I'm a financial advisor and this is exactly how it is. A lot of cognitive dissonance when rationalizing debt. They often think like she does that "as long as I work harder and harder the problem will go away." But the problem isn't how hard they work, it's their habits and relationship with debt.
I'm fascinated by economics so seeing the psychology and hearing how people like you tell their story really gives a fresh perspective. Since you're a financial advisor is there some sort of calculator online or web resource I can use to determine my overall wealth compared to other Americans? I'm not living paycheck to paycheck but I feel like I'm in the dark unless I can compare my financial wealth to others in an objective manner.
She has told me people have reached out and started to harass her. If you are someone that would even consider doing such a thing, LEAVE NOW. I would never want that kind of hate in my audience. We all have problems, and one of hers is financial. Bullying someone is not going to help... 1 of my first 10,000 subscribers will win $1,000, and 5 will each win $100. You will be randomly selected and announced within the first week of hitting 10,000 subscribers!
This stressed me out watching how nonchalant she is about all this debt. I definitely have to have this talk before going into my next relationship I couldn’t imagine dealing with someone that lives like this.
175k in student debt and spends double what she makes a month. If your gonna have that much in debt better be a house or business otherwise your always be behind. Reminds me of millennials money
He actually mentioned this interview when he was on the Iced Coffee Hour (he didn't name her but this is only video that fits the description). ....she was apparently uncomfortable with the exposure from the video and doesn't want any further.
I had to make a comment about the Apple charges. I worked for Apple for little over 3 years in their iTunes billing. I find it hard to believe she called Apple and received no help regarding the identification of the charges. That was literally most of my job, telling people what their unrecognized charges were. She can easily go into her purchase history to immediately identify what is being charged. Her explanation doesn’t add up.
As someone who works in the banking world my guess is fraud. Best bet would be to cancel that card to start fresh - if it's a legit bill she can just re enroll in it later. It's an annoying process to close out a card, but if it is illegitimate she can dispute those charges from at least the last 60 days with a decent chance of getting her money back :)
I paid off my student loan debt during the payment pause. ALL of my money went to principal, and I did not have to pay any interest. One of the best financial decisions I’ve ever made.
My heart breaks for people who were financially abused by their parents, my own mother stole thousands from me, it’s soul crushing to trust a parent and they take advantage of you
100% I thought I didn't understand the concept of money but she was taking it from me so I didn't know what's going on. I also didn't understand student loans and what that would mean. I left home with $0 and nothing . no job, it was awful. 5 years later I'm saving, rent, have a cheap car and I'm doing everything possible to make sure that I can give to my children. and not take
I remember when I was 16 and I saved 1,000 dollars. I was so proud because I finally found a way to help me save efficiently. I was going to put it into my savings account, and I accidentally left it in my car. Come to find out my dad spent all my money, on gambling and on drugz. I was so disappointed in him and just went upstairs to cry in my room. After that I’ve never trusted any one near my money and have always been careful where I left my money. This wasn’t the first time he stole, but it definitely was the most, and he never even said sorry.
@@lakctalks2818 That’s terrible. So sorry that happened to you. My mom is elderly and always asks if she can borrow my credit card to go have lunch with her friends or whatever. Always says she’ll pay me back but never does. If I add up all the times I’ve let her use my card for lunches or gas it’s probably thousands of dollars over the last few years since my dad passed in 2018. I know it’s my fault by allowing her to use it. I have stopped, thank goodness.
It's funny to see the difference between these early caleb videos and his videos today. He lays into people way more in his current videos (which I love 😂, and I think is generally what they need).
I agree this needs to be a series because peoples future financial lives are SO dependent upon their current financial life situations that it’s not even funny. Caleb you are single handedly redirecting peoples lives to the positive and for the better if they listen
Her roommate seems suspicious. I can’t believe she’s paying her rent on her behalf!? And then she mentioned the roommate’s boyfriend might live with them too? Ummm. No! I guarantee you there’ll be more financial drama with another person in the mix
I couldn’t understand her paying rent for roommate until hearing that she lost her mother at such a young age, and her father stole from her and saddled her with IRS debt. She’s probably looking for family and love, which unfortunately means she can be further manipulated and used.
The fact that she mentioned she was going into real estate is another major red flag. Something like 95% of new agents don't make it past a couple years or don't close 1 sale, in fact, she'll be guaranteed to lose money on broker fees, association dues, and licensing fees. Financial literacy needs to be taught in schools because it's unbelievable how deep in the hole she is without realizing it. I hope that she's able to find a way though.
From my experience, yup. Got my license. Did it for about a year and got nowhere. It’s not easy or as sexy as they make it look on tv. And now I’m part of the 80% that didn’t make it past two years lol but you live and learn and I don’t regret it honestly
I had the opposite experience & made it in real estate when the interest rates were 17.5%. There is one big difference though… I was scared to death. I was willing to work 16 hour days every day for 6 months until my income became more reliable. I am fully aware that I was a unicorn, though. That is not the norm, but it can be done.
To be honest, you can’t be socially responsible for other peoples financial issues.. it’s not college anymore. You are responsible for your own food, shelter, & transportation. If you friend doesn’t work or pay rent they can’t move in. Adulthood doesn’t choose you, once you’re on your own, you’re an adult.
You can when you can afford it, but she can't afford it and she doesn't realize that. I feel like she doesn't understand the ramifications even after laying it all out there. Clearly she doesn't want to do the hard work here of making cuts, and prioritizing more lucerative careers/jobs.
Unfortunately, you can definitely be legally and financially responsible for other people's financial issues when you sign a legal contract together. Her and her roommate signed a lease that said they were both responsible for paying rent in full. It sounds like this lease didn't specify who pays what - it just said they both need to make sure the total is paid (this is really common where I'm from, I've only seen the rent split up in college towns). It sounds like the roommate was paying at one point but then became inconsistent so I'm not sure there was a way for her to see this coming. What would you do in this situation? Talk to the roommate? Roommate says no. Talk to the landlord? It's a management company so they don't care, they'll just evict you. Pay $6000 to break lease? Eviction sounds like a better option lol but where are you about to go with an eviction on your credit report. Hire a lawyer? With what money- the imaginary money that's gone to overdraft fees. I think she had the wrong idea on being able to afford her car (she can't) but the lease thing was a fair point. It's a sticky situation.
Man I hate you but I love you…. Unfortunately I’m not great financially. And after watching these videos I’m sitting in bed doing finances… and yeah I can’t afford my car… I gotta sell this thing and just pay off my debt. I gotta take accountability. Thank you for this!!
You got it bro! Small steps but keep moving in the right direction. Most important thing is to review every week/month and ACTUALLY stick to your budget!
Caleb's stress levels in this video were over 9000. Great stuff Caleb. I've only recently found you and love the content you're providing. Keep it up, you've earned yourself a sub. Cheers!
Ok, I would be at the Apple store Raising Caine the minute I see a $3 charge they can't explain (and immediately remove). Who the hell just pays $160 a month in unknown fees in perpetuity?? I honestly had no idea people like this existed. She seems like such a nice person, too. But her roommate is taking advantage and she needs a serious wake up call on the student loans. Aside from winning the lottery or being cast as a lead in a Marvel movie, she has no chance of paying those loans down by half in five years. It's so heartbreaking.
I agree! I’m constantly checking my account on a daily basis and the minute I see some weird shit that doesn’t match or reflect what I’ve written down in my budget I’m gonna do some digging!
I just discovered this series, and I really need to call my parents and thank them for teaching me how to think about money. I think I’m in a bad place sometimes, but these people blow me away.
Her $110k in loans ballooned to $225k because she doesn't understand interest. She is losing 2k a month to it and doesn't treat it as her top priority. It's dumbfounding to me that she graduated form Baylor and does not understand that. When she said "ew" when suggesting she pack a lunch my jaw dropped. I do feel bad because she is financially ruined but it's hard to have sympathy because she makes all of these bad choices and doesn't realize or care about the consequences. You did an awesome job lying out her situation, and you tried to get her to see it through a budget and a 5-10 year plan. She just doesn't think anything is her fault or that anything needs to change. If she doesn't accept responsibility and start living within her means her student loans are going to spiral even more out of control.
Thank you so much! I really want to help her. I give tough love here, but I've been keeping in contact with her and I want to help her in any way I can!
@@sophiaatn5339 Can you really not see how entitled she is every time he talks to her about cutting off needlessly wasteful purchases? Or the fact that she looks down on packing her own lunch vs paying money that she doesn't have to buy out lunch?
Caleb, you are a great active listener and you don’t talk over her even when I can see how concerned her debt makes you feel. Thank you for meeting up with her. I hope this conversation with her can make her reflect that something needs to change.
A big thing I'm noticing about most of these videos is how almost everyone is making payments on a car they cant afford. Driving used cars is something I'm happy was instilled in me by my dad when I was young. I'm an engineer now making good money and I have never made a car payment in my life. My current car is an 06 and has a kbb value of around $3,000.
I don’t understand it either, I had my dads old car for almost 7 years before I bought myself a used car with a hood down payment so I only pay $200 a month. I don’t know how so many people are okay with paying $600-800 a month on a car
Man…her attempts to rationalize her poor choices and behaviors is sad. I hope she watched this and sees just how bad her situation is. I got the feeling she doesn’t want to have any compromise. I hope your interaction woke her up and she has the courage to change her life direction.
I feel so horrible she was coerced into this crippling debt at such a young age by the one person she should have been able to trust. It's heartbreaking. Hope she can find a way out of that.
Yes, like I dont think she's clueless. I think she's depressed. Like I'm sure it feels like there is no end in sight, and I can understand the impluse to give up 👀🙃 these are some real obstacles she had faced. I wish she could sue or get some of that tax debt from her dad forgiven. Like how can they collect on tax debt you accrued as a literal child lol
Absolutely underrated video. You did a deep dive into this one individual but I feel like you really showed the current state of debt and financial education in America. Subscribed just for the sheer panic inducing behavior your interviewee instilled in me.
@@CalebHammer The reaction over the car loan was tough for me to see. Hearing you explain to her the difference between loans that can be sold (through selling the item back) and loans that cannot be sold is golden advice money can't buy.
We watch and we learn. Let's appreciate these brave people for coming on this platform. Also, whether they want to change or not, that's not an invitation to harass and disrespect. Our society needs healing and help because not all of us were born with financial intelligence, please brothers and sisters...watch and appreciate without HATE.💯⚘️❤
As a young single woman, there is no way that she should be this financially naive and vulnerable, hope she buckles down and puts this in perspective because later in life it will be much much harder to recover from.
Its sadly uncommon, they think they can hustle to offset the irresponsibility. Deep down she probably thinks when she makes it none of this would matter.
This young lady needs therapy to help her unpack these issues and change her behavior. This is not a one financial session change. It’s going to take time for her step by step. She’s young and when she discussed the issues with her father, it’s understandable how things got this way for her. I hope that she uses the resources she needs to get help.
I agree, there's a combination of financial and familial trauma that she needs to sort out. It's been months since this video came out so hopefully she's gotten the help she needs
I'm in the exact same situation. I keep praying for more deferrals so that I can continue increasing my savings to make financial moves sooner rather than later
“Pack a sandwich” “ew”, like you don’t have the financial position to be able to ew at that, its a huge indication that she’s not able to recognize her financial position
I get that she makes bad choices financially but it’s hard not to see how at a young age she was put in a horrendous place financially by someone who was supposed to be caring for her. She literally walked into adulthood with 1000’s in debt because of her father. She made the decision to go to Baylor as a high school student because she was encouraged by her dad and trusted his word that he would pay for it. Her current decisions are making a bad situation worse but I’m floored by the hand she was dealt. Honestly when the debt feels insurmountable from day one and it’s not something you played a role in creating or understood yourself I get how she developed this level of dissonance. I feel for her honestly and I hope she can find a way to align her actions with her goals and get the debt down.
While I appreciate the vulnerability (because let's be real most of us wouldn't lay out our entire financial situation on social media to be criticized and judged by strangers), SIS STAND UP! This is ridiculous. Your dad did you dirty, but now it's time to take control of the situation as an adult. If you listen to the very end of the video you can tell she thinks she's going to become a Hollywood elite and be able to whip out all of her debt...she's praying for a lottery ticket.
Pretty sad how her dad did her though but she def needs to take this guys advice at least with the bankruptcy aspect of it so that she can focus on paying those student loans because Babyyyyy 😩it’s time to put that degree to work for sure, she needs to know that she can pursue her dreams still even with a 9-5 also her cousin must be from her dads side of the fam because she is def using her.
She should sue him that’s the only way she can get this student loan off her since her dad used her education money and she has to take out loans… I doubt she will take him to court tho
There should be a disclaimer with all social work degrees. I wish there was a correlation between your major and what lenders are willing to give you, it's crazy how the borrowed cash flows when you're still technically a teenager.
I’m on my debt free journey now paying $3k towards SL each month. I graduate in a few weeks with my Masters so I’ll use the extra time to pick up a part time job. I also have a car loan and shopping for a cash car right now. It’s quite difficult because my budget is $6k. Based on my plan, I’ll have all $34k from undergrad paid my January. Then start attacking my grad school loans. With the part time job, I’m hoping to up my payments from $3k to $5k. Thank you for the video! I hope to see more. I also just subscribed to your channel.
I got my first job when I was 16. The business owner I worked for gave me some advise when he gave me my first real pay check. He told me I could become rich and be in control of my life if I lived on half of my pay and invested the rest. That was 50 years ago. I've driven used cars that I fixed myself. Found jobs that paid for me to go to night school. Restored a $2,500 mobile home and lived cheap while growing my income and investments. I totally avoided debt eventually buying my dream house with cash. Now I'm retired and enjoying both a simple life and financial security. Avoid debt and while some people think there is good debt, all I can say is not for me thank you. For me debt of any kind is a form of voluntary slavery.
Maybe deep down she’s hoping a rich man will swoop down and wife her within the next few years. But that is at best a lottery ticket. Yeah, so many young people are delusional. Sad.
I know a dude that has been in real state for 15 years now. The guy can sell shit to a shitter. He told me you need at least 3 years up until you make your first big sale.
People like this can't be helped. She's not listening nor does she take her finances seriously. You give her an overview and a solution, she justifies the irresponsible behavior.
A lot of things that happened to her also happened to me but at some point you have to realize that no matter how much other people fucked your over, you’re the one who has to live with it and make the best choices for yourself you can. I hope she can improve her spending habits and fix this situation but if the attitude about money doesn’t change I don’t see how.
This is going to be a Top 5 personal finance channel someday I love these Mostly because it makes me feel good about my life choices but still great job Caleb
It’s still the results of her actions. She went to a very expensive college and watched the bill grow. That said. It shouldn’t be possible for her to take out that much student loans. Try doing that for any other investment
@@aualexstanfield Exactly. Student loans are so predatory. I’m sure there’s no way her dad and her could’ve been approved on a $100,000 loan for anything else. And her dad screwed her through tax liability on her inheritance! I’m sure he probably didn’t mean to, and is probably as financial illiterate as his daughter, but now that it’s all come to a head, he refuses to take responsibility and help her out with any of this debt he helped cause simply because her aunt found out and he lost his job.
Love this channel. Binging this is making my schadenfreude absolutely explode. These people have literally ruined their lives, can’t retire, and will die working. If I could turn this into an substance and shoot it up to get high I would. Omg. Love your reactions and gestures and stuff too. Delightful channeln
Lol. You got that right. She is completely and utterly screwed beyond all measure. If I was in her situation, I'd have blown a hole in my skull already.
I think people need to realize that Caleb isn't a financial advisor - he says so himself. He's a financial geek who is putting out these videos for education and entertainment purposes. Financial Advisors don't really operate this way. A financial advisor would sus out pretty quickly that this person doesn't have any money and her situation isn't going to change in the near term and decline to work with the client. People like the woman in this video are intractable and she'll continue to be in the situation as long as she refuses to engage with the debt problem
@@Sunshine4 It's same with fitness experts: if the client resists the steps and won't follow the plan, nothing changes and then the client may get mad and blame the instructor for their failure because of their lack of accountability. If people don't come with the spirit to make a change and follow the financial plan, nothing will change even if they get a financial advisor. Financial advisors are people too, they can choose to work with people who actually want the help and will make that effort. Financial literacy, however, is everyone's personal responsibility, they don't need a financial advisor for that.
@@Sunshine4 financial advisors are not for getting out of debt. That's not their purpose. It's financial planning for the future. It's for investing andife insurance. They don't really do anything with debt
Her Dad pushed her to go to expensive university (that she couldn't afforded) but refused to financially support her. This will ruin her for the rest of her live. This is truly child abuse.
I'm guessing the Apple charges are games or apps or something of that sort. Theres no way she called Apple and they said they couldn't locate the charges.
Definitely agree. Personal finance should be thaught in middle school and high school. Just because you pay your bills doesn't mean you are good with your finances.
@@Coastpsych_fi99 it is crazy. If you were to go to a bank with minimal work history and want to borrow $120,000 they would laugh you out of the building. But you can EASILY get that same amount for educational loans.
I'm so addicted to this channel! Our finances are in good shape, thanks be to God, but watching series like this one keep us from acquiring debt or wanting to live beyond our means. The secret is to live as if the salary rises and job promotions never happened. Our next goal is to pay off our mortgage in ten years, God willing.
I don’t think you guys realize how the use car market is. There is no such thing as a 5k reliable vehicle. You might find one for 5k lots of miles but definitely not a 2018 with low miles for 5k.
@@fernandovazquez7272 car market is currently crashing, might need to look back to this in a couple of months! Unless the supply chain slows down again.
I am currently watching these videos as motivation while currently reviewing my finances in the form of a financial audit too. I have been trying to long on to mint all day but no luck. I am also trying to log into all of my accounts to verify stuff. I recently learned that my student loan servicer changed.
Crazy thing is, she seems like a smart girl. She is just living with so much delusion about her finances. She also just lets people close to her take advantage of her from what it seems. Super sad that she’s going to be forced into bankruptcy at such a young age.
It’s a very sad situation :/ I hope she’s able to sell her car and find a better job… if she does, she could start cleaning it up… but it will take a long time.
I’m currently about to go into my senior year at a public university. I’ll finish with two bachelors degrees and some masters credits for 30k of debt. That’s absolutely wild she paid so much for college. Private schools are a scam!
Private schools aren't a scam and some of them (mostly higher-tier) will offer financial aid equal to or more than public schools. Take MIT for example, if your family makes under
@@Meta_data yeah I suppose it just depends which schools (and possibly state). I know a lot of the private schools in my state are super expensive with no extra benefit, but I agree that doesn’t speak for all schools.
I agree that it's super annoying when you make a rent -- or any other kind of payment -- and they don't take it out right away. And sure it's easy to say "Keep track of it" or "balance your checkbook" or whatever, and that's not WRONG exactly, but also...this isn't 1960. Payments and credits should be nearly instant, and if the financial industry isn't there yet -- it needs to get there ASAP, like yesterday. This is no longer acceptable like it might have been a decade or more ago.
This is so hard to watch. Instead of owning her mistakes and trying to do better, it's excuses left and right. No accountability, no real desire to do better. That said, fantastic series, I hope you make more and you earned my sub.
Money is easy, just like dieting is easy, but what's not easy is trauma + money, or Trauma + food. Once there's some significant trauma involved with someone's financial health it exponentially increases the complexities of improving one's finances. This woman has had some notable traumatic events that featured money as a major focal point in them. Imagine the trauma of losing a parent and having the other parent ruin your financial future before you're even an adult-- Like yikes! So it's just excuses on the surface, and annoying to navigate as someone not part of the issue, but it's super complex and dynamic under the surface, otherwise she'd be in a better situation. I think the trouble is, that so many people don't do the work to overcome the trauma part and so the financial part continues to fester and worsen. She needs to really deal with the emotions of the betrayal of her father or that will ruin her entire life.
I would love to see a one year follow up series with these people. A common thread is a lot believe that their incom will quadruple or more in the next year. That’s fine to try but for right now she needs to sell everything and buy a beater and when she becomes a famous. Model/actor she can buy a nice car then.
The most annoying part is hearing her say "the life of a model and actress is so expensive" bro YOU'RE NOT A MODEL OR ACTRESS it's not gonna take off sometimes you just need to grow up and face reality.
How it’s even allowed to have someone to carry 250k$ in debt with no feasible way to pay it off is mind blowing. It should at least be legal to declare bankruptcy - at least then the lender would be incentivized to choose who receives the loan, since they would have to consider the risk of default. In this case, their only incentive is to increase the debt - the payee is on the hook no matter what
Exactly the situation I'm trying to prevent for my daughter. She's only 4 but I'm putting things in place to keep this from being her future. Sadly, this young lady's father failed her..
@@veroniquevesta7516 100%. All you can do is give them the tools. They have to use them but this young lady did say her dad squandered her college fund when she was younger. If my daughter does end up in a similar situation it won't be because I didn't give her the proper guidance or was an active participant to the detriment of her future.
The best thing u can do is not lie to her like many Gen X and Boomer parents lied to their kids about "follow ur heart" degrees. No, ur "Womens Studies" major will not help u land any kind of productive jobs. Honey, if u major in "Chicano History" u will be working at Starbucks ur entire life. We need to encourage kids to go to school in STEM, medicine, etc.. And if they are not interested in that then go to a trade school and start making money as fast as high school. I repeat, DO NOT MAJOR IN HOBBIES and get $200K into debt over it!!!
Her talking about the bank not posting the transaction right away and then she overspends and gets charged a fee is EXACTLY why I have a spending app that I manually put my paychecks and every single charge into. It’s just a habit now. But I always know exactly how much money I have available at any given time.
Thank you As someone who only got their fincial education in HS this helps so much In college rn learning to manage money/invest/apply for scholarship/and manage student debt all at 19 it’s a challenge but it’s very important keep the vids Comming!
Just wow. You didn’t even tell her the best part. If she doesn’t pay her student loans they will take her social security check in retirement and she’ll never be able to retire. Incredible how she justified being a financial train wreck. When that car eventually dies she won’t be able to get another without paying crazy interest
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I'm a financial advisor and this is exactly how it is. A lot of cognitive dissonance when rationalizing debt. They often think like she does that "as long as I work harder and harder the problem will go away." But the problem isn't how hard they work, it's their habits and relationship with debt.
I'm fascinated by economics so seeing the psychology and hearing how people like you tell their story really gives a fresh perspective. Since you're a financial advisor is there some sort of calculator online or web resource I can use to determine my overall wealth compared to other Americans? I'm not living paycheck to paycheck but I feel like I'm in the dark unless I can compare my financial wealth to others in an objective manner.
Well said, Jeremy!
This!
100%
@@ret4kind looking to behavioral economics I also study economics and behavioral economics including finance.
I’m so glad you got rid of the background music. Felt like watching a throwback.
I hear the background music…
@@jennibaer2125are you ok?
She has told me people have reached out and started to harass her. If you are someone that would even consider doing such a thing, LEAVE NOW. I would never want that kind of hate in my audience. We all have problems, and one of hers is financial. Bullying someone is not going to help...
1 of my first 10,000 subscribers will win $1,000, and 5 will each win $100. You will be randomly selected and announced within the first week of hitting 10,000 subscribers!
Great video & advice, your dreams cost money.. if you want to chase them, it comes at a cost.
I need this to be a full time television show or series! When I tell you I could NOT look away!
@@RichardMelendez15 every Wednesday at 5pm eastern, right here! Todays episode is a wild one 😁
I found your tik tok and am shocked you only have 3k subscribers! This can be such a great channel
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She is not trying to get help, she is trying to justify her life style.
She’s trying to get attention for her non-existent acting career on UA-cam
She’s got a problem for every solution
@Adam Seidel excellent comment. Thanks 👍
I totally got that from her too! Asking her to buy a sandwich and her response 😅. Leave her alone sounds like she has it all under control 😆
She's trying to get clout.
This stressed me out watching how nonchalant she is about all this debt. I definitely have to have this talk before going into my next relationship I couldn’t imagine dealing with someone that lives like this.
You never know what kind of bad debts people are hiding!
But hey she's gotta keep up the appearance that she's a legit actress and model
It stresses me out too. All she cares about is appearance and what people think about her - AT ALL COST
175k in student debt and spends double what she makes a month. If your gonna have that much in debt better be a house or business otherwise your always be behind. Reminds me of millennials money
Women own 70% of student loans of 1.5 trillion and never planned on paying back
Please have her back on. the audience needs an update!!! I pray that her situation has only gotten better these past 9 months 😄
Right?
He actually mentioned this interview when he was on the Iced Coffee Hour (he didn't name her but this is only video that fits the description).
....she was apparently uncomfortable with the exposure from the video and doesn't want any further.
@@markattenborough9107oh oki😅
I had to make a comment about the Apple charges. I worked for Apple for little over 3 years in their iTunes billing. I find it hard to believe she called Apple and received no help regarding the identification of the charges.
That was literally most of my job, telling people what their unrecognized charges were. She can easily go into her purchase history to immediately identify what is being charged. Her explanation doesn’t add up.
I'll let her know!
As someone who works in the banking world my guess is fraud. Best bet would be to cancel that card to start fresh - if it's a legit bill she can just re enroll in it later. It's an annoying process to close out a card, but if it is illegitimate she can dispute those charges from at least the last 60 days with a decent chance of getting her money back :)
Shes just lazy
Some people are guessing she knows what it is, but does not want to share.
@@pixelfeather_3106 Dad likes iTunes. A mans gotta have beats while running from the IRS.
I paid off my student loan debt during the payment pause. ALL of my money went to principal, and I did not have to pay any interest. One of the best financial decisions I’ve ever made.
I just did the same , i feel so relieved
ME TOO. No fun, just payments. Now all the fun :)
I can't even pay mine, I got a message the debt was being transferred to someone else (again) and haven't seen any email on who has my debt
I did the same, finished it during covid lockdowns
I'm currently on track to pay it off the day repayment starts!
My heart breaks for people who were financially abused by their parents, my own mother stole thousands from me, it’s soul crushing to trust a parent and they take advantage of you
It sucks when it's the other way around, too. My sister did it to my mom.
100% I thought I didn't understand the concept of money but she was taking it from me so I didn't know what's going on. I also didn't understand student loans and what that would mean. I left home with $0 and nothing . no job, it was awful. 5 years later I'm saving, rent, have a cheap car and I'm doing everything possible to make sure that I can give to my children. and not take
I remember when I was 16 and I saved 1,000 dollars. I was so proud because I finally found a way to help me save efficiently. I was going to put it into my savings account, and I accidentally left it in my car. Come to find out my dad spent all my money, on gambling and on drugz. I was so disappointed in him and just went upstairs to cry in my room. After that I’ve never trusted any one near my money and have always been careful where I left my money. This wasn’t the first time he stole, but it definitely was the most, and he never even said sorry.
@@lakctalks2818 parents stealing from kids is the new low
@@lakctalks2818 That’s terrible. So sorry that happened to you. My mom is elderly and always asks if she can borrow my credit card to go have lunch with her friends or whatever. Always says she’ll pay me back but never does. If I add up all the times I’ve let her use my card for lunches or gas it’s probably thousands of dollars over the last few years since my dad passed in 2018. I know it’s my fault by allowing her to use it. I have stopped, thank goodness.
It's funny to see the difference between these early caleb videos and his videos today. He lays into people way more in his current videos (which I love 😂, and I think is generally what they need).
Dude PLEASE make this a series lmao I loved every minute of this, so glad I stumbled on your channel 👍
Thanks, Jeff! It absolutely is a series, already have three more filmed. Every Wednesday right here! Thanks for the kind words
Yes. Series please
I agree this needs to be a series because peoples future financial lives are SO dependent upon their current financial life situations that it’s not even funny. Caleb you are single handedly redirecting peoples lives to the positive and for the better if they listen
Right I luv how real you are. 🖤❤️🤍🧡🐻✨
Her dad set her up for failure.
Her roommate seems suspicious. I can’t believe she’s paying her rent on her behalf!? And then she mentioned the roommate’s boyfriend might live with them too? Ummm. No! I guarantee you there’ll be more financial drama with another person in the mix
Yup! She’s going to end up paying for her cousin and her boyfriend
agreed shes 100s of thousands in debt and helping her roomate like what???? 😮💨
Agreed, she’s being taken advantage of, and I would have kicked her to the curb and found a new roomie.
I couldn’t understand her paying rent for roommate until hearing that she lost her mother at such a young age, and her father stole from her and saddled her with IRS debt. She’s probably looking for family and love, which unfortunately means she can be further manipulated and used.
She needs to dump her roommate and move into a studio.
She is so frustratingly financially illiterate. An overdraft every other day because “things happen” smh
She just need $1,000 in there at all times and it would save her thousands a year!
This is the majority of our voting population...
@@theroamingsavage8813 well, to be fair, less then the majority in her age bracket actually vote.
And holy shite are these overdrafts expensive. What's up america oO
If all else fails she can get married!
The fact that she mentioned she was going into real estate is another major red flag. Something like 95% of new agents don't make it past a couple years or don't close 1 sale, in fact, she'll be guaranteed to lose money on broker fees, association dues, and licensing fees. Financial literacy needs to be taught in schools because it's unbelievable how deep in the hole she is without realizing it. I hope that she's able to find a way though.
From my experience, yup. Got my license. Did it for about a year and got nowhere. It’s not easy or as sexy as they make it look on tv. And now I’m part of the 80% that didn’t make it past two years lol but you live and learn and I don’t regret it honestly
Ia true, this lady don't have finacial education from her parents, we know that a good education cost. The goverment control us hahaha
I had the opposite experience & made it in real estate when the interest rates were 17.5%. There is one big difference though… I was scared to death. I was willing to work 16 hour days every day for 6 months until my income became more reliable. I am fully aware that I was a unicorn, though. That is not the norm, but it can be done.
To be honest, you can’t be socially responsible for other peoples financial issues.. it’s not college anymore. You are responsible for your own food, shelter, & transportation. If you friend doesn’t work or pay rent they can’t move in. Adulthood doesn’t choose you, once you’re on your own, you’re an adult.
The roommate situation is very hard! Extra hard that it's her cousin :/
You can when you can afford it, but she can't afford it and she doesn't realize that. I feel like she doesn't understand the ramifications even after laying it all out there. Clearly she doesn't want to do the hard work here of making cuts, and prioritizing more lucerative careers/jobs.
Unfortunately, you can definitely be legally and financially responsible for other people's financial issues when you sign a legal contract together. Her and her roommate signed a lease that said they were both responsible for paying rent in full. It sounds like this lease didn't specify who pays what - it just said they both need to make sure the total is paid (this is really common where I'm from, I've only seen the rent split up in college towns). It sounds like the roommate was paying at one point but then became inconsistent so I'm not sure there was a way for her to see this coming.
What would you do in this situation? Talk to the roommate? Roommate says no. Talk to the landlord? It's a management company so they don't care, they'll just evict you. Pay $6000 to break lease? Eviction sounds like a better option lol but where are you about to go with an eviction on your credit report. Hire a lawyer? With what money- the imaginary money that's gone to overdraft fees.
I think she had the wrong idea on being able to afford her car (she can't) but the lease thing was a fair point. It's a sticky situation.
The music bothers me so much im so used to the newer episodes lol
Man I hate you but I love you…. Unfortunately I’m not great financially. And after watching these videos I’m sitting in bed doing finances… and yeah I can’t afford my car… I gotta sell this thing and just pay off my debt. I gotta take accountability. Thank you for this!!
I know it's hard right now, but you sound like you're about to completely turn your life around!!
You got it bro! Small steps but keep moving in the right direction. Most important thing is to review every week/month and ACTUALLY stick to your budget!
Let’s go Grumps 🙌👏
Grumps, send us an update on your financial journey.
I’m with you - started watching my pockets more after watching a few of these videos.
Caleb's stress levels in this video were over 9000. Great stuff Caleb. I've only recently found you and love the content you're providing. Keep it up, you've earned yourself a sub. Cheers!
Ok, I would be at the Apple store Raising Caine the minute I see a $3 charge they can't explain (and immediately remove). Who the hell just pays $160 a month in unknown fees in perpetuity?? I honestly had no idea people like this existed. She seems like such a nice person, too. But her roommate is taking advantage and she needs a serious wake up call on the student loans. Aside from winning the lottery or being cast as a lead in a Marvel movie, she has no chance of paying those loans down by half in five years. It's so heartbreaking.
EXACTLY! Same!
I recently called on an Apple Charge for 19 cents..
I agree! I’m constantly checking my account on a daily basis and the minute I see some weird shit that doesn’t match or reflect what I’ve written down in my budget I’m gonna do some digging!
It's likely she lied that she has no idea what the charges are.
For real! What could the $100 charge be?!?
I just discovered this series, and I really need to call my parents and thank them for teaching me how to think about money. I think I’m in a bad place sometimes, but these people blow me away.
Her $110k in loans ballooned to $225k because she doesn't understand interest. She is losing 2k a month to it and doesn't treat it as her top priority. It's dumbfounding to me that she graduated form Baylor and does not understand that.
When she said "ew" when suggesting she pack a lunch my jaw dropped. I do feel bad because she is financially ruined but it's hard to have sympathy because she makes all of these bad choices and doesn't realize or care about the consequences.
You did an awesome job lying out her situation, and you tried to get her to see it through a budget and a 5-10 year plan. She just doesn't think anything is her fault or that anything needs to change. If she doesn't accept responsibility and start living within her means her student loans are going to spiral even more out of control.
Thank you so much! I really want to help her. I give tough love here, but I've been keeping in contact with her and I want to help her in any way I can!
It’s almost like she’s an entitled college kid who was tricked into a loan for a useless degree. The real question is: who didn’t see this coming?
@@JonathanTheZombie entitled? Where is she entitled?
@@sophiaatn5339 Can you really not see how entitled she is every time he talks to her about cutting off needlessly wasteful purchases? Or the fact that she looks down on packing her own lunch vs paying money that she doesn't have to buy out lunch?
@@sophiaatn5339 Right?
It’s insane that only the second biggest crime in this video is that she actually managed to get a loan for her car
Her father, the man who spent her college fund is the man she trusted for her college choice 😑😑😑
Not much to defend here, but I will say it sounds like she was manipulated pretty hard by her father.
@@CalebHammer 99999
Caleb, you are a great active listener and you don’t talk over her even when I can see how concerned her debt makes you feel. Thank you for meeting up with her. I hope this conversation with her can make her reflect that something needs to change.
This needs to be a series. This was great to watch.
Every Wednesday, right here!
She had me at “The life of a model and an actress” 😂😂
Where do these people get this confidence 😂😂
delusional
@@rahrahrah8405 it’s the whole new age manifesting bullshit. They think therefore they are 😂
Modelling costs more than it pays for most girls that want to do it . Her friends should tell her to give up on the idea . It’s very competitive
She’s a solid 4.5/10
Almost paid off $70k in student loans in a year.
Only $10k remaining
Debt free in August 🙌🏾
Woo!!! You’re KILLING it!! Congrats
@@CalebHammer thank you sir 🙌🏾
congrats! i hope you have finished by now and are living it up!
Hope you’re getting that refund for the forgiveness program!
@@ChantalsBulgingEyebrow finished 🤙🏾
A big thing I'm noticing about most of these videos is how almost everyone is making payments on a car they cant afford. Driving used cars is something I'm happy was instilled in me by my dad when I was young. I'm an engineer now making good money and I have never made a car payment in my life. My current car is an 06 and has a kbb value of around $3,000.
True and what’s crazy is the people who work from home and need a fancy car.
I don’t understand it either, I had my dads old car for almost 7 years before I bought myself a used car with a hood down payment so I only pay $200 a month. I don’t know how so many people are okay with paying $600-800 a month on a car
Man…her attempts to rationalize her poor choices and behaviors is sad. I hope she watched this and sees just how bad her situation is. I got the feeling she doesn’t want to have any compromise. I hope your interaction woke her up and she has the courage to change her life direction.
Yeah agreed :/
I agree as well
If someone has no sense of urgency, they have no desire to pay it off.
I feel so horrible she was coerced into this crippling debt at such a young age by the one person she should have been able to trust. It's heartbreaking. Hope she can find a way out of that.
Yes, like I dont think she's clueless. I think she's depressed. Like I'm sure it feels like there is no end in sight, and I can understand the impluse to give up 👀🙃
these are some real obstacles she had faced. I wish she could sue or get some of that tax debt from her dad forgiven. Like how can they collect on tax debt you accrued as a literal child lol
@@kamilareeder1493 that's how millions of people pay for college though. She exchanged the money for the education.
@@mulletsquirrel She chose the wrong college for her degree that she's not even using. If she wanted to model and act why did she even bother going?
@@AB-py6jl Have you never made a mistake? Pretty easy to make those types of mistakes as a teenager to be honest, especially without good parenting.
The only person you can truly trust is yourself and she didn't seem like she took much convincing to betray her future. Dangerous person.
Absolutely underrated video. You did a deep dive into this one individual but I feel like you really showed the current state of debt and financial education in America. Subscribed just for the sheer panic inducing behavior your interviewee instilled in me.
Thank you so much, Lilly! $250,000 in private student loan debt nearly put me in sheer panic 😅
I agree. If I had watched this before or during my undergrad, I’m sure I would and reconsidered what I pulled.
@@rickanator65 It's always hard at 18! We have little to no financial education :/
@@CalebHammer The reaction over the car loan was tough for me to see. Hearing you explain to her the difference between loans that can be sold (through selling the item back) and loans that cannot be sold is golden advice money can't buy.
We watch and we learn. Let's appreciate these brave people for coming on this platform. Also, whether they want to change or not, that's not an invitation to harass and disrespect. Our society needs healing and help because not all of us were born with financial intelligence, please brothers and sisters...watch and appreciate without HATE.💯⚘️❤
As a young single woman, there is no way that she should be this financially naive and vulnerable, hope she buckles down and puts this in perspective because later in life it will be much much harder to recover from.
Its sadly uncommon, they think they can hustle to offset the irresponsibility. Deep down she probably thinks when she makes it none of this would matter.
This young lady needs therapy to help her unpack these issues and change her behavior. This is not a one financial session change. It’s going to take time for her step by step. She’s young and when she discussed the issues with her father, it’s understandable how things got this way for her. I hope that she uses the resources she needs to get help.
I agree, there's a combination of financial and familial trauma that she needs to sort out. It's been months since this video came out so hopefully she's gotten the help she needs
she is bad with money but genuinely seems like a good person. I hope she figures it out.
Absolutely. Everyone I’ve interviewed so far seem like great people at heart. Everyone needs a little help now and again!
Absolutely. Glad to see some nice comments
This makes me feel way better about my current financial situation. I only owe $3,500 in student loans and $0 in credit card debt
That’s a great situation!
Keep avoiding debt and you’ll have a great life!
I'm in the exact same situation. I keep praying for more deferrals so that I can continue increasing my savings to make financial moves sooner rather than later
Makes you feel better $3500 is nothing 😂
@@WhipthatTrix91 it does make me feel better actually! It used to be $27,000! 😂
“Pack a sandwich” “ew”, like you don’t have the financial position to be able to ew at that, its a huge indication that she’s not able to recognize her financial position
Plus... I mean... I love a good sandwich :(
Is there some kind of hate against sandwich
It's just a type of food
@@TheAlchemist1089 she must think that only poor people pack a lunch. Jokes on her, she is poor.
@@fuckthisksksjjksdfjd nooo
She's a professional model 😂
“The life of a model and actress”…riiight…😂
She's MAYBE a 4 / 10 if I'm being SUPER GENEROUS!
I get that she makes bad choices financially but it’s hard not to see how at a young age she was put in a horrendous place financially by someone who was supposed to be caring for her. She literally walked into adulthood with 1000’s in debt because of her father. She made the decision to go to Baylor as a high school student because she was encouraged by her dad and trusted his word that he would pay for it. Her current decisions are making a bad situation worse but I’m floored by the hand she was dealt. Honestly when the debt feels insurmountable from day one and it’s not something you played a role in creating or understood yourself I get how she developed this level of dissonance. I feel for her honestly and I hope she can find a way to align her actions with her goals and get the debt down.
I feel for her too, she definitely has a manipulative father.
At first I thought she was stubborn, but the more I watched I saw that those bad habits were learned and engrained in her. I feel for her.
It’s disgusting what her dad did !
It’s our job to overcome our backgrounds . You can’t just blame everything on other people
@@tsrocks2029 True. And if you find yourself in a hole, you stop digging deeper and start trying to find a way out.
While I appreciate the vulnerability (because let's be real most of us wouldn't lay out our entire financial situation on social media to be criticized and judged by strangers), SIS STAND UP! This is ridiculous. Your dad did you dirty, but now it's time to take control of the situation as an adult. If you listen to the very end of the video you can tell she thinks she's going to become a Hollywood elite and be able to whip out all of her debt...she's praying for a lottery ticket.
She seems to be someone who has been preyed on for her whole life. This is the type of devastating story is what happens with financial illiteracy
Pretty sad how her dad did her though but she def needs to take this guys advice at least with the bankruptcy aspect of it so that she can focus on paying those student loans because Babyyyyy 😩it’s time to put that degree to work for sure, she needs to know that she can pursue her dreams still even with a 9-5 also her cousin must be from her dads side of the fam because she is def using her.
Also de cousin/roommate is stepping all over her, and she seems to be ok with it. This is so sad.
She should sue him that’s the only way she can get this student loan off her since her dad used her education money and she has to take out loans… I doubt she will take him to court tho
She’s “manifesting” 😂that’s why she’s in denial
There should be a disclaimer with all social work degrees. I wish there was a correlation between your major and what lenders are willing to give you, it's crazy how the borrowed cash flows when you're still technically a teenager.
AND private schools :(
Need to look at the “ gainful education legislation “ that was enacted in 2014 …
The grasp that the automotive industry has on us as Americans is outstanding!!!!
I’m on my debt free journey now paying $3k towards SL each month. I graduate in a few weeks with my Masters so I’ll use the extra time to pick up a part time job.
I also have a car loan and shopping for a cash car right now. It’s quite difficult because my budget is $6k.
Based on my plan, I’ll have all $34k from undergrad paid my January. Then start attacking my grad school loans. With the part time job, I’m hoping to up my payments from $3k to $5k.
Thank you for the video! I hope to see more. I also just subscribed to your channel.
You'll e there before it and it will be so worth it in the end!! Keep us up to date :) and thank you so much!
I got my first job when I was 16. The business owner I worked for gave me some advise when he gave me my first real pay check. He told me I could become rich and be in control of my life if I lived on half of my pay and invested the rest. That was 50 years ago. I've driven used cars that I fixed myself. Found jobs that paid for me to go to night school. Restored a $2,500 mobile home and lived cheap while growing my income and investments. I totally avoided debt eventually buying my dream house with cash. Now I'm retired and enjoying both a simple life and financial security. Avoid debt and while some people think there is good debt, all I can say is not for me thank you. For me debt of any kind is a form of voluntary slavery.
The debtor is a slave to their master the lender. Congratulations on your freedom.
She’s so delusional 😂😂 I lost it when she acted like real estate was automatically going to make her money
haha
There's so many people like this and they refuse to learn until reality hits.
My sister was like this. I paid for her real estate license and she NEVER sold a house or worked at an agency for longer than 6 months. 😢
Maybe deep down she’s hoping a rich man will swoop down and wife her within the next few years. But that is at best a lottery ticket. Yeah, so many young people are delusional. Sad.
I know a dude that has been in real state for 15 years now. The guy can sell shit to a shitter. He told me you need at least 3 years up until you make your first big sale.
This channel is about to blow up. I feel like an OG!
Thank you :)
People like this can't be helped. She's not listening nor does she take her finances seriously. You give her an overview and a solution, she justifies the irresponsible behavior.
I'll try to catch up with her in the future and see what has happened so far!
Just wait until the 2 out of wedlock kids come along.
@@shogun8807 that's not even funny. Just stop.
A lot of things that happened to her also happened to me but at some point you have to realize that no matter how much other people fucked your over, you’re the one who has to live with it and make the best choices for yourself you can. I hope she can improve her spending habits and fix this situation but if the attitude about money doesn’t change I don’t see how.
Saw this on tiktok. Had to check it out
Thanks man! New Financial Audit every Wednesday, right here :)
This is going to be a Top 5 personal finance channel someday I love these
Mostly because it makes me feel good about my life choices but still great job Caleb
Her family completely takes advantage of her. She should be debt free
It's a really sad story :/
It’s still the results of her actions. She went to a very expensive college and watched the bill grow.
That said. It shouldn’t be possible for her to take out that much student loans. Try doing that for any other investment
@@aualexstanfield Exactly. Student loans are so predatory. I’m sure there’s no way her dad and her could’ve been approved on a $100,000 loan for anything else. And her dad screwed her through tax liability on her inheritance! I’m sure he probably didn’t mean to, and is probably as financial illiterate as his daughter, but now that it’s all come to a head, he refuses to take responsibility and help her out with any of this debt he helped cause simply because her aunt found out and he lost his job.
@@aualexstanfield because her dad said he would pay it
@@darkpraxis Her Dad stole her school money! What a horrible father! He's completely ruined her life for years to come.
I give you props sticking this conversation out. I could barely stand listening to her logic and approach to life
Bruh these videos are extremely fun to watch. I think you just found a niche that has not been touched! Great job bro
I really appreciate it!
I can’t believe her father stole the money her mom left her for college! That’s horrible! How can a parent do that to their child.
This video was INSANE! If you keep up this series, I’ll bring people over to subscribe. This shows the problem we are having in this generation.
Thank you so much! I post a new Financial Audit every Monday and Thursday!
@@CalebHammer Seriously man. You’re doing excellent work. Please keep this up. This generation needs it!
Love this channel. Binging this is making my schadenfreude absolutely explode. These people have literally ruined their lives, can’t retire, and will die working.
If I could turn this into an substance and shoot it up to get high I would. Omg. Love your reactions and gestures and stuff too. Delightful channeln
Lol. You got that right. She is completely and utterly screwed beyond all measure. If I was in her situation, I'd have blown a hole in my skull already.
I think people need to realize that Caleb isn't a financial advisor - he says so himself. He's a financial geek who is putting out these videos for education and entertainment purposes. Financial Advisors don't really operate this way. A financial advisor would sus out pretty quickly that this person doesn't have any money and her situation isn't going to change in the near term and decline to work with the client. People like the woman in this video are intractable and she'll continue to be in the situation as long as she refuses to engage with the debt problem
Thank you!!
Kinda ironic that financial advisors don't work wit the ppl who need them the most. I get it though, the advisor needs to make money somehow.
@@Sunshine4 it is a sad reality that the people with the most financial knowledge only want to work with people that can pay them and who have money
@@Sunshine4 It's same with fitness experts: if the client resists the steps and won't follow the plan, nothing changes and then the client may get mad and blame the instructor for their failure because of their lack of accountability.
If people don't come with the spirit to make a change and follow the financial plan, nothing will change even if they get a financial advisor. Financial advisors are people too, they can choose to work with people who actually want the help and will make that effort.
Financial literacy, however, is everyone's personal responsibility, they don't need a financial advisor for that.
@@Sunshine4 financial advisors are not for getting out of debt. That's not their purpose. It's financial planning for the future. It's for investing andife insurance. They don't really do anything with debt
Her Dad pushed her to go to expensive university (that she couldn't afforded) but refused to financially support her. This will ruin her for the rest of her live. This is truly child abuse.
So much respect to you for just backing up and not arguing. I know if it was me I would just have to ask them to leave…
Thank you! I feel that!
@@CalebHammer i wish I could just come down to Austin and work for you! I love finances!!!
@@luketrenary7673 awe, I wish you could too! Maybe in the future!
Yes. She would have to go.
This reminds me of Gail Vaz-oxlade series. Love it. Financial literacy is so bad you’ll probably never run out of content.
I'm guessing the Apple charges are games or apps or something of that sort. Theres no way she called Apple and they said they couldn't locate the charges.
Right!
Yes she is lying. She know what the charges are
Apple tells you on the bill what the charge is for
She is clueless. She is the perfect reason why personal finance MUST be taught in school and a passing grade for graduation.
She and people like her would fail and then they would protest and call the class racist
Definitely agree. Personal finance should be thaught in middle school and high school. Just because you pay your bills doesn't mean you are good with your finances.
You should have to pass and have a full plan before being able to get student loans. Financial literacy should be a fundamental part of math.
@@Coastpsych_fi99 it is crazy. If you were to go to a bank with minimal work history and want to borrow $120,000 they would laugh you out of the building. But you can EASILY get that same amount for educational loans.
He’s more stressed out about her debt than she is lol
I true lol
Imagine being a quarter of a million in debt, and not being open to financial advice
The way she says "ew!" when she's told that she needs to start making her own sandwiches. 💀💀
If you think about it, it’s the mindset that created the debt. So it makes sense how it got there.
You need to make this a series. I'd volunteer
It is :) every Wednesday! If you're ever in Austin and want to be on, email castingcalebhammer@gmail.com!
I'm so addicted to this channel! Our finances are in good shape, thanks be to God, but watching series like this one keep us from acquiring debt or wanting to live beyond our means. The secret is to live as if the salary rises and job promotions never happened. Our next goal is to pay off our mortgage in ten years, God willing.
Try to live below your means.
@@luisasterioquerubin6829 what makes you think we don't? We are exactly where we want to be, glory be to God.
Loving the content dude! I appreciate the honest upfront financial advice.
Thank you! That means a lot :)
Caleb, you came into my life at precisely the right moment 😊 making changes son!! Big changes!!
Man the car part is stressing me. She could’ve gotten a reliable car for $5000 that would’ve lasted til she was out of debt.
Very stressful!
She said she had a 2018 nissan Sentara.. That car already is worth only 5k dollars. She just owes 18k on it.
@@ALEXFVHS 😅 man that’s stressful
I don’t think you guys realize how the use car market is. There is no such thing as a 5k reliable vehicle. You might find one for 5k lots of miles but definitely not a 2018 with low miles for 5k.
@@fernandovazquez7272 car market is currently crashing, might need to look back to this in a couple of months! Unless the supply chain slows down again.
"It makes sense in my head..." You've just got to love it 😊. Poor Caleb, trying to sort it.
Seems like she can’t make decisions for herself at all - loans, apartment, Apple charges and late payments she keeps digging that hole
I’ll follow up with her in 6 months and see if she was able to take charge of some of these decisions
She has the financial brain of a 10 yr old
I am currently watching these videos as motivation while currently reviewing my finances in the form of a financial audit too. I have been trying to long on to mint all day but no luck. I am also trying to log into all of my accounts to verify stuff. I recently learned that my student loan servicer changed.
Crazy thing is, she seems like a smart girl. She is just living with so much delusion about her finances. She also just lets people close to her take advantage of her from what it seems. Super sad that she’s going to be forced into bankruptcy at such a young age.
It’s a very sad situation :/ I hope she’s able to sell her car and find a better job… if she does, she could start cleaning it up… but it will take a long time.
How could you say she seems smart? She seems like the dumbest person of all time.
No she does not. If she is smart I am a genius.
Delusion about how hard she works too…
She likely does 20 hours
What exactly makes her seem smart? I don't see it.
This is genuinely the worst situation I’ve seen on any of Caleb’s videos so far - complete head-in-the-sand about how bad it is.
I’m currently about to go into my senior year at a public university. I’ll finish with two bachelors degrees and some masters credits for 30k of debt. That’s absolutely wild she paid so much for college. Private schools are a scam!
yeah, and to top it all off, it's a useless degree.
School is a scam overall
Hope ur not majoring in "womens studies" or "social work" like our friend here 😂
Private schools aren't a scam and some of them (mostly higher-tier) will offer financial aid equal to or more than public schools. Take MIT for example, if your family makes under
@@Meta_data yeah I suppose it just depends which schools (and possibly state). I know a lot of the private schools in my state are super expensive with no extra benefit, but I agree that doesn’t speak for all schools.
I agree that it's super annoying when you make a rent -- or any other kind of payment -- and they don't take it out right away. And sure it's easy to say "Keep track of it" or "balance your checkbook" or whatever, and that's not WRONG exactly, but also...this isn't 1960. Payments and credits should be nearly instant, and if the financial industry isn't there yet -- it needs to get there ASAP, like yesterday. This is no longer acceptable like it might have been a decade or more ago.
This is so hard to watch. Instead of owning her mistakes and trying to do better, it's excuses left and right. No accountability, no real desire to do better. That said, fantastic series, I hope you make more and you earned my sub.
I know! Very hard :/
Money is easy, just like dieting is easy, but what's not easy is trauma + money, or Trauma + food. Once there's some significant trauma involved with someone's financial health it exponentially increases the complexities of improving one's finances. This woman has had some notable traumatic events that featured money as a major focal point in them. Imagine the trauma of losing a parent and having the other parent ruin your financial future before you're even an adult-- Like yikes!
So it's just excuses on the surface, and annoying to navigate as someone not part of the issue, but it's super complex and dynamic under the surface, otherwise she'd be in a better situation. I think the trouble is, that so many people don't do the work to overcome the trauma part and so the financial part continues to fester and worsen. She needs to really deal with the emotions of the betrayal of her father or that will ruin her entire life.
Did you miss where her dad stole her inheritance money? I’m trying to understand why you guys are attacking her
Black women in a nutshell.
I would love to see a one year follow up series with these people. A common thread is a lot believe that their incom will quadruple or more in the next year.
That’s fine to try but for right now she needs to sell everything and buy a beater and when she becomes a famous. Model/actor she can buy a nice car then.
The most annoying part is hearing her say "the life of a model and actress is so expensive" bro YOU'RE NOT A MODEL OR ACTRESS it's not gonna take off sometimes you just need to grow up and face reality.
I respect the hustle, but she also needs to take care of the debt first before having fun
Really really glad he took the music out. It actually works well with the content, but i like the quiet videos way more.
I swear , this is hands down entertainment gold . Keep it up please
Absolutely planning on it, already have three more recorded with many to come!
How it’s even allowed to have someone to carry 250k$ in debt with no feasible way to pay it off is mind blowing.
It should at least be legal to declare bankruptcy - at least then the lender would be incentivized to choose who receives the loan, since they would have to consider the risk of default. In this case, their only incentive is to increase the debt - the payee is on the hook no matter what
Working models typically live in NY or LA, and you're usually 14-24 years old. Then you retire and go into something else.
I’m always going to applaud the transparency and vulnerability that comes speaking about ones financial health.
Caleb, these are great! I have never seen this premise before. The angles, lighting and sounds are all good.
Thank you so much!
Crazy to see how you started bro it all paid off 🔥
Great video, I hope she takes control of her finances and that her health issues get resolved :)
Thank you, and same!!!
Watching this from Iced Coffee Hour
Exactly the situation I'm trying to prevent for my daughter. She's only 4 but I'm putting things in place to keep this from being her future. Sadly, this young lady's father failed her..
Adult children you can't control
So just u put things in placed doesn't mean she'll follow your plan
@@veroniquevesta7516 100%. All you can do is give them the tools. They have to use them but this young lady did say her dad squandered her college fund when she was younger. If my daughter does end up in a similar situation it won't be because I didn't give her the proper guidance or was an active participant to the detriment of her future.
The best thing u can do is not lie to her like many Gen X and Boomer parents lied to their kids about "follow ur heart" degrees.
No, ur "Womens Studies" major will not help u land any kind of productive jobs.
Honey, if u major in "Chicano History" u will be working at Starbucks ur entire life.
We need to encourage kids to go to school in STEM, medicine, etc..
And if they are not interested in that then go to a trade school and start making money as fast as high school. I repeat, DO NOT MAJOR IN HOBBIES and get $200K into debt over it!!!
Crazy how far you’ve come in a year
Her talking about the bank not posting the transaction right away and then she overspends and gets charged a fee is EXACTLY why I have a spending app that I manually put my paychecks and every single charge into. It’s just a habit now. But I always know exactly how much money I have available at any given time.
Right :( very sad
Wow, over $200k debt with $1900 interest a month is insane to even think about. I can only imagine. This show is so insightful
She essentially doubled her student loan debt from interest. A lot of people end up doubling the loan and its insaneee
It's so sad :(
Mannnn I thought I wasn’t the best with money but this is another level. Makes me want to tighten up the budget just watching this
There seems to be a lack of accountability and or lack of structure…
No shame! Just habit building is a huge thing.
Sometimes people just need a wake up call! Hopefully this worked
Thank you
As someone who only got their fincial education in HS this helps so much
In college rn learning to manage money/invest/apply for scholarship/and manage student debt all at 19 it’s a challenge but it’s very important keep the vids Comming!
Just wow. You didn’t even tell her the best part. If she doesn’t pay her student loans they will take her social security check in retirement and she’ll never be able to retire. Incredible how she justified being a financial train wreck. When that car eventually dies she won’t be able to get another without paying crazy interest
UGHHHH just hurts
this channels gonna blow up
Thank you 😊
@@CalebHammer much love
Listen this is my side hustle and this is how the convo goes most of the time. I had to pause for a while because ppl weren’t getting it
I just subbed. This is an insanely addictive series
Thank you so much, Daniel!! It means the world :)