Transcript of E556 Caleb Hammer

We have added a second show in Nashville, baby, on May 3rd. It's an early show 4 PM at the Bridgestone Arena, and, I can't even believe that. And thank you guys so much for all the love and support, and I'm honored to be performing here in, in Nashville. We also have tickets remaining for East Lansing, Michigan, Victoria, BC, and the Canada College Station, Texas Gigam, Belton, Texas, Oxford, Mississippi, Tuscaloosa, Alabama, Winnipeg, in the Canada, and Calgary in the Canada. Get all your tickets at theovaughn.com/tour.

Today's guest is a financial adviser, for generations z and millennials. He's a YouTuber. He's a businessman, and he's based in Austin, Texas, which is where we're taping today. You may have seen his popular show Financial Audit where he takes people to task over their spending habits. I had a great time learning about him and his world.

Today's guest is Caleb Hammer. Caleb Hammer, man. Thanks for, catching up, dude.

Yeah. Yeah. What's up, buddy? Nice to meet you.

Not much yet. Nice to meet you too, man. Hammer. Caleb Hammer. That's a good name.

Yeah. It's powerful.

It is. Is that Russian hammer? Hammer?

I think I'm British and native.

Oh, yeah?

So little conquering, you know, of the United States a little.

Oh, wow. Yep. Yeah. So no matter what side of the bed you wake up on, you're gonna draw a weapon probably.

That's right. Yeah.

That's wild. Native Amer Native American?

Yeah. Like, 25%.

Oh, that's great. That's a good amount.

Yeah. Not too not too heavy, but

Yeah. But enough yeah.

Enough to feel a little little tan. Oh, yeah. Little minority. Yeah.

Oh, enough too to fucking know how to make a good fry bread too, I bet. Yeah. I noticed that. So you're kind of this financial guy, or financial liaison even, to like gen Z or millennials. I mean, it could be anyone.

Mhmm. But I feel like that's kind of like, it seems to me like that's kind of like the world that you work with.

Yeah. That's who got attached to it. We age range in that, like, 18 to 35. That's our big group. That's where our metrics are right now.

And you're helping people with their finances? Like, what kind of qualified you to become sort of this, this, this, like, person who's offering suggestions to to, others.

Yeah. I mean, since the stuff I talk about is so basic, I was a dumbass enough, like, back in the day to overcome all that debt, get control of my spending, learning how to budget, get kind of obsessed with the personal finance space, build a pretty successful net worth before I started YouTube

Mhmm.

And just sitting down and talking to the people in the worst of the worst Yeah. Since I was there, felt like those are the people I could talk to. Not talking to the to the Theo Vons, not helping you with your investments, but, you know, we're talking about the lady who has tens of 1,000 of dollars of credit card debt, some car she can't afford, and getting repoed left and right.

Right. Yeah. I mean, I feel like you kind of have this, like, Jerry Springer meets finances kind of energy, you know, which is Yeah. It's awesome.

We call it Caleb Springer. That's our that's

what we call it. Yeah. Oh, I didn't even know that. Yeah. Oh, that's great, man.

Yeah. It's it's, it's super fascinating. But, like, so what was your financial problem? Just so I know, like, where did you start where you're like, oh, okay. I'm in a bad spot.

College was I was so dumb in college, man. Just starting to go into it. I was going into a major that wasn't gonna make any money. I wanted to go into music. And, of course, if you're gonna go into music, you have to have, like, a $50,000 computer or whatever.

It's some nice beautiful Imac. So max out a credit card with that. Gotta have an electric piano. You gotta be cool. You know, you gotta be like the other music majors.

Max out a credit card with that. Why cook when you're tired from school? Go to McDonald's every day and that's before I was even a fat fuck. Like, you know, the the the I was just able to consume those and still be skinny, but max out a credit card with that. Gotta get around.

So I maxed out. I got, like, a 10, $11,000 car loan, but I couldn't afford the down payment. Of course, I didn't know anything about money, so I borrowed, like, $5,000 from the grandparents just to get a down payment on a car. It's the same stuff we're seeing on the show.

So you were just in

a bad spot? Bad spot. Private student loans too, man. It was rough.

And did were had you been getting advice from anybody or do or you were just

No. This was generational. My parents, even though they are better now, I'll I'll give them credit there. We we grew up definitely lower middle class foreclosure notices, that kind of stuff. Mhmm.

And at that point, when the people who would teach you about that kind of stuff, because our school system really doesn't, at least in Michigan and I don't think Texas either, At that point, you rely on them to teach you, but they didn't know anything. So I was just continuing that cycle. So every time you see people coming from a lower middle class background or poverty backgrounds is that endless cycle because you can't learn from anywhere. And you have to get that drive somehow.

Right. That's a great point. Yeah. I was always kind of amazed that they didn't teach us in school. Like, if you didn't have a strategy, like, they would have people come for, like, parents would come or people with, like, people in our community that had jobs would come and talk to us.

Mhmm. But they never had, like, people that had really fucked up. You know? They never had, like, a crack at it come Yeah. And talk to the class for 20 minutes and be like, this is how this happened.

Right? Or they never had anybody that was selling leg or selling Cooter or whatever on the street tell, you know, like, Hey, this is how things fell apart. Like they never had that other side of somebody who was like in a second bankruptcy or somebody who'd been abused in a marriage, you know, it's like, you never really got, you always just got the, like, I'm a fireman, you know. And it'd be like and the kids would be like, awesome, you know. Yeah.

And the guy would let you play with his ax or whatever. It's like but do you never got, like, the other side of it? It's kinda crazy that they don't have that, just in, like, kinda elementary education, you know.

Dude, it's crazy. I think it's, like, a 1 week subject in the class where they also spent, like, 2 weeks showing you birthing videos. Yeah. You know? So something that passes over real quick.

Yeah. Okay. So you were Badoff? Real Bad. And how did you get on Badoff?

I just started becoming obsessed with well, I was always interested in the world of real estate. So, like, HGTV, I I ate that shit up. I don't know why. This is that weird kid who loved HGTV. Yeah.

So, you know, the all the different home shows. I was interested in real estate, and that's kind of just a decent connection and segue over to personal finances. So eventually, once I started realizing, yo, can't afford rent, I started just googling some things, and I found some other creators, some other podcasts, like Bigger Pockets podcast is really good. I think I started BiggerPockets,

it's called? Yeah.

It's really good. Those in real estate. Do you know Graham Stephan? Uh-huh. Finance YouTuber?

Let's see a picture of him.

Yeah. Little little short dude. Graham Stephan?

Nope. I don't know him.

He's 1 of the OG finance in tubers, and I think I started watching him when he was up and coming. I was like, wow. I can't believe how absolutely stupid I am with finances. I even know there was this other world. And then to to accomplish the things I dream of accomplishing, it's gonna take actually marking the goals I wanna get to and the different steps that are required to get there.

And that's where I started to actually focus on building the income, not just the hobby stuff. You know, I was doing music composition and, you know, I was thinking like 30,000 hours a year off of that in college and dropped out of college. But, from there, I just knew I had to go get stronger income, actually build myself a budget. And that's when I started, you know, looking to move in different areas. And I got a connection down in Austin.

And that's when, like, I actually started putting the focus and pointing my money in the right direction, building a budget for the first time. And it's been it's been good since then.

Yeah. Okay. So you started to put your money back together. Like, you started I mean, did you pay off some of these things? Did you get

rid of the car? You said you dropped out of school. So Yeah. I'm assuming that you just realized it wasn't for you or Okay.

It's gonna sound like the most arrogant, comfy thing ever. And but, like,

I was actually making more on my music compositions than my own professors did on their own compositions. So I was like, why am I spending more money to go in school? Okay. So that's when I dropped out. Okay.

You

already felt that you like, you'd kind of been able to learn what they were gonna teach you over a course of a

long time? Kind of. I mean, I I like the lessons and stuff, but then I still had to go to all these other classes that don't matter and I had to spend money on that.

Right.

All these things that were going for the degree. But at that point, I still knew nothing about personal finances.

Mhmm.

Once I moved to Austin, I wanted to get a job that focused on me being my own business essentially. That's what I was doing with music composition and 1 of the best jobs that just like you and I could go get today if we wanted to where your own business is sales. Okay. You know, you are your business. You're out there building the client base and that's what I ended up doing and with that I reached the top of the sales team immediately.

Selling?

Yeah. Selling it was trading education, you know, like stock trading and some memberships and stuff like that.

Okay. So, no, I'm not I'm I'm not familiar with what

you're talking about. Like stock market?

Okay. Do it. So so you became an investor?

No. I was selling classes that taught people how to become day traders and stuff.

Okay. So day trading courses.

Really bad products. I'll be honest. But Really? You know, I just had to you know, I was taking the job that would hire.

Okay. So the but the the actual product wasn't a good product or just you thought it was

It was fine. Just people shouldn't be day traders. That's the thing.

Oh, I see.

It's like 90% lose money. It's not that the people that were teaching them were bad or the education itself was bad. It's just like that's probably too risky for your average person to get into.

So it's just a risky thing to get into.

Risky to get into. But luckily, the people I was selling to, they were with people with too much money, too much time.

So Oh, they were?

Yeah. It wasn't like You

weren't selling to children or whatever?

No. Okay. No. Especially since I mean, I think you have to be 18 to open a brokerage fund or at least to open those kind of accounts if I'm not mistaken. But actually being able to build that, like, personal business, personal brands, and getting to the top of the sales team, eventually getting to the place, you know, bringing in 6 figures.

Wow.

Grinding for a couple years, I focused on paying off the, my grandparents first because it was family debt. It's a little emotional. That's probably not what I would necessarily suggest today, to people that I'm talking to, but that's what felt right in that moment. And then the credit card

Which about paying off your grandparents,

you mean? Absolutely.

Well, yeah. Because you have to see them. You still have to answer their calls, and you have to hear the the timbre in your grandmother's voice Mhmm. You know, knowing that they're concerned about their future because they're missing a little bit of their nest egg.

Exactly. Exactly. And they were nice enough to give me that money in a hard time. I gotta be nice enough to prioritize paying it back.

Right.

And then the 30% couple 30% credit cards I had from there, about 10,000 hours total in credit card debt. Mhmm. And then Sallie Mae. You know that bitch?

Oh, yeah. The loan specialist?

Yeah. No. She's not she's not great. So I had some, like, 12% interest private student loan debt, maybe 15%. It just kept ballooning, so I focused on paying that off after that.

But those are private ones. Right? So there's Yeah. There's ones you get from the state that are lower percentage? Mhmm.

Okay.

Yep. I had federal back student loans. I still do because I'm not gonna pay them off because they're only 4%. And actually, mine are like 3%. So I'd rather invest instead.

Right. So

I'm just doing my minimum monthlies there. Mhmm. But, yeah. So because Sally and her 15% were just so crappy, I focused on paying those off next. Mhmm.

And and then, eventually, my car debt as well because that was also, like, 11% for a Nissan Altima, 2013. I don't know if you're a Nissan Altima girly, but their transmissions, they all die immediately. So it was, like, 60,000 miles and the transmission was dying. Yeah. So and I already owed debt on it.

Oh, yeah. Altima is definitely, a lot of Latinos would drive them, I know. And then my ex girlfriend drove 1. Oh. Okay.

So so you started to get out of debt. You got some you got some money going. You found out that okay. You realize maybe this could the direction you were going in in school wasn't for you. It sounded like you started to make some kinda, like, severe choices.

Right?

Yeah. Big life choices. Moving across the country, packing up the sedan, you know, going from Michigan to Texas, I guess, it's not across the country. But it was a big move for me. Mhmm.

And, focus on paying off the debt. And that's once I got my emergency fund, which is what we prioritize after paying off high interest debt, that's where I was like, I can finally start accomplishing the dreams I wanted to, and I was putting 10% down on a house here in Austin.

Oh, wow.

And that was my big goal.

And were you still doing sales at that point?

Yes. Yes. I was still doing sales, and I started moving in the world of, like, product management and the tech world. But

Like what does that mean?

So it was kind of like fake product manager. I'll be honest for all those that know product management out there. But I was, like, overseeing memberships at that company that I was talking about and trying to improve their products. And I was just kinda overseeing that working with different teams.

But Okay.

I was transitioning to that world because again, I just like the I like running some things. That's why I like building out the company that we have now and having management of our products and just making a better experience for the clients.

Okay. And is the product you sell now to people, is that a more helpful product you think than the first 1, the the other

Oh, absolutely.

The day trading stuff?

Yeah. Because what we're doing now, like our simpler budget app Mhmm. Like, that is an app that people can use and actually follow a budget, hit the goals that they're trying to do. It's things that actually help people instead of like, hey, there's a 10% chance you might be successful in this field. Good luck.

Right. That was kind of the product back then. But, yeah, so people can actually, you know, finally take control over their destiny.

Okay. What is I I you talk a lot okay. So I feel like I have a decent understanding now of how you kinda got to where you are. Yeah. Right?

Like, a lot of it sounds like you're like, okay. College isn't for me. I need to change that. These are the high interest things that I need to I need to I need to get a job or find a field. You found sales.

It's working well for me. So and then I need to find out the specific the higher interest things I need to get out of those first. The lower interest things I can keep because if I can Yeah. Invest at a slightly higher interest rate, then I'm gonna be hypothetically or hopefully paying those off over time, assuming I can make more than the 3 or 4%.

Exactly.

Okay. So now you now you have a YouTube channel where you kinda talk it seems like to a lot of, like, Gen z. Is that kinda safe to say Gen

z millennial? Gen z millennial.

Okay. What is the number 1 thing that they are going into debt over now?

In America, cars, man. Cars. Everything's drivable infrastructure here, so you have no choice but to get a car. You need a car to get a job to pay for the car.

But they kinda locked us into that, Yeah. What's that is there a theory that they that they did that on purpose, that a lot of that's done on purpose, you think? That we had that they created, like, this car economy? Can you look up just see what you find on that?

Well, I know in the 19 fifties. Right? That's where they start passing, like, the highway infrastructure bill. And that it's a lot of it for inter intercontinental connection, especially for military safety being able to move things back and forth across cities. But with that, they came into the cities like Dallas and Houston and LA, and they bulldozed massive communities and just built highways throughout.

Then he had white flight from the cities to the suburbs. And then in order to get to the city where the jobs are, gotta drive on the highway and it's a cycle from there.

Yeah. I think you pretty much just answered it. That's what it seems like a lot of that is. It was like, yeah, people wanted to also live in the suburbs. They didn't wanna be in the place maybe right, you know, in a around a bunch of building stuff.

You wanna have a yard. You wanna have a little bit more space.

And cities went to shit after that too. It really did. Yeah. Whether it's funding or just the job opportunities, like, they went to shit. Like, New York in the eighties was a shithole.

Right? So that's yeah.

Yeah. And then I think you have a lot of people. Like, if people wanna have a yard and wanna have an environment they take care of, then they kind of if they take that energy out of the city, then that's not in the city anymore.

People wanna live in the city now though. People are giving up their car and in my age range, you know, in the audience's age range. They wanna live in those more walkable communities. I move into a walkable community. I love to not have to drive.

So it's a Oh, yeah.

It's a nightmare. Yeah. Kinda like my parents, it was a thing where they wanted to drive into work and drive home. That was part of, like, the commute. You know?

It's almost part of their, lifestyle. Yeah. You know? I think that that was, like, a big part of the lifestyle then. Let me see.

Commuting as we know it today with people regularly traveling significant distance between home and work, became prominent during the mid 19th century, primarily due to the industrial revolution, which led to large population shifts towards urban areas and the development of suburban communities accessible by newly newly established rail systems, allowing people to live further from their workplace and commute into work regularly. The term commute itself originates from this era of early rail travel where people paid a commuted fare for regular travel to the city. Oh, wow. So I guess if you were 1 like a person that came every day for their job into, like, you know, rural New York into the New York's any New York City, then you paid a commuted fare.

Yeah. And I I'm honestly not against, like, the driving if you want to or living with more space. I'm not against that at all. Like, I actually like that. The community I'm moving to is kinda like that.

It's a hybrid. But what I don't like, dude, I I don't know how much you know about zoning in the US, but it's crazy. You know, we're supposed to be like this capitalist bastion of freedom, but we don't let anyone build what they want on their property. So you live in a neighborhood, and in order to get a coffee, you have to drive 10 minutes because no 1 can build a coffee shop in the neighborhood.

Right.

Because we tell people what they have to build instead of letting the people determine the market and the market determining what gets built in places. That's what I wanna see, a more freedomesque, living situation where people can build their communities.

Yeah. I think that that's fair. But then I guess what if you had an you have a place you finally call home, you love it, and then somebody next door builds like a neon light shop or something.

Yeah.

And they're just huge and they put billboards up in their yard. Like, that kind of thing I feel like would lead to war.

Yeah. That's more like HOA. You know? So, like, I'm okay with, like, small communities coming together and deciding what's good for their community, but a whole state or a city saying, no. You know, you're 40 minutes from city hall.

You can't build a bakery there.

Right.

Sorry. A highway has to go there.

Yeah. So Yeah. I guess, sometimes, you don't know what a city's overall strategies are too. It's like someone just says a regular citizen even though you may think that we do. Maybe maybe we wouldn't know sometimes what their overall strategies are.

There's this crazy concept, where Austin, we built housing. You know, we just allowed developers and capitalism to take place. So we built housing. Guess what's been the largest rent decrease in the nation? Austin.

Who would have thought?

The largest rent decrease? Why? Because there's extra housing.

Yeah. We built so much housing. Yeah. Because we just let capitalism happen.

But so you're saying that's the bad side of it? Well, it

sucks for people, I guess, property values or landlords, but it's But it's

also for people that can live.

Yeah.

Yeah. Oh, well, 1 of the worst things that happens in a lot of places is the artists and stuff for the first have to leave an area because they're the ones who can't afford to live there anymore. You know, I think that happens in a lot of cities where, you know, rent price start to go up. And then the guy who's, like, just doing his best to make ends meet, who plays a saxophone or Mhmm. You know, who runs a art studio, they can't afford to keep their you know, they're kind of the first to go a lot of times.

Yeah. Gentrification is weird because, like, honestly, you kinda go in there. You do get better restaurants. You get better amenities. Things do become nicer and safer, but then there is like that dude who gets pushed out.

So there's like there's positive gentrification is a bad word, kind of a swear word,

you know? Because what is gentrification mean? It means white people moving in and moving people out?

I think it's more just money and development. But people do associate it with that and, like

So yeah. So gentrification is the process whereby characters of a poor urban area is changed by wealthier people moving in, improving housing, and attracting new businesses Yeah. Typically displacing current inhabitants of the process. Right. So they're kinda you lose a lot of culture Yeah.

Because you Well, you develop

new culture too. But you you you lose, like, the old culture. Right? That's where I want more access like home ownership. Because if someone owns a home in that area and gentrification happens, you know, they can make a lot of money.

So I want the people who are already there to have access to be able to get into the home and buy it. The renters that get pushed out. Like, the saxophone guy. He's he'd be the 1 that gets pushed out, and that sucks.

Yeah. You lose a lot of authenticity there too. Absolutely. You lose people who know the lore of the neighborhood. Mhmm.

And then everything just starts to be a Panera Bread too,

which really

starts to sell.

Chain. Yeah. The chain.

1 thing that starts to happen in a lot of places is you just run a lot of the and a lot of, a lot of cities start to look the same. Yes. And then you don't have any there's no reason to even go to another city. Like, why do I wanna go there if it's just gonna be another restaurant that's just next door to me? It's the same.

I think they're called, like, 5 by ones. Like, all the buildings that you see everywhere where they're, like, 5 story apartment complexes with the same chains on every floor. This is just the cheapest to build. That's usually what the again, the city messes it up by only zoning for that because everything has to be 1 size fits all.

Yeah. Nashville's ruined. They have a great area there called 12 South, and it has all these, like, great little shops and stores. And then, now it's just been it has, like, a rag and bone. Just like it had, like, quaint vibes.

You could walk down. It just felt like you were in, like, a neat pocket. And then now it just feels like you you can barely tell the difference between there and if you're walking down, like, South Congress in a way.

Yeah. So you're still in Nashville. You ever gonna move to Austin?

I might. I'm thinking about it. You know? I'm thinking about if I could afford to get a home here and keep a home here. You know?

Oh, you could.

Then I would be able to, go back and forth, you know?

Oh, if I financially audit your statements, I know you could get a home. This

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Shopify.com/theo. So just to kinda circle back into where we were. So 1 of the major things you're saying that Gen z faces is

Well, car debt for sure. That's what every American faces.

It's car debt.

It's yeah. Again, you have the car so you can get to work to get

the paycheck to pay for

the car. That's

the first thing my mom said. She's like, okay. You're gonna get a car to get to work to pay for your car.

Yeah.

And it really was the truth kind of. It really was. But also having that freedom was great, you know?

Yes. And I I wanna, like, just kinda correct what I said. Like, I'm totally for driving anywhere if you want to. Just wish there's more options. It's kinda you're forced to drive.

Yeah. That so that's pretty much it.

Oh, yeah. They won't even let you, take a scooter or a lime on the interstate.

Yeah.

You know, which is crazy. Like, there might be 1 state allows it. What state allows scooters on the interstate? Can you bring that up?

What state is allowing you to scooter on a highway?

It might be New Hampshire or something. They don't give a fuck there. As long as you're an organ donor, they'll let you fucking do whatever you want, bro. As long as you are donating, plant based organs back to society.

That's wild.

So, when I was a kid, they had you you felt like you had to have a job. Right?

Mhmm.

And my mom or my, you know, I was raised by my mom. She always had a job. She had a job, like, I I I don't think she only had like, she just it was always work. You know? And, parents would have been ashamed if they didn't have a job.

Do do the younger generations feel that same way? Like, people that you're talking to, do they have that same feeling about work?

No. There is something really interesting happening in our culture right now that I cannot define super well. I always mess up with the words, infatilization. Infantilization? Infantilization.

Yes.

Okay.

Thank you. A lot of people I don't know. Everyone's like, I'm 19. I'm still a child. There's a lot of that conversations that I'm having on my show.

And honestly, I didn't notice it too much until I started my doing my show. And then, you know, being a little active on Reddit or Twitter, It's like everyone's really acting like they're a kid until they're, like, 25 now. I don't really know

that. Baby syndrome kinda.

Yeah. I was so excited to be 18 and have my freedom and just go make money, do what I want, go to college, figure it out. There's so many learning lessons you get during that time period, but now it's like I'm a child. Not everyone, but it definitely feels like a cultural shift. You know those, predator, like, beading videos online?

Oh, yeah. There's so many of them now.

Yeah. The 1 thing that's I I just saw yesterday on Twitter, or X, that was just kinda demonstrating what happens when Gen z meets with those predator beating videos. They lured someone, you know, as usual to meet a underage person to beat the crap out of the person. Mhmm. But the Gen z people lured a 21 year old to meet an 18 year old and beat the shit out of the 21 year old for meeting an 18 year old because it's a huge crazy, underage 18 year old who's a child.

Right. So we must beat the crap out of the 21. It's really weird.

Like, what are you saying? Like, that was just like, they can't even do that. Right? You're saying? Like, or or

No. It's just it's it's thinking that

Oh, I see. It says it says 5 worst eser worst ester? Worst ester? Oh, Brandon's on it. Students charged after Ma beats up falsely accused child predator, and that's in was oh, I'm sorry.

I know this place. Worcester, Mass. 5 students from Assumption University in Worcester are facing charges of kidnapping and is holding a man for a TikTok inspired to catch a predator. Police are saying that the man did nothing wrong as court documents state the man went to meet a woman who was listed as 8 years old online. So so what are we saying here?

Are we saying the school would not say what disciplinary action if any may take? First of all, the math department should take action against these against these fucking predators. Yeah. Because you have to at least be a predator. Yes.

You can't just I mean, it's so hard to meet people now, and the this guy finally comes out of his house to meet somebody and he gets jumped.

That's crazy. But, no, you're seeing it all over social media right now.

But what are you saying about this?

I'm saying that they think you're still a child at 18 and 19 and 20.

Oh, I see. You're saying so that you think part of that was this.

Yeah. I mean, they're talking about age gaps. If you're dating with someone 2 years, like, over 2 years

Mhmm.

People are freaking out now online. It's crazy.

Oh, man.

The pearl clutching is wild online right now. Lots of just, like, over sensationalized. Right. Just everything right now. But I'm seeing that in these conversations Mhmm.

Where people are, like, 20 and they think they're still a child. They don't have to there's no responsibility yet. They can just lean on everyone around them, their family, and they just don't have to take care of anything yet. And that it's kinda hard to see, but that case that we just saw is further demonstrating that impacting other parts of the culture as well. Like, we're seeing it across the board.

Yeah. There's also this on TikTok especially, there's like this victim Olympic stuff going on where people are trying to over victimize. Like, I'm more of a victim than you from this thing. And it's like it's just it's an always over just stepping over each other on who's the biggest victim.

I I I it's so funny you say that. I saw something like this. I love I love where you're at, man. Because even some of the things you're saying, it's like things that I couldn't, you're just at this really unique intersection, I think. I just wanted to say that I'm just realizing that more as I talk to you.

But yeah, I'll see things it's like, yeah, the fires are really bad, but realizing that it's been 11 days since your boyfriend texted you back. Right? And you're like and someone will be walking down the street with flames in the back, but they're making it about them and their boyfriend or something, you know? It's crazy. Or hope my DoorDash is okay.

It looks dangerous out here today and there'll be from their balcony looking for their taco order. And there's buildings on fire. Like, what are we fucking

I don't know,

man. Turn on your stove. And also, leave and go rescue yourself.

Mhmm.

You're gonna risk it all for some raviolis? Yeah. It's just it's almost like people don't even feel like they're gonna die. It's almost like yes. Some before we get before I go off on a too much of a tangent, whose fault do you think that is that there's some of that mentality.

Right?

Dude.

Is it the parents or is it just society? Who's where are you finding the fault of that? You know?

I haven't seen parents, like, talk about it. So I don't see them doing it. I'm sure there's always an impact. Right? Wow.

But I think a lot of the TikTokification of things and I love TikTok. I mean, we got a 1,000,000,000 views on TikTok last year, you know? I'm congratulations, man. Well, thank you. But, like, even still, there's I've seen videos of examples of people talking about a story from their past and they're just sharing a story about something that was just, you know, slightly inconvenient.

And then people go in their comment sections and say, no. Actually, you're a victim. You're a victim of all this, that, this, that. Like, there there was some TikTok I was watching. I don't know.

I think I was watching a reaction to it. Someone was talking about how they had an awkward hand holding experience when they were in high school, and people were going through the comments like, no. You were raped. And it's like, fuck me. Yeah.

And they're just I don't know. It's just this Or navel

thumb raped or knuckle raped, shit, like, stuff like that. You're like, that's what are you gonna do? A swab kit now on my hand, you know?

It's very interesting. So people, it's it's just kind of this reoccurring thing where just everyone's trying to 1 up each other on the victim's scale, but also trying to tell other people that they're victims. It's really interesting. But we're also starting to see a little bit of a cultural shift in it. I feel like where, like, not everyone's, like, respected immediately who comes out of the gate and just, like, you know, tries to act like this big victim

Right.

All the time. Especially other creators that try to come out and be, like, I'm a big victim from this other creator who, like, said something bad about me. And then you can clearly see when you, like, look at their social blade. And that video they made was their most popular video of all time. I'm like, oh, wonder why they did that.

Right. So now they're oh, if somebody gets, views off of victimhood.

Yeah. In some ways. I mean, but

I think you saw go ahead. Well, shitty part is that

actually diminishes like real victims.

Oh, for sure. Well, I think you saw I saw this with Mark Zuckerberg the other day. He was on Joe Rogan's, show, and he was talking about bring up some of the clips. He was talking about how Mark Zuckerberg tells Joe Rogan podcast Biden administration tried to censor memes in surprise episode.

K. These people from the Biden administration would call up our team and, like, scream at them and curse. And it's like these documents are it's all kind of out there. Do you

record any of those phone calls?

I don't no. I don't think I

don't think we were but but I think

I wanna listen.

I mean, their emails the the the emails are published. It's all it's all kind of

out there. And, and they're like

and basically, it just got to this point where we

were like, no. We're not gonna we're not gonna take down things that are true. That's ridiculous. They want us to take down this meme of Leonardo DiCaprio looking at a TV talking about how 10 years from now or something, you know, you're gonna see an ad that says, okay, if you took a COVID vaccine, you're, eligible for, you know, like, for for this kind of payment, like, so this sort of, like, class action lawsuit type meme. And they're like, no.

You have to take that down. And we said, no. We're not we're not gonna take take down humor and satire.

Good. And I first of all, I believe you will probably see things like that because it's a lot how the drug how drug companies work. Right? But I think this is exactly what he's doing. He's because they had, like, there was they admitted before to, like, only putting certain stuff up during, like, deciding them deciding what it was in misinformation or not.

Right? Mhmm. Which which is just it's a it's it's awkward for a platform to decide. Right? Kind of.

Like, unless something is, you know, sexual violence, things like that. I don't think that should be on, you know. But for them to decide for them to decide what was misinformation but I feel like he that's what he's doing here now. He's playing the victim here. He's trying to say Oh,

I see what you're saying.

That, oh, we didn't they're they were telling us to do stuff instead of him saying we were doing these things.

Right? Calling and swearing. Oh, no. Not swearing. Right.

Oh, no. Right. He's just trying to say, oh, we were we were a victim of all this. And you're almost playing. Now you're pointing fingers at a sinking ship since the Biden Biden is, first of all, you know, he's, he's not, it's not fair to communicate with him.

I don't think. And probably hasn't been for a bit because he's just not mentally well. Right. And no judgment against his party or, or, but just to me, I've, I've always felt like they were taking advantage of a senior citizen, right? Like if that were my father or grandfather, I'd be kind of upset, you know, that people are marching him out every day because he believes what you're telling him.

Right? He believes that he's fully capable and competent.

Okay. Alright.

But yeah. In this instance, that that's exactly you say that there's creators doing that. I think this is 1 of the biggest creators, doing exactly what you're saying.

Well, I mean, we had a prime example. We called the episode our our titles are wild, but someone finally walks off financial audit. I guess that's actually not fair.

Someone's title. Finally, what you said just

Walks off financial audit.

Okay.

And, 1 of her big, like, she was a perpetual victim throughout her life. 1 of her big things is she sat down and we were talking about creating a better income for her. And she said, my therapist told me I can't have a boss. So she can't work ever because she's not able to have any kind of authority around her because it would make her to feel too

Triggered or something. Yeah.

Right. So she just couldn't have a boss ever. Right. Also, she can't do any physical activity or labor or anything. So has to sit down and do her veterinary stuff from her house, but won't get hired.

And half of her resume, by the way, was like activist stuff anyway. So, like Right. Someone you'd be a little afraid of hiring because you don't know what they're gonna gonna do to the culture Mhmm. Of the company. So it's not gonna get hired, but she also can't have a boss.

Right. But she kinda low key does have a boss if she's listening to her therapist because in the therapist, like, well, you're gonna pay me. And you're you almost become an employee of your therapist. In some ways, I'm not saying that's exactly what happened, but sometimes that will happen to people. And then, yeah, people are like, I can't lift anything heavy because, like, in a past life, I was a weightlifter or something who was injured.

And you're like, well, fucking, we gotta get the boxes on the shelves. Okay? Like,

it is difficult. Yeah. And, you know, she may have had a physical disability with that, but then not having not not being able to have a boss. Like, you can't just but then complain about how everything's bad. And I let's be honest, there's no way her therapist told her she shouldn't have a boss.

Yeah. A therapist wouldn't say that.

Yeah. Well, that's something you'll pay and then you'll you'll but that book that kind of becomes a, like an emotional race card in a way sometimes where people are like, yeah. My therapist said that, you know.

Yeah. Absolutely. I mean, she she was lost all over the place. So I'm not surprised, but again, she was also another victim kind of in her relationship. She was dating a dude for 8 years.

They got married, but she decided 2 weeks into her marriage, she wants to try titties, you know, just on the other side.

Date women, you mean? Yeah.

Okay. Just go over the other side and hang out a little bit. He didn't want to. So he's a bad person for leaving her because she wanted to, you know, date women 2 weeks into marriage.

Right. You can't just be funding lesbianism if you don't wanna be yeah. It's like Yeah. You can support it, but if your wife leaves you, you shouldn't still have to be the guy funding it.

Yeah. Or if you don't wanna be open, especially yeah.

Yeah. Yeah. You wanna commit a relationship.

So he's the bad guy because

Right. So a lot of people Yeah.

2 weeks into marriage.

What do you, what do you think is the number 1 thing that's preventing Gen zers from working? Or do you think we already talked about that? Let me see where we're at right now.

Well, I mean, honestly, 60 to 70% of Americans say that they're, you know, they report feeling stress about money. 60 to 65 say they are living paycheck to paycheck. 50 to 60 percent can't cover a $1,000 emergency. 1 in 4 have no retirement savings. Median 401 k balance is 30,000.

Like, I mean, there's a lot of things that people gotta catch up on. And the big thing that kinda sucks, and this is where I do feel bad for any younger generation where college is getting more expensive, life gets more expensive. I mean, that's what happens. You need to start saving as early as you can because, like, income's not your biggest wealth building tool as Dave Ramsey says Jeff says. I'd say that time is because you need time in the market to let it grow.

If you put a dollar in at 20, it's worth so much more than a dollar in at 30. But the more expensive things are and the the more we treat you like a child who doesn't have to work and it's okay to take your time after college and it's okay to go into debt and it's okay to do all this stuff. The further you are from not only putting money towards retirement but covering the $1,000 emergency or paying off the debt that's eating 30% interest by year.

Yeah. The more you have that the the more that that mentality is accepted and nurtured and becomes like a habit, then surely the further you are from if you're not even taking care of your responsibilities or, you know, hitting, like, a bottom line or breaking even, then, yeah, you're certainly not gonna be investing. Exactly. Do you see that nepotism is an issue? Because, you know, there's a lot of, like there was always this idea of, like, Reaganomics where, like, the top so percent will have the money and there'll be this trickle down.

Right? Yeah. But that's never really kind of happened, it felt like. Right.

Do you That's interesting. Yeah.

Do you think nepotism just how big of an issue is nepotism? Do you feel like you hear a lot, like, you hear a lot about these days about, like, NEPA babies. Right? Yeah. I just wonder if if you if you hear a lot about, that in, like, the financial world.

Like, oh, you're just like a, trust fund baby or something like that, you know?

Honestly, you don't see too much of that in my world. We've seen people that get, like, a big sum of money. I just talked to someone the other day. She got almost a quarter $1,000,000 from a pass away relative, but she went into that pile of money without any behavior knowledge of how to utilize money. She's only been in debt throughout her entire life, only just blows all her money more than she makes.

So the moment she got that, well, of course, as they get saved or invested or pay off debt, No. It's gone in 5 years. It's blowing it on fun stuff. So there is I'm okay if someone can prove themselves, you know, that they have the talent to be known. And of we all do you have any kids?

I don't have any children. I would like to have some.

Yeah. I mean, you probably want the best future for them.

So Right. You do want the best future for your children. For sure.

You'd probably be willing to utilize some of your connections to help if you can.

Yeah.

And I'm okay with that, but it should also be based on skill. So give them the opportunity, but if they fuck up the opportunity, you know, okay. Like, good luck. Yeah. So I'm I'm good with, Nepo as long as they're proven it a little, but you gotta teach that behavior.

Yeah.

Teach that behavior so they don't just blow through what you give them. Oh, yeah. I was

talking a little Boosie 1 time. He's a rapper if you're not familiar with him, and he was talking about how, like, the hardest thing to teach is your hustle to your children. Mhmm. Right? Like, your same energy for, like if you didn't have certain things growing up, he's like, it is so hard to transfer that energy to your children.

And

at the same time, want to give them just, you know, the basic needs even, you know, and the basic needs and those will be fancier because they're, you have more money to spend. Take me through a couple of examples if you can, Caleb, of, like, Gen zers or millennials and some of the issues, like, just specific things that they showed up with on your show.

Okay. Yeah. I mean, we had, this is a couple we just talked to.

Because it's so entertaining. Like, this is what 1 thing that's so great. It's like it really is. It's just like yeah. It's a financial Jerry Springer.

And it's so funny that you had already coined that term for you for you guys selves.

Well, people use it as an insult, but it's not. So I just accepted it. I just feel

so at all.

I think as long as people are actually getting help and we connect them with resources and they a 1000000 percent know what they're getting into, I think it's just, like, the most fun thing ever. And then they have fun. Then the audience has fun. And what's crazy is, like, we could sit down and we could just, like, do the most boring finance content ever and 50,000 people watch it or something and some people learn something. Or we could do this, like, true real show that is also just also really entertaining.

100 of thousands, millions of people watch it. And then we've calculated about 20,000 people at least have, which is based on comments and things, have gotten out of debt, saved for an emergency fund, have actually changed their life just because of watching this show that has gotten to them that they're interested in.

Yeah. And I think it's almost you you you I can almost see this happening where we will get to, like, to catch a predator videos of, like, you pulling up on somebody or not even you, just the way society is. Right? Because you're kind of at this perfect section of, like, capitalism and, like, voyeurism. Right?

Okay.

Where I could see they're almost being like a to catch a predator of somebody, like, buying something that they can't afford, and you pull up on them on the spot. You know, it's almost like you're catching them in a transaction. Yeah. And it's like, you know you can't afford this, man. What are you doing?

You know?

Chop up their credit card on

the spot. Yeah. Totally. Yeah. Like, I I just I I feel like that that's where we're headed, you know?

Some people could use it.

Oh, for sure. Yeah. Oh, for sure. There's someone walking around a mall right now that should not be in there.

Mm-mm.

That, is pretending, you know, to probably has empty bags in their hands and weights in them. Yeah. Some very lightweights or old clothes. And it's just pretending this illusion of, like, living in some fantasy, you know.

Well, honestly, like, cities like Austin and I I've, you know, Nashville is kinda similar in Austin, so I wouldn't be surprised if Nashville as well. It's like the richer someone looks, likely the poorer they are because they're really compensating. You know? Driving a slightly nicer car, nicer clothes, they're usually in mountains of debt where you just have a dude like Zuckerberg. Well, now he looks a little you know, he's gone carrot head and everything or broccoli head.

But, you know, before, he looked like he was like poverty, but he's a billionaire. So Yeah. Lots of compensation.

Yeah. He kind of has that autism billionaire vibe, you know?

Yeah.

Which I think is, like, kind of the new a lot of billionaires are autistic now. You know, it's like the new thing, you know. So who knows what they're gonna do? Some of them. He looks like he doesn't even eat or anything.

Could you have could you imagine him eating a meal I couldn't?

Yeah. So he's gaining, man. He's getting those gains.

I I know. I'm not saying he's not healthy or something. I just think it's very he he gives off a computer energy to me sometimes.

Oh, yeah. Look up that surfing photo. The I mean, dude

has a dude.

Dude has a dump truck, you know? You don't get that not eating. Alright. Let's look at that thing. Good for him.

And he's in white face there. So, obviously, they were reprogramming him or something. You know, and they that had put his face in the shop for a week or something. No. Certainly an amazing creator, but I just I do think there's this very strong link between autism and, and, technological advancement that I think we'll figure out in the future.

But

That'd be nice. I I think I have a bit of tism, but probably not enough tism to get to the 3 the 3 comma club. Yeah. Yeah. It's a bummer.

Yeah. It's okay. But still, you get graced with a little.

Yeah. The 2 Comma Club. Yeah.

Oh, I beat it. I barely beat it, dude. You know, and they said it was very close in our area. Can you take me through a couple of examples? Absolutely.

Just so, my listeners can know, like, some of the stuff that's on your show. Right?

Yeah. I mean, do you want them to pull some shorts even?

Yeah. I mean, I know we have a couple.

Oh, sure. We were just talking to this, this couple. They're both, the okay. Try not to get canceled, I guess. Lesbian couple.

And they Oh, no.

We know what lesbians are.

Yeah. Yeah. They they just they're obsessed with Disney.

Mhmm.

Lots of Disney adults are. And they're Gen z, and they are obsessed with birthday months. I hear birthday month so much with Gen Z and girl math. And

What is your birthday month that thing?

Birthday month. So you have to celebrate. So for their birthday month, they spent $2,000 on Disney exclusive passes, and then went to Disney World, spent a lot of money on that. Then they're going to Disney World 2 times next month and then 1 time in the summer for different birthdays, different birthday months. And they spent what did I have?

I had $21,000 No way. In 1 month when they make $7,000 a month.

And what is it? It's not like on, like is it, like, lessons to talk like characters? Like, how far like, what are they getting into? I don't know.

They live in Arizona, and they drive to LA to just have their little special birthday month. This is their birthday.

Right. I

can go into debt and fuck my life. It's my birthday.

Oh, I see. So something as simple as your birthday, they can go $20 in a day. Yeah. Right.

The whole month.

Let's see this right here, and this is some of it.

2 Disneys in these last couple months? 2 Disneys next month? You guys are literally 4. We only went for 1 day in November. You still traveled there, bought a gazillion dollars of food Took our nephew for his birthday.

His birthday? And then we went for my birthday. If

I hear 1 more thing out about lesbians and their nephew, you know?

His birthday? I don't give a shit about birthdays. What is his obsession with birthdays? How are you guys getting there from Mesa? Getting 1.

Getting It's in LA, so it costs money to get there. Yeah. We We drive. We drive there. So you're getting places to live?

Does it cover the place to live when you're there? Nope. So you're spending money to spend more money? Yes. Do you get the free food while you're in there and free drinks?

No. We pay for that too separately. Oh, wow. What's that? 10% off Merck.

Got it. This is not fucking crazy.

So yeah. It's like, you would think especially do you can find deals nowadays where they probably could've got some free food vouchers or something like that? Yeah. Yeah.

Yeah. Or just stayed off campus and, you know, when I I'm okay if they go, like, once once a year. They're go they have, like, 5 planned trips already Yeah. For Disney. And what

does that give them? I think, strippers and lesbians love Disneyland. Right? I noticed that. Lesbians also love this.

It's our nephew's birthday. Right? Because for a lot of lesbians, it's probably as close as they will get to having a child. Right? Just because of science, math, or whatever.

And, and nowadays, that's changing some. But for a long time, a lot of lesbians are like, we gotta get our, you know, our nephew. You know? It was like the that's like the biggest craziest thing. You know?

So that I think there's a lot of nephew obsession, in the lesbian community as well, you know. Yeah. But that's a lot of money on Disney. Yeah. It is.

And not much return. You get a a return, but you're an adult also.

Yeah. But unlike most lesbians, I think they're gonna last forever though because they're on the same page. And usually couples that aren't on the same page about money, that's where they divorce. But them, they're on the same page about wanting to ruin their lives for Disney. So it's okay.

They'll they'll be fine. Yeah. They need to

have a Disney. Now I wish Disney had a hostel or kind of like a, section 8 area.

Yeah. They should.

Because that would be very magical if you ended up, like, in the trenches. Yeah.

Instead of the monorail, you get a little spray painted 1. Just little sketchy. Someone tweaking out in there.

Yeah. Yeah. But it has somebody's put, like like, Elsa likes to on the side or something. You know? Yeah.

Or just spray painted some wild shit on it. I think that could be inter kind of interesting. Okay. So you're talking to people that are wasting too much money?

Usually. Lots of debt.

Okay. Lot of debt. What are some other ones that you're seeing?

We lots we had this dude, we frustrated incel buys women instead of dating was the title. Oh. He went into 8,000 hours of credit card debt just so he could go to strip clubs. He sacrificed eating so he had more money to go to strip clubs.

Wow.

2000 hours a week on strip clubs, and his quote was, I'm a sigma male. I can just go to the strip club and get some booty that way. I guess it's easier for him. He's a little disappointed though that he couldn't lick or bite them though. That was his 1 complaint.

Okay. So he's not he did he didn't get the fluid pass or whatever. I don't know what there's a That

was another 1 of our guests that got the fluid pass. Wow. Yeah.

Yeah. Well, strippers is that age old kind of bait and switch. It's the illusion. You know? That's why they always catch men, like, masturbating in their cars outside of strip clubs because they're you know, they've built up this whole illusion.

That's a lot of money to spend on stripping. Now I do I respect the fact that he was going without eating though.

Yeah. There's a lot of people

just like, yeah. I'm gonna snack and whatever and still waste this money.

Yeah. He picked it up in the military. I guess that's what they're all doing overseas.

Visiting strippers in the sun?

Yes. That's how they made it through.

Dieting and visiting strippers. Yeah. I could see that. There was another 1 you had. What was the 1, bring up 1 of the ones that we had pulled up?

The guy in the red suit was a interesting guy.

Oh, yeah.

Well, I took the loan out to fund my emergency fund.

Where is this emergency fund today? I saw about a $1,000

Stop it real quick. So this guy took a a loan out to fund his emergency fund.

Yeah. Like, 20% interest too. Which, by the way, dropped from 2,500. I spent some of it. On what emergency?

Learning how to do hair extensions. Okay. That's an emergency? I wouldn't say it's emergency. I just

What do you think an emergency fund is for?

Out of the emergency fund would buy a,

class for extensions. The interest rate on this is 28.64%.

Yes. Wow. Okay. So originally, it wasn't for the emergency fund. I just thought that that would be a good idea.

Okay.

So let's stop it there. So this is the kind of stuff that you're running into.

Absolutely. All the time.

And this is a young man. He took money out at 28.64% interest to learn hair extension lessons, and that was considered an emergency.

Well, first, the fund is emergency fund. So it takes out 28% even though, like, the best thing you get in a high yield savings is 4% right now, something like that. So you're losing a net 23%. But even so then, he just drains it from the emergency fund to learn hair extensions, which invest in yourself, invest in your skills. We like that.

Right.

At 30%, I don't know. No 1 would say go get a degree for 30% interest. So learning hair extensions of that doesn't make sense. But he wants to move to Thailand to escape it though. Mhmm.

So I think that that's his out. To escape the debt, you mean? To escape capitalism Oh. Is what he specifically said. Yeah.

Do you see a lot of that? I'm gonna fly away to another country? That seems like a very fairy tale type of energy.

Honestly, no. Surprisingly. A lot of people, when they just get overwhelmed by their finances, they really just put their head in the sand. They just forget about it until it all comes and bites them in the ass. And that's usually when they come on in our show.

They realize they've had too much, and they watch 1 of our episodes and, like, oh, shit. I gotta apply. And that that's when we usually see them is when they've realized it's too much, and they're in the most dire situation. But they haven't fully awakened to why. So they're still defensive on things.

I'm sure they're nervous on camera. They're just normal people off the street. But that's why they're still defensive, and they're trying to understand, like, what is going on. And there's lots of cope talk, lots of cope talk across the table for me.

And what does cope talk mean when you use that term?

Yeah. Just like I I I was allowed to do it. It was my birthday month. It's okay.

Excuses.

Yeah. It was okay to go to school for 12 years and take out private student loans to pay for an expensive apartment. I was just trying to survive.

So a lot of people trying to, it seems like, deflect the reality of the world. Yeah. Like, how can what can I do to what class can I take? What school can I stand longer? What can I do to not have to face the fact every day that I have to be the 1 to survive myself?

Absolutely. And I was there too. It just takes that moment. Takes that moment for everything.

I haven't

I haven't hit it for going to the gym or dieting, but it takes that moment for plunging into the deep end. Yeah. There's usually something. For me, it might be a heart attack, but for my finances, it was, you know, shit. I can't pay this month's rent.

I'm continuing the cycle of foreclosure notices. So they usually find their moment, but they just don't know why things are bad, but that's when they come on. We meet them at the bottom. Usually, some need a little further to go, and that sucks to see. Yeah.

That sucks

to see. But people that have come on our show though, the median guest pays off $10,000 in 10 months. Really? So it does work. Like, it works really well.

They just need that wake up call, a little of that adult moment where the it's the first time someone's given them, like, the real shit without without just trying to skate around.

Yeah. Because then also after you have a piece of reality that you're like a moment, like, these are these are real moments with people who have made some mistakes or because we've all been there. I mean, I remember I had a cell phone. I was like, I'm not paying Verizon. They don't know me.

That was what I thought. These fuckers don't know me. Right? And I was on a bicycle at the time. Mhmm.

You know, I was on my bike, on the cell phone, you know, just eating up minutes or whatever, just running up a tab. Mhmm.

And I

was like, these motherfuckers don't know who I am. You know what I'm saying? I like to see him come get this fucking money. Right? And my friend's house who I was living at, his dad was like, get fucked.

Pay the shit. Yeah. You know? And then I I think that's when it started hitting me like, oh, shit. It hit my credit.

Right? Next, I didn't know I had credit. I didn't even know I had credit until they called, like, hey, your credit's bad. I'm like, what is it? Yeah.

And, like, your credit? And I was like, yeah. Dude. Put him on. And they're like, no.

Your credit's bad. And they're like, you owe $1100 to Verizon. I thought you could just run away from it. You can't. But it that was, like, kind of a bottom for me.

I was, like, oh, shit is really real. Right? Mhmm. So I think moments like this are really real to people. And then you have a gentleman here who seems to be kind of fluid, sexually fluid.

I'll say, maybe. I have no idea. He's dressing up like he kind of has to look up. He's like the arch nemesis of, like, the monopoly guy or whatever. Right?

Or kind of like a Christmas sort of like a

Oh, yes.

Like kind of like a,

Carmen San diego.

Yes. Yes. Yes. Like, hey, car like like, kind of like Carl San diego. Right?

Yeah. So I feel like he has this like, and it's a good energy. I like so obviously, he's he's brave to do to have his own vibe. Right? You can tell that.

Right? He's Confident. Confident.

He's a business owner, this guy. He is? Wow. Wanna be business owner.

Wannabe business owner. But then he also has this emergency fund. And I think a lot of people sometimes when they they'll create an emergency fund. A lot of fluid people would be very, like, you know, like, oh, your this jacket doesn't fit. It's an emergency.

You know, the emergencies can be very it's like is that a real emergency type of thing?

They see it as a pile of money. Yeah. And that pile of money needs to be spent, of course. Yeah. Yeah.

Honestly, though, that's still a better mindset than where a lot of people come to. A lot of people will come on the show and they really haven't heard of emergency funds

Mhmm.

And they say their credit card is their emergency fund. Oh. And that's I mean, well, he again, he took a a high interest loan for us. So I guess that's pretty similar. But at least he understood he needed an emergency fund.

Some people think if anything happens, you put it on a credit card. Now a lot of people don't have an option, so they do do that. But then, you know, we try to help them pay off the credit card as quick as

possible. Yeah. What do you see a lot of is there a lot of flexing still? Like, I know that's a thing where people, like, I'm gonna appear this way. Absolutely.

Is that a big thing you're seeing still with, like, millennials and Gen z is, like, the appearance of things? Or some people more go into, like, the emo hole of, like, I don't have anything. I have nothing. I live in a Chipotle deep inside of a Chipotle type of vibe.

No. There there's still lots of flexing and lots of cope spending too. The flexing, I mean, we people we have people come on with, you know, that outfit, I think was a couple $1,000.

No way.

Really? Yeah. It was very expensive. I didn't think it was. But even he had red sunglasses too.

They were, like, a few $100. It was crazy.

Hats like that. Those hats are kind of costly. I know.

Yeah. I mean, we've had a dude come on with, you know, crazy rings on every single finger, but he had nothing to his name. I remember he had kids and they're basically growing up in poverty, but at least he has the rings. So there's there's always lots of flexing. People care about what the person next to them at the stoplight thinks about their car.

Yeah. You know? Even though that person will never remember them 30 seconds from then. Yeah. I've had lots of people that I talked to where I tried to get them out of a $40,000 car loan when they make $30,000 that they can't afford.

And I'm like, let's just try to get you into a $10,000 car. And then they scoff a a 10000 hour car, like, I'm gonna be seen in a 10000 hour car. That mindset is kinda gross, honestly.

Right. Because you're it's not even a re because you're not living in your own reality then. It's like yeah. I think that was a blessing about having a shitty car when I was a kid. I could buy I've earned the money.

I bought the car. It was a piece of shit. Someone stole the passenger seat, but I drove it, you know. Mhmm. People would get in and just had to get in immediately into the back seat.

Yeah. You know? But it was like I drove but it was

But you learn the value of it. Oh, yeah. And that's the important part. So many people that can just lean on others and especially those get we see so much enablement where they get into a hard time, but then their parents bailed them out. There's nothing wrong with the heart of wanting to help someone out, but they never learn their lesson.

And then they never understand the value of $1,000 even or just a dollar, just a dollar. But like, there's so many instances where I'm talking about $300 that they're spending on something. And that means nothing nothing to them. Like, $300 isn't a lot of money when it could be make or break for these people just making a necessary payment, avoiding a repo. But then $300 is nothing to them.

They just don't understand the value of a dollar because they never had to. Right. Because you had that car, you had to put money into fixing that car probably multiple times or being terrified of it just bottoming out on the street. You understood the value of it. So you you're not just, like, being disrespectful with your car purchases going forward.

You understand it.

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That's better help, h e l p.com/the0. And if you've been struggling, man, we've all been there. Or woman, we've all been there, and this too shall pass. Are there a lot of, get rich now type of energy out there?

Oh, yes.

Is there?

And, that kinda goes back to TikTok and YouTube.

Yeah. Taking to some of that. What do you think, what is some of that? What is, yeah, what is some of that get rich in it? Yeah.

So that get rich now energy. What is that?

Pyramid schemes people are falling into. I had someone going into a ball Python pyramid scheme that I just talked to. No way. Yeah. So he buys 10 baby ball pythons from his friend.

Mhmm.

But how do you make money off of these ball pythons that are supposed to breed?

Okay. So hold on. You get 10 baby ball pythons, and then you pay somebody, you get the 10 baby ball pythons. Okay. And now what do I do with these baby ball pythons?

How how do I get pyramid ed in?

Well, how do you make money? What would you what would you do to make money off of baby ball pythons?

I think you'd have to made them and then sell 10 to somebody else.

Yeah. Now who's buying them?

People you know.

No. People that wanna buy them so that they can breed them to sell them to people who breed them. Okay. Because people aren't buying them for pets. You go to a PetSmart for that.

No one's buying from these guys.

Right.

You buy the baby paw pythons hoping they make kids so that you can sell them to others who wanna make kids and sell to others. And he got sucked into that tens of 1,000 of dollars. And his 90 day fiancee wife from somewhere in Central America is, like, freaking out about this. She moved here, sacrificed everything, and this dude's blowing all his money on this. And also, like a million other side hustles, he's trying to do the power washing.

He's trying to do the car detailing. Anything that is a TikTok get rich quick type of thing or even just the side hustle things that some people do make work, he is just falling into it. And the Python says this is his most recent example. But the pythons he bought have gone down 50% in value because apparently, you can day trade you can day trade the ball pythons on, like, a little market app.

There's a market app for day trading ball pythons? Yeah. So so not only has somebody created a pyramid scheme of ball Pythoning. Right? So you're ball Pythoning.

You're you're, you know, you're you're selling a few grams of ball Python here, you know, an 8 an 8 ball Python here, and then you but then the whole time somebody's also whoever engineered this fucking thing, also created an app where there's, like, almost a ball Python coin market. So that's going up and down as well. Yeah. So you're basically driving around town with a back seat full of ball pythons waiting for the market to go up enough.

Yeah.

So you can pull over and dry and put a couple ball pythons on somebody's tab.

Yeah. Wow. That's my exit strategy.

Bring that up. What the fuck? What in the fuck is happening, man?

That's Haaktuah's next pump and dump.

I know. Where's she been at? She went to bed. Somebody said she went to Barbados or something, and she moved out of the country. Okay.

But so so that's a new thing that's going on. Apparently. What's another 1 that's going on? Any other pyramid schemes?

Lots of people getting into the knives pyramid schemes. They're buying, you know I I don't even know what they're called. I've never joined them, but they buy knives to sell to other people. So lots of those lots of people getting into the day trading life, crypto life. I we had some old guy with no retirement.

Poor dude. I felt so bad. Actually, he, like, blew through a $1,000,000 somehow. I filmed it a couple years ago. And super nice dude, but he fell into this pyramid scheme of, you, like, buy these nutrients that people can take, and then but you hope they come to a storefront to step in a body scanner that tells them how healthy they are, then they buy your nutrients.

But I asked if we could come by and tour his business like a couple months after that. He kinda fell off the face of the Earth. I feel like his shop doesn't exist anywhere on Google Maps, so I think that pyramid scheme collapsed. Well, the reality is though. Yeah.

The reality is, in retirement, again, we already talked about 15 to 25 20% are actually able to or actually 15 to 20% of people take early withdrawals before even 60

Mhmm.

And that the median 401 k bounces 30,000, but it's low and slow. That's all it is. You know, you're cooking a nice piece of meat. It's low and slow. That's what your retirement fund needs to be.

You're just hoping it doubles like every 7 years or so in the market. You just gotta be investing like 20% a year. 20% a year.

20% a year is a lot.

It's a lot. But if you accurately budget, it can be relatively decent.

The We We have $5 a week is a is a great amount.

Yeah. Starting anywhere is great. Starting anywhere. I mean, that's why you focus on getting out of debt first so that you have more to invest. Right.

You know, out of the high interest debt. But what a lot of people suggest is 50, 30, 20. 50% on needs, 30% on wants because you wanna be able to live. What's the point of being here if we're not having fun? And then 20% to investing.

So it's still the smallest percentage.

Okay. But Say if you have, debt. Right?

Yeah.

And you could save $5 Mhmm. Every week.

What's the debt?

You could save, say you have say you're $10,000 in debt. Okay. And you're 25 years old.

Okay.

And you could save $20 a week. Right? Would you rather you put that $20 a week towards paying off the debt, or is it better to take that 20 and put it towards, just like a long term investment?

Well, couple qualifications. Like, what would you say the interest rate of the debt is, and what is the debt? That's a

good point. I would say the interest rate of the debt is probably gonna be about 14% or something.

Oh, yeah. Absolutely. Debt immediately. Because 1, it's probably not even an asset. Like, at least a car is an asset, even if it's a depreciating 1.

But let's just say it's a credit card

Mhmm. Or a

private student loan. You know, that's not going to benefit anything at that point. Got it. So pay that off. And then the other question is there's also the 3rd category.

Do you have an emergency fund? If you don't have an emergency fund, then at that point, we're still funding the emergency fund over investing because you need to protect yourself in case of the rainy day, and the rainy day always comes.

Because there's this mentality I think someone's like, oh, I'm not gonna have that credit card. I'm gonna invest I'm gonna save this money and invest. You know what I'm saying? Like, I'm gonna invest in instead, but you're really just reverse engineering a nightmare kind of.

Best thing you're gonna get if you're just buying into the overall US stock market is an 8% return averaged out because that's what it's been all up years down years since the beginning. It's been 8%. So if you have 15% debt, you know, you're you're just not making the difference.

Right. Is is college still considered a normal path for a lot of Gen z?

Yeah. It can be. College people just do college in a really stupid way though. People go to the dream school that has the sports team they want for the major that doesn't make money. So it's not that college is the bad thing.

It's you can do it the right way. Get your gen ads out of the way at a community college. Something, you know, ACC here is super cheap. You can go over a couple $100 a semester and get some credits.

Lot of diversity too at those colleges. You wanna meet some, you know what I'm saying? An Asian girl or guy or something?

Yeah. Do it. And larger class sizes as well. So there's a benefit, instead of a big hall that you get in university. So you get more 1 on 1 time with professors at community college.

It's actually usually just kind of better education. Just also statistically, the people that are going to community college are also more likely to drop out. So that's why some of the metrics are a little bit skewed.

And if you're gonna drop out, then you're dropping out there at a cheaper,

sure,

at a cheaper rate.

But then you don't have to go out of state. You don't have to go to the private college. You don't have to go to the college that has your favorite sports team that's gonna go in the, you know, gonna win a national championship in football. You don't need that. Right.

And then

also when you're going to college, is it gonna have a return on the investment for the degree you're actually trying to get to? And if you don't know what you wanna do, there's nothing wrong with taking a year off between high school and college to figure some things out. Maybe do a trade. Look or look at a trade. See if you're interested in that.

Take a career quiz.

By trade, you mean?

Yeah. Just look and see if that's something you're interested in. And then you can go to trade school in a smart and dumb way as well. There's expensive ones out there, and there's just average ones. And I don't want you to focus all your money and time on something you don't even wanna do just because it's like, oh, plumber.

They make great money these days. You know, the medians, whatever it is, but it's, like, pretty good. If you don't have any interest in getting on your hands and knees and doing that shit, you know, maybe we're not doing that. Right.

Yeah. You wanna have a you wanna have some interest in what you're doing for sure, and you wanna find something. I mean, that's 1 nice thing. It sounds about going to a community college or going to a college is taking us some different, courses and seeing, like, well, what what might I be interested in, you know? You know, I know I like something about this, but I don't know what it is yet.

Let me get at least into that realm of classes.

Absolutely. I mean, you have to remember, people that go to college, 40% 40% drop out. So this is not a guaranteed thing. People think just because they're gonna go to college, okay, my life is set now. 40% who take out student loans drop out of college.

Wow. I was 1 of them. I dropped out $40,000 of federal student loans and 12,000 private.

Wow. Really? Yeah. Yeah. It took me, I think, 11 years or something or 10a half or 10 and 6, 5, 6 year.

Almost a yeah. Like, 11 years, I think, to do college. Yeah.

It happens.

And it cost money. Dude, I took a couple classes, like, you already took this class and all those I remember being, like, yeah, I know. I'm good at it. I'm gonna fucking take it again.

Really? Yeah. Okay. Get doubling up the degree?

Yeah. And just, like and I remember 1 time this teacher gave me a b. I went and took her class again to fucking prove to her I could get an a Did

you prove to her?

I think she got laid off. She was dealing with, like, addiction, pill addiction. Mhmm. But I I did a good you know, I did my best. That's for sure.

What are what are some things say somebody's, they don't know what they're doing right now. Right? They don't know. What are, some let's go over some, like, blue collar and the non blue collar jobs that people could do. You could start at home.

I've always said pressure washing. I grew up in a neighborhood where

Yeah.

If you wanted to get a leg up, you could get a pressure washer a couple $100.

Sure.

You didn't get a nice 1 for like 5, $600. Now you have to get that money first, but

Yes.

It's realistic. And then you can start pressure. What you can go to a wealthy person's area and be like, hey, I'll pressure us and you can do a good job. What are some other jobs like that that you, recommend to people to get started, if they don't really have anything?

Yeah. I mean, there's nothing wrong with dropping some Mcfries, you know, just to try to pay the bills. People look down on that. There's nothing wrong with these these extra, you know, for the fast food jobs even, just while you're trying to pay your way through school. I mean, the Summer Moon coffee shop, I like, you know, the their their moon milk creamer.

I basically lactate that shit.

Summer Moon, it's called? Yeah. I just went to a place called 2 Hands.

Okay. Also good, I think.

Yeah. They have nice people that work there.

Yeah. But they were hiring just a barista. The the manager was talking to me. He's like, dude, get someone on your show to come work for me. I need to hire people.

$18 an hour. You know? 8 that's not bad.

Mhmm.

Austin's pretty expensive, but $18 an hour is not bad. And And that's a great place to just start. Get your foot in the door. There's nothing wrong with the side hustles either. Kinda like the power washing.

A lot of people view that as like a side hustle. Hopefully, turning into a full hustle at some point. What I caution a lot of people though is a lot of people go into that and they're like, okay. Now I need the pressure washer. I need the nice pressure washer.

Oh, yeah. Oh, wait. I need the truck to be able to move it around. That was the guy that we just the ball python guy. He had to buy a truck so that he could move his pressure washer around.

So that's Yeah. I don't wanna show

up with 10 snakes in a fucking, Ford Festiva or in a Dodge Neon. Right. You know?

Yeah. Like,

these snakes deserve a classy automobile. I was like, what the fuck are you talking about, dude?

Yeah. People get more excited about the the actual job, the journey, the entrepreneurship more than the actual grind of

it. Yeah. Yeah. That is a huge trap, isn't it? Yeah.

Yeah. I'm gonna look the part so much, but you still have to do the part. Yeah.

And there's nothing with just get into a bank as well. Get into a bank, work as a teller. Yeah. Sit down and just talk talk talk different loans to people as well. I mean, there's lots of jobs that don't necessarily require a degree that you can get into.

I remember when I first moved to Los Angeles, we put up flyers everywhere. We would, do refrigerator cleaning. Right? Nobody wants to clean their refrigerator. Yeah.

And for a $200, we come and clean your refrigerator. It would just take every just clean I mean, clean it good.

Yeah.

And, bro, I was shocked at how many people were like, I will in a heartbeat. Absolutely. This bitch. A lot of perverts to trying to fucking touch your back or whatever while you were cleaning.

Oh, sure.

But you fucking chalk it up to the 200. Kev have somebody on watch while you clean back and forth.

Okay. Yeah.

But, dog walking, that was another thing. Something you could do. Right? Car cleaning. I remember, if you liked cleaning cars, you like cleaning your car.

Mhmm. If you do something well, somebody will pay you to do that well for them. Right? That's 1 thing that I always think.

We used to have us, on the street audit show that we did just back in the day when I was testing things out. And I met this dude Like,

typically do that on the street audit show. That sounds really cool.

I just walk up to people, you know, those kinda camera in the face things, but I would just ask them money questions about their finances and then just kinda get my thoughts on it. But we met this dude who, you know, Rover?

Rover?

The app?

Like, Rover The dogs?

No. So it's the dog walking that you're mentioning. So you can hire dog watchers, walkers, or anything off of Rover. And

Oh, wow. Yeah. Beautiful animals on there. Is that a Corgi?

He's making a 175,000 hours

a year doing that. No. He's not. Walking dogs.

House sitting dogs. But because it's just house sitting

Mhmm.

He can also work his full time tech job from the house that he's sitting. So he's making, like, 300000 hours a year. Yeah. Right. There's a lot you could do.

No degree required for that. Sit in someone's house, feed their dog, take him out.

And the funny thing is, man, I'll say this. Once you start doing something, you don't know where it's gonna lead. I will be so shocked how many times it's like, okay, you're a barista. You become a good barista. Then somebody who runs a company of some sort, they show up, they see a good worker when they know when they see 1.

Like, what are you making here? Are you making $18 an hour plus tips? I'll pay you $80,000 a year to come work right next door. You know? Why don't you come in tomorrow when we just talk about it, see if it's something you would like?

Just because they see your work ethic, or I'll pay you it's just it's amazing. Sometimes when when somebody who runs a business starts to see good work ethic, that they will latch onto it immediately. Absolutely. But also the things you don't know. It's like you start with a small thing, and then next thing you know, it's like like my brother was a tree cutter.

Right? He started just cutting down trees. And after a couple months, he was like, oh, wait. I could be the foreman. I understand how this works.

And I I I I can do the foreman's job. Right? I need to learn more.

Mhmm.

But once I learn more, I'd be happy to hire some other tree guys and put up my own advertising. Like, the barrier to entry to things, it's not as hard as you think a lot of times. Mhmm. It's just you don't know it until you start.

Yeah. 1 of the first full time editors that I hired, dude, was making, the math worked out to almost, like, $6 an hour working for a YouTuber, but his editing was great. And with the different incentives and everything I, give just based on skill, he was making $6 an hour to now a 100 Yeah. 1,000 a year.

Yeah. I

have a So, like, if you can prove it

Right. And I have a friend who's, been doing some personal assistant thing for another friend. And I was like, bro, you should start learning social media edits. Learn how to do them. Mhmm.

So then whenever you're with this guy, now you could, you know, just capture a couple things on your phone, put it through 1 of these kind of like fill different filters or different programs that they have online. You know, there's cap, there's all these different things. And next thing you know, you can show him 3 examples the next day. And now the next time he hired you to, you know, to go out with him for an EV or whatever it is, you know, you can tack on an extra $30 an hour because you're going to make a sick edit for him or something. You know, like there's just, there's a lot of things that you can do.

I think, that's kind of an easy 1 you can learn is how to become a social media editor, video editor.

Yes.

Now you're gonna have to have a computer that works to do it, and you're gonna have to have at least your your cell phone to be able to do that. But I think that that's realistic. Trying to think of what else. Oh, carpet cleaning is something that people don't wanna do a lot of times.

Yeah. So, I mean, that's my small business or that's what the small business my dad owns is is just, you know, a little power wash and window cleaning, carpet cleaning. Wow. And that's what took him from, you know, being a cashier at a gas station when we were poor when I was born to now they're doing really well because you can grow that. You can scale that.

They opened a second branch. They're doing well. Yeah. There's a lot of opportunities there. And then in, like, the video editing world, just if you're just asking yourself, what can I do to make that person's life easier?

They'll give you money.

Yeah. Yeah. I agree. Try to think of some other ones work from home that aren't as blue collar. I know there's data entry is 1.

I see a lot of advertisements for data entry. Is that a valid 1?

It it could I honestly, I have no idea. It could be.

Yeah. Yeah. Look that up. Is data entry a valid, gateway job or something?

I mean, honestly, just any way to get into, a building, a business, and just getting to know management there and working with them, and just asking what do they need and being able to fulfill those tasks, you'll move up.

Yeah. 50 according to current data, an entry level data entry position, typically pays around 15 to $20 per hour in the US with an average annual salary ranging from 30,000 to 40,000. And

are you gonna do that your whole life? No. But sometimes just getting into the companies.

You may need to do it for a couple months to get out of, to get out of a situation, you know. Maybe you could do it while your kids at school. You know what I'm saying? Like, just if I'm just trying to think of little ways. I know that these are obviously me saying these things and I have no idea what some of people's real lives are like.

No.

Of course. But in the conversations, what I see are people looking down on shops like that.

Right.

They're not willing to even though they're not paying their bill.

Yeah. Right.

It's like at that point, everyone's just looking down upon them. I mean, the car company is that's about to repo them. The bank is looking down on them. They can work that job. They can work the McDonald's.

Whatever it is, just make ends meet.

Have you ever had somebody come up with a business idea that was just repulsive? Mhmm. And you saw them going down a road and you're like

That old guy I was telling you about, he did pump, like, about a $1,000,000 into this whole thing, really. His entire life savings. Everything he's worked for into his sixties, seventies, wherever he was. And again, the machine, whatever this body scanning machine is, I don't I'm not in that world, so I don't know. But I know it was like 50,000 or something crazy.

And he's the storefront that he was investing in. Again, just a quarter later

bio frequency gadgets are a total scam. Let's let's zoom in on this, see if this sounds like it. I would like to find this so we can put this out. This is interesting. I recently asked what I thought about the SolEx AOScan.

This website for the product includes this claim, AOScan technology by SolEx is an elegant yet simple but it used frequency technology based on Tesla, Einstein, and other prominent scientists' discoveries. It uses delicate biofrequencies and electromagnetic signals to communicate with the body. Was it something like that or no? It had nutrients involved, you said?

Well, no. He used the results to try to sell people to get nutrients.

Oh, I see.

And that was the pyramid scheme he was a part of.

Got it. So first, there's gonna be a place where people are gonna get this scanned on. Mhmm. And then based on the the the outcomes of the scan, you're gonna be able to sell them nutrients to get them equal.

Exactly.

Get them whole. Wow. Man, it's it's crazy the level of people. We had a glitter mining thing by us growing up. People sold these glitter like you could buy shares of glitter mines or whatever where they were mining glitter, and they fucking robbed so many of us.

Oh, yeah. I was in a pyramid scheme too. I put I lost something.

What'd you sell?

Just it was like use it would be basically sold somebody right into a pyramid. Like, I got into and it was the on the chart, it was a pyramid. Yeah. And it was, like, well, I remember asking somebody, like, is this a pyramid scheme? And they're, like, I don't know.

Do you

remember what you're selling?

Just you sold literally the square that you had. It was, like, I'm gonna sell somebody sold me a square. And then I was like, okay. Now I get 2 squares. I get to sell 2 squares.

It was a it was a

That is like a literal thing. Okay. Yeah.

And dude, the crazy part was I remember asking my friend's dad about it and he had bought into it too. So everybody got took by us.

We see people get into the makeup 1 a lot.

The makeup pyramid scheme?

Yeah. This is where you you buy makeup from someone else and you sell that to other people and you try to recruit people to sell makeup and

Well, there's like Donna, what's that Donna? What's that k? Mary k?

Mary k. We get lots of Mary k's.

You do?

Yes. Absolutely.

I'll tell you a story. I was at, in West Virginia. I was doing a show there 1 weekend and they had the grand sellers of the Mary Kay Group, and they all had Cadillacs

or whatever.

And they were doing a big thing there, and they all pulled up. I mean, they must had 40 different Cadillacs that they pulled

up in there. They figured out the game.

Multilevel marketing. Right? So it's kind of yeah. I mean

Again, people don't wanna do the low and slow. They wanna get rich now. Right. They're not willing to just invest and hopefully hit that 59a half. That's when you can withdraw from your retirement tax advantage retirement accounts without a penalty.

Is that 1 of the things you see with, the younger generation? It's just because of TikTok, there's so many more schemes out there.

Yeah. It's

people wanting the easy way out.

Absolutely. Because they see other people that have a proven success rate to actually do it. Mhmm. So it's just a quick way to get to wealthiness. And 60 seems so far to a 20 year old.

So far. Yeah. What were some I know there were some, trying to think of some different inventions or schemes. There was 1 called Dyna Dyna, d y n a. It was a bike wheel.

This thing was crazy. Dyna bike wheel. This was it. Pull up this DynaSphere. DynaSphere vehicle.

Zoom in. The Dynasphere is a monowheel vehicle designed designed patented in 1930 by John Archibald Purves, from Somerset, UK. Purves idea for the vehicle was inspired by a sketch made by Leonardo da Vinci. Look at this thing. 2 prototypes were initially built.

A smaller electric model and 1 with a gasoline motor. Let me see. The driver's seat and the motor were part of 1 unit mounted with wheels upon the interior rails of the outer hoop. I mean, this thing looks crazy. If you could you can't see this, on audio, but it's basically a guy driving a huge tire around, the singular driving seat and motor unit when powered forward would thus try to climb up the spherical rails, which would cause the lattice cage to roll forward.

So basically you're in a fair. It's like something you'd be in at a carnival. Steering of the prototype was crude, requiring the driver to lean in the direction sought to travel. Though, Purves envisioned future models equipped with gears that would shift the inner housing without leaning, thus tipping the dinosaur in the direction of travel. Purves, a novelty model was later constructed by Purves that could seat 8 passengers.

The Dynasphere 8 made specifically for beach use.

I wanna see that. How do you fit 8 people on that?

Looks like a beach. Well, it's basically like a hamster wheel. If you guys could imagine a hamster wheel that someone drove. Oh, there you go. There's that 8 seater.

Oh, that's kinda cool. You get to sit in a circle and it just cruises. That's romantic. Yeah. Okay.

Go back. I just wanna see what happened to it. It was also impossible to steer or break another aspect of the vehicle that received while the mere while the vehicle could move along just fine, it was also impossible to steer or brake. Another aspect of the vehicle that received criticism was the phenomenon of, gurbling of gurbling. The tendency when accelerating or breaking the vehicle for the independent housing holding the driver within the monowind to spin within the moving structure.

Imagine you slam on the brakes. Right? The vehicle stops, but you just keep spinning in the middle.

We need the Elon to get on this. Bring it back. Yeah.

That's something we need back. What else did that I'm trying to think of a oh, the banana slicer. Can you see if you find that 1? This was something that somebody invented. The problem was no.

Go to that 1 right there on the right. Hutzler. Go to the hutzler right there. It was a 1 size fits all. Your banana had to be 1 size.

Right.

So if your banana was obtuse or if it was like I don't wanna say an African banana or whatever. But if it was a different type of banana or Filipino banana, I don't think this you had you couldn't use this 1. But that's crazy to think about. Right? Yeah.

That somebody invented that? That was kind of a crazy 1. Trying to think of anything else I remember hearing about. Oh, there's always that baby cage that was people would put that baby outside of the window. Remember that?

That baby cage out window. Yeah.

Hung it from window. Yeah.

There you go. Right there. Get that little baby at that cage, baby. The bizarre history at a baby cage. Pull up.

Click on that. Get me a link to that, daddy.

It's a little outswitcy.

Little outswitsy. Yeah? Little outsideswitsy. Yeah. Okay.

Little, play on words there. Dangling baby cages came into vogue after they were invented in 1922, but their origins really began with the 8 9 1884 book, the care of feeding of children, by Emmett Holt. Emmett carefully describes how babies need to be aired out. Fresh air is required to renew and purify the blood, and this is just as necessary for health and growth as proper food. And what were those cages?

How big was that baby cage, daddy? Oh, that baby's enjoying it. It's gotta be kinda nice. Put your baby out there for an hour. Let him meet a bird or whatever.

Yeah. Have a falcon fucking befriend him. It was believed that exposing infants to cold temperatures both outside and through cold water bathing would grant them a certain immunity to catching minor illnesses. I could see some of that.

Just the first cold plunge.

Yeah. That's all it is. Yeah. Yeah. That's the first gold plunge right there.

That's that's Wim Hof. I think that's 1 of the earliest pictures of Wim Hof right there. That's Joe Rogan right there when he's a baby. Tell me a little bit about your own budgeting at simpler budget so I can make sure that, people know about that young people who are confused or they don't wanna end up in a bad, financial realm. Tell me about simpler budget.

The first part of just, like, fixing finances is the budget. Because you gotta know what's going in and out. And a lot of people overcomplicate it. They get a spreadsheet that they can't manage or they download an app like you need a budget, which is another really good 1, but it's like so complicated and the learning curve is huge and it has all these qualifications for so many things that you just don't need. People that are in bad finances literally just need 1 place where they can just connect their accounts, tells them where money's going, and you can figure out where to actually stop spending money or close a credit card or we even we're tracking different, accounts where you can see your investments as well.

So you can see if you're on track and whatnot. So just that simple stuff. And what a lot of people struggle with, even if they create a simple budget on a spreadsheet, they don't come back to it the next month. So they make the budget, but then they don't actively budget. Because budgeting is not just making a budget.

You gotta stick to it. You gotta follow it. So this helps you by setting alerts and whatever you need and continued education and the, you know, premium version. We have these classes with financial professionals that you can join live and ask them questions, and they help mentor you.

Now are these classes more valuable than the original classes? So these are real classes. These are valuable classes.

Yeah. Well, these are financial professionals, you know, certified financial planners and people with budgeting experience. Yeah. The other thing we talked about at the beginning, that was just teaching how to day trade. So that's the

That's right. So day trading in its own right is risky. This is teaching people how to save and budget

and plan. Budget. Proven things that, like, the most every licensed financial professional would talk about. So keeping people on track. People just need those extra motivations.

A lot of people watch our show that are on that are on track to budget and pay off debt, but they keep coming back because it helps them stay motivated throughout the week.

For sure. It's just like it's almost like going to recovery meetings or AA meetings. Like, you go to the meetings just to keep the word in your head. Right? You wanna stay motivated.

Now I love the idea that you have this world that's entertaining, but then the back end of the entertainment is let's keep people budgeted and on track. It's, like, it's exactly really what a lot of young generation needs because things have everything has entertainment value now. It's like, you know, you're at a funeral and there's people, you know, like, they're selling albums and shit or whatever. Like, they're, you know, but, you know, there's everything has entertainment value now. So to have an entertainment value with financial with adding financial structure to people's lives, I think it's really amazing.

There's a lot of people out there that you don't know if you can trust. I've seen them in in over my lifetime where you come with these guys. I'm gonna name some of these guys, financier types in the world. And, can you will you be willing to just give me your take?

If I know them. Yeah.

If you know them. Okay.

Grant pull them up.

Okay. Grant Cardone is 1.

Yeah. Grant Cardone, 1 thing 1 message that I've kinda know about him is he he's okay with going into a lot of debt and risking everything in order to get, you know, property or start a business. He's like, if you're not making 6 figures at 21 year of failure, I think, you know, like, hopefully, I'm not putting words into his mouth because I don't follow a lot of his stuff. But I know, it's a little too risky for my taste. Okay.

A little too risky. A little too flexing of wealth. Him with his private jet there. That's, you know, that's I get the aspirational part. That's great.

You know, maybe you'll get there someday, but let's just be realistic for the average American, low and slow, invest, try to get to retirement.

Yeah. I think a flexing of wealth is so bizarre to me because I would never want I would never if I looked at something, somebody else said, I would feel bad if I don't have it. I feel like or part of me would. Okay. Part of me would feel inferior or something.

Maybe not, like, up here, but somewhere in my head, I was like, oh, I'm not good enough for some. I don't understand some of those why people do that sort of thing. But I also understand that's just my school of thought and that some people like this aspirational style. Like, you know what I'm saying? Let's see the flash and that motivates some people.

So I think there's a motivational tactic in it. Alex Hormazi. You know him?

Oh, yeah. I think he's really good in, like, the motivational part. You know, I don't know a lot about his own financial advice, but in terms of, you know, really being motivated for your entrepreneurial Mhmm. Mindset, that's been really good. And honestly, I I I've watched a couple of videos when I was dealing with a couple, you know, issues while we were scaling our business and just, like, you know, what what does this guy do?

He built, like, a multimillion $100,000,000 business. Wow. And, you know, obviously, that's if someone's done it, maybe listen to them. Yeah. So I've listened to a couple things that have been beneficial from him.

Tai Lopez. He's the famous guy that would read a book a day. That shit always was crazy to me.

I think this is the guy that kinda put a bad taste in everyone's mouth about buying courses online, which kinda sucks. Yeah. Because I think you can we put a lot of time and value and resources in producing educational content, that, you know, people could pay for that helps guide them a little more handheld. And we've seen, like, 1 of the lowest refund rates even though we offer free refunds, like, no matter what. And we've seen, like, the lowest refund rate in the industry.

But so many people immediately, they see the class and, like, all it's a scam. It's a scam. You have to pay for it. It's a scam.

Right. And

it kinda started with this dude selling a course on a 1,000,000 different things.

We had the book in a day shit was always weird. Like, I don't even know if I wanna talk to a guy who just read Where the Red Fern Grows. You know what I'm saying? Like, I don't know who I if I wanna fucking talk to the guy who just read that in 1 day.

But, again, it was also the it was the Grant Cardone, like, well, flexing thing. All his videos were, like, you know, behind, Lamborghini in a garage, and that's not where the average person's gonna be, and that's okay. It's okay to be poor. It's fun. Well, it's okay to be settled with just a good content retirement.

Not everyone needs to risk everything to go crazy and go into a lot of debt on a big risk. Not that that's what he advocates for, but

Yeah. And having a job is just

1 of

the most important things. I remember my buddy's dad would always just say, do you have a job? It's the first thing he would ask me every time I was on, do you have a job? If I had a job, he'd talk to me. If I didn't have a job, he wouldn't talk.

It's just like you need to have a job. You need to have something you are doing, and not because you need to be part of capitalists, but because you need to go and do something. Right? You have to have a job. It can be, you know, you're making something at home that you're aiming towards selling or doing.

But you wanna have some motivation. A job is just a form of motivation. It's just an active motivation.

Oh, there's some purpose. People find purpose in jobs. Some some people are purposeless after retirement.

Oh.

People do you know fire? Do you know fire?

Do I know fire? Fire, fire?

The the independence movement where you stack up as much money as possible and invest it all like crazy so you can retire at, like, 45.

Mhmm.

A lot of people did that, and no one's really doing anymore because everyone retired at 45 with a few $1,000,000, and they're bored, and they have no purpose, and there's nothing because they don't have a job. They have a family maybe, but they don't have the purpose.

Oh, I know. I have some women friends that have, like, spent that really got focused on, and they've now they want families and stuff. And so now that's a little bit tough for some of them.

Oh, sure.

I think fire affects women probably differently because they can have children maybe too, you know, if they focus so much. But even guys, like, I mean, I focus on work mostly. My biggest relationship is my work. You know? It's like I don't have a relationship right now.

I'm not lamenting about it. I would like to get married or something, but when I'm like, who's my spouse? It's my work, you know? I put a wedding ring on my job, you know. I like I like working.

The second I think about doing something, I think about working, you know. What about, Gary Vaynerchuk? He's kind of a wild 1, Gary's always been like the guy. He's like, oh, you got silverware in your house? Sell it.

Sell it right now. You know? K. Sell you silverware. Sell your house.

How much is your house worth? 3,000? Right.

To get out of debt or what?

Sell the silverware $65. And then you'll pull up a guy. I'll be standing in a park. Right? Because he has nowhere to live now.

He's eating soup with his hand because he has no more utensils. And I and Gary will be, like, how much money you got? And he goes, like, I got $4,000 cash on that. He's, like, you fucking did it, buddy. And he'll hug him and then drive off in a limousine.

Right? Alright. But it's like that's the thing. It's like you just don't want any loose cash sitting around. You know?

What's the fuck? Oh, your grandmother's asleep. Sell her fucking on nightgown while she's resting. She don't need it. You know, it's like anything.

Anything they have, lease it out. Your grandfather's taking a nap, lease out his eyeglasses while he's resting. You know? It just all type of stuff like that, man.

Do you know the purpose though? I'm so curious because I I do not know this guy.

It's a motivation, I feel like. Right? And this is just my opinion also. But it's just it's it's always there's always something they wanna motivate you to do. You know?

Yeah. And Varnerchuk, his family owned a wine company growing up. No shade, but it's like, dude, if my family had a wine company growing up, you know, I wrote a mom beat me 1 time with a bag of fucking frozen oranges. I remember that shit.

Did he sell his winery?

It's a little different than that. But I'm just saying, I'm not sure. But I'm just saying you know what I'm saying? The Merlot don't fall far from the grape.

You know

what I'm saying, brother? What else we're gonna talk about? Ty Dolla $ign. He's not is he an investor? No.

He's just a what does he do? Yeah. Financial adviser? No. There isn't much information about Todd O'Donnell's investments.

Okay. Somehow he ended up on our list then. What else? Anything else on our sheet you wanted to go over? Was there anything else that you wanted to talk about specifically, Caleb?

Oh, man. I just want I just want people to realize that they're in a better place than they think they are. You know, that's kinda 1 thing we didn't really talk about Okay. Is that I, you know, I don't wanna, like, like, just, like, glug glug on America.

But I agree. I don't wanna be negative only.

Yeah.

Yeah.

This is there's a lot more opportunity that people aren't willing to accept. We're in a very doom and gloom right now where everyone again, we talked about the victim thing earlier, and everyone's like, it's impossible to get ahead. It's a why do anything because everything's so hard right now. And obviously, inflation was brutal, especially when it was nearing that, like, 9%. But, like, we just had yesterday yesterday before we filmed this, 256,000 jobs added in the last month when they expected 155,000.

Like, unemployment rate at 4.1%. Here we have a GDP 19 or $25,000,000,000,000 where in the UK, Germany, Japan, we're looking at 3 to $5,000,000,000,000 GDP per capita here is 70 to 80,000 UK, 47,000. You know, there's a lot of opportunity here. I don't want people to just really always beat themselves down. And I know Yeah.

Like, my shows, it is on the negative side because the their finances are really bad. But I want people to know they do have more opportunity out there if they're willing to take a little bit of risk.

Yeah. Yeah. And I think that I think there's this pressure probably especially with the younger generation to put you have to put your life on a social media. Right? Mhmm.

And so then you would be you would feel more shame about having certain jobs because you wouldn't wanna put that reality on the social media. We're like, when I was in high school or in college, you didn't, that wasn't a thing. It was like, you didn't, I mean, social media was coming up, but it wasn't like that. It wasn't like you didn't have, you didn't have that immediate reaction with people like ripping you or roasting you or or or or, make it funny online. So I think that that's a different thing where it's like, oh, man.

Not what will I think of this job, man. What will other people think if I post about this job or if I live in this world? And I think that that's where you can just be creative. If you do wanna post about your job, be funny about it. Be like, you know what I'm saying?

And, and also you have to just realize, like, it's the shit that you don't wanna be doing. That's when you sit there and your brain thinks up the shit you do wanna be doing, dude. Yeah. When I was doing shit I did not wanna do, dude, that's when my brain was getting inspired, bro. I mean, my brain was like and that's when I got to see what my brain even was.

My brain was like, we're gonna figure this out. My brain started to surprise me with ideas and thoughts and, so I think that yeah. You have to, like, just know that somehow you feel like, man, I'm in the dirt, but you're really in the soil kinda type of vibe, you know?

Yeah. I like that mentality. There's there's a lot of shame in certain jobs right now. And then Yeah. And we need it

all the way.

It's like, just put the fries in the bag. It's like, sure. But dude, I used to just put the pizza in the box forever. Yeah. You know what I'm saying?

Like, we had a and it was a blast, dude.

Yeah. I delivered Jimmy John's for, like, 6 years.

Oh, really? Yeah. It was great. I've tell I've had Jimmy John on this podcast Yeah. As a business entrepreneur.

Big dude. Yeah. Great dude, man.

Very big dude. I saw

him at 3 weeks ago. Yeah. So it's just like, you just never know where you're gonna be. You know? Like, I mean, you just don't.

You know? Jimmy John's my favorite sandwich. It almost got hit running across a fucking highway to get a couple months.

What are you? A number 9 guy? I'm a number 9 guy.

Me, I go turkey Tom, extra turkey, light mayonnaise. Don't look me in the fucking eyes. I'll come in there and get it. Okay?

I love it. Yeah. Nice.

And I'll hold my horn for them to come in. I'll even call them and tell them that. And they're like, this is getting a little weird. I'm like, just I want everybody looking the other way, leave the sandwich on the counter. It is a very kind of like it's the closest I get to, like, robbing a bank or whatever.

What's the last thing I was gonna ask you? Oh, what do you think of an 8 leg parlay as a realistic probability for somebody trying to get a leg up in the world?

You're gonna have to explain that 1 to

me. I'm talking about somebody who's got $10 left, and they put it on. Oh, shit. And they put it on 8 football games to all hit for a weekend. Okay.

Because this is happening basically in every pie cap a house in America.

Yeah. Yeah. Dude, betting is getting kind of out of control

right now. It's getting crazy. I mean, you have people laying in their bed at night fucking, you know, you know, just hopped up on Zins praying for Saquon Barkley. It's getting bizarre.

These betting companies wanna sponsor us, like, every day.

We have to we

have to tell them to fuck off so much. It's crazy. It's like any kind of drug, any kind of drinking, any kind of whatever. You know, betting can be fun. It can be good.

If it

gets addicted, that's where it's bad. $10. If you have $10 to your name, that's all you have left. I mean, this is people probably shit on me for saying this, but it's probably not gonna make the biggest difference for just being real world about it.

No. For sure.

But behavior, there is the behavior conversation.

Right.

If you are gonna throw it towards the bet, that is demonstrating maybe why you got there in the 1st place. Yeah. So that could be a good step to correct your behavior for the first time. Even if the $10 is gonna be make or break for whether or not your mortgage is gonna be paid, no. Yeah.

But it's a good behavior fix.

What is a good investment? You just said you you keep things pretty safe for the most part,

Yeah. I mean, I'm I'm mixed with real estate and, like, just S and P 500.

And when you say real estate, what do you mean? Like, what type of stuff would you get into?

Well, I got my personal residence, but then up in Michigan where I'm from in Kalamazoo, I have some rental properties there that were, like, essentially almost, like, burned down pieces of shit that, like, no 1 would live in. And I'm like, alright. I'll buy it, fix it up, and now it's, you know, students are able to live there. And so so there's, you know, it kinda make it matches with my morals a little bit instead of just buying up desperately needed housing, but also it's, making money,

which is good. Yeah. And over time, it definitely I mean, time goes fast too. People don't realize it, you know. Mhmm.

Time goes fast. Yeah. People people bag on Gen z a lot, you know. I think there's always that thing where it's like we're bagging on the next generation. But, I was looking at, a statistic the other day where, Gen z is like the average job.

They keep it for 2, like, 2 and a half years, and it's only 6 months less than millennials kept their job. Sure. You know? So it's not like Gen z ers can't work or that they're not working. You know, sometimes that's a lot of the energy that's out there.

Well, you know the crazy thing, can you look up what Gen z thinks they need to live? Have you seen this? Mm-mm. This shit's crazy. And I'm kind of Gen z.

I'm like in that middle, so I can chitchat both sides. Well, that wasn't the nest that wasn't the report that came out, but Google AI is telling us something. There we go. See, Yahoo right there. They think they need $500,000 a year to be successful.

Okay. Go to that. Minimum. Generation z thinks it needs half a $1,000,000 a year to succeed. Wow.

That part's crazy. Half a $1,000,000. They pay 4th and also, let me see. Armandarhira Howard Howard and her fiance together earn more than $200,000. A 28 year old knows that's more money than the vast majority of Americans make, yet the Los Angeles couple still live about half an hour's drive from their pricier neighborhoods where most of their friends live.

They pay $4,000 a month in rent on top of her $450 student payment, their $400 car payment, and the $200 she sends home to her family in Indonesia. So they're saying that they need, the zillenial. She's at the cusp of millennial generation and Gen Z. Set aside 10% of her income for retirement as a wealthy monthly budget of $500 for entertainment and dining out, which you said comes to the side of guilt as bigger financial goals continually loom. In this economy, she said a household income of 500,000 between 2 people would be very comfortable.

Very comfortable. It would be very comfortable. Yeah.

It would be very comfortable. And that's also there, man. That's Los Angeles. Yeah.

That's fair. But, like, the median household income in the United States is, like, $60,000, you know? Right. 60, 75, something like that.

Yeah. That's 1 thing that I like about living in a regular place a little bit more is that you start to get a more reasonable idea of things.

Yeah. Absolutely.

You know? I mean, the 1 of the issues that we're all stuck watching these celebrities who are living these insane lives Mhmm. Or pretending to also, you know? I find Los Angeles in its own, like, it has this, like, I did, like, movies and parties and all the shit. But I always found it to be, like, it shuts down early.

Like, at all the bars close early. Everything it's it's all for look. Right? Everything there was more, like, let's make it look this way. Right?

Interesting. 1 thing I think that tells me specifically though, zillenial, like, I'm a zillenial, you know, in between that era. I didn't have a job during the great recession. I didn't need to. I was a kid.

What that tells me thinking they need $500,000 a year is that there's about to be a big awakening when my generation and the people around me go through our actual first recession. And you realize that, okay, maybe living isn't about being able to get, you know, 5 cups of coffee a day. That isn't the requirement for life. I want you to do it. Yes.

But for them, that is full comfort where, you know, throughout most of human civilization, we're just trying to survive.

Yeah.

And we are very comfortable right now.

Yeah. It's a comfortable world, man. I mean, America is a comfortable place, you know. I know it's on it feels uncomfortable a lot of times, certainly in comparison to other people's lives. But, yeah, it's like most of us have food, you know, we have clothing, you know, we have a place to sleep.

And Yeah.

That like, Internet in the world that is opulence.

Like a demonstration of this. I was dating someone from Venezuela for a little bit.

Oh, wow.

Okay. I know. Exotic. And she 1 thing she was telling me about our culture, I was, like, asking what's different about this culture versus the different culture she lived in all over the world when she was escaping Venezuela. And she says, you know things are good in America because of how much we focus on the minor little social issue for everything.

When you have the luxury to focus on,

Trans stuff or

Not just that, like, okay. So Zuckerberg, right? Yesterday, he announced that tampons are leaving men's bathroom or whatever. Like, I I don't care either way. Whatever.

But the fact that that is able to be such a major thing that we're freaking out about, when you have that in a culture, that's how you know everything else is pretty damn okay because we're allowed to focus our energy on that and not just making sure that half half the country isn't starving.

Yeah. Or sometimes that the media is tricking us too by saying, like, this is what we should be talking about. You know? Yeah. But click.

Yeah. But I agree. The fact that people are able to that that people are bringing that kind of stuff up. I'm trying to think of anything else that I wanted to talk about. Any other, any other group that came on your show that was kind of fascinating to you?

I would love to play 1 more clip from your show. What's another 1 that we have? This so we could play. Yeah. I just encourage you guys to go if you like.

You know, you get a financial take. It's very much, it's just a it's a perfect microcosm that you're in, and it can be a macrocosm too. I'm not trying to little it by saying that. I'm not the best with words, but I think it's just a perfect, like like, nucleus that you're in and, like, entertainment and finances. What's this 1 right here?

Oh, yeah. Play this 1, dude.

We built, $75,000 of student loan debt. Say the degree 1 more time. I studied Shakespeare. Okay. Shakespeare.

Lovely guy.

What are

you gonna do with that? Well, that's such a complicated question. Like No. I was really hoping for a more you knew what you were gonna do with this much school and this month. This is where I just have to say, you know, we come from different worlds.

You're not gonna understand this.

What do

you mean? You won't understand, like, the precarity and why it's really alright. What do you mean though? Like, your reaction there was, like, oh, I know that's fine. Composition in college.

I was in the College of Art School of Music. Okay. But I asked the job, and you didn't know what to say. So I have a lot of experience working at writing centers.

Okay.

So I could be,

What are yeah. What are you gonna do with that?

Yeah. You know what that is? That is another major thing that is happening a lot throughout. It's the continuous college because they're they don't wanna leave college. So they go for the master's degree, the doctorate degree.

And that's more and more we're seeing so many more people doing the endless college. Get the other degree. Because once you leave college, it's a scary world. You're on your own.

It's very scary. I wanna go back every day. I wanna go back every day. And this person gets a Shakespeare degree. So yeah.

Doctor in Shakespeare.

Yeah. To be broke or not to be broke, dude. That's the quest I feel like would I and now unless now unless you're gonna go to a Renaissance fair and get winked up by the king or something, I feel like it's gonna be an uphill climb, dude. You know?

She wants to be a teacher. That's what they do. You go to school to teach other people

to go to school. Stay in this world. Yeah. There is a there is always a person who stays in school.

Yeah.

And peep sometimes it gets blamed. I'm like, oh, look at this dude. He can't get his diploma or this girl can't who's an alcoholic and she, you know, goes to, you know, Rutgers or whatever. But every now and then, there's the opposite of it of somebody who just stays in because they don't wanna get out and face the world.

Yeah. Absolutely. Yeah.

Cool. Caleb Hammer, I appreciate it so much, man. Thank you so much for just being willing to come and chat with me. I'm excited to see what you guys do. And, Yeah.

I just think it's really I think it's really neat to have just, kind of this corner of, entertainment and finances and kind of just basic needs, really. You know? Yeah. We all need a basic needs voice. You know, we need that kind of, like, Jiminy cricket that shows up on your shoulder.

Yeah. A little wake up call.

Yeah. Yeah. For sure. And you're an alarm clock, man. So, thank you so much, Caleb Hammer.

Best of luck, brother.

Thanks, man. I appreciate it. Now I'm just falling on the breeze, and I feel I'm falling like these