This Past Weekend with Theo Von

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00:00:30.000 We have added a second show in Nashville, baby, on May 3rd.

00:00:35.240 It's an early show, 4 p.m. at the Bridgestone Arena.

00:00:39.640 And I can't even believe that.

00:00:41.800 And thank you guys so much for all the love and support.

00:00:44.080 And I'm honored to be performing here in Nashville.

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00:01:04.220 Winnipeg in the Canada, and Calgary in the Canada.

00:01:09.380 Get all your tickets at TheoVaughn.com slash T-O-U-R.

00:01:14.300 Today's guest is a financial advisor for Generations Z and Millennials.

00:01:21.760 He's a YouTuber.

00:01:22.820 He's a businessman.

00:01:23.920 And he's based in Austin, Texas, which is where we're taping today.

00:01:27.900 You may have seen his popular show, Financial Audit, where he takes people to task over their

00:01:33.080 spending habits.

00:01:34.580 I had a great time learning about him and his world.

00:01:37.660 Today's guest is Caleb Hammer.

00:01:53.360 Caleb Hammer, man.

00:01:54.300 Thanks for catching up, dude.

00:01:56.280 Yeah, what's up, buddy?

00:01:57.080 Nice to meet you.

00:01:57.720 Not much.

00:01:58.120 Yeah, nice to meet you, too, man.

00:02:00.500 Hammer.

00:02:01.680 Caleb Hammer.

00:02:02.400 That's a good name.

00:02:03.420 Yeah, it's powerful.

00:02:04.400 It is.

00:02:05.000 Is that Russian hammer?

00:02:06.820 Hammer?

00:02:07.400 I think I'm British and Native.

00:02:08.760 Oh, yeah?

00:02:09.120 So a little conquering, you know, of the United States, a little.

00:02:12.560 Oh, wow.

00:02:13.160 Yeah.

00:02:13.580 Yeah, so no matter what side of the bed you wake up on, you're going to draw a weapon,

00:02:17.980 probably.

00:02:18.080 That's right, yeah.

00:02:19.100 That's wild.

00:02:20.760 Native American?

00:02:22.400 Yeah, like 25%.

00:02:23.580 Oh, that's great.

00:02:24.380 That's a good amount.

00:02:25.760 Yeah.

00:02:26.480 Not too heavy, but.

00:02:28.140 Yeah.

00:02:28.960 Chilling.

00:02:29.640 Yeah.

00:02:29.820 Enough to feel a little tan.

00:02:31.740 Oh, yeah.

00:02:32.120 A little minority.

00:02:32.720 Yeah.

00:02:33.500 Oh, enough, too, to fucking know how to make a good fry bread, too, I bet.

00:02:37.220 Yeah.

00:02:37.460 Um, I, I noticed that, so you're kind of this financial guy, um, or financial liaison,

00:02:45.900 even, uh, to, like, Gen Z or millennials.

00:02:50.220 I mean, it could be anyone, but I feel like that's kind of like, um, it seems to me like

00:02:54.820 that's kind of, like, that's kind of like the world that you work with.

00:02:57.080 Yeah, that's who got attached to it.

00:02:58.760 We age range in that, like, 18 to 35.

00:03:02.100 That's our big group.

00:03:03.420 Okay.

00:03:03.560 That's where our metrics are right now.

00:03:04.740 And you're helping people with their finances.

00:03:05.740 Like, what kind of qualified you to become sort of this, um, this, uh, this, like, uh, person

00:03:15.880 who's offering suggestions to, to, uh, others?

00:03:19.260 Yeah, I mean, since the stuff I talk about is so basic, I was a dumbass enough, like, back

00:03:25.140 in the day to overcome all that debt, uh, get control of my spending, learning how to

00:03:30.820 budget, get kind of obsessed with the personal finance space, uh, build a pretty successful

00:03:35.640 net worth before I started YouTube and just sitting down and talking to the people in the

00:03:40.880 worst of the worst since I was there felt like those are the people I could talk to.

00:03:45.000 Not talking to the, to the Theo Vons, not helping you with your investments.

00:03:49.260 But, you know, we're talking about the lady who has tens of thousands of dollars of credit

00:03:54.000 card debt, some car she can't afford and getting repoed left and right.

00:03:58.220 Right.

00:03:58.400 Yeah.

00:03:58.660 I mean, I feel like you kind of have this like Jerry Springer meets finances kind of energy,

00:04:03.040 you know, which is, it's awesome.

00:04:04.420 We call it Caleb Springer.

00:04:05.480 That's our, that's what we call it.

00:04:06.160 Really?

00:04:06.580 Yeah.

00:04:06.920 Oh, I didn't even know that.

00:04:08.000 Yeah.

00:04:08.300 Oh, that's great, man.

00:04:09.340 Yeah.

00:04:09.600 It's, it's, uh, it's super fascinating, but like, so what was your financial problem?

00:04:13.720 Just so I know, like, where did you start where you're like, oh, okay, I'm in a bad

00:04:18.080 spot.

00:04:19.220 College was, I was so dumb in college, man.

00:04:23.220 Just starting to go into it.

00:04:24.820 I was going into a major that wasn't going to make any money.

00:04:26.740 I wanted to go into music.

00:04:28.220 And of course, if you're going to go into music, you have to have like a $50,000 computer or

00:04:33.080 whatever.

00:04:33.580 It's some nice, beautiful iMac.

00:04:36.020 So max out a credit card with that.

00:04:37.680 Got to have an electric piano.

00:04:39.620 You got to be cool.

00:04:40.520 You know, you got to be like the other music majors.

00:04:42.360 Max out a credit card with that.

00:04:43.980 Uh, why cook when you're tired from school, go to McDonald's every day.

00:04:47.940 And that's before I was even a fat fuck.

00:04:49.280 Like, you know, the house is able to consume those and still be skinny.

00:04:53.700 But max out a credit card with that.

00:04:55.260 Got to get around.

00:04:56.740 So I maxed out.

00:04:58.520 I got like a $10,000, $11,000 car loan, but I couldn't afford the down payment.

00:05:03.780 Of course, I didn't know anything about money.

00:05:05.420 So I borrowed like $5,000 from the grandparents just to get a down payment on a car.

00:05:10.020 It's the same stuff we're seeing on the show.

00:05:11.800 So you were just in a bad spot.

00:05:13.500 Bad spot.

00:05:14.220 Private student loans too, man.

00:05:15.440 It was rough.

00:05:16.400 And had you been getting advice from anybody or you were just...

00:05:20.180 No, this was generational.

00:05:21.580 My parents, even though they are better now, I'll give them credit there.

00:05:24.540 Or, you know, we grew up definitely lower middle class foreclosure notices, that kind of stuff.

00:05:31.220 And at that point, when the people who would teach you about that kind of stuff, because

00:05:35.020 our school system really doesn't, at least in Michigan and I don't think Texas either.

00:05:40.580 At that point, you rely on them to teach you, but they didn't know anything.

00:05:45.200 So I was just continuing that cycle.

00:05:46.900 So every time you see people coming from a lower middle class background or poverty background,

00:05:50.660 it's just that endless cycle because you can't learn from anywhere.

00:05:52.860 And you have to get that drive somehow.

00:05:54.720 Right.

00:05:55.020 That's a great point.

00:05:56.280 Yeah.

00:05:56.440 I was always kind of amazed that they didn't teach us in school.

00:06:00.340 Like if you didn't have a strategy, like they would have people come for, like parents

00:06:06.060 would come or people with like people in our community that had jobs would come and talk

00:06:10.120 to us, but they never had like people that had really fucked up.

00:06:13.780 You know, they never had like a crack addict come and talk to the class for 20 minutes and

00:06:18.620 be like, this is how this happened.

00:06:20.180 Right.

00:06:20.560 Or they never had anybody that was selling leg or selling cooter or whatever on the street.

00:06:25.500 Tell, you know, like, Hey, this is how things fell apart.

00:06:27.680 Like they never had that other side of somebody who was like in a second bankruptcy or somebody

00:06:31.880 who'd been abused in a marriage.

00:06:33.280 You know, it's like, you never really got, you always just got the, like, I'm a fire

00:06:37.960 man, you know, and it'd be like, and the kids would be like, awesome, you know?

00:06:41.260 And the guy would let you play with his ax or whatever.

00:06:43.480 It was like, but you never got like the other side of it.

00:06:46.260 It's kind of crazy that they don't have that.

00:06:47.880 Um, just in like kind of elementary education, you know?

00:06:50.820 Dude, it's crazy.

00:06:51.640 I think it's like a one week subject and the class where they also spend like two weeks

00:06:55.580 showing you birthing videos.

00:06:56.800 Yeah.

00:06:57.200 You know, this is something that passes over real quick.

00:07:00.880 Okay.

00:07:01.340 So you were bad off.

00:07:03.040 Real bad.

00:07:03.860 And how did you get on bad off?

00:07:06.000 I just started becoming obsessed with, well, I was always interested in the world of real

00:07:10.340 estate.

00:07:10.660 So like HGTV, I ate that shit up.

00:07:13.260 I don't know why.

00:07:14.280 This is that weird kid who loves HGTV.

00:07:16.860 So, you know, the, all the different home shows, I was interested in real estate and

00:07:20.780 that's kind of just a decent connection and segue over to personal finances.

00:07:25.200 So eventually once I started realizing, yo, can't afford rent, I started just Googling

00:07:29.660 some things and I found some other creators, some other podcasts like Bigger Pockets podcast

00:07:33.940 is really good.

00:07:35.200 Um, I think I started-

00:07:36.200 Bigger Pockets it's called?

00:07:37.060 Yeah, it's really good.

00:07:38.040 Those in real estate.

00:07:39.200 Now, do you know Graham Stephan, the finance YouTuber?

00:07:41.920 Uh, let's see a picture of him.

00:07:43.980 Yeah.

00:07:44.380 Little, little short dude.

00:07:45.360 Graham Stephan?

00:07:48.640 Nope, I don't know him.

00:07:49.520 He's one of the OG finance YouTubers and I think I started watching him when he was

00:07:53.180 up and coming and I was like, wow, I can't believe how absolutely stupid I am with finances.

00:07:59.180 I didn't even know there was this other world.

00:08:01.120 And then to accomplish the things I dream of accomplishing, it's going to take actually

00:08:05.080 marking the goals I want to get to and the different steps that are required to get

00:08:08.380 there.

00:08:08.620 And that's where I started to actually focus on building the income, not just the hobby

00:08:12.700 stuff.

00:08:13.080 You know, I was doing music composition and, you know, I was making like 30,000 hours a

00:08:16.400 year off of that in college and dropped out of college.

00:08:19.320 But, um, from there I just knew I had to go get stronger income, actually build myself a

00:08:24.400 budget.

00:08:24.680 And that's when I started, you know, looking to move in different areas and I got a connection

00:08:29.020 down in Austin and that's when like, I actually started putting the focus in pointing my money

00:08:35.720 in the right direction, building a budget for the first time.

00:08:38.740 And it's been, it's been good since then.

00:08:41.200 Yeah.

00:08:41.840 Okay.

00:08:42.160 So you started to put your money back together.

00:08:43.940 Like you started, I mean, did you pay off some of those things?

00:08:45.760 Did you get rid of the car?

00:08:46.840 You said you dropped out of school.

00:08:47.980 So yeah, I'm assuming that you just realized it wasn't for you or.

00:08:51.360 Okay.

00:08:51.640 It's going to sound like the most arrogant, cunty thing ever.

00:08:54.540 And, but like I was actually making more on my music compositions than my own professors

00:08:59.360 did on their own composition.

00:09:00.280 So I was like, why am I spending more money to go in school?

00:09:02.560 Okay.

00:09:02.880 So that's when I dropped out.

00:09:04.220 Okay.

00:09:04.400 You already felt like you'd kind of been able to learn what they were going to teach you over a

00:09:07.620 course of a long time.

00:09:08.320 Kind of.

00:09:08.720 I mean, I like the lessons and stuff, but then I still had to go to all these other

00:09:12.480 classes that don't matter.

00:09:13.400 And I had to spend money on that.

00:09:14.660 Right.

00:09:15.020 Or at least things that were going for the degree.

00:09:16.660 But at that point, I still knew nothing about personal finances.

00:09:20.220 Once I moved to Austin, I wanted to get a job that focused on me being my own business.

00:09:26.580 Essentially, that's what I was doing with music composition.

00:09:29.400 And one of the best jobs that just like you and I could go get today if we wanted to,

00:09:33.260 where your own business is sales.

00:09:34.820 Okay.

00:09:35.080 You know, you are your business.

00:09:36.620 You're out there building the client base.

00:09:38.720 And that's what I ended up doing.

00:09:40.360 And with that, I reached the top of the sales team immediately.

00:09:43.380 Selling?

00:09:43.780 Yeah.

00:09:44.460 Selling.

00:09:45.020 It was trading education, you know, like stock trading and some memberships and stuff like

00:09:49.240 that.

00:09:49.660 Okay.

00:09:49.980 So no, I'm not familiar with what you're talking about.

00:09:52.520 Like stock market.

00:09:53.440 Okay.

00:09:53.800 So you became an investor?

00:09:56.240 No.

00:09:56.720 I was selling classes that taught people how to become day traders and stuff.

00:10:01.720 Okay.

00:10:01.980 So day trading courses.

00:10:02.960 Really bad products, I'll be honest.

00:10:04.520 But.

00:10:04.760 Really?

00:10:05.000 You know, I just had to, you know, I was taking the job that would hire.

00:10:09.620 Okay.

00:10:10.000 So the, but the, the actual product wasn't a good product or it just, you thought it was.

00:10:14.100 It was fine.

00:10:14.700 Just people shouldn't be day traders.

00:10:16.080 That's the thing.

00:10:16.680 Oh, I see.

00:10:17.060 It's like 90% lose money.

00:10:18.760 It's not that the people that were teaching it were bad or the education itself was bad.

00:10:22.360 It's just like, that's probably too risky for your average person to get into.

00:10:26.920 So it's just a risky thing to get into.

00:10:28.360 Risky to get into.

00:10:29.120 But luckily the people I was selling to, they were with people with too much money, too much

00:10:31.940 time.

00:10:32.520 So they were.

00:10:32.980 Yeah.

00:10:33.280 It wasn't like.

00:10:34.260 You weren't selling it to children or whatever.

00:10:35.300 No.

00:10:35.640 Okay.

00:10:35.860 No.

00:10:37.040 Especially since, I mean, I think you have to be 18 to open a brokerage or at least to

00:10:40.580 open those kinds of accounts, if I'm not mistaken.

00:10:42.720 But actually being able to build that like personal business, personal brands and getting to the top

00:10:48.400 of the sales team, eventually getting to the place, you know, bringing in six figures.

00:10:51.480 Wow.

00:10:51.580 So grinding for a couple years, I focused on paying off my grandparents first because it's

00:11:00.200 family debt.

00:11:01.020 It's a little emotional.

00:11:02.240 That's probably not what I would necessarily suggest today to people that I'm talking to,

00:11:05.960 but that's what felt right in that moment.

00:11:08.400 And then the credit cards.

00:11:09.020 Is it about paying off your grandparents?

00:11:10.320 Absolutely.

00:11:11.260 Well, yeah, because you have to see them.

00:11:12.540 You still have to answer their calls and you have to hear the timbre in your grandmother's

00:11:16.360 voice, you know, knowing that they're concerned about their future because they're missing

00:11:20.400 a little bit of their nest egg.

00:11:21.640 Exactly.

00:11:22.280 Exactly.

00:11:22.740 And they were nice enough to give me that money in a hard time.

00:11:25.400 I got to be nice enough to prioritize paying it back.

00:11:27.680 Right.

00:11:28.080 And then the 30 percent, couple 30 percent credit cards I had from there, about 10,000

00:11:32.200 hours total in credit card debt.

00:11:33.700 And then Sally Mae, you know that bitch?

00:11:35.880 Oh, yeah.

00:11:36.420 The loan specialist?

00:11:37.500 Yeah.

00:11:37.840 No, she's not.

00:11:38.500 She's not great.

00:11:39.460 So I had some like 12 percent interest, private student loan debt, maybe 15 percent.

00:11:43.400 It just kept ballooning.

00:11:44.520 So I focused on paying that off after that.

00:11:46.760 But those are private ones, right?

00:11:47.840 So there's there's ones you get from the state that are lower percentage.

00:11:50.520 Mm hmm.

00:11:51.040 OK.

00:11:51.320 Yep.

00:11:51.500 I had federal back student loans.

00:11:52.660 I still do because I'm not going to pay them off because they're only four percent.

00:11:55.700 And actually, mine are like three percent.

00:11:56.900 So I'd rather invest instead.

00:11:58.380 Right.

00:11:58.520 So I'm just doing my minimum monthlies there.

00:12:00.040 But yeah, so because Sally and her 15 percent were just so crappy, I focused on paying those

00:12:06.980 off next.

00:12:08.520 And then eventually my car debt as well, because that was also like 11 percent for a Nissan

00:12:12.580 Altima 2013.

00:12:13.940 I don't know if you're a Nissan Altima girly, but their transmissions, they all die immediately.

00:12:19.260 Yeah.

00:12:19.640 It was like 60,000 miles and the transmission was dying.

00:12:23.060 So I already owe debt on it.

00:12:25.320 Oh, yeah.

00:12:25.820 Altima is definitely a lot of Latinos would drive them.

00:12:30.500 I know.

00:12:31.320 And then my ex-girlfriend drove one.

00:12:33.700 Oh, OK.

00:12:36.080 So so you started to get out of debt.

00:12:37.520 You got some you got some money going.

00:12:38.960 You found out that, OK, you realize maybe this good the direction you were going in in school

00:12:42.420 wasn't for you.

00:12:43.340 It's something you started to make some kind of like severe choices.

00:12:45.420 Right.

00:12:45.980 Yeah.

00:12:46.320 Big life choices.

00:12:47.200 Moving across the country, packing up the sedan, you know, going from Michigan to Texas,

00:12:51.000 I guess it's not across the country, but it was a big move for me and focus on paying

00:12:55.580 off that debt.

00:12:56.100 And that's once I got my emergency fund, which is what we prioritize after paying off high

00:13:00.140 interest debt.

00:13:00.920 That's where I was like, I can finally start accomplishing the dreams I wanted to.

00:13:04.860 And I was putting 10 percent down on a house here in Austin.

00:13:07.900 Oh, wow.

00:13:08.160 And that was my big goal.

00:13:09.680 And were you still doing sales at that point?

00:13:11.700 Yes.

00:13:12.180 Yes.

00:13:12.440 I was still doing sales and I started moving in the world of like product management in

00:13:17.040 the tech world.

00:13:18.800 But like, what does that mean?

00:13:20.140 So it was kind of like fake product manager.

00:13:22.540 I'll be honest for all those that know product management out there.

00:13:24.660 But I was like overseeing memberships at that company that I was talking about and trying

00:13:30.440 to improve their products.

00:13:32.120 And I was kind of overseeing that working with different teams.

00:13:34.420 But I was transitioning to that world because, again, I just like the I like running some

00:13:39.260 things.

00:13:39.660 That's why I like building out the company that we have now and having management over

00:13:43.160 products and just making a better experience for the clients.

00:13:46.060 OK.

00:13:46.760 And is the product you sell now to people?

00:13:48.720 Is that a more helpful product, you think, than the first one, the other?

00:13:52.800 Oh, absolutely.

00:13:53.480 The day trading stuff?

00:13:54.260 Yeah, because what we're doing now, like our simpler budget app, like that is an app that

00:13:59.560 people can use and actually follow a budget, hit the goals that they're trying to do.

00:14:03.980 It's things that actually help people instead of like, hey, there's a 10 percent chance

00:14:08.380 you might be successful in this field.

00:14:10.200 Good luck.

00:14:10.940 Right.

00:14:11.180 That was kind of the products back then.

00:14:13.040 But yeah, so people can actually, you know, finally take control over their destiny.

00:14:17.720 OK.

00:14:18.600 What is you talk a lot?

00:14:20.280 OK, so I feel like I have a decent understanding now of how you kind of got to where you are.

00:14:24.440 Yeah.

00:14:24.600 Right.

00:14:24.820 Like a lot of it sounds like you're like, OK, college isn't for me.

00:14:27.020 I need to change that.

00:14:28.220 These are the high interest things that I need to I need to I need to get a job or find a field.

00:14:33.200 You found sales.

00:14:34.200 It's working well for me.

00:14:35.680 So and then I need to find out the specific the higher interest things I need to get out

00:14:39.320 of those first.

00:14:39.940 The lower interest things I can keep, because if I can invest at a slightly higher interest

00:14:43.920 rate, then I'm going to be hypothetically or hopefully paying those off over time, assuming

00:14:49.340 I can make more than the three or four percent.

00:14:51.040 Exactly.

00:14:52.160 OK, so now you now you have a YouTube channel where you kind of talk.

00:14:56.300 It seems like to a lot of like Gen Z.

00:14:57.860 Is that kind of safe to say Gen Z Millennials?

00:14:59.520 Gen Z Millennials.

00:15:00.160 OK, what is the number one thing that they are going into debt over now in America?

00:15:06.120 Cars, man, cars, everything's drivable infrastructure here.

00:15:10.100 So you have no choice but to get a car.

00:15:12.180 You need a car to get a job to pay for the car.

00:15:14.860 Right.

00:15:15.000 They kind of locked us into that.

00:15:16.340 Yeah.

00:15:16.800 What's that?

00:15:17.300 Is there a theory that they that they did that on purpose, that a lot of that's done on

00:15:22.080 purpose, you think that we had that they created like this car economy?

00:15:26.740 Can you look up just see what you find on that?

00:15:28.560 Well, I know in the 1950s, right, that's where they start passing like the highway

00:15:32.680 infrastructure bill and that it's a lot of it for inner intercontinental connection,

00:15:37.560 especially for military safety, being able to move things back and forth across cities.

00:15:41.940 But with that, they came into the cities like Dallas and Houston and L.A.

00:15:46.520 and they bulldoze massive communities and just build highways throughout.

00:15:49.720 Then you had white flight from the cities to the suburbs.

00:15:52.600 And then in order to get to the city where the jobs are, got to drive on the highway.

00:15:55.600 And it's a cycle from there.

00:15:57.300 Yeah.

00:15:57.480 I think you pretty much just answered it.

00:15:58.780 That's what it seems like a lot of that is.

00:16:00.260 It was like, yeah, people wanted to also live in the suburbs.

00:16:03.400 They didn't want to be in the place maybe right, you know, in a around a bunch of building

00:16:07.100 stuff.

00:16:07.400 You want to have a yard.

00:16:08.320 You want to have a little bit more space.

00:16:09.620 And cities went to shit after that, too.

00:16:11.400 It really did.

00:16:12.220 Yeah.

00:16:12.440 Whether it's funding or just the job opportunities like they went to shit like New York in the

00:16:16.360 80s was a shithole.

00:16:17.400 Right.

00:16:18.000 So that's.

00:16:19.380 Yeah.

00:16:19.880 Yeah.

00:16:20.160 And then I think you have a lot of people like if people want to have a yard and want

00:16:22.780 to have an environment they take care of, then they kind of if they take that energy

00:16:26.280 out of the city, then that's not in the city anymore.

00:16:29.180 People want to live in the city now, though.

00:16:30.900 People are giving up their car.

00:16:32.200 And in my age range, you know, in the audience's age range, they want to live in those more

00:16:36.320 walkable communities.

00:16:37.560 I move into a walkable community.

00:16:39.120 I love to not have to drive.

00:16:41.160 Oh, yeah.

00:16:42.440 It's a nightmare.

00:16:43.360 Yeah.

00:16:43.540 Kind of like my parents.

00:16:44.380 It was the thing where they wanted to drive into work and drive home.

00:16:46.660 And that was part of like the commute, you know, is almost part of their lifestyle.

00:16:51.280 Yeah.

00:16:51.600 You know, I think that was like a big part of the lifestyle then.

00:16:54.820 Let me see.

00:16:55.440 Commuting as we know it today with people regularly traveling significant distance between home

00:16:59.500 and work became prominent during the mid 19th century, primarily due to the Industrial

00:17:03.960 Revolution, which led to large population shifts towards urban areas and the development

00:17:07.800 of suburban communities accessible by newly established rail systems, allowing people

00:17:13.040 to live further from the workplace and commute into work regularly.

00:17:16.380 The term commute itself originates from this era of early rail travel where people paid

00:17:21.240 a commuted fare for regular travel to the city.

00:17:24.980 Oh, wow.

00:17:25.460 So I guess if you were one like a person that came every day for their job into like, you

00:17:31.280 know, rural New York into the New York City, then you paid a commuted fare.

00:17:36.440 Sure.

00:17:36.840 Yeah.

00:17:37.420 And I'm honestly not against like the driving if you want to or living with more space.

00:17:43.400 I'm not against that at all.

00:17:44.300 Like I actually like that.

00:17:45.740 The community I'm moving to is kind of like that.

00:17:47.500 It's a hybrid.

00:17:48.320 But what I don't like, dude, I don't know how much you know about zoning in the US, but

00:17:52.920 it's crazy.

00:17:53.880 You know, we're supposed to be like this capitalist bastion of freedom, but we don't

00:17:58.020 let anyone build what they want on their property.

00:18:00.280 So you live in a neighborhood and in order to get a coffee, you have to drive 10 minutes because

00:18:04.560 no one can build a coffee shop in the neighborhood because we tell people what they have to build

00:18:08.120 instead of letting the people determine the market and the market determining what gets

00:18:12.880 built in places.

00:18:13.800 That's what I want to see, a more freedom-esque living situation where people can build their

00:18:18.860 communities.

00:18:19.460 Yeah, I think that that's fair.

00:18:20.460 But then I guess what if you had a, you have a place you finally call home, you love it.

00:18:24.360 And then somebody next door builds like a neon light shop or something.

00:18:29.220 Yeah.

00:18:29.520 And they're just huge and they're put billboards up in their yard.

00:18:32.360 Like that kind of thing, I feel like would lead to war.

00:18:35.600 Yeah.

00:18:35.780 That's more like HOA, you know?

00:18:37.380 So like, I'm okay with like small communities coming together and deciding what's good for

00:18:40.900 their community, but a whole state or a city saying, no, you know, you're 40 minutes from

00:18:46.280 city hall.

00:18:47.100 You can't build a bakery there.

00:18:48.300 Right.

00:18:48.840 Sorry.

00:18:49.140 A highway has to go there.

00:18:50.220 Yeah.

00:18:50.440 So, yeah, I guess sometimes you don't know what a city's overall strategies are too.

00:18:55.080 It's like sometimes just as a regular citizen, even though you may think that we do, maybe

00:18:58.640 we wouldn't know sometimes what their overall strategies are.

00:19:01.260 There's this crazy concept where Austin, we built housing, you know, we just allowed

00:19:06.100 developers and capitalism to take place.

00:19:08.300 So we built housing.

00:19:09.560 Guess what's been the largest rent decrease in the nation?

00:19:11.960 Austin.

00:19:12.580 Who would have thought?

00:19:13.680 The largest rent decrease.

00:19:14.580 Why?

00:19:14.760 Because it's extra housing.

00:19:15.760 Yeah.

00:19:16.000 We built so much housing.

00:19:17.120 Yeah.

00:19:17.660 Because we just let capitalism happen.

00:19:20.040 But so you're saying that's the bad side of it.

00:19:22.980 Well, it sucks for people, I guess, property values or landlords, but it's good for people.

00:19:26.940 But it's also a blessing for people that can live.

00:19:28.120 Yeah.

00:19:28.320 Oh, well, one of the worst things that happens in a lot of places is the artists and stuff

00:19:32.360 are the first to have to leave an area because they're the ones who can't afford to live

00:19:35.680 there anymore.

00:19:36.320 You know, I think that happens in a lot of cities where, you know, rent prices start to

00:19:40.380 go up.

00:19:40.700 And then the guy who's like just doing his best to make ends meet, who plays a saxophone

00:19:45.300 or, you know, who runs an art studio, they can't afford to keep their, you know, they're

00:19:49.120 kind of the first to go a lot of times.

00:19:50.780 Yeah.

00:19:51.360 Gentrification is weird because like, honestly, you kind of go in there, you do get better

00:19:56.460 restaurants, you get better amenities.

00:19:58.600 Things do become nicer and safer.

00:20:00.320 But then there is like that dude who gets pushed out.

00:20:03.020 So there's like there's positive gentrification is a bad word, kind of a swear word, you know,

00:20:07.560 because what is gentrification?

00:20:08.700 You mean it means white people moving in and moving people out.

00:20:11.080 I think it's more just money and development, but people do associate it with that.

00:20:14.560 So yeah, so gentrification is the process whereby characters of a poor urban area is

00:20:19.120 changed by wealthier people moving in, improving housing and attracting new businesses, typically

00:20:24.040 displacing current inhabitants of the process.

00:20:26.600 Right.

00:20:26.780 So they're kind of you lose a lot of culture.

00:20:28.700 Yeah.

00:20:29.020 Because you.

00:20:29.880 Well, you develop new culture, too, but you you you lose like the old culture.

00:20:33.400 Yeah.

00:20:34.120 That's where I want more access, like home ownership, because if someone owns a home in

00:20:37.680 that area and gentrification happens, you know, they can make a lot of money.

00:20:40.340 So I want the people who are already there to have access to be able to get into the

00:20:43.840 home and buy it.

00:20:44.600 It's the renters that get pushed out.

00:20:46.120 Yeah.

00:20:46.240 Like the saxophone guy.

00:20:47.120 He'd be the one that gets pushed out.

00:20:48.440 And that sucks.

00:20:49.000 Yeah.

00:20:49.100 You lose a lot of authenticity there, too.

00:20:50.860 You lose people who know the lore of the neighborhood and then everything just starts

00:20:55.120 to be a Panera bread, too, which really starts to suck.

00:20:57.580 Chain.

00:20:57.900 Yeah.

00:20:58.140 That's one thing that starts to happen in a lot of places is you just run a lot of

00:21:01.300 the same and a lot of a lot of cities start to look the same.

00:21:05.020 Yes.

00:21:05.680 And then you don't have any.

00:21:06.840 There's no reason to even go to another city like, why do I want to go there if it's just

00:21:10.840 going to be another restaurant that's just next door to me?

00:21:13.400 Yeah.

00:21:13.580 I think they're called like five by ones, like all the buildings that you see everywhere

00:21:17.600 where they're like five story apartment complexes with the same chains on every floor.

00:21:21.780 This is the cheapest to build.

00:21:23.100 That's usually what the again, the city messes it up by only zoning for that because everything

00:21:27.860 has to be one size fits all.

00:21:29.800 Yeah.

00:21:29.980 Nashville's ruined.

00:21:30.760 They have a great area there called 12 South and it has all these like great little

00:21:34.240 shops and stores.

00:21:35.300 And then now it's just been it has like a rag and but just like it had like quaint vibes.

00:21:41.540 You could walk down.

00:21:42.380 It just felt like you were in like a neat pocket.

00:21:45.460 And then now it just feels like you can barely tell the difference between there and if you're

00:21:50.180 walking down like South Congress in a way.

00:21:52.920 Yeah.

00:21:53.280 So you're still in Nashville.

00:21:54.460 You ever going to move to Austin?

00:21:55.620 I might.

00:21:56.220 I'm thinking about it.

00:21:57.000 You know, I'm thinking about if I could afford to get a home here and keep a home here,

00:22:00.440 you know, oh, you could then I would be able to go back and forth, you know, oh, if I financially

00:22:05.400 audited your statements, I know you could get home.

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00:24:55.720 So just to kind of circle back into where we were, so one of the major things you're saying

00:24:58.940 that Gen Z faces is?

00:25:00.900 Well, car debt for sure.

00:25:02.040 That's what every American faces.

00:25:03.780 It's car debt.

00:25:04.360 It's, yeah.

00:25:05.240 Again, you have the car so you can get to work to get the paycheck to pay for the car.

00:25:08.980 That's the first thing my mom said.

00:25:10.000 She's like, okay, you're going to get a car to get to work to pay for your car.

00:25:13.880 Yeah.

00:25:14.100 And it really was the truth kind of.

00:25:15.920 It really is.

00:25:16.660 But also having that freedom was great, you know?

00:25:18.540 Yes.

00:25:18.880 And I want to like just kind of correct what I said.

00:25:21.440 Like I'm totally for driving anywhere if you want to.

00:25:24.960 Just wish there's more options.

00:25:26.000 It's kind of you're forced to drive.

00:25:27.660 Yeah.

00:25:27.940 So that's pretty much it.

00:25:29.820 Oh, yeah.

00:25:30.140 They won't even let you take a scooter or a lime on the interstate.

00:25:36.660 Yeah.

00:25:37.400 You know?

00:25:37.820 Which is crazy.

00:25:39.000 Like there might be one state allows it.

00:25:40.780 What state allows scooters on the interstate?

00:25:42.720 Can you bring that up?

00:25:44.220 What state is allowing you to scooter on a highway?

00:25:48.060 It might be New Hampshire or something.

00:25:50.540 They don't give a fuck.

00:25:52.020 As long as you're an organ donor, they'll let you fucking do whatever you want, bro.

00:25:55.740 As long as you are donating plant-based organs back to society.

00:26:00.700 That's wild.

00:26:01.400 Um, so, uh, when I was a kid, they had, you felt like you had to have a job, right?

00:26:06.740 And my mom or my, um, you know, I was raised by my mom.

00:26:11.040 She always had a job.

00:26:12.180 She had a job.

00:26:12.880 Like, I don't think she only had like, she just, it was always work, you know?

00:26:18.240 And parents would have been ashamed if they didn't have a job.

00:26:21.740 Do, do the younger generations feel that same way?

00:26:24.960 Like people that you're talking to, do they have that same feeling about work?

00:26:28.440 No, there's something really interesting happening in our culture right now that I cannot define super well.

00:26:34.780 I always mess up with the words infantile, infantilization.

00:26:40.460 Infantilization?

00:26:41.420 Infantilization, yes.

00:26:42.420 Okay.

00:26:42.860 Thank you.

00:26:43.320 A lot of people, I don't know.

00:26:44.880 Everyone's like, I'm 19, I'm still a child.

00:26:48.660 There's a lot of that conversations that I'm having on my show.

00:26:50.900 And honestly, I didn't notice it too much until I started my doing my show.

00:26:53.680 And then, you know, being a little active on Reddit or Twitter.

00:26:56.500 It's like, everyone's really acting like they're a kid until they're like 25 now.

00:27:03.060 I don't really know what's happening.

00:27:03.660 Like tall baby syndrome, kind of.

00:27:04.720 I was so excited to be 18 and have my freedom and just go make money, do what I want, go to college, figure it out.

00:27:11.100 And there's so many learning lessons you get during that time period.

00:27:14.500 But now it's like, I'm a child.

00:27:17.040 Not everyone, but it definitely feels like a cultural shift.

00:27:19.780 Huh.

00:27:20.060 You know those predator, like, beating videos online?

00:27:23.780 Oh, yeah.

00:27:24.320 There's so many of them now.

00:27:25.540 Yeah.

00:27:26.140 One thing that I just saw yesterday on Twitter, or X, that was just kind of demonstrating what happens when Gen Z meets with those predator beating videos.

00:27:37.720 They lured someone, you know, as usual, to meet an underage person to beat the crap out of the person.

00:27:43.440 But the Gen Z people lured a 21-year-old to meet an 18-year-old and beat the shit out of the 21-year-old for meeting an 18-year-old because it's a huge, crazy, underage 18-year-old who's a child.

00:27:58.740 Right.

00:27:59.300 So we must beat the crap out of the 21.

00:28:00.940 It's really weird.

00:28:02.420 Like, what are you saying?

00:28:03.280 Like, that was just, like, they can't even do that, right?

00:28:05.420 You're saying?

00:28:05.880 Like, or, uh, um.

00:28:07.200 No, it's just, it's, it's thinking that.

00:28:09.420 Oh, I see, it says five Worcester, Worcester, Worcester, Worcester.

00:28:16.940 Oh, Brandon's on it.

00:28:18.340 Students charged after mob beats up falsely accused child predator, and that's in Worcester.

00:28:22.740 Oh, I'm sorry, I know this place.

00:28:24.280 Worcester, Mass.

00:28:25.540 Five students from Assumption University in Worcester are facing charges of kidnapping and assaulting a man for a TikTok inspired to catch a predator.

00:28:33.220 Police are saying that the man did nothing wrong as court documents state the man went to meet a woman who was listed as 18 years old online.

00:28:42.420 So, so what are we saying here?

00:28:44.660 Are we saying the school would not say what disciplinary action, if any, may take?

00:28:48.200 First of all, the math department should take action against these, against these fucking predators.

00:28:53.200 Yeah.

00:28:53.660 Because you have to at least be a predator.

00:28:56.940 Yes.

00:28:57.320 You can't just, I mean, it's so hard to meet people now.

00:29:00.000 And this guy finally comes out of his house to meet somebody, and he gets jumped.

00:29:04.720 That's crazy.

00:29:05.500 But, no, you're seeing it all over social media right now.

00:29:08.400 But what are you saying about this?

00:29:10.080 I'm saying that they think you're still a child at 18 and 19 and 20.

00:29:13.620 Oh, I see.

00:29:14.540 You're saying so that you think part of that was this.

00:29:17.280 Yeah.

00:29:18.000 I mean, they're talking about age gaps.

00:29:19.540 If you're dating with someone two years, like over two years, people are freaking out now online.

00:29:26.040 It's crazy.

00:29:27.200 The pearl clutching is wild online right now.

00:29:29.340 Lots of just, like, over-sensationalized everything right now.

00:29:33.480 But I'm seeing that in these conversations where people are, like, 20 and they think they're still a child.

00:29:39.340 They don't have to – there's no responsibility yet.

00:29:42.780 They can just lean on everyone around them, their family, and they just don't have to take care of anything yet.

00:29:48.520 And that – it's kind of hard to see.

00:29:50.320 But that case that we just saw is further demonstrating that impacting other parts of the culture as well.

00:29:56.140 Like, we're seeing it across the board.

00:29:57.340 There's also this – on TikTok especially, there's, like, this victim Olympic stuff going on where people are trying to over-victimize.

00:30:06.500 Like, I'm more of a victim than you from this thing.

00:30:09.160 And it's, like, it's an always over – just stepping over each other on who's the biggest victim.

00:30:14.420 I – it's so funny you say that.

00:30:16.020 I saw something like this.

00:30:17.640 I love where you're at, man, because even some of the things you're saying, it's, like, things that I couldn't – you're just at this really unique intersection, I think.

00:30:25.940 Like, I just wanted to say that.

00:30:29.000 I'm just realizing that more as I talk to you.

00:30:32.060 But, yeah, I'll see things it's, like, yeah, the fires are really bad, but realizing that it's been 11 days since your boyfriend texted you back, right?

00:30:38.680 And you're, like – and someone will be walking down the street with flames in the back, but they're making it about them and their boyfriend or something, you know?

00:30:46.940 That's crazy.

00:30:47.460 Or I hope my door dasher's okay.

00:30:49.340 It looks dangerous out here today.

00:30:52.520 And they'll be from their balcony looking for their taco order, and there's buildings on fire.

00:30:58.860 Like, what are we – fucking –

00:31:00.300 I don't know, man.

00:31:01.360 Turn on your stove and also leave and go rescue yourself.

00:31:06.580 You're going to risk it all for some raviolis?

00:31:09.380 Yeah.

00:31:10.820 It's just – it's almost like people don't even feel like they're going to die.

00:31:14.260 It's almost like – yeah, some – before we get – before I go off on too much of a tangent, whose fault do you think that is that there's some of that mentality, right?

00:31:26.680 Dude.

00:31:26.940 Is it the parents or is it just society?

00:31:30.200 Who's – where are you finding the fault of that, you know?

00:31:32.880 I haven't seen parents, like, talk about it, so I don't see them doing it.

00:31:36.680 I'm sure there's always an impact, right?

00:31:38.260 But I think a lot of the TikTokification of things – and I love TikTok.

00:31:43.380 I mean, we got a billion views on TikTok last year, you know?

00:31:45.660 Congratulations, man.

00:31:46.780 Well, thank you.

00:31:47.440 But, like, even still, there's – I've seen videos of examples of people talking about a story from their past, and they're just sharing a story about something that was just, you know, slightly inconvenient.

00:31:59.280 And then people go in their comment sections and say, no, actually, you're a victim.

00:32:04.120 You're a victim of all this, that, this, that.

00:32:07.480 Like, there was some TikTok I was watching.

00:32:10.320 I don't know.

00:32:11.080 I think I was watching a reaction to it.

00:32:12.560 Someone was talking about how they had an awkward hand-holding experience when they were in high school.

00:32:16.600 And people were going through the comments like, no, you were raped.

00:32:20.120 And it's like, fuck me.

00:32:22.360 And they're just – I don't know.

00:32:23.600 It's just this enabling –

00:32:24.960 Thumb raped or knuckle raped, shit, like, stuff like that.

00:32:27.120 You're like, that's – what, are you going to do a swab kit now on my hand, you know?

00:32:31.900 It's very interesting.

00:32:32.980 So people – it's just kind of this reoccurring thing where just everyone's trying to one-up each other on the victim scale but also trying to tell other people that they're victims.

00:32:40.820 It's really interesting.

00:32:42.080 But we're also starting to see a little bit of a cultural shift in it, I feel like, where, like, not everyone's, like, respected immediately who comes out of the gate and just, like, you know, tries to act like this big victim all the time.

00:32:54.340 Especially other creators that try to come out and be like, I'm a big victim from this other creator who, like, said something bad about me.

00:33:00.940 And then you can clearly see when you, like, look at their social blade and that video they made was their most popular video of all time.

00:33:06.080 I'm like, oh, wonder why they did that.

00:33:07.940 Right.

00:33:08.140 So now they're – oh, if somebody gets views off of victimhood.

00:33:11.580 Yeah, in some ways.

00:33:12.680 I mean, but –

00:33:13.120 I think you saw – go ahead.

00:33:14.560 A little shitty part is it actually just diminishes, like, real victims.

00:33:17.340 Oh, for sure.

00:33:18.100 Well, I think you saw – I saw this with Mark Zuckerberg the other day.

00:33:20.880 He was on Joe Rogan's show, and he was talking about – bring up some of the clips.

00:33:27.300 He was talking about how Mark Zuckerberg tells Joe Rogan podcast Biden administration tried to censor memes in surprise episode.

00:33:38.460 These people from the Biden administration would call up our team and, like, scream at them and curse.

00:33:45.940 And it's like these documents are – it's all kind of out there.

00:33:48.960 Do you record any of those phone calls?

00:33:51.120 I don't – no, I don't think – I don't think we were –

00:33:53.000 But I think –

00:33:53.760 I want to listen.

00:33:54.420 I mean, there are emails – the emails are published.

00:33:56.720 It's all kind of out there.

00:33:58.720 And they're like – and basically it just got to this point where we were like, no, we're not going to take down things that are true.

00:34:07.340 That's ridiculous.

00:34:08.180 They want us to take down this meme of Leonardo DiCaprio looking at a TV talking about how 10 years from now or something, you know, you're going to see an ad that says, okay, if you took a COVID vaccine, you're eligible, you know, like, for this kind of payment.

00:34:24.480 Like, sort of like class action lawsuit type meme.

00:34:28.660 And they're like, no, you have to take that down.

00:34:30.500 And we just said, no, we're not going to take down humor and satire.

00:34:33.180 Okay, that's good.

00:34:33.780 And I – first of all, I believe you will probably see things like that because it's a lot how the drug – how drug companies work, right?

00:34:43.320 But I think this is exactly what he's doing.

00:34:46.420 He's – because they had – like, there was – they admitted before to like only putting certain stuff up during like deciding – them deciding what it was misinformation or not, right?

00:34:57.820 Which – which is just – it's a – it's awkward for a platform to decide, right?

00:35:03.540 Yeah.

00:35:03.680 Kind of.

00:35:04.280 Like, unless something is, you know, sexual, violent, things like that, I don't think that should be on, you know.

00:35:09.700 But for them to decide – for them to decide what was misinformation.

00:35:15.540 But I feel like that's what he's doing here now.

00:35:17.680 He's playing the victim here.

00:35:18.900 He's trying to say –

00:35:19.940 Oh, I see what you're saying.

00:35:20.760 That, oh, we didn't – they were telling us to do stuff instead of him saying we were doing these things, right?

00:35:27.540 They're calling and swearing.

00:35:29.320 Yes.

00:35:29.460 Oh, no, not swearing.

00:35:30.700 Right.

00:35:31.160 Oh, no.

00:35:31.760 Right.

00:35:31.980 He's just trying to say, oh, we were – we were a victim of all this.

00:35:35.200 And you're almost playing – now you're pointing fingers at a sinking ship since the – Biden is, first of all, you know, he's not – it's not fair to communicate with him, I don't think, and probably hasn't been for a bit because he's just not mentally well, right?

00:35:48.140 And no judgment against his party or – but just to me, I've always felt like they were taking advantage of a senior citizen, right?

00:35:53.860 Like, if that were my father or grandfather, I'd be kind of upset.

00:35:56.840 But, you know, that people are marching him out every day because he believes what you're telling him, right?

00:36:01.700 He believes that he's fully capable and competent, right?

00:36:05.020 Okay, all right.

00:36:06.060 But, yeah, in this instance, that's exactly – you say that there's creators doing that.

00:36:10.100 I think this is one of the biggest creators doing exactly what you're saying.

00:36:14.100 Well, I mean, we had a prime example.

00:36:15.880 We called the episode – our titles are wild.

00:36:18.360 But someone finally walks off financial audit.

00:36:21.180 I guess that's actually not that.

00:36:22.180 Someone finally – what you said just –

00:36:23.580 Walks off financial audit.

00:36:25.180 Okay.

00:36:25.660 And one of her big – like, she was a perpetual victim throughout her life.

00:36:31.080 One of her big things is she sat down and we were talking about creating a better income for her.

00:36:36.860 And she said, my therapist told me I can't have a boss.

00:36:40.060 So, she can't work ever because she's not able to have any kind of authority around her because it would make her feel too –

00:36:49.060 Triggered or something.

00:36:49.960 Yeah.

00:36:50.440 Right.

00:36:50.660 So, she just couldn't have a boss ever.

00:36:52.440 Right.

00:36:52.540 Also, she can't do any physical activity or labor or anything.

00:36:55.960 So, has to sit down and do her veterinary stuff from her house but won't get hired.

00:37:02.340 And half of her resume, by the way, was like activist stuff anyway.

00:37:06.300 So, like someone you'd be a little afraid of hiring because you don't know what they're going to do to the culture of the company.

00:37:11.400 So, she's not going to get hired but she also can't have a boss.

00:37:14.440 Right.

00:37:14.560 But she kind of low-key does have a boss if she's listening to her therapist because then the therapist is like, well, you're going to pay me and you almost become an employee of your therapist.

00:37:22.780 In some ways, I'm not saying that's exactly what happened but sometimes that will happen to people.

00:37:26.940 And then, yeah, people are like, I can't lift anything heavy because like in a past life, I was a weightlifter or something who was injured.

00:37:33.020 And you're like, well, fucking, we got to get the boxes on the shelves.

00:37:36.520 Okay.

00:37:36.800 Like –

00:37:37.240 It is difficult.

00:37:37.900 Yeah.

00:37:38.460 And she may have had a physical disability with that.

00:37:40.680 Agreed.

00:37:40.920 But not having – not being able to have a boss.

00:37:43.080 It's like you can't just – but then complain about how everything's bad.

00:37:47.460 And I – let's be honest.

00:37:49.040 There's no way her therapist told her she shouldn't have a boss.

00:37:52.000 Yeah.

00:37:52.300 A therapist wouldn't say that.

00:37:53.660 Yeah.

00:37:54.240 Well, a lot of times you'll pay and then you'll – but that kind of becomes a – like an emotional race card in a way sometimes where people are like, yeah, my therapist said that.

00:38:05.280 Yeah, absolutely.

00:38:06.640 I mean she was lost all over the place so I'm not surprised.

00:38:08.940 But, again, she was also another victim kind of in her relationship.

00:38:13.800 She was dating a dude for eight years.

00:38:15.240 They got married.

00:38:16.160 But she decided two weeks into her marriage she wants to try titties, you know, just on the other side.

00:38:22.260 Date women, you mean?

00:38:22.840 Yeah.

00:38:23.140 Okay.

00:38:23.560 Just go over the other side and hang out a little bit.

00:38:26.000 He didn't want to.

00:38:26.700 So he's a bad person for leaving her because she wanted to, you know, date women two weeks into marriage.

00:38:33.160 Right.

00:38:33.460 You can't just be funding lesbianism if you don't want to be – yeah, it's like –

00:38:37.380 Yeah.

00:38:37.520 You can support it, but if your wife leaves you, you shouldn't still have to be the guy funding it.

00:38:41.300 Yeah, or if you don't want to be open especially, yeah.

00:38:43.880 Yeah.

00:38:44.300 Yeah, you want to commit a relationship.

00:38:45.700 So he's the bad guy because –

00:38:47.340 Right, so a lot of blame.

00:38:48.580 Yeah, two weeks into marriage.

00:38:50.860 What do you – what do you think is the number one thing that's preventing Gen Zers from working?

00:38:58.420 Or do you think we already talked about that?

00:38:59.540 Let me see where we're at right now.

00:39:00.620 Well, I mean, honestly, 60 to 70 percent of Americans say that they're – you know, they report feeling stress about money.

00:39:08.580 60 to 65 say they are living paycheck to paycheck.

00:39:13.200 50 to 60 percent can't cover a $1,000 emergency.

00:39:17.040 One in four have no retirement savings.

00:39:19.600 Median 401k balance is $30,000.

00:39:22.380 Like, I mean, there's a lot of things that people got to catch up on.

00:39:25.380 And the big thing that kind of sucks – and this is where I do feel bad for any younger generation where college is getting more expensive.

00:39:31.500 Life gets more expensive.

00:39:32.460 I mean, that's what happens.

00:39:34.280 You need to start saving as early as you can because, like, income is not your biggest wealth-building tool, as Dave Ramsey says.

00:39:41.540 I'd say that time is because you need time in the market to let it grow.

00:39:44.920 If you put $1 in at $20, it's worth so much more than $1 in at $30.

00:39:49.360 But the more expensive things are and the more we treat you like a child who doesn't have to work and it's okay to take your time after college and it's okay to go into debt and it's okay to do all this stuff.

00:40:01.520 The further you are from not only putting money towards retirement but covering the $1,000 emergency or paying off the debt that's eating 30% interest a year.

00:40:10.880 Yeah, the more you have that – the more that that mentality is accepted and nurtured and becomes, like, a habit, then surely the further you are from – if you're not even taking care of your responsibilities or, you know, hitting, like, a bottom line or breaking even, then, yeah, you're certainly not going to be investing.

00:40:28.660 Do you see that nepotism is an issue?

00:40:31.080 Because, you know, there's a lot of, like – there was always this idea of, like, Reaganomics where, like, the top so percent will have the money and there will be this trickle down, right?

00:40:38.600 Yeah.

00:40:39.180 But that's never really kind of happened, it felt like.

00:40:42.040 Right.

00:40:43.160 It's interesting, yeah.

00:40:44.360 Do you think nepotism – just how big of an issue is nepotism?

00:40:49.080 Do you feel like – you hear a lot – like, you hear a lot about these days about, like, nepo babies, right?

00:40:52.940 Yeah.

00:40:53.360 I just wonder if you hear a lot about that in, like, the financial world.

00:40:57.300 Like, oh, you're just, like, a trust fund baby or something like that, you know?

00:41:01.620 Honestly, you don't see too much of that in my world.

00:41:04.160 We've seen people that get, like, a big sum of money.

00:41:06.960 I just talked to someone the other day.

00:41:08.320 She got almost a quarter million dollars from a pass-away relative.

00:41:12.140 But she went into that pile of money without any behavior, knowledge of how to utilize money.

00:41:19.340 She's only been in debt throughout her entire life, only just blows all her money, more than she makes.

00:41:24.120 So the moment she got that, well, of course, does it get saved or invested or pay off debt?

00:41:27.860 No, it's gone in five years.

00:41:29.140 Just blowing it on fun stuff.

00:41:30.440 So there is – I'm okay if someone can prove themselves, you know, that they have the talent to be known.

00:41:38.100 And we all – do you have any kids?

00:41:40.120 I don't have any children.

00:41:41.080 I would like to have some.

00:41:42.040 Yeah.

00:41:42.360 I mean, you probably want the best future for them.

00:41:44.320 Right.

00:41:44.480 You do want the best future for your children.

00:41:45.880 For sure.

00:41:46.380 You'd probably be willing to utilize some of your connections to help if you can.

00:41:49.800 Yeah.

00:41:50.020 And I'm okay with that, but it should also be based on skill.

00:41:53.580 So give them the opportunity, but if they fuck up the opportunity, you know, okay.

00:41:57.660 Like, good luck.

00:41:58.640 Yeah.

00:41:59.020 So I'm good with Nepo as long as they're proving it a little.

00:42:01.820 But you got to teach that behavior.

00:42:05.080 Yeah.

00:42:05.200 Teach that behavior so they don't just blow through what you give them.

00:42:08.220 Oh, yeah.

00:42:08.560 I was talking to Lil Boosie one time.

00:42:10.520 He's a rapper if you're not familiar with him.

00:42:11.900 And he was talking about how, like, the hardest thing to teach is your hustle to your children, right?

00:42:18.420 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.

00:42:27.460 Absolutely.

00:42:27.860 And at the same time, want to give them just, you know, the basic needs even, you know?

00:42:31.720 And the basic needs sometimes will be fancier because you have more money to spend.

00:42:35.840 And take me through a couple of examples, if you can, Caleb, of, like, Gen Zers or Millennials and some of the issues, like, just specific things that they showed up with on your show.

00:42:47.480 Okay.

00:42:48.140 Yeah.

00:42:48.600 I mean, we had – this is a couple we just talked about.

00:42:52.220 Because it's so entertaining.

00:42:53.320 Like, this is one thing that's so great.

00:42:55.080 It's like – it really is.

00:42:57.400 It's just like – yeah, it's a financial Jerry Springer.

00:43:00.280 And it's so funny that you had already coined that term for you guys' selves.

00:43:03.440 Well, people use it as an insult, but it's not.

00:43:05.460 So, I just accepted it.

00:43:06.400 I don't think so at all.

00:43:07.720 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.

00:43:15.480 And then they have fun.

00:43:16.700 Then the audience has fun.

00:43:17.560 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.

00:43:25.800 Or we could do this, like, true, real show that is also just – also really entertaining.

00:43:30.360 Hundreds of thousands, millions of people watch it.

00:43:32.240 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.

00:43:45.140 Yeah, and I think it's almost – 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?

00:43:56.760 Because you're kind of at this perfect section of, like, capitalism and, like, voyeurism, right?

00:44:03.220 Okay.

00:44:03.480 Where I could see they're almost being, like, to catch a predator of somebody, like, buying something that they can't afford and you pull up on them on the spot.

00:44:12.020 You know, it's almost like you're catching them in a transaction.

00:44:15.080 Yeah.

00:44:15.400 And it's like, you know you can't afford this, man.

00:44:17.200 What are you doing, you know?

00:44:18.600 Chop up their credit card on the spot.

00:44:20.200 Yeah, totally.

00:44:20.960 Yeah.

00:44:21.240 Like, I just – I feel like that that's where we're headed, you know?

00:44:25.340 Some people could use it.

00:44:26.700 Oh, for sure.

00:44:27.460 Yeah.

00:44:27.720 Oh, for sure.

00:44:28.740 There's someone walking around a mall right now that should not be in there that is pretending, you know, to – probably has empty bags in their hands that have weights in them.

00:44:39.580 Yeah.

00:44:39.880 Some very light weights or old clothes and is just pretending this illusion of, like, living in some fantasy, you know?

00:44:46.700 Well, honestly, like, cities like Austin and I – you know, Nashville is kind of similar to Austin, so I wouldn't be surprised if Nashville as well.

00:44:52.600 It's like, the richer someone looks, likely the poorer they are because they're really compensating, you know?

00:44:57.120 So, driving a slightly nicer car, nicer clothes, they're usually in mountains of debt where you just have a dude like Zuckerberg.

00:45:03.800 Well, now he looks a little – you know, he's gone carrot head and everything or broccoli head.

00:45:07.860 But, you know, before, he looked like he was, like, poverty.

00:45:10.680 But he's a billionaire, so.

00:45:12.180 Yeah.

00:45:12.960 That's a compensation.

00:45:14.000 Yeah, he kind of has that autism billionaire vibe, you know?

00:45:17.140 Yeah.

00:45:17.640 Which I think is, like, kind of the new – a lot of billionaires are autistic now.

00:45:21.000 You know, it's, like, the new thing, you know?

00:45:22.720 So, who knows what they're going to do, some of them.

00:45:27.500 He looks like he doesn't even eat or anything.

00:45:29.080 Could you imagine him eating a meal?

00:45:31.100 I couldn't.

00:45:32.380 Yeah, so he's gaining, man.

00:45:33.860 He's getting those gains.

00:45:35.540 I know.

00:45:36.180 I'm not saying he's not healthy or something.

00:45:37.800 I just think it's very – he gives off a computer energy to me sometimes.

00:45:43.100 I mean, look up that surfing photo.

00:45:45.140 I mean, dude has a dump truck, you know?

00:45:48.580 You don't get that not eating.

00:45:51.260 There it is.

00:45:51.820 Look at that thing.

00:45:53.260 Good for him.

00:45:54.160 And he's in white face there, so obviously they were reprogramming him or something.

00:45:58.700 You know?

00:45:59.320 And they had to put his face in the shop for a week or something.

00:46:03.880 No, certainly an amazing creator.

00:46:06.060 But I just – I do think there's this very strong link between autism and technological advancement that I think we'll figure out in the future.

00:46:14.320 That'd be nice.

00:46:14.760 I think I have a bit of tism, but probably not enough tism to get to the three comic club.

00:46:20.300 Yeah.

00:46:20.960 Yeah.

00:46:21.340 It's a bummer.

00:46:22.120 Yeah, it's okay.

00:46:22.800 But still, you get graced with a little.

00:46:24.640 Yeah, the two comic club.

00:46:25.860 Yeah.

00:46:26.220 It's fine.

00:46:26.560 Oh, I beat it.

00:46:27.060 I barely beat it, dude.

00:46:28.580 You know?

00:46:29.100 And they said it was very close in our area.

00:46:30.960 Can you take me through a couple of examples of just so my listeners can know, like, some of the stuff that's on your show, right?

00:46:38.600 Yeah.

00:46:38.940 I mean, do you want them to pull up some shorts even?

00:46:41.700 Yeah.

00:46:42.140 I mean, I know we have a couple.

00:46:43.940 Oh, sure.

00:46:45.080 We were just talking to this couple.

00:46:49.120 They're both – okay, I try not to get canceled.

00:46:54.060 I guess a lesbian couple.

00:46:54.980 Oh, no.

00:46:56.920 We know what lesbians are.

00:46:58.020 Yeah.

00:46:58.660 Yeah.

00:47:00.300 They just – they're obsessed with Disney.

00:47:03.200 Lots of Disney adults are, and they're Gen Z, and they are obsessed with birthday months.

00:47:07.280 I hear birthday months so much with Gen Z and girl math.

00:47:10.860 What is your birthday month, that thing?

00:47:12.560 Birthday month.

00:47:13.140 So you have to celebrate.

00:47:13.940 So for their birthday month, they spent $2,000 on Disney exclusive passes and then went to Disney World, spent a lot of money on that.

00:47:22.240 Then they're going to Disney World two times next month and then one time in the summer for different birthdays, different birthday months.

00:47:28.460 And they spent – what did I have?

00:47:30.340 I had $21,000 in one month when they make $7,000 a month.

00:47:34.980 And what is it?

00:47:35.560 It's not like on like – is it like lessons to talk like characters?

00:47:38.320 Like how far – like what are they getting into?

00:47:40.440 I don't know.

00:47:40.860 They live in Arizona, and they drive to L.A. to just have their little special birthday month.

00:47:44.900 This is their birthday.

00:47:45.840 Right.

00:47:45.980 I can go into debt and fuck my life.

00:47:47.200 It's my birthday.

00:47:48.240 Oh, I see.

00:47:48.700 So something as simple as your birthday, they can go $20,000 in a day.

00:47:51.620 Yeah.

00:47:52.200 Right.

00:47:52.420 The whole month.

00:47:53.200 Let's see this right here, and this is some of it.

00:47:55.080 Two Disneys in these last couple months?

00:47:57.420 Two Disneys next month?

00:47:58.860 You guys are literally poor.

00:48:00.560 We only went for one day in November.

00:48:02.240 You still traveled there, bought a guillian dollars of food.

00:48:07.720 Took our nephew for his birthday.

00:48:08.920 His birthday?

00:48:10.540 And then we went for my birthday.

00:48:11.500 If I hear one more thing about lesbians and their nephew, you know?

00:48:15.320 His birthday?

00:48:16.260 I don't give a shit about birthdays.

00:48:17.680 What is this obsession with birthdays?

00:48:19.580 How are you guys getting there from Mesa?

00:48:21.620 Getting one.

00:48:23.280 It's in L.A., so it costs money to get there.

00:48:26.980 Yeah, we drive.

00:48:27.900 We drive there.

00:48:28.760 So you're getting places to live?

00:48:29.900 Does it cover the place to live when you're there?

00:48:32.180 Nope.

00:48:32.380 So you're spending money to spend more money?

00:48:34.720 Yes.

00:48:35.040 Do you get the free food while you're in there and free drinks?

00:48:37.040 No, we pay for that too separately.

00:48:38.280 What the fuck are you talking about?

00:48:39.580 We do get 10% off merch.

00:48:41.020 Got it.

00:48:41.120 This is not fucking crazy.

00:48:42.400 So yeah, it's like you would think especially you can find deals nowadays where they probably

00:48:46.920 could have got some free food vouchers or something like that.

00:48:48.860 Yeah.

00:48:49.320 Yeah.

00:48:49.560 Yeah.

00:48:49.760 Or just stayed off campus and, you know, went.

00:48:52.380 I'm okay if they go like once a year.

00:48:54.900 They have like five planned trips already for Disney.

00:48:58.220 And what does that give them?

00:48:59.760 I think strippers and lesbians love Disneyland, right?

00:49:04.420 I noticed that.

00:49:05.800 Lesbians also love this.

00:49:06.940 It's our nephew's birthday, right?

00:49:08.540 Because for a lot of lesbians, it's probably as close as they'll get to having a child,

00:49:11.500 right?

00:49:11.640 Just because of science, math, or whatever.

00:49:14.260 And nowadays that's changing some.

00:49:16.560 But for a long time, a lot of lesbians are like, we got to get our nephew, you know?

00:49:21.520 It was like, that's like the biggest, craziest thing, you know?

00:49:24.480 So I think there's a lot of nephew obsession in the lesbian community as well, you know?

00:49:29.680 Yeah.

00:49:30.180 But that's a lot of money on Disney.

00:49:32.220 Yeah, it is.

00:49:33.040 And not much return.

00:49:34.100 You get a return, but you're an adult also.

00:49:37.300 Yeah.

00:49:37.640 But unlike most lesbians, I think they're going to last forever though, because they're on

00:49:41.080 the same page.

00:49:42.120 And usually couples that aren't on the same page about money, that's where they divorce.

00:49:46.540 But them, they're on the same page about wanting to ruin their lives for Disney.

00:49:51.220 So it's okay.

00:49:52.200 They'll be fine.

00:49:53.380 Yeah, they need to have a Disney.

00:49:55.140 Now, I wish Disney had a hostel or kind of like a Section 8 area.

00:50:01.060 Yeah, they should.

00:50:02.600 Because that would be very magical if you ended up like in the trenches.

00:50:05.820 Yeah, instead of the monorail, you get a little spray painted one, just a little sketchy.

00:50:09.920 Someone tweaking out in there.

00:50:11.560 Yeah, yeah.

00:50:12.000 But it has somebody's put like Elsa likes to fuck on the side or something, you know?

00:50:16.100 Yeah.

00:50:16.560 Or just spray painted some wild shit on it.

00:50:18.520 I think that could be kind of interesting.

00:50:20.020 Okay, so you're talking to people that are wasting too much money.

00:50:23.980 Usually, lots of debt.

00:50:25.540 Okay, a lot of debt.

00:50:26.500 What are some other ones that you're seeing?

00:50:28.360 We had this dude, frustrated incel buys women instead of dating was the title.

00:50:35.100 He went into 8,000 hours of credit card debt just so he could go to strip clubs.

00:50:39.920 He sacrificed eating so he had more money to go to strip clubs.

00:50:44.900 Wow.

00:50:45.420 2,000 hours a week on strip clubs.

00:50:47.540 And his quote was, I'm a Sigma male.

00:50:50.380 I can just go to the strip club and get some booty that way.

00:50:54.220 I guess it's easier for him.

00:50:56.260 He was a little disappointed, though, that he couldn't lick or bite them, though.

00:51:00.260 That was his one complaint.

00:51:01.640 Okay, so he didn't get the fluid pass or whatever.

00:51:06.600 I don't know what.

00:51:07.160 That was another one of our guests that got the fluid pass.

00:51:09.580 Wow.

00:51:10.200 Yeah.

00:51:10.460 Yeah, well, strippers is that age-old kind of bait and switch.

00:51:14.660 It's the illusion, you know?

00:51:16.600 That's why they always catch men masturbating in their cars outside of strip clubs because they've built up this whole illusion.

00:51:24.840 That's a lot of money to spend on stripping.

00:51:26.600 Now, I do respect the fact that he was going without eating, though.

00:51:30.420 Yeah, he was giving it up.

00:51:31.300 It's like, yeah, I'm going to snack and whatever and still waste this money.

00:51:34.600 Yeah, he picked it up in the military.

00:51:36.020 I guess that's what they were all doing overseas.

00:51:38.200 Visiting strippers and stuff?

00:51:39.260 I guess.

00:51:39.560 That's how they made it through.

00:51:40.740 Dieting and visiting strippers?

00:51:41.860 Yeah, I could see that.

00:51:44.580 There was another one you had.

00:51:46.220 What was the one?

00:51:48.540 Bring up one of the ones that we had pulled up.

00:51:51.840 The guy in the red suit was an interesting guy.

00:51:54.700 Oh, yeah.

00:51:56.200 I took the loan out to fund my emergency fund.

00:51:59.480 Where is this emergency fund today?

00:52:01.140 I saw about 1,000.

00:52:02.440 Stop it real quick.

00:52:03.200 So this guy took a loan out to fund his emergency fund.

00:52:06.360 Yeah, like 20% interest, too.

00:52:08.120 By the way, a job from 2,500.

00:52:09.720 I spent some of it.

00:52:12.820 On what emergency?

00:52:14.160 Learning how to do hair extensions.

00:52:15.880 Okay.

00:52:16.640 That's an emergency?

00:52:18.200 I wouldn't say it's an emergency.

00:52:19.880 What do you think an emergency fund is for?

00:52:21.680 I want to pay out of the emergency fund to buy a class for extensions.

00:52:25.060 The interest rate on this is 28.64%.

00:52:27.960 Yes.

00:52:30.120 Wow.

00:52:30.440 Okay, so originally it wasn't for the emergency fund.

00:52:32.940 I just thought that that would be a good idea.

00:52:34.560 Okay, so let's stop it there.

00:52:35.620 So this is the kind of stuff that you're running into.

00:52:38.020 Absolutely.

00:52:38.720 All the time.

00:52:39.500 And this is a young man.

00:52:41.000 He took money out at 28.64% interest to learn hair extension lessons.

00:52:47.380 And that was considered an emergency.

00:52:48.600 Well, first the fund is emergency fund.

00:52:50.880 So he takes out 28%, even though like the best thing you get in a high yield savings is 4% right now, something like that.

00:52:56.940 So you're losing a net 23%.

00:53:00.020 But even so, then he just drains it from the emergency fund to learn hair extensions, which invest in yourself, invest in your skills.

00:53:05.800 We like that.

00:53:06.480 At 30%, I don't know.

00:53:08.860 No one would say go get a degree for 30% interest.

00:53:12.740 So learning hair extensions of that doesn't make sense.

00:53:15.660 But he wants to move to Thailand to escape it, though.

00:53:18.040 So I think that that's his out.

00:53:19.960 To escape the debt, you mean?

00:53:21.520 To escape capitalism is what he specifically said.

00:53:25.100 Do you see a lot of that?

00:53:25.960 I'm going to fly away to another country.

00:53:28.020 That seems like a very fairytale type of energy.

00:53:31.040 Honestly, no, surprisingly.

00:53:32.860 A lot of people, when they just get overwhelmed by their finances, they really just put their head in the sand.

00:53:40.240 And they just forget about it until it all comes and bites them in the ass.

00:53:43.640 And that's usually when they come on our show.

00:53:45.020 They realize they've had too much.

00:53:46.680 And they watch one of our episodes and they're like, oh, shit, I got to apply.

00:53:49.740 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.

00:53:54.620 But they haven't fully awakened a why.

00:53:56.400 So they're still defensive on things.

00:53:58.200 I'm sure they're nervous on camera.

00:53:59.200 They're just normal people off the street.

00:54:00.380 But that's why they're still defensive and they're trying to understand, like, what is going on.

00:54:04.780 And there's lots of cope talk, lots of cope talk across the table from me.

00:54:09.000 And what does cope talk mean when you use that term?

00:54:11.280 Yeah, just like I was allowed to do it.

00:54:13.700 It was my birthday month.

00:54:15.260 It's OK.

00:54:16.340 Excuses.

00:54:16.940 Yeah.

00:54:17.460 It was OK to go to school for 12 years and take out private student loans to pay for an expensive apartment.

00:54:24.300 I was just trying to survive.

00:54:25.940 So a lot of people trying to, it seems like, deflect the reality of the world.

00:54:31.100 Yeah.

00:54:31.440 Like, how can I, what can I do?

00:54:33.100 Take what class can I take?

00:54:34.360 What school can I stand longer?

00:54:35.980 What can I do to not have to face the fact every day that I have to be the one to survive myself?

00:54:45.580 Absolutely.

00:54:46.060 And I was there, too.

00:54:46.860 It just takes that moment.

00:54:48.120 It takes that moment for everything.

00:54:49.140 I haven't hit it for going to the gym or dieting, but it takes that moment for plunging into the deep end.

00:54:56.520 There's usually something.

00:54:57.380 For me, it might be a heart attack.

00:54:58.580 But for my finances, it was, you know, shit, I can't pay this month's rent.

00:55:02.940 I'm continuing the cycle of foreclosure notices.

00:55:05.840 So they usually find their moment, but they just don't know why things are bad.

00:55:10.340 But that's when they come on.

00:55:11.280 We meet them at the bottom.

00:55:12.680 Usually.

00:55:13.420 Some need a little further to go.

00:55:15.940 And that sucks to see.

00:55:17.100 Yeah.

00:55:17.440 That sucks to see.

00:55:17.980 But people that have come on our show, though, the median guest pays off $10,000 in 10 months.

00:55:24.140 Really?

00:55:24.260 So it does work.

00:55:25.360 Like, it works really well.

00:55:26.900 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.

00:55:37.400 Yeah, because then also after you have a piece of reality that's really like a moment, like, these are real moments with people who have made some mistakes or – we've all been there.

00:55:46.360 I mean, I remember I had a cell phone.

00:55:48.000 I was like, I'm not paying Verizon.

00:55:50.480 They don't know me.

00:55:51.700 That was my thought.

00:55:52.520 But these fuckers don't know me, right?

00:55:55.720 And I was on a bicycle at the time.

00:55:57.580 You know, I was on my bike, on the cell phone, you know, just eating up minutes or whatever, just running up a tab.

00:56:04.220 And I was like, these motherfuckers don't know who I am.

00:56:07.880 You know what I'm saying?

00:56:08.360 I'd like to see them come get this fucking money, right?

00:56:10.920 And my friend's house who I was living at, his dad was like, get fucked, pay the shit.

00:56:15.720 Yeah.

00:56:16.200 You know?

00:56:16.600 And then I think that's when it started hitting me, like, oh, shit.

00:56:19.580 It hit my credit, right?

00:56:20.720 And I didn't even know I had credit.

00:56:22.660 I didn't even know I had credit until they called, like, hey, your credit's bad.

00:56:25.400 I'm like, what is it?

00:56:26.380 Yeah.

00:56:27.520 And they're like, your credit?

00:56:28.620 And I was like, yeah?

00:56:29.920 Dude.

00:56:30.380 Put him on.

00:56:31.040 And they're like, no, your credit's bad.

00:56:33.320 And they're like, you owe $1,100 to Verizon.

00:56:35.380 I thought you could just run away from it.

00:56:36.860 You can't.

00:56:37.800 But that was, like, kind of a bottom for me.

00:56:39.340 I was like, oh, shit is really real, right?

00:56:41.280 So I think moments like this are really real to people.

00:56:43.600 And then you have a gentleman here who seems to be kind of fluid, sexually fluid, I'll say maybe.

00:56:48.620 I have no idea.

00:56:50.060 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?

00:56:55.420 Oh, okay.

00:56:55.560 Or kind of like a Christmas sort of, like a, like, kind of like a.

00:57:00.680 Carmen Sandiego.

00:57:01.960 Yes, yes.

00:57:02.700 Yeah.

00:57:03.940 Yes, like, hey, like, kind of like Carl Sandiego, right?

00:57:08.280 Yeah.

00:57:08.760 So I feel like he has this, like, and it's a good energy.

00:57:11.200 I like he.

00:57:11.700 So obviously he's brave to do, to have his own vibe, right?

00:57:15.720 You can tell that, right?

00:57:17.020 Confident.

00:57:17.720 Confident.

00:57:18.160 He's a business owner, this guy.

00:57:20.060 He is?

00:57:20.880 Wow.

00:57:21.460 Wannabe business owner.

00:57:22.960 Ah, wannabe business owner.

00:57:24.200 But then he also has this emergency fund.

00:57:26.840 And I think a lot of people sometimes when they, they'll create an emergency fund, a lot

00:57:31.300 of fluid people will be very, like, you know, like, oh, you're, this jacket doesn't fit.

00:57:35.780 It's an emergency.

00:57:36.880 You know, like, the emergencies can be very, it's like, is that a real emergency type of

00:57:41.860 thing?

00:57:42.020 They see it as a pile of money.

00:57:43.660 Yeah.

00:57:43.860 And that pile of money needs to be spent, of course.

00:57:46.380 Yeah.

00:57:46.560 Yeah.

00:57:47.000 Honestly, though, that's still a better mindset than where a lot of people come to.

00:57:50.800 A lot of people will come on the show and they really haven't heard of emergency funds.

00:57:54.360 And they say their credit card is their emergency fund.

00:57:58.200 Oh.

00:57:58.440 And that's, I mean, well, he, again, he took a high interest loan for it.

00:58:02.800 So I guess that's pretty similar, but at least he understood he needed an emergency fund.

00:58:06.100 Some people think if anything happens, you put it on a credit card.

00:58:08.520 Now, a lot of people don't have an option, so they do do that.

00:58:12.220 But then, you know, we try to help them pay off the credit card as quick as possible.

00:58:15.700 Yeah.

00:58:15.900 But what do you see a lot of, is there a lot of flexing still?

00:58:19.500 Like, I know that's a thing where people are like, I'm going to appear this way, right?

00:58:24.060 Is that a big thing you're seeing still with like millennials and Gen Z is like the appearance

00:58:28.300 of things or some people more go into like the emo hole of like, I don't have anything.

00:58:33.660 I have nothing.

00:58:34.800 I live in a Chipotle deep inside of a Chipotle type of vibe.

00:58:38.940 No, there's still lots of flexing and lots of cope spending to the flexing.

00:58:42.700 I mean, we people, we have people come on with, you know, that outfit I think was

00:58:45.880 a couple thousand bucks.

00:58:46.800 No way, really?

00:58:47.560 Yeah, it was very expensive.

00:58:48.680 I didn't think it was.

00:58:49.880 But even he had red sunglasses, too.

00:58:51.560 They were like a few hundred bucks.

00:58:52.600 It was crazy.

00:58:53.200 Hats like that.

00:58:53.880 Those hats are kind of costly, I know.

00:58:55.580 Yeah.

00:58:56.200 I mean, we've had a dude come on with, you know, crazy rings on every single finger,

00:59:00.240 but he had nothing to his name.

00:59:02.100 I remember he had kids and they were basically growing up in poverty, but at least he has the

00:59:06.020 rings.

00:59:06.880 So there's always lots of flexing.

00:59:08.620 People care about what the person next to them at the stoplight thinks about their car.

00:59:13.940 You know?

00:59:14.460 Even though that person will never remember them 30 seconds from then.

00:59:17.840 Yeah.

00:59:18.600 I've had lots of people that I talk to where I try to get them out of a $40,000 car loan

00:59:23.620 when they make $30,000 that they can't afford.

00:59:25.280 And I'm like, let's just try to get you into a $10,000 car.

00:59:28.180 And then they scoff, a $10,000 car?

00:59:30.760 Like, I'm going to be seen in a $10,000 car?

00:59:33.080 That mindset's kind of gross, honestly.

00:59:35.280 Right, because you're, it's not even a real, because you're not living in your own reality

00:59:38.820 then.

00:59:39.820 It's like, yeah, I think that was a blessing about having a shitty car when I was a kid.

00:59:44.500 I could, I earned the money.

00:59:45.880 I bought the car.

00:59:46.600 It was a piece of shit.

00:59:47.820 Someone stole the passenger seat.

00:59:49.320 Um, but I drove it, you know?

00:59:52.260 Mm-hmm.

00:59:52.460 People would get in and just had to get in immediately into the backseat.

00:59:55.380 Yeah.

00:59:55.960 You know?

00:59:56.580 But it was like, I drove, but it was...

00:59:58.160 Well, you learn the value of it.

00:59:59.760 Oh, yeah.

01:00:00.140 And that's the important part.

01:00:01.240 So many people that can just lean on others, and especially those get it, we see so much

01:00:06.160 enablement, where they get into a hard time, but then their parents bail them out, and there's

01:00:09.960 nothing wrong with the heart of wanting to help someone out, but they never learn their

01:00:13.600 lesson, and then they never understand the value of $1,000 even, or just a dollar, just

01:00:18.720 a dollar.

01:00:19.020 But, like, there's so many instances where I'm talking about $300 that they're spending

01:00:23.720 on something, and that means nothing to them.

01:00:26.540 Like, $300 isn't a lot of money.

01:00:28.280 When it could be make or break for these people just making a necessary payment, avoiding

01:00:32.580 a repo, but then $300 is nothing to them.

01:00:35.460 They just don't understand the value of a dollar, because they never had to.

01:00:39.820 Right.

01:00:39.940 Because you had that car, and you had to put money into fixing that car probably multiple

01:00:43.760 times, or being terrified of it just bottoming out on the street.

01:00:47.040 You understood the value of it, so you're not just, like, being disrespectful with your

01:00:52.540 car purchases going forward.

01:00:53.760 You understand it.

01:00:55.500 Yeah.

01:00:55.700 So you said this would be the summer of you.

01:00:58.480 But then you remembered, you have kids, and now you spend every sunny day at water parks

01:01:03.160 and petting zoos.

01:01:04.460 So be it.

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01:03:37.220 And if you've been struggling, man, we've all been there, or woman.

01:03:40.300 We've all been there, and this too shall pass.

01:03:44.480 Are there a lot of get-rich-now type of energy out there?

01:03:51.420 Oh, yes.

01:03:52.300 Is there?

01:03:52.780 And that kind of goes back to TikTok and YouTube.

01:03:55.760 Yeah, take me to some of that.

01:03:56.840 What do you think?

01:03:57.820 What is some of that?

01:03:58.760 That's crazy.

01:03:59.260 Yeah, what is some of that get-rich-now energy?

01:04:01.000 Yeah, some of that get-rich-now energy.

01:04:02.580 So many pyramid schemes.

01:04:02.840 What is that?

01:04:03.380 Pyramid schemes people are falling into?

01:04:05.140 I had someone going into a ball python pyramid scheme that I just talked to.

01:04:08.980 No way.

01:04:09.540 Yeah.

01:04:10.000 So he buys 10 baby ball pythons from his friend, but how do you make money off of these ball

01:04:17.500 pythons that are supposed to breed?

01:04:18.760 Okay, so hold on.

01:04:19.380 You get 10 baby ball pythons, and then you pay somebody, you get the 10 baby ball pythons.

01:04:25.520 Okay.

01:04:26.220 And now what do I do with these baby ball pythons?

01:04:28.500 How do I get pyramided in?

01:04:30.020 Well, how do you make money?

01:04:30.960 What would you do to make money off of baby ball pythons?

01:04:33.380 I think you'd have to mate them and then sell 10 to somebody else.

01:04:36.720 Yeah.

01:04:37.100 Now who's buying them?

01:04:38.980 People you know.

01:04:40.260 No.

01:04:41.220 People that want to buy them so that they can breed them to sell them to people who breed

01:04:46.280 them.

01:04:46.760 Okay.

01:04:47.120 Because people aren't buying them for pets.

01:04:49.040 You go to a pet smart for that.

01:04:50.080 No one's buying from these guys.

01:04:51.720 You buy the baby ball pythons hoping they make kids so that you can sell them to others

01:04:57.620 who want to make kids and sell to others.

01:04:59.100 And he got sucked into that.

01:05:00.380 Tens of thousands of dollars.

01:05:01.240 And his 90 day fiance wife from somewhere in Central America is like freaking out about

01:05:06.900 this.

01:05:07.160 She moved here, sacrificed everything.

01:05:09.140 And this dude's blowing all his money on this.

01:05:11.100 And also like a million other side hustles, he's trying to do the power washing.

01:05:14.260 He's trying to do the car detailing.

01:05:15.940 Anything that is a TikTok get rich quick type of thing, or even just the side hustle things

01:05:21.060 that some people do make work.

01:05:22.860 He is just falling into it.

01:05:24.000 And the pythons, that's his most recent example.

01:05:26.660 But the pythons he bought have gone down 50% in value because apparently you can day trade.

01:05:32.480 You can day trade the ball pythons on like a little market app.

01:05:36.840 There's a market app for day trading ball pythons.

01:05:38.600 Yeah.

01:05:38.720 So not only has somebody created a pyramid scheme of ball pythoning, right?

01:05:43.180 So you're ball pythoning, you're selling a few grams of ball python here, you know,

01:05:49.680 an eight ball python here.

01:05:52.820 And then you, but then the whole time somebody's also, whoever engineered this fucking thing,

01:05:59.200 also created an app where there's like almost a ball python coin market.

01:06:02.980 So that's going up and down as well.

01:06:05.700 Yeah.

01:06:06.080 You're basically driving around town with a backseat full of ball pythons waiting for the

01:06:12.220 market to go up enough.

01:06:13.440 Yeah.

01:06:13.800 So you can pull over and put a couple of ball pythons on somebody's tab.

01:06:19.540 Yeah.

01:06:19.900 Wow.

01:06:20.340 That's my exit strategy.

01:06:21.520 Bring that up.

01:06:23.100 What the fuck?

01:06:25.240 What in the fuck is happening, man?

01:06:28.100 That's Huck Tua's next pump and dump.

01:06:29.640 I know, huh?

01:06:31.380 Where's she been at?

01:06:32.980 She went to bed.

01:06:34.560 Somebody said she went to Barbados or something and she moved out of the country.

01:06:38.960 Okay.

01:06:39.780 But so, so that's a new thing that's going on.

01:06:41.900 Apparently.

01:06:42.640 What's another one that's going on?

01:06:46.340 Any other pyramid schemes?

01:06:47.880 Lots of people getting into the knives pyramid schemes.

01:06:50.280 They're buying, you know, I don't even know what they're called.

01:06:52.880 I've never joined them, but they buy knives to sell to other people.

01:06:56.640 So lots of those, lots of people getting into the day trading life, crypto life.

01:07:01.060 Um, we had some old guy with no retirement.

01:07:06.360 Poor dude.

01:07:07.040 I felt so bad.

01:07:08.240 Actually, he like blew through a million bucks somehow.

01:07:10.620 Um, filmed it a couple of years ago and super nice dude, but he fell into this pyramid scheme

01:07:15.880 of you like buy these nutrients that people can take and then, but you hope they come

01:07:22.600 to a storefront to step in a body scanner that tells them how healthy they are.

01:07:26.840 Then they buy your nutrients.

01:07:28.420 But I asked if we could come by and tour his business like a couple of months after that.

01:07:32.860 He kind of fell off the face of the earth.

01:07:34.660 I feel like his shop doesn't exist anywhere on Google maps.

01:07:37.780 So I think that pyramid scheme collapsed.

01:07:39.520 Well, the reality is though, the reality is in retirement, again, we already talked about

01:07:45.000 15 to 25, 20% are actually able to, or actually 15 to 20% of people take early withdrawals before

01:07:52.800 even 60 and that the median 401k balance is 30,000, but it's low and slow.

01:07:58.260 That's all it is.

01:07:59.000 You know, you're cooking a nice piece of meat.

01:08:01.080 It's low and slow.

01:08:01.940 That's what your retirement fund needs to be.

01:08:03.680 You're just hoping it doubles like every seven years or so in the market.

01:08:07.260 But you just got to be investing like 20% a year, 20% a year.

01:08:11.380 20% a year is a lot.

01:08:12.500 It's a lot.

01:08:13.240 But if you accurately budget, it can be relatively decent.

01:08:17.500 We have $5 a week is a great amount.

01:08:19.780 Yeah.

01:08:20.140 Starting anywhere is great.

01:08:21.160 Starting anywhere.

01:08:21.880 I mean, that's why you focus on getting out of debt first so that you have more to invest.

01:08:24.800 Right.

01:08:25.080 You know, out of the high interest debt.

01:08:26.360 But what a lot of people suggest is 50, 30, 20, 50% on needs, 30% on wants because you

01:08:30.760 want to be able to live.

01:08:31.620 What's the point of being here if we're not having fun?

01:08:33.360 And then 20% to investing.

01:08:35.000 So it's still the smallest percentage.

01:08:36.480 Okay.

01:08:36.700 But say if you have a debt, right?

01:08:39.300 Yeah.

01:08:39.540 And you could save $5 every week.

01:08:42.820 What's the debt?

01:08:43.920 You could save, say you have, say you're $10,000 in debt.

01:08:47.900 Okay.

01:08:48.380 And you're 25 years old.

01:08:49.800 Okay.

01:08:50.240 And you could save $20 a week, right?

01:08:52.240 Would you rather that you put that $20 a week towards paying off the debt?

01:08:54.680 Or is it better to take that 20 and put it towards just like a long-term investment?

01:08:59.240 Well, a couple of qualifications.

01:09:00.420 Like what would you say the interest rate of the debt is?

01:09:02.340 And what is the debt?

01:09:03.360 That's a good point.

01:09:03.860 I would say the interest rate of the debt is probably going to be about 14% or something.

01:09:06.520 Oh, yeah.

01:09:07.160 Absolutely.

01:09:07.700 Debt immediately.

01:09:08.780 Because one, it's probably not even an asset.

01:09:11.540 Like at least a car is an asset, even if it's a depreciating one.

01:09:13.840 But let's just say it's a credit card or a private student loan.

01:09:16.260 You know, that's not going to benefit anything at that point.

01:09:18.200 Got it.

01:09:18.700 So pay that off.

01:09:19.940 And then the other question is, there's also the third category.

01:09:23.200 Do you have an emergency fund?

01:09:24.140 If you don't have an emergency fund, then at that point, we're still funding the emergency fund over investing.

01:09:29.360 Because you need to protect yourself in case of the rainy day.

01:09:32.060 And the rainy day always comes.

01:09:33.340 Because there's this mentality.

01:09:34.240 I think sometimes it's like, oh, I'm not going to pay off that credit card.

01:09:35.900 I'm going to invest.

01:09:36.540 I'm going to save this money and invest.

01:09:37.920 You know what I'm saying?

01:09:38.260 Like I'm going to invest instead.

01:09:39.580 But you're really just reverse engineering a nightmare kind of.

01:09:42.220 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.

01:09:47.180 Because that's what it's been all up years, down years since the beginning has been 8%.

01:09:51.260 So if you have 15% debt, you know, you're just not making the difference.

01:09:55.940 Is college still considered a normal path for a lot of Gen Z?

01:10:00.180 Yeah, it can be.

01:10:01.560 College, people just do college in a really stupid way, though.

01:10:05.940 People go to the dream school that has the sports team they want for the major that doesn't make money.

01:10:12.100 So it's not that college is the bad thing.

01:10:13.820 You can do it the right way.

01:10:15.340 Get your Gen Eds out of the way at a community college.

01:10:17.620 Something, you know, ACC here is super cheap.

01:10:19.700 You can go over a couple hundred bucks a semester and get some credits.

01:10:22.860 A lot of diversity, too, at those colleges.

01:10:24.660 You want to meet some, you know what I'm saying, an Asian girl or guy or something?

01:10:28.760 Yeah.

01:10:29.640 Do it.

01:10:30.380 And larger class sizes as well.

01:10:32.120 So there's a benefit.

01:10:33.440 Instead of a big hall that you get in university.

01:10:35.900 So you get more one-on-one time with professors at community college.

01:10:38.620 It's actually usually just kind of better education.

01:10:40.540 And just also statistically, the people that are going to community college are also more likely to drop out.

01:10:44.800 So that's why some of the metrics are a little bit skewed.

01:10:46.840 I see.

01:10:46.980 And if you're going to drop out, then you're dropping out there at a cheaper rate.

01:10:50.680 But then you don't have to go out of state.

01:10:52.120 You don't have to go to the private college.

01:10:53.360 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.

01:10:59.980 You don't need that.

01:11:01.000 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?

01:11:06.660 And if you don't know what you want to do, there's nothing wrong with taking a year off between high school and college to figure some things out.

01:11:12.720 Maybe do a trade.

01:11:13.700 Look at a trade.

01:11:15.020 See if you're interested in that.

01:11:16.200 Take a career quiz.

01:11:17.100 A trade, you mean?

01:11:17.980 Yeah.

01:11:18.320 Just look and see if that's something you're interested in.

01:11:20.440 And then you can go to trade school in a smart and dumb way as well.

01:11:23.040 There's expensive ones out there.

01:11:24.400 And there's just average ones.

01:11:25.580 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.

01:11:32.780 You know, the medians, whatever it is, but it's, like, pretty good.

01:11:35.740 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.

01:11:41.080 Right.

01:11:41.520 Yeah, you want to have some interest in what you're doing for sure, and you want to find something.

01:11:45.200 I mean, that's one nice thing.

01:11:46.080 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?

01:11:52.960 You know, I know I like something about this, but I don't know what it is yet.

01:11:56.320 Let me get at least into that realm of classes.

01:11:58.940 Absolutely.

01:11:59.440 I mean, you have to remember, people that go to college, 40%, 40% drop out.

01:12:04.320 So this is not a guaranteed thing.

01:12:06.180 People think just because they're going to go to college, okay, my life is set now.

01:12:09.040 40% who take out student loans drop out of college.

01:12:12.980 Wow.

01:12:13.480 I was one of them.

01:12:14.120 I dropped out $40,000 of federal student loans and $12,000 private.

01:12:17.960 Wow, really?

01:12:18.820 Yeah.

01:12:19.040 Yeah, it took me, I think, 11 years or something or 10 and a half or 10 and.

01:12:23.240 Six, fifth, five, six years.

01:12:24.900 Almost, yeah, like 11 years, I think, to do college.

01:12:28.180 Yeah, it happens.

01:12:28.980 And it costs money.

01:12:29.920 Dude, I took a couple classes.

01:12:31.220 Like, you already took this class and all those.

01:12:32.780 I remember being like, yeah, I know.

01:12:34.060 I'm good at it.

01:12:35.320 I'm going to fucking take it again.

01:12:37.300 Really?

01:12:37.960 Yeah.

01:12:38.700 Okay.

01:12:40.060 Doubling up the degree?

01:12:41.200 Yeah, and just like, and I remember one time this teacher gave me a B.

01:12:43.440 I went and took her class again to fucking prove to her I could get an A in that bitch.

01:12:46.640 Did you prove to her?

01:12:48.180 I think she got laid off.

01:12:49.560 She was dealing with, like, addiction, pill addiction.

01:12:51.760 But I did a good, you know, I did my best, that's for sure.

01:12:58.140 What are some things, say somebody's, they don't know what they're doing right now, right?

01:13:03.440 They don't know.

01:13:04.540 What are some, let's go over some, like, blue collar and then non-blue collar jobs that people could do.

01:13:13.160 You could start at home.

01:13:13.920 I've always said pressure washing.

01:13:15.340 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.

01:13:22.260 Sure.

01:13:22.560 You can get a nice one for, like, five, six hundred bucks.

01:13:24.840 Now, you have to get that money first, but it's realistic.

01:13:28.140 And then you can start pressure, you can go to a wealthy person's area and be like, hey, I'll pressure wash it.

01:13:33.660 And you can do a good job.

01:13:34.640 What are some other jobs like that that you recommend to people to get started if they don't really have anything?

01:13:42.000 Yeah, I mean, there's nothing wrong with dropping some McFries, you know, just to try to pay the bills.

01:13:46.380 People look down on that.

01:13:47.660 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.

01:13:56.000 I mean, Summer Moon, coffee shop, I like, you know, their moon milk creamer.

01:14:01.580 I basically lactate that shit.

01:14:03.000 Summer Moon, it's called?

01:14:03.920 Yeah.

01:14:04.300 I just went to a place called Two Hands.

01:14:05.960 Okay, also good, I think.

01:14:07.320 Yeah, they have nice people that work there.

01:14:08.860 Yeah, but they were hiring just a barista.

01:14:11.480 The manager was talking to me.

01:14:12.680 He was like, dude, get someone on your show to come work for me.

01:14:14.860 I need to hire people.

01:14:16.360 Eighteen bucks an hour.

01:14:17.820 You know, that's not bad.

01:14:19.360 Austin's pretty expensive, but eighteen bucks an hour is not bad.

01:14:22.780 And that's a great place to just start.

01:14:24.180 Get your foot in the door.

01:14:25.080 There's nothing wrong with the side hustles either, kind of like the power washing.

01:14:27.620 A lot of people view that as like a side hustle, hopefully turning into a full hustle at some point.

01:14:31.520 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.

01:14:37.840 Oh, but I need the nice pressure washer.

01:14:39.880 Oh, yeah.

01:14:40.040 Oh, wait, I need the truck to be able to move it around.

01:14:42.300 That was the guy that we just, the ball python guy?

01:14:44.140 He had to buy a truck so that he could move his pressure washer around.

01:14:47.080 So that's.

01:14:47.860 Yeah, I don't want to show up with ten snakes in a fucking Ford Festiva and a Dodge Neon.

01:14:52.960 Right.

01:14:53.220 You know?

01:14:53.800 Yeah.

01:14:54.040 Like these snakes deserve a classy automobile.

01:14:56.380 It's like, what the fuck are you talking about, dude?

01:14:59.700 Yeah.

01:14:59.920 People get more excited about the actual job, the journey, the entrepreneurship more than the actual grind.

01:15:05.140 Oh, yeah.

01:15:05.940 Yeah.

01:15:06.140 That is a huge trap, isn't it?

01:15:07.840 Yeah.

01:15:08.080 Yeah, I'm going to look the part so much, but you still have to do the part.

01:15:11.700 Yeah.

01:15:12.020 And there's nothing with, just get into a bank as well.

01:15:15.080 Get into a bank, work as a teller.

01:15:17.120 Yeah.

01:15:17.500 Sit down and just talk different loans to people as well.

01:15:21.400 I mean, there's lots of jobs that don't necessarily require a degree that you can get into.

01:15:25.480 I remember when I first moved to Los Angeles, we put up flyers everywhere.

01:15:28.820 We would do refrigerator cleaning, right?

01:15:31.160 Like, nobody wants to clean their refrigerator.

01:15:33.680 Yeah.

01:15:33.940 And for 200 bucks, we'd come and clean your refrigerator.

01:15:36.800 And we'd just take everything, just clean, I mean, clean it good.

01:15:39.240 Yeah.

01:15:39.500 And, bro, I was shocked at how many people were like, I will, in a heartbeat, come clean this bitch.

01:15:45.980 A lot of perverts, too, trying to fucking touch your back or whatever while you were cleaning.

01:15:49.720 Oh, sure.

01:15:50.060 But you fucking chalk it up to the 200, have somebody on watch while you clean, back and forth.

01:15:57.180 Okay, yeah.

01:15:58.280 But dog walking, that was another thing, something you could do.

01:16:00.820 Oh, it's great.

01:16:01.340 Car cleaning.

01:16:02.220 I remember if you liked cleaning cars, you liked cleaning your car.

01:16:06.800 If you do something well, somebody will pay you to do that well for them, right?

01:16:10.580 That's one thing that I always think.

01:16:12.000 We used to have an on-the-street audit show that we did just back in the day when I was testing things out.

01:16:17.280 And I met this dude who—

01:16:18.520 Like, take me to do that on-the-street audit show.

01:16:19.880 That sounds really cool.

01:16:20.600 I'd just walk up to people, you know, those kind of camera-in-the-face things.

01:16:24.080 But I would just ask them money questions about their finances and then just kind of get my thoughts on it.

01:16:29.220 But we met this dude who—you know Rover?

01:16:31.880 Rover?

01:16:32.460 The app?

01:16:32.780 Like Rover Wade or whatever?

01:16:34.620 No, so it's the dog walking that you were mentioning.

01:16:36.740 So you can hire dog watchers, walkers, or anything off of Rover.

01:16:42.220 Oh, wow.

01:16:42.900 Yeah.

01:16:43.340 Beautiful animals on there.

01:16:44.080 Is that a corgi?

01:16:45.520 He's making $175,000 a year doing that.

01:16:47.860 No, he's not.

01:16:48.540 Walking dogs.

01:16:49.820 House-sitting dogs.

01:16:51.120 But because it's just house-sitting, he can also work his full-time tech job from the house that he's sitting.

01:16:56.260 So he's making like $300,000 a year.

01:16:58.720 Yeah.

01:16:59.140 Right.

01:16:59.480 There's a lot you could do.

01:17:00.480 No degree required for that.

01:17:02.320 Sit in someone's house.

01:17:03.540 Feed their dog.

01:17:04.640 Take him out.

01:17:05.320 And the funny thing is, man, I'll say this.

01:17:08.980 Once you start doing something, you don't know where it's going to lead.

01:17:12.320 I will be so shocked how many times it's like, okay, you're a barista.

01:17:17.280 You become a good barista.

01:17:18.280 Then somebody who runs a company of some sort, they show up.

01:17:21.740 They see a good worker when they see one.

01:17:24.900 They're like, what are you making here?

01:17:25.880 Are you making $18 an hour plus tips?

01:17:27.980 I'll pay you $80,000 a year to come work right next door.

01:17:32.000 Why don't you come in tomorrow and we can just talk about it, see if it's something you would like.

01:17:35.040 Just because they see your work ethic.

01:17:36.640 Or I'll pay you.

01:17:37.600 It's amazing sometimes when somebody who runs a business starts to see good work ethic, they will latch onto it immediately.

01:17:44.640 Absolutely.

01:17:45.000 But also the things you don't know.

01:17:46.540 It's like you start with a small thing and the next thing you know, it's like my brother was a tree cutter, right?

01:17:51.560 He started just cutting down trees.

01:17:53.280 And after a couple of months, he was like, oh, wait, I could be the foreman.

01:17:56.220 I understand how this works and I can do the foreman's job, right?

01:18:00.960 I need to learn more.

01:18:02.440 But once I learn more, I'd be happy to hire some other tree guys and put up my own advertising.

01:18:07.980 Like the barrier to entry to things, it's not as hard as you think a lot of times.

01:18:13.620 It's just you don't know it until you start.

01:18:17.000 Yeah.

01:18:17.180 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.

01:18:24.660 But his editing was great.

01:18:26.740 And with the different incentives and everything I give just based on skill, he was making six bucks an hour to now $100,000 a year.

01:18:34.940 So like if you can prove it.

01:18:37.480 Right.

01:18:38.080 And I have a friend who's been doing some personal assistant thing for another friend.

01:18:41.920 And I was like, bro, you should start learning social media edits.

01:18:45.240 Learn how to do them.

01:18:46.400 So then whenever you're with this guy, now you could just capture a couple of things on your phone, put it through one of these kind of like different filters or different programs that they have online.

01:18:55.040 There's CapCup.

01:18:55.720 There's all these different things.

01:18:57.180 And next thing you know, you can show him three examples the next day.

01:18:59.440 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.

01:19:08.580 You know, like there's just – there's a lot of things that you can do.

01:19:11.240 I think that's kind of an easy one you can learn is how to become a social media editor or video editor.

01:19:15.820 Yes.

01:19:16.140 Now you're going to have to have a computer that works to do it and you're going to have to have at least your cell phone to be able to do that.

01:19:22.000 But I think that that's realistic.

01:19:23.640 Trying to think of what else.

01:19:24.600 Oh, carpet cleaning is something that people don't want to do a lot of times.

01:19:27.640 Yeah.

01:19:27.920 So, I mean, that's my small business – or that's what the small business my dad owns is just, you know, a little power washing, window cleaning, carpet cleaning.

01:19:35.540 Wow.

01:19:35.720 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.

01:19:43.260 You can scale that.

01:19:44.120 They opened a second branch.

01:19:45.400 They're doing well.

01:19:46.240 There's a lot of opportunities there.

01:19:47.560 And then in, like, the video editing world, just – if you're just asking yourself, what can I do to make that person's life easier, they'll give you money.

01:19:55.240 Yeah.

01:19:55.900 Yeah, I agree.

01:19:57.540 Trying to think of some other ones work from home that aren't as blue-collar.

01:19:59.920 I know there's data entry is one.

01:20:01.680 I see a lot of advertising for data entry.

01:20:03.240 Is that a valid one?

01:20:05.580 It could – honestly, I have no idea.

01:20:08.000 It could be.

01:20:09.420 Yeah.

01:20:10.200 Yeah.

01:20:10.720 Look that up.

01:20:11.280 Is data entry a valid gateway job or something?

01:20:16.820 I mean, honestly, just any way to get into a building, a business, and just getting to know management there and working with them and just asking what do they need and being able to fulfill those tasks, you'll move up.

01:20:28.980 Yeah.

01:20:29.220 So, according to current data, an entry-level data entry position typically pays around $15 to $20 per hour in the U.S. with an average annual salary ranging from $30,000 to $40,000.

01:20:38.560 And are you going to do that your whole life?

01:20:39.840 No, but sometimes just getting into the companies.

01:20:41.980 You may need to do it for a couple months to get out of a situation.

01:20:45.560 Yeah.

01:20:45.620 Maybe you could do it while your kid's at school.

01:20:49.940 You know what I'm saying?

01:20:50.340 Like just – I'm just trying to think of little ways.

01:20:51.920 I know that these are obviously me saying these things and I have no idea what some of people's real lives are like.

01:20:56.960 No, of course.

01:20:57.380 But in the conversations, what I see are people looking down on jobs like that.

01:21:01.440 Right.

01:21:01.680 They're not willing to even though they're not paying their bill.

01:21:05.300 Yeah.

01:21:05.860 Right.

01:21:06.840 It's like at that point, everyone's just looking down upon them.

01:21:10.500 I mean the car company is that's about to repo them.

01:21:12.840 The bank is looking down on them.

01:21:14.380 They can work that job.

01:21:15.560 They can work the McDonald's.

01:21:16.880 Whatever it is, just make ends meet.

01:21:18.960 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 –

01:21:27.380 That old guy I was telling you about, he did pump like about a million bucks into this whole thing.

01:21:32.420 Really, his entire life savings, everything he's worked for into his 60s, 70s, wherever he was.

01:21:37.880 And again, the machine, whatever this body scanning machine is, I'm not in that world so I don't know.

01:21:42.700 But I know it was like $50,000 or something crazy.

01:21:45.840 The storefront that he was investing in, again, just a quarter later.

01:21:51.660 Biofrequency gadgets are a total scam.

01:21:53.320 Let's zoom in on this, see if this sounds like it.

01:21:55.300 I would like to find this so we can put this out.

01:21:56.800 This is interesting.

01:21:57.620 I recently asked what I thought about the Solex AO scan.

01:22:00.280 This website for the product includes this claim.

01:22:02.900 AO scan technology by Solex is an elegant yet simple way to use frequency technology based on Tesla, Einstein, and other prominent scientists' discoveries.

01:22:10.960 It uses delicate biofrequencies and electromagnetic signals to communicate with the body.

01:22:16.560 Was it something like that or no?

01:22:17.700 It had nutrients involved, you said?

01:22:19.040 Well, no.

01:22:19.740 He used the results to try to sell people to get nutrients.

01:22:22.580 Oh, I see.

01:22:23.700 And that was the pyramid scheme he was a part of.

01:22:25.820 Got it.

01:22:26.380 So first there's going to be a place where people are going to get this scan done.

01:22:29.960 And then based on the outcomes of the scan, you're going to be able to sell them nutrients to get them equal.

01:22:37.740 Exactly.

01:22:38.300 Get them whole.

01:22:39.020 Wow.

01:22:40.980 Man, it's crazy the level of people.

01:22:42.960 We had a glitter mining thing by us growing up.

01:22:45.100 People sold these glitter, like you could buy shares of glitter mines or whatever where they were mining glitter.

01:22:49.520 And they fucking robbed so many of us.

01:22:52.020 Oh, yeah.

01:22:52.660 I was in a pyramid scheme too.

01:22:54.480 I put, I lost something.

01:22:55.820 What'd you sell?

01:22:56.280 So just, it was like, you basically sold somebody right into a pyramid.

01:23:01.540 Like I got into an, it was on the chart, it was a pyramid.

01:23:04.740 Yeah.

01:23:05.780 And it was like, well, I remember asking somebody like, is this a pyramid scheme?

01:23:09.200 And they're like, I don't know.

01:23:10.040 Do you remember what you were selling?

01:23:11.260 Just, you sold literally the square that you had.

01:23:13.700 It was like, I'm going to sell, somebody sold me a square.

01:23:18.000 And then it was like, okay, now I get two squares.

01:23:20.280 I get to sell two squares.

01:23:21.600 It was a, it was a.

01:23:22.880 That is like a literal pyramid.

01:23:24.340 Okay.

01:23:24.780 Yeah.

01:23:25.020 And dude, the crazy part was, I remember asking my friend's dad about it and he had bought

01:23:30.360 into it too.

01:23:31.740 So everybody got took by us.

01:23:33.600 We see people get into the makeup one a lot.

01:23:36.040 The makeup pyramid scheme?

01:23:37.260 Yeah.

01:23:37.600 And this is where you, you buy makeup from someone else and you sell that to other people

01:23:41.360 and you try to recruit people to sell makeup.

01:23:44.360 And well, there's like Donna, uh, what's that Donna?

01:23:47.820 What's that K?

01:23:48.500 Mary Kay?

01:23:49.020 Mary Kay.

01:23:49.540 We get lots of Mary K's.

01:23:50.720 You do?

01:23:51.240 Yes, absolutely.

01:23:52.360 I'll tell you a story.

01:23:53.140 I was at, uh, in West Virginia, I was doing a show there one weekend and they had the grand

01:23:58.920 sellers of the Mary Kay group and they all had Cadillacs or whatever and they were doing

01:24:04.100 a big thing there and they all pulled up.

01:24:07.000 I mean, they must've had 40 different Cadillacs that they pulled up.

01:24:09.420 They figured out the game.

01:24:10.620 Multi-level marketing.

01:24:11.860 Right.

01:24:12.040 So it's kind of, yeah, I mean.

01:24:13.920 Again, people don't want to do the low and slow.

01:24:16.060 They want to get rich now.

01:24:17.140 Right.

01:24:17.860 They're not willing to just invest and hopefully hit that 59 and a half.

01:24:21.040 That's when you can withdraw from your retirement tax advantage retirement accounts without a

01:24:25.700 penalty.

01:24:26.160 Is that one of the things you see with, um, the younger generation is just because at

01:24:29.340 TikTok, there's so many more schemes out there.

01:24:31.380 Yeah.

01:24:31.900 Is people wanting the easy way out?

01:24:33.400 Absolutely.

01:24:33.700 Cause they see other people that have a proven success rate to actually do it.

01:24:37.400 So it's just a quick way to get to wealthiness and 60 seems so far to a 20 year old.

01:24:43.580 So far.

01:24:44.440 Yeah.

01:24:44.800 Um, what were some, I know there were some, uh, I'm trying to think of some different

01:24:48.900 inventions or schemes.

01:24:50.280 There was one called Dyna, Dyna, D-Y-N-A.

01:24:56.760 It was a bike wheel.

01:24:58.040 This thing was crazy.

01:24:59.860 Dyna bike wheel.

01:25:01.580 This was it.

01:25:02.400 Pull up this Dynasphere, Dynasphere vehicle, zoom in.

01:25:09.420 The Dynasphere is a monowheel vehicle designed, designed, patented in 1930 by John Archibald

01:25:16.100 Purves, um, from Somerset, UK Purves idea for the vehicle was inspired by a sketch made

01:25:21.940 by Leonardo da Vinci.

01:25:23.080 Look at this thing.

01:25:24.360 Two prototypes were initially built a smaller electric model and one with a gasoline motor.

01:25:29.520 Um, let me see the driver's seat.

01:25:32.080 The seat and the motor were part of one unit mounted with wheels upon the interior rails

01:25:36.560 of the outer hoop.

01:25:37.720 I mean, this thing looks crazy.

01:25:39.460 If you can, you can't see this, um, on audio, but it's basically a guy driving a huge tire

01:25:44.520 around.

01:25:45.940 Um, the singular driving seat and motor unit when powered forward would thus try to climb

01:25:52.440 up the spherical rails, which would cause the lattice cage to roll forward.

01:25:56.320 So basically you're in a fair, it's like something you'd be in at a carnival.

01:26:00.700 Steering of the prototype was crude, requiring the driver to lean in the direction sought to

01:26:05.080 travel, uh, though Purves envisioned future models equipped with gears that would shift

01:26:10.060 the inner housing without leaning, thus tipping the Dynasphere in the direction of travel.

01:26:14.740 Purve, uh, a novelty model was later constructed by Purves that could seat eight passengers.

01:26:19.300 The Dynasphere 8 made specifically for beach use.

01:26:22.800 I want to see that.

01:26:23.800 How do you fit eight people in that?

01:26:25.480 It looks like a beach toy.

01:26:26.240 It's basically like a hamster wheel.

01:26:27.440 If you guys could imagine a hamster wheel that someone drove.

01:26:31.420 Um, oh, there you go.

01:26:32.300 There's that eight seater.

01:26:33.080 Oh, that's kind of cool.

01:26:33.860 You get to sit in a circle and it just cruises.

01:26:36.540 That's romantic.

01:26:37.680 Yeah.

01:26:38.440 Um, okay.

01:26:39.100 Go back.

01:26:39.520 I just want to see what happened to it.

01:26:42.560 Um, it was also impossible to steer or break another aspect of the vehicle that received

01:26:46.860 while the mirror, while the vehicle could move along just fine.

01:26:51.300 It was also impossible to steer or break another aspect of the vehicle that received criticism

01:26:55.060 was the phenomenon of, uh, gerbling, uh, gerbling the tendency when accelerating or breaking

01:27:01.940 the vehicle for the independent housing, holding the driver within the monowheel to

01:27:05.100 spin within the moving structure.

01:27:07.580 Imagine you slam on the brakes, right?

01:27:09.880 The vehicle stops, but you just keep spinning in the middle.

01:27:13.220 We need Elon to get on this.

01:27:14.720 Bring it back.

01:27:15.280 Yeah.

01:27:15.480 That's something we need back.

01:27:16.820 What else did that?

01:27:17.440 I'm trying to think of a, oh, the banana slicer.

01:27:19.360 Can you see if you find that one?

01:27:20.520 And this was something that somebody invented.

01:27:24.640 The problem was, no, go to that one right there on the right.

01:27:27.480 Hutzler, go to the Hutzler right there.

01:27:28.940 It was a one size fits all, uh, your banana had to be one size, right?

01:27:36.040 So if your banana was obtuse or if it was like, I don't want to say an African banana or whatever,

01:27:40.560 but if it was a different type of banana or Filipino banana, I don't think this, you had,

01:27:44.860 you couldn't use this one.

01:27:47.260 Um, but that's crazy to think about, right?

01:27:49.420 Yeah.

01:27:50.240 That somebody invented that.

01:27:51.360 That was kind of a crazy one.

01:27:52.500 I'm trying to think of anything else I remember hearing about.

01:27:56.160 Um, oh, there's always that baby cage.

01:27:58.660 That was, people would put that baby outside of the window.

01:28:00.720 Remember that?

01:28:01.200 That baby cage out window.

01:28:03.380 Yeah.

01:28:03.600 Hung it from window.

01:28:04.660 Yeah.

01:28:04.820 There you go.

01:28:05.200 Right there.

01:28:05.640 Get that little baby at that cage, baby.

01:28:08.880 The bizarre history at a baby cage.

01:28:11.260 Pull up, click on that.

01:28:13.320 Get me a link to that, daddy.

01:28:14.840 It's a little outswitzy.

01:28:16.540 A little outswitzy.

01:28:17.520 Yeah.

01:28:18.100 A little outsideswitzy, huh?

01:28:20.180 Yeah.

01:28:21.360 Okay.

01:28:22.280 A little, uh, play on words there.

01:28:24.740 Dangling baby cages came into vogue after they were invented in 1922,

01:28:28.560 but their origins really began with the 1884 book,

01:28:32.380 The Care of Feeding of Children.

01:28:35.640 Um, by Emmett Holt.

01:28:37.260 Emmett carefully describes how babies need to be aired out.

01:28:40.460 Fresh air is required to renew and purify the blood.

01:28:43.440 And this is just as necessary for health and growth as proper food.

01:28:48.060 Um, and what were those cages?

01:28:49.360 How big was that baby cage, daddy?

01:28:52.400 Oh, that baby's enjoying it, huh?

01:28:54.440 It's gotta be kind of nice.

01:28:55.360 Put your baby out there for an hour.

01:28:57.080 Let him meet a bird or whatever.

01:28:58.460 Yeah.

01:28:59.520 Have a falcon fucking befriend him.

01:29:02.060 It was believed that exposing infants to cold temperatures,

01:29:04.140 both outside and through cold water bathing would grant them a certain

01:29:06.660 immunity to catching minor illnesses.

01:29:08.420 I could see some of that.

01:29:09.400 So it's the first cold plunge.

01:29:10.740 Yeah.

01:29:11.040 That's all this is.

01:29:11.940 Yeah.

01:29:13.040 Yeah.

01:29:13.480 That's the first cold plunge right there.

01:29:15.360 That's, that's Wim Hof.

01:29:17.040 I think that's one of the earliest pictures of Wim Hof right there.

01:29:20.420 That's Joe Rogan right there when he's a baby.

01:29:23.100 Um, tell me a little bit about your own budgeting at Simpler Budget so I can make sure that, uh,

01:29:29.400 people know about that young people who are confused or they don't want to end up in a

01:29:33.000 bad, uh, financial realm.

01:29:34.700 Tell me about Simpler Budget.

01:29:35.820 The first part of just like fixing finances is the budget because you got to know what's

01:29:39.660 going in and out.

01:29:40.620 And a lot of people overcomplicate it.

01:29:42.320 They get a spreadsheet that they can't manage or they download an app like you need a budget,

01:29:47.040 which is another really good one, but it's like so complicated.

01:29:49.780 And the learning curve is huge and it has all these qualifications for so many things

01:29:54.220 that you just don't need.

01:29:55.740 People that are in bad finances literally just need one place where they can just connect

01:30:00.620 their accounts, tells them where money's going, and you can figure out where to actually stop

01:30:06.720 spending money or close a credit card.

01:30:08.980 Or we even, we're tracking different, uh, accounts where you can see your investments

01:30:12.640 as well.

01:30:13.300 So you can see if you're on track and whatnot.

01:30:15.660 Uh, so just that simple stuff and what a lot of people struggle with, even if they

01:30:19.520 create a simple budget on a spreadsheet, they don't come back to it the next month.

01:30:24.000 So they make the budget, but then they don't actively budget because budgeting is not just

01:30:27.700 making a budget.

01:30:28.500 You got to stick to it.

01:30:29.240 You got to follow it.

01:30:30.180 So this helps you by setting alerts and whatever you need and continued education.

01:30:34.140 And the, you know, premium version, we have these classes with financial professionals

01:30:37.900 that you can join live and ask them questions and they help mentor you.

01:30:42.300 Now, are these classes more valuable than the original classes?

01:30:44.740 So these are real classes.

01:30:45.700 These are valuable classes.

01:30:46.660 Yeah, well, these are financial professionals, you know, certified financial planners and

01:30:49.960 whatnot and people with budgeting experience.

01:30:51.920 Again, the thing we talked about at the beginning, that was just teaching how to day trade.

01:30:54.920 So that's, that's right.

01:30:56.260 So day trading in its own right is risky.

01:30:58.020 This is teaching people how to save and budget and plan.

01:31:00.580 Budget, budget, proven things that like the most, every licensed financial professional

01:31:06.100 would talk about.

01:31:07.380 So keeping people on track, people just need those extra motivations.

01:31:10.640 A lot of people watch our show that are on, that are on track to budget and pay off debt,

01:31:17.260 but they keep coming back because it helps them stay motivated throughout the week.

01:31:20.600 For sure.

01:31:20.860 It's just like, it's almost like going to recovery meetings or AA meetings.

01:31:23.180 It's like you go to the meetings just to keep the word in your head, right?

01:31:25.820 You want to stay motivated.

01:31:27.620 Yeah.

01:31:27.760 I love the idea that you have this world that's entertaining, but then the back end of the

01:31:32.080 entertainment is let's keep people budgeted and on track.

01:31:35.420 It's like, it's exactly really what a lot of young generation needs because things have,

01:31:39.560 everything has entertainment value now.

01:31:40.760 It's like, you know, you're at a funeral and there's people, you know, like they're selling

01:31:44.740 albums and shit or whatever, like they're, you know, um, but you know, there's, everything

01:31:50.600 has entertainment value now.

01:31:52.260 So to have an entertainment value with financial, with adding financial structure to people's

01:31:57.260 lives, I think that's really amazing.

01:31:59.320 Um, there's a lot of people out there that you don't know if you can trust.

01:32:02.480 I've seen them in, in over my lifetime.

01:32:04.620 Oh yeah.

01:32:05.220 You come with these guys.

01:32:06.140 I'm going to name some of these guys, financier types in the world.

01:32:10.700 And, um, can you, will you be willing to just give me your take?

01:32:13.620 If I know them.

01:32:14.400 If you know them.

01:32:15.120 Okay.

01:32:15.460 Grant, pull them up.

01:32:16.380 Okay.

01:32:16.640 Grant Cardone is one.

01:32:18.640 Yeah.

01:32:19.100 Grant Cardone.

01:32:20.680 One thing, one message that I kind of know about him is he, he's okay with going into a

01:32:28.540 lot of debt and risking everything in order to get, you know, property or start a business.

01:32:32.240 He's like, if you're not making six figures at 21, you're a failure.

01:32:35.760 I think, you know, like hopefully I'm not putting words into his mouth cause I don't

01:32:38.840 follow a lot of his stuff, but I know, uh, it's a little too risky for my taste.

01:32:43.000 Okay.

01:32:43.220 It's a little too risky, a little too flexing of wealth.

01:32:45.060 Him with his private jet there.

01:32:46.380 That's, you know, that's, I get the aspirational part.

01:32:49.020 That's great.

01:32:49.760 You know, maybe you'll get there someday, but let's just be realistic for the average

01:32:53.020 American low and slow invest, try to get to retirement.

01:32:56.860 Yeah.

01:32:57.260 I think a flexing of wealth is so bizarre to me cause I would never want, I would never,

01:33:02.420 if I looked at something, somebody else said, I would feel bad if I don't have it.

01:33:05.440 I feel like, or part of me would, part of me would feel inferior or something.

01:33:08.780 And maybe not like up here, but somewhere in my head, I was like, Oh, I'm not good

01:33:12.980 enough for some, I don't understand sometimes why people do that sort of thing.

01:33:16.100 But I also understand that's just my school of thought and that some people like this

01:33:20.700 aspirational style.

01:33:21.840 Like, you know what I'm saying?

01:33:22.780 Let's see the flash and that motivates some people.

01:33:25.720 So I think there's a motivational tactic in it.

01:33:28.280 Um, Alex Hormazi, you know him?

01:33:31.200 Oh yeah.

01:33:32.740 I think he's really good in like the motivational part.

01:33:36.280 You know, I don't know a lot about his own financial advice, but in terms of, you know,

01:33:40.820 really being motivated for your entrepreneurial mindset, that's been really good.

01:33:45.280 And honestly, I've watched a couple of his videos when I was dealing with a couple, you

01:33:49.480 know, issues while we were scaling our business and just like, you know, what does this guy

01:33:53.080 do?

01:33:53.340 He built like a multi-million, a hundred million dollar business.

01:33:57.160 And you know, obviously that's, if someone's done it, maybe listen to them.

01:34:00.880 So I've listened to a couple of things that have been beneficial from him.

01:34:04.060 Um, Ty Lopez, he's the famous guy that would read a book a day.

01:34:08.100 That shit always was crazy to me.

01:34:10.600 I think this is the guy that kind of put a bad taste in everyone's mouth about buying

01:34:15.700 courses online, which kind of sucks because I think you can, we've put a lot of time

01:34:22.800 and value and resources in producing educational content, uh, that, you know, people could pay

01:34:27.620 for that helps guide them a little more handheld.

01:34:29.440 And we've seen like one of the lowest refund rates, even though we offer free refunds, like

01:34:35.880 no matter what.

01:34:36.680 And we've seen like the lowest refund rate in the industry, but so many people immediately

01:34:40.240 they see the class and like, Oh, it's a scam.

01:34:42.380 It's a scam.

01:34:42.680 You have to pay for it.

01:34:43.300 It's a scam.

01:34:43.900 Right.

01:34:44.180 And it kind of started with this dude selling a course on a million different things.

01:34:49.320 Uh, we had the book in a day.

01:34:50.640 Shit was always weird.

01:34:51.480 Like, I don't even know if I want to talk to a guy who just read where the red fern grows.

01:34:55.140 You know what I'm saying?

01:34:55.820 Like, I don't know who I, if I want to fucking talk to a guy who just read that in one day.

01:35:01.800 But again, it was also the, it was the Grant Cardone, like wealth flexing thing.

01:35:04.320 All his videos were like, you know, behind a Lamborghini in a garage and that's not where

01:35:08.600 the average person is going to be.

01:35:09.520 And that's okay.

01:35:10.320 It's okay to be poor.

01:35:13.340 It's fun.

01:35:14.000 Well, it's okay to be settled with just a good content retirement.

01:35:17.120 Not everyone needs to risk everything to go crazy and go into a lot of debt on a big risk.

01:35:22.100 Not that that's what he advocates for, but yeah.

01:35:24.900 And having a job is just one of the most important things.

01:35:26.680 I remember my buddy's dad would always just say, do you have a job?

01:35:29.780 It's the first thing he would ask me every time I saw him, do you have a job?

01:35:31.960 If I had a job, he'd talk to me.

01:35:33.360 If I didn't have a job, he wouldn't talk.

01:35:34.660 It's just like, you need to have a job.

01:35:36.200 You need to have something you are doing and not because you need to be part of capitalist

01:35:40.660 success, but because you need to go and do something, right?

01:35:43.500 You have to have a job.

01:35:44.920 It can be, you know, you're making something at home that you're aiming towards selling or doing,

01:35:49.340 but you want to have some motivation.

01:35:50.840 A job is just a form of motivation.

01:35:52.640 It's just an active motivation.

01:35:54.300 Well, there's some purpose.

01:35:55.080 People find purpose in jobs.

01:35:56.480 Some people are purposeless after retirement.

01:35:58.860 People do, you know, fire.

01:36:00.240 Do you know fire?

01:36:01.260 Do I know fire?

01:36:03.460 Fire?

01:36:04.000 The independence movement where you stack up as much money as possible, invest it all

01:36:08.020 like crazy so you can retire at like 45.

01:36:10.540 A lot of people did that and no one's really doing it anymore because everyone retired at

01:36:14.280 45 with a few million bucks and they're bored and they have no purpose and there's nothing

01:36:18.600 because they don't have a job.

01:36:20.200 They have a family maybe, but they don't have the purpose.

01:36:23.280 Oh, I know.

01:36:23.800 I have some women friends that have like spent the really got focused on and they now they

01:36:27.860 want families and stuff.

01:36:28.860 And so now that's a little bit tough for some of them.

01:36:31.020 Oh, sure.

01:36:31.460 I think fire affects women probably differently because they can have children maybe too,

01:36:35.320 you know, if they focus so much.

01:36:36.800 But even guys like, I mean, I focus on work mostly.

01:36:40.220 My biggest relationship is my work.

01:36:41.940 You know, it's like I don't have a relationship right now.

01:36:43.800 I'm not lamenting about it.

01:36:45.180 I would like to get married or something.

01:36:46.280 But when I'm like, who's my spouse?

01:36:48.760 It's my, you know, I put a wedding ring on my job.

01:36:52.060 You know, I like, I like working.

01:36:53.800 The second I think about doing something, I think about working, you know.

01:36:58.560 What about Gary Vaynerchuk?

01:37:01.260 He's kind of a wild one, huh?

01:37:05.160 Gary's always been like the guy.

01:37:06.580 He's like, oh, you got silverware in your house?

01:37:08.380 Sell it.

01:37:08.860 Sell it right now.

01:37:10.040 You know, sell your silverware, sell your house.

01:37:12.520 How much is your health worth?

01:37:13.520 Three thousand?

01:37:14.320 Sell it.

01:37:14.800 To get out of debt?

01:37:15.860 Sell the silverware.

01:37:17.300 Sixty five dollars.

01:37:18.160 And then he'll pull up.

01:37:18.920 I'll be standing in a park, right?

01:37:20.460 Because he has nowhere to live now.

01:37:21.760 He's eating soup with his hand because he has no more utensils.

01:37:25.180 And Gary will be like, how much money you got?

01:37:26.840 And the guy's like, I got four thousand dollars cash.

01:37:28.780 He's like, you fucking did it, buddy.

01:37:30.500 And he'll hug him and then drive off in a limousine, right?

01:37:34.240 Oh, right.

01:37:34.840 But it's like, that's the thing.

01:37:36.360 It's like, you just don't want any loose cash sitting around, you know?

01:37:39.300 What's the purpose?

01:37:39.760 He's like, oh, your grandmother's asleep?

01:37:41.160 Sell her fucking nightgown while she's resting.

01:37:43.640 She don't need it.

01:37:44.740 You know, it's like anything.

01:37:45.980 Anything they have, lease it out.

01:37:47.760 Your grandfather's taking a nap, lease out his eyeglasses while he's resting, you know?

01:37:52.260 It's just all type of stuff like that, man.

01:37:54.400 Do you know the purpose, though?

01:37:55.340 I'm so curious because I do not know this guy.

01:37:57.220 It's a motivation, I feel like, right?

01:37:59.600 And this is just my opinion also.

01:38:01.640 But it's just, it's always, there's always something they want to motivate you to do,

01:38:05.560 you know?

01:38:06.020 Yeah.

01:38:07.320 And Vaynerchuk, his family owned a wine company growing up.

01:38:10.340 No shade, but it's like, dude, if my family had a wine company growing up, you know?

01:38:15.760 I remember my mom beat me one time with a bag of fucking frozen oranges.

01:38:19.240 I remember that shit.

01:38:20.420 Did he sell his winery?

01:38:21.320 It's a little different than that, but I'm just saying, uh, I'm not sure, but I'm just

01:38:26.640 saying, you know what I'm saying?

01:38:28.560 The Merlot don't fall far from the grape, you know what I'm saying, brother?

01:38:32.720 Um, what else are we going to talk about?

01:38:34.600 Ty Dolla Sign.

01:38:35.520 He's not, is he an investor?

01:38:36.760 No, he's just a, what does he do?

01:38:42.760 Yeah.

01:38:43.220 Um, financial advisor?

01:38:44.740 No.

01:38:44.940 Uh, there isn't much information about Ty Dolla Sign's investments.

01:38:50.620 Okay.

01:38:51.660 So I don't know how you ended up on our list then.

01:38:54.780 Um, what else?

01:38:56.120 Anything else on our sheet we wanted to go over?

01:38:57.240 Was there anything else that you wanted to talk about specifically, uh, Caleb?

01:39:00.320 Oh man, I just want, I just want people to realize that they're in a better place than

01:39:04.960 they think they are.

01:39:05.700 You know, that's kind of one thing we didn't really talk about is that I, you know, I don't

01:39:09.440 want to like, like, just like glug, glug on America, but I agree.

01:39:12.820 I don't want to be negative only.

01:39:15.060 Yeah.

01:39:15.240 This is, there's a lot more opportunity that people aren't willing to accept.

01:39:19.100 We're in a very doom and gloom right now where everyone, again, we talked about the victim

01:39:22.500 thing earlier and everyone's like, it's impossible to get ahead.

01:39:25.700 It's a, why do anything?

01:39:26.900 Because everything's so hard right now.

01:39:28.840 And obviously inflation was brutal, especially when it was nearing that like 9%.

01:39:32.400 But like we just had yesterday, yesterday, before we filmed this, 256,000 jobs added in

01:39:41.220 the last month when they expected 155,000.

01:39:43.160 Like unemployment rate at 4.1%.

01:39:46.200 Here we have a GDP 19 or $25 trillion where in the UK, Germany, Japan, we're looking at

01:39:54.400 three to $5 trillion.

01:39:55.980 GDP per capita here, 70 to 80,000.

01:39:58.720 UK, 47,000.

01:40:00.580 You know, there's a lot of opportunity here.

01:40:01.920 I don't want people to just really always beat themselves down.

01:40:04.400 And I know like my shows, it is on the negative side because the, their finances are really

01:40:09.460 bad, but I want people to know they do have more opportunity out there if they're willing

01:40:13.720 to take a little bit of risk.

01:40:15.480 Yeah.

01:40:16.320 Yeah.

01:40:16.800 And I think that, I think there's this pressure probably, especially with the younger generation

01:40:21.300 to put, you have to put your life on a social media, right?

01:40:24.960 And so then you would be, you would feel more shame about having certain jobs because you

01:40:30.920 wouldn't want to put that reality on the social media.

01:40:33.780 Where like when I was in high school or in college, you didn't, that wasn't a, it was

01:40:37.160 like you didn't, I mean, social media was coming up, but it wasn't like that.

01:40:40.360 It wasn't like you didn't have, you didn't have that immediate reaction with people like

01:40:46.080 ripping you or roasting you or, or, or, or, um, make it funny online.

01:40:51.080 So I think that that's a different thing where it's like, oh man, not what will I think of

01:40:56.280 this job, man?

01:40:57.420 What will other people think if I post about this job or if I live in this world?

01:41:01.680 And I think that that's where you can just be creative.

01:41:03.960 If you do want to post about your job, be funny about it.

01:41:06.080 Be like, you know what I'm saying?

01:41:07.500 And, um, and also you have to just realize like, it's the shit that you don't want to

01:41:12.740 be doing.

01:41:13.260 That's when you sit there and your brain thinks up the shit you do want to be doing.

01:41:16.500 Dude, when I was doing shit, I did not want to do, dude.

01:41:20.200 That's when my brain was getting inspired, bro.

01:41:23.800 I mean, my brain was like, and that's when I got to see what my brain even was.

01:41:27.920 My brain was like, we're going to figure this out.

01:41:29.900 My brain started to surprise me with ideas and thoughts.

01:41:32.660 And, um, so I think that, yeah, you have to like, just know that sometimes you feel

01:41:38.540 like, man, I'm in the dirt, but you're really in the soil kind of type of vibe, you know?

01:41:42.660 Yeah.

01:41:42.840 I like that mentality.

01:41:44.280 There's a lot of shame in certain jobs right now.

01:41:46.780 And that needs to go away.

01:41:48.140 It's like, just put the fries in the bag.

01:41:49.660 It's like, sure, but dude, I used to just put the pizza in the box forever.

01:41:53.480 You know what I'm saying?

01:41:54.240 Like we had a, and it was a blast, dude.

01:41:57.080 Yeah.

01:41:57.340 I delivered Jimmy John's for like six years.

01:41:59.640 Oh, really?

01:41:59.940 Yeah.

01:42:00.400 It was great.

01:42:01.160 I've taught, I've had Jimmy John on this podcast.

01:42:03.440 Yeah.

01:42:03.920 As a business entrepreneur.

01:42:05.720 Big dude.

01:42:06.180 Yeah.

01:42:06.480 Great dude, man.

01:42:07.200 Very big dude.

01:42:07.620 I saw him three weeks ago.

01:42:09.480 Yeah.

01:42:09.880 So it's just like, you just never know where you're going to be, you know?

01:42:12.760 Like, I mean, you just don't, you know, Jimmy John's my favorite sandwich.

01:42:15.300 You almost got hit running across the fucking highway to get a couple months.

01:42:18.480 What are you, a number nine guy?

01:42:19.640 I'm a number nine guy.

01:42:20.540 Me, I go turkey time, extra turkey, light mayonnaise.

01:42:23.920 Don't look me in the fucking eyes.

01:42:25.240 So I'll come in there and get it.

01:42:26.280 Okay.

01:42:26.680 I love it.

01:42:27.460 Yeah.

01:42:27.820 Nice.

01:42:28.300 And I'll honk my horn for I'm going to come in.

01:42:30.280 I'll even call them and tell them that.

01:42:31.680 And they're like, this is getting a little weird.

01:42:33.880 I'm like, just, I want everybody looking the other way to leave the sandwich on the counter.

01:42:37.200 It is a very kind of like, it's the closest I get to like robbing a bank or whatever.

01:42:42.920 What was the last thing I was going to ask you?

01:42:44.700 Oh, what do you think of an eight leg parlay as a realistic probability for somebody trying

01:42:50.600 to get a leg up in the world?

01:42:52.200 You're going to have to explain that one to me.

01:42:53.420 I'm talking about somebody who's got $10 left and they put it on and they put it on eight

01:42:59.160 football games to all hit for a weekend.

01:43:01.420 Okay.

01:43:02.560 Because this is happening basically in every Pi Kappa house in America.

01:43:07.200 Yeah.

01:43:08.100 Dude, betting is getting kind of out of control right now.

01:43:10.100 It's getting crazy.

01:43:10.820 I mean, you have people laying in their bed at night fucking, you know, you know, just

01:43:15.380 hopped up on Zins praying for Saquon Barkley.

01:43:18.440 It's getting bizarre.

01:43:20.320 These betting companies want to sponsor us like every day.

01:43:22.540 We have to tell them to fuck off so much.

01:43:24.380 It's crazy.

01:43:25.080 It's like any kind of drug, any kind of drinking, any kind of whatever, you know, betting can

01:43:29.520 be fun.

01:43:30.060 It can be good.

01:43:30.680 If it gets addictive, that's where it's bad.

01:43:32.380 $10.

01:43:33.020 If you have $10 to your name, that's all you have left.

01:43:35.980 I mean, people probably shit on me for saying this, but it's probably not going to make

01:43:39.300 the biggest difference.

01:43:40.160 We're just being real world about it.

01:43:41.660 For sure.

01:43:42.080 But behavior, there is the behavior conversation.

01:43:44.740 If you are going to throw it towards the bet, that is demonstrating maybe why you got there

01:43:49.800 in the first place.

01:43:50.720 So that could be a good step to correct your behavior for the first time, even if the $10

01:43:54.340 is going to be make a break for whether or not your mortgage is going to be paid.

01:43:57.700 No.

01:43:58.420 Yeah.

01:43:59.000 But it's a good behavior fix.

01:44:01.380 What is a good investment?

01:44:02.680 You just said you keep things pretty safe for the most part, huh?

01:44:05.300 Yeah.

01:44:05.540 I mean, I'm, I'm mixture real estate and like just S and P 500.

01:44:09.540 And when you say real estate, what do you mean?

01:44:11.000 Like what type of stuff would you get into?

01:44:12.320 I got my personal residence, but then up in Michigan where I'm from in Kalamazoo, I have

01:44:17.160 some rental properties there that were like essentially almost like burned down pieces

01:44:20.580 of shit that like no one would live in.

01:44:22.500 And I'm like, all right, I'll buy it, fix it up.

01:44:24.080 And now it's, you know, students are able to live there and stuff.

01:44:26.000 So there's, you know, it kind of matches with my morals a little bit instead of just buying

01:44:30.040 a desperately needed housing, but also it's, uh, making money, which is good.

01:44:34.680 Um, yeah.

01:44:35.620 And over time, it definitely, I mean, time goes fast too.

01:44:38.080 People don't realize it, you know, time goes fast.

01:44:40.740 Um, yeah, people, people bag on Gen Z a lot.

01:44:44.600 You know, I think there's always that thing where it's like, we're bagging on the next

01:44:47.260 generation.

01:44:47.880 But, uh, I was looking at, um, a statistic the other day where, um, Gen Z is like the

01:44:53.080 average job.

01:44:54.160 They keep it for two, like two and a half years.

01:44:58.360 And it's only six months less than millennials kept their job.

01:45:01.660 Sure.

01:45:01.800 You know?

01:45:02.060 So it's not like Gen Zers can't work or that they're not working.

01:45:05.740 You know, sometimes that's a lot of the energy that's out there.

01:45:08.360 Well, you know, the crazy thing, can you look up what Gen Z thinks they need to live?

01:45:12.640 Have you seen this?

01:45:13.620 This shit's crazy.

01:45:15.480 And I'm kind of Gen Z.

01:45:17.020 I'm like in that middle.

01:45:18.020 So I can shiktaf both sides.

01:45:21.340 Well, that wasn't the next, that wasn't the report that came out, but Google AI is telling

01:45:25.060 us something.

01:45:25.360 There we go.

01:45:25.760 See, uh, Yahoo right there.

01:45:27.320 They think they need $500,000 a year to be successful.

01:45:30.600 Okay.

01:45:30.940 Go to that.

01:45:31.580 Minimum.

01:45:32.300 Generation Z thinks it needs half a million dollars a year to succeed.

01:45:35.920 Wow.

01:45:37.100 That part's crazy.

01:45:38.740 Half a million dollars.

01:45:41.000 Um, they pay fourth and I was, uh, let me see.

01:45:44.880 Armand Darjera, Howard, Howard and her fiance together earn more than $200,000.

01:45:50.780 A 28 year old knows that's more money than the vast majority of Americans make yet the

01:45:55.440 Los Angeles couple still live about half an hour's drive from their pricier neighborhoods

01:45:58.980 where most of their friends live.

01:46:00.380 They pay $4,000 a month in rent on top of her $450 student payment, their $400 car payment

01:46:05.840 and the $200 she sends home to her family in Indonesia.

01:46:08.560 So they're saying that they need, uh, the zillennial, she's at the cusp of millennial

01:46:14.260 generation and Gen Z set aside 10% of her income for retirement as a well, healthy monthly

01:46:18.940 budget of $500 for entertainment and dining out, which she said comes with a side of guilt

01:46:22.760 as bigger financial goals continually loom.

01:46:24.960 Uh, in this economy, she said a household income of 500,000 between two people would be

01:46:28.940 very comfortable.

01:46:29.980 Very comfortable.

01:46:30.620 It would be very comfortable.

01:46:31.880 Yeah.

01:46:32.020 It would be very comfortable.

01:46:32.800 And that's also there, man.

01:46:34.420 That's Los Angeles.

01:46:35.560 Yeah, that's fair.

01:46:36.160 But like the median household income in the United States is like $60,000, you know?

01:46:39.660 Right.

01:46:40.180 60, 75, something like that.

01:46:41.860 Yeah.

01:46:41.980 That's one thing that I like about living in a regular place a little bit more is that

01:46:44.440 you start to get a more reasonable idea of things.

01:46:46.260 Yeah.

01:46:47.100 Absolutely.

01:46:47.760 You know?

01:46:48.180 I mean, the, one of the issues that we're all stuck watching these celebrities who are

01:46:51.460 living these insane lives or pretending to also, you know, I find Los Angeles in its

01:46:56.900 own, like it has this like, I did like movies and parties and all this shit, but I always

01:47:01.160 found it to be like, it shuts down early.

01:47:03.740 Like at all the bars close early.

01:47:06.160 Everything, it's, it's all for look, right?

01:47:08.580 Everything there was more like, let's make it look this way.

01:47:11.500 Right?

01:47:11.820 Interesting.

01:47:12.960 One thing I think that tells me specifically though, Zillennial, like I'm a Zillennial,

01:47:17.420 you know, in between that era.

01:47:19.480 I didn't have a job during the great recession.

01:47:21.440 I didn't need to.

01:47:22.240 I was a kid.

01:47:23.120 What that tells me thinking they need $500,000 a year is that there's about to be a big awakening

01:47:28.800 when my generation and the people around me go through our actual first recession.

01:47:33.800 And you realize that, okay, maybe living isn't about being able to get, you know, five cups

01:47:40.100 of coffee a day.

01:47:40.820 That isn't the requirement for life.

01:47:42.460 I want you to do it.

01:47:43.280 Yes.

01:47:43.840 But for them, that is full comfort where, you know, throughout most of human civilization,

01:47:48.540 we're just trying to survive.

01:47:50.040 Yeah.

01:47:50.180 And we are very comfortable right now.

01:47:52.340 Yeah.

01:47:53.300 It's a comfortable world, man.

01:47:54.640 I mean, America is a comfortable place, you know?

01:47:56.300 I know it feels uncomfortable a lot of times, certainly in comparison to other people's

01:47:59.960 lives.

01:48:00.780 But yeah, it's like most of us have food, you know, we have clothing, you know, we have

01:48:05.280 a place to sleep.

01:48:06.100 Yeah.

01:48:06.240 And that, like, in the world, that is opulence.

01:48:10.680 Well, like a demonstration of this, I was dating someone from Venezuela for a little

01:48:15.500 bit.

01:48:15.760 Oh, wow.

01:48:16.280 Okay.

01:48:16.700 I know, exotic.

01:48:17.680 And she, one thing she was telling me about our culture, I was like asking what's different

01:48:21.500 about this culture versus the different cultures she lived in all over the world when she was

01:48:24.480 escaping Venezuela.

01:48:25.420 And she says, you know, things are good in America because of how much we focus on the

01:48:31.640 minor little social issue for everything.

01:48:34.260 When you have the luxury to focus on, um, trans stuff or not just that, like, okay, so

01:48:41.280 Zuckerberg, right?

01:48:42.640 Yesterday he announced that tampons are leaving men's bathroom or whatever.

01:48:45.760 Like, I don't care either way, whatever.

01:48:47.460 But the fact that that is able to be such a major thing that we're freaking out about

01:48:51.780 when you have that in a culture, that's how, you know, everything else is pretty damn

01:48:56.100 okay.

01:48:56.340 Cause we're allowed to focus on energy on that and not just making sure that half the country

01:49:00.700 isn't starving.

01:49:01.680 Yeah.

01:49:01.800 Or sometimes that the media is tricking us too, by saying like, this is what we should

01:49:05.900 be talking about, you know?

01:49:07.000 Yeah.

01:49:07.600 But click.

01:49:08.260 Yeah.

01:49:08.480 But I agree.

01:49:09.200 The fact that people are able to, that people are bringing that kind of stuff up.

01:49:12.120 I'm trying to think of anything else that I wanted to talk about.

01:49:15.180 Um, any other, uh, any other group that came on your show that was kind of fascinating

01:49:20.060 to you?

01:49:20.600 I would love to play one more clip from your show.

01:49:23.240 What's another one that we have that said we could play?

01:49:25.760 Yeah.

01:49:26.100 I just encourage you guys to go.

01:49:27.080 If you like, you know, you get a financial take, it's very much.

01:49:31.800 Um, it's just, it's a perfect microcosm that you're in and it can be a macrocosm too.

01:49:37.720 I'm not trying to little it by saying that I'm not the best with words, but I think it's

01:49:41.600 just a perfect, uh, like, like nucleus that you're in of like entertainment and finances.

01:49:49.020 What's this one right here?

01:49:50.100 Oh yeah.

01:49:53.200 Play this one, dude.

01:49:54.860 We built, uh, 75,000 dollars of student loan debt.

01:49:58.280 Say the degree one more time.

01:49:59.400 All right.

01:49:59.580 Study Shakespeare.

01:50:00.720 Okay.

01:50:01.420 Shakespeare.

01:50:01.980 Lovely guy.

01:50:02.700 What are you going to do with that?

01:50:03.960 Um, well, that's such a complicated question.

01:50:06.800 Like, no, I was really hoping for a more, you knew what you were going to do with this

01:50:10.920 much school.

01:50:11.560 And so this, this is where I just have to say, you know, we come from different worlds.

01:50:14.700 You're not going to understand this.

01:50:16.140 Um, you won't understand like the precarity and why it's really all right.

01:50:19.880 What do you mean though?

01:50:20.760 Like your reaction there was like, Oh, I studied music composition in college.

01:50:24.800 I was in the college of art school of music, but I asked the job and you didn't know what

01:50:30.520 to say.

01:50:30.940 So I have a lot of experience working at writing centers.

01:50:34.260 Um, so I could be, um, what are you, yeah, what are you going to do with that?

01:50:37.680 Yeah.

01:50:38.140 You know what that is?

01:50:39.500 That is an other major thing that is happening a lot throughout is the continuous college because

01:50:44.680 they're, they don't want to leave college.

01:50:46.500 So they go for the master's degree, the doctorate degree, and that's more and more, we're seeing

01:50:50.140 so many more people doing the endless college, get the other degree because once you leave

01:50:54.600 college, it's a scary world.

01:50:55.920 You're on your own.

01:50:56.860 It's very scary.

01:50:57.420 I want to go back every day.

01:50:58.680 I want to go back every day.

01:50:59.880 And this person gets a Shakespeare degree.

01:51:02.640 So yeah.

01:51:03.820 Doctor and Shakespeare.

01:51:05.320 Yeah.

01:51:06.060 To be broke or not to be broke, dude.

01:51:07.740 That's the question.

01:51:08.760 I feel like Woody, uh, now, unless, uh, now, unless you're going to go to a Renaissance fair and

01:51:13.480 get winked at by the King or something, I feel like that's going to be an uphill climb, dude.

01:51:19.400 You know, she wants to be a teacher.

01:51:21.120 That's what they do.

01:51:21.900 You go to school to teach other people to go to school.

01:51:25.540 Stay in this world.

01:51:26.140 Yeah.

01:51:26.380 There is a group.

01:51:27.160 There is always a person who stays in school and people, sometimes it gets blamed.

01:51:32.300 I'm like, Oh, look at this dude.

01:51:33.400 He can't get his diploma.

01:51:34.440 This girl is an alcoholic and she, you know, goes to, um, you know, uh, Rutgers or whatever.

01:51:40.740 But every now and then there's the opposite of it, of somebody who just stays in because

01:51:45.400 they don't want to get out and face the world.

01:51:46.840 Yeah, absolutely.

01:51:47.780 Yeah.

01:51:48.920 Um, cool.

01:51:50.460 Caleb Hammer.

01:51:51.060 I appreciate it so much, man.

01:51:52.120 Thank you so much for just being willing to come and chat with me.

01:51:54.600 Um, I'm excited to see what you guys do.

01:51:57.380 And, uh, yeah, I just think it's really, I think it's really neat to have just, uh,

01:52:01.720 kind of this corner of, um, entertainment and finances and kind of just basic needs really,

01:52:08.020 you know?

01:52:08.800 Yeah.

01:52:09.120 We all need a basic needs voice.

01:52:10.660 You know, we need that kind of like Jiminy Cricket that shows up on your shoulder.

01:52:13.960 Yeah.

01:52:14.140 A little wake up call.

01:52:15.060 Yeah.

01:52:15.560 Yeah.

01:52:15.920 For sure.

01:52:16.240 And you're an alarm clock, man.

01:52:17.240 So, um, thank you so much, Caleb Hammer.

01:52:19.140 Best of luck, brother.

01:52:20.000 Thanks, man.

01:52:20.400 I appreciate it.

01:52:20.960 Now I'm just floating on the breeze and I feel I'm falling like these leaves.

01:52:27.320 I must be cornerstone.

01:52:30.520 Oh, but when I reach that ground, I'll share this peace of mind I found.

01:52:38.040 I can feel it in my bones.

01:52:41.440 That it's gonna tell you.

01:52:44.200 Thank you.

This Past Weekend with Theo Von - January 22, 2025

E556 Caleb Hammer

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