Spending All Of His Money On Cars | Financial Audit

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Caleb Hammer

Caleb Hammer

Күн бұрын

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@CalebHammer
@CalebHammer 2 жыл бұрын
Cash pile 🤣 still way better than most though! Love this guy, give him some love in the comments!
@yougottowinsometime7470
@yougottowinsometime7470 2 жыл бұрын
New audit welcome to the financial audit couch 🛋️
@misheck8933
@misheck8933 2 жыл бұрын
What's his home address and work schedule 🤣🤣
@MrNichXD
@MrNichXD 2 жыл бұрын
lol this guy sounds just like me.. I'm 24 about to start a $24hr job and I flip cars on the side, I'm working to get my dealer license. My main focus is to grow my credit to over 700 so i can use a credit card to get cars from the auctions and not cash...
@michaeltylerstewart
@michaeltylerstewart 2 жыл бұрын
What is Cherry Box!? Google isn't being very helpful
@brooke86
@brooke86 2 жыл бұрын
I have a cash pile too 😂 I put 25% into retirement and on the side I do the 100 envelope challenge to save just over $5000 every couple months cash. I spend less with cash too. I plan on dumping it into an investment account when I see the market come down some more. But it’s in a fire proof safe that won’t be found.
@NathanHickeyP
@NathanHickeyP 2 жыл бұрын
*Caleb eyes the Big Smoke purchases and rolls ups his sleeves and gets ready to take off his glasses, rub his eyes, and put the poor man on blast* "I buy non-alcoholic beers, I've been sober for like 7 months now." *Caleb, leaves glasses in place* "Oh, that's really cool." *Man lives another day*
@drtij_dzienz
@drtij_dzienz 2 жыл бұрын
I don’t know. I drink nonalcoholic beer myself, but $8.94 every day? Hard to picture someone drinking that much of that stuff. I don’t smoke, but isn’t 894 more congruent with a pack of fancy cigarettes?
@VeluzM
@VeluzM 2 жыл бұрын
​@@drtij_dzienz agreed. As someone who has been to AA and is also now sober, $200 on non-alc beer a month is way too much and could be seen as still drinking by some.
@87Strong
@87Strong Жыл бұрын
@@VeluzM Right...? It's the behavior thats ehh. But congrats on you and him for sobriety! It's not easy!!
@nineteenfortyeight
@nineteenfortyeight Жыл бұрын
"Non- alcoholic " beer contains alcohol. He's drinking a lot of it. He's having alcohol.
@KitKat10281
@KitKat10281 Жыл бұрын
​@@drtij_dzienzas someone quitting smoking, a pack of fancy cigs is closer to $11 a pack in my area
@akaCONSTANTINE
@akaCONSTANTINE Жыл бұрын
I'm only just watching this a year later after binging your vids and... this was the most feel-good episode I've seen yet ☺️ He's actually listening to advice, thinking deeply about why he does what he does, and is hopeful you'll help him do good things! What a lovely human being. This episode made me smile ☺️
@MsSarahJam
@MsSarahJam Жыл бұрын
I'm hoping he returns for an update.
@heyiam4554
@heyiam4554 2 жыл бұрын
This channel is so great because it speaks to the real person with a real salary. I've followed many personal finance channels of folks who usually have high or exponential incomes to cancel their budget that just leave me feeling terrible. These videos encourage me as a low-income earner to be intentional. Honestly, I've reduced my spending on bs because I see the light at the end of the tunnel when I watch these videos.
@CalebHammer
@CalebHammer 2 жыл бұрын
That’s amazing :) that is so great to hear!
@heyiam4554
@heyiam4554 2 жыл бұрын
@@CalebHammer Thank you for your hard word. Can't wait to buy you a coffee once I get my budget in order. :)
@christystewart5880
@christystewart5880 2 жыл бұрын
OMG he is precious! He seems to be open to what is being offered. I hope all his dreams come true!!!! I am so proud of him for getting sober and being so vulnerable and open on the internet in order to better himself. If I had a daughter I’d be trying to play Mama the Matchmaker.
@moroccobama
@moroccobama Жыл бұрын
You deserve all your dreams to come true for wishing that for others
@camb-t8p
@camb-t8p 2 жыл бұрын
It’s so interesting watching people work through the logic of their financial decisions in these vids. I’ve had so many moments where my husband will ask “wait… why did you spend that?” And I swear when I was doing the spending, it made total sense in my head. But when I have to articulate it, I realize how weird my thinking was. Hope he puts that mattress money to good use! 😂
@CalebHammer
@CalebHammer 2 жыл бұрын
Yeah! That's true haha, I've done the same
@jesswatt5824
@jesswatt5824 2 жыл бұрын
Regular dude, workin' hard, making mostly good money decisions! Love it.
@CalebHammer
@CalebHammer 2 жыл бұрын
Yeah!!
@trent797
@trent797 2 жыл бұрын
Well he just admitted in public that he has $10K in cash laying around, so yeah, probably now is a good time to put that in the bank. Plus, the bank is insured for up to $250,000.
@rachelsnow8448
@rachelsnow8448 2 жыл бұрын
i imagine he has since put it in the bank
@euenfheiejrj
@euenfheiejrj 2 жыл бұрын
As someone who works in AML, I’m dying. CTRs buddy! And don’t think you can just split the cash, that’s more suspicious!
@Antassium
@Antassium 2 жыл бұрын
This man is a breath of fresh air with his minimal financial flaws. I wish more people were more careful.
@ivanfuentes1035
@ivanfuentes1035 2 жыл бұрын
This guys seems like someone who's really getting his life together, so honestly, finances are not 100% priority and I understand that. I think instead of advising, just telling him DO THIS and he will DO THIS.
@rachealborders
@rachealborders 2 жыл бұрын
This is probably the most relatable financial goals from a person I've seen you interview. It's funny, because we do something similar when we buy a car, we make sure it's something we can work on ourselves
@CalebHammer
@CalebHammer 2 жыл бұрын
Oh nice! :)
@bendaga
@bendaga 2 жыл бұрын
He reminds me a lot if myself. I have been buying cheap cars and fixing them up for years. The hard part can be developing an “attachment” to certain vehicles in the process and unforeseen costs.
@CalebHammer
@CalebHammer 2 жыл бұрын
For sure!
@ehren5347
@ehren5347 2 жыл бұрын
Good job dude on being sober, I'm 19 months sober. It's a real struggle.
@CalebHammer
@CalebHammer 2 жыл бұрын
Very proud of you!!! You're amazing!!
@WhatIsThis-zq4hk
@WhatIsThis-zq4hk 2 жыл бұрын
When Caleb takes off his glasses that’s when you know you messed up
@CalebHammer
@CalebHammer 2 жыл бұрын
hahahah, I don't even know I'm doing it
@choreomaniac
@choreomaniac 2 жыл бұрын
I realized that one semester of mandatory auto shop in high school would save people tens of thousands of dollars over peoples lives. Avoiding scams. Doing small repairs themselves (filter and light and wiper exchanges) , feeling confident in buying used rather than new. Changing their own flat tires. I guess it would be more of an “intro to car ownership and maintenance” class .
@CalebHammer
@CalebHammer 2 жыл бұрын
That's true. I would have hated it lol, but that's very true
@choreomaniac
@choreomaniac 2 жыл бұрын
@@CalebHammer I would have thought it was a total waste of time. I was prejudiced and thought only the losers took shop. But if they did scenarios of going to an auto shop and interacting there as well as a showing the cost of financing a car for 40 years vs paying cash. I really think dumb car purchases and repairs are the biggest source of money trouble for young people especially.
@fire-financialindependence4764
@fire-financialindependence4764 2 жыл бұрын
It's great that he is segmenting his savings from his checking account to avoid the temptation of overspending. Not great that he is stuffing it under his mattress 🤣🤣🤣
@CalebHammer
@CalebHammer 2 жыл бұрын
Yeah hahaha
@danielponder690
@danielponder690 2 жыл бұрын
"cash is just fun coupons" I love that! I definitely understand spending money on a passion/interest. I have a lot of instruments and some I need to sell...
@ashleyrae2461
@ashleyrae2461 2 жыл бұрын
While I do find the episodes where you “yell” at people entertaining. I enjoy that you got the chance to explain more about basic investing and he got to ask questions similar to what I would ask!
@CalebHammer
@CalebHammer 2 жыл бұрын
For sure!
@emikosawanobori6946
@emikosawanobori6946 2 жыл бұрын
This was very heartwarming. Not sure if he's trying to turn his life around from addiction but he's doing a great job. Seems like a nice guy who just wants a little bit of advice. Also, I'm not from Austin but I'm mostly here for Caleb's hot takes on local eateries.
@artvandelay6457
@artvandelay6457 2 жыл бұрын
Love these, this guy is smart - just needs direction on the savings
@CalebHammer
@CalebHammer 2 жыл бұрын
Yeah! :)
@lot2196
@lot2196 2 жыл бұрын
When I was a young man it was 50-60 hours every week for years. Some Sundays and holidays, double time. Saved up for my 20% down payment for first house rather quickly.
@quixomega
@quixomega 2 жыл бұрын
"cash pile" is not a phrase I was expecting to hear in this video. This guy's spending isn't out of control, but he could improve by being a bit more intentional.
@tdgdbs1
@tdgdbs1 2 жыл бұрын
Cash is king when buying used cars; completely legit if he is flipping cars.
@CalebHammer
@CalebHammer 2 жыл бұрын
I'd love to see that money working for him instead of losing value!
@oakspro2998
@oakspro2998 2 жыл бұрын
You mean a budget? lol
@bh4462
@bh4462 2 жыл бұрын
He just seems a little aimless more than anything else. But he does seem pretty responsible at the very least, so I think he'll do well.
@lilmeower
@lilmeower 2 жыл бұрын
Would love to have this dude back for car knowledge. I know you hate car debt but When someone doesn’t know anything about cars, finding a cheap beater that can actually run reliably really seems impossible. Without the education, there is no possibility. Love going to your channel for entertainment but it wouldn’t hurt to have more education too!
@letsgetjackdup9952
@letsgetjackdup9952 2 жыл бұрын
Caleb I love how you're so invested in their finances.
@CalebHammer
@CalebHammer 2 жыл бұрын
I really want them to do well!
@ramonalofgren5552
@ramonalofgren5552 2 жыл бұрын
Dante is awesome and has got this. Congrats on 7months sober and many non-alcoholic beer brands taste great. Laughed at the cash pile. Fixing cars-even breaking even is saving a car price. He also seems to be a hard worker, his eyes lit when talking overtime. Unloading shingles from a conveyor belt is hard work. Benefit. Don’t need a gym membership or free weights in your basement to be fit!
@nineteenfortyeight
@nineteenfortyeight Жыл бұрын
He's not sober. He drinks large amounts of low-alcohol beer.
@KitKat10281
@KitKat10281 Жыл бұрын
​@@nineteenfortyeightdepends on what he's drinking. There are a few zero-alcohol beers out there. So, he technically could be a dry drunk. At least he's not drinking fully-leaded anymore! 😂😂
@lynnettemurphy8243
@lynnettemurphy8243 8 ай бұрын
​@@nineteenfortyeightHe said he drinks NON alcoholic beer.
@sofiabl12
@sofiabl12 2 жыл бұрын
He seems so sweet , I wish all the best for him !
@Jvirtsmedia
@Jvirtsmedia 2 жыл бұрын
Yes, love these videos Caleb. You’re on top of the game banging out multiple vids on a week. Congrats on the 1 millions likes on tiktok
@CalebHammer
@CalebHammer 2 жыл бұрын
Thank you so much!
@truongnguyen93
@truongnguyen93 2 жыл бұрын
Thanks Caleb, I'm a high earner but never learned basic finance. Watching these videos has really given me perspective on how much better I could be with my spending
@fernandamartinez-bautista5274
@fernandamartinez-bautista5274 2 жыл бұрын
You’ve made me realize so much of what I do with my income and I’ve learnt so many tips from your videos. Everything I’ve learn from you, I try to teach my friends & family! Thank you Caleb!
@CalebHammer
@CalebHammer 2 жыл бұрын
That's amazing!! I am so happy to hear that :)
@CheckThisOut1
@CheckThisOut1 2 жыл бұрын
@@CalebHammer i dont think shes qualified to teach her friends and family money tips lmao
@shanodhillon
@shanodhillon 2 жыл бұрын
@@CheckThisOut1 its not that serious. she didn't say she was their financial advisor Lol. just tips.
@Golden63
@Golden63 2 жыл бұрын
As an immigrant who came to US for grad school on my own, and was paid humbly during grad school, I could totally understand why he didn’t want to put his hard-earned money in the bank. After I graduated and found an industry job, I once worried about extremely unlikely things such as the bank went bankruptcy (even though I know about FDIC) or technical glitches from the bank. It’s just a sense of insecurity after long periods of stress. I think, to ease his anxiety, instead of asking him to put all the savings into one* bank, ask him to spread his money into several* different high-yield savings accounts. It would add an extra sense of security that he didn’t put all his eggs in one basket.
@billhotman8878
@billhotman8878 2 жыл бұрын
This guy is going to be just fine. All he needed was a little guidance. By the age of 30, his financial situation will likely be better than most.
@JamieAmos
@JamieAmos Жыл бұрын
This guy is so likable - wishing him all the best!
@Bluesky56182
@Bluesky56182 2 жыл бұрын
Nice to see one over someone who isn’t in a terrible financial position. Love this series!!
@fire-financialindependence4764
@fire-financialindependence4764 2 жыл бұрын
I'm picturing Jante with a Breaking Bad style cash pile at home that he uses for a bed 🤣🤣
@CalebHammer
@CalebHammer 2 жыл бұрын
hahaa
@walterhollman8735
@walterhollman8735 2 жыл бұрын
I think he's not too far from being in a great position. Not being "stuff" oriented already has him ahead of the game. lol
@CalebHammer
@CalebHammer 2 жыл бұрын
Yeah for sure!
@sleepwalkinpyro
@sleepwalkinpyro 2 жыл бұрын
Stoked to see a regular dude on here!
@austintehguy
@austintehguy 2 жыл бұрын
this one cracked me up - also yeah I'd love to have more car skills beyond oil & light changes because it's easy to find fixer-uppers where I live, but decent used cars are scarce
@rubyette
@rubyette 2 жыл бұрын
This was a good episode. Less stressful 🤣
@CalebHammer
@CalebHammer 2 жыл бұрын
hahah good!
@WinnieCarter
@WinnieCarter 2 жыл бұрын
Love your videos so much!! One thing that might be interesting to see is their actual budget compared to their spending. I know a lot of people might not write their budget out, but it would be cool to compare what they say they budget to their actual spending if possible
@CalebHammer
@CalebHammer 2 жыл бұрын
Yeah! Great idea!
@kylem2010GT
@kylem2010GT 2 жыл бұрын
I hope you remind your guests to re-watch their episode as many times as they want, to stay on track!
@CalebHammer
@CalebHammer 2 жыл бұрын
Yeah :)
@87Strong
@87Strong Жыл бұрын
Actually a really good idea!! 😅
@MaryRalladi
@MaryRalladi 2 жыл бұрын
Loved this guy! He's on the right track, and with the advice from this session he'll be well on his way to getting the home for himself. Just ahhh no more stockpiling cash 😅 (it's also nice seeing normalish ppl, and what little tweaks they can make to help themselves)
@grazynawolska8160
@grazynawolska8160 2 жыл бұрын
People can easily break in and rob you, it happened to a friend who stockpiled 5k.
@kaianthony8077
@kaianthony8077 2 жыл бұрын
I agree on the NA beers - I'm spending almost 90 bucks a month now that there are brands that actually taste decent.
@CalebHammer
@CalebHammer 2 жыл бұрын
I get that!
@rcgmig
@rcgmig Жыл бұрын
this is one of my favourite episodes so far. thanks for these caleb, I really really enjoy them.
@SpoonHurler
@SpoonHurler 2 жыл бұрын
Really proud of anyone that is fighting addiction. I'm not thrilled with the 200 on going to a smoke shop almost every other day for beverages honestly. If the Zima plan is helping I'd want him to get a week or two's worth at a time. Cause if its helping and he shows up and they are out its a problem, and if just going to the place is more of what is making you feel better than you need to explore that. I do think he's on a great path, get that emergency fund knocked out and he's golden. The amount of stress you lose knowing that you are covered for 6 months is very hard to express.
@CalebHammer
@CalebHammer 2 жыл бұрын
Well said
@shitboxoffroad
@shitboxoffroad 2 жыл бұрын
I wonder if he can find a way to find the non alcoholic beer elsewhere cheaper.
@SpoonHurler
@SpoonHurler 2 жыл бұрын
@@shitboxoffroad I was thinking about that too... but the price of everything is out of whack so I have no idea what a good price for much of anything is LOL and if it what is keeping him on the right path its worth it, if its not putting him in debt.
@7_11devin2
@7_11devin2 2 жыл бұрын
Only thing I look forward to on Mondays is a new episode of financial audit and industry on hbo
@CalebHammer
@CalebHammer 2 жыл бұрын
Thank you :) and I like that show too!
@qcspt
@qcspt 2 жыл бұрын
Cash is fun coupons for me too! It doesn't hurt for me. Spending on my credit card registers more. =D
@CalebHammer
@CalebHammer 2 жыл бұрын
Exactly!
@beckyboo7484
@beckyboo7484 2 жыл бұрын
He's a good guy and you will go far in life ;)
@CalebHammer
@CalebHammer 2 жыл бұрын
He will!
@debasishraychawdhuri
@debasishraychawdhuri 2 жыл бұрын
This guy knows what he does with his cars. Other people pay for their cars. He not only drives them, he makes money flipping them.
@jaad9848
@jaad9848 Жыл бұрын
Putting "leather" interiors into $1200 dollar car is going to cut into the resale profit.
@HonoraryBoomer
@HonoraryBoomer 2 жыл бұрын
Car spending makes sense to me because it's also his transportation, even if he lost a wee bit of money selling these cars that he fixed up, they still provided him with transportation in the meantime.
@catgrrr1
@catgrrr1 2 жыл бұрын
Plus it sounds sort of like a creative/hands on hobby, so he probably gets a lot more joy and fulfillment from it that is worth something even if it’s not financial
@studydude
@studydude 2 жыл бұрын
I too am in Boise, I like his ideas, and he is on the right track, don't see many or any negative financial mistakes. We all want to buy a house in Boise, but the real estate suddenly skyrocketed up 3x in value in just like 3-4 years literally.
@jlovesj3335
@jlovesj3335 2 жыл бұрын
I'm a "car guy" but got my dream car for a good price! I have to refrain myself from wanting a newer faster car but I look up my cars MSRP and remind myself that some idiot paid $33,715 for my car. Soon the 2022 Chargers will be cheaper lol
@CalebHammer
@CalebHammer 2 жыл бұрын
For sure!
@shelbys2750
@shelbys2750 2 жыл бұрын
I've only watched a handful of your videos, but no one you've talked to seems to keep very close track of their money. We know where every penny goes.
@cheyennebeeler560
@cheyennebeeler560 2 жыл бұрын
I spent 725$ this month on food .-. just for myself..... I would have so much savings if I could just stop eating out.
@SpoonHurler
@SpoonHurler 2 жыл бұрын
I spent 650 myself... food is just really expensive, especially if you want to eat healthy. 725 doesn't seem out of hand, but cutting back on unplanned eating out is always a good call.
@CalebHammer
@CalebHammer 2 жыл бұрын
What matters most is % of income!
@ewidontlikeyou
@ewidontlikeyou 2 жыл бұрын
omgggg I thought my 400 was bad just on my expensive grocery trips .
@timothygibney159
@timothygibney159 2 жыл бұрын
Just don't do it. I faster and went hungry and saved hundreds and lost 15 pounds. Canned beans are only $1.23. food is so over rated and will get you broke fast
@soapa4279
@soapa4279 2 жыл бұрын
That’s about $25 a day. Breakfast, lunch, and dinner, that’s not THAT bad.
@choreomaniac
@choreomaniac 2 жыл бұрын
Hammer time! Clicked so fast on this notification.
@CalebHammer
@CalebHammer 2 жыл бұрын
haha thank you!
@patrickandresen4356
@patrickandresen4356 Жыл бұрын
7:35-9:35 is officially my favorite couple minutes of financial audit ever. Dropping this comment so that I hopefully stumble upon it again someday
@enginerd8897
@enginerd8897 2 жыл бұрын
Ugh. In Chicago we have high property taxes AND income tax. I just assume I lose about 50% of my income to taxes alone.
@CalebHammer
@CalebHammer 2 жыл бұрын
And pretty bad condo association fees too!
@Bostongreenm3.
@Bostongreenm3. Жыл бұрын
I can definitely relate to this guy in so many ways with both the financial part, and the car situation. I find myself also doing similar things with cars because I’m a car guy. And as much as i love cars, I try not to think emotionally when i purchase them. I only purchase a car when i can get it significantly cheaper and i know i will profit off of it when i sell. I purchase the car and enjoy it for a little while, fix it up a little if needed, then sell it for a profit. Most recently i was able to purchase a car worth $6,500 for only $2,600 that i am daily driving. All it needed was rear brake pads. In the last 3 years i have gotten extremely good with finding cars for way cheaper than average. Now for the final way i can relate…. I also need to learn how to use my money to make money in a high yield savings account.
@adamseidel9780
@adamseidel9780 Жыл бұрын
Sounds like a fun little hobby with the ability to turn a profit and make driving cheap. It costs you a lot of your time, but if you enjoy the time spent it’s a win-win. I’d hate it.
@conorkamperman957
@conorkamperman957 Жыл бұрын
I cant believe u took away the guys breakfast burritos 😂😂. Great videos keep up the good work
@Winston0Boogie
@Winston0Boogie Жыл бұрын
"No state tax. Our property tax is evil." Laughs in my NJ accent
@tabithaedwards745
@tabithaedwards745 2 жыл бұрын
Stay with your current job at the roofing place. Trucking you make way less. Unless he's yarddogging at a yard.
@CalebHammer
@CalebHammer 2 жыл бұрын
It's at the same place :)
@melc900
@melc900 Жыл бұрын
It's funny seeing Caleb surprised about buying engines off ebay as buying and selling car parts on there is like my dad's whole job lol
@survivor-man-pro9062
@survivor-man-pro9062 2 жыл бұрын
FYI: Caleb, Boise has it worse... We are talking houses that were 95k in 2009 going for 600k plus and 3 breadroom houses rent at 2500... Plus our medain (household income) is still like 50k here....lol I've got like 50k for a down payment and it's not really helping XD
@soapa4279
@soapa4279 2 жыл бұрын
Wow 600K for a 3 breadroom house, that’s sourdough expensive
@Droopy578
@Droopy578 2 жыл бұрын
I’m a car guy, have been for years. I would buy and sell cars as my side gig. I’d drive some then sell them for profit. The profits were always separate from my checking. And I’d never merged the two. Call it what u want, that was my Car money
@Iphone3gsFTW
@Iphone3gsFTW 2 жыл бұрын
Caleb! I love these videos man. Especially your zoom in effects when you hit your papers 🤣🤣🤣
@CalebHammer
@CalebHammer 2 жыл бұрын
hahah thank you
@genxretiree
@genxretiree 2 жыл бұрын
He could definitely keep some cash out if he's worried about overspending but fire bro. Fire burns cash. And you shop at big smoke. At least if the money's in the bank it's FDIC insured. Disclaimer: put it in a bank that's FDIC insured (or a credit union that's insured by the NCUA).
@Jo-qb1xe
@Jo-qb1xe 2 жыл бұрын
That Intro is awesome 👏
@CalebHammer
@CalebHammer 2 жыл бұрын
Thank you!
@christopherrosas2738
@christopherrosas2738 2 жыл бұрын
cash is amazing if you can keep track of it, but most people who work in cash don't and that's usually why they struggle.....
@CalebHammer
@CalebHammer 2 жыл бұрын
I feel that
@OmarLeon-ew5gg
@OmarLeon-ew5gg Жыл бұрын
Congratulations one your sobriety!!
@thetruthhurts9220
@thetruthhurts9220 2 жыл бұрын
Haha this is similar to my situation. I buy and sell cars too. It’s fun but frustrating at times
@Alexinpomona
@Alexinpomona 2 жыл бұрын
He’s doing ok. Good guidance Mr Hammer 🤟
@gregallen1381
@gregallen1381 2 жыл бұрын
A video on hedges against inflation would be cool !
@CalebHammer
@CalebHammer 2 жыл бұрын
Oh sure!
@daphne10120
@daphne10120 Жыл бұрын
I feel attacked for my much smaller cash pile 😂. I hear you Caleb, I’ll put it in my actual savings account
@AndrewWoodford
@AndrewWoodford 2 жыл бұрын
I just moved from Idaho and Maverik is a Gas Station so some of the more expensive trips might have been Gas. He is doing pretty well! Just needs to move out of Idaho to buy a house like I did.
@AndrewWoodford
@AndrewWoodford Жыл бұрын
@@nathanballance2347 It used to be but it went insane during the height of the pandemic. My house more than tripled from 2017 to 2022. $100,000 to $330,000.
@nateedmiston5485
@nateedmiston5485 2 жыл бұрын
I definitely need to have a conversation with you for a financial audit even if I’m in Michigan!
@CalebHammer
@CalebHammer 2 жыл бұрын
Maybe over christmas time when I'm in kzoo!
@nateedmiston5485
@nateedmiston5485 2 жыл бұрын
@@CalebHammer I’d definitely be interested, i also emailed your team and they said maybe for the video episode you do! So we shall see!
@Gmac705
@Gmac705 2 жыл бұрын
People are nuts about cars. I can't help but roll my eyes whenever I hear someone say they wanted a more "reliable" car. New cars are some of the least reliable cars on the road. Look up the bathtub curve on cars. That is doubly true for any time it's a new model year or large revisions in the newest model year. I can understand why some people might want a warranty on a car. However, the amount people spend for that peace of mind is crazy. The key to being a happy car owner (assuming you don't like to wrench on it yourself) is to find a good and honest mechanic. The amount of money they can save a person is mind-blowing. It's not like cars aren't going to require work or repair. It's just a matter of how much you are going to pay and to whom. I think people forget that cheaper cars are normally also cheaper to repair. An old Toyota may not be the sexiest thing on the road but when it blows a water pump. It's only going to cost a few hundred bucks to get those repairs and that car is right back on the road. Just don't buy old luxury cars. Nothing is more expensive in this world than an old BMW with more than 100K miles on it.
@Liimpy
@Liimpy 2 жыл бұрын
Hearing about the cash pile devastated caleb..lol I keep cash reserves also, and i give myself 100/wk petty cash allowance.. sometimes its nice to have cash and not have to run my card for small things like a bag of chips or fountain drink, anything under say 20bucks.. i pay cash
@CalebHammer
@CalebHammer 2 жыл бұрын
I get that!
@DrakeNAllen
@DrakeNAllen 2 жыл бұрын
You guys don't have Maverick gas stations down in TX?? Maverick are the best, always the nicest gas stations. WHERE ADVENTURE STARTS
@CalebHammer
@CalebHammer 2 жыл бұрын
Maybe! I prefer buc-ee’s down here for adventures lol
@DrakeNAllen
@DrakeNAllen 2 жыл бұрын
@@CalebHammer haha I have heard about those!
@POINDXTRMUSIC
@POINDXTRMUSIC 2 жыл бұрын
Yay financial audit!!! Caleb, what are some of your favorite KZbin channels?
@CalebHammer
@CalebHammer 2 жыл бұрын
Long list, but my OG fav channels are Rooster Teeth, let’s play, and achievement hunter!
@POINDXTRMUSIC
@POINDXTRMUSIC 2 жыл бұрын
@@CalebHammer full gamer status confirmed ✅ recently I’ve been liking Wendigoon, Mr Mythos, Trap Lore Ross and Well there’s your problem. And of course this gem ya got here
@CruzzzControl1984
@CruzzzControl1984 Жыл бұрын
I like to keep cash on hand too. Especially if he's buying cars to fix up. A lot of sellers would just prefer cash in hand, so he probably just has it so he can make a quick deal. There's nothing better as a seller in my opinion than getting an offer from some one and them saying they have cash on hand and are ready to meet up
@eyeamlexii
@eyeamlexii 2 жыл бұрын
missed opportunity to include the fun coupons gif from WoWS 🤣
@CalebHammer
@CalebHammer 2 жыл бұрын
haha
@soapa4279
@soapa4279 2 жыл бұрын
Very little needed for his situation, just a little guidance and he’s on track to live well.
@JacobNelson2014
@JacobNelson2014 Жыл бұрын
Funny thing about Boise is the number 1 Uhaul drop off in the country. More people are moving to Boise than anywhere else in the country. So he is right, the market is insane there.
@hunnymilk-brunch5117
@hunnymilk-brunch5117 2 жыл бұрын
It's fun to watch your interview and editing skills/style evolve and improve :)
@sheilaturner23
@sheilaturner23 2 жыл бұрын
I dunno if I am biased because my husband is an insurance agent but going through an agency can actually be a lot cheaper than places like geico/progressive!
@CalebHammer
@CalebHammer 2 жыл бұрын
Oh I bet!
@Psi-Storm
@Psi-Storm 2 жыл бұрын
Car insurance for younger people can be rough, but the US insurance costs are very high. I have 15 years of accident free driving and pay 200€ a year for fully comprehensive insurance in Germany. With the old cars he probably only pays for liability insurance.
@Dustjavo
@Dustjavo 2 жыл бұрын
Yo Caleb been binging your videos all day. Loving the content!
@CalebHammer
@CalebHammer 2 жыл бұрын
Thank you :) that means a lot
@cx.silver.bullet
@cx.silver.bullet 2 жыл бұрын
When I saw car guy in the title expected drama 🤣 However he handle it nice. Kudos 👍
@tonyu349
@tonyu349 2 жыл бұрын
From all the videos I've watched so far, this dude was easily the most financially responsible on here. Big ups to him. Also Caleb, you're going to have to do a separate video regarding your disdain for Terry Blacks lolol. You be bout ready to detonate whenever it's mentioned. What do you suggest as far as bbq?
@loveandjoy810
@loveandjoy810 2 жыл бұрын
He’s doing ok. No car payments. No real debt to speak of. He just needs a plan. If you don’t know where you are going any road will take you there.- paraphrasing the Cheshire Cat. He also need a why. He’s young enough that he could retire early if that was his goal. 👍🏽
@CalebHammer
@CalebHammer 2 жыл бұрын
I think he's doing great, he just needs to tweak some things and he'll be amazing!
@loveandjoy810
@loveandjoy810 2 жыл бұрын
@@CalebHammer Agreed! 👍🏽
@loveandjoy810
@loveandjoy810 2 жыл бұрын
@@CalebHammer Agreed! 👍🏽
@joeyk3134
@joeyk3134 2 жыл бұрын
I've heard that when you go to bars it's good to pay in cash because you can physically see the money leaving. Maybe that works with everything else
@BradDiBenedetto
@BradDiBenedetto Жыл бұрын
The way he said “taking money out to put in my cash pile” as if that was that was completely normal would have been a perfect thing for Charlie to say on Always Sunny
@nicoleporten6787
@nicoleporten6787 2 жыл бұрын
From someone that works in insurance, he should not be keeping that much in cash in his home. I don’t know if he’s a homeowner but I’ve seen homeowners policies cap cash coverage at $200. Meaning if he was robbed, he would only recover $200 out of the $10k.
@CalebHammer
@CalebHammer 2 жыл бұрын
Ph wow, true!
@IvyLilley
@IvyLilley Жыл бұрын
Cash is also fun coupons for me, or as I call it “free money” 😅 I could have £500 in my wallet and I would spend that in a day without thinking, even £50 in my bank and I consider every purchase before committing
@CodyFlock
@CodyFlock 2 жыл бұрын
Could you add a 3rd camera that shows you both in the same shot?
@joegott9391
@joegott9391 Жыл бұрын
14:40 totally describing his poor inspecting, researching, buying and then selling.
@aarinol
@aarinol 2 жыл бұрын
This guy can knock out the emergency fund pretty quickly and after that can focus on investing. Stay away from forex, crypto, and options. Slow and steady wins the race. Time in the market beats timing the market.
@battlestorm1428
@battlestorm1428 2 жыл бұрын
My hobby is building Japanese cars so I can tell where this man comes from. I love the hobby and i do dump a lot of money into my cars
@mollierolin5389
@mollierolin5389 2 жыл бұрын
The car thing sounds like my husband and I’m not showing him this to vindicate him because the junk cars drive me crazy.
@sobero
@sobero 2 жыл бұрын
I would buy a shirt from Caleb saying “You gotta sell the car!”
@CalebHammer
@CalebHammer 2 жыл бұрын
haha
@HNCelica
@HNCelica 2 жыл бұрын
Thank you for saving this man from eating at Terry Black's
@thepearlswirl
@thepearlswirl Жыл бұрын
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