$100,000+ Private Student Loans, Yet Borrows For A Stupid Tesla | Financial Audit

▶The best budgeting program online, at the most affordable price: go.calebhammer.com
Thanks to SoFi for sponsoring this episode! See if rates are competitive and if you can save money on your student loans by going to www.sofi.com/caleb
▶My team and I will personally review your budget and put you on the right financial path going forward: go.calebhammer.com/review/
_______________________
▶Resources I use/would use (with discounts/sign-up bonuses):
1) Checking & Savings: Get up to 4.60% APY, pay no account fees, and earn up to $250 when you sign up and set up direct deposits. Terms apply: creator.sofi.com/c/5535481/20... *affiliate link
2) Start investing: Transfer to moomoo and receive up to $5,000 in Cash Rewards using my link Terms & Conditions Apply: j.us.moomoo.com/00Cqzn
-For the sign up bonus, Click this link to get up to 15 free stocks from moomoo U.S when you make a qualified deposit. Terms & Conditions Apply: j.moomoo.com/00Bn5Z
3) Coursecareers: Get qualified for a better job and increase your income: coursecareers.com/a/calebhammer
4) Mint Mobile: Cellphone bills are too expensive, use my link to find a plan starting as low as $15/month in just 15 minutes with my partner MintMobile: mintmobile.com/hammer
5) Online security: Protect your online privacy and security NOW and for free by following my link Aura: aura.com/hammer
_______________________
▶Fun things:
1) Exclusive episodes, private Discord, BTS, and a special thank you: / calebhammer
2) Rules For Not Being A (bad word): www.calebhammer.com/rules
3) Merch: The most fun website: shop.calebhammer.com
_______________________
▶My socials: linktr.ee/calebhammer
▶️ Want to be a guest on Financial Audit? We film weekdays in our studio in Austin, Texas (in person only)! To apply, visit: calebhammer.com/apply
_______________________
▶Sponsorship and business inquiries: [e-mail]
_______________________
These are some fun words: Caleb Hammer, financial audit, Graham Stephan, Dave Ramsey, Ramsey Show, George Kammel, Rich Dad Poor Dad, Podcast, Budgeting, Investing, Stock Trading, IRA, Roth IRA, 401k, health savings, HSA, 403b, college costs, student loans, debt, snowball, avalanche, pension, retirement, financial independence retire early.
_______________________
▶*Some of the links and other products that appear in this video are from companies for which Caleb Hammer will earn an affiliate commission or referral bonus. Some of the offers mentioned may no longer be available. This is not investment advice.
▶Sponsorship and business inquiries: [e-mail]

[@bengunderson712]

Im the guy that got certified, and make the same as him in tech xD these episodes make me feel better about my life

[@derekcosta4279]

How long did it take you?

[@lilflossin14]

Out of curiosity where/what is your degree and howd you go about getting the job. Just searching indeed?

[@joeymiller-eq2tl]

@@adammiller9029 i went to community College and then a state csu and only payed a few thousand, never had any debt.

[@rodrigosimoes185]

It's so weird how in Europe you can make half what these guys (on the episodes) make and lead better lifestyles and even buy houses at 24 yo. @Caleb you should do an audit to some of us Euro fellows

[@bloodCount8895]

My best bud from high school is the same. He joined the Coast Guard and used the free college to get a 2-year in computer science, but b/c of his govt status he has a really high security clearance and is certified. I was interviewed by the DOJ b/c I was his personal reference. He makes 130k in middle coast FL at the air base as a contractor and does weekend warrior in South FL. Certification is the way to go for IT and Cyber. Oh and joining the Air Force (mostly) or any branch is a great way to save money and earn security clearances that will then help land you higher paying IT/Cyber jobs as a civilian contractor.

[@stormviking010]

Dude must be having a whole a lot of FUN to make 150k and living with his parents and still be in debt 😬😬

[@hanspz5505]

Yeah this channel really opens your eyes 😂 he coulda been rich lol

[@stormviking010]

⁠@@hanspz5505 for real. Like actual millionaires. Crazy lol

[@tracy_cakkes]

That’s crazy I could save so much

[@milhouse7145]

Lifestyle creep is real

[@ancedrius4646]

Take 1 look at this man it's obvious all his salary is going to onlyfans subscriptions

[@appleiphone69]

This guy could have been debt free after two years living at home.

[@someone-ji2zb]

Now he is screwed for quite a lot longer... especially because he is unlikely to 100% change in the way that he needs to.

[@appleiphone69]

@@someone-ji2zb he could have built up so much money for a house. His parents did not instill delayed gratification into him.

[@BlitzSixx]

@@someone-ji2zb He's not screwed, he makes good money and is happy with his living situation and met his life partner. Just needs to make some changes and he'll be fine. Honestly feels like y'all want him to be screwed and not be able to get out of debt for some reason, kinda fucked up. The man is in a better financial situation than like 90% of Americans probably.

[@candy2325]

@@BlitzSixx I highly agree. Some of these comments are like “misery loves company” .. this man came on the show for help and got it and will do much better financially

[@makayla4292]

@@candy2325totally agree he’s literally fine

[@TheA2214]

This guy is humble and intelligent and genuinely looking for financial advice- and also willing to admit his mistakes (which we all make) I dig it 👍🏻

[@aguyandhiscomputer]

He gave himself a 4 so that's always a good sign.

[@PipenFalzy]

Yeah, I though this guy was down to earth and seems like a good guy.

[@pwnzindaface]

Very fortunate too, definitely drew a longer straw than most of us

[@kevinh5983]

It would be cool to see Caleb make a plan for a high schooler that is thinking or planning to go to college. Strategies for reducing or avoiding debt, or using alternate paths to avoid bad long term financial decisions.

[@just4ivaylo92]

That's a great idea.

[@BrittneyLlee]

Yess. Be proactive instead of reactive

[@Maya-ln1os]

Awesome idea! I send these videos to my nephew who's in college

[@YHVHsBitha]

Debt-Free Degree: The Step-by-Step Guide to Getting Your Kid Through College Without Student Loans by Anthony O'Neal

[@robertosanchezreyes1834]

I’d love to see him planning out vacation and fun budgets for them. Get to know what their interests are and teach them how to enjoy it responsibly.

[@dobiqwolf]

This demonstrates why financial education is so important. This dude makes over $8000 a month at 24, live with his parents and accumulated so much debt because he lacked financial education and understanding; he should never had been in that situation but credit to him to get things sorted.

[@blue-wb8yn]

Maybe some of is lack of financial education. I think it's just self entitlement and being spoiled? Never hearing the word 'No'

[@adamseidel9780]

It has nothing to do with financial education, it just has to do with common sense and a little self discipline. This guy is an engineer, he understands just fine how compound growth, which is just basic algebra, works. He just couldn’t tell himself no.

[@junioradult6219]

​​@@adamseidel9780 exactly these are really just grown kids that have money. Ive nvr made over 45 k a year while paying 1600 month for my half of rent. Own my own car, truck, and am looking at a boat. That was after i saved 2 years worth of rent and 2 years worth of medical maxouts as emergency savings. Would have bought a house if the average price wasnt 1.5 mil were i live. These people just need to grow up more then anything

[@Sadreath]

@@blue-wb8yn That is a whole lot of guess work on a person who seems to very much own up to his mistakes and sorting his mess out before Caleb was even involved.

[@chillinvillin21]

Parents are to blame.

[@chontron3456]

Was in over $40k in debt almost year ago (wedding, honeymoon (14k for both) and student loan debt (26k)). Have officially $1200 left to pay and will be debt free!! Can’t fookin wait dooooood! Lots of sacrifice, no fun, and long hours worked. Y’all can do it too!! Also vowed to never go into debt again😅 only up from here. Get fkn after it ladies and gents!!

[@maemo8]

I’m proud of you!!

[@franciscogonzalez6696]

Wedding and honey moon not even close to being worth such a debt … smh should of found someone who wanted less 😅

[@chontron3456]

@@franciscogonzalez6696 My wife and I actually planned it together and had a small wedding. The prices post pandemic are just astronomical. No regrets tho, hustling together to get out of debt just made our relationship even stronger. And seeing us willing to sacrifice a full year of no restos, no vacation, and no fun proved I chose well.

[@Mr_Buu]

​@@chontron3456 sorry but 40k of debt is NOT what most call a small wedding/honeymoon... And you literally planned out going 40k into debt together??? Wow. Either way though, gratz for digging out. And good luck in the future!

[@chontron3456]

@@Mr_Buu I guess I didn’t clarify but 26 of the 40 was student loan debt👍🏾

[@jacobj3491]

Tech worker here. Was impossible get a phone interview when I was an 18 year old with only bootcamp experience. I tried everything over the next couple years. I volunteered for free on some projects to get experience and worked on my things to build my resume. Even took more courses after the bootcamp. Worked as a teaching assistant at another bootcamp and tutored students remotely. All of this and I think I only had 1 phone interview for a software developer role after 300+ applications and trying for 2 years. Went to college for computer science and within 2 months of graduating I had 3 job offers, highest being $115k/year. I'm just saying this to all the people in the comments and Caleb saying things like "you don't need college". I know there are tons of people who have stories that prove otherwise, but that has not been my experience. Most tech companies are not interested in an 18-19 year old with no experience. But if you're 25 and you've already had corporate jobs in an unrelated field, then you probably don't need a computer science degree.

[@Youre-Welcome]

My dad worked his entire career as a programmer. He got paid twice as much as the guy next to him. Because he had a degree.

[@L9SPACEGLITTER]

@@Youre-WelcomeYep yep, Caleb thinks only financially and works as a KZbinr so he can’t really begin to realize that just because someone takes an unaccredited or unrecognizable “course” then that doesn’t mean they’re certified for shit. Doesn’t even compare to things like CompTIA, Sec+ or some of the other heftier certs, much less a masters or bachelors degree, can say I’ll be graduating w/ a master’s in cyber starting at 80-90k (decided to go into gov work vs private sector), but a lot of my friends got offers for 150k+ with a masters in cyber at places like Palo Alto or FinTech, good luck getting there without a degree lol

[@owenevey8938]

Came here to say this too. Love Caleb and totally get there are exceptions and the field is increasingly friendly to those without degrees, but I’ve heard overwhelmingly that it is brutal if you don’t have a degree.

[@GameFuMaster]

@@Youre-Welcome and the guy who's got popular open source projects will probably earn four times your dad.

[@mememan9890]

​@GameFuMaster how many people get popular on open source projects? Top 1% of programmers?

[@nakoda1610]

this is the most normal person ive seen on this show yet, like he knows he fucked up, actually acknowledges where he fucked up, and doesnt find excuses

[@agaut880]

My situation is nearly IDENTICAL to this guy. 1) 100k in school loans 2) financed a 55k car 3) make over six figures 4) I’m 24 5) my gf is a teacher 6) I live in Massachusetts 7) I’m in engineering This was a wake up call to say the least

[@Dre2Dee2]

good, dump the girlfriend

[@agaut880]

@@Dre2Dee2 I can’t she too good for me 😭

[@ianstephens333]

Yeah I think the financial situation is a lot worse than many are making it seem. Yeah he makes a lot but look at that freaking debt

[@agaut880]

@@ianstephens333 agreed. Debt is scary

[@Dre2Dee2]

@@agaut880 which is why shell leave you anyway after taking your money. stop being stupid, shes B R O K E. You have 100,000 reasons to ditch her but youre not, so I look forward to seeing your episode on here

[@MindyGail]

I love how caleb is like, "we're" not getting a house right now. 😅 hes now part of the family lol

[@marcopolo3109]

Right, I think housing prices in the United States are really high and most people can't afford a mortgage. Apartment rents keep increasing yearly.

[@MindyGail]

@marcopolo3109 for sure, we keep waiting to buy. Everything is so expensive, and we are hoping it will eventually come down. But our rent is also very expensive

[@marcopolo3109]

@@MindyGail Totally agree, in my situation I rent with a roommate in a two bedroom apartment that's really pricey. Monthly 50% of my paycheck goes to rent and I think is not fair because years ago rents were affordable and I was able to save more money. I wish too for buying a house, but that 20% down payment and other pre requirements make it impossible to own a house now days, even by having a good salary.

[@MindyGail]

@marcopolo3109 Yeah, I'm married. We rent a 2 bedroom apartment. It's about 30 percent of our combined monthly income. In our area, homes have gone up 100k plus in price on the past 5 years. Homes that were once selling for 120k-130k are now going to 250k to 300k... it's insane and I'm scared to buy because I don't want the market to go down and then be upside down on a home. I feel like my husband and I make decent money, and I wouldn't feel comfortable going about 250k to 300k for a home. Idk who's buying these 400k and up homes. Which is the average for a decent home.

[@frumpusnumpus]

Inserted himself as the rich smart cousin. 😂

[@dylanfitzpatrick9423]

I liked this guy, he’s gonna do just fine. It’s a nice change having a more hopeful story for once, last few audits had me feeling depressed for them.

[@johnparker4484]

Nah I’m here for the depression train

[@Tib1010]

​@@johnparker4484 Makes me feel good about my 4k in student loans I've been paying off lmao. 4k seems like a small hill compared to the astronomical amounts on this show

[@jmck2290]

I believe in this guy, he seems humble and like he’s going to make changes. I think he’s going to come back with a better audit and a good life update.

[@chrisnchips5689]

This morning I finally paid off all of my "bad debt", I started paying off my credit cards and loans in February and stuck with a game plan thanks to what I've seen on this show. Feels good to see the light at the end of the tunnel, I just have 9k of my car loan and 3k of student loan. My upstart and credit cards are all gone I can't believe it!! ❤

[@krisjustbegun9740]

Good work. Keep at it 👍🏾

[@chrisnchips5689]

​@@krisjustbegun9740 Thank you 🙏

[@agamersinsanity]

I'm thinking off paying off my student loan even though the interests is non-existent here in Sweden xD

[@CalebHammer]

Amazing!

[@ransvd]

Congratulations! 🎉👏🏼

[@jakekeeton8332]

My daughter is 2 years old and I can’t wait to teach her financial literacy. I had to learn everything the hard way(new cars, credit cards, high interest long term loans, etc) and it set me back YEARS. I’ll be damned if she makes $150k a year and ends up in the predicament this gentleman is in.

[@Sadreath]

Not gonna lie his predicament is a dream come true for most people. Even with a $900 monthly tesla payment and paying rent of maybe $1200 he would still be fine with a 50/30/20 split

[@Judep4237]

Started my kids pension when he was 2, paying small monthly amounts. Makes more sense than buying yet another plastic toy.

[@madalynnr9940]

Start now! Start teaching her about what money is and get her participating in grocery shopping, there are a few financial literacy games out there designed for kids under 6 that you might want to check out. My daughter is 3 and she helps me with all the steps of grocery shopping including scanning and paying and we play a piggy bank savings game where I'm teaching her the different coins as she puts them into the piggy bank to save. Also have her present for money conversations, especially savings for her, bring her to the bank for education fund discussions. Make it so normal and a part of everyday life that to be anything but being financially responsible seems weird.

[@genxx2724]

@@madalynnr9940 That’s great. But please don’t have her scan and pay if anyone else is waiting. You can point it out to her and teach consideration at the same time.

[@aaronqueen55]

You didn’t have to learn everything the hard way. No excuses.

[@rociom.acosta7262]

I really liked this episode!!! Weirdly enough!!! The guy was chill and admitting every mistake. It's also refreshing to see someone living with their parents, even with a good income. It just makes absolute sense, he's so young. And thanks to that situation, he can get himself out of this huge debt. I want more community life to be promoted. It's a classic story arc: kid makes bad decisions, will still pay the price while getting support. He will have learned big life lessons by 26!!

[@krucker13]

I appreciate videos like this to show me how well the path my dad put me on was. I was able to get through college without taking loans, went to a cheap school, had a little help from parents, worked throughout. Was able to save up and buy a house at 25, and when I did get married was able to get my wife out of debt too. Now at 35, have a decent egg saved up, and an planning a career change, which I would never consider if we weren’t stable. Big thanks to my dad to getting me started right

[@MrNGTfan123]

He could be saving $7000 a month easily. Crazy irresponsible.

[@mackeejack6731]

If he’s not a millionaire in 5 years he should be in prison

[@chillinvillin21]

Why. His parents are paying his bills. He can have fun...

[@dynaryda8857]

@@chillinvillin21 the point is he won’t be able to have fun later in life cause he would still need to work to earn a living.

[@SnifferSock]

@@chillinvillin21 he spent $89k worth of fun last year... I think it's time he grow up and be responsible.

[@truckercowboyed2638]

​@@chillinvillin21you're the problem in society today

[@ralph7463]

I love these videos because it goes to show that just because someone makes a lot of money doesn’t mean they’re financially secure or educated. But props to this guy for wanting to get it together early on in his life. He’s not waiting until he’s like 40 to realize he needs to do something.

[@JayraaMar]

This guy is taking accountability and seems very humble. I know he’s definitely gonna get out of debt im rooting for him

[@TheGamingAudiophile]

This is sadly the case of most young adults. Social media pressures them to try to keep up and “look” affluent. But really they’re just burying themselves in debt and preventing any kind of retirement.

[@jegr3398]

It's a story as old as time. Keeping up with the Joneses

[@96ej]

The root cause of that problem is people not realizing their enough. Life gets a whole lot better once you realize you're seeking validation from others and start walking your own path

[@candymanAM]

Yah its not just social media happens to every generation

[@lexm17]

I mean keeping up with the Joneses has been a thing for decades but social media has definitely made it worse. You just have to try to be happy with what you have and think about your long term goals

[@paninthedada]

Who’s gonna tell them a lot of blue collar workers are secretly millionaires

[@JacobNelson2014]

Not me refreshing my KZbin feed for the last two minutes… HERE WE GO!

[@MeghanGraceDIY]

Me too 😂

[@JF-li2nh]

The power of his income makes his past poor decisions so much more manageable. I make half of what he does but it'll take me probably 8 times as long to recover from similar past mistakes. Good for him. He seems like a decent and smart dude, I hope he sticks to the plan.

[@andreapandrea7702]

I think this guy will come back for a check in and be successful! He has a good attitude.

[@YouVSMeTV]

As someone who lives in Massachusetts, renters have crazy rights. It's unlikely they could kick her out even if they wanted to.

[@po2709]

That's what I was thinking.

[@genxx2724]

Landlords should have to disclose nuisances, just the same as sellers. Most renters can’t afford to pay another deposit and move again, lose their cleaning deposit because they settled in and hung things on the walls, plus it’s a huge time imposition. And most landlords won’t just let you off the hook when you break the lease.

[@TheIronChainMaster]

Say she " accidentally " fell out a window

[@AFFTFOMSICHTS]

@@TheIronChainMaster😂😂

[@TheAleQc]

​@@TheIronChainMasterhaunted neighbors are even worse. Moaning Myrtle AND neighbors.

[@Erepk]

While I was searching for a car, I really wanted a Lexus. But as soon as I reflected on the real reason behind my want, I knew it was the stupidest decision. I’d rather be rich than look rich

[@tracy_cakkes]

Same here

[@stephiiiless]

Yup! I wanted a a mercedes ml and so I went and got a 15 year old ML diesel that I paid 2k for and i get stopped daily about how nice it is. And I have no car debt.

[@aang6421]

Part of me wants a new Lexus or Acura . I currently drive a 2004 Acura TSX and the ride I have is great. Drove recent corollas and accords, and not a fan. I prefer my 2004 TSX vs them. Making me think I'd only enjoy another lexus or Acura 😢

[@tammiehinkle2040]

Lexus CAN be smart. I bought a certified pre-owned, with unlimited mile warranty for 10yrs($4k). I drive ~60k/yr. In 10yrs they will pay ALL repairs for 600/650k miles. Total cost of ~$50k(out the door). That is 5k/yr, repairs included.

[@nmccw3245]

Be rich and look / live average. 👍🏻

[@tanthom32]

Once this guy pays off his debt and becomes intentional, he is going to be in GREAT shape. We’ll done! Just tighten up a few of those areas!

[@simondva1]

I don't get why people criticise his debt so badly. That's what got him that wonderful salary and why all the math works out so beautifully... He bought a Tesla, that was not a great decision, but he seems to understand his mistake and is willing to pay the price to correct it asap. It seems like people nowadays think that going to university and getting a professional career is stupid, but then again, how many of the people pointing fingers are earning/earned ~140k/year at 24? There's absolutely no shame in being an engineer, but rather the complete opposite. People seem to forget that things in the world neeed to be built and improved for humanity to keep progressing. Where would we be if everyone were uneducated tiktokers? He got carried away with the car, but I see someone set for great success there. Good on you John, I hope you keep killing it.

[@sylvia9290]

That’s my brother!!! Love you, kiddo. You are so brave! I believe you will get outta this debt. Thank you, Caleb for helping my brother 💕

[@izzywond3r]

Heck yeah

[@Alex-zi1nb]

tell your brother to grow the f up

[@lmelior]

Yooo nicely done sis! Cool to see how quickly someone can turn around bad financial habits when a person they trust helps them out like this.

[@MrSilviable]

Talk him outa that ear ring. Someone’s gotta do it

[@XxFoolishippoxX]

This hits too close to home as a Wentworth Alumni with a high paying Engineering job. Lifestyle creep is a bitch.

[@dylanvazquez9374]

Caleb, really digging how you show the breakdown and total debt in the right corner. I felt it was something that was missing previously. Good stuff as always!

[@AngelicaRamirez-xk8lb]

OMG way passed 500k. Woooooo congrats 🎉👏🏼. I've been seeing your videos for a while and even checked out the old ones too! You've come a long way 😁

[@STATESZ]

I love seeing the episodes with people with good financial situations, it's inspiring...

[@MakaylaCentral]

Growing up in a family that was not financially stable and never stressed when they really should have, as soon as a got a touch of some real money at 20 I kinda went wild. Now at 23 almost 24 I’m trying to fix everything and get ahead so my boyfriend and I can have a financially stable life. Thank you Caleb for helping me realize that my mistakes in the past can be fixed and giving me a wake up call so I stopped spiraling.

[@libertybelllocks7476]

This doesnt just apply to you, but a lot of people I see on this show. 60k in debt, make 120k a year, for example. Literally, live in the normal poor parts of town for year. Ive lived in the ghetto all my life - close to makin real money now. People can live in the poor parts of town and be ok for a year. No one is going to break into your house and try to take your stuff just because you are in a poor area. It kills me that a person wouldnt live in a shithole for a year to fix a situation like that ASAP. Goodluck and stop being dumb.

[@nishpatel5387]

After watching several of these videos, the main issue I see is the overspending and lack of budget. It's the typical American debt cycle and it's interesting to see this at both the micro and macro levels

[@LoyalServant77]

So many helpful links in description! Thank you!

[@rayna463]

Hypothetically he could put all his money towards his debts and pay it off in less than two years. If he lives at home

[@thegreatpiginthesky3904]

A 3090TI for CSGO? That's the most insane purchase on this show

[@CalebHammer]

🤣🤣🤣

[@FlakesJK]

my 4700k and 1080 still have me sitting pretty😂

[@thegreatpiginthesky3904]

@@FlakesJK yeah no kidding. This guy bought it to say he has one lol

[@ck8579]

bro shoulda shared his cs go inventory😂.. bet hes dropped crazy money

[@kaydublin5164]

I’m obsessed with Caleb and his videos. My hubby and I were in debt 15 years ago, nothing like these ppl cause we never had student debt, but we’ve been together for 38 years, we are on our way towards retirement, in 6 months our house will be paid off, don’t give up ppl, we had no guidance and we were able to do it. 😊

[@taysays]

"That's a delicious income" 😂 I friggin love Caleb!

[@TestMeatDollSteak]

6 figure student loan debt and pulls the trigger on an auto loan for a spendy Tesla anyways…sounds like a lot of cardiologists and surgeons I work with in healthcare.

[@victorbaird8220]

You must be wealthy😊

[@TestMeatDollSteak]

@@victorbaird8220 - No, sadly. I wish, though! I’m just a lowly, middle class wage earning technologist who works with a lot of wealthy physicians.

[@mrECisME]

But It's to save the planet!

[@ianstephens333]

Cardiologists an surgeons make wayyyy more than this guy

[@TestMeatDollSteak]

@@ianstephens333 - I do ok; just over $100k gross. But, yes, you’re right, interventional cardiologists and cardiothoracic surgeons can easily earn 10 to 20 times as much as I do, depending on their experience, the hospital, and location.

[@sugoruyo]

As someone who does the same job as the auditee here, I'll say the CS degree is not necessary to get you started but the academic knowledge you gain does become very important the higher up the technical ladder you go. It can mean the difference between maxing out mid-range and keeping on climbing. It's only ever going to be worth it if you put it to good use though. Also, the knowledge is not necessarily only obtained via a degree program, you can always cover the material with self-study if you are so inclined and can keep your motivation up.

[@MrEdes7]

Also a lot of bootcamps and certifications have costs comparable to state colleges!

[@stillstymied]

CS degree can get you into more conservative places of employment, too, it expands your options.

[@MyNameHere101]

Facts. My husband has driven cranes for years but he can't get hired as a crane operator because he doesn't have that one piece of paper 🙄

[@katierobey-bhamani4435]

This is absolutely true. I work a lot with people in the silicon valley and the wealthy top people don't just have bachelor's degrees but Master's degrees even.

[@NathercialoveS2]

Yes I agree!

[@timmyjacobs0]

For thr longest time i resisted watching Caleb's content, because i saw the same stupid things i've done on display and having the light on it. I'm still currently in that situation, but now i watch and try to learn the best way to come up out of it.

[@lenalena2]

i really like this guy! He seems super humble and sweet. I hope he turns his life around

[@faliyo3053]

These certifications are beneficial mostly when you already have a degree, regardless of the degree. Someone with a High School education with a cert is going to be overlooked versus someone with a degree + certs.

[@Exploringwithisha]

Yeah! A lot of people who know nothing about tech love bringing up you can just get certified cause of some success stories they’ve heard. You are in a better position as a college graduate regardless and statistics show that

[@timgibney5590]

@@Exploringwithisha You start at $15/hr at hte help desk. After 10 years then you move into your field.

[@davidwelty9763]

I would be embarrassed to buy a Tesla while living with my parents. If I was his father I would call BS on that.

[@bhnurse16]

I'm more surprised that he bought such an expensive car but worked from home and realized he didn't really need it

[@Tmp130]

I would be embarrassed to buy a Tesla.

[@Geckoo-eh7wq]

Yea buying such an expensive car while you work from home is hilarious 😂

[@MrSKlim]

@@Tmp130you couldn’t afford one, so you can save the embarrassment 👌🏼

[@MetalheadJakeG]

​@@MrSKlimhaving taste =! unable to afford

[@rachel107511]

I really appreciate you adapting your methodology and justifying why there's nuance. It shows signs of growth as a content creator. You're blowing up, and you're handling it super well, all things considered.

[@turbo66]

I'd like to see a review where someone has an overall "good" position, low debt, a good budget and savings etc has some goals they're working towards and see what can be done to make it better :)

[@Kneeeyo]

Hi Caleb! Thank you all of these videos. I immediately watch them as soon as a new one comes out. I’m a huge fan! However, I believe your subscribers (and myself) would love to hear about you and your debt journey! You even mentioned one in this video. You are so knowledgeable that I’m sure that comes from your experience as well. As much as we love hearing from your guests, I know we’d love to have a dedicated video geared more personally from you. ☺️

[@MannyK143]

Binged watch the hell out of your channel im 20 yrs old and everything youve been talking about on your channel has taught me how to take care of my finnances. GLAD I FOUND YOU AND THANKS FOR YOUR HELP 🙏🙏

[@youareaskyscraper]

In my experience working at a credit union near a major medical tech hub, people who get paid a lot of money quickly (or from a young age) do not necessarily have an actual understanding of how finances work and have some of the worst credit and nothing invested. That's why shows like Caleb's are so important. It's blunt, honest, and gives real applicable advice.

[@adamkrasuski862]

Can’t imagine buying a tesla personally. Really just don’t see the allure to these cars. Build quality is sub-par to alternatives and the charging infrastructure just isn’t there yet.

[@tracy_cakkes]

I don’t see the appeal either I think they’re overhyped

[@IMAPOTATOZ]

At 24 I wanted one because they were cheaper than other cars i was interested in (after rebates) It can drive itself, and its crazy fast. Didnt buy one "to save the turtles" lol but I pay around 43$/month to charge at home. The charging infrastructure is debatable. We have all these new developments being built, yet somehow we cant support charging?? With how many people dont like EV's, and those who do usually charge at night, and often not every night either, i just dont feel like EVs will harm the infrastructure that much compared to people running their AC's during peak times in the summer.

[@NikkiJ20]

People like what they like. It is what it is!!

[@adamkrasuski862]

@@IMAPOTATOZ my criticisms aren’t the power draw rather the feasibility of charging tech now. It takes a few minutes to fill up your tank as opposed to 20 minutes to charge a drained battery to 80%. EVs work for day to day commutes but not so much for longer road trips. Don’t get me wrong, we will get there but as to when, who knows.

[@MrNGTfan123]

That’s why ford and GM are partnering with Tesla charging infrastructure because “ it isn’t there yet” 😂😂😂😂😂😂

[@UnknownNev]

Thank you, Mr. Hammer! Your videos have been a great help in keeping my stuff together.

[@dylangost8475]

I would love to see a before and after video of them following your advice. Love the channel man!👍

[@emoster]

I really appreciate both the people who come on this show and you, Caleb, for hosting it. I learn best through examples and other people's stories and I was able to sit down and think of actual tangible goals of how much I need to make over the summer in terms of student debt and mitigating expenses over the semester. All that's left is the discipline to follow through, the patience to wait for progress, and the flexibility to adapt as I make or miss certain goals. Easier said than done but I feel oddly... settled about it all. I look forward to where I'll be financially in a year.

[@daniellegilbert3317]

You sound very mature! Good luck and make sure to push yourself to stick to your plan!

[@bsuzysimpson]

Caleb, you bring joy to my morning hahah! Thank you for working so hard. Can’t wait to watch the rest of the video!

[@CalebHammer]

You're the best!

[@chayheretoday9890]

I would love to see a follow up to see whether your advice was followed and to what extent. Great content! x

[@ratenone]

This situation is silly hut definitely the highest Caleb H. Financial Audit score I've ever seen on this show!

[@maize3239]

If I were his parents, I would be okay with him living at home if he were working on paying off the loans. If I then saw that he took out a big car loan on top of it, I'd be MAD. His parents should have been giving him advice about this stuff and making sure he was working on what was important while living at home.

[@rollerbaybee4230]

Agreed. They are not doing him any favors

[@MyNameHere101]

His parents are half the issue.

[@suesteig3025]

You can give your kids good advice on finances, but when they become adults, it's all on them. People are going to do what they want to do. Can't blame his parents.

[@maize3239]

@@suesteig3025 Sure, but he lives with the parents still. They could set boundaries in order for him to continue living with them.

[@THExKINGxKINGx]

@@maize3239People are adults. Not how it works.

[@crystalheart5707]

I like that you added the payments/debt amounts to the bottom right. It helps me follow along while I'm doing other tasks. Thanks!

[@BrokerLower]

You know you have hope for them no matter what when Caleb doesn't need to tell them to lean into the mic ✨️

[@chelseajennings5969]

He is taking it so well with having to cut down on so much stuff so fast! He's like I'm down for this! Get me out of this mess. Whatever it takes, his fiance is getting a husband with a great income, a lot of smarts, and a passion for caring about her!

[@raymondjurado9203]

Tech bro's gonna be fine. He knows what the inputs and outputs gotta be and he's got time to make it all happen and get into his career.

[@siimoraba2043]

Valid point, as long as the mental health remains stable. Judging by some other people appearing on this channel, it's not a guarantee once in some pretty bad debt.

[@user-dv8bs7tb5c]

You are incredible at immediately implementing suggestions from your audience... You don't have to.. but you did . Super cool.

[@CalebHammer]

❤️❤️❤️

[@SlanginRichard]

Wow great content. Good shit Caleb

[@iamme50]

This one hits home. I made the same 6 figure stupid debt choice for my master degree. I was already in deep debt with my bachelors. All I can do is work and pay off those student loans even if that means for the rest of my life. I'm actually working on a tech certificate and plan on getting additional tech certificates. Since I've put the anticipated dates of the tech certs on my resume (luckily, I have some experience in tech) I've been getting calls from some top tech employers which I find pretty exciting.

[@heimbiggysmallz]

Caleb’s podcasts are all that gets me thru my work day 😂

[@butterbelieveit3520]

this is awesome he seems like a good guy wish him the best!

[@chrishewittpiano]

This was my favorite episode so far!!!

[@MacJerm0]

Love the vids Mr. H , I will become greater thanks for the aide.

[@SproutigyBowling]

Thank you a lot for these videos. You have helped me start understanding a budget ( even tho I can’t follow super strictly ) but I’m strictly paying my bills all the time and never late. Since the start of the year I have payed my 2200 credit card bill down to 500 ( as of this month ) thank you Caleb. I will be set in a matter of time.

[@CalebHammer]

You’ve got this!

[@MeghanGraceDIY]

Oh god my mom lives in Mass and she was like that neighbor that wanted it perfectly quiet, would call the cops on people, made people move out, so thankfully we got her into a mobile home so she didn’t share walls with anyone and continue to make them miserable!

[@genxx2724]

That was kind, to help her into a place that was more comfortable for her.

[@libertybelllocks7476]

How is it your moms fault? I am the same way and im 36 year old man. No one wants to hear your BS that you got going on next door. Not only that the neighbor should have some common courtesy and not be so loud - you cant just do whatever you want living next to people. I can promise you better hope you arent one of these people that expects a neighbor to deal with your loud, unnecessary BS. You live next to a person like me, Id make you move out too - but only because Id make it so fukin unsafe and unpredictable around the area that you would want to leave. Ive done it before. OR.........just stop being so loud and thinking everyone has to take your BS. You cant just act like how you want or you WILL come across someone, one day, that aint playing your games.

[@brianagillustration]

this is exactly why I only rent houses, and not apartments. I'll be damned if someone's tell me what to do in MY own house lol.

[@padmaisonaroll8613]

I'm very happy this channel exists! You rock Caleb.

[@CalebHammer]

Thank you!

[@kaylasanders4420]

I love how the best situation so far on the show is still only a 4.5 out of 10

[@heimbiggysmallz]

You know it’s gonna be a good day when Caleb uploads a banger

[@NikkiJ20]

Being financially stable is important but don't forget life is not promised to any of us. Its okay to buy and enojoy things you can afford!

[@OhsoWoobie]

Emphasis on Can. These examples are people spending what they Can’t

[@NikkiJ20]

@OhsoWoobie it depends on how people prioritize. Finances are extremely personal.....while one person may want to invest for the future, another may want to live in the moment. It's their life their decisions! His car wasn't getting repossessed so technically he can afford it and making his payments on time but when you reorganized his priorities then sure maybe one can say he can't afford it. To each his own!!!

[@Xx3SPAZxX]

Ur blowing up my dude well deserved

[@jasminesky4063]

Hi. I am so happy to watch your videos. A Greek girl living in Australia. I can say I have started to think differently for my finances. Dimitra

[@punkbassandcovers]

Big reality check coming for a lot of people when these student loan payments resume.

[@mikes.4855]

@@spf_500 Tell that to any student loan borrower, and they'll scream at you

[@briansmith8390]

Wait? Joe Biden told me if I voted for him and Cumalotta that he wipe wipe those out????!!!!!

[@HSQadri]

@@briansmith8390 He did. $20 billion in fact, via debt cancellations for targeted groups - disabled, defrauded, & public service workers. The broad based forgivenness was crushed by conservative judges (imminently) and Republican Senators.

[@Zoot_of_Anthrax]

@@spf_500 lifestyle creep is a thing. People get used to spending a certain number and dont budget to spend LESS.

[@Akinon93]

​@@spf_500you say that while watching a channel full of ppl unable to budget

[@martinlazar9420]

Hate to tell you this but you need a degree in most companies. A person with a degree will be chosen vs a person without a Degree almost any day of the week in most companies just for status reasons.

[@user-ny5xe2hx7t]

Most rich people stay rich by spending like the poor and investing without no stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them

[@ArielVontin]

My first investment was with Shanita Creswell, it gave me profit of over $80,000 Us dollar...

[@MarcosAlonso-wx8uw]

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 🙏🏻

[@JacolienVos]

Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade

[@DeborahPearson-ng2cs]

A common mistake we newbies make is venturing into the market without help and legit guidance

[@SandraPatterson-di6xh]

@JuergenWoehlert I invested $10,100 with her and she made profit of $53,000 for me just in 5days

[@hxneyluvii7604]

the guy smiles the whole time like saying though am in this terrible situation my smile will equate everything...

[@evelynherrera-gonzalez1474]

CALEB!!! you make my mornings so much more enjoyable!! Lol thank you young man for your amazing content

[@CalebHammer]

My pleasure!!

[@srw788]

As a Cybersecurity Operations Manager, I hate to see younger folks get a big salary in IT and just blow it. Best thing some of the younger folks going from making $10k/yr as a student to $60-80k after graduation can do is spend a few years continuing to live as a "student". The massive difference can do wonders for paying off any debts, getting a down payment ready, and otherwise setting them up for success.

[@justblank2653]

as a Cyber student this is exactly my plan, live with the parents if they allow and pay the debt as fast as i can then focus on building wealth

[@SnifferSock]

He DOES pay rent but it's only $150. He also pays $100 for internet and $200+ for phone. So his monthly are $600-650 including food. Sounds much more like a free loader until that's factored in.

[@sylvia9290]

I wish someone would bump this comment. He helps our parents in more ways than these commenters know...and they do not know the reason he is choosing to live with our parents. I have to bite my tongue about any personal details because he asked me to! But the lack of empathy in these comments is really getting to me. No one knows someone's whole story from a KZbin video (unless that's what the video is about).

[@NewscasterNews4]

@@sylvia9290either way he’s going to be extremely well off in 10 years if he follows the plan Caleb laid out, so no need to even acknowledge the negativity. It’s just a smart move short term so he can actually afford his own place long term instead of renting forever, a respectable decision

[@azamsharp]

Just came across Caleb channel and I am really liking the content. I consider myself finance nerd too. It is sad to see that a lot of people lack basic financial sense. Another thing to note is that most people are living a fake lifestyle to impress the world. Live within your means and you will have a better life.

[@jeffeberl12]

John's #1 asset is his earning potential. Make sure you are making positive impressions on your coworkers and keep your ear to the ground for new opportunities to increase that potential. Gaining 15-20% when switching jobs is common in tech. It is also common to use job offers as leverage for big raises. Just make sure you stay around long enough to not have a bunch of 1yr stints on your resume. John could easily be making double that in a decade. Luckily, being frugal and working hard are easier to do together. Especially if you work from home.

[@shanesmane]

Caleb would you be interested in doing a new series like financial audit where you help people who are doing well with their finances but want to take the next step with their finances and make their situation even better? Like giving advice on if you should invest more money, save more money etc. your videos have really helped me a lot so thank you!

[@junioradult6219]

Would get 1/10 the views probably. I watch these to make me feel better. Dont need to hear how people doing much better then me are going to do even better😂😂

[@hierosgamos8896]

@@junioradult6219use it as motivation lol

[@candy2325]

@@junioradult6219what!?? Use that as motivation! You don’t want to use others struggles as a means to feel good. No way keep pushing 🎉

[@anotherperspective6247]

I am sort of in this situation but: 1) I got to where I am by being financially literate so having him review my finances would be more about a brag trying to disguise as a humble brag & 2) I cannot have my financial situation broadcast like these folks do because the difference is they have nothing to lose other than embarrassment nothing like being a target or being treated differently by people trying to financially prey on you. It is an almost unspoken rule that people with money do not discuss it publicly. Very rarely do good things come about from flaunting it and often bad things do because there are bad people out there willing to do bad things. While money isn't the root of all evil once people know you have it then for bad people there is a target on your back. Don't target paint yourself in life.

[@lvega5606]

Is he a financial planner?

[@nicholeknight1893]

I need Caleb in my life. I binge watch these 😂

[@pj-hs7pk]

How quickly this channel has grown is incredible. What’s even more incredible is the fact that anybody who was here early knew this was exactly what would happen

[@designthedays]

Perfect way to start Friday. Financial Audit!

[@bileskalnz]

Now knowing Caleb plays counter-strike I like him even more. Man of culture 💪

[@eckankar7756]

I'm recently retired. When I went to nursing school I went to the local community college and got my RN for $3.00 a credit hour. A nursing block was $12. a semester. The hospital I worked for paid for my bachelor degree. My entire RN degree with books and labs cost $700. at the community college 40 years ago.

[@ShittyMcPoopyBalls]

Yeah and you probably bought a house for only 2 gumdrops & a shoelace too. Lemme guess, you’re a millionaire as well? What a mess we’re in now.

[@laurab9518]

That’s fantastic

[@ShittyMcPoopyBalls]

@@laurab9518 it’s absolutely not

[@larimichel4250]

It's kinda nice to see someone who's not that horrendously bad with money like unfortunately a lot. I neeeded that.

[@kabloosh699]

Took me about 3 years in tech to land a 76k a year job. 8 months later I landed a job that paid 100k a year. 3 years after that I was making about 115k and 2 years from that I am at 130k.

[@word42069]

Getting your foot in the door is the hardest part and the single most important thing is work experience. That’s it. Reigns true for just about any field.

[@kabloosh699]

@@word42069 yep. Mine was the military. Military experience can be just as valuable as a 4 year degree if not more in certain fields. It also gives you the ability to affordably earn a degree since if you're active you can do what is called CLEPing classes which is essentially a method to just take a test and earn credits towards a certain class. Then you get tuition assistance while you're in to take classes. Then after that you got the GI bill. In the air guard which is what I am in there are also state programs that will pay for your schooling. You can combine that with grants and still earn the post 9/11 GI bill. I did none of this since it was unnecessary but for the young guys straight out of high school I make sure they know this option exists since they got the time to invest in order to earn that degree.

[@jacob-t-s]

Did I miss Caleb's financial audit of himself? I thought that was promised hundreds of thousands of subscribers ago ;)

[@CalebHammer]

August!

[@roach5606]

I thought he did one right before 50k subs?

[@kristinagordon7766]

Yes, im so happy you you addressed the car loan situation in this video. If the bubble does burst I want to buy a new car but the thought of spending all my cash at once is so sad. so I have a down payment sitting in a high interest savaings (4%) and the remaning balance invested

[@BriannaEmily]

Love the total of debt and monthly payments now! Especially for those that multitask while watching haha

[@burr7259]

It sounds good to hear you say “we’re trying to get to 750k subscribers” ❤️ you’ll be there in no time

[@CalebHammer]

Thanks to your incredible support

[@johnsmith3279]

I'm just over the border of MA in NH and would love to talk to him about the Tesla. Caleb should definitely do something to connect viewers to the folks on the show if they're in interesting situations like this!

[@strokdude931]

Seems like he has a good mindset for making his situation better!