The Stupidest Debt I’ve Seen Someone Take Out | Financial Audit

[@CalebHammer]

I owe y’all some Panda Express… because apparentlyyyyyy the video I teased yesterday comes out Monday 🙃 and now I’m in trouble with my crew 🥹… we decided (a few days ago) we wanted to upload this episode today with probably the stupidest $4,000 ever spent while in debt and I completely forgot!! Love y’all.

[@stevencrisp753]

Things must be going well if you can afford 620,000 take away meals for your subscribers! Let me know where to put my order in 😛

[@sethdanielw]

I'll take the sweet fire chicken

[@amoose8439]

Lol I was thinking five minutes in this guy doesn't seem too bad...

[@KurtisB]

Half and Half, Beijing Beef and Teriyaki Chicken, please.

[@NerdLady100]

Since I started watching your videos I'm not allowed to eat Panda Express >:( so yeah you owe me some Panda Express.

[@possim6870]

One thing to note about Caleb is that he's not mad at you, he's mad at your financial situation. He actually cares about people on a personal level

[@possim6870]

@@MK47478 relax buddy I'm just saying he's giving people a wake up call. Not everything is so serious. Have a good weekend!

[@shaokhan2845]

@MK-fy4rz no need for racial slurs dude. Seriously

[@albin2232]

Caleb is relentlessly fair.

[@zataishasims9732]

@@shaokhan2845right 💯

[@OneHellOfASandwich]

@@possim6870hey the l0sr deleted his comment what did he say lol

[@zoenoel7431]

I am a physical therapist with 180,000 federal student loan debt 🥲. Until last year I could barely think about finances without an anxiety breakdown. However ever since watching Caleb (right from the start) one of his first few videos I have been following a budget for 6 months, saved 10,000 emergency fund, opened a high yield savings account, paid off my car and more than 20,000 private student loan debt, and picked up a second per diem PT job . Now I believe I can turn this around and hopefully come on the show one day ! 🤪

[@mandaJt]

Impressive work!

[@albin2232]

Well done.

[@zoenoel7431]

Thank you!

[@zoenoel7431]

Thank you!

[@Stop_Infanticide]

Keep it up!!! I send all my first time mom's in to see a PT! Y'alls work, especially pelvic floor specialists, has LITERALLY changed my life! Thank you for all your hard work. Please look after yourself and stay on track. I look forward to your episode someday! 😊

[@punkbassandcovers]

I'd be nervous if I were him walking into a financial audit with death debt and a venti Starbucks Mocha in hand.

[@rabnif]

Caleb does provide food and such for audits as far as I know, so it could be that.

[@dreamchaser5758]

Yeah....a Tall would have demonstrated humility 😊

[@NYCHFAN]

😂😂

[@chrissy9876]

The audacity

[@MrChandlerskates]

I did notice the Starbucks 😩

[@annaelisavettavonnedozza9607]

It takes balls to come on here & get honest about your financial hardships. Props to these people. They want better for themselves

[@MrsMcTaco]

lol and sometimes they want to better themselves AND advertise their social media

[@CalebHammer]

Absolutely

[@thejdi]

I'd like followups a year later, cause some come across as not being sincere at all. WIsh them all good luck and the best.

[@bitbyaturtle]

Some of them just want to be seen. I can’t wait for the follow up series.

[@bitbyaturtle]

@@wewemcrhyne 😂😂😂😂😂😂😂😂😂😂😂😂

[@verynaomi]

I’m a licensed financial advisor and do that for a living but I just can’t get enough of your content and have been binging your audits nonstop for weeks now. I’d love to go on your show but it probably wouldn’t be as exciting as some of your other episodes, haha. Keep up the amazing work!!!

[@alephnaught8343]

Team boringly competent represent!

[@ChiefKene]

Do it, the savers and investors want to see our representation lol

[@chloegracetv7344]

I think you would be a great insight! Especially since your a financial advisor!

[@quantum3183]

Personally, I would love to see more people that are competent with their money on the show! I feel like it would be cool to hear about the little money saving tricks here and there that people use, or see what their career and education paths have been like. One of my favorites was Graham Stephan's co-host, because he wasn't completely financially incompetent; just made a few bad decisions. Personally, I'd love to be on the show as well but I'm not in a bad spot. I'm 25 with no college, making just shy of 6 figures working for a DoD intelligence contractor. It would be cool for people to see my story, see how I got to where I'm at, and then follow in my footsteps. I'm also moving to a homestead soon where I'll be investing in some livestock and crops and trying to eat only what I've raised / grown, which I think would be a cool "before and after" type of thing.

[@matthewhiggs4805]

I think it would be a good contrast. Show what a responsible person looks like 😊

[@kaylamaro]

My favorite part of these videos is Caleb mangling business names bc he’s reading through so many transactions so quickly 😂

[@greatauntlizbethg9137]

A video I watched recently: Uber uber uber boober uber iber, I can't event say the name correctly this many times in a row, uber uber boober ...

[@DiosNoEsGrande]

He recently said vagina in Spanish when butchering names.

[@Lilliz91]

😂😂😂😂 it’s adorable

[@celticsfaninthedesert4778]

Fun fact: a credit card debt of 5700 dollars which is now what the average American has would take approximately 17 years to pay off if making the minimum payment at the current average of 20% interest. Scary

[@otgenius]

And don't forget make any more purchases on it

[@BeeTimesTwo]

Ugh I feel sick reading that 😭

[@shanira99]

Which means the total repayment is 20,000 dollars....

[@stephenkapler2299]

the scary part is that statistic is all americans, if you look at the credit card debt for just the people that carry a balance on there credit card every month the number is MUCH higher

[@JA-vz1nl]

Yikes, not a very *fun* fact

[@brynntompkins5942]

Every time I want to make a purchase, my mind goes “ but would Caleb approve?”, my financial situations has never been better. I get so excited for every episode!!!! Thanks Caleb!!!!

[@anclark24]

WWCD

[@MsSarahJam]

Yup, watching these videos (only for the past four weeks) has fundamentally changed my approach to my budget and my finances.

[@OhWell0]

I've delayed a few purchases. I heard him say: But do you need that.... _right now, though?_

[@smnbrgss]

A big thing for me is the Money Guys’ “$1 invested now is $88 in about 40 years”

[@kimmeshelter]

I bought a Starbucks today and I feel awful!!! Sorry Caleb, it won't happen again.

[@conorkamperman957]

Over spending stresses me out so much but watching other people over spend let’s me live vicariously through them thanks

[@omotayosatuyi252]

I never understand why people constantly spend money eating out so much. I’m a college freshman that’s entering my Sophie’s year soon and I only went to eat out two times a week sometimes I’d go three but that was incredibly rare. Now with our new meal plan made by the school I now have to eat four times a week which sucks cause I don’t like spending money eating out all that much

[@gen1130]

​@omotayosatuyi252 some of it is habit, some of it is not liking to cook

[@juditharsenault2131]

I like to grocery shop but refuse to spend a lot on groceries. I used to buy groceries for elderly people and loved it. I could shop my heart out and not spend a dime of my money.

[@kristen21023]

It's honestly admirable how open the guests are. Even when they've got a terrible financial situation and other tangentially related life struggles. Like I've had decade long friendships that aren't this open and transparent.

[@kristen21023]

@@readerbabe1984 copy pasta?

[@Hana.Behl-Lecter]

My guy, that was a hell of a lot of bar purchases for a recovering alcoholic/binge drinker. Are you sure working bartending jobs is the right place for you right now? It’s definitely not easy for someone with an alcohol problem to be in that environment. From someone in recovery, I hope you take care of yourself. You’re so young and can easily make the rest of your life so much better but unfortunately also so much worse. Wish you the best. Maybe consider hitting up an AA meeting or seeing a counselor that specializes in addictions.

[@alexisballard1459]

Caleb is Pavloving all of us with his videos to force us to keep our budgets and goals top of mind

[@greatauntlizbethg9137]

Omg. So when we hear the cha ching in real life we're supposed to think of caleb going high pitched on us at our bullshit decisions

[@TherealGT-R]

@@greatauntlizbethg9137😅😂😂

[@katieegan5178]

It’s working!!!! 🎉💃🥳🎶🫶💗 (thank you Caleb!!)

[@trinagriep8708]

​@@greatauntlizbethg9137the squeak voice is the best. I do it too so I know exactly what it means 😂❤

[@laurahill5991]

This is the first early 20 something audit I’ve watched where the guest was willing to change and knew there was a spending and debt problem. He seems very smart and willing to change. Hopefully we see a good update from him in the future 😊

[@projectvr3]

Hi Caleb. Thanks for making me hear your voice everytime I place food on my DoorDash cart and think about getting coffe outside when I have a Breville at home.

[@CalebHammer]

Any time!

[@AaAa-xl1ot]

I think it might help these people if you literally use the line. “Do you realize that if someone came up to you today and wrote a check for 15,000 dollars you wouldn’t be out of debt” lol 😂 let reality sit in lol

[@dawnklug6986]

@@Jake38nine Due to an uninsured driver I ended up with a 72 month debt for a new to me handicap van of 26k AFTER the 11k down plus misc equipment not included in the contract. That 115k would pay off the van and my only Card and leave about 3k to invest. It would be wonderful to pull an art commission of that amount

[@happii-132]

They'd have to pay off my bills because I can't trust myself.

[@discocycle]

​@@dawnklug6986I'm so sorry to hear that. I also was just hit by a drunk and uninsured driver. I'm so glad I can use my own uninsured motorist insurance to get my bills paid.

[@lizzyblitz07]

​@@dawnklug6986 the disabled tax is real and it sucks. Both for visible and invisible disabilities. I wish you the best ❤

[@joeyk19801]

I’d be interested to see what % of ppl actually do what Caleb tells them to do. He should start doing 6mo follow ups.

[@tikahardy647]

He has for a couple of ppl

[@jlane03]

He has done a handful of them.

[@dreamchaser5758]

I bet a lot of people just reject his phone call if they know they are still spiraling

[@joeyk19801]

@dreamchaser5758 It would be 100% safe to assume that a no response would equate to failure to follow his advice. I'm just curious what % of ppl are getting benefit from being yelled at by someone with more common sense, discipline, and self-control than they have. It's almost like these are the people who think hiring a personal trainer will get them in shape while they eat massive amounts of sugar and get drunk on alcohol every day.

[@r3negade47]

@@dreamchaser5758yeah unfortunately it’s likely most of the people who will come back for a follow up will actually be success stories. The vast majority who crashed and burned will not be back. Maybe if Caleb offered them enough money 😅

[@TASLightnindog]

This is the only channel that I literally refresh the page at a certain time to check on an upload.

[@AceRanger20]

I cringed when he mentioned starting “passive income” streams… it sounds like he’s listened to a lot of online influencers pitching how to make money. Truly passive income for just a little effort is a myth, rich people are the only ones that can set up real passive streams of income because it costs an obscene amount of money to start up and they pay people to manage everything for that… so it’s not really passive. And more income definitely wouldn’t help him, Caleb is definitely right that he would suffer from lifestyle inflation. He is very immature, and doesn’t understand that he needs to put effort towards getting out of his situation rather than leaving it up to a gamble and relying on other people. I do hope he learns from this interview and his mistakes, otherwise he’s going to stay in a bad financial position.

[@cfamick]

Yes, thank you! Someone has to do the work, the labor, the management, and when you don't have capital, that's your default position. You can't *start* the process by doing less work and by pulling the money out.

[@dreamchaser5758]

I cringed as well when he mentioned passive income. He doesn't even have stable income or a fully funded emergency fund yet

[@albin2232]

He's a leech.

[@AceRanger20]

@@JoseFlores-xh5cj yields from investing in stocks is not the same as what I’m referring to, especially since I’m sure you’re reinvesting the yield to grow your positions for better returns later. Only when you pocket the yields instead of reinvesting could it be considered income. When people talk about “passive income”, investing in the stock market is not what they’re referring to. They mean setting up a business that runs itself i.e. drop shipping, e-commerce, royalties etc. where they talk or imagine insane yields with promises of little to no effort. That’s what “passive income” is typically referring to.

[@omotayosatuyi252]

If someone doesn’t have a emergency fund they shouldn’t be trying to look at passive income areas right now and I haven’t even watched this video yet

[@katieh1752]

I'd love to see single parents, parents paying child support, people trying to reestablish finances after incarceration/addiction, and teachers 😊

[@keekermojo]

That doesn't matter tho bc those are people who actually have obligations so financial situations are understandable. Most of the people on the show are just stupid with money

[@taylorbennett2323]

He’s had a few teachers on way back at the beginning. I’m a teacher but I couldn’t go on this… I’d cry because I know how bad it is and I just keep telling myself I’m so much better off than I was 6 months ago and still working.

[@veronicasmemories]

And divorce

[@morganholman1274]

I had a job for almost a year, during which I kept getting told I was going to get promoted. Around my one year mark, a new employee was given the promotion I was told I was supposed to get. When I asked about it, the management acted like they had no idea what I was talking about. I quit. It’s hard not to quit on the spot when you get treated like crap.

[@vinlago]

Same. I checked all the boxes on the list given by the manager. Then he sat on it for a year. I eventually transferred to another department. Less hours, more money. That manager was demoted and wound up in a cubicle next to mine, until I moved into my corner office. The company had lots of people like that manager and worse so eventually it folded.

[@Baconbeerify]

Of course it’s not hard to quit. It’s easy to quit any job any time anywhere. The hard thing is continuing to work and set yourself up for the future before you quit.

[@pandoramcgee8114]

Try 7 years and in the last 4 promotions were promised almost relentlessly. He STILL works there, so his girlfriend spliiiiiit. Guess that lack of drive wins every time.

[@thej5315]

You know it's going to be good when Caleb didn't even try to figure out his monthly income at the start of the video.

[@thegreatpiginthesky3904]

He knew he wasn't gonna get a straight answer when he heard "actor" lol

[@Oliviaandtrina]

​@@thegreatpiginthesky3904 the real kicker was "actor AND model" lol.

[@dukewellington7050]

​@@OliviaandtrinaAND musician. This guy is a professional masturbator

[@500dollarjapanesetoaster8]

Actor/musician/bartender = broke

[@500dollarjapanesetoaster8]

@@Oliviaandtrina He needs to look in the mirror. He ain't "model" material.

[@possim6870]

This guy reminds me of my brother. He thought he was going to be the next big rockstar. Didn't move out of my mom's house until he was 30. Refused to cut his long hair. He works for the county now and he's doing well for himself.

[@camaileigh]

Thank God he turned it around. I hope Addison wakes up one day too

[@user-sf9gs2pg1b]

Refused to cut his long hair? God forbid. Hopefully the county set him straight lol

[@FirinMahLazer1]

That's my uncle. He forever was trying to be a musician. Endlessly mooching off my grandparents. Last I heard from him he was trying to make it on TikTok. Just a 50 something year old deadbeat with no retirement.

[@NYCHFAN]

My mom always said if I dated/got serious with a musician/artist, she'd cut me out of her trust, lol! And I'm both myself (as a hobby), lol!! (She was, too, ha ha!)😂😂😂

[@jes6427]

​@NYCHFAN i mean would that count for world class violinist and painist or ppl in orchastras a d stuff or did she mean just deadbeat rockers and rappers lol

[@searchy9636]

YES! I needed my caleb fix. and by fix I mean, fixing my budget for the 10th time this month

[@BigPhilly15]

I’m also an actor, model, musician, bartender, warehouse worker, astronaut, secret agent, roofer, novelist, patent attorney, gardener, and aspiring astrophysicist. I clear twenty-THREE-hundred a month.

[@Destiny-jf5pb]

Lmaoooo exactly!

[@fucuszullanti7877]

he's going to have a rude awakening

[@deirdrekiely6187]

Renaissance man. 🤣 🤣

[@joannegibson-lucas3791]

Hysterical!!!

[@AldWitch]

I would love Caleb to make some "how it works" videos about credit cards, car loans, savings etc.

[@kaylamaro]

Caleb, this is such a good idea! No BS guides to this stuff would be such a boon. Even guides for like “how to buy a car that actually fits your budget” or “how to think about your education costs and ROI”

[@kcatelier]

I have experienced issues with "not wanting the night to end" re: drinking and the best way to make sure you don't black out is just to not drink! It's not easy and not for everyone but... have been sober for 466 days and haven't had a blackout since lol.

[@nineteenfortyeight]

🏆

[@freethegays]

Props

[@alephnaught8343]

been sober 8473 days, not to brag. But for real, drinking is not worth it, good for you @kcatelier.

[@MrsMcTaco]

Congratulations! Good for both of you!

[@kcatelier]

@@alephnaught8343 nice!!

[@jerrystauffer2351]

This guy is used to having people do things for him. It doesn't occur to him to learn new things, just hire the portfolio done.

[@albin2232]

He's basically just messing about until he inherits his parents' money.

[@MassFusionn]

Came across your channel in YT shorts and I just have to say, you made me open my eyes without even being on the show. You made me really sit down, look at my monthly, and to actually see where my money is going. Now I’m on track to have 1200$ saved at the end of next month when I was just paycheck to paycheck a year ago. Thank you Caleb seriously

[@HotelBravo556]

To foreigners binging Financial Audit: us Americans are not ALL gig workers/wannabe actors, and aspiring “influencers” as one might assume watching this show lol. Some of us are normal working stiffs 😂

[@andrewrobertson3894]

Haha. I have to admit, I've watched so many of these now and wondered 'Where are the people who grind 40-50hr weeks, every week?" I guess they're more financially responsible.

[@jessicatobbell3302]

😂 im from the UK and was thinking maybe the ones on the show with death debt is for their career choice in acting and modelling! There seems to be a direct correlation there, as usual though not saying its all, just ones on the financial audit.

[@FableCountry]

American here. Not all of us are gig workers but quite a lot are. And doesn't pay enough for sure. I've been there and it was tough.

[@Sailorgirl23]

I think he attracts this type of person because they think coming on the show will provide "exposure".

[@mvzan672]

@@Sailorgirl23this is actually a good point, that didn’t even cross my mind

[@justgivenofox9543]

After seeing your poll this guy isn’t BS’ing, I’m only 25 minutes in but this guy has opened himself up and obviously wants to get better. Props to this guy for coming on the show and opening himself up to you and to us for us to learn. Thanks for the episode

[@JavaDoodles]

i find these videos FASCINATING

[@kmcd3322]

I love how mad he gets 😂

[@whatdoyoumeantheresnocoffe9141]

Yes .. I find them fascinating .. and HELPFUL, too! I love this guy and am very happy I found him! 😊❤ 👓🎼 🍃🍂🍁🎃

[@lucasx54]

I would love to come on this show. I was being pretty stupid with cc and debt and taquitos. Past year my wife and I have been GRINDING and was able to pay off 14k in credit card debt and general debt. While having a a new born me working non stop and literally not spending a extra penny on anything. Thanks Caleb for the inspiration and uploading while I was going through it.

[@krissyrific]

He has a way better attitude & outlook than most guests in similar fields. I am rooting for a success story update!

[@TheDrewsperience]

The look Caleb gave Addison when Addison said all the jobs he has 😂

[@otgenius]

😂😂😂

[@dukewellington7050]

Yeah well... that's because his real job that actually pays is being a bartender. All that other shit he threw around is masturbatorial fantasy.

[@MrPbaydari]

Working that many jobs to make that little money is such a waste of energy.

[@TheDrewsperience]

@@MrPbaydari i agree ☝️

[@glowing_rectangle]

This guy actually has 5 jobs... Actor, musician, bartender, model... and bullshit artist.

[@amikagabriellaar1292]

Caleb, I wish your videos were part of High School Jr/Srs’ curriculum. This is such an eye opener and your balanced, tough love approach is incredibly compelling. Well done! Keep it coming. 👏👏👏

[@IntensePeppers]

Caleb needs to start telling these young people exactly how much compound growth is in their favor. Every $1 invested at 20 with average return is worth $88 at retirement. If you wait until 30, every $1 is only worth $23. Basically one quarter as powerful. Crazy! I wish I knew that at 20. This is directly quoting The Money Guys btw

[@victorbaird8220]

It’s Brian Preston the money guy 😊

[@avananana]

​​​@@shaokhan2845Think about it this way. If you put in $100 with 7% interest, after a year you will be at $107. However, next year it'll be 7% growth of $107, so $114.49, $0.49 more made than the previous year. It doesn't look like much but it adds up very, very fast. Easiest way to think about it is that money your investment generates also generates more money on top of the original money. In a 40-year period it'll add up to ridiculous sums. Example: If you save $100 every month with a 7% interest rate for 40 years you'll be at around $240,000. However you will only have saved away $48,000, which means that 80% of the money in the account is generated by compound interest. You can run your own numbers with varying monthly saving, interest rates, and so on, by just looking up a Compound Interest Calculator.

[@IntensePeppers]

@@shaokhan2845 let's say you invest $1000. Over the course of 1 year you get a 10% return ($100), so now your investment is worth $1100. Next year, if you get the same 10% return (now on your $1100), it will be worth $110 instead of just $100. Rinse and repeat. Over time this becomes really powerful which is why it's so important to invest when you're young. An extra decade of compound growth at the beginning of investing makes a big difference

[@keekermojo]

I saw a graph that showed how much growth is possible for just $1 a day invested started from age 20, when I was in my high school finance class and is 100% the reason I try to save most of my daily pay each check

[@AureliusArmstrong]

Aye well that comment just helped out a 20 year old 🔥🔥🔥

[@okay-ali36]

I would kinda love to see more people who get a 6+ hammer financial score bc I feel like I could relate to those situations a bit more and see where I specifically could do better but I appreciate that I’m lucky enough to be in this position so keep helping people who need it most 😊

[@henryhace]

Still think the Ponzi scheme guy taking out 25k in debt to invest in his friends business takes the cake as stupidest debt on the show

[@dreamchaser5758]

Oooooo I missed that one

[@SpoonHurler]

Not worse than financing 7-11 taquitos while having your elderly parents take care of you. It's a lot less zeroes but the behavior itself is way worse.

[@jakemiller1091]

which video was that?

[@NYCHFAN]

​@@jakemiller1091A recent one - the guy with the baseball cap.

[@marykate6538]

@@SpoonHurlerthat guy truly was the worst😂 plus the only fans charges lol

[@wraytonritter]

It would be interesting for you to have someone on that is in the 50-60K salary range, that is really good at budgeting and keeping track of their finances. Someone that makes good credit decisions, has savings, has a good credit score.....just to show a difference from all the people you have that are horrible at budgeting. Maybe showing their thought process could show real life smart decisions being made, which could help others.

[@kyleknepper4016]

I made a very similar comment the other day and someone said “yeah, he’s had a couple of those and they are the lowest viewed” lol, so from a business perspective, i understand why he doesn’t do a ton of those lol

[@kyleknepper4016]

would be nice though, totally agree

[@nineteenfortyeight]

Relatable, normal people?

[@wraytonritter]

@@kyleknepper4016 Cool I can see that. The dumpster fires get more views, go figure!

[@charlesmartinjr3971]

Yeah, that crossed my mind yesterday, in fact. I'm pretty solid, financially, but it might be nice to see if he has advice and tweaks to make.

[@Fishouta]

It just amazes me how bright and how much wisdom Caleb has for his years. Especially that whole rant in first 13 minutes on how to properly get your own business going!

[@immortaluglyfish2724]

Seriously, more people need to follow the DIY ethos. Do shit yourself, do it for free, hire people only when the cash starts coming in.

[@EmpressxAllison]

How old is he?

[@Hollym1975]

Found your videos about 4 days ago, already shared them to 6 people 😂 and I’m amazed at the quality and quantity of content you and your team produce ❤

[@dustythorpe9625]

I was raised poor and always scraped by. 4 kids only 2 in the home now. Twin boys 16 years old. A couple years ago I started making a really good salary. I had never had that kind of money and I had zero finance education. I made stupid choices and got myself into $23,000 high interest debt. After watching your channel I am getting my shit together! Eating ramen and spending nothing. Last month I was able to make $500 extra on a card after the minimum payment. I downloaded mint and cancelled all subscriptions. I built a budget based on your advice. I plan to comment on your videos for accountability.

[@M_SC]

Baked or boiled potatoes are cheap and much more nutritious. There was a guy my work trainer told us about who ate only ramen for 3 months to save money and he fainted from malnutrition. Have potatoes and beans, lots of vitamins.

[@dustythorpe9625]

@@M_SC I was using “ramen” the way Caleb uses “taquitos “. I just mean I’m eating very cheaply. With 2 boys about to be 16 there has to be nutrition. We actually have a food pile from after the grocery stores stocked back up in 2020. I have been begging the kids to eat it. Now they haven’t got a choice! I have stopped buying junk food and started planning meals around what we have.

[@M_SC]

@@dustythorpe9625 ah very good

[@papabear2515]

All the best to you! It’s all possible!

[@igintell7295]

There are millions of people just like this guy who aren't aware that they are literally giving their life energy over to bankers. He is clearly not aware his reckless spending is going to eat up all his energy, time, freedom, fun, and security

[@Coolbeanzies124]

i wonder if i was this delusional when i was 23? probably, but man im glad i never agreed to be on camera 🤣

[@albin2232]

When I was 23, I was practicing in a respected profession and making an above average income. I loved it.

[@dancingoctopus9888]

I co-own a small business and it requires all of my energy. I get urges to spend when I haven’t given myself any attention and need a way to feel like Im treating myself. So instead of buying a ton of coffee and eating out, I did put some money into a gym membership. I find that on days I work out, Im way less likely to feel that impulse. I didnt work out today and I definitely felt it the urge to spend. But I successfully ignored it! Back to the gym tomorrow!

[@Wenisssss]

When someone is an influencer or anything I always kinda wonder if they go onto the show just for exposure since Caleb has blown up soooo much.

[@NYCHFAN]

I thought that about the other guy with long hair he had on recently because he kept fixing his hair and looking straight into the camera.

[@BeautifulSilence]

Because that's the antithesis of being an influencer. The whole point is that you project wealth (that you usually don't have) but other people think you do and thus, want to be like you.

[@irnbrewhaha]

@@BeautifulSilence I think one of the girls may be reporting on her progress, so may have a few fans but didn't seem like the goal. Not the usual clout chasers...not that I don't respect their hustle either way.

[@6classer]

Every debt segment with credit cards in every video affirms that I will never go back. It makes me so angry I paid so much interest carrying balances for so many years before I set myself straight. While I am happy where I am now with zero consumer debt ... it will always sting the total wasted money of my past. These are valuable lessons for all you young ones out there coming from a GenX'er ... credit debt is absolutely evil. Your future self will not only thank you but also not live in regret like those of us who learned later than we should have.

[@MMMmyshawarma]

Yeah, if you can't handle credit limit and what that means, by all means do not use a credit card.

[@Ridiculi]

"It's always good to have a day job."😂 ... after listing all of the zero income activities.

[@blahblahblehp]

As a former trombone player with basically a musical fetish for the bass guitar.. I will be slightly disappointed if this audit doesn't end with a juicy juicy jam sesh 😢

[@BrookieCookie]

I'd love to see what Caleb gives them when they leave. Do they have a checklist? Is the budget laid out or is it just the scribbles that Calebs made during the video? A quick overview would be so helpful to see how everything is organized!

[@SaphireXari]

Agreed, but keep in mind that if a guest has any trouble remembering the advice they’ve been given they can always refer back to the video once it’s posted, and Caleb DOES keep in contact with many of them and makes himself available for advice.

[@BrookieCookie]

@@SaphireXari No definitely! I was just curious if he does give them a written plan. I also just saw a few videos where he mentions that they can contact him afterward, so I didn't know that.

[@moonbeamflowerchild]

sweet guy, Caleb is very sympathetic and is always so kind... while stressing the importance of the issues. Love the videos and I think you are doing a great service to the public.

[@dajackhammer525]

I’m 10 minutes in, I already can tell this guy comes from money. Just when he said everything he did with the portfolio, he’s not worried about money cause mom and dad will bail him out if he gets royally screwed. And I mean, Addison that’s a rich boy name lol

[@nineteenfortyeight]

One minute in he's an actor, model, and professional lead singer since age 12 ...

[@sipofcola69]

rich boy but his parents cant afford to do braces rip

[@winry2357]

@@sipofcola69or they did and he didn’t wear the retainer. My parents had to make big threats and take stuff from my brother to get him to wear it half the time. He got lucky his teeth didn’t go back. Or, he didn’t want braces as a kid and his parents and dentist weren’t super worried about it.

[@dajackhammer525]

@@sipofcola69 he talks about paying for his orthodontist bill for Invisalign in high school lol he needs a refund on that

[@sipofcola69]

@@winry2357 thats true u can wear the retainer when u sleep but yea his teeth are fucked up

[@roseaskew8596]

If you pick up a drink and cannot stop, that is also alcoholic behaviour. An alcoholic isn’t always, and isn’t often, a person who relies on alcohol to survive. Just thought I’d add here, because often people think that they could never be x or y because they create very strict definitions for x and y, to make sure they don’t fit those definitions. But I always say, if something is costing you more than money (I.e. relationships, sanity, job, dignity) then it’s probably too expensive and you may have a problem. As always, glad to see addiction is being spoken about transparently here! Love your work caleb!

[@albin2232]

He is an alcoholic who is trying to moderate his intake by himself.

[@thiennguyendo]

What Caleb doesn't know is that a lot of these bar tabs aren't just to some cheap dive bar where he can get $5 beers. A lot of these are like really fancy cocktail bars where 1 drink can be like $15+. No way can this dude afford to be hitting these places up regularly on $2200 gross!

[@FrancesRyan-b2p]

Most rich people stay rich by spending like the poor and investing without no stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them

[@ArielVontin]

My first investment was with Shanita Creswell, it gave me profit of over $80,000 Us dollar...

[@MarcosAlonso-wx8uw]

I'm glad I was introduced to forex trading and got the best teacher and mentor who helped me understand the financial market l'm grateful to Mrs Shanita 🙏🏻

[@JacolienVos]

Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade

[@DeborahPearson-ng2cs]

A common mistake we newbies make is venturing into the market without help and legit guidance

[@SandraPatterson-di6xh]

@JuergenWoehlert I invested $10,100 with her and she made profit of $53,000 for me just in 5days

[@kfitz192]

Wishing you every success Addison! Looking forward to your upcoming update.

[@kittenmasaki]

When guests say their solution is to get paid more or have "passive" income, my eyes roll. They will never have either.

[@dcmi]

I've been watching many of Calebs videos and I'm noticing a majority of these people aren't having "financial" issues. They have behavioral problems and horrible habits that affect their finances and other aspects in their life. They need to solve the underlying issues that are affecting their behavior which influences their spending habits.

[@jacobrheaume1]

This dude…say what you will. He took it like a champ from Caleb for the first 20 or so minutes

[@ZeyN332]

Thank you for being there MYSTICFLIP when I wanted you to..... I was lost in this new world that I was hassled to start with ....you not only guided me along the way but you also showed me the proper way....whatever little I have been able to achieve in life is because of you today ..... I want to thank you for being there and showing me the proper way of doing thing for me you are my best guide as you truly showed me the way to life....once again , I would like to tell you a heartfelt thanks for being there.

[@taylor9645]

Looks like this will be another fun one! Thanks for the constant uploads! ❤️

[@CalebHammer]

Thank you!

[@rottengalaxy]

Hey Caleb I paid off my first credit card today.

[@kensmart1976]

We should audit Caleb. I bet his Panda Express spending is out of control. LOL

[@Treehandler]

Buying taquitos at Panda Express daily

[@mandaJt]

As far as I've seen, he's had a couple of videos where he shows his worth and all his finances.

[@irnbrewhaha]

@@Treehandler oh shit, they've got taquitos now?

[@j.r.f8381]

Two minutes in and I already know this guy is delusional…

[@lot2196]

Another young kid who doesn't understand real work.

[@joshpointoh]

I was gonna make that exact same comment, but replace "delusional" with "full of shit"

[@aidenxccx2949]

Bro looks like a psychopath.

[@fucuszullanti7877]

And full of it

[@stargrrl__]

why? he seems like a respectable young guy that sometimes made bad decisions like the rest of us. at least hes willing to work and go for his passions

[@its_jess4321]

28:53 also therapist here. Easier said than done that in 6 months people will have managed a certain problem. If this guest didn’t start talking about finances or that isn’t the main point of therapy convo then of course it won’t be fixed in 6 months. I have a ton of clients who struggle with depression, and have some financial constraints and finances. Don’t normally come up for a little while. And it’s not going to be a typical question that Therapist asked in an intake about a client financial situation, because respectively it’s none of our business. There are plenty of Therapist. He won’t even start to have a conversation around somebody managing their money. It would probably suggest that getting outsourced to financial planner or something like that. Unless somebody comes in and says, I have a spending problem and it’s due to my mental health help me stop spending money and replace that behavior- it’s normally not that clear.

[@Degle_3467]

You're the best MYSTICFLIP ! Thank you for sharing the knowledge. I've actually gotten a few loans that you've suggested in the past. You bring so much to our tables. You're just full of great helpful info. You've taught me so much in the past few months and I'm grateful. You're an angel in disguise! Keep doing what you're doing my friend. Thanks once again MYSTICFLIP

[@amyomeara2515]

“Working in tech sales doesn’t sound like that much fun…” no shit. That’s why it’s called work. The rest of us play music in our leisure time and our bills are paid, no debt. Even when I played professionally, more than 2 gigs/week plus studio hours, I still worked full-time at a hotel. Grow up, Addison!

[@badlarry2346]

Hi Caleb , I love your videos. I just want to point out that the Fizz card is not an immediate withdrawal from your checking account. As it is an ACH transaction it will often take 1-3 days before the balance in your checking account will reflect the payment

[@akaCONSTANTINE]

People who can reason around all the debt and can talk for five minutes about why it was a good decision.... are in the wrong career! They need to be in sales. Always could give you a good sounding reason to buy into something. He needs to put that skill to good use!!

[@tchilds1077]

If he doesn’t get himself together he is going to be living in poverty …especially the older he gets. Give up the vaping, cigarettes and alcohol and any other illicit drugs, grow up, follow Caleb’s advice and turn your life around. I have faith he can do this….he just needs to be disciplined.

[@albin2232]

Without his parents, he would be homeless.

[@Andarius]

All these kids think they're going to be actors, musicians, models, youtube stars, etc. They are completely delusional.

[@JA-vz1nl]

Caleb: "..and things will just get worse, the car will go out, or there could be another pandemic, or you could get sick, or-" Addison: "yeah so you're just snowballing" Caleb: "yeah... wait what" *makes a face*

[@joycef8443]

Maybe “spitballing”

[@black4vcobra]

Lol, he "didn't like the acceleration with 4wd, the rear differential was too heavy" That makes ZERO sense as the rear differential on the RWD and 4WD models is the exact same. Yes, the transfer case and front differential on 4wd models adds 200 lbs or so but thats not enough to feel the difference in acceleration on a full size, V8 pickup truck. Oh and 4wd is almost always worth the added cost.

[@catherinewilke5583]

There is no way that this guy has ever applied himself to any real job that he had. He’s upset that he was passed over for promotion, but can you imagine him talking at work about how his paying job is only a placeholder while his modeling and acting career gets off the ground? He needs to get real. Dreams are fine, but he’s going to end up bankrupt

[@albin2232]

Nah. His mother would bail him out.

[@deni6276]

I would like to see more financially literate ppl; like they don't have to have EVERYTHING in tip top shape, but just some ppl who are doing okay and just need to tighten up their budgets or watever

[@tylerdracing]

I think the problem is at that point all you can really recommend is investments and Caleb is not a financial advisor

[@Madkalibyr]

That’s boring

[@tk50000]

If they were financially literate they wouldn’t need caleb to help them budget though, you can google most of this information if you know how to look for it

[@callingcristi]

Yassss

[@frogorf3784]

What would the show be about then ?

[@nathanfox5861]

I’d be interested in seeing the one year follow up on some of these people to see what impact you have had and what they have done to improve if they have

[@SpacedO]

The new setup throwing me off lol. He’s on ur side and ur on their side

[@justinevans5925]

Every time I feel like buying some bullshit, I come to this channel and I’m instantly cured.

[@matthewfleck4871]

Finally getting used to the new studio, the work you put in shows

[@luispatino3180]

Musician/ model who sees a therapist for 6 months and staying with family. Drives a toyota truck regardless of year they are on the expensive end of the spectrum. Doesn't get along with boss so quit. Yea he had money but parents cut him off and now needs help to grow up.

[@amoose8439]

May we all gain a tiny high pitched caleb hammer in our head...

[@SaphireXari]

I’d really love to see an audit for someone who is struggling and chronically ill. I’m Canadian and my medical costs are a serious consideration for me, I am so curious to know what it’s like for someone who has medical costs in America. Both monthly and emergency costs.

[@aidanwarren4980]

I don’t think Caleb’s style works well for that. Berating you to stop spending on bullshit and encouraging you to increase your income has different optics when you’re chronically ill.

[@papabear2515]

The reality is many Americans die because they can’t afford treatment, medical care, prescriptions, etc. Sad reality that is rarely talked about.

[@dca3092]

He will never go in the right direction until he takes accountability for his direct actions. Hope and dreams without actions are not going to make anyone break the cycle. Everyone wants to be rich and famous, but don’t want to do the dirty jobs (that are usually necessary) to get to that point.

[@alexandriahardy8977]

Caleb: sees gas station purchases *sighs* "Taquitos" 😂

[@daleksec5109]

The fact that he has a dad that cares enough about him to be involved in wanting to help with this journey speaks volumes about that parent. I understand that it is hard to talk to parents about this, but as a dad of adult children myself, I can say that I hope he can muster the courage to lean on him as an accountability partner. This is not an easy situation and the more people that are at your side who love you the better the chances are to succeed. Good luck!!

[@Baconbeerify]

It’s good his dad is helping. At the same time, what was he doing letting his 12year old perform in bars? Completely irresponsible.

[@connorcreate]

Caleb getting sneaky with the double ads.

[@Garci96b]

Hey Caleb a video I think would be cool is one where you go over all of the basics with references to some of your audits as examples that can be shown to young people just starting out so they hopefully don't go down the "death" route. Also you should try the Breakfast Burger on a Jalapeno Cheddar biscuit from Whataburger!

[@johnathangould9320]

Idk if one already exists but Caleb should have a formulated excel sheet or calculatating tool that watchers can insert their financials into and see a breakdown similar to these long form videos, obviously couldn’t get as in depth as Caleb but would be cool!

[@Fishouta]

If you wanna pay me, I can make you one.

[@berry26334]

Caleb, one suggestion I have is to familiarize yourself with reliable used cars to possibly suggest to clients. A 2015 vehicle with 120k miles is not anywhere near its end of life! Many people enjoy cars and trucks from the mid 2000’s with 170-250k miles in a fairly reliable and safe manner. I would just hate for viewers with a 2012 car and 150k miles to think they need to immediately go buy something new thinking this is terribly unreliable when they are not in the financial position. Enjoying the show! Toyota and Honda mid size cars or SUVs own the market for reliable!

[@abdurrahmangoktas4596]

This man spends hundreds of thousands of time just to help us. He helps those in need while also helping us. He always puts a smile on our faces and we should appreciate it. Hats off to Him! I love you dude. Crazy I've never payed attention to the Mysticflip on the internet movement when I say ancestral your a gift to our people

[@MaidJehanne]

It takes some balls to go onto this show while carrying a big ass Starbucks coffee 😂😂

[@antoniochong256]

Right off the bat his $3,000 website claims he has 'Short Hair', then has 15 pictures proving otherwise lol

[@divebombsmusic]

I just signed up for SoFi with the link in your description and immediately transferred money in from my existing bank account which was only giving me like 9 cents per month. Can’t wait to watch it grow 🤑

[@97Crawford]

Is it bad that I would love to go on the show, but I’m like, “I need to fix my finances first because I don’t want him to yell at me.” 😅

[@alexpietsch7997]

I bailed out on going because of the travel cost going to Austin

[@albin2232]

Caleb usually pays for at least part of the travel.

[@Theaterkid4L9733]

Same! Like me looking at past statements and cringing. Unfortunately, it's going to take time for me to clean up my mess, but it will be done.

[@albin2232]

@@Theaterkid4L9733 How will you do it?

[@Theaterkid4L9733]

@albin2232 mostly, my husband is looking for work (health issues, unemployed for a year). I already have decent salary and put in too many hours for a 2nd job other than motherhood to my young kids. We're working on getting his VA disability too. If it backdates to his injury, we're looking at a big payout, even at the lowest %. Cutting expenses by moving in with in-laws (huge house) so rent will drop from 1200 to 900 a month or less. We also cut out eating out a couple months ago, which was our biggest bs waste. I borrowed from my 401k to pay off a bunch of credit cards. Working on the last 3. I have 3 years left on a car loan (5.29% meh), a covid personal loan is paid up next year (5.99% meh), another personal loan (11.74% yeek) paid up less than a year after that. Those payments are all going to be put towards the credit cards as they fall off. I may take another 401k loan next year if the disability isn't finalized just to get rid of high interest cc death debt sooner. I'd rather pay interest back to myself than a bank. Positives: I put 13% of my salary into 401k with a +1% escalation per year, my employer profit shares so I get another 10% of my salary even if I contribute 0%. Still not enough in retirement for my age bc I started saving late and now borrowed from it, but death interest was higher than market gains sooooo..... I max out FSA contributions for dependent care and medical care (tax break). I can probably cut back on dependent care contributions next year unless I need it for summer camp (depends on whether we get a good scholarship this year, otherwise we'll look for another option). Our biggest ?able expense is private school for our kids. It only goes to 5th grade so I'm hoping by then the small class sizes and personalized teaching will give my oldest the tools she needs to excel in public school from then on or at least until hs or when I can actually afford it. 😭 I also pay for short term disability and life insurance so we have some built in cushion should the unexpected occur, but no emergency savings unless you count gold (equates to about a month's worth) It's not all bad news, but it's still really bad. Definitely questioning my choices. I'm probably still on the shtlist for private school, but it's so wonderful for my neurodivergent girl, I have a really hard time pulling that plug. This year's scholarship was way better and may be even better next year so things are looking up. 🤞 At this point, I'm able to payoff new spending immediately while still paying off debt. I just have to stick to my budget (and make husband bring money in for once) 😊 Side bar, my dad started a 529 for the kids. I figured priority is making sure they don't need to financially support me in my old age. College contributions will come after debt/savings/retirement is under control. I also have a house that my ex rents to own so on paper I have lots of equity, but can't borrow against it since it's an investment property. Another questionable past me choice bc I could have made 100k or more off that sale (after paying the mortgage) otherwise. Oh well, ex and his family were good to me and stepped up when I was struggling. That's my good deed for this life 🤷‍♀️

[@diannitaglez3268]

the quality of this video and the KZbin play button plaque is immaculate 💕 LOVE YOU CALEB!

[@MelissaEdwards86]

New game for today: contribute $5 toward your retirement every time Addison evades/makes an excuse!

[@LordBass]

My bank account can't handle this level of stress 😅

[@shawnbradford2243]

So he got scammed by a company for head shots 😂😂

[@goteddy2349]

Hey Caleb regarding Alcoholism and smoking, many experts advise to keep smoking during early recovery (2 years) because ppl try to quit everything at once and have higher recidivism rates

[@kimberlyazpeitia3184]

As the owner of Jackon's Brew (we were mentioned on this episode) I, 100% agree with you Caleb! Do not spend $5 on a coffee on your credit card! (pay cash instead!!) It helps us as small business owners too! haha...good job!