25-Year-Old Has Over 20% Interest Car Debt | Financial Audit

[@CalebHammer]

Check out www.coursecareers.com/calebhammer to take the free intro course, and make sure to use code HAMMER50 to get $50 off the full course.

[@katsweeterly2039]

🎉🎉🎉 I thought I do not recognize this thumbn--- oh, this is NEW! It's Friday, Friday, hammer score on Friiiiday... 🎉

[@davidwilks4123]

Why are people listening to this guy? He is not a licensed fiduciary, not a financial advisor doesn't have SIE, Series 7, 63, 65,66 designations , is not a CFP, or CFA. Open a managed account with Fidelity. Get real good advice.

[@cornhammer]

I will keep asking you about your life 😮

[@willg125]

That was the cleanest ad segue I've ever heard.

[@drewskiv686]

Love the content Caleb! maybe we’ll see you do an audit on a couple soon.

[@sethharper9663]

I once asked my mother why she watches Horders. She told me it makes her feel better about her life. Financial Audit is my version of Hoarders.

[@Julia-b9x]

*hoarders

[@tiffany.Elizabeth.]

@@nathanballance2347 😂

[@magicsp3lls]

I love both lol

[@iulianapadurariu1214]

I do both 😂

[@alexstrauss2313]

Whoreders *

[@bigbird4481]

I used to think the people saying they had only 15 dollars in the bank were always exaggerating, but after these videos I believe it

[@kierstenbrowne]

same! i thought people saying they “have no money” meant no money to spend on that. like i budge so i say i have no money but i have money, just to not spend on that particular thing. but i’m coming to realize people usually quite literally mean no money.

[@FlansyLinny]

I only make 50k a year but I have 20k sitting in savings and 10k in checking. I don't understand how people making way more than me only have $15 in the bank. This is not even getting into retirement accounts I have like 50k in there. If I made a lot of money I probably wouldn't even know what to do with it other than invest most of it.

[@mackeejack6731]

Very impressive

[@droid2D2C3P0]

​@@FlansyLinnythey have no money because they spend it all.. it's not that hard to believe, you just can't relate to or fathom it because you're not a spendy or frivolous person

[@artrod2312]

I have 150$

[@TheRideshareHub]

Buying a 2018 Tesla model 3 with 80k miles for $46k seems unbelievable. They sell brand new for for around $40k. How does that even make sense?

[@nunomartins2209]

The only thing I can think is if the new Tesla took more time to be available but still is stupid af

[@willgoogletakethisname3963]

@@nunomartins2209I know it’s not supposed to make sense, but the funny part is that he can probably more than cover the 6months of Uber fares using the 6k saved by waiting, except you get a brand new car too 💀

[@lw9117]

He seems like a great genuine guy, but he definitely got finessed by a recruiter. He's going to have to average $200k monthly in sales to match his previous base income. Definitely going to need to find a 2nd guaranteed income to offset that huge income loss. His roommate also got a crazy good deal only paying 1/4 of the rent.

[@eliseg0001]

Whew thank you for doing the math to see where he’d be even with his old job. terrible

[@h9845hghb]

Dude also resigned before new gig was official. Not the brightest

[@lw9117]

@Aaron S yea, he said $45k base plus 1% commission on sales. He also said that while traveling, he made $120k, so that's a huge pay cut based on empty promises from a recruiter.

[@apjapki]

THIS. Sold a dream.

[@Mac-pluto]

@@lw9117 yeah it’s actually terrible. Imagine making a company 1 million in yearly revenue and only getting 10K. I’m in tech and my sister is a recruiter for tech sales. For entry level sales with the Tech industry booming in Texas, she said his base should’ve been minimum 45K with 20K in commission or 65K OTE! Made no sense to leave his old job making 65K a year for anything less than what he is currently making

[@Outwardpd]

Hearing a 25 year old dip on a career to go into sales with so little ambition and determination in his voice and plans is a massive red flag, we definitely need this guy on a follow up episode in 6-12mo. Reminds me of all the kids that wanted to become real estate agents because of the stories about them making bank during the housing rush during the pandemic.

[@Zach_357]

Yup, there are literally more realtors then homes for sale in the US (has been this way for sometime and got way worse post COVID)… people take what they perceive as “easy money printing jobs” without understanding what it really entails or how difficult it really is to achieve the level of income they believe they are going to accomplish

[@andrew8168]

​@@Zach_357Real Estate Agents got disproportionate raises as housing prices way, way outpaced wages.

[@danielaugusto3559]

I’m 22 and a real estate agent in New Jersey it’s not easy, but if you’re determined you can make good money, I closed 8 houses last year, and four under contract now

[@WayraRose]

Agreed! I took a job at an insurance agent's office. I am not a sales person and thought it was an office job. I quit after 6 months. It was SO heavily sales-based, it gave me anxiety. Calling leads all day long with half of them being fake sucked.

[@movingtoharrisburg]

As a guy who became a realtor during the pandemic this is so true. For every 1 of us that made it there’s about 20 that failed. Not to say you shouldn’t chase your dreams but you gotta understand the hustle that comes with it.

[@adamkrasuski862]

Always interesting to see situations for 20-30 year olds. I feel like that age is so critical to setting yourself up for success in later years.

[@imhassane]

I'm 23 now and almost all my friends are around 25-30 and I actually see it happening live. I certainly don't want to be in their situations where they have no income saved, some aren't working so their retirment account won't be that great if they don't change and the worst thing I'm seeing is the loneliness they feel when they're not in couple, all of us are so busy we can't see each other as we used to 3 or 4 years ago and it makes so sad for them but seeing this makes me act more consciously everyday

[@CalebHammer]

Absolutely

[@earthstar7534]

I blame delayed adulthood. Our parents were working in a career, starting a family, buying a home and establishing roots. I'm an elder Millennial, my generation was the first generation to really be Molly coddled into our own destruction. I'm in my 40's and I had to spend my 30's basically making up for not acting like an adult and not taking responsibility for my actions. I don't see this situation changing until we change the cultural shift that created a bunch of children in adult bodies.

[@Lauren_C]

@@earthstar7534I put the blame squarely on the education system, which neglects to teach the basic rules of the financial system, that makes everything works.

[@bigbird4481]

​@@Lauren_Cyou're both right, a combination of bad parenting and bad education spot out our newer generation

[@TheRideshareHub]

1% commission seems super low. So he's gotta sell a million dollars worth of product to make $10k in commission? Is that even reasonable?

[@paulinoaz]

It could be on going commission. So you get 1% every month a customer is signed up with the program. So eventually if you have 20 or 30 companies signed up you get 1% from each of them each month.

[@sidehustlesports4036]

Next series should be Financial Tutor, screen share yourself and the individual doing some basic excel sheets or other budgeting apps to walk through how to calculate their 50/30/20 needs, wants, savings

[@shanarobinson7672]

🙌🏿🙌🏿🙌🏿. Great idea

[@andreamckenzie8598]

Agggh poor guy. The familial pressure to help even when you don't have it is real. It's great to give but he's gotta be able to put his foot down.

[@JamesOliverLindsey]

Jeez maybe as a parent helping the child... but beyond that they need to be looking out for themselves.

[@andreamckenzie8598]

@@JamesOliverLindsey It's more about children being taught that they owe their parents or their parent's families, or being taught that love involves never leaving someone to struggle without help. It puts responsibility where it doesn't belong, and can turn financially abusive often.

[@kirbywinters1291]

@@andreamckenzie8598 I struggled with that for years and so did my brother. Now that we are both older and make good money it seems to be easier for us to tell them no then when we were young and didn’t have much money or knowledge of it.

[@peakf1300]

This guy is the best guest so far. Not once did he make excuses. He was honest about wanting to show off on social media, and the confidence with which he says that he will sell the car is telling me he will be on the right path soon. Wish to hear an update from him very soon

[@turtleanton6539]

Yes🎉🎉🎉

[@saraw1359]

I hope this guys comes back and stands on his feet again

[@shannonquinnjr]

I’m proud of you Matthew. This was a courageous act. Many people wait until it’s too late to make changes in their life. Meeting with Caleb on a public platform to discuss your finances & create a plan to release you of your financial burdens will impact many people who are facing financial anxiety. I like how you address the socioeconomic pressure you face daily. Execute the plan & you will be in a better financial, mental, and physical state. Thank you. 🙏🏾

[@erikanthes954]

This guy is humble and I get the feeling he will listen, unlike other guests. Best wishes on your financial reccovery man.

[@NRashad212]

I agree he was present, hopeful and willing to change. I have the best hopes for him.

[@EyeTapTapThruAds]

I’m not hopeful for this guy😬😬😬

[@iratakeuchi3031]

@@EyeTapTapThruAds what’s your reasoning?

[@saltybrackishfresh]

He’s the only person I’ve seen so far who took accountability for their actions and actually listened

[@TheRideshareHub]

A brand new Tesla Model 3 on the website goes for $42,990. How in the world did a 2018 Model 3 sell for $46k?

[@KimKatrinCrosby]

As a financial advisor, these audits are so helpful to understand what people are facing and that so much of it is mindset. Thanks!

[@jvolstad]

What kind of financial advisor are you?

[@Fanta....]

@@jvolstad I'll tell you for 300usd

[@Dagrizzb]

A lot of it is habitual. Once you get into it, it is very hard to get out.

[@Bacchus325]

Aren't you supposed to like ... Know that already?

[@austinmaiden4663]

Hey Caleb, been binge watching ever since Graham reacted to one of your videos. Gotta say, you've lit a fire under my butt, and my girlfriend and I started taking our finances seriously at the beginning of the month. She has a good bit of CC debt and while I don't have much bad debt, I don't have an emergency fund or any kind of savings whatsoever despite making good money for the area. We aren't eating out once until we're where we need to be. Thanks for making great content!

[@CalebHammer]

That’s amazing!

[@MeanMurph]

Hell yeah man. Keep at it. I'm in a very similar situation, except my wife has student loan debt and financed a terrible deal on a dental surgery. Even though she had good credit! After binge watching Financial Audit, we have a budget and plan.

[@ADhammer]

Graham is a shill

[@BellaJoASMR]

Prayers Caleb keeps his core realness

[@o0laieta0o]

You guys got this! 💪

[@finnishline]

These videos are like the antidote to all the free-spending social media posts we see all day. Like bottle service at the club when only 1% of us have the disposable income to do that comfortably.

[@nkxseal8398]

Honestly I try to watch one of Caleb's videos a week atleast to keep my spending in check lol

[@aquila1993]

I know a guy who went $20k in debt on credit cards for BOTTLE SERVICE....... Like why in world do people need to show off and buy alcohol at 3000% of retail cost? lol

[@Fanta....]

@@aquila1993 Because they are attention horse.

[@j9keystone806]

@Annie Mouse .. and most of it is superficial junk spending.

[@turtleanton6539]

Yeh

[@lukeoffen7335]

This guy seems like a tremendous person, I really hope he gets it together!

[@adamseidel9780]

This is one of the best videos yet. He’s made just extremely stupid decisions but is right at his moment of stark realization how much trouble he’s in and how he needs help to grow up. And that goes not just for his finances, but his career as well, dumping an okay hourly job and an influencer delusion to start a career with big earning upside. Great video, good luck!

[@nkk8888]

Matthew has such good vibes, seems like a great person. Terrible money habits, but I believe he'll come out of it 🙌

[@andreslara95]

We all make mistakes but having the ability to realize you messed up and admit it is the start. Hope all goes well for him, I’ve been there.

[@bahri9785]

He seems like a really sweet person

[@davidwilks4123]

Why are people listening to this guy? He is not a licensed fiduciary, not a financial advisor doesn't have SIE, Series 7, 63, 65,66 designations , is not a CFP, or CFA. Open a managed account with Fidelity. Get real good advice.

[@ChristoherWGray]

Really Those vibes are so good? The vibe I got was a "head first" irresponsible 20 something with terrible financial habits That's a good vibe?

[@sneakerfreak2002]

I get more of a lowkey d bag vibe but hey

[@jayknepp108]

I kind of want Caleb to have some one on that really has their shit together. No bad habits, High Income, solid 401k + Backdoor Roth, Real Estate Investments, etc. I just want to see him excited for once. All this stress is hard on him

[@AspiringInterpreter]

My husband and I applied, as we are these people, but I suppose Caleb wants to use his resources to help people that are in a dire situation, which I respect. He’s doing great work and helping people who are financially illiterate!

[@Mac-pluto]

Business 101: Sell a product that resonates with a large audience. The person you just described fits the bill of maybe 10% of the population. 20% of the population striving to get there and another 70% who will likely never achieve what you just mentioned.

[@exit0394]

I wish this young man well. Seems like a really nice guy who recognizes his mistakes and wants to change his future. I think that is the first step in changing his future. I think his future will be positive

[@kathrynglenn8941]

Loving the content. Would like to see some bonus videos where you basically tutor people on how to calculate their income, debt repayment, savings etc. It seems like many of your guests have no idea how to calculate interest, convert wages between hour, monthly, or annual rates. It really mystifies me how many people have no idea how much money they actually earn.

[@laurab5849]

Rule of thumb my dad taught me years ago is if you work full time, take your hourly wage X 2 and that is about your annual income.

[@meggggg]

I feel for him! I've quit a job due to burn out and depression as well and it's such a horrible spot to be in! You think quitting is the right thing for your mental health but the stress of such a lifestyle and salary change that follows can be so much worse and sink you so much further mentally and financially 😔 I hope his sales position takes off for him and we get a happy update!!

[@THELUNEINNATE]

“I wear the same like.. 10 shirts.” Speaking of, so much potential for merch shirts. Lol. I want a “I choose math over human emotion.”

[@CalebHammer]

Lol

[@j9keystone806]

I'd buy that shirt!

[@TeKnoVKNG23]

Best advice I ever got about finances early on was that you can't help anyone else until you have taken care of yourself. Absolutely dumb to go into debt and delay your own financial gain to give money to other people who more often than not, wouldn't even consider doing the same for you if the situation was reversed. Wait until you have the expendable income before you donate/give to friends or charity. In the meantime if you want to help/give you can donate blood, clean out your closet and donate to Salvation Army, give your time to a food bank or pet shelter, etc. and get a much more meaningful experience by donating time, which is your most valuable resource. Could tell this guy was going to be a mess from the start by taking a huge pay cut with no sales/commission experience. I know sales jobs can be lucrative, but that's a lot of security to give up when you're already in a bad situation. These audits just prove time and time again how important it is to get some kind of financial education into early schooling and that parents really need to start teaching their kids better financial fundamentals. No wonder the US population is in so much credit card debt.

[@drzflyest4]

The old "put your mask on first before assisting others". They say this for a reason.

[@TeKnoVKNG23]

@@drzflyest4 Being a bit of a nerd with regards to air crash investigations, lol, I know you have to do that because you can pass out in seconds from the decompression.

[@AlexDom09]

I love when people say thank you after Caleb’s audit when he asks for final thoughts. Some just say nope and I’m like he’s literally giving you GREAT information, say thank YOU! 😂

[@TriHard612]

He has to seriously consider going back to his previous type of work. Go work on the road and work all the hours you can. Grind that for 9-12 months and then look for a sales job when you have an emergency fund and car is paid off. Will the company that just hired you be mad? Probably, but it is a startup. Sit down and explain the situation has changed. They have not overly invested you at this point and they will understand vs you leaving in 3 months.

[@terellmao]

I'm already looking forward to this guy coming back on. I think he genuinely wants to change and improve his circumstances.

[@Ari-vz5tn]

I admire the bravery folks have to come in on financial audit. Lessons can be learned from each video

[@coffeeshop8675]

he sounded really genuine about fixing his finances and selling the car. I have a lot more trust that he will get out of his financial issues compared to a lot of the other guests on financial audit.

[@luvtotwirl24]

I was procrastinating finding a high yield savings account. But after watching your videos and hearing you say how easy it is I got it all set up in literally 10 min. Thank you Caleb!!!

[@dionysus3774]

Same, set one up yesterday but the one I signed up for seems sketchy because their customer support is apparently garbage from what the reviews said.

[@luvtotwirl24]

@@dionysus3774 Good to hear you got one too! which company did you use? I’ve heard Citi and Ally bank are the best. I compared the two and chose the best that fit for me. There were definitely some less-legit looking companies out there. Definitely want to be careful who we’re trusting with our money!!

[@ot7stan207]

Im glad. I put it off for no reason at all for years, I could have had 10K in interest by now probably if I had begun years ago.

[@ot7stan207]

@@luvtotwirl24 I have both ALLY and WEALTHFRONT. always check if a bank is FDIC insured

[@ot7stan207]

@@dionysus3774 go to ALLY its not too late

[@marcellom]

Something about this dude is very charming, he's got a nice way about him. Finances are a mess, glad he's trying to get it together now.

[@sarahduncan8137]

Another great video, Caleb! Do you ever consider doing a financial audit on people that are in more stable financial situations, maybe to show viewers what TO do, in addition to what not to do? Obviously these kind of videos are more entertaining. But it could be good to teach people where good habits can take you!

[@LookingAway359]

I'd second this - would be cool to see a balance of bad and good audits.

[@drzflyest4]

The problem is most people like this don't really care to come on a dope show like this

[@SpoonHurler]

Caleb has had some people in good financial situations but they don't seem to get as much as engagement as the train wrecks. Maybe if they were marketed as different series' though

[@BeeTimesTwo]

Love his attitude….seems like a great dude. I’ve got hope he’s going places once he gets out of the debt mess 💪🏻

[@e.ramirez2657]

I’m not surprised by how fast this channel has grown - it’s one of my favorites. The advice is sage and Caleb’s reactions are hilarious 😄

[@maryclaire9656]

I’ve never clicked on a video faster!! I’m an American living in the UK and it’s soooo interesting how people here spend and view money vs. the US

[@richardroberts6472]

Who does UK financial audits for comparison?

[@bahri9785]

Yesss, I‘d love for someone to do these in Germany

[@RoseWater20]

@maryclaire9656 can you elaborate on some of the differences you’ve noticed? I’m really curious

[@bahri9785]

@@leroyj62 definetly! So thankful for our social system watching these

[@SpoonHurler]

Only think I know about the UK system that really different is the higher education pay back is weighed on how much you make with the degree and they do a better job of steering people into degrees that will give better ROI in return. It's one of the things I wish the US did more of.

[@kelseyoakes8287]

The noises of distress Caleb makes are so entertaining lol. "I will not freak out" continues to grunt and breathe heavily through nose

[@monikipogue]

I really want to see a follow up episode on this kid. I want him to win.

[@stunters44]

Leaving a 60k job for a 40k sales job with only 1% commish on a niche product is wild, hopefully he can get his old job back

[@MrTheonepeace]

OMG paying almost $50k for a used Tesla, is a rip off!

[@jaimerosas5998]

He went easy on him because he had panda in his statements 😂 jkjk

[@NaiveNectarine]

Burnout aside (which is a completely valid reason to change jobs), looking at this strictly financially, he was making $63,000 base. With a new base of $45,000 and 1% commission he needs to generate $18,000 in commission which is $1,800,000 in sales to make the same $63,000... I would be genuinely curious to see what this company is, and especially as a start up focused in ONE area I can't see him bringing in anywhere near that much. I would be happy to be wrong but I hope he has done the math on this to see if it makes sense. It is also possible he knows it will be a net decrease overall and is fine with that.

[@MrCrs9225]

Agreed. If he’s able to bring in that much doing sales, he needs to get in a more lucrative position ASAP. $2,000,000 in sales is A LOT

[@takinganewapproachpodcast2994]

He said he made 10k net so homeboy is dumb. He is just lazy n didn't realize stress is apart of manhood. No you can't chill because you end up here messed up.

[@Frogylover1998]

Love this channel. From Canada. Early-mid 20s. Got my appointment to set up my retirement and investment accounts in 3 days. Thanks Caleb!

[@TheRideshareHub]

Does anyone know why his tiktok got deleted?

[@icuyouseeme]

He deleted his instagram as well. Came here looking to find out why as well, as I wanted to follow him.

[@TheRideshareHub]

@@icuyouseeme me too!!!

[@smithj8026]

All the people from here going to his page and saying rude and hurtful things. Trolls will troll. That is my guess.

[@verdantstar2790]

The financial transparency here is huge, I keep saying it but this content is top tier.

[@mulletsquirrel]

This guy bought an 80k mile Tesla Model 3 for $46k? *Facepalm* Edit: At 20% interest?!?!? Oh man this hurts to watch :(

[@cfamick]

And he emptied out his entire savings account for the down payment!

[@rangequeen]

Wish him well! Hope he’s making great progress and comes back to show off. 🥳 Seems like a really sweet person.

[@seebuch93]

caleb sounded more and more hurt by every new thing he dug into. id be terrified to get audited i need to fix my shit so one day i can be on this show

[@Str4yshot]

Love this series. It's super entertaining and educational at the same time. I'm doing pretty well financially, but I've already learned some ways I can do better from these videos. Keep it up man!

[@jordysandoval6116]

Wow he really payed the price of a new model 3 for a used one with 80k miles on it

[@jlawz1296]

Always waiting on these financial "interrogations" (shout out to the last vid 😂). These are so incredibly entertaining.

[@sourdoughsavant22]

When I heard that guy say tha, i had to double take, I almost want Caleb to change the name of the show to this

[@nintha1]

It’s so scary how easy it is for people to just make money and feel free to do whatever. We just don’t have the education to teach people about this stuff

[@chrisvig123]

Car and trucks among younger people are absolute wealth killers….you don’t need to be driving around in a 50k or higher vehicle 😮

[@theroastbeefking]

I can't stress how grateful I am that these guests are willing to be transparent about their financial situations. This helps me so much. I am no better than anybody that has appeared on here. Okay maybe like 2 people. Lol totally kidding.

[@Hunter200012MC]

These guest aren’t doing this for free lol. Caleb flies them out and books a hotel room for them (if from out of state) and I’m very sure that Caleb pays them for their time.

[@theroastbeefking]

@@Hunter200012MC the only way I wouldn't feel as appreciative if he paid off all their debt and set up a retirement fund for them. That and if they are telling a complete lie.

[@nickz9251]

Hey Caleb I’d love to be featured on your show! I have 12k in BAD debt spent on cards and am working on getting it paid down. Would love to hear your input on my finances and how to improve paying it down the fastest way possible. Thanks.

[@matt009817]

Email him (in the description)!

[@KFrog_]

This is why we need to get Home Economics back in schools. 🤦🏽‍♀️🤦🏽‍♀️ My little rural highschool taught us everything from sewing, cooking, balancing a check book, interest rates, mortgages..... Am I great with my money? Not all the time but not as bad as these videos!! I cringed at my 2.9% car rate 6 years ago.....

[@jrs4ex]

There will be a lot of car repossessions in the next year or so. Over 20% interest on a car loan is criminal in some states.

[@scottmac-cheeserae4531]

25 and he got "burned out in the medical field"??? C'mon, how many years did he work? Endoscopy technician ain't the worst job in the world, especially at $31.50 an hour.

[@scottmac-cheeserae4531]

@Robert Stallard I get the feeling you're right.

[@23majesticblue]

I have been really enjoying your channel, you have motivated to go back to school to get a certificate for IT. So, thanks Caleb and keep up the good work!

[@trentterrill1118]

On the road to financial recovery myself, these videos have helped and motivated me so much that I started paying off my debts almost instantly. Thank you Caleb!

[@turtleanton6539]

Good🎉🎉🎉

[@SpoonHurler]

Model 3s are about 30k right now, they just got a price drop even. That will make getting more than 25k for a 2018 difficult. I know why man's burned out but if he can get some part time work (or full time) doing his old job on the side for 6-12 months it might work the pain to get all this fixed. I think he will struggle for a bit but I think he will be moving in the right direction in 6 months... biggest issue is trying to get the car off the books.

[@lupe8519]

Great video. You can see this dude really wants to change his situation. Wish him the best

[@MRkriegs]

Bros financing groceries

[@ebmm1994]

I would really like to see a follow-up on this. It seems like he has the best of intentions, just hope he follows thru

[@lmelior]

I'm really rooting for this guy! I believe him when he says he can't live that way anymore and when he says he's gonna follow your advice. If he can't get that personal loan, though, there aren't a lot of good options when it comes to dealing with the car. I also have concerns about his fit for that sales job...I'd have much preferred he stuck it out at his old job until he got some of this mess cleaned up. But what's done is done. Looking forward to the update!

[@athrunzala798]

Oof those 401k withdraw penalties are rough. Hope he gets that all setup. Since he's at a startup now I wonder if they even have 401k match yet.

[@AmazinMusicNYC]

I will be debt free Next week Friday 2/24/23 Once I pay my last amount to discover $400 😊.

[@SpoonHurler]

Congratz, great work. Next phase emergency fund. :D

[@CalebHammer]

You’ve got this!

[@AmazinMusicNYC]

Update- I’m debt free My credit score went up to 755

[@SpoonHurler]

@@AmazinMusicNYC LET'S GOOOOO!!!!! Congratulations

[@10toFIRE]

Your work reminds me so much of Peter Adeney and I love it. Math doesn't lie or rely on feelings, and these cold hard facts need to be heard by people before it's too late to recover. Peter's no hold attitude on finance helped me turn my life around and you are doing the same for others, even if it's not for the person you're talking to each ep.

[@deandalapanda]

Dam. I’m willing to bet this dude got busted on an UA at his former job which led him to move into the sales position 😮

[@vhopine3776]

Caleb, I know that you are are doing triage for people in dire circumstances, but I don't recall any mention of disability insurance in the videos I've seen. I never expected to develop a chronic, incurable condition at age 34 that would destroy my career and finances. Ironically, it was about the same time I paid off my graduate school loan. Luckily, I had disability insurance through my employer, but my income was slashed by over 65% during what should have been my prime earning years as well as access to employer matching on savings. It took a year to get my disability approved so I had four months of no income and many, many months of dramatically reduced income since my sick leave and vacation time was gone. Also, employer-paid disability proceeds are fully taxable. We never think it will happen to us, but it does and adding financial ruin to a painful, exhausting illness is devastating. I learned basic financial literacy young or never would have made it this long post-diagnosis. THANK YOU for helping so many young people develop a better understanding of budgeting.

[@Mdd092]

I watched a ton of these financial audits and Caleb has maybe 4 shirts

[@j9keystone806]

He's confident in his wardrobe and he probably DGAF to look any differently. Props to him.

[@laylow9o965]

I wanna be on this show…. I went from being 70k in debt and I weight 270 pounds to debt free and losing 100 pounds… it’s a mindset it’s not just numbers

[@beckymigdal3140]

Excellent!

[@ecPaname]

Man, I remember when you were under 25k suns and now you’re so close to 200k. Congrats on the success. I always enjoy watching these financial audits

[@Foreverppl]

I'm so addicted to this channel. Thanks a lot, Caleb... 😑

[@draggy6544]

He paid 46k for a worn down shitty smartphone on wheels wtf is wrong with people ( million mile car my ass u would be lucky to get 200k before needing a battery replacement that costs 10s of thousands of dollars )

[@mybrainspov]

@caleb I'm a fan. I watch every episode. Some critique if you want it: I wanted to respond to this video because I think this is one of your better ones. You were respectful and not over the top. Your responses were relevant and fair. Lately it seems like you think it's the angry yelling that is making you popular so you jump right into that. In my opinion these work best when you are friendly, welcoming, helpful and passionate. I discovered your channel about a month ago and instantly subscribed and it feels like things have changed in recent videos. I just wanted to give my 2 cents. Still excited about you and your channel and absolutely love your consistent position on mental health. Big fan and hope you keep getting more subscribers, get bigger and more successful, and wish you the best. Thank you for what you do!

[@stephanieb1127]

I’m 8 months ahead of my car payment with a 2.99% interest rate, about 26 months till it’s paid off totally. I am never ever refinancing 😅😅😅

[@WhathappenedWORLDpod]

Why don’t they ever talk about car insurance

[@oliviacarter1517]

Caleb your mannerisms are so funny. “Starting with nineteen cents.” *shudders* 😒

[@willb9259]

Playing RPGs helped me immensely with "resource management". I never learned how to do conventional budgeting 🤷🏿‍♂️

[@willb9259]

My RAV4 is worth more than his Tesla?!?🤯🤯

[@edgardiaz3669]

The commission doesn’t seem fair to me, for an extra $10,000 a year he would need to sell 1 million in product/services, he might as well sell insurance for that low commission pay. Unless there’s some residual income from selling Services that are billed and he is paid on each month I don’t see it being a fair deal.

[@CalebHammer]

Yeah I’m very curious what the product is

[@name-oc2df]

plenty of corporate/enterprise software is 1M+ a year subscription. one of the platforms I admin got upgraded with a new module a year ago and it added ~500k to the subscription.

[@juliasanchez9055]

I'm actually so happy to see you getting sponsors, hustle is paying off more and more. I don't even skip through the sponsor segments; I, for one, welcome our new financial empire.

[@1224jm]

Not to mention Tesla has recently lowered their price on the new Teslas which would affect the used Tesla market too

[@sarahmcdonald9624]

As someone in finance at a car dealership… this drives me absolutely crazy😫

[@h9845hghb]

No offense but ffffk f&i

[@Reindeer_jay]

But why? 🤔

[@CTembo]

was the pun intended?

[@NailsWithA.Twist1]

I’m so glad I stumbled across this page today. I need this. I never had anyone to teach my anything about money. Or credit. I didn’t even know what a debit card was til I was 17. Had no idea about taxes. I’m 33 now and have been struggling to gain financial literacy. Everyone assumes you should know but how? No one I know knows about money. It wasn’t until I met my husband that I realized how credit can affect every aspect of your life. It’s sad that this isn’t taught in school. I learned critical thinking but nothing about how to sustain myself in the real world. I’ve binged 3 episodes back to back. I NEED this! So refreshing to see. And the bluntness speaks to my soul. I feel like you’re chastising ME! I’m working on budgeting with a cash only system. The cards feel too much like free money and I get in way over my head. Restrictions on restrictions on restrictions.

[@msmagsmn]

I feel Caleb's car debt pain through my screen.

[@therealanthony4978]

I haven’t heard one excuse from this guy I’m rooting for him

[@BreakingClouds-]

When he said interest rate in the 20s i audibly yelled HOLYY SHT

[@guinea_horn]

I can't believe how fast he's putting these out. These videos are like crack

[@endi4654]

Most people assume that based on his tone he may seem like an unlikely successful salesperson but when I was a Sales Manager, those top sales people are extremely quiet and soft spoken. I'm always very surprised.

[@tvo6453]

Tele-sales is dead…nobody is going to respond…get used to people hanging up on you. another terrible decision.

[@CatsMeowPaw]

This guy does not have a voice for sales.

[@Ivan5642]

He's a bit bougie but hats off to him for publicly facing the music

[@ChristoherWGray]

Poor baby He got burned out on a $60k per year job that he supposedly had since he was in high school Sure He is insane

[@forgetitman1]

I never do this, but first. This is the earliest I’ve ever been haha. Love your stuff Caleb. Been binge watching you every day

[@CalebHammer]

❤️❤️❤️

[@Ilovetacos926]

He low key still looks and sounds faded 🤔. Not sure if I buy that he quit or he’s gonna quit right after this audit lol

[@EveryDayImJocelyn]

What an incredibly self-aware person. I want him to succeed so badly. Honestly, I do believe in him. I think he can do this. His main thing is that he's got to stop banking on "the future will work out." As a strategy, and face his decisions in the moment!

[@DannyTumia]

This guy seems like a very nice person , but that soft spoken cadence / mentality won’t do well in sells. I have to turn the volume up and down to even here him. Good luck to you sir! 🤙

[@WtfReal]

Just saying, smoking weed definitely impacts certain careers especially federal jobs

[@amygo7374]

This guy reminds me of close friends, people who “attempt” a lifestyle they cannot afford. I randomly say to a group of friends, “Y’all better not be coming out tonight if this is gonna cost you 30% in interest.” Or “Y’all let me know when you’re ready for a real conversation about money.” Or “don’t let me find out y’all ain’t contributing to your 401k because you can’t afford it.”

[@wizzyno1566]

You must be a hoot at parties.