First Time This Has Ever Happened... | Financial Audit
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- Опубліковано 15 вер 2024
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03:27 This is super exciting... change your life and take control of your future by building/maintaining a perfect budget: go.calebhammer.com first 250 will get a personalized budget review by my team and me, and this program is at a discount through Cyber Monday (a week from today).
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I'm scared, but excited- thank you for all you do!!
just enrolled! hope i am in the first 250!!
Step 1 get a 1k emergency fund?
Just enrolled, praying I am part of the first 250! Congratulations on your course, I am sure it will be life changing!
Caleb, you should launch an app to replace mint 😎
Makes $105K with a $750 a month rent payment and he's paying interest and having overdrafts. I weep for humanity.
And confident that he’ll get a 250k job like buddy…lifestyle inflation is real
@@coast2coast8306I am fairly confident that he'll be in tons of consumer debt no matter how much he makes.
@@coast2coast8306 But still living paycheck to paycheck
im sure he also publically bitches that life in america is too hard for even 6 figure salaries but cant even see the flaw in his own lifestyle.
Yeah he makes more than me and yet he is spending money like the world is ending
As a car guy, I can tell you he broke rule one of modding cars. Never mod something you owe money on.
You can mod it… don’t boost it or tune it tho 🤣
Dude broke multiple rules. He definitely got into cars with TikTok
Yeah he doesn't seem like much of a car guy. More of a I have money so take it to someone to do everything for me.
I get the adrenaline, but if you can't fix what you break, maybe you need to take a stepback and take things slowly.
Stares at stock car in driveway
@@trevorjohnson2168stock PAID car.
Caleb I am 100% debt free as of today! (4k in credit cards and 6k in auto debt) Thank you for the work you’ve put in to help us all🙌
Wonderful! Being debt free is liberating!!!
Nice work! Thats no small feat!
WOW‼️ Truly happy for you! 😊
Congrats! 🎉 No better feeling than being debt free!
Congratulations!!!!
Between calling his car cute and saying the steaks didn’t make a difference in his relationship …. This might be the most savage episode 😭😭😭
Haha cute is a midwest term for cool. Like the phrase “oh for cute”
@@emnorellbro. This is Texas. Your modded car being "cute" is not a compliment.
@@emnorellno it isn't! Where are you from. I grew up in the Midwest and travel regularly. That phrase is generally used as a put down.
He's 100% racing in San Antonio, anytime a car guy says oh I was in Mexico that's just for the police, literally putting people's lives on the line 🤡
Yep! "MEXICO" is AKA: hitting the local roads and say mexico to avoid legal recourse
Yeah I was about to post the same comment. When you know the scene you know what "somewhere in Mexico" means. 😂
lol, came here to say the same thing. Straight up cackled when Caleb thought he literally goes to Mexico. 😅
Yeah this true not mention there are speed limits in Mexico. This kid is just a street racer 🤡
This kid is an idiot. He’s gonna hurt someone and himself.
‘Mexico’ is code in the car community. He’s not driving 6 hours to do these top speed runs.
💯 he is illegally street racing at night on Texas highways
Lmao that was killing me
Is it rly that's wild dude wanna be in Tokyo drift
reaallllyyyyyyyyyyyy wow
@@CalebHammerYup any time you see someone hooning (means driving recklessly) their car on a public road in the US in a video they'll say they're in Mexico.
Some even meme on it and add the Breaking Bad sepia filter to the video lmao
Caleb, I’m $700 away from being debt free! Been watching your channel since March, literally changed the trajectory of my future so thank you.
$700 will be over before you know it, you got this!! Great work!!
Keep up the amazing work 💪 You've got this
Good for you!
As a retired person I can tell you your senior self will thank you.
😮 proud!
Caleb is so sweet, he thinks "Mexico" means actual Mexico. Additionally, I think this guy is the least responsible person Caleb's ever had on this show.
Just for those who don’t know “going to Mexico” means… it’s going to an undisclosed location in the US (usually nearby) where laws are going to be broken aka speeding, donuts/drifting, roll racing ect.
@@eliminatorxx713xx Thanks! I thought it was actual Mexico😂
I also thought he meant Mexico! That makes sense! It’s funny he didn’t correct him!
@@kyliecallaway5273self incrimination if he did correct him lol
I didn’t get it either and watching their interaction now that I DO know that is hilarious lol
"What did Osama Bin-Car do to blow up all of these engines?" has to be the best quote I have heard in a long time
For give or take 30 seconds at 15:15 (For those interested in hearing it).
" you have all these cars to get off to and you don't even have a picture!" got me haha
That tickled me 😂
I cracked out laughing
As a ‘car guy’ myself i’d like to say we do not claim this guy as our own. He isn’t a car guy and cars aren’t his hobby. He is a child buying things he can’t afford and breaking them before he owns them in the most ridiculous ways possible. Any car guy could tell you exactly what will happen to an old stock vette under a 300 shot of nitrous…EVERY TIME. Blowing engines isn’t an anomaly with this kid, it’s his mission.
It seems like he doesn't understand what a compression ratio is or even the basics of tuning/calibration if he's doing this every time. Seems like he's just hooking up as much Nos as possible and then is shocked when things break.
Genuine question because I am 0% a car guy: Are there increments between 200 and 300 for NOS? Because he explained how it works (200 Nos= +200hp, 300 Nos = +300hp) and I feel like there should be something between those. My Father-In-Law is a car-head and he talks about getting a special part or doing some tuning on his mustang and he's talking about that upping the HP by maybe a couple dozen. So I feel like jumping from 200 to 300 is insane in my mind, but like I said, I'm not a car person.
(Before y'all come for me: Yes. I can change a tire and my oil. I know how to jump start a car. I just don't fuck with the engine or mess with the stuff that's blowing up inside it.)
@@Thaxannadrote Hey, all good! Yeah there are typically increments. 100 HP is a LOT to jump, especially already off a base of 200. The problem is that it causes a lot of stress on your engine and can cause it to blow (as what happened to him). So you have to make adjustments to certain parameters, such as your input fuel/air ratio, transmission, computer calibration, or compression ratio (all of which are different aspects of an engine you can tune) to compensate for the added power from the boost. Or just don't add that much boost and focus on other aspects of the car.
@@Thaxannadrote The problem with massive engine/car mods is not so much the power, but that there is always a new “weakest link” in a complex machine with thousands of parts. You can change one or two things and get away with a bit of power and no adverse effects. But then when you add more power, there is always something else that needs to be strengthened or replaced or upgraded to handle the changes.
Contrary to what this kid says engines rarely, if ever, “blow up”. Usually what happens is a series of other parts begin to fail and start a domino effect that gets expensive quickly.
So true. He has no idea of the basics of modifying cars.
Caleb: Spends an hour deep diving into his financials and giving him a plan to succeed
Him: *I wanna get the ‘vette running*
He’s doomed
He'll get a new Vette engine and just blow it up 2 months later... 🤦
Thinking he's going to have a shot of retiring at 45 isn't just a pipedream, it is a fantasy.
He'll be fine. He can obviously earn money. He's 22, he'll grow up, get more focused on his goals. Might not retire as early as 45, but as long as he doesn't get in a car accident, he'll be fine. Who's got things completely figured out at 22?
I don't see him giving up his hobbies or lifestyle in general. I've known people like him and cars, woman and entertainment leave almost nothing for any essentials like housing, basic transport (not a flashy car), saving, retirement, health.... People don't grow up magically, habits get entrenched and become their personality.
@@tapichu ‘not having it figured out’ in my world is more like having some shit relationships or maybe drinking a bit more than I should be. Tens of thousands of high interest debt on four vehicles is just a completely different level for me haha
This guy won’t live long enough to worry about debt. My cousin was racing one day on the highway, there was a slight curve in the road, we figured he looked away for a second because he didn’t try to break or anything. Head on collision with a brick drain pipe. The passenger died with him. And the details of all that happened traumatized my whole family. I hope he realizes the lives he’s playing with.
Such an incredibly selfish hobby. It’s like if ppl called drunk driving a hobby.
@@Mermelephant after seeing the results firsthand I wonder why we don’t condemn speeding the same way as drunk driving. No one thinks it will happen to them, but it only takes one bad choice to have a huge impact on so many people.
@@moldbrain660To most people speeding is going maybe 10mph over the speed limit. Not 30+. There's speeding then there's this BS. Speeding is always illegal and dangerous but there's still a sliding scale.
@@Draggonny I’m talking about people who go 50-100 over
What a horrible loss for your family. 22 year olds just do not understand they are mortal. At least this one acts like he doesn't.
The fact that my very good friend of 10 years DIED in the middle of the night (head on collision) on an empty highway on their way to help a friend makes me so angry at this guy. The other driver crossed over to my friend’s side of the highway. He could 100% kill someone racing cars.
Build more tracks and make them accessible. 🤷
@@ironmanmachinewhat an immature takeaway from this.
@@justabreeze1234 he's likely one of those immature fw's that race on public roads..
@@justabreeze1234that would decrease the number illegal street racing.
@@quintongooden593 By a minuscule amount if anything. That’s like saying people that litter would litter less if there were more trashcans around. In reality, people that litter are going to continue to do so because they don’t care in the first place. Looking at people that willingly endanger other people’s lives are no different; even when there are available tracks. A big portion of the appeal is it being a street race. Even still, the dude that I replied to initially is still immature as the person he is commenting under lost someone they cared about and he used it as a way to make his monkey brain point.
Not sure which cracked me up more, Caleb calling his car “cute”, or believing Alex actually goes to Mexico to drive his cars
Calling it cute was psychological warfare.
Not knowing that Mexico is a code word for street racing is cute as well
Just learned something new - thanks!
“Mexico”
Hey, at least he isn't one of the people readily admitting to crimes during their audit like so many do.
@@Thaxannadrotethis dudes stupidity SHOULD be a crime frfr
What this youngster fails to realize is that he could lose that kind of job just as easily as he landed it, and he would be up a creek with his debt load. Things happen in life - layoffs, injuries, illnesses etc. I don't think Caleb got through to him at all. He is determined to remain financially stupid.
I had a 2014 BMW that (newest car Iv ever owned, being a car guy) a year into my first job out of college. Everything was great until 1.5 years later when I got laid off for a couple months then rehired, when the pandemic hit, I figured I can pay off the rest of my car so at least thats one thing less to worry about. Then I got laid off again. So I paid off my the rest of my car loan and ended up selling it right before car prices spiked. I figured I could get rid of it, buy something cheaper and maybe one day ill get something similar. Funny enough I sold that car within a few days.
Im currently making good money but I want to buy a place, and I got 2 rare cars that are my mini projects and my daily driver thats paid off. I figured Im ok with that for now. But the whole getting laid off thing really made me question "if i really need a better car etc"? I figured once things balance out ill buy something newer. My current cars are good enough and keep me out of trouble lol.
The good news is Caleb got through to the rest of us.
I always live like my income will not last. My resulting actions have given me so much stability! We think about success as linear, it is not! We need to change our mindset and be grateful for what we have and immediately find ways to leverage it with the idea that a time will come where it all disappears.
@@vee8647out of curiosity, did you grow up financially insecure?
Yeah it sounded like that job was a favor and so now going to another company to get paid the same and work less? Hmmm
"That's a cute car"
I wish you showed his reaction. It's been a minute since I've seen a car guy die inside.
Alex: “it was a mutual decision”
Caleb: *stares into the camera*
Caleb’s mannerisms are so funny and entertaining. Yes I watch for the audits, but sometimes I watch just to see Caleb be a smart ass 😂
He just convinced me that it was even further from being a mutual decision that I already thought lol
facts you cant bs Caleb 💀
Caleb talks to us with his eyes 😂
Me too! I love when he reads the credit card charges and gets more and more frustrated and then says "This is bullsh- -!"
😂 fr
It would be kinda funny to have Caleb's actual heart rate in a corner of the screen while going through the statements
I hope this guest can find the maturity he's going to need to go through the plan for his debts but I have major doubts
I recommend that to Caleb!
And/or blood pressure 😂
Also a pitch and volume meter!
Make this happen!!!!!
I like this idea!
This guy is a living example of how too much success too early on can be a bad thing 😅
Yup! Experience is priceless
Idk about that. Just being an idiot
When he said “she needs time to grow” and “she’s not ready for a relationship” I couldn’t help but laugh hysterically
She's not ready to be with a child that can't pay his bills
When Caleb looked at the camera dead in the eyes after that I fucking died, clearly all thinking the same thing
whereas he as someone who drives places for the sake of going super fast and killing his cars; yet ends with priority to get another car going.... Is ready for a stable relationship and growth?
When a woman tells you “I need space and time to grow …” you can be assured of the following:
She’s already saddled up another pony and is riding that thing in someone else’s corral.
@@aeromedical6776 yeah and if i heard him right he said they were together for 2 years? right?
Finances aside...I am one of those "very few" people out on the highway at 3/4am at least once a week after hosting a late-night radio show, and this dude is exactly the reason why I'm always hyper-vigilant driving home on the highway at that time 😵💫😵💫😵💫
Yeah, his actions are so reckless and unethical
Yes, his actions will definitely end him in jail.
or a coffin@@mancube7645
@@mancube7645or dead
Those “very few” are way more than he thinks! Think of bar workers, third shift workers, shit, so many gas station or stocking employees! And late night radio show djs of course! Super super irresponsible and just not okay on this dudes part.
From all of the videos Caleb has put out, it really shows it doesn't matter how much you make but how much you spend
I'd say that once you cross the 60k mark, it's how much you spend.
@@fartexplosion4480agreed. I've been watching my spending go up and up without me even realizing it.
The second richest man I know always told me, “it’s not how much you make, it’s how much you spend”. As they had a crap ton of money, I took it to heart
@@aliciaz4682 after about 55-60k net, sure. Before that, what you make is pretty god damn important. Inflation is slowly.. not slowly actually, choking the life out of millions and millions of people in the US
As a car guy myself I will never understand people taking out these crazy loans on cars and dump thousands in mods when it isn’t there car. They giving the bank a nice ride 😅
Or buying a modify subie, def stay clear
The new car with a loan is the daily, the Facebook marketplace car is for mods and weekends
Yeah I love cars but you gotta pay the loan off before you mod it
Right? I have 3 cars myself and love to modify and race them. But they're all paid off and they all run. And that's with them all being unreliable German cars 😅
@@isaccm2281I laughed out loud when he said yea. Dude before I bought it said it was rebuilt. Then it blew a head gasket😂
My rich uncle always has told me in the time we began talking finances. " It does not matter how much you make, but what you do with your money." This guy is reinforcing what my rich uncle has been telling me. I cannot imagine being 22 and making that kind of money. He would definitely benefit from having a mentor. I have made so many mistakes that i could have avoided if I had a mentor in the financial space early on. I wish this kid the best of luck.
When I’m constipated, I watch this videos and the mere thought of having debts scares the literal shit out of me. I swear I get arrhythmia watching this.
😂
I truly laughed out loud just now!! 😂😂😂😂😂😂
😂😂😂
This is a good comment. Have a like.
TMI
This guy seems to have been handed a goldmine of a career path by connections and his childish handling of his finances drives me up a wall. Seeing that much success getting squandered makes me feel like Caleb's heart rate
In college I've met old ladies working 3 retail / fast food jobs that slept 2-3 hours a day, and the fact this dude gets handed a golden ticket, squanders it and only cares about blowing engines at dangerous speeds for people in another country actually pisses me the fuck off.
What an entitled little brat. In addition to his selfish and childish spending, he fell into a high paying job which he assumes will always be there for him, he’ll always be a rock star (I’m sure his professional etiquette is just fabulous) he’ll promote up the chain and yay me, I want to retire at 45 …….oh, and I want to rebuild an engine on a car …….where I blew up the engine. Masterclass, Caleb. You are pure gold.
@@tahamohiuddin7425 you like some others seem to have a stupid view of what handed is. He was not handed anything. In fact he is the reason he even got the job offer. You being stupid and talking about some supposed old ladies you met working jobs like they are special and deserve something when you have not a single clue what they may of squandered which is highly likely. He was not handed anything and worked for what he has and worked to even obtain the skills to do said jobs. Im happy his hobbies piss you off and seeing how others tend to drive i would wager his driving endangers less then you make it sound, those old ladies you mention probably cause more potential danger on the road.
Him saying he wants to retire at 45 is hilarious and shows his immaturity. How is he makes such statements while handling money like that?
He pissed me off too. A cotton-head.
If there's One thing I've learnt watching this show: The common Dave RAMSEY quote "'Personal finance is 80% behavior" is absolutely SPOT ON.
So happy that Caleb and his team are reading the comments! A few episodes ago someone mentioned it would be great to have a running total of how much debt the person was in and not just the monthly minimum payment owed on the debt and I, and many others, liked that comment, so I'm glad to see it implemented in the video!
As for this guest.. he's a bit delulu when he says he wants to retire at 45 but then immediately talks about fixing the Corvette, which is definitely in the opposite direction of what he said he just wanted to do 😅
You’re cute
True but their recent videos no longer show the total debt in the bottom right corner 🤦🏽♀️
@@ArianaMMR you’re cute.
@@RedPilledFit You’re cute
@@user-ru1mb4rk7y why thank you ☺️
* sees the corvette *
"It's a cute car"
I can't put in words how much I loved this reaction
I enjoyed it, because no car guy that’s this invested wants to hear his car is “cute”.. 😏 🏎️
Started watching when I was drowning in debt about a year ago, I’m here out of credit card debt now, and no bad debt and with a 1 month emergency. Making progress!
Yeah!!!
Doesn't that feel great?
good job, take this internet cookie
That's awesome!!
This is probably the first time that I've ever gotten as angry as Caleb watching a video. Such a frustrating watch - he could clear my debt with one month's pay!
He clearly doesn’t make that much lol. It’s an obvious lie.
@@johnvillella1087Prove it.
The guy wants to retire early...surely buying 4 cars + 3 engines + a bunch of jewelry for his ex will get him there
@@TonyCox1351 He probably thinks with a big enough salary he could get there regardless of his spending. I don't think he realizes the amount of sacrifice that FIRE requires.
Your debt is yours though, not his, there's no relation, sounds like a personal problem. LOL.
From somebody who spent his 20s working toward "the goal" and not living in reality:
My wife's MA in education never panned out, as she found she wasn't able to keep up with licensure timing, so the 60k/yr we were planning on never happened.
Rinse and repeat, when I went back to school for Computer Engineering at 29, I figured debt repayment post graduation into our budget while in school, counting on minimum 70k/yr when I started, 100k within 2 years.
Well, I missed out on internship experience during school due to the job I had at that time, so I ended up hunting for work for 5 months, only to start 20k under our goal. We were 1 week from bankruptcy.
7 months of some pretty intense budgeting (can you believe we have $15/mo internet?) And negotiating with all our creditors for lower interest and payments, and 2.50/meal, we just reached 1 week of expenses in emergency savings, and 1 month of expenses on hand. We have a loooooooong way to go, but getting this far is really motivating me.
props to y’all for doing that and i wish y’all the best of luck
For the record, "In Mexico" is a term used by car people when they talk about racing or going very illegal speeds on US roads. In videos, etc. they say they were racing in Mexico so that they're not admitting to a crime. There is no chance he was in Mexico. Be careful, people in San Antonio
Do they do it between 1am : 4am at least?
@@lowkey276Typically in the dead hours of the night.
The idiots in New York and the like, swerving through traffic at high speeds for fun are the worst of the bunch.
@@Derekjeterlover7 Can't imagine how stressful that must be 😶
Lmfaoooo he’s funny asf
“I wanna get the ‘vette running”
Ahh that made my blood boil. I was waiting the whole episode for the “first time this ever happened.” And it was worth the wait.
Good episode Caleb!
@brandonsparks7306
Soooo, you enjoyed watching till the end and getting the punchline, yes? You enjoyed that? And yet you come to the comments section and lay it all out for all of us to read.
Thanks. 🙄
@@lisahinton9682that’s exactly what the comments section is for
@@lisahinton9682maybe don’t go looking for spoilers before you finish the show..
To be fair it makes complete sense to fix that car IF he was doing it himself.
This is the episode that speaks to my soul. I make a similar income to this kid, I have 3 car payments, some personal loans, but no credit card debt. It's finally hit me that I need a budget. I keep an excel spreadsheet to track my in/out, my bills, keep myself comfortable. I this episode finally made me realize that I need a real "budget" to start getting ahead.
3 car payments is insane dude wtf
Good luck!
I hear there's a good course for that.
You don't just need a budget, you need to own fewer cars.
I have 2😂
I made 100k from 23 to 30 years old, kept expenses at 60k. Making money and managing expenses are wildly unrelated skills, as you see in the interview. You get rich by owning assets, you own assets by creating margin, you create margin by spending less than you make.
This one made me sick. A 22 year old dude making more than my family of 4 and we still stay out of debt! I love your videos!
"More than a family of 4"? He's making what a single middle class person makes where I live.
I bet your kids aren't pulling their weight though, put them to work and I'm sure you guys can make more than this guy.
@@cwj138😂😂😂😂
Exactly what i thought! our family of 4 lives on half of that and no debt
@@christinewatson1989congrats?🤣😂
13:24 kinda disgusted that his response to "you could kill people" is "im an adrenaline junkie"
The guy gives major ick vibes.
This guy is literally the embodiment of entitlement and consumerism.
Homie has never bought groceries in his life lol
Entitled how? Entitled are the losers on here that have pretend jobs... He's making 100k a year in his early 20s, how the f is that entitled.... He's not leeching off anyone...
@@runningdebate2670 think about it, at the very beginning, he admits he doesn't care if he hurts anyone for him to experience the thrill of going so fast in his cars. He knows it's dangerous, he knows it's ruining his financial future, he knows he'll never be able to pay back these debts fully given the trajectory of his money habits. The whole first half part of the video Caleb's trying to talk him into care more about his future than these cars. Making a lot of money doesn't outweigh the selfish motivation of instant gratification.
Hes just a young and dumb gearhead, nothing about this episode screams entitled lol
Dang. People really hate it when they see young people make bank
This dude is the same guy making fun of you for riding on non cool reliable vehicle that’s paid off.
Fr exact same guy
And mocking people who don't need a gun to buy a sandwich
The way he paused, smirked, and then said I want to get ‘The Vet’ running was priceless, and an amazing way to end the show.
13:37 he is absolutely going to kill someone. I worked in trauma and saw so many patients just like him - young dudes who believe they’re invincible. I’ve cared for the families of people who lost their lives because they were killed by some arrogant kid who thought “fast is fun.” I already thought this kid was obnoxious, but this part made my blood boil. He needs to grow the fuck up and consider consequences of his actions
Absolutely. In the Tampa Bay area, an 18 year old driving his rich parents' sports car street racing on a 35mph speed limit road with tons of crossings for pedestrians on a Sunday afternoon hit and killed a young mom and baby. He got 24 years in prison. His family thinks it is unfair but no one should be behind the wheel if they don't understand the consequences of their actions.
I got hit by a car last year on my bike. Im not a fan of him. Not at all.
Fast is fun just do it on the side roads or a strip but governments and counties hate race tracks
Yes. There was a kid on here last year who had one of those Mitsubishi Lancer Evolutions I think. He was into street racing and carried no insurance. Punk ass little b***.
@@Quade- I forgot you can't kill someone on a side road. Silly me!
As a gentlemen who is also VERY into working on cars and modifying cars and is also in debt. I currently drive a minivan because a hobby is not worth ruining my life financially. I would love to have any of those 4 cars mentioned, however, none of those would I have purchased on a whim and also would not have bought any of those without the ability to fix them on the fly. All 4 of those are KNOWN for being either A. Unreliable or B. EXPENSIVE TO FIX. Bro did no research before buying a single car… also never smart to throw nitrous at a car for fun. And if you ever buy a car and have a tendency to blow them up.. maybe don’t mess with it so you have 1 reliable car. That dude is whack af
I'm also a recovering car addict. I can wrench and do all my own work, and it's still an extremely expensive hobby. Alex would have been better off throwing nitrous and turbos on a cheap 90s shitbox while making 1 car payment on something reliable.
I was ruining my life with RC vehicles, which are expensive to modify too 😢. $25k spent in 3 years in just RC vehicles. I finally stopped the insanity this year
THANK YOU. I only dabbled in car maintenance but I cringed so hard at how he was treating his cars. Like, there should be laws where someone abusing cars gets them taken away 😂
Car enthusiast here as well and same. But I dropped my career at the time and got another career just to support my habit
I agree with you but, a C6 LS3 is reliable and not that expensive to fix. If you start modifying and throwing nitrous at it and blowing up engines yea it's going to be expensive. I'm assuming it's a salvage title because a nice base LS3 car "I'm assuming a manual" right now is around 25-35k.
My husband at 22 had the same mentality as this man. Then we got married and had children. And after blowing up an engine and fixing it he realized this ish isn’t worth it. Shifted his hobby over to ATV’s and other off-roading things that our family can all do together.
He is young and dumb and I hope he listens to you.
Get him into rc drag cars. It’s cheap fun
Be careful about ATVs, at least Utility ATVs, I've known several people who've been seriously injured by them
I've known two people who have died by flipping an ATV and one who is now paralyzed. PLEASE be carful.
Shifted money into more stupid depreciating assets. Cool
I have zero respect for a street racer, it puts so many innocent people at risk for no good reason.
Exactly!!! "Adrenaline junkies" never think about anyone else's well-being
no kidding. Drives to mexico to floor it on the highway, but lives HOW CLOSE to Circuit of the Americas? What a poser.
@@mustudddthat’s a joke, he doesn’t actually drive to Mexico, if you are American saying you race in Mexico doesn’t leave you legally liable to breaking traffic laws.
Majority of actual street racers drive 2+ hours out the city and usually ask farmers or go to a spot that everyone already knows the run down (flairs, road signs, cones, etc), and majority of the time even in my “cute” car i drive max 7 miles over (common rule is 10 above locally, i always go a little slower or at traffic speeds so I don’t get targeted)
This guys just a man child, hasn’t grown up yet.
This is exactly what you expect to hear from someone that has zero idea about the culture, this isnt a take over guy, this is the kind of person like most that goes out between 12-4am in the morning and drag races a 1/4 mile on a completely dead street with people looking to make sure no cars or people are around, but yet ignorance is bliss
@@mustudddhes not actually driving to Mexico, and just shows your knowledge and true understanding of the culture and scene, people love talking about things they know nothing about though 😊
The SIDE EYE to the camera when he said “she needs time to grow” had me cackling 🤣💀
I think it was also for him saying it was mutual and he was fine about whilst sounding so sad. Lol. Such a funny side eye moment
She probably saw the cars and thought he was wealthy.
Plus, he bought her jewelry and fancy food... she probably saw the debt/income ratio and jumped ship lol
As soon as he started talking about sticking to a budget she ran 🏃
This guy will 100% be in crazy debt forever even if he maintains a strong income. Priorities so far out of whack, no concept of responsibility or how to budget. Its honestly infuriating that this kid has such a high income that he just blows in stupid bs and is still in ridiculous debt.
Mind blowing 🤯
This is something incredibly common in my rural area where most people go into trades and make a ton of money very young and just fall into bad habits early and find themselves living paycheck to paycheck, loan to loan.
Most people I know with money do that only difference after a certain income yall don't see it any more and there a big reason for it soooo.... in all reality most people of any income aren't taught or shown how to spend wisely based off of your personal wants and needs and the repercussions to the fullest extent if you don't to it the right way so there foe we have this national issue that we do
56K in debt is crazy
In my husband's group of friends everyone is a car nerd. Racing, modding, meetups, cruises, etc. Now that we're all in our 30s, half of the group has realised sinking money into cars all through their 20s no longer makes financial sense for them, and the other half put their hobbies on pause earlier in life until they were a bit more stable. Hubby sold his car when we realised we were sinking so much money into it. Now that we own a house and have better incomes, I bought him a classic car for his 30th.
Insightful thx ☺️
He’s definitely the guy who will buy everybody’s drinks or food just to impress a girl that he just met 😂
"It's a hobby, you break things then fix them." "Ok can you fix this? Or this? Or this?" "Nah, it's not worth fixing." It's like if you gave a 13 year old boy a driver's license and real grown up money
He needs to get into furniture reupholstering or something 😭
He said the 401k loan was taken out to fund his move to Virginia. Later he said he needs to delay Caleb's payment plan so he can save money for the move to Virginia. So I'm guessing he ended up spending the 401k loan on a car to destroy or on the girlfriend he tried to buy with jewelry and steaks he couldnt pay for. He's young and dumb but hopefully he'll grow out of this stupidity.
Leading with his money will make it much harder for him date. Plus, he also said he was going to make the same and work less in the new job. But then he said he currently works 20-30 hours but is going to start working 40, but also can pick up shifts. He’s kinda all over the place.
If it was the girlfriend, I hope he spent it more wisely. We don't know much about the girl, but if she let this kind of meal ticket go, I think it's safe to assume that Wagyu wouldn't have made her stay.
Just ordered your budgeting course. I grew up in generational poverty and am breaking the cycle. Your videos have opened my eyes and I’m ready to tackle my debt. Thank you for what you do!
You've made up for the torture Caleb just went through with that lump of unadulterated testosterone
Hope it helps you
This guy is legit scary. Driving at insane speeds, spending all his time shooting, and blaming his gf for being immature as the reason for the break up all while displaying very few emotions. 🚩🚩 He's going to end up killing someone someday.
He has the personality of a triscuit, he compensates with guns and cars. There is nothing going on between his ears, there's nobody in there.
He's 10 min away from the red pill.
@@heathergray9195lmao
I gave up hope at "I wanna retire at 45" and didn't think he could top that level of delusion, but he sure proved me wrong 😆😆😆 I don't blame Caleb at all for shutting it down
Hey, if you start making 6 figures at 21 in a moderate COL area, that's a dream that could be accomplished. But not by buying depreciating assets at 18% interest and then destroying them within a year of purchase...
@@toda2638my father retired as a police officer at 45, he also had a pension though, which good luck finding those these days lol
It is enough if she comes out of retirement at 55 ... or dies I guess@@justwait9822
I am so tired of these ridiculous car guys comfortable with manslaughtering people on Texas roads. This is a much bigger issue than many people will acknowledge.
I’ve been passed by someone doing insane speeds here in San Antonio early in the morning, coming home from the airport. Could’ve been this guy. Had I changed lanes we’d all be dead. If drunk driving is completely unacceptable, I don’t see how anyone tolerates their friends behaving like this.
@masterkoster 140 wouldnt be that fast for a modded vette and at twice what someone SHOULD be goinf on public roads it'd be perfectly reasonable to see someone that far back and think you have room to switch, its why we have speed limits
@masterkoster And you're missing the point that the entire reason speeding is dangerous is because "checking" doesn't work because people cannot accurately gauge BEHIND THEM when someone is going 140mph where they will be in 4 seconds
@masterkoster According to your ridiculous logic, if I check my side mirror and it is free of cars for SIX HUNDRED FEET its my fault if I change lanes and get hit because A TENTH OF A MILE BACK some dumbshit on public roads is going 200 MPH...while I am driving the posted 60mph and supposed to be, I dunno, LOOKING AHEAD WHERE I'M DRIVING. I really hope you're young and not an old fool
@masterkoster Your perspective is that lawbreakers are not at fault for accidents they cause by speeding, your age is only relevant because it's a good excuse for why what you're saying is so stupid.
Gotta appreciate Caleb's side quest to talk him out of endangering his own and others lives. Presses him as hard as everyone else on financial issues.
I'm only 30mins in but to be that young, making that much money, and having that much debt is INSANE. The good news is he has time to fix this if he chooses, although the post before this is ominous
I missed the part at the beginning to see how much he’s making. Kinda on purpose because it makes it a mystery to guess how they are making.
wait until the ending 🤣😂
@@audikool Yeahhh, this kid was something else
@@audikool yes, because we need to spend another $8-12k fixing up the car he broke that currently has an 18% interest rate loan on.
Plenty of time to fix it... or go into even worse debt. Let's see which he chooses. Hopefully, it's the first one.
Idk how he managed this by 22.
Caleb has been the inspiration for me to get myself together. I applied to go on the show and im states away. Im at 180k+ annual income. Had 76k of debt on october 11th. Im down to 69k as of today. Ill be down another $1100 this week as well. The compassion he shows is what got me in gear
That’s so great! I hope you keep going and that it gets taken care of, that’s honestly amazing ❤
Dude, if you're making that much money, you have no excuse for being in debt. Glad you're fixing it, but I hope you remember how stupid you were so you don't do this again.
Yaaaay ! I’m so impressed! He has def gotten my butt in gear too! I’m doin it!
Update as of one month. So far I'm down to 58k ish. Had a super good month at the end of the year.
@user-si5kv1ym8y you're killing it!! 🎉🎉
I came across Caleb’s channel randomly and eventually my boyfriend and I started watching together. I was so happy to get him hooked as well. Earlier this year we had no budget and lots and lots of credit card debt. I’m happy to say we’re now debt free and follow a budget and are saving to buy our first home and get married. I had no idea how truly freeing it would be to get rid of your debt! Thank you so much Caleb!
Congratulations that’s so awesome!!!!
Investors should be willing to take risks with their exposure when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields
I don't think I need a finance advisor. I can manage my own money and investments. I don't want to pay someone else to tell me what to do with my hard-earned cash.
That's a risky attitude, My friend. You might be missing out on some valuable opportunities and strategies that a finance advisor can offer. A finance advisor can help you plan for your short-term and long-term goals, optimize your tax situation, diversify your portfolio, and avoid costly mistakes.
I used to think like you. I thought I knew enough about finance and investing to handle everything myself. But then I realized that I was spending too much time and energy on researching, analyzing, and monitoring my finances. I was also overwhelmed by the amount of information and options available. I decided to hire a finance advisor and it was one of the best decisions I ever made. They saved me a lot of time and money, and gave me peace of mind.
how did you find a good finance advisor? How do you know if they are trustworthy and competent?
My portfolio is made up of dividend etf’s, dividend stocks, growth stocks, it allows a bit more freedom in specific areas with help of an advisor LUCY ROSE CARTER who I’ve been in touch with over the years before buying any stocks and it’s been working perfectly for me.
I’m only 16 minutes in, but this guy is giving me the icks. I guess I don’t trust car people who are in it for the speed and don’t give a shit about endangering other people.
He is incredibly dangerous and selfish, and not just with the cars.
Agreed. I dislike him more than taquitos dude and that takes talent. He's going to kill someone.
Yes, he's a narcissistic punk.
LOL i got the ick too!
Less than $100 for a budgeting course that so many folks need is incredible. Kudos to you and your team for this!
This show always makes me feel 100x better about my situation 😂🙏
Absolutely lol. This show gives me a massive confidence boost in myself 3 times a week for free.
Appreciate you Caleb
I came here to say just that, this is why I watch 600lb life 😂
It shouldn't, if you're in a bad spot seeing someone in worse spot shouldn't uninspire you from getting in a better one for yourself.
@@j.j6869 I have zero debt unlike half of these genius guests on the show so yeah it makes me feel great watching other people make these mistakes so I don’t have to go through it my self 👍
@@j.j6869 The real joy is watching this from a good financial position.
Social media is constantly showing me mansions and fancy cars that I, even with my good tech job, cannot afford. This reminds me how good I have it and not to take my life for granted.
Also scares me out of doing any bad spending... lol
I'm glad Caleb had a higher income earner compared to the other guests on the show. This demonstrates that it doesn't matter how much you make. If you make poor financial choices, you will be broke.
"I love cars" is the killer phrase for personal finance
Lmfao at how he straight faced the "racing in Mexico" meme. 3 financed blown up cars and renting a room in a house is wild
I agree with all, but why is renting a room in a house wild?
@@leri3365 I guess if that's what you genuinely want, it's totally cool. I just see most people doing that because they can't afford to have their own place. Especially a place to keep 4 cars. But this is coming from someone living in San Diego so it could be totally different out in Texas haha
@@TheCarPassionChannel guess different situations for everyone. I rented a room until 28 and then bought my first home saving money.
@@leri3365 yeah definitely nothing wrong with renting a room at all, I was just saying that renting a room while making $100k and financing every single bad decision was wild haha
the "Looks like it didnt make a difference" comeback by Caleb was brutal and top-quality Hammering ending the HEB vs. Central Market steak quality debate starting @ 38:49
I was looking for someone to comment on this. Deliciously brutal. LOL Honestly, Caleb is correct from an ROI perspective, especially between that and the jewelry for someone who doesn't want a relationship with you. He thought he could buy a girlfriend and purchase her love while being in debt and living super recklessly. Welp lol
If he's dating someone that absolutely needs to have top quality steaks he needs to also look at his life not just spending.
@@FreckleFinanceThat's what I was thinking too! He's gonna attract the wrong type of women. The gold digger type. The kid is gonna live fast and burn out like his motors. I Wish him to wise up.
Hilarious 😆
Good job to Caleb for bringing up the fact that his adrenaline seeking car speeding is very dangerous to the innocent people just driving down the road. We had an entire family from our neighborhood wiped out in the blink of an eye because of someone seeking their adrenaline rush by going 125 on a dark road at night.
This shows how money doesn’t always solve your problems it’s all about the mentality you face them with
I can’t comprehend how any grown adult could possibly think that money solves their problems.
@@l-train7876Democrats do the same thing, throw billions of dollars at a problem and it just gets worse.. then they start wars to sell weapons to help pay the debt.. crazy world
@@l-train7876When the cost of the cheapest rent in town is over half of your monthly income I believe its a fair thing to think
Oh he is so young!! Life never goes the way you think. We went from 110k a year to barely 60k on disability with 2 kids and me not being able to work due to being a full time care giver for my husband at 37. Life is a b***h sometimes and you have to come back to reality when the s**t hits the fan!! Best of luck to him though!! Great episode Caleb!
Can you get paid through your state's family care agency to care for your spouse?? If so, then you won't have so many zero years on your Social Security W-2 record!!
This guy is definitely putting other people at risk with his reckless driving. He needs a wake-up call before he kills someone
Corvette is my husband's dream car. He would never go into debt to get one. We went to Corvette Museum in Bowling Green KY so he can appreciate them.
I watch these videos while I work. I'm debt free (except mortgage) but so crazy how much people accrue while already indebted!
A mortgage is massive debt, so you're not 'debt free' lmfao.
@@DJSolisticait’s an appreciating asset and you don’t know their interest rate. They seem to be in a pretty good position
@@DJSolisticaA mortgage is a Secured or Backed loan. Typically... if you need to you can sell the house and repay the loan. The PROBLEM comes when you borrow on the equity of the home. Otherwise it's just a trade off.
@@DJSolistica hense the part where he said "debt free (except mortgage). Implying that he is aware that he needs to pay his mortgage off. But most people wouldn't consider it a debt since they can easily just sell their house for a huge profit. Debts usually don't flip into profit unless it's an investment. So that is why most (including myself...and I'm sure Caleb too) would consider their mortgage as an investment rather than a debt.
@@DJSolistica Owning a house with a mortgage is vastly different than owning a car with a loan. The value of the car will eventually go to $0. Real estate builds wealth, owning cars does not.
2 months debt-free and saving over 40% of my income, Caleb! Thanks to you!
Finally investing in real estate, bonds, and stocks!
lfg
Keep up the great work! 😊👏🏽👏🏽👏🏽
Congratulations!!! That's terrific! Being debt free is so liberating!!!!!
Congrats! You’re well on your way! 🎉
Congratulations
It’s not a whole lot but since watching you in the end of August I have increased my emergency fund and my IRA by 1k each. Working on my debts at the same time as well. The insight this channel gives you on what could happen if you follow your current path is amazing and eye opening. THANK YOU CALEB.
That IS a LOT! Congratulations!
Buddy modified the BANK’S car, then blew it up. If that’s not the pinnacle of “f*ck around, find out” idk what is
These aren’t situations where someone doesn’t have or follow a budget. These are people who are addicted to buying things and are given predatory loans to enable them to keep doing it. You can talk to them about budgets, but they need a counselor to deal with the addiction as well.
Caleb pumpin these vids out to deflect all the bad spending bouta happen this holiday season. I’m fighting my demons but I’m winning 100%. Staying focused
😂🤣😂‼️
I’m not using credit this year at all. Not even a latte is going on the credit card.
you got this!
“I wanna get the vette running” at the very end SENT ME. Only FIRE movement he’s gonna accomplish will be a twisted heap of metal in “Mexico”. he’ll be lucky to see 30 let alone retire by 45. Poor soul.
Calab, I’m from uk
New subscriber,
I worked out my dept, £10000
I earn 40 grand a year,
Full company pension, been paying in 20 years,
Now I’m saving for a house, but the 10000 will be gone in 8 months,
Savings of 5 grand,
I no pay off the dept with savings,
Love your show
They don’t teach money in schools over here at all
In a bad way, I feel a lot better about my situation watching your show and seeing other people’s problems,
Unfortunately I’m a ex addict, but I fought back,
My credit score was around 350/400, now iv helped myself, it’s now 701 credit score, it took my just under 3 years to get here,
But I did it,
"I want to retire at 45"
Has 4 cars that he has broken and not paid off
Talk about immaturity lol
He hasn't added in the cost of a family, house, etc. I think he's pretty unrealistic. He's going to be 40, still with his wastrel habits, wondering why he only has 100K in his 401k.
A few videos ago I saw a comment asking for an on-screen debt tally, and now here it is! Well done listening to your viewers. :)
It would be amazing to have an episode with someone who improved their finance since they started watching your channel !!!
pretty much every guest say they been watching his videos and have got better……until Caleb digs into the detail and exposes their absolute delusion
@@Judep4237yeah he'd have to do like a few month audit or then and now several months apart or something
This guy had the strongest followup video so far ua-cam.com/video/Gh4tMZwKTcQ/v-deo.html
Thank you Caleb. My wife and I follow you and we are debt free this past month!
I love that you were just like, No, goodbye. Good job. He’s an idiot and will keep doing the car spending. It’s an addiction like anything else.
Nailed it. Addiction shows up in many forms. 🙌
As irritating as some as your guests are, I do love seeing people in the comments that recently paid off their debt or are getting close. Props to you guys!
I got into debt out of young dumb decisions… & listening to bad financial advice from people in so much debt. This channel has been motivating me to work harder & to pay for my mistakes. ❤ Thanks, Caleb!
I think a lot of the problem is that when people are young and first starting to handle money, they often have no way to know just how awful those influencing them are in their own financial habits. I went through my 20's thinking I was doing fairly okay with money, but the more I learn the more I realize that was not exactly the case. Oh well, better late than never, and fortunately my mistakes pale in comparison to much of what comes out on this show....
Good luck out there.
omg my two worlds colliding 😍
5M by 45? Dude is living in a dream world based on his current trajectory!
When he said he drives his cars in Mexico he does not literally mean Mexico LMFAO
That's a thing car guys said to not incriminate themselves when they are illegally racing/speeding on American highways haha
I was actually cracking up in that small segment
Explained this to my GF she was like, "mexico????"
Exactly lol
*It’s a lie car guys tell
As a non car guy I understand your ignorance, but he isn’t ACTUALLY going to Mexico to rip his vette. It’s a meme in the car community - someone will be driving in LA, pan camera to dashboard with subtitles *somewhere in mexico* and then driving insanely fast. Magically when they pan back up from the dashboard they are back in LA.
Thank you for the Debt counter editor! It does not go unnoticed
If only I can like this comment more than once.
It’s kind of funny how everybody wants to do the retiring part of FIRE but not the saving up way more to make it happen earlier part 😂
My husband and I started watching your channel one year ago this month, and we have paid off 20k so far, we only have 12k left until we are completely debt free!
Gratz
Excellent!!!!
I make about 85k and have 70k saved with 50k in low interest student loans. The 70k makes more of a return than the student loans so that’s why I still have them. But I’m always really hard on myself. This show makes me realize I’m ok. Thank you Caleb.
You may be ok, but you can always optimize! Keep on the grind 🎉 just because we are better than average doesn't mean we don't have room to grow 😎
1500 in credit card debt, no loans, 150k in saving at 26
@@Iceisthegoatcongrats I wish I can be like you when I was younger
@@Iceisthegoat 1500 debt in credit card with 150k in savings - if you're paying literally any interest on that debt you should pay it off immediately.
@@rustycolon9368makes no sesne they got 150k and leaving the debt lol something not adding up
Lmaoooo bless Caleb’s heart. This guy saying he goes to “mexico” went completely over his head😂
He’s so innocent 😭
What does that mean?
@@deirdrekiely6187 if something is illegal, like street racing, you say "in mexico" because there is lesser laws there. basically admitting that I dont want to admit i commit crimes
As someone who like motorcycles and cars and stumbled into a good paying job while still living at home it's unbelievably easy to let things like this happen. I've never been in debt like this but it's been 3 years and I'm still struggling to cut unnecessary spending. With Caleb's help with the budgeting guide I've been getting my sh*t together!
Guys, if you were wondering, the breakup was mutual.
Yet she walked off with $5k+ of Jared bling and some posh steaks. None of that HEB steak for my princess 😅
sure jan
😅
I've never been in debt. I had a bad meth addiction for years and now within 3 years of being clean I got my credit score to 750 and no debt. I'm watching this now so I can learn more to stay in a life I can afford. Thank you bro.
Congrats on getting clean and back on track!
Congrats. Did you get a job?
@mrscassandrasolano thank you so much
@deirdrekiely6187 oh yes of course. First I did dish washing for a year to get a sense of self discipline back then I went back into my career as a full time tattoo artist. I kept relapsing when I'd go strait into tattooing but this time I got in to a shop here and I'm essentially self employed. I'm in the process of building clientele because I'd really like to quadruple my income with this career. If I wasn't using for so many years I could have already had a steady clientele. Thank you for asking that means a lot!
Congrats 🎉
This is the kind of guy who helps keep the aftermarket parts industry afloat in lean times. Thanks!