More drama from her wild dad AND we do the 1 chip challenge (suffer) in today's Financial Audit Post Show: ua-cam.com/channels/Le_q9axMaeTbjN0hy1Z9xA.htmljoin Use code HAMMER50 to get 50% OFF your first Factor box plus 20% off your next month of orders at bit.ly/4cx7q74
When they don’t know what their Apple subscriptions are have them pull up their iCloud click on subscriptions and it’ll show you everything directly linked
“You’re trying to help my daughter’s finances? I don’t know who you are, I don’t know what you want, but I have a particular set of skills and I will find you”
I do understand fear of having a random guy on the internet look at your child's finances for free when you don't understand it definitely sounds like a scam to steal people's identities.
I understand the dad's distrust, really. But I think it's mostly because learning that his daughter traveled to another city and is seeing a financial auditor for free and is getting reimbursed really doesn't sound believable if you think about it. Odds are he wouldn't have reacted that way if she had told her parents.
Caleb has no financial license in... anything.. so yeah, I fuly understand the dad here. Also, I feel like Caleb and cofucked up the math. She's 1.2k over for how long, exactly? If she only got one payment, ONCE, that makes zero fucking sense. Like the dad said they aren't sending money every month. Also hi Caleb, go eat a bag of Oreos and cry.
@@E_Legal_Alien I'm a dad. I have a dad. I never understood why he hovered even when I'm an adult but having a kid of my own, I kind aget now that my dad was always concerned. Dads don't just lose their sense of responsibility for you just because you grow up on a specific birthday. Granted, not every dad handles those feelings the right way but understandable and acceptable are two different things. And I understand this dad.
The dad with a pretty honest response in the modern world. For every Caleb there are 100 Indian guys telling grandma she needs to take out 6k in Walmart gift cards and read the information over the phone to them.
At least he's educated on these scams. I have a cyber degree and the amount of scams that target people who aren't tech savvy is absolutely insane. It's quite disgusting tbh. Also it's not even just tech scams? In general the elderly are a lot more likely to be scammed for a TON of reasons compared to a younger person: less knowledgeable, less of a social network to tell them it's a bad idea, possible dementia type issues with no one to care for them, etc. It's really sad and anyone who takes advantage of someone like that is pathetic and deserves every bit of bad karma that comes their way. So this guy overreacted FROM OUR POINT OF VIEW, because we've seen the show, we know he's legit, we know he doesn't even use his guests real names, but her dad? He doesn't know that. He just hears "internet guy I gave all my financial statements to" and considering he sounds somewhat educated about those possibilities he reacted in a...kind of normal way. Better than having a dad asking you for $700 because he just learned he's the cousin of a wealthy Nigerian prince who just needs $700 so he can move the $2 million into your "account of the Americans."
My sister is the most financially literate in my family. She does logistic for a big plane company. For my birthday this week, I asked her to play Caleb Hammer and financially audit me. I’m ready to be called an idiot but I’m more ready to get my shit together.
Please, don't hate me: In my office we call Caleb "el gordito del dinero" (the money chubby in Spanish), in an affectionate way... I just announced that "the money chubby hour is on" and put the show on the big screen. Although we are not in the United States, many of your tips have helped us be smarter with our money.
Lol, the way the daughter introduced Caled to the dad in the worst and most suspicious way. She's all the way in Austin, and said "I found this guy online"
+ “we’re paying her” + “we’re filming a show for the internet” oh yes. Super sus. p certain papa y tio Manolo were in the truck and on the way 20 minutes later
Caleb is right rich folks on marketplace don't price their stuff to make money, they price it to get rid of it. I got a full 5 piece bedroom suite in SOLID OAK for $500. They even threw in the brand new adjustable base and brand new mattress in for free. They legit just didn't want to pay movers to move it to their new house and just wanted it gone. This furniture likely cost $15k+ brand new.
Yep, I’m not rich and I set a low price on the stuff I don’t need anymore just to cut off people looking for free stuff cause they are extremely unreliable and waste my time
I know a newlywed couple living in NY City who joined an online marketplace community in a wealthy area in Connecticut just so they could furnish their apartment with really nice furniture offered for a fraction of the showroom price. The posh Connecticut wives: "Silly me, I furnished our living area with these new custom sofas and lounge chairs, but now I realize it's just not the look I want. Please, somebody come take it away for $200!". 😅
@@alberttang6955 I’m renting cheaply in a super posh area in NYC suburbs (probably not far from that Connecticut town lol) and Buy nothing group is insane. Like, please take my antique furniture I bought in Paris and an entire playground I had in the backyard… lol
the fact that it took her so long to actually understand that caleb was asking her for a hard number on how much she spent in one month means we're in for a wild ride
the frustrating thing about this show is that it’s just regular people and not professionals so they don’t have the best communication skills. the amount of guests that come on and talk circles is so frustrating like BABE GET TO THE POINT
@@erick3755 I don’t remember shit from high school lol. Most kids are there to check the box and it would be a non factor. There really is no excuse for this ignorance anyways when we have devices in our pockets that literally give us the answers to the test.
My exh would make an amazing episode. Bought a new $80,000 truck and got upgrades on it but says there is no money to pay his share of our son’s class trip or our daughter’s Girl Scout camp.
If they think their daughter is living paycheck to paycheck, with almost 10k in debt, the 401(k) wouldn't earn interest fast enough to overcome the 30% credit debt interest, it does make sense to eliminate the debt, and start contributing back to retirement after. Now, if they have access to view their account, see the bs spending, and allow her to rely on them for bailout, then yes, they are not teaching financial responsibility and have neutered her retirement by letting her withdraw the 401(k) contributions. Just playing devil's advocate
@lyriasong3717 it would be good advice if she wasn't lying to them about her putting everything on credit cards. She's doing all the good purchases on the debit card because she knows they will look and put the bad ones on the CC. so mom and dad think she's trying to payoff the debt and blaming the interest and not her continual purchases.
@@lyriasong3717I just closed my 401k for that exact reason. I have 3500 on a credit card from when inflation took off and I wasn't making enough to cover bills anymore. I got a higher paying job so bills are covered, but I could only pay $150 a month on the credit card with $100 interest. I pulled my 401k, it'll pay off the credit card and most the remaining balance on my car, then I'll have an extra $335 a month to put into savings. Worth it in my case.
Garage sale in a rich neighborhood is where it's at. Got a two piece sectional, a rug, and a coffee table for $300. All only 6 months old. I cleaned it with my steamer and the water was nearly clear on the first pass. There's a positive secondhand furniture story for you. I highly suggest investing in an upholstery steamer if you're wary of secondhand furniture.
My parents would help out a lot during college, but their rule for all the kids is once you get a pet your on your own because you’re saying you’re not only stable enough to take care of your self, but also another life.
And why get a dog at 24? That’s a time in your life you’re probably going to be moving every 12 months, going out, traveling, trying to find yourself and figure out how to adult. Seems like terrible timing for a dog much less two
As long as mommy and daddy are in the background to pick up the check and her only responsibility is to just hand over a card so she can continue playing at adulting, she will continue to delude herself. They don't make her responsible, so no surprise, she's not responsible.
@@churrosquirrel Depends how you want to look at it. Median urban rent has gone up 3.36x from 1985 to mid-2022. Median household income is up 3.16x in that same time. So 6% more expensive over 37 years. (2022 is the most recent year that household income data is published.)
Caleb, Even though you always have negative things to say about kids, you are SUCH a DAD! These conversations about wants VS needs crack me up every single time.
I think the most shocking part is that she thinks she's living independently when her parents are paying a quarter of her paycheck, and she can't even cook for herself. Like, what exactly do you think that word means?
I think its because they see their parents helping as something the parents *want* to do instead of something the parents *have* to do. There's a large amount of parents who feel responsible and instead of actually teaching them they just fix the problem
I can't fault her dad. He's looking out for his daughter and if you don't know who Caleb is, saying "I trust this person on the internet" should raise some big alarm bells.
She’s an adult! Gotta trust her to make her own informed decisions and allow her to make her own mistakes. How will she ever stop relying on daddy if she isn’t on her own?
@@christinak4082 Yes but, the other side to that is that they are adults making childish choices which is ultimately why they're on Caleb's show in the first place.
Guarantee you this is the "friend" everyone calls for a free meal or when theyre broke, but still want to hit up the bar. Shes oblivious to how they're using her. 😮
After watching for a few months, i have tracked every cent I have spent so far this month, opened up a HYSA, and am aggressively putting money into stocks. you're the man, caleb
If you just started doing this, then I wouldn't go so aggressive on the stocks, as individual stocks is considered high risk investments which should be done only after you have a solid foundation for your future. Instead you should put that money in a solid ETF, and once you think you have put enough money there that you could comfortably retire ( as a conservative projection at the standard retiring age) then you can start putting your money into higher risk products like individual stocks. This is to protect you against a stock suddenly doing poorly and you losing all your investments and end up without anything to fall back on.
I understand the dad's frustration. Saying you're getting a financial audit in another city for free sounds very sketchy without context. Not to mention, he helps his daughter by consistently monitoring her bank account and depositing money to avoid overdrafts... Yet she chooses to talk to a stranger on UA-cam about her finances rather than being candid with someone who views her bank account regularly and helps her way more than he should. Sounds like the dad has his stuff together and could help her out if she'd have a conversation with him.
Her parents do nothing but enable her. She doesn’t know what it’s like to have to pick between rent and groceries for the month. She doesn’t know what it’s like to have to pick between cold water and sleep for dinner.
Onward to fully-funded emergency fund? Vehicle loan pay-off? What’s next? (I’m excited for you!)
5 місяців тому+222
Coming from a Latino family, my dad would’ve reacted the same. At 24 I would’ve been terrified to make that kind of call, so kudos to her!!! I’m honestly glad the dad was more angry about her going for an audit than her being irresponsible with the money they loaned.
This is definitely cultural. She should have spoken to her parents and shown them videos etc and explain that she wants to get help. The dad might have even been willing to go with her to see that everything was legit without knowing a lot of the context for the show.
Coming from a wyte family, my dad would've reacted the same way. Ethnicity has absolutely nothing to do with his reaction.. any parent who cares would've reacted the same way
It comes out at 11am eastern every time, why do you keep needing to refresh. I get once or twice but being a fiend makes no sense. Just wait til the clock on ur phone turns 11, i’m confused
Honestly, the way she laid it all out on the phone to her dad was super respectable. I don’t know if I could have done it. And her dad’s response was very measured too when he was just speaking to her.
There is stigma around it and people sometimes act like you're mooching of the government even tho u pay taxes for that sort of thing , and like I guarantee there's so much more going to Imperialism that it trumps those services money wise. People don't think about how much money is actually allocated to these services, and if you were born here, work here, etc, if you fall on hard times, you deserve to have help if you're truly trying. I feel like there is such a bad rap for people who get gov assistance cayse there's a stigma of welfare moms and stuff even tho that's such a small portion of people who actually get those services...
@@ghoulishtoad exactly. My brother in law was laid off and running out of severance so I had to have a long talk with him about why unemployment exists. His inner circle made it seem like unemployment was admitting defeat when you’re the breadwinner of the house.
Had a friend who never wanted to take anything from the gov because he thought taxation was theft and he didn't want to be complicit. Some people are just weird
I don't know the numbers, but it feels like at least 25% of people on the show talk about how they've been scammed, and your daughter without telling you drove to another state to take part in a "free" financial audit which you learn about while you're at work (while also figuring out that your daughter isn't being responsible for their finances). I can see why someone would want to try and assert some protection for their daughter. Not saying he was right, but in my opinion understandable.
@@j.asmrgaming1228 Maybe, but my son, 24, doesn't feel a need to tell me everywhere he goes. I trust him to let me know if he needs me. I just sent him Calebs investment program to help him out.
✅Can’t answer a direct question without an excuse ✅Supported by parents financially ✅Overspends monthly on BS taquitos ✅Withdrew 401k with penalties to support lifestyle ✅Personal loan to consolidate consumer credit and then runs up balances again Financial Audit BINGO! And only 25 mins into the video 😂😂😂
i get so annoyed when these young people act so proud of being independent when some of us are ACTUALLY financially independent and don’t have these same stupid problems
They wouldn't know independence if it hit them in the face. I lived with a roommate and shit ton saved with no debt and only now moved out to be fully independent cuz my new income affords me that luxury. I can afford the lifestyle inflation. They can't. These people never encountered the word "delayed gratification " and unfortunately parents play a huge role on top of our shot education system for why so many people are financially illiterate. Society being bad w money is bad for us all, so Caleb's contribution helps society and the net positive is appreciated. I was a financial coach and after 2 years I ditched. Even listening to Caleb's show occasionally pisses me off. No accountability. Blaming it on income when it's all their fault. Drives me mad. Thanks Caleb, ur stronger than me 😅cuz I got sick of this.
@VioletIsBulletproof Absolutely. Your entire comment is spot on. I've said this for a long time, finances needs to be a mandatory class in all high schools across the states. Opposed to the other pointless bullsh1t.
I paid off my student loans and my car in the middle of the pandemic, making $15/hr and paying $800/mo in rent. It took a lot for me to save up over 10k and be debt free, but it's helped me survive some serious emergencies over the past few months without taking on any additional debt.
She reminds me so much of myself at that age... The justifications, the thinking you are waaay more independent than you are, stupid spending for eating out... But it was such an brave step to come to the show AND speak to her dad, even tho she was scared! I think she will be in a great place a couple of years from now. If you're reading this, there are people rooting for you and excited what's ahead regarding your financial future ❤
That's pretty good. I had 10k in my late 20s and now close to 200k at almost 33. My point is, when you are that young 18-25 you are not thinking about saving for retirement.
I’m on team dad here. If my kid told me he was with someone he found online showing him all his banking info I’d lose my shit and go physically stop him.
Dude same!! I paid 9k in cc debt, 11k to pay off my car early and now I have 14k in a HYSA almost have the full 6 months E fund! Just 1k more left with my next paycheck! (Moved back with parents in order to do this) I started watching this show last March and realized my situation was pretty bad. Keep it up man! You're doing amazing!!
@LordKarato I did the same exact thing. Once I calculated how much interest I was paying to the cc companies, I felt so stupid. After making my first few significant payments towards them, I felt energized watching the balance drop. Now I just have my few subscriptions setup to the cards and have them set to autopay. My bank also does a round up thing where they take the remaining change for each debit purchase and put it in a separate account earning 10.5%, so I only use debit. I even square off my gas purchases to the .01 cent to get .99 cents into the account. If I can do it, anyone can.
Retirement service worker here: most companies will let people who withdrawal funds from their 401k reverse that distribution back into their account. DONT CASH THAT CHECK. you will probably have to take a fee to do that but please don't cash that check girl. though she did close the account but maybe the can reopen it or at least start a roth ira for you
Caleb: Why did you waste money on these luxuries? Not creditcard person: Because I wanted to. It is much easier. I don't like hard things. I like the taste. I like the experience. I don't want to learn to cook. I want an expensive car. I want a house that is close to bars. Because I wanted things that people normally have to save 10 years for.
@@Anngrl69 Honestly, I think it's more that they are convinced their parents had it so much better ("College was $5, Mansions were $10k, Burger flippers could afford to raise two families!") Mostly because other people their age lie to them about how easy their parents had it. And as such they feel entitled to have their parents subsidize their living for ever. I see so many infographic/meme images on Facebook about how it's the older generation's fault the younger generation isn't living to the standard they expect.
My parents are immigrants, my parents would respond exactly the same way cause they don't know anything about the internet. It's harsh but a lot of it is tough love/fear/over-protectiveness lol. In my mid twenties and my parents constantly want to know where I am and what I'm doing, to the point that oftentimes its better (in my own experience only!!) to not let them know until something is completed and/or works out.
If anyone has changed their finances since watching Caleb should go on and show past balances and behaviors and then show current. I think Caleb needs to see how he’s actually helping the majority of us
@@maureenviola Honestly, sometimes I don't understand Caleb's questions either, and he doesn't really rephrase them, so people are not going to understand if he keeps saying them the same way over and over again. It took me a while to understand what he meant by "how are you going to take advantage of credit" or something along those lines (partially because I'm not American, and we don't have credit score, but still) 😂
@@anagodinho3993 I agree. Between not everyone's 1st language being English, not knowing 'personal finance speak', and being filmed knowing your friends and family and hundreds of thousands will be watching... Not understanding a question seems very reasonable. I think Caleb just gets heated for the lols. "What went out? What went out? What went out?" 😂😂
When the dad is like “it looks like you have money” she should have said yes my purchases go onto my almost maxed out credit cards that’s why you don’t see it
That would be taking full responsibility and she's not ready for it. If she told the truth then she would be paying late fees and overdraft fees every month.
Well it sounds like they're going to look more closely now - nice to hear her dad immediately think where are you hiding everything, it was moms idea to help her - so now at least they can see her whole lifestyle is off
I've been watching your videos with my SO and we were able to have an open conversation about our finances. We settled down and figured out just how much our BS spending was, and after a month of cutting back we had saved about $1,000. Keep sharing these stories and make people realize that we could retire.
I live in Australia so don’t usually get here this early but having a newborn means I can watch as soon as the ep is uploaded. My husband and I have Caleb’s voice in the back of our minds whenever we go to spend on BS. My husband even does a good “YOU DON’T NEED IT” in Caleb’s voice.
I don’t know if this is true in other states but in Washington there’s no sales tax on groceries but restaurant food is taxed just like consumer goods - over 10% just going to the government
10:25 parents are giving her 1k a month and shes still underwater by 1500 no wonder daddy gets pissy when he gets called out. Someone is in big trouble after this.
Pulling out your 401k early is crazy, pulling out your 401k and having your parents think that is a good idea at 19 years old is next level. Gonna have your daughter treating her retirement like a line of credit.
If she had $10,000 in her 401K at the age of 24, and she withdrew it 40 years later at the age of 64, it could be worth $700,000. I’m not even BSing those numbers. $10,000 in the US stock market in 1984 would be worth $690,000 today without putting in a single cent. 11% average annual growth for forty years.
I am obsessed with these and got my husband addicted to them too 😂 we started budgeting and really looking at our finances since watching. He always says we want to make Caleb proud if he ever looked at our financial situation 😅
I was so proud to see how genuine she was when she calls her dad to tell him but then you can hear the exact moment she switches from being genuine and vulnerable to inflating her ego by trying to downplay how much money she is given 🤦♂️so close yet so far
Lol I really went above and beyond for my dad's father's day gift this year. But it didn't cost 600, and my brother and I have money. If my dad said he wanted a 600 dollar gift I'd have told him to go away
"all the money is convenient and I want to treat myself that's why I spend the money" "Yes but you can't afford to spend all this money, what's more important, your wants or your finances?" "yea but i want to and its so convenient" Just repeat that 40 times and that's the episode.
Caleb thanks for hounding a budget! I find YNAB to be most helpful on their manual setting. Everytim I take out my card to pay for something I also take my phone out and add it to my budget. Really helps me manage my spending as I see my budget updated with money left, categories, and days left to paycheck. So helpful. The only thing that has worked for me. I’m in the green solidly every month
I might not be the best at money management for myself but I’m so glad someone told me the importance of a retirement. Started at 21 and now I’m 27 and up to 40k. Never touch it till you actually can people!
I let around 5K sit in collections for a few years with no motivation to do anything about it. A couple months later and I have paid off the small accounts and now am just a few months away from finishing the last bit of debt. It doesn’t happen overnight and it’s going to feel worse before it feels better because that’s the situation a lot of us put ourselves in. But it’s worth it, thank you Caleb!!
Debt settlement is always a good route on accounts that went to collections. They'll settle for pennies on the dollar. The only downside is the 1099c for any debt forgiven over $600
@@personanongrata... this is incorrect. After paying off individual collection accounts and reporting the paid off balances back to credit agencies it increased my score by 5-15 points each time one was removed. A healthy credit score requires low utilization and good payback % on bills. Collections factors into credit score. Hope this helps!!
I didn't have much furniture when i bought my house. My mattress was on the floor for almost a year before i purchased a headboard and frame set. Shoot i didn't even get internet the first year either. Managed just fine. A lot of things we "need" are just wants.
She is a child that wants to be close to friends and downtown so they can go out to eat and bars all the time, and rely on her parents to pick up the slack for her horrible choices!
If you spend more to live in a "walk-able" area near your job, you don't need a car. We did it for years; inner-city car insurance was ridiculous and we sometimes couldn't park within 3 blocks of our house so we gave up the car. We rented a car for a weekend once every month or two to visit my parents and do a big shopping trip.
It's true I'm glad to live in Oregon it has one of the best public transportation especially in Portland, the MAX is amazing even if people on it are sometimes crazy,😂 but that's any place in America, just don't acknowledge them and you're fine. It sucks tho for the majority in America cause most cities aren't like Portland, where there's a MAX or bus stop every few or so blocks and bleed into the nearby sister cities. So you kinda have to have a car or get Uber or you're fucked. It's a lose lose situation cause you need the car to make money but you need money to get the car
I just wish more people in their local elections vote for putting more funds into those transportation services, and destigmatize them, cause people act like taking the bus is degrading or bad in general. I think that is a stigma started by car companies tbh 😂😂
Been about 4 months since I started watching these and I'm rolling towards being financially stable and I was actually able to go over my spouse's grandparents today because they heard what I had been saying about finances and wanted the help. A lot of pride that we had to break through but things are looking up! Thank you Caleb, for caring in your own unique way, and for providing us with these audits. Once I can afford it, I'll be joining the patreon, but not before!
This woman is $1500 in the red every month and has TWO dogs?? And refuses to do something as simple as…make tea/coffee at home???? And refuses to cook!!! She doesn’t deserve help
Reminds of these young people who retire at 37 because they did side hustles. Also their granddad was on the board of Coca Cola for 7 years and thus his family could pay for his college so they got a great job and then their grandpa left them a trust with 1.3m in Coca Cola stock.
you should make a series called Financial Father or Finance Father where you teach basic financial advice for upcoming adults that were never taught that info by schools or parents. idk that’s just a silly name i thought of but you can name it anything. i feel like it just be nice to have a series where you sit down and give young people advice every week or so, not talking to any specific person but just to the audience
i just feel like school doesn’t properly teach well about student loans, or credit cards, or much stuff like that. only one financial credit was required to graduate and at my school the class was half a semester. the teacher was also one of the chill ones that basically rushed through all the work and gave us the answers instead of finding ways to help us learn ourselves
@@thebosshouse i’m new to his channel so i’m not sure what content he alr posts. i was just thinking he could create a new one or revamp it to teach younger adults that have yet to dive into this type of stuff. i’m 19 living on my own but have yet to apply for college or credit cards because i’m scared and have no idea what i’m doing.
People hating on the dad are literally children or idiots. It does sound like a scam. FREE finicial audit where you get reimbursed for youtube. Tell me that doesnt sound sketchy lmao.
11am crew clocking in. So far I’m $867 under my budget for the year (my budget includes saving $15,500 from my salary) thanks for the content and inspiration Caleb!
@@Spacecadet3890 right but it sounds like she was making decent money at that job and at that time there was an extra $600 a week on top of normal benefits. She could have spent the time applying for much higher paying jobs and would have been safer at home.
Can you include a small 1-minute segment in each show where you cut away from the guest to provide a little educational snippet related to the guest's situation? Example: How do you end up with a credit card with crazy interest and not even know? One way is that the credit card companies start you with a low interest rate, but the fine details state that if you miss one payment, the rate can automatically increase to like 27%. Your credit card could have crazy interest without you even knowing! Check your statement. Another example: When you're buying a car, companies will have you focus on the monthly payment instead of how much you're paying for the car. That's how they make money and you become a car slave. (and then show an example of a monthly payment on 7 years and high interest versus slightly higher monthly payment on 3 years and low interest)
More drama from her wild dad AND we do the 1 chip challenge (suffer) in today's Financial Audit Post Show: ua-cam.com/channels/Le_q9axMaeTbjN0hy1Z9xA.htmljoin
Use code HAMMER50 to get 50% OFF your first Factor box plus 20% off your next month of orders at bit.ly/4cx7q74
When they don’t know what their Apple subscriptions are have them pull up their iCloud click on subscriptions and it’ll show you everything directly linked
Saying "I met this guy online and I trust him" with zero added context is about the worst possible thing she could've said in that moment
I think we all can tell based on her decision making and her ability to not answer Caleb’s questions that she isn’t the brightest of the bunch…
Again she did not inform her parents!
@@evelynromero5347her parents told her to pull her retirement 💀instead of addressing her crazy spending issues.
@@YumDexI’m assuming the guy was talking about not telling the parents about going on a show where everything personal will be uncovered
Even so, the dad is incredibly ignorant
“You’re trying to help my daughter’s finances? I don’t know who you are, I don’t know what you want, but I have a particular set of skills and I will find you”
I have a very particular set of skills. Patience is not one of them.
I do understand fear of having a random guy on the internet look at your child's finances for free when you don't understand it definitely sounds like a scam to steal people's identities.
@@majormushushe's a grown adult
She probably should have told her parents. Maybe he wouldn't have reacted that way if he knew ahead of time. She seems dishonest. @majormushu
@@dinkywinky2860 and that means she can't get scammed? You're obviously not a parent if you think care for your child ends when they hit 18.
I understand the dad's distrust, really. But I think it's mostly because learning that his daughter traveled to another city and is seeing a financial auditor for free and is getting reimbursed really doesn't sound believable if you think about it.
Odds are he wouldn't have reacted that way if she had told her parents.
Nah if he told her he would have forbade her from going on the first place
Caleb has no financial license in... anything.. so yeah, I fuly understand the dad here. Also, I feel like Caleb and cofucked up the math. She's 1.2k over for how long, exactly? If she only got one payment, ONCE, that makes zero fucking sense. Like the dad said they aren't sending money every month.
Also hi Caleb, go eat a bag of Oreos and cry.
She's an adult.
@@E_Legal_Alien I'm a dad. I have a dad. I never understood why he hovered even when I'm an adult but having a kid of my own, I kind aget now that my dad was always concerned.
Dads don't just lose their sense of responsibility for you just because you grow up on a specific birthday.
Granted, not every dad handles those feelings the right way but understandable and acceptable are two different things. And I understand this dad.
@@eraser1324 Maybe. But we'll never know since that isn't what happened.
The dad with a pretty honest response in the modern world. For every Caleb there are 100 Indian guys telling grandma she needs to take out 6k in Walmart gift cards and read the information over the phone to them.
Probably thought his daughter was being $ex trafficked and they need ransom money from him. I wouldn’t want to get a call like that either 😂
Fr, her dad was STRESSED.
more like for 1 caleb 10,000 indian scammers
I felt bad for the dad
At least he's educated on these scams.
I have a cyber degree and the amount of scams that target people who aren't tech savvy is absolutely insane. It's quite disgusting tbh.
Also it's not even just tech scams? In general the elderly are a lot more likely to be scammed for a TON of reasons compared to a younger person: less knowledgeable, less of a social network to tell them it's a bad idea, possible dementia type issues with no one to care for them, etc.
It's really sad and anyone who takes advantage of someone like that is pathetic and deserves every bit of bad karma that comes their way.
So this guy overreacted FROM OUR POINT OF VIEW, because we've seen the show, we know he's legit, we know he doesn't even use his guests real names, but her dad? He doesn't know that. He just hears "internet guy I gave all my financial statements to" and considering he sounds somewhat educated about those possibilities he reacted in a...kind of normal way.
Better than having a dad asking you for $700 because he just learned he's the cousin of a wealthy Nigerian prince who just needs $700 so he can move the $2 million into your "account of the Americans."
My sister is the most financially literate in my family. She does logistic for a big plane company. For my birthday this week, I asked her to play Caleb Hammer and financially audit me. I’m ready to be called an idiot but I’m more ready to get my shit together.
i hope that was good for you. The fact that you humbled yourself and asked for help is a good start. I hope the last 2 months have been good for you.
How was it?
I’m so proud of you for asking for help and I love this whole situation lol it’s been five months.. Any update??
Please, don't hate me: In my office we call Caleb "el gordito del dinero" (the money chubby in Spanish),
in an affectionate way... I just announced that "the money chubby hour is on" and put the show on the big screen. Although we are not in the United States, many of your tips have helped us be smarter with our money.
Anymore your boss is fine with everyone watching It in the office? 😂
Muy bueno!
This is hularious
I love this hahaha!
That reminded me of my Cuban mother talking about Laurel and Hardy movies she saw in Cuba. She always called them el gordo y el flaco. Poor Caleb!
Lol, the way the daughter introduced Caled to the dad in the worst and most suspicious way. She's all the way in Austin, and said "I found this guy online"
Right lol, I was like oh my god, this isn't gonna go well 😅
+ “we’re paying her”
+ “we’re filming a show for the internet”
oh yes. Super sus.
p certain papa y tio Manolo were in the truck and on the way 20 minutes later
I honestly feel like she did that on purpose. She instinctually defaults to portraying herself as a victim
Also, he sounds....Iranian(?).
@AnalyticalMenace that is absolutely not an iranian accent. Also if that was an Iranian Dad he'd be crying.
Caleb is right rich folks on marketplace don't price their stuff to make money, they price it to get rid of it. I got a full 5 piece bedroom suite in SOLID OAK for $500. They even threw in the brand new adjustable base and brand new mattress in for free. They legit just didn't want to pay movers to move it to their new house and just wanted it gone. This furniture likely cost $15k+ brand new.
I'm not even rich and when I'm done with something I sell it as quickly as possible.
Yep, I’m not rich and I set a low price on the stuff I don’t need anymore just to cut off people looking for free stuff cause they are extremely unreliable and waste my time
I know a newlywed couple living in NY City who joined an online marketplace community in a wealthy area in Connecticut just so they could furnish their apartment with really nice furniture offered for a fraction of the showroom price. The posh Connecticut wives: "Silly me, I furnished our living area with these new custom sofas and lounge chairs, but now I realize it's just not the look I want. Please, somebody come take it away for $200!". 😅
@@alberttang6955 I’m renting cheaply in a super posh area in NYC suburbs (probably not far from that Connecticut town lol) and Buy nothing group is insane. Like, please take my antique furniture I bought in Paris and an entire playground I had in the backyard… lol
I've bought both of my skateboards off of marketplace. Both were in pristine condition. Rich kids getting whatever they want and being scared of it.
I CAN'T STAND when people say "I paid off that card" when they DIDN'T. Getting a loan to pay off a card is NOT PAYING OFF A CARD
99 percent of Caleb’s guests: I want help getting out of debt but I’m not willing to change anything I’m doing. 🙄
How can I get out of debt without sacrificing any of the luxuries I spend on
For real man, "cooking is more expensive in my opinion" she says while eating out every single day of the month. WHAT??
😂😂😂😂😂😂
@@davidbecquer3624she couldn't even be bothered to learn to cook.
That’s everyone I swear life so hard I want good life but don’t want work for it change 😮
I respect her so much for calling and doing all of that on camera. NOT EASY and takes a lot of courage.
And unlike the rest of the video she was actually honest and wasn't making excuses.
the fact that it took her so long to actually understand that caleb was asking her for a hard number on how much she spent in one month means we're in for a wild ride
the frustrating thing about this show is that it’s just regular people and not professionals so they don’t have the best communication skills. the amount of guests that come on and talk circles is so frustrating like BABE GET TO THE POINT
And he just keeps shouting the same thing over and over instead of correctly asking how much do you spend.
it just means that Caleb doesn't rephrase questions.
going to hope it’s bc of the hearing aids 🤦🏽♀️
He should have reworded it instead of just shouting it over and over
Saying you had a card paid off… but you used a bank loan… is not you paying it off.
Paying debt with debt. Our inability to educate young people about finances is incredibly sad.
@@FirinMahLazer1it’s done on purpose in the school systems
@@smokeytaboono it’s not 😂. This is their parents fault, not the school systems fault.
@@NerdyOutdoorVeteranits both. It makes no sense that we do not have a mandatory financial basics class in every high school.
@@erick3755 I don’t remember shit from high school lol. Most kids are there to check the box and it would be a non factor. There really is no excuse for this ignorance anyways when we have devices in our pockets that literally give us the answers to the test.
How can she be a business major???
Hearing Caleb imitate a church choir was worth this entire episode. 😂
Lmaooo😂
Agreed😂😂😂
She was SO BRAVE to call her dad !!! I totally didn't expect that. Great first step!!!
All for Caleb’s click bait
"you're messing with the wrong person" NOOOOO, YOU'RE MESSING WITH THE HAMMER
😂
THE TRUE TEXAS HAMMER!
🤣🤣🤣
Move over, Jim Adler
@@lloydrichey5888 Came here to say the same thing 😂
I need to sign my stupid ass sister up for this show so badly.
I need to sign up my in-laws 😵💫
My whole damn family
I think the same thing about my dad but he's too hard-headed
need to sign up most americans
My exh would make an amazing episode. Bought a new $80,000 truck and got upgrades on it but says there is no money to pay his share of our son’s class trip or our daughter’s Girl Scout camp.
Convenience isn't free. She is learning this the hard way.
Agreed. People think they deserve convenience, but the truth is, you have to pay for it.
A ton of broke people are in debt for convenience and say “my time is money”. Muhfugga your time isn’t worth jack shit cause you have NO MONEY.
It’s cause she eats a lot to be honest. The is the problem with the bigger guests. It’s hard to put down the card when paying for food
@@hawkeye3938I'm embarrassed by how much I spent on Uber Eats at the end of the pandemic. All I got for it was sleep apnea and prediabetes
Her parents are financially dumb if they think closing her retirement account was a good idea. Horrible example of parenting.
They're probably one of those folks who assumes 401ks are a scam.🙄
If they think their daughter is living paycheck to paycheck, with almost 10k in debt, the 401(k) wouldn't earn interest fast enough to overcome the 30% credit debt interest, it does make sense to eliminate the debt, and start contributing back to retirement after.
Now, if they have access to view their account, see the bs spending, and allow her to rely on them for bailout, then yes, they are not teaching financial responsibility and have neutered her retirement by letting her withdraw the 401(k) contributions.
Just playing devil's advocate
@lyriasong3717 it would be good advice if she wasn't lying to them about her putting everything on credit cards. She's doing all the good purchases on the debit card because she knows they will look and put the bad ones on the CC. so mom and dad think she's trying to payoff the debt and blaming the interest and not her continual purchases.
@@lyriasong3717 I agree. But do they know how much capital gains and what the fees are for cashing out early.. I don't feel like they thought of this
@@lyriasong3717I just closed my 401k for that exact reason. I have 3500 on a credit card from when inflation took off and I wasn't making enough to cover bills anymore. I got a higher paying job so bills are covered, but I could only pay $150 a month on the credit card with $100 interest. I pulled my 401k, it'll pay off the credit card and most the remaining balance on my car, then I'll have an extra $335 a month to put into savings. Worth it in my case.
Garage sale in a rich neighborhood is where it's at. Got a two piece sectional, a rug, and a coffee table for $300. All only 6 months old. I cleaned it with my steamer and the water was nearly clear on the first pass. There's a positive secondhand furniture story for you.
I highly suggest investing in an upholstery steamer if you're wary of secondhand furniture.
Definitely
I’m not even 10 minutes in and already getting so much satisfaction from Caleb calling her out on her bs that I don’t even need coffee today
That's intense. 😅
But she is refuting all of it, acting like she is making good decisions.
This is the problem with the overweight. They justify everything
Every broke person on this show has pets. I couldn’t imagine trying to take care of a pet if I’m in debt, trying to dig my way out
My parents would help out a lot during college, but their rule for all the kids is once you get a pet your on your own because you’re saying you’re not only stable enough to take care of your self, but also another life.
@@AM-3220I like that, I think I’m gonna use that with my kids.
It's irresponsible to be in debt and try to take care of animals on top of it. Give them to good homes that are able to really take care of them.
And why get a dog at 24? That’s a time in your life you’re probably going to be moving every 12 months, going out, traveling, trying to find yourself and figure out how to adult. Seems like terrible timing for a dog much less two
A study showed majority of Americans are willing to go into debt over their pets so no surprise to me tbh
This is the worst delusion I've ever seen. "I wanted to live somewhere nicer." YOU HAVE NO MONEY! NICER THINGS COST MONEY!
And alone too in a major metro sigh I lived with roommates until 29.
As long as mommy and daddy are in the background to pick up the check and her only responsibility is to just hand over a card so she can continue playing at adulting, she will continue to delude herself. They don't make her responsible, so no surprise, she's not responsible.
@@churrosquirrel Depends how you want to look at it. Median urban rent has gone up 3.36x from 1985 to mid-2022. Median household income is up 3.16x in that same time. So 6% more expensive over 37 years. (2022 is the most recent year that household income data is published.)
I had a bad experience with roommates girl we all do, it generally sucks but we poor
Fast food is bad for her health and her wallet. She’s not going to be able to find a guy looking like that.. She’s all around mess
Caleb,
Even though you always have negative things to say about kids, you are SUCH a DAD! These conversations about wants VS needs crack me up every single time.
I think the most shocking part is that she thinks she's living independently when her parents are paying a quarter of her paycheck, and she can't even cook for herself. Like, what exactly do you think that word means?
I think its because they see their parents helping as something the parents *want* to do instead of something the parents *have* to do. There's a large amount of parents who feel responsible and instead of actually teaching them they just fix the problem
“I live in my own residence”
I can't fault her dad. He's looking out for his daughter and if you don't know who Caleb is, saying "I trust this person on the internet" should raise some big alarm bells.
Especially if he knows how nieve/gullible she is.
Devil's advocate. It's on HER for NOT informing her folks.
The
She’s an adult! Gotta trust her to make her own informed decisions and allow her to make her own mistakes. How will she ever stop relying on daddy if she isn’t on her own?
@@christinak4082 Yes but, the other side to that is that they are adults making childish choices which is ultimately why they're on Caleb's show in the first place.
Guarantee you this is the "friend" everyone calls for a free meal or when theyre broke, but still want to hit up the bar. Shes oblivious to how they're using her. 😮
I agree. She buys friends
After watching for a few months, i have tracked every cent I have spent so far this month, opened up a HYSA, and am aggressively putting money into stocks. you're the man, caleb
YESSSSSS
If you just started doing this, then I wouldn't go so aggressive on the stocks, as individual stocks is considered high risk investments which should be done only after you have a solid foundation for your future. Instead you should put that money in a solid ETF, and once you think you have put enough money there that you could comfortably retire ( as a conservative projection at the standard retiring age) then you can start putting your money into higher risk products like individual stocks. This is to protect you against a stock suddenly doing poorly and you losing all your investments and end up without anything to fall back on.
@@Mikas60 i am putting it in the s&p500 :) thanks for the advice tho!
@@Mikas60 thank you for teaching me about ETFs, had not idea what it was, thank you and search engines lmao.
I wanna get into investing/ stocks, etc. But I'm so clueless on that stuff lol
I understand the dad's frustration. Saying you're getting a financial audit in another city for free sounds very sketchy without context.
Not to mention, he helps his daughter by consistently monitoring her bank account and depositing money to avoid overdrafts... Yet she chooses to talk to a stranger on UA-cam about her finances rather than being candid with someone who views her bank account regularly and helps her way more than he should. Sounds like the dad has his stuff together and could help her out if she'd have a conversation with him.
I agree it might sound a bit ‘shady’ ,he should have told his daughter of his concern but it is her decision to make .
her parents told her to take out her 401k… i wouldnt say thats solid advice 🤨
Her parents do nothing but enable her. She doesn’t know what it’s like to have to pick between rent and groceries for the month. She doesn’t know what it’s like to have to pick between cold water and sleep for dinner.
I paid off my last credit card this morning. The joy is immeasurable. Now on to making better decisions. Thanks for the inspiration Caleb.
Onward to fully-funded emergency fund? Vehicle loan pay-off? What’s next? (I’m excited for you!)
Coming from a Latino family, my dad would’ve reacted the same. At 24 I would’ve been terrified to make that kind of call, so kudos to her!!! I’m honestly glad the dad was more angry about her going for an audit than her being irresponsible with the money they loaned.
This is definitely cultural. She should have spoken to her parents and shown them videos etc and explain that she wants to get help. The dad might have even been willing to go with her to see that everything was legit without knowing a lot of the context for the show.
@@blancavirto6577or they would tell her to not go and then she’d never get the help.
Coming from a wyte family, my dad would've reacted the same way. Ethnicity has absolutely nothing to do with his reaction.. any parent who cares would've reacted the same way
@blancavirto6577 she could have just sent him some links to watch the show ?.. why over think it
@@Liimpyit’s not really about the ethnicity itself, it’s about the culture that comes with that particular ethnic background.
Her parents should had told her to roll her 401k from her old job to the new one rather than taking it all out.
She cashed it out but maybe if she deposits it into her new account maybe she can salvage some of those fees back? Probably needs to speak to a CPA
It's even better to roll an old 401k into an IRA because you have a lot more investing choices than in a 401k account.
Yup. Just roll it over into current job’s 401k and all those taxes and penalties will get refunded at tax time.
@deirdrekiely6187 There are situations in which it could be better to roll it into the 401k over trad IRA.
Her parents probably didnt know what to do
I’m a fiend the way I refresh for these videos
Same… It’s our Friday sweet treat
Fiend away, we love it
Glad I'm not the only one..
Thank God I’m not the only one.
It comes out at 11am eastern every time, why do you keep needing to refresh. I get once or twice but being a fiend makes no sense. Just wait til the clock on ur phone turns 11, i’m confused
“Feefee 🤨” yeah that’s my best friend 🥰 “oh I thought that was a double fee” 😂
Honestly, the way she laid it all out on the phone to her dad was super respectable. I don’t know if I could have done it. And her dad’s response was very measured too when he was just speaking to her.
Paid off all my debt and finally became a member today 🙌 🎉
e-fund? retirement caught up? get your shit together
@@dr_beetus have retirement at 23 thats a couple grand and emergency fund by next month. Thanks
WOOOOOOOOOOOOOOOOOOOOOOOOOOO and WOW, thank you!! I hope you enjoy all the bonus content :)
@@CalebHammer Thank you, I was on my way to paying off my debt and stumbled on your channel. Its kept me on track and relate to a lot of the guests.
Same! 🙌
Blows my mind that people don’t file for unemployment. You are literally funding it while you’re employed.
There is stigma around it and people sometimes act like you're mooching of the government even tho u pay taxes for that sort of thing , and like I guarantee there's so much more going to Imperialism that it trumps those services money wise. People don't think about how much money is actually allocated to these services, and if you were born here, work here, etc, if you fall on hard times, you deserve to have help if you're truly trying. I feel like there is such a bad rap for people who get gov assistance cayse there's a stigma of welfare moms and stuff even tho that's such a small portion of people who actually get those services...
@@ghoulishtoad exactly. My brother in law was laid off and running out of severance so I had to have a long talk with him about why unemployment exists. His inner circle made it seem like unemployment was admitting defeat when you’re the breadwinner of the house.
I think a lot of times people are fired for cause so they can't get it.
@FirinMahLazer1 there's only a few states where this would apply. Majority you still qualify.
Had a friend who never wanted to take anything from the gov because he thought taxation was theft and he didn't want to be complicit. Some people are just weird
that dad call in the intro is wild
I was not expecting that...
@@CalebHammer CONSEQUENCES WILL NEVER BE THE SAME
I don't know the numbers, but it feels like at least 25% of people on the show talk about how they've been scammed, and your daughter without telling you drove to another state to take part in a "free" financial audit which you learn about while you're at work (while also figuring out that your daughter isn't being responsible for their finances). I can see why someone would want to try and assert some protection for their daughter. Not saying he was right, but in my opinion understandable.
@@j.asmrgaming1228 Maybe, but my son, 24, doesn't feel a need to tell me everywhere he goes. I trust him to let me know if he needs me. I just sent him Calebs investment program to help him out.
@@j.asmrgaming1228exactly
This girl is willing to make literally zero sacrifices
✅Can’t answer a direct question without an excuse
✅Supported by parents financially
✅Overspends monthly on BS taquitos
✅Withdrew 401k with penalties to support lifestyle
✅Personal loan to consolidate consumer credit and then runs up balances again
Financial Audit BINGO! And only 25 mins into the video 😂😂😂
Bro what is it about taquitos? 😂
@@Las645it’s when he sees small gas station charges so he says they got a treat like taquitos 😂
The 401k thing should be a wakeup call for her
i get so annoyed when these young people act so proud of being independent when some of us are ACTUALLY financially independent and don’t have these same stupid problems
They wouldn't know independence if it hit them in the face.
I lived with a roommate and shit ton saved with no debt and only now moved out to be fully independent cuz my new income affords me that luxury. I can afford the lifestyle inflation. They can't.
These people never encountered the word "delayed gratification " and unfortunately parents play a huge role on top of our shot education system for why so many people are financially illiterate.
Society being bad w money is bad for us all, so Caleb's contribution helps society and the net positive is appreciated.
I was a financial coach and after 2 years I ditched. Even listening to Caleb's show occasionally pisses me off.
No accountability. Blaming it on income when it's all their fault. Drives me mad.
Thanks Caleb, ur stronger than me 😅cuz I got sick of this.
No literally I moved out at 19, didn’t get a single cent from anyone. If anything I’M my family’s emergency fund. I’m tired of these kids
Agreed. Just like women who live off of government assistance, child support and/or alimony.
@VioletIsBulletproof Absolutely. Your entire comment is spot on. I've said this for a long time, finances needs to be a mandatory class in all high schools across the states. Opposed to the other pointless bullsh1t.
I paid off my student loans and my car in the middle of the pandemic, making $15/hr and paying $800/mo in rent. It took a lot for me to save up over 10k and be debt free, but it's helped me survive some serious emergencies over the past few months without taking on any additional debt.
She reminds me so much of myself at that age... The justifications, the thinking you are waaay more independent than you are, stupid spending for eating out... But it was such an brave step to come to the show AND speak to her dad, even tho she was scared! I think she will be in a great place a couple of years from now.
If you're reading this, there are people rooting for you and excited what's ahead regarding your financial future ❤
I agree I was ridiculous at her age. Ended up with max out cards, line of credit. Sigh girl you are addressing it early you are smart
@@latulip100Yall lucky. I never took out cards when I was in my 20s. I’m in my 30s barely have one card for 1k 😂
My jaw literally hit the floor when she said 10k in her 401k.
And she drained it 😭
Thats good right
@@abramsrob $10k-$20k is typically good for 24
@@abramsrob in your early 20s yeah
That's pretty good. I had 10k in my late 20s and now close to 200k at almost 33. My point is, when you are that young 18-25 you are not thinking about saving for retirement.
Theres a 60 day rollover rule that allows her to redeposit the funds she withdrew
I’m on team dad here. If my kid told me he was with someone he found online showing him all his banking info I’d lose my shit and go physically stop him.
I paid off 18k in credit card over the last year thanks to Caleb. Have a retirement account and almost 6 month emergency fund. Thanks Caleb!
Dude same!! I paid 9k in cc debt, 11k to pay off my car early and now I have 14k in a HYSA almost have the full 6 months E fund! Just 1k more left with my next paycheck! (Moved back with parents in order to do this)
I started watching this show last March and realized my situation was pretty bad. Keep it up man! You're doing amazing!!
It's all thanks to your hard work!
Meanwhile I watch this stuffing my face at Sonic which I put on my credit card.
@LordKarato I did the same exact thing. Once I calculated how much interest I was paying to the cc companies, I felt so stupid. After making my first few significant payments towards them, I felt energized watching the balance drop. Now I just have my few subscriptions setup to the cards and have them set to autopay. My bank also does a round up thing where they take the remaining change for each debit purchase and put it in a separate account earning 10.5%, so I only use debit. I even square off my gas purchases to the .01 cent to get .99 cents into the account. If I can do it, anyone can.
@@LordKaratostop it
Retirement service worker here: most companies will let people who withdrawal funds from their 401k reverse that distribution back into their account. DONT CASH THAT CHECK. you will probably have to take a fee to do that but please don't cash that check girl. though she did close the account but maybe the can reopen it or at least start a roth ira for you
She should definitely do that!
Praying 🙏
Such good advice. 😮💨 Hope she does it!
she could also reopen then roll it over to her current employer...?
@@makaylar.mr.23 some places do not let you reopen it. Especially if you are terminated and withdrawal the funds. I did mention this as an option…
Caleb: Why did you waste money on these luxuries?
Not creditcard person: Because I wanted to. It is much easier. I don't like hard things. I like the taste. I like the experience. I don't want to learn to cook. I want an expensive car. I want a house that is close to bars. Because I wanted things that people normally have to save 10 years for.
@@Anngrl69 Honestly, I think it's more that they are convinced their parents had it so much better ("College was $5, Mansions were $10k, Burger flippers could afford to raise two families!") Mostly because other people their age lie to them about how easy their parents had it. And as such they feel entitled to have their parents subsidize their living for ever. I see so many infographic/meme images on Facebook about how it's the older generation's fault the younger generation isn't living to the standard they expect.
Why save for 10 years when you can make monthly payments for 30 years
My parents are immigrants, my parents would respond exactly the same way cause they don't know anything about the internet. It's harsh but a lot of it is tough love/fear/over-protectiveness lol. In my mid twenties and my parents constantly want to know where I am and what I'm doing, to the point that oftentimes its better (in my own experience only!!) to not let them know until something is completed and/or works out.
I'm watching these videos in reverse order for the most part and it's insane how much the quality has increased just over the last 2 months
If anyone has changed their finances since watching Caleb should go on and show past balances and behaviors and then show current. I think Caleb needs to see how he’s actually helping the majority of us
I totally applied. I'm paying down $10k on basically minimum wage while in nursing school 😊
“WHAT DO YOU THINK YOU SPENT?!?!” I love how you never rephrase, even though they clearly don’t understand 😂
That's the most frustrating thing 😅 especially from an ex sales guy. Like bro, I know you know you need to rephrase
@@maureenviola Honestly, sometimes I don't understand Caleb's questions either, and he doesn't really rephrase them, so people are not going to understand if he keeps saying them the same way over and over again. It took me a while to understand what he meant by "how are you going to take advantage of credit" or something along those lines (partially because I'm not American, and we don't have credit score, but still) 😂
But “what do you think you spent” is a very straightforward question. It’s not complicated.
@@anagodinho3993 I agree. Between not everyone's 1st language being English, not knowing 'personal finance speak', and being filmed knowing your friends and family and hundreds of thousands will be watching... Not understanding a question seems very reasonable. I think Caleb just gets heated for the lols. "What went out? What went out? What went out?" 😂😂
But that is a very straightforward question
When the dad is like “it looks like you have money” she should have said yes my purchases go onto my almost maxed out credit cards that’s why you don’t see it
I WAS WAIIIITING FOR HER TO SAY IT 😭😂
That would be taking full responsibility and she's not ready for it. If she told the truth then she would be paying late fees and overdraft fees every month.
Well it sounds like they're going to look more closely now - nice to hear her dad immediately think where are you hiding everything, it was moms idea to help her - so now at least they can see her whole lifestyle is off
The way he had to ask her “what went out?” A million times before she gave him a number sent me😂😂 3:45
I've been watching your videos with my SO and we were able to have an open conversation about our finances. We settled down and figured out just how much our BS spending was, and after a month of cutting back we had saved about $1,000. Keep sharing these stories and make people realize that we could retire.
I live in Australia so don’t usually get here this early but having a newborn means I can watch as soon as the ep is uploaded. My husband and I have Caleb’s voice in the back of our minds whenever we go to spend on BS. My husband even does a good “YOU DON’T NEED IT” in Caleb’s voice.
Taquitos!!
I'm in Australia too, had to google taquitos after that episode. I absolutely think what would Caleb say when I'm about to buy something stupid.
A fellow Aussie! Also, I'm glad I'm not the only one that has Caleb's voice in the back of their mind when eying up a cold drink at the servo!
@@Pommygirl1styea that bag of chips and a takeaway coffee.
I buy fast food everyday because it's easier than cooking. I can't figure out why I'm in debt.
@@maureenviolaAnd then the steady diet of fast food eventually leads to massive health care costs...
I don’t know if this is true in other states but in Washington there’s no sales tax on groceries but restaurant food is taxed just like consumer goods - over 10% just going to the government
@@loisavci3382hahahaha your comment is my wakeup call 🫠
$13 plus whatever she leaves in a tip EVERY MORNING at Panera. Ridiculous!
A dozen eggs is $3 and a box of instant oatmeal is $2. You get a week of breakfasts for $5
10:25 parents are giving her 1k a month and shes still underwater by 1500 no wonder daddy gets pissy when he gets called out.
Someone is in big trouble after this.
and she thinks she is independent
For the best. Rock bottom is a wonderful teacher.
@@kevinfoy493 Its crazy how many people come on this show and claim to be independent, but get money from their parents.
They don’t give 1k a month, they do give money for overdraft.
Pulling out your 401k early is crazy, pulling out your 401k and having your parents think that is a good idea at 19 years old is next level. Gonna have your daughter treating her retirement like a line of credit.
If she had $10,000 in her 401K at the age of 24, and she withdrew it 40 years later at the age of 64, it could be worth $700,000. I’m not even BSing those numbers. $10,000 in the US stock market in 1984 would be worth $690,000 today without putting in a single cent. 11% average annual growth for forty years.
I think its all right in emergencies but this definitely wasnt the case
When Caleb started singing “Our god is an awesome god he reigns” and the tone and key were accurate, I died 😂😂😂 bravo sir.
“You know what’s closest when you wake up? The kitchen” I am cackling 😂
It’s so true though!! I literally don’t know how people go through their entire morning before getting coffee out at Starbucks for somewhere
@@tasteslikepurple122this is true 😂😂 i need coffee to find coffee 😂
@@tasteslikepurple122my old boss had his assistant get him coffee. Buuuut he had more money than he could spend.
Caleb, can't she deposit that check in her new 401k?
Celeb: *gets a death threat*
Celeb: “this is great content!”
I am obsessed with these and got my husband addicted to them too 😂 we started budgeting and really looking at our finances since watching. He always says we want to make Caleb proud if he ever looked at our financial situation 😅
Making Financial Daddy proud 😊
Apply I’d like to see a couple thats not a sinking ship and see what improvements are like 😅
What me and my fiancé say. And when she wants to go out for food, I tell her, WWCS. (What would Caleb say) 😭
I was so proud to see how genuine she was when she calls her dad to tell him but then you can hear the exact moment she switches from being genuine and vulnerable to inflating her ego by trying to downplay how much money she is given 🤦♂️so close yet so far
It was very touching she was impacted finally having that difficult conversation with her father. But THIS is precisely why conflict isn’t always bad.
Steal the daughters info? Her finances are a mess. Caleb, steal the dads info!
Yes. I pity the ID thief who steals her credit card info. She is at the limit so they couldn’t do anything.
@@SkywalkerPMs 🤣🤣🤣🤣
😂
Dave Ramsay: Sell the dad.
@choreomaniac if she gets her ID stolen her credit is going to increase😂
$600 birthday gift?? That is crazy to me. Cannot imagine for anyone but a spouse.
Lol I really went above and beyond for my dad's father's day gift this year. But it didn't cost 600, and my brother and I have money.
If my dad said he wanted a 600 dollar gift I'd have told him to go away
@e22ddie46 she had no choice because he supports her. Get off his payroll and then make your own decisions.
"all the money is convenient and I want to treat myself that's why I spend the money"
"Yes but you can't afford to spend all this money, what's more important, your wants or your finances?"
"yea but i want to and its so convenient"
Just repeat that 40 times and that's the episode.
Caleb thanks for hounding a budget! I find YNAB to be most helpful on their manual setting. Everytim I take out my card to pay for something I also take my phone out and add it to my budget. Really helps me manage my spending as I see my budget updated with money left, categories, and days left to paycheck. So helpful. The only thing that has worked for me. I’m in the green solidly every month
I might not be the best at money management for myself but I’m so glad someone told me the importance of a retirement. Started at 21 and now I’m 27 and up to 40k. Never touch it till you actually can people!
I let around 5K sit in collections for a few years with no motivation to do anything about it. A couple months later and I have paid off the small accounts and now am just a few months away from finishing the last bit of debt. It doesn’t happen overnight and it’s going to feel worse before it feels better because that’s the situation a lot of us put ourselves in. But it’s worth it, thank you Caleb!!
Debt settlement is always a good route on accounts that went to collections. They'll settle for pennies on the dollar. The only downside is the 1099c for any debt forgiven over $600
Paying collections does nothing to reduce debt , those debts are already charged off. Doesn't help score .
@@personanongrata... this is incorrect. After paying off individual collection accounts and reporting the paid off balances back to credit agencies it increased my score by 5-15 points each time one was removed.
A healthy credit score requires low utilization and good payback % on bills. Collections factors into credit score. Hope this helps!!
This person is inconveniencing herself by trying to make everything convenient.
That's a great way to put it.
I feel like this when I get take out. Very expensive but the kitchen is still a mess
Bingo
I didn't have much furniture when i bought my house. My mattress was on the floor for almost a year before i purchased a headboard and frame set. Shoot i didn't even get internet the first year either. Managed just fine.
A lot of things we "need" are just wants.
My parents used a card table and chairs for a dining room set when they first married.
She's a rare guest, who is worth helping
It sounds like the dad is sincerely concerned his daughter is being scammed.
She is a child that wants to be close to friends and downtown so they can go out to eat and bars all the time, and rely on her parents to pick up the slack for her horrible choices!
If you spend more to live in a "walk-able" area near your job, you don't need a car. We did it for years; inner-city car insurance was ridiculous and we sometimes couldn't park within 3 blocks of our house so we gave up the car. We rented a car for a weekend once every month or two to visit my parents and do a big shopping trip.
It's true I'm glad to live in Oregon it has one of the best public transportation especially in Portland, the MAX is amazing even if people on it are sometimes crazy,😂 but that's any place in America, just don't acknowledge them and you're fine. It sucks tho for the majority in America cause most cities aren't like Portland, where there's a MAX or bus stop every few or so blocks and bleed into the nearby sister cities. So you kinda have to have a car or get Uber or you're fucked. It's a lose lose situation cause you need the car to make money but you need money to get the car
I just wish more people in their local elections vote for putting more funds into those transportation services, and destigmatize them, cause people act like taking the bus is degrading or bad in general. I think that is a stigma started by car companies tbh 😂😂
Yea sometimes the cost of living somewhere walkable can be offset by not needing a car
Same my country does not get that hot snows a lot but I had a small cart on wheels and walked to the grocery store frequently
Biking to work feels nice--not to mention not needing to fill up your gas tank for a few months in a row saves so much money.
That little smile I get every time Caleb says sweet treat is my sweet treat.
Shes a sweetheart. I feel like her friends around her have been using her.
Been about 4 months since I started watching these and I'm rolling towards being financially stable and I was actually able to go over my spouse's grandparents today because they heard what I had been saying about finances and wanted the help. A lot of pride that we had to break through but things are looking up! Thank you Caleb, for caring in your own unique way, and for providing us with these audits. Once I can afford it, I'll be joining the patreon, but not before!
Sometimes I tape a little cutout of my face over the guests, to preview the embarrassment of deep debt. It ends up being a fulfilling evening.
Whatever it takes!
I have never been so early in my life. Caleb makes my Fridays a thousand times better.
Thanks for being early!
This woman is $1500 in the red every month and has TWO dogs?? And refuses to do something as simple as…make tea/coffee at home???? And refuses to cook!!! She doesn’t deserve help
Everyone deserves help.
I think she can do it. It’s been a while, but I’m hopeful on this one. Good luck kid
I love that you've been getting guests to self assess their spending. It's a really effective method to get people in the right mindset
He seems a little more irritated than usual. She clearly is driving him nuts
I noticed that as well.
He did seem really annoyed
I feel like the whole “I’m living independently” on her application being bull shit really was the grounds for the irritation.
@@michellevm4849 Yeah, but it seemed really over the top today
Somehow I thought he was more calmer today 😂😂
Guys, she's independent except for getting a metric fuck ton of cash from her parents. What don't you understand?
Reminds of these young people who retire at 37 because they did side hustles. Also their granddad was on the board of Coca Cola for 7 years and thus his family could pay for his college so they got a great job and then their grandpa left them a trust with 1.3m in Coca Cola stock.
@@zackc3767self-made!
you should make a series called Financial Father or Finance Father where you teach basic financial advice for upcoming adults that were never taught that info by schools or parents. idk that’s just a silly name i thought of but you can name it anything.
i feel like it just be nice to have a series where you sit down and give young people advice every week or so, not talking to any specific person but just to the audience
i just feel like school doesn’t properly teach well about student loans, or credit cards, or much stuff like that. only one financial credit was required to graduate and at my school the class was half a semester. the teacher was also one of the chill ones that basically rushed through all the work and gave us the answers instead of finding ways to help us learn ourselves
@@graceclover8697 He does have a financial education channel that goes over some of the basics. I'm not sure how often he posts there though.
It's @centsmakesmoney
@@thebosshouse i’m new to his channel so i’m not sure what content he alr posts. i was just thinking he could create a new one or revamp it to teach younger adults that have yet to dive into this type of stuff. i’m 19 living on my own but have yet to apply for college or credit cards because i’m scared and have no idea what i’m doing.
I could never do Caleb’s job. I would literally come across the table with some of these attitudes and the way they talk.
"I know, I just" STOP and take accountability!!
"Wanted, Treat, Wanted, Treat, Wanted, Treat" what a good beat lol
Caleb, you are going to be sooooo goood at arguing with teens when you have kids. So much teenage logic and she can't even see it!
Caleb amd team, we turned our financial life around because of you, been watching since 70k subs
I respect her for making that call to her dad. Coming clean to a parent is hard. Nobody wants their parent to be disappointed in them.
People hating on the dad are literally children or idiots. It does sound like a scam. FREE finicial audit where you get reimbursed for youtube. Tell me that doesnt sound sketchy lmao.
For sure! It sounds super scammy on the surface and there have been multiple guests who were scammed before filming.
Also agree. She should have told them and showed a video of the show.
@AlisonP2727 I 100% agree but in my opinion it was her avoiding responsibility
Nope the dad should be locked up
Taking money from your parents for “help” and then buying hundreds of dollars in v bucks for your friends. That’s ridiculous and shameful. Smh
11am crew clocking in. So far I’m $867 under my budget for the year (my budget includes saving $15,500 from my salary) thanks for the content and inspiration Caleb!
does your savings include retirement or is that separate?
@@michi-bi Yeah my savings is mostly my retirement because I'm self employed. I'll put most of that into the s&p
Ouch if she had applied for unemployment she probably would have gotten more than working at Walgreens
She could technically file for disability too having hearing aids and medical issues.
Which some people will abuse that system too.
Unemployment is like 40% of what you were making before
@@Spacecadet3890 right but it sounds like she was making decent money at that job and at that time there was an extra $600 a week on top of normal benefits. She could have spent the time applying for much higher paying jobs and would have been safer at home.
Can you include a small 1-minute segment in each show where you cut away from the guest to provide a little educational snippet related to the guest's situation? Example: How do you end up with a credit card with crazy interest and not even know? One way is that the credit card companies start you with a low interest rate, but the fine details state that if you miss one payment, the rate can automatically increase to like 27%. Your credit card could have crazy interest without you even knowing! Check your statement. Another example: When you're buying a car, companies will have you focus on the monthly payment instead of how much you're paying for the car. That's how they make money and you become a car slave. (and then show an example of a monthly payment on 7 years and high interest versus slightly higher monthly payment on 3 years and low interest)
I agree, there's a lot of room for improvement in this show!