E556 Caleb Hammer

41:38Oh, yeah. I was talking to Lil Boosie one time. He's a rapper, if you're not familiar with him. And he was talking about how, like, the hardest thing to teach is your hustle to your children, right? Like, your same energy for, like, if you didn't have certain things growing up, he's like, it is so hard to transfer that energy to your children. Absolutely. And at the same time, want to give them just, you know, the basic needs even, you know. and the basic needs sometimes will be fancier because there you have more money to spend um take me through a couple of examples if you can uh caleb of like um gen zers or millennials and some of the issues like just specific things that they showed up with on your show um okay yeah i mean we had uh this is a couple we just talked because it's so entertaining like this is what one thing that's so great it's like it really is it's just like yeah it's a financial jerry springer and it's so funny that you had already coined that term for you for you guys selves well people use it as an insult but it's not so i just accepted it i don't think so at all i think as long as people are actually getting help and we connect them with resources and they a million percent know what they're getting into i think it's just like the most fun thing ever and then they have fun then the audience has fun and what's crazy is like we could sit down and we could just like do the most boring finance content ever and 50 000 people watch it or something and some people learn something or we could do this like true real show that is also just also really entertaining hundreds of thousands millions of people watch it and then we've calculated about 20 000 people at least have which is based on comments and things have gotten out of debt saved for an emergency fund have actually changed their life just because of watching this show that has gotten to them that they're interested in yeah and i think it's almost you you i can almost see this happening where we will get to like to catch a predator videos of like you pulling up on somebody or not even you just the way society is right because you're kind of at this perfect section of like capitalism and like voyeurism right okay where i could see they're almost being like a to catch a predator of somebody like buying something that they can't afford and you pull up on them on the spot you know it's almost like you're catching them in a transaction yeah and it's like you know you can't afford this man what are you doing you know chop up their credit card on the spot yeah totally yeah like i i just i i feel like that that's where we're headed you know um some people could use it oh for sure yeah oh for sure there's someone walking around a mall right now that should not be in there that um is pretending you know to probably has empty bags in their hands that weights in them yeah some very light weights or old clothes and it's just pretending this illusion of like living in some fantasy you know well honestly like cities like austin and i've you know nashville is kind of similar in austin so i wouldn't be surprised if Nashville as well.

44:22It's like the richer someone looks likely the poorer they are because they're really compensating, you know, driving a slightly nicer car, nicer clothes. They're usually in mountains of debt where you just have a dude like Zuckerberg. Well, now he looks a little, you know, he's gone carrot head and everything or broccoli head. But, you know, before he looked like he was like poverty, but he's a billionaire. So, yeah, that's a compensation. Yeah. He kind of has that autism billionaire vibe, you know, which I think is like kind of the new a lot of billionaires are autistic now you know it's like the new thing you know um so who knows what they're gonna do some of them he looks like he doesn't even eat or anything could you haven't could you imagine him eating a meal i couldn't yeah so he's gaining man he's getting those gains i i know i'm not saying he's not healthy or something i just think it's very he he gives off a computer energy to me sometimes um i mean look up that surfing photo the i mean dude that's a good point dude Dude has a dump truck, you know?

45:18You don't get that not eating. There it is. Look at that thing. Good for him. And he's in white face there, so obviously they were reprogramming him or something. You know, and they had to put his face in the shop for a week or something. No, certainly an amazing creator, but I do think there's this very strong link between autism and technological advancement that I think we'll figure out in the future. That'd be nice. I think I have a bit of autism. but probably not enough tism to get to the three comma club yeah yeah it's a bummer yeah it's okay but still you get grace with a little yeah the two comma club yeah oh i beat it i barely beat it you know and they said it was very close in our area um can you take me through a couple of examples just so just so um my listeners can know like some of the stuff that's on your show right yeah i mean do you want them to pull up some shorts even um yeah i mean i know we have a couple um Oh, sure.

46:15We were just talking to this couple. They're both, okay, trying not to get canceled, I guess, lesbian couple. Oh, no, we know what lesbians are.

46:31They're obsessed with Disney. Lots of Disney adults are. And they're Gen Z, and they are obsessed with birthday months. I hear birthday months so much with Gen Z and girl math. What is your birthday month, that thing? birthday month so you have to celebrate so for their birthday month they spent two thousand dollars on disney exclusive passes and then went to disney world spent a lot of money on that then they're going to disney world two times next month and then one time in the summer for different birthdays different birthday months and they spent what did i have i had twenty one thousand dollars in one month when they make seven thousand dollars a month and what is it it's not like on like is it like lessons to talk like characters like how far like what are they getting into i don't know they live in Arizona and they drive to LA to just have their little special birthday month.

47:15This is their birthday. I can go into debt and fuck my life. It's my birthday. Oh, I see. So something as simple as your birthday, they can go 20 grand in a day. Yeah. Right. The whole month. Let's see this right here. And this is something. Two Disneys in these last couple months. Two Disneys next month. You guys are literally poor. We only went for one day in November. You still traveled there. Bought a quillion dollars of food. Took our nephew for his birthday. His birthday. And then we If I hear one more thing out about lesbians and their nephew, you know His birthday, I don't give a shit about birthdays.

47:47What is this obsession with birthdays? How are you guys getting there from Mesa? Getting one It's in LA so it costs money to get there Yeah, we drive We drive there So you're getting places to live? Does it cover the place to live when you're there? Nope So you're spending money to spend more money? Yes Do you get the free food while you're in there and free drinks? No, we pay for that too separately What the fuck are you talking about? 10 % off merch. Got it. This is not fucking crazy. So, yeah, it's like you would think especially you can find deals nowadays where they probably could have got some free food vouchers or something like that.

48:19Yeah. Yeah. Yeah. Or just stayed off campus and, you know, went. I'm okay if they go like once a year. They have like five planned trips already for Disney. And what does that give them? I think strippers and lesbians love Disneyland, right? I noticed that. Lesbians also love this. It's our nephew's birthday, right? Because for a lot of lesbians, it's probably as close as they'll get to having a child, right? Just because of science, math, or whatever. And nowadays, that's changing some. But for a long time, a lot of lesbians are like, we got to get our nephew, you know? It was like, that's like the biggest, craziest thing, you know?

48:54So I think there's a lot of nephew obsession in the lesbian community as well, you know? Yeah. But that's a lot of money on Disney. Yeah, it is. And not much return. You get a return, but you're an adult also. Yeah. But unlike most lesbians, I think they're going to last forever, though, because they're on the same page. And usually couples that aren't on the same page about money, that's where they divorce. But them, they're on the same page about wanting to ruin their lives for Disney. So it's OK. They'll be fine. Yeah. They need to have a Disney. Now, I wish Disney had a hostel or kind of like a Section 8 area.

49:31Yeah, they should. Because that would be very magical if you ended up in the trenches. Yeah, instead of the monorail, you get a little spray-painted one. Just a little sketchy. Someone tweaking out in there. Yeah, but it has somebody's foot like Elsa likes to fuck on the side or something. Or just spray-painted some wild shit on it. That could be kind of interesting. Okay, so you're talking to people that are wasting too much money. Usually. Lots of debt. Okay, a lot of debt. What are some other ones that you're seeing? We had this dude. Frustrated incel buys women instead of dating was the title.

50:06he went into 8 ,000 hours of credit card debt just so he could go to strip clubs. He sacrificed eating so he had more money to go to strip clubs. Wow. 2 ,000 hours a week on strip clubs. And his quote was, I'm a Sigma male. I can just go to the strip club and get some booty that way. I guess it's easier for him. He was a little disappointed, though, that he couldn't lick or bite them, though. That was his one complaint. Okay. so he's not he did he didn't get the um fluid pass or whatever i don't know what there's a that was another one of our guests that got the fluid pass wow yeah yeah well strippers is that age old kind of bait and switch it's the illusion you know that's why they always catch men like masturbating in their cars outside of strip clubs because they're you know they've built up this whole illusion um that's a lot of money to spend on stripping now i do i respect the fact that he was going without eating though yeah a lot of people are just like yeah i'm gonna snack and whatever and still waste this money yeah he picked it up in the military i guess that's what they're all doing overseas visiting strippers and stuff i guess that's how they made it through dieting and visiting strippers yeah i could see that um there was another one you had what was the one um bring up one of the ones that we had pulled up the guy in the red suit was an interesting guy I took the loan out to fund my emergency fund.

51:29Where's this emergency fund today? I saw about a thousand dollars. Stop it real quick. So this guy took a loan out to fund his emergency fund. Yeah, like 20 % interest too. By the way, dropped from 2 ,500. I spent some of it. On what emergency? Learning how to do hair extensions. Okay. That's an emergency? I wouldn't say it's an emergency. What do you think an emergency fund is for? I took the money out of the emergency fund to buy a class for it. extensions the interest rate on this is 28.64 yes wow okay so originally it wasn't for the emergency fund i just thought that that would be a good idea okay so let's stop it there so this is the kind of stuff that you're running into absolutely all the time and this is a young man he took money out at 28.64 interest to learn hair extension lessons and that was considered an emergency well first the fund is emergency fund so he takes out 28 even though like the best thing you get in Now high yield savings is 4 % right now, something like that.

52:27So you're losing a net 23%. But even still, then he just drains it from the emergency fund to learn hair extensions, which invest in yourself, invest in your skills. We like that. Right. At 30%, I don't know. No one would say go get a degree for 30 % interest. So learning hair extensions of that doesn't make sense. But he wants to move to Thailand to escape it, though. So I think that that's his out. To escape the debt, you mean? To escape capitalism. is what he specifically said. Do you see a lot of that? I'm going to fly away to another country. That seems like a very fairytale type of energy.

53:01Honestly, no, surprisingly. A lot of people, when they just get overwhelmed by their finances, they really just put their head in the sand and they just forget about it until it all comes and bites them in the ass. That's usually when they come on our show. They realize they've had too much and they watch one of our episodes and they're like, oh shit, I got to apply. And that's when we usually see them is when they've realized it's too much and they're in the most dire situation, but they haven't fully awakened to why. So they're still defensive on things. I'm sure they're nervous on camera. They're just normal people off the street, but that's why they're still defensive and they're trying to understand what is going on.

53:34And there's lots of cope talk, lots of cope talk across the table from me. And what does cope talk mean when you use that term? Yeah, just like, I was allowed to do it. It was my birthday month. It's okay. Excuses. Yeah, it was okay to go to school for 12 years and take out private student loans to pay for an expensive apartment. I was just trying to survive. So a lot of people trying to, it seems like, deflect the reality of the world. Yeah. Like, what can I do? What class can I take? What school can I stand longer? What can I do to not have to face the fact every day that I have to be the one to survive myself?

54:15Absolutely. And I was there too. It just takes that moment. It takes that moment for everything. Totally. I haven't hit it for going to the gym or dieting, but it takes that moment for plunging into the deep end. There's usually something. For me, it might be a heart attack. But for my finances, it was, you know, shit, I can't pay this month's rent. I'm continuing the cycle of foreclosure notices. So they usually find their moment, but they just don't know why things are bad. But that's when they come on. We meet them at the bottom. Usually some need a little further to go. And that sucks to see.

54:47Yeah. That sucks to see. But people that have come on our show, though, the median guest pays off$10 ,000 in 10 months. So it does work. Like it works really well. They just need that wake up call, a little of that adult moment where it's the first time someone's given them like the real shit without just trying to skate around. Yeah, because then also after you have a piece of reality that's really like a moment. These are real moments with people who have made some mistakes or we've all been there. I mean, I remember I had a cell phone. I was like, I'm not paying Verizon. They don't know me.

55:21That was my thought. These fuckers don't know me, right? And I was on a bicycle at the time. You know, I was on my bike on the cell phone, you know, just eating up minutes or whatever, just running up a tab. And I was like, these motherfuckers don't know who I am. You know what I'm saying? I'd like to see them come get this fucking money, right? And my friend's house who I was living at, his dad was like, get fucked, pay the shit. yeah you know and then i i think that's when it started hitting me like oh shit it hit my credit right next i didn't know i had credit i didn't know i had credit until they called like hey your credit's bad i'm like what is it yeah and like your credit and i was like yeah dude put him on and they're like no your credit's bad and they're like you owe 1100 dollars to verizon i thought you could just run away from it you can't but that was like kind of a bottom for me i was like oh shit is really real right so i think moments like this are really real to people and then you have a gentleman here who seems to be kind of fluid sexually fluid i'll say maybe i have no idea he's dressing up like he kind of has a look of he's like the arch nemesis of like the monopoly guy or whatever right or kind of like a christmas sort of like a oh yeah like kind of like a um carmen san diego yes yes yes like hey like like kind of like carl san diego right yeah so I feel like he has this like, and it's a good energy.

56:41I like it. So obviously he's, he's brave to do, to have his own vibe, right? You can tell that, right? He's confident, confident. He's a business owner. This guy. He is. Wow. Wannabe business owner. I want to be business owner. But then he also has this emergency fund. And I think a lot of people sometimes when they, they'll create an emergency fund. A lot of fluid people will be very like, you know, like, oh, you're this jacket doesn't fit. It's an emergency. You know, the emergencies can be very, it's like, is that a real emergency type of thing? They see it as a pile of money. Yeah. And that pile of money needs to be spent, of course.

57:16Yeah, yeah. Honestly, though, that's still a better mindset than where a lot of people come to. A lot of people will come on the show and they really haven't heard of emergency funds. And they say their credit card is their emergency fund. And that's, I mean, well, again, he took a high interest loan for it. So I guess that's pretty similar. But at least he understood he needed an emergency fund. And some people think if anything happens, you put it on a credit card. Now, a lot of people don't have an option. So they do do that. But then, you know, we try to help them pay off the credit card as quick as possible.

57:47What do you see a lot of is there a lot of flexing still? Like, I know that's a thing where people like I'm going to appear this way. Absolutely. Is that a big thing you're seeing still with like millennials and Gen Z is like the appearance of things? Or some people more go into like the emo hole of like, I don't have anything. I have nothing. I live in a Chipotle deep inside of a Chipotle type of vibe. No, there's still lots of flexing and lots of cope spending too. The flexing, I mean, we have people come on with, you know, that outfit I think was a couple thousand bucks. No way, really? Yeah, it was very expensive.

58:18I didn't think it was. But even he had red sunglasses too. They were like a few hundred bucks. It was crazy. Hats like that. Those hats are kind of costly, I know. Yeah. I mean, we've had a dude come on with, you know, crazy rings on every single finger, but he had nothing to his name. I remember he had kids and they were basically growing up in poverty, but at least he has the rings. So there's always lots of flexing. People care about what the person next to them at the stoplight thinks about their car. Yeah. You know, even though that person will never remember them 30 seconds from then. Yeah.

58:48I've had lots of people that I talk to where I try to get them out of a$40 ,000 car loan when they make$30 ,000 that they can't afford. And I'm like, let's just try to get you into a$10 ,000 car. And then they scoff a$10 ,000 car. like I'm going to be seen in a$10 ,000 car. That mindset's kind of gross, honestly. Right, because you're not living in your own reality then. It's like, yeah, I think that was a blessing about having a shitty car when I was a kid. I earned the money. I bought the car. It was a piece of shit. Someone stole the passenger seat. But I drove it, you know? People would get in and just had to get in immediately into the back seat.

59:25Yeah. You know, but it was like I drove, but it was... Well, you learned the value of it. Oh, yeah. And that's the important part. So many people that can just lean on others and especially those get it. We see so much enablement where they get into a hard time, but then their parents bail them out. There's nothing wrong with the heart of wanting to help someone out, but they never learn their lesson. And then they never understand the value of a thousand dollars even or just a dollar, just a dollar. But like there's so many instances where I'm talking about three hundred dollars that they're spending on something.

59:55And that means nothing, nothing to them. Like three hundred dollars isn't a lot of money. when it could be make or break for these people just making a necessary payment, avoiding a repo. But then$300 is nothing to them. They just don't understand the value of a dollar because they never had to. Because you had that car, you had to put money into fixing that car probably multiple times or being terrified of it just bottoming down the street. You understood the value of it. So you're not just like being disrespectful with your car purchases going forward. You understand it. Yeah. Are you ready to optimize your nutrition this year?

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1:02:57Are there a lot of get rich now type of energy out there? Oh, yes. Is there? And that kind of goes back to TikTok and YouTube. Yeah, take me to some of that. What do you think? What is some of that? That's crazy. Yeah, what is some of that get rich now energy? Yeah, some of that get rich now energy. What is that? Pyramid schemes people are falling into. I had someone going into a ball python pyramid scheme that I just talked to. No way. Yeah. So he buys 10 baby ball pythons from his friend. But how do you make money off of these ball pythons that are supposed to breed? Okay, so hold on. you get 10 baby ball pythons and then you pay somebody you get the 10 baby ball pythons okay and now what do i do with these baby ball pythons how do i get pyramided in well how do you make money what would you what would you do to make money off of baby i think you'd have to mate them and then sell 10 to somebody else yeah now who's buying them people you know no people that want to buy them so that they can breed them to sell them to people who breed them okay because people aren't buying them for pets you go to a pet smart for that no one's buying from these guys right you buy the baby paul pythons hoping they make kids so that you can sell them to others who want to make kids and sell to others and he got sucked into that tens of thousands of dollars and his 90 day fiancee wife from somewhere in central america is like freaking out about this she moved here sacrificed everything and this dude's blowing all his money on this and also like a million other side hustles he's trying to do the power washing he's trying to do the car detailing anything that as a TikTok get rich quick type of thing, or even just a side hustle thing.

1:04:33So some people do make work. He is just falling into it. And the Python says this is his most recent example, but the Pythons he bought have gone down 50 % in value because apparently you can day trade. You can day trade the ball Pythons on like a little market app. There's a market app for day trading ball Pythons. Yeah. So not only has somebody created a pyramid scheme of ball Pythoning, right? So you're ball Pythoning, you're you know you're you're selling a few grams of ball python here you know an eight an eight ball python here and then you but then the whole time somebody's also whoever engineered this fucking thing also created an app where there's like almost a ball python coin market so that's going up and down as well yeah you're basically driving around town with a back seat full of ball pythons waiting for the market to go up enough yeah so you can pull over and dry and put a couple by ball pythons on somebody's tab yeah wow that's my access strategy bring that up what the fuck what in the fuck is happening man that's hawk to his next pump and dump i know huh where's she been at she went to bed somebody said she went to barbados or something and she moved out of the country um okay but so so that's a new thing that's going on um apparently what's another one that's going on uh any other pyramid schemes lots of people getting into the knives pyramid schemes they're buying you know i don't even know what they're called i've never joined them but they buy knives to sell to other people so lots of those lots of people getting into the day trading life, crypto life.

1:06:15We had some old guy with no retirement. Poor dude. I felt so bad. Actually, he like blew through a million bucks somehow. Filmed it a couple of years ago. And super nice dude. But he fell into this pyramid scheme of you like buy these nutrients that people can take. But you hope they come to a storefront to step in a body scanner that tells them how healthy they are. Then they buy your nutrients. but I asked if we could come by and tour his business like a couple months after that. He kind of fell off the face of the earth. I feel like his shop doesn't exist anywhere on Google Maps, so I think that pyramid scheme collapsed.

1:06:52Well, the reality is, though, the reality is in retirement, again, we already talked about 15 % to 20 % are actually able to, or actually 15 % to 20 % of people take early withdrawals before even 60, and that the median 401k balance is$30 ,000, but it's low and slow. That's all it is. You know, you're cooking a nice piece of meat. It's low and slow. That's what your retirement fund needs to be. You're just hoping it doubles like every seven years or so in the market. You just got to be investing like 20 % a year, 20 % a year. 20 % a year is a lot. It's a lot. But if you accurately budget, it can be relatively decent.

1:07:30We have$5 a week is a great amount. Yeah. Starting anywhere is great. Starting anywhere. I mean, that's why you focus on getting out of debt first so that you have more to invest. Right. You know, out of the high interest debt. But what a lot of people suggest is 50, 30, 20, 50 % on needs, 30 % on wants because you want to be able to live. What's the point of being here if we're not having fun? And then 20 % to investing. So it's still the smallest percentage. Okay. Say if you have debt, right? Yeah. And you could save$5 every week. What's the debt? You could save – say you have – say you're$10 ,000 in debt.

1:08:00Okay. And you're 25 years old. Okay. And you could save$20 a week, right? Would you rather you put that$20 a week towards paying off the debt? or is it better to take that 20 and put it towards just like a long-term investment? Well, a couple of qualifications. Like what would you say the interest rate of the debt is and what is the debt? That's a good point. I would say the interest rate of the debt is probably going to be about 14 % or something. Oh yeah, absolutely. Debt immediately. Because one, it's probably not even an asset. Like at least a car is an asset, even if it's a depreciating one.

1:08:26But let's just say it's a credit card or a private student loan. You know, that's not going to benefit anything at that point. Got it. So pay that off. And then the other question is, there's also the third category. Do you have an emergency fund? If you don't have an emergency fund, then at that point, we're still funding the emergency fund over investing because you need to protect yourself in case of the rainy day. And the rainy day always comes. Because there's this mentality I think sometimes is like, oh, I'm not going to pay off that credit card. I'm going to invest. I'm going to save this money and invest.

1:08:50You know what I'm saying? Like I'm going to invest instead. But you're really just reverse engineering a nightmare kind of. Best thing you're going to get if you're just buying into the overall U.S. stock market is an 8 % return averaged out because that's what it's been all up years, down years since the beginning. It's been 8%. So if you have 15 % debt, you're just not making the difference. Is college still considered a normal path for a lot of Gen Z? Yeah, it can be. People just do college in a really stupid way, though. People go to the dream school that has the sports team they want for the major that doesn't make money.

1:09:24So it's not that college is the bad thing. You can do it the right way. Get your gen eds out of the way at a community college. Something, you know, ACC here is super cheap. You can go for a couple hundred bucks a semester and get some credits. A lot of diversity, too, at those colleges. You want to meet some, you know what I'm saying, an Asian girl or guy or something? Yeah. Do it. And larger class sizes as well. So there's a benefit. Instead of a big hall that you get in university. So you get more one-on-one time with professors at community college. It's actually usually just kind of better education.

1:09:53Just also statistically, the people that are going to community college are also more likely to drop out. So that's why some of the metrics are a little bit skewed. And if you're going to drop out, then you're dropping out there at a cheaper. rate. But then you don't have to go out of state. You don't have to go to the private college. You don't have to go to the college that has your favorite sports team that's going to go in the, you know, going to win a national championship in football. You don't need that. And then also when you're going to college, is it going to have a return on the investment for the degree you're actually trying to get to?

1:10:19And if you don't know what you want to do, there's nothing wrong with taking a year off between high school and college to figure some things out. Maybe do a trade. Look at a trade. See if you're interested in that. Take a career quiz. A trade, you mean? Yeah. Yeah, just look and see if that's something you're interested in. And then you can go to trade school in a smart and dumb way as well. There's expensive ones out there, and there's just average ones. And I don't want you to focus all your money and time on something you don't even want to do just because, like, a plumber, they make great money these days.

1:10:45You know, the medians, whatever it is, but it's, like, pretty good. If you don't have any interest in getting on your hands and knees and doing that shit, you know, maybe we're not doing that. Right. Yeah, you want to have some interest in what you're doing for sure, and you want to find something. I mean, that's one nice thing. sometimes about going to a community college or going to a college is taking on some different courses and seeing like, well, what might I be interested in? You know, you know, I know I like something about this, but I don't know what it is yet. Let me get at least into that realm of classes.

1:11:11Absolutely. I mean, you have to remember people that go to college 40%, 40 % drop out. So this is not a guaranteed thing. People think just because they're going to go to college. Okay, my life is set now 40 % who take out student loans drop out of college. Wow. I was one of them. I dropped out 40 ,000 hours of federal student loans and 12 ,000 private wow really yeah yeah it took me i think 11 years or something or 10 and a half or 10 and six fifty five six years almost yeah like 11 years i think to do college yeah it happens and it costs money dude i took a couple classes like you already took this class and all those i remember being like yeah i know i'm good at it i'm gonna fucking take it again really yeah okay doubling up the degree yeah and just like and i I remember one time this teacher gave me a B.

1:11:56I went and took her class again to fucking prove to her I could get an A. Did you prove to her? I think she got laid off. She was dealing with like addiction, pill addiction. But I did a good, you know, I did my best. That's for sure. What are some things? Say somebody's, they don't know what they're doing right now, right? They don't know. What are some, let's go over some like blue collar and then non blue collar jobs that people could do. You could start at home. I've always said pressure washing. I grew up in a neighborhood where if you wanted to get a leg up, you could get a pressure washer, a couple hundred dollars.

1:12:34You can get a nice one for like five, 600 bucks. Now you have to get that money first, but it's realistic. And then you can start pressure. You can go to a wealthy person's area and be like, hey, I'll pressure wash it and you can do a good job. What are some other jobs like that that you recommend to people to get started if they don't really have anything. Yeah, I mean, there's nothing wrong with dropping some McFries, you know, just to try to pay the bills. People look down on that. There's nothing wrong with these extra, you know, for the fast food jobs even, just while you're trying to pay your way through school.

1:13:08I mean, Summer Moon, coffee shop, I like, you know. They're moon milk creamer. I basically lactate that shit. Summer Moon, it's called? Yeah. I just went to a place called Two Hands. Okay, also good, I think. Yeah, they have nice people that work there. Yeah. But they were hiring just a barista. The manager was talking to me. He was like, dude, get someone on your show to come work for me. I need to hire people. 18 bucks an hour. That's not bad. Austin's pretty expensive, but 18 bucks an hour is not bad. And that's a great place to just start. Get your foot in the door. There's nothing wrong with the side hustles either, kind of like the power washing.

1:13:40A lot of people view that as like a side hustle, hopefully turning into a full hustle at some point. What I caution a lot of people, though, is a lot of people go into that and they're like, okay, now I need the pressure washer. but I need the nice pressure washer oh wait I need the truck to be able to move it around that was the guy that we just the ball python guy he had to buy a truck so that he could move his pressure washer around so that's yeah I don't want to show up with 10 snakes in a fucking Ford Festiva in a Dodge Neon like these snakes deserve a classy automobile it's like what the fuck are you talking about dude yeah people get more excited about the actual job the journey of the entrepreneurship more than the actual grind that is a huge trap isn't it Yeah.

1:14:20Yeah. I'm going to look the part so much, but you still have to do the part. Yeah. And there's nothing with just get into a bank as well. Get into a bank, work as a teller, sit down and just talk, talk, talk different loans to people as well. I mean, there's lots of jobs that don't necessarily require a degree that you can get into. I remember when I first moved to Los Angeles, we put up flyers everywhere. We would do refrigerator cleaning, right? Nobody wants to clean their refrigerator. Yeah. And for 200 bucks, we'd come and clean your refrigerator and we'd just take everything, Just clean. I mean, clean it good.

1:14:51Yeah. And bro, I was shocked at how many people were like, I will in a heartbeat. Absolutely. Come clean this bitch. A lot of perverts too, trying to fucking touch your back or whatever while you were cleaning. Oh, sure. But you fucking chalk it up to the 200. Have somebody on watch while you clean back and forth. Okay. Yeah. But dog walking, that was another thing, something you could do. Oh, it's great. Car cleaning. I remember if you liked cleaning cars, you like cleaning your car. if you do something well somebody will pay you to do that well for them right that's one thing that i always think we used to have a on the street audit show that we did just back in the day when i was testing things out and i met this dude like take me to that on the street audit show that sounds really cool i just walk up to people you know those kind of camera in the face things but i would just ask them money questions about their finances and then just kind of get my thoughts on it but we met this dude who you know rover rover the app like rover wait or whatever No, so it's the dog walking that you were mentioning.

1:15:49So you can hire dog watchers, walkers, or anything off of Rover. Oh, wow. Beautiful animals on there. Is that a corgi? He's making$175 ,000 a year doing that. No, he's not. Walking dogs. House sitting dogs. But because it's just house sitting, he can also work his full-time tech job from the house that he's sitting. So he's making like$300 ,000 a year. Yeah. Right. There's a lot you could do. No degree required for that. Sit in someone's house, feed their dog, take them out. And the funny thing is, man, I'll say this. Once you start doing something, you don't know where it's going to lead. I will be so shocked how many times it's like, okay, you're a barista.

1:16:29You become a good barista. Then somebody who runs a company of some sort, they show up. They see a good worker when they see one. They're like, what are you making here? Are you making$18 an hour plus tips? I'll pay you$80 ,000 a year to come work right next door. You know, why don't you come in tomorrow? We can just talk about it, see if it's something you would like. Just because they see your work ethic or I'll pay you. It's just, it's amazing. Sometimes when, when somebody who runs a business starts to see good work ethic, they will latch onto it immediately. Absolutely. But also the things you don't know, it's like you start with a small thing.

1:17:00And the next thing you know, it's like, like my brother was a tree cutter, right? He started just cutting down trees. And after a couple of months, he was like, oh wait, I could be the foreman. I understand how this works. And I, I, I can do the foreman's job, right? I need to learn more. But once I learn more, I'd be happy to hire some other tree guys and put up my own advertising. Like the barrier to entry to things, it's not as hard as you think a lot of times. It's just you don't know it until you start. Yeah. One of the first full time editors that I hired, dude was making the math worked out to almost like six bucks an hour working for a YouTuber.

1:17:37But his editing was great. and with the different incentives and everything I give just based on skill, he was making six bucks an hour to now a hundred thousand a year. So like if you can prove it. Right. And I have a friend who's been doing some personal assistant thing for another friend. And I was like, bro, you should start learning social media edits. Learn how to do them. So then whenever you're with this guy, now you could, you know, just capture a couple things on your phone, put it through one of these kind of like different filters or different programs that they have online. you know there's cap covers all these different things and next you know you can show him three examples the next day and now the next time he hires you to go out with him for an eve or whatever it is you know you can tack on an extra 30 bucks an hour because you're going to make a sick edit for him or something you know like there's just there's a lot of things that you can do i think um that's kind of an easy one you can learn is how to become a social media editor video editor yes now you're gonna have to have a computer that works to do it and you're gonna have to have at least your your cell phone to be able to do that but i think that that's realistic trying to think What else?

1:18:37Oh, carpet cleaning is something that people don't want to do a lot of times. Yeah. So, I mean, that's my small business or that's what the small business my dad owns is, is just, you know, a little power wash and window cleaning, carpet cleaning. Wow. And that's what took him from, you know, being a cashier at a gas station when we were poor, when I was born to now they're doing really well because you can grow that. You can scale that. They opened a second branch. They're doing well. There's a lot of opportunities there. And then in like the video editing world, just if you're just asking yourself, what can I do to make that person's life easier?

1:19:06They'll give you money. Yeah. Yeah, I agree. I'm trying to think of some other ones work from home that aren't as blue collar. I know there's data entry is one. I see a lot of advertising for data entry. Is that a valid one? It could. Honestly, I have no idea. It could be. Yeah. Yeah. Look that up. Is data entry a valid gateway job or something? i mean honestly just any way to get into uh a building a business and just getting to know management there and working with them and just asking what do they need being able to fulfill those tasks you'll move up yeah 50 according to current data an entry level data entry position um typically pays around 15 to 20 dollars power in the u.s with an average annual salary ranging from 30 000 to 40 000 and are you going to do that your whole life no but sometimes just getting into the companies you may need to do it for a couple months to get out of to get out of a situation you know um maybe you could do it while your kids at school you know i'm saying like just if i'm just trying to think of little ways i know that these are obviously me saying these things and i have no idea what some of people's real lives are like of course but in the conversations what i see are people looking down on shops like that right they're not willing to even though they're not paying their bill yeah right it's like at that point everyone's just looking down upon them i I mean, the car company is that's about to repo them.

1:20:25The bank is looking down on them. They can work that job. They can work the McDonald's, whatever it is, just to make ends meet. Have you ever had somebody come in with a business idea that was just repulsive and you saw them going down a road and you're like. That old guy I was telling you about, he did pump like about a million bucks into this whole thing. Really, his entire life savings, everything he's worked for into his 60s, 70s, wherever he was. and again the machine whatever this body scanning machine is i'm not in that world so i don't know but i know it was like 50 000 or something crazy the storefront that he was investing in again just a quarter later uh biofrequency gadgets are a total scam let's let's zoom in on this see if this sounds like it i would like to find this so we can put this out this is interesting i recently asked what i thought about the solex ao scan this website for the product includes this claim AO scan technology by Solex is an elegant yet simple way to use frequency technology based on Tesla, Einstein, and other prominent scientists' discoveries.

1:21:24It uses delicate biofrequencies and electromagnetic signals to communicate with the body. Was it something like that or no? It had nutrients involved, you said? Well, no. He used the results to try to sell people to get nutrients. Oh, I see. And that was the pyramid scheme he was a part of. Got it. So first, there's going to be a place where people are going to get this scan done. and then based on the the the outcomes of the scan you're going to be able to sell them nutrients to get them equal exactly get them whole wow man it's it's crazy the level of people we had a glitter mining thing by us growing up people sold these glitter like you could buy shares of glitter mines or whatever where they were mining glitter and they fucking robbed so many of us oh yeah i was in a pyramid scheme too i put i lost something what'd you sell just it was like you it would be you basically sold somebody right into a pyramid.

1:22:14Like I got into, and it was the, on the chart, it was a pyramid. Yeah. And it was like, well, I remember asking somebody like, is this a pyramid scheme? And they're like, I don't know. You remember what you're selling? Just, you sold literally the square that you had. It was like, Oh, I'm going to sell somebody sold me a square. And then I was like, okay, now I get two squares. I get to sell two squares. It was a, it was a, that is like a literal. Okay. Yeah. And dude, the crazy part was, I remember asking my friend's dad about it. and he had bought into it too. So everybody got took by us. We see people get into the makeup one a lot.

1:22:48The makeup pyramid scheme? Yeah, this is where you buy makeup from someone else and you sell that to other people and you try to recruit people to sell makeup. Well, there's like Donna, what's that Donna, what's that K, Mary Kay? Mary Kay, we get lots of Mary K's. You do? Yes, absolutely. I'll tell you a story. I was at, in West Virginia, I was doing a show there one weekend and they had the grand sellers of the Mary Kay group and they all had Cadillacs or whatever and they were doing a big thing there and they all pulled up. I mean, they must have had 40 different Cadillacs that they pulled up.

1:23:21They figured out the game. Multi-level marketing, right? So it's kind of, yeah, I mean. Again, people don't want to do the low and slow. They want to get rich now. Right. They're not willing to just invest and hopefully hit that 59 and a half. That's when you can withdraw from your retirement, tax advantage retirement accounts without a penalty. Is that one of the things you see with the younger generation is just because at TikTok, there's so many more schemes out there? Yeah. It's people wanting the easy way out. Absolutely, because they see other people that have a proven success rate to actually do it.

1:23:49So it's just a quick way to get to wealthiness. And 60 seems so far to a 20-year-old. So far. Yeah. What were some – I know there were some – I'm trying to think of some different inventions or schemes. There was one called Dyna, Dyna, D-Y-N-A. It was a bike wheel. This thing was crazy. Dyna bike wheel. This was it. Pull up this Dyna Sphere. Dyna Sphere vehicle. Zoom in. The Dyna Sphere is a monowheel vehicle designed, patented in 1930 by John Archibald Purves from Somerset, UK. Pervez's idea for the vehicle was inspired by a sketch made by Leonardo da Vinci. Look at this thing. Two prototypes were initially built, a smaller electric model and one with a gasoline motor.

1:24:43Let me see. The driver's seat and the motor were part of one unit mounted with wheels upon the interior rails of the outer hoop. I mean, this thing looks crazy. You can't see this on audio, but it's basically a guy driving a huge tire around. um the singular driving seat and motor unit when powered forward would thus try to climb up the spherical rails which would cause the lattice cage to roll forward so basically you're in a fair it's like something you'd be in a carnival steering of the prototype was crude requiring the driver to lean in the direction sought to travel uh though pervez envisioned future models equipped with gears that would shift the inner housing without leaning thus tipping the dinosaur in the direction of travel per uh a novelty model was later constructed by fervez that could seat eight passengers the dynasphere eight made specifically for beach use i want to see that how do you fit eight people in that it looks like a beach it's basically like a hamster wheel if you guys could imagine a hamster wheel that someone drove um oh there you go there's that eight seater oh that's kind of cool you get to sit in a circle and it just cruises that's romantic yeah um okay go back I just want to see what happened to it.

1:25:55It was also impossible to steer or break. Another aspect of the vehicle that received. While the vehicle could move along just fine, it was also impossible to steer or break. Another aspect of the vehicle that received criticism was the phenomenon of gerbling. The tendency when accelerating or breaking the vehicle for the independent housing, holding the driver within the monowheel to spin within the moving structure. Imagine you slam on the brakes, right? the vehicle stops, but you just keep spinning in the middle. We need Elon to get on this. Bring it back. Yeah. That's something we need back.

1:26:29What else did that? I'm trying to think of a, Oh, the banana slicer. Can you see if you find that one? This was something that somebody invented. The problem was no, go to that one right there on the right. Hutzler, go to the Hutzler right there. It was a one size fits all. Your banana had to be one size, right? So if your banana was obtuse or if it was like, I don't want to say an African banana or whatever, but if it was a different type of banana or Filipino banana, I don't think this, you couldn't use this one. But that's crazy to think about, right? Yeah. That somebody invented that? That was kind of a crazy one.

1:27:05I'm trying to think of anything else I remember hearing about. Oh, there's always that baby cage. People would put that baby outside of the window. Remember that? That baby cage out window, yeah. It hung it from a window. Yeah, there you go, right there. Get that little baby out of that cage, baby. The Bizarre History of the Baby Cage. Pull up. Click on that. Get me a link to that, Daddy. It's a little out-switzy. A little out-switzy, yeah. A little outside-switzy, huh? Yeah. Okay. Play our words there. Dangling baby cages came into vogue after they were invented in 1922, but their origins really began with the 1884 book, The Care of Feeding of Children by Emmett Holt.

1:27:49Emmett carefully describes how babies need to be aired out. Fresh air is required to renew and purify the blood. And this is just as necessary for health and growth as proper food. And what were those cages? How big was that baby cage, daddy? Oh, that baby's enjoying it, huh? It's got to be kind of nice to put your baby out there for an hour. Let him meet a bird or whatever. Have a falcon fucking befriend him. It was believed that exposing infants to cold temperatures, both outside and through cold water bathing would grant them a certain immunity to catching minor illnesses. I could see some of that.

1:28:21So it's the first cold plunge. Yeah, that's all this is. Yeah. Yeah. That's the first cold plunge right there. That's that's Wim Hof. I think that's one of the earliest pictures of Wim Hof right there. That's Joe Rogan right there when he's a baby. Tell me a little bit about your own budgeting at Simpler Budget so I can make sure that people know about that young people who are confused or they don't want to end up in a bad financial realm. Tell me about Simpler Budget. The first part of just like fixing finances is the budget because you got to know what's going in and out. And a lot of people overcomplicate it.

1:28:54They get a spreadsheet that they can't manage or they download an app like you need a budget, which is another really good one. But it's like so complicated. And the learning curve is huge. And it has all these qualifications for so many things that you just don't need. People that are in bad finances literally just need one place where they can just connect their accounts, tells them where money's going and you can figure out where to actually stop spending money or close a credit card. Or we even were tracking different accounts where you can see your investments as well. So you can see if you're on track and whatnot.

1:29:28So just that simple stuff. And what a lot of people struggle with, even if they create a simple budget on a spreadsheet, they don't come back to it the next month. So they make the budget, but then they don't actively budget because budgeting is not just making a budget. You got to stick to it. You got to follow it. So this helps you by setting alerts and whatever you need and continued education and the premium version. We have these classes with financial professionals that you can join live and ask them questions and they help mentor you. Now, are these classes more valuable than the original classes?

1:29:57So these are real classes. These are valuable classes. Yeah. Well, these are financial professionals, certified financial planners and people with budgeting experience. Again, the thing we talked about at the beginning, that was just teaching how to day trade. So that's neat. Right. So day trading in its own right is risky. This is teaching people how to saving budget plan budget proven things that like the most every licensed financial professional would talk about so keeping people on track people just need those extra motivations how do people watch our show that are on that are on track to budget and pay off debt but they keep coming back because it helps them stay motivated throughout the week for sure it's just like it's almost like going to recovery meetings or a a me it's like you go to the meetings just to keep the word in your head right you want to stay motivated yeah i love the idea that you have this world that's entertaining but then the back end of the entertainment is let's keep people budgeted and on track it's like it's exactly really what a lot of young generation needs because things have everything has entertainment value now it's like you know you're at a funeral and there's people you know like they're selling albums and shit or whatever like they're you know um but you know there's everything has entertainment value now so to have an entertainment value with financial, with adding financial structure to people's lives.

1:31:10I think that's really amazing. There's a lot of people out there that you don't know if you can trust. I've seen them in over my lifetime where you come with these guys. I'm going to name some of these guys financier types in the world. And can you, will you be willing to just give me your take? If I know them. If you know them. Okay. Grant Cardone is one. Yeah, Grant Cardone, one thing, one message that I kind of know about him is he's okay with going into a lot of debt and risking everything in order to get property or start a business. He's like, if you're not making six figures at 21, you're a failure, I think.

1:31:49Hopefully I'm not putting words into his mouth because I don't follow a lot of his stuff. But I know it's a little too risky for my taste. It's a little too risky, a little too flexing of wealth. Him with his private jet there. that's you know that's i get the aspirational part that's great you know maybe you'll get there someday but let's just be realistic for the average american low and slow invest try to get to retirement yeah i think a flexing of wealth is so bizarre to me because i would never want i would never if i looked at something somebody said i would feel bad if i don't have it i feel like or part of me would okay part of me would feel inferior or something maybe not like up here but somewhere in my head i'd be like oh i'm not good enough or something i don't understand sometimes why people do that sort of thing.

1:32:28But I also understand that's just my school of thought and that some people like this aspirational style. Like, you know what I'm saying? Let's see the flash and that motivates some people. So I think there's a motivational tactic in it. Alex Hormazi, you know him? Oh yeah. I think he's really good in like the motivational part. You know, I don't know a lot about his own financial advice, but in terms of, you know, really being motivated for your entrepreneurial mindset, that's been really good. And honestly, I've watched a couple of those videos when I was dealing with a couple issues while we were scaling our business and just like, what does this guy do?

1:33:05He built like a multi-million, hundred million dollar business. And obviously that's if someone's done it, maybe listen to them. So I've listened to a couple of things that have been beneficial from him. Ty Lopez, he's the famous guy that would read a book a day. That shit always was crazy to me. I think this is the guy that kind of put a bad taste in everyone's mouth about buying courses online, which kind of sucks. Yeah. Because I think you can – we've put a lot of time and value and resources in producing educational content that people can pay for that helps guide them a little more handheld.

1:33:42And we've seen like one of the lowest refund rates even though we offer free refunds like no matter what. And we've seen like the lowest refund rate in the industry. But so many people immediately they see the class and like, oh, it's a scam. It's a scam. You have to pay for it. It's a scam. Right. And it kind of started with this dude selling a course on a million different things. We had the book in a day. Shit was always weird. Like, I don't even know if I want to talk to a guy who just read Where the Red Fern Grows. You know what I'm saying? Like, I don't know if I want to fucking talk to a guy who just read that in one day.

1:34:14But again, it was also the Grant Cardone like wealth flexing thing. All his videos were like, you know, behind a Lamborghini in a garage. and that's not where the average person is going to be and that's okay it's okay to be poor it's fun well it's okay to be settled with just a good content retirement not everyone needs to risk everything to go crazy and go into a lot of debt on a big risk not that that's what he advocates for but yeah and having a job is just one of the most important things i remember my buddy's dad would always just say do you have a job it's the first thing he'd ask me every time i saw him do you have a job if i had a job he'd talk to me if i didn't have a job he wouldn't thought it's just like you need to have a job you need to have something you are doing and not because you need to be part of capitalists but because you need to go and do something right you have to have a job it can be you know you're making something at home that you're aiming towards selling or doing but you want to have some motivation a job is just a form of motivation it's just an active motivation well there's some purpose people find purpose in jobs some people are purposeless after retirement oh people do you know fire do you know fire do i know fire fire uh fire the independence movement where you stack up as much money as possible invest it all like crazy so you can retire at like 45 a lot of people did that and no one's really doing it anymore because everyone retired at 45 with a few million bucks and they're bored and they have no purpose and there's nothing because they don't have a job they have a family maybe but they don't have the purpose oh i know i have some women friends that have like spent that really got focused on and they now they want families and stuff and so now that's a little bit tough for some of them oh sure i think fire affects women probably differently because they can have children maybe too you know if they focus so much but even guys like i mean i focus on work mostly my biggest relationship is my work you know it's like i don't have a relationship right now i'm not lamenting about it i would like to get married or something but when i'm like who's my spouse it's my work you know i put a wedding ring on my job you know i like i like working the second i think about doing something i think about working you know um what about um gary varnor chuck he's kind of a wild one huh gary's always been like the guy he's like oh you got silverware in your house sell it sell it right now you know okay sell your silverware sell your house how much is your health worth three thousand to get out of debt or sell the silverware 65 and then he'll pull up like i'll be standing in a park right because he has nowhere to live now he's eating soup with his hand because he has no more utensils and gary would be like how much money you got and he was like i got four thousand dollars cash he's like you fucking did it buddy and he'll hug him and then drive off in a limousine right all right but it's like that's the thing it's like you just don't want any loose cash sitting around you know he's like oh your grandmother's asleep sell her fucking nightgown while she's resting she don't need it you know it's like anything anything they have lease it out your grandfather's taking a nap lease out his eyeglasses while he's resting you know it's just all type of stuff like that man do you know the purpose though i'm so curious because i do not know this guy it's a motivation i feel like right and this is just my opinion also but it's just it's it's always there's always something they want to motivate you to do you know yeah um in varnor chuck his family owned a wine company growing up no shade but it's like dude if my family had a wine company growing up you know i remember my mom beat me one time with a bag of fucking frozen oranges i remember that shit did he sell his winery it's a little different than that but i'm just saying uh i'm not sure but i'm just saying you know what i'm saying the merlot don't fall far from the grape you know what i'm saying brother um what else we're going to talk about ty dollar sign he's not is he an investor no he's just a what does he do

1:37:56financial advisor no there isn't much information about Tyler Dollar Son's investments okay so I don't know how you ended up on our list then what else anything else on our sheet wanted to go over was there anything else that you wanted to talk about specifically Caleb oh man I just want I just want people to realize that they're in a better place than they think they are you know that's kind of one thing we didn't really talk about okay is that i you know i don't want to like like just like glug glug on america but i agree i don't want to be negative only yeah yeah this is there's a lot more opportunity that people aren't willing to accept we're in a very doom and gloom right now where everyone again we talked about the victim thing earlier and everyone's like it's impossible to get ahead it's a why do anything because everything's so hard right now and obviously inflation was brutal especially when It was nearing that like 9%.

1:38:45But like we just had yesterday, yesterday, before we filmed this, 256 ,000 jobs added in the last month when they expected 155 ,000. Like unemployment rate at 4.1%. Here we have a GDP$25 trillion, where in the UK, Germany, Japan, we're looking at$3 to$5 trillion. GDP per capita here is 70 to 80 ,000. UK, 47 ,000. You know, there's a lot of opportunity here. I don't want people to just really always beat themselves down. And I know, like my shows, it is on the negative side because their finances are really bad. But I want people to know they do have more opportunity out there if they're willing to take a little bit of risk.

1:39:27Yeah. Yeah. And I think that I think there's this pressure, probably, especially with the younger generation to put you have to put your life on a social media. Right. And so then you would be you would feel more shame about having certain jobs because you wouldn't want to put that reality on the social media. where like when I was in high school or in college, you didn't, that wasn't a thing. It was like, you didn't, I mean, social media was coming up, but it wasn't like that. It wasn't like you didn't have, you didn't have that immediate reaction with people like ripping you or roasting you or making funny online.

1:40:04So I think that that's a different thing where it's like, oh man, not what will I think of this job? Man, what will other people think if I post about this job or if I live in this world? and I think that that's where you can just be creative if you do want to post about your job be funny about it be like you know what I'm saying and um and also you have to just realize like it's the shit that you don't want to be doing that's when you sit there and your brain thinks up the shit you do want to be doing dude yeah when I was doing shit I did not want to do dude that's when my brain was getting inspired bro I mean my brain was like and that's when I got to see what my brain even was my brain was like we're gonna figure this out my brain started to surprise me with ideas and thoughts and um so i think that yeah you have to like just know that sometimes you feel like man i'm in the dirt but you're really in the soil kind of type of vibe you know yeah i like that mentality there's a lot of shame in certain jobs right now and yeah and we put it on it's like just put the fries in the bag it's like sure but dude i used to just put the pizza in the box forever yeah you know what i'm saying like we had a and it was a blast dude yeah i delivered jimmy john's for like six years oh really yeah it was great i've taught i've had jimmy john on this podcast yeah as a business entrepreneur big dude yeah great dude man very big i saw him three weeks ago yeah so it's just like you just never know where you're gonna be you know like i mean you just don't you know jimmy john's my favorite sandwich you almost got hit running across a fucking highway to get a couple months what are you a number nine guy i'm a number nine guy me i go turkey tom extra turkey light mayonnaise don't look me in the fucking eyes i'll come in there and get it okay i love it yeah nice and i'll honk my horn before i'm gonna come in i'll even call them and tell them that they're like this is getting a little weird i'm like just i want everybody looking the other way leave the sandwich on the counter it is a very kind of like it's the closest i get to like robbing a bank or whatever um what was the last thing i was going to ask you uh oh what do you think of an eight leg parlay as a realistic probability for somebody trying to get a leg up in the world you're gonna have to explain that one to me i'm talking about somebody who's got ten dollars left and they put it on oh shit and they put it on eight football games to all hit for a weekend okay because this is happening basically in every pi cap a house in america yeah dude betting is getting kind of out of control it's getting crazy i mean you have People laying in their bed at night fucking, you know, just hopped up on Zins praying for Saquon Barkley.

1:42:31It's getting bizarre. These betting companies want to sponsor us like every day. We have to tell them to fuck off so much. It's crazy. It's like any kind of drug, any kind of drinking, any kind of whatever. You know, betting can be fun. It can be good. If it gets addictive, that's where it's bad. $10. If you have$10 to your name, that's all you have left. I mean, people probably shit on me for saying this, but it's probably not going to make the biggest difference. We're just being real world about it. For sure. But behavior, there is the behavior conversation. If you are going to throw it towards the bet, that is demonstrating maybe why you got there in the first place.

1:43:03So that could be a good step to correct your behavior for the first time. Even if the$10 is going to be make a break for whether or not your mortgage is going to be paid. No. Yeah. But it's a good behavior fix. What is a good investment? You just said you keep things pretty safe for the most part, huh? Yeah. I mean, I'm mixture real estate and like just S &P 500. And when you say real estate, what do you mean? Like what type of stuff would you get into? I got my personal residence, but then up in Michigan where I'm from in Kalamazoo, I have some rental properties there that were like essentially almost like burned down pieces of shit that like no one would live in.

1:43:35And I'm like, all right, I'll buy it, fix it up. And now it's, you know, students are able to live there and stuff. So there's, you know, it kind of matches with my morals a little bit instead of just buying up desperately needed housing. But also it's making money, which is good. Yeah. And over time, it definitely, I mean, time goes fast too. People don't realize it, you know. Time goes fast. Yeah, people bag on Gen Z a lot. You know, I think there's always that thing where it's like we're bagging on the next generation. But I was looking at a statistic the other day where Gen Zers, like the average job, they keep it for two, like two and a half years.

1:44:10And it's only six months less than millennials kept their job. Sure. You know, so it's not like Gen Zers can't work or that they're not working. You know, sometimes that's a lot of the energy that's out there. Well, you know the crazy thing? Can you look up what Gen Z thinks they need to live? Have you seen this? This shit's crazy. And I'm kind of Gen Z. I'm like in that middle. So I can shik-tok both sides. Well, that wasn't the report that came out, but Google AI is telling us something. There we go. See? Yahoo right there. They think they need$500 ,000 a year to be successful. Okay, go to that.

1:44:44Minimum. Generation Z thinks it needs half a million dollars a year to succeed. Wow. that part's crazy half a million dollars um they pay four thousand uh let me see armandar here harvard howard and her fiance together earn more than two hundred thousand dollars a 28 year old knows that's more money than the vast majority of americans make yet the los angeles couple still live about half an hour's drive from their pricier neighborhoods where most of their friends live they pay four thousand dollars a month in rent on top of her $450 student payment, their$400 car payment, and the$200 she sends home to her family in Indonesia.

1:45:22So they're saying that they need the zillennial. She's at the cusp of millennial generation and Gen Z set aside 10 % of her income for retirement as a well, healthy monthly budget of$500 for entertainment and dining out, which she said comes with a side of guilt as bigger financial goals continually loom. In this economy, she said a household income of 500 ,000 between two people would be very comfortable. Very comfortable. It would be very comfortable. Yeah, it would be very comfortable and that's also there man that's los angeles yeah that's fair but like the median household income in the united states is like 60 000 hours you know right 60 75 something like that yeah that's one thing that i like about living in a regular place a little bit more is that you start to get a more reasonable idea of things absolutely you know i mean the one of the issues we're all stuck watching these celebrities who are living these insane lives or pretending to also you know i find los angeles in its own like it has this like i did like movies and parties and all this shit but i always found it to be like it shuts down early like at all the bars close early everything it's it's all for look right everything there was more like let's make it look this way right interesting um one thing i think that tells me specifically though zillennial like i'm a zillennial you know in between that era i didn't have a job during the great recession i didn't need to i was a kid what that tells me thinking they need 500 000 hours a year is that there's about to be a big awakening when my generation and the people around me go through our actual first recession and you realize that, okay, maybe living isn't about being able to get, you know, five cups of coffee a day.

1:46:53That isn't the requirement for life. I want you to do it. Yes. But for them, that is full comfort where, you know, throughout most of human civilization, we're just trying to survive. Yeah. And we are very comfortable right now. Yeah. It's a comfortable world, man. I mean, America is a comfortable place, you know, I know it's It feels uncomfortable a lot of times, certainly in comparison to other people's lives. But yeah, it's like most of us have food. You know, we have clothing. You know, we have a place to sleep. And that, like, in the world, that is opulence. Like a demonstration of this. I was dating someone from Venezuela for a little bit.

1:47:28Oh, wow. Okay. I know, exotic. And she, one thing she was telling me about our culture, I was like asking what's different about this culture versus the different cultures she lived in all over the world when she was escaping Venezuela. and she says you know things are good in america because of how much we focus on the minor little social issue for everything when you have the luxury to focus on um trans stuff or not just that like okay so zuckerberg right yesterday he announced that tampons are leaving men's bathroom or whatever like i i don't care either way whatever but the fact that that is able to be such a major thing that we're freaking out about when you have that in a culture that's how you know everything else is pretty damn okay because we're allowed to focus our energy on that and not just making sure that half the country isn't starving yeah or sometimes that the media is tricking us too by saying like this is what we should be talking about you know yeah but click yeah but i agree the fact that people are able to that people are bringing that kind of stuff up i'm trying to think of anything else that i wanted to talk about um any other uh any other group that came on your show that was kind of fascinating to you i would love to play one more clip from your show what's another one that we have this that we could play yeah i just encourage you guys to go if you like you know you get a financial take it's very much um it's just it's a perfect microcosm that you're in and it can be a macrocosm too i'm not trying to little it by saying that i'm not the best with words but i think it's just a perfect uh like like nucleus that you're in of entertainment and finances.

1:49:01What's this one right here? Oh yeah, play this one, dude. We built$75 ,000 of student loan debt. Say the degree one more time. I studied Shakespeare. Okay, Shakespeare. Lovely guy. What are you going to do with that? Well, that's such a complicated question. Oh no. I was really hoping for a more, you knew what you were going to do with this much school and student loans. This is where I just have to say, we come from different worlds. You're not going to understand in this um you won't understand like the precarity and why it's really all right what do you mean though like your reaction there was like oh no i studied music composition in college i was in the college of art school of music okay but i asked the job and you didn't know what to say so i have a lot of experience working at writing centers um so i could be um what are yeah what are you gonna do with that yeah you know what that is that is an other major thing that is happening a lot throughout.

1:49:55It's the continuous college because they don't want to leave college, so they go for the master's degree, the doctorate degree. And that's more and more. We're seeing so many more people doing the endless college. Get the other degree. Because once you leave college, it's a scary world. You're on your own. It's very scary. I want to go back every day. I want to go back every day. And this person gets a Shakespeare degree. So, yeah. Doctor and Shakespeare. Yeah. To be broke or not to be broke, dude. That's the question. I feel like, would and now unless now unless you're going to go to a renaissance fair and get winked at by the king or something i feel like that's going to be an uphill climb dude you know she wants to be a teacher that's what they do you go to school to teach other people to go to school stay in this world yeah there is a there is always a person who stays in school yeah and people sometimes it gets blamed i'm like oh look at this dude he can't get his diploma or this girl who's an alcoholic and she, you know, goes to, you know, Rutgers or whatever.

1:50:53But every now and then there's the opposite of it, of somebody who just stays in because they don't want to get out and face the world. Yeah, absolutely. Yeah. Cool, Caleb Hammer. I appreciate it so much, man. Thank you so much for just being willing to come and chat with me. I'm excited to see what you guys do. And yeah, I just think it's really, I think it's really neat to have just kind of this corner of entertainment and finances and kind of just basic needs, really. You know? Yeah. We all need a basic needs voice. You know, we need that kind of like Jiminy Cricket that shows up on your shoulder.

1:51:26Yeah, a little wake-up call. Yeah. Yeah. For sure. And you're an alarm clock, man. So thank you so much, Caleb Hammer. Best of luck, brother. Thanks, man. I appreciate it. Now I'm just floating on the breeze And I feel I'm falling like these leaves I must be cornerstone Oh, but when I reach that ground I'll share this peace of mind I found I can feel it in my bones But it's gonna take