▶I confronted her entitled BRAT daughter in today's post show... she put up a fight, but someone needs to stand up to her- watch here: th-cam.com/channels/Le_q9axMaeTbjN0hy1Z9xA.htmljoin ▶Bundle my budgeting program + investing program for 15% off: calebhammer.com/bundle plus get $100 in a cash gift for signing up to start investing! ▶Download the FREE Upside App at upside.app.link/hammer to get an extra 25 cents back for every gallon on your first tank of gas.
where are your post shows they dont seem to be up I only see 3 episodes so far are here, is the post show a members only perk? the link is a bit confusing
Brother must be loving this - she pays for so much for his sister, student loans, phone, car insurance, target card, Walmart card - wow and she's older than her brother. Talk about spoiled
@@lunaclassicmaxi9796lol I worry that I would struggle to control myself, but I feel like if I’m already thinking that way then will power probably won’t be too much of an issue
"God will provide for me" reminds me of a story my Mom used to tell me. There was a man in a flood zone, and a car stopped and offered him a ride to safety. He said "no, God will save me." Later, a boat stopped by and offered to take him to safety, he said "no, God will save me." Then, trapped on his roof, a helicopter came by and offered to take him to safety, he said "no, God will save me." When he died, he asked God, "why didnt you save me?" And God said "I sent you a car, a boat and a helicopter, what more do you want from me?" Ma'am, God gave you a 180k salary, a son with a good head on his shoulders, and Caleb to knock some sense into you! Take the advice!
@hdw237 i don't know if I agree fully with that doctrine. God commanded farmers leave the edges of their fields unharvested for the poor. There's no shame in needing help, but I do belive God provides us with opportunities that we need to take and act on, and doesn't just drop money in our laps for sure. She has been given so much, so its important to think of how to use it, not just expect more, if that makes sense.
@fiveminutestolive EXACTLY. God didn't say harvest your crop, and prepare 20%, and hand deliver to the guy down the street who has some bs mental dx that he says means he can't work and to the single chick across town with 5 kids from 6 baby daddies who says she can't work because she has to take care of her kids. But that's what the govt puts a gun to our head and forces us to do.
when caleb said “if you go bankrupt…” and she replied “god will provide for me” my eyes rolled all the way into the back of my head. was god not already providing when he gave you a 185k salary and you burned it away like this? it’s too late for this lady tbh.
I wouldn't say its too late for her. I have seen people in absolutely terrible situations turn their life around. However, as a Christian here, yes she has got to drop the "God will provide" line. This especially makes me mad when I hear that. I have heard that myself A LOT and 9 times out of 10 it was a way to try to say they didn't need to do anything different. It's not what the Bible says and it's a weak excuse to avoid personal responsibility.
@@d.olluwu Glad God provided 185K for her to burn and not, say, a few dollars for somebody in a poverty stricken area who’s skipping meals because they had to pay the electric bills and are broke until payday and what’s left is being saved for the kids.
“I try to buy happiness.” Most profound statement of the episode. We all fall victim to this at times, and I bet it is the #1 reason for substantial debt in our country. This show has made me more aware of my spending habits, and I’ve realized my contentedness as a human does not come from bull$hit spending.
Yes, this, so much this. Money can prevent misery and suffering from not being able to pay bills but it can’t buy contentment, joy, peace, love, or happiness. And you could spend hundreds of thousands trying to buy what isn’t for sale.
I agree sums up my 20s and 30s in a crushing depression. Marketing takes advantage of our loneliness. Having to learn your prey isn’t fun. But glad made it out!!
This comment is for the 22yr old young man single handedly holding what is left of his family together through self sacrifice and hard work. Having that kind of sense while your 185k mom blows everything is simply incredible
Caleb (and team). I’m clergy (a pastor) and I’m sick of seeing people on here with terrible theology of giving. If you are in debt please don’t give to my church or any charity. And we love to help people get out of debt so they can be more generous.
That's how my husband was raised. His home church counted debt as a sin. People in debt were to offer service over money. The community helped people out of debt in hardship, but irresponsibility and lavishness was frowned on. People didn't live high, but they were mostly debt free and supported each other. Our church also doesn't pay for Bible classes or study. That seems scummy, too.
Right, honestly I'm glad to not be rich some days because watching Caleb's channel has taught me that the more money people have the more they overspend
Keeping myself accountable by commenting my debt every Friday. 0% till September card: $13,020 Apple Card: $0 Car: $25,256 No progress since last week, but I get paid next week and should bring down my CC and car loan. Had two job interviews since last week, but haven’t heard back since I think my schedule for my first job doesn’t align with what they’re looking for. Keeping my head up and focusing on this goal.
I know I'm a total stranger but I wish you the best of luck accomplishing your goals!!!! Great idea to post up to keep accountable that's really brave 💪💪💪
I like kinda-respectful-to-elders-in-a-crisis-Caleb. More wholesome and interesting than when he is ripping 20-30 year olds to shreds over the same things over and over 😅
I introduced my best friend to you! She thought she’d need to file for bankruptcy but she just needed to budget. Now when we are on the phone while doing MANDATORY shopping (groceries), and one of us sees something we don’t need we mention it and the other whispers “taquitos…….” and we drop whatever it was. When we’re super tempted we send the other a video with our hands in a prayer form going “Caleb hammer - Caleb hammer if you can hear me right now, please help me - I swear Caleb give me strength” and we avoid spending on BULLSHIT. We are both moms in our early 30s and have cut our debt down by over 70% in just SIX MONTHS!!!!
Hahaha my husband and I do that too. When we sit down to our monthly budget and review the previous month, we'll tease each other if we see a $3 or $5 purchase and just yell TAQUITOS TAQUITOS TAQUITOS
@@samanthat7553lmaoo same for my husband & I. When we go over monthly spending we see those little gas station $ stops & say, “taquitos, in this economy?!” 😂😂😂
This is literally my mother and sister. My whole life my sisters gotten everything she wanted. Mom even paid for her college and wouldn’t pay for me to go. Now my sister is a heroin addict on the streets and I’m a marine veteran business owner. I say all this to say if she wants her daughter successful and her son not to resent her, she HAS TO cut the cash flow to her daughter off.
As a 45 year old I am watching very carefully. So glad not to see another 23 year old, no offense youngsters but sometimes we need to see a bad example of an adult who has decades of poor decisions behind them to learn something new. It’s so ironic she works in ethics and compliance lol
Agrees! 48 years old and I drive a 2009 Honda. Only debt is student loans. It's astounding that her monthly payments are more than I earn in one month. Definitely hope she can turn it around. I panic thinking about retirement now and I have a decent little nest egg.
Hey Caleb!!! You might see this or not, but I wanted to let you know that I paid all of my debt off! I am... for the first time... DEBT FREE! 25 years old and ready to build properly this time.
I know Cutco is an MLM but my mom has had their knives for my entire 20+yrs life and their free sharpening slays. Shes also gotten a knife replaced for free when it got messed up.
@@rebashhhh3448A lot of Anti-MLM channels say that most of the time, the products are decent if not good. But the problem isn’t (usually) with the products, it’s the predatory business structure. However, if the knives are in good use than I’m glad the purchase was worth it!
I got a serious ick when she said that her daughter can be scary...sounds like she's taking advantage of mom and throws a fit when she doesn't get her way.
Lack of boundaries is a big factor for a lot of guests...feeling compelled to say yes to friends, family, institutions like the church, etc. Knowing deep down they can't afford it but wanting to be generous. Learning to set boundaries and say no (even to oneself) goes a long way
Ever since I started watching Caleb, I really got my finances in order. With Hurricane Milton, I had to tap into my emergency fund. It hurt to spend that much money, but I'm so glad I had it there. I didn't suffer any losses or damages. So, my focus for the next month is to rebuild that emergency fund again. Not being broke is such a great feeling.
On the bright side you had an emergency fund and had that safety net. Don’t worry about starting over again that’s what the emergency fund was for!!! Wishing best of luck to you on your journey!
From a 640 credit score to 806, $6000 in debt, to completely debt free. Thank you, thank you, thank you Caleb for waking me up! Ps. I’ve been waiting for this sweet treat for an hour now.
Serious question, how do you get your credit over 800 not having any debt? I’m at 770 and the only way it’s going higher is if I take out more credit cards or more debt. I don’t really care about my score, I’m not going to use it anytime soon. I’m just curious how you get an 800 without a bunch of debt
@@ThrowItOnTheGrill I think sometimes it's not really based exactly on credit score and salary. I have a decent salary and credit score high 700's to low 800's, and many of my cards are at the max interest for some reason. Don't really care since I don't carry a balance but found that really interesting.
@@rjkbuny Credit score is generated by an insane bunch of 'rules". It took me a long time to figure it out. I learned a lot of it from a sub on reddit from a bunch of very helpful people. I admit my statement was not very well thought out because it used to be that people that had good jobs had some degree of common sense. Unfortunately, common sense is not so common, any more. Good for you on not carrying a balance. There are places now that are starting to charge a surcharge for using credit cards, passing their expense on to their customers... what a way to alienate your business' moneymaking.
After watching tons of these episodes, I will never envy another’s “lavish” life style. More likely than not , they are living the high life swiping that card and living on debt. I’ll continue loving my modest life debt free and without credit cards 🙌🏽
It's been shown that so many tiktokers rent private jets or a private jet "studio" to flex. This is all an illusion. This crap kinda started with that "Lifestyles of the Rich and Famous" back in the 80s. People started to lap that crap up and I bet she was one of those people. It's only gotten worse with social media and FOMO. It should be FODID --> Fear of Dying in Debt
She's funding the older daughter and will expect the younger son to pay her bills when she gets old. Son, if you see this, you have suffered enough for her bad decisions. You do not owe her anything and it is not your responsibility to take care of her.
The daughter is 22 and I thought the son is 23? But yes, bad habits seem to be getting rewarded. It is infuriating that the son who is good with his money gets nothing.
Wild thing to say about the woman that gave birth to him, took care of him his entire life, and is one of the few people on earth who will love him unconditionally (assuming those 3 things are true). Her enabling of the daughter and reliance on the son are huge problems that need to be dealt with but the bond between mother and son is not something you stop feeling because a stranger on the internet told you to.
@@SovereignSmurfyou're right it's not something you stop feeling, but it is OK to feel that bond and feel sad when you can no longer help them. This is as Caleb said, generational debt! It's horrible, I'm having to go through something similar, I'm not a religious person but I've been "tithing" about £500 a month for the past nearly 20 years to help my mum, she's out of debt now but I'm still paying because I can't see her go broke. She's making a little headway these days but not much. Sometimes you have to say enough is enough and I wish him the best in this
@@SpookyBibi24 How is she going to save millions. She makes 120k after taxes and needs to pay back 400k. She is going to have to work into her retirement age to even touch a million.
My tween and teen pointed that out immediately. $185k * 5 is $925,000. She's blown $1,325,000 over the past several years. People don't factor their debt and missing income together in what they've blown. @SpookyBibi24
Single mom for 11 years 🙋♀️ built an insurance policy pantry, worked on credit, bought a house with 25% down, have a 6 month emergency fund, working on a 5% home emergency fund, have a 401k and pensions that I haven't tapped into, $0 credit card debt, $0 car loan, all the while making below federal poverty line.... dont give me the waah waah single mom BS excuse!
I almost passed out hearing she brought in $11,000 last month... and spent $13,000. 😵 If I made over $10k a month, I could put myself on a path to early retirement. Jesus.
It's the minimum monthly payments and interest. It's massive, plus all the impulse buying. I dont think even stopping the impulse buying will help at all. So much debt
@@alrightbro unless I had to buy a car or had some insane medical stuff happen, I’d never spend 13k in a month. I don’t thinks she is aware you can exist and enjoy life without hemmoraging money.
Living paycheck to paycheck on a $180k salary and still thinks that she needs to drive a leased Benz paying $700 a month. People really love to appear wealthy to a bunch of other people they don't know. My uncle makes over a million a year, with only a couple of mortgages that he can afford, no other debt and he still drives a 2005 Ford Expedition.
With that salary its totally doable to lease a Benz, but not her with her spending habits over decades. She basically only works for paying interest to credits card companies.
The avg. American is having a tough time, I know I am not alone. There are others in same position as me. By certain statistics: 22% of americans have no retirement savings. 64% are worried that they will not have money in latter years while 47% of adults who are not yet retired think they have to work part-time in retirement. How can I best grow the 100k I have saved seperately outside retirement access which of course had depleted over the years?
Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.
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I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Marisa Michelle Litwinsky is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
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I just wanted to come here and say I paid off 6300 dollars of consumer debt as of today and I’m so thankful I found this channel and changed my life for the better
Episodes like this are so much more enjoyable (and watchable) for me than the ones that are more shouting and drama. Seeing relatively reasonable adults on this show really helps open my eyes to my own behavior as I can connect much more with them over the more obnoxious guests.
I would think a consultant who’s in absolutely enormous amounts of debt (including owing the US government) would be a liability to a company who’s hired her to manage their compliance!
@@sarikagoode1505the previous owner of the place we currently own (through bank foreclosure) was an RBS risk analyst :D and he was in the meanwhile moved(flee) from NL to the UK.
To the lady in the video, I hope you read this. You’ve been through a LOT. I’m your age. Losing parents, divorce, moving. I know how you feel. You’re trying to cope with spending, church, you’re clinging to your kids. Please get therapy if you aren’t. You need a break emotionally to gather yourself and process what you’ve been through. God helps those who help themselves! Prayer is great (and free) but grieving and adjusting take time. You can turn your life around even at 50, I promise.
The daughter getting access to a credit card she doesn’t pay and the son not getting access just because he’s not a dumb ass is SO unfair and would make me sooo upset with my mom. There are things I have a sneaking suspicion my parents helped my younger brother with that they refused for me at the same age (co sign a car and fafsa for college) and that was a huge chip on my shoulder I had to get over. I wouldn’t blame the son for being extremely resentful and upset with mom after hearing that if he didn’t already know.
He is setting her up to be told, "I did help you. I told you x, I took you to Cakeb, and he said Y, and yiu got a plan for Z..." come her retirement etc. He'll also be able to say "Ask your daughter for help. You took out debt for her. I didn't get any of you spent on me."
I think it's important to have these older guests on to see that you can't make bad financial decisions for 30 years and hope to make up ground from 50 to 60 and retire. You have to start young because retirement at a reasonable age is going to be an absolute pipe dream if you don't.
Ya, I’m in my late 30s and although I wasn’t in debt in my 20s, I wasn’t able to save because I was a single mom of two with no child support. Fortunately, I lived off NOTHING and saved for a house. Sold that house after 3 years and made 80k cash. Bought another house and now make 150k a year while hubby makes $75. We are still SOOO behind on retirement though
$185,000 a year would change my life and you better believe I wouldn’t dig myself into $400,000 of debt. Holy hell. Thank you for the reminder that it’s not about how much you make!!
As she may be headed into bankruptcy, unless she confronts her spending she will be right back where she is. I bet she will get a bit of a comment from the judge as her debt is due to luxury spending, not job loss or medical debt or low income. I hope she can change.
Her daughter is probably going to read this, but she is a leech....respectfully. Wanna live your life on your terms? Stop using your mother's money when she has no money herself. You are not entitled to your mother's money and you are using her love for you as a crutch. You are the problem....respectfully.
I know my mom loves me but she doesn’t believe in debt so she didn’t have money to help me. I’m glad because she’s 100 financially secure in retirement
I was upset about the daughter at first but after getting through the episode, who cares. Her mom is bleeding herself dry. If she didn’t give her daughter $250 for target, she would have just blown the $250 elsewhere. I don’t even feel bad anymore
I like how this title and thumbnail aren’t demeaning towards the person, hopeless, and don’t make Caleb look bad either. Just an epic image that reminds me of a movie poster and a hopeful title.
That son definitely saw all the bad decisions his stepdad and mom made growing up and played the largest NOPE card ever. Sadly if she doesnt get her life together he's gonna be the one taking care of her. She talks about guilt complex but doesn't seem to see that possibility as a massive looming guilt.
Yupppp same as my fiance. Parents were idiots with their money and now he's learned from their mistakes and is extremely smart with his money. But he worries every day about how they will survive when they're older
Caleb, last month we paid off all of our debt, and we still owed $1.38 the next month in interest. So glad to be out of that trap, this show has really opened my eyes, thank you pookie! ❤
The situation is nearly unfathomable. Even if she isn't responsible enough to invest, she should have ~$5k cash every month to blow on whatever her heart desires. I cannot and will not understand her position.
Gosh this reminds me of my family. The siblings who constantly let folks down get rewarded with safety nets and whoever is doing well and handling things gets cut off cause they don't need it. Your kids see this, Sylvia.
This episode gave me so much anxiety lol. Makes me want to cut up my credit cards even though I’ve never owed interest on them in the 20 years I’ve had them.
A long time ago, one of my bosses told me she never wanted to hear the word “should” from her team. “I should be able to do it” “it should be ok” etc. Deflects accountability. This woman says “I should be able to” a scary amount of times.
Pastor's kid here who grew up in the church and saw the business side of multiple churches across the country of varying sizes. Tithing is not something she should prioritize right now. I promise you, if your church is encouraging you to disregard your financial situation and tithe the money first regardless of your situation, this is not correct. That's prosperity prophecy and it's a nice way churches make more money off of their congregation. Do not let them use the story of the woman giving the last of her coins persuade you to give when you have so little. In the stories case, she was cared for by her church and community, in this guests case, it is very unlikely the church will step in to help her with her debts. Please stop tithing until you're in a better situation, even Dave Ramsey recommends pausing tithing until financially sound.
I grew up religious and I've never seen the amount of preaching around tithing like it is now. Recently attended my brother's church and the subliminal (as well as overt) messaging around tithing has become insane, and it's wholly obvious with people like this that it's no longer a gift back to God but instead reparations for your sins. Just like the rich man that came to Jesus begging for heaven there's no amount of money or giving that will get you there and yet I see it preached in churches every day. I could care less where people want to dump money, but when megachurches are rampant in cities filled with the homeless I already know their tithes aren't going to the right places, they love to take a trip to Haiti yet they'll let their own communities still suffer.
I see your point but I think you’re missing the point of tithing. Tithing is reliance on God. It’s an act of prioritizing God over money or prosperity. You can pay off debt and tithe at the same time. However I would totally disagree with someone who says you have to tithe to a specific place or organization or says you won’t go to Heaven if you don’t tithe.
Catholic here. General guidance is to tithe 10% of your yearly income, sometimes they put it as "keeping the Church between your electric and gas bill". If you can't do that then tithe what you are comfortable doing. If you can't tithe then don't tithe because your personal and family's well-being is more important. It means so much more when you see those tithes going to good work and being given back to the community. When my wife and I fell on hard times our Parish provided diapers for our son and even food for us. They even gave us everything we needed to celebrate thanksgiving that year. Wouldn't have been possible without other parishioners tithing. When I'm finally out of my debt I'll be budgeting for tithing because I know we weren't the only family benefiting from the Parish's services which were funded by tithes.
whenever there's a divorce on the guests rap sheet, Caleb really needs to ask what was the financial settlement from the divorce, which direction the alimony and child support goes. who got the family home, who kept the car or cars, there's so many relationship issues that have major financial ramifications. that frames the conversation so much.
Caleb's entire mindset around kids is bizarreto me--especially in a break up. A gues who has daycare comes on and Caleb immediately asks why grandma isn't free daycare--even if it's a couple. If it's a single person, he'll ask about grandma as daycare BEFORE he'll ask about another parent. It's gross. I've seen several guests (male and female) without custody who don't pay CS and Caleb just ignores it. One gues said of his ex and no CS, "She gets welfare" and Caleb was like "Cool." And just let it go. He'll yell at a guest for 15 mins over defaulting on bills but never shame them or yell because they are defaulting on their kids.
@@MissMosierable his job isnt to make sure they pay child support, its too help them get out of debt. If the state/mother doesnt make the guest pay thats not his problem.
@@MissMosierableCaleb isn't here to be the judge on if people are good parents. He's here to call them out on their finances and to make a plan to help them get out of debt.
@joshn0524 No, he rants and screams at people who default on debt because they have a responsibility to pay the debt they took on and said they'd pay when they signed a contract. He'll bring up their word as a man/woman and their ethical obligation as a reason they should pay. As soon as someone comes on with kids, he tries to push the responsibility the parents have to care for their kids off onto anyone else altogether ignoring the ethical obligation a parent has to provide a basic standard of living for their kids. It's hypocritical to rant about a moral obligation to Calital One and not a kid the person created.
@alpaca6462 I find it extremely hypothetical that he will inherit fact judge them on every choice they make with money that's shit, but as soon as there are costs associated for having a kid, he finds a way to try and push those obligations off into others. He'll rant and screaming abiut the moral obligation to pay off at car loan, but ignores the fact that parents are morally obligated to provide a basic standard of living to their kids. He'll rage against the kids being a retirement t plan, but he won't acknowledge that said kids deserve food on the regular when mom or dad is like "forget about paying for my kids." It's gross and wrong. He cares more about a collections bill than reality live kids.
She is paid to prevent other people to use dirty tricks, so she must know a lot of those tricks, she is using that knowledge unethically, clearly wrong of course but clearly within her skillset.
@@mircomuntener4643 Well, you will find out when you do business with someone you knows who cheats (cheating is in a general context; for example not doing what someone is telling they are gonna do is dishonest). Even at a board game like monopoly or risk. Yes, morality is very important and I ask you now, why do you think it needs to be deflated?
“You have to work x many extra hours this month to make up for the interest and fees from last month” would be a great way to put into perspective how much these people are playing themselves. Before I buy anything I do this same math and ask myself would I work this many hours just to have this?
If she's really afraid her daughter will starve (even though she won't), the mom can give her a $100 supermarket gift card each month and be like, "That's it. Do the rest yourself."
With the little end credit of the daughter (JUST THE END CREDITS I did not watch the full after show) I could tell she's a bit like her mother with the blame game, I think if the son wasn't there to hold her accountable they'd both be in her mouth. Idk sounds harsh but the daughters voice pissed me off.
My tiny amusement that comes up every time, people don't mention their financed phone in debt. It ALWAYS comes up during the budget stuff, because they don't even consider that 2k they owe on their phone as debt.
Hey! I found your show just a week ago and have been binging ever since. These videos opened my eyes to $12k in debt I've been irresponsibly paying minimums on. I've already made a plan to get it all paid off in 6 months. Thank you Caleb!!!
1. She needs to get housing costs down to 1000 (two housemates in her current lease or into something cheaper or crash at son's house). 2. She needs to get transportation expenses down (get out of current lease into a lease of ~200/month or finance a cheap used car). 3. She needs to stop buying ANYTHING (except groceries and gas basically). This saves an extra 2k a month. Once the payday loan is done, that's another 2.5 k. So 4.5k to put towards debt/retirement. This is the only hope.
All of those. She has to file taxes for 2022, 2023 and soon 2024 while paying 2020 and 2021. With hardly no retirement at 50. She HAS to make more money.
@@MaanHabibi42 In Catholicism it would be. It's symbolic there (also a whole parish of $20 and suddenly you have hundreds of dollars, enough for the upkeep of the building, priest, and expensive clothing and trinkets they use). The church already has plenty of other ways to make money anyway. And the richest can easily be more generous than 10%. On the other hand, in Catholicism, at least the one I know, it's parishers cleaning the church for example, so instead of or besides tithing you can give to the church by cleaning it, gathering flower petals for the celebrations, reading the scripture during important holidays, sing in choir and do other things that are needed for the church.
@@tymondabrowski12 right?? if you really want to help your local church LEARN HOW TO PLAY THE ORGAN. Organists are a dying breed. Better than ANY tithe.
@@tymondabrowski12or pay your taxes and dont take loans which is literally the only time jesus ever lost his mind and got violent was with the lenders .. dont use a credit card if you're a Christian or trying to be one. He literally hated nobody and nothing and embrace every leper or sinner except the money lenders. You cant borrow money from the devil with one hand and then give it to the church with the other.
‘I try to buy happiness’ -- this is at the crux of most American’s financial issues. People need to realize stuff won’t make you happy. You can’t fill a whole in life with items, you can only do that with relationships, purpose, goals. I never understood why I don’t feel the need to impulse spend nearly as much as a lot of people around me. I’ve come to realize that it’s because I’m happy in my life and I’m not looking for things to give me dopamine
Just came to say I started watching your channel in January. I just finished saving for my 6 month emergency fund, and this year my financial score went from 2 to 5 and I’m so happy about it! I’ll keep working hard to go higher and higher! Thank you for helping me change my life and do this with your content, Caleb! You’re a true hero!
Congratulations! I hope you have a fully funded emergency fund for the prosperity of the baby. Also get started saving for your baby's college fund the moment you get out of the hospital!
@@ma356289college fund check emergency fund could be better but I’ve been sick ! My costs of meds cost 1k a month DX so we thought we’d be better off in 9 months then we were:) but we’re okay!
She doesn’t know how to handle self employment. I’ve seen it happen to a lot of people. They don’t put aside cash to cover quarterly payments and they end up with no money the next April to make the 5 or 6 digit tax payment. Then it just avalanches down the hill then next year.
Caleb, PLEASE release stickers to put on oue credit or debit cards! I would love a "why POSSIBLY?" or a "taquitos!" Sticker to put on my credit card and remind me not to make stupid purchases.
Her son has likely been trying to get her to stop, and this is cathartic for him. What a relief for the son when Caleb will holler at her for free, and give her access to "the best budgeting software on the internet". Oh, and a dog that just constantly barks isn't being given clear direction and leadership. People, tell your barking dog "calm down, and move back, I've got this" in the most calm way you can, please. Let the dog be chill and happy. Chill is happy for everyone.
@ToDiscreditOthers When you have eaten and are satisfied, praise the Lord your God for the good land he has given you. Be careful that you do not forget the Lord your God, failing to observe his commands, his laws and his decrees that I am giving you this day. Otherwise, when you eat and are satisfied, when you build fine houses and settle down, and when your herds and flocks grow large and your silver and gold increase and all you have is multiplied, then your heart will become proud and you will forget the Lord your God, who brought you out of Egypt, out of the land of slavery. He led you through the vast and dreadful wilderness, that thirsty and waterless land, with its venomous snakes and scorpions. He brought you water out of hard rock. He gave you manna to eat in the wilderness, something your ancestors had never known, to humble and test you so that in the end it might go well with you. You may say to yourself, “My power and the strength of my hands have produced this wealth for me.” But remember the Lord your God, for it is he who gives you the ability to produce wealth, and so confirms his covenant, which he swore to your ancestors, as it is today. If you ever forget the Lord your God and follow other gods and worship and bow down to them, I testify against you today that you will surely be destroyed. Like the nations the Lord destroyed before you, so you will be destroyed for not obeying the Lord your God. - Deuteronomy 8.10-20
People don’t seem to realize they won’t be able to work forever. And they may become sick, injured, or disabled at any time. I know. My husband became a quadriplegic 5 years ago.
This! My mom said she'd work till she dies and became disabled at 62 and had to move in with me and bleed me dry for money. My twin sister also claims she will work till she dies and has a massive stroke at 36. Idk why people keep saying they will just work forever. That's extremely optimistic and stupid. Most cannot do that regardless of how bad the situation is.
Or there could just be a more serious recession. Or changes in the job market replacing some jobs. Older employees are also more expensive and more likely to get laid off, and might have a very hard time to find a new job.
The mindset that really helped me when I was young was 1) the hours I had to work just to pay for things. In her situation, with all the interest accrued, she basically worked 2 months just to have that money ripped away from her. 2) realizing that store cards for sales is a scam. She basically said that the Nordstrom card was for the sale. But technically you didn’t save any money if you had to pay thousands extra for interest and fees. If I could make one suggestion Caleb it would be to draw a parallel for your guests on how much money they make an hour to how much they spend on garbage.
About the same salary my wife and I made, combined. We retired last year at 56, and 55 yo. ZERO DEBT. This lady is so far behind us, shes not even in the same time zone.
I love your channel. I hope these people follow your plans. My wife and I were close to bankruptcy 15 years ago. Now our only debt is the mortgage and we have a 9 month emergency fund. It can be done. You just have to make the hard choices.
For anyone whose curious, she has a debt to income ratio over 67% which is the highest I’ve seen on this show by far. Edit: If she saves money for taxes and her business expenses her debt to income ratio is about 82.2%
Thanks for doing that! It would be so cool for each guest to get a scorecard that included their DTI and savings rate and % of income going to housing, etc.
It's ridiculous that a) she hasn't billed for that 17k B) she hasn't gone to husband for the 40k house equity Problem is she's a push over and financially illiterate. She was laughing and joking only till caleb said her main option was bankruptcy. That was the only time she was visibility agitated about her finances.
Caleb, as a church employee, I always appreciate your approach to tithing. You respect their boundaries while informing them of the financial reality. And for the record, I would 100% encourage a church member of ours to get out of a hole like this before tithing, especially before bankruptcy.
I find this interesting coming from a church employee because I’ve sat in so many church services about tithing where the Pastor has said to tithe first before paying any bills and not once have they mentioned but if you have other debt to wait to pay the church until the other debt is taken care of and in fact quite the opposite. I’ve heard the Pastor say to tithe anyways, even if you’re in debt and God would provide. It’s crazy how the church exhorts people for money when people who can give generously already do.
I find this interesting coming from a church employee because I’ve sat in so many church services about tithing where the Pastor has said to tithe first before paying any bills and not once have they mentioned but if you have other debt to wait to pay the church until the other debt is taken care of and in fact quite the opposite. I’ve heard the Pastor say to tithe anyways, even if you’re in debt and God would provide. It’s crazy how the church exhorts people for money when people who can give generously already do.
@@stephanieburgess8217 There are a lot of layers to the church-giving discussion. We need to do better at recognizing different life situations, and help people get out of whatever rut they’re in, or help them manage the cards they’ve been dealt but can’t change. On the flip side, most churches are struggling to pay the staff (or property upkeep, which is the issue we struggle with) they need but are afraid to talk about it, or don’t know how to talk about it in a healthy way with their congregation. It sucks all around. It’s great to have a third party like Caleb to help.
Parent just don’t realize how their debt will affect their children even after death. My mother passed away from cancer at 51. She had 50k+ in collections and consumer debt. Her only asset was her house that she left for me and my brother in her trust. But on her passing, any of those companies could have asked for thejr money and me and my brother would have had to sell the house to cover her debt. Fortunately we were lucky enough that no one came asking and we were able to keep the house. Definitely a tale of caution.
"Why dont you have a Emergency Fund? "Im a Single mom" ... "How much do you make a year?" "180k". People are so quick to use real situations that make life hard for most people to get sympathy even when it is NOT THEIR ISSUE.
@@carried98 Well, to be fair, you can be a single mom even getting child support. If youre raising the child alone you're a single parent. The problem here is she making fucking 180K A YEAR
Crazy how she's using the single mom excuse when her kids are 22/23. They are well beyond capable of taking care of themselves. The hardest part (aka childhood) has been over for awhile. She makes waaaaaay too much money to be in her current situation.
Caleb, I just wanted to comment and say that by January of next year, I will have successfully paid of $55,000 in debt, between my student loans, my car (already paid off), my credit card (already paid off), and the interest on both. It's taken nearly three years, but I'm so excited to finally be debt free and looking forward to the future, financially. I'm finally going to be able to build that gaming PC I've wanted since I graduated college. Hats off to your show, this is pure entertainment.
Congratulations! So proud of you. That took an insane amount of effort and you did that. Enjoy that gaming PC (after you make sure you have the money in the bank for it)
It's a trap, she knows she's pretty and nice and sunny and doesn't really deal with stuff. I actually get a very tiresome vibe from her. I could be wrong, I hope I'm wrong.
Well I suppose that's how she gets away with it lol, people easily swindled, husband number 2 out of the way soon. The favoritism with the daughter is gross too.
I disagree. She's one of those guests who thinks she's cute, and has gotten away with a lot bc of it. She's my age and behaves worse than my 20+yr old with her money. Her income makes her situation beyond stoooopid.
Meh she pulled the single mom card but then said she's been married for 13 years and just split 3 months ago - and her kids are in their very early 20s and this is her second husband . . . She's actually not that honest
I'm 30 and a few years ago I saw my situation quickly becoming where this woman is and got my sh*t together! A few months ago I had multiple things come crashing down at once that wiped out my emergency fund plus more, and I panicked for a full day (obviously) but then remembered that I know how to get out of this and now have things largely taken care of and an emergency fund being built back up. I just hope you know how much you're doing for us Caleb, on just learning to look at money objectively rather than emotionally, and building confidence in finances in general 🙌🏼
▶I confronted her entitled BRAT daughter in today's post show... she put up a fight, but someone needs to stand up to her- watch here: th-cam.com/channels/Le_q9axMaeTbjN0hy1Z9xA.htmljoin
▶Bundle my budgeting program + investing program for 15% off: calebhammer.com/bundle plus get $100 in a cash gift for signing up to start investing!
▶Download the FREE Upside App at upside.app.link/hammer to get an extra 25 cents back for every gallon on your first tank of gas.
@@inthedarkwoods2022 fuck you it gets the message over more when he cusses. Also it’s apart of the brand
where are your post shows they dont seem to be up I only see 3 episodes so far are here, is the post show a members only perk? the link is a bit confusing
@@conormaguire690
post show is members only
Brother must be loving this - she pays for so much for his sister, student loans, phone, car insurance, target card, Walmart card - wow and she's older than her brother. Talk about spoiled
Automatic like before watching the video
Lord, if you just give me $185k salary I will not mess it up. Amen.
😂😂
@@haleyisbell4634 Amen!!
Same 😂😂😂
Thats what you think
@@lunaclassicmaxi9796lol I worry that I would struggle to control myself, but I feel like if I’m already thinking that way then will power probably won’t be too much of an issue
Son clearly grew up seeing bad financial decisions and thought, I don't want to be that
That’s how i am. Although i messed up bad with student loans, i strive for that to be the only debt i have ever and will ever have besides a house
nah, he's the not liked child.
@@SuperbChickenhonestly education isn’t bad debt
@selectidiot probably a combo of both. I was thinking the same thing
@@mmmmmmmm1942 depends on cost to potential earnings
her MINIMUM monthly debt payments are thousands more than most people’s monthly take home. absolutely insane
I love how I read everything in all caps in these comments in Caleb's high voice. MINIMUM
Absolute nightmare. I wouldn't be able to sleep.
@@hayow2624
It’s “MIIIIN - I - MUM!” 😂
Her money spent in interest this year is almost half of my yearly SALARY. I can't fathom this.
Her car payment is more than my mortgage payment 😵💫
"God will provide for me" reminds me of a story my Mom used to tell me. There was a man in a flood zone, and a car stopped and offered him a ride to safety. He said "no, God will save me." Later, a boat stopped by and offered to take him to safety, he said "no, God will save me." Then, trapped on his roof, a helicopter came by and offered to take him to safety, he said "no, God will save me." When he died, he asked God, "why didnt you save me?" And God said "I sent you a car, a boat and a helicopter, what more do you want from me?" Ma'am, God gave you a 180k salary, a son with a good head on his shoulders, and Caleb to knock some sense into you! Take the advice!
Yeah, my VERY religious parents always taught me God helps those who help themselves and Christ said those who do not work do not eat.
@hdw237 i don't know if I agree fully with that doctrine. God commanded farmers leave the edges of their fields unharvested for the poor. There's no shame in needing help, but I do belive God provides us with opportunities that we need to take and act on, and doesn't just drop money in our laps for sure. She has been given so much, so its important to think of how to use it, not just expect more, if that makes sense.
@fiveminutestolive EXACTLY. God didn't say harvest your crop, and prepare 20%, and hand deliver to the guy down the street who has some bs mental dx that he says means he can't work and to the single chick across town with 5 kids from 6 baby daddies who says she can't work because she has to take care of her kids.
But that's what the govt puts a gun to our head and forces us to do.
AMENNN!!!
That was on pursuit of happiness movie
when caleb said “if you go bankrupt…” and she replied “god will provide for me” my eyes rolled all the way into the back of my head. was god not already providing when he gave you a 185k salary and you burned it away like this? it’s too late for this lady tbh.
God is not going to provide for your stupid decisions to live way outside your means. This lady is delusional
I wouldn't say its too late for her. I have seen people in absolutely terrible situations turn their life around. However, as a Christian here, yes she has got to drop the "God will provide" line. This especially makes me mad when I hear that. I have heard that myself A LOT and 9 times out of 10 it was a way to try to say they didn't need to do anything different. It's not what the Bible says and it's a weak excuse to avoid personal responsibility.
💯 As a lifelong Christian and pastor’s kid, I see these people ALLLLL the time and it is infuriating.
@@d.olluwu Glad God provided 185K for her to burn and not, say, a few dollars for somebody in a poverty stricken area who’s skipping meals because they had to pay the electric bills and are broke until payday and what’s left is being saved for the kids.
THISSSS YESSSS 👏🏽
The other day my husband said he wanted Lo Mein and I asked him what would Caleb say 😂 and he started screaming “WE’RE GETTING LO MEIN ON LOW FUNDS?!”
Amazing haha
😂😂
This is amazing 😂
Tell him I'm stealing that one
This is a great pun but lo mein is like the cheapest, easiest food you can make. Just cook it yourself.
“I try to buy happiness.” Most profound statement of the episode. We all fall victim to this at times, and I bet it is the #1 reason for substantial debt in our country. This show has made me more aware of my spending habits, and I’ve realized my contentedness as a human does not come from bull$hit spending.
I am more content spending LESS money.
@@JaySmith-pv2mw I am actually super content spending NO money. I absolutely hate shopping. And it drives my wife insane. LOL
Yes, this, so much this. Money can prevent misery and suffering from not being able to pay bills but it can’t buy contentment, joy, peace, love, or happiness. And you could spend hundreds of thousands trying to buy what isn’t for sale.
Indeed 😊
I agree sums up my 20s and 30s in a crushing depression. Marketing takes advantage of our loneliness. Having to learn your prey isn’t fun. But glad made it out!!
This comment is for the 22yr old young man single handedly holding what is left of his family together through self sacrifice and hard work.
Having that kind of sense while your 185k mom blows everything is simply incredible
nope I don't applaud, the guy should cut ties And rescue himself. He's just destroying himself
Caleb (and team). I’m clergy (a pastor) and I’m sick of seeing people on here with terrible theology of giving. If you are in debt please don’t give to my church or any charity. And we love to help people get out of debt so they can be more generous.
That's how my husband was raised. His home church counted debt as a sin. People in debt were to offer service over money. The community helped people out of debt in hardship, but irresponsibility and lavishness was frowned on. People didn't live high, but they were mostly debt free and supported each other.
Our church also doesn't pay for Bible classes or study. That seems scummy, too.
Agree at debt free I now have the freedom to really throw myself into charity work and donations.
!!!! i think this makes you insanely noble. You must put your own life vest on first before even thinking about helping others.
God says to tithe 10%. He didn't say don't give if you're in debt.
Guilt
Spending 13k in a month seems so wild to me 😂 I put back a $14 book today bc I didn't want to spend too much
Lol relatable!
No joke, it’s the small things. And instant gratification.
Right, honestly I'm glad to not be rich some days because watching Caleb's channel has taught me that the more money people have the more they overspend
Good habits!!
I feel this lol
Keeping myself accountable by commenting my debt every Friday.
0% till September card: $13,020
Apple Card: $0
Car: $25,256
No progress since last week, but I get paid next week and should bring down my CC and car loan.
Had two job interviews since last week, but haven’t heard back since I think my schedule for my first job doesn’t align with what they’re looking for. Keeping my head up and focusing on this goal.
I know I'm a total stranger but I wish you the best of luck accomplishing your goals!!!! Great idea to post up to keep accountable that's really brave 💪💪💪
Love the transparency.
Keep it going
Thanks for staying accountable... and thanks for being a channel member!
Will be watching for future comments with lower debt numbers 🎉 You got this!
Props to you!! Keep it up
She owes $60k with the IRS and the debt is 5 years old. How have they not garnished her bank accounts?
She said she is on a payment plan. They won’t garnish if you’re paying at least something.
@ guess I missed that part. I thought she still wasn’t filing.
Not to mention they aren't gonna garnish 27 cents 😂
I like kinda-respectful-to-elders-in-a-crisis-Caleb. More wholesome and interesting than when he is ripping 20-30 year olds to shreds over the same things over and over 😅
I think this is the "I'm not mad, I'm disappointed" stage.
Seems like the "I have less hope but I'm gonna try" 😂
The difference is at least this lady said “yeah this is bad” and didn’t outright refuse recommendations for changes
@@adamseidel9780 most guests agree with that and all of them get yelled at anyway 😂
Great episode
50 years old, fat stack, TikTok shop in the intro, and almost 2 hours long?!
This is the sweetest treat! 😂
Indeed😊
And then the IRS debt comes.
And on a Friday!!
What's priceless: being a GenX guy just slightly older than this woman and having zero debt of any kind and far more money in the bank than she owes.
It’s the hardest episode sorry
I introduced my best friend to you! She thought she’d need to file for bankruptcy but she just needed to budget. Now when we are on the phone while doing MANDATORY shopping (groceries), and one of us sees something we don’t need we mention it and the other whispers “taquitos…….” and we drop whatever it was. When we’re super tempted we send the other a video with our hands in a prayer form going “Caleb hammer - Caleb hammer if you can hear me right now, please help me - I swear Caleb give me strength” and we avoid spending on BULLSHIT.
We are both moms in our early 30s and have cut our debt down by over 70% in just SIX MONTHS!!!!
Hahaha my husband and I do that too. When we sit down to our monthly budget and review the previous month, we'll tease each other if we see a $3 or $5 purchase and just yell TAQUITOS TAQUITOS TAQUITOS
😂🎉THE CALEB PRAYER LMAO I LOVE IT
AMAZING!!!🎉🎉❤❤
Have you heard of a sandwich?
@@samanthat7553lmaoo same for my husband & I. When we go over monthly spending we see those little gas station $ stops & say, “taquitos, in this economy?!” 😂😂😂
This is literally my mother and sister. My whole life my sisters gotten everything she wanted. Mom even paid for her college and wouldn’t pay for me to go. Now my sister is a heroin addict on the streets and I’m a marine veteran business owner. I say all this to say if she wants her daughter successful and her son not to resent her, she HAS TO cut the cash flow to her daughter off.
That's unfortunate you had to go through that. Glad you made it to the other side okay.
Been through the same
As a 45 year old I am watching very carefully. So glad not to see another 23 year old, no offense youngsters but sometimes we need to see a bad example of an adult who has decades of poor decisions behind them to learn something new. It’s so ironic she works in ethics and compliance lol
Especially when she’s not paying the GOVERNMENT 😮
@@sarikagoode1505She’s paying the government the hard way - with late fees, penalties, and interest.
Well at least we can be sure she isn’t accepting any bribes…
Absolutely. I’m 45 and love seeing people in my age bracket on here. This is was the younger generation need to see. This is them in the future.
Agrees! 48 years old and I drive a 2009 Honda. Only debt is student loans. It's astounding that her monthly payments are more than I earn in one month. Definitely hope she can turn it around. I panic thinking about retirement now and I have a decent little nest egg.
Hey Caleb!!! You might see this or not, but I wanted to let you know that I paid all of my debt off! I am... for the first time... DEBT FREE! 25 years old and ready to build properly this time.
You got this, 25 is the perfect time ⏲️
Congratulations and good job!
Great Job🎉!! Well Done !!
Congratulations 🎉
YAY!! I just paid off all my debt today too! Let’s go!!!
The way my jaw dropped when she said she makes $185,000 a year....
Same… Thanks for being a channel member!
Exactly what brought me to the comments. I was stunned to hear it.
It’s mind blowing making that much and having that much debt
Over 8 grand a month on bad debt.....
@@jmasey52dude rent is like 3k...
My eyebrows almost flew off of my head when she revealed the payday loan. A PAYDAY LOAN. And she makes almost $200K a year?!?!?!
first time i've ever heard of such a thing. I'll have to google it
NOOOOOOO NOT THE MLM KNIVES ON TOP OF EVERYTHING ELSE
My god
People pleaser. They are the easiest marks.
MLM spending should definitely be considered an infinity stone!
I know Cutco is an MLM but my mom has had their knives for my entire 20+yrs life and their free sharpening slays. Shes also gotten a knife replaced for free when it got messed up.
@@rebashhhh3448A lot of Anti-MLM channels say that most of the time, the products are decent if not good. But the problem isn’t (usually) with the products, it’s the predatory business structure. However, if the knives are in good use than I’m glad the purchase was worth it!
i need a picture of caleb on my debit card so everytime i’m about to buy taquitos its like he’s always watching
Haha not a bad idea
Ngl that sounds awesome 😅
That's a awesome idea. I need that like yesterday.
Do it! Thank you for being a channel member!
OMG what a great idea!
I got a serious ick when she said that her daughter can be scary...sounds like she's taking advantage of mom and throws a fit when she doesn't get her way.
I’m glad someone else picked up on that
In the post show teaser, daughter sounded like a complete B. Well, party's over, girl.
That's what 2-year olds do.
Yeh, hopefully she changes when she sees this episode, realising her mum is most likely going into bankruptcy
Yeah and when she said she dosen't always ask for money but sometimes she says she can't afford something.... how is that different?
Lack of boundaries is a big factor for a lot of guests...feeling compelled to say yes to friends, family, institutions like the church, etc. Knowing deep down they can't afford it but wanting to be generous. Learning to set boundaries and say no (even to oneself) goes a long way
You are so correct
I can see the difficulty, especially with an agreeable personality and the strong desire to please people.
Ever since I started watching Caleb, I really got my finances in order.
With Hurricane Milton, I had to tap into my emergency fund. It hurt to spend that much money, but I'm so glad I had it there.
I didn't suffer any losses or damages. So, my focus for the next month is to rebuild that emergency fund again. Not being broke is such a great feeling.
I’m so happy you’re safe and well!! Congratulations on doing great! ❤
Stay safe and so happy you had an emergency fund
On the bright side you had an emergency fund and had that safety net. Don’t worry about starting over again that’s what the emergency fund was for!!! Wishing best of luck to you on your journey!
What did you use your emergency fund for then?
@brightonuprach Extra supplies, plywood to board up windows, a generator, and a hotel room for a relative. About $1700 just like that.
From a 640 credit score to 806, $6000 in debt, to completely debt free.
Thank you, thank you, thank you Caleb for waking me up!
Ps. I’ve been waiting for this sweet treat for an hour now.
Congrats!!! Definitely this channel helped wake me up as well!
If you can afford it and budget for it, you can spend your money however you want. @@porkchopz-hq3ro
@@porkchopz-hq3rothis guy understands frivolous spending
Adnthanks for being a channel member :)
Serious question, how do you get your credit over 800 not having any debt? I’m at 770 and the only way it’s going higher is if I take out more credit cards or more debt. I don’t really care about my score, I’m not going to use it anytime soon. I’m just curious how you get an 800 without a bunch of debt
Losing 6k a year in interest on one card is absolutely insane… I can see why the son teaches Dave’s program
How do you get a credit card with 35% interest when you have a salary of $185K/yr??? Man, your credit must really be shot to hell.
@@ThrowItOnTheGrill I think sometimes it's not really based exactly on credit score and salary. I have a decent salary and credit score high 700's to low 800's, and many of my cards are at the max interest for some reason. Don't really care since I don't carry a balance but found that really interesting.
@@rjkbuny Credit score is generated by an insane bunch of 'rules". It took me a long time to figure it out. I learned a lot of it from a sub on reddit from a bunch of very helpful people. I admit my statement was not very well thought out because it used to be that people that had good jobs had some degree of common sense. Unfortunately, common sense is not so common, any more. Good for you on not carrying a balance. There are places now that are starting to charge a surcharge for using credit cards, passing their expense on to their customers... what a way to alienate your business' moneymaking.
This show has become the friend I need at 3 a.m. when I'm tempted to hit the Buy Now button. Truly the GOAT.
Dude same
After watching tons of these episodes, I will never envy another’s “lavish” life style. More likely than not , they are living the high life swiping that card and living on debt. I’ll continue loving my modest life debt free and without credit cards 🙌🏽
Same! I’m realizing my friends are probably all in insane credit card debt. I have some big goals this year financially and I’m doing it responsibly.
Yep. Watching people in my town drive around in Aston Martins probably swimming in debt, and here I am in debt free in my old CR-V 😂
It's been shown that so many tiktokers rent private jets or a private jet "studio" to flex. This is all an illusion. This crap kinda started with that "Lifestyles of the Rich and Famous" back in the 80s. People started to lap that crap up and I bet she was one of those people. It's only gotten worse with social media and FOMO. It should be FODID --> Fear of Dying in Debt
AMEN!!
@@HappyCat37I love my old crv too!!
She's funding the older daughter and will expect the younger son to pay her bills when she gets old. Son, if you see this, you have suffered enough for her bad decisions. You do not owe her anything and it is not your responsibility to take care of her.
The daughter is 22 and I thought the son is 23? But yes, bad habits seem to be getting rewarded. It is infuriating that the son who is good with his money gets nothing.
@@annemarie3636 It is the opposite. Daughter is 23, son is 22.
Wild thing to say about the woman that gave birth to him, took care of him his entire life, and is one of the few people on earth who will love him unconditionally (assuming those 3 things are true).
Her enabling of the daughter and reliance on the son are huge problems that need to be dealt with but the bond between mother and son is not something you stop feeling because a stranger on the internet told you to.
@@SovereignSmurfyou're right it's not something you stop feeling, but it is OK to feel that bond and feel sad when you can no longer help them.
This is as Caleb said, generational debt! It's horrible, I'm having to go through something similar, I'm not a religious person but I've been "tithing" about £500 a month for the past nearly 20 years to help my mum, she's out of debt now but I'm still paying because I can't see her go broke. She's making a little headway these days but not much.
Sometimes you have to say enough is enough and I wish him the best in this
@@perrinaybara8048yoh friend! Tithing to mum is so relatable 💔
185k salary in that much debt is wild
Yeah, especially when she could knock so much of it out easily…
She could easily live on 85K/year, clear her debt in a few years and save millions for her retirement.
@@SpookyBibi24 How is she going to save millions. She makes 120k after taxes and needs to pay back 400k. She is going to have to work into her retirement age to even touch a million.
My tween and teen pointed that out immediately. $185k * 5 is $925,000. She's blown $1,325,000 over the past several years. People don't factor their debt and missing income together in what they've blown. @SpookyBibi24
She's looking at death on the Walmart floor for sure if she doesn't change. @switchdeck9164
Single mom for 11 years 🙋♀️ built an insurance policy pantry, worked on credit, bought a house with 25% down, have a 6 month emergency fund, working on a 5% home emergency fund, have a 401k and pensions that I haven't tapped into, $0 credit card debt, $0 car loan, all the while making below federal poverty line.... dont give me the waah waah single mom BS excuse!
🎉 you’re amazing !
No excuses. I'm on your TEAM!! I raised my sons, bought a home, ZERO debt!!! Next step is to try pay off this mortgage early👏🏼
Congratulations 🎉. Xxx
You go girl !
How?! Help!
$400,000 is INSANE. We're not talking about a company, but AN INDIVIDUAL. What the fuck.
Ind33d 😅😅
Its an individual, her daughter, and her ex. She allowed it to happen, but it wasn't all her spending.
If it was like a house at low interest...
But this is just insane
And like it's not even big things like house or cars eating it up. It's all CC and after pay and other awful debts.
@@martini380 Exactly. Most of that interest is 25-30%+
I almost passed out hearing she brought in $11,000 last month... and spent $13,000. 😵
If I made over $10k a month, I could put myself on a path to early retirement. Jesus.
Seriously! Everything saving wise would be maxed out!
It's the minimum monthly payments and interest. It's massive, plus all the impulse buying. I dont think even stopping the impulse buying will help at all. So much debt
@@Silverwidows $8221 in MINIMUM MONTHLY DEBT PAYMENTS.
Kill... me...
Sadly, most people spend most of what they make, regardless of how much they make
@@alrightbro unless I had to buy a car or had some insane medical stuff happen, I’d never spend 13k in a month. I don’t thinks she is aware you can exist and enjoy life without hemmoraging money.
400K suddenly makes my last 3k of debt feel like a cakewalk!!
Indeed.
You can do it and it will feel soooo good once you're debt free :D
for real. I have $4.5k to go and expect to have it done by end of next year. light at the end of the tunnel, my friend!
Nothing like watching Financial Audit to feel better about your own situation!
Dude this perspective is so good for me too. Also, I have to know, what debt did you start with? We gotta celebrate that progress too!
Shit I have no debt and this show still makes me feel guilty for not saving enough 😭😭😭😭
Damn.... this made me feel like I have my life and finances completely together.
We've seen it before, but an even more extreme example to the 20-somethings who say "Oh, I'll deal with it later." This is later.
Yes!!! It's important to see these, so we can know what will happen to those people he talks to who think they can just work more.
@@jeni35 exactly!
Nailed it with that truth!!!
This is way past later though. It should’ve been handled at least 20% of the debt should’ve been handled.
that scares me 🫠
Monday Guests: "We have the fattest stack of debts ever seen on this show! Friday Guest: "Hold my purse"
And with all those credit cards, that purse be heavy 😂
@@Bri_momI'm certain it's a designer handbag from Nordstrom's that she put on her credit card.
Living paycheck to paycheck on a $180k salary and still thinks that she needs to drive a leased Benz paying $700 a month. People really love to appear wealthy to a bunch of other people they don't know. My uncle makes over a million a year, with only a couple of mortgages that he can afford, no other debt and he still drives a 2005 Ford Expedition.
I missed the Benz…sigh girl. Why maybe at 20 doing this dumb shit but 50?
This woman needs therapist to help her deal with her life.😢
You forgot $2500 a month for a 3 bedroom townhouse. Sister needs to downsize
Every time someone on this show says they have a Benz, I was to throw up. And they're here for financial reasons
With that salary its totally doable to lease a Benz, but not her with her spending habits over decades. She basically only works for paying interest to credits card companies.
The avg. American is having a tough time, I know I am not alone. There are others in same position as me. By certain statistics: 22% of americans have no retirement savings. 64% are worried that they will not have money in latter years while 47% of adults who are not yet retired think they have to work part-time in retirement. How can I best grow the 100k I have saved seperately outside retirement access which of course had depleted over the years?
Invest judiciously, keep a stop loss figure. Shuffle between debt and equity wherever the ratio goes too off your target. As for the target, I recommend a Ratio like this Debt % should be equal to your age in years. If you are 20, debt is 20%, reset in equity. If the market falls or rises drastically, your debt % will change, which you should rebalance to 20% and bring back equity to 80%. Thus you would have bought low or booked profit depending on if it was a crash or a bull run.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Marisa Michelle Litwinsky is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
Thank you for this tip. it was easy to find your coach. and I conducted thorough research on her credentials before scheduling a call with her. Based on her résumé, she appears to possess a high level of proficiency, and I am grateful for the opportunity to speak with her.
I just wanted to come here and say I paid off 6300 dollars of consumer debt as of today and I’m so thankful I found this channel and changed my life for the better
Congratulations! So proud of you.
Gr8🎉🎉🎉🎉🎉
Congratulations! 🎉👏
Congratulations! Well done 🎉
Nice work!!!
Episodes like this are so much more enjoyable (and watchable) for me than the ones that are more shouting and drama. Seeing relatively reasonable adults on this show really helps open my eyes to my own behavior as I can connect much more with them over the more obnoxious guests.
This is a perfect episode to show how people justify everything to themself.... Causing smart people to get into big financial issues
Yes, I have to click off the screaming ones cause it doesn't get anywhere
unus annus?
"Relatively reasonable" - has 400K debt while making 185,000/year 😆
@@stutijain3449 momento mori
This lady’s job is anti bribery and corruption consultant, her financial situation is a perfect set up to be bribed or steal from her own company
I would think a consultant who’s in absolutely enormous amounts of debt (including owing the US government) would be a liability to a company who’s hired her to manage their compliance!
Or the company she’s “consulting”.
@@sarikagoode1505the previous owner of the place we currently own (through bank foreclosure) was an RBS risk analyst :D and he was in the meanwhile moved(flee) from NL to the UK.
@@sarikagoode1505they just roll out these crappy online tests and forms to sign for employees there's really not much to it in my experience
"God will provide for me" - and I pay the church $400 a month but none of her loans - telling
To the lady in the video, I hope you read this. You’ve been through a LOT. I’m your age. Losing parents, divorce, moving. I know how you feel. You’re trying to cope with spending, church, you’re clinging to your kids. Please get therapy if you aren’t. You need a break emotionally to gather yourself and process what you’ve been through. God helps those who help themselves! Prayer is great (and free) but grieving and adjusting take time. You can turn your life around even at 50, I promise.
The daughter getting access to a credit card she doesn’t pay and the son not getting access just because he’s not a dumb ass is SO unfair and would make me sooo upset with my mom. There are things I have a sneaking suspicion my parents helped my younger brother with that they refused for me at the same age (co sign a car and fafsa for college) and that was a huge chip on my shoulder I had to get over. I wouldn’t blame the son for being extremely resentful and upset with mom after hearing that if he didn’t already know.
He is setting her up to be told, "I did help you. I told you x, I took you to Cakeb, and he said Y, and yiu got a plan for Z..." come her retirement etc. He'll also be able to say "Ask your daughter for help. You took out debt for her. I didn't get any of you spent on me."
My parents always told me, life isn't fair, and siblings will need different help at different times in their lives. You need to get it over it.
@@jamesross160Your parents were horrible parents then dude
@@kossettereaditte7552 yet wiser than the
@@jamesross160 your parents are also probably the type to cry about their kids not wanting anything to do with them. Reap what you sow.
Proof a high income won't solve your problems
Can't outrun a bad diet, can't out-earn bad financial decisions
Caleb: " you catch all the debts like they're Pokemon!" 😅
Or having a masters degree means you’re smart.
@@TH0KH Well, you technically can outrun a bad diet, but you can't outrun your knees 😂
She has paid more money in interest this year than the average household income.
WOAH
Yeah! She paid more interest this year than I make in a frickin year!
I think it's important to have these older guests on to see that you can't make bad financial decisions for 30 years and hope to make up ground from 50 to 60 and retire. You have to start young because retirement at a reasonable age is going to be an absolute pipe dream if you don't.
Ya, I’m in my late 30s and although I wasn’t in debt in my 20s, I wasn’t able to save because I was a single mom of two with no child support. Fortunately, I lived off NOTHING and saved for a house. Sold that house after 3 years and made 80k cash. Bought another house and now make 150k a year while hubby makes $75. We are still SOOO behind on retirement though
$185,000 a year would change my life and you better believe I wouldn’t dig myself into $400,000 of debt. Holy hell. Thank you for the reminder that it’s not about how much you make!!
As she may be headed into bankruptcy, unless she confronts her spending she will be right back where she is. I bet she will get a bit of a comment from the judge as her debt is due to luxury spending, not job loss or medical debt or low income. I hope she can change.
this is insane, I put back a $12 shirt at target because i’m like “hmm”, this could go towards my cell phone bill
Quite literally same. Even if it’s $5. I know when I leave 99% chance I’ll forget about it
@@MicLillygood social pressure to consume is strong.
So relatable today.
Her daughter is probably going to read this, but she is a leech....respectfully. Wanna live your life on your terms? Stop using your mother's money when she has no money herself. You are not entitled to your mother's money and you are using her love for you as a crutch. You are the problem....respectfully.
Indeed 😊
Nah, say it with your chest and be as disrespectful as possible she doesn't deserve any respect
I know my mom loves me but she doesn’t believe in debt so she didn’t have money to help me. I’m glad because she’s 100 financially secure in retirement
Her mom is going to be her problem in about 15 years -she'll be living with one of them soon
I was upset about the daughter at first but after getting through the episode, who cares. Her mom is bleeding herself dry. If she didn’t give her daughter $250 for target, she would have just blown the $250 elsewhere. I don’t even feel bad anymore
I like how this title and thumbnail aren’t demeaning towards the person, hopeless, and don’t make Caleb look bad either. Just an epic image that reminds me of a movie poster and a hopeful title.
That son definitely saw all the bad decisions his stepdad and mom made growing up and played the largest NOPE card ever. Sadly if she doesnt get her life together he's gonna be the one taking care of her. She talks about guilt complex but doesn't seem to see that possibility as a massive looming guilt.
It certainly won't be the sister
@@marycramer2650He'll be dragging both of their dead weight around.
Yupppp same as my fiance. Parents were idiots with their money and now he's learned from their mistakes and is extremely smart with his money. But he worries every day about how they will survive when they're older
Caleb, last month we paid off all of our debt, and we still owed $1.38 the next month in interest. So glad to be out of that trap, this show has really opened my eyes, thank you pookie! ❤
Congratulations
Congratulations! 🎉🎊
👏👏👏👏
Don't speak too soon HAHAHAHA
$8,200 per month in debt payments!?!?!?!?!? Not including mortgage?!?!?!?!?!?
And she audits businesses for ethics compliance.
At least she rents. Last thing she needs is a surprise plumbing bill
I was waiting for that tally and when it hit I jumped off the sofa and shouted HOLY F!
Talk about getting a goatse, holy moly, cerberus will be hounding 😂
Making 185k and not having $600 at your disposal to pay an important bill is NUTS
The situation is nearly unfathomable. Even if she isn't responsible enough to invest, she should have ~$5k cash every month to blow on whatever her heart desires. I cannot and will not understand her position.
Her debt clearly doesn't stress her out. Looks really good for age honestly.
No one who lives a life of delusion is stressed.
Ignorance is bliss, and all that I guess
Her hair is really, really nice. She genuinely looks good gray.
Agree, she looks great for 50!
She looks like a Bobbi Brown model or something, her skin is perfect. But she looks older than 50 to me.
Gosh this reminds me of my family. The siblings who constantly let folks down get rewarded with safety nets and whoever is doing well and handling things gets cut off cause they don't need it. Your kids see this, Sylvia.
My family is like that too.
This show makes me want to pay off debt, but I'm already debt free 😂😂😂
Lmfao right, I am learning to not feel guilty about my fun moneu
Invest into the S&P
Same here. 😅😅
This episode gave me so much anxiety lol. Makes me want to cut up my credit cards even though I’ve never owed interest on them in the 20 years I’ve had them.
You can pay off mine 👀😂 jk jk I’m well on my way
A long time ago, one of my bosses told me she never wanted to hear the word “should” from her team. “I should be able to do it” “it should be ok” etc. Deflects accountability. This woman says “I should be able to” a scary amount of times.
Pastor's kid here who grew up in the church and saw the business side of multiple churches across the country of varying sizes. Tithing is not something she should prioritize right now. I promise you, if your church is encouraging you to disregard your financial situation and tithe the money first regardless of your situation, this is not correct. That's prosperity prophecy and it's a nice way churches make more money off of their congregation. Do not let them use the story of the woman giving the last of her coins persuade you to give when you have so little. In the stories case, she was cared for by her church and community, in this guests case, it is very unlikely the church will step in to help her with her debts. Please stop tithing until you're in a better situation, even Dave Ramsey recommends pausing tithing until financially sound.
You a Mormon ?
I grew up religious and I've never seen the amount of preaching around tithing like it is now. Recently attended my brother's church and the subliminal (as well as overt) messaging around tithing has become insane, and it's wholly obvious with people like this that it's no longer a gift back to God but instead reparations for your sins. Just like the rich man that came to Jesus begging for heaven there's no amount of money or giving that will get you there and yet I see it preached in churches every day. I could care less where people want to dump money, but when megachurches are rampant in cities filled with the homeless I already know their tithes aren't going to the right places, they love to take a trip to Haiti yet they'll let their own communities still suffer.
I see your point but I think you’re missing the point of tithing. Tithing is reliance on God. It’s an act of prioritizing God over money or prosperity. You can pay off debt and tithe at the same time. However I would totally disagree with someone who says you have to tithe to a specific place or organization or says you won’t go to Heaven if you don’t tithe.
I find tithing to be so unbelievably hypocritical to the inherent philosophy of Christianity. What a silly, silly way to live your life.
Catholic here. General guidance is to tithe 10% of your yearly income, sometimes they put it as "keeping the Church between your electric and gas bill". If you can't do that then tithe what you are comfortable doing. If you can't tithe then don't tithe because your personal and family's well-being is more important. It means so much more when you see those tithes going to good work and being given back to the community. When my wife and I fell on hard times our Parish provided diapers for our son and even food for us. They even gave us everything we needed to celebrate thanksgiving that year. Wouldn't have been possible without other parishioners tithing. When I'm finally out of my debt I'll be budgeting for tithing because I know we weren't the only family benefiting from the Parish's services which were funded by tithes.
whenever there's a divorce on the guests rap sheet, Caleb really needs to ask what was the financial settlement from the divorce, which direction the alimony and child support goes.
who got the family home, who kept the car or cars, there's so many relationship issues that have major financial ramifications. that frames the conversation so much.
Caleb's entire mindset around kids is bizarreto me--especially in a break up. A gues who has daycare comes on and Caleb immediately asks why grandma isn't free daycare--even if it's a couple. If it's a single person, he'll ask about grandma as daycare BEFORE he'll ask about another parent. It's gross. I've seen several guests (male and female) without custody who don't pay CS and Caleb just ignores it. One gues said of his ex and no CS, "She gets welfare" and Caleb was like "Cool." And just let it go. He'll yell at a guest for 15 mins over defaulting on bills but never shame them or yell because they are defaulting on their kids.
@@MissMosierable his job isnt to make sure they pay child support, its too help them get out of debt. If the state/mother doesnt make the guest pay thats not his problem.
@@MissMosierableCaleb isn't here to be the judge on if people are good parents. He's here to call them out on their finances and to make a plan to help them get out of debt.
@joshn0524 No, he rants and screams at people who default on debt because they have a responsibility to pay the debt they took on and said they'd pay when they signed a contract. He'll bring up their word as a man/woman and their ethical obligation as a reason they should pay. As soon as someone comes on with kids, he tries to push the responsibility the parents have to care for their kids off onto anyone else altogether ignoring the ethical obligation a parent has to provide a basic standard of living for their kids. It's hypocritical to rant about a moral obligation to Calital One and not a kid the person created.
@alpaca6462 I find it extremely hypothetical that he will inherit fact judge them on every choice they make with money that's shit, but as soon as there are costs associated for having a kid, he finds a way to try and push those obligations off into others. He'll rant and screaming abiut the moral obligation to pay off at car loan, but ignores the fact that parents are morally obligated to provide a basic standard of living to their kids. He'll rage against the kids being a retirement t plan, but he won't acknowledge that said kids deserve food on the regular when mom or dad is like "forget about paying for my kids." It's gross and wrong. He cares more about a collections bill than reality live kids.
Not Caleb stopping in the middle of his thought to compliment her eyes. 😆 His randomly timed compliments are the best.
She is beautiful.
This lady seems like a sweet soul and she's spending to fill a need
Anti-Bribery Consultant with years of dodging the IRS...
She is paid to prevent other people to use dirty tricks, so she must know a lot of those tricks, she is using that knowledge unethically, clearly wrong of course but clearly within her skillset.
Being in debt is one of the main reasons people do dodgy shit
Why do people keep conflating finances with morality?
Taxation is theft.
@@mircomuntener4643 Well, you will find out when you do business with someone you knows who cheats (cheating is in a general context; for example not doing what someone is telling they are gonna do is dishonest). Even at a board game like monopoly or risk. Yes, morality is very important and I ask you now, why do you think it needs to be deflated?
Caleb, something I would love to see you do . Add up all the interest, penalties, and fees and divided by their hourly rate at the job they have .
“You have to work x many extra hours this month to make up for the interest and fees from last month” would be a great way to put into perspective how much these people are playing themselves. Before I buy anything I do this same math and ask myself would I work this many hours just to have this?
Your money or your life
If she's really afraid her daughter will starve (even though she won't), the mom can give her a $100 supermarket gift card each month and be like, "That's it. Do the rest yourself."
Good idea!
Correct
Nah. She needs to learn, not be enabled in a different way...
The kid makes MORE than enough to support herself...
This mother is just an enabler. She’s buying her daughter’s love.
With the little end credit of the daughter (JUST THE END CREDITS I did not watch the full after show) I could tell she's a bit like her mother with the blame game, I think if the son wasn't there to hold her accountable they'd both be in her mouth. Idk sounds harsh but the daughters voice pissed me off.
My tiny amusement that comes up every time, people don't mention their financed phone in debt. It ALWAYS comes up during the budget stuff, because they don't even consider that 2k they owe on their phone as debt.
Plot Twist: this is a Ramsey plant to finally break Caleb
She definitely sounds like one!😅😅😅
I wanna know who her son is 👀👀
Lol 😂
Hey! I found your show just a week ago and have been binging ever since. These videos opened my eyes to $12k in debt I've been irresponsibly paying minimums on. I've already made a plan to get it all paid off in 6 months. Thank you Caleb!!!
Go you !!! Be sure to update Caleb when you reach your goal 🤙🏾🎉
Loving the new thumbnail and title style! Very polished and professional, tbh I’m more likely to click on these than the old ones
Agreed! Plus they have a spooky month vibe to them on top of it.
Agreeed
1. She needs to get housing costs down to 1000 (two housemates in her current lease or into something cheaper or crash at son's house).
2. She needs to get transportation expenses down (get out of current lease into a lease of ~200/month or finance a cheap used car).
3. She needs to stop buying ANYTHING (except groceries and gas basically).
This saves an extra 2k a month. Once the payday loan is done, that's another 2.5 k. So 4.5k to put towards debt/retirement.
This is the only hope.
All of those.
She has to file taxes for 2022, 2023 and soon 2024 while paying 2020 and 2021. With hardly no retirement at 50. She HAS to make more money.
The tithing conversation floored me. No, the church does NOT need your tithe if you are declaring bankruptcy.
You think $5, $10, and $20 is a good tithe
@@MaanHabibi42 In Catholicism it would be. It's symbolic there (also a whole parish of $20 and suddenly you have hundreds of dollars, enough for the upkeep of the building, priest, and expensive clothing and trinkets they use). The church already has plenty of other ways to make money anyway. And the richest can easily be more generous than 10%. On the other hand, in Catholicism, at least the one I know, it's parishers cleaning the church for example, so instead of or besides tithing you can give to the church by cleaning it, gathering flower petals for the celebrations, reading the scripture during important holidays, sing in choir and do other things that are needed for the church.
@@tymondabrowski12 right?? if you really want to help your local church LEARN HOW TO PLAY THE ORGAN. Organists are a dying breed. Better than ANY tithe.
Tax is your tithe. She hasn't paid her taxes. At all.
@@tymondabrowski12or pay your taxes and dont take loans which is literally the only time jesus ever lost his mind and got violent was with the lenders .. dont use a credit card if you're a Christian or trying to be one. He literally hated nobody and nothing and embrace every leper or sinner except the money lenders. You cant borrow money from the devil with one hand and then give it to the church with the other.
People always think they will figure it out later when they’re older and more responsible. Here’s a perfect example of where that will get you
‘I try to buy happiness’ -- this is at the crux of most American’s financial issues. People need to realize stuff won’t make you happy. You can’t fill a whole in life with items, you can only do that with relationships, purpose, goals. I never understood why I don’t feel the need to impulse spend nearly as much as a lot of people around me. I’ve come to realize that it’s because I’m happy in my life and I’m not looking for things to give me dopamine
Just came to say I started watching your channel in January. I just finished saving for my 6 month emergency fund, and this year my financial score went from 2 to 5 and I’m so happy about it! I’ll keep working hard to go higher and higher! Thank you for helping me change my life and do this with your content, Caleb! You’re a true hero!
This is my last sweet treat till my baby is here! Count down to water breaking 1 hr!!!!!
Congratulations!!! I hope everything goes well with the delivery ❤
Congratulations!
I hope you have a fully funded emergency fund for the prosperity of the baby. Also get started saving for your baby's college fund the moment you get out of the hospital!
Best of luck!
Your baby is going to super financially responsible 😂🎉
@@ma356289college fund check emergency fund could be better but I’ve been sick ! My costs of meds cost 1k a month DX so we thought we’d be better off in 9 months then we were:) but we’re okay!
The stress from watching the debt stack up is gonna make your water pop! Good luck and healthy delivery!
Honestly despicable to make 185k but be years behind on taxes. Grow up lady!!
She doesn’t know how to handle self employment. I’ve seen it happen to a lot of people. They don’t put aside cash to cover quarterly payments and they end up with no money the next April to make the 5 or 6 digit tax payment. Then it just avalanches down the hill then next year.
Caleb, PLEASE release stickers to put on oue credit or debit cards! I would love a "why POSSIBLY?" or a "taquitos!" Sticker to put on my credit card and remind me not to make stupid purchases.
Because he doesn’t want you to buy something to make you stop buying because you’re just buying something!!(just imagine the high pitched voice)
@@laneyloony1685 But I'm out of debt! I swear! 😂😂
Permanent marker is free
@@laneyloony1685 He's selling t-shirts.
I would love this!!
I have never wanted to see a post show so much but man I'll have to come back to this video when YT memberships are back in budget
Her son has likely been trying to get her to stop, and this is cathartic for him. What a relief for the son when Caleb will holler at her for free, and give her access to "the best budgeting software on the internet". Oh, and a dog that just constantly barks isn't being given clear direction and leadership. People, tell your barking dog "calm down, and move back, I've got this" in the most calm way you can, please. Let the dog be chill and happy. Chill is happy for everyone.
Emergency fund coming in clutch with a baby on the way and my car recently needing ~$2k in repairs. Thank you Jesus
Thank you caleb*
So happy you’re prepared and congratulations 🎉 I’m waiting for baby #2 coming early 2025
Amen! Praise God ❤️
@ToDiscreditOthers
When you have eaten and are satisfied, praise the Lord your God for the good land he has given you. Be careful that you do not forget the Lord your God, failing to observe his commands, his laws and his decrees that I am giving you this day. Otherwise, when you eat and are satisfied, when you build fine houses and settle down, and when your herds and flocks grow large and your silver and gold increase and all you have is multiplied, then your heart will become proud and you will forget the Lord your God, who brought you out of Egypt, out of the land of slavery. He led you through the vast and dreadful wilderness, that thirsty and waterless land, with its venomous snakes and scorpions. He brought you water out of hard rock. He gave you manna to eat in the wilderness, something your ancestors had never known, to humble and test you so that in the end it might go well with you. You may say to yourself, “My power and the strength of my hands have produced this wealth for me.” But remember the Lord your God, for it is he who gives you the ability to produce wealth, and so confirms his covenant, which he swore to your ancestors, as it is today. If you ever forget the Lord your God and follow other gods and worship and bow down to them, I testify against you today that you will surely be destroyed. Like the nations the Lord destroyed before you, so you will be destroyed for not obeying the Lord your God.
- Deuteronomy 8.10-20
Thank yourself ❤ you did that!
People don’t seem to realize they won’t be able to work forever. And they may become sick, injured, or disabled at any time. I know. My husband became a quadriplegic 5 years ago.
This! My mom said she'd work till she dies and became disabled at 62 and had to move in with me and bleed me dry for money. My twin sister also claims she will work till she dies and has a massive stroke at 36. Idk why people keep saying they will just work forever. That's extremely optimistic and stupid. Most cannot do that regardless of how bad the situation is.
@@rebeccazeman9309 I’m sorry you have to go through that! It’s so difficult.
Or there could just be a more serious recession. Or changes in the job market replacing some jobs. Older employees are also more expensive and more likely to get laid off, and might have a very hard time to find a new job.
The mindset that really helped me when I was young was 1) the hours I had to work just to pay for things. In her situation, with all the interest accrued, she basically worked 2 months just to have that money ripped away from her. 2) realizing that store cards for sales is a scam. She basically said that the Nordstrom card was for the sale. But technically you didn’t save any money if you had to pay thousands extra for interest and fees.
If I could make one suggestion Caleb it would be to draw a parallel for your guests on how much money they make an hour to how much they spend on garbage.
Worst thing is daughter is the golden child, and Mother doesn't even deny it and laughs about it in front of the son.
she is a narcissist
@@rainbowbird1986 No she’s not, not everyone with bad habits is narcissistic 🙄
It feels like she's using everything in her life to justify her spending. Her kids =spending
Ex-husband =spending
Friend says hi= spending
About the same salary my wife and I made, combined. We retired last year at 56, and 55 yo. ZERO DEBT. This lady is so far behind us, shes not even in the same time zone.
She’s very much dying in a Walmart floor or getting taken care of by the son. Daughter dearest sounds like a right peach.
Congratulations on the early retirement 🎉
@@Knotaro_botthank you
Good for you
I love your channel. I hope these people follow your plans. My wife and I were close to bankruptcy 15 years ago. Now our only debt is the mortgage and we have a 9 month emergency fund. It can be done. You just have to make the hard choices.
For anyone whose curious, she has a debt to income ratio over 67% which is the highest I’ve seen on this show by far.
Edit: If she saves money for taxes and her business expenses her debt to income ratio is about 82.2%
Thanks for doing that! It would be so cool for each guest to get a scorecard that included their DTI and savings rate and % of income going to housing, etc.
It's ridiculous that
a) she hasn't billed for that 17k
B) she hasn't gone to husband for the 40k house equity
Problem is she's a push over and financially illiterate. She was laughing and joking only till caleb said her main option was bankruptcy. That was the only time she was visibility agitated about her finances.
Her debt to income is more like 200%.
Caleb, as a church employee, I always appreciate your approach to tithing. You respect their boundaries while informing them of the financial reality.
And for the record, I would 100% encourage a church member of ours to get out of a hole like this before tithing, especially before bankruptcy.
I find this interesting coming from a church employee because I’ve sat in so many church services about tithing where the Pastor has said to tithe first before paying any bills and not once have they mentioned but if you have other debt to wait to pay the church until the other debt is taken care of and in fact quite the opposite. I’ve heard the Pastor say to tithe anyways, even if you’re in debt and God would provide. It’s crazy how the church exhorts people for money when people who can give generously already do.
I find this interesting coming from a church employee because I’ve sat in so many church services about tithing where the Pastor has said to tithe first before paying any bills and not once have they mentioned but if you have other debt to wait to pay the church until the other debt is taken care of and in fact quite the opposite. I’ve heard the Pastor say to tithe anyways, even if you’re in debt and God would provide. It’s crazy how the church exhorts people for money when people who can give generously already do.
@@stephanieburgess8217 There are a lot of layers to the church-giving discussion. We need to do better at recognizing different life situations, and help people get out of whatever rut they’re in, or help them manage the cards they’ve been dealt but can’t change.
On the flip side, most churches are struggling to pay the staff (or property upkeep, which is the issue we struggle with) they need but are afraid to talk about it, or don’t know how to talk about it in a healthy way with their congregation.
It sucks all around. It’s great to have a third party like Caleb to help.
If only the $400 would make a dent in her situation, that'd be a whopping 3% in her monthly expense :(
Jesus also told a parable where the person who didn't steward their money right had everything taken away and they were tossed out (Matthew 25:24-30)
This woman is the future of a lot of the 20 somethings we see on this show.
If they’re lucky. Not many make 185k a year.
When I’m outta debt Caleb I’m coming back for this post show
Charging money to learn about the Bible is CRAZY. All biblical education should be free for all
People will charge (and pay for!) the wildest things. Imagine paying someone to fill out a FAFSA, but people do it all the time smh
Spoiler: religion is 99% scam. The 1% is the community networking between participants. But you do NOT need a bunch of made up mumbo jumbo for that.
You pay for the materials, not the classes themselves.
Paying money for this seems scammy.
...thinking the bible is education outside of being ancient literature is CRAZY...
Parent just don’t realize how their debt will affect their children even after death. My mother passed away from cancer at 51. She had 50k+ in collections and consumer debt. Her only asset was her house that she left for me and my brother in her trust. But on her passing, any of those companies could have asked for thejr money and me and my brother would have had to sell the house to cover her debt. Fortunately we were lucky enough that no one came asking and we were able to keep the house. Definitely a tale of caution.
You were lucky there was a house
"Why dont you have a Emergency Fund? "Im a Single mom" ... "How much do you make a year?" "180k". People are so quick to use real situations that make life hard for most people to get sympathy even when it is NOT THEIR ISSUE.
Also lots of people call themselves single moms when they get child support and shared custody.
@@carried98 Well, to be fair, you can be a single mom even getting child support. If youre raising the child alone you're a single parent. The problem here is she making fucking 180K A YEAR
Our HOUSEHOLD doesn't make half that annually... These people inflate their lives so bad.
Crazy how she's using the single mom excuse when her kids are 22/23. They are well beyond capable of taking care of themselves. The hardest part (aka childhood) has been over for awhile. She makes waaaaaay too much money to be in her current situation.
@@carnagerulez312And she's not even single yet
She needs a psychologist and a financial adviser. She seems to be self medicating emotional issues with shopping.
Caleb, I just wanted to comment and say that by January of next year, I will have successfully paid of $55,000 in debt, between my student loans, my car (already paid off), my credit card (already paid off), and the interest on both. It's taken nearly three years, but I'm so excited to finally be debt free and looking forward to the future, financially. I'm finally going to be able to build that gaming PC I've wanted since I graduated college. Hats off to your show, this is pure entertainment.
Congratulations! So proud of you. That took an insane amount of effort and you did that. Enjoy that gaming PC (after you make sure you have the money in the bank for it)
How much money Do you make?
@@AleksandraLempart-s3v 46K per year, 3,026 per month take home.
I found her to be very likable. I think her willingness to be open and honest was vital.
It's a trap, she knows she's pretty and nice and sunny and doesn't really deal with stuff. I actually get a very tiresome vibe from her.
I could be wrong, I hope I'm wrong.
Well I suppose that's how she gets away with it lol, people easily swindled, husband number 2 out of the way soon. The favoritism with the daughter is gross too.
I disagree. She's one of those guests who thinks she's cute, and has gotten away with a lot bc of it. She's my age and behaves worse than my 20+yr old with her money. Her income makes her situation beyond stoooopid.
@@purpurina5663agree. Tiresome is the word.
Meh she pulled the single mom card but then said she's been married for 13 years and just split 3 months ago - and her kids are in their very early 20s and this is her second husband . . . She's actually not that honest
I'm 30 and a few years ago I saw my situation quickly becoming where this woman is and got my sh*t together! A few months ago I had multiple things come crashing down at once that wiped out my emergency fund plus more, and I panicked for a full day (obviously) but then remembered that I know how to get out of this and now have things largely taken care of and an emergency fund being built back up. I just hope you know how much you're doing for us Caleb, on just learning to look at money objectively rather than emotionally, and building confidence in finances in general 🙌🏼