Starbucks Employee Has STUPID Car Debt | Financial Audit

[@aaront936]

I love policy genius for home and auto. Most of your guests are young and single but I hope you'll start harping on the importance of term life insurance for those who have someone dependent on their income.

[@eliseg0001]

Some companies also have a basic life insurance policy for employees, but adding a beneficiary would make the process easier and young people often forget to add that

[@SAnderson54]

I wholeheartedly agree, policy genius is great

[@MarinoRacing]

Term life insurance for a single dude in his 20s? Lol talk about a waste of money.

[@aaront936]

@@MarinoRacing try practicing reading comprehension. "For those who have someone dependent on their income"

[@ertsec]

lol when you’re asthmatic and depressed, it’s as bad as permanent life insurance

[@Jawz_345]

Tbh, I wish nothing but success for this guy. He’s super receptive, is doing well, and has larger aspirations. I’m 20 and he’s an inspiration as I’m trying to get my finances right and keep growing

[@stephenshelton4267]

Yes, I think he'll be alright after a few simple changes.

[@joshcomeau1365]

"Are you not a saver?" He's *21* and he has more than 10k across his personal and business accounts. He actually set money aside for taxes. He's doing *so much better* than most 21 year olds!

[@alexwalker1759]

I think he only has about 2500 including his tax return he hasn’t received yet. 9,000 of that sounded like it was tied up in a business account?

[@davidglymph8659]

Haha funny seeing you here. YT algo bringing people together. Big fan of the courses and blog!

[@davidguarin358]

Better than 70% of Americans Most people have less than 800 dollars for emergencies

[@LiquidRetro]

Ya I agree I think there are some patterns here of bad decision making an excessive spending but he isn't in quite as bad of shape as Caleb thinks for his income and age. Figuring out a career will big a big first step

[@i.m.7710]

@@baconoftheark in my hometown people spend 70% of their income on rent.

[@lizearl33]

Every time I have the urge to finance something I hear Caleb’s voice saying “WHHYYY??” While smacking his notebook with his pen.

[@dihs5246]

In my case when I want to buy something the "you can't afford that!!!" Comes to my mind

[@flipperbooch2194]

I see it more as building a credit history. Obviously not taking on too much debt or too high interest.

[@milkflavored]

Same 😂 I think a lot more about needs vs wants now - only finance electronics I have the full amount for but don’t want to commit to before trying them out (which saved me down the line!)

[@imnotawasteoftime]

I made an audio clip of his "whhyyy??" and made it to where every time I open a food app/Amazon/eBay/etc, it plays that audio clip 😂

[@erikahernandez3255]

@@imnotawasteoftime how can I do this

[@itsbenniblack6941]

Can we please give kudos to all these people who go through the financial audits OMG KUDOS!

[@CalebHammer]

100%

[@haydenbicky9690]

​​@@CalebHammer can I be on your show? I made about 150k a year and wasted it all on drugs for 5 years 😂😭😩 I'm eating potatoes for lunch to recoup the loss time to my retirement fund

[@elijimenez7710]

@@haydenbicky9690 oh my gosh. I think he accepts applications. Must be somewhere on this KZbin site. I hope your addiction is healed 😞

[@Machoke.]

I respect it because it can be hard for people to admit they might not be doing the best financially. I guess for multiple reasons pride probably being the highest. It’s not easy to say I need help all the time

[@gabrieliacoboni6951]

@@haydenbicky9690 You can email him to get scheduled. He roasted my investment strategy lol

[@btruong9055]

Im rooting for this kid. A paid off car and no credit card debt is definitely on his way. He needs to practice discipline to build his financial foundation

[@RobNorton]

Poor guy has side hustle his way through... At least he isn't buried in student loans without a career path. Hope he gets it figured out.

[@jaqueitch]

Why do you say "poor guy"? If he's not driven to get his degree and get a better job, then that's what he's going to have to do.

[@khailils446]

Bro you just struck a nerve with me😭

[@RobNorton]

@@jaqueitch The desire and drive is instilled on many ways. He may not ever have seen what success is, so he may never actually know what to strive for etc. Poor guy, meaning I sympathize with him in his current situation.

[@danreddick8884]

@@jaqueitchyou’re right, but you shouldn’t go 100k in debt without knowing what you want to do otherwise it could be thrown out the door.

[@lexm17]

@@jaqueitch he’s only 21, getting a better job is easier said than done. It’s good he’s at least getting experience and setting goals which is the most u can do at that age

[@DH-mf6jf]

To any Starbucks partners looking for more hours: Ask around and see if there’s a group chat or something similar for baristas and SSVs in your area to exchange hours or look for coverage. You can also ask your manager to borrow you over to other stores based on your availability and other stores’ needs. Or call other stores, ask to speak to manager or ASM, and tell them you’re a partner near by and looking for hours. Between being borrowed over to a different store and taking shifts from my district’s group chat, I typically am able to pick up an extra 10-15 hrs a week.

[@rsr2]

To add to this, you get mileage too for covering shifts at other stores so it helps pay for gas if you have to travel if you live in an area that have one Starbucks a town like where I'm at.

[@Ilovetacos926]

I have drastically changed my spending and I track/budget every single expense! Thank you Caleb for this educational content🙏🏼 seriously my favorite channel

[@thalaline]

You’ve got this! Keep up the good work

[@infotechsailor]

Common Starbucks employee L

[@i.m.7710]

Where do you track everything? Paper and pen, excel, etc?

[@Ilovetacos926]

For me personally I like to write everything down. I’ve tried a lot of different ways and this one has stuck the most. It’s trial and error for what fits your financial situation honestly.

[@Ilovetacos926]

Paper and pen on my personal journal 😅

[@brennnabean]

I worked at Starbucks in high school and had a coworker who went on extremely lavish vacations 3-4 times a year. He’d travel all by himself most times too. After I quit, he eventually confessed to me that he has to file for bankruptcy from all the credit card debt he racked up during these trips. Then covid happened and nobody could travel. But now that countries are opening back up, he’s traveling again! And he still works at Starbucks!! 🤔

[@_2315_]

Homie has his priorities fxcked up 😂😂😂😂 let him be. He’ll learn one day. Maybe it will be to late then but that’s his problem 🤷🏾‍♂️

[@Bettersucksaul]

That bankruptcy is going to bite him in the ass lmao

[@Rspsand07]

Sounds like he traveled for free at Visas expense. Winning. The only downside is if you planned on buying a house within 7 years, but that's impossible in most places without generational wealth these days.

[@ItsJoKeZ]

​@@Rspsand07awful mindset friend

[@Rspsand07]

@@ItsJoKeZ Fuck Visa, you want me to care about their returns? Looks like usury carries risks. Oh no!

[@katie8325]

Everyone saying Caleb is being too harsh are missing the point. If he carries on like this for the next couple of decades he won’t be in a good place. I wish someone had had this chat with me when I was 21!

[@JasonGroom]

Exactly, he is harsh, and hard on people because he needs to get them to understand how bad the debts they have and spending they do really is. Basically he needs to be harsh to get the American standard out of their head

[@mjrvi9866]

12k for a car that's more than a decade old with 10% interest..... WILD

[@CalebHammer]

Absolutely wild

[@ds-zd9qz]

I thought i got bent paying 5.5% on a 2013 back in 2018

[@truefoodsociety312]

He’s driving a $40k car, working at Starbucks. The loan is for a SECOND car -to rent to strangers through a phone app. Who rents cars through private parties? People who aren’t trustworthy enough to rent from a business.

[@marksweetser6312]

For 6 years

[@Pdobby]

I HATE the idea of letting people rent your car. We’re relying too much on someone else in that situation and are just one bad decision from the driver from having a destroyed car

[@dihs5246]

My mom did that. The drives destroyed her car.... it's not worthy

[@claireh.7605]

@@dihs5246 the platform screws car owners just like Uber screws drivers.. drivers can destroy your car or just damage it and can commit crime while driving it.. and owners can screw you with illegitimate repair fees for scratches or whatever.

[@htrspsupra2102]

Agreed, there's a few old sayings about how people drive and treat rental vehicles and none of it is good. Never trust random strangers with your personal vehicle because more often than not things go south.

[@jackyack7850]

I really doubt he told his insurance that he is doing that. A 21 year old male already gets racked by insurance companies, if they knew he was loaning out his car, you bet they are going to really stick him. Unless, the car is owned by his company and he doesn’t use it personally. They will not pay you if someone else wrecks your car.

[@claireh.7605]

@@jackyack7850 these platforms business plan relies on new inexperienced people doing insurance fraud and taking on expensive car loans that they then gift the equity in that to the platform for the platform users to use at a discount.. that’s why they advertise to always get people to join and naively make the initial investment not realising the risks they are taking on for very little gain. Basically taking advantage of people not crunching the accounting numbers and not being aware of the legal language in their insurance policy.

[@alangonzalez5198]

Caleb i have an idea: What if during these audits you model things on Excel (or something similar) like interest rates accruing on cc balances, depreciation over time on vehicles, retirement/savings funds, etc. I think you may have a greater affect on these guests if they SAW what bad financial decisions are costing them in the long term. Plus it’s really interesting to math nerds like myself haha

[@purplepoppy07]

I hope he doesn't write off food service management from possible career choices just because one person at Starbucks said he doesn't have leadership skills. Those can all be learned!

[@kfitz192]

Agree. When someone shows interest a good manager would offer to assist their employee in gaining those skills.

[@UTP_ENT]

He’s not a leader and that’s ok.

[@lightinutopia]

I feel his frustration, hustling, but still falling victim to consumerism and also, not knowing what they want to do with their life yet :/ Wish you best of luck Tarean!!

[@InspirePluto]

Caleb has me looking at my finances hearing “No we don’t do that you can’t afford it.” 😂 , I really appreciate these videos not only are they entertaining but they’ve helped me fix my budgeting and spends on unnecessary things. Thank you Caleb! 🙏🏾

[@haywood4299]

No way in hell I would let some random person drive my car. The potential issues with insurance and warranty is not worth it. I know how people treat rental cars.

[@lexi-z5i]

the only person that's allowed to drive my car besides myself, is my father. that's my boundary.

[@Liz-zg1mf]

This! A lot of insurance companies won’t cover your car or the other persons car if they’re not on the policy.

[@WhyYouAllHabut]

Only been two days since the last financial audit! You are deff spoiling us this week🙏

[@kevscomet]

I feel like I've absorbed so much of this content now that I can simulate a version of Caleb in my mind that can guide me to meet my financial goals. A month ago I didn't even know what having some solid financial goals looked like. Thank you Caleb and everyone else that comes on the show!

[@emtsnuami559]

Same

[@sorianojhonathan]

Never stop posting!!! I’m used to watching your channel during work now and it motivates me to continue on my debt journey. Followed you a while ago and you’re blowing up dude, good job 🙏🏽🙏🏽

[@Elena-er7zp]

I was a financial mess when I was 21. It took me another 15 years to figure it out so I am behind now in retirement savings. So happy Caleb exists to help these people when they are young adults. I wish someone like him existed when I was their age.

[@AFFTFOMSICHTS]

Same

[@hardman478]

He needs to check his insurance on this rent his car through an app adventure. I’m willing to bet his current insurance will not cover his car if a renter gets in an accident.

[@lawfullucyless6715]

He sure does. The way he talks about the rental details are scary sounds like he HAS NO IDEA. N2m people getting pulled over for drugs or doing sketchy shit and getting noticed by police. Etc.

[@SpoonHurler]

@@lawfullucyless6715 my first thought when I heard about this was thinking it's a trafficker wet dream, especially if you can falsify your identity through whatever cheesy app it probably uses and stolen credit accounts

[@claireh.7605]

@@SpoonHurler you are the mercy of the platform to prove to them and beg for money if anything happens. What if the renter plants drugs in your car - off you go jail on a quota arrest. And you can easily get stuck between two insurances refusing to pay you while you can be sued by anyone as the car owner.

[@christopherbownes494]

That's why the app does. It works the same way for uber drivers. The uber policy becomes primary over their personal policy if the vehicle is impacted while in the course of using uber. And yes. Uber tracks everything about your activities and will let your insurance carrier know so you cannot lie about it. They track your speed down to the seconds and any sudden stops you may experience.

[@claireh.7605]

@@christopherbownes494 I doubt Uber will pay out on a car crash every single time.. they have every incentive to just drop the driver and advertise to get someone new with a new car. They can just refuse to pay because you or your mechanic haven’t submitted the right paperwork or whatever just like health insurance companies do

[@catgrrr1]

If he does decide to go back to school, he should NOT quit Starbucks. They offer a great tuition reimbursement/assistance thru ASU that he can take advantage of especially if he only has a year or two left

[@stephenshelton4267]

It seems like they pay well too.

[@roofchees9]

I don't think he realizes he is losing money with his car business because all he sees is the $400 going into his account rather than see the money lost in: 10% interest on loan, car maintenance-oil changes, tires, filters, fluids, brakes, etc. car insurance, Gas, Depreciation, Leaving himself open to risk of being scammed, And his lost time that could be spent on anything else.

[@rayannebookout726]

His smile is so contagious ❤ he has a good energy I wish great things for him!

[@colinchampollion4420]

He is too feminine and n

[@georgiasutjiadi2308]

With his obsession with renting cars I’d recommend he try apply for the Management Trainee Program with Enterprise. We’re always short staffed at the branches. All you need is a drivers license and associates to be qualified. Plus pay is way better than Starbucks with good benefits too.

[@tareancarter6570]

Imma look into this

[@Finding_Lori]

@@tareancarter6570 Branch Manager at Enterprise here! You do need a Bachelor’s Degree for the Management Trainee program. But if you wanted to be a Customer Experience representative at an Airport location you do not need any college education! MT Program is better for career progression/promotions. But both are full time and offer full benefits packages!

[@mericawillis2338]

Oh my goodness, I hope Caleb sees your comment to notify him

[@adamseidel9780]

I thought about this too, it’s an excellent idea! If you like it, you can finish your bachelors at night and then move into the management program. Might be perfect…

[@growingprofits1817]

@Tarean Carter I worked in a car rental for my 1st job out of college. I dont like this idea, but if you do it, I highly recommend the airport location. The management trainee @local locations is a bunch of lies and deception. Please Continue to work on your own Rental car business. Do not give up on it, but pay cash for all future cars.

[@jrs4ex]

Some of those eating out charges look way more then what one person could eat. Seems like a nice guy I hope his friends that call him up to go out aren’t doing so because he picks up the whole tab.

[@tareancarter6570]

I had to learn the hard way to who to trust

[@ActiveRehabMobility]

My apologies Tarean for all those meals you spoiled me on 🫢

[@jrs4ex]

It’s easy to let happen. I had friends who did the same. Wasn’t always in bad intention either sometimes it’s self inflicted. Instead of everyone just paying their portion one person picks up the whole bill, then the next time out someone else does. But in the long run the nice guy finishes last and picks up more tabs.

[@Teeayeg5247]

I have spent 500$ eating at chipotle/Chick-fil-A everyday last month. He is definitely just eating for himself

[@adamseidel9780]

It’s drinks

[@amberpadilla6463]

I love when Caleb tilts his head and says, “why????….”

[@SpyroTheSmallDragon]

Your financial audits have changed my point of view when it comes to spending, and created a sense of urgency when it comes to the future. I've got a while to go to pay off my debts, but I'll always be thankful for helping me turn a new leaf!

[@augustek5382]

keep it up!

[@dctheboss64]

when he said he wanted to buy another car at 41 minutes i lost it lol. he is such a sweet kid though and i think he will have a bright future if he locks it in. he has a great work ethic and business drive at a young age. thank you for coming on! and thank you as always caleb for saving america's youth with financial literacy!

[@BrokerLower]

This guy more mature than 30+ year Olds at 21. He'll work it out

[@markcowan3366]

I agree, he's still figuring it all out and I think this audit will do him really well. He needed someone to lay it all out for him. A few minor tweaks and he'll be great!

[@berrex5152]

thats what i was thinking too haha

[@Ndasuunye]

the more information available earlier the easier it is.

[@jeremys3418]

More mature than me at 45 lol

[@viperviper5]

Yea what he has going for him is his age. You can wise up and recover from this. I was the same way at 22 up to my nose in credit card debt I wised up by 27 and buckled down to pay it all off. So he has time on his side

[@KevX1127]

Tough advice but necessary, Caleb is doing what I wished somebody told me years earlier to manage my finances. If these people take his advice seriously, they'll be in such a happier and better financial situation!

[@ag4allgood]

Terian at 21 has a great start in the fact he has learned to pay off the Credit Card balances every month. So good of you Caleb to Hammer him on saving $$$$ now ! Nothing like compound growth for a person in their early 20's. He has financial sense to follow your advice. He can really make some $$$ at his age - motivated is the vibe I get.

[@amandeez5782]

Arizona State University offers free online college to Starbucks employees

[@deborahgunther8454]

You have a sponsor!!! Congratulations, so exciting. You're one of my favorite content creators right now.

[@thisismyname2936]

Just found this channel, and I'm enjoying how real this dude is with his clients. My thought process is similar to his communications, however I wish someone like him sat down with me when I was 18, so I didn't have to learn the hardest way. I avoided bankruptcy, narrowly but is cost me a lot over the course of 6-7 years.

[@adamseidel9780]

This kid doesn’t need a financial audit, he needs a career. It’s not irresponsible that he decided to hold off on education until he picked a direction - it probably saved him from being in a big debt hole - but at some point he had to actually decide what he’s doing with his life and get off the pointless Starbucks and gig scheme cycle. A house at 25? Zero chance, but if he wants one at 30 it’s time for a job with actual prospects. It’s time to spend all his time figuring out what he can actually DO as a real, lucrative career and go in that direction,

[@leahmcdermott4189]

He’s literally 21, most 21 year olds can barely find their backside at that age. I went to uni at 22 after years of deliberation but now, I’m 25 and still don’t even really know what I wanna do. I’m an RN but like, there’s so much I wanna do. You can’t expect a 21 y/o to have it all together. I think he can chill, work an okay job full time until he fully decides what he wants to do. No point in jumping in something and still being unsure if it’s for you. He’s a baby, can still live at home for a while if he wants

[@zoopdefloop8651]

@@leahmcdermott4189 I was in a similar situation to him, I landed a general manager position at a start up coffee shop for a couple years, bought a house, and then they sold the company and I got a good chunk of the sale. Since then I’ve had some tough times, went to school and it wasn’t for me, and now I make $1,300/week doing doordash. I’m starting the process of becoming an electrician with the local Union chapter. I’m 30 now. He can figure it out

[@leahmcdermott4189]

@@zoopdefloop8651 Nice! And exactly, there’s nothing wrong with experiencing and trying different jobs in your younger years. No one has to figure it all out by 18. Plenty of people start their careers/trades at a later age and it don’t even matter. You got the rest of your life (normal retirement age 65) to work anyway 😭😜

[@shadedwulf]

I don't understand how by his age you don't have a beginning career path. I've only ever taken care of myself with zero help and my the age 21 I was 2 years into my career. Not working at some high school jib at the local fast food/ quick eats joint. I just don't understand the mentality of I'm 21,22 or 27 and don't know what to do with my life, like home your life is leaving you behind.

[@leahmcdermott4189]

@@shadedwulf Because not every one is the same. It’s a big deal to commit to a career for the rest of your life (another 40/50 years) at 21 and the concept that you have to have it all together at that age is ridiculous too. If you don’t know what you want to do, explore, try different things in your 20s and see what interests you, or what you’re passionate about whilst your still young and have less responsibility. As long as you are working full time and paying your bills, then there’s nothing wrong with that. There is no positive in jumping into a industry/career and realising you hate it later on in life. That’s no bueno. Because then you may have responsibilities, kids, a family, mortgage. That’s in fact the worst time to take those risks and change careers 💕

[@ArashsWorld]

I’ve been really enjoying these financial audits and your hard work is showing through your consistent and quality uploads Caleb!

[@brysonmcha]

Star-no-bucks employee has STUPID car debt | Financial audit

[@50shadesofgday64]

That was scraping the bottom of the barrel but I'll allow it

[@ane5903]

good one

[@brysonmcha]

@@50shadesofgday64 thought of it all on my own

[@handleyobusiness]

Well played 😂

[@emilyknowlton8602]

Why 2 cars?

[@TheSusan1127]

I love the no using the ATM unless you are using the allocating cash envelope method! Thank you I will use this habit from now on! It’s definitely easier to track spending when avoiding the ATM

[@mikebai2733]

I'm glad someone like Caleb is at least attempting to wake people up about this subject matter.

[@Burning.Phoenix]

My initial reaction was that Caleb is being kind of hard on him, he's certainly doing better than most 21 year olds, by a long shot. I do understand where Caleb is coming from though, he is scared for Tarean and wants to make sure he's scared as well so he fixes the issues before they get out of control. I've got faith he'll figure it out.

[@chefnickdee7353]

i dont know why I am so addicted to this channel. I watch a new video everyday!

[@guillermobowden9940]

This channel helped me get my shit together. Keep going bro people need to hear this 🔥🔥🔥

[@84BlueCrownvic]

This guy is such a sweetie! He’s 21 years old so a lot of this is forgivable. Im am glad that he’s coming on financial audit to get straight so young. It’s awesome that he doesn’t have any student loans.

[@potatogamerfiber]

Out of the jobs he listed, data analysis might be a good avenue to pursue. I see a lot of job postings that at least require data analysis. Not cars, but he did say that he liked going over the specs, so kinda similar in that aspect

[@LiquidRetro]

I agree, he seems smart and like he wants to work, and it might be a good fit for his personality

[@markcowan3366]

This kid is doing pretty well all things considered. He isn't spending every dime and going deep into credit debt like alot of the guests. He definitely has a better head on his shoulder than I did at his age.

[@LiquidRetro]

I mean he is spending most everything he is getting through a paycheck. No credit card debt or student loans should be praised.

[@milkflavored]

@@nathanballance2347 I don’t have a plan and I’m doing okay - it’s different for everyone

[@austinpowers1999]

He doesn’t own the car. The car owns him.

[@daltonbrasier5491]

Dave Ramsey has entered the chat.

[@Dhags3]

Groovy baby yeah!!!!

[@bonniekerr6890]

This kid is doing awesome. No late fees on his credit cards or interest paid. Pretty good for 21 years old. No major debt that will take 4 or 5 years to get out of. If he will cut back on his spending he should do awesome. Wishing you the best & hope you come back in a year or two with an update.

[@0ktavio345]

After watching your videos, I’ve been looking at my budget and I’m like the less subscriptions, fast food, video games etc… the cooler I feel.

[@truthhurtts]

Caleb needs to televise this after maxing out the KZbin game. Absolute walking W man. Commenting for the YT Algorithm Pt.86

[@esotericcommonsense6366]

My man's putting in overtime, you'll be at a quarter mil subs soon

[@eliseg0001]

Fr! I love watching his sub count go up with each video

[@miapestano766]

I love how the sponsor is super related to your channel’s content. So glad to see it!!

[@CitadelEntity]

Can’t believe how fast this channel has grown. I definitely send these to my friends, no idea if they watch them 😂

[@eliseg0001]

Haha same, I also started listening to them w my partner bc it helps us talk about finances together!

[@Amyreadingabook]

hearing how not have an emergency fund is an emergency really hit me. I was 8 months without a job and having to use some of mine. Happy to get a better paying job but was spending a bit more than building back up that emergency fund and hearing that really make be pause and go noo let's not buy that new coat and put it in savings

[@Kadz]

Man’s got that FxFactory Pro Trial transition 💪

[@isaiahayers1550]

What's happening?

[@jeffredfern3744]

​@isaiahayers1550 video plug in editing talk

[@catz7679]

I had the same apartment conversation with my friend who couldn't afford high rent and now has his dad paying his car payment because he got the higher rent apartment for more amenities he doesn't use.

[@aose9512]

Caleb's videos single-handedly made me stay strict on my monthly budget, n thanks for your content!!

[@darkzennn]

I love how this guy, 41 minutes in the conversation, Caleb has stated how bad the car rental thing is for him, still wants to pay a car in cash and rent it. Props for his determination for sure 😂

[@tynation9103]

Budgeting takes patience and determination to make it work. I have learned I am not patience enough to do so as I got older. I got married at 20 and was actually wiser with finance because we bought our first home at 22 (when things were so much more affordable). But the discipline was there to monitor where the money was going. I am on a one way road to be back on track. I realized one can easily go off track if not careful.

[@natedavidoff668]

Car rental is not worth it. My first renter with Turo stole the car, had to go to his house with the police to repo it. He had also crashed the car on top of stealing it. Turo app would not help at all!

[@caymenmonday4843]

You need to speak to them about delayed gratification. Sacrifice a little now so you can be wealthy in the future. You can still have fun on a budget and not eat out everyday but its embarrassing to be old and broke/still in debt

[@brandonquinn3879]

Honestly pretty impressive for a 21 year old. He is still immature and needs to figure things out but once he finds his direction and sets himself to it, he will be so successful.

[@altstrange3663]

I saved the majority of my income because I live with my parents and didn’t really spend money on anything besides spending when I go with my girlfriend at the time. Then I got a large sum of money to me from taxes and went crazy. I’m not sure what happened but for 8 months straight I spent about 2 thousand dollars a month on my credit card even though I only made around 1.5k a month. It was all Uber, eating out, gifts, games and whatever else I felt like buying that day. I never missed a payment because I watched the statements due dates and even borrowed money from my sister, but the stress and anxiety was awful. Watching your videos helped me get back on track and stay on track. I’m only spending around 500 or less a month again. I fully paid off my sister and I’m still paying off a few couple things but I’m on the right track again. I’m grateful to not have any debt and finally start saving for an emergency fund and car fund. And yes I plan to get another job because I do not get paid enough.

[@Miggy2222]

I think he’s in a good position for his age. Just needs to budget and watch his discretionary spending to avoid lifestyle creep. Also learning that cars are depreciating assets.

[@13ikea]

Caleb sometimes cheaper rent means living in unsafe conditions.

[@flameshoter6]

Well the guy could stay where he is currently. Having water issues twice a month isn't a huge issue until he can find a better place. Researching the area is another thing the guy could do. Or he could sell his car and get an older RV to live in. Many options are available. It depends on what he can afford and what's available.

[@eliseg0001]

True but being in the metroplex he has an option to commute like 20 minutes and have more options

[@LiquidRetro]

​@@flameshoter6 Ya I would tough out the water situation, and ask the landlord for a discount for thr touble

[@MexicanTeTe]

That's so true. I was choosing between a $500 apartment with utilities included and a $700-900 apartment with no utilities, and the $500 one had a bunch of units get shot to hell right after I had looked at it. I guess endangering random people is one way to ensure apartments in your neighborhood stay cheap.

[@13ikea]

@@eliseg0001 yea commuting is an option but he needs to weigh the pros and cons. He drives to work so the gas could eat up more of his budget versus him staying nearby.

[@ATR-_]

I hate people who don’t answer questions straight and beat around the bush. It’s so annoying. Anecdotal answers and lack of transparency

[@markk624]

The math isn’t adding up. He paid off a $40k car in 2 years on an income of ~$50k while spending all disposable income.

[@jrs4ex]

He said he was living at home when he got that. Probably had a large down payment and was able to pay $1000+ a month towards the car because he didn’t have rent or any substantial bills at that point in life.

[@dillonkoval4086]

Love the pie charts for the spending recommendations! Small addition but big quality boost!

[@kantoshero]

Seeing him wearing that Detroit lions shirt let’s me know that Caleb is used to disappointment 😂

[@ChristianManYT]

LOL

[@LiveMental]

This comment is getting played out

[@runningdebate2670]

Being 21 and already thinking about finances is a good sign, still very young and doing much better than most 21 year Olds. Keep up the good work

[@frescosmalls]

You should censor his information via KZbin's editor (you can blur) at 6:51 on the page you've faced towards the camera. I'm not sure if there are other areas because I haven't watched the video completely yet, but his address is pretty clearly visible.

[@CalebHammer]

On it

[@princessleai]

Last weekend I somewhat had my sister do a financial audit… basically help me make a budget. It was good for me and I think a lot more before I want to buy anything. Plus I watch Caleb weeks before deciding to set up time with my financial accountability partner-my sister. That was a rough several hours.

[@alepolait8951]

I think he got in love with the idea of being a business owner because he prefers the "identity" it gives him over just saying "I work for Starbucks and Walmart" because it makes no sense at all to keep doing that "side hustle" when it's not making you any money. Being able to buy cars so young probably was really ego-boosting, and it's really hard to accept that it wasn't a good idea.

[@matteo_oliver]

As a Fort Worth native, I had a one bedroom apartment in Clearfork for 1180 a month, which is a very nice neighborhood with all your need and wants within 10 min. 1400+ is not far off I will say, but I would say 60% of one bedrooms are well below 1200 a month that are still accessible in safe, comfortable parts of town.

[@AtTheBenchtop]

Hey Caleb, please go back and blur out his account info, address, etc. around 6:35 ! I can make out the info very easily . Not sure what someone can do with that info but better safe than sorry. Edit: I watch on TV so it's easier to see stuff like that on there.

[@CalebHammer]

On it

[@AtTheBenchtop]

@@CalebHammer thanks Caleb!

[@claireh.7605]

I already sent him pizza delivery.. just kidding

[@ChrisBrandrick]

Came to say the same.

[@An1m3]

Yay it's finally fixed, hope this guy doesn't get swatted.

[@TrueHDCinema]

Congratulations on the sponsorship! You deserve it. Thanks for all the inspiring content you are making. You are changing lives bro!

[@coffeeshop8675]

Just got off work and I‘m immediately getting a reminder why I‘ll not be stupidly spending the money I just earned

[@syang1390]

Coming from a former Starbucks Barista.LEAVE!! Get the fuck out! Unless you are going to use their school system. The pay is crap and they treat you like crap. Honey, if they already told you NO to promoting, they WILL NOT promote you at all. Shift lead is the highest youll be. You're better off leaving. Dont be comfortable. You have no kids, spouse, or credit card debt. You can do it! Take the leap and go!

[@aongaaong]

wow, that was harsh. "oh, btw, you're not even close to buying a home at 25"

[@doriskurzz1798]

I love it when Caleb throws papers on the floor which sends the message that debt is stupid!

[@SpoonHurler]

All those credit cards scare me... especially when half of them he doesn't like. Just close them now, take the hit while you are in a relatively good place, stop playing the credit card points game and find 1 or 2 with good cash back and/or rewards and move forward with those. Not even going to get into the absolutely bad idea I think the "Uber of rental cars" thing is, especially in a state that's less than a half a days ride from the Mexican border.

[@gb-wj7dg]

how often do you think cars are stolen stateside and moved across the border? idk of the being a serious issue, much easier and less risky just to steal the cars already in MX when one is needed and forging paperwork through bribes. btw, coming from someone that lives in MX

[@SpoonHurler]

@@gb-wj7dg I'm talking about moving stuff that should not be moved more than stolen

[@MexicanTeTe]

They typically don't let you drive rentals or financed cars into Mexico, although the enforcement of those rules is hit or miss.

[@bwabwa8810]

That guy is full of crap. He's gonna get audited and really regret fubbing on his taxes. "Someone on the internet told me I could do it." 🤦‍♀️

[@Mr_NB628]

That car rental thing might be worth it if he was actually taking the mileage deduction on a per mile basis. Secondly, if you don’t know what you wanna do in college, getting a basic business degree normally will set you up fairly well for most jobs. Unless you want to do something like art most corporate jobs a basic business degree is good enough to get in the door.

[@binyamj]

I did a quick search in Ft. Worth. I found several apartments between $834-$1000. He didn’t look.

[@Vub.]

Ayyy my boy got the sponsers! Keep it up

[@Shannon_Vlogs]

I love Caleb’s comment section! Everyone is being so kind here! And I agree! This guy is actually doing pretty well compared to a lot of other people his age!

[@motofreak2772]

The piece of advice missing from this: sell both cars and get a cheaper one. Honestly disappointed this obvious suggestion was overlooked.

[@13ikea]

Yup I said the same. Buy 2 for 20k and save the rest. Still have 1 for business.

[@motofreak2772]

@@13ikea no he needs to give up on the business. Sell both to pay off the debt and start the emergency fund. Then what ever is left over is his budget to buy a single car for his daily driver.

[@Josh102697315]

Why sell a perfectly good paid off car in a declining market? Sunk cost applies here. Buying a cheaper car is like ditching a parachute mid air for another parachute. Highly illogical. Just ride the depreciation and the market down. The extra cash will be of no benefit with the high inflation. His primary goal should be to increase his w-2 income through upskilling/job switching. He should stay at his current place or move back in with his parents but thats a more personal decision that i have no say about just something to think about. He should only go back to school if his degree is 100 percent paid for via starbucks, scholarships or grants and the degree should be in STEM, maybeeee business if hes not stem inclined at all.

[@motofreak2772]

@@Josh102697315 what?? As mentioned his paid off car is nicer than the one caleb drives! It’s more like swapping a golden parachute for a regular one. And with my suggestion there wouldn’t be any cash left over. He would downgrade the car then pay off his debts and create an emergency fund.

[@xofruit]

I must be missing something. In 2016-2018 I was a supervisor at Starbucks in Georgia, and my hourly rate was - I kid you not - $12.83/hour. $19.80 for a barista position in Texas...??

[@Lando_FPS]

I might be blind but is this the first sponsor on his videos??? thats really cool if so

[@lawfullucyless6715]

I think he's sponsored a certification company before.

[@An1m3]

He has been sponsored by coursecareers a couple of times and some coding bootcamp.

[@noemigomez44]

For the finding an apartment situation, there are Rental Lease agents. They are free of charge, and will find rentals based on the requirements you provide them with.

[@Corndog1]

I like the addition of a pie chart! I noticed it!

[@TheIndulgers]

I’m starting to see a trend with this show. People who are financially irresponsible are childish and insufferable. No accountability. “Uhmmm… like… I don’t know.”

[@TVHouseHistorian]

This young man deserves big props for not going to college without a plan. I've known several people over the years who became successes *without* spending a small fortune on a college degree.

[@razmiddle9410]

"Several people" is anecdotal. What does the data say how people with and without college degrees fare financially after 20 years post high school?

[@TVHouseHistorian]

@@razmiddle9410 the “data,” as it were does not answer important questions such as, “What types of jobs are people drawn toward, given other predispositions?” A college degree is not a golden ticket to financial success. I hold a 4-year college diploma, and landed in a career I love that makes great money, and doesn’t require a college diploma. I have great health insurance, 6-weeks of paid time off, and hundreds of hours worth of sick leave. While statistics may not lie, they rarely account for the whole truth.

[@ChristianManYT]

Always love seeing new videos of yours popping up in my recommended page. I will never not click them immediately!

[@Chris349]

I am curious, you keep talking about an emergency fund being between $10-$15k. I know some advisors recommend an emergency fund of $1500-$2000 to cover an accident or car breaking down and then to also have 6 months of living expenses banked. I am assuming your idea of an emergency fund is both emergencies and 6 months of living expenses rolled into one?

[@eliseg0001]

You’re right! when he says emergency fund he means ~6 months of expenses which would also cover a car, pet, or other emergency

[@StoneXue]

Fort Worth is getting expensive. Everyone from california is moving here. I moved here (not from california) 4 years ago and rents have skyrocketed in that time. 1450 is really not even the high end of a nicet 1 bedroom but it is getting towards the high end. He is going to pay 1100 to not be in a dump where the boiler is breaking down all the time thats just a fact of life here now and he is going to hit 1200 to get in a gated area to reduce the cat converter thefts which are horrible here.

[@Shreeree441]

He should have bought a $8k cash car for his daily and use the Mazda as a rental. Profit of margin will be higher because it’s paid off.

[@pokej8942]

Caleb is doing a wonderful service for the world. I have learned a lot from watching his videos. Thank you Caleb! keep up the great work!