She’s Never Going To Get Out Of This Debt | Financial Audit
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- เผยแพร่เมื่อ 4 ต.ค. 2024
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Holzkern is awesome, just make sure it fits in the 50/30/20! It made a great gift for my friend :) see what they have to offer, and use code HAMMER15 to get 15% off until August 20th: www.holzkern.com/calebhammer
@CalebHammer
Your friends are wrong. I bet they love whataburger, which is MEH to me.
I love that even in your sponsorship spots you reiterate: this is a want, don't be in disgusting debt and have a emergency fund.
I got to respect that
@@phoenix2529o❤ yes 👏 and and I yugppg😂😂gpp😂h😂t😂h😂p😂
@@chesterfeild7, or NordVPN lmao. Two sponsored slots, YT Premium $ and now merchandise. It's gross.
It looks cheap. Anyways what is the 50/30/20 rule exactly?
So glad that I am part of a generation that has access to this kind of content before I even get the chance to screw myself over ~ Sincerely, A Teenager
Already ahead of the game 10/10 jump start
Seriously, take advantage!
I'm glad you do too. Let Caleb save you years!!!!!!!!!!!
Wish I had this knowledge… now I’m 20k in debt from a bio degree 🥴 currently going back to school and not planning on taking any more loans but ugh why did I get such a useless degree
Dear teenager,
This stuff has been around before internet. It's COMMON SENSE. 😅
Going back to a nine month old video is so pleasant. No jerky thumbnail and title. A normal guest that is relatable and not some characture. This is what made me join this channel.
You would enjoy Ramit Sethi videos
Eh. I like the drama
yes exactly
@@johnparker4484people like you are the reason this place has turned into a joke.
@@tenxenu7730 "this place"?
She is such a sweet lady. Seriously this was heart warming. She got into a crappy situation because for decades all people did was push degree's on people, and charge too much. Really its sad, but she has a way out, and she wasnt combative, this was awesome.
Agreed, I hope she's doing better now
She didn’t have to get the degrees. Grow up.
@@JOHN-um2 Who said she had to? I said she and many people are PUSHED to, which is absolutely true.
She’s the most reasonable guests. I think it’s hard to realize that she needs more income.
I am the same age as her, in my mid 20’s I had almost as much debt as her… buckled down and paid it all off in 2.5 years. Didn’t eat out on my own dime, didn’t buy a single thing I didn’t 100% need. My family would bless me with gift cards and such for my birthdays and that’s how I bought some clothes and beauty products. Now I just entered my 30’s debt free and ramping up my retirement + savings. Just wanted to share it is possible! There is life outside of this! Stay positive, humble & consistent.
Not gonna lie that’s incredible. Kudos to you
Exactly what you are supposed to do. Pound out the debt, live below your means, and stash money away where it can pay out dividents or interest..
👏🏼👏🏼
I like how you phrase it "eat out on my own dime", sounds like you were hustling them foodie calls.
Good job
You're the only TH-camr I've seen who makes it clear that buying a $300+ dollar watch is a _want._ Looking out for your audience, Caleb!
Always!
No it actually tracks my footsteps and automatically goes into fitness mode, its a need
@certifiedcommenter1966 I know this is a joke, but people could use your comment as an excuse to go into debt
@@certifiedcommenter. my phone tracks my footsteps and pretty much anything else I could think of. No need for some expensive watch.
Well he kind of has to because this sponsorship is purely for material reasons and his entire channel is against buying that unless you have a good financial situation. So, people would have called him out if he didn’t include that. It was a good choice to do so.
I have a note taped to my credit card that’s says “why possibly?!” And it’s helped immensely 😂 thank you Caleb!
We need "Why Possibly" merch.
I took my cc’s out of my wallet at this point. They are buried under cc statements in my desk drawer, that way I have to see bills before I even consider touching it 😂
Cash is king!
@@pixygypsyOoooh that's a great idea!
Omg that's hilarious and so smart !
Epic
Seeing some frustration with her not committing to a second job but remember she is so much more honest than the guests who say yes when they clearly won't make a change
Me too. I don't have the energy to have a second job. I'm tired after the first. 😢
I think she's committed to change, but needed time to process the idea. Hope she asks for a raise and picks a few good shifts here and there.
@@teeteeme5752 i have fibromyalgia, i cant work more than 1 job, its a miracle i work 40 hours a week as is
I took a second job, but was able to find one that was just twice a week and I really loved it, and it took some of the sting out of having to have 2 jobs
Girl, if you're reading this, my mom has the same degree and she started a creative writing workshop and over like 10 years grew it into several classes she teaches. It's not livable money but it's extra that you are so qualified to teach! And of course you can base that around your two jobs!
Especially since ppl want to write books and plays..folks don't know how to get the thoughts to paper...
Great 😊
So 2 jobs and a side hustle that isn't enough to live off. Wow I work 1 job for 220k and then go lie on the couch at 5:15pm
@@203bigdyou say that but all you do is slander the guests on this show. Scum
@@203bigd Did you say that specifically to make others feel bad about themselves or just because you like to hear good things about yourself?
I’m rooting for this woman she seems great ❤
Just letting you know, a follow up is out on the follow up channel!
@@Adam-oy6nc thank you so much for letting me know! I’m definitely watching that later!!
She is definitely hypnotized by the "We're a family" at her workplace. It does suck leaving when you like your workplace and what you do, but making enough money to survive is more important.
@@dark_winter8238 Ya that's the actually issue. She's in a field that simply doesn't pay that well. If you want to make money, you need to possess a skill people actually need and few people have.
She could go into technical writing with her degrees. There’s a company in her state that would pay very well for that.
She needs to get fired once to get that wake up call.
👏🏻👏🏻👏🏻
What you will learn about the “we’re family” companies is that it is absolutely true…right up until they have a couple of bad quarters, then you are handed a final paycheck, some severance and you have to come up with COBRA health coverage. I have worked and been laid off by more of these companies than I care to count. Your loyalty should always be to your loved ones and you. If I sound jaded, it is because I have been in the work world for 35 years (this includes working for an actual family as a PA - they laid me off on Valentines while they were on a wine tasting vacation).You could volunteer some time with this company and find a higher paying main job. Do not waste time on company loyalty. If they valued you truly, they would be paying more for something with a Masters.
To all the kids out there - Take care of your gen ed classes at community college, finish the bachelor's at an in state school. Work while you go to school. Cash flow it. In nearly 20 years in my career the number of people who have asked me where I went to college is exactly zero. I know there are exceptions. But hardly any employer cares. Don't go into debt for a college experience. It's not worth it. You will regret it.
I agree. Go to community college first to get generals out of the way, then transfer to state university.
Regardless of where you go, work hard in high school and apply to as many scholarships as you're able. There are lots out there for obscure reasons!
I did the same!!! Community college all the way
My son went to trade school (UNOH in Lima, Ohio) for electronics/robotics. 18 month course, 4 days a week. He will make $80k this year. He is 26, never a penny in student debt.
I REALLY wish someone would’ve pushed me to do this path. I was told by both my parents and by guidance counselors that I would be wasting my time at community college. This would’ve saved me $20k in debt
Hey Caleb, suggestion; maybe show them how long it will take to pay off their debt without a second job (to compare).
You told her, with a second job bringing an extra 1k a month, it will take 6 years to get out of debt. She then was relieved and felt less pressure to get the job because it seemed not that bad. You could have shown her that with her current 300$ a month only, it would take her 27 YEARS!!! to pay it off.
The 6 years is "not that bad" because effort is put in now.
Agree. First give the “status quo” estimate. Then the “go crazy” with selling stuff, getting a second job, etc.
Agree. He needs to tell them the “all-in” timeline, then smack them with the reality of their current income timeline to really nail it in.
yeah i really really like this idea, i hope caleb sees this and starts to implement it going forwards. especially as a viewer it also will keep you on the path knowing just how dire things can really get.
Also, lay down the line how hard it will be for her to do things she might want. Like owning a home is not in the question, and having kids would be a financially disastrous situation. And I was surprised Caleb didn’t mention physical health with her, but that’s something she should focus on as well.
Didn't he do that when he said it's going to take 17 more years making minimum payments, and will include 5-figures in interest?
Caleb I’m actually in a good financial position with my wife (and no kids) but even then these videos have given me a push, I redid my budget (which I hadn’t done for 5 years) and realised how much we spend on BS. So this isn’t just for people who are in debt!
Same! I have no debt but this channel inspired me to revise my hudget and now I'm saving more and preparing to invest 🙌
Agree!
I have felt seen one than more time 😂 I’m all for frugal living, but still. Lifestyle creep is real, folks
Colleges/students should be mandated a free finance class explaining student loans, interest rates, and ROI before being able to go into student debt
They do, but it's not in person, and the 'course' takes about 20min to complete
Before you can even accept FASFA they have you do this….. people blow through it and get the surprise pikachu face.
Agree but the problem is most 18-22 even 25, don’t have a good concept of money. Like I had no clue. If I had to sit through a class about this I would have just been like yea yea I’ll make enough money to pay it off and not even listen. The real issue is we shouldn’t be allowed to borrow this much money at that age/college shouldn’t cost so much.
@@jennykurtz5918 Added to that, you are usually taking the master promissory note quiz within the last 6 months of high school. So, you have kids in the middle of stress, end of year tests, etc who are asked to understand abstract concepts and are told repeatedly (at least for federal) that the loans are on pause while they are at school. When my fiancee did her MPN quiz over a decade ago, she logged in once for the quiz and then never saw her balance until the start of her senior year...its ridiculous
Should be a required course in high school instead of econ/government
She should tutor kids after school as a second job. Even homeschool families would pay for this.
She could make bank turning that into a side business
That’s actually a fantastic idea, private tutors make a decent hourly rate and hitting 20 hours per week on that would put her in such a good position
I'm a homeschool family and I would totally pay for that! It's so hard to find supplementary teachers for things!
@@AceRanger20 I tutor, I am a qualified teacher but getting 20hrs a week might be tough. There’s only so many hours around school and kids have other time commitments Looking at doing group sessions or Saturday school could work. She’d earn more and it would be less per student. Or she could maybe start a TH-cam channel, do resources to sell on line through something like, I think it’s called Teachers Pay Teachers? We have similar platforms in the UK and you can make a decent passive income from people paying to download if your resources are good.
Uber yeesh, so glad I graduated with minimal debt. It is possible, and makes allot less stress later.
I started watching this dude’s videos about two months ago. In that time I have paid off over $2000 worth of debt. My credit score has gone up over 70 points. I have an actual savings account now and I’ve opened up a Roth IRA as well as a 401(k). This dude has seriously changed my life. My only piece of advice is to not wait until your late 20s like I did to get an actual grip on your finances. Thanks for everything you’re doing Caleb.
@@droiddevx03rude much
@@droiddevx03 He is giving good advice. Just cause he’s horrible with finances, his story might help someone. That’s how I learned in my early 20s
@@droiddevx03 uhh,, ppls opinions on the video r helpful for not only the younger viewers but caleb as hes mentioned multiple times that he appreciates and loves hearing ppls stories in the comments cus not everyone can be on the show lmao
@@droiddevx03Bet you're fun at parties😬
@@droiddevx03troll 🥱
She should really consider private tutoring. We pay our childs reading tutor $40/hr two days a week. Cash. That is the going rate here in the DMV.. The demand for tutors exceeds supply, especially since COVID. It took us months to find one with availability. Even if its $20/hr in Wisconsin, she could really rake it in. Plus its after hours and weekends. Total win-win!
She needs to make more money period. Her time just became that much more valuable to her. Hope she finds a better niche. ❤
Virtual tutoring on the coasts and easily can make $75 a hour.
She could even tutor virtually!
We pay our tutor $80 for 45 minutes. He goes 2x a week as well. She could definitely add to her income this way.
He is beating her up with this 60 hour work week. But he is figuring an extra 20 hours at min wage. Hello! She could make $40 an hour. She would only need to work 5 hours a week at that. And, it would probably be fun for her! She's gonna do great! She could start a service matching tutors to students or teach people how to be tutors and make $40 an hour .... She can make good money with that degree. Be nice, Caleb!
This woman is so sweet and hardworking. I feel like she’s your best guest ever.
If I was in her shoes, I would be moving back in with mom and dad for a couple more years AND working on the side to attack that ridiculous debt asap. Her debt is going to prevent her from actually living and enjoying the best years of her life.
She hopes her college debt will be forgiven tho
I’m kind of worried about her but she’s the exact kind of people that non profits take advantage of to under pay. Just because you love something doesn’t mean it’s worth your financial and future health.
for sure! volunteer in your spare time or donate money.
Yikes yea that's true. The idealists get totally taken advantage of
@@dark_winter8238she literally had a masters
On point
@@dark_winter823852 k sounds like about right for education.
150K in student loans for a job that pays 52K. Yikes.
The big oof.
@@bernadetten.8751 When people rattle off these insane student loans most of the time it is from "living expenses". This is my issue with loan repayment. I did borrow, but only tuition and books and worked full time while getting my BSN. Continued to work non stop until they were paid off. She owes 150 grand. She needs to work non stop.
Yep. 150k is that private school BS and most people pull loans for living expenses too.
Agree, that’s insane.
That school owns her. sad
The fact that this channel is casually helping hundreds of thousands of people is absolutely outstanding. God bless these videos.
Honestly, God bless Caleb.
Rooting for this girl! It is so rare to find somebody who loves their job and finds it to be their purpose. I hope she is able to stay in her position and find something that works for her. Maybe a roommate or flipping furniture on Facebook marketplace. If not those; I'm sure she will find something to make it work. She is creative, smart, and caring. There are lots of good options for her and I'm so excited she is on a positive path!
She doesn’t actually find it to be her purpose though it’s just a cop-out mentally because she’s resigned herself to never achieving anything
Just letting you know, a follow up is out on the follow up channel!
She's just so emotionally soft and squishy. I feel like she is already resigned to living in debt for the rest of her life to keep the job she loves.
It's not an easy situation at all.
Universities sell art degrees so well, it's insane.
squishy???😟
I bought an art degree, Studio Fine Arts with a minor in PA German, but I didn't do it for the degree itself and didn't go into debt for it -- I just paid cash out of my panhandling and labor money, and was homeless for the whole period, if I didn't make enough I didn't go full time, so it took a bit. I took like 3 classes one semester, then one the next, etc. Took a while but I really enjoyed it. I didn't take advantage of programs because getting involved in gov money freaked me out back then. I feel degree costs should scale with the median income of the graduates of that degree... but that'll never happen, so. Like obviously library sciences make less than anything in STEM and yet they have a similar cost? Make it make sense! Remove the requirement for gen eds and electives ffs. It's such a corrupt money pit.
She looks physically, soft and squishy, too
I really appreciate this guest. She's honest and she came prepared.. Keep it up Caleb! You’re awesome!.
This is a great point. The recent ones have been more “Maury/Jerry Springer” but this one is good.
I wish Caleb would do a follow up at least once a week. Like Follow-Up-Fridays or Where-Are-They-Wednesdays or something.
Trying!
@@CalebHammer Trying?! Why are we trying and not doing?! 60 hours minimum. MINIMUM!
I imagine based on some comments he’s made and the follow ups we’ve actually had that most people are not doing better and aren’t willing to come for a follow up just to get berated again. Hopefully we’ll start getting some follow ups that actually have made progress 😢
lolz@@LNikon
bingo@@Pandefly
Sorta refreshing to see a “normal” guest that is actually not in a life crippling utterly hopeless situation.
Right I couldn’t take any more of the borderline homeless people.
This is crippling debt, she is underwater on the minimum survival budget… her student loans put her well over budget
@@Seraphilmsthey said they're just an average person NOT in a "life crippling helpless situation".
The past few guests have been tough watches, I agree that this guest is refreshing in comparison.
@@Seraphilms Going to assume you haven't seen some of the previous guests on this show lol. And no she's not in crippling debt, she can climb out of it. She has no car debt, makes an ok income, lives in a relatively low expense town. Her credit card debt is 0% interest for 20 months, she can pay a set amount until that's gone.
It's only the student loan debt that is going to hold her back, but there's light at the end of the tunnel if she just does some side hustle.
If you've seen some of the other guest on this show, they could probably literally work 90 hours a week and still won't get out.
but she is though. 1 emergency will throw her whole finances off balance and it will have tons of consequences.
I was offered a $50,000 scholarship from my top choice university, but even with that I would have been left with sooo much debt being out of state. Instead I moved to that state and went to community college, established residency after my first year, got my associates, and then was accepted and transferred into my dream university. I am in my senior year now and I have no student loans due to the many scholarships I got being a transfer student. I am also in the accelerated masters, where all of my senior classes are grad level classes. That means hopefully I will only need 1-1.5 more years to have a masters in engineering. I just wish people were smarter about college, chose better majors, and actually applied for scholarships. There is a way to beat the system!
I did the same - transfer and an accelerated Masters (MBA). I paid my way through school as I also had a full time job. I am a Program Manager. In the real world when someone holds a real title it should make you north of 150k.
Amazing self discipline!
Believe me I'm looking for those scholarships, it's hard to qualify for many of them
Nice job.
I hate starting new jobs. I'm an introvert and just uncomfortable trying to find my place in a job. I was working at a hospital (in Austin) that I enjoyed working at but I LOVED living in Austin. However, I decided I was not getting paid enough. Although reluctant I applied at a hospital in Houston (where I grew up and just not a fan of Houston)... I went from getting paid 50k as a nurse to 70k. I LOVED the hospital I worked at so so much more! The environment, the people, the benefits, everything! It was worth the change even though I was comfortable with my previous job. Risks are sometimes worth it!
And the opposite also happens! My daughter loved her job but was making $30,000 a year and moved across the country for a job paying $55,000 and she was miserable! The job was not what they advertised it to be and she was developed anxiety over trying to please the bosses, which she never could. Sometimes you stay in a job for the fact that you can keep moving up with raises. If it were so easy for this young lady above to just magically get a job paying $20,000 more a year, I'm sure she would but realistically with her degree, that's not likely to happen. I feel so bad for these young single girls - it's exhausting just taking care of your life all alone. I am truly blessed to have a helpmate to share chores, money, etc.
Best sponsorship spot I’ve seen in a long time! Making it clear that it is definitely a want and only getting it if you can afford it, rather than trying to sell as many as possible. That shows that you care about what you do and really want to help people.
wouldn't it be the most helpful to not have any want ads?
@@fe3cf if people have excess in their wants budget then why not show them a great product?
@@fe3cf He helps us all be financially educated and some people take his tips very seriously and put themselves in very comfortable positions making this want something very reachable. If you aren’t in that place yet and want this “want” then take more head to Caleb’s advice so when there’s wants that you want you can afford it
150k of mixed private and federal student loans for a writing degree??? Yikes.
American culture tells young people that to get ahead you need a degree. Plus, not everyone is interested in science or tech.
@@deirdrekiely6187 Yeah, apparently American culture has been lying to people.
@@deirdrekiely6187obviously not interested in finance either lmao
I also have a practically useless writing degree. As gullible as I was to waste that time, even I would never have done it if it wasn't free.
@@deirdrekiely6187you don’t have to get a science degree. Like writing and creativity? Marketing and many business fields would be just great to utilize that. Wisconsin has one of the largest and cheapest state school systems in the country and also provides free community college.
Every time we are going to make a dumb purchase me and my partner do the Caleb squeaky voice to each other to stop ourselves “UBER EATS WHEN YOU DONT HAVE A FULLY FUNDED EMERGENCY FUND”
🎉🎉🎉
Us too!😂😂😂😂
I always ask myself “why POSSIBLY would you buy a new pair of shorts when you have DEATH debt!?”
I always hear “taquitos, taquitos, taquitos!”
We talk about buying something, and so we go, "TACO BELL?! SO YOU REALLY NEED TACO BELL WHILE WE HAVE DEATH!"
Usually helps!
I just want to give her a hug 🥺
He's speaking very gently and respectfully to her. Hopefully she takes it in
I feel like one day Caleb will get enough hours of doing these videos that some University would be able to grant him a honorary degree of “Financial Therapist.”
Would be nice for him but unis are not that nice lol
I got a finance degree, they don’t teach any of this in college lol
He needs to collect some fundamentals in a video without someone as an example, like first step emergency fund of 10,000, good and bad interest rates, what percentages should be invested, and non-finacial advice on what percentages of a paycheck generally should be split into a budget, etc
@@mike7933 too busy teaching about useless social justice stuff.
Your channel is honestly a learning lesson on how to be financially responsible. Thank you Caleb 🙏
Believe me, a 30 year old cannot possibly know how they will feel about retirement when they are 60.
She already has arthritis!
Private education loan? Just file chapter 7 ffs
@tashaedwards yep, once she said that I was like how do you plan to work till your 70 if you are having issues already.
Yup
@@E_Legal_Alien You can't discharge student debt through bankruptcy.
I am a year older than her and graduated from a private college with a BA in English, and I work for a literacy based non-profit. This one was kind of eerie, a glimpse of what my life could have been like if my parents had let me take out student loans or if I hadn't met my husband so young and we built our lives from the ground up together.
Girl, if you're reading the comments, I'm rooting for you. Go get that part time job at Barnes & Noble, but keep a tight rein on yourself, because I'd probably be dangerous with their employee discount. You've got this!
She needs to lose weight and find a man l o l
Women need to stop getting degrees with bad ROIs
BA in English not saying You've got this tsk tsk tsk
@@Scardor Okay, Mother. lmao
@@ScardorNothing wrong with it? In reality most workplaces don’t look at what subject you got your degree in. Many don’t even care if you have a degree. Most of the jobsearching process is down to your attitude and how much you know outside your field.
I feel bad for this lady. I’ve seen lots of people go down this road of taking debt for degrees that don’t pay. I really wish her parents had been there for her. I’d personally do my best to talk my child out of this.
Hugs to Sarah. Dealing with finances when you’ve had physical and mental health issues can be extra hard.
I regularly thank my parents for being so transparent about income, expenses, and debt when I was growing up. They are boomers who’s parents were as hush hush about money as they were about s*x. I will be equally as transparent with my daughter. It prepped me for adulthood success.
When you're struggling with money, sharing that with your children is just cruel. Teaching your kids about finances is one thing, but burdening them with the knowledge that money is tight just adds stress because there's nothing they can do about it. Boomers were hush hush about money and sex because those are things that children don't need to know about.
@@Jane-yg3vz yes educating and burdening are two different things.
@@Jane-yg3vz educating and burdening go hand in hand when it comes to finances, there’s honestly no way around it. Privileged individuals grow up with money never being an object, and struggle if things take a turn because money was meaningless to them. You don’t have to slam kids with all the negativity and numbers to let them in on the finances to teach them. There are plenty of ways that it can be taught, but they lose part of their childhood innocence when they start to understand how money works. This can be seen by many as a burden, and why it is often avoided when kids are growing up
Growing up I was expected to do what I was told around the house, and never got an allowance. But if I was wanting something like a new toy or game and it wasn’t my birthday or Christmas, I was able to pick up extra work around the house and was given a price breakdown of how much each hour was worth and it varied depending on what I was doing at the time. This is how I learned about how money worked. Flash forward to when I was 10 and my family became broke, I was unfortunately burdened with a lot of our situation without knowing the exact figures. But I was told how many days without food we would go if we wanted something, helping to choose between cutting internet or cable so we could afford groceries, understanding why my mother told us she wasn’t hungry while we ate, etc. were some of the things I went through.
The first part was a good education that money came from working hard, but the second part drove home how important finances are and how to live on extreme budgets. Although I wouldn’t want anyone to go through that, the lessons were invaluable.
Yup totally agree . I’m about to have my first kid and I’ve thought abt it a lot and I think teaching her personal finance is the best lesson I can do for her
@@droiddevx03I have some stale cookies 🍪 you can eat those
Finally finished the episode. I REALLY relate to the guest today. I worked in retail for years, working my way to Store Manager, and they were all--in retrospect--abusive work environments that took everything out of me. I eventually found my way to the company I work for now and have been there 7 years. It is such an amazing and supportive place, but I also recognize my income is limited here. The thought of risking a different work culture for higher pay is terrifying and not worth it. That said, I am also months away from being debt free and can afford to stay where I am. I hope she can make it work!
Oh did you have what I had, watching it hurt so much you had to turn it off a few times? So sad this.
You can tell she’s so nervous. I graduated with a BS in physiology/chemistry in 2014 and it took me a year to find a full-time job working as security at a high school. I worked five part-time random jobs in the meantime (and kept most of them when finally full time) before I was able to find something related to what I wanted to do in healthcare. So I can relate.
What kind of job can someone with that degree get
@@globalphenomena6979Loads of jobs. Google it. Really the degree doesn’t matter it’s your attitude to jobsearching and training.
@@globalphenomena6979 with mine? It’s mostly associated with premed, dentistry, prepharm and other healthcare /continued education for masters programs. I entered the pharmacy. I minored chem because I liked it and by the time the degree is done the minor was only a couple more classes.
@@globalphenomena6979exactly lol
I can identify with her as well, I have a lot of debt especially from a 1st masters I barely use as well, acquired more debt for an accounting degree, at least my income is over the debt from the second degree...
I can be critical of Caleb, but I really applaud his focus on mental health. His compassion reads clearly in this area and it’s important.
Why critical of Caleb? These people have destroyed their lives and all anyone they know will do is tell them “great job, you do you”. Caleb cares enough to say something hard. Most of these people are still children. They never grew up
she is the perfect guest for the show. Making real progress already, not avoiding the situation, taking personal responsibility. She’s here for the optimal action plan! Go Sarah!
Overly committed to a mediocre job … I think she’s afraid to leave now that she finally has a “good job” 😢 so sad she thought she would die in debt.
I'm from the same area, better paying jobs within her degree are not available and she's already earning on the upper end for the area.
For her area of Wisconsin she’s actually paid very well and unlikely she could find anything better unless she moves back to Milwaukee or Madison - but then her living expenses would close to double for maybe a $10-20k/yr more at best.
Double is an exaggeration. I live in Madison and rent is $1300-1500 for a one bedroom. Far from double.
I’m in a similar same boat. I’ve been with my company for 7 years and there’s no room for me to grow or be promoted but with what I do, I make good money. I’ve been looking for a new job but other ones doing the same/similar thing pay at least $10k less a year. So I’m not sure which direction I can pivot to and make more money since I don’t have funds to go back to school or even get a certification
@@earthling998 many certifications are around $400, in IT, HR, ect. You need to budget and get a certification.
I wholeheartedly believe in her resilience and tenacity. We've all faced obstacles, but Sarah possesses a clarity and drive that many don't. With her outlook and willingness to take feedback, there's no doubt in my mind that she has what it takes to bounce back stronger. Go Sarah!
What are you talking about? She has an easy life, as are most Westerners; you need to travel out of the bubble to see real resilience and tenacity.
Yeah look at her body she has no resiliency. She needs to get in shape she is very unhealthy
This was very sweet of you to say but that was not the girl I saw. She has convinced herself she will live forever and will always be in debt and what Caleb told her gave her hope she will not die in debt. Now she is fine with her current life isn’t looking at what her future can really be. She could make all the money she needs teaching English online nights and weekends but she has to see that the grind is worth it. She is too content after what she thinks are horrible storms in her life have passed. But the truth is she is setting herself up for the next storm to hit with no safety line. I hope her time with Caleb and the comment section helps her see she could have a relief from her stressful life if she pushes herself and learns she will not break. That is resilience.
@@tdgdbs1 what are you on about? are you actually trying to compare things irrelevant to this conversation like people in other countries to this womans financial situation, LMFAO.
She’s not “facing obstacles,” she’s had a mostly smooth path and is dealing with debt that she chose, several times, to construct. She has basically exactly one large problem, and she built it.
Note to anyone who thinks like Sarah: getting a degree in English or creative writing is fine, just don’t pay for it. She will be indentured for most of her life.
Yeah, she’s making $52k a year at a non-profit and that’s probably as high as it’ll get, with a few raises in the pipeline. Unless she plays the political game and can curry favors as a director. This is how they sucker these people in
Community College, don't go to a private institution as someone without a college fund/ payment plan
Liberal arts degrees are belittled because they are not as directly monetized as other majors. It's a wonderful, valuable field of study. But that school and that lender exploited her. Terrible.
Thing is it’s a flexible degree. Really degrees don’t matter it’s your attitude when it comes to job-searching.
@@potato1084 i agree. if you're going to get a degree in something like this you have to be flexible, ambitious and creative but unfortunately i just don't think she has the personality that's necessary for getting the most out of a degree like this
Compared to the recent episodes, this guest is so refreshing. I hope you are doing well, Sarah!!
I really wish her the very best...she seems kind and like a hard worker. I freaking hate all these student loans. Sarah can do this!!! Go girl!
Let this be a lesson to give a LOT of thought to the degree path you decide on
exactly. Especially when you then go back and rack up even more debt for a master's program that doesn't really increase your earning potential.
Most people do. The degree doesn’t matter much when it’s your attitude and work experience/training that they prioritise. It’s a lesson to NOT go to a private university.
@@potato1084 it does matter, art history or insert whatever niche degree you want. If it pays shit and has limited openings then it’s probably not the best idea.
This was a hard watch. $150k in debt for a masters in creative writing. Someone needs to get to these high school kids and save them before making these terrible life altering decisions. She could be in debt for the rest of her life for a decision she made at 18-22 years old… it’s just gross.
Very gross
The problem is that the kind of people who majors in creative writing probably isn't very good at math.
It's a bit embarrassing for her that throughout her bachelors/masters she never considered what employable skills a creative writing degree would provide. Like wow that's some oversight!
A huge part of the problem are the high school teachers. They drill college into the heads of their students and make it seem like an absolute necessity, yet teachers themselves barely make anything. So you're effectively taking financial advice from someone who isn't successful financially. Not that smart.
Parents are supposed to guide you 🤷🏻♀️
I was worried about taking out 80k in student loans, but chose a lucrative field starting at 80k and am almost half way done with my debt.
Your major is so important!
Now this… this is a sensible post!
Extremely Important. If the degree does not fit, you must quit.
A starting pay is not bad at 80k. That is just the starting point and will balloon if in the right career field. @@agustino42491
@@agustino42491it is right out of school, now I make six figures
@@agustino42491 starting was the keyword
She needs small victories. She may not feel strong enough physically to work another 20 hours a week. She realizes that her degrees will not keep her from working a job she feels is beneath her. My heart goes out to her. She’s living on the edge. I hope she finds the personal strength to do what she needs to do.
Now THAT is a responsible Ad placement. Great way to welcome a sponsor while also keeping an eye out for your base, especially those who are not credit card peeps. You continue to just wow us again and again, Caleb. Great work!
Great episode, she came prepared, eager to learn and genuine. Wishing her success!
When I hear her noncommittal/nonchalant response at the end KNOWING that her parents are co-signed on her debt….my heart hurts for those parents.
The parent made the decision to co-sign unfortunately
never co-sign. Either give it or say 'no'
She seems so genuine and nice, I hope she gets back on track and fulfills her ambitions !
Ugh I am this woman basically- I took student loans because I was fleeing a bad situation and dealing with a sudden and traumatic loss of a parent at the same time. If I were in my right mind I would have never taken them out. This guest probably represents a lot of people like me- “I thought I was going to die in (student) debt.” This was my shaky mindset when I got them too. I’m trying to pull it together and figure out what to do. Thank you Caleb for giving some insights and goals. It’s good to see there’s ANY hope of a path to getting myself out of this idiotic situation.
At least you did a investment in your self, its just gross how this system works and i dont think the woman fighting for woman right had this mind for uss.
I’m very grateful I found your videos this past year, I’ve always been wary of credit cards and haven’t ever gotten into them and the only debt I have is 18k in student loans at 3% interest. Your videos and seeing what not to do has solidified my financial responsibility at 21 years old. Thank you Caleb.
This is truly crippling debt. Got anxiety just watching this.
She can have that dream job. But she’s gotta push herself for a short period of time to get back her control of her life. I hope she doesn’t miss the opportunity for that. Wishing the best for her
She seems like such a sweetheart. I hope for the best for her - after I got my BA I was accepted into a pretty prestigious MFA program but it would have me quitting my job and getting 30k in debt so I said nope!
This was a really great guest, thank you for coming on and sharing your situation! Came prepared, answered clearly, made common mistakes that others can relate to and learn from. Hoping the best for her!
I'm rooting for this woman!! ❤🙏🏻
This was the first one I watched where I did not try using the force to choke someone out via the internet 😊 ... sometimes we get comfy in a job just because they are nice but we sacrifice our futures 😢 I'm guilty of this.
I love how empathetic you are you’re so awesome
Getting that second job sucks. I’m applying now for a second job to pay off my car
I snagged a second job last May and although some days are long what helps is seeing the extra money come in and the savings increase/debt decrease. If possible make the second job something you enjoy. Makes it feel less like work.
@@TheAdamPhilipShowWork will always feel like work to me it's a business transaction
@@centipedekid9824 ....k
Love love love the graph addition to your vids, Caleb! The visual makes it so much easier to put everything together
She's a good person.. I wish the best for her
I really like her. One of the few guests who takes responsibility for her actions. Rooting for her to get out of debt!
This man spends hundreds of thousands of time just to help us. He helps those in need while also helping us. He always puts a smile on our faces and we should appreciate it. Hats off to Him! I love you dude. Crazy I've never payed attention to the MYSTICFLIP on the internet movement when I say ancestral your a gift to our people
Never underestimate services with local government: librarian, tutoring, office clerk on weekends, data entry
You’re going to make it Sarah, trust the plan and take it one day at a time. Pulling for you.
When she said she does use her degree because her boss comes to her for things…..no your boss is using you for your degree if you’re not getting paid more for those extra things if they aren’t part of your actual job.
She's in denial. And many women are "people pleasers" who don't know how to ask for what they deserve.
They gave her disability accommodations, though! You know, something all companies should do....
It's just terrible when you know people are scared to leave because many employers don't even hit the bare minimum.
To note: most care/cleaning jobs pay like crap. I do bioharazard cleaning, and I get paid roughly 2 dollars about minimum wage and the best 401k deal in my area (beyond having your doctorate or masters) at 3% match.
This message is to recognize your contribution to the team’s grant approval success. Your commitment had been exemplary and your hard working is an inspiration to everyone around you. You’re a professional MYSTICFLIP
Love this! You're like a younger Dave Ramsey but with fewer internal commercials, no evangelical christian messaging, and more in-depth analysis of people's situations.
Caleb leads with kindness and empathy rather than God. So much closer to my values.
She seems like a sweet young lady. I wish her the best!
sadly sweet doesn’t pay the bills
Mandatory love showing for mentioning trades, happy welder here!
Remember, everyone, student loan payments aren't going to be DUE until October, but interest starts accruing again at the end of August. Pay down what you can before then so you can beat them out of every penny you can. I did a big bulk payment this morning.
If she works harder she can start her 30’s debt free and enjoy the rest of her life having money in her pocket. She is honest and not a liar like the other guests
I dont think she realises how dire her situation is, its sooooo sad,
I have noticed a trend in some of the guest. A lot of them base their lives on the hope/belief that things will work out and get better. It is great to have hope, but without action and a plan, you are going to be hoping for a very long time.
I am Australian and I have noticed this about American culture. The insistence that hope is the answer above other things is a cultural trend.
Something I've thought about while watching a couple videos that I've done in the past: Working the front desk at workout studios is a really great side gig. Pay is phenomenal, you get free workout classes, and you can work super early morning/weekend shifts, so it gives you some time to work a normal job during the day!
Yes!!! The free gym membership!!
Not going to lie, but we are actually really proud to have an employee like you as part of the team. The job is done so gracefully and neatly. Very well done, dear MYSTICFLIP . First of all. Thank you for making the work environment so friendly and taking your responsibility seriously and completing the work gracefully! You deserve so much.
Here because the follow up episode just dropped and by the title, it seems promising!!
That abrupt cut to the taquitos merch ad had me rolling 😂🤣😂
I actually feel bad for this poor woman. She was honest and really has not been doing crazy things to live above her means. She is just drowning in student loans and wants to stay in a job she loves.
Sarah if you are reading this-use those degrees you paid so much for! Look into private tutoring, personal statement editing and application review for college students. Being in and around several universities there have to be students applying to UW, both undergrad and grad schools, that need your creative writing skills to help them take their personal stories and craft personal statements.
Just got home from work and I need to unwind. Thanks Caleb for constant uploads :)
She seems like such an intelligent and hard working person. First episode I ever watched where I wished I could help her.
This man spends hundreds of thousands of time just to help us. He helps those in need while also helping us. He always puts a smile on our faces and we should appreciate it. Hats off to Him! I love you dude. Crazy I've never payed attention to the Mysticflip on the internet movement when I say ancestral your a gift to our people
This is the day in age where she could easily hand out flyers at local schools or homeschool co ops, and teach tutoring sessions or even full group classes online (through zoom) and make buckets. Literally pick her own schedule, on the weekends even, and still pursue her dream job. You gotta have that get up and go attitude. Nothing is going to change if you don't change something. She's ALREADY qualified. She doesn't even need the hustle attitude of fake it till you make it. She's already made it. She's just gotta do MORE of it.
She could even look on Facebook for parents groups and advertise through that. A lot of parents/grandparents still use FB.
I think that year of having a fast food job and living at home scarred her, she needs confidence!
That's a great idea. I wonder if her employer has any "non compete" clauses?
Absolutely hope she reads this…homeschool co-ops. Outschool. There’s tons of stuff. Poor girl isn’t quite understanding some of this.
@@elizabethallen4353They absolutely do.
I do this kind of stuff with my friends and it’s a hobby of mine, I’m so happy I found this channel. I love just watching and geeking out.
The push to be debt free isn't easy but it is SO FREAKING WORTH IT.
My first job was working retail at Toys R Us for five years. BEST BIRTH CONTROL EVER!! It also turned me against Christmas...LOL.
😂😂 best birth control haha!
Sad you feel that way about kids, but do applause you know your limits.
@@kaydublin5164 kids are fine if you want them and are ready for them. You should not have more kids than you can financially support.
As a middle aged man, it makes me so sad that I can't take my son to toys r us...
You hated us, but us 80s babies thank you for the memories🎉
Watching you financially coach her into loving and caring for herself is awesome. Some people don’t realize that their depression and trauma puts them in a place to say “It’s not as bad as it was” and you repeating how she should want more and do more for herself, it was heartwarming. Then you backed it up with numbers! Math that proves you should be better to yourself! This is good content. You’re changing lives Caleb! Keep doing it!
I have dyscalcula as well, it's such a hard learning difficulty when it comes to numbers and money, I've been too scared of debt and my inability to be responsible with it, so I'm debt free, but I'm working my way into saving, from your videos Caleb. Honestly had no idea about a lot of the things you talk about!
I can’t imagine having a masters degree and making 50k a year. Woof….
at 31 too. 7-8 years out of school.
And her parents pay a large amount of her daily bills. The guilt would burn me up needing to go and beg for the next payment.
Teachers do it all the time.
Been here before 50k subs. Thanks in part to Caleb I have paid off my CC debt & small medical bill collections. I have also transferred all my savings into a HYSA (never knew that was thing until now in my mid 30's) and gathered up a least 3 months of $ for an emergency fund. Lone behold, last weekend I broke my nose & thank God I have a emergency fund!
She is an incredibly sweet person. She has an incredibly giving heart and a drive to help others. The problem, however, with the career that she has chosen is that it is a pair of golden handcuffs. She is beholden to a lower paying job to try and pay off Student loans that are worth so much more than what she makes annually. This is honestly a walking case study of why you do not go to private school for a bachelors degree for any reason. Especially if you’re going to be working in education, or some other social science type Environment. If she had gone to an in-state school for everything, she would have about half as much debt, and would have a much brighter outlook even at the current pay. I want to be very clear, there would still be golden handcuffs involved with this, but she would be in a much better position.
"Golden Handcuffs" usually refer to being paid so much you don't dare leave your job. Definitely not the problem here.
@@RupertMDoc can also be used to talk about student loan forgiveness programs. The offer of eventual forgiveness is quite alluring but usually at a lesser paying job than what you’d get in the marketplace