E556 Caleb Hammer

Speaker 1 We have added a second show in Nashville, baby, on May 3rd. It's an early show, 4 p.m.
at the Bridgestone Arena. And I can't even believe that.
And thank you guys so much for all the love and support.

Speaker 1 And I'm honored to be performing here in

Speaker 1 Nashville. We also have tickets remaining for East Lansing, Michigan, Victoria, B C in the Canada College Station, Texas Gigam,

Speaker 1 Belton, Texas, Oxford, Mississippi, Tuscaloosa, Alabama, Winnipeg

Speaker 1 in the Canada, and Calgary in the Canada. Get all your tickets at theova.com slash T-O-U-R.

Speaker 1 Today's guest is a financial advisor 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.

Speaker 1 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.

Speaker 1 Caleb Hammer, man. Thanks for catching up, dude.

Speaker 2 Yeah, what's up, buddy? Nice to meet you.

Speaker 1 Not much, yeah. Nice to meet you, too, man.

Speaker 1 Hammer. Caleb Hammer.
That's a good name.

Speaker 2 Yeah, it's powerful.

Speaker 1 It is. Is that Russian hammer? Hammer?

Speaker 2 I think I'm British and native. Oh, yeah.
So a little conquering, you know, of the United States a little. Oh, wow.

Speaker 1 Yeah, so no matter what side of the bed you wake up on, you're going to draw a weapon, probably.

Speaker 2 That's right. Yeah.
That's wild.

Speaker 1 Native American. Native American?

Speaker 2 Yeah, like 25%. Oh, that's great.

Speaker 1 That's a good amount.

Speaker 2 Yeah.

Speaker 2 Not too heavy, but

Speaker 2 chilling.

Speaker 1 enough to feel a little little tan oh yeah a little minority yeah oh enough too to know how to make a good fry bread too i bet yeah um i i noticed that so you're kind of this financial guy

Speaker 1 um or financial liaison even uh to like gen z or millennials i mean it could be anyone but i feel like that's kind of like um 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.

Speaker 2 That's our big group. That's where our metrics are right now.

Speaker 1 And you're helping people with their finances. Like what kind of qualified you to become sort of this,

Speaker 1 this, uh, this like

Speaker 1 person who's offering suggestions to

Speaker 2 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,

Speaker 2 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.

Speaker 2 And just sitting down and talking to the people in the worst of the worst since I was there felt like those are the people I could talk to.

Speaker 2 Not talking to the Theo Vons, not helping you with your investments, but we're talking about the lady who has tens of thousands of dollars of credit card debt, some car she can't afford and getting repoed left and right.

Speaker 1 Right. Yeah.
I mean, I feel like you kind of have this like Jerry Springer meets finances kind of energy, you know, which is, it's awesome.

Speaker 2 We call it Caleb Springer. That's our

Speaker 2 really? Yeah.

Speaker 1 Oh, I didn't even know that.

Speaker 2 Oh, that's great, man.

Speaker 1 Yeah, it's, it's, uh, 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?

Speaker 2 College was.

Speaker 2 I was so dumb in college, man. Just starting to go into it.
I was going into a major that wasn't going to make any money. I wanted to go into music.

Speaker 2 And of course, if you're going to 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.

Speaker 2 Got to have an electric piano.

Speaker 2 You got to be cool. You know, it got to be like the other music majors.
Max out a credit card with that.

Speaker 2 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,

Speaker 2 I was able to consume those and still be skinny, but max out a credit card with that. Got to get around.

Speaker 2 So I maxed out.

Speaker 2 I got like a $10,000, 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 five thousand dollars 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 had you been getting advice from anybody or

Speaker 2 you were just no this was generational my parents even though they are better now i'll give them credit there uh

Speaker 2 you know we grew up definitely lower middle class foreclosure notices that that kind of stuff.

Speaker 2 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, uh,

Speaker 2 at that point, you rely on them to teach you, but they didn't know anything. So, I was just continuing that cycle.

Speaker 2 So, every time you see people coming from a lower middle class background or poverty background, it's just that endless cycle because you can't learn from anywhere.

Speaker 2 And you have to get that drive somehow. Right.

Speaker 1 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

Speaker 1 like parents would come or people with like people in our community that had jobs would come and talk to us, but they never had like people that had really fucked up, you know, or they never had like a crack addict come and talk to the class for 20 minutes and be like, this is how this happened, right?

Speaker 1 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.

Speaker 1 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.

Speaker 1 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, and the guy would let you play with his axe or whatever.

Speaker 1 It's like, but you never got like the other side of it. It's kind of crazy that they don't have that.
Um, just in like kind of elementary education, you know, dude, it's crazy.

Speaker 2 I think it's like a one-week subject in the class where they also spend like two weeks showing you birthing videos. Yeah.
You know, this is something that passes over real quick.

Speaker 1 okay so you were bad off real bad and how did you get on bad off

Speaker 2 i just started becoming obsessed with well i was always interested in the world of real estate so like hgtv i ate that shit up i don't know why this is that weird kid who loved hgtv 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.

Speaker 2 So eventually, once I started realizing, yo, can't afford rent, I started just googling some some things and I found some other creators, some other podcasts, like Bigger Pockets podcast is really good.

Speaker 2 I think I started. Bigger Pockets, it's called? Yeah, it's really good.
Those in real estate. Do you know Graham Stefan? Uh-oh.
Finance YouTuber?

Speaker 1 Let's see a picture of him.

Speaker 2 Yeah, little short dude.

Speaker 1 Graham Stefan.

Speaker 1 Nope, I don't know him.

Speaker 2 He's one of the OG finance YouTubers. And I think I started watching him when he was up and coming.
And I was like, wow, I can't believe how absolutely stupid I am with finances.

Speaker 2 I didn't even know there was this other world.

Speaker 2 And to accomplish the things I dream of accomplishing, it's going to take actually marking the goals I want to get to and the different steps that are required to get there.

Speaker 2 And that's where I started to actually focus on building the income, not just the hobby stuff.

Speaker 2 You know, I was doing music composition and, you know, I was making like $30,000 a year off of that in college and dropped out of college.

Speaker 2 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.

Speaker 2 And that's when like I actually started putting the focus in pointing my money in the right direction, building a budget for the first time. And

Speaker 2 it's been good since then. Yeah.

Speaker 1 Okay. So you started to put your money back together.
Like you started, I mean, did you pay off some of those things? Did you get rid of the car? You said you dropped out of school.

Speaker 1 So I'm assuming that you just realized it wasn't for you or.

Speaker 2 Okay. It's going to sound like the most arrogant, cunty thing ever.
And, but like, I was actually making more on my music compositions than my own professors did on their own compositions.

Speaker 2 So I was like, why am I spending more money to go in school?

Speaker 2 So that's when I dropped out.

Speaker 1 Okay, you already felt like you kind of been able to learn what they were going to teach you over a course of a long time.

Speaker 2 Kind of. I mean, I liked 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.

Speaker 2 Or at least things that were going for the degree. But at that point, I still knew nothing about personal finances.

Speaker 2 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.

Speaker 2 And one one 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.

Speaker 2 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.

Speaker 2 Selling, it was trading education, you know, like stock trading and some memberships and stuff like that.

Speaker 1 Okay, so no, I'm not, I'm, I'm not familiar with what you're talking about.

Speaker 2 Like stock market.

Speaker 1 Okay, do it. So you became an investor?

Speaker 2 No, I was selling classes that taught people how to become day traders and stuff.

Speaker 1 Okay, so day trading courses.

Speaker 2 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.

Speaker 1 Okay, so

Speaker 1 the actual product wasn't a good product or just you thought it was...

Speaker 2 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 it were bad or the education itself was bad.

Speaker 2 It's just like that's probably too risky for your average person to get into.

Speaker 1 So it's just a risky thing to get into.

Speaker 2 Risky to get into. But luckily, the people I was selling to, they were with people with too much money, too much time.
So they were. Yeah, it wasn't like.

Speaker 1 You were selling it to children or whatever.

Speaker 2 No. Okay.
No.

Speaker 2 Especially since, I mean, I think you have to be 18 to open a brokerage, or at least to open those kind of accounts, if I'm not mistaken.

Speaker 2 But actually being able to build that like personal business, personal brand, and getting to the top of the sales team, eventually getting to the place, you know, bringing in six figures,

Speaker 2 grinding for a couple years, I focused on paying off

Speaker 2 my grandparents first because it was family debt. It's a little emotional.

Speaker 2 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.

Speaker 1 Because what? Paying off your grandparents, you mean? Absolutely. Well, yeah, because you have to see them.

Speaker 1 You still have to answer their calls and you have to hear the timbre in your grandmother's voice, you know, knowing that they're concerned about their future because they're missing a little bit of their nest egg.

Speaker 2 Exactly. Exactly.
And they were nice enough to give me that money in a hard time. I got to be nice enough to prioritize paying it back.
Right.

Speaker 2 And then the 30%, couple 30% credit cards I had from there, about $10,000 total in credit card debt. And then Sally Mae.
You know that bitch?

Speaker 1 Oh, yeah, the loan specialist. Yeah.

Speaker 2 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.

Speaker 1 But those are private ones, right? So there's ones you get from the state that are lower percentage.

Speaker 2 Okay. Yep.
I had federal-backed student loans. I still do because I'm not going to pay them off because they're only 4%.

Speaker 2 Actually, mine are like 3%. So I'd rather invest instead.

Speaker 2 So I'm just doing my minimum monthlies there, but uh, yeah, so because Sally and her 15 were just so crappy, I focused on paying those off next, and and then eventually my car debt as well because that was also like 11 for a Nissan Ultima 2013.

Speaker 2 I don't know if you're a Nissan Ultima girly, but their transmissions they all die immediately. Yeah, it was like 60,000 miles, and the transmission was dying, so and I already owed debt on it.

Speaker 1 Oh, yeah, Ultima is definitely um, a lot of Latinos would drive them, I know. And then my ex-girlfriend drove one.

Speaker 2 Oh.

Speaker 1 Okay, so you started to get out of debt.

Speaker 1 You got some money going. You found out that, okay, you realized maybe the direction you were going in at school wasn't for you.

Speaker 1 It sounded like you started to make some kind of like severe choices, right?

Speaker 2 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

Speaker 2 and focused on paying off that debt. And that's once I got my emergency fund, which is what we prioritize after paying off high-interest debt.

Speaker 2 That's where I was like, I can finally start accomplishing the dreams I wanted to. That was putting 10% down on a house here in Austin.
Oh, wow. And that was my big goal.

Speaker 1 And were you still doing sales at that point?

Speaker 2 Yes. Yes.
I was still doing sales. And I started moving in the world of like product management and the tech world.

Speaker 1 But like, what does that mean?

Speaker 2 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.

Speaker 2 And I was just kind of overseeing that, working with different teams. But I was transitioning to that world because, again, I just like the

Speaker 2 running some things. That's why I like building out the company that we have now and having management over products and just making a better experience for the clients.
Okay.

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

Speaker 2 day trading stuff? Yeah, because what we're doing now, like our simpler budget app, like that is an app that people can use and actually follow a budget, hit the goals that they're trying to do.

Speaker 2 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.

Speaker 2 That was kind of the products back then. But yeah, so people can actually, you know, finally take control over their destiny.
Okay.

Speaker 1 What is, you talk a lot. Okay.
So I feel like I have a decent understanding now of how you kind of got to where you are.

Speaker 2 Right.

Speaker 1 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.

Speaker 1 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.

Speaker 1 The lower interest things I can keep because if I can invest at a slightly higher interest rate, then I'm going to be hypothetically or hopefully paying those off over time, assuming I can make more than the 3% or 4%.

Speaker 1 Exactly. Okay.
So now you.

Speaker 1 Now you have a YouTube channel where you kind of talk, it seems like to a lot of like Gen Z. Is that kind of safe to say Gen Z Millennials?

Speaker 2 Gen Z Millennial. Okay.

Speaker 1 What is the number one thing that they are going into debt over now?

Speaker 2 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.

Speaker 1 Right. They kind of locked us into that, huh? Yeah.
What's that? Is there a theory that

Speaker 1 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?

Speaker 2 Well, I know in the 1950s right that's where they start passing like the highway infrastructure bill and that it's a lot of it for inner intercontinental connection uh 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 you had white flight from the cities to the suburbs and then in order to get to the city where the jobs are got to 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 want to be in the place maybe right you know in a around a bunch of building stuff you want to have a yard you want to have a little bit more space and cities went to after that too it really did yeah whether it's funding or just the job opportunities like they went to like new york in the 80s was a shithole right so that's yeah yeah and then i think you have a lot of people like if people want to have a yard and want to 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 want to live in 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 want to live in those more walkable communities and i move into a walkable community i love to not have to drive so it's a nightmare

Speaker 1 it's a nightmare yeah kind of like my parents it was the thing where they wanted to drive into work and drive home that was part of like the commute you know it was almost part of their uh lifestyle yeah you know i think that that was like a big part of the lifestyle then um 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 established rail systems, allowing people to live further from their workplace and commute into work regularly.

Speaker 1 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.

Speaker 1 So, I guess if you were one person, like a person that came every day for their job into into like,

Speaker 1 you know, rural New York, into the New York, into New York City, then you paid a commuted fare.

Speaker 2 Yeah. And 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 move into is kind of like that.

Speaker 2 It's a hybrid. But what I don't like, dude, I don't know how much you know about zoning in the U.S., but it's crazy.

Speaker 2 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 their property.

Speaker 2 So you live in a neighborhood and in order to get a coffee, you have to drive 10 minutes because no one can build a coffee shop in the neighborhood. Right.

Speaker 2 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.

Speaker 2 That's what I want to see, a more freedom-esque living situation where people can build their communities.

Speaker 1 Yeah, I think that that's fair. But then I guess, what if you had a, 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.

Speaker 1 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.

Speaker 2 Yeah, that's more like HOA, you know?

Speaker 2 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.

Speaker 2 You can't build a bakery there. Right.
Sorry, a highway has to go there. Yeah.
So.

Speaker 1 Yeah, I guess sometimes you don't know what a city's overall strategies are, too. It's like sometimes this is a regular citizen, even though you may think that we do.

Speaker 1 Maybe we wouldn't know sometimes what their overall strategies are.

Speaker 2 There was this crazy concept where Austin, we built housing. You know, we just allowed developers and capitalism to take place.
So we built housing.

Speaker 2 Guess what's been the largest rent decrease in the nation? Austin. Who would have thought?

Speaker 1 The largest rent decrease? Why? Because there's extra housing.

Speaker 2 Yeah, we built so much housing. Yeah.
Because we just let capitalism happen.

Speaker 1 But so you're saying that's the bad side of it?

Speaker 2 Well, it sucks for people, I guess, property values or landlords, but it's a lot of people.

Speaker 1 But it's also a blessing for people that can live.

Speaker 2 Yeah. Yeah.

Speaker 1 Oh, well, one of the worst things that happens in a lot of places is the artists and stuff are the first to have to leave an area because they're the ones who can't afford to live there anymore.

Speaker 1 You know, I think that happens in a lot of cities where,

Speaker 1 you know, rent prices start to go up.

Speaker 1 And then the guy who's like just doing his best to make ends meet, who plays a saxophone or, you know, who runs an art studio, they can't afford to keep their, you know, they're kind of the first to go a lot of times.

Speaker 2 Yeah, gentrification is weird because like, honestly, you kind of 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 you 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 yeah 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 typically displacing current inhabitants of the process right so they're kind of you lose a lot of culture yeah because you well, you develop new culture too, but you, you develop, you lose like the old culture, right?

Speaker 2 That's where I want more access to like homeownership. Because if someone owns a home in that area and gentrification happens, you know, they can make a lot of money.

Speaker 2 So I want the people who are already there to have access to be able to get into the home and buy it. It's the renters that get pushed out, like the saxophone guy.

Speaker 2 He'd be the one that gets pushed out, and that sucks.

Speaker 1 Yeah, you lose a lot of authenticity there, too.

Speaker 2 Absolutely.

Speaker 1 You lose people who know the lore of the neighborhood.

Speaker 1 And then everything just starts to be a Panera bread, too, which really starts to suck.

Speaker 2 Yeah, that's one thing that starts to happen in a lot of places is you just run a lot of the same and a lot of um 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 you're like why do i want to go there if it's just going to be another restaurant that's just next door to me yeah i think they're called like five by ones like all the buildings that you see everywhere where they're like five story apartment complexes with the same chains on every floor this is it's 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 one size fits all yeah Nashville's ruined.

Speaker 1 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 in but just like it had like quaint vibes.

Speaker 1 You could walk down. It just felt like you were in like a neat pocket.
And then now it just feels like you.

Speaker 1 you can barely tell the difference between there and if you're walking down like um 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.

Speaker 1 Oh, you could. Then I would be able to go back and forth, you know.

Speaker 2 Oh, if I financially audited your statements, I know you could get a home.

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Speaker 1 So just to kind of circle back into where we were. So one of the major things you're saying that Gen Z faces is.

Speaker 2 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.

Speaker 1 That's the first thing my mom said. She's like, okay, you're going to get a car to get to work to pay for your car.
Yeah. And it really was the truth, kind of.
It really was true.

Speaker 1 But also having that freedom was great, you know? Yes.

Speaker 2 And I want to like just kind of correct what I said. Like, I'm totally for driving anywhere if you want to.
Just wish there's more options. It's kind of you're forced to drive.
Yeah.

Speaker 2 So that's pretty much it.

Speaker 1 Oh, yeah. They won't even let you

Speaker 1 take a scooter or a lime on the interstate.

Speaker 2 Yeah.

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

Speaker 2 What state is allowing you to scooter on a highway?

Speaker 1 It might be New Hampshire or something.

Speaker 1 They don't give a fuck.

Speaker 2 As long as you're an organ donor, they'll let you fucking do whatever you want, bro.

Speaker 1 As long as you are donating plant-based organs back to the society.

Speaker 2 That's wild.

Speaker 1 So

Speaker 1 when I was a kid, they had, you felt like you had to have a job, right? And my mom or my,

Speaker 1 you know, I was raised by my mom. She always had a job.
She had a job. Like,

Speaker 1 I don't think she only had, like,

Speaker 1 she just, it was always work, you know? And parents would have been ashamed if they didn't have a job.

Speaker 2 Do, do.

Speaker 1 the younger generations feel that same way, like people that you're talking to, do they have that same feeling about work?

Speaker 2 No, there's something really interesting happening in our culture right now that i cannot define super well i always mess up with the words

Speaker 2 infati infantilization infantilization fantilization 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.

Speaker 2 And honestly, I didn't notice it too much until I started my doing my show.

Speaker 2 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.

Speaker 1 It's all baby syndrome kind of.

Speaker 2 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. And there's so many learning lessons you get during that time period.

Speaker 2 But now it's like I'm a child. Not everyone, but it definitely feels like a cultural shift.

Speaker 2 You know those Predator like beating videos online?

Speaker 1 Oh, yeah. There's so many of them now.

Speaker 2 Yeah. One thing that's, I just saw yesterday on Twitter, or X, that was just kind of demonstrating what happens when Gen Z meets with those predator beating videos.

Speaker 2 They lured someone, you know, as usual, to meet an underage person to beat the crap out of the person.

Speaker 2 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

Speaker 2 crazy underage 18 year old who's a child. Right.
So we must beat the crap out of the 21.

Speaker 1 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,

Speaker 2 no, it's just, it's, it's thinking that.

Speaker 1 Oh, I see.

Speaker 1 It says five worst sister,

Speaker 1 worst, set, worst sister, worst sister.

Speaker 2 Oh, Brandon's on it.

Speaker 1 Students charged after mob beats up falsely accused child predator, and that's in Worcester. Oh, I'm sorry.
I know this place. Worcester, Mass.

Speaker 1 Five students from Assumption University in Worcester are facing charges of kidnapping kidnapping and is holding a man for a TikTok inspired to catch a predator.

Speaker 1 Police are saying that the man did nothing wrong. As court documents state the man went to meet a woman who was listed as 18 years old online.
So

Speaker 1 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

Speaker 2 fucking predators.

Speaker 1 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 this guy finally comes out of his house to meet somebody and he gets jumped.

Speaker 2 That's crazy. But no, you're seeing it all over social media right now.

Speaker 1 But what are you saying about this?

Speaker 2 I'm saying that they think you're still a child at 18 and 19 and 20.

Speaker 1 Oh, I see. You're saying so that you think part of that was this.

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

Speaker 2 People are freaking out now online. It's crazy.
The pearl clutching is wild online right now. Lots of just like over sensationalize

Speaker 2 everything right now. But I'm seeing that in these conversations where people are like 20 and they think they're still a child.
They don't have to, there's no responsibility yet.

Speaker 2 They can just lean on everyone around them, their family, and they just don't have to take care of anything yet.

Speaker 2 And that it's kind of 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.

Speaker 2 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.

Speaker 2 And it's like, it's just, it's an always over just stepping over each other on who's the biggest victim.

Speaker 1 I, I, it's so funny you say that. I saw something like this.

Speaker 1 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, um, you're just at this really unique intersection, I think. Um,

Speaker 1 I just wanted to say that. I'm just realizing that more as I talk to you.

Speaker 1 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,

Speaker 1 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 door dasher is okay.

Speaker 1 It looks dangerous out here today. And they'll be from their balcony looking for their taco order, and there's buildings on fire.
Like, what are we fucking

Speaker 2 turn on your stove and also leave and go rescue yourself?

Speaker 1 You're going to risk it all for some raviolis.

Speaker 2 Yeah.

Speaker 1 It's just, it's almost like people don't even feel like they're going to die. It's almost like,

Speaker 1 um,

Speaker 1 yeah, some

Speaker 1 before we get, before I go off on too much of a tangent, whose fault do you think that is that there's some of that mentality, right?

Speaker 1 Is it the parents or is it just society? Who's, where are you finding the fault of that, you know?

Speaker 2 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?

Speaker 2 But I think a lot of the TikTokification of things, and I love TikTok. I mean, we got a billion views on TikTok last year, you know? Congratulations.

Speaker 2 Well, thank you.

Speaker 2 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.

Speaker 2 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.

Speaker 2 Like, there, there was some TikTok I was watching, I don't know, I think I was watching a reaction to it.

Speaker 2 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.

Speaker 2 Yeah. And they're just, I don't know, it's just this enabling.

Speaker 1 Scum raped or knuckle raped, shit, like stuff like that. You're like, that's

Speaker 1 what are you going to do?

Speaker 2 a swab kit now on my hand you know it's very interesting so people it's it's this kind of this reoccurring thing where just everyone's trying to one-up each other on the victim 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

Speaker 2 Not everyone's like respected immediately who comes out of the gate and just like, you know, tries to act like this big victim 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.

Speaker 2 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.

Speaker 1 Right. So now they're, oh, if somebody gets views off of victimhood.

Speaker 2 Yeah, in some ways. I mean, but I think you saw, go ahead.
Well, the shitty part is that actually diminishes like real victims.

Speaker 1 Oh, for sure. Well, I think you saw, I saw this with Mark Zuckerberg the other day.
He was on Joe Rogan's show,

Speaker 1 and he was talking about, bring up some of the clips. He was talking about

Speaker 1 how

Speaker 1 Mark Zuckerberg tells Joe Rogan podcast Biden administration tried to censor memes in surprise episode.

Speaker 3 Basically, 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.

Speaker 2 Did you record any of those phone calls?

Speaker 3 I don't, no, I don't think, I don't think we, but, but I think

Speaker 3 there are emails. The emails are published.
It's all, it's all kind of out there. And, um,

Speaker 3 And they're like,

Speaker 3 and basically it just got to this point where we were like, no,

Speaker 3 we're not going to take down things that are true. That's ridiculous.
They wanted us to take down this meme of Leonardo DiCaprio looking at a TV talking about how 10 years from now or something,

Speaker 3 you're going to see an ad that says, okay, if you took a COVID vaccine, you're eligible

Speaker 3 for this kind of payment,

Speaker 3 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 going to, we're not going to take down humor and satire.

Speaker 2 That's good.

Speaker 1 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?

Speaker 1 But I think this is exactly what he's doing. He's because they had, like, there was, they admitted before to like

Speaker 1 only putting certain stuff up during like

Speaker 1 deciding them deciding what it was misinformation or not, right?

Speaker 2 Which,

Speaker 1 which is just,

Speaker 1 it's awkward for a platform to decide, right? Kind of. Like unless something is, you know, sexual, violent, things like that, I don't think that should be on, you know, but for them to decide,

Speaker 1 for them to decide what was misinformation. But I feel like that's what he's doing here now.
He's playing the victim here. He's trying to say

Speaker 1 that, oh, we didn't,

Speaker 1 they were telling us to do stuff instead of him saying we were doing these things.

Speaker 2 They're calling and swearing. Oh, no, not swearing.
Right. Oh, no.
Right.

Speaker 1 He's just trying to say, oh,

Speaker 1 we were a victim of all this. And you're almost playing, now you're pointing fingers at a sinking ship since Biden is, first of all, you know,

Speaker 1 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?

Speaker 1 And no judgment against his party.

Speaker 1 But just to me, I've always felt like they were taking advantage of a senior citizen, right?

Speaker 1 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?

Speaker 1 He believes that he's fully capable and competent.

Speaker 2 Okay. All right.

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

Speaker 2 Well, I mean, we had a prime example. We called the episode, our titles are wild, but

Speaker 2 someone finally walks off financial audit. I guess that's actually not that easy.

Speaker 1 Someone titled Finally, what you said?

Speaker 2 Walks off financial audit. Okay.
And one of her big, like, she was a perpetual victim throughout her life.

Speaker 2 One 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.

Speaker 2 So she can't work ever because she's not able to have any kind of authority around her because it would make her too, feel too triggered or something.

Speaker 1 Yeah.

Speaker 2 Right. So she just couldn't have a boss ever.
Also, she can't do any physical activity or labor or anything. So has to sit down and do her veterinary stuff from

Speaker 2 her house, but won't get hired. And half of her resume, by the way, was like activist stuff anyway.

Speaker 2 So like someone you'd be a little afraid of hiring because you don't know what they're going to do to the culture of the company. So she's not going to get hired, but she also can't have a boss.

Speaker 1 Right. But she kind of low-key does have a boss if she's listening to her therapist because then the therapist is like, well, you're going to pay me.

Speaker 1 And 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.

Speaker 1 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.

Speaker 1 And you're like, well, fucking, we got to get the boxes on the shelves.

Speaker 2 Okay. Like, it is difficult.
Yeah.

Speaker 2 And she may have had a physical disability with that, but then not having, not having not being able to have a boss, like, you can't just, but then complain about how everything's bad.

Speaker 2 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.

Speaker 2 Well, a lot of times you'll pay and then you, you'll, but that book, that kind of becomes a, um, like an emotional race card in a way sometimes where people are like uh 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 eight years they got married but she decided two 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 hang out a little bit uh he didn't want to so he's a bad person for leaving her because she wanted to you know date women two weeks into marriage right you can't just be funding lesbianism if you don't want to be yeah it's like 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 want to be open especially yeah yeah yeah you want to commit a relationship so he's the bad guy because right to a lot of points yeah i'm two weeks into marriage

Speaker 1 what do you um

Speaker 1 What do you think is the number one thing that's preventing

Speaker 1 Gen Zers from working? Or do you think we already talked about that? Let me see where we're at right now.

Speaker 2 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.

Speaker 2 50 to 60 percent can't cover a $1,000 emergency. One in four have no retirement savings.
Median 401k balance is 30,000. Like, I mean, there's a lot of things that people got to catch up on.

Speaker 2 And the big thing that kind of 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.

Speaker 2 You need to start saving as early as you can because like income is not your biggest wealth building tool, as Dave Ramsey says. I'd say that time is because you need time in the market to let it grow.

Speaker 2 If you put a dollar in at 20, it's worth so much more than a dollar in at 30.

Speaker 2 But the more expensive things are and 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.

Speaker 2 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 a year.

Speaker 1 Yeah, the more you have that, 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,

Speaker 1 then yeah, you're certainly not going to be investing. Exactly.
Do you see that nepotism is an issue?

Speaker 1 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.

Speaker 1 But that's never really kind of happened, it felt like. Right.

Speaker 2 That's interesting. Yeah.

Speaker 1 Do you think nepotism

Speaker 1 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

Speaker 1 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?

Speaker 2 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.

Speaker 2 She got almost a quarter million dollars from a passaway relative, but she went into that pile of money without any behavior, knowledge of how to utilize money.

Speaker 2 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, does it get saved or invested or pay off debt?

Speaker 2 No, it's gone in five years, just 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.

Speaker 2 And of course, we all, do you have any kids?

Speaker 1 I don't have any children. I would like to have some.

Speaker 2 Yeah, I mean, you probably want the best future for them.

Speaker 1 Right, you do want the best future for your children.

Speaker 2 Yeah, 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 skills.

Speaker 2 So give them the opportunity, but if they fuck up the opportunity, you know, okay, like good luck. Yeah.
So I'm good with Nepo as long as they're proving it a little, but you got to

Speaker 2 teach that behavior. Teach that behavior so they don't just blow through what you give them.
Oh, yeah.

Speaker 1 I was talking to a little Boostie one 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, right?

Speaker 1 Like your same energy for

Speaker 1 like if you didn't have certain things growing up, he's like, it is so hard to transfer that energy to your children. Absolutely.

Speaker 1 And at the same time, want to give them just, you you know, the basic needs, even, you know, and the basic needs sometimes will be fancier because they're, you have more money to spend.

Speaker 1 Take me through a couple of examples, if you can, Caleb, of like

Speaker 1 Gen Zers or millennials and some of the issues, like just specific things that they've showed up with on your show.

Speaker 2 Okay. Yeah.
I mean, we had,

Speaker 2 this is a couple we just talked about.

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

Speaker 1 And it's so funny that you had already coined that term for you guys sells.

Speaker 2 Well, people used it as an insult, but it's not. So I just accepted it.
I don't think it's helpful at all.

Speaker 2 I think as long as people are actually getting help and we connect them with resources and they a million percent know what they're getting into, I think it's just like the most fun thing ever.

Speaker 2 And then they have fun. Then the audience has fun.

Speaker 2 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.

Speaker 2 Or we could do this like true real show that is also just also really entertaining. Hundreds of thousands, millions of people watch it.

Speaker 2 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.

Speaker 1 Yeah.

Speaker 1 And I think it's almost, you, you, I can almost see this happening where we will get to like to catch a predat videos of like you pulling up on somebody or not even you, just the way society is, right?

Speaker 1 Because you're kind of at this perfect section of like capitalism and like voyeurism, right? Okay.

Speaker 1 Where I could see there 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,

Speaker 1 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?

Speaker 2 You know, chop up their credit card on the spot. Yeah, totally.

Speaker 1 Like, I just, I feel like that that's where we're headed, you know? Um, some people could use it for sure. Yeah, oh, for sure.

Speaker 1 There's someone walking walking around a mall right now that should not be in there

Speaker 1 that is pretending, you know, to probably has empty bags in their hands that weights in them. Yeah.

Speaker 1 Some very light weights or old clothes and is just pretending this illusion of like living in some fantasy, you know?

Speaker 2 Well, honestly, like cities like Austin, and I, you know, Nashville is kind of similar to Austin, so I wouldn't be surprised if Nashville is well.

Speaker 2 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.

Speaker 2 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 um

Speaker 1 So who knows what they're going to do, some of them. He looks like he doesn't even eat or anything.

Speaker 1 Could you you imagine him eating a meal? I couldn't.

Speaker 2 He has to. He's gaining, man.
He's getting those gains.

Speaker 1 I know. I'm not saying he's not healthy or something.
I just think it's very,

Speaker 1 he gives off a computer energy to me sometimes.

Speaker 2 Look up that surfing photo. I mean,

Speaker 2 dude has a dump truck, you know? You don't get that not eating.

Speaker 2 There it is. Look at that thing.

Speaker 1 Good for him. And he's in white face there, so obviously they were reprogramming him or something.
You know, and they had to put his face in the shop for a week or something.

Speaker 1 No, certainly an amazing creator, but I just, I do think there's this very strong link between autism and

Speaker 1 technological advancement that I think we'll figure out in the future.

Speaker 2 That'd be nice. I think I have a bit of tism, but probably not enough tism to get to the three comic club.

Speaker 2 Yeah. It's a bummer.

Speaker 1 Yeah, it's okay, but still you get graced with a little.

Speaker 2 Yeah, the two comic club. Yeah.

Speaker 1 That's why I beat it. I barely beat it, dude.
You know, and they said it was very close in our area um

Speaker 1 can you take me through a couple of examples just so just so um my listeners can know like some of the stuff that's on your show right yeah i mean do you want them to pull up some shorts even um yeah i mean i know we have a couple um oh sure we were just talking to these uh

Speaker 2 this couple uh they're both uh

Speaker 2 the

Speaker 2 Okay, try not to get canceled, I guess, lesbian couple.

Speaker 1 Oh, no, we know what lesbians are.

Speaker 2 Yeah. Yeah.

Speaker 2 They're obsessed with Disney.

Speaker 2 Lots of Disney adults are. And they're Gen Z and they are obsessed with birthday months.
I hear birthday months so much with Gen Z and girl math.

Speaker 1 What is your birthday month?

Speaker 2 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.

Speaker 2 Then they're going to Disney World two times next month and then one time in the summer for different birthdays, different birthday months. And they spent, what did I have? I had $21,000

Speaker 2 in one month when they make $7,000 a month.

Speaker 1 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?

Speaker 2 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. I can go into debt and fuck my life.
It's my birthday.

Speaker 1 Oh, I see. So, something as simple as your birthday, they can go 20 grand in a debt.

Speaker 2 Yeah. Right.
The whole month.

Speaker 1 Let's see this right here.

Speaker 2 And this is some of their two Disneys in these last couple months? Two Disneys next month? You guys are literally poor. We only went for one day in November.

Speaker 2 You still traveled there, bought a guillion dollars of food. Took our nephew for his birthday.

Speaker 2 His birthday. And then we went for my birthday.

Speaker 1 Oh, if I hear one more thing out about lesbians and their nephew, you know?

Speaker 2 His birthday? I don't give a shit about birthdays. What is this obsession with birthdays? How are you guys getting there from Mesa? Getting one.
Getting one.

Speaker 2 It's in LA, so it costs money to get there. Yeah, we drive.
We drive there. So you're getting places to live? Does it cover the place to live when you're there? Nope.

Speaker 2 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.

Speaker 2 Wow.

Speaker 2 10% off merch. God.
Isn't that f ⁇ ing crazy?

Speaker 1 So, yeah, it's like you would think, especially, you can find deals nowadays where they probably could have got some free food vouchers or something like that. Yeah.

Speaker 2 Yeah. Yeah, or just stayed off campus and, you know, went.
I'm okay if they go like once, once a year.

Speaker 2 They have like five planned trips already for Disney.

Speaker 1 And what does that give them? I think

Speaker 1 strippers and lesbians love Disneyland, right? I noticed that. Lesbians also love this.
It's our nephew's birthday, right?

Speaker 1 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, and whatever. And

Speaker 1 nowadays that's changing some, but for a long time.

Speaker 1 A lot of lesbians are like, we got to get our, you know, our nephew, you know? It was like, that's like the biggest, craziest thing, you know?

Speaker 1 So I think there's a lot of nephew obsession in the lesbian community as well, you know? Yeah.

Speaker 1 But that's a lot of money on Disney.

Speaker 2 Yeah, it is.

Speaker 1 Not much return. You get a return, but you're an adult also.

Speaker 2 Yeah. But unlike most lesbians, I think they're going to last forever, though, because they're on the same page.

Speaker 2 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 be fine.

Speaker 1 Yeah, they need to have a Disney. Now, I wish Disney had a hostel or kind of like a

Speaker 1 Section 8 area. Yeah.

Speaker 1 They should. Because that would be very magical if you ended up like in the trenches.

Speaker 2 Yeah, instead of the monorail, you get a little spray-painted one. Just a little sketchy.
Someone tweaking out in there. Yeah, yeah.

Speaker 1 But it has somebody's put 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 kind of interesting.

Speaker 1 Okay, so you're talking to people that are wasting too much money.

Speaker 2 Usually, lots of debt.

Speaker 1 Okay, a lot of debt. What are some other ones that you're seeing?

Speaker 2 We had this dude. dude uh

Speaker 2 we frustrated incel buys women instead of dating was the title

Speaker 2 uh he went into eight thousand 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 two thousand 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

Speaker 2 I guess it's easier for him. He was a little disappointed, though, that he couldn't liquor bite bite them, though.
That was his one complaint.

Speaker 1 Okay, so he's not, he did, he didn't get the

Speaker 1 fluid pass or whatever. I don't know what because of.

Speaker 2 That was another one of our guests that got the fluid pass. Wow.

Speaker 1 Yeah. Well, strippers is that age-old kind of bait and switch.
It's the illusion, you know?

Speaker 1 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.

Speaker 1 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,

Speaker 1 it's like, yeah, I'm going to snack and whatever and still waste this money.

Speaker 2 Yeah, he picked it up in the military. I guess that's what they were all doing overseas.

Speaker 1 Visiting strippers and stuff. I guess.

Speaker 2 That's how they made it through.

Speaker 1 Dieting and visiting strippers. Yeah.
I could see that.

Speaker 1 There was another one you had. What was the one?

Speaker 1 Bring up one of the ones that we had pulled up.

Speaker 1 The guy in the red suit was an interesting guy.

Speaker 1 I took the loan out to fund my emergency fund.

Speaker 2 Where is is this emergency fund? Okay, I saw about a thousand dollars. Stop it real quick.

Speaker 1 So this guy took a loan out to fund his emergency fund.

Speaker 2 Yeah, like 20% interest, too. Which, by the way, dropped from 2,500.

Speaker 1 I spent some of it.

Speaker 2 On what emergency?

Speaker 1 Learning how to do hair extensions.

Speaker 2 Okay. That's an emergency?

Speaker 1 I wouldn't say it's an emergency.

Speaker 2 What do you think an emergency fund is money?

Speaker 1 I'm going to go out of the emergency fund to buy a class for extensions.

Speaker 2 The interest rate on this is 28.64%.

Speaker 2 Yes.

Speaker 2 Wow. Okay, so originally it wasn't for the emergency fund.

Speaker 1 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.

Speaker 2 Absolutely. All the time.

Speaker 1 And this is a young man. He took money out at 28.64%

Speaker 1 interest to learn hair extension lessons, and that was considered an emergency.

Speaker 2 Well, first the fund is emergency fund. So he 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%.

Speaker 2 but even still 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 one 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 so i think that that's his out to escape the debt you mean to escape capitalism 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.

Speaker 2 Honestly, no, surprisingly.

Speaker 2 A lot of people, when they just get overwhelmed by their finances, they really just put their head in the sand and they just forget about it until it all comes and bites them in the ass.

Speaker 2 And that's usually when they come on our show. They realize they've had too much and they watch one of our episodes and they're like, oh shit, I got to apply.

Speaker 2 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.

Speaker 2 I'm sure they're nervous on camera. They're just normal people people off the street, but that's why they're still defensive and they're trying to understand like what is going on.

Speaker 2 And there's lots of cope talk, lots of cope talk across the table from me.

Speaker 1 And what does cope talk mean when you use that term?

Speaker 2 Yeah, just like,

Speaker 2 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.

Speaker 2 I was just trying to survive.

Speaker 1 So a lot of people trying to, it seems like, deflect the reality of the world.

Speaker 2 Yeah.

Speaker 1 Like, how can what can I do? What class can I take? What school can I stay in longer? What can I do to not have to face the fact every day that I have to be the one to survive myself? Absolutely.

Speaker 2 And I was there too. It just takes that moment.
It takes that moment for everything.

Speaker 2 Exactly. I haven't hit it for going to the gym or dieting, but it takes that moment for plunging into the deep end.
There's usually something.

Speaker 2 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.

Speaker 2 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.

Speaker 2 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.
So it does work. Like, it works really well.

Speaker 2 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

Speaker 1 yeah because then also after you have a piece of reality that's really like a moment like this are these are real moments with people who've made some mistakes or 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?

Speaker 1 And I was on a bicycle at the time. You know, I was on my bike on the cell phone you know just eating up minutes or whatever just running up a tab

Speaker 1 and I was like these motherfuckers don't know who I am you know I'm saying I'd like to see them 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 think that's when it started hitting me like oh shit it hit my credit right next I didn't even know I had credit I didn't even know I had credit until they called like, hey, your credit's bad.

Speaker 1 I'm like, what is it? Yeah.

Speaker 1 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 $1,100 to Verizon.
I thought you could just run away from it.

Speaker 1 You can't. But that was like kind of a bottom for me.
I was like, oh, shit is really real. Right.
So I think moments like this are really real to people. And then you have a gentleman here.

Speaker 1 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 a look of, he's like the arch nemesis of like the monopoly guy or whatever, right?

Speaker 1 Or kind of like a Christmas sort of, like a wig, like kind of like a Carmen San Diego.

Speaker 2 Yes, yes.

Speaker 1 Yes, like, hey,

Speaker 1 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?

Speaker 1 You can tell that, right? He's confident.

Speaker 2 Confident. He's a business owner, this guy.
He is? Wow. Wannabe business owner.

Speaker 1 Wannabe business owner. But then he also has this emergency fund.

Speaker 1 And I think a lot of people sometimes when they they'll create an emergency fund, a lot of fluid people will be very like, you know, like, oh, you're, this jacket doesn't fit. It's an emergency.

Speaker 1 You know, like the emergencies can be very, it's like, is that a real emergency type of thing?

Speaker 2 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.

Speaker 2 A lot of people will come on the show and they really haven't heard of emergency funds and they say their credit card is their emergency fund.

Speaker 2 And that's, I mean, well, again, he took a high-interest loan for it. So I guess that's pretty similar, but at least he understood he needed an emergency fund.

Speaker 2 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.

Speaker 2 But then, you know, we try to help them pay off the credit card as quick as possible. Yeah.

Speaker 1 What do you see? A lot of, is there a lot of flexing still? Like, I know that's a thing where people of like, I'm going to appear this way. Right.
Absolutely.

Speaker 1 Is that a big thing you're seeing still with like millennials and Gen Z is like the appearance of things?

Speaker 2 Or are 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 thousand bucks 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 hundred bucks 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.

Speaker 2 If I remember right, he had kids and they're basically growing up in poverty, but at least he has the rings. So there's always lots of flexing.

Speaker 2 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.

Speaker 2 I've had lots of people that I talk to where I try 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.

Speaker 2 And then they scoff at a $10,000 $10,000 car, like I'm going to be seen in a $10,000 car. That mindset's kind of gross, honestly.

Speaker 1 Right, because it's not even a real, it's because you're not living in your own reality then.

Speaker 2 It's like,

Speaker 1 yeah, I think that was a blessing about having a shitty car when I was a kid. I could, I, I've earned the money.
I bought the car. It was a piece of shit.
Someone stole the passenger seat.

Speaker 1 But I drove it, you know, people would get in and just had to get in immediately another back seat. Yeah.
You know, but it was like, I drove, but it was.

Speaker 2 Well, you learn the value of it. Oh, and that's the important part.
So many people that can just lean on others and especially those get it enabled.

Speaker 2 We see so much enablement where they get into a hard time, but then their parents bail them out.

Speaker 2 And 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.

Speaker 2 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.

Speaker 2 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.

Speaker 2 They just don't understand the value of a dollar because they never had to.

Speaker 2 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 in the street. You understood the value of it.

Speaker 2 So you're not just like.

Speaker 2 being disrespectful with your car purchases going forward. You understand it.
Yeah.

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Speaker 1 And if you've been struggling, man, we've all been there, or woman, we've all been there, and um

Speaker 1 this too shall pass.

Speaker 1 Are there a lot of um

Speaker 1 get rich now type of energy out there?

Speaker 2 Oh, yes. Is there? And that kind of goes back to TikTok and YouTube.

Speaker 1 Yeah, take me to some of that. What do you think? What is some of that? What is, yeah, what is some of that get rich now?

Speaker 2 Yeah, so many rich now schemes. What is that? Pyramid schemes people are falling into.
I had someone go into a ball python pyramid scheme that I just talked to.

Speaker 1 No way.

Speaker 2 Yeah. So he buys 10 baby ball pythons from his friend.

Speaker 2 But how do you make money off of these ball ball pythons that are supposed to breed? Okay, so hold on.

Speaker 1 You get 10 baby ball pythons and then you pay somebody, you get the 10 baby ball pythons.

Speaker 2 Okay.

Speaker 1 And now what do I do with these baby ball pythons? How do I get pyramided in?

Speaker 2 Well, how do you make money?

Speaker 2 What would you do to make money off of baby ball pythons?

Speaker 1 I think you'd have to mate them and then sell 10 to somebody else.

Speaker 2 Yeah. Now who's buying them?

Speaker 1 People you know.

Speaker 2 No,

Speaker 2 people

Speaker 2 that want to 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 pet smart for that.

Speaker 2 No one's buying from these guys.

Speaker 2 You buy the baby Paul Pythons, hoping they make kids

Speaker 2 so that you can sell them to others who want to make kids and sell to others. And he got sucked into that tens of thousands of dollars.

Speaker 2 And his 90-day fiancé 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.

Speaker 2 And also like a million other side hustles, he's trying to do the power washing. He's trying to do the car detailing.

Speaker 2 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.

Speaker 2 And the Pythons, that's this is most recent example.

Speaker 2 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.

Speaker 1 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,

Speaker 1 you're selling a few grams of ball python here, you know,

Speaker 1 innate ball python here. And then you, but then the whole time, somebody's also, whoever engineered this fucking thing,

Speaker 1 also created an app where there's like almost a ball python coin market.

Speaker 2 So that's going up and down as well. Yeah.

Speaker 1 So you're basically driving around town. With a backseat full of ball pythons, waiting for the market to go up enough.
Yeah.

Speaker 2 So you can pull over and

Speaker 2 put a couple ball pythons on somebody's tab yeah wow that's my access strategy bring that up

Speaker 2 what the

Speaker 2 what in the is happening man that's hoctua's next pump and dump i know huh where's she been at

Speaker 1 she went to bed Somebody said she went to Barbados or something and she moved out of the country.

Speaker 1 Okay. But so that's a new thing that's going on.

Speaker 1 Apparently. What's another one that's going on?

Speaker 2 Any other pyramid schemes? pyramid schemes? Lots of people getting into the knives, pyramid schemes. They're buying, you know, I don't even know what they're called.

Speaker 2 I've never joined them, but they buy knives to sell to other people.

Speaker 2 So lots of those. Lots of people getting into the day trading life, crypto life.

Speaker 2 We had some old guy with no retirement. Poor dude.
I felt so bad. He actually, he like blew through a million bucks somehow.

Speaker 2 Filmed it a couple years ago and super nice dude, but he fell into this pyramid scheme of

Speaker 2 you 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.

Speaker 2 But I asked if we could come buy and tour his business like a couple months after that.

Speaker 2 He kind of 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.

Speaker 2 Well, the reality is, though, the reality is in retirement, again, we already talked about 15 to 25, 20%

Speaker 2 are actually

Speaker 2 able to, or actually 15 to 20% of people take early withdrawals before even 60.

Speaker 2 And that the median 401k bounce is 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.

Speaker 2 You're just hoping it doubles like every seven years or so in the market.

Speaker 2 It just got to be investing like 20% a year, 20% a year.

Speaker 1 20% a year is a lot.

Speaker 2 It's a lot, but if you accurately budget, it can be relatively decent.

Speaker 1 five dollars a week is a great amount.

Speaker 2 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.

Speaker 2 But what a lot of people suggest is 50%, 30%, 20%, 50% on needs, 30% on wants, because you want to be able to live. What's the point of being here for not having fun? And then 20% to investing.

Speaker 2 So it's still the smallest percentage. Okay.

Speaker 1 But say if you have debt, right? Yeah. And you could save $5

Speaker 1 every week.

Speaker 2 What's the debt?

Speaker 1 You could save,

Speaker 1 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?

Speaker 1 Or is it better to take that 20 and put it towards just like a long-term investment?

Speaker 2 Well, a couple qualifications. Like, what would you say the interest rate of the debt is? And what is the debt?

Speaker 1 That's a good point. I would say the interest rate of the debt is probably going to be about 14% or something.

Speaker 2 Oh, yeah, absolutely. Debt immediately.
Because one, it's probably not even an asset. Like, at least the car is an asset, even if it's a depreciating one.

Speaker 2 But let's just say it's a credit card or a private student loan. You know, that's not going to benefit anything at that point.
Got it. So pay that off.

Speaker 2 And then the other question is: there's also the third category: do you have an emergency fund?

Speaker 2 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.

Speaker 1 Because there's this mentality, I think, sometimes like, oh, I'm not going to pay off that credit card. I'm going to invest, I'm going to save this money and invest.
You know what I'm saying?

Speaker 1 Like, I'm going to invest in instead. But you're really just reverse engineering a nightmare, kind of.

Speaker 2 Best thing you're going to get if you're just buying into the overall U.S. stock market is an 8% return averaged out because that's what it's been all up years, down years since the beginning.

Speaker 2 It's been 8%. So if you have 15%

Speaker 2 debt, you know, you're just not making the difference.

Speaker 1 Right.

Speaker 1 Is college still considered a normal path for a lot of Gen Z?

Speaker 2 Yeah, it can be. College, people just do college in a really stupid way, though.

Speaker 2 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.
You can do it the right way.

Speaker 2 Get your gen eds out of the way at a community college. Something, you know, ACC here is super cheap.
You can go for a couple hundred bucks a semester and get some credits.

Speaker 1 A lot of diversity, too, at those colleges. You want to meet some,

Speaker 1 you know what I'm saying, an Asian girl or guy or something.

Speaker 2 Yeah.

Speaker 2 Do it. And larger class sizes as well.
So there's a benefit. Instead of a big haul that you get in university.
So you get more one-on-one time with professors at community college.

Speaker 2 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.

Speaker 2 So that's why some of the metrics are a little bit different.

Speaker 1 I see. And if you're going to drop out, then you're dropping out there at a cheaper, sure at a cheaper rate.

Speaker 2 But then you don't have to go out of state. You don't have to go to the private college.

Speaker 2 You don't have to go to the college that has your favorite sports team that's going to go in the, you know, going to win a national championship in football. You don't need that.
Right.

Speaker 2 And then also when you're going to college, is it going to have a return on the investment for the degree you're actually trying to get to?

Speaker 2 And if you don't know what you want to 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.

Speaker 2 See if you're interested in that. Take a career.
A trade, you mean? Yeah, just look and see if that's something you're interested in.

Speaker 2 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.

Speaker 2 And I don't want you to focus all your money and time on something you don't even want to do just because it's like, oh, a plumber, they make great money these days.

Speaker 2 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.

Speaker 1 Yeah, you want to have a, you want to have some interest in what you're doing for sure. And you want to find something.

Speaker 1 I mean, that's one nice thing sometimes about going to a community college or going to a college is taking on some different uh courses and seeing like well 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

Speaker 2 40 drop out so this is not a guaranteed thing people think just because they're going to go to college okay my life is set now 40

Speaker 1 who take out student loans drop out of college wow i was one of them i dropped out forty thousand dollars of federal student loans and twelve thousand private wow really yeah yeah it took me i think 11 years or something or 10 and a half or 10 and six fifths five six years almost yeah like 11 years i think to do college yeah it happens and it costs 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 take it again really yeah okay

Speaker 1 doubling up the degree yeah and just like and i remember one 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 her?

Speaker 1 I think she got laid off. She was dealing with like addiction, pill addiction.

Speaker 1 But I

Speaker 1 did a good, you know, I did my best, that's for sure.

Speaker 2 What are, what are some things?

Speaker 1 Say somebody's, they don't know what they're doing right now, right?

Speaker 2 They don't know. What are

Speaker 1 some, let's go over some like blue collar and then non-blue collar jobs that people could do. You could start at home.
I've always said pressure washing.

Speaker 1 I grew up in a neighborhood where if you wanted to get a leg up, you could get a pressure washer, a couple hundred dollars. Sure.
You know, you get a nice one for like five, six hundred bucks.

Speaker 1 Now, you have to get that money first, but it's realistic. And then you can start pressure.
You can go to a wealthy person's area and be like, hey, I'll pressure wash it. And you can do a good job.

Speaker 1 What are some other jobs like that that you recommend to people to get started if they don't really have anything?

Speaker 2 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.

Speaker 2 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.

Speaker 2 I mean, Summer Moon, coffee shop, I like, you know, their

Speaker 2 moon milk creamer. I basically lactate that shit.

Speaker 1 Summer Moon, it's called? Yeah. I just went to a place called Two Hands.

Speaker 2 Okay, also good, I think.

Speaker 1 Yeah. They have nice people that work there.
Yeah.

Speaker 2 But they were hiring just a barista. 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 bucks an hour. You know, that's not bad.

Speaker 2 Austin's pretty expensive, but 18 bucks an hour is not bad. And that's a great place to just start.
Get your foot in the door.

Speaker 2 There's nothing wrong with the side hustles either, kind of like the power washing. A lot of people view that as like a side hustle, hopefully turning into a full hustle at some point.

Speaker 2 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. But I need the nice pressure washer.

Speaker 2 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.

Speaker 1 So that's yeah i don't want to show up with 10 snakes in a

Speaker 1 um ford festival and a dodge neon right you know yeah like these snakes deserve a classy automobile it's like what the are you talking about dude yeah people get more excited about the the actual job the journey the entrepreneurship more than the actual grinding oh 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 uh sit down and just talk a 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 uh do refrigerator cleaning right nobody wants to clean their refrigerator yeah and for like 200 bucks we'd come and clean your refrigerator and we 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 clean this bitch a lot of perverts too trying to to touch your back or whatever while you were cleaning oh sure but you

Speaker 1 chalk it up to the 200

Speaker 1 have a have somebody on watch while you clean back and forth okay yeah but uh dog walking that was another thing something you could do right car cleaning i remember um

Speaker 1 if you liked cleaning cars you like cleaning your car

Speaker 2 if you do something well somebody will pay you to do that well for them right that's one thing that i always think we used to have a uh on the street audit show that we did just back in the day when i was testing things out and i met this dude.

Speaker 1 Like, we do that on the street audit show.

Speaker 2 That sounds really cool.

Speaker 2 I'd just walk up to people, you know, those kind of camera in the face things, but I would just ask them money questions about their finances and then just kind of get my thoughts on it.

Speaker 2 But we met this dude who, you know, Rover?

Speaker 1 Rover?

Speaker 2 Like Rover

Speaker 2 or whatever? No, so it's the dog walking that you were mentioning. So you can hire dog watchers, walkers, or anything off of Rover.
Oh, wow.

Speaker 1 Beautiful animals on there. Is that a corgi?

Speaker 2 He's making $175,000 a year doing that.

Speaker 1 No, he's not. Walking dogs.

Speaker 2 House sitting dogs. But because it's just house sitting, he can also work his full-time tech job from the house that he's sitting.
So he's making like $300,000 a year. Yeah.
Right.

Speaker 2 There's a lot you could do. No degree required for that.
Sit in someone's house, feed their dog, take him out.

Speaker 1 And the funny thing is, man, I'll say this. Once you start doing something, you don't know where it's going to lead.

Speaker 1 I will be so shocked how many times it's like, okay, you're a barista, you you become a good barista.

Speaker 1 Then somebody who runs a company of some sort, they show up, they see a good worker when they know, when they see one, they're like, what are you making here? Are you making $18 an hour plus tips?

Speaker 1 I'll pay you $80,000 a year to come work right next door. You know, why don't you come in tomorrow and just talk about it, see if it's something you would like?

Speaker 1 Just because they see your work ethic or I'll pay you, it's just, it's amazing sometimes when somebody who runs a business starts to see good work ethic, that they will latch onto it immediately.

Speaker 2 Absolutely.

Speaker 1 But also the things you don't know. It's like you start with a small thing and the next thing you know, it's like, like my brother was a tree cutter, right? Who started just cutting down trees.

Speaker 1 And after a couple of 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?

Speaker 2 I need to learn more.

Speaker 1 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

Speaker 1 hard as you think a lot of times. It's just you don't know it until you start.

Speaker 2 Yeah, one of the first full-time editors that I hired, dude was making, the math worked out to almost like six bucks an hour working for a YouTuber, but his editing was great.

Speaker 2 And with the different incentives and everything I give, just based on skill, he was making six bucks an hour to now 100,000 a year. Yeah, I have a lot of people.
So like, if you can prove it. Right.

Speaker 1 And I have a friend who's been doing some personal assistanting for another friend. And I was like, bro, you should just start learning social media edits, learn how to do them.

Speaker 1 So then whenever you're with this guy, now you could, you know, just capture a couple things on your phone, put it through one of these kind of like different filters or different programs that they have online.

Speaker 1 You know, there's Capcom, there's all these different things. And next thing you know, you can show him three examples the next day.

Speaker 1 And now the next time he hires you to go out with him for an Eve or whatever it is, you know, you can tack on an extra 30 bucks an hour because you're going to make a sick edit for him or something.

Speaker 1 You know, like there's just, there's a lot of things that you can do. I think that's kind of an easy one you can learn is how to become a social media editor, video editor.
Yes.

Speaker 1 Now you're going to have to have a computer that works to do it and you're going to have to have at least your cell phone to be able to do that. But I think that that's realistic.

Speaker 1 Trying to think of what else. Oh, carpet cleaning is something that people don't want to do a lot of times.
Yeah.

Speaker 2 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 washing, window cleaning, and carpet cleaning. Wow.

Speaker 2 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.

Speaker 2 They opened a second branch. They're doing well.
There's a lot of opportunities there.

Speaker 1 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 um trying to think of some other ones work from home that aren't as blue collar under there's data entry is one i see a lot of advertising for data entry is that a valid one

Speaker 2 it could i honestly i have no idea it could be yeah

Speaker 1 Yeah, look that up. Is data entry a valid

Speaker 1 gateway job or something?

Speaker 2 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.

Speaker 1 Yeah.

Speaker 1 According to current data, an entry-level data entry position

Speaker 1 typically pays around $15,000 to $20 per hour in the U.S. with an average annual salary ranging from $30,000 to $40,000.

Speaker 2 And are you going to do that your whole life? No, but sometimes just getting into the companies.

Speaker 1 You may need to do it for a couple months to

Speaker 1 get out of a situation.

Speaker 2 maybe you could do it while your kids at school you know what i'm saying like just 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 of course but in the conversations what i see are people looking down on jobs like that right they're not willing to even though they're not paying their bill yeah right

Speaker 2 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.

Speaker 2 They can work the McDonald's, whatever it is, just to make ends meet.

Speaker 1 Have you ever had somebody come up with a business idea that was just repulsive?

Speaker 1 And you saw them going down a road and you're like.

Speaker 2 That old guy I was telling you about, he did pump like about a million bucks into this whole thing, really. His entire life savings, everything he's worked for into his 60s, 70s, wherever he was.

Speaker 2 And again, the machine, whatever this body scanning machine is. I'm not in that world, so I don't know, but I know it was like 50,000 or something crazy.

Speaker 1 And he had the storefront that he he was investing in again just a quarter later uh biofrequency 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 ao scan this website for the product includes this claim ao scan technology why solex is an elegant yet simple way to use frequency technology based on tesla einstein and other prominent scientists discoveries uh uses delicate biofrequencies and electromagnetic signals to communicate with the body was it something like that or no?

Speaker 1 It had nutrients involved, you said?

Speaker 2 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.

Speaker 1 Got it. So first, there's going to be a place where people are going to get this scan done.

Speaker 1 And then based on

Speaker 1 the outcomes of the scan, you're going to be able to sell them nutrients to get them equal.

Speaker 2 Exactly. Get them whole.
Wow.

Speaker 1 Man, it's crazy the level of people. We had a glitter mining thing by us growing up.

Speaker 1 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 you it was you basically sold somebody right into a pyramid like i got into and it was the on the chart it was a pyramid yeah

Speaker 1 and it was like well i remember asking somebody like is this a pyramid scheme and they're like i don't know you remember what you're selling just you sold literally the square that you had it was like oh i'm gonna sell somebody sold me a square and then it was like okay now i get two squares i get to sell two squares it was a it was that is like a literal

Speaker 2 okay yeah

Speaker 1 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 one a lot the makeup pyramids game yeah it's 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 uh what's that donna what's that, Kay, Mary Kay?

Speaker 2 Mary Kay. We get lots of Mary Kays.
You do? Yes, absolutely.

Speaker 1 I'll tell you a story. I was at in West Virginia.

Speaker 1 I was doing a show there one 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.

Speaker 1 I mean, they must have had 40 different Cadillacs that they pulled up.

Speaker 2 They figured out the game.

Speaker 1 Multi-level marketing, right? So it's kind of, yeah. I mean.

Speaker 2 Again, people don't want to do the low and slow. They want to get rich now.
Right. They're not willing to just invest and hopefully hit that 59 and a half.

Speaker 2 That's when you can withdraw from your retirement, tax advantage retirement accounts without a penalty.

Speaker 1 Is that one 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.

Speaker 2 Absolutely. Because they see other people that have a proven success rate to actually do it.
So it's just a quick way to get to wealthiness. And 60 seems so far to a 20-year-old.
So far.

Speaker 1 Yeah.

Speaker 1 What were some, I know there were some,

Speaker 1 I'm trying to think of some different inventions or schemes. There was one called Dyna

Speaker 1 Dyna

Speaker 1 D Y N A. It was a bike wheel.
This thing was crazy. Dyna bike wheel.
This was it. Pull up this Dynosphere.

Speaker 1 Dynosphere vehicle.

Speaker 1 Zoom in.

Speaker 1 The Dynosphere is a mono-wheel vehicle designed, designed, patented in 1930 by John Archibald Pervez

Speaker 1 from Somerset, UK. Pervez' idea for the vehicle was inspired by a sketch made by Leonardo da Vinci.
Look at this thing.

Speaker 1 Two prototypes were initially built, a smaller electric model and one with a gasoline motor.

Speaker 1 Let me see. The driver's seat and the motor were part of one unit mounted with wheels upon the interior rails of the outer hoop.
I mean, this thing looks crazy.

Speaker 1 If you can, you can't see this on audio, but it's basically a guy driving a huge tire

Speaker 2 around.

Speaker 1 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.

Speaker 1 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.

Speaker 1 Though Pervez envisioned future models equipped with gears that would shift the inner housing without leaning, thus tipping the dinosphere in the direction of travel.

Speaker 1 A novelty model was later constructed by Fervez that could seat eight passengers, the Dynosphere 8, made specifically for beach use.

Speaker 2 I want to see that. How do you fit eight people in that?

Speaker 1 It looks like a beach. It's basically like a hamster wheel.
If you guys could imagine a hamster wheel that someone drove.

Speaker 1 Oh, there you go. There's that eight-seater.
Oh, that's kind of cool. You get to sit in a circle and it just cruises.
That's romantic.

Speaker 2 Yeah.

Speaker 1 Okay, go back. I just want to see what happened to it.

Speaker 1 It was also impossible to steer or break. Another aspect of the vehicle that received

Speaker 1 while the vehicle could move along just fine, it was also impossible to steer or brake.

Speaker 1 Another aspect of the vehicle that received criticism was the phenomenon of gerbiling, oh, gerbiling, the tendency when accelerating or braking the vehicle for the independent housing, holding the driver within the mono wheel to spin within the moving structure.

Speaker 1 Imagine you slam on the brakes, right?

Speaker 1 The vehicle stops, but you just keep spinning in the middle.

Speaker 2 We need Elon to get on this. Bring it back.

Speaker 1 Yeah, that's something we need back. What else did that? i'm trying to think of a crazy oh the banana slicer can you see if you find that one this was something that somebody invented

Speaker 1 the problem was no go to that one right there on the right hutzler go to the hutzler right there it was a one size fits all uh

Speaker 1 your banana had to be one size right

Speaker 1 So if your banana was obtuse or if it was like, I don't want to 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 one.

Speaker 1 but that's crazy to think about, right? Yeah, that somebody invented that. That was kind of a crazy one.
Trying to think of anything else I remember hearing about. Um,

Speaker 1 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.

Speaker 2 Hung it from window, yeah.

Speaker 1 There you go, right there. Get that little baby at that cage, baby.
The bizarre history of the baby cage. Pull uh

Speaker 1 click on that. Get me a link to that, daddy.

Speaker 2 It's little outswitzy,

Speaker 1 little ows witsy, yeah. Little Alsides Witzy, huh?

Speaker 2 Yeah.

Speaker 2 Okay.

Speaker 2 Little

Speaker 1 play on words there. Dangling baby cages came into vogue after they were invented in 1922, but their origins really began with the 1884 book, The Care of Feeding of Children

Speaker 1 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.

Speaker 1 um and what were those cages how big was that baby cage daddy

Speaker 1 oh that baby's enjoying it huh it's got to be kind of 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 it's just the first cold plunge Yeah, that's all this is.

Speaker 2 Yeah.

Speaker 2 Yeah, that's the first cold plunge right there.

Speaker 1 That's Wim Hoff, I think. That's one of the earliest pictures of Wim Hoff right there.

Speaker 2 That's Joe Rogan right there when he's a baby.

Speaker 1 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 want to end up in a bad financial realm.

Speaker 1 Tell me about Simpler Budget.

Speaker 2 The first part of just like fixing finances is the budget because you got to know what's going in and out. And a lot of people overcomplicate it.

Speaker 2 They get a spreadsheet that they can't manage or they download an app like you need a budget, which is another really good one, 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.

Speaker 2 People that are in bad finances literally just need one place where they can just connect their accounts, tells them where money's going, and you can figure out where to actually

Speaker 2 stop spending money or close a credit card or we even were tracking different accounts where you can see your investments as well. So you can see if you're on track and whatnot.

Speaker 2 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.

Speaker 2 So they make the budget, but then they don't actively budget because budgeting is not just making a budget. You got to stick to it.
You got to follow it.

Speaker 2 So this helps you by setting alerts and whatever you need. And continued education.

Speaker 2 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.

Speaker 1 Now, are these classes more valuable than the original classes? So these are real classes. These are valuable classes.
Yeah.

Speaker 2 Well, these are financial professionals, you know, certified financial planners and people with budgeting experience.

Speaker 2 Yeah, and the thing we talked about at the beginning, that was just teaching how to day trade. So that's.

Speaker 1 That's right. So day trading in its own right is risky.
This is teaching people how to save and budget and plan.

Speaker 2 Budget, proven things that like the most

Speaker 2 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

Speaker 2 are on track to budget and pay off debt, but but they keep coming back because it helps them stay motivated throughout the week.

Speaker 1 For sure. It's just like, it's almost like going to recovery meetings or AA meetings.
It's like you go to the meetings just to keep the word in your head.

Speaker 1 You want to stay motivated.

Speaker 1 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.

Speaker 1 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,

Speaker 1 like they're selling albums and shit or whatever. Like they're, you know,

Speaker 1 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 that's really amazing.

Speaker 1 There's a lot of people out there that you don't know if you can trust. I've seen them in over my lifetime where you come with these guys.
I'm going to name some of these guys.

Speaker 1 Financier types in the world. And can you, will you be willing to just give me your take?

Speaker 2 If I know them. If you know them.
Okay, Grant.

Speaker 2 Okay, Grant Cardone is one. Yeah, Grant Cardone,

Speaker 2 one thing,

Speaker 2 one message that I kind of know about him is

Speaker 2 he's okay with going into a lot of debt and risking everything in order to get property or start a business. He's like, if you're not making six figures at 21, you're a failure, I think.

Speaker 2 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.
A little too risky. A little too flexing of wealth.

Speaker 2 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.

Speaker 2 Low and slow, invest, try to get to retirement.

Speaker 1 Yeah, I think the flexing of wealth is so bizarre to me because I would never want, I would never, if I looked at something, somebody else had, I would feel bad if I don't have it, I feel like, or part of me would.

Speaker 1 Part of me would feel inferior or something. Maybe not like

Speaker 1 up here, but somewhere in my head, I'd be like, oh, I'm not good enough or something. I don't understand sometimes why people do that sort of thing.
But

Speaker 1 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.

Speaker 1 So I think there's a motivational tactic in it.

Speaker 1 Alex Hormazzi. You know him? Oh, yeah.

Speaker 2 I think he's really good in like the motivational part.

Speaker 2 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 mindset, that's been really good.

Speaker 2 And honestly, I've watched a couple of his videos when I was dealing with a couple,

Speaker 2 you know, issues while we were scaling our business and just like, you know, what does this guy do? He built like a multi-million, hundred million dollar business. Wow.

Speaker 2 And, you know, obviously that's if someone's done it, maybe listen to them. So I've listened to a couple of things that have been beneficial from him.

Speaker 1 Ty Lopez. He's the famous guy that would read a book a day.
That shit always was crazy to me.

Speaker 2 I think this is the guy that kind of put a bad taste in everyone's mouth about buying courses online, which kind kind of sucks. Yeah.

Speaker 2 Because I think you can, we've 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.

Speaker 2 And we've seen like one 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.

Speaker 2 But so many people immediately, they see the class and like, oh, it's a scam. It's a scam.
You have to pay for it. It's a scam.
Right.

Speaker 2 And it kind of started with this dude selling a course on a million different things.

Speaker 1 We had the book in a day shit was always weird. Like, I don't even know if I want to talk to a guy who just read where the red fern grows.
You know what I'm saying?

Speaker 1 Like, I don't know who I, if I want to fucking talk to some guy who just read that in one day.

Speaker 2 But again, it was also the Grant Cardone, like, wealth flexing thing. All his videos were like, you know, behind Lamborghini in a garage.
And that's not where the average person is going to be.

Speaker 2 And that's okay. It's okay to be

Speaker 2 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.

Speaker 2 Not that that's what he advocates for, but.

Speaker 1 Yeah, and having a job is just one of the most important things. I remember my buddy's dad would always just say, do you have a job?

Speaker 1 It's the first thing he would ask me every time I saw him, 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.

Speaker 1 You need to have something you are doing.

Speaker 1 And not because you need to be part of capitalist success, but because you need to go and do something, right? You have to have a job.

Speaker 1 It can be, you know, you're making something at home that you're aiming towards selling or doing, but you want to have some motivation. A job is just a form of motivation.

Speaker 1 It's just an active motivation.

Speaker 2 Well, there's some purpose. People find purpose in jobs.

Speaker 2 Some people are purposeless after retirement. Oh, people do, you know, Fire.
Do you know Fire?

Speaker 1 Do I know Fire?

Speaker 2 Fire?

Speaker 2 The independence movement where you stack up as much money as possible, invest it all like crazy so you can retire at like 45.

Speaker 2 A lot of people did that.

Speaker 2 And no one's really doing it anymore because everyone retired at 45 with a few million bucks and they're bored and they have no purpose and there's nothing because they don't have a job.

Speaker 2 They have a family, maybe, but they don't have the purpose. Oh, I know.

Speaker 1 I have some women friends that have like spent, really got focused on, and they now they want families and stuff. And so now that's a little bit tough for some of them.
Oh, sure.

Speaker 1 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.

Speaker 1 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?

Speaker 1 It's my, 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,

Speaker 1 what about

Speaker 1 Gary Verner Chuck? He's kind of a wild one, huh?

Speaker 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, sell your silverware, sell your house.
How much is your house worth? $3,000?

Speaker 1 Right.

Speaker 2 To get out of debt or what?

Speaker 1 Sell the silverware, $65. And then you'll pull up.
I guess 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.

Speaker 1 And Gary will be like, how much money you got?

Speaker 2 And the guy's like, I got $4,000 cash. He's like, you fucking did it, buddy.

Speaker 1 And he'll hug him and then drive off in a limousine, right?

Speaker 2 All right.

Speaker 1 But it's like, that's the thing. It's like, you just don't want any loose cash sitting around, you know?

Speaker 1 He's like, oh, your grandmother's asleep, sell her. fucking nightgown while she's resting.
She don't need it. You know, it's like anything, anything they have, lease it out.

Speaker 1 Your grandfather's taking a nap, lease out his eyeglasses while he's resting, you know? It's just all type of stuff like that, man.

Speaker 2 Do you know the purpose, though? I'm so curious because I do not know this guy.

Speaker 1 It's a motivation, I feel like, right? And this is just my opinion also, but it's just,

Speaker 1 there's always something that wouldn't motivate you to do, you know? Yeah.

Speaker 1 And Viner Chuck, his family owned a wine company growing up. No shade, but it's like,

Speaker 1 Dude, if my family had a wine company growing up, you know, I remember my mom beat me one time with a bag of fucking frozen oranges. I remember that shit.

Speaker 2 Did he sell his winery?

Speaker 1 It's a little different than that, but I'm just saying, I'm not sure. But I'm just saying,

Speaker 1 you know what I'm saying? The Merlot don't fall far from the grape.

Speaker 2 You know what I'm saying, brother?

Speaker 1 What else are we going to talk about? Ty Dollar Sign. He's not, is he an investor? No, he's just a.

Speaker 1 What does he do?

Speaker 1 Is he a financial advisor? No.

Speaker 1 There isn't much information about Ty Dollar Son's investments. Okay, so I don't know how you ended up on our list then

Speaker 1 What else anything else on our sheet wanted to go over?

Speaker 2 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.

Speaker 2 You know, that's kind of one thing we didn't really talk about is that I you know, I don't want to like like just like glug glog on a bunch of stuff, but I agree.

Speaker 1 I don't want to be negative only.

Speaker 2 Yeah, yeah. This is there's a lot more opportunity that people aren't willing to accept.

Speaker 2 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?

Speaker 2 Because everything's so hard right now. And obviously inflation was brutal, especially when it was nearing that like 9%.

Speaker 2 But like we just had

Speaker 2 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%.

Speaker 2 Here we have a GDP 19 or $25 trillion, where in the UK, Germany, Japan, we're looking at $3 to $5 trillion.

Speaker 2 GDP per capita here is $70,000 to $80,000. UK, $47,000.
You know, there's a lot of opportunity here. And I don't want people to just really always beat themselves down.

Speaker 2 And I know, like my shows, it is on the negative side because

Speaker 2 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.

Speaker 1 Yeah.

Speaker 1 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?

Speaker 1 And so then you would be, you would feel more shame about having certain jobs because you wouldn't want to put that reality on the social media.

Speaker 1 Where 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.

Speaker 1 It wasn't like you didn't have, um,

Speaker 1 you didn't have that immediate reaction with people like ripping you or roasting you or or or or um

Speaker 1 making 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 want to post about your job be funny about it be like you know what i'm saying and um

Speaker 1 And also, you have to just realize like it's the shit that you don't want to be doing. That's when you sit there and your brain thinks up the shit you do want to be doing, dude.
Yeah.

Speaker 1 When I was doing shit i did not want to 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 um so i think that yeah you have to like Just know that sometimes you feel like, man, I'm in the dirt, but you're really in the soil kind of

Speaker 1 vibe, you know?

Speaker 2 Yeah, I like that mentality.

Speaker 2 There's a lot of shame in certain jobs right now.

Speaker 2 Yeah, and we put it on.

Speaker 1 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.
You know what I'm saying? Like we had a, and it was a blast, dude.

Speaker 2 Yeah, I delivered Jimmy John's for like six years. Oh, really? Yeah.
It was great.

Speaker 1 I've had Jimmy John on this podcast.

Speaker 2 Yeah.

Speaker 1 As a business entrepreneur. Big dude.
Yeah, great dude, man. Very big dude.
I saw him three weeks ago. Yeah.
So it's just like, you just never know where you're going to be, you know?

Speaker 1 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.

Speaker 2 What are you, a number nine guy? I'm a number nine guy.

Speaker 1 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.

Speaker 2 I love it.

Speaker 1 Yeah. Nice.
And I'll honk my horn from to come in. I'll even call them and tell them that.

Speaker 2 And they're like, this is getting a little weird.

Speaker 1 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.

Speaker 1 What was the last thing I was going to ask you?

Speaker 1 Oh, what do you think of an eight-leg parlay as a realistic probability for somebody trying to get a leg up in the world?

Speaker 2 You're going to have to explain that one to me.

Speaker 1 I'm talking about somebody who's got $10 left and they put it on

Speaker 1 and they put it on eight football games to all hit for a weekend.

Speaker 2 Okay.

Speaker 1 Because this is happening basically in every Pi Kappa house in America.

Speaker 2 Yeah.

Speaker 2 Dude, betting is getting kind of out of control right now.

Speaker 1 It's getting crazy. I mean, you have people laying in their bed at night, fucking, you know,

Speaker 1 just hopped up on Zins praying for Saquon Barkley. It's getting bizarre.

Speaker 2 These betting companies want to sponsor us like every day.

Speaker 2 We have to tell them the 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.

Speaker 2 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,

Speaker 2 people probably shit on me for saying this, but it's probably not going to make the biggest difference. We're just being real world about it.

Speaker 1 For sure.

Speaker 2 But behavior, there is the behavior conversation.

Speaker 2 If you are going to throw it towards the bet, that is demonstrating maybe why you got there in the first place.

Speaker 2 So that could be a good step to correct your behavior for the first time, even if the $10 is going to be make a break for whether or not your mortgage is going to be paid. No.

Speaker 2 But it's a good behavior fix.

Speaker 1 What is a good investment? You just say you keep things pretty safe for the most part, huh?

Speaker 2 Yeah. I mean, I'm mixture real estate and like just S P 500.

Speaker 1 And when you say real estate, what do you mean? Like what type of stuff would you get into?

Speaker 2 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 one would live in.

Speaker 2 I'm like, all right, I'll buy it, fix it up. And now it's, you know, students are able to live there and stuff.

Speaker 2 So there's, you know, it kind of matches with my morals a little bit instead of just buying up desperately needed housing, but also it's

Speaker 2 making money, which is good. Yeah.

Speaker 1 And over time, it definitely, I mean, time goes fast too. People don't realize it, you know? Time goes fast.

Speaker 1 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

Speaker 1 Gen Zers, like the average job, they keep it for two,

Speaker 1 like two and a half years.

Speaker 1 And it's only six months less than millennials kept their job. Sure.
You know, so it's not like Gen Zers can't work or that they're not working.

Speaker 1 You know, sometimes that's a lot of the energy that's out there.

Speaker 2 Well, you know, the crazy thing, can you look up what Gen Z thinks they need to live? Have you seen this? This shit's crazy. And I'm kind of Gen Z.

Speaker 2 I'm like in that middle, so I can shik talk both sides.

Speaker 2 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.

Speaker 2 Okay, go to the minimum.

Speaker 1 Generation Z thinks it needs half a million dollars a year to succeed. Wow.

Speaker 2 That part's crazy.

Speaker 1 Half a million dollars.

Speaker 1 They pay $4,000.

Speaker 1 Let me see. Armandara

Speaker 1 Howard and her fiancé together earn more than $200,000.

Speaker 1 The 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.

Speaker 1 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

Speaker 1 the Zillennial, she's at the cusp of Millennial Generation and Gen Z, set aside 10% of her income for retirement and has a healthy monthly budget of $500 for entertainment and dining out, which she said comes with a side of guilt as bigger financial goals continually loom.

Speaker 1 In this economy, she said a household income of $500,000 between two people would be very comfortable. Very comfortable.

Speaker 2 It would be very comfortable.

Speaker 1 Yeah, it would be very comfortable. And that's also there, man.
That's Los Angeles.

Speaker 2 Yeah, that's fair. But like the median household income in the United States is like $60,000, you know? Right.
60, 75,000, something like that.

Speaker 1 Yeah, that's one 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.

Speaker 1 You know, I mean, one of the issues is we're all stuck watching these celebrities who are living these insane lives or pretending to also, you know, I find Los Angeles in its own, like it has this like idea, like movies and parties and all the shit, but I always found it to be like, it shuts down early.

Speaker 1 Like all the bars close early, everything, it's all for look, right? Everything there was more like, let's make it look this way, right?

Speaker 2 Interesting.

Speaker 2 One thing I think that tells me specifically though, Zillennial, like I'm a Zillennial, you know, in between that era,

Speaker 2 I didn't have a job during the Great Recession. I didn't need to.
I was a kid.

Speaker 2 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.

Speaker 2 And you realize that, okay, maybe living isn't about being able to get, you know, five cups of coffee a day. That isn't the requirement for life.
I want you to do it, yes.

Speaker 2 But for them, that is full comfort where, you know, throughout most most of human civilization, we're just trying to survive. Yeah.
And we are very comfortable right now. Yeah.

Speaker 1 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.

Speaker 1 But yeah, it's like most of us have food, you know, we have clothing, you know, we have a place to sleep. And that

Speaker 1 like internet in the world, that is.

Speaker 2 opulence.

Speaker 2 Like a demonstration of this, I was dating someone from Venezuela for a little bit. Oh, wow.
Okay. I know, exotic.

Speaker 2 And she, one thing she was telling me about her culture, I was like asking what's different about this culture versus the different cultures she lived in all over the world when she was escaping Venezuela.

Speaker 2 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.

Speaker 1 Trans stuff or.

Speaker 2 Not just that. Like, okay, so Zuckerberg, right? Yesterday he announced that tampons are leaving men's bathroom or whatever.
Like, I don't care either way, whatever.

Speaker 2 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 the country isn't starving.

Speaker 2 Yeah.

Speaker 1 Or sometimes that the media is tricking us too by saying like, this is what we should be talking about, you know? Yeah.

Speaker 2 But click.

Speaker 1 Yeah. But I agree.
The fact that people are able to, that people are bringing that kind of stuff up. I'm trying to think of anything else that I wanted to talk about.

Speaker 1 Any other any other group that came on your show that was kind of fascinating to you? I would love to play one more clip from your show.

Speaker 1 What's another one that we have this that 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, um,

Speaker 1 it's just 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

Speaker 2 like

Speaker 1 nucleus that you're in of like entertainment and finances. What's this one right here?

Speaker 1 Shakespeare.

Speaker 1 Oh yeah, play this one dude.

Speaker 2 We built up $75,000 of student loan debt. Say the degree one more time.
I study Shakespeare. Okay.
Shakespeare, lovely guy. What are you going to do with that?

Speaker 2 Well, that's such a complicated question.

Speaker 2 No. I was really hoping for a more, you knew what you were going to do with this much school and so on.
So this is where you just have to say, we come from different worlds.

Speaker 2 You're not going to understand this. What do you mean?

Speaker 2 You won't understand like the precarity and why it's really all right what do you mean though like your reaction there was like oh i no i studied music 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 um so i could be um 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 is the continuous college because they're they don't want to leave college so they go for the master's degree 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 want to go back every day i want to go back every day and this person gets a shakespeare degree so yeah doctor and shakespeare yeah to be broke or not to be broke dude that's the question i feel like would

Speaker 1 and now unless now unless you're going to go to a renaissance fair and get winked at by the king or something i feel like it's going to be an uphill climb, dude.

Speaker 2 Well, she wants to be a teacher. That's what they do.
You go to school to teach other people

Speaker 1 to stay in this world.

Speaker 1 There is always a person who stays in school. Yeah.
And sometimes it gets blamed. I'm like, oh, look at this dude.
He can't get his diploma or this girl is an alcoholic and she, you know, goes to.

Speaker 1 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 want to get out and face the world.

Speaker 2 Yeah, absolutely. Yeah.

Speaker 1 Cool, Caleb Hammer. I appreciate it so much, man.
Thank you so much for just being willing to come and chat with me.

Speaker 1 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.

Speaker 1 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.

Speaker 2 Yeah, a little wake-up call. Yeah.
Yeah.

Speaker 1 For sure. And you're an alarm clock, man.
So, thank you so much, Caleb Hammer. Best of luck, brother.

Speaker 2 Thanks, man. I appreciate it.

Speaker 2 Now, I'm just falling on the breeze, and I feel I'm falling like these leaves. I must be

Speaker 2 cornerstone.

Speaker 2 Oh, but when I reach that ground, I'll share this piece of mind. I found I can feel it

Speaker 2 in my bones.

Speaker 2 But it's gonna take

Speaker 2 a little bit of

Speaker 2 time.