His Lying Is Making Me Mad | Financial Audit

▶The best budgeting program online, at the most affordable price: go.calebhammer...
Boost your productivity with the help of Grammarly and its tone suggestions! Sign up for an account and get 20% off Grammarly Premium: grammarly.com/...
▶My team and I will personally review your budget and put you on the right financial path going forward: go.calebhammer...
_______________________
▶Resources I use/would use (with discounts/sign-up bonuses):
1) Checking & Savings: Get up to 4.60% APY, pay no account fees, and earn up to $250 when you sign up and set up direct deposits. Terms apply: creator.sofi.c... *affiliate link
2) Start investing: Transfer to moomoo and receive up to $5,000 in Cash Rewards using my link Terms & Conditions Apply: j.us.moomoo.co...
-For the sign up bonus, Click this link to get up to 15 free stocks from moomoo U.S when you make a qualified deposit. Terms & Conditions Apply: j.moomoo.com/0...
3) Coursecareers: Get qualified for a better job and increase your income: coursecareers....
4) Mint Mobile: Cellphone bills are too expensive, use my link to find a plan starting as low as $15/month in just 15 minutes with my partner MintMobile: mintmobile.com...
5) Online security: Protect your online privacy and security NOW and for free by following my link Aura: aura.com/hammer
_______________________
▶Fun things:
1) Exclusive episodes, private Discord, BTS, and a special thank you: / calebhammer
2) Rules For Not Being A (bad word): www.calebhamme...
3) Merch: The most fun website: shop.calebhamm...
_______________________
▶My socials: linktr.ee/cale...
▶️ Want to be a guest on Financial Audit? We film weekdays in our studio in Austin, Texas (in person only)! To apply, visit: calebhammer.com...
_______________________
▶Sponsorship and business inquiries: [e-mail]
_______________________
These are some fun words: Caleb Hammer, financial audit, Graham Stephan, Dave Ramsey, Ramsey Show, George Kammel, Rich Dad Poor Dad, Podcast, Budgeting, Investing, Stock Trading, IRA, Roth IRA, 401k, health savings, HSA, 403b, college costs, student loans, debt, snowball, avalanche, pension, retirement, financial independence retire early.
_______________________
▶*Some of the links and other products that appear in this video are from companies for which Caleb Hammer will earn an affiliate commission or referral bonus. Some of the offers mentioned may no longer be available. This is not investment advice.
▶Sponsorship and business inquiries: [e-mail]

[@CalebHammer]

Thank you for watching! It can become challenging to communicate online and work from home. With the help of Grammarly, the right tone can move any projects forward! Sign up for an account and get 20% off Grammarly Premium: grammarly.com/caleb

[@katsweeterly2039]

Awesome sponsor!!! Great products, awesome customer service and overall experience, loving the new AI features too. Don’t go with BETTER HELP OR AG1 ❤🎉

[@SwissBeastYT]

Nice!

[@gat2asp919]

Hey Caleb. Just for reference a car with a reck on the car fax. Is going to be worth maybe half. He will be lucky to get 18k for it. Probably more like 15.

[@minivanventuring]

Caleb, I'm gonna need you back on th left side lol my OCD is killing me 😂

[@geniej2378]

The Grammarly video chapter is like 10mins too long. Can you review the chapters if they’re being generated? It’s hard to follow the conversation for us ad skippers

[@lowellthoerner1209]

This guy realized he was a super aggressive and careless driver and was worried he would hurt someone... so instead of showing an iota of self-control, and being normal behind the wheel, he went out and bought a giant truck, so now if/when he drives dangerously, he's really only putting others in danger. Easy to drive carelessly when you know you'll be fine in a crash. Genius!

[@lowellthoerner1209]

​@KeraClappedYou Big truck vs BIG truck - who would win?

[@johnnelson9742]

If you're going triple digits and crash, trust me the size of the vehicle you're on won't matter. You'll be dead.

[@ailuj419]

100%

[@oliviacarter1517]

I learned a fun statistic about how most people who drive giant trucks and SUVs are not very confident in their driving abilities/don’t feel safe behind the wheel. So they choose to drive giant multi ton death traps to put the rest of us at risk. Cool, man.

[@elizabethallen4353]

I have a feeling Caleb is not familiar with rolling in negative equity. He is now.

[@kevinlay6465]

Caleb is the dentist that knows you don’t floss but ask you and waits for the lie lol

[@teresaalbin-davis4529]

​@MrFalla1 yes.. And I'm that dentist, lol

[@AnonYmous-UserNotFound]

New series pitch: Caleb visiting car dealerships pretending to be in the market for a new car and then yelling the math back at them when they start talking loans.

[@ScoobysGarage]

Now I want to see this.

[@HashFace253]

DEATH

[@budoskolok]

That would be fun

[@BasedPhilosophyMom]

Yes!!!! 🤣🤣

[@christophero1728]

please dear god let this happen.

[@testbrand3741]

Paying Andrew Tate $50/month to join his self help group when you're drowning in debt is definitely a choice

[@Username0467]

I'm now disappointed I was using this episode as background noise. 😂

[@Monocultured01]

Wait, where did this get mentioned? Edit: oh, nvm. Disappointing.

[@JunkSock]

Caleb supports therapy! Mental health is an emergency

[@Monocultured01]

@@JunkSock that's not therapy. Therapy is someone with a degree and a license.

[@iamadamsusername]

Did you just claim Andrew Tate was therapy? Sweet Jesus

[@emmyclark8763]

If this guy doesn’t listen to the financial advice he pays for, there’s no way he’s listening to the free advice from Caleb 😭

[@Buxtonphil]

Underrated comment

[@mydadspulloutgametrash]

Well the financial advisor will roast you privately. Caleb will roast you in front of an audience of half a million. No guarantee of fixing someone but better odds.

[@therealestj]

I wonder if the people that come to the show are real or just actors.

[@potato1084]

@@therealestjNah they’re real. This is your average Tate course buyer.

[@eugenechurch6135]

Caleb charges 700$ for this so it's not free lol

[@whoknew4901]

I ❤️ how anything under $10 from a gas station is automatically a taquitos purchase in Caleb’s break down of the bills

[@Hotdog_pimpin]

Usually it’s hotdogs

[@andrewwhitcomb4857]

He has PTSD lol

[@Matt-cv6on]

Most likely alcohol

[@twalt]

ever since that one guy lol

[@SuzanneU]

Shorthand. We know it stands for lousy junk food from a service station.

[@josealfaro3753]

Petition for a check up episode:

[@theminimalistway9197]

Agreed

[@CalebHammer]

Working on some!

[@noahquiles5791]

@@CalebHammerthis is the most eagerly anticipated comment on KZbin right now. Thank you.

[@sonja191]

@@CalebHammer- oh thank goodness! I’ve been as itchy as a crack addict wondering what happened to some of these people.

[@naception]

JOSEPH THE CORN ADDICT PLZZ

[@TheMusicalventures]

Guest-"I am sjungoth, destroyer of worlds, heralder of the thousand year plight" Caleb-"Very cool! What do you bring in with that?"

[@markroberts8975]

😂

[@Vers16]

Every single time I'm about to buy something on Amazon I remember this show. Caleb is correct when he says this show helps people.

[@MDC21122MWC]

I’ve paid off 2 huge debts bc Caleb lit a fire under my ass thru these videos 😂

[@chgr4674]

If I need to buy something I want to support local business and not amazon

[@brock1120]

@@chgr4674amen

[@ThePeanut12300]

This guy is paying the 50$ monthly subscription for Andrew Tate’s hustlers university while 70k+ in debt💀

[@tear728]

Thought I was the only one who saw that 😂 is his financial adviser a Hustler's University network member?

[@Gumby6583]

😂

[@fairydust1615]

What’s crazy is it’s actually available for free on KZbin and Reddit! lol

[@mcnamaraky]

I mean duh. How else do you think he's going to get out of this debt without "Hustler's University?"

[@Cooowop]

💀💀💀💀💀 average tate frog

[@maxinoume]

Oh man, this was one of the worst we've seen. Especially taking out his entire 401K of $20k at 25 yo that could have been worth 600k+ into retirement. That was so painful.

[@envisionelectronics]

He can start over. It’s not the end.

[@jeffyboi6969]

@@envisionelectronics thats not the point my guy. that is a HOUSE.

[@jeffyboi6969]

@@envisionelectronics thats several years of money for retirement gone.

[@AnonYmous-UserNotFound]

This part really struck a chord with me as I took out my entire retirement savings of USD$64k at age 35 to buy my house. I don’t even want to think about how much that would be worth at retirement age BUT I have a house and have started over with my retirement savings.

[@trekkie79startrek23]

​@@AnonYmous-UserNotFound How much do you put into your retirement savings. I currently do 4% match 401k and then 1% roth and I feel like I will not be able to retire for a job even though I have no debt.

[@ClipKingsHQ]

What I love about Caleb; He isn't afraid to call someone's BS, and also admits when he is wrong. You have a great way of laying into people, and keeping it moving at the same time. Its never about overly shaming them, you have a great tasteful way of doing what you do. Its an art. Cheers Caleb, and congrats AJ for having the balls to show up!

[@johnd9357]

That’s very true. If I did this I’d just piss people off immediately, even though I’d genuinely be trying to help them. Even when I think I’m being nice my wife tells me I sound like an asshole sometimes. I’m just not good at this type of communication.

[@globalphenomena6979]

I think he can lay off a bit

[@turtleanton6539]

Just great stuff all around😊

[@bonesandhearts5683]

He’s like a dad

[@Dreadreming]

At the same time, people don't go there thinking Caleb is going to go easy on them for the mess they created for themselves. He is really good at what he does though!

[@umbilicalbeat]

When Caleb goes from yelling, to having to chuckle at the (dark) comedy of it all --- you know you're in a dire situation.

[@Miggy2222]

Rolling negative equity into a different car loan is by far the dumbest thing to do. You’re instantly underwater in addition to the depreciation you’re already taking a hit for

[@DesertMav]

I agree 💯%. Learned that lesson to a small extent and worked my way out of that cycle of bad debt quickly.

[@funginimp]

Well I mean he's instantly underwater whether he takes the deal or not. But yeah the dealership sounds scummy, they probably made the negative sound positive while making it worse.

[@NYCHFAN]

​@funginimp I agree, it sounds like one of those corner lot dealerships with the big sign - "Bad Credit? No Credit?"

[@elgatomoscato230]

Thats my sister

[@juditharsenault2131]

My ex husband did that- rolled one car loan onto another. . I found out after I married him. He had tons of student loan debt I didn't know about either. We lived in poverty. It was awful.

[@Beast12369]

Ive been around plumbing for 10 years now, Ive never heard of a commission based plumber. Sounds like a total scam

[@bobbytabernacle]

And they found the perfect BSer to push their scam. Win-win. He knows what he’s doing.

[@DFN21_]

I work for a home security company as a service tech full commission based. I get paid a flat fee for showing up and then commission on anything I have to fix/sell. I’m assuming maybe it’s something similar? But yeah for plumbing it does sound kinda weird lol

[@gat2asp919]

Also making 50-60k. Seem a little low. I don't know Texas I'm in WI most Plumbers are pulling 80k to 100k

[@samquinn2769]

every industry that has route techs has at least one company that does commission pay for their techs from my experience

[@TestMeatDollSteak]

I’m guessing it’s not a union position 😂

[@justing7490]

I will never grasp the concept of someone trading in a car that they cannot afford in order to buy a more expensive car that they cannot afford. This episode felt like Caleb has hit the tipping point where people care more about being on a KZbin channel with a half million subscribers than they care about getting their finances right

[@donaldlyons17]

His advice sounds similar to before to me but you might be right. Either way the guy has bought more than he has the cash to pay for at the moment.

[@Landon_Hughes]

Requirements for financial audit: 1. *Must have taquitos in purchase history*

[@ericahoelscher3733]

2. Must have had a really unusual month.

[@KrystalZhang-ir6rt]

3. Does not know their average monthly income.

[@shyboy0154]

I like how Caleb has adjusted his methods. I noticed as opposed to explaining their own finances to them he now explains their behavior and situation to get them to understand what they’ve gotten themselves into and explains what will fix it

[@HoldenTheAFK]

He's more of a financial therapist than an auditor.

[@seke9885]

@@HoldenTheAFK true but that’s just cause he’s a genuine human and cares for all these people!

[@109968shadowboy]

I’d talk to a lawyer if the dealership didn’t disclose that the car was involved in an accident. Could be fraudulent.

[@Carnius797]

He’s probably full of shit. He also claimed he “didn’t read the fine print” That he had to pay a 1200 $ phone off

[@109968shadowboy]

@@Carnius797 that one he probably though he could return the phone when he switched, but then again he could be saying that to save face.

[@xbigxbirdxx5846]

No I think I know what he’s talking about. He probably got the phone from verizon for “free” but the fine print is you have to stay with them for 36 months or else you’ll have to pay off the price of the phone for those months not stayed. So he assumed the phone was free and when he did the switch they wanted him to pay off the phone.

[@javaskull88]

@@xbigxbirdxx5846and because he has zero impulse control, he never er asked question or read the fine print before he signed up with Verizon.

[@petergurka6456]

Caleb's tangents about car dependency in the US continue to be my favorite parts of these episodes

[@Driver8takeabreak]

Especially ironic (and completely necessary) because he (and most of his guests) live in TX.

[@katrinagascho6165]

We tried to go without owning a car one summer. We both have walkable commutes for FT jobs in our big Canadian city. 3 kids, 9 years and tens of thousands of dollars in savings later, we still haven’t owned a car - we rent or use a car share a few times a month. We aren’t anti-car at all, but it is amazing what even questioning the dependency can lead to.

[@jacoballen5538]

​@katrinagascho6165 not owning even a single car is insane to me. I mean you can't be saving paying for all those users and ride shares

[@katrinagascho6165]

@@jacoballen5538 We do not need a car during the week (as we both have extremely short commutes), all commodities are within biking or walking distance , including our kids school. So we rent two weekend a month , which gives us a brand new car each time we don’t have to clean or maintain or repair, covers gas and insurance for said cars, and keeps us very physically fit by otherwise not depending on it. Saves around $8,000 a year, according to what the average car owner spends the last time I checked. Costs is between $200-$400 a month. :) Of course, it’s not for everyone, sounds like probably not for you, but that’s ok ! Works for us!

[@Monocultured01]

​@jacoballen5538 it depends on how often they're used. I live in a big city, no car, and don't spend as much as I would as a car owner between public transit and the occasional uber.

[@Iskateminilogo]

Crazy to hear how Caleb puts the 20k spent in the 401k in perspective, comparing it to losing 1M. That’s nuts!

[@katieegan5178]

Sure, I lost out on investing my whole 20’s because of a similar retirement plan of “the economy won’t still be around by then anyway.” Finally I realized that yes, if conventional retirement fails then we’re all up a creek without a paddle, so maybe a better strategy for myself is assuming it will still be around, so I don’t have to spend later years, as a result of my own inaction, eating cat food / dying on the Walmart floor / regretting not making an effort to get my financial house in order when I had the opportunity (assuming any of us even lives that long is sort of a logic gamble unto itself!)

[@danchare]

​​​@@KeraClappedYou There have literally been old men on this show who predicted "economic collapse" and are completely fucked now. If you have employer matching then just bail out of the 401k if the world has you spooked and you'll still win. The $10000 a year my employer has given me every year *for free* since I was 22 is already $210k now at 34 and will be $2 million at 62.

[@abdiels1234]

@@danchareWait bail out, then re invest into Mutual funds or real estate? Is there not a limit to how many times you can bail out?

[@user-zc6ug3qh3z]

Is inflation calculated into that? Otherwise 1M once you retire is worth nothing😅

[@crashtestdummy1972]

​@@user-zc6ug3qh3zso your alternative is to not save anything? Id rather have 1m when im retired over nothing ESPECIALLY with inflation going up

[@PapaChen]

"People want to take a dump without the water going up their butt." - Caleb Hammer 2023

[@nathan98000]

I want to see an audit with someone in an average financial situation. And an audit with someone who’s in an excellent situation.

[@danielponder690]

make for boring viewing lol

[@kierstenbrowne]

@@danielponder690may be boring but for those in a similar position it gives advice and direction on where to go

[@stephanienkurtz]

@@kierstenbrowneHe won’t give investing advice so if you already have a decent budget and an emergency fund, you need to go to a licensed financial advisor.

[@kierstenbrowne]

@@stephanienkurtzyeah i know he won’t give investing advice, but would be interesting to see someone who doesn’t have debt and has the emergency fund and what advice he would give someone in that position. like maybe buying a home or a car or whatever

[@sudo-bandit]

I like this and second this. Cmon Caleb !!

[@chukuemekaoje1015]

I think that while pet insurance can be very useful, you really have to 1) research the company you're buying the policy from and 2) READ EVERY CLAUSE in the policy. Pet insurance companies appear to have a lot of leeway in their ability to accept or reject claims.

[@its_jess4321]

Yeah it isn’t great

[@VintageCameoPearls]

In my experience as someone who has grown up with pets and has my own two dogs (raised them up from little puppies), it’s so much easier just to pay as you go. I’ve never done insurance. It’s expected that yearly wellness exam, vaccines (luckily my vet does 3 year shots) flea meds, heartworm prevention (my vet does every 6 months) and even dental may be routine as a standard of owning pets so we just factor that into our budget. So for us it’s just easier to plan paying for it outright. Now for the unexpected we have a Care Credit account but rarely use it fortunately, we’ve used it twice in the 5 years my dogs have been alive. Once for my female dog’s spay (she had what was believed to be a hernia near the area, was necessary she go thru our vet rather than a low cost clinic, that was 4 years ago) and my Basset’s dental cleaning. They give 6 months no interest and am on track to get the card balance paid off a month early before interest kicks in. Just my experience but in the long run I feel shelling out the $ for a constant payment for insurance doesn’t equal out to what typical expenses are and you’d spend less paying outright, at least that’s what we’ve experienced over time. It’s one of those situations where you could rather put the pet insurance payments towards actual care.

[@EyeDisagreeWithYou]

I work for a pet insurance company, and have worth both in Customer Care, and Claims now I work in sales. You are 100% correct, its great for lots of reasons but if you dont read the clause, exclusions fine details.....kind of like any contract, you will be screwed. Pre existing conditions are an easy way to get denied, so even if your pet is relatively healthy, if they had any issue before the start date then it might or most likely be excluded from further coverage. Sometimes permanently other for 6 months from start date. Best advice, get it while the pet is healthy and read it all even if it seems boring. If pet is sick, make sure you understand what wont be covered to make sure it even benefits you to begin with. Seems straightforward but most people even when I explain to them their possible exclusions they still turn around and try to get covered for it.

[@chukuemekaoje1015]

@@EyeDisagreeWithYou Thank you for chiming in! My knowledge is only secondhand, so it's great to have someone in the industry weighing in.

[@EyeDisagreeWithYou]

@@chukuemekaoje1015 No problem, now with that being said I definitely dont agree with the overcharging the pet insurances do. Absolutely ridiculous, I try to tell my customers to only get what they need. People like to have well ews coverage even when they dont spend nearly as much as it costs to have the insurance for wellness. Even if it makes me money as a sales agent to sell it, I dont when it doesnt make sense for them. Insurance companies are still companies for profit so we have to understand they will increase prices based off the market changes, even if it screws the customer they have to do it otherwise they will go out of business like so many of these new start up insurances. Pretty shitty but theres no other way to word it

[@ralph7463]

Lol I feel as soon as he said he was a plumber, Caleb automatically decided to become more aggressive than usual 😂

[@ellagrace7029]

I didn't notice. Why do you think that?

[@LifeBindeR222]

With 7 years as a plumber you shouldn't have any issues starting your own business and easily make 100k+

[@jacoballen5538]

​@mmp495 how is it a bad move? Seems pretty smart to me you save a ton of money and still get to be close to your family. Seems like you have some personal issue with people being smart.

[@Ink30]

Have to have a master license in most states

[@andrew8168]

​@@mmp495back in the day, 3 generations lived in one house. Why is this a problem?

[@kevinreyes6243]

He’s a service tech not really a plumber

[@APcampbell-rl4rl]

@@kevinreyes6243service plumbers are plumbers ?…

[@MeticulousTechTV]

The tools thing is such a racket man. My buddy was an auto mechanic for 10+ years and every job he had, not a single shop covers tools. Just his initial “basic tool” start up kit was 5 grand for Snap On gear, and that’s while only making $13-14 bucks an hour back in 2010-2011. He’s since moved into a much higher tier of mechanic (works on factory robotics) and gets a stipend for tools but still spends some % of it out of his pocket. Crazy with how hard those jobs are and how much knowledge they require that the companies aren’t covering the tools

[@craigrussell2045]

All signs suggest that 2023 will be a year of severe economic pain, I was really hopeful of my investments this year, but all my plans have been disoriented, I've been studying the stock market and I realized some investors made millions from the last recession in 2008 and I was wondering if such success rate could be achieved in this present market. Any recommendations?

[@lucyAngletont]

Yes, If you go long against the market you'd make such success.

[@RandyPelletier]

I feel exceptionally lucky I started investing in my early 40s and consistently compounded my income to create more cash flow. I grew to a 7 figure well-diversified portfolio just by following Trisha Jean Webb's recommendations and having exposure to different prolific investments mainly blue chip stocks, bonds, precious metals, and high yield dividend funds. keep investing and you will be fine.

[@craigrussell2045]

@@RandyPelletier Did a quick web search, she has a pretty decent bio, I wrote her and I'm waiting on her reply.

[@hannahl3891]

I love that when Caleb tells people to suffer temporarily to have a better future it’s because their life is worth living and enjoying!

[@Loveless100]

Anyone else got anxiety after hearing how fast he drives? 😨 please don’t drive your F150 near me, you’ll kill me.

[@Veryfancyflamingo]

Haha, I’m pretty sure he was just trying to show off with that. I highly doubt he regularly (if ever) made it up to 150 while driving around.

[@Loveless100]

@@Veryfancyflamingo haha fair enough. His car would start dissolving at that speed, but still think he could be those guys who drive way too fast for the area (and this is coming from someone who drives right below what CHP can pull you over for...)

[@Azores88]

@CalebHammer FYI: That charge for jointherealworld of $50 on his statement is a an Andrew Tate financial success scam. I think it's his Hustler's University thing rebranded. I really hope his "financial advisor" isn't from there. Something to look out for with future guests sadly.

[@meiimacca4054]

It's really so sad, you could get so much more financial help by watching free KZbin videos and a bit of research on your own. Paying someone, that isn't a bona-fide professional anything to "help" you is foolish.

[@mikenormandy9250]

Union Electrician here and we are only responsible for a small list of hand tools. Contractors buy everything else including all power tools BUT as someone who loves tools it is VERY possible to blow a ton of money on power tools and hand tools! - Not all plumbers are paid like this - most are paid hourly like other trades (fitters, roofers, electricians). The commission is a residential thing - union plumbers can make upwards of $50/hr

[@tdgdbs1]

Most of my tools are from Harbor Freight, I don't use expensive tools to compensate for my lack of diagnostic skill.

[@breadbox777]

As a mechanic my tool debt is insane. 😅 but as a plumber, he shouldn’t have to pay for so much tools.

[@seke9885]

@@breadbox777true. But then again look up all the tools it takes to take apart a toilet and reinstall it. It can be easy fix sometimes or it can be a hard fix. Plumbing just like electricians low key. Could be a easy problem/fix or a very hard one. Requiring little tools for some jobs and way more for others.

[@seke9885]

@@breadbox777but def true tho. He spent a lot as a plumber for tools. In all fairness.

[@sahinapalak1044]

Yea but he’s nonunion and I worked a non-union shop and you have buy literally every tool you use at that shop I worked at. Luckily I didn’t buy any hole hogs before I got into the Union…. But I still wanna buy one

[@angyles1]

My dad was a diesel mechanic when I was growing up (80's-90's) and I remember he had a constant running tab with his Snap-On guy and paid him weekly. We were not wealthy; he made $12/hr. But he was always sucked in by the special edition silver- and gold-plated socket sets and whatnot. Tools are a serious thing lol.

[@miguels448]

Love my snap on tools, I only owe the guy $7k LOL

[@javajav3004]

big problem in the trades

[@storms13]

Here is a useful tip I have used for tool purchases. Buy the cheap one, and if it breaks within 6 months, then you use it enough to justify buying a nicer more expensive one. Otherwise, just keep buying the cheap ones

[@jaredwii123]

I use to work construction, on my experience cheap tools are not acceptable they are to much trouble. if any of the bosses saw you with cheap tools they are throwed away. you can easily borrow tools tough most people extras just clean them after using them

[@storms13]

@@jaredwii123I mean, if you know you are gonna be putting in wood screws for 8 hours a day, ya, buy a nice drill. But I guess maybe this applies for niche items? I do understand what you mean tho

[@jaredwii123]

@storms13 yea, you're right. There is no need to spend a lot of money on "just in case" kind of tools

[@onemanturret1641]

I remember when I started doing side jobs/contracting jobs. Other guys would roast me on my cheap tools and second hand tools. No regrets.

[@mithicash1444]

​​@@jaredwii123This comment shows me why you used to work construction. If your boss throws out tools that are "cheap" that boss is a moron.

[@Steve_Edberg]

So he had to get rid of his Audi because he just had to go 120-150mph everywhere he goes?? His reasoning is he doesn't have enough discipline to just not go this fast?? What is this clown talking about?? 🤷‍♂️

[@DoctorSmartyPants]

No idea. Scary.

[@DoctorSmartyPants]

I wonder if he meant to say 100 to 150 miles per day?

[@Steve_Edberg]

@@DoctorSmartyPants yeah, cause in that case trading an Audi for a full sized 3 ton truck makes a lot of sense!! 😂😂😂

[@DoctorSmartyPants]

@@Steve_Edberg maybe it's rugged terrain? That's all I can think of....difference between a sedan and a truck.

[@albin2232]

He has the desire to change, but not the willingness. He "wants to want to."

[@laundrygoddess4]

What sets Caleb far above Dave is that he's reasonable about extra expenses like pet insurance and Spotify. If people in debt had great discipline they would not be in this mess. Allowing some minor extra expenses makes a plan easier to stick to

[@brianb5723]

I'm guilty of the same exact Amazon rabbit hole. Since watching these videos I've cold turkey cut it off though. The man getting audited is honest with himself and sees how he can make improvement. You got this bro! Finish the job!

[@fopal-gang7108]

Just do drugs like normal people

[@IndiaNumberOneCoubtry]

@@fopal-gang7108yeah grab a 6 pack lol

[@theblackteardrops]

I canceled my Amazon. I also deleted the app. My goal is only going to Amazon for something that I can't find in store. Only necessary items.

[@seke9885]

@@theblackteardropsthat’s smart ma, keep it up 👍

[@M21assult]

I’m nearly cold Turkey on Amazon, but I just spent $300 on it. For the first time since January though 😂. Needed some kitchen stuff, a heated lunchbox and portable coffee maker/kettle so I can stop the fast food and coffee, and a off brand instant pot and silicone air fryer liner, and wide mouth mason jars for food prep. Think that covered everything. So all worthwhile spending. 😂 Edit: and a food scale and assorted spices. Now that’s everything.

[@elenad8712]

I started watching about two months ago and can't believe how many more people have subscribed to this channel. Going to listen and sip on my free work coffee. lol

[@CalebHammer]

Thank you 😊

[@court764]

Watching these has become my guilty habit but it is helping to motivate me to stay accountable to a financial plan. Caleb is living in my calling me stupid for anything I can't actually afford.

[@sabrinasugar2819]

Same here. Every time I go get fast food, of any kind, I hear his frustrated voice, “Taco Bell, Taquitos, taquitostacobelltacobell *quick breath* taquitosTAQUITOS!!!” 😂 I can’t remember the last time I ate at Taco Bell or had gas station taquitos… 🤣 I do have a weak spot for burgers though, so the little Caleb voice in my head stops me and gives me a chance to reflect on my choices. Thank you for stopping my impulse decisions Caleb!

[@court764]

@@droiddevx03 I'm glad someone is out here using their platform for good and helping to change the mindset of folks.

[@boo_cow]

"You've drained all my upsetness" relatable

[@erinraden9864]

I know Caleb often talks about moving back in with parents, and as a parent-granted they’re teens and I haven’t crossed this bridge yet- I would not enable this behavior without proof that they were truly trying to get out of the situation they were in.

[@NYCHFAN]

🙋‍♀️

[@AnonYmous-UserNotFound]

If any kids move back home to sponge off their parents while sorting out their financial messes they better dare not keep spending on BS! I have a sibling building a house, who has run well short of money to fund the build, with our parents now stepping in to cover costs and meanwhile the sibling and partner are spending on frivolous stuff like there’s no tomorrow! Some people just have no discipline or respect.

[@ChristianSedaPlays]

I would do it for my future son but I would take complete control over financial decisions and would have to essentially retrain him from scratch.

[@heatheranderson2618]

Yes the paying for all your tools is such a real thing! My husband worked for an hvac company and had to buy his own tools, and then when his company truck got broken into and all the tools were robbed we still had to pay the remaining balance on them and rebuy new ones! Because insurance companies won’t insure an item like that since it’s too risky 😬

[@phoeberainier]

same thing happened to us :( twice!!! absolutely sucks.

[@renee6680]

Caleb was a little more feisty in this episode. I’m here for it 👏

[@ronnie5329]

Having a white board with your debts, interest rates, budget, makes sense. He needs to find a system that works keeping track.

[@TonyCox1351]

His system isn’t his problem, it’s his spending. Dude drained his entire 401K so he could dick around. He might be hopeless

[@ronnie5329]

@@TonyCox1351 yes he also has poor impulse control, its often both

[@primroseplants]

He needs to try cash stuffing for reaaaal. It's helped me slash my spending and create healthier habits with money.

[@ronnie5329]

@@primroseplants 👍 its all about finding the methods that help create right habits

[@MichellePacelli]

​@@primroseplantswhat's cash stuffing

[@franklinava396]

Ya know, ive gotten my savings in check, stopped eating out (maybe once a week, usually eat at home. intermittent fasting has helped) ive also canceled memberships i dont need, also started my 401k. Watching this channel has really opened my eyes and while ive done all that, i think the thing im most proud about is that ive only Overdrafted once, 6 years ago due to a gym membership of all things. Keep up the good work, caleb.

[@carlariggs525]

this guy is in trouble and I don't think he realizes how serious it is. He needs a complete restructuring of his debt and a payee until he gets everything paid off. If he gets sick, disabled, or unable to work; he's toast.

[@adamseidel9780]

He just needs to stop spending money. He won’t, because all he does is make excuses and overlook the problem, but if he just stopped spending money on bullshit he could make rapid progress with his income and ability to work OT.

[@nicholasroot3729]

Holy shit this dude is down bad. Ive been so hard on myself over the $10k debt I had at the beginning of the year but man this made me feel so much better about myself.

[@RealdealSkip]

That’s still pretty bad! We’re you able to get it down at all?

[@nicholasroot3729]

@@RealdealSkip $3500 left to go.

[@pastdue7170]

​@@nicholasroot3729keep up the good work then!

[@lockmonster05]

Petition for Caleb to help people start investing and retirement after they're debt free. For his heart and sanity if nothing else 🤣

[@myfishisbubbles]

I’m not 100% sure but from watching a majority of his videos, he cannot give investing advice because he isn’t a fiduciary.

[@kellymartin2031]

Yes, I need to see that. We need the progress

[@VioletIsBulletproof]

As a financial coach, yes that is true @myfish... We must be financial advisor/planner (or be certified in giving retirement advice) otherwise we can be sued into smithereens. Caleb should NOT give financialll advice esp since hes recording and putting this to the public where its easier. Even licensed people avoid giving general advice since everyones situation is unique.

[@joshuawinters19]

Was in a tight spot, I needed to move into an apartment by the end of the week as I was sharing a tiny dorm room with my girlfriend who's a student (I wasn't supposed to be there, stressful!!) So, I took out a loan for $1000 at 156% interest 😅 😷. The term was for 9 months projected to pay a total of $1755, watching Caleb's videos helped me maintain and further my discipline. I paid it off this month (lil over two instead of NINE), only paying 1246. Effectively saving like 500 bucks, now my credit is next! After that $300 balance getting knocked I'll be debt free! Working on a calculated emergency fund of 6500. My gf and I finally have internet and are on the way to a car that'll start everytime 😎 (ours is a faulty saturn that only cranks once every 30ish minutes) thank ya Mr Hammer man!

[@rickman17x16]

Just got rid of my $520 monthly car note because of this channel. And so glad I did cause I’m getting hit with a 3k emergency dog surgery tomorrow :/

[@charlesmartinjr3971]

Sorry about your dog, but I'm glad you took steps to prepare (even if you didn't know you were preparing for THIS).

[@rachelofblueridge2593]

I had to close my Amazon account. Spent way too much money on bs there. Closing the account helped to reduce my bs spending dramatically.

[@Loooooooooooooooool]

The titles for the chapters catalogs Caleb's descent into madness, I love it.

[@Skubasteph]

I just bought a mint condition iPhone 11 for $300. Stop buying the brand new iPhone. They have barley changes made any meaningful changes for generations. Also dudes in tuns of debt and buys a $30,000 truck while still owing more than $10,000 on a car from 2010.Just asking to be in debt for the rest of his life. Wtf is wrong with people.

[@Carlos-xu5zq]

Thanks for making these videos caleb! Currently passed my 90 days at my job and im currently doing their 401k, im 21 and started up a roth ira, currently have it set at 10% since im still young and can always get in overtime or work more at my other job!

[@stephanienkurtz]

You’re going to be rolling in it when you’re retiring.

[@heychrisfox]

I make a pretty low income all around. And sometimes I get a little envious of these people on the show with higher incomes. But dang, every time someone with a higher income comes on, they're epitomizing the phrase, "Mo' money, mo' problems."

[@CC86CA]

Lifestyle creep is a very common phenomenon. The mistake people make is = “oh, I make more money, so I can spend more!” Instead of reducing or maintaining a frugal lifestyle and putting those extra dollars earned aside toward retirement or an emergency fund.

[@denobarroga]

I listen and watch Caleb’s Financial Audit throughout the day and night. The highlighted cases motivate me to steer clear of making bad financial decisions routinely. The videos encourage me to make sound financial decisions consistently. Thanks Caleb. Huge fan here. 😊

[@MindyGail]

If you have a problem with speeding, you don't have to buy a new car to stop... just stop.

[@floki_vt]

Getting a vehicle that cannot regularly do such speeds does help.

[@Joakimcomicscenter]

He used up all his anger, all that´s left is laughter!

[@tammyithink]

Nothing like a Caleb upload to help me work a little harder on a Monday!

[@Sk3Let0r89]

Companies not paying for tools is a bunch of bs.

[@justinritter3434]

3:48 auto mechanic here. We go into the industry and find out basic tools aren’t all we need. The job doesn’t provide them unless you’re VERY lucky. We often need $10k+ in tools. If we don’t have what we need, a commission based job can be given away to someone with the tools to do it.

[@johnd9357]

That’s true, but also a lot of tradies can’t stop themselves from going and getting new tools every week from the snap on truck. Those tool truck guys are predators.

[@ClubAmerica92]

Crazy how big this channel has gotten so fast, I’m not surprised but still crazy. Good for you man, continue giving advice

[@CalebHammer]

Thanks to your support!

[@Deangirl86]

I love how almost every time he asks a question, the guest starts of with So…

[@charlesmartinjr3971]

I had a friend who used to say, "Every time my son starts off with, 'So, what happened was . . ." I know he's lying!" That was fifteen years ago, and it still makes me laugh.

[@czorey6130]

Omfg 🤣 the face Caleb makes when talking about the truck warranty made me literally laugh out loud! LOVE THESE VIDEOS! Such a help to so many!

[@KitKat10281]

Caleb, i really needed to hear your "your life is worth it, you are worth it" peptalk! Thank you! ❤

[@nixvon]

the stare at the camera after he said he got the truck because it was red😭

[@unskilledlabor1]

$811 a month for 72 months Good God man

[@984GR]

Glad I found your channel. You are one of the reasons my mindset about my finances has changed. We were deep in a hole with no way out but we are steadily climbing up and out. Keep it up sir.

[@mangafoxkingvb9991]

Hey Caleb, would it be possible to expand the intro a little bit, by a minute or two, to ask questions about the person's career? One of the cool things about your videos is that you meet a lot of folks from a variety of different background. It would be awesome to learn more about what a workday look like for the person, like what the hours look like, how it's spent, why he or she chose that job/career. It would also be interesting to see what their vision for the future looks like.

[@zbrlvr]

I agree! Ask questions about how many people live in their home (dependants they have, etc) and how their situation is. Things like this would make a huge difference in how the budget is laid out

[@dudebrodude4388]

The earlier videos seem to have more of that, I guess in this one he cut the foreplay and got right to the effin

[@robcamp1962]

"You really DO like red... since all your finances are in the red". BADUM CHHHHH! Savage. Love it lol

[@AnalyticalMenace]

😂🤣💀

[@eliseg0001]

32:08 my pet insurance has more than paid for itself too! My dog’s heartworm (~$2000 altogether I think), emergency stomach surgery to remove socks ($6000), chocolate ingestion ($500) and more have been covered. If you’re able to find one with a low monthly cost (Embrace allows you to lower monthly cost with a higher deductible and capped coverage) it can be worth it

[@TriHard612]

I tell everyone that i know to get pet insurance, even if it just covers major things and not regular visits. After an unexpected $5000 emergency it is worth the $20 per month. You don't think about that until your pet is sick or injured. The cost is on par with a regular hospital and you need insurance for that.

[@ctestare2625]

@46:00 Caleb’s psychotic laugh 😂. Debt was so bad it made Caleb lose his mental sanity

[@FabiWann]

Getting into debt for pets is so stupid. People, don't get pets if you do not have an emergency fund, they'll set you back.

[@sourdoughsavant22]

This drives me crazy too 😅 when I tell people how much I save each month on my lower income they have a bunch of buts. But you live with your partner But you don't have a car payment But you're not in a membership with dues But you don't have pets But you know how to cook But you dont.... A lot of these are choices or things you work up too. I learned to cook, I buy in bulk, I don't buy things I can't afford, ill save up instead (this includes a pet), I buy most things used Life doesn't need to be so expensive, just learn to like yourself and you won't need so much stuff or a support animal

[@samanthagwynne]

In my opinion, it's the most acceptable thing to get into debt for besides your own medical expenses. Yes, people SHOULD have an emergency fund and/or pet insurance and financial means before adopting a pet, but if you already adopted a pet, then you do what you have to in order to care for them because you agreed to it when you took responsibility for a living being. And if this dude is going into debt just paying for dog food, he's just bullshit spending on other things and using debt for the dog because at 4k a month after taxes is more than enough for some dog food. Buying material junk and eating out is way worse.

[@JMidwestern]

Having pets has become a luxury these days. I cannot get out of the vet's office for less than $400. The price increase at the vet's office and pet food has been astronomical. I once had pet insurance but they never paid out more than I paid into them in annual premiums.

[@JosieThenFarmer]

@@JMidwesternthe pet insurance thing isn’t bad. My puppy is sick. He’s one and a half years old, they cover around 75 to 80% of his vet bills. They already gave me more then I’ve spend in monthly fees.

[@Rpcbasquiat]

Yea I had a rabbit before it set me back 300$ a year and it lived for 4 years

[@TheBrownGunner]

I worked as a parts puller in a junkyard. The reason we buy so many tools is because most jobs don't wanna spend the money, have crappy tools, and if they do spend a pretty dollar on tools there would barley be enough for one. Sure you can argue to go to harbor fright instead of snap on (what I would do) but snap on drives to our locations and allow us to have payment plans. It's kinda fucked.

[@TheBrownGunner]

@wordsalad01 one of the few tools I bought was a valve stem core remover, cost me 45 dollars when I could've spent 10 dollars or some damn tweezers.

[@donaldlyons17]

@@TheBrownGunner As long as you have the money over time and can pay it does the cost of a tool you need really matter? I always feel taking care of an aging car is worth it because it is how I make money so if I can afford to take care of it why not do so?

[@WhiteMexHD]

Signing the petition for check up episodes ✍️

[@abigailwinn4700]

Can relate to the pet debt mistake. I love my ESA so much, and he has helped my mental health tenfold, but I did not prepare myself financially for taking on his care as much as I should have, and it has come back to bite me more than once. In the future, if I decide to bring a pet into the home again, that pet's costs will be calculated and added to the emergency fund BEFORE adopting. 🙃 thanks for the hard lesson, 22 y/o me...

[@Pico_444]

32:54 Aint no way this dude bought into the Andrew Tate scam

[@laurasalsa]

Great episode. I would ask him to pay 'rent' as a parent and put it in a separate account to give back/pay of loans. I wouldn't want to enable the BS spending 😅

[@popomomo12]

Mr caleb, he rolled his previous loan into the truck loan adding 11k to the truck cost of 31k. Additionally he was upsold an extended warranty that covers beyond factory limits. It is kind of worth it if you already signed a loan or youll end up with a truck you make payments on that wont be driven

[@clo2715]

The Carfax report saved me yesterday. A nephew of mine was selling his car he bought last year and I was thinking of buying it and I got a Carfax report and we both found out that he got screwed when he bought the car last year. They moved the odometer back 100,000 miles right before they sold it to him. The car passed smog at the same time so now I wonder if that's even legit it probably doesn't pass smog either.

[@rafeenaqvi8819]

I will pray for you tonight. I wish you all the support I can give. Please don’t give up and you will make it out of this terrible situation

[@ppoppoiop6336]

I don't know which Caleb schtick I like better: "Good lad" or "Hinge Super Premium Plus." 😭

[@dustythorpe9625]

When Caleb’s voice goes ultra sonic and only dogs can hear it…. I’m like oooh you made dad mad. Someone was stupid! 😆

[@slow2respond862]

Thanks Caleb. You helped me realize that I needed to get my finances in order. Ended up paying off my credit card and bumping up my credit score by like 95 points to get it to a 760. Woot woot!!!

[@kryrimstercat]

Man i just started watching these and its made me realize i have not made good financial choices. I havent made any terrible ones i dont think, but i have most certainly not made good ones

[@HumbleHuddle]

Praise be for the financial literacy!! Thanks Caleb!! 💰

[@nbdr0nin505]

I guarantee those payments he doesn’t want to say are probably onlyfans 😂😂

[@jasonlecreux1175]

I do disagree with you on the car warranties. Not ALL warranties are bad. If it’s through the manufacturer and an OEM loan, it is worth the price. As a technician, a single computer module goes bad, 9 times out of 10 the warranty pays for itself at that time. I hate seeing people without manufacturer warranty because of how complex new vehicles are now, they are much more expensive to fix compared to 10-15 years ago while warranty costs haven’t raised as much.

[@hoobidibahentertainment6496]

Nothing quite like a new episode of Financial Audit to give you the kick you need to get out of bed and go to work 😂😂

[@eggychelle]

love spending my monday mornings with you caleb!! you’ve put me on the right track for the best financial future

[@dudebrodude4388]

He's on Hinge

[@CalebHammer]

@@dudebrodude4388it’s true

[@iwant2haveu]

@@dudebrodude4388he’s not gay?? :D

[@Ms.Bree8403]

If I put away a $1.00 every time Caleb curses, I'll have a hefty savings 😂

[@skylarmacomber5005]

I have to add that as a plumber is crazy how many random little tools you need it all adds up like crazy. I spent so much money in my first couple years of plumbing

[@PiroFyre]

One thing to note on Caleb about the tools, there's always cheaper options for tools. BUT buying a higher quality tool will last you a longer time as the cheaper stuff usually breaks. And with any trade jobs, time is money and you can't afford to have a tool out of commission if you need to use it. Also, a good amount of trade jobs out there require you to buy your own tools. Automotive techs are a huge example of not cheaping out on tools. Especially torque wrenches. You REALLY can't cheap out on those as they are mostly a precision instrument.

[@cautiousculpeo]

I think Caleb would have a heart attack if he looks into the massive scam that Snap On is for tools and how mechanics will spend over $100,000 on EMPTY TOOL BOXES. Lol

[@Jeeperanthony]

Just a note, the glass meal planning kits are wayyy safer than having crap leech into your food from the plastic ones.

[@maryanneg6230]

And last way longer

[@unavoidablycanadian397]

Yes, but why buy glass dishes for meal prepping? ESPECIALLY when you buy fast food and gas station food? I prefer my glass food storage containers, but they still have plastic lids.

[@Chr15py]

I'm very curious about Caleb's past and the mistakes he's made. He brings it up a lot but does not provide much context, and I'm sure we all could learn from them

[@funginimp]

A psychologist would have a great time dissecting Caleb's personality. If he gets big enough it will probably happen.

[@homewreckerburrito]

@@funginimp A psychologist should not attempt to dissect the personality of someone they see on youtube. The absolute clown car youtube psychologists who do this are full of it.

[@Ouro44]

“When it got wrecked, they upgraded to an XLT” my man got bait and switched a more expensive truck worth less than what he went to buy. That dealership HOSED him

[@froggore52]

Note to self before I go on Financial Audit: delete my Amazon app.