E556 Caleb Hammer

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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. 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 and i will find a song i've been singing caleb hammer man thanks for uh catching up dude yeah what's up buddy nice to meet you not much Yeah, nice to meet you too, man.
Hammer, Caleb Hammer, man. Thanks for catching up, dude.
Yeah, what's up, buddy? Nice to meet you. Not much, yeah.
Nice to meet you too, man. Hammer.
Caleb Hammer. That's a good name.
Yeah, it's powerful. It is.
Is that Russian? Hammer? I think I'm British and Native. Oh, yeah? So a little conquering, you know, of the United States a little.
Oh, wow. Yeah, so no matter what side of the bed you wake up on, you're going to draw a weapon probably.
That's right. Yeah.
That's wild. Native American? Yeah, like 25%.
Oh, that's great. That's a good amount.
Yeah. Not too heavy, but.
Yeah. Chilling.
Yeah. Enough to feel a little tan.
Oh, yeah. A little minority.
Yeah. Oh, enough too to fucking know how to make a good fry bread too, I bet.
Yeah, I noticed that. So you're kind of this financial guy or financial liaison even to like Gen Z or millennials.
I mean, it could be anyone, but I feel like that's kind of like it seems to me like that's kind of like the world that you work with. Yeah, that's who got attached to it.
We age range in that like 18 to 35. That's our big group.
That's where our metrics are right now. And you're helping people with their finances.
Like what kind of qualified you to become sort of this person who's offering suggestions to others? Yeah. I mean, since the stuff I talk about is so basic, I was a dumbass enough back in the day to overcome all that debt, get control of my spending, learning how to budget, get kind of obsessed with the personal finance space, build a pretty successful net worth before I started YouTube, 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.
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. 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.
We call it Caleb Springer. That's our, really? Yeah.
Oh, I didn't even know that. Yeah.
Oh, that's great, man. 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, okay i'm in a bad spot college was i was so dumb in college man just starting to go into it i was going into a major that wasn't going to make any money i wanted to go into music and of course if you're going to go into music you have to have like a fifty thousand dollar computer or whatever it's some nice beautiful imac so max out a credit card with that gotta have an electric piano you gotta be cool you know you gotta be like the other music majors max out a credit card with that uh why cook when you're tired from school go to mcdonald's every day and that's before i was even a fat fuck like you know the house is able to consume those and still be skinny but max out a credit card with that gotta get around so i max maxed out i got like a 10 11 000 car loan but i couldn't afford the down payment of course i didn't know anything about money so i borrowed like 5 000 from the grandparents just to get a down payment on a car it's the same stuff we're seeing on the show so you were in a bad spot bad spot private student loans too man it was rough and had you been getting advice from anybody or do you were just no this was generational my parents even though they are better now i'll give them credit there uh we know we grew up definitely lower middle class foreclosure notices that kind of stuff and at that point when the people who would teach you about that kind of stuff because our school system really doesn't at at least in Michigan and I don't think Texas either. At that point, you rely on them to teach you, but they didn't know anything.
So I was just continuing that cycle. 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.
And you have to get that drive somehow. Right.
That's a great point. Yeah, I was always kind of amazed that they didn't teach us in school like if you didn't have a strategy like they would have people come for um 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 they never had like a crack at it come yeah and talk to the class for 20 minutes and be like this is how this happened right or they never had anybody that was selling leg or selling cooter or whatever on the street tell you know like hey this is how things fell apart like they never had that other side of somebody who was like in a second bankruptcy or somebody who'd been abused in a marriage you know it's like you never really got you always just got the like i'm a fire man you know and the kids would be like awesome you know and the guy would let you play with his axe or whatever 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 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.
Okay. So you were bad off.
Real bad. And how did you get on bad off? 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, the all the different home shows i was interested in real estate and that's kind of just a decent connection and segue over to personal finances so eventually once i started realizing yo can't afford rent i started just googling some things and i found some other creators some other podcasts like bigger pockets podcast is really good um i think i started bigger pockets it's, it's really good.
Those in real estate. Do you know Graham Stephan, a finance YouTuber? Let's see a picture of him.
Yeah, a little short dude. Graham Stephan? Nope, I don't know him.
He's one of the OG finance YouTubers and I think I started watching him when he was up and coming. I was like, wow, I can't believe how absolutely stupid I am with finances.
I didn't even know there was this other world. And then to accomplish the things I dream of accomplishing, it's going to take actually marking the goals I want to get to in the different steps that are required to get there.
And that's where I started to actually focus on building the income, not just the hobby stuff. I was doing music composition and I was making like 30,000 hours a year off of that in college and dropped out of college but um from there i just knew i had to go get stronger income actually build myself a budget and that's when i started you know looking to move in different areas and i got a connection down in austin and that's when like i actually started putting the focus in pointing my money in the right direction, building a budget for the first time.

And it's been good since then.

Yeah.

Okay, so you started to put your money back together.

Did you pay off some of those things?

Did you get rid of the car?

You said you dropped out of school.

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

Okay, it's going to sound like the most arrogant, cunty thing ever.

But I was actually making more on my music compositions than my own professors did on their own compositions so i was like why am i spending more money to go in school okay so that's when i dropped out okay you already felt like you'd kind of been able to learn what they were going to teach you over a course of a long time kind of i mean i i like the lessons and stuff but then i still had to go to all these other classes that don't matter and i had to spend money on that right or at least things that were going for the degree but at that point i still knew nothing about personal finances once i moved to. And I had to spend money on that.
Right. Or at least things that were going for the degree.
But at that point, I still knew nothing about personal finances. Once I moved to Austin, I wanted to get a job that focused on me being my own business, essentially.
That's what I was doing with music composition. And 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.
You're out there building the client base. And that's what I ended up doing.
And with that, I reached the top of the sales team immediately. Selling? Yeah.
Selling, it was trading education, you know, like stock trading and some memberships and stuff like that. Okay.
So no, I'm not familiar with what you're talking about. Like stock market.
Okay. So you became an investor? No, I was selling classes that taught people how to become day traders and stuff.
Okay. So day trading courses.
Really bad products, I'll be honest. But- Really? You know, I just had to, you know, I was taking the job that would hire.
Okay. So the, but the actual product wasn't a good product or it just, you thought it was- It was fine.
Just people shouldn't be day traders. That's the thing.
Oh, I see. It's like 90 like 90 lose money it's not that the people that were teaching it were bad or the education itself was bad it's just like that's probably too risky for your average person to get into so it's just a risky thing to get into risky to get into but luckily the people i was selling to they were with people with too much money too much time so they were yeah it wasn't like you were selling it to children or whatever no okay no uh especially since i mean 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.
But actually being able to build that personal business, personal brand, and getting to the top of the sales team, eventually getting to the place, bringing in six figures. Wow.
Grinding for a couple years, I focused on paying off my grandparents first because it was family debt. It's a little emotional.
That's probably not what I would necessarily suggest today to people that I'm talking to. But that's what felt right in that moment.
And then the credit cards. It's about paying off your grandparents, you mean? Absolutely.
Well, yeah, because you have to see them. You still have to answer their calls.
And you have to hear the timbre in your grandmother's voice, knowing that they're concerned about their future because they're missing a little bit of their nest egg exactly exactly and they were nice enough to give me that money in a hard time i gotta be nice enough to prioritize paying it back right and then the 30 percent couple 30 credit cards i had from there about 10 000 hours total in credit card debt and then sally me you know that bitch oh yeah the loan specialist yeah no she's not she's not great so i had some like 12 percent interest private student card debt. And then Sally Mae, you know that bitch? Oh yeah.
The loan specialist? Yeah. No, she's not, she's not great.
So I had some like 12% interest, private student loan debt, maybe 15%. It just kept ballooning.
So I focused on paying that off after that. But those are private ones, right? So there's, there's ones you get from the state that are lower percentage.
Okay. Yep.
I had federal backed student loans. I still do.
Cause I'm not going to pay them off cause they're only 4%. Actually, mine are like 3%, so I'd rather invest instead.

So I'm just doing my minimum monthlies there.

But yeah, so because Sally and her 15% were just so crappy,

I focused on paying those off next.

And then eventually my car debt as well because that was also like 11%

for a Nissan Altima 2013.

I don't know if you're a Nissan Altima girly,

but their transmissions, they all die immediately. So it it was like 60 000 miles and the transmission was dying so and i already owed debt on it oh yeah ultima is definitely um a lot of latinos would drive them i know and then my ex-girlfriend drove one oh um okay so so you started to get out of debt you got some money going.
You found out that, okay, you realized maybe this could the direction you were going in at school wasn't for you. It sounded like you started to make some kind of like severe choices, right? Yeah.
Big life choices, moving across the country, packing up the sedan, you know, going from Michigan to Texas, I guess it's not across the country, but it was a big move for me and focus 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, that's where I was like, I can finally start accomplishing the dreams I wanted to.
And I was putting 10% down on a house here in Austin. And that was my big goal.
And were you still doing sales at that point? Yes. Yes.
I was still doing sales and I started moving in the world of like product management and the tech world um but like what does that mean so it was kind of like fake product manager i'll be honest for all those that know product management out there but i was like overseeing memberships at that company that i was talking about and trying to improve their products and i was just kind of overseeing that working with different teams but okay i was transitioning to that world because, again, I just like the – I like running some things.

That's why I like building out the company that we have now and having management over products and just making a better experience for the clients. Okay.
And is the product you sell now to people, is that a more helpful product, you think, than the first one, the other – Oh, absolutely. The 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.
It's things that actually help people instead of like, hey, there's a 10% chance you might be successful in this field. Good luck.
Right. That was kind of the products back then.
But yeah, so people can actually, you know, finally take control over their destiny. Okay.
What is, you talk 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 right like a lot of it sounds like you're like okay college isn't for me i need to change that these are the high interest things that i need to i need to i need to get a job or find a field you found sales it's working well for me so and then i need to find out the specific the higher interest things I need to get out of those first, the lower interest things I can keep because if I can 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 three or 4%. Exactly.
Okay, so now you have a YouTube channel where you kind of talk, it seems like to a lot of like Gen Z. Is that kind kind of safe to say? Gen Z millennials? Yeah, Gen Z millennials.
Okay. What is the number one thing that they are going into debt over now? In America, cars, man.
Cars. Everything's drivable infrastructure here.
So you have no choice but to get a car. You need a car to get a job to pay for the car.
Right. They kind of locked us into that, huh? is there a theory that they that they did that on purpose that a lot of that's done on purpose you think that we had that they created like this car economy can you look up just see what you find on that well i know in the 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 bulldoze massive communities and just build 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 gotta drive on the highway and it's a cycle from there yeah i think 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 shit after that too. It really did.
Yeah. Whether it's funding or just the job opportunities, like they went to shit.
Like New York in the 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 the city now though. People are giving up their car and in my age range, you know, and the audience is age range.
They want to live in those more walkable communities. I move into a walkable community.
I love to not have to drive. Oh, yeah.
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 lifestyle.
Yeah. You know, I think that was like a big part of the lifestyle then.
Let me see. Commuting as we know it today with people regularly traveling significant distance between home and work became prominent during the mid-19th century, primarily due to the Industrial Revolution, which led to large population shifts towards urban areas and the development of suburban communities accessible by newly established rail systems, allowing people to live further from their workplace and commute into work regularly.
The term commute itself originates from this era of early rail travel where people paid a commuted fare for regular travel to the city. Oh, wow.
So I guess if you were one – like a person that came every day for their job into like rural New York into the New York City, then you paid a commuted Yeah. And I, I'm honestly not against like the driving if you want to, or living with more space.
I'm not against that at all. Like I actually liked that the community I'm moving to is kind of like that.
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. You know, we're supposed to be like this capitalist bastion of freedom, but we don't let anyone build what they want on their property.
So you live in a neighborhood and in order to get a coffee, you have to drive 10 minutes because no one can build a coffee shop in the neighborhood. Right.
Because we tell people what they have to build instead of letting the people determine the market and the market determining what gets built in places. That's what I want to see, a more freedom-esque living situation where people can build their communities yeah i think that that's fair but then i guess what if you had you have a place you finally call home you love it and then somebody next door builds like a neon light shop or something yeah and they're just huge and they're put billboards up in their y'all like that kind of thing i feel like would lead to war yeah that's more like hoa you? So like I'm okay with like small communities coming together and deciding what's good for their community.
But a whole state or a city saying, no, you know, you're 40 minutes from City Hall. You can't build a bakery there.
Right. Sorry, a highway has to go there.
Yeah. So.
Yeah, I guess sometimes you don't know what a city's overall strategies are too. It's like sometimes just as a regular citizen, even though you may think that we do, maybe we wouldn't know sometimes what their overall strategies are too it's like sometimes just as a regular citizen even though you may think that we do maybe we wouldn't know sometimes what their overall strategies are there's this crazy concept uh where austin we built housing you know we just allowed developers and capitalism to take place so we built housing guess what's been the largest rent decrease in the nation austin who would have thought the largest rent decrease why because it's extra housing yeah we built so housing.
Yeah. Cause we just let capitalism happen.
But so you saying that's the bad side of it. Well, it sucks for people, I guess, property values or landlords, but it's also a blessing for people that can live.
Yeah. Yeah.
Oh, well, one of the worst things that happens in a lot of places is the artists and stuff for the first have to leave an area because they're the ones who can't afford to live there anymore. You know, I think that happens in a cities where um you know rent prices start to go up 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 yeah gentrification is weird because like honestly you kind of go in there you 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. 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 uh that's where i want more access like home ownership because if someone owns a home in that area and gentrification happens you know they can make a lot of money so i want the people who are already there to have access to be able to get into the home and buy it it's the renters that get pushed out like the saxophone guy he'd be the one that gets pushed out and that sucks yeah you lose a lot of authenticity there too you lose people who know the lore of the neighborhood um and then everything just starts to be a panera bread too which really starts to suck chain 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 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 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 they have a great area there called 12 south and it has all these like great little shops and stores and then um now it's just been it has like a rag and but just like it had like quaint vibes you could walk down it just felt like you were in like a neat pocket and then now it just feels like you you can barely tell the difference between there and if you're walking down like um south congress in a way yeah so you're still in nashville you're ever gonna move to austin i might i'm thinking about it you know i'm thinking about if i could afford to get a home here and keep a home here you know oh you could then i would be able to um go back and forth you know oh if i financially audited your statements i know you could get home this show is sponsored by liquid iv if i sound pretty juicy that's because it's shoot i'm liquidated right now i've couple packets today, probably three, four packets.
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Shopify.com slash Theo. 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 well car debt for sure that's what every american faces it's car debt it's yeah again you have the car so you can get to work to get the paycheck to pay for the car that's the first thing my mom said she's like okay you're gonna get a car to get to work to pay for your car yeah and it really was the truth kind of it really is but also having that freedom was great you know yes and i 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 that so that's pretty much it oh yeah they won't even let you um take a scooter or a lime on the interstate yeah 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 what state is allowing you to scooter on a highway it might be new hampshire or something they don't give a fuck they're as long as you're an organ donor they'll let you fucking do whatever you want bro as long as you are donating plant-based organs back to society. That's wild.

So. organ donor they'll let you fucking do whatever you want bro as long as you are donating uh plant-based organs back to society that's wild um so um when i was a kid they had you felt like you had to have a job right and my mom or my um you know i was raised by my mom she always had a job she had a job like i don't think she only had like she just it was always work, you know, and parents would have been ashamed if they didn't have a job.
Do do the younger generations feel that same way? Like people that you're talking to, do they have that same feeling about work? No, there's something really interesting happening in our culture right now that I cannot define super well. I always mess up with the words infantilization.
Infantilization? Infantilization, yes. Okay.
Thank you. A lot of people, I don't know.
Everyone's like, I'm 19, I'm still a child. There's a lot of that conversations that I'm having on my show.
And honestly, I didn't notice it too much until I started doing my show. And then 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 baby syndrome kind of 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 but now it's like i'm a child not everyone but it definitely feels like a cultural shift huh you know those um predator like beating videos online oh yeah there's so many of them now yeah one thing that's i i just saw yesterday on twitter uh or x that was just kind of demonstrating what happens when gen z meets with those predator beating videos they l lured someone, you know, as usual to meet an underage person to beat the crap out of the person.
But the Gen Z people lured a 21-year-old to meet an 18-year-old and beat the shit out of the 21-year-old for meeting an 18-year-old because it's a huge, crazy, underage 18-year-old who's a child. Right.
So we must beat the crap out of the 21 it's really weird like what are you saying like that was just like they can't even do that right you're saying like no it's just it's it's thinking that oh i see it says five worst to sir worst set worst sister worst sister oh brandon's on it 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 Five students from Assumption University in Worcester Are facing charges of kidnapping and assaulting a man For a TikTok inspired to catch a predator Police are saying that the man did nothing wrong As court documents state the man went to meet a woman who was listed as 18 years old online so so what are we saying here are we saying the school would not say what disciplinary action if any may take first of all the math department should take action against these against these fucking predators yeah because you have to at least be a predator yes you can't just i mean it's so hard to meet people now and this guy finally comes out of his house to meet somebody and he gets jumped that's crazy but no you're seeing it all over social media right now but what are you saying about this i'm saying that they think you're still a child at 18 and 19 and oh i see you're saying so that you think part of that. I mean, they're talking about age gaps.
If you're dating with someone two years, like over two years, people are freaking out now online. It's crazy.
The pearl clutching is wild online right now. Lots of just like over sensationalized.
Right. Just everything right now.
But I'm seeing that in these conversations where people are like 20 and they think they're still a child they don't have to there's no responsibility yet they can just lean on everyone around them their family and they just don't have to take care of anything yet and that it's 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 yeah there's also this on tiktok especially there's like this victim olympic stuff going on where people are trying to over victimize like i'm more of a victim than you from this thing and it's like it's just it's an always over just stepping over each other on who's the biggest victim i i it's so funny you say that i saw something like this i love i love where you're at man because even some of the things you're saying it's like things that i couldn't um you're just at this really unique intersection i think um i just wanted to say that i'm just realizing that more as i talk to you um but yeah i'll see things it's like yeah the fires are really bad but realizing that it's been 11 days since your boyfriend texted you back. Right.
And you're like, and someone will be walking down the street with flames in the back, but they're making it about them and their boyfriend or something, you know, or hope my door dasher is okay. It looks dangerous out here today.
And they'll be from their balcony looking for their taco order. And there's buildings on fire.
are we fucking i don't know man turn on your stove and also leave and go rescue yourself you're gonna risk it all for some raviolis yeah it's just it's almost like people don't even feel like they're gonna die it's almost like um yeah some 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 is it the parents or is it just society who's where are you finding the fault of that you know i haven't seen parents like talk about it so i don't see them doing i'm sure there's always an impact, right? 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.
Congratulations, man. Well, thank you.
But like, even still, I've seen videos of examples of people talking about a story from their past. And they're just sharing a story about something that was just you know slightly inconvenient and then people go in their comment sections and say no actually you're a victim you're a victim of all this that this that like there there was some tiktok i was watching i don't know i think i was watching a reaction to it someone was talking about how they had an awkward hand-holding experience when they were in high school and people people were going through the comments like, no, you were raped.
And it's like, fuck me. And they're just, I don't know.
It's just this enabling. Thumb raped or knuckle raped.
Shit, stuff like that. You're like, that's, what, are you going to do a swab kit now on my hand, you know? It's very interesting.
So people, it's just 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 not everyone's like respected immediately who comes out of the gate and just like you know tries to act like this big victim right all the time especially other creators that try to come out and be like i'm a big victim from this other creator who like said something bad about me and then you can clearly see when you like look at their social blade and that video they made was their most popular video of all time i'm like oh wonder why they did that right so now they're oh if somebody gets uh views off of victimhood yeah in some ways i mean but i think you saw go ahead little shitty part is it actually just diminishes like, for sure. Well, I think you saw I saw this with Mark Zuckerberg the other day.
He was on Joe Rogan's show and he was talking about bring up some of the clips. He was talking about how.
Mark Zuckerberg tells Joe Rogan podcast Biden administration tried to censor memes in surprise episode. These people from the Biden administration would call up our team and like scream at them and curse.
And it's like these documents are it's all kind of out there. Do you record any of those phone calls? I don't know.
I don't think I don't think we were. But but I think I want to listen.
I mean, there are emails. The emails are published.
It's all it's all kind of out there. And and they're like, and basically it just got to this point where we were like, no, we're not gonna we're not gonna take down things that are true.
That's ridiculous. They want us to take down this meme of Leonardo DiCaprio looking at a TV talking about how 10 years from now or something.
you know you're going to an ad that says okay if you took a covet vaccine you're um eligible you know like uh for for this kind of payment like some sort of like class action lawsuit type meme and they're like no you have to take that down we said no we're not gonna take down humor and satire that's good and i first of all i believe you will probably see things like that because it's a lot how the drug how drug companies work right um but i think this is exactly what he's doing he's because they had like there was they admitted before to like um only putting certain stuff up during like um deciding them deciding what it was misinformation or not right which which is just it's a it's it's awkward for a platform to decide right kind of like unless something is you know um sexual violent things like that i don't think that should be on you know but for them to decide um for them to decide what was misinformation but i feel like that's what he's doing here now he He's playing the victim here. He's trying to say that, oh, we didn't, they were telling us to do stuff instead of him saying we were doing these things.
They're calling and swearing. Yes.
Oh no, not swearing. Right.
Oh no. Right.
He's just trying to say, oh, we were a victim of all this. And you're almost playing, now you're pointing fingers a sinking ship since the Biden is, first of all, you know, he's, he's not, it's not fair to communicate with him.
I don't think, and probably hasn't been for a bit because he's just not mentally well. Right.
And no judgment against his party or, but just to me, I've always felt like they were taking advantage of a senior citizen, right? Like if that were my father or grandfather, I'd be kind of upset, you know, that people are marching him out every day because he believes what you're telling him right he believes that he's fully capable and competent right um but yeah in this instance that that's exactly you say that there's creators doing that i think this is one of the biggest creators uh doing exactly what you're saying well i mean we had a prime example we called the episode our titles titles are wild but someone finally walks off financial audit i guess that's actually not that someone finally what you said walks off financial audit okay and uh one of her big like she was a perpetual victim throughout her life uh 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 so she can't work ever because she's not able to have any kind of authority around her because it would make her to feel too triggered or something yeah right so she just couldn't have a boss ever also she can't do any physical activity or labor or anything So has to sit down and do her veterinary stuff from her house, but won't get hired. And half of her resume, by the way, was like activist stuff anyway.
So like 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.
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 gonna pay me and you're you almost become an employee of your therapist in some ways i'm not saying that's exactly what happened but sometimes that will happen to people and then yeah people are like i can't lift anything heavy because like in a past life i was a weight lifter or something who was injured and you're like well fucking we got to get the boxes on the shelves okay like it is difficult yeah and she may have had a physical disability with that but not having not have not being able to have a boss like you can't just but then complain about how everything's bad and i let's be honest there's no way her therapist told her she shouldn't have a boss yeah a therapist wouldn't say that yeah well at times you'll pay and then you you'll but book, that kind of becomes a, like an emotional race card in a way sometimes where people are like, yeah, my therapist said that, you know? Yeah, absolutely.
I mean, she 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. Just go over the other side and hang out a little bit.
He didn't want to. So he's a bad person for leaving her because she wanted to, you know, date women 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 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 so a lot of blame yeah two weeks into marriage what do you um what do you think is the number one thing that's preventing uh gen zers from working or do you think we already talked about that? Let me see where we're at right now.
Well, I mean, honestly, 60% to 70% of Americans say that they report feeling stress about money. 60% to 65% say they are living paycheck to paycheck.
50% to 60% can't cover a $1,000 emergency. One in four have no retirement savings.
Median 401k balance is $30,000. I mean, there's a lot of things that people got to catch up on.
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.
You need to start saving as early as you can because 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.
If you put a dollar in at 20, it's worth so much more than a dollar in at 30. But the more expensive things are and the more we treat you like a child who doesn't have to work and it's OK to take your time after college and it's okay to go into debt and it's okay to do all this stuff.
The further you are from not only putting money towards retirement, but covering the $1,000 emergency or paying off the debt that's eating 30% interest by year. Yeah.
The more you have that, the more that that mentality is accepted and nurtured and becomes like a habit, then surely the further you are from if you're not even taking care of your responsibilities or, you know, hitting like a bottom line or breaking even, then, yeah, you're certainly not going to be investing.

Do you see that nepotism is an issue?

Because, you know, there's a lot of like there was always this idea of like Reaganomics where like the top so percent will have the money and there'll be this trickle down right yeah but that's never really kind of happened it felt like right um do you it's interesting yeah do you think nepotism um just how big of an issue is nepotism do you feel like you hear a lot like you hear a lot about these days about like nepa babies right yeah I just wonder if if you if you hear a lot about that in like the financial world like oh you're just like a um trust fund baby or something like that you know honestly you don't see too much of that in my world we've seen people that get like a big sum of money i just talked to someone the other day she got almost a quarter million dollars from a pass away relative but she went into that pile of money without any behavior knowledge of how to utilize money and'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 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 and of course we do you have any kids? I don't have any children. I would like to have some.
Yeah. I mean, you probably want the best future for them.
Right. You do want the best future for your children.
For sure. You'd probably be willing to utilize some of your connections to help if you can.
Yeah. And I'm okay with that, but it should also be based on skill.
So give them the opportunity. But if they fuck up the opportunity, you know, okay.
Like, good luck. Yeah.
So I'm good with Nepo as long as they're proving it a little. But you got to teach that behavior.
Yeah. So they don't just blow through what you give them.
Oh, yeah. I was talking a little Boosie 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? Like your same energy for, um, like if you didn't have certain things growing up, he's like, it is so hard to transfer that energy to your children.
And at the same time, want to give them just, you know, the basic needs even, you know, and the basic needs sometimes will be fancier because there, you have more money to spend. Um, take a couple of examples if you can uh caleb of like um gen zers or millennials and some of the issues like just specific things that they showed up with on your show um okay yeah i mean we had uh this is a couple we just talked because it's so entertaining like this is what one thing that's so great it's like it really is it's, yeah, it's a financial Jerry Springer.
And it's so funny that you had already coined that term for you, for you guys selves. Well, people use it as an insult, but it's not.
So I just accepted it. I don't think so at all.
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.
And then they have fun. Then the audience has audience has fun and what's crazy is like we could sit down and we could just like do the most boring finance content ever and 50 000 people watch it or something and some people learn something or we could do this like true real show that is also just also really entertaining hundreds of thousands millions of people watch it and then we've calculated about 20 000 people at least have which is based on comments and, have gotten out of debt, saved for an emergency fund, have actually changed their life just because of watching this show that has gotten to them that they're interested in.
Yeah. And I think it's almost you.
I can almost see this happening where we will get to like to catch a predator videos of like you pulling up on somebody or not even you, just the way society is. Right? Because you're kind of at this perfect section of like capitalism and like voyeurism, right? Okay.
Where I could see they're almost being like a to catch a predator of somebody like buying something that they can't afford and you pull up on them on the spot. You know, it's almost like you're catching them in a transaction.
Yeah. And it's like, you know, you can't afford this, man.
What are you doing? You know, chop up their credit card on the spot. Yeah, totally.
Yeah. Like I, I just, I, I feel like that that's where we're headed.
You know, um, some people could use it. Oh, for sure.
Yeah. Oh, for sure.
There's someone walking around a mall right now that should not be in there. That, um, is pretending, you know, to probably has empty bags in their hands that weights in in them, some very light weights or old clothes, and is just pretending this illusion of, like, living in some fantasy, you know? Well, honestly, like, cities like Austin, and I, you know, Nashville's kind of similar to Austin, so I wouldn't be surprised if Nashville as well.
It's like, the richer someone looks, likely the poorer they are, because they're really compensating, you know? Driving a slightly nicer car, nicer clothes. They're usually in mountains of debt where you just have a dude like Zuckerberg.
Well, now he looks a little, you know, he's gone carrot head and everything or broccoli head. But, you know, before he looked like he was like poverty, but he's a billionaire.
So, yeah, that's a compensation. Yeah.
He kind of has that autism billionaire vibe, you know, 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 so who knows what they're gonna do some of them he looks like he doesn't even eat or anything could you haven't could you imagine him eating a meal i couldn't yeah so he's gaining man he's getting those gains i know. I'm not saying he's not healthy or something.

I just think it's very – he gives off a computer energy to me sometimes.

I mean, look up that surfing photo.

I mean, dude has a dump truck.

You know?

You don't get that not eating.

There it is.

Look at that thing.

Good for him.

And he's in white face there, so obviously they were reprogramming him or something. you know and they they had to put his face in the shop for a week or something um no certainly an amazing creator but i just i do think there's this very strong link between autism and um and uh technological advancement that i think we'll figure out in the future but that'd be nice i think i have a bit of tism but, but probably not enough Tism to get to the three-coma club.
Yeah. Yeah.
It's a bummer. Yeah, it's okay.
But still, you get Grace with a little. Yeah, the two-coma club.
Yeah. It's fine.
I beat it. I barely beat it, dude.
You know, and they said it was very close in our area. Can you take me through a couple of examples? Absolutely.
Just so my listeners can know, like, some of the stuff that's on your show 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 this couple uh they're both uh the okay try not to get canceled i guess lesbian couple and they don't know we know what lesbians are yeah yeah uh they just they're obsessed with disney 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 and what is your birthday month that thing birthday month so you have to celebrate so for their birthday month they spent two thousand dollars on disney exclusive passes and then went to Disney World, spent a lot of money on that. 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 in one month when they make $7,000 a month. And what is it? It's not like on like, is it like lessons to talk like characters? Like how far, like what are they getting into? I don't know.
They live in Arizona and they drive to LA to just have their little special birthday. This is their birthday.
I can go into debt and fuck my life. It's my birthday.
Oh, I see. So something as simple as your birthday, they can go 20 grand in a day.
Yeah. Right.
The whole month. Let's see this right here.
And this is some of it. Two Disneys in these last couple months.
Two Dis two disneys next month you guys are literally poor we only went for one day in november you still traveled there bought a guillian dollars of food took our nephew for his birthday his birthday if i hear one more thing out about lesbians and their nephew you know his birthday i don't give a shit about. What is this obsession with birthdays? How are you guys getting there from Mesa? Getting one.
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.
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.
What the hell are you talking about? 10% off merch. Got it.
This is not fucking crazy. 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. Yeah.
Yeah, or just stayed off campus and, you know, went. I'm okay if they go like once a year.
They have they're going, they have like five planned trips already for Disney.

And what does that give them?

I think, um, strippers and lesbians love Disneyland, right?

I noticed that lesbians also love this.

It's our nephew's birthday, right? Cause for a lot of lesbians, it's probably as close as they will get to having a child,

right?

Just cause of science, math or whatever.

And, um, and nowadays that's changing some, but for a long time, a lot of lesbians are

like, we got to get our, you know, our nephew, you know, it was like the, that's like the

Thank you. math or whatever and um and nowadays that's changing some but for a long time 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 so there's a lot of nephew obsession um in the lesbian community as well you know yeah um but that's a lot of money on disney yeah it is and not much return you get a return but you're an adult also yeah but unlike most lesbians i think they're gonna last forever though because they're on the same page and usually couples that aren't on the same page about money that's where they divorce but them they're on the same page about wanting to ruin their lives for disney so it's okay they'll be fine yeah they need to have a disney now i wish disney had a hostel or kind of like a um section eight area yeah they should because that would be very magical if you ended up like in the trenches yeah instead of the monorail you get a little spray painted one just a little sketchy someone tweaking out in there yeah but it has somebody's put like like elsa likes to go on the side or something you know or just spray painted some wild shit on it that thing that could be kind of interesting um okay so you're talking to people that are wasting too much money usually lots of debt okay a lot of debt what are some other ones that you're seeing with lots we had this dude uh we frustrated incel buys women instead of dating was the title uh he went into 8 000 hours of credit card debt just so he could go to strip clubs.
He sacrificed eating so he had more money to go to strip clubs. Wow.
2,000 hours a week on strip clubs. And his quote was, I'm a Sigma male.
I can just go to the strip club and get some booty that way. I guess it's easier for him.
He was a little disappointed, though, that he couldn't lick or bite them though that was his one complaint okay so he's not he did he didn't get the um fluid pass or whatever i don't know what that was another one of our guests that got the fluid pass wow yeah well strippers is that age old kind of bait and switch it's the illusion you know that's why they always catch men like masturbating in their cars outside of strip clubs because they're you know they've built up this whole illusion um 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 a lot of people are just like yeah i'm gonna snack and whatever and still waste this money yeah he picked it up in the military i guess that's what they're all doing overseas visiting strippers and stuff i guess that's how they made it through dieting and visiting this money. Yeah, he picked it up in the military.
I guess that's what they were all doing overseas. Visiting strippers and stuff? I guess.
That's how they made it through. Dieting and visiting strippers.
Yeah, I could see that. There was another one you had.
What was the one? Bring up one of the ones that we had pulled up. The guy in the red suit was an interesting guy.
Oh, yeah. I took the loan out to fund my emergency fund.
Where is this emergency fund today? I saw about 1,000 dollars. Stop it real quick.
So this guy took a loan out to fund his emergency fund. Yeah, like 20% interest, too.
By the way, it dropped from 2,500. I spent some of it.
On what emergency? Learning how to do hair extensions. Okay.
That's an emergency? I wouldn't say it's an emergency. What do you think an emergency fund is for? I took the money out of the emergency fund to buy a class for extensions.
The interest rate on this is 28.64%. Yes.
Wow. Okay, so originally it wasn't for the emergency fund.
I just thought that that would be a good idea. Okay, so let's stop it there.
So this is the kind of stuff that you're running into absolutely all the time and this is a young man he took money out at 28.64 interest to learn hair extension lessons and that was considered an emergency well first the fund is emergency fund so he takes out 28 even though like the best thing you get in high yield savings is four percent right now something like that you're losing a net 23%. 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 though.
So I think that's his out. To escape the debt, you mean? To escape capitalism is what he specifically said.
Do you see a lot of that? I'm going to fly away to another country. That seems like a very fairytale type of energy.
Honestly, no, surprisingly. A lot of people, when they just get overwhelmed by their finances, they really just put their head in the sand and they just forget about it until it all comes and bites them in the ass.
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.
And that's when we usually see them is when they've realized it's too much and they're in the most dire situation. But they haven't fully awakened to why.
So they're still defensive on things. I'm sure they're nervous on camera.
They're just normal people off the street. But that's why they're still defensive and they're in the most dire situation but they haven't fully awakened to why so they're still defensive on things i'm sure they're nervous on camera they're just normal people off the street but that's why they're still defensive and they're trying to understand like what is going on and there's lots of cope talk lots of cope talk across the table from me and what does cope talk mean when you use that term yeah just like i i i was allowed to do it it was my birthday month it's.
Yeah. It was okay to go to school for 12 years and take out private student loans to pay for an expensive apartment.
I was just trying to survive. So a lot of people trying to, it seems like deflect the reality of the world.
Yeah. Like how can, what can I do? Take what class can I take? What school can I stand longer? What can I do to not have to face the fact every day that I have to be the one to survive myself? Absolutely.
And I was there too. It just takes that moment.
It takes that moment for everything. 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. For me, it might be a heart attack.
But for my finances, it was, you know, shit, I can't pay this month's rent. I'm continuing the cycle of foreclosure notices.
So they usually find their moment, but they just don't know why things are bad. But that's when they come on.
We meet them at the bottom. Usually.
Some need a little further to go. And that sucks to see.
That sucks to sexy. But people that have come on our show though, uh, the median guest pays off $10,000 in 10 months.
So it does work. Like it works really well.
They just need that wake up call. A little of that adult moment where the, it's the first time someone's given them like the real shit without, without just trying to skate around.
Yeah. Because then also after you have a piece of reality that's really like a moment like these are these are real moments where people have 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 my thought these fuckers don't know me right 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 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 i think that's when it started hitting me like oh shit it hit my credit right next i didn't know i had credit i didn't even know i had credit until they called like hey your credit's bad i'm like what is it yeah and like your credit and i was like yeah dude put him on and they're like no your credit's bad and they're like you owe 1100 to verizon i thought you could just run away from it you can't but 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 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 or kind of like a christ a Christmas sort of like a, like kind of like a, um, Carmen San Diego.
Yes. Yes.
Yes. Like, Hey, like, like kind of like Carl San Diego.
Right. Yeah.
So I feel like he has this like, and it's a good energy. I like, so obviously he's, he's brave to do, to have his own vibe.
Right. You can tell that, right.
He's confident, confident. he's a business owner this guy he is wow wannabe business owner uh wannabe business owner but then he also has this emergency fund and i think a lot of people sometimes when they they'll create an emergency fund a lot of fluid people will be very like you know like oh you're this jacket doesn't fit it's an emergency you know like the emergencies can be very it's like is that a real emergency type of thing they see it as a pile of money yeah and that pile of money needs to be spent of course yeah yeah honestly though that's still a better mindset than where a lot of people come to a lot of people will come on the show and they really haven't heard of emergency funds and they say their credit card is their emergency fund and that's i mean well he 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 some people think if anything happens you put it on a credit card now a lot of people don't have an option so they do do that but then you know we try to help them pay off the credit card as quick as possible yeah what do you see a lot of, is there a lot of flexing still? Like, I know that's a thing where people are like, I'm going to appear this way.
Absolutely. Is that a big thing you're seeing still with like millennials and Gen Z is like the appearance of things? Or some people more go into like the emo hole of like, I don't have anything.
I have nothing. I live in a Chipotle deep inside of a Chipotle type of vibe.
No, there's still lots of flexing and lots of cope spending too. The flexing, I mean, 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. I remember he had kids and they're basically growing up in poverty, but at least he has the rings.
So there's, there's always lots of flexing. People care about what the person next to them at the stoplight thinks about their car.
Yeah. You know, even though that person will never remember them 30 seconds from then.
Yeah. Uh, I've had lots of people that i talked to where i try to get them out of a forty thousand dollar car loan when they make thirty thousand dollars that they can't afford and i'm like let's just try to get you into a ten thousand dollar car and then they scoff a ten thousand dollar car like i'm gonna be seen in a ten thousand dollar car and that mindset's kind of gross honestly right because you're it's not even a real it's because you're not living in your own reality then it's like yeah i think that was a blessing about having a shitty car when i was a kid i could i i've earned the money i bought the car it was a piece

of shit someone stole the passenger seat um but i drove it you know people would get in and just

had to get in immediately into the back seat yeah you know but it was like i drove but it was well

you learn the value of it oh and that's the important part so many people that can just

Thank you. would get in and just had to get in immediately in the back seat yeah you know but it was like i drew but it was 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 named we see so much enablement where they get into a hard time but then their parents bail them out there's nothing wrong with the heart of wanting to help someone out but they never learn their lesson and then they never understand the value of a thousand dollars even,

or just a dollar,

just a dollar.

But like,

there's so many instances where I'm talking about $300 that they're spending on something.

And that means nothing,

nothing to them.

Like $300 isn't a lot of money when it could be make a break for these

people just making a necessary payment,

avoiding a repo.

But then $300 is nothing to them.

They just don't understand the value of a dollar because they never had to, right you had that car, you had to put money into fixing that car probably multiple times or being terrified of it just bottoming out on the street. You understood the value of it.
So you're not just like being disrespectful with your car purchases going forward. You understand it.
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And man we've all been there or woman we've all been there and um this too shall pass are there a lot of um get rich now type of energy out there oh yeah is there and uh that kind of goes back to TikTok and YouTube. Yeah, take me to some of that.

What do you think?

What is some of that?

That's crazy.

Yeah, what is some of that get rich now energy?

Yeah, some of that get rich now energy.

What is that?

Pyramid schemes people are falling into.

I had someone going into a ball python pyramid scheme that I just talked to.

No way.

Yeah.

So he buys 10 baby ball pythons from his friend.

But how do you make money off of these ball pythons that are supposed to breed? Okay, so hold on. You get 10 baby ball pythons from his friend.
But how do you make money off of these ball pythons that are supposed to breed? Okay. So hold on.
You get 10 baby ball pythons and then you pay somebody, you get the 10 baby ball pythons. Okay.
And now what do I do with these baby ball pythons? How do I get pyramided in? Well, how do you make money? What would you do to make money off of baby ball pythons? I think you'd have to mate them and then sell 10 to somebody else yeah now who's buying them people you know no people 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 no one's buying from these guys right you buy the baby paul pythons hoping they make kids 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. 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.
And also, like a million other side hustles, he's trying to do the power washing. He's trying to do the car detailing.
anything is a tiktok get rich quick type of thing or even just the side hustle things that some people do make work he is just falling into it and the python says this is most recent example but the pythons he bought have gone down 50 in value because apparently you can day trade you can day trade the ball pythons on like a little market app there's a market app for day

trading ball bought yeah so so not only has somebody created a pyramid scheme of ball pythoning right so you're ball pythoning you're you're you know you're you're selling a few grams of ball python here you know an eight an eight ball python here and then you but then the whole time somebody also, whoever engineered

this fucking thing, also

created an app where there's like almost a

ballpark. here and then you but then the whole time somebody's also whoever engineered this fucking thing also created an app where there's like almost a ball python coin market so that's going up and down as well yeah you're basically driving around town with a back seat full of ball pythons waiting for the market to go up enough yeah so you can pull over and drive and put a couple by ball pythons on somebody's tab yeah wow that's my access strategy bring that up what the fuck what in the fuck is happening man that's hock to his next pump and dump i know huh where's she been at she went to bed somebody said she went to barbados or something and she moved out of the country um okay but so so that's a new thing that's going on um apparently what's another one that's going on uh any other 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 i've never joined joined them, but they buy knives to sell to other people.

So lots of those, lots of people getting into the day trading life, crypto life. We had some old guy with no retirement.
Poor dude. I felt so bad.
Actually, he like blew through a million bucks somehow. I filmed it a couple of years ago and super nice dude.
but he fell into this pyramid scheme of you like buy these nutrients that people can take and then,

but. years ago and super nice dude but he fell into this pyramid scheme of you like buy these nutrients that people can take and then but you hope they come to a storefront to step in a body scanner that tells them how healthy they are then they buy your nutrients but i asked if we could come by and tour his business like a couple months after that he 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 oh well the reality is though the reality is in retirement again we already talked about 15 to 25 20 percent are actually able to or actually 15 to 20 percent of people take early withdrawals before even 60 and that the median 401k balance 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 you're just hoping it doubles like every seven years or so in the market uh you just got to be investing like 20 a year 20 a year if you're starting years a lot it's a lot but if you accurately budget it can be relatively decent.
We have $5 a week is a great amount. Yeah.
Starting anywhere is great. Starting anywhere.
I mean, that's why you focus on getting out of debt first so that you have more to invest, out of the high interest debt. But what a lot of people suggest is 50, 30, 20, 50% on needs, 30% on wants, because you want to be able to live.
What's the point of being here if we're not having fun? And then 20% to investing. So it's percentage okay but say if you have uh debt right yeah and you could save five dollars every week what's the debt you could save um say you have say you're ten thousand dollars in debt okay and you're 25 years old okay and you could save twenty dollars a week right would you rather you put that twenty dollars a week towards paying off the debt or is it better to take that 20 and put it towards just like a long-term investment? Well, a couple of qualifications.
Like what would you say the interest rate of the debt is and what is the debt? That's a good point. I would say the interest rate of the debt is probably going to be about 14% or something.
Oh yeah, absolutely. Debt immediately.
Cause one, it's probably not even an asset. Like at least a car is an asset, even if it's a depreciating one, 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 and then the other question is there's also the third category do you have an emergency fund if you don't have an emergency fund then at that point we're still funding the emergency fund over investing because you need to protect yourself in case of the rainy day and the rainy day always comes because there's this mentality i think 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 i'm saying like i'm going to invest in instead but you're really just reverse engineering a nightmare kind of best thing you're going to get if you're just buying into the overall u.s stock market is an eight percent return averaged out because that's what it's been all up years down years since the beginning has been eight percent so if you have 15 percent that you know you're just not making the difference right is is college still considered a normal path for a lot of Gen Z? Yeah, it can be.
College, people just do college in a really stupid way, though. People go to the dream school that has the sports team they want for the major that doesn't make money.
So it's not that college is the bad thing. You can do it the right way.
Get your gen eds out of the way at a community college. Something, you know, ACC here is super cheap.
You can go over a couple hundred bucks a semester and get some credits. A lot of diversity too at those colleges.
You want to meet some, you know what I'm saying, an Asian girl or guy or something? Yeah. Do it.
And larger class sizes as well. So there's a benefit.
Instead of a big hall that you get in university. So you get more one-on-one time with professors at community college.
It's actually usually just kind of better education. Just also statistically, the people that are going to community college are also more likely to drop out.
So that's why some of the metrics are a little bit skewed. I see.
And if you're going to drop out, then you're dropping out there at a cheaper rate. But then you don't have to go out of state.
You don't have to go to the private college. You don't have to go to the college that has your favorite sports team that's going to go in the, you know, going to win a national championship in football.
You don't need that. 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? 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 at a trade.
See if you're interested in that. Take a career quiz.
A trade, you mean you mean yeah just look and see if that's something you're interested in and then you can go to trade school in a smart and dumb way as well there's expensive ones out there and there's just average ones and i don't want you to focus all your money and time on something you don't even want to do just because it's like a plumber they make great money these days you know the medians whatever it is but it's like pretty good if you don't have any interest in getting on your hands and isn't doing that shit you know maybe we're not doing that right 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 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 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 who take out student loans drop out of college wow I was one of them I dropped out 40,000 hours of federal student loans and 12, 12 000 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 fucking take it again really yeah okay doubling up the degree.

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You can get a nice one for like five, 600 bucks. 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. What are some other jobs like that,

that you recommend to people to get started if they don't really have anything? Yeah. I mean, there's nothing wrong with dropping some McFries, you know, just to try to pay the bills.
People look down on that. There's nothing wrong with these extra, you know, for the fast food jobs even, just while you're trying to pay your way through school.
I mean, Summer summer moon coffee shop i like you know uh their their moon milk creamer i basically lactate that shit summer moon it's called yeah i just went to a place called two hands okay also good i think yeah they have nice people that work there yeah 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 I need to hire people. 18 bucks an hour.
That's not bad. 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.
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.
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 pressure washer but i need the nice pressure washer oh wait i need the truck to be able to move it around that was the guy that we just the ball python guy he had to buy a truck so that he could move his pressure washer around so that's yeah i don't want to show up with 10 snakes in a fucking um ford festiva and a dodge neon right you know yeah like these snakes deserve a classy automobile it's like what are you talking about dude yeah people get more excited about the the actual job the journey the entrepreneurship more than the actual grind oh yeah yeah that is a huge trap isn't it yeah yeah i'm gonna look the part so much but you still have to do the part yeah and there's nothing with just get into a bank as well get into a bank work as a teller yeah uh sit down and just talk a talk talk different loans to people as well.
I mean, there's nothing with just get into a bank as well. Get into a bank, work as a teller, sit down and just talk different loans to people as well.
I mean, there's lots of jobs that don't necessarily require a degree that you can get into. I remember when I first moved to Los Angeles, we put up flyers everywhere.
We would do refrigerator cleaning, right? Nobody wants to clean their refrigerator. And for 200 bucks, we'd come and clean your refrigerator.
And we'd just take everything. 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.
Come clean this bitch. A lot of perverts, too, trying to fucking touch your back or whatever while you were cleaning.
Oh, sure. But you fucking chalk it up to the 200.
Have somebody on watch while you clean back and forth. Okay.
Yeah. But dog walking, that was another thing, something you could do, right? Car cleaning.
I remember if you liked cleaning cars, you like cleaning your car. 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 on the street audit show that we did just back in the day when I was testing things out. And I met this dude.
Like technically do that on the street audit show. That sounds really cool.
I 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.
But we met this dude who, you know, Rover. Rover.
The app. Like Rover Wade 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. And wow.
Beautiful animals on there. Is that a Corgi? He's making 175,000 hours a year doing that.
No, he's not walking dogs. 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 hours a year.
Yeah. Right.
There's a lot you could do. No degree required for that.
Sit in someone's house, feed their dog, take him out. And the funny thing is, man, I'll say this.
Once you start doing something, you don't know where it's going to lead. I will be so shocked how many times it's like, okay, you're a barista, you become a good barista.
Then somebody who runs a company of some sort, they show up, they see a good worker when they know, when they see one, they're like, what are you making here? Are you making $18 an hour plus tips? I'll pay you $80,000 a year to come work right next door. You know, why don't you come in tomorrow? We'll just talk about it, see if it's something you would like just because they see your your work ethic or I'll pay you.
It's just, it's amazing. Sometimes when, when somebody who runs a business starts to see good work ethic, they will latch onto it immediately.
Absolutely. But also the things you don't know, it's like you start with a small thing.
And the next thing you know, it's like, like my brother was a tree cutter, right? He started just cutting down trees. And after a couple of months, he was like, oh wait, I could be the foreman.
I understand how i understand how this works and i i i can do the foreman's job right i need to learn more

but once i learn more i'd be happy to hire some other tree guys and put up my own advertising like

the barrier to entry to things it's not as hard as you think a lot of times it's just you don't

know it until you start yeah one of the first full-time editors that i hired dude was making

And the math worked out to almost like six bucks an hour working for a youtuber but his editing was great and with the different incentives and everything i uh give just based on skill he was making six bucks an hour to now a hundred thousand a year yeah so like if you can prove it right and i have a friend who's um been doing some personal assistant thing for another friend and i was like bro you should start learning social media edits learn how to do them 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 you know there's cap there's all these different things all these different things. And next thing you know, you can show him three examples the next day.
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, 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 or video editor.
Yes. Now you're going to computer that works to do it and you're gonna have to have at least your your cell phone to be able to do that but i think that that's realistic trying to think of what else oh carpet cleaning is something that people don't want to do a lot of times yeah so i mean that's my small business or that's what the small business my dad owns is is just you know a little power washing window cleaning carpet cleaning wow and that's what took him from you know, being a cashier at a gas station when we were poor when I was born to now they're doing really well because you can grow that, you can scale that.
They opened a second branch, they're doing well. There's a lot of opportunities there.
And then in the video editing world, 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. Trying to think of some other ones work from home that aren't as blue collar i know there's data entry is one i see a lot of advertising for data entry is that a valid one it could i honestly i have no idea it could be yeah yeah look that up is data entry a valid uh gateway job or something?

I mean, honestly, just any way to get into a building, a business, and just getting to know management there and working with them and just asking what do they need and being

able to fulfill those tasks, you'll move up.

Yeah.

According to current data, an entry-level data entry position typically pays around

$15 to $20 per hour in the U.S. with an average annual salary ranging from $30,000 to $ 000 to 40 000 and are you going to do that your whole life no but sometimes just getting into the companies you may need to do it for a couple months to get out of to get out of a situation you know um maybe you could do it while your kid's at school you know 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.
No, of course. But in the conversations, what I see are people looking down on jobs like that.
They're not willing to, even though they're not paying their bill. Yeah, right.
It's like at that point, everyone's just looking down upon them. I mean, the car company is that's about to repo them.
The bank is looking down on them. They can work that job.
They can work the McDonald's,'s whatever it is just to make ends meet have you ever had somebody come in with a business idea that was just repulsive and you saw them going down a road and you're like that old guy i was telling you about he did pump like about a million bucks into this whole thing really this entire life savings everything he's worked for into his 60s, 70s, wherever he was. 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.
And he had the storefront that 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 by Solex is an elegant yet simple way to use frequency technology

based on Tesla, Einstein, and other prominent scientists' discoveries.

It uses delicate biofrequencies and electromagnetic signals to communicate with the body.

Was it something like that or no? It had nutrients involved, you said? Well, no. He used the results to try to sell people to get nutrients.
Oh, I see. And that was the pyramid scheme he was a part of.
Got it. So first, there's going to be a place where people are going to get this scan done.
And then based on the outcomes of the scan, you're going to be able to sell them nutrients to get them equal exactly get them whole wow man it's it's crazy the level of people we had a glitter mining thing by us growing up people sold these glitter like you could buy shares of glitter mines or whatever 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 would be basically sold somebody right into a pyramid like i got into and it was the on the chart it was a pyramid yeah and it was like well i remember asking somebody like is this a pyramid scheme and they're like i don't know 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 a, that is like a literal.
Okay. Yeah.
And dude, the crazy part was, I remember asking my friend's dad about it and he had bought into it too. So everybody got took by us.
We see people get into the makeup one a lot. The makeup pyramid scheme.
Yeah, this is where you buy makeup from someone else and you sell that to other people and you try to recruit people to sell makeup. Well, there's like Donna – what's that Donna – what's that K? Mary Kay? Mary Kay.
We get lots of Mary Ks. You do? Yes, absolutely.
I'll tell you a story. I was at – in West Virginia.
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. I mean, they must have had 40 different Cadillacs that they pulled up.
They figured out the game. Multi-level marketing, right? So it's kind of, yeah.
I mean. Again, people don't want to do the low and slow.
They want to get rich now rich now right they're not willing to just invest and hopefully hit that 59 and a half that's when you can withdraw from your retirement tax advantage retirement accounts without a penalty is that one of the things you see with um the younger generation is just because at tiktok there's so many more schemes out there yeah people wanting the easy way out 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.

Yeah.

What were some – I know there were some – I'm trying to think of some different inventions or schemes.

There was one called Dyna – Dyna – D-Y-N-A.

It was a bike wheel. This thing was crazy.
Dyna, D-Y-N-A. It was a bike wheel.

This thing was crazy.

Dyna bike wheel.

This was it.

Pull up this Dyna Sphere.

Dyna Sphere vehicle.

Zoom in.

The Dyna Sphere is a monowheel vehicle designed,

patented in 1930 by John Archibald Purves

from Somerset, UK.

Purves' idea for the vehicle was inspired by a sketch

Thank you. Mono wheel vehicle designed, patented in 1930 by John Archibald Purves from Somerset, UK.
Purves' idea for the vehicle was inspired by a sketch made by Leonardo da Vinci. Look at this thing.
Two prototypes were initially built, a smaller electric model and one with a gasoline motor. 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.
If you can, you can't see this on audio, but it's basically a guy driving a huge tire around. The singular driving seat and motor unit when powered forward would thus try to climb up the spherical rails, which would cause the lattice cage to roll forward.
So basically you're in a fair, it's like something you'd be in at a carnival. Steering of the prototype was crude, requiring the driver to lean in the direction sought to travel.
Though Pervez envisioned future models equipped with gears that would shift the inner housing without leaning, thus tipping the Dynasphere in the direction of travel. A novelty model was later constructed by Fervé that could seat eight passengers,

the Dinosphere 8,

made specifically for beach use.

I want to see that.

How do you fit eight people in that?

It looks like a beach toy.

It's basically like a hamster wheel.

If you guys could imagine a hamster wheel

that someone drove.

Oh, there you go.

There's that eight-seater.

Oh, that's kind of cool.

You get to sit in a circle and it just cruises.

That's romantic. Yeah.
Okay, go back. I just want to see what happened to it.
It was also impossible to steer or brake. Another aspect of the vehicle that received while the, while the vehicle could move along just fine, it was also impossible to steer brake.
Another aspect of the vehicle that received criticism was the phenomenon of gerbling, the tendency when accelerating or braking the vehicle for the independent housing, holding the driver within the monowheel to spin within the moving structure. Imagine you slam on the brakes, right? The vehicle stops, but you just keep spinning in the middle.
We need Elon to get on this, bring it back. Yeah, that's something we need back.
What else did that? I'm trying to think of'm trying to think of a oh the banana slicer can you see if you find that one this was something that somebody invented 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 your banana had to be one size right so if your banana was obtuse or if it was like 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. Um, but that's crazy to think about, right? Yeah.
That somebody invented that. That was kind of a crazy one.
I'm trying to think of anything else I remember hearing about. Um, oh, there's always that baby cage.
That that was people would put that baby outside of the window remember that that baby cage out window yeah hung it from window yeah there you go right there get that little baby at that cage baby the bizarre history of the baby cage pull uh click on that get me a link to that So it's a little outs. It's a little outsides.
It's a little outsides. It's a little outsides.
It's a little outsides. Yeah.
Okay. 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. By Emmett Holt.
Emmett carefully describes how babies need to be aired out. Fresh air is required to renew and purify the blood.
And this is just as necessary for health and growth as proper food. And what were those cages? How big was that baby cage, daddy? Oh, that baby's enjoying it, 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 this is the first cold plunge yeah that's all this is yeah yeah that's the first cold plunge right there that's that's Wim Hof, I think. That's one of the earliest pictures of Wim Hof right there.
That's Joe Rogan right there when he's a baby. Tell me a little bit about your own budgeting at Simpler Budget so I can make sure that people know about that young people who are confused or they don't want to end up in a bad financial realm.
Tell me about Simpler Budget. The first part of just like fixing finances is the budget because you got to know what's going in and out.
And a lot of people overcomplicate it. They get a spreadsheet that they can't manage or they download an app like you need a budget, which is another really good 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.
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 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. So just that simple stuff.
And what a lot of people struggle with, even if they create a simple budget on a spreadsheet, they don't come back to it the next month. So they make the budget, but then they don't actively budget because budgeting is not just making a budget.
You got to stick to it. You got to follow it.
So this helps you by setting alerts and whatever you need and continued education and the premium version. We have these classes with financial professionals that you can join live and ask them questions, and they help mentor you.
Now, are these classes more valuable than the original classes? So these are real classes. These are valuable classes.
Yeah, well, these are financial professionals, certified financial planners and whatnot, and people with budgeting experience. Again, the thing we talked about at the beginning, that was just teaching how to day trade.
So that's neat. That's right.
So day trading in its own right is risky. This is teaching people how to save and budget and plan.
Budget, budget, proven things that like the most – every licensed financial professional would talk about. So keeping people on track.
People just need those extra motivations. A lot of people watch our show that are on track to budget and pay off debt, but they keep coming back because it helps them stay motivated throughout the week for sure it's just like it's almost like going to recovery meetings or a a meeting so you go to the meetings just to keep the word in your head right you want to stay motivated yeah i love the idea that you have this world that's entertaining but then the back end of the entertainment is let's keep people budgeted and on track it's like it's exactly really what a lot of young generation needs because things have everything has entertainment value now it's like you know you're at a funeral and there's people you know like they're selling albums and shit or whatever like they're you know um 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 um 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 oh yeah you come with these guys i'm going to name some of these guys financier types in the world and um can you will you be willing to just give me your take if i know them you know them okay grant them.
Okay, Grant Cardone is one. Yeah, Grant Cardone.
One thing, one message that I kind of know about him is 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.
you know, like hopefully I'm not putting words into his mouth because I don't follow a lot of his stuff, but I know it's a little too risky for my taste. It's a little too risky, a little too flexing of wealth, him with his private jet there.
That's, you know, that's, I get the aspirational part. That's great.
You know, maybe you'll get there someday, but let's just be realistic for the average American, low and slow invest, try to get to retirement. Yeah.
I think a flexing of wealth is so bizarre to me because I would never want, I would never, if I looked at something, somebody else said, I would feel bad if I don't have it. I feel like, or part of me would, part of me would feel inferior or something.
Maybe not like up here, but somewhere in my head, I'd be like, oh, I'm not good enough for something. I don't understand sometimes why people do that sort of thing but i also understand that's just my school of thought and that some people like this aspirational style like you know i'm saying let's see the flash and that motivates some people so i think there's a motivational tactic in it um alex hormazi you know him oh yeah i think he's really good in like the motivational part you know i don't know a lot about his own financial advice, but in terms of, you know, really being motivated for your entrepreneurial mindset, that's been really good.
And honestly, I've watched a couple of videos when I was dealing with a couple, you know, issues while we were scaling our business and just like, you know, what does this guy do? He built like a multi-million, hundred million dollar business. 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. Ty Lopez.
He's the famous guy that would read a book a day. That shit always was crazy to me.
I think this is the guy that kind of put a bad taste in everyone's mouth about buying courses online, which kind sucks yeah because i think you can we've put a lot of time and value and resources in producing educational content uh that you know people could pay for that helps guide them a little more handheld 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 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 and it kind of started with this dude selling a course on a million different things uh 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 I'm saying? Like, I don't know if I want to fucking talk to a guy who just read that in one day. But again, it was also the Grant Cardone like wealth flexing thing.
All his videos were like, you know, behind a Lamborghini in a garage. And that's not where the average person is going to be.
And that's OK. It's OK to be poor.
It's fun. Well, it's OK to be settled with just a good content retirement.
Not everyone needs to risk everything to go crazy and go into a lot of debt on a big risk not that that's what he advocates for but yeah and having a job is just one of the most important things i remember my buddy's dad would always just say do you have a job it's the first thing he'd 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. You need to have something you are doing and not because you need to be part of capitalists, but because you need to go and do something, right? You have to have a job.
It can be, you know, you're making something at home that you're aiming towards selling or doing, but you want to have some motivation. A job is just a form of motivation.
It's just an active motivation. Well, there's some purpose.
People find purpose in jobs. Some people are purposeless after retirement oh people do you know fire do you know fire do i know fire fire uh fire the independence movement where you stack up as much money as possible invest it all like crazy so you can retire at like 45 a lot of people did that 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.

They have a family maybe, but they don't have the purpose.

Oh, I know.

I have some women friends that have like spent – that really got focused on and now they want families and stuff.

And so now that's a little bit tough for some of them.

Oh, sure.

I think fire affects women probably differently because they can have children maybe too if they focus so much. But but even guys like i mean i focus on work mostly my biggest relationship is my work you know it's like i don't have a relationship right now i'm not lamenting about it i would like to get married or something but when i'm like who's my spouse it's my work you know i put a wedding ring on my job you know i like i like working the second i think about doing something i think about working you know um what about um gary varnichuk he's kind of a wild one huh 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 okay sell your silverware sell your house how much is your health worth three thousand to get out of debt or sell the silverware sixty five 65 and then he'll pull up a guy will be standing in a park right because he has nowhere to live now he's eating soup with his hand because he has no more utensils and gary will be like how much money you got the guy's like i got four thousand dollars cash he's like you fucking did it buddy and he'll hug him and then drive off in a limousine right all right but it's like that's the thing it's like you just don't want any loose cash sitting around you know 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 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 do you know the purpose though i'm so curious because i I not know this guy it's a motivation i feel like right and this is just my opinion also but it's just it's it's always there's always something they want to motivate you to do you know yeah um in varnertruck his family owned a wine company growing up no shade but it's like dude if my family had a wine company growing up you know i remember my mom beat me one time with

a bag of fucking frozen oranges i remember that shit did he sell his winery it's a little different

than that but i'm just saying uh i'm not sure but i'm just saying you know what i'm saying the

merlot don't fall far from the grape you know what i'm saying brother um what else we're going

to talk about ty dollar sign he's not is he an investor no he's just a what does he do

Thank you. what else are we going to talk about Ty Dolla Sign is he an investor? no he's just a what does he do? financial advisor? no there isn't much information about Ty Dolla Sign's investments okay so I don't know how you ended up on our list then what else? anything else on our sheet we we wanted to go over? Was there anything else that you wanted to talk about specifically, Caleb? Oh, man.
I just want people to realize that they're in a better place than they think they are. You know, that's kind of one thing we didn't really talk about.
Okay. Is that, you know, I don't want to like, just like glug on America.
I agree. I don't want to be negative only.
Yeah. Yeah.
There's a lot more opportunity opportunity that people aren't willing to accept we're in a very doom and gloom right now where everyone again we talked about the victim thing earlier and everyone's like it's impossible to get ahead it's a why do anything because everything's so hard right now and obviously inflation was brutal especially when it was nearing that like nine percent but like we just had yesterday yesterday we filmed this, 256,000 jobs added in the last month when they expected 155,000. Like unemployment rate at 4.1%.
Here we have a GDP 19 or $25 trillion, where in the UK, Germany, Japan, we're looking at $3 to $5 trillion. GDP per capita here is $70,000 to $80,000.
UK, $47,000. There's a lot of opportunity here.
I don't want people to just really always beat themselves down. And I know my shows, it is on the negative side because their finances are really bad.
But I want people to know they do have more opportunity out there if they're willing to take a little bit of risk. Yeah.
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 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 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 I was in high school or in college, you didn't, that wasn't a thing.

It was like, you didn't, I mean, social media was coming up,

but it wasn't like that.

It wasn't like, you didn't have,

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

or 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, 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 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 type of vibe you know yeah i like that mentality there's a lot of shame in certain jobs right now and yeah and we put it on 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 yeah i delivered jimmy john's for like six years oh really yeah it was great i've talked i've had jimmy john on this podcast yeah as a business entrepreneur big dude yeah great dude man very big i saw him three weeks ago yeah so it's just like you just never know where you're gonna be you know like i mean you just don't you know jimmy john's my favorite sandwich you almost got hit running across a fucking highway to get a couple months what are you a number nine guy i'm a number nine guy me i go turkey tom extra turkey light mayonnaise don't look me in the fucking eyes i'll come in there and get it okay i love it yeah nice and i'll honk my horn before i'm gonna come in i'll even call them and tell them that they're like this is getting a little weird i'm like just i want everybody looking the other way leave on the counter.
It is a very kind of like, it's the closest I get to like robbing a bank or whatever. Um, what was the last thing I was going to ask you? Uh, 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? You're going to have to explain that one to me.
I'm talking about somebody who's got $10 left and they put it they put it on oh shit and they put it on eight football games to all hit for a weekend okay because this is happening basically in every pi kappa house in america yeah dude betting is getting kind of out of control it's getting crazy i mean you have people laying in their bed at night fucking you know you know just hopped up on zins praying for saquon barkley it's getting bizarre these betting companies want to sponsor us like every day we have to tell them to fuck off so much it's crazy it's like any kind of drug any kind of drinking any kind of whatever you know betting can be fun it can be good if it gets addictive that's where it's bad ten dollars if you have ten dollars to your name that's all you have left i mean this is people probably shit on me for saying this, but it's probably not going to make the biggest difference. We're just being real world about it.
No, for sure. But behavior, there is the behavior conversation.
Right. If you are going to throw it towards the bet, that is demonstrating maybe why you got there in the first place.
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.
Yeah. But it's a good behavior fix.
What is a good investment? You just said you keep things pretty safe for the most part, huh? Yeah. I mean, I'm, I'm mixture real estate and like just S and P 500.
And when you say real estate, what do you mean? Like what type of stuff would you get into? I got my personal residence, but then up in Michigan where I'm from in Kalamazoooo i have some rental properties there that were like essentially almost like burned down pieces of shit that like no one would live in 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 so there's you know it kind of makes it matches with my morals a little bit instead of just buying up desperately needed housing but also it's uh making money which is good yeah and over time it definitely, it definitely, I mean, time goes fast too. People don't realize it, you know? Time goes fast.
Yeah. People bag on Gen Z a lot.
You know, I think there's always that thing where it's like we're bagging on the next generation. But I was looking at a statistic the other day where Gen Zers, like the average job, they keep it for two, like two and a half half years and it's only six months less than millennials kept their job sure you know so it's not like gen z can't work or that they're not working you know sometimes that's a lot of the energy that's out there well you know the crazy thing can you look up what gen z thinks they need to live have you seen this this shit's crazy and i'm kind of gen z i'm like in that middle so i can shiktaw both sides well that wasn't the next that wasn't the report that came out but google ai is telling us something there we go see uh yahoo right there they think they need five hundred thousand dollars a year to be successful okay go to that minimum generation z thinks it needs half a million dollars a year to succeed.
Wow. That part's crazy.
Half a million dollars. They pay $4,000.
Let me see. Armand Darjera Howard and her fiance together earn more than $200,000.
A 28-year-old knows that's more money than the vast majority of Americans make. Yet the Los Angeles couple still live about half an hour's drive from their pricier neighborhoods where most of their friends live they pay four thousand dollars a month a month in rent on top of her four hundred fifty dollar student payment their four hundred dollar car payment and the two hundred dollars she sends home to her family in indonesia so they're saying that they need uh 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.

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

Very comfortable.

It would be very comfortable.

Yeah, it would be very comfortable.

And that's also there, man.

That's Los Angeles.

Yeah, that's fair.

But the median household income in the United States is like $60,000, you know? Right. $60,000, $75,000, something like that.
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.
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 this like i did like movies and parties and all the shit but i always found it to be like it shuts down early like at all the bars close early everything it's it's all for look right everything there was more like let's make it look this way right interesting um one thing i think that tells me specifically though zillennial like i'm a, you know, in between that era. I didn't have a job during the Great Recession.
I didn't need to. I was a kid.
What that tells me, thinking they need $500,000 a year, is that there's about to be a big awakening when my generation and the people around me go through our actual first recession. and you realize that, okay, maybe living isn't about being able to get five cups of coffee a day.

That isn't the requirement for life. I want you to do it.
Yes. But for them, that is full comfort where, you know, throughout most of human civilization, we're just trying to survive.
Yeah. And we are very comfortable right now.
Yeah. It's a comfortable world, man.
I mean, America is a comfortable place, you know, I know it's on, it feels uncomfortable a lot of times, certainly in comparison to other people's lives. But yeah, it's a comfortable world man i mean america is a comfortable place you know i know it's on it feels uncomfortable a lot of times certainly in comparison to other people's lives but yeah it's like most of us have food you know we have clothing you know we have a place to sleep and that like internet in the world that is opulence uh like a demonstration of this i was dating someone from venezuela for a little bit oh wow okay i know exotic and she And one thing she was telling me about our culture, I was asking what's different about this culture versus the different cultures she lived in all over the world when she was escaping Venezuela.
And she says, you know things are good in America because of how much we focus on the minor little social issue for everything. When you have the luxury to focus on um trans stuff not just that like okay so zuckerberg right yesterday he announced that tampons are leaving men's bathroom or whatever like i i don't care either way whatever but the fact that that is able to be such a major thing that we're freaking out about when you have that in a culture that's how you know everything else is pretty damn okay because we're allowed to focus our energy on that and not just making sure that half the country isn't starving yeah or sometimes that the media is tricking us too by saying like this is what we should be talking about you know yeah but click yeah but i agree the fact that people are able to that people are bringing that kind of stuff up i'm trying to think of anything else that i wanted to talk about um any other uh 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.
What's another one that we have that said we could play? Yeah, I just encourage you guys to go. If you like, you know, you get a financial take.
It's very much, it's just, it's a perfect microcosm that you're in. And it can be a macrocosm too.
I'm not trying to little it by saying that I'm not the best with words, but I think it's just, it's a perfect microcosm that you're in. And it can be a macrocosm too.
I'm not trying to little it by saying that. I'm not the best with words, but I think it's just a perfect, like, like nucleus that you're in of like entertainment and finances.
What's this one right here? Oh yeah, play this one, dude. We built $75,000 of student loan debt.
Say the degree one more time. All right.
Study Shakespeare. Okay.
Shakespeare. Lovely guy.
What are you going to do with that? Well, that's such a complicated question. Oh, no.
I was really hoping for a more. You knew what you were going to do with this much school and student loans.
This is where I just have to say we come from different worlds. You're not going to understand this.
What do you mean? You won't understand the precarity and why it's really all right. What do you mean, though? Your reaction there was like, oh, I...
No, I studied music composition in college. I was in the College of Arts School of Music.
Okay. But I asked the job, and you didn't know what to say.
So I have a lot of experience working at writing centers. Okay.
So I could be... What are you going to do with that? Yeah.
You know what that is? That is an other major thing that is happening a lot throughout. It's the continuous college because they're, they don't want to leave college.
So they go for the master's degree, the doctorate degree, and that's more and more. We're seeing so many more people doing the endless college, get the other degree, because once you leave college, it's a scary world.
You're on your own. It's very scary.
I 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, now, unless you're going to go to a Renaissance fair and get winked at by the king or something, I feel like's going to be an uphill climb dude you know she wants to be a teacher that's what they do you go to school to teach other people to go to school stay in this world yeah there is a there is always a person who stays in school yeah and people sometimes it gets blamed i'm like oh look at this dude he can't get his diploma this girl is an alcoholic and she you know goes to um you know uh 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 yeah absolutely yeah um cool caleb hammer i appreciate it so much man thank you so much for just being willing to come and chat with me um i'm excited to see what you guys do. And yeah, I just think it's really, I think it's really neat to have just

kind of this corner of entertainment and finances and kind of just basic needs really, you know?

Yeah.

We all need a basic needs voice. You know, we need that kind of like Jiminy Cricket that shows up on

your shoulder.

Yeah. A little wake up call.

Yeah.

Yeah.

For sure. And you're an alarm clock, man.
So thank you so much, Caleb Hammer. Best of luck, brother.
Thanks, man. I appreciate it.
Now I'm just floating on the breeze And I feel I'm falling like these leaves I must be cornerstone Oh, but when I reach that ground I'll share this peace of mind

I found I can feel it

In my bones

But it's gonna take