Immature Parent REFUSES To Grow Up | Financial Audit
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- Опубліковано 13 жов 2024
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I work an awful job and these videos help the day go by. You the man Caleb.
"i work an awful job" LOL i feel you man
Subconscious motivation! Good stuff.
Do something on the side so you can get out of it. We spend so much hours at work must be difficult to work a job you hate.
Don’t settle. Always push your opportunities as far as they go and refuse to accept what you have now as the “best it can get”
Life is too short to be miserable, if your job affects your mental health.... LEAVE! I quit, not once but twice, my only regret is not quitting much earlier. Good Luck to you.
There is nothing more frustrating than when Caleb cares more about the guest’s future and finances than the guest does. ESPECIALLY when there’s a kid involved!!!
Since she's a compliance analyst, you'd think she'd be good at complying with rules to follow and be detail-oriented...
@@emilyau8023 the easiest one to sell things to are the salesmen
Similarly most foolish people in business and management are people with advanced degrees in same field
the fact it took her 30mins to casually mention she has a daughter... her priorities not in order
I'm gonna come out and say it. As someone who lives in a primarily black community, that whole absent father shit is a serious problem. You cannot uplift your community when you abandon your children. Be a fucking man and move in with the mother of your child and share the burden.
@@Kwizzle9999it seems like there is something going on there that she wasn't saying. IDK what but something seemed off. Regardless the child needs a stable home and you are correct that society has not valued 2 parent households. It time to turn that around. Isn't it interesting that we are driven culturally through music, advertising, movies, etc to devalue traditional relationships despite the fact that the result is destabilized families, insecure and often unsafe children exposed to a litany of non-family members, poverty, dependence on government, poor health, educational deficits (both in the student and the schools), exposure to violence and drugs yet our "leaders" keep telling us they are fighting for more of the same? Makes one wonder...
$400 a month in gas for a person that works from home is wild 😂
I drive a sports car putting in 93, 30 miles round trip for work I don't even break 250 a month
I own two cars and I don't put anything close to that much into gas per month.
I have a 60 minute commute to and from work five days a week and I somehow don’t even get that high wtf is she doing
Yeah, that's maybe two fill ups a week? Where is she going?
I don't think she knows what she spends in gas, just made a flat guess. Can't imagine she's putting in 400+ miles a week while working at home. Maybe she's taking her kid out to a ton of places, but that wasn't brought up by her so I doubt it.
Sidenote: Her having a $1000 mortgage payment while making $80k/yr but ZERO emergency savings is wild!!
Seriously?!!!
For real. That house could be PAID by now.
I am so bewildered that she makes 20k more than me but is lacking in critical thinking.
100%. I wasn't making much more when I bought my house in California and my payment was twice that (now a little more because of our ungodly property taxes). I'm also single with no kids and things were TIGHT. Lots of noodles.
Right? She stumbled into 100k equity. She could easily make some minor adjustments to her investing/spending to be set for the rest of her life by her 30s. Instead, she's one financial emergency away from the death debt spiral.
Thank you for making this channel. I have been able to bring my credit card debt from $22,000 down to $9,000.
Same here, I woke up with 40,000 in credit card debt in 2020 and am now down to 9K. let's get this done 🫡💪
@tiawana420 Most definitely, I stopped a lot of the BS spending. Payed off vehicles almost done with credit cards.
@@israelmartin8413 @tiawana420 that's great you guys!! 💪keep it up and stay strong
Holy crap wow!
awesome congrats!!!!
I’m blown away at how unphased she is about all this. She barely seems to even acknowledge that she has a child 😳😳
This is why if you can't afford a kid you shouldn't have one out of taking personal responsibility. Sadly, people like her are very common in America. Lacking so much freaking intelligence...
@@goat9199CBD does not have that effect. Don't spread misinformation.
@@emilyau8023 Caleb needs to put condoms in her monthly budget.
@@emilyau8023Well it’s not like many Americans have a choice anymore. If you eat pregnant your only option in most states is having the baby even if you’re in debt.
@@Romerix11That’s the thing. I’m expecting a child on a fairly low salary but because of my savings, investments and other choices I’ve made from a young age, I should comfortably be able to take care of her. I also have a long term partner who’s involved and that seriously helps. It’s crazy to me when people earning so much don’t save up and invest?
40$ a month for Fico? That’s absurd. Credit Karma is free & it’s your legal right to request a copy of your free credit report yearly.
The fact that any company/service is still taking money for it is either a genius business idea or a crime. 😂
As an ex loan officer, any credit check service is not going to be exactly correct. There’s roughly 10 different credit models for all 3 credit scores, and lenders can choose whichever they want to for their purposes. I can’t tell you how often people argued with me because their service put them 60-100 points higher than what we pulled. Saw one time when it was 200-300 point difference, but that was a dumb situation
@@AceRanger20 do you think my credit card companies credit check or credit karma is more accurate? Credit karma placed me like 40 points lower than my credit cards companies check. The credit card company in question is discover
@@AceRanger20 wow that makes it even more dumb to pay for it: I don’t get why people need so badly to know the exact number, just need a ballpark figure is really enough.
@@amazinglats6020credit card company is going to be more accurate for them, they are typically going to be using that same exact score anytime you apply through them. There is not going to be any good comparison between two different companies pulling credit. Credit Karma does it for free because they also don’t get a full credit pull, so there’s a chance some things don’t show up on there
You have literally changed my life. I almost applied to be on your show, but I took all of your advice.
Make sandwiches for work, stopped buying coffee, cook all my dinners, cancelled things I dont use enough to justify, deleted my Amazon app, and downloaded rocket money. I started tutoring kids in the evening and rented out my emoty garage space for additional income.
Ive already brought my debt down over 2k, and I'm no longer in the minus before each check.
In fact, my check comes in two days and I have $550 in my checking. I know its not a lot but its usually in the negative or at most $18 or so.
Thank you so much Caleb. ❤
Go to sleep knowing you are changing lives.
It would be a cool episode to show how applying these recommendations actually worked as an example for others!
🎉🎉🎉
agreed, I think you should apply!
GIRL don't you discredit your growth! Do you know how quick 500 turns into 1000? You got this! Keep going make more cash and keep the good habits
Proud of you ❤!
These videos also helped me stopped feeling bad about myself when comparing myself to others. My car is over 10 years old, I don’t get designer things or my nails done, my budgeting skills aren’t perfect but I have an emergency fund and never miss any full payments on my bills. When I see others my age (27) with nice cars, new clothes, going out all the time, I used to think I didn’t have my shit together since I couldn’t do that. But now I know I would rather have peace then debt, and no one knows how they pay for those things.
You are doing VERY well for yourself! Congratulations!! ❤
Wow awesome job. You are thee MAN or woman…😒….please don’t cancel me.
Anyway I was in the same boat, at 22y/o set up a Roth and Mitual fund having no idea what I was going while my buddies were popping bottles at the club. 29y/o brought my first home had decent savings and pulled a little from Roth as part of my deposit. Had no idea what I was doing but my 40y/o self is so happy I never followed the sheep in my younger years.
How do you open a Roth IRA independently
Honestly same. I didn’t even consider that all those people with better jobs and nicer things might actually have a lower net worth than me
So on a $84,000 salary she couldn't be bothered to save up $3,900 for the measly 3% downpayment on a $130,000 house and instead decided to incur penalties by taking money out of her 401k?
Yep. She’s financially uneducated and blows it on dumb crap
People just don't want to wait. We live in a credit society where you can get anything you want NOW.
I think the job salary is new
Waiting isn't her thing dawg 😂
$hit I make her income actually slightly less and in the second highest individual tax state saving $2000+ and then some a month. You give me 3 paychecks over there and I can get to 4,000 like 🫰that.
Despite reading the title, my heart dropped when she said she had a daughter. How can you justify taking vacations when you don't even have an emergency fund to keep a roof over your daughters head?
The answer is she wasn't ready to be a parent and most people in America turn out to be that way sadly.
She doesn't think her situation is as bad as it is. Some people have a hard time understanding consequences until they actually experience them. That's why it's tough with finances because consequences can sometimes take years to feel, but by then, it is too late.
Credit cards are the emergency fund.
Hopefully she wakes the fuck up when she reads these comments. Basically putting her child in danger if something happens
Yes, exactly! And she's not even taking her daughter on vacation with her to Houston, it's a solo vacation just for her! Sigh.
It's a really good lesson that a high income doesn't mean you shouldn't be intensely budgeting. ALWAYS keep track of your money! I learned that if I was afraid to check my account, I was spending too much
Such a good point about fear of checking accounts! I just laid out all of my transactions for the past two months (and re-typed them in a spreadsheet so I was forced to look at every one and acknowledge it) and it was painful to see things I’d been “hiding” from. But so good!
@@capturethegreenVERY good idea! I'm going to do that right now- thank you for the tip!
I put everything on my AMEX. I am disciplined with my spending. But I audit my statement every month and consider whether any purchase should have been eliminated.
Exactly. Just because you make a good income and you can make the "payments" ,lifestyle creep can take it all away in a blink of an eye.
I thought I was the only one who had fear of checking their account! Lol I don’t feel that way anymore but for a good year, I wouldn’t look at it lol
Based on this channel, we clearly need to add a financial literacy course to high school curriculum.
Would they listen?
@@genxx2724wouldn’t guarantee success, but it would help a lot. It’s sad to see many people on the show only learned recently how interest rates work. Caleb is doing a public service with his videos but this needs to be in schools too.
I would estimate in the public school setting it would make very little difference. What 17-18yr old wants to listen and take to heart the information especially in environments where there is no foundation of financial success and responsibility
Caleb should start a financial literacy channel: ages 10-15 or something
or one for even younger: financial literacy for kids: ages 6
@@athlete_n8honestly a lot would. it’s easy to see modern students as dismissive but many who are about to graduate are scared of the fact that they know nothing about finances
Retirement for some people becomes their bondage in poverty because they failed to invest with the little they have on their active years of working, this is an error we need to start working on now, I’ll advise that while you still can work and earn also take some money aside and invest in your future after retirement so this classification won’t have to be yours
You are right.!
That is why I had to start forex trading 2months ago and I now am making benefits from it..
I'm glad I was introduced to forex trading and got the best teacher and mentor who helped me understand the financial market l'm grateful to Mrs Shanita 🙏🏻
And I can even say she is the sincere broker I know....
All thanks to my aunty who introduced her to me.!
My daughter is the same age as this young lady . She makes a little more ( 98k) but when she turned 15 she wanted to work and I agreed as long as she saved half of it . Fast forward -she still saves half of what she makes . She bought a home at 21 with 20 percent down and has zero cc debt and no student loans . She worked and went to nursing school and paid as she went . She has quite a large nest egg in a high yield interest account and 6 figures in a retirement account
She’s working hard at paying off her mortgage and it will be paid off by Jan 2024. Car was paid off when she bought it ( it’s 7 years old )
I say all this not to brag but to say , much of financial literacy and making good decisions is a HABIT . She’s been a saver since she was young .
When you’re in the HABIT of saving you wouldn’t even consider pissing away money on Uber eats , nails , smokes , etc
Please give your daughter a bright future by not ruining your own ! I’m rooting for you !!!!
@@Raphanne in my case it was lots of failing and hard lessons learned . I didn’t come by it naturally nor was I taught anything about saving . Sometimes we learn the hard way .
@@Raphanne thank you so much . I am very proud of her and am in awe really of her and the way she handles her finances .
"making good decisions is a HABIT . She’s been a saver since she was young ."
This is something I think about. I'm naturally a saver; I enjoy seeing my savings go up much more than I enjoy buying a new thing. Some people are like that, some people aren't. How much of that can be attributed to good decisions and habits vs people's brains being wired differently? Curious what other people think.
In other words, is your daughter (and people like her) in such a good spot solely because of the habits? Or is she in a good spot because she's naturally the type of person who is drawn towards developing those habits?
@@weaponkid1121 that’s an excellent question and astute observation. I’m not quite sure . I thought maybe once she was at a certain point , she would be a little more loose with her spending . She has not .
teach them from a young age and they learn!!! how my parents taught me…i’m in same boat no loans etc bought home in cash it’s about discipline
Caleb, THANK YOU! I’m 29 years old and officially *debt free* and ontrack to max out my 401k contributions this year! I work as a software engineer and have always had a very high income, with nothing to show for it. You’ve really inspired me to learn about personal finance and responsibility.
Rooting for you!!
Wohooo! Congratulations 🎉
Amazing! 🤌🤌
Bro if you haven’t already sign up for a brokerage account and start throwing those fat stacks in a SP500.
awarding pointless internet browny points. you did good
She makes $84,000 a year, works from home, and has a very low mortgage payment, and still can’t formulate a budget and live well off lives. High school NEEDS a better off financial literacy course, not just some class on the stock market.
It's amazing how they manage to earn enough yet still cannot survive.
People wouldn't pay attention anyways
No people just need to stop giving into their vices. It’s literally that simple.
I had an Economics course Senior year HS in 2007. I don't recall much of the class, just him saying his phrase "It's your money fool," basically telling people to be wise with their money. It's wild I don't remember anything about that class, but he was a great and fun teacher and it was a great class from what I recall of my overall feelings of it.
I think people just watch their parents spend, and already by HS, people are spending crazy amounts. One of the kids I was friends with, was working non-stop to support his GF's BS spending habit... He told me he spent $800 on her for new Clothing for Senior year of HS... The fuck? I was shocked.... I still wear clothing from middle-school/high-school, so it's just weird to me. People always want new.
I went to 4 different high-schools and only 1 of them made their students take a class on financial stuff and it was all by that one famous white guy that does the snowball effects with credit card debt.
Sorry I can't remember his name.
No longer in debt, but i did just review my current bank statement for june and said "WHY ARE YOU SPENDING 7 DOLLARS ON SUBWAY WHEN YOURE TRYING TO GET OUT OF DEBT" and then i remember the debt is gone 😂😂
You deserve better than subway.
Congrats!
WHY ARE YOU SPENDING 7 DOLLARS ON SUBWAY WHEN YOU SHOULD BE INVESTING FOR RETIREMENT? Make a sandwich at home!
Congratulations! I can't wait to get there!!! 😂
@@genxx2724 WHY ARE YOU SPENDING $12 ON STUFF TO MAKE SANDWICHES AT HOME? Noodles are 39 cents, put that 12 into your savings!
As someone who has to take care of my parent due to their financial situation, I'm glad Caleb reminds parents their habits will have a negative impact on their kids. I hope she does what she needs to for her kid's and her future.
Exactly. I’m shelling out almost $1,000 a month because of my parent’s poor planning and I’m starting to resent the situation. My boomer parent had so many opportunities because of the good economy in the 1960s-1990s, but squandered his money on “fun” stuff like cars and gambling. Now I’m footing the bill for his expenses.
You have to be below 80IQ to not realize that having no savings and being in massive debt with no retirement fund isn't going to screw your kids over.
As soon as she gave herself a 7 for her financial score, I knew it was going to be a lot of denial, carelessness, and justifying poor choices.
Poor Caleb, no doubt his blood pressure was skyrocketing throughout this interview.
I almost fell out of my chair when I heard that. Knew this was gonna be a doozy.
“Nm-yeah” = No
The fact that she asked for an “eating-out” line item in her budget just confirms she doesn’t understand how bad debt is and there is no chance that she follows any of your advice.
She thinks “being able to afford it” only means being able to afford the monthly payment not the full price.
She thinks "being able to afford it means she doesn't have to run out the door without paying.
Reminds me of the girl on here who made a budget but then did after pay because the payments were within her budget lol
Yet Caleb will probably tell her that she can retire a millionaire. 🤔
this is unfortunately how a lot of people think
they think that because their minimum payments are made, they can "afford" things, which in reality they cannot because of the fact that they are making minimum payments on unnecessary purchases
@@geekimusprimeshe COULD if she gave a shit
Caleb's channel is great. Anytime I find myself wanting to make a completely unnecessary and non-budgeted purchase I start yelling in my head "TAQUITOS TAQUITOS TAQUITOS!"
🤣🤣🤣
That episode lives forever in my head. PS - ground beef on sale this week for the 4th. 😅
Lmfaooo from that one episode
Taquitos! That's the best/worst episode ever! 😂
Which episode is this
I think as well-intentioned as Caleb is, compliance is a missed factor in some of these plans that get made for people. If adding $150 for nonsense spending, fast food, fun means that she actually follows the budget but it takes a little bit longer, I think that's a fair trade and I would personally build that in
Yes I agree people need to have some fun even as they are paying off debt otherwise it can become hard to follow through.
I agree, most people doing the "go hard" method will get burnt out quick and quit all together. Allowing a small fun budget will allow them to feel like they aren't COMPLETELY changing their lives, making the success rate higher. He could offer 2 options, the go hard method and the small fun but takes longer method
Definitely think Caleb's Hard method isn't something quite a lot of people could do, but I also don't necessarily think that's on him. He's trying to show the best/worst case scenario for them and outlining clear goals to hit. If they wanna take off $2000 a year from that plan, it's up to them though.
Went through her twenties having fun and pulling from retirement funds. She's already gonna sway from his plan why give her more rope to hang herself.
He has added such lines in before when their income to debt ratio gave the room to do so. It often does not though which is why you’re used to him not doing it.
Hey girl, please save instead of go on vacation! My mom had to move in with me when i was 32 years old bc she became disabled and couldn't afford to live. It almost ruined my marriage and i almost couldn't start my family so please don't do this to your kids! It is a huge burden and ruined the relationship i had with my mom. She swore she would work until she died but that obviously wasn't what happened. Please don't do this to your kids. It sucks so much!
The fact that she’s so unfazed about savings, emergency fund, budgeting and more worried about eating out and her vacations is astounding! She’s not getting out of debt. I feel like it’s gonna take something dramatic for her to realize she’s in a dire situation; hopefully not hitting rock bottom. We’ll see when she comes back for an update.
she needs to be a "compliance analyst" of her finances!!!
To be fair, I think she’s in a much better financial situation that so many other guests on this show. For some reason, he comes off a bit too harsh on this episode.
@rehanas.4092 because she has a kid and she's acting like a kid cause she practically still has that mentality.
Guaranteed made up job to boost the company’s diversity numbers
I paid off all my debts in four months because of your channel, it wasn’t much just 14k, but I thought you would be proud of me :)
What are you saying? 14K? Thats a lot! In only 4 months. Be proud!Belive me! We are proud of you!
Very proud!
14k in "just four months"?! You should be so proud that's a lot! Congrats!
Way to go!
Us bobs are different I paid off my 13k in debt this year also I was putting 1k a week on it till it disappeared
Caleb, you should start adding/showing amortization tables for debts like home loans and student loans. That would show how serious interest rates are, AND show how much people save (from interest) if they pay of the first 20%-30% of their debts ASAP!!
Ooh, yes! That's a great idea
That would only be good to show someone who's disciplined and would follow without fail. The moment they slip it ruins the schedule
this is how I decided to use the avalanche method verses the snowball when I got a large sum of money.
She makes such good money for someone her age! If she knew how to budget she could set herself up for life. Crossing my fingers this helped her!
This lady is the standard member of the general public I think, spends like crazy and has no idea why they're in debt.
I have friends like this and I have stopped talking finaces with them. They complain about debt but will roll their eyes at my suggestions.
They make jabs that I'm missing out on experiences, but they also make jabs that my money situation is better than theirs. It's hard to explain that my financial actions match the life I want. I'm not missing out on experiences, I'm just putting my needs first.
Same here! I have been holding my tongue and only sharing my knowledge with those who ask for it! It is exhausting trying to help when people are not really ready to take it.
Same here
We have this one couple that literally complains non stop about their apartment and how the want to move. They got so jealous when we bought our house. They went house searching and saw they couldn't afford anything.
Instead of saving up ( they have good jobs ) they keep bleeding money on vacations and treating themselves. They legit can't even put away $500 a month even though they make 150,000 a year.
I I've distanced myself from the convos after they blew off saving any money w month by cutting off frivolous spending
Remember the analogy with the crabs in the bucket. They keep pulling each other down when one tries to escape. This is the same thing when one person in a friendgroup tries to lose weight. The others often try to sabotage that because they don't want to be confronted with the reality that they, too, could lose the weight if they wanted to. Same thing for finances. Your friends don't want to be more responsible but if you are, that makes them uncomfortable because they have to think about their own poor choices.
People are not as serious as u are,
I have friends like this too. No jabs involved though. They just don’t listen or try and learn all while complaining about the “rat race” or whatever. They’ll catch on, failure is a great teacher.
I feel like she wasn’t completely honest. Her kid doesn’t have any expenses? Clothes? Activities? Babysitting?
I'm assuming the "boyfriend" is taking care of it but that whole dynamic seemed suspect
Her kid is a pet rock
What about her"partner".She does not mention if they live together.
@@TiredofMoronsshe mentions they do not live together, he has his own house
@@TiredofMorons Sounds like a "baby daddy" situation.
I made my household a budget plan that my fiance and I are gonna stick to like gorilla glue. I started this plan all from things I’ve learned from watching your channel. Thanks so much, Caleb. You’re changing people’s lives. Keep up the good work!
That is awesome!
@@frankthefkintank thats a good idea! Thanks for the tip!!
“You’re not going to listen to me”.. Caleb can just tell when the advice goes in through one ear and out the other. Keep up the solid work man! You’ve motivated many of us to better our finances.
I'm an Emergency Medicine resident (residents work 80 hours a week for ~20$ an hour) but I listen to this podcast when I do my sidegig (100$ an hour) to remind me how work now is helping me set my family for financial success in the future.
You're th eman, Caleb!
Keep it up, Dr. McGoo👏🏼
How do you work 80 hours at one job and still have a side gig..?
@@andrewevans7992 cut out wastes of time, work when my kid sleeps
@@andrewevans799280hrs is an exaggeration. People tend to say they work the worst possible hours they've had. They might occasionally work 80hrs per week, but it's unlikely they do it every week
Thanks for having me on the show Caleb. I’ll be back with an update in a year for all the doubters! 😊
Thank you for having the courage to showcase your finances. I believe in you and look forward to hearing good news about your progress. You got this! 🙌🏾
@@aic0809 thank you! The advice was pretty solid and I’m already making adjustments.
yall need to stop replying, this is NOT HER
@@bunaynayslay that is me 🥴
😂😅 did you cancel the Houston trip?
The channel is growing like crazy, and im all for it!
Couldn’t do it without you!!
He deserves it! He gives great advice and doesn’t charge people $50 for a class explaining these things or tell people to give 10% to the church unlike the financial peace university I was scammed into 🙃
Why is no one mentioning how she took money out of her 401k for literally like $4k down on a house. Making $84k a year she couldn’t come up with 4K???
Yeah 😣😣😣
She bought it before US firms went crazy on diversity hiring
This is what I was saying, I could scrape together that much after working 6 months making less than 40k a year when I first started.
@@NapoleonicWargamingholy shit that’s racist
She was like 22 or 23. I’d say she is killing it buying a house at all
I never really realized how far behind I was in the 401k / retirement situation until I started watching. I got my first job with those benefits at 27 and only had it for about 3 years. Now I don't even have that (start up), so I'm considering opening a Roth IRA. By adjusting my budget, I'm able to put away about 20% net into savings each month now. It's not a lot but once my one CCard, student loans, and emergency fund are paid, I'll have a -lot- more to work with.
Thank you to the guests on here who bravely put themselves on here! We all have to start somewhere. Love these I’ve learned so much!
I make 55k and have been overspending for the past 8 months I have dialed back in the last 2 months and finally have an emergency fund.
hearing the statement "not having an emergency fund is an emergency" really rang home to me.
That quote needs to be a bumper sticker
Awesome job!
Thanks to your videos, i’ve managed to buy a car yesterday!!🥳 (all cash) Thank you for making these videos Caleb!
That is awesome!
Super awesome, good for you!!🎉
That's one of my goals. When I paid off my car, I continued making payments to savings to do the same.
@@0Ciju0 I make the same payment to my car replacement savings account.
I've learned some helpful tips since finding this channel but I absolutely love when Caleb runs down transactions on accounts. Almost always a good laugh and I think about my own spending habits as a result.
❤️❤️❤️❤️
He's made me chart out my spending on... well... crap. And if you think folks spending on doordash etc is expensive where they are, NYC is a nightmare! I do ok (even for NYC's standards) but I was embarrassed at how much I spent over a month. Being lazy and not cooking myself is bloody expensive!
@@CalebHammer WAterBURGURR?!?!
@@EndScene food and drink can really sneak up on you since it's a necessary thing, and very repetitive.
I just had a friend do this cause they were talking about finding a new solo place to rent, they found out that they were spending on eating out as much as they do for their portion of rent for their cheap shared place. And that it had taken over their savings and investing portion.
The peace of mind that you get with not having any debt is priceless.
She's going to keep the trips, to her and probably everyone aroud her she's doing well. No one sees the debt, just the nice things, like owning a home. And she really needs to stop paying for budget apps and that credit thing. There are so many free options.
They aren't as detailed.
She's not gonna stick to the plan. She'll drown in debt, go on vacation and never be a good example for her child. I don't understand why people do this, how do you prioritize fun over your and your kids future?
It's especially frustrating because she makes decent money, got a house at a reasonable cost, that's already increased significantly in value...and can't understand it could be gone tomorrow because fast food, weed, nails, and some crappy vacations are more important!!
I actually think the domestic vacations she mentioned (esp the NYC one where she’s staying with family) aren’t really that big of a dent. It’s the nails, smoke shop purchases, etc that really add up.
She has a child....
Baby daddies if she had kids
@@Youre-Welcomei dont really get why some people loved to do nails on regular basis. all i did if im in the mood is to paint my own nails at home and thats like 3 times in a year 😂 kept mine short and clean all the time.
I'm annoyed by the fact that she didn't see the need to bring any of her paperwork or statements. What did she think she was doing there???
🚩🚩🚩😅
Think?
She didn’t seem to care about anything
Well she comes across as apathetic and in denial the whole time so it's not surprising she didn't bother to prep the minimum due diligence
Hard to take her seriously. Every answer she gave sounded like she was picking a random number between 0 and 10
My favorite part of each episode is waiting for Caleb to weave in the "you should subscribe" line flawlessly.
Haha same!
It is really funny how it is flawless and at the worst time at the same time. It really cracks me up.
Caleb has taught me more in the last month than anyone did in my 35yrs of life. Thank you!
I work 2 jobs and i'm making the best income i've ever made in my life, but I just turned 39 and I have a decent amount of debt and no saving or retirement yet. I know I am hella behind, but I am on track to turn things around. I like this content because it really gives me perspective on how bad or good my finances are compared to other people in or around my age group. And its a little relieving to know i'm not the only one with fked up finances.
Hi! From one internet stranger to another. I am rooting for you! You can do this!
Caleb, thank you for such consistent uploads! You make Monday Wednesday and Friday mornings so much more enjoyable
If I were ever on this show, Caleb's tagline for my video would be 'She would rather get her hair dyed than pay off her student loans!' I can hear it now. Thank you Caleb as your videos always bring me back down to reality. Time for change.
mine would 100% be "drowning in new books while drowning in mortgage debt" lol
@annetawney2408 oh my gosh right?! Lol
I'm a stay at home mom. It would be something like "she refuses to work!" But we have no debt outside our house and never have. Building the emergency fund back up and have some retirement (he'd be upset about where we're at with that) and we have a general savings going. So me not working except side stuff still has us better off than most of these guests.
@@jadiecakes3241 I have never related more in my entire life STAWP- 😭😭
@@kunya16 Your children are only young for a short period of time. Enjoy every minute with them - it is time well spent.✌🏽😎
Watching this channel has helped me realize “I’m not a credit card person” and that’s okay
Ditto. I keep them all in my bfs wallet. We're saving together so the shame of asking for it is usually enough to control impulse lolol
@@lawfullucyless6715 I keep mine in a lock box and gave the key to a trusted person. I need to save too!
On the HVAC price shopping point at 18:21 - my husband and I on average have learned to obtain AT LEAST 3 quotes for things - whether it’s painting (lead-removal in our case), asbestos removal, gutters, carpet, etc. We hand seen huge differences in price. We don’t always go with the cheapest but it definitely gives us bargaining power. And, ALWAYS ask if there’s a discount for paying in cash - we’ve been able to pay 5-10% less than quoted!
Works for insurance as well..
The cash quote is great because I am sure some blue collar people would love to make some tax free cash. Giving a 10% discount beats paying 30-40% tax on it
LOL, I love how Caleb is so frustrated that she planned these trips, but out of morbid curiosity has to ask, "...where are you going?"
I think he was trying to gage whether it was going to be an expensive European vacation or all inclusive type thing.
Thank you for this one Caleb! I have seen too many friends & family go broke for vacations because “experiences are worth it” and use debt to go. I hope this helps highlight the over prioritization of vacation or luxury lifestyle is a financial epidemic.
Caleb, you were so funny about the 401(k) withdrawals. “You could murder someone, too, but there’d be consequences!
That cracked me up! There's obviously a difference morally, but the "that's just something you never do!" energy was great.
@@joeshmoe001100 The sputtering outrage and high octave. 🤣
Caleb I hear what you're saying, but have you considered she *feels* like she can afford a vacation?
😂😂
Dave Ramsey: CHILDREN do what feels good.
😂😂 Good point. Did you consider that caleb? The people want to know
She is living in her own little world that has nothing to do with reality.
She could...if she didn't have student loans, hvac debt, mortgage, $400/gas, car payment, child expenses, and no emergency fund.... 😢
Caleb your videos changed my life. I’ve been doing great already; zero debt of any kind and yet I still have learned so much. Other people mistakes are really eye opening
you can tell she’s not happy with him scrutinizing her at every turn and she looks like she’s afraid to open up about her debt situation, her thoughts and feelings regarding her finances.
Of coarse. She is the person in her family who is probably doing the best, or appears to, so when she is always being praised it inflates her ego and sense of accomplishment .
She makes way too much to be doing the whole “hehe I don’t understand why I can’t money” routine. Compliance analysis is a complex job, she is fully capable of following a budget and understanding the consequences of penalties and interest.
Wish her the best but she needs to pick up the reigns of her financial life or she’ll end up in poverty one day.
Yeah, the cutesy attitude gets on my nerves…
Maybe it was through nepotism or favoritism. We don't know.
Maybe she's not qualified for the job but got it out of nepotism or personal connections. Most workers are incompetent in their roles
You can be great at your job and incompetent with money. Just because she sucks with money doesn’t mean she didn’t work hard to get where she is.
I gotta be real, she more than likely sucks at her job. There's absolutely 0 way shes a good compliance analyst, if she cant even analyse her own life.
I’m so thankful for finding this channel because I suffer from the same lack of financial literacy that so many on the channel do.
You can do it!!
Same. I haven’t made any big mistake yet but I would definitely have messed up my life if I didn’t see this channel now when I get a good income I’ll be sensible 😂
same this channel gives me anxiety, which I know will help me in the long run
Keep watching but, to start with, the most important things are:
- don't accrue debt, compounding interest is financial death; kill any unnecessary expenses until death is tackled
- it's tempting to spend money to enjoy life when young but that's the best time to start saving/investing; keep costly fun to a bare minimum and save like crazy
- diversify and build contingencies
- assets that make you money are where wealth is at, side hustles and the like will never make you rich unless you can reliably grow that to business making millions (in which case it shouldn't be a side hustle)
Caleb, love the show. Get a young firefighter on the show. Traditionally, no student loan debt, high income, preferable schedule for a side hustle, great benefits and pension. I've seen many waste their best compounding years not investing and blowing money on trucks, boats, vacations, etc. Keep it up..Strong work
Cops and firefighters are the worst for blowing money on toys. Good thing they have a foolproof pension. Some are financially savvy, though.
Wow, that would be an interesting episode!
Caleb, you're awesome. Would love to see you do a financial audit of yourself! Would love to learn your own situation and how you think about the pros and cons of your own financial world.
I want a one year follow up. I want to be surprised that she actively works to get out of the situation she’s in. From her attitude and reactions I feel that she is not committed.
NOTIFICATION GANG! HERE WE GO!
Lol at everyone who needs a notification. My brain has become hardwired to watch the clock every 10 minutes after 10:30 my time on Mon/Wed/Fri to watch the video right away
@jonl9459 sounds like way more work then just turning on notifications lmao
Yesir 🎉
My algorithm just loves Caleb and he pops up on my feed as soon as a new video dropzzzzz 🎉
This always comes on when im getting ready for work!
Started routing 10% of my check into my high yield savings account every paycheck and making sure there’s no access. It’s gonna take a little bit but I have to get started. You’ve helped me so much! We have gone from broke to comfortable and able to what we want to zip again. Learning the hard way! Thank you so much for your uploads!
Caleb is going to have download the app Calm after to meditate with all these guests's crazy spending stories.
Caleb needs to be on calm just saying “taquitos!” I’d find that very therapeutic
He needs to play some calming music in the background while he deals with people like her. 😂
Calm is gonna sponsor him soon
He should wait for a sponsorship. Calm isn't worth paying for, there are plenty of good relaxation and guided meditation videos for free here on UA-cam
Caleb's channel is growing so quickly - Jesus h. He's doing so many things right. Great personality, very entertaining. Can't help but love him.
glad you have become friends with money guys, love both your content!
Sassy Caleb is my favorite Caleb 😂❤ this channel has made finances sooo much more approachable and less terrifying. i applaud all guests that put their budget on the line 👏🏼
The immaturity of these people is starting to make these videos hard to watch. It's beyond frustrating to watch how nonchalent they are about everything. Sidenote....she's not going to do anything that he suggested!!!
Nope. At the end when Caleb asks if she can do it you could tell she wasn't serious.
They're always looking for someone else to blame. They rationalize bad behavior and then blame rich people, corporations, the government, and just about anyone else when they stay poor.
@@fishroy1997 Then they elect people like AOC to give them handouts and forgive their loans. She 3arns enough to make those student loan payments, but she’s p!ssing it away on manicures, vaping, and eating out.
@@fishroy1997found the bootlicker.
Those who lack intelligence absolutely angers me to the point that a black pit forms in my heart ugh--and then also having a child who might become like them?! My gawd no.
I feel for her - she’s been sleep walking through her financial decisions with likely no financial education. He’s going very hard on her with the best intentions. I really hope she can take it in
I think the "can I have some budget for eating out?" question is legitimate, Caleb. You can't take someone who's been spending a crapton of money eating out and tell them they have to stop completely for the next X number of years, in my opinion it's unrealistic and it's just going to lead to them doing it anyway. And once they start breaking the budget to eat out it will make it easier to justify breaking it in the future for other things like vacations.
I feel like allocating even just 100$ a month to entertainment right off the bat is probably more sustainable and would lead to better compliance. Whether she uses those 100$ to eat out or saves them for a vacation is up to her, but imo you NEED some budget for just enjoyment.
I personally went years without taking a vacation and almost never going out, but most people couldn't do that when they can see the money in their account and they feel like they have it.
The American system with 401ks etc is great for people who can ACTUALLY think long term, but I think it's actually very detrimental for the average financially illiterate person compared to what we have here in Italy (where the state just forcibly takes 40% out of your salary and ostensibly sets it aside for your pension).
Agreed. It's like dieting.
It is much more sustainable to eat in moderation, and to be able to go out to eat one or twice a month. Than to just go cold turkey on everything. I know this from experience. I have had much more success with eating what I want to eat, in moderation, than cutting things off entirely.
Like you said, it is just unrealistic, and makes it that much more likely to break, and harder to come back from breaking.
I am based in Germany and won't be able to come on the show. But the help and insight I got from the cannel is so valuable. Thank you! ❤
I notice that Caleb always says "give yourself a score, zero out of ten" 11:53, I know everyone knows he means "give yourself a score, on a scale from 0 to 10" but it's just funny to me because it always sounds like he's giving them a 0/10 verdict
Been here since about 200k subs. Been watching every installment i can. Keep up the hard work caleb! Youre saving peoples futures!
I'm in like 15k credit debt but am working actively to get rid of it but watching these videos make me feel way better about my situation 😂
You got this 🤟
@@ImVeryBrad I appreciate it 🙏
An emergency fund when you own your own home is essential! We had a single tree fall in our front yard during a storm. Trees falling in the yard aren't covered by insurance. One tree cost $1,400 to have cut up and hauled off. Appliances break all the time and because they are now made to break down sooner, you'll be buying appliances more often than you think. HVAC, sump pumps, plumbing, electrical, roofs etc all break at some point or need to be replaced.
I’m like 10 min into it and was like wow she’s doing an awesome job , great paying job, house doubled in value, then she’s like “I don’t know how to budget” and I was thinking about all my friends that make six figures and eat out everyday and buy shit on Amazon like there’s no tomorrow and I’m like “ah yes, lifestyle creep” lol
My dad passed in August from lung cancer after smoking for nearly 50 years. Treatment was awful, watching him deteriorate was horrendous, and caring for him on hospice was heart breaking. It’s more ghastly than you can imagine, to happen to you or to watch a loved one go through it. I don’t care what you’re smoking, please just quit.
My husband's best friend had COPD and suffocated to death because the power when out when he was asleep, shutting off his oxygen machine. He couldn't get to his other tank in time. We quit smoking when he first got sick, but this really made us decide to never smoke again.
I'm so sorry you went through that.
My husband and I are working on paying our debts. We have a well funded emergency fund at this point and these videos have been motivating. Working to provide a great future for our child.
They'll complain about rich people and vote for handouts also. Most so called "rich" people worked hard and worked smart. Fact.
Caleb pumping straight fire almost daily!!
Hey Caleb, long time viewer here. If I may, I’d like to suggest a couple things.
The plan to pay off debts feels rushed. Its hard to keep up especially without any visual aid. It feels like you’ve gone through it so many times before that you rush what you’re saying.
Perhaps this is something your editor could help with with like what you already have for the budgeting graphics or even incorporate a whiteboard so both the viewer and guest in-person can visualise.
Watching all these videos has changed my financial life and situation. Thank you Caleb!!!!
I wonder if this girl is considering the “experience” of her child having to financially take care of her in the future when she has no retirement or money to fall back on
I honestly think some ppl have children for this reason, sadly
No, because when you're still at the mentality that is common in your 20s you're thinking more selfishly and want to live for adventure. The child wasn't planned like many children in America.
I’m always surprised the time it takes to recover from a few bad decisions.
That should be put on a billboard
Facttttttt
This is why my parents are so mean to me every time I sell an Apple stock 😂😂😂😂
I appreciate him apologizing for being rude to her 😂
He needs to triple down cuz she's a wreck!
Nah sometimes Caleb be a little outta line! 😂
@@missmia196 his spot, his rules. Don't like it leave or don't go there
@@missmia196no you guys are just soft just like everyone around her, no one has ever told her how it is. Now she’s a wreck
Screw apologizing, she needs to get it raw
More people should be rude to her in her face, she comes of as extremely unlikable.
Really enjoy watching your videos .. I'm over the pond in the UK. Find all your videos educational, deffo stuff that people everywhere need to be educated on personal finance. I work in finance and it's amazing how many people I work with are in debt and don't know what there doing .
I just started watching a month ago. I am in no debt but was really scared I was going to be. I have made myself a budget and opened a TFSA for myself, got mint to track and hold myself accountable. I make more coffee at home, I have two credit cards but I never spend more than I have because of the budget and I am so appreciative also to a good friend who showed me this channel and also helped me create my budget.
I love what you do for people and I hope whoever comes on the show eventually understands the importance of finances. I am by no means a professional and am still sorta financially illiterate but am much more confident.
Also like to mention I am 23 in October and feel like I’ll be on track with my savings in the next few months. Thank you again Caleb!❤
We all need a Caleb Hammer in our life. Thank you for your content. Praying she stays on track.
There is absolutely no chance she sticks to this
😂
I 100% agree, her facial expressions throughout the video says it all
“Mm yeah”
Can’t wait til you hit 1M subs. This channel is absolute 🔥
Reminds me of one of a girl I know :( she's drowning in debt but always decides to buy fancy, expensive clothes and go on vacations to big cities to drink and party. It breaks my heart that these types of people don't see the future and how these decisions will seriously impact them later.
To be fair, her base situation has her in a much better place than MOST other guests on this show lol. She reminds me of many people her age when they make decent money, horrible budgeting skills!
Exactly I need her to go on Ramit Sethi's show to take advantage of better investing skills. I love the way he breaks that down for higher earners 70k and above.
She thinks her salary justifies reckless spending across every category, but it's just about the only positive aspect in her financial profile. I'm genuinely scared for her.
She is one lay off away from losing everything and she doesn't realize it
Im really liking that pie chart of her budget. Really helps visualize things
Love the pie chart too. Way to go, editor!! 🎉
My husband and I have had such a rough month financially. I’m thankful we had a well established savings. After an unexpected flight for my husband to see his suddenly dying father, and the need to replace doors on our house to hopefully improve the cold air leaking in and extra heating costs during the next winter (Northern MN here) and a bunch of unexpected medical bills due to my high risk pregnancy…Uufda, this month has really made me happy we have stashed so much away. It still hurts to use it, but at least it was there! Now I’m just anxious to build it back up! But these videos really help me stay focused on the goal at hand. I just wish they were 5 days a week so I’d have something Tuesday and Thursday to watch while I work also 😂
I’m so happy you brought up the money guys. I’m a heavy youtube user because my job allows headphones and you two are the channels i love watching the most. It would be really cool to see you do an audit on them if they agreed. Or even see you as a guest on their podcast to break down how you audit yourself. Keep up the amazing work❤️
I work in Staffing and am always working with people who don't know how to handle money & budget. Had a young lady in 2023 who lost 3 jobs through us from 2022-2023 and often would complain about the money she wasn't making, but would take these vacations all the time during the probation period of her hiring process.
One day a company we had her placed at reached out letting us know she is having attendance issues & were just made aware she plans on going on VK at the end of the month & that VK on top of the attendance issues would lose her the job. I called her & let her know that this is going to lose her another job and the immaturity I witnessed was insane. "I gotta LIVE MY LIFE!" was the excuse, but I reminded her how close she was to losing her apartment (admitted by her when we gave her the 3rd chance to succeed) and she didn't care. She lost the job, we terminated her contract right after.