He’s Single-Handedly Throwing Away Their Future | Financial Audit

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[@CalebHammer]

Congrats to survey response winners Jonathan DeVane, Daniel Evans, Glenda Mae, and Jerry Stauffer! We will be emailing you later today, each of you won $250 :)

[@enneirda07]

​@@notNaB2024how so?

[@o0laieta0o]

Why would it be rigged. You're just salty

[@fasteddy3336]

Great for them! You don’t need to set aside in Texas of 30%. 22% will be plenty. the marginal tax rate for someone making 50 K in Texas it’s like 20.2%.

[@aquanote2694]

Congrats to the winners, figured I’d lose but happy to participate

[@benjaminvos42]

Still a loser…😂

[@LVUFC]

Literally debt free from a 28k car loan tomorrow, 18 months early. Caleb played a huge part in that. Caleb’s whole outlook on financial stability has really changed my outlook on shit. Cheers mate.

[@poadude]

Good job man. That’s fucking awesome

[@LVUFC]

@@poadude Cheers bruh. She’s paid off now. Feels good man . Got a little girl due in march so it’s awesome to be finically dependent with a really good paying job and minimal bills. Never going into debt again besides a house super stressful seeing negative amount.

[@ronald5080]

Congratulations! I’m very happy to hear your financial progress. It takes time and effort, but it’s definitely possible. And worth it may I add. I wish you and your soon to be new born the very best! Cheers mate.

[@Mr.Torres-Mr.Towers]

Nice but don’t thank Caleb thank your parents.

[@LVUFC]

@@Mr.Torres-Mr.Towers My parents 😂? They didn’t work the 6 x 70-80 hour weeks making 5.4K a week on average too pay it off early. They only forgot to tell me how bad auto loan finance really was. Caleb had to explain that shit.

[@ssance]

The fact that his girl said that she wouldn’t combine finances/marry him if he doesn’t change should be the biggest wake up call from this entire episode. I really hope dude realizes that he’s more committed to doordash than his girl and genuinely changes for the better. This episode was the hardest for me because he has such a bright future a head of him but these addictions are eating away at his shine.

[@someusername4129]

Addictions are a different beast for sure. Most addicts can't sustain reform. I will be surprised if gf sticks around especially if she wants kids, this man will ruin them.

[@cardojp]

To not be able to add her debt on top of his has to be a giant upset. Don't know how he's gonna sleep at night not having extra student loan debt

[@jimmytwotime6875]

He's lucky she's only 20 and just as naive/stupid as he is. When this situation "clicks" she'll be out the door for good unless he pulls his head out of his ass.

[@someusername4129]

​@@cardojpthe problem is that you would have both of them bringing massive debt to the relationship and one person who continues to hemorrhage and add to it. That's pretty hard to overcome if the behavior behind it is addiction related. Not sure how it's an upset, but I am sure you're gonna make it sexist where the man never takes responsibility for his actions since that's usually how the comments sections on this channel go.

[@cardojp]

@@someusername4129 I don't argue with simple minded people. You need a better argument

[@popamonkey190]

I really like how each episode the production quality gets better. We asked for graphs, and now we got them. The next thing is 1 million subs. You deserve it Caleb.

[@chadso1368]

next add some animations/graphic branding to the graphs 😊

[@bellla333]

yes!!! caleb and his team are doing absolutely amazing

[@frankiedoerr6784]

We need a heart monitor next

[@applefarm6126]

@@frankiedoerr6784 Nah

[@Gchildwarrior]

For follow-ups, there should be a link so we can see where they were for the full picture

[@danielford2369]

Him- "I can't save for taxes because of bills" Actually him- "I spend $400 a month on weed"

[@brendenyoung4161]

Lmao howwww I spend like 60 on weed. Thank God for the reserve lol

[@TGMisKillingTheMiddleClass]

@@brendenyoung4161 so thankful to live in a free state where I can grow. Costs me maybe $20 an ounce after nutrients and electricity

[@BorisBidjanSaberi11]

​@@TGMisKillingTheMiddleClassif only I was smart enough to do that

[@Nat-lb8nu]

I quit weed six months ago (I had to cause I got CHS) and I’ve saved $1000 just from not buying weed.

[@EmilyBunner-lh2nr]

He needs to move to Michigan. 😂

[@punkbassandcovers]

I love how people tie their financial success to their credit score. Just because you have a high credit score doesn't mean you're financially free. If anything, it may be the opposite.

[@dude462643]

I've noticed this myself. As I've followed the steps to shore up my finances past couple years, and I am in a way better situation now then I was then, my dependence on debt to cover emergencies goes down and so my credit score goes down. I think that the credit score curve is an inverse parabolic curve when financial freedom is the dependant variable. But I am fine that credit agencies don't see me as an ideal customer.

[@jvolstad]

830+ FICO and debt-free.

[@BigTummyAche]

That's accurate AF, I'm sitting at a 770 with a ton of student loan debt. That said, it's all federal and in good standing, no credit card debt, but yeah. The score isn't everything. I've also made sure to keep my score high I had a lot of student loan debt.

[@dude462643]

@@jvolstad Congrats on being debt free! Quite the accomplishment. Out of curiosity, did you have any debt payments in the past while you're score was on the rise? From my understanding you would have a 0 credit score if you go womb to grave while cash flowing everything. But I have no first hand knowledge

[@Dan16673]

​@@wordsalad01income has no correlation to financial intelligence

[@spiralpower2795]

Caleb, I discovered your channel in February, I got a second job and as of yesterday, I’ve paid off all my debt, my emergency fund is now at 10k and my Roth IRA is maxed out for 2023. I am so excited to be free! It honestly still hasn’t really sunk in for me. Thanks so much!

[@kierstenbrowne]

congratulations!

[@bethdabrowski3370]

Awesome! Bet that feels ace

[@RyanJander]

Maxing out your roth is one of the best financial moves you can make

[@mamavonn]

Woot woot!!!

[@ricanboi310]

Congratulations on that! Seeing this is amazing and motivating! I'm currently working on my emergency fund and just opened my Roth Ira. How do you feel about your success now months later?

[@stephanieburgos8549]

Sent my last car payment today. I’ve already set up my saving bucket to start saving for my next car for when this one kicks rocks. Plan is to never finance a car again. Thanks Caleb.

[@CalebHammer]

Woo!

[@RyChOr2005]

Same here! We set aside estimated car payment amounts into a HYSA. We would much rather the interest going to us than the banks!

[@RyChOr2005]

@@jacksonbilly9979 If you know you will need to buy another car in the future, why not start budgeting for it? Just quick math, if you set aside $200 a month over 15 years you will have $36k to spend on a new car. Ideally you should be budgeting for all true expenses so you can minimize the times you have to dip into your emergency fund.

[@nickh3064]

Get a Toyota

[@jilliandicken617]

This stranger is proud of you!

[@katemckay4844]

PLEASE PUT YOUR TAXES AWAY!!! I'm 30 and going through bankruptcy because I started small and ended up growing and couldn't handle the taxes and was stupid!!! You got this dude!

[@tycameron3331]

Genuine question not being facetious. Did you have a CPA go through your taxes each year?

[@katemckay4844]

@tycameron3331 I did not. I kind of fell into the job I was doing and it took off quicker then I could imagine. And it's an excuse but I had zero clue how to run a business, I just knew how to clean (the business) so the paper work and financial side for screwed. Looking back I wish I would have hired a CPA right away, I just didn't know.

[@baconoftheark]

The older you get, you'll have to pay increasing amounts of taxes. Everyone should put money for taxes regardless of what state to live in.

[@olivias2836]

@@darkfarfetch3664he probably borrowed money to pay the past due taxes and then declared bankruptcy on that debt

[@claudia3539]

You started a business?

[@ImBrandonWade]

thank you Caleb! Proud to say that I’ve killed 3 credit cards since watching my first episode of financial audit 3 weeks ago

[@CalebHammer]

That’s what it’s all about right there! WOOO

[@thebackstageblonde2435]

Hopefully you repay ur girl for all those meals she helps u with while ur spending ur money on cards and weed… she deserves that much

[@ryutou-ki4dl]

@@thebackstageblonde2435 thats not the dude from this episode lol

[@IAmebAdger]

@@thebackstageblonde2435 Erm, this episode is very recent and OP said he started 3 weeks ago

[@BasedPhilosophyMom]

Congratulations!

[@ChaimS]

I'm 10 minutes in, and I'm soooo glad he said that, I've been thinking it for a while. That feeling of "I'm so far into it, what's the use in trying?" I think is the reason why most of the guests on this show are so deep in debt, especially the ones who can't articulate the reason. The mental drain on "why should I bother trying to be responsible when this will only add $1-$2 to my monthly minimum" is so hard to beat without a clear plan like what Caleb prescribes.

[@TheIronChainMaster]

That's poor people mentality right there. The more you think that way the more realistic it will be.

[@RyChOr2005]

Another common thought that goes hand in hand with the you mentioned is, "I'll make a lot more money in the future so I'll just pay it off then". Dangerous combo

[@ChaimS]

Oh yes, along with "I'll pay it off with my tax return."

[@katerina2234]

This is exactly how I've felt and racked up a LOT of debt. I'm slowly chipping away at it but it will still take me about another year to do so. Caleb's show has helped me stay motivated to tackle it though I do make small slip ups on my journey. Much respect for all guests who come on!

[@stephanienkurtz]

@@TheIronChainMaster Yeah, duh … but many poor people don’t have a good financial education, and that’s why they don’t have a clear plan like Caleb lays out. Which makes it more obvious how they’re ruining their futures vs. actually could get out of it.

[@catsarehellacute]

Seeing Caleb aggressively typing on the calculator and scribbling on his notebook is all the therapy I need

[@Judep4237]

The squeaky voice is like ASMR now 😂

[@catsarehellacute]

@@Judep4237 I fall asleep to that shit now

[@Aus10c]

If anything it flares up my PTSD

[@TaelurAlexis]

@@Judep4237Facts lol

[@jordanpugh5310]

@@Judep4237😂😮😅😅😅😅

[@DobbyDaHouseE1F]

Smoking reality away is so true. For some of us, what started as fun distraction slowly creeps into an everyday coping mechanism. It takes so long to realize how it affects your ambition and outlook on life. You just become ok with your current situation, never really changing anything or progressing year to year. It's such a waste of time, money, and potential. Hopefully Jeff can turn things around soon, I'm rooting for him!

[@Riggy931]

The sad part is that sometimes there’s little to nothing you can do for your situation. I’ve been smoking whilst not successful and felt like a loser and smoked the same amount whilst successful and felt a different way. I don’t think anyone has the answer for anything but self medicating is real for a reason. We live in not the best world sometimes.

[@dackerman123]

True for some. But weed is really not the issue -- its a deep rooted personality disorder. There are many very successful people who smoke/ingest weed.

[@martianproductions997]

@@dackerman123 True. I have a high school buddy who still smokes 24/7 but is somehow the president of a huge corporation. I wish I could do that ...

[@Norde_]

@@dackerman123weed is the problem. Worn elaborate

[@dackerman123]

@@Norde_ You're wrong. Weed doesn't just automatically turn you into a degenerate loser who can't manage money or live life.

[@alizackrone2995]

Tbh this guy is making me think i should convince my friends to come on the show. They’re engaged with both of their finances in the gutter and want to buy a house soon. I don’t seem to be getting through to him about how dire their situation is.

[@SnifferSock]

Pretty sure money is the #1 cause of divorce. One of them will wake up and it'll divide them or they'll remain oblivious until they realize they can never retire.

[@juditharsenault2131]

People don't get it until they feel the pain. They'll feel the pain eventually and hopefully change. Then there's the pain of getting out of debt- hard work and NOT spending. Denying yourself is hard but it gets easier and you get used to it. It's actually kind of fun fixing it, making due or do without . Like the Amish do. I wait and wait for things and it's exhilarating when they shows up! For free!

[@Foxobot]

My best friend last told me she has 15 dollars in her bank account. She has 5 kids and a mortgage! I couldn't imagine the stress that would cause me.

[@raycewiggins]

I feel like the vast majority of people need a financial audit because most people think that financial recklessness is normal.

[@TheAkumaChan]

I once had student loans and the immense amount of stress it placed on me was so shocking. I even had the money in the bank! I told myself never again. I'm sweating these days as my liquid assets dipped under 20k, I'm like, what if something bad happens?!?! I desperately want to sell some of my investments, and will do that as soon as I can. Legit I can't understand these people. I wouldn't be able to sleep.

[@ellisonjulian]

Caleb is the Gordon Ramsay of personal finance and I’m here for it

[@v5Clone]

Beef Wellington!? CREDIT CARD DEBT, DOOR DASH DOOR DASH, SEVEN ELEVEN DOOR DASH

[@Crabernacker]

WHERES THE EMERGENCY FUUUNNNDD YOU DONKEY

[@NannaP27]

"IT'S RAW"="TACQUITOSSSS".

[@alia1824]

Would probably eat all the food too

[@wjgranger5]

If Gordon Ramsay and Dave Ramsey had a kid.

[@caripillo5876]

I know this takes some discipline, but the best thing I ever did as an impulsive food spender was open a separate checking account at a separate bank that was ONLY for food spending - I send the weekly food budget over to that account and I can ONLY use that card for food spending. It definitely curbs impulse spending for me

[@lorijharman-runyan6433]

Love this idea! It could work for other things as well.

[@Boscaroscar]

I’m struggling with food rn too, overeating… overspending…

[@proud.delusion.enjoyer]

Thank you so much for this idea 😭☝🏻

[@suedefringe]

I use a pencil case with cash. I take the money and put it in the case. That's all I have. If there's money left over I can roll it over next week for "extra" stuff or for a night of take out. I'm toying with the idea of lowering the amount of money also so less chance of rollover. I told my boyfriend we have to reel in the take out ever other night. So this is what we do. Now we go food shopping once a week together.

[@lorijharman-runyan6433]

@@suedefringe I love this idea too!

[@TheRealMjb2k]

Mad props to this guy and his gal for coming on. That must have been an extremely hard discussion, I couldn’t imagine having my girl discuss publicly about my insecurities. Kudos guys, good luck.

[@Fleshlight_Reviewer]

Like my schlong size? 😢

[@TheGreatMandalore]

Yeah, she will leave him quite fast the moment a 30 yo Lawyer comes arouns

[@Bettersucksaul]

@@TheGreatMandaloregood for her honestly

[@Jarvitalize]

If he doesn’t get his stuff together, yes. If he pays off his debt and gets serious about saving and goal planning etc, he’s got a better shot

[@Bigguccisoos]

@@TheGreatMandalorenah women tend to love dudes like this, they think they can change em

[@skatergirl8019]

I know 2-3 years sounds like a lot, but at 24 you will still be young and debt free with good spending habits. Stay strong!! Keep your eyes on your future. You got this!

[@jbstrevel94]

Caleb! I need you to keep up the consistent posting. I start my second job today to pay my credit cards off and I’m gonna need the encouragement!

[@CalebHammer]

Ok!

[@jbstrevel94]

@@TheCreoleSon89 this is great advice. Thank you so much for taking the time to write me! 65 hours a week is what I’m aiming for, while still having an off day from both jobs. My full time job takes care of all my needs plus some, so this second job is strictly savings + debt payoff. I am scared I’m gonna be consumed by work, but also, I’m at the point where I’ll do anything to get this burden off. It’s time to be free.

[@kierstenbrowne]

@@TheCreoleSon89this!! when i grocery shop i immediately prep all my food. so all meals are quick and easy

[@Jarvitalize]

You’ve got this!

[@zackcinq-mars2129]

How's the CC payment going? You got this!

[@whitney_v]

Not putting aside for taxes as a contractor is the kiss of death. Getting hit with an IRS bill is a killer. Especially since the IRS can come at your life like no one else and make it miserable.

[@donaldlyons17]

Well but taxes are part of making money...... Does it make sense to make money and not pay much of it out?

[@chrishan9138]

Caleb is changing the definition of "I can afford it"

[@MisterNightfish]

To actually being able to afford it?

[@SnifferSock]

People like to think if they can "afford" the monthly payments, they can afford it. If you can truly afford something, you buy it cash. Houses are an exception.

[@marekgajewski4229]

Houses are not exception, we just need them too much to wait whole life to afford it

[@zackcinq-mars2129]

@@marekgajewski4229 Houses are the exception because the interest rates are much lower than credit card interests. (Cars are also somewhat an exception as long as you are not going for extra expensive cars).

[@Stuck_on_pause]

35k debt at 20 years old is so bad. Hes extremely lucky that he has the option to move back home and fix this in 2 years. Without that option it would be so much longer.

[@aran7teen]

Call me harsh, but it sounds like she needs to get away from him. She’s been with him since he was 15/16 and now he owes her $1600. She wisely said that she’s not willing to combine her finances with his, but by lending him money she’s already taken a step on that path. Plus, he’s not going to be ready for her, by her own standards, for almost 3 years. She’s in limbo for 3 years, and the end result is not even guaranteed, in fact, you could say fairly doubtful. He seems to be a nice enough guy, but I can’t be the only one thinking she should live her own life and leave him to sort himself out.

[@garysanders6091]

Sometimes women mature faster than men. My girlfriend supported me for a year+ while I was an unemployed loser. Now we have two kids and she can be a stay at home mom while I work and support all of them. She needs to invest her time and emotions into someone who has good potential. Ambition, discipline, kindness, passion.

[@EverybodysEnoch]

Terrifying how a few bad pitfalls like losing your job can so quickly spiral into a hole you feel you can’t get out of.

[@Draggonny]

This is how most people live. As much as financial experts say that you should have a 3-6 month emergency fund, most people don't even have 1 month's bills as a safety net. Late payment fees and overdraft fees mean that you quickly go into a debt spiral if you don't have savings to fall back on. Any unexpected bill, job loss, illness, injury or bereavement can throw your entire financial future into chaos. The experts are right about being prepared for the unexpected but that is super difficult right now with stagnating wages and a cost of living crisis.

[@jamesross160]

​@Jake38nine if they lay people off, a company typically pays more to unemployment insurance, and the workers collect unemployment insurance or severance. Also a 100 million doesn't go that far. Let's say a company has 10,000 employees, multiply by 2000 hours and you get 20 million, that leaves about 5 dollars an hour per employee. Still better than nothing.

[@strangevisions5162]

smoking weed sure doesn't help

[@skeaton]

@@Jake38nine absolutely flawed. 1) regardless of firing or lay off - unemployment collections are applicable. 2) wealth empires are also our opportunities to build too and Robin Hooding the rich for the sole purpose of *giving* their money to people who can’t manage theirs is not an answer.

[@riverdaletales8457]

That’s why it’s really important to have at least 3 month emergency fund! Losing your job is not that that big of a deal If you have 6 month emergency fund or even 3.

[@L0wSkiller]

Caleb since I've started watching you I've dealt with 2 credit cards, and started using them to my advantage! It really was just as easy as writing down where things needed to go. 9k in debt gone since i started watching you, and am now on my way to a better life! Thank you for everything you've done for your community!

[@luisasterioquerubin6829]

Frugality will help.

[@daniellenunez185]

At least this kid is here and trying. I wasn’t responsible enough to try at 19. At 42, I’m proud of him for trying and pray for him to put the weed away and get life right at this point. He will be light years ahead of most 20 year olds.

[@turtleanton6539]

Very real😊

[@arianekelly2633]

Right? I did a lot of dumb stuff at 20. And shaped up as i got more literate.

[@Elementalism]

It is scary and sad how unprepared many people are in this society to deal with finances.

[@ScarletBrimstone]

It's because they are never educated on finances by their parents. My 10yr old wants to start a business and asked me about what she should focus on. We talked about the money aspect, partnership potentials, contracts, profit margins, etc. She really got excited about it.

[@kinglasher84]

Credit cards are an easy trap

[@ScarletBrimstone]

@@kinglasher84 only if you don't consider the consequences. Secured credit cards are good for beginners, because the money is already there backing it. Typically you want to keep your credit card use under 30% and have them paid off every month before you're billed for it(you avoid interest that way).

[@lindajohnson.]

You are so correct. How do you not have any idea the interest rates you are paying. I know he is young and immature. If 😅I was this young woman I would run, quickly! 😢 With his salary lower it will take years to get out of debt and hopefully break his bad expensive habits.😢

[@AceRanger20]

@@lindajohnson.although I can definitely see that perspective, he is still young so mistakes are bound to happen. It’s a good sign that he had enough awareness about his situation that he came on the show. He doesn’t make a good amount after tax, but there’s still plenty of time to increase that. His situation can be fixed, and how he addresses it from here should determine how she looks at the relationship

[@jamesd9709]

Poor guy hit a rough patch. He’s still young can still recover. Perfect candidate for this audit

[@dylanmooney3221]

the laugh track was top tier by your editor lol But that takes some serious accountablilty for a 20 year old to admit to that. props.

[@BasedPhilosophyMom]

😂 I was wondering what that was! I thought I had something playing in the background by accident!😂

[@James-km1tb]

I'm in my 20s and ive been dealing with a online gambling addiction for the past 3 years now, every paycheck that would come in i would instantly waste on gambling. Since i live with my parents i dont have any expenses luckily but i just couldnt take it anymore not being able to save my money and quit the addiction. Ever since ive started watching your video's i started to realise that i really have to quit and start saving if i want to get somewhere in life. Due to that ive now been able to save up about 10K now which i know is not alot but its a start. I just wanted to thank you Caleb for what you do!

[@KimJilene]

So glad you quit - gambling is a beast of an addiction. I recently quit gambling too. I am 20 years older than you, and it really just ruined my life. Happy you kicked it while you are still young.

[@luisasterioquerubin6829]

Gambling is a beast.

[@janegarnham]

I know some one who also was able to pay off the gambling debts and save afterwards 150k in 5 years . Keep going you can be a success.

[@Jenny-fw6yq]

The reason he had a $30 charge was not because he was over the limit, it was because he had a return check charge of $30. It was at the top of the page that you showed.

[@1323GamerTV]

What about the hundreds of dollars of weed a month in the thousands and door dash? What’s the reason for that?

[@alexguinn1130]

@@1323GamerTVI’m not sure your point here? He is explaining what specifically that charge was not someone’s spending habits? Please read comments before responding to them.

[@Jenny-fw6yq]

I wasn't trying to excuse him having the fee, I only meant that it is a different conversation.

[@MrMikeDao]

@@1323GamerTVwhat does that have to do with the charge?

[@B.V.Luminous]

​@@MrMikeDaoit has everything to do with the bounced check. He is spending money he DOES NOT HAVE on WEED at 19, and instead of cooking at home WHILE NOT MAKING ANY MONEY, he used debt for door dash. He stayed broke, bounced, and those are all part of the blame. Addiction. Yes, you can be addicted to weed. It's worse when you aren't responsible.

[@reefshadow1]

He's probably misclassified according to the IRS rules. It's a common way for cheapo businesses to dodge taxes (social security/medicare) and no benefits. Protip- if you have a boss, if you're given mandatory hours, if you didn't write a bid, if you aren't providing your own tools and/or expertise- you are probably misclassified. There are remedies if this is the case, the IRS will look at the totality of the evidence and rule whether you're a contracted employee or not. The odds of this guy not having a boss, getting to make his own hours, writing a bid, and going into the job with expertise are NILL. No taxes being paid and no benefits means this particular job at the pay he detailed is crap.

[@mayapoyer3264]

I’ve been watching Caleb for about a month now and my spending has gotten way better. My husband appreciates it so much. We always say “what would Caleb say?” When we want something unnecessary. 😂

[@caitii_sux]

WWCD 😂😂

[@yourancientancestor]

I hear his voice in my head when I'm debating whether to buy something going "taquitos coffee taquitos snacks taquitos WHYYY NO we are NOT DOING THIS"

[@Alexis-ec9cl]

My brother and I do the same thing haha

[@magnawaves]

I bet there's a lot of "NO! FUCK YOU! TAQUITOS!" in these conversations, because I know that's what he says in my head and I've never even had taquitos lmao

[@scufflemuffin8892]

It always surprises me how often people don't account for taxes when freelancing or otherwise self-employed. Really hoping the wake up call Caleb gave Jeff helps him correct course now while he's young and the debt he's in has minimal damage to his overall future. It seems like he's able to get a good income going, so if he can manage his spending properly he should be set up for a good life. He also has family that seems prepared to be supportive, hopefully he realizes how lucky he is to have that to fall back on.

[@mikegoddard263]

I mean it's the whole reason withholding exists. Almost everyone who screw up managing their taxes given the oppertunity

[@reefshadow1]

He's probably misclassified according to the IRS rules. It's a common way for cheapo businesses to dodge taxes (social security/medicare) and no benefits. Protip- if you have a boss, if you're given mandatory hours, if you didn't write a bid, if you aren't providing your own tools and/or expertise- you are probably misclassified. There are remedies if this is the case, the IRS will look at the totality of the evidence and rule whether you're a contracted employee or not. The odds of this guy not having a boss, getting to make his own hours, writing a bid, and going into the job with expertise are NILL. No taxes being paid and no benefits means this particular job at the pay he detailed is crap.

[@okgroomer1966]

Most just never file. I know many 1099 people making under 100k that haven't filed in many years.

[@reefshadow1]

@@okgroomer1966 They're playing with fire, because it's the *business* that files the 1099. There's almost no case in which a business wouldn't file, because wages are an expense that they can deduct. Unless they're hiring illegals for really cheap and calling it a "1099 contracted position" then not filing.

[@aciv132]

The joint operation laugh track sequence has me dead. Best show on YT, thanks Caleb

[@longwell44]

I would love it if Caleb kept a running tally of debts/capital on the screen with breakdown of where the money is as it easy to lose the full picture of their net worth as the episode progresses. Right now it just pops up from time-to-time showing the total debts.

[@alia1824]

Can’t do math anymore grandpa?

[@robluc86]

@@alia1824people don’t want to have to keep notes watching a podcast.

[@bellla333]

@@alia1824lol in this society? nah they only teach pronouns in school😂

[@leahcarnevale7340]

​@@bellla333yeah, a person can only know how to count or how to be an empathetic and respectful person. Your username and that dumbfk comment show which one you are 🙂

[@bellla333]

@@leahcarnevale7340 and by your comment you sound like a very judgmental person infected with the mind eating woke virus!😂😬

[@Dammittdannyy]

I was pretty much exactly like this guy at his age, I hope he turns it around a lot quicker than I did. It took me until I was 27 to finally start caring again, and I’m still not completely out of the hole I put myself in, but I can see the light at the end of the tunnel now. I hope we get a follow up video and he’s doing better.

[@nathanielmurphy2731]

Same it’s like looking in a mirror, I was saved by having a job that required travel (no use on the road) at 25 & high enough income to cover up the issue. I didn’t ever realize the extent of the issue until now

[@deborahjackson6108]

I paid off my car and my credit card and now working on back taxes. I watch my bank account every day. So proud of myself. Finally got my husband on board with paying down debt. It took awhile though. He wasn’t in it to win it at first. Now that he is seeing I paid off my car and cc, he’s more into it.

[@luisasterioquerubin6829]

Just a little incremental step helps.

[@mck421]

I was addicted to weed. Lots of people think its a joke and yes its not as bad as other drugs, but it was an addiction. I was spending like $200 a month on it and just like this guy i would get high and order grubhub. It was so bad for my bank account and health. I wish the best for you dude!

[@checkers7730]

No joke for sure man. It’s a comfort level/dopamine hit. Can only hope I spent $200 a month never wanted to do the math. But nothing felt better than heading into the weekend with a bag full of weed. 2 years completely sober now. Don’t even drink. Saved me so much money.

[@drainel9707]

200 a month?? U are either getting ripped off or smoking heroix amounts

[@gasosek]

Did the same exact thing, easily $200 a month at least. Tried stopping constantly but the withdrawals were pretty annoying. Not even extremely painful just slightly uncomfortable enough where I would always go back. Been off for a month now and have 0 urge to use again. I thank the Lord I’m not a drinker as well

[@base173]

This has been one of my favorite episodes. Proud of him for having the courage and accountability to show up and go through everything and talking about his weed addiction as I have one as well and it is not easy to quit! I wish him the best of luck.

[@loriej9297]

Ummm, he said he's going to Argentina for Christmas. A quick check of flights from Houston to Buenos Aires shows the cheapest flight (traveling from Wednesday to Wednesday, cheaper days to fly) is $1952. Add to that meals in the airports, entertainment/meals while there, and a week of not working a job that doesn't have PTO this feels like at least a $4000 hit, most of it on a credit card with high interest. I might have advised he not plan to go to Argentina - instead of just focusing on his desire not to be high the whole time he's there.

[@Coolbeanzies124]

maybe its just my age, but i find the audits with people 30 or older so much more interesting and valuable.

[@alia1824]

You’re old, probably wrinkly 😢

[@Nemanjaftn]

I find that to be the case too, and I guess its because people over 30 start to be more stable, structured and developed in their life/work situations while with younger guests it can really go either way much more quicky.

[@momsspaghetti4504]

As a young guy i like the young ones shows me what not to do

[@jerrycamonjr.9594]

Yes I’m in the same boat. It’s more relatable

[@patrick315]

Good news is there’s diversity in the guests and numerous episodes a week.

[@deborahjackson6108]

Girl, if you were my daughter, there is no way I’d be okay with you dating this guy. Wanna be just friends, fine but hey, if he doesn’t get his act together and you keep pushing forward in this relationship, it could end badly for you.

[@Platothedog]

Hopefully they use protection

[@philrab]

Shows like this make many realize what a blessing it is to have little to no debt.

[@kiaharper7172]

Definitely keeps you in line 😅

[@adamloos9869]

There is absolutely no way he should be classified as an independent contractor. They need to be reported to the DoL

[@user-bi2kf1ns8u]

agreed. sketchy AF

[@arh1234]

Unfortunately very common in medical-adjacent fields.

[@loriej9297]

I'm curious about that. What makes it sketchy? I have no knowledge of rules/norms surrounding being a contractor vs. employee.

[@Thaxannadrote]

Definitely sketchy, but it really kinda depends on how they're running it. If they're scheduling people then it should absolutely not be a contractor position. If they just put out a notice to everyone when nights are available and they have to choose to take a shift then it really kinda is a contractor position. I'd love to know what the company does if none of the "contractors" choose to pick up a shift. Do they just reschedule everyone having a test done that night? Do they have actual W-2 employees that have to fill those shifts? Like I said, definitely sketchy, but I can see the logic behind how they got to the point in just having "contractors" that keep an eye on things overnight.

[@AceRanger20]

Him being an independent contractor is probably due to him originally being part time, most places I’m aware of 1099 part time workers since they aren’t going to be paying benefits for the worker. This unfortunately makes them have to pay taxes themselves at the end. He just went full time with it so there might be a change in how that’s handled since he should be eligible for benefits

[@Dis_is_fine]

The mental addiction to weed is definitely a thing. When you’re stressed or anxious it’s much easier to just take a puff to make “all your problems go away” than actually facing them…

[@Riggy931]

Weed is actually medicine tho. Using weed to lessen your anxiety is actually a legitimate way to make it go away. Of course, if your anxiety has a core reason behind it that’s you’re not addressing because you’re getting high then that’s toxic. But sometimes people can’t change the things giving them anxiety, or their brain is just anxious for little to no reason. It’s important to call out bad habits but weed can also be used for good by many people.

[@rebeccashields9626]

⁠@@Riggy931no, it’s not. Just like drinking for anxiety or Xanax for anxiety it does not treat the problem it just masks the symptoms. “Anxiety” is a normal human emotion and experience and is generally a warning sign for something not working in your life. When your body overreacts and you are anxious about things you don’t need to be there are actual evidence bars therapies for that. Exposure therapy, exercise, cognitive behavioral therapy, etc. Not weed or alcohol or benzos.

[@Riggy931]

@@rebeccashields9626 anxiety is not as simple as you’re making it. People have chemical imbalances and you can be perfectly content with the facts of your life and still have crippling anxiety. I’m not denying that weed is masking or helping deal with it instead of fixing it. But if you constantly have it and there’s a way to resolve it then yes it’s medicine. And alcohol isn’t as good to deal with anxiety. Not all drugs are made equal and there are actual valid uses for some.

[@patricec.2957]

USA in all its glory, you're 20 and can't drink a beer, but you can have 4 credit cards and a car loan. what is wrong with this country?

[@jeffyboi6969]

shut up and go to another one.

[@zainabomer7511]

You can also go to war and die at 18

[@arh1234]

I don't think having a lower legal drinking age would help in this scenario.

[@patricec.2957]

@@wordsalad01 I don't know many 20-year-olds with a credit card or car loan in Europe. And I don't think young Europeans are any more lazy than young Americans, the only difference is that they don't have to work 60 hours a week just to survive.

[@patricec.2957]

@@arh1234 I'm just pointing out the aberration of the USA

[@brandonchavez9931]

I loved how he was very jokingly about his finances and then the second caleb brought up his girlfriend and how she would not be married to him if he was still like this and he immediately was hurt and stopped making jokes is QUALITY

[@janebaker4912]

She shouldn't marry him. She shouldn't even date him. He's a child pretending.

[@Orcedify]

$350 a month for car insurance is the highest i've ever heard of for a single car that is under $30k...

[@catgrrr1]

That’s what I was thinking. I think he needs to talk to his stepdad about that or just go off his parents and get his own insurance.

[@bodonkadonk2160]

It's insane, my 40k truck costs 58 a month to insure

[@nakian5316]

Hyundai and Kias have gotten insane to insure because of how easy they were to steal. My Elantras insurance skyrocketed and its not even an affected model for being stolen.

[@tayscreations3538]

I’m 21 with one ticket and accident currently on my record and I have to pay 350/month for full coverage on my Audi

[@TheOneTheyCallTim]

Males under 25 get screwed in Texas. Highest rates.

[@joeysand2205]

This show has really showed me that your parents and how your grew up is THE biggest factor to your financial success. If I told my dad I bought a KIA at 8% interest there's no way that car doesn't get brought back lol. The 8% Is bad enough, but to buy a one of the most overpriced car brands than depreciates the worst is wild at 19 years old is crazy. I bought a 2016 Jetta that was around 5 years old, 4% interest, 40k miles for 13k and still didn't feel right lol. For any young people, the first car you finance can make or break you. If you can't afford it don't buy it. No reason to have a car over 15k when you're 20 years old.

[@Foxobot]

My father was a mechanic and he would be baffled if I bought a car from a company lot with money I didn't have. I grew up riding in cars my father paid the crush value for and fixed himself. When it cost more to fix than it was worth, he would then send it to the scrap yard and get some money back for the metal. I remember we had a 90s grey Toyota he paid 500 for that lasted over 6 years. Toyota is a manufacturer I trust and I have a reliable good condition 2007 corolla.

[@DelgutCyber]

Guest: “I’m turning 21 in a few days!😃….” Caleb “😒….thrilling.” You can sense the disappointment in his voice😂

[@samanthaw.861]

It’s like “Yayyyy you can now use your money to buy booze” lol

[@thunderb00m]

Bombastic side eye

[@Ebiru2387]

The editor's close-up had me rolling.

[@HarlequinMTL]

"I'm turning 21 in a few days." "We've been dating for 5 years." Makes me wonder how old that girlfriend is, and if they've ever even dated other people...

[@Dayxpxp]

Caleb is a whole ass vibe and I'm here for it. He's my favorite angry sad boy ever and I couldn't be happier 🫶✨💕

[@DiamondHead2010]

Facing your situation is one of the toughest things to do. A lot of people would rather put their resources in avoiding or coping Rooting for this guy to handle this

[@TrustedTexan]

Please never stop making audits :)

[@djs2182]

Definitely think therapy is a good idea. This guy mentioned a few hypomanic symptoms like racing thoughts, difficulty sleeping, feeling hyper or difficulty winding down, ability to work long hours without issue, reckless spending, and over utilizing unhealthy coping tools like weed.

[@KitKat10281]

I was thinking the same thing

[@t1natr0n]

Whenever I have a craving for some type of fast food I just watch an episode of Financial Audit and that curb stomps that craving real quick 😅

[@timborski1210]

Insane that so many people waste $$ on food delivery and eating out.

[@alia1824]

Says the boomer who can’t even order food delivery 😢

[@alephnaught8343]

im probably younger than you and I say it's insane how much people waste on food delivery and eating out and DRUGS.@@alia1824

[@Xxpianoplayerx]

Exactly. It's not even good!

[@Anthony-ni8wd]

Doordashing McDonald’s is absolutely insane

[@MsSarahJam]

Thanks for such commitment to the regular video uploads Caleb. I've been gaining such a lot from watching your channel since the beginning of July. I'd really like to encourage others to support the channel through coffee donations if they're able to. I think we'd all be a little poorer if this channel didn't exist.

[@StephenIC]

Kind of weird to be trying to fundraise for Caleb as if he needs the money lol. Of course it's your right to buy him a coffee if you want, but I don't see why anyone else should.

[@knightfox4121]

@@StephenICPeople like you are the problem. Is it so difficult to appreciate the kindness and generosity of others?

[@Nemenvagyokna]

@@bluesh0es the UK has pensions, has free healthcare, etc...don t be so....nasty

[@AceRanger20]

@@knightfox4121I think the issue being taken here is encouraging others to do the same, not being generous with money. The channel is basically built on helping people get out of bad financial situations, and is often watched by people that are in similar situations or aren’t great with money. It’s almost like encouraging an AA meeting to take a sip of whiskey to celebrate someone’s birthday… not a good idea

[@mstraction]

Are you from the UK...it's amazing the reach this youtube channel has.

[@bianconerointheus6692]

"Are you high right now?" "No" "Just asking 'cause your eyes are red" "I'm sorry..." LMAO

[@kevinniemerg7539]

Caleb - awesome show. Keep spreading the word. I work hard to get the message across to my kids and their friends. Wish I had the reach you do! Keep taking advantage of it. These folks need your help.

[@Waynecade]

I’ve paid 1 card off so far. Income around $6,000 a month after taxes. No excuses for my debt. Love the channel! My wife is probably tired of hearing your comments because we no longer eat out on credit 🎉😂

[@dm96177]

This is such a good example of how living off debt and being negligent can create such a difficult path/cause people to have a hard time to get ahead in life! Please help yourself dude!

[@razup2323]

His underperforming and job loss is directly attributed to his weed issue.

[@lizzytwinmom8351]

This story is sounding so similar to my own when I was his age- moving out before financially ready, not setting aside money for taxes, and a slew of consumer/personal debt. I was actually in worse shape with over 50K in debt by age 22. I moved back home, changed jobs AND took on a 2nd job to fix my situation. I hope he’s doing better now because it is doable. My goal was to be out of debt before I got married and I did it! Now I’m 40 with no debt but the mortgage, 800+ credit score and a 1.5M net worth. Not saying this to brag but to encourage. Things can turn around!

[@tahu300]

This guy needs to do everything you’re saying and more. He needs to work more hours, he probably should get a cheaper car because insurance is killing him too. Also, he needs structures of accountability for his addictions. He needs his girlfriend and parents to hold him accountable for finances and addictions. I think this guy can work is tail off and kick this out of his life in a year and move out and move on with getting married and stuff. Please Jeff, do all of these and don’t let this stuff linger in your life, it’s worth it to sacrifice today!

[@benfreebanks]

There's so many good things about your content. Not only are you helping those on your show and those that currently watch. This content will be around for a long time to come for generations to come. They should do better at teaching this at school! Thank you for your service Caleb!

[@BigTummyAche]

lol I love how good Caleb is at asking questions he already knows the answer to.

[@cinemafinatic97]

So awesome to see this episode and kudos to Jeff for coming on. Take your mental health seriously dude. There’s so many conditions that get exasperated by financial stress and nicotine/weed use (not to say you can partake sometimes) but taking that step for yourself can make a world of difference. Can’t wait to see you back in a few months

[@jakealexander6046]

I applaud the couple in this video. i see a lot of honesty which is the start of change and authenticity. I’m rooting for you guys. I hope these types of content reach more people and change our habits.

[@KaySwiss21]

I've watched a lot of these episodes, and i hope this guy actually digs himself out of debt more than anyone else

[@jamestalley7357]

Caleb's yelling has been in both my dreams and nightmares as of late.

[@dakotashowman8133]

Hi Caleb! Just want to say that I paid off my car today after hearing your guidance regarding paying interest. I just didnt do the math to see how bad it was. Thank you for your incredible advice :)

[@kelseyd9988]

Caleb, it would be interesting to see the expenses add up as a bar graph relative to the monthly income so we can visualize that gap that leads to the debt!

[@razup2323]

I appreciate Caleb addressing the vaping/weed addictive abilities. Thank you

[@herdenq]

I’m rooting for you, Jeff!

[@curryvictim1697]

I like how Caleb is getting more realistic with people as he grows. Great show

[@adriennecruz3843]

Loved it when the girlfriend took his seat. Dramatic moment.

[@revinaque1342]

Just a bit of encouragement... 2 years 9 months to get out of almost 40k in debt would be AMAZING 😊 You can do it! You'll be 23 and debt free. It'll be worth it 👍

[@AnalyticalMenace]

TIL that you can apparently spend more than the given credit limit on a cc. I have legitimately *never* done this my entire 4+ decades of existence. I can't even imagine how this guy sleeps at night with this kind of debt looming overhead.

[@AceRanger20]

I’ve done this by accident, I had just moved and was needing to buy furniture. I had plenty of room on my CCs since I keep them paid off but I had somehow swapped my cards and grabbed the wrong one. They all look exactly the same, but one of them has a max limit around 1/30th of the others. Had a partial payment go through and got really confused, until I noticed the numbers on it and it had charged 110% of my credit limit on the card. Paid it off immediately and charged the rest to another card, so that’s how I learned about it and the upper limit

[@HaveANiceTrip02]

I moved out at 18 with a small suitcase and no family support... i am currently 21 and debt free...Doller tree and Aldis can be your best friend...i find it hard to sympathize with this 20 year old...ive lost jobs but always called places and interviewed within the next 3 weeks...and im not financially stable and i dont have a emergency fund but ive only ever used debit.....credit cards are evil..also you can always rent a room in a shared living space...and walk, bike, or scooter if your job is near by....i used to live 1.5 miles from the my local mall..... you can totally move out young and not take on debt just use basic logic and avoid fast food places ...highly recommend thrifting your clothes as well ✌️🔥☮️ i beleive in yall

[@alia1824]

Lol your family Didn’t love you. Probably could give a damn which is sad 😢

[@HaveANiceTrip02]

@@alia1824 we are all fine now. I still dont live with them but i got home and visit and we go out to eat

[@ReddingRed]

She's too intelligent for him. She can do better. This guy just said that the most important thing to work on is his finances when she WANTS him to stop smoking dope. How is that not enough to cause him to break the habit? He was fired because his "head wasn't in it" but I think he was more worried about his poor habits than actually...ummm...what do the kids call it...adulting? I truly hope that she realizes that she's wasting time with him and that she should cut him loose. Twenty will be 30 in the blink of an eye. I get the feeling he's waiting for her to get her degree and start her career so that she can be the primary breadwinner.

[@catgrrr1]

I agree. I personally think he should pay her back in month 1 and then start the rest of his debt. That way she won’t be stuck to him.

[@ReddingRed]

@@catgrrr1 You outdid my thinking on this! I forgot he owed her money, AND YET he continues to spend money getting high which is a slap to both sides of her face.

[@Username0467]

She's giving "A" student, student council. He's giving barely Cs. You can do so much better.

[@AceRanger20]

@@Username0467grades don’t mean much when you’re talking about intelligence or success, I graduated college with a 2.5 GPA and bought a house by myself after working for 3.5 years

[@mrECisME]

Gotta do what you gotta do to until you get that green card.

[@abbyoneill4473]

Congrats on 750k subscribers, Caleb and team!! It is well deserved! Thanks for the consistently incredible content. 🙌🏻🙌🏻

[@Ebiru2387]

A credit score only helps when you need to finance a purchase (purchase a home, rent, take out a loan). Otherwise it does NOTHING for you.

[@danielbaele]

Hey Caleb, huge huge fan of your videos, been watching about a month now as a 30 year old trying to make sure I stay on track for my future. I really appreciate what you do for people and being able to share for everybody who is watching. I wanted to share my experience with quitting vaping; it was a heavy addiction that ate into a lot of my finances every week. Currently I'm on week 6 of Nicorette gum and am looking at being completely nicotine/vape free within another 2-3 weeks. So far I have spent only $130 on the gum packs which has sustained the cessation for the full period and will get me to about 2 months of usage, which I believe will be enough for me to quit completely. I have very addictive tendencies but this regimen has really helped me get off the bad habits and I highly recommend this way of quitting to anybody who struggles to get themselves off Nicotine. I just wanted to share as I have seen a few of your guests sharing the same issues with quitting such a strong addictive substance. I just hope to inspire others and share a way of actually being successful in quitting for both health and financial reasons. Peace and health to all out there

[@2abrielle]

You got this! Wish you all the best

[@bellla333]

im 21 and just hit 6 months vape free, its hard but it is possible!!!! take it day by day, hour by hour, you got this.

[@baviation1872]

This guy really “doesn’t want” to borrow thousands from family members but then he gets DoorDash and fast food CONSTANTLY as if it’s more important than being a liability to your loved ones!

[@lifewithsulmy7504]

When I started paying off debt I paid off family (my parents) first to avoid that dread and guilt every time I saw them. They weren't asking about it but I knew and that was enough.

[@shadowfre4k]

He's such a young lad. I'd love to see the follow up on this one

[@livelife4cookies]

One thing about these videos I’m gonna learn something new every time. I’ve never even heard of a sleep technician and now I’m gonna look into how to become one

[@SimplySaraReads]

I think when he said, “idk I guess I’d have more money to pay it off.” I felt that in my soul it’s heartbreaking to look at what you’ve done. I’m currently swallowing that pill 😢

[@Labrli]

Caleb went into his falsetto rather early 😀😅🫣

[@tatebrown5733]

LOVING the content Mr. Hammer. I was wondering if you've considered talking interest costs to the guests ie:"you spent 500 bucks on food and that was a fine price? Ok. But because of your interest it is costing$700!!" I wonder if most people don't understand the extra directly makes their taquitos cost EVEN MORE

[@victoriamacgregor9280]

I’ve paid off a $5000 credit card in 3 months by working an extra job and I have another $6000 card that I’m starting on now. Please keep posting I want this card paid off by the end of the year. I’m cooking everything at home and cut all my subscriptions. Thank you

[@ShutItDownnn]

I applaud him for coming on the show being so young. He had a life event that changed his trajectory but I think he’ll be able to get out of it if he sticks to a plan. His girlfriend is also solid for sticking with him thru this time. I wish them the best in their relationship.

[@lwrcica5]

It's better to do this now than later bro. Respect on that.

[@Ant-dw2uy]

Good luck young man. I hope for the sake of your relationship you figure this all out in less than 2 years.

[@olives2025]

Was counting down for this one!! Wooo Monday Audit!!!!!

[@Fromros]

Paid off my $22k car today after a 72 month finance and on 8.7% interest using the money I use to struggle to pay on the car to save and put money aside

[@bethjohnson5730]

As a parent, I would require him to see a therapist regularly if he was living with me. Nice young guy needs some help.

[@heathergray9195]

Or AA or NA, and them AlAnon. By them expecting NO contribution for him living there is enabling him.

[@brendayoung2317]

Young man, take it from an old head... learn this lesson now. Take the steps Caleb is giving you. You can turn this around. You will get through this... just take those steps to enjoy the rest of your young life. Wishing you the best.

[@alleykeosheyan4779]

Yup... my retirement went up in smoke to the tune of $600-800/month for ~20 years (ex-husband and I). He needs to quit NOW!

[@donaldlyons17]

Well no it will depend on what happens/ does not happen later too. Cheap and effective choices only effect so much and they can't fix all problems.

[@laurelharper123]

Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favorable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich

[@StellaMaris-lv2uq]

I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience since the 08' crash

[@maryHenokNft]

Yes true, I have been in touch with a financial advisor. With an initial starting reserve off $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

[@maggysterling33254]

@@maryHenokNft I find this intriguing. Could you please provide me with the means to get in touch with your Adviser? I am concerned about my dwindling portfolio.

[@maryHenokNft]

I receive financial advice from *Mary Onita Wier* a well-qualified and well-established wealth counselor headquartered in California. Her basic information can probably be found online.

[@BiancaSherly-qt6sb]

Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.

[@smith9157]

I was high everyday all day for about 4 years, currently 4 months sober in therapy so we don't fall back into the lifestyle, you can get there mate just takes one day at a time. Discipline is a muscle that needs to be flexed to get bigger