Get qualified for a better job and increase your income: and use code HAMMER50 to get $50 off the full course.
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Resources I use/would use:
1) Acorns: Start investing, or open a retirement account, and get a free $5 by using my link:
2) Mint Mobile: Cellphone bills are too expensive, use my link to find a plan starting as low as $15/month in just 15 minutes:
3) Aura: Protect your online privacy and security NOW and for free by following my link:
4) Fizz: A debit card that builds credit while preventing overspending: use CALEB10 for a $10 signup bonus!
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Chapters:
00:00 Job and Income
02:09 Already a mess…
06:00 Coursecareers
08:33 what???
10:47 Not the CREDIT CARDS
13:53 Are you serious?!
19:35 STOP THIS
23:12 Please…
24:10 ENDLESS SPENDING
27:00 Im scared for you…
29:00 Wait there’s MORE?!
32:06 You need to budget!
34:38 Not looking good…
37:04 Please just have this!
39:00 Can he do this?
42:43 Just do this please!
47:54 Hammer Financial Score
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My socials:
Do you want to be in a Financial Audit and you’re able to film in the Austin area? Email castingcalebhammer@gmail.com
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Sponsorship and business inquiries: calebhammer@creatorsagency.co
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My financial friend, financial education, american debt, the dave ramsey show, budget money debt cash, personal finance, how to invest in real estate, the plain bagel, the rich dad channel, how to start in real estate, graham stephan, meet kevin, rental property, investment property, ryan pineda, elena taber, noelle randall, lili thompson, john olfert, bigger pockets, student loan debt, shorts, biggerpockets, investopads, biaheza, credit cards, student debt, how to make money, debt free, real estate, compound interest, buying house, pardon my take barstool, save, insurance, buy, snowball, pay off debt, debt free journey, financial independence, how to pay off debt, how to pay off student loans, debt snowball, dave ramsey show, pay off student loans, financial independence retire early, how to pay off student loans fast, debt payoff, dave ramsey live, net worth update 2022, dave ramsey cars, caleb kids show, dave ramsey car loan, college debt, money, debt free community, dave ramsey car payments, my net worth update, dave ramsey live stream, make money online, get rich quick, get rich, net worth, loans, fake guru, student loan, day in my life vlog, day trading, credit, loan, budgeting, stock trading, crypto, finance, budget, student loan forgiveness, ramsey, car payments, credit score, shiba inu, should i go to college, shiba inu token. As a 23-year-old with more debt than anyone should ever have, I know how hard it is to get ahead. This is the story of how I paid off $67,000 in debt in just 3 years using the tips in my new financial audit book, Zero Down Your Debt: Financial Freedom Through Debt Repayment. If you’re feeling overwhelmed by your student loan debt, this Financial Audit book is for you! It shows you how to pay off your debt using the same techniques that I used, and it’s completely free. I hope this video helps you get started on your journey to financial freedom! shiba inu crypto, inflation, manifestation, net worth spreadsheet, car loan, shiba inu price prediction, caleb hammer, financial audit, caleb, is college worth it in 2022, credit card debt, financial, dave ramsey, debt, credit card, payday loans, coffeezilla, car debt, bridgette wilson, pardon my take, is college worth it, john oliver, paying off student loans, net worth update, che and cherice, student loans, caleb maupin, shiba inu coin.
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*Some of the links and other products that appear on this video are from companies which Caleb Hammer will earn an affiliate commission or referral bonus. Some of the offers mentioned may no longer be available. This is not investment advice.
Sponsorship and business inquiries: calebhammer@creatorsagency.co…(read more)
LEARN MORE ABOUT: Qualified Retirement Plans
REVEALED: How To Invest During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
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Being in debt at a young age is not unusual these days. With all the expenses that come with being an adult, it can be difficult to manage finances and avoid falling into debt. However, what is alarming is the amount of minimum debt payments a person at a young age is required to make. Recently, a report revealed that a person aged 22 is expected to make a minimum payment of $769.
A minimum debt payment is the lowest amount of payment that needs to be paid in order to avoid late fees and penalties. It is usually a small percentage of the total amount due, which means that the longer a person takes to pay off their debt, the more they will end up paying in interest. The problem with minimum debt payments is that they can give a false sense of security and make it seem like the debt is being managed when in fact it is only being prolonged.
When it comes to paying off debt, the best approach is to pay as much as possible as quickly as possible. A minimum debt payment is not enough to make any significant progress in paying off debt, especially if the debt is substantial. In the case of a 22-year-old, a minimum debt payment of $769 is a warning sign that their debt is likely to be substantial and may take years to pay off.
It is important for young adults to take control of their finances and avoid falling into the trap of minimum debt payments. Managing debt may be challenging, but it is not impossible. It starts with having a clear understanding of one’s financial situation, including income, expenses, and debts. Having a budget and a plan to pay off debt is essential.
A financial audit is a good way to start. A financial audit involves carefully examining one’s financial situation, including income, expenses, and debts. It can help identify areas where money can be saved and where debt can be paid down faster. A financial audit can also help identify areas where debt can be consolidated or where a more aggressive payment plan can be implemented.
In conclusion, a minimum debt payment of $769 at the age of 22 is alarming and should serve as a wake-up call to young adults who may be struggling with debt. The key to managing debt is to take control of finances and avoid falling into the trap of minimum debt payments. A financial audit is a good place to start to get a clear understanding of one’s financial situation and develop a plan to pay off debt. With dedication and commitment, anyone can become debt-free and secure their financial future.
Get qualified for a better job and increase your income: https://coursecareers.com/calebhammer and use code HAMMER50 to get $50 off the full course.
I have to say, as someone who just jumped into the chaos of life in America resources like this are invaluable.
For those who don't know or don't understand the financial system. Guys like this need to be heard. Thank you Caleb. Its lit a fire under my ass and makes me really desire a better grasp on my finances and whats going on without my understanding.
Thank you for making this – I know this is your living, but having a guy talk about finance in a way that someone would talk to someone with a lot of money is so helpful for people who don't.
JESUS CHRIST LOVES YOU AND CARES FOR YOU HAVE A GOOD DAY EVERYONE
This channel is one of the reasons I no longer loook at people with new cars with envy majority cannot even afford it
I feel like this audit should’ve been done a little differently. The fact that he and his gf haven’t been working clearly explains why they were using the credit cards. I can’t imagine losing one of my kids but I can tell you that cooking probably wouldn’t be very high on my list of things. I wish them the best of luck going forward
What do you want on your pizza sir?:
“Son died tomatoes please”
dont get married at 22 years old.
Ok I've tried and tried to deal with his "not a credit card person" garbage. But his idea of what credit cards are for is to only use if you can pay the full amount off each month with cash. That's not a credit card person, that's a person that doesn't need credit. Most of us view credit cards as
-emergency funds for unseen costs/risk spending for advancement/need to recharge and do something to remember why I do this each day-spending. He hates interest It's apparent if anyone isn't a credit card person it's Caleb.If/when a follow up episode happens with him, it will be a positive one. I have faith in him.
I would like to request more rants on the hidden tax of poor mass transit in America. Thank you kindly from an urban planner.
Okay caleb, quick question. I've got massive credit card debt, and basically no emergency fund. My job is VERY secure, and even if I get hurt I get full pay, so thats not a concern. Do I focus on emergency fund first, or try to get rid of one of MANY credit cards? Thanks all. Love all these videos
This channel is compelling. And immense gratitute is needed to anyone going through such a thing publicly.
But, Caleb, I careful with your advertising partners.
I dont understand why or how these people have savings accounts. Cant be more than 1k in those savings accounts and if there is, why are they in so much debt?
I've been watching lots of these videos recently, I do find the ones where shit has happened to people out of their control (like this one) and need help wayyy more useful, interesting and relatable than the ones where people are just fucking idiots TBH
IN N OUT DOESNT TASTE LIKE FOOD?!?! UNDEVELOPED TASTE BUDS?!?! is it just not cool to like in n out in texas?? In n out slaps the piss out of every other fast food joint ever when it comes to quality of everything. GORDON FUCKING RAMSAYS favorite burger is from in n out, YOUR pallete is unrefined sir. talking about slamming mcdoubles in every video n have the audacity to talk shit about a burger that absolutely destroys the entire menu of mcdonalds
Really hope this video doesn't come up in bankruptcy court lmao
“Not having an emergency fund is an emergency” is something I say now. I just got a second job so everything I make there goes straight into savings. Thank you Caleb for guiding me on the right track.
Caleb is right about all the unnecessary expenses though that he is right about gotta keep fighting though as depressing as it sounds.
This Caleb guy doesn't get it trauma is trauma I've given up to so I understand. Even though I haven't lost a child I've been neglected all my life and my head is my worst enemy. I couldn't imagine what she's going through. She needs to give up the vape though I've been sober from weed for 10 days and looking back it's mostly due to the money I spent on stupid stuff when depressed or not being able to keep a job. I understand. I'm not going to be reading the comments I just really hope that this couple can make it out alive. I feel so bad for her. She could be helping other people who have lost others. I'm on my way to debt to. I'm letting you know I understand and I hope you get the help you need without Calebs attitude all I hear in him is attitude and privledge and that doesn't help. Try being homeless kid then we will talk.
I was about his age and in just as much debt. I got a second job for two years and got out of debt it’s hard but it’s doable and worth it if you have the goal.
Might need you to yell at me to refill my emergency fund after some medical bills.
Woah!
Hi Caleb, maybe I'm missing something but you said it'd take him 50 months to pay off the 31K in debt, but that's only if he pays the 615 surplus per month. You'd need to include his minimum monthly payments (769.50) which also work towards that debt, so it'll take him 2 years with interest to pay off by following your budget if he doesn't increase his income. I love what you do!
giving some okay financial advice does not justify shaming someone's bad spending habits. There are other, significantly better ways to fundamentally change spending habits than through shame.