23-Year-Old Is Going To Drown In Debt FOREVER | Financial Audit
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- Опубліковано 20 жов 2024
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The lack of a reaction from the sperm donor part is a glimpse of Caleb's mental state now. Sooner or later someone's gonna say they're a cannibal Cafe owner and he won't even bat an eye apart from how much they spend on their produce
😂
“I’m an assassin” “ok cool but why are you spending so much on Amanzon”
“I don’t care if you’re an assassin as long as you pack a sandwich”
😂😂
@@katelyn6039 And Starbucks! Starbucks! MCDONALD’S!!!!…… Starbucks!
Caleb called him a "Jizz-boy" LMAO
Caleb should wear a heart rate monitor and have it displayed on the screen for the duration of the video. Thanks for the content
I second this!
Love this idea 😂
Yes!!! I agree
Yes!
😂
I literally drove 10 minutes to go out to eat, but the place was closed, then I went to get a sandwich, but i realized I had all the ingredients for the exact sandwich I was going to buy at home, and so I came home, made my sandwich, and watched the episode. I feel like the spirit of Caleb saved me from spending $12 on lunch. Every bit counts!
You spent 2-3 bucks on gas to make a sandwich at home.
@@christian_cantarutti Better than spending $10-12 on the sandwich at the store
@@denellrandall3441 very true
You wasted time and money to even go out to realise you can just make it home… you’re not a credit card person! 😂
@@peterknighton2757 you literally just typed what he said and for what purpose do you serve on earth?
Love your videos, Caleb! I’ve been working to pay off over 12,000 in Credit Card debt since October and now I have less than 1500 left. These videos keep me motivated! 🎉
Well done! 💪
Caleb should bring you on just for that
You got this!
Can I ask if you started making additional income and if so where from? I don't have crazy debt just about 3k but I also need to build up an emergency fund and building a pension I just started delivering food for deliveroo this week but I'd be grateful for any other tips or advice you could give me
@@reagan9213 You just have to sign up!
Caleb! I opened my first ROTH IRA and paid off the remainder of my debts because of you. You are incredibly inspirational! Thank you.
Well done! 👍🏼👍🏼👍🏼👏🏼
❤❤❤❤❤
Caleb, you have a great program here. Can you get some folks to come on this who would have a score between 4 - 8? I think there is a lot of value in seeing better examples of folks that others can emulate from a personal finance perspective. I also think we need more diversity of folks coming onto this program in terms of where they are at in the personal finance journey
He had one person on early who fits that parameter. I think he was only on there to shoot his shot with a previous participant.
I think I fit in the 4-8 range!! 🙋🏻
I think I fit too. I’m 30, No debt at all, 802 credit score, have an emergency fun in full and 5k in checking, but very limited retirement and no real estate. So maybe 4ish on the score. Feeling pretty optimistic about how things look in 3-5 years 👍🏻
There were plenty of people that THOUGHT they had a score of over 3 lol
I'd give myself a 7-8 maybe. Married, dual engineering household, no kids. Annual income ~300k, 24k in checking (not ideal), 24k in savings (not ideal). Own a house (30 yr fixed, 5.99%). 820 credit score, no CC debt (auto payoff each month, use points as cash back). Still have a car loan (short term and ~3% interest, not ideal) and student loans (not ideal). We have ~ 300k in retirement at the moment (save a combined ~24% to retirement per year). I know all my accounts and exactly where thr money goes, I'm just not super optimal with where it goes.
I am not sure, but it should be the case that the difference between a 3, 4, 5, etc. Is logarithmic, not linear. As you get better at managing your finances, it becomes harder to i.orove as quickly. There is only so much you can optimize.
That 3rd job caught me off guard never knew it was so lucrative
One of the best episodes yet! You can tell Caleb has ALREADY helped this guy start to turn things around a couple of months ago through his videos. Two months ago when Caleb was blowing up, a lot of guests were saying “oh I just started watching you and changed my ways two weeks ago,” now this guy is basically saying he started watching at the same and changed course two months ago. Awesome!
Plus, this guy was a very engaging guest and good on camera. He was honest about how bad he used to be and has already started changing his behavior in a big way. His whole thing hinges on the real estate: he’ll be able to pay off debt in huge chunks if and when those deals come in. If not, he has a huge income problem. But he doesn’t have a big spending problem any more. You can do it!
I agree, this was encouraging to watch :-)
When Caleb said “half a month of jizz boy activities” I died laughing 💀
i feel like a lot of the financial youtubers are to old it feels like listening to a teacher but with Caleb it feels like a friend yelling at me to stop buying stupid shit 😂
...yeah...that's his brand and why most of us are here...
Exactly 😂
@@dericanslum1696 i wouldn’t necessarily say his brand is solely based on age but i agree yea that’s why others like him
They'll send you to collections for not paying your gym membership. You have to call them or go there to work things out. Trust me on this one, it's stupid but real...
yet another reason i wont sign a gym contract
It's not stupid, you signed a contract. If you cancel your card you still owe them money.
@@Princess.McBetch gyms are blatantly predatory and make it difficult or near impossible to cancel your membership a lot of the time. Stop simping.
That's why I join gym through health insurance
It's not stupid. That's like saying it's stupid that if you cancel your card that your car payment is on and they come after you.
You signed a contract
Imagine if Caleb launched his own brand of credit card. When you miss one payment it say "You are not a credit card person!"
I said the same for other major credit card lenders but then I realize they are in the business to MAKE money and they MAKE money off idiots 😂 🤷🏾♂️
Idiots: those who make the same mistake over and over and over and over…… and over.
@@_2315_ Well they don't use a credit card like cash. But because people are different there are also so many advantages to that. I don't think people would be able to do so much if they were all the same and some were not "idiots."
Same notification if it goes over "20% usage"
And it automatically declines all taquitos! 😂
But that’s how the banks make their money
Caleb, you have successfully scared me into taking my finances seriously and saving. I'm 24, turning 25, and have just started planning out my finance goals and building an emergency fund. Thank you!
Good job. Keep it up! I'm in the same boat about a year older
Same boat but a year younger 😊
Because of you Caleb -I called my mothers financial advisor and made an appointment regarding setting myself up for the future. I have no debts but know I can be saving more and in the right areas. I literally told the finance guy this afternoon “I don’t want to die on the Walmart floor” 😂 and told him about you and your channel. Without you I probably would have never reached out and never set myself up for future success in my finances and as a 32 year old I wanted to say thank you ❤
I think he's really going to follow through. He's ready and he wants it. Hopefully he'll come back for an update. Until then, I'm rooting for this energetic young man. I'm hoping he does so well with real estate that he wipes this debt out and gets his emergency fund within a year!!!!
Caleb: I don’t know why my voice sounds like this
Also Caleb: *yells in every video*
What a nice young man, I'm so glad he found Caleb to help him get out of his debt.
He’s 23. Like many of us, he will learn the hard way. I didn’t get my financial act together til I was 28/29.
29 for me which is my current age lol doing a lot better now but still find myself making some impulse purchases here and there. Been at it since January when I found these gems 💎
Yes!!!! I wasn't even working at that age!
19 for me
There is a big difference between getting by at that age and actively getting into debt where you have to spend decades getting out of it. I think the best advice is for most people in their 20s to stay away from credit cards.
@@Driver8takeabreak I think I was making less than 40,000 a year at the time and I had at least that in debt. I had a big awakening after an older relative suddenly died, and we learned that she was not the rich, dowager aunt that we thought she was. In fact, she was quite a bit in debt and the senior housing. She was living in, was no longer providing her with the services that she had once had. She was not very good at fending for herself. She borrowed money from my mother, but did not explain anything more than she was having a problem with her liquidity. she was not a spender at all. However, she was turned by a Beverly Hills stockbroker. He wied and dined her and convinced her he was doing goodbye her when, in fact he swindled.
My father made me call all her credit card companies after she died and send them her death certificates. He wanted me to see all her bills so that I might learn from her mistakes. I did.
But I already had a lot of debt, so I cut out everything just about except for the cost of my inexpensive apartment and my cost to commute and a tight tight budget. I cut cable back in the early 90s which was rare, and allowed myself to buy one burrito a week beyond what else I might make at home. I took on a second job that only paid minimum wage, but once you put your energy and focus on a goal and you adjust your actions accordingly, it is amazing what you can accomplish. It took me about a year and I paid off every debt. I was about 30 when I was able to make that happen.
If he has experience in real-estate he should get a job in property management. My friend was a realtor, 2020-2021 was great for her but 2022 wasn't. She got a job managing HOAs and makes great money. She also did property management for apartments. There's better options for the people that don't want to grind for real-estate.
Very good solid advice! I hope this guest sees your comment.
I always tell my friends to look into leasing apts! I paid off most of my debt by using all my commission checks towards debt & living off of my hourly. Truly helped me get out of a shit situation
This!! The big property management companies need managers with licenses. I worked for a couple that always sought out these folks. He’s very personable and nice, he’d be great at it.
That's great advice.
My ex got in to leasing after she was in phone sales and now she’s making over $30 an hour as a traveling leasing agent, there’s definitely good money in it especially if he has the sales skills
This guy took the quote, “Do what you love, and you’ll never work a day in your life” VERY seriously for his side job. 😊
Sadly he can donate blood/plasma for the same monthly payment...
@@austinjacobsen7689 por que no los dos lol!
@@austinjacobsen7689 How would you get that much for Plasma? Most I think you can get nowadays is like $40-50$ per donation, twice per week.
Used to get $100 per when the Covid antibodies were a thing
@@acenine8149 we get $75 flat here and on your 8th donation in a month you get a $75 bonus
@@austinjacobsen7689I did both for a bit actually lol. Bonuses on plasma dried up though, and much less comfortable than donating in a cup 😬
Very glad I found this channel, it's a steady stream of financial knowledge as well as entertainment.
The silent jump cut to the sponsor after the sperm-donor stuff gave me a chuckle. Don't know if that was intentional or not.
LMAO -- I noticed that also
Young, dumb and full of debt. We're rooting for you, J-Boy!
I see what you did here. 😂😂😂
Caleb is becoming a legend in the financial space very quickly!😎
Thanks to your support!
@@CalebHammerwe love your work and information brother. Keep it up and you gonna have 0 real estate debt by the end of the year lmao
@@doopypoopy590 Nah
@doopy poopy Therapy is most definitely not a scam lmao. You either havent gone to therapy, or you had some shit therapists.
@doopy poopy talking thru problems is the same as distracting yourself from them?
Sperm donor really through me for a loop was not expecting that lmao
when Caleb said "jizz boy," I just about died 😆
@cat's meow I did in fact die. Hello from the other side.
I thought he was going to say stripper from the way he was leading up to it.
The official job title is in fact, jizz boi
Another secret (?) male advantage.
This was a more calm episode than normal including the intense parts. I kinda liked it. I do genuinely hope your voice gets better, but also I hope it doesn’t lol.
There’s a LOT going on in this video but I’ve got to say I love his willingness and eagerness to reform to Caleb’s ways
I will say I wish Caleb congratulated him on the changes he’s made on his own already. This guy seems really excited to be there with him and I think that would help him stay on track if he got a positive response from someone he clearly admired
He’s clearly a fan and clearly bought in. He was laughing because he already knew each thing caleb was gonna see and yell at him for and each laugh was like “oh shit, it’s this one, he’s gonna let me have it!” Loved it.
@@adamseidel9780you’re not wrong at all 😂
"that's half a month off jizz boy activities" CALEB- i am in the floor 😂💀⚰️
I wonder if Caleb wants to do more audits on people who are not just underwater on all their debts
I doubt it. Doom and gloom sells. Financial literacy does not.
@@CarolinaCoalition wow meatclerk keep up the negativity
The whole point is to help people though. Those people have no reason to fly out to Austin just to be told what they’re doing is right, they already know.
I think it would be helpful to have a few people with good scores. They can show what they do, and how they balance their finances. Showing how others have done it, and can do, can also give hope to some. "If John did it, so can I"
@Ay Kay Yeah see I would score myself based on his categories like this
Spending: 7
Debt: 7
Retirement: 5
Emergency: 6
Real Estate: 0
Its hard to get an actual score though IMO if every person he brings on is a 0-2 in all categories, hard to know what an actual 10 looks like
We needed that brief moment after that third job 🤣🤣🤣
🤣🤣🤣
Wait did Caleb just say...." You're making more being a jizz boy" 😂
🤣🤣🤣🤣
When I was considering a getting takeaway for myself, and I get interrupted by "Caleb Hammer had posted a new video", I realised I have food at home and my next weekly shop is tomorrow...
I ate lunch at home and popped this video on! Go us! 😂
@@jamiehall829 Same!
I now price shop my baby carrots for my packed lunches! Me from 4 years ago would never have even looked at the price, now I track the prices at most grocery stores! Lol!
Grinding and cranking it out for his future
This has been the most reasonable person I watched since I started watching your channel. At least he was willing to listen
23:10 “Not a credit card person.” I’m surprised it took so long before Caleb said it 😂
The pressure got to me okay!! 😂
Honestly really appreciate how open these people are… makes you realizes how many people are suffering 💔
I appreciate this guys attitude! Breath of fresh air compared to all the excuses people make
Caleb love the audits.
My wife and I would love to be on the show to give your blood pressure a break.
We're a 5 or 6 on your financial score with a major cautionary tale of lifestyle inflation by contrasting our peak and lean season.
Now... if you have terrible debts it would be far easier to get you on the show.
@@jonathanbrutt
Depends where he stands on my state student loans.
25k at 3.7% interest
Swingers
Caleb, I believe this person. This is one of the people who can fix there problems I'm so excited to see how he does when he comes back.
Thank you!!! I can’t wait either 😊
Trust me I love watching Caleb yell at people for doing the wrong thing, but I’d love to see some people in their mid 20’s or early 30’s who have their life together and are higher on the Caleb score. I think the highest I’ve ever seen is like a 5 and that too was months ago (been a sub for like a year)
Thanks for more reality-checking! Please take breaks as needed. Your upload consistency is great, but nothing is worth feeling burnt out and debilitated. We ❤ YOU too, not just your content.
I loved that Lael added to the subscribe promo! Extra half point on his Hammer Score for being spontaneously helpful to the channel! 😅
I think he will be fine, he is receptive and is willing to change. He just needs a little maturity and wisdom with discipline and he will be good by the time he is 30.
He reported his card stolen to lock it because he didn't know how to cancel a recurring payment?
Crazy
Every episode I worry about Caleb’s heart rate 😅
😆
Heart rate monitor would be funny AF🤣🤣🤣🤣🤣
@@dellystinky on video!
He shud make a channel just for that lol
ME TOO😂😢
It would be interesting to see someone who's doing well financially and hear their story.
It’s about time we have a video (and thumbnail) CELEBRATING someone who is doing better after coming on the show
on a slightly related note, i HATE the gig economy, in a lot of ways it’s just a legal loophole for doordash and uber to have people working like employees without benefits. And as much as they pretend it’s a “be your own boss” venture it’s not, 1/3 of ubers drivers in seattle complete 1/2 of their rides, and in some cities they tried to incentivize full time drivers with bonuses so really they *do* need full time work, they just don’t want to pay full time benefits
Amen. I'm kinda done with the whole "hustle" culture thing and to a lesser extent the side gig grind as well.
One tends to undervalue and overwork its employees whilst the other didn't respect them in the first place so workers need to find different avenues to generate additional income.
Was listening to this in my car last night, felt slightly hungry and was about to pull into the golden arches, but then I imagined Caleb shouting at me so I turned round and carried on going.
You Control the money don't let the money control you💯
Waiting for that Caleb Hammer merch 👀❤ Love the channel and I look forward to new episodes every week!
Caleb I seriously hear your voice in my head when I spend money. Before there was no voice so thank you.
I see people’s credit reports every day and I swear all people with bad credit have something in common, either a macys, target, or kohls card
Caleb, it’s insane how much content you push out! Keep it up! It’s getting me through the work day!
I've never been this early!! Caleb, I love your videos. They motivate me so much to try and pay off debt and save for my future. Thanks for what you do!
We need someone like Caleb to do a Financial Audit on the Federal Reserve.
I don't think Caleb would survive after doing that episode. I can just hear him: PACK A LUNCH!
Bro the government can't even get inside to do that one 😂
his voice will only be audible to dogs
“And you sent HOW MUCH to Ukraine??? While you’re DROWNING in debt?”
You gotta make merch, there's so many good lines already that would work on a t-shirt. "You are not a credit card person" " Panda Express is hiring" "this wasn't a normal month"
Always a good way to start a Monday. Hammer time 🔨
Looking forward to these three times a week upload. Making my deployment fly by.
Caleb: yells at people every episode
Also Caleb: I wonder where this vocal fry is coming from?🤔
😂
Great dad energy Caleb. Keep it up.
I love when they come prepared with their credit cards ✂️😂
Your videos are my form of therapy 😌
Part of me wants to do this show but I'm no where near TX and I doubt he would say anything I don't already know. It just makes me feel more despair about the debt my father dumped on my family.
you NEED to go on :)
What KIND of debt? Some things such as medical bills, store credit or personal loans (that weren't co-signed for) die with the debtor.
He has 1:1 consultation
Seriously, it's sad about your Dad, but as far as his debt, unless it's a mortgage for a house you're living in, or some debt you helped run up that you co-signed for, you probably don't have to worry. Just get a copy of his death certificate and keep going up the chain of command. They should waive any termination fees to cancel any subscriptions or services he had when you show the certificate. You need it to put the utilities in your name anyway.
I was scrolling through trying to find a video of yours I haven't watched and then you uploaded. Perfect timing!
Caleb about to be a “wrecking ball” on this guy’s spending.
Lol!! Error 404!! This is a great episode!! Thank you for the quality content as usual Caleb!
I couldn't be more thankful that I found this channel right before I was about to take on a car loan and get a credit card
I find these videos so helpful, I'm 18 and in my last year of high school and I'm trying to learn good habits before I become financially independent and I have learned soo much
Literally just got home from work and was looking for a video from you to watch. Thanks Caleb 😂
Can we all at least have a moment of respect for how he takes the situation in hand to help his budget?
No. This dude took student loans then dropped out, financed a Tesla he couldn’t afford, has 2 Macy’s cards and 2 gym memberships, and he spends money and gas for all his side jobs.
I’d respect him if he’d have finished his degree, had one suit for all his realtor duties, worked out for free, and had applications for REAL jobs everywhere. Right now he talks a good game, just like a realtor
@@nathanchildress5596 I think Bill was making a joke about the jizz boy activities
@@kelseywhitsett3635 YES! We found the male Karen, didn't we?
@@billyoung8118 🙃
@@billyoung8118 That's not even what 'Karen' means Bill. My point was this dude is underwater beyond his monthly income, all of his jobs require money in or miles on his car, and he has no retirement. Any full time hourly job at a fixed location would be a better situation for him, his debt, his retirement, AND his car, which is an out of warranty Hyundai for pete's sake.
I think this guy is going to knock it out of the park- he seems really genuine and mature. Good luck, bro!
I'd like to see his follow-up in a few months. I honestly think he just needed Caleb to lay it all out, and yell at him a bit to get it together.
this will go down as one of the most helpful youtube channels in the game
New drinking game, take a shot everytime Caleb says 'jizz boy' 😂
I've been watching these videos for a couple weeks, and I have so much needed debt anxiety right now, so I just cut my cards too... I really don't want to die on the walmart floor.
I wanna see his finances with 25 kids on child support 😂
LOL. I was looking for this comment.
He would be living under a bridge lol pretty sure when you donate you don't have any parental duties though
No child support when you donate via banks.
Shit I’m wondering if he can claim em all as dependents
That’s not how that works lol
You really helped turn my life around man, I want to thank you. I got a new job and Im paying off some medical debt more efficiently as well as planning my money better. Saving money and eating out much less as well as spending less and noticing my bad spending habits overall. Thank you so much
Caleb calling him “jizz boy” has me weak!!
Hey caleb, i just find you. My motivations was a bit down. My debt was 37000, know in am at 18300. I am bit tired. But i keep going. 1 year. People keep going. You can make it
I remember him! he’s actually a good realtor . I hope he gets it together though
I actually think he can pull this recovery off! Good luck bro!
Can you do financial audits on people who are doing good with their finances as well?
He does
The average American is bad with money. People who are good with money are generally the minority.
I just know yelling at the last girl fried this man's voice
I recommend looking into bartending/serving for a flexible part time job. I bartend weekends at a nightclub and bring in an extra 45-60k a year and I work 8-12 hrs a week only
As entertaining as the dumpster fire is, I feel like having some less disastrous guests with actual goals and some progress towards them may be a bit more relevant to the audience. Couples would be great too. So much blame gets tossed around here and it would be good to get the other side of the story. I'll volunteer 🙋♂️
I knew the moment he made rocket science out of just saying he’s a realtor that this is going to be a good episode 😂
Id like to say that I’ve paid off the Macys credit card completely, and will be paying off $3000 towards the Discover card this month 😌
I love catching your uploads. I wish I had someone kicking me in the ass for my spending and lack of savings in my early to mid twenties. Keep it up!
There are a bunch of good shows (if you’re a cord cutter) on Paramount+. I agree with one of your other commenters. It would be nice to see more varied interviewees. How about some of us with money??? How do we manage it? How about some older folks with debt (might inspire younger folks to get real about spending)? Love watching your interviews but need a bit more variety.
Tubi has tons of free content
Caleb uploads and I click, I'm a simple man.
If he listens and educates himself...he's young enough that he could turn it around
Seems like he already has, just has to keep the real estate business growing and he’s on the right path. He seems talented enough to thrive.
I’m just glad he’s somewhat self aware
Watching him cut those cards was like watching a young hunter get his first kill. Hope you have a good season.
Caleb with a straight face: "You're bringing home more being a jizz boy than door dash"
Happy Monday to everyone here to watch the Hammering
Caleb's voice is frying because of all the screaming he's been doing. He's the punk singer of financial advice.
The placement of the paid sponsorship ad after he said his 3rd line of income made me LOL.
The way this man spoke, I couldn’t help but picture Bartise from Love is Blind 😂
Same!!!
My favorite thing about this audit is randomly hearing Caleb say Jizz Boi and forgetting that this guy mentioned that he's a regular sperm donor, so I'm just shocked Pikachu face throughout the duration of this episode. 🤣