Being Hunted Down By Debt Collectors | Financial Audit

[@CalebHammer]

You've got this, Shayna!! Just remember that the sacrifice is worth the rest of your life being amazing! Give her some love for being on the show!

[@coolhand411luke6]

Congratulations on the 37.5k subs. It's popping an ad every 2 minutes too! Sell the car!

[@roshunepp]

Is the reply on my comment you? I don't think it is but wanted to check before reporting it.

[@personalbias3703]

Start educating yourself here, on KZbin. Caleb and other non-professional financial advisors are on this platform to introduce new concepts to anyone overwhelmed by financial gibberish.

[@ashleyfernandez1971]

I love all these guests for being so open and willing to share their dirty financials with us 😅 Thanks Shayna!

[@coolhand411luke6]

@@ashleyfernandez1971 I guess what throws me about these guests is they don't seem to have had their come to Jesus moment. They are just noticing their mistakes but seem powerless to take the advice to heart.

[@shayna6547]

I want to thank Caleb for getting down and dirty into my finances! I’m on track to killing my loan and credit card debt by January, I think I just needed the kick from an outside party. As for the comments regarding the housing situation, it’s not “cheap” of my boyfriends parents to swap rent payments for maintenance, it was the deal we made and it wasn’t specifically for maintenance, it was to allow breathing room to make the house a home. I talked with my boyfriend and we are putting off painting the house until my debt is paid! 🙌🏼 Also, I think there’s some confusion on the amount of debt I’m in, it’s $7k. While Caleb and many of comments mentioned, I was dragging my feet on paying it down once I got the salary increase, however it’s not crippling debt. Please stop calling me a train wreck. 🥺 Seeking help when there’s a problem is the first step, right? I’m excited to follow up with Caleb in 2023! Edit: I’ve read all your comments about credit and I’ve taken it to heart. When debt comes down, credit goes up so I won’t worry about until the debt is gone! I was raised to believe your credit score is essentially your societal worth, but if I’m not applying for loans, I don’t even need to think about it. 🥳

[@CalebHammer]

You’ve got this!! I’m so excited to celebrate with you when you’re out of this debt!!

[@soapa4279]

Honestly I binged most of Calebs audit videos, and you are the only guest where I thought to myself, you can actually achieve the goals set here. Also you were very receptive to Calebs advice. And really $7K in debt, and a car loan under $400/month is really not that bad at all.

[@Justchilling8261]

Good job on putting off painting the job. Once you have your loans paid off, including the car loan, you'll experience so much joy. Keep it up !👏

[@briank8482]

A few 5 gallon buckets of paint and elbow grease ain't that expensive.

[@christabranigan1631]

I think you are doing great. I totally agree with the advice to go with Fidelity for investments v. your travel nursing company. Working in healthcare I believe the travel nurse bubble is not sustainable and will certainly cool off substantially, if not burst, so keep your money safe with stable investment opportunities v. whats hot right now.

[@IKARNIFEX]

After watching this video I decided to pay off 80% of my credit card debt. I had the cash and was not sure why I didn’t do it to begin with. Thank you for the help! Less money on interest, less stress from looking at the statement

[@CalebHammer]

YESSSS!!! I'm so happy to hear this :)

[@SMW8816]

I would love to see a series of two different people making the same amount, but managing it in completely different ways.

[@krystaltholen9736]

That’s a series I would watch for sure

[@creekcreeperrc7972]

That certainly would be interesting to see

[@Revert2017]

OMG!!!! Tell me when you get it!

[@johnjriggsarchery2457]

Now that I'm out of debt, I seriously turned into a cheapskate because now the thrill is from saving rather than buying crap I don't need.

[@CalebHammer]

But make sure to enjoy spending in a healthy way too :)

[@christopherrosas2738]

Paying off my truck, but I kinda do the same thing...... I literally ask myself before I make a purchase.... is this a want or a need...... if I need it to survive, it's a need, but if I can live without it, it's a want.....

[@natanaelonate5193]

I can relate😂 seeing the numbers grow is more exciting than spending now

[@heathercox1898]

There is something about thinking about a purchase as you save up to pay cash for it that makes you really consider if it's a want or a need. And if the want is really worth it.

[@christopherrosas2738]

@@heathercox1898 yes I totally agree..... I need few things and want many..... so I always try and save up to get what I want when I have the money for it...... sometimes what you want now you won't want in the future, but you have money to the side to perhaps get another want

[@sladikk]

First time I got a major employment upgrade my primary focus was to reduce spending and pay off all my debt. A month after I paid it all off, I lost my job! So glad I made the decision to be debt free over short term spending.

[@CalebHammer]

For sure!

[@chicnoir29]

That was a smart move on your part.

[@sherrryann]

😮

[@marylouati9189]

I wish you could get someone in an MLM pyramid scheme in that chair. I've seen plenty people that could benefit from a lecture from you 😅 love your videos!

[@davidprettoofficial]

Before I even watch this, I expect a stream of sighs, head downs and “sell the car, sell the husband, drive a 5K junker and live off ramen until you get out of this mess and with a fully funded emergency fund” haha

[@CalebHammer]

hahahah, close!

[@juliet4521]

Sell the husband 💀

[@quixomega]

I believe the term is "rice & beans, beans & rice". 😁.

[@justinreardon4953]

Rolling on the floor with "Sell the husband" 🤣

[@perryrush6563]

@@quixomega well that's Dave's term

[@jessicatrianavlogs]

Annual followup series! I would love to see how all of these guests are doing after 1 year of your advice

[@CalebHammer]

For sure :)

[@pepcore]

Yeah me too. Really curious, binge watched a lot.

[@pearlperlitavenegas2023]

I agree 👍

[@Iamjustherek]

I love these sit down one on ones. A lot of the time I see myself reflected in the guests and seeing them being “called out” makes me reflect on my own habits 😅

[@CalebHammer]

Haha thank you

[@KryptonicHD]

I reflect and immediately go "imma go make a card payment" xD

[@katherinelipari6610]

Lol. Same!

[@christopherrosas2738]

I see the errors I made as a much younger man...... but having had life experiences where I fell down, but got right back up, I've learned I can now give advice to those who ask for it..... ofcourse I can't tell someone what to do with their money, but I can show them from my example how they should approach a financial decision.... it's up to them if they make a wise or foolish decision

[@JC-kz9qt]

I'm glad you put her on blast, and don't let her slip on by. She needs a rude awakening because she continues to try to justify her ignorance, and bad decisions. She needs to take accountability, and understand that she knows nothing about finance before she can begin recovery. Love the audits, continue what you're doing Caleb!

[@CalebHammer]

Thank you so much!

[@manestreambeauty]

@@CalebHammer Block the bot comment above yours -- they're impersonating you.

[@perry6712]

Well she's a woman so lol they never take accountability

[@katie8325]

@@perry6712 🙄 get a grip. Plenty of men on this channel also shirking accountability. Shocker.

[@tylersanders2388]

Car loans are the bane of the middle class financially. They keep everyone from reaching their financial goals. I helped get my sister into a clean 2015 kia rio with 70,000 miles for $5.5 grand last year. She's not had issues and she's not in any debt whatsoever because I helped her.

[@CalebHammer]

Yeah it's brutal

[@user-tb7rn1il3q]

@@tylersanders2388 Cars that used to be made in the US were junk. This is why Americans turned to foreign cars. Cars would be rusted out and burning oil after one winter. The V8 engines would develop a clunk before 60k miles and would blow up well short of 100k miles.

[@tylersanders2388]

@@user-tb7rn1il3q you have a poor view of history and current cars. I currently have an American V8 that is all original with 0 rust and nearly 180k miles and runs like a clock. There are good cars and there are bad cars, you just have to do your research first. American cars historically were actually the best and most reliable throughout the 20s and all the way through the 80s. The gas crisis is what turned Americans to smaller, more efficient cars, not the reliability. No car used to last over 100k because lubrication technology wasn’t very good back then.

[@genxretiree]

This girl just needs to get organized. She’s all over the map. Oh and great job on the videos Caleb.

[@CalebHammer]

Thank you!

[@genxretiree]

@@CalebHammer N/P bud! She just needs to chill. Make her payments on time and just worry about getting the balances down and the score takes care of itself over time. She seems like she's in a rush for no reason. With her income she can really get ahead of it.

[@elizabethj1303]

Hello! Former collections paralegal, so not official legal advice, just an observation. Just because a collection isn't on your credit does NOT mean you are not legally obligated to pay it. If it has become a lawsuit and there is a judgment against you, you owe that whether it's on your credit or not. It's on the creditor to report it to the credit bureau and a lot of them are lazy and just don't report it.

[@kmkcowboy1]

Sure your obligated to pay it.... unless you wanna just ignore it for 7 years🤷‍♂️I kno which choice broke ppl will make lol I was one of them

[@TylerFischer11]

You should do a Financial Audit of someone that is killing it. Your content has been great so far as it shows people what not to do. There should also be an example of what to do. If I lived in Austin, I'd definitely volunteer, as I feel like it is really beneficial for people to see/look up to.

[@raeannslife]

Yes true, it could be inspiring!

[@CalebHammer]

I’d love to :) I want anyone and everyone, as there will always be someone who will learn and relate to them! Just need them to sign up

[@brettmclemore]

I would volunteer to do it virtually since I don’t live in Austin

[@Patriot-nz5lz]

Sign me up. I’d do it zoom or whatever you do, I live in Massachusetts. Not rich but have a pretty healthy financial picture.

[@rcg224]

​@Caleb Hammer how do we sign up? Located In PA but I could do virtual. Youre really helping us all man. Thank you

[@markchavez2011]

Few things: 1) She doesn’t need to worry about her credit score going up quickly because it’s not like she should be applying for any loans in the near or even distant future 2) with that, if she paid off her car, then she would see a slight dip but only temporarily because her utilization ratio drops which I’ve experienced first hand - system working against us - and 3) She is probably the first or second person you’ve interviewed that I think will actually follow through with that short term plan of paying off those first two loans you recommended. Excited to see this follow up! Also, just because her bf’s dad and him have the same name doesn’t mean the house is under her bf… they don’t share the same identity. That’s a little strange that her or her bf have that mindset that he has any equity in the house. Also, bf’s parents are millionaires but are making her pay $1500 until son’s lease is up? Seems fishy. Okay I’m done now haha

[@writeme3993]

*Thanks👆 for watching send a direct message right away on the above👆👆 number for more enlightenment:••*

[@jcheysel1]

This is a good example of a person that no matter how much money she makes, she will always be in debt. Live modestly, pay off all debt, build up savings and pay cash for toys.

[@cleanasdirt6832]

When you make $78k, but spend like you make $90k, you join the debt club. Would like to see her situation 2 years down the road.

[@CalebHammer]

Yeah true :(

[@inthevault9603]

It could possibly be worse bc of her unfortunate mindset.

[@choreomaniac]

She’s spending like she’s going to marry a millionaire’s son. Oh, wait…. I guess that’s a financial plan.

[@kvmairforce]

She isn't making $78k while bringing $72k net. Something is wrong with the calculations.

[@dynamichunter843]

@@choreomaniac yeah she said “I wish I was getting equity” bro you are marrying the man that owns it you will get 50% equity

[@ehren5347]

Say it with me..... PAYING INTEREST DOESN'T IMPROVE YOUR SCORE. Having the account open will help as it is total accounts and length of open accounts, but I have 0 interest paid on my credit cards AND get all the benefits.

[@Helthurian]

Paying on it in general won't either. It's all about not having missed payments, the age of the lines you have open, inquiries you make, and your utilization. All using a card will do is keep it open and at the same credit limit. But you can go quite a while without using a card before they close it or lower the limit.

[@ehren5347]

@@Helthurian yea so having the account improves your score. I keep 1 open with a zero balance for the credit history length.

[@Helthurian]

@@ehren5347 Yup! I was just pointing out that it doesn't even need to be used, as some commonly believe.

[@simplifinance5154]

I recently got a new job with a similar pay increase as hers and I'm super thankful I paid off my debt while I wasn't making as much. Once she has this debt paid off and learns how to save/invest, I think she will be very successful.

[@CalebHammer]

Amazing!!! Wooo!!!

[@inthevault9603]

Never do partial debt payments with collectors. Settle with them w/ a lump sum or pay the whole thing. Period.

[@headcas620]

You should delete your comment and repost it to get rid of the spam comment. Reporting does nothing

[@becuteforme]

Is it because they add fees or why not? I was thinking of doing that ...

[@biigsmokee]

@@becuteforme you are financing debt

[@Sagensass]

You have truly opened up my eyes and made me realize that my finances are super important. Ever since I started watching you I’ve really been doing my best to get everything under control. Thank you for starting your channel. You have given so much motivation!

[@writeme3993]

*Thanks👆 for watching send a direct message right away on the above👆👆 number for more enlightenment:••*

[@Jalapinecone]

The fact that it's been so hard for a bunch of the people in these videos to imagine going even just a few months without a car, especially when they work from home, is insanity to me

[@CalebHammer]

It’s just very sad :(

[@MonicaAdrianna]

@@CalebHammer yeah it's so ingrained in the culture. My family and friends were shocked when I never got a car- but I've always lived in cities with public transport and now I work from home. It's not needed!

[@i9incher]

Not really possible in more rural areas but I get your point.

[@MonicaAdrianna]

@@i9incher no I totally get that about rural areas- I was just surprised by the amount of hate I got from other city people about not having a car

[@AliciaMcIntire]

I know, right!? I got rid of my car 18 months ago, and it has been a great financial decision. I can get everywhere in town in about the same time by bike, and I live in a suburban type city with a population of 100k (ie not NYC or Portland or places people think of when they think of going car free). If you work from home, it is totally doable, especially if someone else in the house has a car.

[@mmidou2093]

Am I the only woman able to go to target and not even spend a dime if I can’t find what I am looking for? I don’t understand the hype around it

[@CalebHammer]

I do enjoy their t-shirts and home decor

[@euenfheiejrj]

Nope. Granted I walk from work so I need to carry it back and on the train but I don’t get the appeal either. Sometimes I’ll get candles or a soap dish.

[@Stillworking1]

I walk in and walk right out if I need to!

[@oohily]

Me too girl! I go in there for specific shit- if it’s not there I leave.

[@domisbrowsing]

@@CalebHammer Its hard to hate 15$ tshirts

[@hocuspothos387]

Great channel. I think the addition of graphics (pie charts, other illustrations; similar to CNBC Make It Series) would help us understand the amount and distribution of their debt as well as where you are recommending to address first. Keep up the good work!

[@watermelonwonders5213]

It always blows my mind that people willing reveal their finances to the entire internet. Very fun to watch though!!

[@RiversJ]

It isn't like they're doing it for nothing, is it public and a little humiliating? Sure but that itself plays a no small part i suspect for many them, they know inside they need a Rude awakening and some really good advice and a plan to dig themselves out of their financial holes. Such services tend to cost a long penny aswell i might add. I'm not personally in a hole since I've already dug myself out but i also want to ensure i develop a deep aversion to stupid finances when i start getting a higher income to not waste it.

[@ladyviking]

One of the best “investments” I have made was a rudimentary code reader for a car. I’m looking for a new used car now, and I’ve never paid more than $5,000 for a car. I’ve owned 2 cars in my life and they’ve both lasted forever and I might still have them now (things beyond my control). That code reader is my buddy when I go looking at used cars. It gives me insight, bargaining leverage, and has saved me TONS of money and trouble. I think it’s the best $25 I’ve ever spent.

[@leegro1015]

I love the show... but, when people come on that are in a relationship, it would be awesome to require both partners be on the show. That would be killer!

[@CalebHammer]

I’d love to have him on with her!

[@thabitpulak]

The lack of headache that comes with driving an "old" car that you owe nothing on, is priceless. I drive a 17 year old Toyota Solara Convertible with 170K miles that I paid $4K for (I bought it with 140K)- mechanically the car was perfect. I spent an additional $500 on getting an Apple CarPlay Unit with a backup camera ( a very simple Sony XAV series unit), and now I have all the features I actually care about from a newer car. No need for fancy driverless assist technologies - it forces you to focus on the road yourself! These days, a car from the mid 2000s will still have decent safety features - my car has front and side airbags, as well as VSC and ABS - all the basics! It's just nice not having a headache of monthly car payments years down the road. You could instead, just save more money every month and actually feel like you're getting ahead. The money you save by not having car payments, gives you confidence that if anything mechanically bad happened to your car, you could comfortably afford repairs and properly maintain your car. I've driven my car for 3 years so far, and put 30K miles on it, and the only things I've had to do was change brakes and oil changes. But even if something major happened, like if the transmission hypothetically failed on my car, and it costed $2-3K for a rebuild - I'd be able to foot that bill and still come out ahead of owning an expensive newer car with a steeper depreciation curve.

[@SamSolo43]

my god she's been at the job for 6 months, she could have killed the debts within her first few paychecks. people's priorities in this series always amaze me. like my anxiety could never let me max a cc, get a loan and not aggressively pay everything off nonetheless get a car she doesn't /need/ since she's WFH. like i don't think shayna is dumb, but her bf and the family seem to be taking advantage of her..........of course big assumption from a short video but girl needs to look after herself first before doing anything for anyone else.

[@fungdark8270]

It’s the society in which we live. We are hollow people, distracted from distraction by distraction. We have a lust for desire

[@tracy_cakkes]

How are they taking advantage of her? $750 for a whole house is cheap

[@fire-financialindependence4764]

Did anyone else find it odd that she has to pay all of the rent while her boyfriend isn't there from a house owned by him/his parents? 🚩🚩🚩 She could use that additional $750 per month to aggressively pay down the debt! Also, she shouldn't have to pay for any cosmetic updates to the house since she is not participating in the equity upside.

[@CalebHammer]

Yeah that is odd for sure

[@TriHard612]

The parents still have to pay the mortgage/lost revenue from not renting to someone else(or Air BnB). I can see their side, their son is not married. I doubt $1500/month is all they could get for that place in that market.

[@thunderb00m]

they are treating her like any other tenant but with the quid pro quo. the equity is beside the point. If she wants equity then she would have put the down payment and get a loan like everyone else.

[@mustangthings]

She doesn’t “have” to do anything. If she wants equity, she needs to buy a house herself.

[@AnnaBella510]

Buy yourself a nice condo you can rent out and build your own Real Estate equity with. Then just pay your 750. Every month 🤣🤣🤣

[@NaeOnYT]

I've seen "my partner owns a house entirely in their name and I just pay them rent" go south before. You're effectively helping someone build equity while you are guaranteed nothing out of the deal, should you break up. It's not a BAD thing, per se, but you need to make sure you're protecting yourself financially at the same time.

[@gr86er]

She should also be paying her own way which is at least fair market rent. If she pays any less she is already getting a deal out of it.

[@potato1084]

Yhhh that’s so weird. I’ve always thought when I’m going to buy a property I want my bf to pay half but also own the portion he puts money into and get that money back. Any other way and I feel like it’s taking advantage.

[@Helthurian]

@@potato1084 shed be paying double if she wasn't in this scenario, as shed have to pay rent somewhere and can't buy her own place. She just shouldn't pay for lots of improvements since she doesn't own the place and is renting.

[@siyuanthesuper1]

Ok then I guess she can move out and pay double what she's paying? Or she saves 50% on rent and put that extra money to paying down debt. It's a win win situation

[@pearlperlitavenegas2023]

She's getting below market rent

[@1kSedrick]

“I’d rather try being debt free” 💀🤣🤣🤣 Caleb is the goat lol

[@CalebHammer]

hahah thank you

[@webfreakz]

She doesn't need to build a creditscore because she shouldn't go into more debt as the previous debt is already a challenge to pay..

[@CalebHammer]

Yupppp

[@Psi-Storm]

She probably wants a home herself in the future, so getting the credit score back up long term is still important.

[@webfreakz]

@@Psi-Storm yes, but only after the current mess is paid off

[@lvsoad22]

@@Psi-Storm she could improve her credit score by… you know… paying off her outstanding debt

[@WhatIsThis-zq4hk]

Classic example of it doesn’t matter how much money you make. All that matters is the difference between income and expenses.

[@CalebHammer]

True!

[@lmelior]

The important factor in collections is the statute of limitations on debt, which in Texas is 4 years. If it's beyond that point, they won't be able to successfully sue you. They can still hound you for it, and they can even try to sue, but you just have to point out that the debt is time-barred and you win. The 7 years thing is just for a credit report, and it's 7 years after the collections account is delinquent, so it's actually closer to 7.5 years. What this means is that, even if a collections account shows up on your report, you might not even have to pay it. Yes, the score will continue to be damaged, but you can't be legally obligated to pay it off.

[@ag4allgood]

Update needs to be done Shayna. You sure can hit Caleb's goals with that nice salary. Just get into a savings habit not a spending one. Your in a really good position to do so well.

[@Joeythegeek]

Idk why but I find people's relationships with newer cars hilarious. I have a 1998 ram 3500 for 6000 I have 240,000 miles on it now and it still runs like a dream

[@ChadAV69]

Nice, dude. Most people care way too much about "looking good". I drive an 02 corolla with 100k miles that looks like it was left in Chernobyl for 8 years. It's flooded from a hurricane... I just pulled the carpet out and keep driving it. Who really cares?

[@quixomega]

A friend of mine was hunted down mercilessly by debt collectors... the thing is, he didn't actually have any debts. He had the phone number that a debtor had years before and they just would not give up. Eventually he just cancelled his phone to get rid of them. Debt collectors are the worst.

[@CalebHammer]

They really are :/

[@inthevault9603]

A lot of when they do is totally illegal. Ppl need to know their rights. They’re not allowed to call your place if employment. 🙄🤬🤡

[@astrothsknot]

i used to work for an advice agency and some of our biggest calls were people who had debt, but paid it off. the companies where waiting a few years, long enough for them to get rid of their paperwork and then pursing for debts that had been repaid. They are fucking scum.

[@keithmorgan4883]

@@astrothsknot how would that even work tho? Couldn’t they just pull bank records? Doesn’t it come off credit once it’s paid also?

[@astrothsknot]

@@keithmorgan4883 any credit paid or not remains on your credit record for at least six years. (in the uk) what the collectors are hoping is that the person can't prove it's been paid - not everything would have been paid through a bank and they may not have had a notice that the debt was paid. In the main though, they were hoping that the person would be too afraid to argue and would just pay them and get them off their back. Even if they got the bank statements, it's maybe thirty or forty months they're looking at from 8 years ago. The collectors are hoping it's too much effort to do that. They outright lie and call friends and family looking for them, so the person will be shamed or threatened into just paying, while you're waiting to go to court if you're refusing to pay (and they're never going to take you to court, because there's nothing to take) so you have months of this harassment. One particular trick would be "You missed this one payment 8 years ago and now there's all this interest accrued and all our costs as well." They'd be arguing black was white with us when we called them, even if we could actually prove it. there was a lot of back and forth until, "Oh, clerical error, sorry." For every person who fights, i bet there's 2 who pay up just to make it go away. They are fucking, disgusting scum.

[@gshot4878]

13:23 "I wanted to try it" "I would try being debt free" took me out LMAO caleb so sassy I love it

[@CalebHammer]

haha

[@andrewyang5427]

🔥 as expected I think when you ask people to sell their cars (especially those who work from home), break down using Uber as an alternative. In this case: Car loan 389 Gas 50 Insurance 75~ $514 total $514 buys a lot of Ubers, and you eliminate 17k in debt, save up for an emergency fund or new car in the meantime!

[@CalebHammer]

Very true!

[@lnstrqc85]

I honestly believe most people don’t really know how to build credit the correct way. Getting into dumb and highly risky debt is not the way to do it! 🤦🏻

[@ladyviking]

Also, I once paid off a credit card where the interest was burying me, using most of my savings account. It was a hard decision but it was the only way to stop that snowball. 18 months later, my credit is nearly PERFECT, just buying stuff I need and paying it off immediately. And I can build up that savings account again. Caleb, you are totally saving lives here. Thanks for all you do!

[@writeme3993]

*Thanks👆 for watching send a direct message right away on the above👆👆 number for more enlightenment:••*

[@CarsAcrossTexas]

As a car salesman, she is the ideal customer lmaooooo

[@CalebHammer]

Yeahhh lol

[@mandypdx]

That makes you feel good?? You should move to a college town… you can desroy so many humans for your fun paychecks ❤

[@Priust189]

Comments like this is why people hate car dealers

[@BossMan_Jerm]

You proud of yourself little guy?

[@jamiekriner7855]

You hurt a lot of people’s feeling with this comment. Must be idiots who got scammed at a car lot by the likes of you. Isn’t your fault, it’s your job. They could be more informed instead of crying about how evil car dealers are.

[@KQKQ23]

It never ceases to amaze me how unorganized financial professionals can be with their own money. Just goes to show you that personal finance is an emotional game even for pros.

[@CalebHammer]

True!

[@raz7573]

Shoemaker’s kids have no shoes. 😄

[@concertvids34]

Going to a college with a large education program I would say you'd be surprised how many teachers and social workers are actually horrible teachers to their kids and could use a lot of teaching themselves, but I digress lol.

[@KQKQ23]

@@concertvids34 I have an undergrad degree in a skill based study. I've seen it too.

[@concertvids34]

@@KQKQ23 definitely one of the biggest eye openers for me in college seeing people get degrees (and ace the grade part of school) but really have personal life flaws tied to their own area of study.

[@HeyitsMarioDiaz]

Felt like Shayna was over complicating finances and keeping herself in a hole. When it comes to personal finance, finding the easiest, most simple systems are generally the best. Prioritizing getting out of debt is key. Once you’re out of debt, the increase in credit score will come. Stay out of debt, then prioritize saving money. Set up direct deposit from your job. Have it divided between a checking account and savings account. Everything Caleb was saying about not touching the savings and also directing money into investments, but not necessarily into the company you work at, is sooooo wise!!! You da best, Caleb!

[@rachealborders]

Thank you for sharing this kind of financial advice content. We are working our way out of significant debt and should be completely paid off in two years. I binge watch your content and everything by Gail Vaz-Oxlade because both of you have really down to earth advice that is immediately actionable without the obnoxious preachiness that I find so off-putting in Dave Ramsey. I'm looking forward to seeing how you develop your platform because I see so much need in our generation for a financial education from someone who lives it rather than the "millennials ruin everything" mentality. You're awesome!

[@CalebHammer]

You’ve got this!!!!

[@minghard1]

Hey Caleb, very interesting video as usual. I don't know if someone already suggested that, but I think it would be very interesting to see a video of someone with a really tight budget, but that manages it properly. It would be different because instead of only seeing what not to do we could see some practical example of managing finances.

[@CalebHammer]

I'd love to do that! I just gotta find someone who is willing to be on in that situation :p

[@crissydv1]

Man I would totally do this! It’d have to be virtual. Religious YNAB user here

[@AshleyIngo-kt2rd]

I’m binging all the old episodes and hope she’s doing well!

[@TheForever206]

I may never understand America's obsession with Target but as long as they pay a meaty dividend, I'm all good.

[@CalebHammer]

hahah

[@raz7573]

There is no Target close to me and for that I am very glad. All the Target stores are uptown in the touristy areas, which I avoid.

[@joeyk3134]

They are about as common as Walmart but slightly better so you pay a little more to avoid the crackheads and homeless people

[@justinthematrix]

@@joeyk3134 facts

[@papagotbigtoes3344]

@@joeyk3134 Walmart shoppers leave carts in parking spaces

[@doom2060]

Probably the most hopeful one. I think she’ll be able to get out. She cares a lot about her credit score, so saying that if you want it to go up, doing this will make it rocket will help with her thinking

[@CalebHammer]

Yeah, she's got this if she's willing to buckle down!

[@yaraserrano9426]

She doesn’t care because she rather buy wings for 100 than eat at home and pay her cards and loan

[@yeetmaster8050]

Hey Caleb, just wanted to say your videos inspired me to pay off my car! 4 grand left on the credit card then I'm debt free :)

[@CalebHammer]

THAT'S AMAZING!!! You've got this!!!

[@yeetmaster8050]

@@CalebHammer Thank you so much! Btw, I share your sentiment about never having the desire to go paint my walls 😂

[@tmusa2002]

It was heartbreaking when she said she didn’t know how to save money. Please learn and you will never regret it. Start by continuing to watch this show and also watch Dave Ramsey videos. There are many many others out there so just find somebody that you gel with (Gabe Bult, Prepper Princess, etc.) and this process will become fun, you can go from a spender to a saver!

[@justkate158]

Call a credit score a “I love debt score” because that’s what it is.

[@writeme3993]

*Thanks👆 for watching send a direct message right away on the above👆👆 number for more enlightenment:••*

[@JoshuaEdward]

This one was so good. She's at such an important time in her life where the money issues of her past could either disappear or get much worse and it was all up to her. She recognized that and chose to find someone who could give some guidance. I'm really excited for her and I don't doubt that she will look back at this in a matter of months and have so much gratitude for the work she did to completely change her life. I can't wait for the follow up!

[@writeme3993]

*Thanks👆 for watching send a direct message right away on the above👆👆 number for more enlightenment:••*

[@Ferdinand208]

36:17 "Giving money to people you don't even like" You are doing that every time you borrow. The only worthwhile loan is a mortgage because you are building equity while using it. Your car, furniture, computer won't do that. They will just cost you money and degrade. Stop spending until all your debt is gone. Make a budget and only spend what your budget allows. Do cheap stuff in your house like movie night, card games, yoga. Make your own tasty food instead of going out to eat. Act your wealth: broke

[@CypressSparrowHomestead]

Ah looks nice and sunny there, wishing it was spring and getting the garden ready. We are getting dumped on with snow in the Midwest!

[@DownHomeDavis]

Accountability accountability accountability!!!!! Thank you for being tough on her. It was necessary.

[@CalebHammer]

Thanks :)

[@Hill_Walker]

This is an interesting audit for me, as I feel she should see big changes very quickly. Knocking down that debt rapidly and then building up an emergency fund. IF she knuckles down and controls her spending.

[@CalebHammer]

Yeah!

[@ehren5347]

Exactly if she stops doing a few dumb small things she's going to be debt free soon.

[@mariohjkuzffrt6611]

Am I the only one who lost it over the ‚spider in furniture part‘? 🤣

[@CalebHammer]

lol big oof

[@capitalist4life]

Caleb is pretty good at scheduling the ad breaks. It’s not too many and they’re all precisely at small cliffhangers

[@catherineross8326]

She is so much more prepared then other people who have been on this show. If they were on step one, she is on step three. Will say that the relationship dynamics is a little scary to me. I would rather marry the guy first before getting in this tangled mess. More weight in the conversation.

[@Helthurian]

I get being miffed by the paint situation, but shed have to pay rent somewhere else anyways and can't afford her own house at the moment. She should capitalize on having a low overhead to pay down her debts. Maybe by then he'll propose and if they break up, she's in a far better position than if she'd pay double renting on her own.

[@davidott744]

A lot of people seem to be under the impression that they need to finance a car to afford a car that is reliable. That’s not the case. I bought an 02 Camry a few months ago with 225k miles on it, had an independent mechanic go through and do lots of preventative maintenance on it and I am able to drive it confidently with just $5k in it total. Honestly you can get into something reliable for less. Seek out advice from friends or family that you trust who know cars to help you find something reliable for a good price.

[@jennaswihart2966]

I found in my journey that creating a budget, committing to it and seeing the results of savings at the end of the month was so rewarding that my desire to impulse buy went away instantly. I've had people ask me for advice on how to get out of debt and I've always told them to just be strict for one month and see what the results are. If you aren't hooked on a new lifestyle after that, then I don't know what to tell you.

[@CalebHammer]

That’s amazing :)

[@darlenepaul2918]

@@CalebHammer Caleb there's a guy above you called "write me" and providing a phone number using your picture

[@Nifty_10]

For the loan at 15:25 that she called a CD, you had her Truth In Lending disclosure. For all loans that’s in there and the lender is required to go over it with them by law. Interest rate, finance charge - what the loan will cost if you make the minimum loan payment for the term, amount financed - amount of the loan you’re taking out, and The Total of payments - how much all of those minimum payments will add up to if you pay the full loan term. They will be in every loan doc if anyone provides them. Very important for people accepting loans to understand this part and what it means.

[@7_11devin2]

Started watching you at around 5k subscribers really awesome to see how far you’ve come (and so fast!!) just want to thank you and everyone who goes on the show

[@CalebHammer]

And thank you to you for supporting me :)

[@bryguy1811]

Cool to see proto-Caleb developing his interview skills. The upgraded audio quality is the biggest difference I can tell.

[@VanAllenVlogs]

I’m impressed that she makes almost as much as me working from home. I work as a circulator RN!

[@Olivia-2019]

Could you do a one year review of her progress? I would love to see where she is now and any progress she has made.

[@KPMARZ1]

Her mindset is how a lot of people become lifestyle poor. It's also a great example of: if you can't manage 40k you will still be broke making 80k.

[@CalebHammer]

Yep :(

[@conor845]

Just a few months of knuckling down and she'll be in a much better position. I sure hope she takes your suggestions to heart and sorts this out quickly.

[@personalbias3703]

Start educating yourself here, on KZbin. Caleb and other non-professional financial advisers are on this platform to introduce new concepts to anyone overwhelmed by financial gibberish.

[@capitalist4life]

I’m listening to this in a $10,000 car. It has 108,000 miles and it’s dorky looking. But it works as well as any other car.

[@Kristeninblack]

lmao Caleb "a hundred dollars in WINGS.. you shaking you head "I'd rather try being debt free". You are so straight forward and funny without being a dick about finances, thats exactly the kind of advice that will get people hearing the facts but not feeling so much shame or embarassment that they won't HEAR you and make the needed changes. I loved the compromising section where you went back and forth on the game plan. She's gonna slay all this debt and then be able to have a fun conversation about what to do with all the extra $$ she's brining in with that dope job. ^_^

[@CalebHammer]

Thank you :)

[@zachariah1991]

This channel has opened my eyes to the state of our economic system in the US and the detachment from reality most young adults have in regards to it.

[@nicksmith8166]

I used to pull analyze finances of federal employees seeking security clearances and you wouldn’t believe how horrible even highly educated National security professionals are with money.

[@OzzlyOsborne]

That's sketchy. Poor financial skills might tempt people into selling government secrets to get out of their debt.

[@EddieP32]

Your easily becoming one of my favorite KZbinrs

[@stewiegriffin3456]

Love these! You’ve really inspired me to start budgeting, investing, and to take better care of my finances. Keep it up! You’re inspiring a lot of people.

[@diegoherrera120]

I like that Caleb guides their thinking into seeing from his perspective why he thinks they are wrong, and provides the steps to correct themselves. This helps a lot as someone who just watches to get a better understanding and some entertainment out of a financial audit. Keep up the great work Caleb and hold strong Shayna!

[@TBaldy]

Hey Caleb! Love the series, was hooked by your TikTok that blew up a few weeks ago with the "you HAVE to sell this car" 😂 keep the videos up! It's so interesting to see how other people spend their money

[@CalebHammer]

Thank you so much tyler :)

[@soapa4279]

I like some of the other series, but IMO this one is the best. It’s like the main course to a meal lol

[@LuiSincaraShow]

Totally agree. I always look forward to these

[@aarinol]

Why is she so concerned about her credit score? Does she not realize paying off her debt would be so much more beneficial and likely boost her score? Credit building, debt consolidation? She's missing the forest for some trees.

[@alexwatts6784]

I always find it interesting hearing the debt people will go into just to get a credit score. I do get it, society says you need one to buy x, y and z, but the peace of mind I have not having any consumer debt is hard to quantify. To each their own.

[@shayna6547]

This! It’s the societal pressure to be worthy by your “number”

[@Dancingalina518]

It’s really just an excuse you could get a secured credit card by putting 500 in your savings account and then just use 20% of it to help you with whatever and it would build your credit without burning the cash

[@jfreedom4290]

Any bill collections or third party or any creditors you tell or emails or text messages to CEASE AND DESIST THEY MUST NEVER EVER CALL YOU AGAIN! All you have to do is tell them to cease and desist do not call me or any of my relatives or friends or call or text me at home or anywhere and by law they can’t ever ever call you again or they can be sued and penalties under collections laws ! Under federal laws ! Simple words they can write but the phone harassment must cease ! Then you can deal with the debts with Pennies on a dollar …..

[@CalebHammer]

Yeah!

[@Helthurian]

I think her bf would actually really like it if she was like "hey, I'm in a lot of debt, let's postpone painting so I can take an axe to it." Showing that amount of accountability is usually attractive to people. There'll always be something else to spend money on, you have to start now or it'll just build.

[@eatit1201]

Unfortunately she is all about excuses, justifications, and laughing things off because she thinks she can charm her way out of debt. I’m not hopeful about this one long term.

[@ox0cherrybomb0xo]

I watch some of these videos any time I want to buy something on Amazon

[@KryptonicHD]

I think Caleb is onto something recommending people sell their cars! People value their cars WAY too much!!!! I bought a $2,500 car that had 90k miles and even though it was a 1999 vehicle it was also a C230K MERCEDES . Shopping around means SHOPPING AROUND, I looked for weeks before even buying. However, I have a few friends selling their cars and used car dealers are saying that there is an influx of inventory coming in before the end of the year and so they're not going to be paying a lot of money for used cars anymore. So SELL your cars now, before the car market hits another turn.

[@CalebHammer]

Our culture is so car driven :/

[@KryptonicHD]

@@CalebHammer Our cities are car driven instead of walkable ! Anaheim doesn't even have sidewalks someplaces xD

[@perlavish9256]

Goodness gracious people don't understand credit. She essentially took out a loan she did not even need and paid interest on it to get the same benefit as if she had just opened a credit card and paid it every month.

[@perlavish9256]

There really needs to be more education around credit, how many people pay interest like this for 0 reason.

[@CalebHammer]

Yeah, it's brutal!

[@lisaburke7506]

It doesn't help that I have seen "finance channels" on KZbin tell viewers that they have to accrue interest on their credit cards in order for their credit score to go up. I am starting to feel like YT needs to put disinformation flags on such bad finance videos.

[@Psi-Storm]

Effectively this is the same as opening another credit card and then only using it for a monthly savings product. You get the successful monthly payments for the credit score plus save some money every month, but you don't have to spend $125 for the stupid thing.

[@perlavish9256]

@@Psi-Storm yeah, it being scummy aside this is a great deal for the credit builder people. Make $125 0 risk.

[@randolphbehm877]

She needs to understand how much harder a healthy retirement is to achieve with each passing age milestone. It didn’t really hit me until my mid 40’s. Thankfully I did participate a little in a 401k since age 22. Had I known then what I know now I would have at least doubled my contributions and started a Roth. I am currently saving 35% of my gross to try and catch up. Why don’t they teach this stuff in school???

[@OneEyedWonder]

It’s always sad to see intelligent people who don’t understand the logic of paying off debt. That’s why I think these “Not Official Financial Advice” sessions are so important, because most people just need to understand to pay off the account that has the highest APR first then go down the list.

[@PatrikKron]

That's of course the most efficient way, and what I would do if I had multiple loans in roughly the same size. Although if the loans was very different size, let's say if I put all money I could into the two loans one could be payed of in two months the other two years. Then I'd pay of the small one first, at least if the interest rates was not very far apart like 2% and 20%, to release cashflow and reduce complexity and risk of missing a payment by mistake. So in that case I'd be fine with paying of a 2% interest loan before an 6% loan.

[@concertvids34]

When target store revenue significantly drops in 2023 I am going to contribute it to Caleb Hammer telling people to stop wasting money with impulse Target purchases haha.

[@CalebHammer]

hahahaha

[@tannerbrooks3131]

I love when I see it’s a 40min video instead of a 10-15min bc I know it’s going dowwwnn this episode

[@CalebHammer]

hahaha

[@motive7475]

She needs a wake up call. She needs to learn about money. I would suggest she read Then millionaire next door. At least she’s upfront about her issues, I would give her that, most people wouldn’t acknowledge their problems, so that’s a good start. Have to get out of debt pronto. How much you make means nothing without a net worth. You’ll pay more in taxes than anyone that accumulates a positive net worth.

[@obieeetleb7764]

That beat drop in the begining when you say today is smooth

[@CalebHammer]

Haha thank you

[@superstandardman]

I would love to see how they're doing in 6 months from now, if they took your advice or not, and if it worked reducing their debt or not.

[@adrianalvarado3877]

You legally do not have to pay debt collectors or a debt collection agency. They are not the original debtors and they bought your information from the original debtor at a loss for Pennies on the dollar and anything paid to them is profit. There are ways to have those removed from your credit profile through trusted credit repair specialists.

[@funtechu]

"You can't go to Target without spending $100" I don't think I've ever spent $100 at Target.

[@CalebHammer]

That's where I get my t-shirts haha

[@funtechu]

@@CalebHammer I suppose I should have clarified, that I've never spent $100 in one visit. I've certainly spent more than $100 at Target over my lifetime.

[@mustangthings]

Costco, maybe. Target, not so much.

[@davelarry5838]

Seems like a theme with a lot of the young people is that they fixate on their credit score and not on the crazy debt they take on

[@johngaver1104]

Yeah for real. Who cares what your credit score is. You have zero assets.

[@dericanslum1696]

...yep...they've been bamboozled...just like they only look at monthly payment and not purchase price...

[@choreomaniac]

She is way too concerned with raising her credit score than paying off her debt. Why does she need a high credit score? The mortgage is not in her name.