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Chapters:
00:00 Intro
00:36 Job and income
2:27 Checking account
04:00 Credit card and spending
13:00 Dave Ramsey
13:41 More spending
15:30 Credit card 2
17:08 Emergency fund mess
20:01 Investing and meme stonks
32:06 Cleaning up the mess
44:20 Financial goals
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**Disclaimer: neither this video, nor any content produced by Caleb Hammer should ever be considered investing advice or official financial advice. All content is made for entertainment and educational purposes**
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Sponsorship and business inquiries: [email protected]
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1 of my first 50,000 subscribers will win $1,000 the day we hit 50k! So if you enjoy this type of content, subscribe and stick around for more 😃You all are the BEST, and your support means so much to me! Love you all!
These videos are always filled with knowledge, Keep it up Caleb 📈
Been showing these to my employees at my shops and they're all loving it. They usually ask me for financial advice since I'm older than them and I help out when I can but I also showed them your videos and it's helping them with starting up an emergency fund and lowering their partying/spending on garbage.
Someone needs to tell her that stock splits don't actually make the stock cheaper.
Tesla is just not a good investment. The company is valued higher than most other car makers combined, who are all gearing up to make more electric vehicles. Think Netflix stock when Disney and Amazon got into streaming. Yet, the real reason I wouldn't Tesla stock is Elon will NEVER return profits to investors with dividends or share buy backs. He'd spend that money on vanity projects first, and the only one of his companies to actually succeed is Tesla… which he did NOT start, he merely bought enough stock to force his way in as CEO.
I love seeing how your channel is taking off!
Can you do a written recap at the end with all the totals? It might help keep ppl more engaged. Something simple like subject earns this, spend this, saved this. If you watch cnbc, they have a nice breakdown piechart.
Wtf is email marketing? Sounds like a scam
Really appreciate your content Caleb! I was just wondering when it's comes to investments how many funds should we have? Like should we have both a ROTH IRA AND 401K for retirement? Should we have accounts for long and short term investment returns?
Caleb! Quick question. The 20% invested/saved, is that pre or post tax?? Thanks!
She needs a separate sinking fund for vacations and eating out.
Man dude your videos are filled with ads
I'm just glad I'm not the only one on the silly "100% match for the first 3% then half match for the next 2%" 401k match.
26:28 “I made 5x on a single stock”
If you had sold. Which you often have to do when you are a trader. Myself, I am limited and don’t want to spend my time on stock exchanges. So I only invest and just buy and hold. No clue why she takes so much risk with her hard earned money when she clearly is not interested in learning how to trade.
The rich stay rich by spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the
Retire early is a great goal even if you end up liking your job. But she should calculate what she needs for FIRE and start. Now please.
I rather have zero friends then have to Venmo people for anything serious
lol bro, hold up. if she does the proper research investing in a concentrated portfolio is awesome. dont judge her for her investments jesus christ.
bro why are you even looking at short term returns investing in individual companies is something that is evaluated over a long period of time while making considerations of the fundamentals of the business you are invested in.
Love the videos! Very unique concept and I’m sure your channel will grow. I do have one suggestion: what if towards the wrap up section you ask people what they think their overall net worth is and reveal their actual net worth? Would be interesting to see how people think about their net worth. I personally do a yearly net worth statement and find it very valuable. Keep up the great work!
Her investment strategy is buying what she likes, that's as scientific as it got
I think she was honestly making her finances harder then it needed to be. She was using spreadsheet and trying to balance stuff, but won't just pay off her credit card on her phone.
i think she could find a job in a cheaper place to live or work remote and buy a house now with her equity
This was hard to watch for me because I consume so much financial information through youtube, reading, and I'm a finance major. I thought this stuff was much more common knowledge. Some of it might be, but that doesn't mean people follow it.
It seems nobody cooks their own food in these audits.
question – I have my 401k set up to be half roth, half traditional. should I do all roth? I also have a roth IRA
Why do people spend so much money on eating out ?! It should be a treat not something you do every month.
"True leaf tanked on me"
"…Are you surprised?" LOL
"I don't support Jeff Bezos"
30 minutes later:
Swing trading amazon
Why mutual funds? Why not ETFs?
At least she knows what retirement means! Seems like in a lot of these videos people are more interested in gambling than investing, and have trouble understanding the difference. I hope you're planning some videos to check in on people in a few months. I'd love to see how they're doing and what changes (if any) they made.
Can’t believe I fucking payed off my student loans, now everyone else just gets it for free. I got fucked.