Burning All His Money On… “Apps” | Financial Audit

▶The best budgeting program online, at the most affordable price: go.calebhammer... any questions? Email [e-mail]
▶My team and I will personally review your budget and put you on the right financial path going forward: go.calebhammer...
_______________________
▶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.c... *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.co...
-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/0...
3) Coursecareers: Get qualified for a better job and increase your income: coursecareers....
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...
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.calebhamme...
3) Merch: The most fun website: shop.calebhamm...
_______________________
▶My socials: linktr.ee/cale...
▶️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...
_______________________
▶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]

[@CalebHammer]

Fill out this survey: clickurl.ca/Caleb-Survey 4 people will win $250! We want to learn more about our audience, and we will be keeping you up to date on exciting things happening with this channel 😊 valid through Friday the 29th of this week.

[@crysmareemoney]

Instead of baby steps whaaaat are the Hammer tools for success?💚

[@TomH2681]

Hey Caleb. I was just wondering: why do you keep changing the video title right after upload? "Blowing 66% MORE Money Than He Earns" --> "Burning All His Money On... "Apps"..."

[@LaBoricuaOG]

SUBMITTED!✅️ Anything to help ya out

[@raeorion]

Caleb, you gotta go to trivia nights at the bar or something -- British Morgan Freeman impressions are going to hit way harder in person than recorded over an app 🤣💕

[@attckDog]

@@TomH2681 Very Common for youtube channels to swap titles and thumbnails to see if one is doing better than others.

[@MisterNightfish]

Every time he says "listen..." to justify a bad decision, put 5$ in your emergency fund.

[@jerrystauffer2351]

I did this and became a millionaire

[@G3mini33]

😂 yes!!!

[@NewAdventuresOfUs]

Hammer Saving Game. We will all retire as multimillionaires!

[@dirtyrottencromag]

I did this and I just retired

[@adamseidel9780]

“Listen… here’s what I tell myself to obsfucate that I just spent it all”

[@natalieveiga6581]

I always hear Caleb say that he is struggling with his health/fitness/eating habits. Look man, I'm a strength & physique coach/personal trainer who coaches people both online and in-person. I'll literally take you on as a client for free. Just as a thank you for all the help your channel has given me and everyone you've had on/everyone watching. My boyfriend showed me your channel and I immediately binged it, and thanks to you and other shows you've recommended, you've completely turned my boyfriend and I's financial goals and financial planning around and given us a direction, and whenever I read your comments I can see you doing the same for other people. Training/health/fitness is something I've had down for like 14 years now, so I'm happy to help you out with that as a thank-you, if you need it.

[@FraYooo]

Get this to the top

[@chesh1rek1tten]

Honorable thinking about paying back like that.. but he can afford you 😂 Let him pay

[@chriswoods7641]

I did my job and hit the thumbs up

[@BaileyMxX]

​@@chesh1rek1tten that defies the point of the gesture. He's helped her and she wants to offer the same back to him? It's not hard to comprehend.

[@BluntBlowinn]

@@chesh1rek1ttenhe can pay w promo. viewers will notice him getting in shape and ask how, he can then recommend the trainer.

[@Majella-1995]

About the importance of an emergency fund: I just wanna leave here how having one saved us yesterday. So my partner didn’t get his salary on Monday, and yesterday he was called in for an emergency meeting. In short: his workplace is bankrupt as of yesterday. He will get all the money he is owed eventually, but you know how that goes.. it can take weeks/months. In comes the emergency fund, so we can easily pay our bills and daily expenses without having to worry, and the minute the money that he’s owed comes in it goes right back into the emergency fund. Also has two possible new jobs lined up so it will all be fine. Can’t tell you enough how good it feels to have zero stress about this situation. Just put aside that emergency fund people.

[@airybrook]

We need to see things like this in an audit.

[@elizabethallen4353]

He can’t give a straight answer to a question.

[@hannahselin2811]

Agreed! Having even a small emergency fund has helped us when we were traveling and our car needed a repair before we could drive home. When my pet bird got sick an it cost $700 to save him. And many other times in between. We used to only ever put this stuff on credit cards. Can't over emphasize the important of an emergency fund, even if it isn't the full 6 months yet

[@dingleburgerson6499]

⁠@@hannahselin2811pet bird. $700.

[@Majella-1995]

@@kodiaxx8307 I’m actually not in the US but in Europe, Netherlands to be precise! Everyone here has employee insurance for situations like this. So it won’t be paid from the employer but from an insurance company. It just takes time😂.

[@Coolbeanzies124]

This has become a personal therapy session channel, not a financial advice one. Caleb is the friend we all need.

[@jmb9701]

Poor finances exacerbate mental heath, alot of people spend in an attempt to climb out which spirals further. That's one of the major issues you see on every episode alongside poor financial role models.

[@stickmanbrains]

I'm not a fan of the recent therapy side of things. These guests keep coming in like they're the victims of something outside of their control but more often than not it's their lack of self control. They're just making excuses because they want to do things that feel good NOW not later. Like his this guy said he was lonely, bro you're just horny get over it. Stop trying to date, stop trying to simp because if you can't at the very least get out of this crippling debt there aren't any good women who will want you. Get yourself straight first and stop worrying about women.

[@iosgaming2824]

@@stickmanbrainsI feel like more often then not guests like that haven’t made excuses. I don’t mind that Caleb gives them a shoulder too because it would be pretty douchey to just gloss over their mental health and be like this is where your messing up finance wise, this is what you need to do to become financially stable, I don’t care about your mental health, just get it done in a timely manner or I’ll be disappointed

[@joe241able]

lol we really dont know him

[@nathalieli7617]

Mental health is a key component to financial literacy

[@TidalsWave]

Can you bring back the debt counter in the lower right hand corner? It gets a little hard to keep track! (A minimum monthly payment counter would be awesome too!)

[@user-zc6ug3qh3z]

This!

[@imapc95]

lol so true! I didn’t realize it was even gone but it was fun!

[@kyliecallaway5273]

Yes! And verbally say what the total is!

[@Djcherrii]

Yes!

[@zahkarii7933]

At 16:24 it popped up rq

[@Natethegreat8945]

Sold my car today, bought a beater instead. Bought a house a few months ago, saved a 40k emergency fund, and I will be debt free come this February (outside a mortgage). This channel has turned my life around over the past 6 months. Thanks Caleb!

[@joycef8443]

Wow!

[@ladycountdown]

Chris Fix(?) on you tube has great diy car repair demos 😀

[@goynwa7110]

You can lie to everyone you want but at the end of the day you’re lying to yourself

[@Mac-pluto]

@@goynwa7110 lol what?? Seek help buddy

[@AlanaBertozzi]

Wow!!!!!!! Thats awesome

[@user-ly3ik9oj5k]

I have nothing to contribute to the comments section, just here for the algorithm.

[@Jarod3926]

Engagement. Nice.

[@bsinga3155]

Same

[@kyotodreams3306]

@@bsinga3155same

[@Oldmanfnaf]

Good

[@thehoteldeveloper]

So many bots.....

[@jasoncooper3924]

You can see by the way this guy talks and dances around Caleb’s questions that he carries a lot of shame. I feel for him. If he can get out of this situation his outlook on life and himself will surely improve. Good luck to you buddy!

[@adamseidel9780]

He should. Shame for bad behavior is good. Shame tells you not to do the stupid thing you did before. If you do a bunch of stupid stuff and feel no shame and justify yourself endlessly you won’t change. I don’t agree he’s evasive because he’s ashamed, I think he’s just a bs’er, but if he’s genuinely ashamed that’s better for his future.

[@kaitlinjohn3625]

There could be a game built around points for people not answering the question "So how long have you been doing this" "Well you see when I was 12 I saw a grasshopper across the railway tracks and so then I-" "No dude like give me a number" "Ok but like then the train came and so i-" "A number dude, how long!?" "Oh, 5 years."

[@stephanienkurtz]

@@adamseidel9780Shame is demonstrably not an effective motivator. People who succeed rarely do it from a place of shame.

[@Daniel.Walker]

@@adamseidel9780would be easy if you were right; but you’re not! Shame doesn’t lead to effective long term change. Tough love, yes. Shame, no.

[@adrian-ck7bi]

​@@stephanienkurtztell that to asian parents 💀

[@Aloof_Buddha]

Your passion and emotional investment into every one of these guests really makes these audits worth watching. Thank you Mr. Hammer!

[@CalebHammer]

Thank you 😊

[@kaitlinjohn3625]

​@@CalebHammerI don't know if it's possible but Your comment section has attracted some scambots - I know they are inevitable but it's extra terrible to see them on these videos as some of the viewers are probably financially stressed and extra susceptible to those scams. If there's any way to limit them/delete them from your side it would be good (though as I said, I don't know if that's even possible)

[@dominickbadial5980]

As someone who has dealt with extreme loneliness I understand where he’s coming from but spending money on OF is definitely not going to help.

[@laszlobauer5274]

It's hard to pause your life for 1-2 years to pay off your mistakes. It's worth it but it's harder than some people expect.

[@RoamingwithJasmina]

Those OF expenses had me giggling, credit card statements are such intimate matters 🤭

[@glocho2198]

💀💀

[@chavezunseen]

Cc bill haha

[@AJ-ew7kr]

LMFAOOO Caleb was kicking that man while he was down 😭

[@primepossum6997]

Bro absolutely wild to be in debt paying for OF the PH is 100% free, absolutely wild 😭😭😭

[@quadgod77]

That is one of the big reasons why he’s not having any luck dating. Man is down tremendously

[@IanRahwan]

The courage of this guy to publically disclose his finances after coming out of a personally difficult time is inspiring. Keep going bro

[@robertomaneclang3271]

This channel always makes me realize that even with a high income household, Debt and credit card would Always drag you down if you’re not disciplined!!

[@iamcleaver6854]

Why do Americans constantly use credit cards? I am personally terrified of the and would never use one unless it is an absolute emergency. Use debit cards!!!

[@VioletIsBulletproof]

​@iamcleaver6854 if ur not a dumbass cc are awesome. Ive literally been curious how long it can take to get 1k Rainy Day Fund by using only my credit card to fund it. In half a year i got almost 300 bux. If u can put all ur expenses on it each month and pay it off, its gold. If u have no self control, close all CC and piss off. 😂

[@FableCountry]

​@@iamcleaver6854but debit cards are so much easier to hack. And MUCH harder to get money back from said hacks. But credit cards aren't hard. My limit is $20k on several cards but I spend like $1.2k to $1.5k total and pay it all off each month with autopay. Only missed 1 payment ever and that was on my mastercard that I forgot to set autopay on, 16 years ago. Anyway, don't go crazy on them. To be fair, I did live off my credit cards until I found my first tech job. It was bad. But back in 2019, I worked aggressively to pay off the $15k myself in a few months. I get it. It was scary for awhile. Debt-free now!

[@Lucabran9093]

@@iamcleaver6854if you’re financially responsible, credit cards are pretty great. Just pay them off and schedule your payment through the apps,

[@OffRoadQC]

@@iamcleaver6854 Why? You are terrified with them because you are impulsive and can't control yourself. I see them as a deffered debit card. I have a couple of them, never paid interest in over 25 years, get 1.5-2% cash back on all my purchases, get plus one year warranty on all my purchases (not a scam, actually got refunded over 2000$ of stuff on extended warranty), get "free" travel insurance, deals on car rentals and insurance, etc. Why are we using them? Because we can. Obviously.... you can't. But don't tell me to use debit cards and leave money on the table.

[@pixiegirl131415]

MDD is Major Depressive Disorder. It requires professional help and (almost always) medication to treat. It is paralyzing and isolating. I’m very proud of him for recognizing that he needed help and am very hopeful for his future.

[@alephnaught8343]

he didn't have to say that he had MDD, his arm gave it away.

[@MrAustin575]

@@alephnaught8343tattoos?

[@basilman121]

MDD recovered here. Was extremely difficult. Once I got into a better mindset after mess for 2.5 years, I weaned off of them. Once I understood these drugs have no long term study (exceeding 1 year, there are ZERO, NONE), I got off SSRIs quickly. Helped reduce brain fog after 3 months of non-use. I hope everyone can beat MDD and get to a healthy place.

[@DelgutCyber]

What people don't realize about a budget is that it allows you to spend it on "fun wants" without worrying about where your money is going at the same time. It gives you the permissions you need without losing sleep over whether that taquito will set you back.

[@zariaeda007]

It's hard to get people over the mentality of wanting to spend it all on fun though. I know people who want to spend every cent they have left over after paying all their bills.

[@daltonbrasier5491]

I don't think this guy is losing sleep over his spending.

[@samanthagwynne]

​@zariaeda007 the worst is people who don't even want to pay for their bills and spend their money on fun.. it's a lot easier to ask someone else to pay for your need than the wants you spent your money on instead.

[@chriscresswellcomposer]

Its also made me appreciate the fun wants more.

[@jessethejames]

Genuine question here: what percentage do you think is ideal to allocate for fun? I tend to lean the other way, allocating 0% for fun - which makes me feel guilty for buying toys for my dog, coffee and thrifting. I'm glad you commented this because I didn't realize how not setting a specific budget for 'fun' is making things harder mentally.

[@LuckiestManAlive]

Is it just me, or does being called out for paying for OF one of the most embarrassing things to happen to men on this show?

[@kfitz192]

I think he had far more embarrassing moments than OF.

[@HereForFun98]

Idk not really… I get second hand embarrassment when people try justify their BS. They can always ask for stuff to be edited out. Maybe he wanted to be 100% transparent.

[@lunaimbrium6430]

There's also being called a jizz boi 😂

[@MJB4646]

Glad he called this guy out. Not to embarrass him but the same type of tough love he gives to people who suffer from drug addictions because it’s the same type of problem. Paying real money to ruin your mental health is just terrible

[@NewscasterNews4]

Any man who pays for OF should be publicly embarrassed. Especially doing so while you’re in debt

[@Rudy1150]

The # of people who are more worried about their credit card score vs the interest they are racking up is astonishing.

[@JK-mh8ol]

People need to learn that it's OK to be alone. Society indoctrinated us at such a young age that if you don't have a significant other that you are failing in life. It's crazy

[@Judep4237]

The Disney-fication of love

[@potato1084]

It entirely depends on the person. Some people really do struggle being single while others prefer it. It has nothing to do with societal indoctrination it’s personal preference.

[@potato1084]

@@Judep4237This term is heavily overused. It doesn’t make sense in this context.

[@justabunneh6490]

His desperation is only shooting himself in the foot. You're right.

[@KC-kp4vh]

@@potato1084I prefer it, and now at 27, I have girl friends that so stoked to see me- versus the one night stands that I haven’t seen since. Happy fella nowadays!

[@declouxa]

This guy has serious BALLS to come forward and talk about his life the way he did ! if your reading this, cudos to you bro ! You are going to make it, stay focused and keep watching Calebs videos ! Build a plan in a notebook, and manifest it every day ! It will come, and your mood will lift with financial freedom ! Try to stay on track with those monthly little bills - they all add up. Its okay to treat yourself to nice snacks, good food and a good life. But just build that plan and stick to it ! Times are tough and we all need education ( thank caleb )

[@Distantdistress]

​@@gregutz4284ignorance to be put in the situation balls to actually be honest and talk about it all publicly. Listen more judge less and more opportunities open for you.

[@adamsteele6148]

@@gregutz4284 stupid balls? :D

[@jaqueitch]

This dude has no plans. He's buying crap to satisfy an itch he can't scratch. Not a good sign. Mentally weak dude. He needs a reason to change. He's not even close to figuring things out. Not even close.

[@terricox3559]

​@@gregutz4284bit harsh

[@adamseidel9780]

Not if he keeps spending nonstop he isn’t.

[@cyndifalk]

This poor kid - I'm so glad that Caleb addresses the mental health aspect. Rooting for him and hoping things turn around for him - You can do it Mikey!!

[@GeightD]

He's nearly 30.

[@jaredbeckwith]

Loneliness is tough, I feel bad for him spending all the money on these apps.

[@pinkyblessed2218]

Yes! I wish I had counted how many times this guest said those words! It’s his REAL problem. It’s a lot of people’s problem. Social media exacerbates the idea that everyone is coupled, but the reality is social media keeps us single. Volunteer, go to the gym, go for a walk, go to church, go to a meeting for OE, but get outside your 4 walls. Meet people. Watch videos about relationship building skills & try them out.

[@missmia196]

Yes His true epidemic is loneliness, not spending!

[@justabunneh6490]

Yup. Throwing cash at these companies isn't going ot make women fall in love with you.

[@imallaroundtheworld]

​@@pinkyblessed2218OE?

[@sharonoddlyenough]

Those companies are not incentivised to find matches and lose repeat customers.

[@Justanotherguy245]

I think the biggest thing to take away from these recent episodes is the direct correlation between mental health and financial health.

[@shavenyak1]

This cannot be stressed enough. You see it with most addictions. Spending is an addiction and spenders do it to get a little burst of happiness... that quickly fades after receiving the item... until the next one... and the next one.

[@SixteenTonesStudio]

If you consider Maslow's Heirarchy of Needs, financial planning is further up into self-actualization, but without it, it becomes harder to meet the more essential needs like food, shelter, physical security etc. So it can become a struggle to dig yourself out of a hole when it feels like everything is going against you. One thing I think everyone should realize, we can't do it on our own. We have to help pull each other up, and we will all improve if we do.

[@noahbarnhartandit2365]

​@@SixteenTonesStudio Beautifully said... 'A raising tides raises all ships.'

[@Bigsteve0299]

The peace of mind of having an emergency fund is exceptional. One day I think enough people will want to fix their finances that we will change the statistic of broke Americans.

[@Aus10c]

Tattoo “30%” on your arm 🤣 Caleb is getting good with these roasts haha

[@SecretAgent440]

This episode made me particularly emotional especially at the end. For someone who is hopeless and doesn’t see the point in life anymore, it’s obvious their finances would be in shambles. It feels like there is no future, so why even have the extra money? I empathize with him a lot and I really hope he gets his finances together and lives a life full of hope.

[@ozmond]

Lol ok buddy

[@SecretAgent440]

@@ozmond ??

[@iflessthan3]

I finished paying off my car 2 days ago, on my 25th birthday, and began my debt free life. I’m sure I didn’t do it exactly as Caleb would have wanted; I saved up quite a big chunk of change for some months instead of making more than the minimum monthly payment and then paid it off all at once. So I probably lost a couple hundred dollars in interest during that time. But that’s just how I wanted to do it. And it was the best birthday gift I’ve ever given myself!

[@missmia196]

Happy Birthday! That's awesome! 🎉

[@adxmnt1926]

Maybe not the most cost-effective way to do it, but at least you got out of it. Congrats!

[@EuroEnthusiast1990]

Good now go to college and get into more debt lol

[@Nomelley]

2 days ago was my 33rd birthday and I paid off my car too! It was my last debt so I am debt free! It was such an elating feeling 😊😊

[@barbienostrant11]

Happy Wednesday! Thank you as always to the guest for being on and sharing your situation with us!

[@CalebHammer]

Happy Wednesday!

[@cathyanderson3494]

Every time I go to open my Amazon app I think “Not having an emergency fund IS an emergency.” And I close the app 😅

[@simplystar6601]

This dude is BRAVe as F@#%! I truly pray that he gets out of debt and finds joy and peace 💕

[@countryrat6t6]

A company that lets you go the same day you put in your 2 weeks notice is not a great company. Just saying. Maybe the people he worked with directly were great, but the higher ups certainly were not great. That being said... congrats to him for making so many big, positive life changes! He's really out there doing the hard work. Hate that he got himself into so much debt while doing part of it, but I think he's got this! Gonna come out glowing on the other end of it all!

[@devinlauderdale9635]

Sometimes in technology they have security policies that require you get walked out the same day you put in notice, to prevent placing backdoors/data exfiltration/etc. But most of the time they still pay you for the two weeks as a courtesy.

[@chesspwn7457]

@@devinlauderdale9635 A lot of states they are required to pay you for the time you notified if they let you off early.

[@mindlessscrolling9951]

Or you're not a great worker

[@blingman78]

​@devinlauderdale9635 If you give notice, they don't have to keep you or pay you for 2 weeks. The 2 weeks is your courtesy to the company, but if they don't need it, they'll just walk you out the day you give notice.

[@HereForFun98]

Depends on your role and industry. In sales, it can be quite common because of the way deals are handled and information that is sensitive.

[@zhugeliange5816]

Emergency fund is so important. I started one beginning this year and was laid off in July. Good thing I had a fully funded emergency fund by then. Thanks Caleb! That was close.

[@henryhace]

As a collector of sports cards I totally get where the guy is coming from on the coin collection talking about how it still has value because it is silver. Collectors gotta get out of that mindset because they are never going to sell the collection.

[@noahbarnhartandit2365]

Or, worst case (aka, Boogie2988), you eventually DO end up selling your collection as a last-resort, and end up getting a fraction of what you'd hope it was worth. On top of losing any sentimental value.

[@benjaminhough8804]

“I took out the loan so I had to spend the money, I couldn’t have it sitting in the bank.” Please stand by while I pick my jaw off the floor…

[@kayleemoore5819]

I've never seen someone try and justify their spending so hard. Really hope he can change his mindset and stop trying to transfer his debt away

[@JWEATHERSBY]

This one is special to me because Mikey is like looking back through a portal in time as far as his background goes. I've been watching Caleb since maybe the fourth or fifth month of his channel & I think you're the first KCMO person on here! Mikey, if you see this: I'm from Kansas City, MO (born and raised - moved away at 27). I went to UMKC. I'm a Tableau Developer (but I've been doing that since 2010 & have spanned that into a career from KC, to the East Coast, to the West Coast helping companies start from square one & leading into consulting -- it's a lucrative skill set to have, sir). I also used to collect watches and coins - LOL!! On the not so light note, I've wrestled with student loans - like many - and dealt with my share of credit card and car debt. I say all of that to say you're young, and like Caleb said - you've shown that you can tighten things up and do what you need to do (through the weight loss -- congrats on that, man). You have the time and personality traits necessary to fix this (not to mention, your job choice should make this financially feasible for you). From a guy who's walked a startlingly similar path to you, based on some of the stuff you've shared on the show, "You've got this!". You're early on in things, but so long as you own responsibility for where you are and where you want to get to -- you can follow-through on the decisions you need to make for a better life. Rooting for you as a fellow Tableau Dev from KCMO. Don't know if there's a way to connect professionally (LinkedIn or something), but if so - happy to, sir. Might bump into you at a conference in the future - who knows?

[@logginginvids]

Losing 60 pounds is no joke, way to go!

[@CalebHammer]

Absolutely

[@billdestroyerofworlds]

This guy seems like the kind of guy who has trouble coming up with his own plans that make sense but when given the right counseling and pointed in the right direction, he will excel. You can already see from talking to Caleb that he's taking all this in and gears are starting to turn.

[@firefly9838]

I'm that guy too. I got no Caleb tho.

[@Maewtt]

"Why don't you tattoo 30% on your skin! That'll remind you how bad the debt is!" I love your roasts

[@mybdayis420]

it would be cool to see if Caleb could manage to stick to one of the tighter budgets he makes for his guests for a month

[@richardwilson1937]

I mean, the fact that he was broke and in debt with a terrible car lease and got out of it before this channel even started is good enough evidence that he can.

[@JulietheFoodie]

I’m sure he could, but I think it would be good content to see

[@BladerMario]

lol it might be hard with his house and all but with food, subscriptions, fun maybe we could do something in the community where we all participate for a month even if we aren’t in a bad situation. Like sober October but for money lol

[@TH0KH]

Could be the reward for a million subs or something

[@chesspwn7457]

The mindset is crazy, "I took out a loan so I had money and I didn't really need it all so instead of returning it so I had less debt, I decided to blow through it cause there's no point in having a loan that you don't spend." Like I'm glad he's turning his life around now. But it just is so crazy that that view is the default for many Americans.

[@georginarios8805]

I know this doesn’t matter for him at this point. But if your employer lets you go earlier than 2 weeks, I highly suggest reaching out to your new employer and asking them if you can start immediately. Most of the time they will say yes.

[@soka227]

i just wanted to say big upps to the dude opening up at the end about his depression. takes guts to be vulnerable infront of a lot of people!

[@soka227]

and shout out caleb for being an active listener aswell.

[@beefy45]

Fellas, stay off of onlyfans, these girls don’t care about you. Onlyfans wont make you any-less lonely.

[@silverplug]

Dudes know that, though.

[@manic2754]

Agreed Depression is NOT being sad.. It's a completely different animal. Plus Imho you are never cured of it.. you learn to deal and live with it. Well done for finding a way.

[@kenziematters8128]

Thanks for your consistency, Caleb! Hope everyone has a good rest of their week.

[@missyhoops305]

My Mom has always made terrible financial decisions. Since she has gotten older, I've been helping her save up an emergency fund. Thankfully, I did because she needs a new roof and she actually had the money to get it taken care of. It's all gone though, but at least she had it. Time to start over!

[@joycef8443]

Good dtr!

[@diegeticfridge9167]

Bumble, Tinder, Only fans, the trilogy of the mentally ill man who just needs a hug.

[@Distantdistress]

Felt this lol

[@tirdkat6104]

All that cashapp could be going to women...

[@Distantdistress]

@@tirdkat6104 unhingeddddd 🤣

[@annieway35]

@@tirdkat6104 That's exactly what I thought too.

[@diegeticfridge9167]

@@Ryan-wx1bisame thing imo

[@fredko4293]

The Education System in the United States is severely underfunded for a reason. People really don’t understand how the lack of financial literacy can be generational, in this society centered around consumerism. This channel has built such a great community to learn from, truly grateful I found my way here. Take care everyone

[@RupertMDoc]

Are US Schools underfunded? I looked at Austin (where Caleb films), and the education budget is near $2 billion. For one city, and not even that big of a city. I am sure you can find this school or this county that can't afford enough teachers, but a lot of money is being spent on education in this country.

[@somethingawesome1462]

That could be true. But even if they did, most of my HS classmates wouldn’t have paid attention anyway. Our generation has the greatest resource ever (the internet). If someone wanted to learn, they could

[@fredko4293]

@@RupertMDoc The Majority of America isn’t Austin. You’re right there are other/better options, but they price out most of the middle-low income families. I’m mostly referring to public education. Almost 2/3 of us public schools are underfunded so they have less resources to educate our nation’s future. Ofc it varies from state to local levels but in my opinion they aren’t funded enough, while we spend 10x as much on the military each year or bail out companies with 100s of billions of our tax dollars for dealing bad business.

[@fredko4293]

@@somethingawesome1462 Hey I agree at the end of the day it comes down to the individual. But environment plays a great factor in development. I believe the richest country on earth should do more to educate its future generations properly like other countries, not just the bare minimum like so many have experienced.

[@laurapeterson12]

"MAY 18, 2023 - Nationally, public school spending per student experienced the largest fiscal year-to-year increase since 2008, up 6.3% to $14,347, according to new data from the 2021 Annual Survey of School System Finances released today by the U.S. Census Bureau. This spending is up from $13,501 in FY 2020. Public school spending per pupil in the 50 states and the District of Columbia also increased for the 10th year in a row in fiscal year 2021. Elementary and secondary education revenue from all sources in FY 2021 totaled $810.0 billion, up 5.0% from the prior fiscal year. The Annual Survey of School System Finances provides data about public school spending - including per student (pre-K to grade 12) expenditures - debt and assets (cash and security holdings) for all states and the District of Columbia. Statistics are not adjusted for cost-of-living differences between geographic areas. Other highlights: The states that spent the most per pupil in FY 2021 were New York ($26,571); the District of Columbia ($24,535), which comprises a single urban district; Vermont ($23,586); Connecticut ($22,769); and New Jersey ($22,160). Those spending the least per pupil were Idaho ($9,053), Utah ($9,095), Arizona ($9,611), Mississippi ($10,170) and Florida ($10,401). Seven of the nine states in the Northeast region (Connecticut, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island and Vermont) were ranked among the top 10 in spending per pupil in FY 2021. Pennsylvania ranked 12th and Maine was ranked 13th. Of the 20 states with the lowest per pupil spending, 17 (Alabama, Arkansas, Arizona, Colorado, Florida, Georgia, Idaho, Kentucky, Mississippi, North Carolina, New Mexico, Nevada, Oklahoma, South Carolina, Tennessee, Texas and Utah) were in the South or West regions. The remaining three were Missouri, South Dakota and Indiana. Of the 100 largest school systems by enrollment, the districts with the highest spending per pupil in FY 2021 were Boston City Schools in Massachusetts ($31,397), New York City School District in New York ($29,931), Washington Schools in District of Columbia ($24,535), Atlanta School District in Georgia ($18,492), Chicago School District in Illinois ($18,216), and Los Angeles Unified in California ($18,179)" I do agree that we should not be bailing out companies and shouldn't be funding the war machine...however, IMO, government run schools receive enough money but spend it poorly - maybe they should be evaluated by Caleb....

[@tylersanders2388]

Tableau dev is a hyper specialized position. It’s basically a role that can only exist at an enterprise data analytics team

[@eliseg0001]

Second this - only my company’s DA team is using tableau to build dashboards and the rest of us just read them so we don’t need any specialized knowledge

[@AliciaMcIntire]

Yeah, but Tableau is SQL based, so he probably knows enough to get jobs related to that

[@valeriemcilvaine8235]

Yep, I’m part of an insurance analytics team and we have one tableau-only analyst who makes all the dashboards for people across the enterprise for our department!

[@labrigful]

Amazon uses it too

[@jvolstad]

COBOL 4Ever! Legacy skills are still in demand.

[@lyndeehale947]

caleb calling this man out for a porn addiction is king shit

[@LittleTimmyO]

I feel like his ‘unknown’ withdrawals from ATM’s are for prostitution

[@Merter407]

Bro, you're 100% worth sticking around for. Keep up the good work on the health and focus on the budget and great things will come your way.

[@Wandermilo]

Thank you for your content Caleb, I discovered you this month and have been binge watching. Your videos have helped me tremendously rethink everything I spend and navigate the world of fiancé. After losing my only child I drained my 401K and large savings incurred debt from his funeral and emotional spending because life didn’t have meaning and planned to i alive and severely depressed and now with therapy, your videos I can get my life back on track..not just myself but out of his memory as well. So thank you for your content. Sincerely.

[@austenanderson6862]

That is such a devastating loss and I am so happy you are still with us ❤️❤️

[@CalebHammer]

And thank you for your support!

[@An-ng7fd]

Sorry for your loss. Sending hugs ❤

[@matthewsawczyn6592]

You will LOVE a emergency fund in that moment when a car part randomly breaks, but you can actually afford to go to the mechanic no problem

[@maddyG7414]

Thank you Caleb. I’ve been a complete ass with my money. I got a very well paid job at 19 and I had no impulse control, basically indulged every urge to spend money. I’ve got credit card debt which I paid off…and then accumulated again. This time I’m not playing around. Your videos have helped so much.

[@kamoroso94]

Good luck, sounds like you're getting on the right track!

[@TheHTMLCode]

I’m in a similar position and it’s been even harder since my gf and I had our first baby last year, childcare costs and an extra mouth to feed really eats into the amount I’m able to clear off any cards each month. Currently have about 4k to clear, but as with you I’ve made so many spending adjustments since watching these videos. Keep at it, you’ll get there!

[@sarahplatte366]

"Trying to survive the day" is so relatable. I went through a rough mental health struggle and racked up my CC. You can hear in his voice he is working to improve his situation

[@loganbenson3266]

If you’re paid biweekly you really have to budget according to your standard 2-paycheck months. Then treat those beautiful 3-paycheck months as a bonus and chuck that third paycheck at whatever savings/debt/big purchase you need.

[@zulynava4059]

Exactly. I don’t know why he “averaged “ the monthly payments when it’s not the real amount. Budget what you really take home on a monthly basis and the rest is extra.

[@joycef8443]

Just watch the extra week of groceries!

[@TH0KH]

​@@joycef8443groceries, gas, entertainment, and a lot of people have biweekly mortgages and rents. My 3 pay month budgets are barely different, just a little more left over after each paycheque, not a full extra paycheque at the end

[@naruto07ism]

Howdy Caleb, I wanted to say that I started watching your videos a few weeks back. I'm 23 with no debt, no car payments or student loans- but I also have no emergency fund. When you said not having an emergency fund is an emergency, I kinda panicked. I have made a budget based on your video 'She'd Rather Eat Out Than Get out of Debt' and I'm starting it this upcoming month. I'll be back in 6 months to tell you how things are going! Thanks for producing educational and engaging content! 🙏🏾

[@obliterate7799]

6 months later…

[@kwabenaamanfoh6675]

Like Dave says “Debt is 80% behavior and 20% head knowledge”.

[@NoName66426]

Dude spending money on only fans. Yikesss cmon on fellas CMON FELLAS!!!

[@rji5377]

You know something just hit me... you know how we always hear that most Americans are living paycheck to paycheck? After watching Caleb for so long Im just realizing its mostly our own fault

[@Username0467]

Really depends on your location, income (to some degree), dependents, and support.

[@benjaminhough8804]

Yes…watching Dave Ramsey/other finance people really shows you it’s not about income (always helps), but about planning and being wise with the income you have.

[@Lextriplef]

Yes that’s a reason but record breaking inflation could have something to do with it as well

[@MtnDewWarrior]

95% of the time it's the person's fault. Poor is a state of mind. Just like being fat, everyone can not be fat. A extremely small minority have health conditions that could make it hard. However it makes it harder, and the person sconces not to try harder

[@chesspwn7457]

Yup, the mindset is "I gotta spend all my paycheck" and thus you're living paycheck to paycheck. Rather than needing all your paycheck to cover basic needs. Well it sometimes gets there when you have tons of debt after years of living this way.

[@roywarnerfilms]

if he doesn't know Tableau he's definitely not going to know ETL. I love technical people's approach to describing their job :D

[@dearestdarling9467]

“You can’t kick a man while he’s down” 😂😂😂 I LOL’d at that whole bit. Funny guest

[@heatherphillips2715]

Mike is totally going to do this in 1 year and 3 mos 🤙🏾 he’s smart and he wants to make his life better🎉 Right on Mike ! You can do it amigooooo🎉

[@tayumapower]

''I was in a dark place'' What kind of dark place, what happened ? ''Uuuuh I uuuh I was uuuh....yknow...it's tough..uuuh.... my back was a gainst the wall...uuuh''

[@GearheadDaily]

I'm a watch guy, Invicta watches are basically worthless after you buy them sad to say.

[@ImDavidJames]

OF subs and loads of random cashapp and venmo transactions….. no guesses for where that money went

[@kimberbell4238]

Sadly I think some people consolidate loans so they lower their payments which allows them to have other open lines of credit to be able to continue living the same way as they have been until they get a raise, then they can accrue more monthly minimums! Cra cra!!😱

[@Moosekeys]

Lou from unbox therapy really falling on hard times.

[@JP-ji6of]

Lmaoooooo

[@OffRoadQC]

Rooting for you dude. I thought you were looking for every excuses at one point but eventually I started to see a possible light at the end of that tunnel. I've been battling with anxiety and depression for 25 years, 10 of those were very dark... and I only kinda understood the mechanic of it in my late 30s unfortunately (now in my early 50s). You're still young dude, you got this. Looking forward to the follow up episode in a few months.

[@danielbaldwin1719]

I’m also noticing that most people in debt are obsessed with their credit score. It’s sad that what little financial education we have in America is focused on whether your credit score is “good.”

[@JimNoname-mf8jm]

Really liked Mikey using his platform at the end to try to help other folks out of non-financial holes. You’ve always got something to give.

[@rachstraveling]

My favorite moment of the day!! Can't wait to cook dinner (European lol) and binge

[@aase89]

I cook first, then watch as I’m eating dinner.

[@rachstraveling]

@@aase89 sometimes I do that too!! Sometimes when I’m lucky I can cook AND eat in one episode

[@lorenet.2182]

I really think there should be an amount for fun. In the long run people would be more likely to succeed. It’s overwhelming to think of having no social life for a year- or more. In this case I think he needs a fun money fund of $50 a month. This is probably as important as toilet paper. It might extend things a month but he’s more likely to succeed. If he’s isolated it won’t help the depression.

[@l.a.8709]

MDD is the abbreviation for Major Depressive Disorder. I am so happy to continue to see people open to sharing their experiences with mental health. We all have struggles at some point.

[@attackonghouls583]

Sometimes listening to these people sink into denial and excuses gets so depressing. Also just a tip, if you're taking out loans but also paying money monthly to OF -- embrace loneliness because that's a huge red flag and bumble isn't gonna help you. No one would date someone who's in debt but paying for porn.

[@chesh1rek1tten]

Honestly someone paying for porn isn't really worrying imo. Seems more respectful to the creator than consuming for free. The desperation is more of a red flag imo

[@drew8235]

I just went in to get my car a small fix and turned out it needed some other stuff that ended up being over $1k. It feels so good to have an emergency fund for stuff like that. I love not living paycheck to paycheck anymore. =)

[@acs5928]

When Caleb asks ''CCBILL, what is that" and the guy says he doesnt know......he knew.....CCBILL is for a subscription to a porn site.

[@nathanstevenson5209]

I want to say this dude seems a lot more realistic in energy and admitting he has problems. Many people who come on Caleb's audit here almost act like it's not a big deal. This dude feels his pain, his loneliness, his addictions, and expresses them enough I see his chaotic nature yet he asks for help at least right here financially. Yeah there was a bit of excuses and downplaying, but we all have problems being fully accountable. He seems to care about his situation more than others I've seen here.

[@MichikoHoshi]

Even if there is a 2 week between him getting fired and him starting his next job, he won't be receiving his first pay check for 2-3 week after working. But yea, this guy is just not good with money management.

[@becsclaireee]

Unpopular opinion, but sometimes people lose weight because of depression. Congratulating someone on their weight loss without knowing if it was intentional or not can be tricky. They may have an eating disorder, depression, a medical illness, etc. The way the guest framed the statement led me to believe it may have not been intentional weight loss. I say all this with lots of love; no hate intended. 💛

[@fighthive4808]

This isn’t an unpopular opinion, it’s just factual. Definitely felt a little weird when I heard this part

[@potato1084]

Yeah I lost a lot of weight from not being able to eat food properly or enjoy it it was miserable 😂

[@becsclaireee]

@@potato1084 I hope you’re on the upswing now, friend! 💛

[@eddier115]

This is why you never give a 2 weeks notice. Bc they don't give you a 2 week notice when they fire you.

[@mike73783]

Did he say he was sent to the conference with the new company the next day? I get the sense he had already accepted the new job and that’s why he wasn’t kept on. Although they’d usually pay out two weeks as a courtesy. Something strange here

[@CorriGross]

Loneliness IS tough. Find a young adults group at a thriving church. I met my hubby at church. Going on 25 years happily married.

[@trustedroot]

not everyone wants to go to church

[@ronmellen-stier1081]

As a fellow disc golfer, you don’t need more discs bro. You are ruining the “free fun” aspect of disc golf that Caleb would love with unnecessary purchases.

[@the1stimmacrazy]

MDD stands for Major Depressive Disorder. His description of a "blanket of sadness" and hopelessness was perfect. It feels impossible to live in the day and the moment, let alone just getting out of bed in the morning. It is an awful feeling, but it is something that can be helped with therapy and medication if needed. Glad to see Mickey got through it!

[@harrisonwright4075]

With his experience in ETL/SQL/Tableau, he could easily make $130k+ working for a large consulting firm that does implementation projects. Any of the big 4 or accenture would hire him, especially if he shows that he has the management skills on top of the technical skills

[@harrisonwright4075]

Kansas City may have lower pay than cities like Austin or New York, but from my experience those skills are in super high demand

[@ethxo6734]

I work with a lot of developers for powerbi and all of them have supported remotely.

[@LaBoricuaOG]

​@@harrisonwright4075he could find a remote position from a firm in Boston or NYC, so he could stay living in KC with that sweeeet salary

[@adamsteele6148]

Yea if he has the skills. That's the question.

[@lucaspenzeymoog1783]

Yeah I was surprised his salary was low, he says where he lives has comparable COL to Austin but I bet his same role would pay a lot better in Austin

[@catgrrr1]

One thing I wish Caleb would say in these is what exactly being “caught up” on retirement means. How much does he need to be “caught up”?

[@dylanyeley]

It depends on how much money you spend that’s why he’s so vague. You need to be able to survive for a long ass time without anything coming in, even though in reality you should be investing in something with returns so that you can live later without working. 5 years no work worth of saving I’d say? Maybe more depending on how reliably you can make your own money without working.

[@edwinroyal9734]

Check out Money Guy. They have some free resources that can help you determine is you're caught up based on your age and needs.

[@Aus10c]

I died, “Paramount+?!?!?!” 😂

[@CalebHammer]

🤣🤣🤣

[@bsrhoad]

He seems like a good dude, I hope he pulls his life together.

[@DavidZBrown]

Would you rather be face-to-face with Caleb Hammer or Dave Ramsey as you're revealing that you took out a consolidation loan only to build up the CC debt all over again?

[@jillcipher]

Not laughing at his bald joke was a crime I thought that was hilarious

[@phymat1]

This guy is solid. He understands what went wrong and is willing to learn from his mistakes. Huge congrats on losing the 60lbs. Anyone who can get it together to do that can also get it together to master their finances. Best of luck to this guy. He'll achieve his goals.

[@TandemDawgBMG]

Dude, go buy a book called "12 Rules for Life" by Dr. Jordan Peterson. You are clearly in a place where you need to find a path forwards and between the book and some proper therapy and "friend-terventions" you will get there.

[@CountessRose]

Personally opinion, if you want to start dating and your potential partner finds out you are paying for only fans chances are that relationship will die in the cradle.

[@xccrazy91]

As it should. Someone needs to help that dude cause that’s not the way to go at all

[@TomH2681]

Why would anyone pay for OF when there is so much free porn out there? OF content isn't even good quality.

[@kateellison5360]

@@TomH2681 Because porn performers have to earn a living, too, and people not paying for porn has caused the industry and the people who work in it all sorts of problems?

[@jasoncooper3924]

It’s not about the sexual content, it’s about feeling like you get a connection from the girls on only fans…it’s artificial but that’s the psychology. It’s like how they find that guys who go to strip clubs regularly, most of them are actually seeking a woman to talk to and connect with more than the sex part of it.

[@CountessRose]

@@jasoncooper3924 fully understand that but if you want something real, supplementing with the artificial is only going to hurt in the long run.

[@BC-xh7gf]

Last couple of episodes have been harder to hear the guests. Trying to watch in the office everyday and I have to crank it up to hear them. Then Caleb's freak outs absolutely explode through my speakers. Wish audio was a little more balanced for those of us trying to multitask lol!

[@matthewv4170]

Shush hell end up hiring a sound guy

[@matthewv4170]

@@jacksonbilly9979 are you mad this guy mumbled to fuck

[@nane1013]

Well on a positive note. Job hopping really increased his income. You never know how much more you can get without leaving your old environment. But knowing how to manage your money comes in handy to avoid lifestyle creep

[@jjr902]

Dudes finances are in the toilet and he’s spending money on OF…….QUE FRESH N FIT!!!!!

[@yeseldiaz3453]

22:33 For Invicta watches, especially Quartz movements, they do not really appreciate in value. Even most lower end Swiss watches don't really appreciate in value unless they're limited runs. If you want watches that are actual investments to pass onto kin or accrue in value, you'll have to bust bank for brands like.. Rolex, Blancpain, Patek Phillipe, Brequet, etc. He's indulging. It's okay to indulge your wrist when you're not drowning yourself in debt.

[@D_Spear]

Mental health is extremely important. I had a mental health breakdown about 6 years ago, I took me years to finally feel right. I don’t want to focus on how it took years, but it did because I ignored it for too long. The moment I was on the right meds and with the right therapist, my life got better. I ended up finding my purpose in life, which was very important to my mental health. For those of you struggling, just know that I care and don’t give up, with the right help your life can improve.