I come from an immigrant family, my parents have working at their jobs 15+ years and have doubled their pay from 7.50 an hour to a grand 15 an hour…. I can totally see how her family thinks she’s ballin bc she makes 22 an hour at 21 years old. Sad but relatable
Oh I totally didn’t realize that, but it’s true. I guess I’m very lucky that I make more as a new grad compared to when my parents retired, but they are still adamant about paying me back on things I help them purchase. I think that helps us have a better relationship, kinda like there is a backup plan but you know you wouldn’t take advantage of the situation.
@@user-hd8ej8yx9p technically not, but only because my dad works a lot of over time. Also, They were lucky enough to flip cars when they were younger & then started investing in property in their early 20s. They now own 3 rental properties + their home all paid off. They just work low paying jobs bc they don’t speak English :/
Suspicious that she’s “saved” $11k with her mom and the car loan has gone from $17k down to $1k when it was originally a 7 year loan. And then she says she hasn’t “saved” the regular $600 in the last few months and her sister suddenly needs a $600 loan to pay her credit card bill. Her first step walking out of this meeting needs to be asking her mom for the $11k and putting it into her own bank account.
I definitely had a small heart attack listening to Emili say that she gives her mom her savings, if her mom can’t take no for an answer when taking out the car loan for her sister then what’s holding her back from spending her savings?? 😔 I hope to see her in a future video in 6 months!! You’re doing so well Emili, but you need to SET 👏🏽THOSE 👏🏽 BOUNDARIES 👏🏽NOW 👏🏽 we’re all rooting for you!!
This! There's no reason for her mom to be involved in her finances at this point. It's just a disaster waiting to happen because it seems like her mom would sacrifice her financial wellbeing for her sisters.
Those parents are abusive and they don’t know the damage they do to their kids. They need to see a therapist and Emily needs to wake up! And stop living in her family traumas.
Not surprised at her comments about her mom… as a child of Mexican immigrants, that’s exactly the type of financial burden we’ve been taught to just deal with. We don’t know any better, and can’t advocate for ourselves until much later in life. Hope she can do that
My friend dug herself out of a financial hole after her mom took out credit in her name. She and her husband are teachers so they don’t make a lot of money. It took years to clean up the financial mess and to get over the mindset of feeling responsible for her parents and nair do well brother.
one of the biggest advices i ever received in my life about money and family. Is if you cant help yourself then how can you help them out ? for example they need 1000 dollars are you able to afford giving them 1000 to help them.
Girl, your mother used your credit to buy someone else a car... don't give her your money to save... SAVE YOUR OWN MONEY! You are smart and capable... intelligence is not measured by a college degree... seems like you found what you love so lean into it. I could see you being a personal shopper or merchandiser at a high end store that will pay you more. Think big my darling! You've got this!💖
@@exjehooberdubexpiobeezleeb6269 It is a completely different subculture. Traditions that are interwoven with love and support bode better than the " me concept".
Lol, Im African American and not an immigrant, but I feel this way. I definitely see where my parents sacrificed for me and my sibs. I want to give back to them....but I'm not game for letting others use my credit tho...
Stop saving your money with your mom 1) you’re a grown up, be responsible 2) she can steal it, just like she won’t take no for an answer on the loan 3) it’s too tempting, your relationship will suffer
She's so charismatic! Even without much personal finance knowledge, she's doing okay. With knowledge, a few fundamentals, and some boundaries, she is going to go so far.
The value of having someone young to talk to like Caleb seriously about personal finance for some of these people... I hope they make big improvements in their lives after these conversations.
She has to learn some self control, and family boundaries. Having her mom be her savings account scares me that the money isn't actually there. She needs to get her own account and transfer her money there before she has heartbreak.
She needs to open her own savings account and transfer all her money. I’m afraid her mom is spending her money. 😩 As a Hispanic, I can say that unfortunately we are taught that we “owe” to our family and it’s our responsibility to support them once we get older. I struggle with this too and it definitely hurts your personal finances. To me my mom is not the problem but my siblings constantly ask for money that I never get back, you can’t say no because it’s family. 😫
I’ve been having to tell my family that I can’t help financially for a while until I get more invested for the future. It took 6 years to undo 2 years of credit damage from “helping” them.
The worst thing is that you are called selfish for saying no, like you are an adult, aren't you supposed to look after your finances by yourself. I sometimes feel as though I'm being punished on the fact that I'm financially stable.
This was such a fun episode, nice to see one without a lot of major issues. Little concerned about her savings account and family, but she really seems to have her head on straight. Wishing Emili all the best!
My advice for her. She is smarter than she gives herself credit for. You are who you hang with-does her circle build or tear down her self esteem. I have a feeling they bring her down more than they bring her up. I would also really strongly suggest she move her savings into her name and make sure none of her family have access to it. She can open a savings only account at a different bank that requires her to go into lobby to withdraw. This will help her not spend it. If her family will get a car in her name with guilt then they will spend that savings, especially when its 11-18k. She is smart enough to learn to budget, build a financial life for herself, and work her way up at Target and other retail chains. There is nothing wrong with that path in life. We all need retail stores and someone has to merch them and run them.
How much you wanna bet when she wants to put her finances first her family will go some flavor of "I see so we cloth you, feed you, house you, send you to school, sacrifice everything to bring you to this country, and now that we're old you rich girl is too good for us now 🙄". What she should say is "Yup that's right LOL 💅". Don't ever let them see you cry and don't give them a cent unless they ask you without guilt tripping". This a favor.
Don’t you just love family that ruins your life in the name of love ❤️ 🤣 Her sister ruined her own life with her baby now she’s trying to ruin her sisters
I love that Target shirt! And I totally think she'll cut back on spending to become a multi-millionaire in the future! I think with Emily's story, we can see that no one really needs to be an expert on personal finances - with a little bit of education, budgeting/saving, monitoring and support we can become financially well-off.
She's in really good shape, she just needs to set healthy boundaries with family is all...all us immigrant kids have to learn to do that one way or another
The higher income in July was likely due to the fact that she got paid 3 times in July if she normally gets paid bi-weekly on Fridays. July and December are three payday months this year (1st, 15th and 29th)
To this girl. Do not enable your sister by giving her money. Do not allow your mother to dictate what you do with your money. If they want to live like they do, you need to let them. You cannot save them. Make your own life great.
I'm terrified for her savings. As someone who's parent stole money and spent it all- I'm afraid her mother isn't actually saving the money- or will pull it and spend it on the sister the minute she hits a hardship
Yeah this makes me very scared too especially since her family has financially manipulated her in the past. It can be hard to break that toxic cultural history but worth it for her own security. Can't help others until you help yourself.
This is super interesting because I think something a lot of “financial gurus” don’t mention is family dynamics and how that can impact your financial goals, whether that is consensual or non-consensual.
Shout out to her for being brave enough to get help. She should cut back on the spending. Definitely needs a budget! 😅 And really needs to work on boundaries with her family.
@@CalebHammer keep up the great work!! I am a fellow financial nerd my self and I love what you are doing with this channel. So many people need to see videos like these!
She is absolutely right on the credit cards. The best score comes from having all cards at zero expect one. The one card should be between 1% and 10% utilization.
Maybe more of a long term project for you, but it would be interesting to see updates from the people you interviewed 3 or so months from now. Which ones took your advice? Did the "I might die tomorrow" guy become homeless? etc.
Leaving a balance on your card is complete unnecessary. It's a myth. You just have to make sure you use your card enough to not get cancelled. A zero percent utilization rate is fine
Who gives their mom money to save for them... get your own savings account. Put it in a different bank if you don't want easy access to it. I find that so strange, I'm sure her family is trustworthy but it makes me uneasy.
I find it insane that this young 21 year old girl is doing way better then your other people in your other videos with college degrees, and are drowning in student loan debt. Why not just work your way up in a company, and have them pay for your school target will pay for your college.
My issue with these statements is that people that have student loan debt have already done the damage. Why must y’all keep harping on them with should’ve, could’ve, would’ve? Just speak about solutions to do NOW instead of chastising about the past that we have no control over..
the other people that have student loan debt aren't solely drowning in that debt. they also just make a lot more poor decisions, a lot more credit card debt, payday loans, expensive car loans, and lifestyle creep... etc tons of people do perfectly fine with student debt as long as they get good jobs and make good financial decisions. there are tons of jobs that are important that can't be done without college degrees.
Student loans ugh. Seriously people need to pick a college TJ at close and cheap. Forget about going out of state. Very few majors really need to be completed at the ‘best’ college. Even med school. When was the last time you asked your doctor where they graduated from and based your deduction on that. There are cheaper med schools but just less prestigious. People can do community college first then finish up at a 4 yr college to save. I saw so many people wasting their student loan money when I was in school. I pick a ‘cheap’ school and worked to avoid student loans. But people now are all about the ‘college experience’ which in the long run is over rated if you are saddled with debt afterwards.
yeah... the math ain't mathin'... the sister is aggressively paying off the car loan but needs to borrow month to pay her credit card? I wouldn't be surprised if that $600 a month she gave her mother to "save" for her is going toward that daggum car loan. 😱 So concerning!
I really hope this leads her to moving out and locking down her credit with the credit bureaus so this can't happen again. I do live in a heavily populated area with immigrant families. I have seen some really unfair stuff. Babies get a ss# before the age of one. It is brand new credit, so the parents take it full use of it but drive it into the ground. When the baby turns 18, they have destroyed credit on their 18th birthday. They also have to pay off or sue mom and dad to help pay it off. There is an attitude of entitlement and obligation in the name of family. They took full advantage of the child. It is also financial abuse when the new adult CANT move out. They are being held captive financially.
On one hand, I think this should be illegal since the child is left holding everything and their parents can get away with it but on the other hand, parents can use this to build a good credit score for their child. That's what my Mom did. She put me on one of her cards and made sure to pay it on time. So on paper, I had 30 years of good credit when I turned 18.
I really like your videos, I have large federal loans and its kind of helpful to see other people going through these financial run throughs as it helps me see the positives of my situation and things I can work on still.
She is seeking advice and help when she is still doing well with jobs and savings, that is awesome for her. Some people only seek help when they are at bottom of a very deep hole with very few options and with habits that are digging deeper every day.
@@BucsRaysBolts yes but she is not at rock bottom, still at a stage where she has many options and time to change and room to move. people at rock bottom would have debt collectors knocking on the door, they get stressed so they relieve that stress by buying more expensive restaurant food.
I’m not going to lie. I have a strong feeling seeing that the mom took out a car note for the sister. That the money this girl is giving her mom every month for savings is paying the sisters car off early. (So that she can pay her instead of the bank) Hope I’m wrong.
I would bet a steak dinner the mom is currently giving the “savings” money to the sister to pay off the car loan faster. Also why would the sister need $600 to pay a credit card? She’s over paying on the car note to get rid of it but can’t pay the other bills. Somethings with the rest of the family just don’t add up here. Edit** I bet she already has retirement. Most companies auto enroll you at 3%. Try and shift the video so you are both on the left and add a spread sheet on the right. Adding income and costs as you go over them and recap at the end so we can all visually see what is happening.
Oh and on the topic of either increasing income or spending less. The best is to do BOTH if you can. Because obviously sometimes you can only cut so much or increase your income so much. But doing both can really accelerate your savings.
6:25 Had something similar happen when I was a teenager, I was saving up for a new car and had $2k, my mother knew I had it and told me to give it to her. She used it to buy a car for my little brother. Never saw the money again.
The secret to wealth is that there is no secret. Maybe you should recommend some personal finance books to these people. Sometimes hearing in a different view is better? (And no it doesn't have to be Dave Ramsay but more like the richest man in Babylon. It is one of my favorites.)
The editing of your reaction to her buying headphone 😂😂😂 can you make a basic video explaining investing. I WANT to do that stuff BUT it's overwhelming when you have to pick options. My 401k is just going to some random fund bc it was too overwhelming to pick something
Depending on your age, it's ok to go with some of the pre-made selections. They simplify it from being aggressive vs conservative. The general idea is the younger you are, the more aggressive you should be. My 401K went from $4K, to $80K the past 5 years because I set it to aggressive.
@@soapa4279 woahh I'm 27 and have been contributing the match since I started working at 21. How do I know which is the aggressive option?? What is some verbiage I should be looking for??
@@mrlynn713 Oh I'm sorry I should be more specific. Obviously this will depend on your company and which investment firm they are using, but mine is Fidelity and they are pretty easy to use. I can login there and check my accounts and can see they put me at "Your asset allocation is Aggressive Growth strategy" because that's what I told my company to use. I would talk to your payroll or benefits department and ask them about allocation strategies and which one you want to go with. Without going in too deep, aggressive strategies tend to steer towards stock, while conservative tends to be bonds, and there is also "blended" which is sorta in the middle. The reason mine actually shot up so dramatically because there was a huge surge in the stock market in 2020/2021. And the other thing about being aggressive, is the best general advice is to put your company match. But if you can put more, the better because of the compound interest, so it will grow faster. So if they match you 3%, nothing says you can't put 4, or 5, or 6, (I think up to 15%) whatever you can do. Hopefully this helps just a bit
@@soapa4279 ahh okay, I have to take a look at mine to see if they break it down that way. I HOPE to work up the ladder a little in the next year or so and then I'll be able to contribute more than the match amount. I'm going from a two income household to a one income one - im in the north east 🥲 soooo I can't contribute more rn but I hope to soon!!
She’s way too trusting. Why is she giving money to her mother to save for her? If her mother is making her fund her sisters lifestyle I bet her mother is spending it. 😔 She literally said she makes more money than her sister and her mother. She needs to check the balance on her account.
The credit card her sister opened is a red flag, but for a 21 year old she's doing great! It's nice to see one that isn't a total trainwreck every once in awhile.
Getting a loan on behalf of a family member is the dumbest thing you can do, especially when describe them as not in the best financial situation. And you loaned them money to pay their credit card. Just wait to be surprised they stopped making their car payment. Transfer asap!!!
I’m suspicious about her saving’s money possibly being used to pay off the sisters car… who knows what her mom could actually be doing with the money, I could be wrong but it definitely gave me red flags
I also have an immigrant family and my mom is just like this, it takes a lot of courage to start disconnecting from them without feeling that you are abandoning them.
I am a child of an immigrant and single mother, she never expected us to pay for any of her expenses, she always felt that as a parent that was her responsibility to her children until we were grown and moved out on our own. Her household her responsibility.
I took out a 10k loan for someone in my family and it was going to be 20k but my credit wasn't good. I was told it was for credit cards and I'll get paid back. But I notice if my credit score is good or I get paid more or if I pay off one of my credit cards I learned to not talk too much about it depending on the family member.
Please have her check that the money she gives her mom is actually in the account and not just helping her sister pay off the car early(paying early on the car history but needs to borrow $600 on a credit card payment?). She can take that money and put it in a savings account herself, automated deposit each check and never has to do it herself. Having her mom/sister with that control of her money and credit is fine... until it isn't. There is no easy recourse for her if there is a falling out or family decides they need the money for something. Just don't loan money to family, even with a contract.
Other people making this kind of content go in that direction but imo this channel's differentiator is about being able to see people's emotion / mental state.
She’s lovely but her family sounds terrible. Maybe because I would literally rather pull all my own teeth out, than ask my family for money but would happily give them some cash (as a gift) if they asked.
Don't ever co-sign a loan with anyone else. They are using her "savings" money to pay off this car. I guess that is good thing they are at least paying the loan off she has signed on to. She needs to be 100% in control of her own money. That being said, she isn't in terrible financial shape at her age and seems to understand the steps she should be taking. It's a real shame her family is taking advantage of her that needs to stop immediately.
And this is what keeps each generation poor. When the struggling parents cyphon funds from the stable children, it causes the stable to struggle as well. It's generational 'misbehavior' - just another form of the abused becoming the abuser. 🤦
@@michellegilliland2767 yes and unfortunately older generations can be stuck in their ways and in fear of disobeying, the younger generations go along with it. I hope that changes with future generations breaking the cycle.
Give Emili some love for being on the show!!
Do you do Financial audits for other states? Video conference? Love your videos btw, very interesting
@@synaesthesia888 For the Money Money series on Saturdays I do :)
Caleb you HAVE to follow up with Emili for us!! We're all invested in seeing her succeed, but very worried about her "savings!"
Caleb's reaction is priceless🤣 like a disappointed teacher.
Keep up the good work girl!
Want to bet mom used her $11K “Savings” to pay down her sister car.
A car mind you that was purchased by “using” her daughter credit.
Identity theft.
Yikes! I wish she had pulled up that savings acct during the interview.
Her family 100% used her savings to pay off that car….her mom is financially abusive
I come from an immigrant family, my parents have working at their jobs 15+ years and have doubled their pay from 7.50 an hour to a grand 15 an hour…. I can totally see how her family thinks she’s ballin bc she makes 22 an hour at 21 years old. Sad but relatable
Oh I totally didn’t realize that, but it’s true. I guess I’m very lucky that I make more as a new grad compared to when my parents retired, but they are still adamant about paying me back on things I help them purchase. I think that helps us have a better relationship, kinda like there is a backup plan but you know you wouldn’t take advantage of the situation.
I know, she almost said: “because I make good money” at one point and I was like uhhhhh
Your family needs new jobs, bro, they’re under the poverty line
@@user-hd8ej8yx9p technically not, but only because my dad works a lot of over time. Also, They were lucky enough to flip cars when they were younger & then started investing in property in their early 20s. They now own 3 rental properties + their home all paid off. They just work low paying jobs bc they don’t speak English :/
The sad thing is I know how it works they don’t believe in saving at all. And once think make you think your balling that effects your spending lol
“How well versed are you when it comes to personal finance?”
“… well, I love to spend”
10/10 exchange 😂😂
🤣🤣
Suspicious that she’s “saved” $11k with her mom and the car loan has gone from $17k down to $1k when it was originally a 7 year loan. And then she says she hasn’t “saved” the regular $600 in the last few months and her sister suddenly needs a $600 loan to pay her credit card bill. Her first step walking out of this meeting needs to be asking her mom for the $11k and putting it into her own bank account.
It's sketchy for sure
Highly suspicious
I was wondering how the sister can pay off the car loan so aggressively but needed a $600 loan as well. Sketchy for sure!
It's so OBVIOUS when you lay out the timeline like that 😩
That $11k gone
I definitely had a small heart attack listening to Emili say that she gives her mom her savings, if her mom can’t take no for an answer when taking out the car loan for her sister then what’s holding her back from spending her savings?? 😔 I hope to see her in a future video in 6 months!! You’re doing so well Emili, but you need to SET 👏🏽THOSE 👏🏽 BOUNDARIES 👏🏽NOW 👏🏽 we’re all rooting for you!!
This! There's no reason for her mom to be involved in her finances at this point. It's just a disaster waiting to happen because it seems like her mom would sacrifice her financial wellbeing for her sisters.
Thought the same thing!
I was going to say… she better check her account and make sure her money is still there.
Oh that money is GONE; and she'll make Emili feel bad about asking for it too
Those parents are abusive and they don’t know the damage they do to their kids. They need to see a therapist and Emily needs to wake up! And stop living in her family traumas.
Not surprised at her comments about her mom… as a child of Mexican immigrants, that’s exactly the type of financial burden we’ve been taught to just deal with. We don’t know any better, and can’t advocate for ourselves until much later in life. Hope she can do that
For sure :(
My friend dug herself out of a financial hole after her mom took out credit in her name. She and her husband are teachers so they don’t make a lot of money. It took years to clean up the financial mess and to get over the mindset of feeling responsible for her parents and nair do well brother.
That mom is financially abusive to her. My parents are immigrants and always pulled their on weight and were even a huge help to their children.
one of the biggest advices i ever received in my life about money and family. Is if you cant help yourself then how can you help them out ? for example they need 1000 dollars are you able to afford giving them 1000 to help them.
that's how it is for all POC. our families rarely leave us financially better, but there's lots of love, which others don't have.
Girl, your mother used your credit to buy someone else a car... don't give her your money to save... SAVE YOUR OWN MONEY!
You are smart and capable... intelligence is not measured by a college degree... seems like you found what you love so lean into it. I could see you being a personal shopper or merchandiser at a high end store that will pay you more. Think big my darling!
You've got this!💖
Her sister didn’t even have a job how did she magically come up with 16,000 to pay down the car loan?
In the name of love
Disconnect finances from family. The mom is going to drain that joined savings account to fund her irresponsible sister. Scary stuff to watch.
Yup because they believe she’s balling. And in time of need the sister needs help so she’s making enough it won’t matter
She’s 21! She need to have her own savings account that her mom does have access to. She has poor boundaries with her family and it’s sad.
Yeah the Mom being on the account makes me super nervous especially with how she was strong armed into her sister using her credit..
I was going to say the same thing. Heaven forbid something happened to her mother. She risks losing access to that money.
Ma'am there's no such thing as boundaries in a Latino household. You obey and shut up. Also, get guilted into oblivion.
@@exjehooberdubexpiobeezleeb6269 It is a completely different subculture. Traditions that are interwoven with love and support bode better than the " me concept".
@@KC-dr3cg I've seen people of various subcultures be taken advantage of. I hope that isn't the case with her.
Totally an immigrant thing to "owe" to your family once you're more financially stable
That’s so true
Lol, Im African American and not an immigrant, but I feel this way. I definitely see where my parents sacrificed for me and my sibs. I want to give back to them....but I'm not game for letting others use my credit tho...
Foreal
...totally not...and you are probably the same who would cancel anyone else for some equally ignorant racist bullshit...
Yep.
Stop saving your money with your mom
1) you’re a grown up, be responsible
2) she can steal it, just like she won’t take no for an answer on the loan
3) it’s too tempting, your relationship will suffer
Anyone else thinking her sisters car is almost paid off from this girl's savings that she's been giving to her mom? 👀
She's so charismatic! Even without much personal finance knowledge, she's doing okay. With knowledge, a few fundamentals, and some boundaries, she is going to go so far.
agreed
Uh huh.... We have a major pandering problem in this country. Big one.
The value of having someone young to talk to like Caleb seriously about personal finance for some of these people... I hope they make big improvements in their lives after these conversations.
She has to learn some self control, and family boundaries. Having her mom be her savings account scares me that the money isn't actually there. She needs to get her own account and transfer her money there before she has heartbreak.
She needs to open her own savings account and transfer all her money. I’m afraid her mom is spending her money. 😩 As a Hispanic, I can say that unfortunately we are taught that we “owe” to our family and it’s our responsibility to support them once we get older. I struggle with this too and it definitely hurts your personal finances. To me my mom is not the problem but my siblings constantly ask for money that I never get back, you can’t say no because it’s family. 😫
You can say no, it's easy
You can say no, you don’t owe them anything
@@TheRealCatof this is the difference between cultures. You think it’s easy to say no but it’s not. You’re raised to believe this.
Wow insane expectations
Credibility, Im hispanic and sometimes lend my sister money and she pays me back on or before the due date. If I can’t afford it I say no.
I’ve been having to tell my family that I can’t help financially for a while until I get more invested for the future. It took 6 years to undo 2 years of credit damage from “helping” them.
The worst thing is that you are called selfish for saying no, like you are an adult, aren't you supposed to look after your finances by yourself.
I sometimes feel as though I'm being punished on the fact that I'm financially stable.
Terrible
This was such a fun episode, nice to see one without a lot of major issues. Little concerned about her savings account and family, but she really seems to have her head on straight. Wishing Emili all the best!
My advice for her. She is smarter than she gives herself credit for. You are who you hang with-does her circle build or tear down her self esteem. I have a feeling they bring her down more than they bring her up. I would also really strongly suggest she move her savings into her name and make sure none of her family have access to it. She can open a savings only account at a different bank that requires her to go into lobby to withdraw. This will help her not spend it. If her family will get a car in her name with guilt then they will spend that savings, especially when its 11-18k. She is smart enough to learn to budget, build a financial life for herself, and work her way up at Target and other retail chains. There is nothing wrong with that path in life. We all need retail stores and someone has to merch them and run them.
I like her attitude/personality. I’m with everyone else that she needs to set boundaries with the family.
How much you wanna bet when she wants to put her finances first her family will go some flavor of "I see so we cloth you, feed you, house you, send you to school, sacrifice everything to bring you to this country, and now that we're old you rich girl is too good for us now 🙄". What she should say is "Yup that's right LOL 💅". Don't ever let them see you cry and don't give them a cent unless they ask you without guilt tripping". This a favor.
She's a bright young woman with wonderfully bubbly personality. I'm looking forward to another episode with her to see how she's doing. ❤
Don’t you just love family that ruins your life in the name of love ❤️ 🤣 Her sister ruined her own life with her baby now she’s trying to ruin her sisters
Dude I’m binge watching all your vids. I can see all the time and energy you’re putting into your channel and it’s paying off 👍🏼
You’re cute
I love that Target shirt! And I totally think she'll cut back on spending to become a multi-millionaire in the future! I think with Emily's story, we can see that no one really needs to be an expert on personal finances - with a little bit of education, budgeting/saving, monitoring and support we can become financially well-off.
"Very emotionally draining job"
*decorates Christmas stuff*
Lmaoooo
Congrats, your channel is growing really fast.
Could not do it without you :)
She's in really good shape, she just needs to set healthy boundaries with family is all...all us immigrant kids have to learn to do that one way or another
The higher income in July was likely due to the fact that she got paid 3 times in July if she normally gets paid bi-weekly on Fridays. July and December are three payday months this year (1st, 15th and 29th)
To this girl. Do not enable your sister by giving her money. Do not allow your mother to dictate what you do with your money. If they want to live like they do, you need to let them. You cannot save them. Make your own life great.
she seems alot smarter than she gives herself credit for tbh
For sure!
Caleb should have asked her out on a date ❤😂😂 i sense the low key vibe
I'm terrified for her savings. As someone who's parent stole money and spent it all- I'm afraid her mother isn't actually saving the money- or will pull it and spend it on the sister the minute she hits a hardship
Oh wow :(( I’m so sorry
This same thing happened to me. 12k gone at 15 years old after a year and a half of babysitting 3 times a week
Especially after the issues with her sister. She needs to decouple her finances.
I have lent 10k to my mom and my sister has done the same or more but it all depends on your family members
Yeah this makes me very scared too especially since her family has financially manipulated her in the past. It can be hard to break that toxic cultural history but worth it for her own security. Can't help others until you help yourself.
she seems so sweet. and for 21 she's very responsible. you go girl!
Did you watched the video? To say she’s responsible
She said her mom won’t take no for a answer. Sounds like her mom is taking advantage of her.
I wish more guests were like her, her weakness is her family, but i believe she will make it to a million
This is super interesting because I think something a lot of “financial gurus” don’t mention is family dynamics and how that can impact your financial goals, whether that is consensual or non-consensual.
Love their chemistry
She had a "good" month where she got 3, biweekly paychecks.
Right!
That only happens 2 times a year, hence, 26 pay periods…
Shout out to her for being brave enough to get help.
She should cut back on the spending. Definitely needs a budget! 😅
And really needs to work on boundaries with her family.
Yeah!!
@@CalebHammer keep up the great work!!
I am a fellow financial nerd my self and I love what you are doing with this channel. So many people need to see videos like these!
She is absolutely right on the credit cards. The best score comes from having all cards at zero expect one. The one card should be between 1% and 10% utilization.
It it my imagination, or did these two have some chemistry? 🤭 Would make a good couple.
I have to agree tbh 😂😌
She has so many obstacles and is still doing as good as she is. I can tell she is going to do really good after this!!
Maybe more of a long term project for you, but it would be interesting to see updates from the people you interviewed 3 or so months from now. Which ones took your advice? Did the "I might die tomorrow" guy become homeless? etc.
Yay Emili!!!! You're amazing! Keep up the good work!!
Yeah!!!
Caleb: Target, Target, Target....
Emily: *attempts to interrupt*
Caleb: oh I'm not done, bc we're gonna go to Target!
I loved that so much lol
🤣🤣🤣
Historic moment
Leaving a balance on your card is complete unnecessary. It's a myth. You just have to make sure you use your card enough to not get cancelled. A zero percent utilization rate is fine
Who gives their mom money to save for them... get your own savings account. Put it in a different bank if you don't want easy access to it. I find that so strange, I'm sure her family is trustworthy but it makes me uneasy.
“Why didn’t you go to college?”
“I’m not the smartest…”
Instantly smarter than half the people who go to college including me lol.
She really needs to check on her savings… Definitely seems like her money may be going towards the car 😕
YES!
I can't stop watching your videos keep it up
Thank you so much
I find it insane that this young 21 year old girl is doing way better then your other people in your other videos with college degrees, and are drowning in student loan debt. Why not just work your way up in a company, and have them pay for your school target will pay for your college.
true!
My issue with these statements is that people that have student loan debt have already done the damage. Why must y’all keep harping on them with should’ve, could’ve, would’ve? Just speak about solutions to do NOW instead of chastising about the past that we have no control over..
@@13ikea maybe the comment is aimed at people who haven't gone into student debt yet?
the other people that have student loan debt aren't solely drowning in that debt. they also just make a lot more poor decisions, a lot more credit card debt, payday loans, expensive car loans, and lifestyle creep... etc tons of people do perfectly fine with student debt as long as they get good jobs and make good financial decisions. there are tons of jobs that are important that can't be done without college degrees.
Student loans ugh. Seriously people need to pick a college TJ at close and cheap. Forget about going out of state. Very few majors really need to be completed at the ‘best’ college. Even med school. When was the last time you asked your doctor where they graduated from and based your deduction on that. There are cheaper med schools but just less prestigious. People can do community college first then finish up at a 4 yr college to save. I saw so many people wasting their student loan money when I was in school. I pick a ‘cheap’ school and worked to avoid student loans. But people now are all about the ‘college experience’ which in the long run is over rated if you are saddled with debt afterwards.
Wait, how is the sister is paying down the car so aggressively if she doesn't have a job yet?? That's kinda concerning...
Big time suspect!
yeah... the math ain't mathin'... the sister is aggressively paying off the car loan but needs to borrow month to pay her credit card?
I wouldn't be surprised if that $600 a month she gave her mother to "save" for her is going toward that daggum car loan. 😱 So concerning!
I really hope this leads her to moving out and locking down her credit with the credit bureaus so this can't happen again. I do live in a heavily populated area with immigrant families. I have seen some really unfair stuff. Babies get a ss# before the age of one. It is brand new credit, so the parents take it full use of it but drive it into the ground. When the baby turns 18, they have destroyed credit on their 18th birthday. They also have to pay off or sue mom and dad to help pay it off. There is an attitude of entitlement and obligation in the name of family. They took full advantage of the
child. It is also financial abuse when the new adult CANT move out. They are being held captive financially.
On one hand, I think this should be illegal since the child is left holding everything and their parents can get away with it but on the other hand, parents can use this to build a good credit score for their child. That's what my Mom did. She put me on one of her cards and made sure to pay it on time. So on paper, I had 30 years of good credit when I turned 18.
She’s doing great to have her whole family in her pocket.
I hate that NOBODY ever puts WEED in their budget. I know that's taking up a portion of people's budget and NOBODY speaks on it.
..."unexplained cash withdrawals/digital transfers"...oh yeah...
I love her energy she is a sweetie, but I am afraid her sister just got bought a cas with her savings. And thats so sad to see.
Hi I would also suggest that Emili put a freeze on her account so she doesn’t get any surprise accounts then asked to do it later.
I really like your videos, I have large federal loans and its kind of helpful to see other people going through these financial run throughs as it helps me see the positives of my situation and things I can work on still.
Oh wow, yeah, perspective is good!
She calls her self not smart. However she seems quite capeable. Wish she wouldn’t doubt herself so much.
How is the sister paying off $17k car loan off in one year?
She is seeking advice and help when she is still doing well with jobs and savings, that is awesome for her. Some people only seek help when they are at bottom of a very deep hole with very few options and with habits that are digging deeper every day.
I'd say spending 25% of your income on restaurant food is a bad habit
@@BucsRaysBolts yes but she is not at rock bottom, still at a stage where she has many options and time to change and room to move. people at rock bottom would have debt collectors knocking on the door, they get stressed so they relieve that stress by buying more expensive restaurant food.
@Delores B Don't care, wasn't my point
I’m not going to lie. I have a strong feeling seeing that the mom took out a car note for the sister. That the money this girl is giving her mom every month for savings is paying the sisters car off early. (So that she can pay her instead of the bank)
Hope I’m wrong.
I would bet a steak dinner the mom is currently giving the “savings” money to the sister to pay off the car loan faster. Also why would the sister need $600 to pay a credit card? She’s over paying on the car note to get rid of it but can’t pay the other bills. Somethings with the rest of the family just don’t add up here. Edit** I bet she already has retirement. Most companies auto enroll you at 3%.
Try and shift the video so you are both on the left and add a spread sheet on the right. Adding income and costs as you go over them and recap at the end so we can all visually see what is happening.
...great suggestion...I would imagine many of the people interested in these videos are visual learners and/or very stimulated by data...
Oh and on the topic of either increasing income or spending less. The best is to do BOTH if you can. Because obviously sometimes you can only cut so much or increase your income so much. But doing both can really accelerate your savings.
6:25 Had something similar happen when I was a teenager, I was saving up for a new car and had $2k, my mother knew I had it and told me to give it to her. She used it to buy a car for my little brother. Never saw the money again.
NOOOO!😡
Happens all the time.
I do see her point, on helping her mom out , I think the best thing is to educate our family on the topic of money.
The secret to wealth is that there is no secret. Maybe you should recommend some personal finance books to these people. Sometimes hearing in a different view is better? (And no it doesn't have to be Dave Ramsay but more like the richest man in Babylon. It is one of my favorites.)
The editing of your reaction to her buying headphone 😂😂😂 can you make a basic video explaining investing. I WANT to do that stuff BUT it's overwhelming when you have to pick options. My 401k is just going to some random fund bc it was too overwhelming to pick something
Just pick a low fee index fund that covers pretty much entire market.
Depending on your age, it's ok to go with some of the pre-made selections. They simplify it from being aggressive vs conservative. The general idea is the younger you are, the more aggressive you should be. My 401K went from $4K, to $80K the past 5 years because I set it to aggressive.
@@soapa4279 woahh I'm 27 and have been contributing the match since I started working at 21. How do I know which is the aggressive option?? What is some verbiage I should be looking for??
@@mrlynn713 Oh I'm sorry I should be more specific. Obviously this will depend on your company and which investment firm they are using, but mine is Fidelity and they are pretty easy to use. I can login there and check my accounts and can see they put me at "Your asset allocation is Aggressive Growth strategy" because that's what I told my company to use.
I would talk to your payroll or benefits department and ask them about allocation strategies and which one you want to go with. Without going in too deep, aggressive strategies tend to steer towards stock, while conservative tends to be bonds, and there is also "blended" which is sorta in the middle. The reason mine actually shot up so dramatically because there was a huge surge in the stock market in 2020/2021.
And the other thing about being aggressive, is the best general advice is to put your company match. But if you can put more, the better because of the compound interest, so it will grow faster. So if they match you 3%, nothing says you can't put 4, or 5, or 6, (I think up to 15%) whatever you can do.
Hopefully this helps just a bit
@@soapa4279 ahh okay, I have to take a look at mine to see if they break it down that way. I HOPE to work up the ladder a little in the next year or so and then I'll be able to contribute more than the match amount. I'm going from a two income household to a one income one - im in the north east 🥲 soooo I can't contribute more rn but I hope to soon!!
this is so off topic but i love the gems under her eyes
She’s way too trusting. Why is she giving money to her mother to save for her? If her mother is making her fund her sisters lifestyle I bet her mother is spending it. 😔 She literally said she makes more money than her sister and her mother. She needs to check the balance on her account.
For sure :(
I wish you could choose your ads on YT. I come to videos to save money and get motivated and then shopping ads come on. Lmao
If she gets laid off, its lights out ..spending more than you make is dangerous...
The credit card her sister opened is a red flag, but for a 21 year old she's doing great! It's nice to see one that isn't a total trainwreck every once in awhile.
Getting a loan on behalf of a family member is the dumbest thing you can do, especially when describe them as not in the best financial situation. And you loaned them money to pay their credit card. Just wait to be surprised they stopped making their car payment. Transfer asap!!!
Caleb doing pilates video coming soon!
hahah
I’m suspicious about her saving’s money possibly being used to pay off the sisters car… who knows what her mom could actually be doing with the money, I could be wrong but it definitely gave me red flags
That would be soooooo dirty.
I also have an immigrant family and my mom is just like this, it takes a lot of courage to start disconnecting from them without feeling that you are abandoning them.
I am a child of an immigrant and single mother, she never expected us to pay for any of her expenses, she always felt that as a parent that was her responsibility to her children until we were grown and moved out on our own. Her household her responsibility.
Right I keep seeing comments saying it normal for an immigrant family to do this never I’m my life have my parents taught me to owe them something
The more you work the less time you have to spend money
She is really cute I like her. And she’s not doing too bad. Just trusts her family a little too much….:)
Lot's of trust!
I took out a 10k loan for someone in my family and it was going to be 20k but my credit wasn't good. I was told it was for credit cards and I'll get paid back. But I notice if my credit score is good or I get paid more or if I pay off one of my credit cards I learned to not talk too much about it depending on the family member.
I cant even get my own brother to pay me back 90 dollars and its been months. Sadly i fear that she is paying off her sisters car
Please have her check that the money she gives her mom is actually in the account and not just helping her sister pay off the car early(paying early on the car history but needs to borrow $600 on a credit card payment?).
She can take that money and put it in a savings account herself, automated deposit each check and never has to do it herself.
Having her mom/sister with that control of her money and credit is fine... until it isn't. There is no easy recourse for her if there is a falling out or family decides they need the money for something.
Just don't loan money to family, even with a contract.
100%
she seems so sweet. glad you helped her out
The good thing about your RUclips channel is I don’t even have to watch the video you can just listen. I think you would Benefit from having a podcast
Thank you :)
Other people making this kind of content go in that direction but imo this channel's differentiator is about being able to see people's emotion / mental state.
She’s lovely but her family sounds terrible. Maybe because I would literally rather pull all my own teeth out, than ask my family for money but would happily give them some cash (as a gift) if they asked.
Im sorry but Her family is toxic and Im worried. They have very bad financial habits and life decisions and are taking advantage of her. It’s sad.
Yeah :(
If she can be independent of her family she has a great future.
Caleb with the nonstop content
It would be nice to see update videos with these people in a year or so.
Family can be disgusting. And I speak from experience. She needs to protect herself ASAP!
Im sorry you had a bad family experience :(
Don't ever co-sign a loan with anyone else. They are using her "savings" money to pay off this car. I guess that is good thing they are at least paying the loan off she has signed on to. She needs to be 100% in control of her own money. That being said, she isn't in terrible financial shape at her age and seems to understand the steps she should be taking. It's a real shame her family is taking advantage of her that needs to stop immediately.
Either way she’s paying for it that car is definitely hers not her sisters
I feel like this is very common culturally. Parents expecting their kids to support them/the rest of the family.
For sure :(
And this is what keeps each generation poor. When the struggling parents cyphon funds from the stable children, it causes the stable to struggle as well. It's generational 'misbehavior' - just another form of the abused becoming the abuser. 🤦
@@michellegilliland2767 yes and unfortunately older generations can be stuck in their ways and in fear of disobeying, the younger generations go along with it. I hope that changes with future generations breaking the cycle.
...ancestor worship...one of the birthplaces of the gods...
Iv watched all of your videos. Please don’t stop making them!
Jeez, family can be evil. My uncle financially ruined my grandparents. People like that have no regard for their own blood, disgusting
That's so sad :( I'm sorry :(
This girl should move far away from her family! Financial abuse