I Finally Snapped | Financial Audit

*AGHHHHH SHE NEVER PAYS HER TAXES!!!*In the post show, we learn she refuses to pay taxes. She wants every benefit, but won't contribute anything... this is so infuriating. Watch here: https://hamr.link/ytjoin *OR* download the brand new Hammer Elite App ➡️ https://hammerelite.com 30% off *LIMITED TIME ONLY* as a launch bonus 💰 Download Dollarwise - Big Deals, New Features, Free Trial: https://go.dollarwise.com/join ============================= 👉 Checking & Savings: get a $200 bonus and earn 3.75% APY on your Savings with Chime®: https://secure.moneymatchup.com/chime-caleb-website 🔥 GamerSupps: tasty, cheap ($0.40/serving)! Save 10% with code CALEB: https://gamersupps.gg/caleb 🔥 Get Your Own *Hammer Financial Score* → https://hamr.link/FAquiz ============================= *Sponsors for This Video* ============================= You’re 30 seconds away from being debt free with PDS Debt. Get your free assessment and find the best option for you at https://PDSDebt.com/hammer If you or someone you know experienced serious mental health struggles as a result of social media use, you may be entitled to a potential recovery of over $1,000. Visit https://morganmorganpa.sjv.io/c/7273707/3841482/23429?sharedid=caleb-hammer to submit a claim now. Get the free business guide, Demystifying AI, at https://netsuite.com/HAMMER. Please make sure that the link is clickable and working. ============================= *Education* ============================= 👉 Get access to EVERYTHING I offer all in one place: https://bit.ly/4sUm2pb ⚡️Learn how to budget: https://bit.ly/4sspyGh ⚡️Learn how to invest: https://bit.ly/41mr8OP ⚡️Pay off your debt: https://bit.ly/41mr8OP ============================= *Check Out My Resources* ============================= 👉 See if refinancing your high-interest debt saves money. Checking is free. → https://hamr.link/ytmoneylion2 👉 Land a high-paying job with no experience or degree: ➡️ https://coursecareers.com/CalebHammer 👉 Get FREE MONEY by investing with Public! https://secure.moneymatchup.com/public-caleb 👉 Find the best credit cards for you with my quiz! https://cards.calebhammer.com/yt 👉 Get $20 from Acorns for free: ➡️ https://acorns.com/caleb 👉 Helium Mobile: Use promo code CALEB for a FREE plan ➡️ https://hellohelium.com/ 👉 Protect your online privacy and security for free with Aura: ➡️ https://aura.com/hammer ============================= *Chapters* ============================= 00:00 Intro 02:10 tf is a "chosen family" 10:32 they just want free amenities LMFAAO 15:45 Job & Concentration Camps (?) 20:45 socialism goes brrr!!! 29:05 BANK BANK FIX FIX 36:35 theyre not acknowledging anything LOOOL 42:45 they cant even define fascism... 50:30 theyre upset on others behalf!! 01:01:40 Income lol 01:07:40 shoutout hasan and asmon 01:13:50 holy entitled 01:24:05 "MY CHOICE MY CHOICE MY CHOICE" 01:36:45 Budget!! ============================= Want more content? ============================= 🍿 Caleb Hammer Clips: https://www.youtube.com/@calebhammerclips 🍿 Front Page Documentaries: https://www.youtube.com/@frontpagechannel ============================= *Connect with me!* ============================= TikTok: https://www.tiktok.com/@calebhammercomposer X: https://x.com/sircalebhammer IG: https://www.instagram.com/calebhammercomposer/ Facebook: https://www.facebook.com/calebhammercomposer/ ============================= *Want to be a guest on Financial Audit?* ============================= 👉 We film weekdays in our studio in Austin, Texas (in person only)! To apply, visit: https://calebhammer.com/apply *Some of the links and other products that appear in this video are from companies for which Caleb Hammer will earn an affiliate commission or referral bonus. This is not investment advice. Sponsorship and business inquiries: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Speaker names marked ? are inferred from speaking time and the show’s known hosts — they are not voice-verified.

• 0:01Speaker 00

  This episode is brought to you by Google Chrome. You think you know a browser, but Gemini and Chrome? That's new. It can help you with practically anything on the web, like restoring a vintage motorcycle from a 50-page restoration block, or finally break down that long article you've had open for weeks. Gemini and Chrome is here for it. Ready to make anything online make sense? There's no place like Chrome. Check responses set up required. Compatibility and availability varies 18 plus.

• 0:26Speaker 01

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• 0:55Caleb Hammer?

  To watch episodes of Financial Audit a week earlier, check us out on YouTube.

• 0:59Speaker 03

  I do not speak with my parents.

• 1:01Caleb Hammer?

  You chose. They did not choose.

• 1:03Speaker 03

  Um, they chose extremism over their child.

• 1:06Caleb Hammer?

  Okay, says the blue hair. Got it.

• 1:08Speaker 03

  The housing has just gone up.

• 1:09Caleb Hammer?

  Wow, what a nuanced take.

• 1:12Speaker 03

  I've called before I-

• 1:13Caleb Hammer?

  You've called? You've called people?

• 1:16Speaker 03

  Well, I've called a bank.

• 1:17Caleb Hammer?

  Oh, that's great. Oh, she called the bank?

• 1:18Speaker 03

  And I tried to like find out if I'm interested in buying a house.

• 1:22Caleb Hammer?

  The cost of housing goes down, bank!

• 1:23Speaker 03

  I want to see people's lives improve. And the government has a role to play in because they like a pedophile.

• 1:28Caleb Hammer?

  People disagree with you slightly and they're a fascist.

• 1:30Speaker 03

  I've seen families like torn apart.

• 1:33Caleb Hammer?

  Oh, don't performative cry. No one gives a [BLEEP] empathize with your fake crying.

• 1:37Speaker 03

  Having your needs met so that you can dream?

• 1:41Caleb Hammer?

  I'm sorry, not everywhere is going to thrive.

• 1:43Speaker 03

  No, everywhere should thrive.

• 1:45Caleb Hammer?

  That's not possible. Are you sure they're the extremist? That seems like a more extremist position. You're one of those people I'm already reading. If they disagree with 1% of things, they're a fascist. No, answer the [BLEEP] question, or I am ending this podcast. Answer the [BLEEP] question. DollarWise is finally here, sending waves through the personal finance world. This is officially now the best budgeting app on the market. And I'm giving you a special deal to download. Get a free trial to test it out. And then you get the monthly plan at a 33% discount for the first three months, or the annual plan at an insane discount. And most people sign up for the annual version because this saves a lot of money and you get my detailed 30-day meal plan, signed by me, mailed directly to you, plus the digital version of my cookbook for each recipe. Don't miss the opportunity of a lifetime. Download DollarWise and start your free trial.

• 2:29Caleb Hammer?

  Go to dollarwise.com or click the link below.

• 2:33Speaker 03

  I'm Doomsday. I'm 25. I'm from South Dakota. And this is Financial Audit.

• 2:45Caleb Hammer?

  Okay.

• 2:48Speaker 03

  You've never seen Disney Channel?

• 2:49Caleb Hammer?

  That was Disney.

• 2:50Speaker 03

  Well, I don't know if the Mickey Mouse will be thrilled to be referenced.

• 2:55Caleb Hammer?

  Doomsday is a weird fake name, but we gave you a weird fake name because you chose for yourself in your real life, a weird fake name.

• 3:00Speaker 03

  Chosen for me, but...

• 3:02Caleb Hammer?

  Your parents named you that?

• 3:04Speaker 03

  My chosen family did.

• 3:08Speaker 03

  It's cool.

• 3:09Caleb Hammer?

  Who'd you choose to be a family?

• 3:10Speaker 03

  Well, in the queer community, yeah. You don't always get to maintain your most close relatives, your blood relatives. So you like...

• 3:19Caleb Hammer?

  Well, did they dismiss you?

• 3:20Speaker 03

  No. No.

• 3:22Caleb Hammer?

  Well, it sounds like you maintain them.

• 3:23Speaker 03

  I do not speak with my parents.

• 3:26Caleb Hammer?

  You chose. They did not choose.

• 3:29Speaker 03

  Their decisions have made our relationship what it is today.

• 3:33Caleb Hammer?

  What did they choose?

• 3:35Speaker 03

  Um, they chose extremism over their child.

• 3:40Caleb Hammer?

  Okay, says the blue hair. Got it. Okay. Which usually qualifies towards more extreme people usually. What's their extremism?

• 3:48Speaker 03

  Their extremes are just not very minority inclusive, despite what they might say, their actions say otherwise.

• 3:55Caleb Hammer?

  What's their actions that are so extreme? They kill minorities?

• 3:59Speaker 03

  They're not helping them.

• 4:01Caleb Hammer?

  Well, not helping is extreme? Well, what's helping?

• 4:05Speaker 03

  We've had extended conversations about what politics looks like in the world and when would they discuss it. The things that they say or choose not to say are pretty detrimental, yeah.

• 4:21Caleb Hammer?

  That doesn't sound like extremism. You know what the word extremism means?

• 4:26Speaker 03

  Yeah.

• 4:26Caleb Hammer?

  What do they do that's extreme?

• 4:29Speaker 03

  There was once upon a time when Kamala came out with

• 4:33Caleb Hammer?

  Kamala, thank you. You're gonna get cancelled for that.

• 4:35Speaker 03

  Um, she was talking about how um, our current president wanted to have generals more like dictators of old.

• 4:46Caleb Hammer?

  Okay.

• 4:47Speaker 03

  And I asked my parents what they felt about that and they said they needed the context. And I said, under what context is it okay to like want Hitler's generals?

• 4:56Caleb Hammer?

  They wanted to understand if he was doing his classic rifting. Or if he was being an actual dictator, which would be bad, but we know if you follow politics, which I assume you do. He is a rifting guy and you take like, but grain of salt with pretty much everything, including saying peace is close in Iran. Which I think you would agree with.

• 5:19Speaker 03

  And also like threatening to nuke them, an entire population.

• 5:23Caleb Hammer?

  Exactly, which wouldn't be great.

• 5:25Speaker 03

  That's a pretty extreme.

• 5:25Caleb Hammer?

  But I think it's

• 5:26Speaker 03

  That's pretty extreme action.

• 5:28Caleb Hammer?

  Which we haven't done. So I would say an extreme action was not done.

• 5:31Speaker 03

  We did bomb the bridge. Yeah.

• 5:34Caleb Hammer?

  A bridge? Yeah, that never happens in war. So, okay.

• 5:40Speaker 03

  Are you pro war?

• 5:41Caleb Hammer?

  Pro war? I think, well, like your parents would say, context matters. Pro war? I mean, that depends on what's happening. Are we defending ourselves? What are we pro war overall?

• 5:51Speaker 03

  Are we in, are we defending ourselves in Iran?

• 5:54Caleb Hammer?

  Iran? Am I pro Iran war? It's obviously the consequences have not been great.

• 5:58Speaker 03

  Bridges get burned or blown up.

• 6:01Caleb Hammer?

  You were freaking out about a bridge. Like, I'm like, okay, a bridge. I'm okay.

• 6:04Speaker 03

  Well.

• 6:05Caleb Hammer?

  I would, I more care about the

• 6:06Speaker 03

  Hypotheticals and blowing up a bridge.

• 6:08Caleb Hammer?

  If you're gonna call out something bad, how about the school? I mean, I think that was a little less fortunate. A bridge? Don't really care. But your parents saying they need more context isn't an extreme position. Asking to understand what was being said, why and how is not extremism. So you cut them off?

• 6:22Speaker 03

  But there's, there's no amount of context.

• 6:24Caleb Hammer?

  Yes, there actually is. There's, there's context in everything that's ever said.

• 6:29Speaker 03

  Yeah.

• 6:29Caleb Hammer?

  Because that's always important. There's context in this conversation. There's context that I'm getting on you not being involved with your family. The reason I asked that is because I was like, oh, you have a little bit of a weird name. Um, yeah, your family. And uh, you have a weird name. So I got context of why you had a weird name. It's because your family. I was like, oh shit. Oh, that's horrible.

• 6:51Speaker 03

  My chosen family. Yeah, my chosen family gave it to me.

• 6:54Caleb Hammer?

  Okay, your friends. And the thing is, I got context around, oh shit. This lady's queer, why would they disown her? That's horrible. That's bad. They shouldn't have disowned her. Oh, wait, they didn't. She did. She did. So I got the context around that. So, okay, then I learned more from that context that you disowned them. So that's why context is important.

• 7:18Speaker 03

  Yeah.

• 7:18Caleb Hammer?

  Maybe they would need context. It sounds like they don't agree with you politically, and that's fine. That's not inherently a bad thing. But requesting context is not a form of extremism. Now.

• 7:28Speaker 03

  Would this be a good time to mention that?

• 7:30Caleb Hammer?

  It wouldn't, because I'm gonna continue speaking. Sure. If I remember that. I will try my best. Out of courtesy and respect for you as an individual, it is very difficult sometimes to just remember in the heat of a conversation, right? But I will try my best. Especially, well, okay, they/them, yes, very good. If it's the name, okay. No, no, no, I respect pronouns. It's hard to remember.

• 7:54Speaker 03

  You know, that is, that was like the breaking point for me and my parents, since you're asking about my parents.

• 7:59Caleb Hammer?

  Well, that makes more sense. You brought up the [bleep] dictator. Here's the thing. I want to finish my point. If, no, no, no, I want to finish my point. If they said, yes, I want generals that act like full-on dictators, then I would shake your hand and say, yes, that is extremist. That's bad. But they asked for more context around a quote that you chose to bring up. Because who even, I actually do not remember that quote. Maybe you are taking it out of context, maybe you're not. But them asking for a little understanding of the context around it is not an inherently extremist position. If they agreed with it on the face value of those words, that would be extremist. I don't think you know what extremist means. And it is dangerous that you use that, because there are actual extremists in this world that are doing bad things.

• 8:44Caleb Hammer?

  So they disagreed to the pronoun thing.

• 8:45Speaker 03

  If I ever had a child, they would allow said child to be in the room with the president if it was an opportunity for them.

• 8:53Caleb Hammer?

  I would meet any president. That would be really cool.

• 8:55Speaker 03

  No, I do not want to share a space with a sex offender. Thirty-four counts.

• 9:01Caleb Hammer?

  Okay.

• 9:01Speaker 03

  Especially my own child.

• 9:03Caleb Hammer?

  I would just meet the executive of the President of the United States of America, regardless of who it is. I'd love to meet Obama, Biden, Trump. Yeah, why not?

• 9:10Speaker 03

  No, I don't want to meet a sex offender. Yeah.

• 9:12Caleb Hammer?

  Okay, have you met any before knowingly?

• 9:15Speaker 03

  Not knowingly.

• 9:16Caleb Hammer?

  Okay, that's fine. You, I don't think you were invited.

• 9:22Caleb Hammer?

  Is that a choice you have been actively given?

• 9:25Speaker 03

  Again, I'm just, my, that's why.

• 9:28Caleb Hammer?

  I don't understand what that has to do. They would meet the President of the United States. That's not very controversial. I don't agree with everything Trump does. I didn't agree with everything Biden does. I would happily meet them out of the respect for the office of the President of the United States.

• 9:42Speaker 03

  So my parents just don't get to be in my life as an adult.

• 9:44Caleb Hammer?

  Because they would meet the President of the United States if they were asked to meet the President of the United States? Are you sure they're the extremists? That seems like a more extremist position. Where if someone, you're one of those people I'm already reading, if they disagree with 1% of things, they're a fascist.

• 10:01Caleb Hammer?

  You saying no would have been the proper response. You not responding is actually quite staggering. I have a feeling you're actually the extremist.

• 10:09Speaker 03

  I believe that we, there are solutions that are.

• 10:13Caleb Hammer?

  Final solutions?

• 10:14Speaker 03

  No. I believe that there are solutions that we could implement in our

• 10:24Speaker 03

  society.

• 10:25Speaker 04

  The world is a mess. The world is as angry as it gets.

• 10:29Speaker 03

  That could improve people's quality of life.

• 10:31Caleb Hammer?

  That'd be good. What's one?

• 10:33Speaker 03

  Oh my goodness. So we could certainly provide things like toothbrushes and toothpaste to people for not a charge because in like.

• 10:42Caleb Hammer?

  Well, that's nice, but I pretty much, wait, wait, wait. For, listen, there are rural communities. That gets difficult, but.

• 10:49Speaker 03

  Yeah, I've actually visited those rural communities.

• 10:52Caleb Hammer?

  Wow, you went to a farm?

• 10:53Speaker 03

  Well, I've been to lots of states. I've been traveling.

• 10:57Caleb Hammer?

  She's well-traveled, nice and privileged. That's great. So I'm, but what I was gonna say is in most communities, they're, I mean, just like. You can go, uh, toothbrushes and toothpaste is a very common thing to give at pantries and whatnot.

• 11:09Speaker 03

  Yeah, it is. But it's something that we're doing as people.

• 11:13Caleb Hammer?

  So the government's gonna fund it. That's your proposition that's gonna fix society?

• 11:16Speaker 03

  I, there's lots of things that the government could provide to its people that it's not doing.

• 11:21Caleb Hammer?

  What about something a little more substantive?

• 11:22Speaker 03

  A phone. A phone or internet service. Yep.

• 11:25Caleb Hammer?

  Phone? Oh, wait, how are they providing the internet?

• 11:28Speaker 03

  Well, they absolutely have the infrastructure to do so. They could build light rails. There's so much that our government could do.

• 11:35Caleb Hammer?

  Light rails? Have you seen, they have in fact not been able to build light rails, actually? That's kind of one of the things.

• 11:40Speaker 03

  There's one that's being built.

• 11:41Caleb Hammer?

  Not light rail, high-speed rail in California specifically, but.

• 11:44Speaker 03

  But Elon's involved in that one.

• 11:48Caleb Hammer?

  What?

• 11:48Speaker 03

  So Elon Musk was supposed to be part of that build for the light rail and then it got...

• 11:54Caleb Hammer?

  You know, it's mostly been environmental protection laws.

• 11:56Speaker 03

  That have prevented it?

• 11:57Caleb Hammer?

  Yes. Environmental protections, uh, all the different services that have had to take place have delayed building it substantially.

• 12:06Speaker 03

  There's good reason for regulation, I'm sure. Yeah.

• 12:09Caleb Hammer?

  Oh.

• 12:10Speaker 03

  Regulation is what protects our water, you know? Like, data centers are not, there's like regulations that people are trying to get around for a data center so that like they can profit.

• 12:22Caleb Hammer?

  Huh? That was just nonsense. That was just, you just took like four talking points and mashed them together. What, what were you actually trying to say there about data centers?

• 12:33Speaker 03

  That data centers are being built far too quickly and trying to skirt regulation and not asking for the community's consent.

• 12:43Caleb Hammer?

  Not asking, I think that's actually one of the big things, because communities have been showing up en masse.

• 12:47Speaker 03

  Yes, and successfully getting memorandums. Yeah.

• 12:51Caleb Hammer?

  Yeah, which will be damaging to those communities and their tax base, absolutely. As we know, in Northern Virginia, many communities where most of the data centers are in big data center collections, um, like more old-school data centers, it pays for 50% of the property taxes, meaning brand-new schools, lower property taxes for homeowners and renters. It's been very beneficial.

• 13:10Speaker 03

  But they reduce the quality of life for the people.

• 13:13Caleb Hammer?

  Well, that's... Uh, in that community, if I'm not mistaken, it's about 15% of the data centers, maybe 25% are in residential areas. The other 75% are not, which means it does not reduce the quality of life of people.

• 13:25Speaker 03

  That's the important of regulations is it's in, and also getting a community input is deciding where they go.

• 13:31Caleb Hammer?

  75% of the majority are not in community areas. So how is that impacting their quality of life? Well, they get to use their phone, the free phones. You want to use the internet? Yeah, they need data centers.

• 13:40Speaker 03

  There's a lot that our government could be doing to support our lives.

• 13:44Caleb Hammer?

  What's your concern with data centers? Cause there's a lot of misinformation going around. What's your concern?

• 13:49Speaker 03

  Uh, water quality, sound quality.

• 13:52Caleb Hammer?

  Sound, that's in the residential areas, which I don't think a lot of people want. A factory.

• 13:56Speaker 03

  I've actually been to a, like, council meeting where they were talking about how...

• 14:01Caleb Hammer?

  They happen everywhere. Good for you. Listen, I don't think people...

• 14:04Speaker 03

  They want to change the rules around how they want to measure the sound. So it's actually about the pitch that it's at, rather than the decibel. So...

• 14:11Caleb Hammer?

  Well, I'm sure both play a big quality, but the reality is, I don't think I want a car manufacturing plant behind my house. I don't think I want oil being drilled behind my house. I don't think I want a turbine. But you would like a library, a train station. I wouldn't want a library because I wouldn't want a library. I actually wouldn't want a library because here in Austin, Texas, a library, you know what happens here? Our beautiful library downtown, go to it afterwards. That's where every single homeless person hangs out, which means that's in my backyard. That's not where I want. Homeless people existing and us letting them just crash the library?

• 14:44Speaker 03

  What are we doing to improve their lives? What, what social programs are we providing other than libraries?

• 14:51Caleb Hammer?

  A lot of property taxes and millions of dollars, thanks to Austin, Texas and the Ark downtown, which they can go to, but they can't do drugs inside of it. So many don't go to that. Uh, we're also buying a motel here in Austin, Texas to house them and do housing first policies. And that's why my property taxes are so high.

• 15:06Speaker 03

  This is my first time in Austin, Texas.

• 15:07Caleb Hammer?

  And that's what they're doing in a lot of communities. Like the tens of millions or actually billions, I apologize. In California, uh, where they, the city of Los Angeles couldn't even pass an audit on their homelessness spending of 1.6 billion dollars, but they didn't even know where that's going. I would say actually a lot of things are going to them to help them. Has it worked? No. But you know, it has worked. Houston, Texas.

• 15:25Speaker 03

  It's funny that you mention that because I was just in Kansas where they have like a ton of mutual aid. I've been following mutual aid. How is the community?

• 15:33Caleb Hammer?

  Historically blue Kansas. Yeah. So this isn't a political debate regardless, but also, I mean, most recently, there was a nice little shooting at the library. So that's why I don't want to have it down in my backyard personally. But the point I was trying to make, I don't want to have a car manufacturing or a lot of the different infrastructure type things in my own personal backyard. But guess what? I still want us to have car manufacturing. I still want us to have data centers.

• 15:54Speaker 03

  You would hope that they're accessible to you.

• 15:55Caleb Hammer?

  But they don't necessarily need to be in my backyard. So that's why a lot of data centers are trying to build in the middle of nowhere. But then people freak out in the middle of a desert. That would impact no one. Like you likely would.

• 16:07Speaker 03

  They have to build a lot of infrastructure and they're not

• 16:11Caleb Hammer?

  Which is usually

• 16:12Speaker 03

  Considering where the resources are.

• 16:15Caleb Hammer?

  They're building their own power.

• 16:16Speaker 03

  Correct. They're building their own grids.

• 16:18Caleb Hammer?

  Yes. What's your issue with that?

• 16:20Speaker 03

  I've been studying AI for

• 16:23Caleb Hammer?

  Then why can't you speak on it?

• 16:25Speaker 03

  Well, but what I've been studying is what it's capable of. It's like, right now, it's this

• 16:30Caleb Hammer?

  Okay, this isn't a political debate. I don't care about your AI. Are you afraid it's gonna take your job?

• 16:33Speaker 05

  Daryl, add Carrera subway tile to my shopping list. I ain't doing it.

• 16:38Caleb Hammer?

  What do you

• 16:40Speaker 00

  This episode is brought to you by Google Chrome. You think you know a browser, but Gemini and Chrome, that's new. It can help you with practically anything on the web, like restoring a vintage motorcycle from a 50-page restoration block, or finally break down that long article you've had open for weeks. Gemini and Chrome is here for it. Ready to make anything online make sense? There's no place like Chrome. Check responses setup required. Compatibility and availability varies. 18 plus.

• 17:05Caleb Hammer?

  Do for a job? Do you have a job? Because it really doesn't sound like

• 17:07Speaker 03

  I work in finance.

• 17:10Caleb Hammer?

  Doing what?

• 17:12Speaker 03

  I do corporate finance for stadiums and arenas.

• 17:15Caleb Hammer?

  Like Ticketmaster?

• 17:16Speaker 03

  Not Ticketmaster, but we do work with Ticketmaster.

• 17:20Caleb Hammer?

  Yeah, okay. So you're one of the actual evil capitalists.

• 17:23Speaker 03

  By day a villain, by night a hero.

• 17:28Caleb Hammer?

  Trying to prevent modern infrastructure? That's weird. That's being a hero?

• 17:30Speaker 03

  No, going to concentration camps.

• 17:35Speaker 03

  Yeah, I actually just got back from Delaney. I just got back from Delaney Hall.

• 17:39Caleb Hammer?

  Where's that?

• 17:40Speaker 03

  That's in New Jersey.

• 17:41Caleb Hammer?

  There's a concentration camp in New Jersey?

• 17:42Speaker 03

  And many other states as well. Yeah, there are detention centers. Yep. They have barbed wire and awful living conditions and maggots in the food and abusing the people in there. No due process. That's a concentration camp.

• 17:57Caleb Hammer?

  Okay.

• 17:58Speaker 03

  And so people are rightfully outraged and are out there to demoralize the people who are going into those.

• 18:08Caleb Hammer?

  I asked her what her job was, by the way.

• 18:10Speaker 03

  I said finance and you asked if I was a bad capitalist.

• 18:14Caleb Hammer?

  She's talking about concentration camps. You're a socialist?

• 18:17Speaker 03

  Yes.

• 18:17Caleb Hammer?

  Okay, you know socialism has never worked. What socialism are you in favor for? Here we go, get ready.

• 18:25Speaker 03

  I believe that.

• 18:27Caleb Hammer?

  Take a system.

• 18:28Speaker 03

  A system?

• 18:29Caleb Hammer?

  Take a system in the world that you're in favor of.

• 18:32Speaker 03

  Well.

• 18:33Caleb Hammer?

  That you would rather be our system.

• 18:34Speaker 03

  I just don't want it to be capitalism, nor do I want it to be.

• 18:38Caleb Hammer?

  Take a system that has worked that you like and would like to replicate here.

• 18:43Speaker 03

  Capitalism.

• 18:43Caleb Hammer?

  Take a system, please. That has been proven to work in any country, anywhere.

• 18:48Speaker 03

  We.

• 18:49Caleb Hammer?

  That is better than our system, please.

• 18:50Speaker 03

  Capitalism.

• 18:51Caleb Hammer?

  Yeah, please, find.

• 18:53Speaker 03

  Does not.

• 18:53Caleb Hammer?

  Okay, that's great. I hear, yes, you have your talking points. That's wonderful. Now pick a system that has worked anywhere, better than here, that you would rather have.

• 19:01Speaker 03

  Well, that.

• 19:02Caleb Hammer?

  I'm waiting for it.

• 19:02Speaker 03

  Your definition of better is like not valuing intrinsic value.

• 19:07Caleb Hammer?

  I don't give a about my definition, your definition. I'm asking you to choose. Don't cater to my definition.

• 19:11Speaker 03

  And I'm choosing socialism.

• 19:13Caleb Hammer?

  No, no, yeah, but pick it. Pick another country that has worked.

• 19:16Speaker 03

  And unfortunately. We are an imperialist.

• 19:20Caleb Hammer?

  Never tried real socialism, I bet you.

• 19:22Speaker 03

  Imperialism is hurting those socialist countries.

• 19:27Caleb Hammer?

  It hurt the USSR?

• 19:28Speaker 03

  It's hurting Cuba and Venezuela. Yeah, the blockades that we're doing for the oil in those places.

• 19:36Caleb Hammer?

  Oil production dramatically fell after the state took control of Venezuela and it hurt their economy dramatically well before our embargo. You might be right about Cuba, but no, Venezuela did it themselves before we embargoed. Timeline wise, so you're just wrong. They had a slush fund coming in when it was collecting taxes from the private enterprise.

• 19:55Speaker 03

  What I'm not wrong about is the fact that capitalism prioritizes the profits.

• 20:01Caleb Hammer?

  Okay, I just asked what her job was. Here we go. Please, pick a system, one place, one place, that according to your values you would rather do.

• 20:10Speaker 03

  New York?

• 20:11Caleb Hammer?

  That's not socialist, that's the most capitalist place in the world.

• 20:13Speaker 03

  But Mom Donnie is out there doing social.

• 20:16Caleb Hammer?

  He's democratic socialist, socialist. He still believes in capitalism. You know that, right?

• 20:21Speaker 03

  You have to start somewhere.

• 20:22Caleb Hammer?

  No, no, no, no, no, that is still capitalist. All his policies are funded on the tax revenue generated by capitalism. That's capitalism, that is not.

• 20:28Speaker 03

  Taxes are.

• 20:29Caleb Hammer?

  A worker's based socialism. Taxes come from the capitalist state, still. So no, that is not socialist. But if that's what you'd like to see, then don't call yourself a socialist, because that's not socialist, that's still capitalism. That's more Scandinavian, that's European, which is still funded on capitalist systems. I was hoping you were gonna say something like Sweden or the UK. I was hoping you were gonna say something like that, which are still objectively capitalist countries. Not socialist by any means of the imagination. They have some more social programs, all funded.

• 20:58Speaker 03

  They do have social programs.

• 20:59Caleb Hammer?

  All funded by the success of capitalism, all funded by the marketplace and the wages created by capitalism.

• 21:04Speaker 03

  So what happens if you do more social programs? How many social programs do you have to do before it's socialist?

• 21:07Caleb Hammer?

  You're talking about social programs. Socialist is a completely different economic structure, though.

• 21:11Speaker 03

  Right, where the worker has their relationships to the means of production.

• 21:16Caleb Hammer?

  State run, but yes. State run. That wouldn't really create much. You know what happened in the USSR? With all the land, the most arable land almost in the world compared, besides the United States and I think Ukraine. Well, they had to import all their wheat. The vast majority of their wheat. It doesn't work, it doesn't create the outcome. People need to eat and it doesn't work. You know what's actually more important?

• 21:35Speaker 03

  Are we feeding people under capitalism?

• 21:36Caleb Hammer?

  Yes, have you seen our poor people? They're fat.

• 21:42Caleb Hammer?

  Yes. The poor people in the United States have to take Ozempic.

• 21:47Speaker 03

  Okay, but is it because the cost of chips is more than minimum wage?

• 21:51Caleb Hammer?

  Chips? You think that's what's necessary for a sustained lifestyle?

• 21:54Speaker 03

  I think that it's one of the cheapest things you can get from the gas station.

• 21:58Caleb Hammer?

  Gas station? Should we be doing our grocery shopping from the gas station? I think you've gotten some pretty bad advice if we're talking about meal prepping.

• 22:03Speaker 03

  Well, you would know a thing or two about meal prepping.

• 22:06Caleb Hammer?

  Yes, I have a meal prep.

• 22:08Speaker 03

  I don't belong in a kitchen.

• 22:10Caleb Hammer?

  Okay. Really fighting the patriarchy on that one, aren't you? Brave, brave woman. So they, whatever, you know. You know what I mean? Okay, so are you able to speak on anything? Or is it just performative based bullshit? Because here's the reality. Here's the reality in the end.

• 22:31Speaker 03

  We are having food deserts and hospital deserts. And we're having those because it is not as profitable to have groceries and hospitals out there.

• 22:41Caleb Hammer?

  But there's still lots of public funding.

• 22:42Speaker 03

  But there is intrinsic value in supporting your community.

• 22:46Caleb Hammer?

  Okay, so how would we combat? How would we combat a food desert in your mind? What is the actual outcome?

• 22:52Speaker 03

  State-run grocery stores.

• 22:53Caleb Hammer?

  Okay, and those have always worked very well. Anywhere done?

• 22:57Speaker 03

  I mean, state grocery stores really impact people's lives when they're in food deserts, yeah.

• 23:02Caleb Hammer?

  Okay, where have they been done successfully?

• 23:05Speaker 03

  Kansas.

• 23:06Caleb Hammer?

  State-run grocery stores?

• 23:07Speaker 03

  Yes.

• 23:07Caleb Hammer?

  Okay.

• 23:08Speaker 03

  That's actually Kansas is the model for New York.

• 23:10Caleb Hammer?

  Listen, if it works, then I'm down for it. I'm only okay with things that have worked.

• 23:15Speaker 03

  Kansas has a lot of mutual aid, but they still have a large homeless population.

• 23:18Caleb Hammer?

  Your proposal first, outcome last. Outcomes are all that matter. I don't care if you sound like the moral good guy, moral masturbator, performative person. When it comes to the, yes, I'm sure you masturbate. When it comes to the policies that you're proposing, okay? That's all that matters to you is sounding good, looking good on the front end, not the outcomes in the end.

• 23:36Speaker 03

  It's functionally possible. We have the ability.

• 23:38Caleb Hammer?

  Functionally possible. You know it's functionally possible? We have the highest disposable income anywhere else in the world. That is the money you have.

• 23:43Speaker 03

  We also have an incredibly large military budget.

• 23:45Caleb Hammer?

  Okay, I don't know what that has to do with disposable income. This is what's so hard talking to people like you because you had nothing to do with the point I just said. You just went somewhere else. Yes, we have a high military budget. What is it 15, 20% of our federal budget? Social programs are 50%. So what do you want?

• 24:01Speaker 03

  Why are we cutting them?

• 24:03Caleb Hammer?

  I don't think it's gonna go below 50%. It's still substantially high.

• 24:07Speaker 03

  We're cutting them pretty drastically.

• 24:10Caleb Hammer?

  Spending. You know what's actually gonna be cut? Social Security by 2032. You'll have Social Security, but only what's coming in. You know why? Because we refused to invest the Social Security Fund in the 90s into the capital that we have in the United States. The most capitalist thing we have, the stock market. It would have returned an average of 10% a year and it would be a massive slush fund. But instead, people like you decided it was too risky and we put it in low yield treasuries. And now it's gonna be depleted by 2032 because of freaks like you that don't understand anything about basic economics. Yes. Yes. I'm gonna be real with you. Your debt is not the same as everyone else's. You've got your own unique mix of credit cards, maybe some medical bills, personal loans and collections. Whatever. Your interest rates are different.

• 24:56Caleb Hammer?

  Your payments are different. Your life is different. So why do you need some one size fits all solution that treats you like a number? Some generic calculator that spits out? Just pay more. As if you hadn't thought of that already. That's what sets PDS apart. They don't just look at your balance and say, "Good luck." They work to understand your specific scenario and help provide alternative solutions to becoming debt free. Whether you're struggling with credit cards, personal loans, collections or medical bills, PDS Debt has customized options designed specifically for you. Not your neighbor, not some average case study. You. They've helped hundreds of thousands of people get out of debt. And here's the thing, there's no minimum credit score required. They're not here to judge you. They're not here to shame you. They're here to help you get out and help you save more. Pay off your debt faster and start putting money back in your pocket. This is a company that is A+ rated by the Better Business Bureau,

• 25:41Caleb Hammer?

  boasts thousands of five star reviews on Google and holds a five star rating on TrustPilot. That legitimately matters. Here's the thing, if I needed help paying off debt, this is exactly where I'd go for help. You're just 30 seconds away from being debt free with PDS Debt. Get your free assessment and find the best option for you right now. Now at P D S debt dot com slash hammer. That is P D S debt dot com slash hammer. P D S debt dot com slash hammer. If you or your child spent years growing up on social media and experienced serious mental health struggles, you should hear this. Recently, a jury ordered Meta and YouTube to pay millions for their role in designing and promoting addictive platforms. They knew their apps could contribute to anxiety, depression, and body image issues, but did not share those

• 26:23Caleb Hammer?

  risks while prioritizing profits. The recent historic verdict underscores the consequences of those decisions. Now Morgan and Morgan is stepping up to hold these platforms accountable for the harm they caused. Click the link in my bio to take a short quiz. You may be entitled to a potential recovery of over $1,000. We could have made it more capitalistic and it would have been wonderful for you and me.

• 26:45Speaker 03

  I think something would be wonderful for you and me is to have so many of our needs met so that we have the ability to drink.

• 26:52Caleb Hammer?

  The vast majority. What do you mean?

• 26:54Speaker 03

  Do you know how many things have to go right every single day for you to just operate?

• 26:58Caleb Hammer?

  Yes, a human nature, the world existing. What do you think this isn't?

• 27:01Speaker 03

  Have you ever gone without your phone?

• 27:03Caleb Hammer?

  Yeah.

• 27:04Speaker 03

  How long?

• 27:05Caleb Hammer?

  Uh, it was a couple of weeks in college.

• 27:08Speaker 03

  Okay.

• 27:08Caleb Hammer?

  Well, that wasn't very fun.

• 27:10Speaker 03

  How long ago was college? Cause if you weren't using MFA then, then?

• 27:14Caleb Hammer?

  Huh?

• 27:15Speaker 03

  Were you using multi-factor authentication in college?

• 27:18Caleb Hammer?

  No, maybe. I don't remember.

• 27:21Speaker 03

  Things use MFA now. So.

• 27:22Caleb Hammer?

  Dude, you can get a cheap Android for like a hundred bucks at Boost Mobile. What are you clamoring about right now? You're freaking out. You're, you're, you're acting like a victim of nothing.

• 27:31Speaker 03

  Well, I'm showing that there are lots of things that have to go right every single day.

• 27:36Caleb Hammer?

  The poor people you're freaking out about, I've looked at their budgets.

• 27:40Caleb Hammer?

  You know how much people could be benefiting themselves if they actually had any semblance of personal responsibility? What are you, 25? You know, your generation's uh, goes out to eat multiple times a week and one of those is typically.

• 27:53Speaker 03

  My generation doesn't believe we can own houses and kinda can.

• 27:56Caleb Hammer?

  Which is funny because Gen Z, 25% actually own a house. Millennials, 50%. What statistics? That's crazy. Yeah. You actually don't know anything that's actually happening. You just want everyone to be a victim. And then you accomplish nothing in your life ever.

• 28:09Speaker 03

  People how I'm out here in every state asking people personally.

• 28:14Caleb Hammer?

  I'm glad you're getting anecdotal information. You know, you can actually look things up and listen to studies that have happened.

• 28:19Speaker 03

  Absolutely.

• 28:20Caleb Hammer?

  You know, we have the highest disposable income in the entire world. You know, we have the highest disposable income in the entire world. You know what capitalism has done? Ever since it's been implemented across the world, mostly in general, the poverty in the world has dramatically gone down. Hunger in the world has dramatically gone down. Yes. Are you serious? Have you not seen those charts? Have you not seen the data? You know, as a percentage of our income that goes to our grocery budget is better than any other history in human existence. Yes, you can scrunch your forehead all you want before you get botox. But yes, that is true. That is a fact that is reality. There's only three categories that have gone up. Do you know what they are? It's a percentage of our income. What are they? Open ears.

• 29:02Speaker 03

  Sorry, can you repeat the question?

• 29:03Caleb Hammer?

  You know, the three, only three categories in our lives that have gone up as a percentage of our income?

• 29:08Speaker 03

  No.

• 29:09Caleb Hammer?

  I'll tell you schooling. Why? Student loans, because we allowed people to borrow for school.

• 29:14Speaker 03

  Colleges used to be free.

• 29:15Caleb Hammer?

  Exactly. Until we allowed student loans. So of course, every time we raise the cap on student loans.

• 29:19Speaker 03

  College used to be free.

• 29:22Caleb Hammer?

  Hey, she has no rebuttal.

• 29:23Speaker 03

  Free is free.

• 29:24Caleb Hammer?

  So she has no rebuttal. Great. Okay, so the government got involved.

• 29:27Speaker 03

  We can be free again.

• 29:28Caleb Hammer?

  No, no, it can't at this point. No, it can't.

• 29:31Speaker 03

  Why not?

• 29:32Caleb Hammer?

  Because we've allowed colleges to raise the price of their tuition because of the amount we allow people to borrow. So they've built these campuses with lazy rivers around them. Like, it's crazy. It's all built on the sports team. It's not every school needs to have a sports team, music program, all that shit. Doesn't need to happen, but we allow people to borrow infinite amount of money. So that's one.

• 29:50Speaker 03

  I don't have any student loans.

• 29:51Caleb Hammer?

  The second one?

• 29:51Speaker 03

  What? No.

• 29:52Caleb Hammer?

  Uh, cost of housing. Why?

• 29:54Speaker 03

  The housing has just gone up ever.

• 29:56Caleb Hammer?

  Wow, what a nuanced take. You're incredible. They're, they're performative. They're all performative. They have absolutely no real solution to anything. It's mostly due to permitting.

• 30:08Speaker 03

  Tried. I've called before I.

• 30:10Caleb Hammer?

  You've called? You've called people?

• 30:12Speaker 03

  Well, I've called a bank.

• 30:14Caleb Hammer?

  Oh, that's great. Oh, she called the bank.

• 30:15Speaker 03

  And I tried to like, find out, you know?

• 30:17Caleb Hammer?

  Bank!

• 30:18Speaker 03

  I miss if I'm interested in buying a house.

• 30:20Caleb Hammer?

  The cost of housing should go down, bank!

• 30:21Speaker 03

  If I'm interested in buying a house, what do I have to do? And they told me that I would have to go to like a loan shark.

• 30:26Caleb Hammer?

  Why has the cost of housing gone up?

• 30:30Caleb Hammer?

  Most reasons.

• 30:33Caleb Hammer?

  Zoning in this country. Environmental policies, which again, I will agree with you that they're not all bad. But when they prevent housing in California by years. You know, in Texas, good old red Republican Texas. We've outpaced California in solar production, battery production and wind power. Because we actually allow people to build. Instead of California, it's like you, it's all performative. But then the environmental regulations have gotten in the way. And it's impossible to build anything. Zoning.

• 31:03Speaker 03

  I just value what the community has to say.

• 31:05Caleb Hammer?

  No, no, no, because you know, environmental protections oftentimes when used to prevent building are used by developers and housing organizations, HOAs that don't want new housing because it impacts their value. They use the legal system created through those environmental policies to prevent housing, not actually protect the environment. You know that, right? And it's zoning, single family zoning forever. Red Texas, red Florida are building housing because they enacted YIMBY policy, more liberal policies on allowing smaller lots, getting rid of parking minimums and actually allowing developers to build with the market demands. Where in LA, you can't, you cannot build that in progressive LA.

• 31:49Speaker 03

  What about rent?

• 31:50Caleb Hammer?

  What about rent? Rent goes down in places like Austin, Texas, where we built up, rent actually went down. You'll never see that in San Francisco. You know permitting fell in half, 50% at the moment San Francisco enacted rent control, performative policy that has never worked once in any human existence, tested city, ever, not one time. Places in Minnesota, very progressive Minnesota enacted rent control. They immediately got rid of it years later. Same with Massachusetts, they got rid of it, they outlawed it because it decreases permitting immediately because it decreases.

• 32:21Speaker 01

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• 32:50Caleb Hammer?

  Places being built, which makes rent go up. For the lucky few that get in generation run control, congratulations. They've 98% of people. That's why housing has gotten expensive. Our zoning. Guess what? People buy housing in Japan, but their values never go up. They actually expect to sell it for less because they have incredible zoning where people, they have these five layers of zoning that always require some kind of commercial integration where people can build up. The market can build what the people demand, what capitalism demands. So one of two, we went through one of two. Student housing, where the government has gotten involved and made it harder to do things. People do abuse legal systems to prevent housing being built to allow their land value to go up. You don't understand the actual outcomes of the things you ask for.

• 33:33Caleb Hammer?

  It's all moral masturbation on the front end, nothing on the back end.

• 33:38Speaker 03

  I've seen families like torn apart.

• 33:41Caleb Hammer?

  Oh, don't performative cry. No one gives a [BLEEP] or empathize with your fake crying. That is sad. A family being torn apart is sad, but I'm sorry, if you made the choice to do something illegal.

• 33:51Speaker 03

  I think that we should repurpose ICE so that instead of tearing families apart, their job would be to meet people where they're at and help them get the paperwork they need.

• 34:01Caleb Hammer?

  So brave. There you go. You won TikTok. You got the Reddit award. Your community has just supported you and you just got your moral masturbatory pin. So proud of you. Okay, is there a real conversation?

• 34:13Speaker 03

  Because I want to like actually support these people.

• 34:15Caleb Hammer?

  No, it's because what you're supporting is something that's just not going to happen. We have to think of real things.

• 34:19Speaker 03

  Real things aren't thinking about the people.

• 34:21Caleb Hammer?

  No, I actually do because I care about the outcome.

• 34:23Speaker 03

  You care about the system. You care about the system.

• 34:25Caleb Hammer?

  No, because I think about the outcome and the outcome is the only thing that actually impacts people in the real world, not what you say on TikTok.

• 34:31Speaker 03

  I don't have TikTok.

• 34:32Caleb Hammer?

  Not what you say on Reddit. Uh huh, knew you did. That's the reality. That's all that impacts people's lives in the end, not what a politician says on stage. What happens at the actual outcome? The real thing at the end of the [BLEEP] pipeline that no one tracks in the end. People get elected based on what they say. They don't get elected based on outcomes. You're a what they say person, not an outcome person. I care about capitalism because I care about the outcome. The outcome in the United States.

• 34:57Speaker 03

  I care about the intrinsic value of communities.

• 35:00Speaker 06

  You all into pondering like cinemas and make believe and celluloids. Yeah, yeah, okay, okay.

• 35:05Speaker 03

  Because I've seen the community suffering.

• 35:07Caleb Hammer?

  No, you think anecdotal things.

• 35:11Caleb Hammer?

  Equate for the entire billions of people on the planet. That's not how statistics work, lady. Sorry, I keep doing that. I really am not trying to do that. Here's an example again. Disposable income, 17% went to groceries and food in 1960. Today, 9.7%. 9.7% of a budget going to food? That is incredible. That is a blessing. That is living better than kings did. Yes. Scrunch your head all you want. The middle-class American today lives better than kings.

• 35:41Speaker 03

  What a CEO makes and the average frontline worker is so much harder.

• 35:46Caleb Hammer?

  She has a talking point prepared. That doesn't matter as long as people are doing well. What is the actual consequence?

• 35:52Speaker 03

  Well, it doesn't matter if people are doing well. These people have to have multiple jobs in order to sustain a lifestyle.

• 35:58Caleb Hammer?

  Some people, not the median American, not the median American.

• 36:02Speaker 03

  Are the median American relying on minimum wage?

• 36:05Caleb Hammer?

  What percent of the American population is relying on federal minimum wage?

• 36:09Speaker 03

  I don't know.

• 36:10Caleb Hammer?

  Because you don't know anything.

• 36:10Speaker 03

  I haven't met anyone who's making the federal minimum wage.

• 36:13Caleb Hammer?

  It's just knowing facts about a country.

• 36:15Speaker 03

  But I've met people across all over the world.

• 36:17Caleb Hammer?

  No, it doesn't matter who you've met, lady. That's not what changes statistics. You need to disconnect from that. Your anecdotal collection of bullshit is not the real world.

• 36:31Caleb Hammer?

  It isn't.

• 36:32Speaker 03

  I'm trying to meet people where they're at.

• 36:33Caleb Hammer?

  What percent do you think makes the federal minimum wage in the United States?

• 36:39Caleb Hammer?

  What percent do you think? What percent? No, answer the question, or I am ending this podcast. Answer the question.

• 36:45Speaker 03

  I don't know.

• 36:45Caleb Hammer?

  Answer what you think.

• 36:47Speaker 03

  30%?

• 36:48Caleb Hammer?

  It's less than 1%. You know nothing.

• 36:52Speaker 03

  Well, waitresses make less than that.

• 36:54Caleb Hammer?

  It's still less. Oh, my goodness. Yes, but after-tip income. It's less than 1%. You know nothing. You're outraged. You're performative. You're a virtue-signaling moron. You have prepared talking points and you know nothing about the real world. Can't believe you've gotten me to go down this rabbit hole when I really just asked what your job was. Oh my goodness. Percentage of food, less than 10% is an incredible statistic that we should celebrate. A middle-class American lives better than kings in the Middle Ages with plumbing, with food, with air conditioning, with housing, with getting cleaners?

• 37:29Speaker 03

  Should we go back to the feudal times?

• 37:30Caleb Hammer?

  No.

• 37:31Speaker 03

  Okay.

• 37:32Caleb Hammer?

  Sorry, actually, that was food. That was food. That was actually going out to eat. That statistic I pulled, 10%. It's less going out to eat today.

• 37:38Speaker 03

  Wait, it's going out to eat and not even groceries?

• 37:40Caleb Hammer?

  Yeah, you know what grocery is? Because I have that prepared. It was 13.7. Now it's less than 5%. 5%! You know nothing. Infants, today, health, the third category is health costs, by the way. Government's heavily involved, has dramatically, infant mortality rate fallen dramatically from 99.9 per 1,000 births, practically 10%,

• 38:05Caleb Hammer?

  to 5.6 per 1,000. 5.6!

• 38:09Speaker 03

  How much are diapers?

• 38:10Caleb Hammer?

  Oh my goodness. So you don't respond to a point I have?

• 38:14Caleb Hammer?

  You don't respond to a point I have?

• 38:15Speaker 03

  You're talking about babies.

• 38:16Caleb Hammer?

  Thing you're ready to go into.

• 38:18Speaker 03

  I do care about the prices. I've been filming them for three years. I've been watching inflation for three years.

• 38:25Caleb Hammer?

  Okay, great. Yeah, prices of diapers. Yes, the cost of raising a child isn't great. That doesn't mean things are abhorrently bad everywhere.

• 38:37Speaker 03

  I mean, chips are more than the minimum wage.

• 38:41Caleb Hammer?

  Wrong again, idiot. Chips are not needed to survive.

• 38:45Speaker 03

  No, but they are-

• 38:46Caleb Hammer?

  The minimum wage is less than 1% of the workforce in the United States. That's a broken statistic that you just brought up.

• 38:51Speaker 03

  If you only have $10 for a meal that day-

• 38:53Caleb Hammer?

  That's a broken statistic, though.

• 38:55Speaker 03

  But-

• 38:56Caleb Hammer?

  Why would you have less than $10 for a meal that day? If you're working minimum wage, that doesn't even make sense.

• 39:00Speaker 03

  Well, if you're working minimum wage-

• 39:03Caleb Hammer?

  Less than 1%.

• 39:04Speaker 03

  That's 7.25 an hour, 7.50 an hour? And so if you buy a bag of chips for $7.99, that's a whole hour of your labor.

• 39:14Caleb Hammer?

  By the way, 63% of Americans own homes, which is better than like ever before.

• 39:19Speaker 03

  As a Gen Z-er, I could probably never afford a home, especially...

• 39:23Caleb Hammer?

  That's a lie.

• 39:24Speaker 03

  Well, my bank hates me.

• 39:26Caleb Hammer?

  Your bank hates you. Your bank hates you. Let's see. Okay. Minimum percent spent on bullshit is about 25%. Take that, put it in a low-cost index fund, let it run for 10 years. Congratulations, you have a down payment.

• 39:37Speaker 03

  What makes it bullshit?

• 39:37Caleb Hammer?

  Shut the [bleep] up. It's things that aren't necessary for your life. Going out to eat, miscellaneous dumbass shit. We're gonna go through your budget and you'll see it. But like always, you would rather be a victim than actually take any kind of personal responsibility for anything in your life.

• 39:51Speaker 03

  Well, I am responsible for my finances. However, I don't control the cost of gas.

• 39:56Caleb Hammer?

  Yeah, that's bad. That's an outcome of a war we probably shouldn't have done. Agreed. Congratulations. We can shake hands on that.

• 40:06Caleb Hammer?

  Capitalism has made almost everything better. More access to food than ever before. More access to resources, medical care than ever before. And by the way, yes, yes. Get sick, go to the emergency room. It's fine.

• 40:20Speaker 03

  Be in financial debt, go homeless.

• 40:22Caleb Hammer?

  Dude, medical debt, do you know the impact of medical debt? It's almost nothing.

• 40:24Speaker 03

  I don't have insurance.

• 40:27Caleb Hammer?

  Brother, the impact on medical debt? There's almost a reason why we don't allow people with medical debt on this show. It's because it almost has no impact on people's lives.

• 40:34Speaker 03

  Then why are they sending bills to babies?

• 40:38Caleb Hammer?

  And guess what? If they don't pay it, almost nothing will happen. That is the actual reality. If they don't pay it, almost no consequence.

• 40:46Speaker 03

  Is that our financial advice? Don't pay?

• 40:48Caleb Hammer?

  For medical debt? I mean, I would rather pay because like if you're looking to get a car or something, it could be a little impacting. But other than that, it is the least impactful debt. And going through bankruptcy is honestly almost not even a hassle.

• 41:01Speaker 03

  So it's something that you just declare? I declare bankruptcy.

• 41:07Caleb Hammer?

  Wonderful. Which by the way, she was crying about how we need to get everyone a phone? What percentage of Americans own a phone? Smartphone, sorry. I should say smartphone specifically.

• 41:16Speaker 03

  Hmm, 80?

• 41:18Caleb Hammer?

  It is 98%. I guess we need to get everyone that. So internet, uh, what about that? The one that the government has to pay for? What usage in the United States? Who has access to internet?

• 41:30Speaker 03

  It's not about having access, it's about providing these things so that the...

• 41:34Caleb Hammer?

  Providing, so people are already getting them, but what percent?

• 41:36Speaker 03

  70%?

• 41:37Caleb Hammer?

  99.

• 41:39Caleb Hammer?

  You don't know what you're talking about. You're performing.

• 41:41Speaker 03

  I know that these are things that could improve people's lives. That's all I need to know.

• 41:44Caleb Hammer?

  Well, good news. They have 99% have it, so...

• 41:47Speaker 03

  And they would be happier if it was free.

• 41:49Caleb Hammer?

  No, they wouldn't, because it would not be as good. If it was free, they wouldn't be competing to...

• 41:53Speaker 03

  It would provide that...

• 41:54Caleb Hammer?

  Dude, if the internet was free in Austin, Texas, AT&T, Spectrum, and Google Fiber wouldn't be competing to make lower-cost, higher-speed fiber. We wouldn't have that, because it would just be one provider, and they would have no need to make it better, ever. I'm happy that capitalism has produced higher-speed internet.

• 42:12Caleb Hammer?

  No counterpoint. Wonderful. And that's usually what I expect from people like you.

• 42:15Speaker 03

  Having your needs met, so that you can dream?

• 42:19Caleb Hammer?

  What sacrifices have you done? Actual sacrifices? Because here's the reality with people like you. Your activism has cost you nothing. Nothing. Awareness is the cheapest version of morality. Everyone's aware. You've sacrificed nothing.

• 42:37Speaker 03

  Everyone's aware. We were just talking about Delaney Hall, right? Right across the street is the Knicks game. People filling up the streets.

• 42:44Caleb Hammer?

  Awareness of every single little detail, not necessarily, but awareness of the world around them? Your morality is cheap. You've sacrificed nothing, ever. You're a poster.

• 42:56Speaker 03

  I'm out here trying to help people.

• 42:57Caleb Hammer?

  No, you're a slogan capturer. You're a talking point person, not an outcomes-oriented person. No, you're not.

• 43:03Speaker 03

  My outcome isn't for...

• 43:04Caleb Hammer?

  You want to feel good and be lifted up by your community.

• 43:07Speaker 03

  I want to help communities build. Learn how communities are doing it in rural areas versus really populous areas, and learn how we can bring what's working in certain cities to cities that need that community building. That's what I'm out here doing.

• 43:23Caleb Hammer?

  Yeah, you couldn't comment on anything I brought up.

• 43:26Speaker 03

  Well, I can comment on what these people are experiencing, because I've heard it.

• 43:31Caleb Hammer?

  On how capitalism has improved people's lives, dramatically.

• 43:34Speaker 03

  They're not... Nobody I've spoken to is yay capitalist.

• 43:37Caleb Hammer?

  Oh, sorry, guys. Sorry, the few dozen people she's talking to in her life. It actually has an impact.

• 43:43Speaker 03

  I've been doing this for three years.

• 43:44Caleb Hammer?

  Wow, three years. What about the 300 million Americans? Did you talk to every single one of them?

• 43:48Speaker 03

  No.

• 43:49Caleb Hammer?

  Ooh, then maybe we should just go off of data.

• 43:53Caleb Hammer?

  The fuck are you? My goodness.

• 43:57Speaker 03

  I want to see people's lives improve. And the government has a role to play in that.

• 44:01Caleb Hammer?

  You killed your parents because they asked for more context.

• 44:04Speaker 03

  Because they like a pedophile.

• 44:06Caleb Hammer?

  And they're a fascist.

• 44:08Speaker 03

  People who support fascist ideals are fascist, yes.

• 44:13Caleb Hammer?

  Okay, so what's fascist?

• 44:16Speaker 03

  Fascism is when you suppress dissent.

• 44:18Caleb Hammer?

  That's it? That's, that's, hold on. The entire economic and political structure of fascism? A massive ideology enacted in multiple countries across the world? Its entire basis is suppressing people.

• 44:32Speaker 03

  There's many facets of it.

• 44:34Caleb Hammer?

  Please describe fascism. I'd like you to describe the economic structure of fascism for me, please.

• 44:39Speaker 03

  Fascism is when we silence dissent.

• 44:42Caleb Hammer?

  Whoa, okay. Copy and paste response. Let's try to get a second one in there. You know, they do that under communism aggressively and socialism, but continue, please. Uh huh, mhm, she does. Good.

• 44:54Speaker 03

  Fascism is also when you oppress a group, minorities, oppress minorities.

• 44:58Caleb Hammer?

  You basically just used the same talking point. Do you actually have anything that you can actually describe what fascism really is?

• 45:05Speaker 03

  Well, fascism is what?

• 45:07Caleb Hammer?

  Define fascism. What is the economic and political structure of fascism?

• 45:11Speaker 03

  Fascism is private profit, or private prisons.

• 45:15Caleb Hammer?

  It actually probably wouldn't be. I'll be honest, under the economic structure.

• 45:44Caleb Hammer?

  Sure fascism, it's much closer to socialism than it is capitalism in every measured way. Now, there are private enterprises, but the people running them and the people working for them are placed there by the state. You have to be loyalists to the state and the state is determining usually the economic trend of what is being worked on in the economy. It is much closer to a socialist economic structure and political structure than capitalism by far. Free market doesn't exist in socialism. There is no, in fascism, there is no free market. It's not about private prison. No, it would be likely a public prison and the person

• 46:23Speaker 03

  Who's in the prison?

• 46:23Caleb Hammer?

  Is gonna be, who's in the prison? Whatever they decide the laws are under that country. It was different under Nazi Germany as it was under Spain, as it was under Italy. That's not what defines fascism. You know nothing. You use buzzwords and you know no actual reality.

• 46:39Speaker 03

  I know that reality is that we are suffering and there's got to be an alternative.

• 46:51Caleb Hammer?

  You got the TikTok a word again. That is not, that means nothing. Suffering has gone down substantially under capitalism. It is by every numeric fact in the world, including this, the capitalism of Europe. A very capitalist economy whose social programs are funded by capitalism. Norway, sovereign wealth fund, one of the best in the world, through oil extraction and selling on the private marketplace. Capitalism. You know nothing.

• 47:18Speaker 03

  Capitalism allows people to die.

• 47:21Caleb Hammer?

  Yeah, no one ever died under communism.

• 47:23Speaker 03

  It's not profitable to.

• 47:25Caleb Hammer?

  Did anyone ever die under communism?

• 47:27Speaker 03

  Under capitalism.

• 47:28Caleb Hammer?

  Great, good response. Oh, go ahead. Get your point.

• 47:33Speaker 03

  Um, under capitalism, people, um.

• 47:39Speaker 03

  People are not prioritized as much as profits are.

• 47:44Speaker 03

  And so you're, you let people die in your, your hospitals.

• 47:48Caleb Hammer?

  Who's letting someone die?

• 47:49Speaker 03

  Well, and because you-

• 47:50Caleb Hammer?

  No, if you go to the emergency room, they're not letting you die and anyone can go to the emergency room, including an illegal immigrant.

• 47:58Caleb Hammer?

  What are you talking about?

• 47:59Speaker 03

  And then they die from medical debt.

• 48:02Caleb Hammer?

  No, no. Have you seen this show? Dude, the bankruptcy laws in this country compared to anywhere else are some of the most lax, liberal, incredible to get out of any bad situation ever.

• 48:13Speaker 03

  I don't know about bankruptcy.

• 48:14Caleb Hammer?

  You don't know about anything. That's the point. If you don't know about bankruptcy, then don't comment on medical debt.

• 48:21Caleb Hammer?

  Well, more masturbations next. You know, saying anything for praise online is less impactful to real people than real outcomes. That's what you should take away from anything and know what the [bleep] you're talking about. I'm [bleep], I'm not 100% educated on everything, but at least know something of what you're talking about. Cause this was pathetic.

• 48:40Speaker 03

  I know that people are-

• 48:41Caleb Hammer?

  You know that you had a couple of conversations.

• 48:43Speaker 03

  Do those people's input not matter?

• 48:47Caleb Hammer?

  All that matters is the actual outcome in the end, which you can measure by collecting statistics across the board. The outcomes for any-

• 48:53Speaker 03

  What is the average income?

• 48:55Caleb Hammer?

  Uh, the median income in the United States, I believe, $65,000.

• 48:58Speaker 03

  I don't meet that and so many more people that I've talked to don't meet that.

• 49:01Caleb Hammer?

  Median means not everyone. Do you know what median is? You just asked for median.

• 49:05Speaker 03

  Yeah, well, I asked for average.

• 49:07Caleb Hammer?

  Okay. Well, median's more important. Why would you do average? It was more skewed by wealthy people. Average is a bad capture.

• 49:15Speaker 03

  Well, but average goes to show everybody.

• 49:18Caleb Hammer?

  Cause you chose your career path. Did you choose your career path? Did you make that choice? Did you choose what to study?

• 49:23Speaker 03

  Yes.

• 49:23Caleb Hammer?

  Well, that was your fault. What? Why, why are you blaming America?

• 49:28Speaker 03

  For choosing what?

• 49:29Caleb Hammer?

  You said you're not the median for the income. That was your choice.

• 49:33Speaker 03

  Yes. No, I, my degree is in teachers.

• 49:35Caleb Hammer?

  The consequences of your choice.

• 49:37Speaker 03

  Yeah.

• 49:38Caleb Hammer?

  Pathetic worm.

• 49:39Speaker 03

  I got my degree in teaching. Yeah.

• 49:40Caleb Hammer?

  Yes, you chose that.

• 49:43Caleb Hammer?

  What's the point you're trying to make then that you don't meet the median? Before we keep going, quick word from today's sponsor. If you run a business, you already know the AI conversation is getting exhausting. Every five seconds, it's like, use AI. Cool, but if your systems are a mess and nothing talks to each other, AI is not saving you. It's just making your chaos faster. And that's why today's video is sponsored by NetSuite. NetSuite is the AI-powered business management suite that securely connects your data in one place. Financials, inventory, commerce, HR, CRM, one source of truth trusted by over 43,000 customers. And NetSuite next is the next huge leap because AI is built into everything you do.

• 50:23Caleb Hammer?

  It surfaces custom insights throughout your day. AI agents help handle routine work. And if you've got a question, it can just ask like you're talking to a coworker. From software and IT services to healthcare, equipment manufacturing, financial services, and many other great American industries, NetSuite delivers a customized solution for your business. If I were running a seven-figure business, this is absolutely what I'd want. And for the first time ever, you can try NetSuite next for free. If your revenues are at least in the seven figures, go to netsuite.ai/hammer. Built for every industry, ready for every boardroom. netsuite.ai/hammer. Alright, let's get back to the mess. You suck with money, so you download a budgeting app. You start with the classic one,

• 51:06Caleb Hammer?

  YNAB, but everyone just deletes it because it's way too complicated to use. So you go to EveryDollar, that's Dave Ramsey, the personal finance guy, right? Well, they're gonna force you to use it his way. That's not very personal finances. Rocket Money, they got a lot of commercials, but they're owned by Rocket Mortgage. Guess what they want to sell you in the end? Then there's the new guy on the block, Monarch. Hundreds of millions of dollars of private equity raising so far. But private equity doesn't have the best track record when it comes to private data. That's why I like Dollar Wise. Built by these people just like you, for people just like you. No private equity, no gimmicks, just the best budgeting app there is. Download it now, start the free trial, dollarwise.com, link in the description below.

• 51:50Speaker 03

  Well, it's important to know that, like, we're not paying people what they're worth, what their labor's worth. And, you know, we don't see this intrinsic value in people like teachers

• 52:03Caleb Hammer?

  Absolutely.

• 52:03Speaker 03

  I mean, we literally just took away the profession from nurses. Nurses are no longer considered professionals.

• 52:09Caleb Hammer?

  You're talking about in terms of what they can borrow for student loans? That might be a good thing.

• 52:13Speaker 03

  No, I'm not. I'm just talking about professions and how much they make and versus like how much time that they put into it.

• 52:19Caleb Hammer?

  First of all, I don't think that you're gonna hear my Much complaining in general because nurses get paid incredible.

• 52:24Speaker 03

  They work 12 hour days.

• 52:26Caleb Hammer?

  Yes, like four days a week. Yeah, no, my mom's a nurse. I my cousins, I have so many nurses in my family. It's still like 40 hours a week.

• 52:32Speaker 03

  Are they upset about their profession being undermined?

• 52:35Caleb Hammer?

  They're happy with making six figures.

• 52:37Speaker 03

  But they're they're that degree is no longer considered.

• 52:39Caleb Hammer?

  Not everyone cares about a label like you blue hair. Some people actually care about, again, outcomes. Only thing that matters in the end for a worker usually is their paycheck. That's what you're just complaining about. People are not getting paid what they're worth. They're getting paid what they're worth. Nurses, it's one of the best degrees you can get.

• 52:53Speaker 03

  I mean, nurses are exhausted, don't you think?

• 52:56Caleb Hammer?

  Oh, my. What is there not to be a victim or complain about? So who's gonna do it then?

• 53:02Speaker 03

  How do we get better if we don't know, recognize what's wrong?

• 53:05Caleb Hammer?

  No, what's your proposal if they're tired?

• 53:07Speaker 03

  Shorter work hours, shorter work weeks.

• 53:09Caleb Hammer?

  You already have a nursing shortage.

• 53:11Speaker 03

  For the same rip pay, for better pay.

• 53:14Caleb Hammer?

  Who determines, who gets to choose that?

• 53:16Speaker 03

  The workers should get to choose that.

• 53:19Caleb Hammer?

  They do, whether or not they accept the job.

• 53:21Speaker 03

  They should have a better relationship to their means of production.

• 53:24Caleb Hammer?

  Dude, they get to choose what nursing job they apply for. Emergency room, being a teacher, showing up to old people's homes, it's up to them.

• 53:31Speaker 03

  Choosing to do these crazy hours.

• 53:34Caleb Hammer?

  They actually are by choosing to go into nursing when you can see what kind of hours nurses work. Yes, they are.

• 53:38Speaker 03

  We can improve their lives by giving them better rights.

• 53:43Caleb Hammer?

  Then they might not get paid as much. They have rights. They have the right to quit their job. They have the right to go work whatever they want.

• 53:49Speaker 03

  On hospitals are crazy.

• 53:51Caleb Hammer?

  And I'm relatively glad as long as like nurses are making good money and they are.

• 53:55Speaker 03

  So long as the, they should have a say in how much they're working and what they're working for.

• 54:00Caleb Hammer?

  They do, by choosing what job they do, by choosing the degree they got. They have that say. Their entire life had that say.

• 54:06Speaker 03

  But exactly, there's a lot of things that help people inform their choice, right? And sometimes that, that what informs that is where they are. And sometimes they don't have the ability to apply for like a nurse practitioner job in a in a hospital desert.

• 54:23Caleb Hammer?

  A hospital desert. So you know what they do? You know what most people have done?

• 54:26Speaker 03

  They have to leave.

• 54:26Caleb Hammer?

  They leave.

• 54:27Speaker 03

  Exactly. And what happens to that community?

• 54:29Caleb Hammer?

  No, I'm sorry, not everywhere is gonna thrive.

• 54:32Speaker 03

  No, everyone should thrive. That's what socialism is.

• 54:34Caleb Hammer?

  But that didn't happen in socialism.

• 54:37Speaker 03

  But it can.

• 54:37Caleb Hammer?

  But it didn't.

• 54:38Speaker 03

  But we can.

• 54:39Caleb Hammer?

  Never once through socialism did every community.

• 54:41Speaker 03

  Gen Z can be the difference.

• 54:45Speaker 03

  We already know what it's like to be in incredible amounts of debt and not lose the promise of retirement.

• 54:51Caleb Hammer?

  Student loans, which you can get on 1% of your income. So what are you talking about? What retirement were you lost?

• 54:57Speaker 03

  Sorry?

• 54:57Caleb Hammer?

  What retirement were you lost as a generation? I'm one year from Gen Z, by the way, so I'm pretty much aligned on this, but...

• 55:03Speaker 03

  Wait, when were you born?

• 55:05Caleb Hammer?

  Uh, 95. 96 is when Gen Z started, so...

• 55:08Speaker 03

  Gotcha.

• 55:08Caleb Hammer?

  Uh, yeah.

• 55:10Speaker 03

  Google's a year older than me.

• 55:12Caleb Hammer?

  Is that another award? I like, I don't know what you're trying to get. What retirement did you lose?

• 55:17Speaker 03

  Well, social security.

• 55:19Caleb Hammer?

  You didn't lose social security?

• 55:20Speaker 03

  But it's shutting down.

• 55:22Caleb Hammer?

  No.

• 55:22Speaker 03

  You said 2032, didn't you?

• 55:24Caleb Hammer?

  There will be a mandatory 25% cut because the slush fund is gone, which means only the money that can go out is the money coming in. Since we have a decreasing workforce and decreasing birth rate,

• 55:34Caleb Hammer?

  that's why. It'll still come, you'll still get social security, it'll just be from what comes in. And again, it's mostly because we didn't invest it in the market, which the capitalists wanted to do.

• 55:43Speaker 03

  But we're letting people go. We're not, we're not getting new jobs.

• 55:48Caleb Hammer?

  What? We just had record job numbers reported last month.

• 55:52Speaker 03

  We also didn't get job numbers for an entire quarter, right?

• 55:57Caleb Hammer?

  Okay, what's your point? We just got record job numbers these last, dude, these past few months have been great.

• 56:02Speaker 03

  Is that not worth noting? That we've had historic...

• 56:05Caleb Hammer?

  It is, that sucks, that sucks. But guess what? The past, this whole year we have, so I'm okay. You're saying we're getting no jobs? We just had hundreds of thousands created.

• 56:14Speaker 03

  We're reducing far more with AI.

• 56:17Caleb Hammer?

  Okay, unemployment rate is steady. New jobs have been created so far. We're not seeing that overall as a statistical thing. You're getting a couple of companies here and there, sure.

• 56:28Speaker 03

  I've seen it. I've been let go.

• 56:31Caleb Hammer?

  Everyone's been let go.

• 56:58Caleb Hammer?

  Let go. That's normal.

• 57:00Speaker 03

  But getting rehired, is that normal?

• 57:01Caleb Hammer?

  Did you get rehired? Okay, then, congratulations, you won. What do you want? What are you arguing for?

• 57:08Speaker 03

  I'm saying-

• 57:08Caleb Hammer?

  It doesn't sound like you're replaced by AI.

• 57:10Speaker 03

  But what I'm saying is that there's not-

• 57:12Caleb Hammer?

  There's nothing. Okay, so you just said Gen Z has this, has this. Okay, so you said housing-

• 57:16Speaker 03

  Yeah, Gen Z has the ability to, you know-

• 57:18Caleb Hammer?

  Because you're losing your retirement, that's not true. Also, just stock market, invest 15%, you'll be able to retire multimillionaire. Congratulations, that's pretty easy. We already know you spent 25% on bullshit, so you'll be able to do that. Congratulations, go [bleep] yourself. What's the other thing? Housing, 25% of Gen Z already owns a home. Cut out your eating out to eat, you'll be able to put a down payment down. Now, honestly, the majority thing, yes, housing costs have gone up. Rent, who cares? You don't need to own a home. No, who cares?

• 57:41Speaker 03

  Yes, I mean-

• 57:42Caleb Hammer?

  No, no you don't.

• 57:43Speaker 03

  Why should all of my investments into a place just go to somebody? And then I never have-

• 57:49Caleb Hammer?

  Well, don't invest in someone else's property, that is true. But the thing is, you'll make more money-

• 57:52Speaker 03

  But there's not properties available that people can afford, so they have to settle for rent.

• 57:56Caleb Hammer?

  Well, rentals is better. No renting's great, what's wrong with renting? It gives you more flexibility in life, what's the-

• 58:00Speaker 03

  It gives you flexibility, but your money is not, you're not investing at that point.

• 58:04Caleb Hammer?

  No, that's actually good, because you don't want it in a house. Because housing performs much worse against the stock market in average. Put that money in the stock market. No, that's what I'm trying to change. The American dream is housing ownership. But me, Ramit, Graham Stephan, any of the, I even think the money guys. Right, left, wherever you go, Ramit, he's like pretty far left. Everyone agrees renting is better from a financial perspective. Because you put the money in the overall marketplace and you will make so much more money than your house ever did.

• 58:31Speaker 03

  You think it's better because the landlords are profiting?

• 58:36Caleb Hammer?

  Who wants to be a [bleep] landlord these days? It's a horrible return on investment.

• 58:39Speaker 03

  Because it hurts your feelings when people hate landlords?

• 58:43Caleb Hammer?

  I've sold mine. I don't care.

• 58:44Speaker 03

  You sold your landlord?

• 58:46Caleb Hammer?

  My rental properties.

• 58:47Speaker 03

  Oh, gotcha.

• 58:47Caleb Hammer?

  Because it's a bad return on investment. Why would I care? I don't care.

• 58:50Speaker 03

  Well, but what made you want to do it in the first place?

• 58:53Caleb Hammer?

  I thought it would be a good return on investment. It was okay. Stock market beat it every day.

• 58:58Speaker 03

  Was it during COVID?

• 58:59Caleb Hammer?

  No. No, no, no, no. I bought my own first personal residence during COVID.

• 59:05Speaker 03

  Gotcha.

• 59:08Speaker 03

  Yeah.

• 59:10Caleb Hammer?

  You were making a point.

• 59:11Speaker 03

  Well, housing is impossible to come by and that's why a lot of people rent.

• 59:14Caleb Hammer?

  That's not true. But, okay. Yeah, no, no, again, cost of housing has substantially gone up. That is true when it comes to buying a house. You don't need to buy a house, but even if you did, how about us actually care about outcomes, improve zoning laws, environmental laws, so we can build housing and meet market demand like we did in Austin, Texas?

• 59:29Speaker 03

  Well, we were talking about how the nurse has to move to go to find their work if they want to work as a nurse instead of providing...

• 59:34Caleb Hammer?

  No, you said Gen Z is gonna be the change. We lost our retirement, we lost our housing. That's not true. All those things are not true. What else is there? What else did you lose? What else are you a victim in? That's not true. You lost your retirement? Not true. You lost your housing? Not true. What else did you lose?

• 59:49Speaker 03

  I mean, I was saying that Gen Z could be the change and we could have a better relationship to the art means of production, yeah.

• 59:54Caleb Hammer?

  Okay, so you don't know what fascism is, you don't know anything about the minimum wage, you don't know anything about the detention centers of other countries? Yes. I do know what fascism is. In fact, I was starting to kind of explain it. In fact, it's completely opposite of lowercase l liberalism, which capitalists are. Lowercase l liberalism? Normal people on the left, normal people on the right? Trust me, I don't like extreme right, hate extreme left like you as well. Lowercase l liberalism? Individual rights. Communism? Opposed to it. Fascism? Opposed to it. Limited government? Opposed to it. It's strong government. Free markets? Opposed to it. They destroy it. It is central planning. That's fascism. That's socialism. They're much closer. So fascism is closer to socialism 95% compared to capitalism.

• 1:00:39Caleb Hammer?

  You know that, right? As an economic and political structure? You know that, right?

• 1:00:43Speaker 03

  There's no people say in fascism. It's the opposition, it's oppression that's in control.

• 1:00:50Caleb Hammer?

  In every socialist state, we've had free and fair elections. People had to say? Where have you, where has this ever been proven to work?

• 1:00:57Speaker 03

  In Cuba, they have like...

• 1:00:59Caleb Hammer?

  Free and fair elections?

• 1:01:01Speaker 03

  They have constant elections.

• 1:01:03Caleb Hammer?

  Free and fair?

• 1:01:04Speaker 03

  Constant elections.

• 1:01:06Caleb Hammer?

  Free and fair?

• 1:01:07Speaker 03

  For many things.

• 1:01:08Caleb Hammer?

  Free and fair?

• 1:01:09Speaker 03

  Well, does it cost to go to an election?

• 1:01:15Caleb Hammer?

  Fair elections?

• 1:01:19Caleb Hammer?

  Oh, good death. Oh.

• 1:01:25Caleb Hammer?

  Yeah, you didn't see people flee the United States on boats to get to Cuba, by the way.

• 1:01:31Caleb Hammer?

  Socialism, fascism, both anti-capitalism, both anti-free markets, state-controlled. What's different is in socialism, they at least pretend to care about everyone equally. In fascism, they'll kind of put away the people that aren't providing as much. That's the difference. That's usually the difference.

• 1:01:49Speaker 03

  And you like the putting people away?

• 1:01:51Caleb Hammer?

  No, I don't like fascism. I like capitalism. I like lowercase l liberalism.

• 1:01:56Speaker 03

  That's when they put them away.

• 1:01:57Caleb Hammer?

  Is, oh my goodness, she can't listen. She's actually, she's actually the dumbest person I've ever, ever had. They're both one-party states. They're not free. There's no free and fair election. Um, so when we were looking this up, so what there is in Kansas does not have state-operated supermarkets at all, but they have several small rural towns that operate municipal-owned grocery stores, funded by like property taxes and whatnot, but no state-owned. The place you went, the place you talked about, you don't even know what you're talking about.

• 1:02:28Caleb Hammer?

  Oh, you're pathetic. You're a bad activist. At least know something. At least know something. This is really bad.

• 1:02:35Speaker 03

  I mean, what's the difference?

• 1:02:36Caleb Hammer?

  You're just obsessed with symbolic wins of what you say. That's all you care about.

• 1:02:41Speaker 03

  I care about improving people's lives.

• 1:02:42Caleb Hammer?

  But you actually don't, because what improved people's lives is the outcomes.

• 1:02:45Speaker 03

  Capitalism is improving people's lives.

• 1:02:46Caleb Hammer?

  It actually has improved everyone's lives dramatically in the world. On a statistical basis in every way.

• 1:02:52Speaker 03

  It improves the lives of the bourgeois.

• 1:02:56Caleb Hammer?

  Only?

• 1:03:00Caleb Hammer?

  Okay.

• 1:03:01Speaker 03

  The working class is meant to suffer under capitalism.

• 1:03:07Speaker 03

  We don't have to be desperate, you know? Like, we have it in our human nature to help one another.

• 1:03:12Caleb Hammer?

  I don't know why I allowed myself to go down that rabbit hole, but I'll let her have the finishing point there. Well done, you got your Reddit award. I'm so proud of you, so good.

• 1:03:23Speaker 03

  Just wanna help people.

• 1:03:24Caleb Hammer?

  Sorry, them. Okay. No, you actually don't, though.

• 1:03:28Speaker 03

  I do.

• 1:03:29Caleb Hammer?

  Because you don't care about outcomes, whatever. Okay, I've already proven that, because she knows nothing about the minimum wage or literally any policy that you talked about. She actually doesn't. She wasn't able to speak on one thing or any comparable country or economy whatsoever. Shit, them, she. I actually am trying. I'm not making a joke, right? Bad words, I'm a flubber. But if you actually cared, you would be informed on literally anything more than just talking points and virtue signaling. But your job, what do you get paid?

• 1:03:57Speaker 03

  Sixty. And I just got a raise.

• 1:03:59Caleb Hammer?

  Just said you didn't make the median. You're like 5,000 off. And you're 25. You know, the median usually isn't hit until like 40s. You're doing better than the median your age.

• 1:04:08Speaker 03

  How is the median my age able to get a house if they're making less?

• 1:04:12Caleb Hammer?

  You might not be able to at 25, and you're not a victim for not being able to get a house at 25.

• 1:04:16Speaker 03

  People my age own houses.

• 1:04:17Caleb Hammer?

  Yes, 25%.

• 1:04:18Speaker 03

  How are they doing that if they're making less?

• 1:04:20Caleb Hammer?

  Uh, I actually don't know the answer to that question.

• 1:04:22Speaker 03

  Okay, so you don't know anything?

• 1:04:24Caleb Hammer?

  What, because of one question you asked me? I'm sure it's a mixture of inheritance. I'm sure it's a mixture of investing. I'm sure it's a mixture of...

• 1:04:31Speaker 03

  Boosh. Wah.

• 1:04:33Caleb Hammer?

  Investing through they made the choice. You could have invested. You could have saved.

• 1:04:36Speaker 03

  I am invested.

• 1:04:37Caleb Hammer?

  From 21 to 25? You could have enough for a 5% down payment. FHA, yes, you could. Absolutely. I know for a fact you could. At $60,000 a year, yes, in North, in South Dakota? Yes, I know for a fact.

• 1:04:51Speaker 03

  I just got that wage.

• 1:04:52Caleb Hammer?

  What were you doing before?

• 1:04:53Speaker 03

  Fifty.

• 1:04:54Caleb Hammer?

  Okay, you could have in South Dakota. You'd have been fine.

• 1:04:56Speaker 03

  And I haven't always lived in South Dakota.

• 1:04:59Caleb Hammer?

  Okay, where were you?

• 1:05:00Speaker 03

  I was in Maryland.

• 1:05:01Caleb Hammer?

  Uh, oh, Maryland may have been a little harder. There are higher cost of living areas. Again, that's zoning problems, not an actual wage problem. Compare, complain about those policies. So you do well for your age. Yeah, you're a victim, of course. What hits your account on a per paycheck basis?

• 1:05:16Speaker 03

  Um, so, this is like, kind of, I'm glad that we're finally getting into finances.

• 1:05:22Caleb Hammer?

  Yeah, me too.

• 1:05:23Speaker 03

  So...

• 1:05:24Caleb Hammer?

  Because you couldn't talk about anything properly.

• 1:05:26Speaker 03

  I, um, was...

• 1:05:29Speaker 03

  In sort of like a perfect storm financially, because a lot of things happened in the same like six week span.

• 1:05:36Caleb Hammer?

  What, something, something, something George Floyd or something like that?

• 1:05:39Speaker 03

  No.

• 1:05:40Caleb Hammer?

  Oh, surprised, okay.

• 1:05:42Speaker 03

  Yeah, I just, I got let go from my job.

• 1:05:46Speaker 03

  And then two weeks later, they realized they wanted me back.

• 1:05:49Caleb Hammer?

  Okay, sounds like you're very privileged.

• 1:05:52Speaker 03

  Or I'm just an asset and they didn't view me as an asset when they were trying to cut everybody.

• 1:05:57Caleb Hammer?

  Yeah, of course, you can never recognize your own privilege, people like you, yeah, go on. You guys are a walking stereotype, it's hilarious. You're, you're perfect, you were born out of the egg of the far leftist extremist. You, you were, you're incredible, continue. You're incredible, I love you, I love you, you're my favorite person ever, you're.

• 1:06:18Speaker 03

  Hated me a second ago.

• 1:06:20Caleb Hammer?

  I don't hate you, you're just one of the most people I've ever met in my life and it's incredible. So I want you to continue your, so I can continue laughing, please.

• 1:06:28Speaker 03

  Um, so they ended up giving me my job back because um, they were finally willing to meet my demands.

• 1:06:37Speaker 03

  So now I make sixty, I went from fifty to sixty. And um, they wanted me to move and um, I was able to maintain being remote. Um, but they promised uh, severance and I had planned some of my finances around said severance. Um, and so then when they hired me back, I didn't get severance. So um, that really, I mean, planning to have a good chunk of money come in and then not seeing that money come in at all, but for the sake of maintaining a wage.

• 1:07:05Caleb Hammer?

  So of the uh, now twenty-eight percent of Gen Z that owns a home, thirty-three percent of them said they would not be able to get it if they didn't get the help. Meaning that, what's the additional percentage of my thirty, thirty eight, thirty-seven percent? Or sixty-seven percent? Did I do that right? Percent said they could do it without any additional help, that they got it. So there you go, I answered your question.

• 1:07:25Speaker 03

  Well, help like from the bank? Cause obviously.

• 1:07:28Caleb Hammer?

  No help from someone else in their personal life.

• 1:07:30Speaker 03

  Gotcha.

• 1:07:31Caleb Hammer?

  Yeah, and twenty percent was through selling their stock investments, that's what I recommended for you. Um, eighteen percent lived with their family to save up a large down payment. Worked a second job, seventeen point six percent. Crypto, which is more even investing is 12.7%. Pulled from retirement early, which you can do, 12.3%. Wouldn't recommend it, but you can do it. Nonprofit assistance, also capitalism, by the way. 11.2% government assistance, right up your alley, 8%. So yeah, you can actually do it. Percent using first time home buyers. Oi, 26.

• 1:08:06Speaker 03

  Yeah, when I had, I had.

• 1:08:07Caleb Hammer?

  Oh, FHA 28, 28.

• 1:08:09Speaker 03

  With my bank.

• 1:08:09Caleb Hammer?

  FHA is like 1.5%. So you'd be perfectly fine. You'd be fine. You're just a child. So what hits your account on a monthly basis again? Please, I need that.

• 1:08:17Speaker 03

  I moved from being biweekly to weekly. So I get paid 800 a week.

• 1:08:23Caleb Hammer?

  Okay.

• 1:08:27Caleb Hammer?

  Really terminally online, aren't you?

• 1:08:29Speaker 03

  I'm an archivist, so I.

• 1:08:31Caleb Hammer?

  What's that?

• 1:08:32Speaker 03

  I go into film history as it's happening.

• 1:08:39Caleb Hammer?

  Okay, I thought you're, there's like a streamer or something that you're like a big.

• 1:08:43Speaker 03

  I, a streamer that what?

• 1:08:45Caleb Hammer?

  Like you were like, like dick sucking for essentially. But maybe not.

• 1:08:50Speaker 03

  I, um, there's a few content creators who I'm pretty close with or that I have interviewed before.

• 1:08:56Caleb Hammer?

  Oh, who?

• 1:08:57Speaker 03

  Um, so I've interviewed Midian Benjamin and Amy Goodman.

• 1:09:03Caleb Hammer?

  Nope.

• 1:09:03Speaker 03

  And Sean Piker.

• 1:09:05Caleb Hammer?

  Oh, I know him. Oh, I'm getting canceled, okay?

• 1:09:07Speaker 03

  I hope he sees this. I hope he can help me out in terms of like properly addressing.

• 1:09:13Caleb Hammer?

  He's definitely more terminally online than I am, for sure. We can have, we can, we can do, he can react to this. Then, um, Destiny can react to his reaction. And then, uh, Asmin can respect his reaction, react to his reaction. And maybe I'll react to the reaction of the reaction of the reaction of the reaction.

• 1:09:37Caleb Hammer?

  So you're friends with him?

• 1:09:40Speaker 03

  No, I've interviewed him actually a couple of times.

• 1:09:42Caleb Hammer?

  If someone came on that was as far right as you are left, I would also shit down their throat. There was that [bleep] election denier bullshit dumbass woman. I was shitting down her throat the entire time. Now, for what she was talking about, I wasn't as informed on, because I didn't care about those issues as much. I'm much more economically driven and you talk to more economic things, so I was much more willing to talk. But I shut down the far right far. I just hate extremism like you guys. You guys are [bleep] weird, you. You're an extremist.

• 1:10:10Speaker 03

  I'm open to new solutions that haven't been seen before.

• 1:10:13Caleb Hammer?

  But yet you weren't open to any statistic that I brought up. So that's the thing. I just hate extremists like you. But I mean, I don't have anything against Hassan. I might just disagree with him politically. I know I disagree with Asma Gold on some political things as well, but I had a friendly conversation with him, and that's okay.

• 1:10:27Speaker 03

  You've met Asma?

• 1:10:28Caleb Hammer?

  Yeah, well, he's local.

• 1:10:29Speaker 03

  Oh, really?

• 1:10:30Caleb Hammer?

  Yeah.

• 1:10:31Speaker 03

  I didn't know he left his house.

• 1:10:33Caleb Hammer?

  And I would meet, I think it was the first time in a decade. I'd meet, um, Destiny was supposed to fly here and I think his flight got canceled once. I'd meet Hassan as well. I'll meet anyone.

• 1:10:43Speaker 03

  Yeah, including pedophiles. You've made that clear.

• 1:10:45Caleb Hammer?

  Or President of the United States specifically, but I, like, I don't think you're a bad person. But I know people like you, the moment that someone is like 10% left of center disagrees with you on one thing, they become a fascist. And you couldn't even describe fascism. That's the kind of worldview I hate. People that disown people, people that can't even get on with someone that disagrees with 5%, that's toxic and bad. That's bad.

• 1:11:13Speaker 03

  My parents are not in my adult life, but they were very present and like impactful for my young life. I wrote, I used to be a conservative. Like, I someday will apologize to my classmates because...

• 1:11:29Caleb Hammer?

  Dude, you were a kid. Who cares what you believed as a kid?

• 1:11:31Speaker 03

  Yeah.

• 1:11:31Caleb Hammer?

  It doesn't matter. We all, no one knows what the [bleep] they're talking about.

• 1:11:34Speaker 03

  I've spent as much time as I will with them as a kid and as an adult, I've actually completed that as well.

• 1:11:41Caleb Hammer?

  What are they gonna think when they hear, when they watch this? It's interesting.

• 1:11:43Speaker 03

  They know how to come back in my life.

• 1:11:45Caleb Hammer?

  I don't dislike people. I don't dislike people because of political positions. That's what extremists do, and unfortunately, that's you. So I don't dislike Hassan. I don't dislike Asma Gold. I don't dislike Destiny. I don't dislike any of those people. I don't dislike you. But it's sad that you dislike people because they disagree with you politically. It's really toxic and disgusting.

• 1:12:00Speaker 03

  I'm always interested in changing those minds, you know?

• 1:12:03Caleb Hammer?

  So what? You weren't able to speak on anything other than buzzwords.

• 1:12:06Speaker 03

  Well, but I'm, I'm willing to have those conversations with people.

• 1:12:09Caleb Hammer?

  Can you be more informed next time?

• 1:12:11Speaker 03

  Yes.

• 1:12:12Caleb Hammer?

  You know, it's important to look things up, right?

• 1:12:14Speaker 03

  Yes.

• 1:12:15Caleb Hammer?

  And read.

• 1:12:16Speaker 03

  Yes.

• 1:12:16Caleb Hammer?

  Love reading. It's a good time.

• 1:12:18Speaker 03

  I'm not a theoryist. I know there are people that do a lot more.

• 1:12:21Caleb Hammer?

  Well, economic theory is important.

• 1:12:23Speaker 03

  Yeah.

• 1:12:24Caleb Hammer?

  You should probably get into it sometime. No one agrees with you.

• 1:12:26Speaker 03

  Well, I mean, people can agree with that. Free is awesome. It's awesome.

• 1:12:31Caleb Hammer?

  How is free?

• 1:12:33Speaker 03

  Well, I mean, I've been able to, the only reason my finances aren't any worse is because people are kind enough to help me out.

• 1:12:40Caleb Hammer?

  You spend 25% of bullshit. You make 60,000 dollars a year. If you're getting help from people, you're pathetic.

• 1:12:46Speaker 03

  Is this the, can I look at the graph?

• 1:12:50Speaker 03

  Or you can go through it.

• 1:12:52Caleb Hammer?

  I will. What do you think your financial score is 0 to 10?

• 1:12:54Speaker 03

  My financial score? 0 to 10? Like a.

• 1:12:58Caleb Hammer?

  Is that complicated?

• 1:12:59Speaker 03

  Well, but I thought you were talking about.

• 1:13:01Caleb Hammer?

  Sorry, sorry. 0 being the worst, 10 being the best.

• 1:13:02Speaker 03

  Okay. Um, 7?

• 1:13:08Speaker 03

  Like, I think I can recover.

• 1:13:11Caleb Hammer?

  But that's where you think you are today, not where you're going. Where do you think you are today?

• 1:13:14Speaker 03

  Okay, 6.

• 1:13:16Caleb Hammer?

  Okay, great. If you want your financial score, your Hammer financial score, get that score for free at CalebHammer.com. Just takes a few minutes to see where you stand in the world of money. You can see where you're doing poorly, where you're doing great, what you need to do to get better. And if you don't want to be like a guest who ends up on the show where you're bad with finances, make sure to download the Dollar Wise Budgeting app. You'd actually know your percentages yourself off the top of your head, uh, which is very nice.

• 1:13:36Speaker 03

  I thought you were asking credit score.

• 1:13:38Caleb Hammer?

  I said financial scores are.

• 1:13:40Speaker 03

  Well, finance, credit score, they both.

• 1:13:42Caleb Hammer?

  Okay, download Dollar Wise, get the free trial, sign up for the annual version if you want to save almost 50%. That's what most people do. I will personally send you my 30 day meal plan. You'll get your ass back in that kitchen, am I right? Let, that, her.

• 1:13:57Caleb Hammer?

  Person. I'm sorry. That was, that was bad. Wait, what do I call you then? Like, not pronoun level. Like, I wanted to call you a lady. What do I call you?

• 1:14:08Speaker 03

  Well, you can call me by my name.

• 1:14:12Caleb Hammer?

  Well, but it's a big day. Okay, doomsday.

• 1:14:15Speaker 03

  Yes.

• 1:14:16Caleb Hammer?

  Stop bleeding out money making minimum payments across multiple high interest accounts. Most Americans are spending hundreds, sometimes thousands of dollars that could be going toward actually paying down debt instead of lining some banks' pockets. And look, if you're sitting on high interest credit card debt, a car loan at 18%, or, oh my goodness, a payday loan charging you triple-digit interest rates, you need to hear this. If you've already cut up the cards and built better financial habits, but you're still drowning in interest payments, barely making progress, this is for you. I have opened my very own marketplace, a personal loan marketplace that lets you get personalized offers from multiple lenders in one place.

• 1:15:00Caleb Hammer?

  You can see if you pre-qualify in minutes and it won't impact your credit score. But here's the deal, this isn't a magic bullet. If you refinance your debt but keep swiping, you're just making the problem worse. You still need to fix the behavior that screwed you in the first place. But if you're serious about getting out of debt faster, you could potentially lower your monthly payment by securing a single payment at a much better rate. Check out the link in the description below to see your personalized offers, or go to CalebHammer.com, and remember, you've still gotta do the work. Starbucks is bull**** and a waste of money, and you already know that by making your coffee at home and investing the rest. So now, you need to do that with your energy drink as well.

• 1:15:42Caleb Hammer?

  Make Gamer Subs at home for just 40 cents a serving. And honestly, it literally tastes better. And we proved this accidentally via a blind taste test in our Hammer Elite show, Fat and Fatter.

• 1:15:54Speaker 07

  The number one ranked energy drink is Gamer Subs. Literally, the cherry flavor is insane.

• 1:16:00Caleb Hammer?

  Listen, you can also get free samples to see if you like it, or 10% off your order at Gamersubs.gg, or click that link in the description below, type in code CALEB. Okay, yeah, get your ass back in the kitchen. Make some food. Use the cookbook.

• 1:16:15Speaker 03

  Are you kidding?

• 1:16:17Caleb Hammer?

  No.

• 1:16:17Speaker 03

  I'm allergic to kitchens.

• 1:16:19Caleb Hammer?

  Oh, I assume you have no agency or accountability whatsoever.

• 1:16:23Speaker 03

  I have lots of agency.

• 1:16:24Caleb Hammer?

  Oh, but you can't cook for yourself?

• 1:16:26Speaker 03

  I choose not to cook for myself.

• 1:16:27Caleb Hammer?

  Why?

• 1:16:28Speaker 03

  Just, I'm not a good cook.

• 1:16:31Caleb Hammer?

  That's pretty easy. I just fixed it. Meal plan and a cookbook, digital version. So then what's the excuse? Once I've given you the recipes?

• 1:16:37Speaker 03

  It's not the recipes, though. It's the skill that comes with it.

• 1:16:40Caleb Hammer?

  Turning on a skillet, doing a crock pot?

• 1:16:45Caleb Hammer?

  Air fryer? Pretty damn easy.

• 1:16:48Speaker 03

  Not a space for me.

• 1:16:49Caleb Hammer?

  What? Make that make sense to me.

• 1:16:52Speaker 03

  Lots of people like to cook.

• 1:16:53Caleb Hammer?

  Learn. Take the time.

• 1:16:56Speaker 03

  I can learn.

• 1:16:57Caleb Hammer?

  How do you eat?

• 1:16:58Speaker 03

  I get fed.

• 1:17:00Caleb Hammer?

  Make that make sense. I need a little more information. So you eat out?

• 1:17:03Speaker 03

  Yes.

• 1:17:04Caleb Hammer?

  For every meal? And you're the one complaining about not being able to get a house?

• 1:17:07Speaker 03

  Not for every meal.

• 1:17:08Caleb Hammer?

  Okay, you know, it has a dramatic markup going out to eat, then delivery on top of that is an additional 90%.

• 1:17:13Speaker 03

  It's actually funny that you talk about that, because like, I can tell you how much like I pay for a meal.

• 1:17:18Caleb Hammer?

  How much?

• 1:17:19Speaker 03

  Like, 20 bucks.

• 1:17:22Caleb Hammer?

  What the [bleep]? That would be like three bucks on my meal plan. So I think it's your fault for not being able to accomplish the financial goals that you're complaining that you can't do. As societies.

• 1:17:32Speaker 03

  Well, can I? Am I not allowed to spend $20 a day?

• 1:17:35Caleb Hammer?

  You do one meal a day?

• 1:17:36Speaker 03

  Mm-hmm.

• 1:17:37Caleb Hammer?

  It's still more expensive. You can, but if you're choosing that, then you're choosing-

• 1:17:41Speaker 03

  Well, can I spend on anything else?

• 1:17:43Caleb Hammer?

  Why don't you save it? No, listen, you can't complain that you can't save for anything if you're choosing not to.

• 1:17:48Speaker 03

  Well-

• 1:17:49Caleb Hammer?

  It's fine if you don't want to. If you would rather go out to eat, that's fine. But then don't complain that you didn't get to save for retirement, that you didn't get to save for a house. You made that choice, and that's okay, but own it.

• 1:17:59Speaker 03

  I'm, I'm just pointing out that like, there's

• 1:18:04Speaker 03

  a paycheck is supposed to afford me certain affordances, like food and such.

• 1:18:09Caleb Hammer?

  You make 60, you're perfectly fine.

• 1:18:10Speaker 03

  Right.

• 1:18:11Caleb Hammer?

  But no, you're not entitled to going out to eat.

• 1:18:13Speaker 03

  Well, how much can I spend on a, on a, on a day?

• 1:18:16Caleb Hammer?

  Going out?

• 1:18:17Speaker 03

  Well-

• 1:18:18Caleb Hammer?

  What's your goals?

• 1:18:19Speaker 03

  Well-

• 1:18:20Caleb Hammer?

  You can spend all of it, but you might not hit your goals.

• 1:18:22Speaker 03

  Right.

• 1:18:23Caleb Hammer?

  But then don't complain that you can't retire or can't get a house. That was your choice you made. That's not socialism, capitalism, that's you.

• 1:18:30Speaker 03

  But if the government provided those things, that'd be-

• 1:18:33Caleb Hammer?

  Why should they? Because you have no agency.

• 1:18:35Speaker 03

  Well, the government should-

• 1:18:36Caleb Hammer?

  You have no discipline. Why should they?

• 1:18:39Speaker 03

  Because there's an intrinsic value to building a community.

• 1:18:41Caleb Hammer?

  Why should it be my responsibility to take care of you since you decided not to take care of yourself when you make good money? And, and what way is that fair?

• 1:18:49Speaker 03

  How is it fair for people to lose their everything?

• 1:18:51Caleb Hammer?

  We're talking about you, not other people right now. We're on the you part of this.

• 1:18:54Speaker 03

  Yeah.

• 1:18:54Caleb Hammer?

  Why should I have to take care of you when you make 60,000 hours a year and you choose to blow it all?

• 1:18:58Speaker 03

  I don't choose to blow it all.

• 1:19:00Caleb Hammer?

  Well, you just said you do.

• 1:19:01Speaker 03

  I do spend some money on eating. Yes.

• 1:19:04Caleb Hammer?

  Yes, and if instead you put that in a low-cost index fund, you let it go to retirement, you had a chance to retire, but you're not doing that, instead you choose to go out to eat, why is it my fault for not funding your retirement?

• 1:19:13Speaker 03

  I, I am funding my retirement.

• 1:19:15Caleb Hammer?

  Okay, what if it's not enough and you could put more and you need to put more? Why should I have to get you a house when you chose not to save up and you chose to go out to eat?

• 1:19:24Speaker 03

  Well.

• 1:19:24Caleb Hammer?

  Why should it be on me is the question I asked. If you chose to go out to eat and blow your money, why should it be on me?

• 1:19:31Speaker 03

  Because it's, there's an intrinsic value to building up your community.

• 1:19:34Caleb Hammer?

  You're not in my community.

• 1:19:36Speaker 03

  Well, then how are you paying for it?

• 1:19:39Caleb Hammer?

  Well, I assume you would want it to be collected federally and redistributed to you, even though I already pay a higher percentage compared to you dramatically.

• 1:19:46Speaker 03

  Well, yeah, I think the-

• 1:19:48Caleb Hammer?

  Question, what percent does the top 1% pay in federal income taxes?

• 1:19:52Speaker 03

  None.

• 1:19:59Caleb Hammer?

  I think it's about 40 to 50%.

• 1:20:02Caleb Hammer?

  No, I, I believe it's about 35%. Then the top 10% pays 50 to 60%, top 50% pays 99%, the bottom 50% of earners only pay 1%. Did you know we actually have the most progressive income tax system in the entire Western world? Did you know that?

• 1:20:17Speaker 03

  I did not.

• 1:20:18Caleb Hammer?

  Oh, we do. Of course you didn't know that. Why know anything before having an opinion? What the [__] is wrong with you?

• 1:20:24Speaker 03

  I-

• 1:20:26Caleb Hammer?

  You're probably a raise taxes person, aren't you? But you didn't even know that we have the most progressive income tax in the entire Western world? You think-

• 1:20:35Speaker 03

  I know that-

• 1:20:35Caleb Hammer?

  You think the top 1% pays 0%? Okay, but that's actually just not true according to IRS data.

• 1:20:42Speaker 03

  They, I mean comparatively.

• 1:20:46Caleb Hammer?

  No, compared, that is the percentages compared to what? Compared to the bottom 50%? No, compared to the bottom 50%. Bottom 50% only pays 1%.

• 1:20:53Speaker 03

  It's a lot more than what-

• 1:20:56Caleb Hammer?

  Than they should?

• 1:20:57Speaker 03

  Yes.

• 1:20:58Caleb Hammer?

  The, the bottom 50% shouldn't pay 1%?

• 1:21:00Speaker 03

  It's something like-

• 1:21:01Caleb Hammer?

  That's interesting you say that because you know the social programs that you love and you beg for that the entire European Union does. You know how they pay for it? They pay for it with a VAT tax. You know what a VAT tax is?

• 1:21:10Speaker 03

  What's a VAT?

• 1:21:11Caleb Hammer?

  Oh wow, so you don't even know how they pay for the social programs that you're begging for.

• 1:21:14Speaker 03

  Well, for their taxes.

• 1:21:16Caleb Hammer?

  But what's a VAT tax?

• 1:21:20Speaker 03

  Another type of tax.

• 1:21:20Caleb Hammer?

  This is pathetic. It's a national sales tax. So, overall, that is a le- less progressive tax than we have anywhere here. So, the poorest people over in Europe have to pay a flat sales tax to pay for the social programs that they benefit. They pay a higher percentage of their income to taxes as-

• 1:21:39Speaker 00

  This episode is brought to you by Google Chrome. You think you know a browser, but Gemini and Chrome, that's new. It can help you with practically anything on the web. Like restoring a vintage motorcycle from a 50-page restoration block. Or finally break down that long article you've had open for weeks. Gemini and Chrome is here for it. Ready to make anything online make sense? There's no place like Chrome. Check responses set up required. Compatibility and availability varies. 18+.

• 1:22:03Caleb Hammer?

  It's a national base to get those percentages. Where you say the bottom 50% shouldn't even pay 1%? No, if we were gonna mimic their systems over there, they would be paying much larger than 1%. You don't know what the [bleep] you're talking about. Pathetic.

• 1:22:17Speaker 03

  What am I talking about?

• 1:22:19Caleb Hammer?

  You just said the bottom 50% should pay less than 1%.

• 1:22:22Speaker 03

  I said that they are.

• 1:22:24Caleb Hammer?

  What?

• 1:22:25Speaker 03

  I said that the billionaires are not paying their fair share.

• 1:22:28Caleb Hammer?

  How do you define fair share?

• 1:22:30Speaker 03

  It should be relative to what they make.

• 1:22:33Caleb Hammer?

  Trust me, on what they make, income wise, they are paying their 40%.

• 1:22:37Speaker 03

  Well, but if they're saying that they only made 70,000 that year.

• 1:22:41Caleb Hammer?

  You're talking about their business? That's not what they make, that's their business, and that's relatively fair. If they're employing, investing a lot in R and D and new technology, you know, we have that tax structure for a reason. So people are investing in the United States economy. So they're building more products, so they're employing more people, which actually contributes more to the tax base overall in the end. Because when they employ more people, that creates payroll taxes on both ends, and it actually creates more income tax on the people making over six figures. That actually provides more money overall. Because if you collect all the money from all the billionaires in the world, we'd be able to fund our federal budget by what? I think a half a year? So we create more taxes by creating those tax structures and employing more people.

• 1:23:19Speaker 03

  Or unionize the top 10 ones.

• 1:23:21Caleb Hammer?

  Okay, you're just coming with a talking point. It's just like, what the?

• 1:23:25Caleb Hammer?

  What the was that? You have nothing to do with the point I said.

• 1:23:31Caleb Hammer?

  Anything there? Any rebuttal? What's the fair share then? So you don't think, you think when, um, okay. So my business, let's say I bring in a million dollars this year, and I spend $900,000. You think I should pay taxes on the total million dollars, not the profit of 100,000?

• 1:23:47Caleb Hammer?

  Because that's your argument. You know, that's the argument you're making, right? I should pay taxes on the total million, but not the 100,000 hour profit, even though I chose to invest $900,000 creating jobs? Because that's the argument you made. You think that should be the case?

• 1:24:01Speaker 03

  I think that we should reinvest in.

• 1:24:02Caleb Hammer?

  So you can't answer the question. You can't answer the question. Because that's what you're advocating for.

• 1:24:07Speaker 03

  I'm advocating for the top 10 corporations to be unionized.

• 1:24:11Caleb Hammer?

  You were just talking about paying their fair share, not unionization. Stay on topic. Learn how to stay on topic real quick.

• 1:24:19Speaker 03

  But.

• 1:24:19Caleb Hammer?

  No, no, no, learn how to stay on topic. I'm talking about the.

• 1:24:22Speaker 03

  You're talking about taxes, yeah.

• 1:24:24Caleb Hammer?

  Because you said it. You brought it up. You said they're not paying their fair share. Okay, so how are they not paying their fair share then? I'll let you answer again, now that we just went down that and you were.

• 1:24:34Speaker 03

  On average, the working class pays more in taxes.

• 1:24:39Caleb Hammer?

  No. No. No, I've already disproven that with the IRS statistics in terms of income tax.

• 1:24:49Caleb Hammer?

  They don't pay their first year. Yeah, let's just stick to that talking point and move on. She doesn't even know the percentage breakdown of who pays what. Go fuck yourself. So let's look at your documents. Costco card, what's going on?

• 1:25:00Speaker 03

  It's the highest card that I have.

• 1:25:02Caleb Hammer?

  Why? You make good money, why?

• 1:25:05Speaker 03

  Um, I've been paying a lot of mechanic bills. I put a lot of bills on, uh...

• 1:25:10Caleb Hammer?

  By the way, guys, I'm not even Republican. I just believe in lowercase l liberalism and sound capitalism and markets.

• 1:25:17Speaker 03

  I believe in unions.

• 1:25:19Caleb Hammer?

  Um, okay, what are...

• 1:25:21Speaker 03

  Strong unions.

• 1:25:23Caleb Hammer?

  There are lowercase l people that believe in unions? No, you believe in a lot more than that, and you can't back anything up. What the fuck, dude? But she, but what I was trying to say is she's making me seem like the most rude Republican in the world, and she's just a far extremist to the left, which is fucking crazy.

• 1:25:41Caleb Hammer?

  Whatever, they'll call me a fascist for this, that's how it goes. You think I'm a fascist?

• 1:25:46Speaker 03

  I think you're a centrist.

• 1:25:47Caleb Hammer?

  Actually, centrist? Well, thank you for acknowledging that. I appreciate that, because that is true. I go against right-wing positions all the time as well.

• 1:25:56Caleb Hammer?

  Okay, so $10,856.55. Um, yeah, I mean, you're spending a shit ton of money on this.

• 1:26:03Speaker 03

  Mostly repairs for my car slash house.

• 1:26:07Caleb Hammer?

  Do you own a house?

• 1:26:08Speaker 03

  Slash car.

• 1:26:11Caleb Hammer?

  What does that mean? You live in your car?

• 1:26:12Speaker 03

  Yes.

• 1:26:14Caleb Hammer?

  Is it here?

• 1:26:15Speaker 03

  No.

• 1:26:16Caleb Hammer?

  Oh, why?

• 1:26:17Speaker 03

  Because it's getting repairs, still.

• 1:26:20Caleb Hammer?

  Then why do you live in something that is depreciating asset that requires so much repairs instead of renting and letting the landlord take care of it?

• 1:26:26Speaker 03

  Because it wasn't always, you know, um, degrading in quality, but also...

• 1:26:32Caleb Hammer?

  You got a depreciating asset, you got something on wheels, it's gonna be degrading quality, and a landlord don't own it, so they're not gonna fix it. This is, again, a choice and a consequence of your choices.

• 1:26:42Speaker 03

  Yeah, it was my choice to be in control of my output as a person.

• 1:26:48Caleb Hammer?

  You have that choice every day with what you do.

• 1:26:51Speaker 03

  Well...

• 1:26:53Speaker 03

  This is me buying something-

• 1:26:54Caleb Hammer?

  You making your choice resulted in high credit cards.

• 1:26:58Speaker 03

  Mm-hmm.

• 1:26:59Caleb Hammer?

  Not a good choice.

• 1:27:00Speaker 03

  This is me avoiding, um, rent payments, you know?

• 1:27:04Caleb Hammer?

  That would be better, though. It would likely be less, and you wouldn't have max out credit cards for it with your income, especially.

• 1:27:09Speaker 03

  You can't move your rent.

• 1:27:11Caleb Hammer?

  No, you can break your lease, and sometimes that's not absolutely perfect, but then you're in it for a year.

• 1:27:15Speaker 03

  I don't pay rent, and I don't pay a car payment.

• 1:27:22Speaker 03

  And I don't pay insurance for a house, because I don't have a house.

• 1:27:27Caleb Hammer?

  You have car insurance.

• 1:27:28Speaker 03

  I have car insurance. I paid that once.

• 1:27:31Caleb Hammer?

  Well, you have to pay it again.

• 1:27:32Speaker 03

  No, I did a yearly.

• 1:27:34Caleb Hammer?

  So you have to pay it again.

• 1:27:35Speaker 03

  Next year.

• 1:27:36Caleb Hammer?

  Yes. You can do that with home insurance, too. And renters insurance.

• 1:27:41Speaker 03

  To qualify for buying a house.

• 1:27:44Caleb Hammer?

  You can do that with everything. Dude, you're so fucking stupid. This isn't all car shit.

• 1:27:51Speaker 03

  It is.

• 1:27:52Caleb Hammer?

  What's Plaza of the something?

• 1:27:55Speaker 03

  What was the charge?

• 1:27:57Caleb Hammer?

  Uh, it's, there's three in a row. 609, 1216, 17 something.

• 1:28:03Speaker 03

  Um, likely gas?

• 1:28:05Caleb Hammer?

  No.

• 1:28:06Speaker 03

  Or, um-

• 1:28:07Caleb Hammer?

  There are three in the same day. What was it?

• 1:28:09Speaker 03

  What day?

• 1:28:11Caleb Hammer?

  The 25th of April.

• 1:28:18Speaker 03

  I think that's like a gas station.

• 1:28:20Caleb Hammer?

  What were you doing? Three purchases? You're going in and getting some bullshit.

• 1:28:27Caleb Hammer?

  See, that's your choice again. You're not required to do that to survive.

• 1:28:30Speaker 03

  But-

• 1:28:30Caleb Hammer?

  Here, I saved your life. No more energy drinks from the gas station. Make them with Gamers Subs. They're delicious. Yum, yum, yum. 40 cents a serving with my discount code at Gamers Subs. Link in the description below. Get your free samples. Figure out what flavor you like, then get that tub, and it's 40 cents a serving with my 10% discount code. Why are you going in and getting some bullshit?

• 1:28:46Speaker 03

  So, gas stations also have, like, camper hookups, so that I can empty my waste. They also have oil- They also have antifreeze.

• 1:28:55Caleb Hammer?

  Sure, why are you going inside and getting some bullshit? Come on, because you did it the next day, too. You got some gas from Phillips, but then you went inside and got some bullshit. You do that constantly, and it makes sense, because you're living on the road. You're living an expensive lifestyle. Then, well, it's probably when it was broken. Lift, lift, lift, lift, lift, lift, lift.

• 1:29:09Speaker 03

  Oh, oh, I'm sorry. These, um-

• 1:29:12Caleb Hammer?

  I accept your apology.

• 1:29:14Speaker 03

  Um, I have, so my company makes me expense everything, um, so it's a lot of expenses for work.

• 1:29:23Speaker 03

  I don't take lifts personally. Those are work lifts.

• 1:29:26Caleb Hammer?

  Okay, so just the lifts. Then there's the Hilton Cafe. Autozone, that one's actually fair for your situation.

• 1:29:31Speaker 03

  Also work.

• 1:29:32Caleb Hammer?

  Okay, probably the airport as well, right? McDonald's probably not. Go yourself. Went inside, got some bullshit. Went inside, got some bullshit. Parking, parking, parking, parking. Might be work. Auntie Mays certainly ain't.

• 1:29:42Speaker 03

  What is?

• 1:29:43Caleb Hammer?

  Auntie Mays. Going to a restaurant, it looks like. You went inside, you got some bullshit again. Sweet teas. Went inside, got some bullshit. And went inside, got some bullshit. You're getting some bullshit. This is why you're so fixated on the minimum wage bags of chips.

• 1:29:55Caleb Hammer?

  Cause you go inside and get some bullshit all the time.

• 1:29:57Speaker 03

  I'm feeding myself.

• 1:29:58Caleb Hammer?

  Buddy. If you're gonna go remote, drive, drive, vroom, vroom around, get a hot plate. You have to be able to make willing sacrifices, or I'm not gonna feel sympathetic for anything. If you make all the sacrifices in the world and then you can't survive, that's when I'm sympathetic and I want us to step in with social programs. Food stamps, all that good stuff, okay? Even UBI maybe, who knows? But guess what? Not if you are choosing to live like this. That is your choice you made. It shouldn't be on us to save you then. Learn, fail, pick yourself back up, be an adult!

• 1:30:30Speaker 03

  These are like four dollar charges?

• 1:30:32Caleb Hammer?

  And they all add up. Death of a thousand cuts, lady.

• 1:30:35Speaker 03

  Yeah. I'm looking at five dollars, five dollars, six dollars.

• 1:30:40Caleb Hammer?

  Adds up.

• 1:30:43Caleb Hammer?

  You went inside, got some bullshit. Tello USA, Netflix, go fuck yourself. Not even good shit. YouTube, baby. Let's go. Okay, Tello's good. That's about as much as helium. I like helium. Fifteen bucks a line, so that's good. You got something like that. You went inside, you got some bullshit, and uh, Google one, that's fine, that makes sense. Kinda have to have that these days. Interest, interest, fees, fees, interest, fees, flex fees, bullshit. It's bullshit. You have a lot of flex fees on something toothpaste and showers?

• 1:31:11Speaker 03

  Yeah.

• 1:31:12Caleb Hammer?

  Tighten fuel tanks? This is your choice to pump this money into this vehicle.

• 1:31:16Speaker 03

  Cause it's my house.

• 1:31:17Caleb Hammer?

  So what is it? What are you living?

• 1:31:18Speaker 03

  An ambulance.

• 1:31:19Caleb Hammer?

  An ambulance. What is wrong with you? That shit must stink.

• 1:31:23Speaker 03

  No.

• 1:31:25Caleb Hammer?

  I wish it was here. I'd love to see it.

• 1:31:27Speaker 03

  I can show you videos. I'll give you the MTV tour.

• 1:31:29Caleb Hammer?

  Okay, I'll see.

• 1:31:32Caleb Hammer?

  Lots of interest, lots of fees, lots of stupid behavior, no shit. It's at 11,000 hours with a $619 a month minimum monthly payment. Like what the fuck? You have yourself.

• 1:31:41Speaker 03

  But you have to look at the Titan and the...

• 1:31:44Caleb Hammer?

  That you chose to do for your lifestyle.

• 1:31:46Speaker 03

  For my house.

• 1:31:48Caleb Hammer?

  Yeah, but you're putting it on a credit card that is accruing interest and plan fees.

• 1:31:50Speaker 03

  But I...

• 1:31:51Caleb Hammer?

  You had chose this.

• 1:31:53Speaker 03

  That I was getting that severance. That severance was the cost of those repairs.

• 1:31:57Caleb Hammer?

  Okay, and then you chose to get your job back. Like, okay, you did that.

• 1:31:59Speaker 03

  I didn't choose to lose my job.

• 1:32:01Caleb Hammer?

  You chose to get your job back and go back and negate your severance, though. Which, by the way, makes more money over the long term anyway. So you should be able to make it work, but you didn't. You put it on there.

• 1:32:10Speaker 03

  What should I have done?

• 1:32:11Caleb Hammer?

  I'll get you an accounting certification through CourseCrews and maybe you can learn. A lot of people out there have converted them into six-figure jobs, okay?

• 1:32:20Speaker 03

  Should I have opened a loan?

• 1:32:22Caleb Hammer?

  You got laid off and you chose to go take a little trip to Japan. I don't think you went, but you made that choice. You do those choices. You got laid off and you're gonna go take a trip to Japan. You are making the life choices. You're not a victim. Show me. It might be cool. I might actually like it. Doesn't mean you can afford it, okay?

• 1:32:39Speaker 03

  I make it sideways.

• 1:32:40Caleb Hammer?

  Okay, I know how to make a phone work.

• 1:32:43Speaker 03

  Well, I was just... Well, maybe you don't like Android. There you go. Here it is. Double back doors. We got a side door, but I'll take you through the cash in here.

• 1:32:56Caleb Hammer?

  You have a stove. Cook! You have a stove and an oven. Cook! That toilet shower situation's weird. You must have a nasty... Okay, this personal loan...

• 1:33:10Speaker 03

  Yep.

• 1:33:11Caleb Hammer?

  Is, uh, $10,937.14. So what's this personal loan for again?

• 1:33:19Speaker 03

  Ambulance. Whambo!

• 1:33:21Caleb Hammer?

  Okay, so again, you chose to take this out. This could be a year's worth of rent. And it's at a high 15.49% interest rate. This was your choice. I can't be sympathetic. It's pathetic.

• 1:33:36Caleb Hammer?

  Oh, okay. Amtrak?

• 1:33:38Speaker 03

  Yep, the train.

• 1:33:39Caleb Hammer?

  No, I know. I like trains. I am very pro-high-speed rail, by the way.

• 1:33:45Speaker 03

  I love that.

• 1:33:45Caleb Hammer?

  California is a complete failure.

• 1:33:47Speaker 03

  It is.

• 1:33:47Caleb Hammer?

  And proves that we cannot do it, and most of those...

• 1:33:49Speaker 03

  Can't do it.

• 1:33:50Caleb Hammer?

  Well, no, they have proven they can't. You know who proved they can? Brightline, Florida, private.

• 1:33:55Speaker 03

  I raise you the RTD Denver, and it's free two months a year.

• 1:34:00Caleb Hammer?

  Wow, two months a year?

• 1:34:01Speaker 03

  Yeah.

• 1:34:01Caleb Hammer?

  How is it? What percentage of people... What's its ridership percentage?

• 1:34:04Speaker 03

  I don't know.

• 1:34:05Caleb Hammer?

  Okay, come on. Then you can't raise that as a point.

• 1:34:08Speaker 03

  Why not? Isn't it not important to point out that it's free two months a year? The most profitable time of year as well?

• 1:34:14Caleb Hammer?

  Okay, the Miami one's free as well, all year, so like what?

• 1:34:17Speaker 03

  It is?

• 1:34:18Caleb Hammer?

  Yes.

• 1:34:18Speaker 03

  I didn't know that. I've never been to Florida.

• 1:34:20Caleb Hammer?

  It's also good to collect fares. They do that in every successful, actually, public transportation system in the world. It prevents antisocial behavior on public transportation, and it increases ridership and maintenance and funding. Fares are good. Low fares. Free's not good. It's never been proven to work and benefit a system once.

• 1:34:39Speaker 03

  Working really well in Denver.

• 1:34:41Caleb Hammer?

  Is it? What's its percent viewer/ridership? Let's see.

• 1:34:45Speaker 03

  It's so big that they're actually expanding to bigger, include more cities in the northern Colorado area. They've been working on that part for like, a couple of years now.

• 1:34:56Caleb Hammer?

  Great. Okay, well, you don't know anything on this, so I don't really care. So this is your annual fee, whatever. I mean, Amtrak kinda sucks.

• 1:35:05Speaker 03

  Oh, well, the credit card gives you free rides.

• 1:35:08Caleb Hammer?

  Okay, great. You can get across the country in four days.

• 1:35:11Speaker 03

  Well, I'm usually... When I used it most, I would...

• 1:35:14Caleb Hammer?

  Man, this one, this balance on this Elevations credit union went up

• 1:35:18Speaker 03

  There's a small thing.

• 1:35:19Caleb Hammer?

  From 1,882 to 3,731. Why? Why are you doing this to yourself? You put the risk on your head. You make it so that you can't do as much as you want. This prevents you from going out and doing the things you want to do.

• 1:35:34Speaker 03

  So.

• 1:35:35Caleb Hammer?

  From putting out risk.

• 1:35:36Speaker 03

  I wanted, I called my bank and tried to consolidate and they.

• 1:35:40Caleb Hammer?

  You shouldn't.

• 1:35:41Speaker 03

  Why not?

• 1:35:42Caleb Hammer?

  Cause you haven't changed your behavior that got you here in the first place. If you have this debt and you consolidate it into this debt and this went to zero, but the balance is still up here, you'll all of a sudden build it up to here without changing your behavior. That means double the debt. You should never consolidate. We have consolidation in personal loans and great things on Calebhammer.com for people that have proven they can. You can use that later, but only after you change your behavior and you haven't.

• 1:36:04Speaker 03

  But the most of my debt is mechanics.

• 1:36:08Caleb Hammer?

  Doesn't, doesn't matter what it is. It's still behavior. You chose to do the behavior that got you there in the first place and it's still not anyway.

• 1:36:13Speaker 03

  That's like getting mad at people for getting sick.

• 1:36:15Caleb Hammer?

  Cause you went to a vending machine, uh, summer house organization.

• 1:36:17Speaker 03

  That's like getting mad about people for losing their, their AC or their heating or their water.

• 1:36:20Caleb Hammer?

  Yeah, but they shouldn't put, well, no, no, no, it's not because you chose to go into this van life.

• 1:36:25Speaker 03

  That's like buying a house, right? When you buy a house, you pick up the risk of owning a house.

• 1:36:29Caleb Hammer?

  Exactly. And you shouldn't get into a house without a proper, full, fully funded six month emergency fund. So yes, I agree with that point. It's not like rental. It's not like an AC break necessarily. You chose to do the van life. Now you're paying for it and you will still have that behavior. You're door dashing. Uh, Marriott, United, DoorDash, American, American.

• 1:36:46Speaker 03

  Forward.

• 1:36:46Caleb Hammer?

  Yeah, but you're still putting it on a credit card that you are not paying off that is accruing interest. You put double torso, then you put on it.

• 1:36:52Speaker 03

  Again, those are, these are all work related charges. I travel for work.

• 1:36:58Caleb Hammer?

  Hibaska Furniture, doubt that was reimbursed. Green Lady Lounge, Chipotle, Chipotle, some King Restaurant, coffee, DoorDash, again, getting into bullshit. Jimmy John's, Trail Brewery, Device Pros, 54th Street.

• 1:37:13Speaker 03

  That was my phone.

• 1:37:14Caleb Hammer?

  It's bullshit. Okay, okay. That doesn't make any sense because what, what do you mean? Your phone was on another card.

• 1:37:21Speaker 03

  No, no, my, my phone screen broke. I had to replace the phone screen. That's Device Pros.

• 1:37:26Caleb Hammer?

  Fees, interest, it's all bullshit. This is stupid. It's been a fun conversation so far. Hopefully people like it and are watching. It's a very different one, but I've enjoyed it. I've made either an enemy or a friend. A lot of enemies or friends out there. I don't know yet. We'll figure it out.

• 1:37:42Caleb Hammer?

  Uh, where's your checking account, dude? Or was this, this is your checking account? Okay. You went inside, got some bullshit, went inside, got some bullshit, got like a thousand five hundred. Went inside, got some bullshit, went inside, got some bullshit. Withdraw, withdraw, Venmo, Venmo. Okay, so what is actually? Where's your money? Where's your savings? You said you had savings and retirement and stuff.

• 1:38:04Speaker 03

  I can show you my, um.

• 1:38:06Caleb Hammer?

  Just tell me what's in it.

• 1:38:07Speaker 03

  Um, so when I checked, it was like, well, at its peak, it was.

• 1:38:13Caleb Hammer?

  What's it at today?

• 1:38:14Speaker 03

  I think it's nine point eight.

• 1:38:16Caleb Hammer?

  Thousand?

• 1:38:17Speaker 03

  Uh huh.

• 1:38:17Caleb Hammer?

  Halfway decent. What's it invested in?

• 1:38:20Speaker 03

  Um, it's invested in net and AMD.

• 1:38:27Caleb Hammer?

  Net?

• 1:38:27Speaker 03

  Mm-hmm.

• 1:38:27Caleb Hammer?

  Oh, individual stocks? Why? Why not low-cost index fund or a retirement target date fund?

• 1:38:33Speaker 03

  I just wanted to choose my, the stocks that I invest in.

• 1:38:37Caleb Hammer?

  And it'll be our fault if you don't retire, right?

• 1:38:39Speaker 03

  But, I mean, I'm out, I'm beating the S and P by a lot. S and P's doing twelve and I'm doing eighty-five.

• 1:38:45Caleb Hammer?

  On average, it hasn't done twelve this year.

• 1:38:47Speaker 03

  Right.

• 1:38:48Caleb Hammer?

  But even still, you, you gotta, you, long-term is what matters.

• 1:38:52Speaker 03

  Yeah, I can show you.

• 1:38:53Caleb Hammer?

  Long-term is what matters. The next forty years of your life, not one year, not one snapshot. Are you gonna trade in and out?

• 1:39:01Speaker 03

  No.

• 1:39:01Caleb Hammer?

  Of those stocks? Okay.

• 1:39:03Speaker 03

  I was gonna just hold.

• 1:39:05Caleb Hammer?

  Okay, your debt minimum to payments. You're holding till retirement. You believe in AMD until you retire. And next, or whatever you said? Uh, your minimum to payments are one thousand one hundred eighty-three dollars and fifty-eight cents. Okay, uh, so you don't have rent. But you don't have a payment on the ambulance, right? No, you do. That was a personal loan?

• 1:39:27Speaker 03

  Mm-hmm.

• 1:39:27Caleb Hammer?

  No, I mean, I see it. That doesn't change the point of what I said.

• 1:39:29Speaker 03

  Oh.

• 1:39:30Caleb Hammer?

  Um, okay, but no, you don't have a savings account.

• 1:39:34Speaker 03

  I, I have a little bit of savings.

• 1:39:36Caleb Hammer?

  How much?

• 1:39:36Speaker 03

  Like a thousand.

• 1:39:37Caleb Hammer?

  Kill myself. Okay. So you don't, or what's your gas? Your gas, vroom, vroom, drive, drive, that you have to spend? Because that's like your rent, essentially, that and the insurance.

• 1:39:47Speaker 03

  Well, the insurance, I only paid once.

• 1:39:49Caleb Hammer?

  I know, but you gotta save for a monthly to pay for it next time. Come on. How much was, what was your yearly insurance?

• 1:39:54Speaker 03

  Three hundred.

• 1:39:55Caleb Hammer?

  Okay, pretty good.

• 1:39:58Caleb Hammer?

  Very good. 25 bucks a month? Not bad. Okay. Gas, room from drive, drive, come on.

• 1:40:05Speaker 03

  Like 300 on a full tank?

• 1:40:07Caleb Hammer?

  Phone bill. Well, it was like 15 bucks, right? Then you had a second payment.

• 1:40:10Speaker 03

  It's huh?

• 1:40:11Caleb Hammer?

  You had a second payment on a different card. What was that all about?

• 1:40:15Caleb Hammer?

  Your phone service was on one card and you had like a phone payment on another card?

• 1:40:17Speaker 03

  It was the screen. I replaced the phone, the screen on.

• 1:40:20Caleb Hammer?

  You still owe on it?

• 1:40:21Speaker 03

  No.

• 1:40:22Caleb Hammer?

  Okay. So 15 bucks a month?

• 1:40:24Speaker 03

  Yeah.

• 1:40:25Caleb Hammer?

  Okay.

• 1:40:26Speaker 03

  Well, it's 25.

• 1:40:28Caleb Hammer?

  Oh, okay.

• 1:40:28Speaker 03

  Sorry, not to nitpick. I know we're counting every penny.

• 1:40:30Caleb Hammer?

  No, this does matter to nitpick. Utilities and stuff, you plugging in, you're like parking places and stuff, how much should we spend a month on that? You parking places and whatnot?

• 1:40:39Speaker 03

  Um, I mean, I don't really have to pay for parking too often, um, but.

• 1:40:44Caleb Hammer?

  Getting like water and shit to maintain this, how much? To maintain the bus?

• 1:40:49Speaker 03

  Like 50?

• 1:40:52Caleb Hammer?

  Okay, not bad. Groceries, you're gonna do 300 bucks because you have a stove and you just learn to cook, please. Make sandwiches. It's so basic. You have to do this for the sake of your future. Just do it. You can give more money to every little organization you want. Okay, think about it like that. You're being selfish if you don't. You're being selfish if you don't because then you can't give more money to people. TP fund, anything else you need to survive in there? Uh, either tampons or condoms, I still can't tell. 200 bucks will go there. Medical healthcare copays? On a basis, I'm sure you have a lot of therapy.

• 1:41:20Speaker 03

  Nope.

• 1:41:21Caleb Hammer?

  Oh, you need it.

• 1:41:23Caleb Hammer?

  Okay, gym?

• 1:41:25Speaker 03

  Nope.

• 1:41:26Caleb Hammer?

  Okay, subscriptions I'll give you. I'll try 50 bucks. A little life on the road thing. No pets, right? Wouldn't mesh with your life. Anything else that needs to be in your budget that's not there?

• 1:41:37Speaker 03

  Well, I have to be able to afford whatever my work expenses and my last work travel was 1K.

• 1:41:44Caleb Hammer?

  How quickly do they expense it? Back to you.

• 1:41:46Speaker 03

  Two weeks.

• 1:41:47Caleb Hammer?

  Okay, then you should be, you should be relatively fine.

• 1:41:51Caleb Hammer?

  You just need to make sure you have the balance in your checking account. They actually do. I wouldn't put it on a credit card that are getting fees and interest added to it. That doesn't make any sense. Why pay

• 1:42:01Caleb Hammer?

  for them to cash advance you? It's a little silly. Okay, so I'll actually give you some fun spending. Not much, like 70 bucks.

• 1:42:09Caleb Hammer?

  Okay. Yippee. You get to go out a couple of times a month.

• 1:42:13Speaker 03

  My, my problem-

• 1:42:14Caleb Hammer?

  Please, this gives you an extra thousand dollars a month. We can make so much progress. Please, please don't be a, please, please. What? What? What are you gonna fight me against? What?

• 1:42:22Speaker 03

  It's, I mean, I, I'm just, it's just the mechanics.

• 1:42:28Caleb Hammer?

  Huh?

• 1:42:29Speaker 03

  The mechanics that have charged me, that's the bulk of my pay, like the bulk of my debt. Yeah.

• 1:42:35Caleb Hammer?

  I know. Good. That's in your minimum payments.

• 1:42:38Speaker 03

  Okay.

• 1:42:39Caleb Hammer?

  Does that matter?

• 1:42:39Speaker 03

  No. It, it's just how I got here.

• 1:42:42Caleb Hammer?

  Okay. Well, no, you could pay it off quicker if you weren't, so you were spending a shit ton of bullshit. Hundreds of dollars a month. Hundreds of dollars that could go towards the cars that would pay them off quicker. No, it isn't. You spent more than you made. That what, that's what put the balance on there initially, but what's preventing you from-

• 1:42:57Speaker 03

  I went several weeks without-

• 1:42:58Caleb Hammer?

  What's preventing you from, I don't care. What's preventing you, if you're going weeks without pay, then why are you going out to eat? You're, you're not making it make sense.

• 1:43:05Speaker 03

  Well, you don't have the statements from when I was-

• 1:43:08Caleb Hammer?

  It doesn't matter. You're spending hundreds of dollars a month in bullshit. Don't input it towards paying off the debt that sucks you got in the first place. And you know why you have the mechanic debt? Cause you chose to live van life. Okay? That's gonna come with it. These are your choices. Live with them. Brother, stop being a victim. Can I tell you how long it's gonna pay off your debt? Cause that's actually what matters. It takes 17 months. That's not bad at all. It's a year and a half.

• 1:43:32Speaker 03

  I know.

• 1:43:32Caleb Hammer?

  Do it and you're done. Stop spending hundreds a month of bullshit. But the hundreds you spent, this takes, if you only spent on that bullshit, the hundreds a month of bullshit, it takes you almost like four years to pay off your debt. Make it a year and a half. Be an adult. Okay?

• 1:43:48Caleb Hammer?

  Sake.

• 1:43:49Speaker 03

  I believe it's totally possible. My bank even agreed-

• 1:43:51Caleb Hammer?

  The math says.

• 1:43:53Speaker 03

  Yeah.

• 1:43:53Caleb Hammer?

  So it doesn't matter.

• 1:43:54Speaker 03

  So the, my bank told me that they wouldn't work with me for that consolidation. And I see that you're telling me that-

• 1:44:01Caleb Hammer?

  You don't need a consolidation. Just pay off your debt.

• 1:44:03Speaker 03

  Exactly.

• 1:44:03Caleb Hammer?

  Then go to CalebHammer.com if you need a consolidation in the future. Ladies and gentlemen, get your Hammer Financial Score there. Let's get our Hammer Fin- Their Hammer Financial Score. Again, I really do apologize sincerely on that. Spending in a budget. You overspent zero out of 10. Debt? No collections? Bad. Reasons for the debt, two out of 10. Merchandise fund? There's a thousand hours, one out of ten retirement. Yeah, I'll give you a five out of 10 for your age, 25, four out of 10. Getting started, you want to be about one times income by the time you're 30. Real estate score, I will give you zero because you don't have real estate. And no, that vehicle does not count. That goes against your debt that you owe towards it. And that's why I give you a two instead of a one.

• 1:44:42Speaker 03

  Yeah, I was really shocked that my bank wouldn't accept it as collateral.

• 1:44:46Caleb Hammer?

  Hammer, why would it? Hammer Financial Score, 1.5 out of 10. Get yours at kahlehammer.com. Join us. It's gonna be a while. You've seen how wild this one is. It's gonna be even more wild in the post show. Uncensored, three premium shows posted every single day, six days a week. Join on YouTube by clicking that join button or link in the description below or download Hammer Elite or go to hammerle.com, wherever you want to do it. Hammer Elite, same on both platforms. Love you either way, see you in the post show.

• 1:45:07Speaker 03

  I haven't paid my taxes yet.

• 1:45:09Caleb Hammer?

  You haven't paid your taxes. You haven't paid your taxes. You're a taker, not a giver. You're a champagne socialist. You live it up. You don't pay a single thing in taxes to actually go to the social programs. Then you're saying people need to go pay more money. You don't even know.

• 1:45:22Speaker 03

  I'm not paying for imperialism.

• 1:45:24Caleb Hammer?

  Hammer Elite is the best YouTube membership on the platform and I just upgraded it. Three exclusive dedicated shows every single day, Monday through Friday. Join with the link in the pinned comment or description below. This is the best membership you'll ever join. That's a promise.

• 1:45:42Speaker 06

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