Can’t Afford To Live, Yet Buys A Stupid Dodge Charger | Financial Audit
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I had hello fresh and it is so yummy
You may be on the plushy side but don't try and plump your wallet up with "HF" I personally dislike the burn in ads of them. My two cents.
The food is delicious and healthy, but very pricey. It is not worth doing unless you are constantly entering new 50% off codes. Each Box is at least $80 for 6 meals. Very hard to justify that going to the need category rather than wants.
This subscription is coming straight out of my emergency fund 😅
My local Dodge dealership told me they actually can’t sell me a charger without a bankruptcy on my record.
The guy must have gotten his from a used car salesman.
With or without? Lol
@@Kleanup_krew01Its a joke. Since they know long term they can squeeze more money out of these idiots buying shit cars.
@@Kleanup_krew01without
🤣🤣🤣
Seeing him struggle on a $9,000 monthly budget hurts my soul as someone who makes significantly less.
Yep I make $3000 a month, it’s hard don’t get me wrong but I’m not struggling nearly as much as this dude
the universe loves to bless the wrong ppl 😢
Seattle is an expensive place, but this dude isn't doing himself any favors.
He needs to break out of these harmful financial habits. No amount of income he makes is going to solve his problems if he can't reel these in and consistently make better decisions.
That's Seattle for you. It's absolutely brutal. I mean obviously beyond his bad decisions, but things cost serious money out here.
It's cause he got suckered into the notion of keeping up with the Jones
Filing for bankruptcy then going to get a dodge charger almost immediately is CRAZYYY 😅
Dude it was before it was actually discharged. I was trifling but I learn the hard way.
@@YourOldFriendJamesdon't listen to the haters the fact that you were on here shows you are willing and receptive to change
Bruh all your chill responses to some of these rude comments is telling. You seem very good natured and handled these comments better than most. Rooting for you and your family!
It's not crazy. It's deliberately taking advantage of a system that is supposed to just be there to save those who are actually in unrecoverable trouble.
hes going to out run the debt with the charger tho sound investment strat
"It has 4 doors, sounded good"
This is the quote of the year for defending a car purchase. I'm more of a 3 door guy myself.
Pontiac Sunfire had 3 doors
@@CHILLknowsfootballAny hatchback has 3 doors.
@@CHILLknowsfootball and you can buy one cheap cheap
I'm not at all surprised his first car was an used BMW that he purchased for 20k and then soon after buying it, he spent another 20k to replace the M63 engine. Typical BMW lol
@@StarsetFlightusually 5?
The broke Dodge Charger buyers stereotype going strong lol
Dodge single handedly restoring black communities
yes ..
Shoutout to my brother-in-law, who bought one despite his whole family living in my mom’s house.
🫡 just doing my duty as a young black man
Young ish, you 28, married with a kid…
I don't understand how someone who had a bankruptcy is allowed to take out so much debt just a year later. Doesn't seem right
My thought, too. It's scary that a bank would approve him. It's evidence to me that we are in a bubble.
It's how the system was designed, they would allow most people to get into debt forever to keep money coming in.
Good point you’d think there would be some financial counseling or restrictions afterwards but nope. System wants to keep us down lol so fuck your credit and go borrow more 😂😂
Bank doesn't care. When the money's not real it doesn't matter if it all "disappears" when someone files bankruptcy. Write it off on your equally-imaginary taxes, the rich men shrug, high-five, and lend it out again to keep the wheel spinning.
My dad keeps doing it; it’s common. I figure that someone who has recently gone bankrupt is a target because you can gouge them and they can’t go bankrupt again for a while.
It blows my mind that a guy who has already been bankrupt once goes into debt to keep his black car spotless.
It's tough being stupid
how do you know the car is black?
...because he said it was in the video...
Some people just value cars above all else. I've known people that rent and purchased a 100k range rover.
@@tonyk438is the weirdest thing to idolize. Something that DEPRECIATES.
As a car guy, but also a financial nerd this interaction is absolutely hilarious
hes learning bro haha
Yup
39k.. lol you think it’s an sxt or a scat? 😂 bro is pushing the ultimate base model
Buddy got a v6
@@__sorry___Not if it sounds good.
Went into bankruptcy for a $20k car and he bought a $35k Charger 😹
The N63 is a known flaming POS of an engine, and the guy was shocked it bankrupted him
You can't make this stuff up
Lmao them car guys
@@XxCaptNKnucklesxX "Car guys" laugh at Dodge Chargers. The official car of "I'm a total badass, but I have custody on weekends".
@@LarimerFilmsit's the muscle car for fatties fat cars for fat people 😊
@@LarimerFilms custody on the weekends HELP😂😂
Charger, vaping, Drake...this man is living his life like he's 15
Seriously 🤦♀️
Very immature decisions! 😢😢😢
his brain process is of a teen so dont no.. if this is how he is..
I’m sure you’re the ideal human being
@@YourOldFriendJames shut up
$850 a month at 72 months, with a %14 interest rate on a Dodge. I really do feel for you bro, your a walking meme 😢
But it looks cool and holds value 😂
@@wavy.m3seriously buying a used Mopar is worse than a 72 month 25% interest rate. No one buys those cars to drive them lightly
for a normal charger it’s not even a scat pack i’m pretty sure 💀
@@jrsghostsright? It’s the bone stock V6……smh
Ya bro was stupid for that, bet the dealer was dancing on his way to the bank
I used to work at a non profit and you knew when the food bank was open the parking lot was filled with new luxury cars.
A lot of clients drove brand new Lexus. One client said she needed a brand new Mercedes to show people she made it, but she didn’t make it. She was going to the food bank weekly. Talk about screwed up ideals.
Man how do you keep finding as many people to come in for these audits? For a show that relies on new guests every episode you drop a crazy amount of new content.
People sign up through the Google form in the description.
Because us Americans are financially irresponsible 😂
I think there is just that many people in trouble.
He also advertises for it, being in the Austin area I get the ads all the time. 😂
It is weird to me too as a private person. But a lot of people are always willing to share. Love line was huge call in show in the 90s before tik tok even.
Pulling up next to a charger on my bicycle like "23% APR lookin ass ..."
😂😂😂
🤣🤣🤣🤣🤣🤣
$140k/yr and flat broke. The modern American dream. Sad.
Its only because he is bad at money. If he understood finance he would be doing well.
@@bolt7047 like all the caleb's auditees with a >50k annual income
Lifestyle creep done got me! Learning from my mistakes and will be a success story on the next episode.
@@YourOldFriendJamesalways learn to live on less, my wife and I live off of $8k a month for the last 8 years. Every time we get a raise, all we do is increase our investments. Now we are investing $8k a month.
@@JD78CN8k a month is a lot to live off of
The fact that Caleb thinks chargers are lame makes him that much cooler
Every time I see a charger, I know that most of the time the idiot driving it is paying 7-800 on a double digit apr on an unreliable pos
@@pretzelstick320 I worked at dodge dealer and my co worker had a scat , he was paying $850 a month at 12% interest (this was pre lockdown numbers)
@@Neptune8 well at least he had the scat and not the shit model.
@@pretzelstick320 scat packs are shit to still be paying that much
So he's on the inside, and he still is paying out the ass for interest.... @@Neptune8
Him having BMW is a great reminder that " if you can't afford a luxury foreign car brand new, then you can't afford it used. " you'll be essentially paying a brand new car price then adding in 2-5 times the maintenance of a cheaper car.
Soooooo true 😢
My dad has done it, but only because he pulls the engine out himself and has me clean it on my lunch break…
That's not even accounting for the downtime during repairs either
If you do all the work yourself and don't buy OEM parts, BMW's are nearly as affordable as any other cheap car.
Two bmw's, maybe 1k each a yr in parts / oil, maybe 20-30hrs of labor each a yr, neither have ever been to a shop.
@DJSolistica most people can't work on their own cars though. That's a skill majority will never know
I watch Caleb's videos to light my ass on fire toward financial freedom. His videos legit trigger an anxiety that helps me be more disciplined with hustling and saving.
Same! Good luck 💪🏼
Same
I thought I had floated close to debt (Living 6 years with less than £1500 in the bank every month) and watching this has made me realise I’m actually not too bad.
Caleb's disdain for cars is one of my favorite things.
😘😘😘
Mine too. I married a car meh 🫤 man. Will be able to retire with $3.2M at 60! Been driving junk cars for 30 years!
@@sagm706 Cars and eating out are the two biggest wealth killers. Its funny how people can magically find hundreds of dollars a month to buy a car or eat out, but the idea of saving or investing is out of the realm of possibility.
@@JSmith-dj2piRight I meet someone that is paying $900 for a damn Kia!! I was like damn they scammed you.
Fuck overpriced cars~
I know a kid who got $68,000 in inheritance. He splurged with it, baught a brand new WRX. A year later he was broke, decided he wanted a truck and traded the 2021 WRX in for a 2012 GMC 2500 with 120,000 miles. He kept saying they "paid him $2000 dollars and he got the truck". I told him they robbed him for $10,000 but think w.e. you want kiddo. A week later the transmission went out on the truck.😅 He then traded that in for a 2015 dodge durango that he is paying $550 a month for. Dude is going to be broke his whole life unless he gets his shit together.
that’s hilarious but sad. i sold a 2017 wrx for 18k, if i sold at a dealership for a tradein like him they could’ve given me 25k. i currently have a 2019 worth 20. he was taken advantage of and robbed more than hed ever comprehend
American car = 🗑️
Moral of this story... Don't let this be your kid!!!
Bro is tarded to trade in anything for a gmc piece of shit anywayz
Bro, a Subaru WRX might legitimately be the least reliable worst sporty car one could buy.@@FullTraderAlchemist
“I don’t like to see my car dirty”
“Okay get in it, then you won’t have to see it” 🤣
Can't imagine filing for bankruptcy and stacking up new stupid debt. Some people just never learn.
It's free money. He can do it again.
@@johnnyrabenold6133stoopid
He learned, he decided not to do something with his new knowledge, he doesn’t understand why he is doing stupid decisions even when he knows his decisions are stupid. That is what therapy is for.
Some people do it on purpose. Yeah, really. People know they can get all their debt (besides student loans) wiped out. I mean, their credit gets ruined for 7 years but they get to spend whatever they want.
@@deirdrekiely6187credit doesn't get ruined in most cases. It usually helps if you are already late on payments which will be closed when filing and you can still apply for credit cards after discharge.
Mad props for James coming on the show and taking the Dodge Charger comments like a champ. Really believe he’s got what it takes to get over this in 3-4 years!
Hell yeah! Thank you for your vote of confidence, wife is on board and we’re already making progress.
@@YourOldFriendJames Period.
@@YourOldFriendJames God loves you. Romans 8:38-39.
@@YourOldFriendJames Your Charger should be paid off in 6-9 months on a salary of $145,000 if you lean into it. Your perception of finance is warped. Money is a TOOL. You can either live large now or live very small later in your life.
Best of luck! Keep the focus.
Aside from this being entertaining, its highly informative. So many people get in a situation like this and don't know how to get out. You do a great job of creating a timeline that is attainable.
He should've bought the same car as he bought for his wife. Toyota, Honda, Lexus and Acura are THE cars to buy if you want reliability, they can easily go 300000 miles with basic maintenance.
Agree with Toyota and honda, but even Lexus and Acura are their luxury counterparts which he can’t afford
Not acura nor lexus. Broke people dont need to be going for a luxury name. They cost a bit more to maintain than honda /toyota counterparts
@@tymondabrowski12kia is not the new toyota. Only toyota can be toyota. Kia still has shit ton of high cost issues
@@tymondabrowski12nah Toyota all the way. Kias and Hyundais are known to be easily broken into and it’s causing their insurances to go up. Not to mention how much recalls I had to get when I had a Hyundai last year. Have a Toyota now and love it. My bf has a 2003 Toyota that still needs very little maintenance.
Me and my family have always stuck to chevrolet toyota, and Honda cars. And I plan to stay that way. They have never let us down for any problems under 100k miles.
James, you're a good sport for taking the HEAVY roasting of your car. As a guy who spends a lot of time around cars I'm sure it hurt your pride a little but you took it and it made for a great episode!
Tbf, Chargers are kind of famous for car guys that know nothing about cars or car guys with financial illiteracy unable to afford nice cars. Also, 90% of the clips online of people crashing their cars coming out of car meets are Chargers. They hit the gas too strong coming out of the parking lot and immediately lose control at 15mph and put their car in the ditch.
These are two reasons why, I think, people don't "respect" Chargers.
Car guys get it, and non car guys can’t even begin to understand. Thank you for your kind words, selling the charger will be bitter sweet but so worth it!
@@YourOldFriendJames You laughed off some pretty offensive remarks, James. Respect to you.
@@YourOldFriendJames Im a car guy, but I still stand by that that was a fucking stupid decision.
@@SwitchMaxFX oh yeah, 100%.
Caleb,
Thank you for having the integrity to tell people to only buy the things you partner with, if they can fit it in their budget. It is hard to watch other content and see them say don't spend.. and then have expensive ads for things most people cannot afford. I appreciate the honesty.
But even with that hello fresh is unethical( I mean which business isn’t) and it’s harmful for the environment unlike what these influencers say. Let alone the small portions!! All In all I will give him credit in that but hello fresh isn’t worth it.
Kinda piggy backing off this comment, but MeaLime is like under 4$ CAD monthly and it helps you meal plan and creates grocery lists for you, so meal prepping and shopping is easier. I found I was using hello fresh because I hated putting lists together and figuring out how much I needed
@@Intellectualchaoswhat are the issues with that? It could be wasteful, but I never thought about it. If you can explain (I’m chill lol)
@@Intellectualchaosi used to work in a hello fresh warehouse, i packaged the rice lol. i was also the only non-illegal immigrant working in the warehouse.... if you order food from hello fresh, i would highly suggest you wash the rice before cooking
lol idk how this became a conversation about washing rice. I will agree with the unethical practices but as a Caribbean who came from an immigrant I don't understand your positioning regarding non-illegal immigrants so I will refrain from commenting@@sginrummy88 @tymondabrowski12 you can do your own research hun
I feel kinda bad that I watch these to feel better about my own situation. But thank you for the content Caleb!
Definitely not just you. I watch for motivation, too.
Seeing all these people have so much debt and financial problems makes me feel better that I have no debt, especially student debt. I'm also glad I have a dad that worked in the banking and financial field and told me about a savings account, CD's, 401K's and other stuff to save for life and retirement
I watch these videos to outwardly express sympathy and encouragement to the guests while deep down rooting for their failure so as to elevate my own self worth.
@@geigertec5921😂😂😂 outwardly expressing lol I love it
Glad I could help 🫡
I’ve taken a second job, and have begun aggressively paying down my debt and saving up an emergency fund. Caleb, you’re doing the lord’s work.
He's the financially savvy parent we all never had!
👏
@@dylanmillwood2861yesssss! Lol
same here, finally set up a sofi account yesterday to start savin up after bingeing his channels for about a week lol
Wow. He initially thought that credit cards were people giving out money. That kinda explains the bankruptcy and yet another reason why we need more financial education 😳
That’s a lie, no one is that dumb to figure out how to open a credit card and then think it’s free money…
@@burtb3477for real, like common sense should ring “hey, CHASE bank gave me 10k! For free!!!”
Was a dummy
You would think high school would require classes for personal finances and accounting.
@@burtb3477 bruh I am an accountant and even I got tricked by what a credit card was when I graduated
@@ryanbooker9697 our home economics class did, taught us how to budget and balance a check book, fill out tax forms, etc. but I think we only still had it so recently (2011 grad) because it was a Catholic school, p sure public schools got rid of that course because people assume it's just like... cooking and sewing. Like sure, we did that, too, and learned how to fix a toilet, sink, use a sewing machine, fix a leak, etc. but those are a part of home economics, so... idk man.
I’m not gonna lie seeing u almost hit 800k and been watching since 200k I’m proud of you man we need a yt channel like this keeps people who are new to the world almost a lot of experience keep it up
Caleb, you deserve millions and millions of people subbing to your channel. I loved how he was repeating back some of the things that he heard on your show.
I don’t think you understand how much you have helped people out there with their finances. Since I started listening I’ve gotten rid of $6000 in credit card debt to zero dollars and my credit score is in the high 700s to almost 800 and I pack a lunch. Thank you!
He does, it's just we're still living in the past right now, in the future he has millions of subs.
Ham n cheese :-)
Caleb has helped me also BIG TIME i was not a credit card person even though i thought, i learned how to use them, i live by a budget and i now am in a much better spot before i found this channel, id go on the show now but back then i was too embarrassed 😂😂😂 my spending on things like sneakers (hence the user name) and other stuff was terrible
Good stuff! Meal prep and lunch packing unlocks more money to save!
caleb brings people on who are actors he payes them and have people like u who are ignorant and makes fun of them because ur in a better position then them
I have more hope for James than I do for 90% of guests. He doesn’t BS, takes accountability, I think he really wants to change. You got this, Bud!
❤️❤️❤️ means a lot, thank you!
@@YourOldFriendJames You’re very welcome! Wishing you and your family the best! You can do this! ❤️
@@YourOldFriendJames you were a great guest James, rooting for you, sir
@@YourOldFriendJamesyou deserved his Bud you're making more than 60% of Americans and have seen more money in one year come into your life than most people see in their lifetime and yet you found a way to screw that up. For your kid sake I hope that you figure it out but by no means I hope you're not a role model to him financially. If you feel this is coming at you a little bit personal there is a little bit of personal offense in the statement because I just never seen anybody who had so much opportunity to throw it all away. It's sickening and it makes me sad
@@switchlite44shut up
Lifestyle creep is real, and it happens without you really realizing it, I get it. Dude has definitely made some questionable decisions, but at least he’s here being accountable and wanting to learn from his mistakes. I’m rooting for him!
What is lifestyle creep
When your spending on your lifestyle increases as your salary increases so instead of investing or paying off debts you buy new “toys” like cars, boats, designer stuff, vacations, and other non-essentials.
Thank you
Being a stupid fuck is not an excuse...
a bicycle or E bike would be cheaper
Great attitude! Took that medicine like a champ. First time seeing you Caleb Hammer, but you’re doing awesome work helping young folks prepare to live their best life. Top notch!
It is so disconcerting that there is a never ending supply of content for this channel.
And this is only people in Texas or willing to fly there for this
Certainly helps me understand why there is so much debt
The Charger hate is soooo hilarious to me. Poor James having to endure those comments. As a fellow car guy I know there was pain behind his laughter lmao.
🤣🤣🤣
He's not selling it.
I like cars in general. Listening to Caleb talk about cars is so damn painful. Lol.
This episode is a nice reminder that when the driver of a clean Challenger trying to flex next to you at light, he’s probably drowning in debt and just got out of bankruptcy
I’m wondering if it’s the 3.6 Pentastar V-6 or the 5.7 Hemi V-8? Probably since he mentioned the sound of it, it’s the hemi. Hopefully with that amount of money, it’s not the V-6.
My husband sent me a Caleb Hammer gif yesterday. We're going to save so much time now without having to text each other, "WHY ARE WE POSSIBLY?"
this dude and his wife are gonna SUCCEED, great guest, great plan, they are gonna crush it, just gotta buckle down... good luck, you got this!
No idea how you’re pumping out so much content! We absolutely love it, and can’t imagine how much you’re doing behind the scenes. Take time for yourself whenever you need, Caleb, we’ll always be right here 👌🏻
❤ for real tho!
I honestly cant wait for Caleb channel to be bigger than Dave’s the amount of people who have been helped is amazing
They're pretty much helping the same people. There's no need to say that one is "better" than the other. Ramsey just had a call from someone who called to question if they should pay off their debt or go on a trip. Ramsey and Jade gave them the same advice that Caleb would give.
Seriously, people like Caleb and Ramsey are doing a job that they don't have to. They're educating people on financial situations, which many people need.
@@tymondabrowski12Snowball vs Avalanche will differ depending on a person's financial situation. Not everything will work for everyone. I am going to do the snowball method so I can see milestones I'll hit that will keep me motivated. Also, I don't make much so that will work for me until I get in a better position.
My whole point is that both Caleb and Ramsey are helping financially illiterate people. They will work for different people. We should be here putting one person over another.
Caleb and Dave dish out the same basic financial principles.
The details - avalanche, snowball, etc. are just details that don’t really matter as long as you stick to the basic principles. Arguing trivial details is pointless. 🙄
I think Jade from Ramsey could do a similar style spin off to this and it would be awesome!! We need more more more of this type of content- helping people to understand finances better!
@@SilverGirlAu - Jade is awesome. 👍🏻
Thanks for having me on! Looking forward to the follow up.
Good luck - you've got this!
@@kateellison5360❤️💰
Respect for being on the show and taking the time to learn
Mad respect to this dude. Despite past bad actions he has the integrity and honesty to take it all on the chin w few excuses
Hey Caleb seeing your channel blow up this fast has been cool to watch! Great content as always.
Thank you for your support ❤️
He is self aware and so far has not made up your typical excuses and his mindset is showing that he wants to change, hopefully his actions moving forward after this audit.
Yeah besides the stupid Charger and Drake tickets, he definitely cares about his situation. Hopefully they can cut out the cope Amazon purchases and stick to Caleb’s plan
I feel like we watched a different video.
The fact he came out of the gates with a .5 is already way more self aware then the people self assessing a 4
I agree I think he *might be in the right mindset. Hope he pulls out off it. Wish I was making the money he is.
Or is he self aware for the show then goes back to normal when he gets home?
This video really speaks to me. My household went from stable to bankruptcy in a year due to sickness on both of us. It's been incredibly difficult and videos like these remind me to keep doing our best to recover and lay tracks to do better in the future.
Anytime I see someone in public driving a new or newer car, I can't help but think that they are likely living above their means in crazy debt. Not everyone is, but it's hard to not think that when you drive by any low-mid level income apartment complex with $60-85k cars sitting in the parking lot. I do not understand the obsession with constantly being in a $600 a month loop for your entire life to drive a 'nice car'. I'm over here driving a 12 year old truck to avoid debt and I bring in $130k per year. When I was 18 I fell victim to this new car mentality and quickly ended up with a $500/month payment for 5 years. I STRUGGLED to make that happen, even had help at some points from my parents just so I could survive making that payment. In retrospect that was a good experience because it taught me to responsibly buy cars. Everything I have owned since that car has been used off of Craigslist or Marketplace and paid in cash. One of these days I may treat myself, being a car guy, but not anytime soon.
Paid $200 for an 05 CRV 7 years ago… still running strong with minimal in repairs. All while my family members have been through multiple new cars and swimming in debt.
Yep I made the mistake of buying a brand new car back in 2007. Had a 400$ payment for 6 years and swore I would never put myself through that again. Only buy used from now on and pay cash. Married a mechanic that helped 😂
@@erikaletty I agree. I will never ever do that again!
😂 clown
I pulled out a new truck in 2020 I put 5k down, my monthly payments are $576, I have 11k left to pay off. Looking back I should have just bought a cash car and not a $35k truck. I was 19 and wanted to be cool. My only plus is my credit score being in the 700’s, but damn that was stupid of me. 😅
My thoughts on luxury cars- if you cant afford to buy it new, you definitely cannot afford to buy it used… Repairs & maintenance take over
Ha!, yep. There's a saying among car guys " If you can't afford a new BMW, you definitely can't afford a used BMW ".
@lot2196 The Germans are great at designing cars that fall apart shortly after warranty. My new Jetta turbo had nothing but problems shortly after warranty expired.
@@tonyk438 yep. Used Bmw m3 is the worst car I've ever owned. Fell apart shortly after purchase. Then there's the fact that fixing anything is outrageously over priced. Tried fixing issues as they popped up(one right after the other), eventually realized that it wasn't worth it and sold it at a huge loss.
@@Oliviaandtrinasounds like you bought it and started beating the shit out of it and did no maintenance stop blaming the car and do your maintenance first then go crazy
@@lot2196literally no one says this 😂 the saying is maintenance first then put money into the car.
I appreciate his honesty and full transparency…definitely not easy to do especially on a huge platform. I have hope for him.
❤
I mean, he's not entirely honest. The "go forward" is a concierge subscription preventative care service.
They don't accept insurance and are not reimbursed by whatever health plan he's paying for through work.
Honesty? The man couldn’t come out and say he’s a college dropout.
Stay strong brother most of us are in serious debt and made dumb decisions with money and iam totally guilty but we have to be focused on reducing our debt and watch our spending and pay them debts off fast. Stay strong everyone 💪 ❤️
I am 3ish months away from being debt free (other than mortgage).
most of us arent actually
James was a pleasure to listen to. Funny, good attitude. Rooting for him!!
Thanks!
Not me! Immature, irresponsible, and undependable. Especially for a family. Hopefully his girl gets her life together and finds someone ready to be an adult. I could care less what this guy does. 20k on a car that doesn't run? Dude just has zero perspective
@@JP-ml1xe lol she chose him she just as bad
It sounds like he actually showed up and got the information he either didn't know or (like a LOT of people) was happy to have help sorting things out without that anxiety of figuring things out alone. I'm hopeful we see him and the family show up in the future with a few goals hit and the new episode getting to be about him and the wife sorting out how to budget as a couple long term.
Ah yes a charger, the epitome of good financial decisions.
I'm afraid to look up the price of that car lol. I'm not a car guy, so I can't tell the difference between Dodge Charger or Challenger.
@@baconoftheark Challenger = 2 doors = baby mama has full custody.
Thsnks James for taking the hit. Im learning to and im sure there are many people who needed to see this for themselves.
Car people will always amaze me. Good thing you love your car so much cause you keep this up and you'll be living in it, my dude.
I've never looked forward to working on Monday, Wednesday and Friday mornings ever until you gave us this lil gem of a show!!! You motivate me to actually do my job lmao and again have motivated me to get out debt, etc and being more frugal with my spending. You really saved my life! I am late in the game (with just starting my 401k/IRA, this year), just turned 30, but I'm so stoked with the knowledge I've learned thus from your channel and can't wait how I'll be in the next year, 5 years n beyond!!!
Fun fact, dodge chargers are the most repoed vehicle at the moment. 😂
And wholesale numbers are a dumpster fire right now, too, so really can't trade it in for cheaper car now, either.
Also, Chargers are kind of famous for car guys that know nothing about cars or car guys with financial illiteracy unable to afford nice cars. And 90% of the clips online of people crashing their cars coming out of car meets are Chargers. They hit the gas too strong coming out of the parking lot and immediately lose control at 15mph and put their car in the ditch.
These are two reasons why, I think, people don't "respect" Chargers.
People who make poor life choices don’t usually stop with just one.
@@tonyk438 Dodge made amazing muscle cars, but cars like that are a very tough sell anymore. Not to mention, Dodge's awful reliability record!
@@maxinoume Chargers, Mustangs, and Cameros all share the title of "car for people who know nothing about cars but want to look like they do".
It is good we acquire as much wealth as we can, most people fail to understand what it takes to become wealthy, they want to become wealthy overnight by thinking their savings will help them attain that, they fail to understand that investment is what truly builds wealth. I advise you all key into investing and earn side money than depending on your savings if you truly want to be wealthy
The thought of retirement has given me the opportunity to sort out another source of earning
Job will pay your bills, business will make you rich but investment make and keep you wealthy, the future is inevitable.
NOBODY BECOMES A MILLIONAIRE OR BILLIONAIRE BY WORKING FOR OTHERS AND DEPENDING ON THEM, GOOD INVESTMENT BRINGS MILLIONS OF DOLLARS AND CONSISTENCY BRINGS BILLIONS. THE MARKET IS ALL ABOUT CRYPTO NOW YOU MIGHT WANT TO LOOK INTO IT
Investing in Stocks and Forex is the wisest, it's a place where millionaires and future billionaires come to get inspired. If you've not been involved in any you're missing out. Most importantly If you know how to trade you can make a ton of money no matter where you find yourself
I'm New to Bitcoin and forex trading. Can someone guide me on a good way of trading
The chokehold that the car industry has on the American consumer is astounding. A bmw… when you’re in so much debt that you’re considering bankruptcy… wtf.
No car is worth a several hundred dollar a month car payment when you’re already in debt. I drive a 2005 Toyota Camry that I bought for $5k. That car is the goat
Absolutely! It's all by design and multiple industries rely on this. The initial cost of public transportation is high (rail), but beats cars any day.
Thank the auto industry and oil companies for loss of public transportation. Electric cars aren't that new as well, big oil just kept them crushed for so long.
I drive an 83 dodge pickup, I'm in it for maybe $2000 over 5 years, including the purchase price.
Idk… some people find pleasure in things that others don’t. Doesn’t really mean it’s stupid. Of course if you are already in debt it’s stupid to spend anything on luxury stuff but, overall not everyone has to drive an old Toyota because you don’t think a car should be worth more than that.
Yup! Just got to be smart about your money. I bought a car I enjoy for $9k cash with 60,000 miles. I can afford to fix it myself and take care of the car.
Used to have car payments and don’t plan on having one ever again, at least not for a long time. If you can’t afford to fix a car & maintain it, you can’t afford it period. It’s why I question people who get a note and do this stupidity.
@@mamamua4644I doubt anyone is saying expensive cars shouldn't exist. It's just certain people should not have them.
Best episode yet -- love Caleb attacks on a bad ego car purchase. Props to James for taking the bruising, he'll be a great follow-up show in 3 years
James, you were so awesome to watch and listen to! You’re so different than a lot of other guests with all kinds of excuses and complaining. Also you were such a good sport with Caleb ribbing you about the car. I lol’d multiple times. Once you get out of this debt, you’re gonna be in SUCH a good place. Rooting for you!
Man, I just don't understand people and cars. I'm clearing $125,000/year and have been driving an $800 Honda accord for the last 5 years lol. Cars are a huge, huge, huge money sink.
My favorite morning show to listen to at work 😁
Morning!
@@CalebHammerafternoon here, already been at work 7 hours. (US just start at 5am)
It’s easy to listen to while you drive is why I tune in…
This man is legit the guy from the Atlanta Dodge Charger commercial, filling up his car buck naked at the gas station because nothing mattered as much as his Dodge Charger.
That commercial is hilarious, but sort of sad cuz it’s true.
Not only can he not afford it, but in the commercial they make it a thing where people completely stop what they're doing to admire the car. Which is exactly what this dude wants from random strangers on the street.
I actually do think they look cool, but id rather be financially stable with my Toyota Corolla.
going through a bankruptcy and not learning from that is kinda wild
The fact that his bankruptcy was the direct result of a car makes it even more wild.
If you think about it, you get rewarded by most of your debt just disappearing, kinda makes sense. There was no consequence of paying it back.
I had a friend a long time ago who got declared bankrupt 3 separate times before he was 30. It was ridiculous
Prob got his advice from tiktok clowns. This new generation is so f’ed
When my LS broke and I needed a car quickly I purchased a 2011 Maxima for 8k cash... while I save up for a good car next year (and I make more than 3x what this gentleman makes) I don't understand how people making so little make these insane purchases. I get anxiety with less than 15k in my checking account...
I want to understand more...why people think like this....you have less than $600 in your bank account and have to get your car washed every day!?? I'm so lost
Would a 2008 honda civic Si sedan be a good car for when im out of high school my parents will probably get me a 08 civic but automatic or maybe a Si when im closer to 17 but I am trying to save money to get one
15k man move some of that money into CDs or a high yield savings account.
Right!? My number is 10k. But i get major anxiety when my emergency fund is not up to par i cant imagine $600 in the bank. 😅
What is the point of these comments?
I would like to see more category add ups after you go through the statement as I’m sure it would help many understand the bigger picture. Example, counting up all the times they went out to eat vs weekly groceries and what they would be saving
I’m a big fan of the show Till Debt Do us Part and I loved seeing those comparisons. It really helped me look at my grubhub statements vs what I would save meal prepping
Many would still not care and/or be in denial.
@@christinazito7438yes! Love Gail! Haha such a good show.
🎶Money money money money money money 🎶
He mentioned student loans but I don't think those were brought up again or accounted for in the monthly required payments...
Caleb, I casually told my 18-yr old son about Course Careers and a couple days before he was about to start community college he said he was 3/4 of the way through a Tech Sales certificate! I laughed and said that was supposed to be an alternative to college, but ok. He was like, "you're the one that told me about it!" Then I learned it is $600 and he took the initiative to pay the $150 every two weeks. He was super motivated and studied so hard to pass the test. I don't know if anything will come of it (he is so young and naive that he is excited by the words, "cold calling" and, "100% commission", haha), but I'm proud of him for doing it on his own and who knows where the learning will lead. I heard about it from YOU, so thank you!!
Great job allowing him to test out and find his way. You're a great parent!
With that initiative he will do great. I bet he's realizing that with his hustle he will own his financial future . Don't take that away from him. He's going to go far. Good for him. Learning sales means he has a skill for life.
Speaking as a former service advisor, it’s one of the most manupalative jobs ever. They go outta their way to charge you more money for things you dont need so they can get more commission lol.
If he doesn’t want to go into the grocery store he can do curb side pick up. He just has to drive to the store and sign in on the app. I also hate going into the grocery store so I do curbside pickup. (I also noticed I save more $$ that way because I only buy what I need)
We go to Target 🎯 now.
The grocery thing, I can greatly empathize with having a baby, working, and just being too tired and busy to grocery shop. A lot of grocery stores offer free pickup when your order is over a certain amount, and often that amount is reasonably low. This has saved my family a lot of time and a lot of money vs grocery delivery.
Even if you do pay $5 to pick-up, it still might save you then walking around the store, picking up extra items that you don’t need
I used to love going food shopping when I had kids. If I went with them it wasn't too bad and you always get the "aww he's so cute" people and if I went without it was a break. We didn't have pickup options then and I don't use them now. I use the time out to talk with my kids and keep our bonds strong
@@yeahnawnawI agree, I can't help but think people that use grocery delivery are just plan lazy.
The easier grocery shopping has become, the more excuses to eat out seem comical.
@@The412DevilI know there are people with disabilities who can't drive that utilize this service, so it's more than just for the "lazy".
He’s paying more than half his monthly payments to the interest not towards the car basically his 35k dollar loan is gonna cost him 61k over the entire period of the loan.
@@problematicpolarbear6065the real question is how does someone this unintelligent make 80k
@@problematicpolarbear6065 - I do - and collect the dividends quarterly. 🤑
@@problematicpolarbear6065Hey now, the free market. Something something, yeah it's all dumb.
I filed BR 10 or so years ago and they teach you how to not do this. I hope he gets through this debt!
This would have been a great edition of the couples financial audit. A great episode as always, Caleb!
Caleb: Did you learn anything from the bankruptcy?
Him: Yea Im a lot better. I think I did
*5 minutes later*
Reveals he went 35k in debt for a dodge charger, not to mention his wifes car hes in debt for, totalling far more stupid debt than before the bankruptcy.
I'll never understand people who "buy" expensive/new cars just to go into debt.
@@problematicpolarbear6065are you talking in reference to this guys car being totalled, or in general. Because his car was "totalled" because the engine broke and that was worth more than the car. In the US insurance only covers accidents, not breakdowns, and insurrance is required by law in all 50 states. So its rare for a car to be in an accident and not covered by insurrance.
@@fionna_cool_girl35k is pretty average car price. Not really high at all but he’s never held onto a dollar his whole life so it might be high for him. But he’s more worried about his status among his friends. Doubt any of his friends care what he drives but he sure thinks the do.
Yeah, I done messed up 🥵
The 392 on the side of the Scatpack is the owners Credit score.
watching this is like getting punched in the gut and pulling my nails out at the same time.
dude, credit to you for going on the show and owning it.
now that that is over, hopefully yall are making better choices. It SUCKS the life out of a person to be a debt slave. God Bless you.
On the point of car washes. You really should wash your car. Do it yourself but having a clean car is important to keeping the paint healthy. Dirty cars lead to bad clearcoat and turns to rust when it wears down
Bro could’ve saved like $50 a month if he did it himself
My husband works as a salesman at a luxury car dealership. Here’s the scoop:
1. Health insurance through car dealerships are awful, expensive monthly premiums with terrible coverage.
2. $80k a year for a service advisor is fantastic.
3. He can get free car washes through his dealership. I take my car to my husband’s dealership 1-2x month for a free car wash.
Good luck to him. My advice to married couples is to combine your finances and accounts. It makes things so much easier and you can see where each other’s money go.
We’ve combined our accounts, and are on the same page to move forward together. $80k is on the low end here, working to make $100k next year. I didn’t have the heart to tell Caleb I get free car washes at work but that it would scratch my paint 😂😂😂
@@YourOldFriendJames good thing, his voice would’ve gone up an octave 🤣. Hope things turn around for you all!
I doubt he makes 80k. More like 50k
@@joshua1935 lolololol
Do you tip the guy(s) who do(es) the final dry and shine?
That car was all about showing off. The daily car wash confirms it. Dude has no business keeping that car when he's in so much debt.
True lol
Im over here managing $2600 a month happily and this guys got 9k a month and is struggling?! Bro youre on easy mode rn
One of your questions on the form should be "Are you married?" and "Do you have children?"
I have a good feeling about this guy. He hasn't made the best financial decisions in the past but it seemed to me he was ready to make much better ones in the future for him and his family. Looking forward to his update!!!! In the meantime I'm wishing you the best and cheering you on!!!
Nah. He's still not making good decisions.
He's trying to get out of debt, but he's paying $150 a month for a boutique concierge medical service.
$27,000 car and this dude is paying $850 a month for 72 months. That's $61,200 so he is $34,200 under water on this car right now. Damn dude wake up!
Wait what. I just did the soulja boy "huh" reading this
The fact this guest has been one of the most grounded out of most others I’ve seen gives me hope.
Caleb you shine a light onto a common financial problem in the US, keep up the strong work!
58k charger after bankruptcy… America 🤦♂️
How else will he charge towards his future?
You can do it James! Buckle down and remember the goal! You got this! 🎉
When you see someone driving a nice car acting rich… they might just have a bad credit like this guy. It’s easier to be wealthy than acting wealthy.
Yeah 100% respect to this dude who is trying to better from his situation
Took an ego beating but hope it works out.
You can really feel that he's grilling the guests with love, it's great
Dude actually said that he does care what the guy next to him at a red light thinks of him. Inwonder what they'd think if he had a bumper sticker saying he's fast tracking a second bankruptcy in about a year.
I think to a degree we all care what people think of us. But mostly, I care about how my car looks, feels and sounds. Cleanliness helps to keep the mind at peace. My priorities though, we’re in the wrong place. Now I’m focused on my money and could give a shit if my car is clean or not.
@@tymondabrowski12 apartment, no water hook up
chargers/challengers got to be the most common cars people get locked into predatory, astronomical interest rates on.
Not surprised my melatonin people are the same ones driving them🤣🤣🤣
@@ShimaS-0079 Your hormone that signals the brain that its time to sleep people?
@@ArchIVEDCinema 🤣🤣🤣 i know i spelled it wrong on purpose 🤣 glad someone caught it
This is why I NEVER feel bad when hearing ppl hear about how they "never have money" because I know 90% of them choose to live life to impress their friends.
Just shows this man never matured past middle school unfortunately.
Still wants to be the cool kid.
He was one of the most pleasant and relatable guests on the show. Not the bankruptcy history but everything else is really common.
Really?? I don't think so bud. If this is relatable to you than you should definitely seek help
@@JP-ml1xe not relatable in finances but in talk and demeanor. Most of Caleb’s guests have been weird, immature, annoying, deflective, etc… he is one of the most calm, honest, and level headed person on the show. You can have a different opinion but no need to insult me as well.
He's pleasant but doesn't deserve his high income, doesn't understand interest rates, he doesn't understand credit, he doesn't understand how to be an affordable car
@@brianalthen6943 yeah, that’s why he is on the show. And many people related. People aren’t always taught finances, and it’s brave for anyone to put their ignorance on display for all to see and comment. Its a step in the right direction to admit ignorance and seek guidance. But It’s great that you know all these financial things, congratulations.
It’s easy to be that way when you’re simple.
If your household income is 150k a year and you can't make it you need a hard reset. Time to move and completely change your life. My wife and I make a little over half that and we are living a great life.
He's in Seattle though. That 150k is not affordable for a tech city.
@@Jujubees225 thats why he needs to move.
@@tpgsoldier its also a catch 22. He moves pay drastically gets lower. He needs to fix his finances and get rid of the cars first.
I feel like the main problem here was not thinking about finances at all. Some people, their parents aren't good with money so they can't teach them how to handle it, so no matter how much you make, you spend it all. It's good to see him taking the first step here, hopefully he and his wife can get on track.
Well that’s reetarded
My parents were good with money but in a way that is totally impractical. Like taught me how to plan around a pension and how to use a fuel man card and how to get the most out your company car. Buying municipal bonds stuff that just does not exist anymore