Poverty From TikTok Brain Rot | Financial Audit
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- Опубликовано: 28 июн 2024
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Chapters:
00:00 Job and income
03:30 You’re so wrong and you know it
08:05 Why do you have this?!
13:29 “I hAd To EaT”
18:10 This is a vicious cycle my man!
24:39 You DONT know how to use them!
29:03 Acorns
29:29 So why did you do it?!
37:00 You’re taking advanced, dude
40:36 Stop spending, dude
44:54 SoFi
47:48 Can you acknowledge it now?!
48:10 You need a budget
52:00 Let’s fix your situation
58:15 Hammer Financial Score
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You're getting chunkier Caleb
a minimum of $11 per meal isn't exactly cheap when considering who is usually on this show
Too expensive to pay for.
HOW CAN THIS BE POSTED 20H AGO AND THE VIDEO POSTED 2H AGO PLEASE WHATS THE FUNCTIONNING OF THIS SHII 😂
@@heyitzphil9792 videos are available for joiners first probably
The only problem with watching these a minute after they’re posted is there’s no comments to scroll through while listening
I'm seeing a lot of "posted 1 min ago is crazy"
Hahaha I feel this 😂
4 mins later and 70 comments to read 😆
I love the comments! Scroll and read through the video and then end up rewinding the stuff I've missed!
But at least we get to be here together 🥦
This guy must’ve grown up privileged. He says his parents are high earners and he says “who lives off $52k a year”….uh, most people buddy.
Yeah id imagine his house hold income must of been hella high. Given what hes saying and inflation etc, Id imagine it was probably very high at the time and still high now
If they were high earners, they also had bad financial habits, or he would have had a college fund.
@@michelejohnson6459 he says they tried to keep him from going to college though, so maybe they had the money but did not want to spend them.
@@michelejohnson6459 probably did well in school tbh, they might of banked on scholarships etc. also some parents just straight up wont save for college because they put it as the kids responsibility. The fact that they also coddled their kid kinda makes me believe they never wanted him to move away from them
I think they're referring to the FAFSA's requirement of "high earners". Basically any family that can afford to eat out is a "high earner" in their eyes
He blamed his income for all his issues. Saying it’s too low. But received 11K in bonuses and blew it all in One day ! One day !
I couldn't spend that in 6 months tbh
11K would have went straight to the emergency funds or rent
@@feliciathomas9621I could spend that in literally 45 seconds, but it’s dumb too
ow! not there yet. If I had massive debt I might blow it in one go to pay off a chunk, but not spending.
I couldn’t even fathom how to spend that much money in that short period of time. Maybe max buying legos that I’ve been wanting. And that’s maybe under 500 for everything.
“That’s your opinion” & “if you say so” is so dismissive and rude to someone helping you.
Yep, it’s basically a fuck you, I don’t want to take responsibility.
Literally MILLIONS of families live on less than $52000 a year.
Might be close to a billion if we're talking worldwide right?
My wife and I lived off $18k while I was in school from 2008-2012. Boy was it rough. $52k would have been amazing
Barely pulling 35k but surviving somehow
my family of 5 live off of less that 30k a year, have a paid off car, nice home and decent savings.. most people just spend, spend , spend
@@rishianand5250well over a billion if we're talking world wide. China and India combined are over 2 billion people and not even close to 50% of their citizens make that.
I think it's 1/6 people live on a dollar a day? So that right there is a billion off the rip
I'd estimate probably close to half of the worldwide population makes less than that.
It's weird how there's almost a cultural stigma around McDonald's being "cheap" when in recent years their prices have skyrocketed. The dollar menu is long gone.
Almost a cultural stigma is not as strong a definition as the McDonald's advertising department has hoped for since the early 1960's
McDonald’s has admitted this fact and is actually worried about the future of their traditional customer base given how expensive it’s menus have become. It’s not in all of McDonald’s markets, but I know it’s the case for the US and UK.
and the food has never been that good for what they're charging now
It’s still cheap they’ve inflated prices on popular items.
You might be on to something. We are extremely wealthy and haven't gone to McDonald's in at least 5 years.
Hey Caleb! 22 year old out of MN here, just wanted to finally get the chance to share with the community that I paid off my last credit card payment this morning. Onto finishing building that emergency fund. Thank you for keeping me mentally motivated! I would’ve blown it long ago if it weren’t for all these weekly uploads. ❤
that’s awesome, dude. congrats (:
Dude, congrats!!! You are on a great financial path. That’s so exciting
I was raised that a spare credit card was for emergencies. Only to discover why an emergency fund is important when COVID hit making me take on debt. Wish I had Celeb when I was young.
Glad you got this advice young!
Not having an emergency fund is an emergency!
@@nicolejoy6618 Thank you!! Its been like 6 months of working on it, not doing that again 💯🤘
Woohoo!!! Congratulations!!!!! 🎊
i think the reason guests think cooking for themselves is so expensive and tedious is they think they have to make full course, 5 star worthy meals. for a good while my depression meal of the day was apple slices with peanut butter and instant mac. was it GREAT? absolutely not. but it kept me from opening doordash so
Instant mac with canned peas - easy, tasty, shelf stable for when you're out of everything else
right? mine was justegg on toast. and i toasted the bread in the oven cuz i don’t have a toaster
I’ll be honest. Cooking takes alot of energy out of me. But it is wiser to cook at home than spend daily for fast food that won’t fulfilled you
I don't understand how people can eat out everyday and not feel ill. I don't eat the healthiest at home but I still feel like utter shit after any takeout or fastfood and it usually doesn't even taste food unless it's expensive or an independent place
Good point.
‘I don’t know how to grocery shop’ is weaponized incompetence
Learned helplessness
He gave himself away when he said "you can't blame me for something I don't know how to do"
@alfsmom8025 yes because grocery shopping requires alot of skill and research. PATHETIC AF!!!
@@alfsmom8025 We live in the information age. If you don't know how to do something it's because you won't go to the effort of learning.
I know a 58 yo woman that can’t grocery shop or cook a meal. They eat out every single day.
I audibly gasped when he said he bought his nephew a $1,200-$1,500 chain. That’s more than his monthly rent payment yet he has the audacity to claim he is underpaid. Unreal.
What the heck is a chain?
@@Outworlderlike a necklace
social media
Oh that made me gasp too. I love my nephew but I don't love him that much for me to finance a 1200$ chain 😂 I don't even love myself enough to spend that
that's what my engagement ring and wedding band cost. lol
“To you” is crazy 😭 the evidence is literally right there sir
“The sky is blue”
“To you”
I do love how often people on this show answer the question of, "Are you for real, you'll cut it up?" with a confident yes and then the moment you hand them a pair of scissors it's always, "Oh you meant that?"
MAYBE an unpopular opinion : I would love Financial Audits of people who used to be financially illiterate, but have been able to pay off their debts and started their emergency funds and retirement accounts with these videos. I know these videos have helped me tremendously, so I would love to see people who have changed their financial perspective for the better.
I think that’s what he’s going for with the follow ups! Hopefully in time, some of the people on this show will get there as the years go by!
I don't even need them to be clean-ups. I'd just like to see the finances of someone caleb deems literate.
we just got to hope these next follow ups don't disappoint 😅
He's said many times that he has no interest in doing that. The closest we will get are the follow up videos lol 😅 but we can dream
Yeaaaaa can you do this! Like look over their history and get the “bad” story of their past, and then get the good story of how they turned it around and where they are at now
“Who is living on $50k a year?”…..
Oh boy🤦🏾♂️
Nobody tell him the median income is $52k for men in the US
lmfao. I'm making $27k a year and surviving just fine
@@somethingawesome1462 and even lower for black men. He has more than enough for a 21 year old.
(not defending him) Comparing medians/means with a specific individual is half the picture without knowing actual costs of living like local taxes, housing costs, fuel costs, etc. Not a greats criticism or argument, but luckily Caleb will review spending and housing costs for the full story.
I'm here living on 12k$ a year on minimum wage
Every time I’m about to make a bad decision I come watch an episode with Caleb and it goes away haha
I usually skip the ones featuring people under 24 or so, they are usually still in a teen mindset, still figuring stuff out. But this show is so important for viewers in that age group
Agreed. I’m 21, and seeing people just a couple years older than me drowning in debt and spending issues is a mega slap to the face. Thank you Caleb for the early wake up call. 😬🫡
exactly. honestly makes me glad that i was so broke in my early 20s that the only way i was able to get a credit card was to pay $300 for one since i didnt have any credit, and so i never got one until later bc i couldn't afford that lol i got really lucky despite a bad circumstance. bc i know if i had that credit card i would probably be in the seat across from caleb now
1 year ago today I was $20,000AUD in debt, morbidly obese and had a gambling addiction.
After watching Caleb's videos, I can happily say I'm completely out of debt, putting extra money towards retirement and I've lost 15kg!
You are truly changing lives Caleb
Congrats🎉
Wow 🎉 Caleb may have inspired but that hard work was all you!!
Respect, congratulations
Amazing bro!!!! Keep up the hard work ❤❤❤❤
Indeed🎉
Man's so spoiled he's complaining about a $70k/year salary.
Right!?!
Tik tok and Instagram have ruined gen z's perception of what a normal life is.
And will retire broke, living on social security.
Killeen is cheap as hell too. He's making extremely poor decisions.
If there is social security by then
Feels like you’ve listened to comments the last two episodes. Much better and more education versus entertainment based. Keep it up hammer man!
Yeah I thought this was a really old episode for a while
It gets money and views for entertainment and drama based.
It kills me how many people starting out justify throwing away so much money with "I had to have furniture". There's free and cheap furniture people are getting rid of everywhere. That's how most of the people I know of back in the 80s and 90s did it. No, none of it matched but it was functional and got us through until we were stable and we replaced it a little at a time.
It’s insane how many people refuse to learn how to cook. It’s a life skill, saves so much $$, and objectively healthier
Unless your going out to nice restaurants all the time,it’s objectively tastier too lol
Usually tastier than nice restaurants. Seasonal fruits and vegetables,proteins on sale or vegetarian,homemade sorbets and deserts.
@@RolandMIA71not to toot my own horn, but my home cooking is better tasting than most of the food I can get out a restaurants
At the very least learn to do easy meal prep.
I don't grocery shop at Costco once a month but I waste my time going to gas stations buying one poisoning energy drink a day.Brilliant!!!
BTW A meal doesn’t cost $12 if it constantly accrues INTEREST to infinity.
SUCH a good point!
Very interesting way to look at it
According to the money guys, a $12 meal at 20 costs over $1k in just lost earnings by retirement
@@zacharyzimmerman2101 that math doesn’t make any sense. With that logic if I had $1.2 million then I should be retiring with $100 million if I invest it.
@@TheProboys3 that is exacrly what im saying
I would love to be on the show. But I feel like it would be too boring to watch because I have my finances in order.
Same here
I feel the same.
You don’t belong on the show then
Agreed, I’m about to be 21 years old with over 12k in savings with a retirement account started and have no debt paying cash for my college by working through school. Caleb has helped me out a lot. Thank you Caleb!
@@Thedjsmokeybear I think it could be valuable, maybe once a month, to have some on whose score was like a 4 but had a lot of demand (25-29yo couple with kids, zero consumer debt, but student loans and mortgage; maybe zero consumer debt but large medical debt or recurring / chronic medical expenses). Something where the choice is more interesting than should I pay on my 30% credit card or get more McDonalds?
I want my 57 year old mother to come on here. Credit score 480, 10k credit card debt with missed payments, and drives a 2020 Camero. No savings and near nothing in retirement. Help me. 😭😭😭
Do NOT let her leech off you
lol. you're f*cked!
Not making enough money to fund a lifestyle he thinks he’s owed
Bro Bro if influncers on ig are driving Cullians and Lambs i atleast owed to eat out 5x Days a week !!
Yessss!!!!!!!!!!
Thats not how that works. The niche phenomenon of insanities that occur in the modern world dont justify your prefered eating habits@@YoungVon22293
THIS
What do you expect from his kind lol
The idea of buying new furniture at the age of 21 is wild to me. I'm still grabbing free stuff and I'm in my 40s.
Same, same.
There is such a stigma with used furniture that I absolutely don't get... I got a used lazyboy leather couch and chair for like 50 bucks from my local used place and steam cleaned and wash it to be like new... that combo would have cost me like 3-4 grand at the new store... 39 and have a decent savings and paid off car.. people are just so lazy and picky
I have a mortgage and looking around my room I think the only "new" furniture I have in here is my mattress. All four desks in my house were used, all office chairs were used... The only new furniture in the house I think is the stand I have for my turtle tank, cause I don't want my turtle tank on anything janky.
I didn't buy a sofa until my 30s. Until then I just rolled by pc chair over.
a bedroom set for $3k?!?!? That was the absolute LAST thing that I cared about in my 20s.
This episode is the best guest you have had on in MONTHS. Producers, more this and less sensational. I get a bunch may show up but you can shuffle the episodes around so we can have a nice meal in between the fast food of guests.
I work at a credit union in Michigan and the charge on the credit card for “debt protection” does NOT pay the card off it he “lost his job.” It’s for if you are unable to work from a sickness or injury it makes the MINIMUM monthly payment for you. Which looked like $25. lol
Lol dude if your ceiling collapses and your insurance doesn't cover it because of code violations you lawyer up and sue your landlord! This guy got ripped off.
Right, instead he was roped into a more expensive lease.
Meh, i would just move ojt
If this happens when you’re still in the lease it’s still the owner’s responsibility to cover the damages. Especially if it’s due to negligence.
Absolutely. A lawyer would LOVE to take that case, and would probably do it YDPUWW because that seems like a slam dunk lawsuit
LMAO The ceiling collapses through apparently no fault of his own, forcing him to buy a whole bunch of new furniture which he did on his own dime, and then as a "consolation" they told him they would move him to a much more expensive two bedroom apartment! 🤣 They must've seen him coming a mile away! There's one born every minute!
21 year old wants parents lifestyle that probably took decades for them to achieve. You can't have it all right away, kids.
I say this all the time. I think that is one of the biggest issues with people these days. 21 year olds trying to live like their 55 year old parents. Time is money...
yep
Exactly. I see too many gen zers villianizing older people for having a paid off house, retirement accounts, etc like...they worked their whole life for that. You'll get there too in 50+ years
most younger folks these days want that INSTANT gratification....
@@timborski1210 in fairness when I was that age I felt so behind and it's because so many older people talked to me like I already failed because I didn't have a house at 21. So it's not that instant gratification it's because I was told something that wasn't true and called a failure for it.
When he calmly said "I'm wayyy bigger than you what that air mattress gon do?" I felt that 😂. How this dude doesn't bust out laughing from these responses is crazy.
Caleb missed the guest admitting to "couches," as in not one but multiple.
Edit after watching the entire episode: I don't think this guy is going to change. He's more interested in living a lifestyle than building a future worth having. If he buys a house, he's going to go shopping for all new stuff to furnish the house. Between having a good paying job now and being raised by parents that are earners, he's taking everything for granted at this point in his life and may end up running his future into the ground. He really strikes me as the kind of guy that is only saying "yes" but will turn around and do the same things over and over. I hope I'm wrong because I don't want him to continue to spiral financially. So many people in the world are dreaming to have his income. Yet, he doesn't seem to understand how great his is currently.
Someone making like 65-70k a year saying they don’t make enough to live is beyond infuriating.
With no kids and living in a small town too!
@@fairydust1615 at the age of 21!!!!! my face was like 😡
I’m Convinced he made that up
For real. My girlfriend and I make a combined 97k a year. I know it’s a quite a bit higher but that’s two people’s income. And we can comfortably save/invest 25% of our gross income. I make 52k and can live comfortably off that, even if I was on my own and this guy can’t live off 65k-70k, shit is crazy dude. I feel like a budget opens your eyes so much to how much money goes to dumb shit a lot of the time.
@Goodmorning592 I lost my s#!t too. I'm 31 getting close to 60k and can invest save. At 21!!!?? Wow that would have been nice.
"I'm going to agree with you 50/50" I'm stealing that lmao
You're 50% wrong and I'm 50% right 🤣
😂
its such a good line lol. Cant wait to see how crazy people look at me
😂 it’s a good one
😂😂😂😂😂😂
I would love to see you actually go into a grocery store and help people grocery shop on a budget.
I actually really enjoyed this episode ❣️ Hearing that this guy slipped back into credit card debt after paying it off is the exact reminder I needed to keep my paws off the plastic ✂️ 💳
Saying you "don't know" where $5000 went is absolutely insane. That's such a life changing amount of money for so many people...
Yep enough to get a certification
I walked off without my 30 bucks cash at the dollar general the other day. I live out in the booners so I just ate it. That was my spending money for the next week! I was so pissed at myself.
Spends 20% of his money on garbage food and has the audacity to basically ask "WhY aM i PoOr?!?!"
I just had this realization as well recently until I broke down my statement from last month and saw I spent 17% of my money to takeout. It’s not good to see that. And it’s hard, but you have to make sacrifices
Welcome to the U S A B A B Y
This is literally everyone who complains on tiktok about being in debt or poor or struggling. Not willing to cut things and sacrifice. Want to complain they can't afford to exist anymore.
@@CalebHammer Have you ever thought Caleb, that if suddenly everyone in US followed a proper budgeting, US economy will tank? Its litteraly the heavy spenders (which is the typical American) that keep the economy floating and keeping the salaries high. The less people spend the less revenue for businesses and from that it all goes spiral. For the total economy, heavy spending is good, is only bad for the individual.
The audacity is real on that one
I have paid off 15k debt and have a fairly substantial emergency fund now thanks to this show, still have 20k to go on a vehicle but making steady progress
„That’s European“
„That’s European“
🤔
„That’s European“
😂
Oooh… „that’s YOUR OPINION.“ 😅
Second-language hearing comprehension was off the hook from the start!
😂
Granted I was 21 quite some time ago- I would've been STOKED to be making $4,400 monthly at his age without a degree requirement. He is the reason he has no money 🙄
Same! Breaks my heart to see people so young throwing away such great opportunities. I didn't make that kind of money till I was 26!
@@TherapyGel I'm 34 and I still don't make that kind of money with my degree, ha! But I'm comfortable as long as I keep an eye on my budget :)
I was making something like $2100 a month at that age. $4,400 is WEALTH.
I'm 25 now and when I was 21 I was making about what he was - as an engineer with a bachelor's degree, and in a HCOL area. And I never even came close to spending all of it each month. This dude is so ungrateful!
@@TherapyGel right this is pure entitlement. Im 21 myself and I am STRUGGLING. At the moment jobless but if I was at his spot I would take it with full gratitude! What a brat
Being 21 and getting tested for diabetes because of eating habits is wild wtf
MERICA!!
Frr but imagine getting diagnosed at 12 I’m proud to say I’ve built better habits now tho
@@perla.ollivro But that isn't your fault. You were not taught properly. Now, as an adult, you've corrected your course and are doing better. This guy knows he's effing up his health and yet keeps spending $800/mo on restaurant food.
Hey, good for you to open up to his hard and important advice! It's awesome to see your attitude change throughout the episode in such a manner. I really hope you continue this determination and get out of this situation, good luck man!
Caleb! Since watching you, the wife and I paid off our two cars, and worked our emergency fund up to 15k! Keep the content coming big boss! 👍
Thumbnails are getting more cursed every week.
This 1 is crazyy😂😂😂
Agreed. Dial it back.
Way too much
Cursed? You misspelled „work of art“ there, mate. But don’t worry, I got ya :)
I love it lmao!
In his defense he really doesn't need to worry about his 401K. Because if he keeps eating all his meals fast food, gaining weight and vaping he won't live long enough to retire.
Dang that burns
There is no proof that vaping kills people
Startup bros be like. You know what? Microwave dinner! But as a Subscription. People gonna love that innovation.
My God. I'm living on about $25,000 per year. If I made $50,000 per year, I would have zero debt, an emergency fund, AND max out my Roth-IRA. I can't even IMAGINE the privilege of having $50,000 a year. 🤯🤯🤯
"That's your opinion, that's your opinion" God I can't stand when people get defensive right off the bat.
Same! That pissed me off right away!
I know, right?!? Like, dude.... YOU came to HAMMER TIME!! If you didn't wany his opinion, what are you doing??
It's kind of the era we live in. There is no objective truth, it's all about how people feel about whatever. Caleb pointed out FACTS and the guest claimed it was an opinion.
To that, the best response I've seen is Christopher Hitchens: "Of course it's my opinion. Would you rather I voice yours? What a fatuous remark!" I'd actually like to use it one day 😂
MUCH better episode, less shouting and more helpful advice with Caleb’s signature sass, thank you Caleb! 😊
Most of that is due to him being calm but he was generally listening not perfect but to infuriating
In my first place i had my computer, desk, chair, trash can, and cookware for two years. Comfortably slept on the floor with blankets and a pillow. Lived on 2100$ a month with 700$ rent. Furniture was forced on me by my family 😂
You should do like a “can I afford it” series where people come to you and ask if they can afford a car/ house/ other random kind of expensive things (like Suze Orman) you can still bring on idiots but also people who have their crap together
He didn’t start the episode with a debt in front of him and yelling. We are making progress
Definitely, there’s a little yelling but most of the time it has been warranted
@user-bl4kt7iz3i all the yelling was justified
y'all need to stop bitching about that. he was yelling because the guests kept pushing back and refusing to accept that they have bad logic and bad spending habits
@@ericchen776it was overkill.
I also noticed he stopped saying "taquitos" probably trying to appeal to a bigger audience who would have been lost by what he meant
I swear when people complain about rent but dont know the cost of other major cities. 1k for rent is nothing.
Right? For a 2 bedroom?!
I really enjoyed this video a lot :) He genuinley seemed to take your criticism which is becoming more and more of a rarity! I really hope we get a positive follow up with this guy! because he genuinely seems serious about changing his ways
Caleb talking to his guests reminds me of the conversations I used to have with friends growing up. Not that we spoke about financial decisions, but they would just make the stupidest, most reckless decisions and end up feeling the repercussions time and time again but would refuse to change. You can bring a horse to water but you can’t make them drink! Some people have to hit rock bottom to climb up which is truly sad.
Watching this show has drastically started to alter my mind set, ive been poor for my entire life and i used to think that's just the way the world was. I realized after digging though my past finances and analyzing my families past we were spending every cent we had to spare on stupid bullshit. Some of my family still tells me that credit cards are good for emergencies. Bruh no, we cant do that shit anymore.
Thank you caleb and team for helping me and my girlfriend get our shit together. Ive gone from $14,000 in bad debits and collections to just $899 left on my last credit card over the last year and a half. Almost there!
Woo hoo! That is awesome!
Congrats 🎉
Over time your finances will improve as you don’t pay interest on your wants and needs. That’s like making everything 30% cheaper! The future is bright for you!!
👏👏 great job!! Almost free!!
"who's living on less than 50k a year?" a lot of people. Most people in the world, actually.
This is an example of: when your gross salary is higher than your IQ.
most? Pretty much everyone, 99% are living on less than $60,000
@@gin5sey also known as most, yes.
Me lol
This started off and I was convinced this wasn't going to end well. I'm so glad it turned around. You got this my guy!
"That's your opinion"
Yes exactly. That's why you're here.
No literally like do they forget that they came to have their situation addressed?? This guy literally couldn’t accept that a single thing was his fault- wtf did he think Caleb was going to do for him??
I really appreciate Caleb's attitude during this video.
At least 20 minutes in, the client seemed pretty ignorant to how he should be living based on his finances and was pretty defensive, yet Caleb showed him the numbers, the facts to prove him wrong, instead of raging against him.
I agree!! I haven’t been able to watch a single video in weeks. I can’t stand how belittling / shout-y he’s been in the past few episodes. So far, this video seems much calmer and more educational!
I gotta agree, feels like a big improvement
Glad he had the courage to share his finances to the world. I understand he may be afraid of grocery shopping and was never really told how to do it. He may not have had someone to show him who to do it correctly. I think he just needs to start slowly and build up some confidence in food planning. He may have some anxiety or past experiences towards it. Food shop for 2-3 days, get basics, protein (chicken), bread, milk, eggs, some fruits, and veggies. Something he can easily cook or prep.
He really turned it around and went from deflecting to accepting. Wonderful!
These people in denial piss me tf off 😤😤 50k?!? Bro I’m making 30k and I feel like I’m dying I would kill to almost double that 😫
They have no idea.
I was making 51k a year and am now having to accept a 31k job starting now-- SOLELY because this new job is in the state that my daughter's new school will be in this fall.
I have to live there for her to attend, so I'm having to cut back immensely for her.
Happy to do it-- but for him to be CRYING, not willing to cut back about 52k a year is an absolute joke
@@CERap22 you’re a good father man!
I wonder if people making under 24k feel this way…
I hear ya there made 29k last 8 years changed jobs jumped to 38k still feel broke... Lmao
I know I've commented it before but the whole "I feel like..." or "I don't feel like..." when faced with basic math kills me. It's not feelings, it's numbers my dude. Once you start accepting reality you can start making it better.
Gen z can't speak without talking about feelings
I stay very far away from people like him. Because wtf dude 😶
Same. It's so destructive to deny reality such as math because of how one feels.
@pinkisforpimps lmaoo that's exactly true 🤣
It’s the “Facts don’t care about your feelings” statement.
Admire you so much Caleb hammer first starting this channel and really trying to help people. You're saving lives and their futures. Who knows what goes on behind the scenes but probably even better conversations. Sometimes you have to put ppl in check HARD like you do for them to absorb it
28:11 when Caleb had to recalibrate his brain was how I felt this whole episode. This man doesn’t live in the real world, I live off 2/3 of his income in one of the most expensive cities in the US and I’m incredibly comfortable. Budgeting and cooking will change your life!
You cant argue math...lol. This guy is the type to rear end someone and blame them because he was texting.
“But I HAD to text back, they didn’t have to stop?!” 🤪
😂😂😂😂😂😂😂😂😂🤣🤣🤣🤣🤣🤣🤣🤣🤣
Believe me man there's alot of people in the world that DO that and really believe they're in the right.
So many people don't understand how expensive eating out is. They go get fast food and spend $10-$12 on a meal.
My wife and I meal prep together. We make 30 meals a week. 10 breakfasts, 10 lunches and 10 dinners and we eat SOOOO well! And we spend $100 a week on groceries. That's an average of $3.33 per meal. Eating fast food isn't cheap y'all!!!
Edit: She is a nurse and I work in construction. We are insanely busy. So we spend an hour on Sunday and an hour on Monday night making all of our meals. It isn't time consuming at all!!
Meal prep confounds me and I wanna change that! What kind of meals do you prep? Do you have a revolving menu? Lots of reusable containers?
We didn't have anything ready for dinner on Sunday because I got home three hours late from work and our baby was impossible. We went to Jack in the Box and it was $30 for two!! Meanwhile, last night I discovered bugs in my rice so made a makeshift pasta with stuff I had in the pantry. $3 of chicken, $3 asparagus, $1 egg noodles, $.50 tomato paste, $1.50 coconut milk. $10, tastes delicious, we had seconds, baby got a portion and we have leftovers.
Yep people who are too lazy to take any time to prep their food. It’s pathetic really. Plus the quality of fast food has gone down.
@@SamanthaFogelson we have tons of reusable containers.
I'll take you through this week!
Dinners: Moroccan Meatballs with green beans and a corn/tomato/Parmesan couscous (we will eat 3 meals each of this)
And
Grilled chicken Caesar salads with all the fixings (we will eat 2 meals each of this).
Lunches: I eat a turkey sandwich, banana and sleeve of crackers every day because it's cheap and quick and easy.
My wife is eating chickpea salad sandwiches (like chicken salad but with chickpeas instead), an apple, a string cheese and some crackers.
Breakfast: I am eating cottage cheese with a little pepper and basil pesto and avocado toast.
My wife is eating Greek yogurt bowls with raspberries and strawberries and some toasted oats.
We tend to eat the same things for lunch every week because we found what we like and it's cheap and easy. Breakfast and Dinners we use the NY times cooking app and general creativity.
I have a food Instagram if you need ideas called Been.there_ate.that!
Yeah whenever I hear ppl say “groceries are just as expensive as fast food” are financially irresponsible
I love how excited Caleb got when he realized how much money is left over in the budget. The past few have been ROUGH. "OKAY, if you act right, you'll be out of debt in five years..."
"Rent is cheaper than mortgages" ....Laughs in Vancouver.
$2,200 Bi-weekly is $57,200 annually, not $52,800. Also for reference I make $82,764 gross annually and net $2,046 bi-weekly after taxes and benefits so this guy is making plenty of money.
Roughly the same here. Live in Raleigh NC. Support a family of 5 with that income alone
Yea x26 Caleb
62k salary here but only net 44... this guy is making a killing. Not 10 min in but clearly irresponsibly spending to feel "poor"
Hell of a lot better than I was doing at 21.
@@giantfatbergthat's awesome that you're able to do that in Raleigh! Gotta share tips on how you do it man.
The timing on…
“What about clothes?“
“Do you have clothes?”
“Yeah.”
“Sick.”
… was PERFECT.
53:54
My finances have improved since watching your videos! Thank you so much for what you do Caleb!! 🇨🇦
Man... I can relate *so* hard to this... that entire deflection at the start.
"That's just your opinion."
Objective facts are *not* "an opinion".
Being famous, doesn't make your "opinion" right.
Calling someone a meaniepants, doesn't make their facts, incorrect.
“there’s medical reasons behind it” i literally stood up in the middle of my pre packed lunch break and said “WHAT”
This young man is so lucky. He’s 21. If he invests 20% of his income into an index fund in a retirement account, he’ll retire a millionaire without even having to work that hard. The problem is that he’s going to have massive health issues at a young age, as his eating is so terrible.
I am really glad you drilled it home that he earns plenty. So many people think its a money in issue when its really a massive money out issue
Made my last payment on my credit card tonight!! I’m debt free thanks to you, Caleb!!
GREETINGS HAMMERHEADS 🦈
A baby accountant... lord be nice to him Caleb, we need more in this industry.
Hey there :)
@@courtneypetersen5275 this guy as an accountant??? Naw. No way
@@samanthafreeman4315 Anyone can learn. Lol. And Money Daddy wants us to be nice and encouraging.
28:59 who else thinks they should keep a box of all the cut up cards to show future guests what others committed to. “CUT THE CARD BOX”!🙋
good idea
A huge container of some kind that is clear. We want to "see" those pieces.✔️
Except they never seem to cut through the chip so all those cards could technically still be used (I don't believe these people are cancelling them).
You also have a full name and signature on the card! What could go wrong?!
Oh, and of course you have the full number of card that can be read... which of course could never be used for any nefarious purpose
The issue is not as much having a guest see a box full of these. It is Caleb keeping that box in his office where many people could access it
It was very nice to see the walls coming down and him seeing the forest through the trees towards the end. Was a little worried for him but i think he can really do it! Its great that hes catching this while hes still so young, just grind it out, it will be so worth it!
Im telling you, you need to put “I need to eat” on a shirt! Hear it way too much 😂
He’s acting like 52k net as a 21 year old is hard. Bro doesn’t have a clue what difficult is.
Take a shot every time the guest says "I agree BUT ...", chug a beer every time the guest says "I understand BUT ...".
Congratulations you have alcohol poisoning.
Bro you trying to kill this whole comment section????
@@dirtyrottencromag I made that comment like 10 minutes in. Didn't realize everyone would die when I posted.
Add in "See, what happened was..."
I’ll always LIKE for plastectomy on show. Good for this dude. Nothing wrong with learning something is worse than you thought and utilizing that new information. True growth, proud of him!
Caleb Hammer I am proud to say your videos has helped me to completely saved for trucking school and now I have the opportunity to go into a school debt-free! Thanks for teaching me how to save!
Two things that schools in the US need to teach:
What compound interest is.
How to cook. Not just a meal, but how to plan meals for a month.
We learned that in various grade levels lol Kids just don’t pay attention in class.
Being taught something in school doesn’t equate to someone understanding and taking on the lesson. This stuff starts in the home.
Its more than education. On many levels we KNOW what we should be doing,but for various reasons,we don't do the right thing. Good example..
Eating!
We first need a financial literacy program for our schools 🏫 that last until you graduate high school
Illinois has a requirement that all high school students need a semester of consumer education to graduate. Obviously results vary based on each student’s engagement with the material, but there’s movement in that direction.
McDonald's isn't cheap anymore! They've done great marketing to make people think that it still is! Especially in California, $12 for a burger and a drink?! Insane
Just spent 7$ on two McChickens it's ridiculous.
Caleb should do a credit card rehab. Imagine he takes 6 of his most promising guests who have already shown they can budget with cash, makes them an authorized user on a secured card with a $2k limit (easily in the shows budget, it makes six figures a month at his numbers), completely unsupervised use and invite them in 6 months later. There could be some kind of reward for people that follow their hammer budget plan and also use the credit card properly. Points for maintaining the proper balance, auto-pay the full balance, using cash back, using points in a responsible way.
Some people are super financially ignorant, but are generally smart and disciplined. Credit cards became my gym/school mindset. I haven't touched my cards since the show gave me perspective. I'll trust myself to use credit cards once I'm happy with my budgeting.
I am from Texas. I know Killeen. I live in Los Angeles and have a lower take home. When he said he felt poor at the beginning, my brain almost exploded. I'm able to live comfortably and save.
I like the good old intros vs the hectic ones. Feels more warm, cozy, and financial audit-ish
This is the type of person who even if they made $100k it wouldn’t be enough bc of their priorities
Swear
I like that quote, "he had the balls to come on, not you." Buckle down on reducing your food budget, that debt will go away, and then you may be able to loosen up a bit.
You reallt should get a credit card shredder machine. I feel like the noise would be awesome 😂
Omg but the chip in the card 😵💫😵💫😵💫
@katiehautakoski2078 shouldn't be a problem. The card would probably still work with it just being cut by scissors
CALEB DO THIS!
Dude!!! Mad respect to this guy!! Cutting up his cards and getting that fire under him to make a difference! Best of luck!!!🎉🎉🎉
I can’t speak to exactly how he was raised, but as soon as he said his parents make good money..after he said his income isn’t enough…I found the problem
People irresponsible with money and fast food addictions go together like macaroni and cheese
Edit: DUDE SERIOUSLY?!?! The first time school isn’t FREE, you drop out?!?! What a genius
Actually I think it’s smarter to figure out your finances than to wing it on student loans…too many people have student loan debt that is out of control
@@coldcloakmusic6630 ehh, if you’re a responsible person and know you will graduate with an accounting degree, there’s a very high likelihood that you will at least make enough in your career to pay off the loans. There’s a much higher chance that leaving school to get money figured out results in permanently leaving school. The allure of money now vs spending money for education is a tough one for a 20 year old Id think
@@njfuentesrespecter81especially if he was half way through
@@coldcloakmusic6630 yeah in his current position he can't cash flow school and would tank further, I hope to see him again on here I think he has a lot of room to grow, financially
I did this and it was the smartest financial decision! Graduated with my BSN with no debt and figured out what I wanted to do in the year I took off. Ended up with a better plan and better paying degree. Went to school part time and cash flowed the tuition
I know none of us like to hear it when it happens to us but I truly did live with no furniture when I got my new apartment after my divorce for a while. I had a little bit of money so I bought myself a bed and a dresser and pretty much a card table and folding chairs for out in the living room. Honestly, the clear space was a great way to think the declutter felt so good once I got used to it. As he said, no one wants to live like that long term but temporarily be open to the possibility that it might be perfect for you in that moment. Not ideal but completely doable.❤❤❤
I love that you shifted your perspective to enjoy the simplicity and lack of clutter. It might seem completely awful to think of living without furniture but once you do it you realize it’s nothing to be afraid of. Deliver us from Swedish furniture - you are not your khakis.
Fantastic reference