$769 In Minimum Debt Payments At 22 Is INSANE| Financial Audit

[@CalebHammer]

Get qualified for a better job and increase your income: coursecareers.com/calebhammer and use code HAMMER50 to get $50 off the full course.

[@weeeeehhhhh]

I have to give massive credit to Caleb and other finance KZbinrs. Our parents grew up not knowing ANY of this. If you didn't learn it in school, you didn't learn it at all. Or you had to pay professionals for the same advice. It's amazing how quickly money accumulates once you have your spending under control and once you're aware of good debt vs bad debt. .

[@ShakaShinePressureWashing]

Caleb how do I get in the show. See my other comment in the comment section 👀

[@chrisbouchard4780]

You need to do more shows with couples and fix both credits and teach them both

[@chrisbouchard4780]

So many of your videos the person used the partner as excuse

[@vishwasprasanna9857]

Caleb, I don't know if you and others here are aware of a free app called Splitwise that is very helpful to maintain and track household expenses among shared household situations.

[@bilalbedawi1905]

Hey everyone, I want to clarify some things that weren't really clear in the video. The debt is not all mine. Yes, it's under my name. After I and my gf lost our 2 y/o in December she shut down and I took over the finaces for both of us. The car loan is for her car because her previous car died, the emergency dental work was also for her. So we are working on paying of the debt together. So it's not just my income going towards it, it's hers too and she makes more than I do. So we have a solid plan to have it paid off by the end of the year.

[@eliseg0001]

Props to you for coming on and sharing your story! Wishing you both the best

[@jonathanbrutt]

Bilal, I'm so sorry. I lost a 3 month old and it was the worst thing... the worst. Definitely want the best for you guys and it will be amazing to see you succeed.

[@annle3470]

I’m so sorry for your lost. Can’t even imagine the pain that you both are going through. Thanks for sharing your story. Wishing you both all the best!

[@lat7324]

If it’s in your name… it’s your loan regardless of who or what it is for.

[@dylanairmet3676]

Best of luck man, you guys got this and deserve to be debt free!

[@Pandefly]

Honestly I can’t even fault this guy for the debt. He and his gf went through one of the worst things a person can go through so it’s not surprising they weren’t thinking about the finances for a while. It sounds like they’re getting back on their feet now though, so hopefully things get better for them from here on out!

[@TheShmoodled]

The fact that he came to the show means he hasn’t given up and he wants their finances to be better so very strong for sure

[@latashabrown1053]

I feel like this audit should’ve been done a little differently. The fact that he and his gf haven’t been working clearly explains why they were using the credit cards. I can’t imagine losing one of my kids but I can tell you that cooking probably wouldn’t be very high on my list of things. I wish them the best of luck going forward

[@Inlalasland]

This one was a little bit harder to watch. I think that him and his girlfriend losing their child put them both in an unhealthy mental state and because of that they were spending money to help them get through it. I feel like that’s being overlooked. Wishing them both the best and if they decide to get married it would be best for combining finances.

[@bilalbedawi1905]

It is. Alot of our spending was from not being in the best mental state. But we both seemed counseling and cut back, clearly not enough lol. But we are making progress. And now with being back to work and getting paid our full pay. It should make it easier.

[@hopscotch5872]

@@bilalbedawi1905 I'm sorry for your loss and wishing you the best. You are one of the most responsible people on this show, so I have confidence in your ability to get out of this.

[@loriej9297]

@@bilalbedawi1905 I'm glad you're both back to work. I bet occupying your mind and your hands helps. Can you clarify...I believe you said at the beginning of the video this was your girlfriend's child, not yours. I'm curious, were you covered under FMLA as someone unrelated to the child? I'm not up to speed on who all benefits from FMLA in a situation such as this.

[@bilalbedawi1905]

@@loriej9297 I didn’t apply for an fmla I applied for a medical loa (leave of absence) the reason being my mental health

[@bbstroup2040]

In some ways I wish he had waited some more months before coming on the show. There is a phenomenon where people do grief spending after a loss. It isn't cognitively done, it's a psychological reaction. I have been there myself. I got into the worst debt of my life after a big loss. It's hard to stop. It's not a great idea to come on and get yelled at right after this period. They maybe should have stayed in therapy a bit longer and worked on the grief spending there.

[@MsAstroBanan]

Agreed

[@roxywyndham]

Awwww super sad 😢

[@jamiegallupe9875]

Very true. That’s the reason I took out so much student loan debt. It was grief fueled and I wasn’t able to consider the big picture.

[@giantfatberg]

Losing a child will make parents want to not even exist, much less carry on with good financial habits. It is every parent’s worst nightmare. I think you two are incredible for at least keeping your head above water during that time. I’m so sorry for you loss and I wish nothing but the best for you both

[@DevHazy]

Same

[@joshrayner7167]

Agreed

[@simlife445]

and for decades its math.... use math... stfu or use math... either a parent burys a kid or a prent burys a adult low lvl math its bad in ANY situation

[@ladyxp1]

Agreed

[@jvall5879]

Yeah, let this woman crochet she’s probably just doing it to keep her mind busy 😪

[@amandamw222]

Losing a child is horrific. I'm impressed his grief spending is just food, yarn, and vaping. Could be tremendously worse. Prayers for this guy and his loved ones

[@rad-pt6sy]

Wasn’t his kid

[@monatheblunt794]

@@rad-pt6syoes not matter. It’s called empathy and being a supportive partner or at least emotionally invested partner -- Although if, I’m being honest, I would not want a partner who cannot handle stressful situations. Women have enough emotions for both of people. There needs to be a balance. Like, if I go through something traumatic, and even if both of us go through something traumatic - as a woman, it’s important to have a man who can protect and be there for you A man is The Rock of the family

[@rad-pt6sy]

@@crazeekids9744 harden up, life ain’t easy

[@chickentenderlover2412]

@@rad-pt6syhow many onlyfans subscriptions do you have currently brotha

[@AstarTiamat]

He called the kid "our 2 year old" in the comments. I don't think that's your decision to make.

[@k20z3keith7]

Caleb, I wanted to let you know that after watching your vids since January I have 5k in savings, 5k in checking and I budgeted to save at least 2.5 paychecks per month. Feels pretty good for such a short time. Also paid off my remaining CC and use them as debit cards for the month for the cash back.

[@k20z3keith7]

@@baconoftheark No sir, I pay it off religiously before the cycle ends leaving me at 0 balance when it closes 👍🏻

[@kikiTHEalien]

How do you save 2.5 checks per month? Do you have 5 jobs or are you paid weekly? What's going on here?

[@Kevin-fn1rn]

You’ll have to pay $20 for his online course to get that answer

[@missmia196]

​@@kikiTHEalienthis

[@CalebHammer]

Wooo! 🎉

[@colegeful]

I lost my daughter Gwendolyn when she was 13 months. I'm so sorry Bilal. There's nothing worse in this world than the loss of an innocent life.

[@MrHxChris]

Dang, my newborn niece’s name is Gwendolyn and I didn’t like reading this. Hope you’re pulling through as best as possible. ❤

[@IndiaNumberOneCoubtry]

She is waiting for you at the gates, holding the hand of Christ. Im sorry that happened, but you will hug her again brother. God speed

[@brooke225]

“Not having an emergency fund is an emergency” is something I say now. I just got a second job so everything I make there goes straight into savings. Thank you Caleb for guiding me on the right track.

[@pcpxbotendorastermace9948]

Good stuff. I might think about doing that if I can. But definitely save regardless.

[@AtomicDimension]

as a brazilian watching this show for the past months: it seems like starbucks is the american's worst enemy for finances

[@AFFTFOMSICHTS]

😂

[@AtomicDimension]

@@baconoftheark Starbucks in Brazil is mostly for cold beverages and some of them don't even go with coffee. Brazilian coffee is the best in the world, every family has the habit of making their own coffee in the morning (but rarely we press the beans or anything, we use powder)

[@danielredziniak2996]

* dumb Americans. Not all of spend our money on stupid stuff

[@JoseFlores-xh5cj]

Student loans, car loans, and fast food, technically interest rates are America's kryptonite

[@Darkpara1]

Nah it's car loans for stupid shit like giant trucks that people don't need.

[@OrdinaryEverydays]

It sounds like he’s trying his best and is keeping his head up in a tough situation. His debts are not impossible to climb out of. I believe he and his girlfriend can do it. My heart goes out to them for losing a child 💔 that’s so hard. And finally, medical debt should be illegal- what a soulless system.

[@OrdinaryEverydays]

@@dojyr3130 so we should let anyone who made a bad choice suffer, either with ill health or crushing debt if they can’t afford to pay $$$ bills? I disagree.

[@azizkash286]

Bankruptcy speedrun

[@RomeoHatesShrimp]

*bankruptcy

[@Camilo_official7909]

​@@RomeoHatesShrimpannoying kid in class that reminds the teacher we had homework

[@RomeoHatesShrimp]

​@@Camilo_official7909 yes because failure is the best teacher, should have done your homework.

[@matthewhiggs4805]

​@@Camilo_official7909 it's better to teach people how to spell rather than letting them go the rest of their lives spelling a word wrong

[@Camilo_official7909]

@@RomeoHatesShrimp homework was created as punishment we are already at school for 10-12 hours a day depending on what extra activity you're involved in me personally I has to be at school 5 days a week at 7:30 and would not be home until 7 or 8 pm with just enough time to take a shower and go to sleep for the next day. Homework is pointless it doesn't not teach you anything school should stay at school but instead we get teachers telling kids it's ok to be a girl or boy and if you want to be a girl but you're a boy it's ok will cut it off. Homework obviously isn't productive if you've looked at the numbers what we need is teachers that actually care and not a teacher who will fail 1/3 of his class every year and be proud of it.

[@matthewsawczyn6592]

Caleb isn't just a finance advisor, he's a life changer

[@nickybutt9733]

He's lacking in EQ

[@livetosmileandlaugh5368]

@@nickybutt9733 Totally disagree, he’s very high in EQ. You may dislike the way he says things, but he’s very empathetic. He has a very tough love approach.

[@austintomkewitz3981]

Absolutely incorrect im sorry but I have to correct this "Caleb isn't just a financial coach, he's a life changer."

[@nickybutt9733]

@@livetosmileandlaugh5368 made a girl cry, she told him yelling is a big trigger for her, he keeps on yelling, that's a guy with a severe lack of EQ

[@jerrydixon3862]

@@nickybutt9733 false I saw this episode and he toned it down a bit after she said that

[@catgodfrey6451]

So sorry for y’all’s loss. I definitely think her therapy included crocheting so I don’t think she could be faulted for Micheals. I totally understand the debt issue, but it’s way better than alcohol or drugs. Lots of changes need made. Sending positive vibes he follows through 😊

[@Jay-jh5el]

Hey Caleb thank you for all these videos I’m 23 finally saved up 26k in savings and over 25k on my 401k I thank u for the tips and motivation man !

[@CalebHammer]

Wooo!

[@christianscacchetti9178]

That’s baller Jay keep it up!

[@urmomsfriend4909]

Big dawg energy 💪🏽 good job p keep it up

[@marissaboland958]

Damn way do you make a year jay? I have a lot of savings (I’m 23 years old on a 45-47k salary) but my retirement is like, 2 grand. Way to go for you!!!

[@Liimpy]

@@marissaboland958 increase your contributions.. as long as you're out of debt

[@eliseg0001]

Dudeeee the combined savings is so confusing and dangerous. My partner and I are saving for a house together, but we keep our accounts separate obviously

[@eliseg0001]

(9:37)

[@redstateforever]

Don’t buy a house with someone you’re not married to, that can be a nightmare. Just, no.

[@welcmasher2471]

​@JJ exactly

[@eliseg0001]

@@redstateforever marriage is a plan too, but saving for a down payment will take longer than saving for an elopement so we’re prioritizing the former

[@ReddingRed]

How does a boyfriend who's not the baby daddy qualify for FMLA? If you want to succeed financially, get married. You're playing with fire and you'll get burned.

[@bilalbedawi1905]

After raising a kid for two years watching him die in your arms can be traumatizing. Just saying.

[@Driver8takeabreak]

The irony of Caleb always suggesting people do doordash/uber eats, when often they are in debt due to doordash/uber eats.

[@lot2196]

Ha. True. I'm 57 years old. We've never used Door Dash, Uber, and have never once had a Starbucks product.

[@davidknowles6447]

The difference is if you have the money to pay for doordash, it's OK. It's a bad habit when you are in debt and having it.

[@Driver8takeabreak]

@@davidknowles6447 These videos are a pretty good example that most people DON'T have the money for it though.

[@davidknowles6447]

@davemessenheimer9739 yeah and that's the point he's making - he's telling them to work at those services, not eat there.

[@Driver8takeabreak]

@@davidknowles6447 I'm saying it's ironic to reduce your own debt by working for a service that is actively getting others into debt.

[@CaPnBaLlBaG]

The PNW is WAY more expensive than Texas. Unless he's coming up to work for Starbucks corporate, I wouldn't do it man. I've lived up here my whole life. It's brutal.

[@b_ford72]

I assume you guys have Panera Bread there, you should suggest their ‘sip club’ to some people. It’s $11 a month for unlimited drinks. I stop in for a coffee every day and eat my packed lunch (salad or sandwich) and it fills the ‘need’ of getting out and having the ambience but I’m not spending any money more than the $11 subscription. As long as you can resist buying food while there it’s an awesome deal.

[@mscandyclash]

Just scheduled my final pay off amount for the personal loan I took to consolidate my credit card debt - it was a three year loan that I paid off in 8 months. I still have a small emergency fund for cushion after making that payment and can't wait to build it up. Debt free is a fantastic feeling.

[@samkelo27]

🎉👏👏

[@malloriewilson2593]

Dealing with grief previously cannot compare to one losing a baby... I've parents, friends, etc but if I lost my child, I'd lose my damn mind.

[@FinanciallyPowerful]

100% me too.

[@unknown-ql1fk]

I started watching the HAMMER and dude, you have saved my life. I've stopped my crap spending and have started saving and have been able to save 75% of my emergency fund starting in january 2023. By july it will be fully funded and i feel amazing. Thank you and your team and all the guests for the kick in the ass i needed to be a better person :)

[@Conscious.Consumer]

Its amazing you both are headed back to work. Seriously. Were 6mo out for our sons passing and only now is my partner emotionally ready to get back into the work force. I on the other hand not at all. Its very commendable especially after trying in feb!

[@candy2325]

So sorry for your loss 😢

[@devinlauderdale9635]

Man watching all these videos has convinced me to pay off all my debt, doing 3k payments per month towards paying off my 11k in credit card debt per month and cut down on absolutely everything. Ramen till the debts gone. 🙌

[@k20z3keith7]

Throw a lot of veggies into the Ramen brother! God speed 🙏🏻

[@EmilyAllan]

You can do it! Its so worth it.

[@welcmasher2471]

Good luck you got this!

[@Liimpy]

Beans & rice

[@lot2196]

👍😊

[@ryanlemmers5300]

I used to work for Starbucks finding, interviewing and terminating store employees who were stealing cash. It’s crazy how much debt Starbucks employees in their teens and early twenties racked up in no time. The employees and customers both just spend, spend spend on luxuries until they’re in a hole so deep they can’t escape. Starbucks has great benefits too. Highest 401k match, stock grants and most paid vacation I’ve ever seen.

[@The_Lite]

People who buy Starbucks on the regular usually do it as a status symbol. More than likely not the only thing they do to signal their "status"

[@ronnie7100]

Doesn’t even slightly surprise me 😂 Pretty much the most bum, stereotypical “I know nothing and have failed” job in existence. Usually worked by failed “art students” with pink hair.

[@WendyOryen]

@@ronnie7100 I’m seeing a lot more different colors of hair with customer service people, lately

[@jmb9701]

Dude 1000% I see the young people buying 5$ coffees everyday and immediately assume they are poor. It's entirely unsustainable unless your making 150k annual

[@cgasucks]

I was no different from them. I racked up debt on my credit cards in my 20s and by the time I was 30, I had $15K CAD in debt. I vowed to myself I'll never be in that position again. Thank God I had a great paying job at that time and quickly paid off that debt within a year and vowed never to be in that position again. Since then I spent and lived like a pauper and invested wisely. Now I'm 52 and and millionaire and have way more liquid cash in my accounts than I was in debt.

[@TheMatadore]

People who are not married should not have combined finances.

[@M16n27]

So sorry for your loss, losing a child must be a horrible feeling. I can’t even imagine trying to go back to work after that. Y’all are very strong

[@tessahiggins8142]

And at their ages. I would be devastated.

[@the_inquisitive_inquisitor]

Closest thing I've experienced was when my sister had to get a medically necessary late-term abortion. Horrible situation, but I'll pick my sister over an unborn niece any day.

[@the_inquisitive_inquisitor]

@@100kSubsOneCatVideo Yeah it's kinda wild. My sister was living in Tennessee when she needed her abortion and she had to go out-of-State.

[@LifeBindeR222]

I usually don't like marriage whatsoever but when it comes to combining finances and debt it's very important. You mixed up all of your finances and now if she decides that she's dumping you, you'll end up with ALL of the debt and she walks away debt free.

[@choreomaniac]

And she got someone else to pay down her parents mortgage.

[@ralphmagtibay17]

Hopefully she is a good person.

[@VideosVlogsThatsIt]

​@@ralphmagtibay17 after the death of her infant child, I would hope so

[@spoookyspencer]

@@VideosVlogsThatsIt I dont think the death of a child makes someone a better person.

[@the_inquisitive_inquisitor]

@@spoookyspencer Usually that just kinda fucks you up in the head. I hope she's a good person because that's better than losing a child AND being an asshole.

[@stephen1503]

Maaaan, he is so right about not combining finances if you are not married. You wanna step up and help out but until you're married with the joint accounts---financially you are single.

[@cameliajones6029]

Let me add to the people commenting how Caleb's vids have improved their spending/saving. Ive been aggressively saving for an emergency fund of $15k. Saving about $1100 a month with a current balance of a little over $10k. 401k needs work, but after i hit my fund, im putting those savings to retirement. No CC or car debt about 10k in federal school loans as my only debt. 27 yrs old with 70k salary.

[@gingerleamcwow435]

This one was hard to get thru for me. I cant imagine experiencing that kind of loss. I know he's not in a great financial position. However, I'm also amazed that its not worse than it already is after going thru that. My heart broke for them. I hope they are able to find peace & financial stability in the near future ❤

[@detmostwant]

You should never be combining your finances with your girlfriend. Do that when you get married. If one of you is paying the bills then split the cost down the middle and have her send you her half. That's so scary.

[@riggins872]

This channel is more fun when it's silly students or people with ridiculous careers. This is just sad.

[@margostarcruiser1083]

Caleb is amazing. He lives in my head, rent free, and has me questioning every single purchase. "Do I need this jar of spaghetti sauce? Or can I make it from scratch for less?" I am shocked how much I care about money now! My checking account loves Caleb!

[@joshb7415]

What I find weird, is none of these people you interview seem to buy..... food? Like do they not go shopping for food at all, I don't get it. Maybe its an Americnan thing, to just eat out?

[@bilalbedawi1905]

He just doesn't highlight those spending. He highlights the bs spending to shed light on them.

[@japanesecinema6736]

​@@baconofthearkbs. Most people do go out and eat every day. I see it all the fucking time at my job.

[@TheRealMjb2k]

I’m noticing that a lot of people having financial problems are related to family/personal trauma. It’s very sad, and impossible to relate having never experienced what these people have. I couldn’t imagine losing a child at 2 years of age.

[@BlazinTigger]

why do all of these people have cars that are less than 5 years old?

[@TVHouseHistorian]

Caleb, if it wasn’t for you, I would not have my car paid off, and would not be racing to get my emergency fund bulked up. [EDIT] for the record, I have no credit card debt whatsoever. Only debt I have is my mortgage. Again, thank you 🙏

[@rossedwardmiller]

If/when a follow up episode happens with him, it will be a positive one. I have faith in him.

[@thebuschwacker]

USED COROLLA USED COROLLA USED COROLLA. being a car guy and seeing all these people take out 30k+ loans for utter crap vehicles hurt my soul. There are so many cheap reliable cars these people could but for pennies compared to these "new" cars they keep getting i swear.

[@alexyokiel4493]

I would never combine finances with somebody I wasn't married to

[@bobbyrivera2951]

Anyone with a brain wouldn’t

[@acbennett1]

I went through a divorce about 10 years ago, i accrued over $40k of auto loans (with lots of negative equity) and credit card debt. I used the debt snowball effect and it took about 6 years to get out of. Cash is the way to go everyone. I have 1 credit card that I use for gas and that’s about it. I have an emergency fund and love the feeling of not having creditors calling me everyday.

[@lot2196]

We cut up our credit cards 25 years ago. Almost completely debt free. Got 5 payments left on my Honda. House paid off, kids grown up. I'll never borrow money again. I have cash for next vehicle.

[@zzApotheosis]

Sorry about the divorce, but good job on getting out of that debt! That's gotta feel amazing to have tight control on your financial situation.

[@josephbrown9685]

I went through divorce about the same time as you. I feel fortunate that I didn’t have all of that debt. You should be proud of yourself for getting out of that financial mess.

[@heroevulgar]

It is an amazing feeling. I was in a similar situation and having creditors call me every single day was a nightmare, I was a scared of picking up the phone for everything. I have zero debt today except for a 2017 car and my mortgage.

[@GabrielMartinez-sd8pc]

I have learned and been inspired by Caleb’s financial audits than Ramsey’s show. This is more practical, more real, and more applicable.

[@MissMiaAfroGoddess]

It’s payday y’all, stay focused!

[@giveback]

Facts. One of my co-workers put in our chat that she uses Chime and didn't get her check on Weds like she normally does. She said that she might get evicted and WiFi was past due. She blaming ADP when her April 21st check should have went to May 1st rent. It's none of our business but if you on the verge of getting evicted then how far behind is she at? Great message. Stay focused 💯💯💯💯

[@n.c.467]

Feel so bad for his girlfriend losing her little boy. Totally understand some of her Michael's crochet runs...trying to maintain her sanity, and he's trying to help her too. Yes, credit must be fixed, but I totally understand how this happened. Have a heart...❤️...

[@derbking777]

I've binge-watched all your videos Caleb and I love how much of an advocate for mental health and well-being you are! Thank you for that.

[@tundranocaps]

I suggested this at an older video, but I think it's good to allocate money in advance for a _bit_ of fun. Say $15 a month for Netflix, or an equivalent. Psychologically, once you break the boundaries you set up for yourself, it's much easier to let go of them entirely, so allocating some fun ahead of time can forestall the need to have fun by breaking said boundaries.

[@marshallwhite3780]

I feel bad for him, I wish basic financial literacy (accounting/finite math/financing) was something that can be taught as a standard requirement in grade school prior to going into the real world.

[@danielredziniak2996]

It is, finance, small business accounting and business law we’re all available in my high school

[@marshallwhite3780]

@@danielredziniak2996 depends on the state, I am talking a standard requirement nationwide. I went to school in Texas, so the most they required from our curriculum was Algebra 2😂 I didn't get to do these classes until I was in college. There needs to be better accessibility to resources that teach financial literacy at a younger age

[@athlete_n8]

as far as i know they teach addition and subtraction in grade school and simple/compound interest is covered at some point in high school. That is half of personal finance, and the other half is self control and maturity which can't really be forced on students

[@cardojp]

Wish more people would think like this instead of blaming everyone else and schools because they lack self discipline.

[@athlete_n8]

@@cardojp if I had a dollar for every time I didn’t buy something I really wanted bc it wasn’t in my budget I wouldn’t need a budget anymore 😂

[@HeyitsMarioDiaz]

What would be extremely interesting is to see an audit of an individual living in another country.

[@346azul]

Not it wouldn't. We cannot relate to it in any way

[@AtomicDimension]

@@346azul so how come me, a brazilian girl, can relate and learn from caleb videos? 🤣

[@danmeck5978]

Well I am in the UK and relate to US based YT vids. Finances are finances.

[@ItsMeUrDaad]

@Tymon Dąbrowski are you a polish jew? Just curious. I heard polish names ending in "i" are jewish in origin.

[@meggggg]

​@@346azulOdd...I'm not from the states yet I still relate to most of this channel's content...lol

[@nickz9251]

Been there! Under 10k left to pay now thanks for the motivation and consistent uploads!!!

[@tiawana420]

caleb, i wanted to let you know that after watching your videos since february i have 180k in checkings, 415k in savings and bought a home. feels pretty good for such a short time. i'm only 15, thanks for the tips and motivation man!

[@swashbucklemchrue2323]

Pfff, that’s nothing bro. I’m only 9 years old and already have 3 mill in checking and 24 mill in savings. I have my own brokerage firm as well as 15 small businesses that all make about 100 mill per year after taxes. I own 5 mansions across the U.S., 3 of them I’m getting ready to put on the market. Finally, I have over a billion dollars in investments.

[@jerryrigged4412]

I’m 2 year old an got Elon musk money

[@tiawana420]

@@swashbucklemchrue2323 that's a good start man, my 6 year old son (I married my wife when I was 8) will be retiring by 3rd grade after starting his aerospace engineering company and law firm. He has a 9 figure real estate portfolio and 800M in the bank.

[@funnyclips9787]

Bro man this is completely nuts. Listening for few minutes and it’s crazy. I’m 21 and spending money gives me so much anxiety that I rarely spend more than $100 monthly after necessity. Gotta hand it to my parents for teaching me the habits otherwise I’d be in this guys shoes. I got about 7k invested in efts and 2k in cash. Started at 18 now 21 so took me about 3.5 years to get to this point on 25k income. I’m in nursing school (paying as I go) so when I graduate hopefully my income 2-3x then I can save for a house to get into real estate but that way down the road. To prepare for buying the house, I’ve credit cards but I put my phone bills, internet, and groceries. Can whine give me more methods to improve? I know my life is boring af but I can’t sleep properly if I do the normal American method. Rather be boring by choice than just boring.

[@funnyclips9787]

@Alan Castilleja I’m not saying I’m scared of debt. I’m saying it almost impossible for me to spend money on things that bring in no value. I’m just not a materialistic person. I also said I’ll be going into real estate when I have a bit more income and money saved up for down payments.

[@Thegenzsaint]

You budgeting rn?

[@funnyclips9787]

@@Thegenzsaint Yeah. It’s all automated so I don’t even think about it. I check my mint and update thing on my spreadsheet weekly but I don’t do more than that. My income is about 2100 a month. I take home about 1900 after taxes. My mom and I do half half on most bills . 650 (water included) rent, 60 Wi-Fi, 30 gas, 55 electricity, 30 phone, 70 for car insurance, 200 family groceries. Nothing more that I can think of atm. Adds up to $1100 for necessity’s. So with $800 leftover I put half into etfs. 150 into a savings and the 250leftover is the “fun” money but I mostly save anyways. I honestly think I need to spend a bit more because I have almost no social life. So I did get a gym membership for $50 a month and been trying to find a workout buddy. I do want to somewhat enjoy life but I can never step foot of the gas. Edited: Car loan is paid off since April. Mom pays the gas on car since I was paying the bulk of the car loan.

[@easytherecowboy6978]

@@funnyclips9787 I would use some of the etf money to put into a Roth IRA so you can utilize that long-term compound growth, especially at your age.

[@japanesecinema6736]

Things change as you get older. Family members die and you have to figure out how youre going to pay for that air fair. You buy a house and now you want to furnish it. Unexpected things. Fridge goes out. Air conditioner goes out. The important thing is to build an emergency fund it you dont have debt to cover life's unexpected pitfalls.

[@username9999]

This sounds like bankruptcy fraud, not having any assets in her name sonthay she can declare bankruptcy and then putting the assets in her name afterwards.

[@jvolstad]

Maybe I missed it, but are the kids his? If not, where is the child support?

[@isaacchapman7628]

I'm 23 and my mortgage is my only debt. This man pays more each month than I do for my mortgage.

[@atomknight8361]

A house at 23. Pretty baller brother good work

[@xanderscott807]

Cool story bro.

[@sethkang4410]

@@atomknight8361 you know whats another baller? no debt

[@taylortickle5097]

It’s the life, I’m 24 and my house is paid off fully now

[@isaacchapman7628]

@@taylortickle5097 Nice, I need to cut down on my wasteful spending and focus on stuffing every dollar into my mortgage. Every dollar now is a hundred dollars in interest I don't have to pay later

[@TipsyRoo]

Caleb needs ‘Not A Credit Card Person’ merch 👀

[@smnbrgss]

And “not a normal month”

[@doxx2265]

Bro be careful with considering the PNW. It’s harder to find Decent housing especially coming from Texas by comparison for cost to what you get. It’s more expensive, more miscellaneous taxes, expensive registration, more expensive groceries, pay is only 10-20% better, but cost of living is insane. ~born and raised in Arizona, now living in Seattle

[@acrane653]

It's mind boggling to me that the couple are choosing not to get married to protect his credit score. I'm sure there is more to that, but it breaks my heart to see the low value placed on a strong marriage when compared to ... a credit score.

[@Jaxphotographs]

They are already putting their money in. I agree. They should get married then.

[@bilalbedawi1905]

We both are not ready to get married. We were raising a medically complexed kid while both working full-time. and he literally just passed. Imagine getting proposed to a few months after your kid just passed. I am confused why everyone is concerned with us not being married. She sends me her paychecks to pay the bills because she said she was mentally checked out when it came to fincases. So now that she's ready we are splitting them back.

[@Jaxphotographs]

@bilal bedawi awe.. I'm so sorry for your loss. That must be hard on your girlfriend and you as well

[@MiaTheDevilicious]

I’m 26 and finally saved enough to buy a (reasonable) house and learned how to negotiate a car loan from this show! Thank you Caleb!

[@danielredziniak2996]

Y’all are born with to left hands

[@blakbear6528]

Never get a loan for a car. EVER. You'll be paying it forever.

[@OhsoWoobie]

@@blakbear6528 I agree but some people absolutely need a car and that’s the only way to afford

[@nikahatt]

Thank God you posted today. I’ve been having a rough day and I really look forward to your uploads. I enjoy listening to your videos while working from home at my computer. Thank you for all that you do!

[@poiuy340]

As someone who only has a mortgage debt 29 yr old. I wish more people would really take Caleb's advice more seriously as he's providing an out to bad situations. Im amazed how bad financial situations can get.

[@kantoshero]

Imagine Caleb telling you you’re going to be poor forever. You’ll never get a ten out of ten hammer financial score 😮

[@tashasharps3579]

I'm so sorry for his girlfriend's and his loss. My three year old passed away 08/18/21 following an open heart surgery that his body didn't tolerate. He also had single ventricle physiology as well as several other defects (Dorv, a/v canal defect, tricuspid atresia, pulmonary stenosis requiring a BT shunt followed by a central shunt, and more). I had to watch my baby fight for his life multiple times, sit helplessly by his side while he's medically paralyzed so he doesn't pull the ECMO cannulas out of his body. ECMO, dialysis, and ventilator all working to keep him alive. But the happy times, when he got to grow up and play with his big brother, got to be home for holidays and birthdays, his contagious, joyful smile that never seemed to leave his face, the fact that the only words he ever learned to say were "happy" and "bye- bye..." he, and all heart warriors are very special kids.

[@XxXsumaroXxX]

Unfortunately, they broke up. I just saw a post from the gf about the break up. It’s kinda sad because he was there for a kid that wasn’t his biologically. I hope the both of them are doing better now.

[@sunnypsydup]

Just to be clear, GME has positive cash flow, negligible debt, and is focused on increasing shareholder value. You call it a meme-stock but it’s still a company with hard working people probably not trying to lose their job.

[@azizkash286]

nah its dying

[@chammmusicman]

After watch all these videos, Caleb makes me feel very torn. While he of course does give financial advice and increases pressure on people who need to be pushed, it feels like he doesn't realize when to tone it down. He advocates for therapy and mental health, but when he has encountered people who are genuinely struggling with being triggered by his yelling, he just brushes it off. In this video, being overly judgemental about weed. While I do understand this is financial advice, just immediately shitting on people doesn't help them be receptive to you. He seriously needs to figure out a better wau to convey what he's saying to people without pointless yelling

[@ritten_lies5913]

Caleb...how do i get you to evaluate "my" situation? -2 houses -Small business owner I have no idea how to do it right. Need to set things up the most efficient way possible...would like to Help

[@KatelynMariee]

I’m a 27 year old registered nurse. Only debt I have is my car which I’ll be paying off this year. I feel so behind and lost in regards to investing. I don’t know where to start at all. I really enjoy these videos as they’ve made me more aware of spending habits and the importance of investing for the future. There’s no retirement for nurses. Does anyone have any good videos or people to look into when it comes to investing?

[@meh4062]

Just spend some money and pay a fiduciary fee only advisor. Make sure they are fiduciary so they are only looking after your interest, not theirs. KZbin still a good source for basic ideas. So like ETFs, Roth IRA, 401k a good start.

[@aslamiyamohamed2526]

Ramit from how to be rich. I would suggest reading his book and watching his videos

[@dannymartial7997]

This is a good episode with a good guest. He isn’t arguing or refusing to follow advice. He’s just in a pickle with poor financial mistakes.

[@joshpointoh]

So...he was on leave longer than her for losing her child? This guy is one of those people who is on constant lookout for any excuse to screw up.

[@traebonay5928]

Can someone please explain the coffee thing to me? I don’t understand like does it get you high or something addicting? Do people drink it all day long or is it like a once in the morning thing?

[@donaldo7656]

Soon as that truck is paid off she’s going to dump him and take the truck.

[@quixomega]

A Corolla is a great car to own if you want to save money, or even if you just have better things to do with your money.

[@aubreyarensdorf6078]

If you make enough money in a month to cover expenses BUT you have credit card debt DON'T use the credit card because you will have to pay interest on every new purchase - just use debit to avoid more interest. Then pay that credit off as fast as possible. Basic point just makin sure people know that 😅

[@JimBob1937]

Even better, use a card for the bonuses/perks, but actually pay it in full every month before it's due. You get the perks, and no interest paid. I effectively use my credit card as a debit card, I don't spend unless I have the funds directly in my account. Basically, don't use it as debt. But, of course, this only works if you're not already in debt. People need to learn to use debt properly.

[@JoseFlores-xh5cj]

If you care about a good credit score, I personally recommend to pay off the balance every week. Kinda like a debit card but you get cashback, with rent and groceries it builds up pretty quick even with 1%-2% cashback.

[@LOLZHAHANOTFUNNY]

In regards to the house: I work in real estate title, I have to work with deeds and mortgages and debt liens on property all day. Please do not transfer the title to that house without going through a formal sale of the house from the parents to your girlfriend (or both of you if you are married). That means the two of you will have to qualify for a NEW mortgage on your own income and debt-to-income ratio. If you start transferring that title while the old mortgage is still in the parents' names, it triggers the "due on sale" clause that is in most mortgages and the mortgage company can now come after you guys for the entire outstanding amount of that mortgage in full, immediately. And bad news, deed transfers are free public information and those mortgage companies do watch for them. You can't just go around moving property that is being used to secure a debt, you have to go through the proper channels of formally buying the house and closing on your own mortgage when you take ownership. It will be a mess if you do it any other way.

[@s3ntin3l60]

This is one of the best, most useful channels out there. Genuinely helps people to get high priority factors in their life straightened out....and then scares sh*t out the viewers to do better.

[@Maewtt]

Every time I feel bad about myself, I watch these videos and am grateful I don't spend ridiculous amounts of money that I don't have on unnecessary things.

[@Tamet4]

Im glad I found Caleb before im legally old enough to worry about any of this stuff. If I learn what i should form his videos, it should give me a good financial mindset for when I eventually have to worry about it.

[@johnnymartinez478]

This channel is one of the reasons I no longer loook at people with new cars with envy majority cannot even afford it

[@JMitch93]

He said Sedgwick and my heart broke for him. They're responsible for Jewel-Osco employees as well, and they are a disgusting insurance company. Disgusting.

[@lee-13]

I was going to buy Popeyes yesterday because I was craving it and I just imagine Caleb screaming “Are you &$&%# serious ? Why are you spending money on fast food when you’re $17,717 in debt?” So when I went home I made a sandwich 🥪 . Do I still feel for Popeyes? YES but Am I happy I saved my coin ? Yes 🙌🏿

[@celbelle]

Ive commented this before, but you are the voice in my head that stops me from spending stupid money. I’m not perfect yet (maybe ever) but I’m far from where I was just 3 moths ago with 3k in stupid credit card debt. I had an emergency that I couldn’t afford and bawled my eyes out. Not having an emergency fund IS AN EMERGENCY>

[@bardsblond589]

Losing a child would send me off the deepend. I can’t even imagine how my spending would spin out. This honestly was understandable given the challenges they faced.

[@mtb4657]

I couldn’t agree more!

[@SpacesuitWill]

They really need to get married

[@keithmorgan4883]

Not sure why you keep asking guests who laugh if they think it's a joke. They're clearly laughing out of being nervous and ashamed. I think it's an unnecessary question to keep asking people.

[@rhee6827]

Watching these makes me feel good. I’m a single parent, I have an emergency fund, no credit cards, no debts and am able save 1/4 of my pay every week 😊

[@rhee6827]

Plus I have over $35k in my super fund (retirement fund)

[@MaryCumbersnatch]

Caleb, I appreciate you giving him a stern talking to about finances. But, man, there's the death of a chronically ill child hanging over his family right now. It's one day at a time for him and his gf. It may sound frivolous, but she may need to stay crocheting to keep from falling into a darker place. Try to keep that in mind if you have any future participants in the same situation.

[@cyberpower99]

It would be more representative of the person's monthly income to not report twice their biweekly income as their monthly income. On a biweekly pay schedule you receive 26 pay checks a year. On a bimonthly pay schedule you receive 24 pay checks a year. For this person, their monthly income is not 2800 (twice their biweekly) but rather 2800 + 2800/12 (the two extra pay checks from the biweekly pay schedule spread across all 12 months) or $3033.33.

[@cardojp]

Your math is solid but I think its best for people who are bad with finances to do double bi-weekly. If they know how to budget then they should go by their actual income.

[@acs78393]

Over the course of a year it does make their finances more accurate but those "extra" paychecks only come every 6 months. You could be following that budget for 5 months yet still be losing actual on-hand cash until that paycheck comes in to even everything out. Since so many of these people have zero emergency fund saved (or a few hundred at most) that's going to put them in trouble fast. Best to treat those 2 paychecks as bonuses to further pad savings, pay down debt, or make up for some bumps in the road when trying to follow the budget.

[@Archivist82]

Eek! The struggle of buying too much yarn at Michaels for crocheting… that would totally be me 😬 Crocheting and knitting can be very meditative though

[@CalcioFan4Ever]

Ya know, im glad my small rural town has such a small cost of living. Some of these need expenses are insane in other states

[@brisolo8586]

I know for a fact, in their position, my debt would be INFINITELY worse.

[@kennethburgess9536]

Watching almost all of Caleb’s videos I have pay off my credit cards and closed out what I could that I don’t use (I.e NetFlix, HBO, Disney). I now have $2.5k in savings and $2k in checking after having to buy a new washer and dryer seeing renting wasn’t worth the cost that I had been paying over 5 years. Now working on saving my E-Fund back up and opened a Ally Savings Account with the 3.45% but can’t figure out how to pull everyweek to put into that account. Being a truck driver when looking at my personal account I was shocked at how much I actually swiped my debit card. I have quit “stupid, unnecessary spending” by pulling $100/week out instead of swiping my debit card for my food and drink purchases. I’m just curious on what all I can do so I’m never in the “hole” in “debt” ever again.

[@gabyb9556]

This one was pretty hard to watch. Tough love helps but there were some times I think he was a little too tough/reacted a little too much for some things. It sort of felt like he was beating him while he was down. Like they just lost a kid and being a caregiver towards a sick family member, especially a kid, will make you order more food because of less time/energy. Overall I hope Bilal took this in stride, learned a lot and gets out of this debt🙏.

[@smgofdvld]

Whenever I watch these videos it makes me glad I don’t want to buy anything outside of food and rent I’m very happy with my money 👀

[@thej5315]

Caleb it amazes me how on point you are with the chapters on every video

[@goprogerms]

I love watching your videos because it motivates me to continue to work on managing my financial habits. Keep ‘em coming!

[@LunaHuxley]

30 minute 1 on 1 with Caleb is $400 and one hour one on one is $700. People who need this service don’t usually have extra hundreds of dollars . This is one way how poor people stay poor. They can’t afford to get financial advice lol 🤦🏼‍♀️