Ha yep, same here. I imagine his squeaky voice yelling at me and him slapping his hand on my kitchen table. He points to my coffee maker and yells for me to BREW my own coffee instead of buying a cup from somewhere.
This channel scratches a very specific itch. Its like a hybrid form of reality tv and informational content. This channel has been a favorite flavor lately. Keep it up Caleb!
I was just thinking this and how it's like Kitchen Nightmare but for finances. It scratches the same itch of wanting to see how bad someone situation is, but moreso wanting to see people improve their situations.
there is a danish reality tvshow based upon this concept that has run for a decade or more. its called the luxery trap. and its people who get 7/11 hotdogs every night. starbucks coffee every day at work and so on. the best part is that its almsot always a spending problem and not a money problem. they often make bank, and spend 4 times as much as i earn every month, but on junk and no value building. its my pet peeve.
@@FabermainExactly. An acquaintance couldn't figure out where all her money was going. Among other frivolous things, she was spending $350 a month at Starbucks and this was 25 years ago. There's a lot to be said for packing lunch, then make dinner at home. Works like a charm. 😅
I can't believe it took 34 minutes into the episode for Caleb to realize that she thought her student loans were 0% interest forever. That is a wild thought
They teach you during the Financial student loan orientation that you pay 0% while you are in school, but a couple years later it will start causing a lot of interest
@@PirateoftheTouYubeyup🥲 Loans and scholarships for masters students are trash; gotta have a plan to at least pay off your monthly interest before you start
Haha yeah… pretty scary. “Hey Ms. Director of Marketing… what’s the budget for this project?””Ummm… yeah how about we just take a loan and deal with it later?” Won’t go over well. And honestly, there are so many students that absolutely kill it at school, grades, following directions, checking off the boxes, but will not take a breath and color outside the lines to do something different or get the visibility to see that what used to be successful is not anymore.
@@eedre4864I'm not even that far into my college career and I already hate it. I take a few classes at community college and work to balance it out but the curriculum is crap, and I know it already. College is the easiest and most unfufilling education I've ever been a part of. Most times it come across as my professors trying to tell me what to think, as apposed to teaching facts and leaving the perception of said facts up to one's personal interpretation, it's bullshit and I can't stand it.
@justinrojas9088 Skip it. Get a generic but affordable Computer Science degree. Don't get a Masters unless your career path absolutely requires it. Then get relevant certifications. CompTIA A+, CompTIA Security +, CCNA, RHEL certs, CISSP, etc.
@@justinrojas9088 what’s the career prospects/what do you expect to gain from it? Cost vs reward analysis needed to gauge if it’s worth or not. I assume you already have a bachelors in Cyber, would a masters increase your expected pay that much more than the lost income now and the cost towards the degree?
Imagine thinking a PhD would get you a job in market research when you don't even understand interest rates or your own spending... These people are career students to avoid ever having to grow up.
This is the best description I’ve heard. I went to school with a lot of people like this. That have just perpetually been in school with no real goals towards anything.
A PhD is something you get because you want it - not because you need it. It’s more to fill the curiosity you have about life. Trust me I made good money in my career and it wasn’t because of the PhD, It was from the Masters’ in nursing. I got the PhD because I do believe in education and wanted to teach (which has always been a passion for me )after I retired (part-time)…its a great supplemental gig to Medicare and it keeps your mind in shape. I also believe those who go through one degree to another - don’t have the knowledge or bandwidth to understand what you learn in a PhD program…I always said it made it clear to me what I DON’T know about the world and life. People don’t become PhD’s for money - they are some of the lower paid jobs.
People learn at their own pace. I was originally going to say that I wish I had someone like Caleb tell me all this when I was 22, but I don’t know if I would have listened. When you’re young and naive, the world is your oyster and the future is full of possibilities, so you overestimate your potential and you ignore current problems. Still, she’s very lucky to have this session and hopefully she takes some of the advice. Best of luck.
Doesn’t even make sense. A lot of people own their own crappy car that they don’t need to make payments on but still go into debt. Debt is so much more than just a car loan
Caleb is an equal opportunity screamer. Goes up the same number of octaves with the quiet 22 year old MBA student as the guy in his 40’s living in a sober house 😂
I want to go on his show and spend like $400 on gems the month before, which I’ve never done before, just to get a reaction. “I gotta have my gems,” I might say! “It was a unique month, I knew I was coming in the show so I did this to irritate you.”
High School students should have to watch at least 10 episodes of this before they can graduate. Its ridiculous how many people have not been taught how finances work.
@@bubblewrapvillain it’s simple math. They taught this in my economics class. Kids don’t give af. Hate that “they should teach this in schools”. The information and arithmetic is not that difficult
She got student loans because she "doesn't want to feel the pain of it now." So she's basically screaming, "Screw you, Future Me, you life is going to suck for decades of loan payments because Past Me wanted to get nails and coffee!" $800/month for 10 years is going to suck when she's already established self-indulgent habits of eating out for $500/month. When she's 30 years old and spending $1300/month on debt, she's going to wish she had changed her behaviors earlier. Learn some discipline, girl! Tell yourself "no" now so you can tell yourself "yes" later. Stop screwing over your future self!
That was my mentality too when I was younger but it was mostly because I was afraid of working because I suffer with social anxiety. I’ve always been frugal about my spending though
This happened to a lot of my friends and my sister. They just go for max student loans and live life basically assuming that in the future that 500 dollars will be easy to pay since they will have a good degree and a good job. And sure, they did end up with a good degree and a good job. But 500 dollars is still 500 dollars. And with a mortgage and kids it really is not that easy to pay off the debt. The debt they did not worry about as students is still a monthly headache today.... for ALL of them.... until their late 40's. More importantly, their poor habits and lack of financial awareness carried over into their life past college for some of them. Which compounds the problem.
It takes a humble person to come on this show, so respect to her. I just thought it was interesting she wanted to get into consumer research because she is the ultimate consumer! Like the accountant with a gambling problem. I wish her luck!
Caleb, your videos have helped me so much with figuring out why I'm always struggling paycheck-to-paycheck! Yes, there are some legitimate "life factors" that I'm up against, but my main hurdle to overcome is... ME! My willingness to take the "short-term easy way out" versus make the tougher, but better, long-term choices. I started watching ~2 months ago and while I still have a long ways to go, I have since: - Gotten a raise at work - Almost paid off my (atrocious) car loan - Recalibrated my monthly budget so that I'm no longer hemorrhaging money like a wounded animal. Thank you for everything that you do, and thank you to the brave guests who make it possible. Y'all are inspiring so many!!
Ok so true story,after college a friends fiance seemed like he did not work. He didnt he had a trust.and if he lived within it he didnt have to work.. that was 1982.. i t was another motivation to retire early live off of dividends interest etc.. My savings would pay me monthly and at year end.. always pay yourself first.. so later in life you are not the work bitch.. Motivation.. or not its up to you.. but think of the freedom..
Caleb please do an analysis every once in a while of someone who is doing most all things correctly and responsibly. It will be good for our blood pressures.
@@someone-ji2zbto get confirmation that they indeed are doing things right. I’m sure you’ve seen many episodes where people give themselves a high score in the beginning only to end up with 0/10 or close to that. I personally would love to get a financial audit done!!!!
I started a market research company in 2016 that is now doing well. When we hire, we do NOT look for graduate degrees. A bachelors degree is usually more than enough to be hired in market research.
I can't believe how un-bothered she is about being 50k in debt. To be completely honest, I have a feeling she has friends to keep up with and an image on Instagram to keep up with. We shouldn't feel the need to keep up with anyone on social media. Edit: Thanks for all the likes!
100% when she said she has a personal trainer and has had lip injections and her being early twenties and not even wealthy it sounds likes she compares herself too much to IG influencers
Maybe it’s just western culture but 50k in student loans doesn’t feel that scary. That’s around how much I used to have and I never worried about it. The only debt I’ve ever had is student debt. I knew I’d pay it off and for some reason, it just feels less scary than a credit card or car debt. Maybe it’s a mental thing but I just looked at is as I needed the degree to start my dream career and I never had the money upfront or to cash flow. I’m currently paying it down semi-aggressively and it doesn’t bother me at all. I’m super frugal otherwise. Everyone is different 💕
@@leahmcdermott4189 The problem with that attitude is that like the girl here she takes on way more than she actually needs putting her in a worth spot when she is finished. Sure it put you in a good spot but not seeing them as actual debt means you might end up doing stupid shit with the money. She will be 20-30k more in debt than she needed to be.
I’m 54. I’ve never ever financed furniture! Got married at 24 and we had a bare mattress on the floor, a camping lantern, a dumpster table, a futon that was gifted to us for a couch and shelves made of cinder blocks and wood planks. 😅
She is the exact reason why an MBA has no value anymore. She has no concept of money or finance. You dont need to know everything but she seems to know nothing. She doesn't even know that her student loans have interest.
2 years post PhD and I highly HIGHLY discourage anyone from getting one unless they are okay with a job of passion and not for the financial compensation
Me too. A PhD is not worth it nowadays. You will lose out of many growth years in a company and will probably not earn those losses back if you leave academia (which most will do).
I am in the stupid high student loan boat. I wish student loans weren’t as normalized as they are. The whole push that you need to go to college was just a massive scam.
@@juliansutton5819I don't think I've ever heard anyone normalize student loans!! It's as easy as, what degree could you benefit from , and is that degree even worth the price. Then you have to take into consideration the job market. College debt is 100% dumber than car debt !
Her ideas about going to school are so sad. She's already far into the "forever student" pipeline. "I'll just get my PhD, they'll pay me for it all!" She's going to another 30 year old with 120k in student loan debt, making 50k a year wondering how she'll ever have a normal life again not weighed down by debt. "Maybe I'll just go back to school again...." she'll say.
I have friends who got masters, are $110k in student loan debt, and making $46k a year. Their plan is to just make minimum payments and what until it times out in 25-30 years.
@@catz7679 If you can, warn them to save up for the IDR tax bomb... Income Driven Repayment "forgiveness" counts as taxable income in the year the loans are "forgiven." Owing the IRS is not better.
Not to mention if she wants to be a mom. It’s crazy how many peers I have that went to school for 6-8 years just to work 2-3 years then slow down by working reduced hours or even leaving the workforce completely to be a parent.
I got my kids a pile of frozen foods and an air fryer to get them off of their Ubereats addiction (funded by their father). We are working on breaking their bad habit before they have to fund it themselves (I also cook, but sometimes they want something different).
She reminds me of my best friend, whom I love dearly, but the girl pulls in 7K each paycheck and has nothing to show for it but nails and hair and designer clothes she never wears… I hope she takes Calebs advice. I found this channel last week and I’ve really been enjoying it! My husband and I actually sat down last night and revised our bills spreadsheet so that we could add conditional formatting for the areas we want to have a strict budget on! We just paid off our credit cards in May, so now our focus is the vehicle and my student loans! Thanks Caleb!
She is all over the place (I want to work in government, I want to teach/professor, I want a job), which is not surprising given being 22. Recommendation: get a real job (with benefits) and make some money (add to a retirement account) and figure out what you actually want to do while gaining valuable experience. Don't just get degrees to get degrees. Adjunct professors (what she's talking about here) make very little money doing it.
@@Monocultured01 Yes, it was a lot easier 10-20 years ago. I topped out at $31K for my PhD stipend and given where I lived I was actually able to buy a house on that ($126K). But many PhD programs (for non-hard science areas) won't even pay that much now.
I have seen business professors who make a very lucrative consulting side hustle. Maybe she’s thinking of that. That and engineering are the only types of PhDs that have a return.
it's not just Americans, you can't just pin it on one group of people. The entire commonwealth, Korea, and most Scandinavian countries have way worse household debt to GPD ratios to America. Japan is right behind the US. There are 12 countries worse than the US for debt.
@@Peglegkickboxer I guess mortgage debt is different from credit card/ car loan debt. Here in the netherlands most people (if they can) will buy a house with 400k in mortgage debt.
Caleb lives in my head screaming "DEATH" and "DO YOU EVEN WANT TO PAY OFF THIS DEBT!??!" esp when I'm tempted to make a "BULLSHIT PURCHASE". I can't tell you how much these videos have helped my partner and I. Thank you, thank you, thank you. You have saved our futures.
@@manybothans450true because to be a full time professor is hard, it's a prestigious job, you need to be hired by the university department which will only want people with ample publications, and guess what they barely teach, the university prefers to hire adjuncts to do the teaching to pay them cheaply
A lot of PHD programs don't allow you to work over a certain amount of hours because they want you to focus on your PHD project. I hope she looks into that.
Many in the sciences don't allow you to work an additional job. And MANY PhD programs, especially in social sciences, etc, don't pay you much stipend if any.
Also, 66 credit hours is not necessarily a reflection of how long writing her dissertation will take. It can take years after you finish classes to complete and defend.
@@chuckchan4127 Most people shouldn't bother to get a PhD (and I say this as someone with a PhD). It's a very specific degree that should be for very specific jobs.
Lip injections? Personal trainer? Manicures? So easy for her to free up this money to pay off her loans. And she shouldn’t get a PhD until she has a few years of real work experience!
They told her a degree will get her more money. Fresh out of tradeschool my husband and I were making bank while our friends were struggling to find work, or had to go back to Starbucks to work because they didn't have hands on experience. ( _because they were not going to do an unpaid internship._ )
@@miffedcuttlefish6139it’s a well known fact that PhD grads almost never make good money. I don’t know where she’s getting these wild ideas from. PhD grads always get paid horribly and have second or third jobs out of necessity, not pleasure.
@@KM-mw3jp maybe she's thinking about useful fields like STEM? But she's not in a STEM field. I think she did mention that PhD grads have other stuff on the side, though, so she's not too far off base.
@@nicolcacola Not sure how that's ridiculous? If they have the money to pay it off then it's technically 'paid off' as far as net worth calculations because it cancels itself out. If the 1 in a million happens and his student debt were forgiven then that would greatly help him, like winning the lottery. It's the people who have 100k in debt, and 0 dollars in the bank account hoping it gets forgiven that are going to hurt themselves. If it's interest free there's no point in paying it right now.
@@dedalliance1 Exactly, I also have money set aside invested in dividen stocks to pay off my student loan. It’s gained the last two years a total of 24%. Now I’ll pay off my student loan that has since lost value and have some extra money set aside.
I really respect the people who are willing to come on this show. Lots of us are in similar situations but most would never be brave enough to talk about it in public.
this is wild thinking that professors work full time and teach because they can - no it’s probably because they HAVE to. i feel like she thinks she can get a masters and a phd and automatically get the dream job and not actually put in the work outside of going to school
Agreed. As someone who sits in when interviewing job candidates it’s become apparent that actual job experience(s) goes a lot further than excess schooling..imho
@randomgraham4302 yup. Places would rather hire someone with 10 years of real world experience and minimal to no schooling over someone fresh out of college with a piece of paper.
She has no idea how difficult it is to get a full time college academic position; you’re competing with a national pool of applicants with all levels of experience. I also run into people who think you can move to a city you like and get hired on as a professor at the university or college there. In reality you have to be willing to move anywhere, often to a place you had no thought of ever living. She also has an unrealistic idea of how much time is involved in full-time teaching. It could be she has some professors who are adjuncts teaching part-time and work for multiple schools or at other jobs. Or she may be thinking of professors at research institutions where there are some positions with lighter teaching loads but expectations of conducting research or other activities for the remainder of their load. There are fewer and fewer of those positions these days.
No tenure track professor has another 40 hour a week job because it’s so competitive. They need to use every minute researching, publishing, teaching,etc. she must be talking about adjunct lecturers and instructors who only teach and usually just do 10 hours of instruction a week. They HAVE to work another full time job to survive. Getting a PHD with the idea of being an adjunct and another full time job is insane. That’s years of your life not earning.
I found this channel last week and it’s affirmed everything I was figuring out on my own. I’ve spent my entire late twenties trying to correct all my mistakes from college and changing spending habits. Lately I’ve been concerned that I’m not doing as good as I could be, but this channel has shown me I’m on the right track and is such great inspiration to keep going! All credit cards, cars, and student loans are paid off and a fully funded emergency fund 😅 I’ll be 29 this month.
I found it really sad that out of everything she couldn't let go of spending money on it was lip injections. When she doesn't need them because she's pretty the way she is. We have totally brainwashed all of our children by obsessing over people like the kardashians into thinking they need to change their bodies at such a young age in order to look beautiful. It's disgusting.
@@ghillies4life According to a Google search some trainers do suggest options from both places. Personally if a personal trainer suggested eating fast food I'd be getting a new trainer.
Every time I go to make a purchase I ask myself, "do I need this or do I want this?" Surprisingly, I still spoil myself occasionally, but I save the majority of my money. I was especially tough on myself when I was in college. I lived at home, made my own lunches, never ate out, went to community college, worked every hour I could, and came out debt free. I didn't have a fun time, but I'll tell you what, it sure feels good spending my money and not worrying about some debt I owe.
I did the same still now. Im the only one from high school retired at 47. Live off of 65k still invest 12k or more. Most is invested i do not touch it.. ss at 62 so my investments grow. 80k in my emergency fund 12k checking and it grows .. hardest is first million after that it rolls.. never tell others you got millions or the beggers come out of woodwork..
Love watching these audits cause I gather all the small tips of each video to implement my budget and so far has been successful!! Thanks for your content and s/o the people that come on the show to share their side!!
With this channel me and my wife have created a budget where we will have all of our credit paid off by the end of this year that also allows us to spend money on the things we want in a budget and it has made our lives so much easier and I can't thank you enough.
I think its a famous quote that all you need to sell is a narrative. It's infuriating when the buyers start echoing back stupid narratives that they believe because they can't get out of because of the emotional and financial investment that they have made on to it. Student loans are absolutely the worst of the worst. The amount of mental gymnastics that these kids make to justify student loans is absolutely mind boggling.
Getting an MBA with ZERO business experience is a waste of money. Concepts mean more when you can retroactively, mentally practically apply them. She has no business having a real $56,000 car with her income, so her rationalizing is delusional.I sure hope her professors have Subject Matter Expertise from work experience. She has no work ethic, she just wants to coast.
@@TonyCox1351 The fact that she wants to be a perpetual student until earning her Ph.D. rather than entering the full-time workforce where she has to wake to an alarm and be "at" work for a specific time frame indicates that she isn't interested in starting in a position, learning the intricacies of the business and progressing as she gains knowledge and experience. Research in non-STEM topics is as easy as it gets.
@@ReddingRed She literally says she wants to work somewhere that pays for her PHD, meaning she would be working part time and going to school presumably full time. This girl has so many flaws in her spending, her finances, her understanding of debt, etc...to latch on to her being "lazy" while she's a 22 year old who works and is also in a full time masters program just reeks of you being a hater
She doesn't seem that irresponsible or spoiled to me. She looks more like immature, dreamy, like a kid. Her first paychecks didn't act as catalysts for growing up, but as pin money. I think she just needs a few more years in the real world.
Someone's already said it, but you should never take out debt for something that someone else is willing to pay for. Companies pay for MBA's all the time, and she'd earn a lot more than she would at any government job at the same time. Government jobs have plenty of benefits, but pay isn't usually one of them. Getting a PhD is a terrible idea for her because she doesn't know what she wants. She really needs to work in the real world for a minute before deciding she wants a Phd.
I love that you post as often as you do. I know it's a lot of work, but it honestly keeps me going through the week lol I love your videos, you're my favorite personal finance guy on youtube
I worked for the financial aid office for my last 2 years in college. I always informed students to pay off their unsub loans first before paying off their sub loans while in school. I was paying off my $11K student loans during the end of my 2nd year. With the interest hold, I double down and paid off my unsub loans and paid in full for my sub loans. I graduated debt free then also paid off my car loan of $19K soon after graduating. Came out debt free and saved up for my emergency funds of $3K. Got a high credit score and got a full-time job after graduating in 2021. It's possible to pay off the loans when the interest rate was on hold!!!
Caleb, you’ve inspired me to get my sh*t together and now I’ll be debt free by November 2024 and have a starter emergency fund. From one Caleb to another, thank you 🙏🏻
Caleb your videos literally drop when i go on my lunch break almost every day too (3x a week right?) but anyways it’s an absolute treat coming home on lunch break and watching these as soon as they’re posted
Caleb, I have several family members that worked federal jobs. Basically they have to sign up for a certain plan and they have to make every payment on time and they can never push any payments and once they make 120 payments on their special payment plan (it's income driven, I believe) and then they can apply. The issue is usually that they are not on the correct payment plan.
Not only that, you have to make 10 years of payments that are reduced based on your income, then they forgive the rest. You still accrue interest while you make these minimum payments, so if something messes up you have an even larger bill at the end.
Used to work in higher education, husband currently works there--becoming a professor is MUCH tougher than people think, unless you plan on scraping by a living in adjunct Hell. For every job posting with mediocre pay and a heavy workload, there are a boatload of applicants. We also got "paid" to go to graduate school, and it's not much--barely enough to live on, and that's if you budget carefully. Just a note for her so she is realistic about her goals.
In business fields it is much better. I just was in the marketing academic job market- I would say over 80% of fresh graduates get over 6-figure incomes in a tenure track position… it’s amazing how much things vary by firld
PLEASE do not get a PhD on top of an MBA without a specific job in mind. Find out what job you actually want - lots of people do market reserch without a PhD.
Its hard for me to even be mad at this girl personally. She’s on the no-plan student debt path, getting degrees she has no tangible plan for and taking out debt to go out and have fun. But they’ll give her all the student loans she wants for that and tell her she’s being smart when she’s actually ruining her future. You’re 18 and have never had to actually be a responsible adult and the system tells you it’s ok to just keep having no accountability and being a child. The student loan scam needs to END. Edit: I changed my mind, **** this girl, he gets through the whole budget and the first three questions she asks are “what about buying a house,” “clothes? Sometimes I just want to buy them,” and “lip injections.” Getouttahere.
I try to drill this into my 12yo all the time. I’m not for or against school but I do tell her the dangers of student loans and if she wants to go she needs to find something that makes money and carefully incur only necessary debt. Consider things like community college, scholarships, working part time etc. Truth is that I could fully fund her but I’m not going to. She needs to make it on her own like my wife and I did.
I mean when I was 22 I felt under immeasurable pressure to look and dress a certain way - which involved buying clothes frequently. I’m now 29 and I haven’t bought a single article of clothing this year. Last year I bought pyjamas and a backpack as my old one was falling apart. You grow out of it. But then again I wasn’t in 50k worth of debt at 22 so idk..
@@OShackHennessy Why would you purposefully make your kid's life harder? Isn't it the point of being financially stable to be able to provide for your family and give your kids a better future than what you personally had to go through?
@@dela2612 Being financially stable has nothing to do with how I raise my child. And I am not making my child's life harder I'm just not going to give her everything for free. She needs to work hard, be responsible, and make her own way. I give her the benefit of the knowledge and wisdom that I picked up in life and therefore she will have it easier than me because I didn't have that education. She currently has a roof over her head, 3 meals a day, medical care, all her essentials and loving parents. Giving her anything and everything will only serve to make her a spoiled brat in my experience. I don't know how old you are or if you have children but handing them everything does not help them grow.
These videos with Caleb keep me going. I started out with about $25,000 in credit card debt mostly from death of a business partner who had no life insurance.. It has taken me a year to pay down about $9,800..out of $28,000 after taxes income.(limited ability to sit or stand) Totally burned out some days.. inflation has not been my friend. I'm back on track. My goal for the next year allows for better nutrition.
Ive not seen a comment about it by anyone else, but wow is this woman lucky. She comes from money and a family in what sounds like an incredible spot. So she was given an extreme opportunity in life. Good to see she wants to be educated, and isn't going about it in a horrible way. Clearly uneducated in a lot of financial stuff, but she is really, really lucky. I hope she realizes not a lot of people gets to start life like she has.
Very blessed and grateful my parents positioned themselves in a way to give us a better life than what they had. That’s exactly why i want to get it together now. Thank you 🫶
Has almost nothing to do with education. She is just being lazy by not cooking, desires instant gratification over long term preparation, and has no self discipline to say "no" to something as stupid as a lip injection. I highly doubt this visit will change her lifestyle. She isn't magically going to start cooking and drop her doordash habits, nor is she going to stop spending extra on cosmetic crap like she kept harping on near the end. And she wouldn't shut up about the house thing lol... as if getting more debt to get a house would be a good idea while still in pretty hefty debt. Not to mention she is 22 and wanting to remain with her "boyfriend" an buy a house together, despite texas common law marriage revolving around witnesses being required that you agreed to it among other things needed for qualification if things go sour. So if her relationship fails post house buying, either the house is in his or her name, and either way she loses. She is immature plain and simple.
I work in academia and have a PhD. The only reason some professors work full-time jobs is because they are not full professors. They are usually adjuncts that need the additional money to live. An associate, assistant, or full professor will generally work 50 hours a week or more easily.
Caleb has helped me so much, making me realize I have an Amazon addiction and how much I spend on fast food and nonsense. I've managed to save $18k ytd because of him! Previously I thought I was doing well because I was debt free, except for a mortgage. Wrong! I also need to save for retirement.
This is exactly why I preach that schools after a certain point need to focus HEAVILY on teaching about finance, loans, credit, etc because so many young people are awful financially, make horrible decisions financially and don't think about the long term decisions all because they are "legally" an adult at 18 despite mentally still being a kid and their reasonings don't even make sense a majority of the time. This girl is a perfect example of that.
It’s not really a problem of mathematical awareness as much as it is accountability. Every aspect of our culture is built around avoiding any accountability for your actions and further actually justifying and affirming any poor choice you’ve made. The student loan scam happily encourages you to load up on as much useless degrees, financed eating out, etc., as possible without a plan of a return, and the system then tells you this is normal and wise. What we need is accountability, people actually taking care of themselves, being responsible for their choices… and the positive and negative consequences of those choices. But senior citizen adult Americans are as averse to accountability as any previous generation in history, so I don’t see a lot of hope there.
This will never happen. The government wants the people stupid and the states divided. They want us voting based on dumbass news media not on facts and truth
None of this would be possible without Federal student loans. What this woman and other students do with the monies they receive is bordering on fraud. Graduate and PhD's should not have access to addition funds. You already have a degree which you can use to work and earn your own money to pay for your continuing education.
Caleb it would be awesome to see the other side of the fence. Someone who has their finances dialed in but maybe needs to budget for a big investment or life change etc. Keep up the great content.
As a person that recently turned 30, I wish I had found a channel like this at 18. I've almost clawed myself out of the bad decisions I made in college. 😂
The most terrifying part of this episode was the fact that a 22 year old feels it’s necessary to get lip injections every year for the rest of her life… Stop injecting yourself with things your body doesn’t want or need! That goes for anyone not just her. It’s unhealthy and a waste of money
There was something weird about her apearance that I didn't figure out until she mentioned the lip injections. Why do people pay so much money to look deformed?
The best thing you can do is get quality face care and facials. I’m mid-50’s and I don’t have wrinkles…all thru taking good care of my skin. Once you start those injectables, you are stuck and you feel like you need more.
I love Caleb’s tumor analogy regarding cash-flowing grad school. I was 22 years ago. I see her point of view. Never had school loans but had plenty of other debt. Wish I had Caleb back then! ❤
Here is my personal opinion: I graduated college in 2018. I have a bachelors degree in Psychology. Honestly when I started school at 19, that’s what I wanted to do. I was young and told myself that I could “make a difference and change the world.” Well, I took some classes and went through some dark stuff and realized it wasn’t for me. I now have a degree in something I’m not using and no longer interested in. No student debt thank God. Thinking back on it now, I wish I went to a trade school or got a certificate in something that is 1. Demanding in the workforce. 2. Going to make decent money. I thought about grief counseling when I was in school. I realize I was going to take our more loans than what I was going to be making when I was out of school! No thank you! Also, at a trade school, you are studying exactly what you need to know. I took two years of general education requirements to get my bachelor’s degree. Don’t get me wrong, the professors were nice and the topics were interesting but I could have saved so much time and money by focusing on what I need to know. I found a program that only takes 8 months to complete and I can make very decent money. I will be working in the healthcare field, it’s demanding, and guess what? The cost is so much lower. I can’t wait to start. I’m waiting for my son to go to school so we won’t have to spend so much money on daycare. Daycare cost is outrageous here. Don’t get me wrong, we all need doctors, nurses, lawyers, etc and that requires paying for schooling. I just don’t want to be in student debt!
I’m constantly crying in Canadian watching this show. 😂 It blows my mind to see people who literally have to do nothing but not waste 500 dollars a month on crap to succeed in life. Anyone from Ontario/BC who doesn’t own a house yet (and most who do) will know what I mean. 😩 The good side, the hardship has helped me with financial discipline / caring more about family than material things.
💯You gotta make some sacrifices/compromises if you want to get ahead financially. I had to really limit my spending/going out for several months to scape together a 5% down payment for my first place in the GTA back in 2015 but it was totally worth it
@@TheNewSchoolGamer And that property has likely DOUBLED since you made those sacrifices & might not even qualify for a 5% down payment anymore. There is coming a point where hardly anyone can afford to make "hard sacrifices"
I've saved $10,000 since the beginning of this year, All because of Caleb's videos. Now I'm still spending a lot on fast food, but I got ZERO debt. Now try to change all that food spending on a retirement account.
Lol I feel it. Just find recipes that resonate with you and work with that. If you want to save even more money, just do the minimum: buy pasta, rice, bag of potatoes, etc. It's always do much cheaper not eating out. Just have to do what you can to make cooking fun. Lol
A good transition from buying fast food is getting tv dinners, and after that, making food in the oven or a crockpot to make food with minimal effort. Part of why you buy fast food is probably for the convenience factor, but if you try to do what I just said you can become healthier (since you can control what’s in your food more) and you will have more money to invest (the same money that you were spending on fast food) can now go to your future self. Like instead of spending $300 a month on fast food, if you threw it into an S&P 500 index fund in 10 years you would have a little shy of $58,790 (with dividends reinvested) in 10 years instead of just spending on stupid food that isn’t even good for you
It's that memorable line from Dave Ramsey: "Many people spend money they don't have to buy things they don't need in order to impress people they don't like."
I have an undergrad in marketing and an MBA, similar to her. I worked 30 hours per week during undergrad and was working full time and had my employer pay for my MBA. I would never go into academia though, because of the low pay. She's doing this all wronggggg! I swear that millenials (of which I am one) are obsessed with being eternal students. They're not thinking about the student loan debt that is going to ruin their lives, later on down the road.
Man, taking a loan to get a Masters just worries me so much. Not least because my peers who have Masters (MBAs) have not really achieved anything beyond that piece of paper. And colleges aren’t always the most up to date with tech or trends so I worry that by the time I graduate, the things I learned are near obsolete.
After getting bed bugs, I would never get used furniture such as a couch. With that said, I am still holding onto my very old couch since it's not important for me to get a new one yet.
"I can do this, i'm disciplined", Immediately followed by "idk if i can give up the lip injections" said everything about where this girls mindset is at.
Every time I want to spend money that isn’t in my budget, I just imagine Caleb getting squeaky and asking me what the heck I’m doing. 😂
"Getting squeaky " 😂😂
Hahahaha. Same here I tell them I dont want to get yelled at buy caleb 😂😂😂
Seriously! I can't guilty spend anymore (thankfully) because all I hear is him saying, "there's no excuse!"
What the “heck”? 😆 That cash register sound wouldn’t play if he was saying “heck”!
Ha yep, same here. I imagine his squeaky voice yelling at me and him slapping his hand on my kitchen table. He points to my coffee maker and yells for me to BREW my own coffee instead of buying a cup from somewhere.
This channel scratches a very specific itch. Its like a hybrid form of reality tv and informational content. This channel has been a favorite flavor lately. Keep it up Caleb!
I was just thinking this and how it's like Kitchen Nightmare but for finances. It scratches the same itch of wanting to see how bad someone situation is, but moreso wanting to see people improve their situations.
You have captured the essence of these videos perfectly
there is a danish reality tvshow based upon this concept that has run for a decade or more. its called the luxery trap. and its people who get 7/11 hotdogs every night. starbucks coffee every day at work and so on. the best part is that its almsot always a spending problem and not a money problem. they often make bank, and spend 4 times as much as i earn every month, but on junk and no value building. its my pet peeve.
Makes me feel like a financial genius. 😂
@@FabermainExactly. An acquaintance couldn't figure out where all her money was going. Among other frivolous things, she was spending $350 a month at Starbucks and this was 25 years ago. There's a lot to be said for packing lunch, then make dinner at home. Works like a charm. 😅
I can't believe it took 34 minutes into the episode for Caleb to realize that she thought her student loans were 0% interest forever. That is a wild thought
Lol she aint so bright
And she wants to be a freaking teacher
@@Princess.McBetch that's even worse , no way she'll be able to make payments
They teach you during the Financial student loan orientation that you pay 0% while you are in school, but a couple years later it will start causing a lot of interest
Why isn’t someone counseling her with these loans? She is young and naive. These loans will come due.
She is halfway to getting an MBA and doesn’t understand that STUDENT LOANS AREN’T 0%?!?!?!?!?!?!?!?!
you don't need to know anything about business to get your mba
-a business grad
Even worse than that, graduate student loans aren't even at 0% *while you are in school*. That's only for undergrad federal student loans.
You notice how she's smiling and laughing all of the time? She thinks that this is all a joke. The wheel is turning, but the hamster is dead.
@@PirateoftheTouYubeyup🥲 Loans and scholarships for masters students are trash; gotta have a plan to at least pay off your monthly interest before you start
The fact that she’s getting business degrees and has zero common knowledge about money gets me… is American education really that bad?
Honestly it’s not just that bad, it’s worse
Haha yeah… pretty scary. “Hey Ms. Director of Marketing… what’s the budget for this project?””Ummm… yeah how about we just take a loan and deal with it later?” Won’t go over well.
And honestly, there are so many students that absolutely kill it at school, grades, following directions, checking off the boxes, but will not take a breath and color outside the lines to do something different or get the visibility to see that what used to be successful is not anymore.
@@eedre4864I'm not even that far into my college career and I already hate it. I take a few classes at community college and work to balance it out but the curriculum is crap, and I know it already. College is the easiest and most unfufilling education I've ever been a part of. Most times it come across as my professors trying to tell me what to think, as apposed to teaching facts and leaving the perception of said facts up to one's personal interpretation, it's bullshit and I can't stand it.
Yes
Yes.
DO NOT pay for an unnecessary masters degree when you can get a full-time job with an employer who will pay for it! An MBA is the perfect example.
Yuuuuup!!!! My job is a large banking firm and they offer to pay schooling if you work full time for them
Thoughts then on a masters in cyber security? Specifically specializing in ethical hacking?
@justinrojas9088 Skip it. Get a generic but affordable Computer Science degree. Don't get a Masters unless your career path absolutely requires it.
Then get relevant certifications. CompTIA A+, CompTIA Security +, CCNA, RHEL certs, CISSP, etc.
@@justinrojas9088 A cert is probably worth more than the masters until you have some experience.
@@justinrojas9088 what’s the career prospects/what do you expect to gain from it? Cost vs reward analysis needed to gauge if it’s worth or not. I assume you already have a bachelors in Cyber, would a masters increase your expected pay that much more than the lost income now and the cost towards the degree?
Caleb is the Gordon Ramsey of finance
I like when that one awful dude called him “chef Ramsey meets Dave Ramsey”
@@zoopdefloop8651 that was the nicest that guy got. He's a perfect example of get out of your own way.
“This is sh*t” 🤣
Now that's a collab.
All these people needing to cook and pack lunches
Caleb’s “Oh, fuck you” whenever they attempt a justification cracks me up.
Imagine thinking a PhD would get you a job in market research when you don't even understand interest rates or your own spending... These people are career students to avoid ever having to grow up.
😂
The business professor who thinks student loans are free 🤣 Sign me up for her class!
This is the best description I’ve heard. I went to school with a lot of people like this. That have just perpetually been in school with no real goals towards anything.
Says the old man who can’t satisfy his wife!
A PhD is something you get because you want it - not because you need it. It’s more to fill the curiosity you have about life. Trust me I made good money in my career and it wasn’t because of the PhD, It was from the Masters’ in nursing. I got the PhD because I do believe in education and wanted to teach (which has always been a passion for me )after I retired (part-time)…its a great supplemental gig to Medicare and it keeps your mind in shape. I also believe those who go through one degree to another - don’t have the knowledge or bandwidth to understand what you learn in a PhD program…I always said it made it clear to me what I DON’T know about the world and life. People don’t become PhD’s for money - they are some of the lower paid jobs.
People learn at their own pace. I was originally going to say that I wish I had someone like Caleb tell me all this when I was 22, but I don’t know if I would have listened. When you’re young and naive, the world is your oyster and the future is full of possibilities, so you overestimate your potential and you ignore current problems. Still, she’s very lucky to have this session and hopefully she takes some of the advice. Best of luck.
being young and naive isn't the same as being stupid and unaccountable though
I agree
Took my til my mid 20s to figure out finances. 😅 my parents were ALWAYS trying to teach me but...I knew best, right?? Lol ugh.
Imagine your parents paying for car note, car insurance and health insurance, but still being in debt.
Welcome to the average middle class kid...?
@@josephdrury8579 No. Sounds childish.
@@projectxspectre The average person IS childish.
Her parents are enabling this behavior. They need to fall back and let her Adult.
Doesn’t even make sense. A lot of people own their own crappy car that they don’t need to make payments on but still go into debt. Debt is so much more than just a car loan
Caleb is an equal opportunity screamer. Goes up the same number of octaves with the quiet 22 year old MBA student as the guy in his 40’s living in a sober house 😂
I want to go on his show and spend like $400 on gems the month before, which I’ve never done before, just to get a reaction. “I gotta have my gems,” I might say! “It was a unique month, I knew I was coming in the show so I did this to irritate you.”
This is how you can tell the guy has perfect pitch!
💯
@@adamseidel9780 Instigator
I work in market research - girl you do NOT need all of this for a decent position, you just need to be detail oriented & inquisitive
She is not though so uh oh
She doesn't want to face her student loan debt yet, so off to school and more debt she goes.
@@kfitz192
I giggled at your comment!
The accuracy though 😂
@@GreatMindsSeekTruth me too 🤣
I'm sure she'll manage to find a way to rise through her career path...
High School students should have to watch at least 10 episodes of this before they can graduate. Its ridiculous how many people have not been taught how finances work.
Exactly!
this should be a class they have to pass in senior year with a 90 so to get them to understand.
It's on purpose. If you taught them how to be financially literate, banks would lose a lot of cash.
@@bubblewrapvillain it’s simple math. They taught this in my economics class. Kids don’t give af. Hate that “they should teach this in schools”. The information and arithmetic is not that difficult
Total agree with you 😂
She got student loans because she "doesn't want to feel the pain of it now." So she's basically screaming, "Screw you, Future Me, you life is going to suck for decades of loan payments because Past Me wanted to get nails and coffee!" $800/month for 10 years is going to suck when she's already established self-indulgent habits of eating out for $500/month. When she's 30 years old and spending $1300/month on debt, she's going to wish she had changed her behaviors earlier. Learn some discipline, girl! Tell yourself "no" now so you can tell yourself "yes" later. Stop screwing over your future self!
That was my mentality too when I was younger but it was mostly because I was afraid of working because I suffer with social anxiety. I’ve always been frugal about my spending though
This happened to a lot of my friends and my sister. They just go for max student loans and live life basically assuming that in the future that 500 dollars will be easy to pay since they will have a good degree and a good job. And sure, they did end up with a good degree and a good job. But 500 dollars is still 500 dollars. And with a mortgage and kids it really is not that easy to pay off the debt. The debt they did not worry about as students is still a monthly headache today.... for ALL of them.... until their late 40's. More importantly, their poor habits and lack of financial awareness carried over into their life past college for some of them. Which compounds the problem.
I can not afford to pay 10k out of pocket every semester…..
It takes a humble person to come on this show, so respect to her.
I just thought it was interesting she wanted to get into consumer research because she is the ultimate consumer! Like the accountant with a gambling problem.
I wish her luck!
hehe thank you 🤍 Got it to there and saved my 12k
Caleb, your videos have helped me so much with figuring out why I'm always struggling paycheck-to-paycheck! Yes, there are some legitimate "life factors" that I'm up against, but my main hurdle to overcome is... ME! My willingness to take the "short-term easy way out" versus make the tougher, but better, long-term choices.
I started watching ~2 months ago and while I still have a long ways to go, I have since:
- Gotten a raise at work
- Almost paid off my (atrocious) car loan
- Recalibrated my monthly budget so that I'm no longer hemorrhaging money like a wounded animal.
Thank you for everything that you do, and thank you to the brave guests who make it possible. Y'all are inspiring so many!!
Self accountability is a lost art these days.
Good for you!
Also look into investing as well using compound interest so you can be wealthy and retire someday
Ok so true story,after college a friends fiance seemed like he did not work. He didnt he had a trust.and if he lived within it he didnt have to work.. that was 1982.. i t was another motivation to retire early live off of dividends interest etc.. My savings would pay me monthly and at year end.. always pay yourself first.. so later in life you are not the work bitch.. Motivation.. or not its up to you.. but think of the freedom..
Good for you!! Thanks for some inspiration!!
Caleb please do an analysis every once in a while of someone who is doing most all things correctly and responsibly. It will be good for our blood pressures.
Why would someone doing things correctly seek financial guidance?
@@someone-ji2zbsecond opinion
@@someone-ji2zbto get confirmation that they indeed are doing things right. I’m sure you’ve seen many episodes where people give themselves a high score in the beginning only to end up with 0/10 or close to that. I personally would love to get a financial audit done!!!!
@@someone-ji2zb This is such a ridiculously stupid question lmao
Not to be an absolute Debbie downer but there's no way she's taking it serious after this and sticking to Caleb's budget
This is the type of episode that needs a follow up because the pieces for success are there but the advice doesn't seem to be fully reaching her
You're right she won't take this seriously. But, there will be a lot of people watching who are in similar situations, and change their habits
She’ll think about it at the nail salon.
Lip injections at 22 are a "MUST".
My thoughts exactly. She'll continue the same path. To hung up on keeping up with the Jones, like social appearances and misc "things".
I started a market research company in 2016 that is now doing well. When we hire, we do NOT look for graduate degrees. A bachelors degree is usually more than enough to be hired in market research.
The „I need an PhD because it’s market *research*“ got me giggling for a while.
Oh no she thinks a PhD is all about credits and will take 3 years 🤣🤣🤣
She really shouldn't do the PhD, it's not worth it.
I can't believe how un-bothered she is about being 50k in debt. To be completely honest, I have a feeling she has friends to keep up with and an image on Instagram to keep up with.
We shouldn't feel the need to keep up with anyone on social media.
Edit: Thanks for all the likes!
FOMO is strong with this one
100% when she said she has a personal trainer and has had lip injections and her being early twenties and not even wealthy it sounds likes she compares herself too much to IG influencers
A LOT of individuals share that attitude towards finances. “Money comes and goes!” I pity them, honestly.
Maybe it’s just western culture but 50k in student loans doesn’t feel that scary. That’s around how much I used to have and I never worried about it. The only debt I’ve ever had is student debt. I knew I’d pay it off and for some reason, it just feels less scary than a credit card or car debt. Maybe it’s a mental thing but I just looked at is as I needed the degree to start my dream career and I never had the money upfront or to cash flow. I’m currently paying it down semi-aggressively and it doesn’t bother me at all. I’m super frugal otherwise. Everyone is different 💕
@@leahmcdermott4189 The problem with that attitude is that like the girl here she takes on way more than she actually needs putting her in a worth spot when she is finished. Sure it put you in a good spot but not seeing them as actual debt means you might end up doing stupid shit with the money. She will be 20-30k more in debt than she needed to be.
I paid an extra 300 dollars on my credit card this month because of this channel and it felt so good
I’ve decided to pull money from savings to pay off the last of my credit card debt and I’m just so ready for the money to transfer so I can be done.
@TheRealCatofmaybe they’re working on paying off an overdue balance?
I have been able to save $13,000 just this year because of your help Caleb. Thank you for what you do ❤
🔥🔥 now thats what im talking ab thats wussup
Congrats 👏 keep at it
You did that 🎉 congrats!
That's absolutely amazing & good for you and YOUR hard work ❤
Congratulations. 🎉 Are you also debt free?
Every time Caleb says bulls**t an angel gets it’s wings. This man is doing the Lords work one audit at a time.
I’m 54. I’ve never ever financed furniture! Got married at 24 and we had a bare mattress on the floor, a camping lantern, a dumpster table, a futon that was gifted to us for a couch and shelves made of cinder blocks and wood planks. 😅
What’s painful is that in 30 years you encounter someone like this who can’t retire because they owe too much
Yea, the "this is a problem for my future self" mentality is exactly what the financial industry wants.
Her husband is going to end up paying for it.
And theyll demand more entitlements
Alas, it's 30 years later for me and I've met one-too-many people who will die heavily in debt . . .
@@mrscreamer379 Her boyfriend has more debt than she has so if he ever becomes a husband it will be even worse
She is the exact reason why an MBA has no value anymore. She has no concept of money or finance. You dont need to know everything but she seems to know nothing. She doesn't even know that her student loans have interest.
“You’re lazy with your taste buds” Caleb’s humor is 10/10 idc if it’s dry sometimes. Never change, congrats on the soon to be 500k
2 years post PhD and I highly HIGHLY discourage anyone from getting one unless they are okay with a job of passion and not for the financial compensation
Me too. A PhD is not worth it nowadays. You will lose out of many growth years in a company and will probably not earn those losses back if you leave academia (which most will do).
What fields?
I have maxed out my Roth for 6 years and it has only grown by like 3k. How is everyone else getting should major returns
I'm going to get a Ph.D. and be a professor and also get a second full-time job!
I just about did a spit take with my coffee.
Student payments is nothing like a car loan. It can never go away even if you file for bankruptcy 😅
But the federal government can’t take your stuff for the loans, thank you George Washington. Private student loans are death
I am in the stupid high student loan boat. I wish student loans weren’t as normalized as they are. The whole push that you need to go to college was just a massive scam.
Bro they are waiting for Biden to relieve them of student loan.
@@juliansutton5819I don't think I've ever heard anyone normalize student loans!! It's as easy as, what degree could you benefit from , and is that degree even worth the price. Then you have to take into consideration the job market. College debt is 100% dumber than car debt !
@@JoshHitti almost as much as car loans! People really just care about "I graduated from ...." " I drive a ....."
Her ideas about going to school are so sad. She's already far into the "forever student" pipeline. "I'll just get my PhD, they'll pay me for it all!" She's going to another 30 year old with 120k in student loan debt, making 50k a year wondering how she'll ever have a normal life again not weighed down by debt. "Maybe I'll just go back to school again...." she'll say.
I have friends who got masters, are $110k in student loan debt, and making $46k a year. Their plan is to just make minimum payments and what until it times out in 25-30 years.
@@catz7679 If you can, warn them to save up for the IDR tax bomb... Income Driven Repayment "forgiveness" counts as taxable income in the year the loans are "forgiven." Owing the IRS is not better.
Not to mention if she wants to be a mom. It’s crazy how many peers I have that went to school for 6-8 years just to work 2-3 years then slow down by working reduced hours or even leaving the workforce completely to be a parent.
@ARH Yup. I have told them it becomes taxable income and they don't care.
@Erin True. It's probably the later, even though they are paying off other things(lesser student loans and car), they don't think they can tackle it.
Every time I think about ordering food delivery I just think of Caleb yelling "death!" at me and I go make a sandwich instead.
Do it!! 😊 I approve food delivery 😂
I got my kids a pile of frozen foods and an air fryer to get them off of their Ubereats addiction (funded by their father). We are working on breaking their bad habit before they have to fund it themselves (I also cook, but sometimes they want something different).
Smart
what does a death sandwich taste like?
DEATH!
Caleb should offer wallet photos to give to people anytime we want to spend.
People need to get those cards where you can request the bg picture and have it just be his face
Nothing saved for retirement at 22 should not get the same zero score as nothing saved for retirement at 42. The latter is much harder to fix.
She reminds me of my best friend, whom I love dearly, but the girl pulls in 7K each paycheck and has nothing to show for it but nails and hair and designer clothes she never wears… I hope she takes Calebs advice. I found this channel last week and I’ve really been enjoying it! My husband and I actually sat down last night and revised our bills spreadsheet so that we could add conditional formatting for the areas we want to have a strict budget on! We just paid off our credit cards in May, so now our focus is the vehicle and my student loans! Thanks Caleb!
I have a friend like that too...sigh
7k weekly or biweekly? Damn, what balling job does she have?
She is all over the place (I want to work in government, I want to teach/professor, I want a job), which is not surprising given being 22. Recommendation: get a real job (with benefits) and make some money (add to a retirement account) and figure out what you actually want to do while gaining valuable experience. Don't just get degrees to get degrees. Adjunct professors (what she's talking about here) make very little money doing it.
That "getting paid to get your PhD" also pays dust. In my very expensive city, the living stipend for funded PhD programs is not a livable wage.
I want to be xxx when I grow up.
Time to grow up.
@@Monocultured01 Yes, it was a lot easier 10-20 years ago. I topped out at $31K for my PhD stipend and given where I lived I was actually able to buy a house on that ($126K).
But many PhD programs (for non-hard science areas) won't even pay that much now.
Yeah, adjunct professors have second jobs! Cannot live on their teacher’s salary!
I have seen business professors who make a very lucrative consulting side hustle. Maybe she’s thinking of that. That and engineering are the only types of PhDs that have a return.
The large tumor metaphor is spot on. Crazy how Americans love debt so much they are convinced it's actually helping them "avoid pain".
"The American Dream", if you will.
Yeah, sadly, having money in a checking account “in case you need to pay bills” while you have debt (aka bills) is too common.
The emotional pain of missing out on nice stuff haha
it's not just Americans, you can't just pin it on one group of people. The entire commonwealth, Korea, and most Scandinavian countries have way worse household debt to GPD ratios to America. Japan is right behind the US. There are 12 countries worse than the US for debt.
@@Peglegkickboxer I guess mortgage debt is different from credit card/ car loan debt. Here in the netherlands most people (if they can) will buy a house with 400k in mortgage debt.
Caleb lives in my head screaming "DEATH" and "DO YOU EVEN WANT TO PAY OFF THIS DEBT!??!" esp when I'm tempted to make a "BULLSHIT PURCHASE".
I can't tell you how much these videos have helped my partner and I. Thank you, thank you, thank you. You have saved our futures.
All of those professors who work 60-80 hours per week that she is talking about are working those hours so that they could pay their student loans.
Those professors are most likely adjuncts, not full-time professors.
@@manybothans450true because to be a full time professor is hard, it's a prestigious job, you need to be hired by the university department which will only want people with ample publications, and guess what they barely teach, the university prefers to hire adjuncts to do the teaching to pay them cheaply
A lot of PHD programs don't allow you to work over a certain amount of hours because they want you to focus on your PHD project. I hope she looks into that.
Many in the sciences don't allow you to work an additional job. And MANY PhD programs, especially in social sciences, etc, don't pay you much stipend if any.
@@Driver8takeabreakWhy the hell would I get a PhD then?
Also, 66 credit hours is not necessarily a reflection of how long writing her dissertation will take. It can take years after you finish classes to complete and defend.
@@mike54076 All I read was more reasons to not get a PhD.
@@chuckchan4127 Most people shouldn't bother to get a PhD (and I say this as someone with a PhD). It's a very specific degree that should be for very specific jobs.
Lip injections? Personal trainer? Manicures? So easy for her to free up this money to pay off her loans. And she shouldn’t get a PhD until she has a few years of real work experience!
She needs to get back on this planet before wasting any more time or money on education.
They told her a degree will get her more money. Fresh out of tradeschool my husband and I were making bank while our friends were struggling to find work, or had to go back to Starbucks to work because they didn't have hands on experience. ( _because they were not going to do an unpaid internship._ )
@@miffedcuttlefish6139 facts
@@miffedcuttlefish6139it’s a well known fact that PhD grads almost never make good money. I don’t know where she’s getting these wild ideas from. PhD grads always get paid horribly and have second or third jobs out of necessity, not pleasure.
@@KM-mw3jp maybe she's thinking about useful fields like STEM? But she's not in a STEM field. I think she did mention that PhD grads have other stuff on the side, though, so she's not too far off base.
The amount of people really banking on the student loan forgiveness is astounding lmao
Yeah. Another comment some guy has 100,000 emergency fund to pay off his student loan debt if forgiveness doesn't go through. It's ridiculous.
@@nicolcacola Not sure how that's ridiculous? If they have the money to pay it off then it's technically 'paid off' as far as net worth calculations because it cancels itself out. If the 1 in a million happens and his student debt were forgiven then that would greatly help him, like winning the lottery. It's the people who have 100k in debt, and 0 dollars in the bank account hoping it gets forgiven that are going to hurt themselves. If it's interest free there's no point in paying it right now.
Democrats promise the student loan bailout but never deliver.
@@dedalliance1 Exactly, I also have money set aside invested in dividen stocks to pay off my student loan. It’s gained the last two years a total of 24%. Now I’ll pay off my student loan that has since lost value and have some extra money set aside.
@Vertexp Nice. Yeah that's how you use smart debt, especially in times of high inflation.
I really respect the people who are willing to come on this show. Lots of us are in similar situations but most would never be brave enough to talk about it in public.
I love that Caleb always reads our comments and takes our feedback! Love the budget charts!!!
this is wild thinking that professors work full time and teach because they can - no it’s probably because they HAVE to. i feel like she thinks she can get a masters and a phd and automatically get the dream job and not actually put in the work outside of going to school
Agreed. As someone who sits in when interviewing job candidates it’s become apparent that actual job experience(s) goes a lot further than excess schooling..imho
@randomgraham4302 yup. Places would rather hire someone with 10 years of real world experience and minimal to no schooling over someone fresh out of college with a piece of paper.
She has no idea how difficult it is to get a full time college academic position; you’re competing with a national pool of applicants with all levels of experience. I also run into people who think you can move to a city you like and get hired on as a professor at the university or college there. In reality you have to be willing to move anywhere, often to a place you had no thought of ever living.
She also has an unrealistic idea of how much time is involved in full-time teaching. It could be she has some professors who are adjuncts teaching part-time and work for multiple schools or at other jobs. Or she may be thinking of professors at research institutions where there are some positions with lighter teaching loads but expectations of conducting research or other activities for the remainder of their load. There are fewer and fewer of those positions these days.
Yeah, I just finished a PhD, and it is insanely competitive, even in my (relatively) high demand field
No tenure track professor has another 40 hour a week job because it’s so competitive. They need to use every minute researching, publishing, teaching,etc.
she must be talking about adjunct lecturers and instructors who only teach and usually just do 10 hours of instruction a week. They HAVE to work another full time job to survive.
Getting a PHD with the idea of being an adjunct and another full time job is insane. That’s years of your life not earning.
I found this channel last week and it’s affirmed everything I was figuring out on my own. I’ve spent my entire late twenties trying to correct all my mistakes from college and changing spending habits. Lately I’ve been concerned that I’m not doing as good as I could be, but this channel has shown me I’m on the right track and is such great inspiration to keep going! All credit cards, cars, and student loans are paid off and a fully funded emergency fund 😅 I’ll be 29 this month.
Great! Make sure to pump money into that 401K Roth! (Or a Roth IRA) Your future self will be so thankful.
Happy soon to be or belated birthday 🎉
Yess look at you go! It is never too late, it only matters that you start and remain consistent and disciplined. Future you will thank you ❤
I found it really sad that out of everything she couldn't let go of spending money on it was lip injections. When she doesn't need them because she's pretty the way she is. We have totally brainwashed all of our children by obsessing over people like the kardashians into thinking they need to change their bodies at such a young age in order to look beautiful. It's disgusting.
She's mid, pretty is a lil too much.
@@TheBullyDisciplefound the incel
@@TheBullyDisciple no need
@@lx2495 she's not gonna have s3x with u, get over it simps
@@TheBullyDisciple People don't need to look like that bland insta copy paste to be pretty
Caleb you have been such a blessing to my financial health, can't thank you enough!!
Found this dude on shorts.. the only good thing shorts has brought me..
She has a trainer and meal plans but goes out to eat 500 dollars worth of subway and chick-fil-a?
What an interesting meal plan.
I didn't even think about that, but you are right. That's weird.
@@ghillies4life According to a Google search some trainers do suggest options from both places. Personally if a personal trainer suggested eating fast food I'd be getting a new trainer.
That was great to call out the loans won’t be forgiven. I think too many people think it is going to happen.
t'was all about the votes
Republicans that got free loans will not allow the tax payers to have the same.
Every time I go to make a purchase I ask myself, "do I need this or do I want this?" Surprisingly, I still spoil myself occasionally, but I save the majority of my money. I was especially tough on myself when I was in college. I lived at home, made my own lunches, never ate out, went to community college, worked every hour I could, and came out debt free. I didn't have a fun time, but I'll tell you what, it sure feels good spending my money and not worrying about some debt I owe.
I did the same still now. Im the only one from high school retired at 47. Live off of 65k still invest 12k or more. Most is invested i do not touch it.. ss at 62 so my investments grow. 80k in my emergency fund 12k checking and it grows .. hardest is first million after that it rolls.. never tell others you got millions or the beggers come out of woodwork..
@@peter-pg5yc 😂 never tell 'em
Love watching these audits cause I gather all the small tips of each video to implement my budget and so far has been successful!! Thanks for your content and s/o the people that come on the show to share their side!!
With this channel me and my wife have created a budget where we will have all of our credit paid off by the end of this year that also allows us to spend money on the things we want in a budget and it has made our lives so much easier and I can't thank you enough.
I was hooting and hollering when I heard your clip played on the Dave Ramsey show! Atta boy ! We are so proud of you !!
Really?! When did that happen?
@@jonathannerz1696 fridays show hour 3
Her: "I'm looking at my student loans like a car payment.."
Me: Oh, you sweet summer child.
🤦♂
Very interesting, a car payment?
I think its a famous quote that all you need to sell is a narrative. It's infuriating when the buyers start echoing back stupid narratives that they believe because they can't get out of because of the emotional and financial investment that they have made on to it. Student loans are absolutely the worst of the worst. The amount of mental gymnastics that these kids make to justify student loans is absolutely mind boggling.
"You mean 0% interest is a lie??"
Yeah I need to go back to school so I can buy a Lambo with the tuition money. #germanPolkaHistoryDegree
Getting an MBA with ZERO business experience is a waste of money. Concepts mean more when you can retroactively, mentally practically apply them.
She has no business having a real $56,000 car with her income, so her rationalizing is delusional.I sure hope her professors have Subject Matter Expertise from work experience. She has no work ethic, she just wants to coast.
Exactly
She’s working and going to school so I don’t quite get the vibe that she has no work ethic.
My thoughts exactly
@@TonyCox1351 The fact that she wants to be a perpetual student until earning her Ph.D. rather than entering the full-time workforce where she has to wake to an alarm and be "at" work for a specific time frame indicates that she isn't interested in starting in a position, learning the intricacies of the business and progressing as she gains knowledge and experience. Research in non-STEM topics is as easy as it gets.
@@ReddingRed She literally says she wants to work somewhere that pays for her PHD, meaning she would be working part time and going to school presumably full time. This girl has so many flaws in her spending, her finances, her understanding of debt, etc...to latch on to her being "lazy" while she's a 22 year old who works and is also in a full time masters program just reeks of you being a hater
She doesn't seem that irresponsible or spoiled to me. She looks more like immature, dreamy, like a kid. Her first paychecks didn't act as catalysts for growing up, but as pin money.
I think she just needs a few more years in the real world.
idk man, she seems very irresponsible to me
"HAPPY BIRTHDAY STOP HAVING STUDENT LOOAaanSS!" I love that so much 🤣🤣
I payed my car off in three months because of this content man.
That’s amazing!!!
Someone's already said it, but you should never take out debt for something that someone else is willing to pay for. Companies pay for MBA's all the time, and she'd earn a lot more than she would at any government job at the same time. Government jobs have plenty of benefits, but pay isn't usually one of them. Getting a PhD is a terrible idea for her because she doesn't know what she wants. She really needs to work in the real world for a minute before deciding she wants a Phd.
I love that you post as often as you do. I know it's a lot of work, but it honestly keeps me going through the week lol I love your videos, you're my favorite personal finance guy on youtube
I worked for the financial aid office for my last 2 years in college. I always informed students to pay off their unsub loans first before paying off their sub loans while in school. I was paying off my $11K student loans during the end of my 2nd year. With the interest hold, I double down and paid off my unsub loans and paid in full for my sub loans. I graduated debt free then also paid off my car loan of $19K soon after graduating. Came out debt free and saved up for my emergency funds of $3K. Got a high credit score and got a full-time job after graduating in 2021. It's possible to pay off the loans when the interest rate was on hold!!!
Caleb, you’ve inspired me to get my sh*t together and now I’ll be debt free by November 2024 and have a starter emergency fund. From one Caleb to another, thank you 🙏🏻
I’ve been binge watching Caleb’s show, and every day his subscriber count jumps another 1k to 2k! 🎉🎉
Caleb your videos literally drop when i go on my lunch break almost every day too (3x a week right?) but anyways it’s an absolute treat coming home on lunch break and watching these as soon as they’re posted
Caleb, I have several family members that worked federal jobs. Basically they have to sign up for a certain plan and they have to make every payment on time and they can never push any payments and once they make 120 payments on their special payment plan (it's income driven, I believe) and then they can apply. The issue is usually that they are not on the correct payment plan.
Yep, he seems a little misinformed about the federal forgiveness programs.
Not only that, you have to make 10 years of payments that are reduced based on your income, then they forgive the rest. You still accrue interest while you make these minimum payments, so if something messes up you have an even larger bill at the end.
No one actually gets forgiven
@@Dan16673 my wife got all of her loans forgiven a few months ago
@@Gceger84 4realz? You are the 1st ive heard of
Used to work in higher education, husband currently works there--becoming a professor is MUCH tougher than people think, unless you plan on scraping by a living in adjunct Hell. For every job posting with mediocre pay and a heavy workload, there are a boatload of applicants. We also got "paid" to go to graduate school, and it's not much--barely enough to live on, and that's if you budget carefully. Just a note for her so she is realistic about her goals.
In business fields it is much better. I just was in the marketing academic job market- I would say over 80% of fresh graduates get over 6-figure incomes in a tenure track position… it’s amazing how much things vary by firld
I’m so glad this channel exists
PLEASE do not get a PhD on top of an MBA without a specific job in mind. Find out what job you actually want - lots of people do market reserch without a PhD.
Its hard for me to even be mad at this girl personally. She’s on the no-plan student debt path, getting degrees she has no tangible plan for and taking out debt to go out and have fun. But they’ll give her all the student loans she wants for that and tell her she’s being smart when she’s actually ruining her future. You’re 18 and have never had to actually be a responsible adult and the system tells you it’s ok to just keep having no accountability and being a child. The student loan scam needs to END.
Edit: I changed my mind, **** this girl, he gets through the whole budget and the first three questions she asks are “what about buying a house,” “clothes? Sometimes I just want to buy them,” and “lip injections.” Getouttahere.
I try to drill this into my 12yo all the time. I’m not for or against school but I do tell her the dangers of student loans and if she wants to go she needs to find something that makes money and carefully incur only necessary debt. Consider things like community college, scholarships, working part time etc. Truth is that I could fully fund her but I’m not going to. She needs to make it on her own like my wife and I did.
She doesn’t have a clue!
I mean when I was 22 I felt under immeasurable pressure to look and dress a certain way - which involved buying clothes frequently. I’m now 29 and I haven’t bought a single article of clothing this year. Last year I bought pyjamas and a backpack as my old one was falling apart. You grow out of it. But then again I wasn’t in 50k worth of debt at 22 so idk..
@@OShackHennessy Why would you purposefully make your kid's life harder? Isn't it the point of being financially stable to be able to provide for your family and give your kids a better future than what you personally had to go through?
@@dela2612 Being financially stable has nothing to do with how I raise my child. And I am not making my child's life harder I'm just not going to give her everything for free. She needs to work hard, be responsible, and make her own way. I give her the benefit of the knowledge and wisdom that I picked up in life and therefore she will have it easier than me because I didn't have that education. She currently has a roof over her head, 3 meals a day, medical care, all her essentials and loving parents. Giving her anything and everything will only serve to make her a spoiled brat in my experience. I don't know how old you are or if you have children but handing them everything does not help them grow.
Keep that stuble and the energy Caleb. Found this channel 5 days ago and this is already my favorite series on TH-cam
These videos with Caleb keep me going. I started out with about $25,000 in credit card debt mostly from death of a business partner who had no life insurance.. It has taken me a year to pay down about $9,800..out of $28,000 after taxes income.(limited ability to sit or stand) Totally burned out some days.. inflation has not been my friend. I'm back on track. My goal for the next year allows for better nutrition.
Ive not seen a comment about it by anyone else, but wow is this woman lucky. She comes from money and a family in what sounds like an incredible spot. So she was given an extreme opportunity in life. Good to see she wants to be educated, and isn't going about it in a horrible way. Clearly uneducated in a lot of financial stuff, but she is really, really lucky. I hope she realizes not a lot of people gets to start life like she has.
Very blessed and grateful my parents positioned themselves in a way to give us a better life than what they had. That’s exactly why i want to get it together now. Thank you 🫶
Has almost nothing to do with education. She is just being lazy by not cooking, desires instant gratification over long term preparation, and has no self discipline to say "no" to something as stupid as a lip injection.
I highly doubt this visit will change her lifestyle. She isn't magically going to start cooking and drop her doordash habits, nor is she going to stop spending extra on cosmetic crap like she kept harping on near the end. And she wouldn't shut up about the house thing lol... as if getting more debt to get a house would be a good idea while still in pretty hefty debt. Not to mention she is 22 and wanting to remain with her "boyfriend" an buy a house together, despite texas common law marriage revolving around witnesses being required that you agreed to it among other things needed for qualification if things go sour.
So if her relationship fails post house buying, either the house is in his or her name, and either way she loses. She is immature plain and simple.
I work in academia and have a PhD. The only reason some professors work full-time jobs is because they are not full professors. They are usually adjuncts that need the additional money to live. An associate, assistant, or full professor will generally work 50 hours a week or more easily.
You're spoiling us with a video every 2-3 days 💜
been off fast food for over a month and my wallet has thanked u and me. it also helps my mood
Man I thought I was bad with my personal finances. But these ppl make me feel waaaaaaaaaaaay more comfortable where I’m at
Caleb has helped me so much, making me realize I have an Amazon addiction and how much I spend on fast food and nonsense. I've managed to save $18k ytd because of him! Previously I thought I was doing well because I was debt free, except for a mortgage. Wrong! I also need to save for retirement.
This is exactly why I preach that schools after a certain point need to focus HEAVILY on teaching about finance, loans, credit, etc because so many young people are awful financially, make horrible decisions financially and don't think about the long term decisions all because they are "legally" an adult at 18 despite mentally still being a kid and their reasonings don't even make sense a majority of the time. This girl is a perfect example of that.
It’s not really a problem of mathematical awareness as much as it is accountability. Every aspect of our culture is built around avoiding any accountability for your actions and further actually justifying and affirming any poor choice you’ve made. The student loan scam happily encourages you to load up on as much useless degrees, financed eating out, etc., as possible without a plan of a return, and the system then tells you this is normal and wise. What we need is accountability, people actually taking care of themselves, being responsible for their choices… and the positive and negative consequences of those choices.
But senior citizen adult Americans are as averse to accountability as any previous generation in history, so I don’t see a lot of hope there.
@@adamseidel9780 This is very true my friend, very solid and sound point that I agree with.
This will never happen. The government wants the people stupid and the states divided. They want us voting based on dumbass news media not on facts and truth
The southern states are fully committed to using Christianity as a weapon to keep the people stupid and avoiding real topics. Trust me
None of this would be possible without Federal student loans. What this woman and other students do with the monies they receive is bordering on fraud. Graduate and PhD's should not have access to addition funds. You already have a degree which you can use to work and earn your own money to pay for your continuing education.
She is in a spot where if she can straighten up she will be in an excellent position. Hopefully she listens and improves! And idk about the phd thing
She doesnt care. Has a man
@@Dan16673 You clearly don't listen, she said he's in worse debt than her lol
@@ughmina thats even worse. 2 morons feeding each other
@@ughmina not to mention the tons of men on this channel with the exact same mindset lol
Best way to start my Monday working is listening to some financial disasters to motivate me through the week 😄
Caleb keeps me employed lol
Caleb it would be awesome to see the other side of the fence. Someone who has their finances dialed in but maybe needs to budget for a big investment or life change etc. Keep up the great content.
As a person that recently turned 30, I wish I had found a channel like this at 18. I've almost clawed myself out of the bad decisions I made in college. 😂
The most terrifying part of this episode was the fact that a 22 year old feels it’s necessary to get lip injections every year for the rest of her life…
Stop injecting yourself with things your body doesn’t want or need! That goes for anyone not just her. It’s unhealthy and a waste of money
There was something weird about her apearance that I didn't figure out until she mentioned the lip injections. Why do people pay so much money to look deformed?
She is going to be very very sorry she got those injections when she is in her 40s...
The best thing you can do is get quality face care and facials. I’m mid-50’s and I don’t have wrinkles…all thru taking good care of my skin. Once you start those injectables, you are stuck and you feel like you need more.
She is more worried about lip injections then her student debt!
Lip injections look like shit 100% of the time. It's unfortunate that all these white girls have fallen victim to it honestly.
I'm not particularly bad with finances, but just watching your videos has totally changed how I live , save and invest.
Meal prep! Haha
I love Caleb’s tumor analogy regarding cash-flowing grad school. I was 22 years ago. I see her point of view. Never had school loans but had plenty of other debt. Wish I had Caleb back then! ❤
Here is my personal opinion: I graduated college in 2018. I have a bachelors degree in Psychology. Honestly when I started school at 19, that’s what I wanted to do. I was young and told myself that I could “make a difference and change the world.” Well, I took some classes and went through some dark stuff and realized it wasn’t for me. I now have a degree in something I’m not using and no longer interested in. No student debt thank God. Thinking back on it now, I wish I went to a trade school or got a certificate in something that is 1. Demanding in the workforce. 2. Going to make decent money. I thought about grief counseling when I was in school. I realize I was going to take our more loans than what I was going to be making when I was out of school! No thank you! Also, at a trade school, you are studying exactly what you need to know. I took two years of general education requirements to get my bachelor’s degree. Don’t get me wrong, the professors were nice and the topics were interesting but I could have saved so much time and money by focusing on what I need to know. I found a program that only takes 8 months to complete and I can make very decent money. I will be working in the healthcare field, it’s demanding, and guess what? The cost is so much lower. I can’t wait to start. I’m waiting for my son to go to school so we won’t have to spend so much money on daycare. Daycare cost is outrageous here. Don’t get me wrong, we all need doctors, nurses, lawyers, etc and that requires paying for schooling. I just don’t want to be in student debt!
I’m constantly crying in Canadian watching this show. 😂 It blows my mind to see people who literally have to do nothing but not waste 500 dollars a month on crap to succeed in life. Anyone from Ontario/BC who doesn’t own a house yet (and most who do) will know what I mean. 😩 The good side, the hardship has helped me with financial discipline / caring more about family than material things.
💯You gotta make some sacrifices/compromises if you want to get ahead financially. I had to really limit my spending/going out for several months to scape together a 5% down payment for my first place in the GTA back in 2015 but it was totally worth it
@@TheNewSchoolGamer
And that property has likely DOUBLED since you made those sacrifices & might not even qualify for a 5% down payment anymore.
There is coming a point where hardly anyone can afford to make "hard sacrifices"
@@rakynthosdarkkon1519
They've more than doubled which still blows my mind. The math isn't mathin' anymore...
My daughter asked me to help her with college. I said on one condition. No student loans. Now she has a masters with no debt.
Must be nice to get handouts from parents.
@@electrodynamicorb6548 oh stop.
@@alisonf6478 where was I wrong? He made it sound like an amazing feat to have daddy pay her tuition.
I've saved $10,000 since the beginning of this year, All because of Caleb's videos. Now I'm still spending a lot on fast food, but I got ZERO debt. Now try to change all that food spending on a retirement account.
That's what I'm struggling with.......I need help
Lol I feel it. Just find recipes that resonate with you and work with that. If you want to save even more money, just do the minimum: buy pasta, rice, bag of potatoes, etc. It's always do much cheaper not eating out. Just have to do what you can to make cooking fun. Lol
Learning to cook your own food can be very rewarding
cook more it's healthier and you'll save a lot
A good transition from buying fast food is getting tv dinners, and after that, making food in the oven or a crockpot to make food with minimal effort. Part of why you buy fast food is probably for the convenience factor, but if you try to do what I just said you can become healthier (since you can control what’s in your food more) and you will have more money to invest (the same money that you were spending on fast food) can now go to your future self. Like instead of spending $300 a month on fast food, if you threw it into an S&P 500 index fund in 10 years you would have a little shy of $58,790 (with dividends reinvested) in 10 years instead of just spending on stupid food that isn’t even good for you
It's that memorable line from Dave Ramsey: "Many people spend money they don't have to buy things they don't need in order to impress people they don't like."
I have an undergrad in marketing and an MBA, similar to her. I worked 30 hours per week during undergrad and was working full time and had my employer pay for my MBA. I would never go into academia though, because of the low pay. She's doing this all wronggggg!
I swear that millenials (of which I am one) are obsessed with being eternal students. They're not thinking about the student loan debt that is going to ruin their lives, later on down the road.
Man, taking a loan to get a Masters just worries me so much. Not least because my peers who have Masters (MBAs) have not really achieved anything beyond that piece of paper. And colleges aren’t always the most up to date with tech or trends so I worry that by the time I graduate, the things I learned are near obsolete.
The editing is so good, i used to only listen to these shows but i feel like im missing out now
Taking out student loans for any expenses that don’t go straight to the school should absolutely be illegal
100% agreed
Exactly, that is my biggest gripe when people say student loans should be forgiven.
After getting bed bugs, I would never get used furniture such as a couch. With that said, I am still holding onto my very old couch since it's not important for me to get a new one yet.
"I can do this, i'm disciplined", Immediately followed by "idk if i can give up the lip injections" said everything about where this girls mindset is at.
Love the graphics and the adding up of the debt, adds to how much total is in debt
Wow, your channel blew up😍 I remember watching one of your first few videos.