Author Topic: Caleb Hammer on YouTube  (Read 5557 times)

theninthwall

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Caleb Hammer on YouTube
« on: January 23, 2023, 06:09:08 AM »
I'm not sure if there is anyone else here who watches the Caleb Hammer YouTube channel. He puts up videos where he interviews people from around his hometown on their financial circumstances -- mostly people with a large amount of debt.
I'm not sure most of the people here will learn anything (hence why I'm posting in this sub-forum), but it does make for interesting anti-mustachian viewing. There are certainly some people who have just bad circumstances, but others are at the end of many, many bad decisions.
The thumbnails are a little dramatic (as per most of YouTube) but the content is good.

https://www.youtube.com/@CalebHammer/featured


JAYSLOL

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Re: Caleb Hammer on YouTube
« Reply #1 on: January 23, 2023, 10:25:35 AM »
I'm not sure if there is anyone else here who watches the Caleb Hammer YouTube channel. He puts up videos where he interviews people from around his hometown on their financial circumstances -- mostly people with a large amount of debt.
I'm not sure most of the people here will learn anything (hence why I'm posting in this sub-forum), but it does make for interesting anti-mustachian viewing. There are certainly some people who have just bad circumstances, but others are at the end of many, many bad decisions.
The thumbnails are a little dramatic (as per most of YouTube) but the content is good.

https://www.youtube.com/@CalebHammer/featured

I love those videos, I like to listen to them while Iím working on stuff around the house, I actually posted a link to one of them on here already, was a guy with crazy debt on literally everything you could imagine.  One of the ones that stands out recently was a girl who had really bad credit card and car debt spending more than she earned, who sold (spiritual) life advice etc as a job.  Yikes.  Some of them are pretty put together, but most are entertaining train wrecks lol

theninthwall

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Re: Caleb Hammer on YouTube
« Reply #2 on: January 23, 2023, 11:34:42 AM »
The spiritual coach was wild. When he told her how much tax she would have to pay on her income you could tell she had never even considered it. And the car...she said she had a $30k loan for a 2020 Rav 4 she bought four months ago and I thought, "Well, that's not exactly the cheapest car you could buy, but it's not too bad." Then she goes on to explain there was a $15k down payment so she actually paid $45k for a two year old Rav 4....ouch.

JAYSLOL

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Re: Caleb Hammer on YouTube
« Reply #3 on: January 23, 2023, 01:41:11 PM »
The spiritual coach was wild. When he told her how much tax she would have to pay on her income you could tell she had never even considered it. And the car...she said she had a $30k loan for a 2020 Rav 4 she bought four months ago and I thought, "Well, that's not exactly the cheapest car you could buy, but it's not too bad." Then she goes on to explain there was a $15k down payment so she actually paid $45k for a two year old Rav 4....ouch.

Yeah, that hurt my brain about the car down payment, and I had forgotten about the tax thing, double-yikes!

FIREisCOOL

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Re: Caleb Hammer on YouTube
« Reply #4 on: January 23, 2023, 06:05:30 PM »
Wow thank you for suggesting this channel!  I had never seen it before but watch other financial channels.  This stuff is pure gold.  I have watched two so far and I am hooked!

LD_TAndK

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Re: Caleb Hammer on YouTube
« Reply #5 on: January 25, 2023, 07:05:38 AM »
Interesting. It's facepunches for zoomers.

The style is not for me but it's great he's making financial responsibility entertaining for people that might not otherwise think about it.
« Last Edit: January 25, 2023, 07:08:05 AM by LD_TAndK »

Chris Pascale

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Re: Caleb Hammer on YouTube
« Reply #6 on: March 01, 2023, 09:13:17 AM »
The featured one on his home page is interesting. The guy is 19, the title is that he's a leech, but the kid is fairly introspective, and said that talking to Caleb helped him see he's letting time slip by with no plan.

sonofsven

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Re: Caleb Hammer on YouTube
« Reply #7 on: June 11, 2023, 07:00:04 PM »
I guess his channel is fine if you want to just watch and gloat over how the anti-mustachians live. He gets all riled up at their spending but so far I haven't seen an equal response from any of the clients. Most of them just have that weird eye-roll that I associate with cluelessness and I don't see that it improves after his coaching. Am I wrong?
I'd describe the show a little differently.
It's more of a warning/public service on how not to handle money.
Of course the folks on the show are going to feel exposed, shocked, or humiliated, and they may or may not change their behavior, but to a viewer who sits through an entire episode, and then watches even more episodes, how can the message not start to sink in?
I think he's having a pretty big positive impact.
I've watched a number of episodes and I can't really fault his advice; it's a more realistic and less extreme version of Dave Ramsey.
There's been a few episodes lately where folks have started to clean up their act just in the last few months and said their motivation was seeing Caleb's show.

JAYSLOL

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Re: Caleb Hammer on YouTube
« Reply #8 on: June 13, 2023, 02:14:55 PM »
I'd describe the show a little differently.
It's more of a warning/public service on how not to handle money.
Of course the folks on the show are going to feel exposed, shocked, or humiliated, and they may or may not change their behavior, but to a viewer who sits through an entire episode, and then watches even more episodes, how can the message not start to sink in?
I think he's having a pretty big positive impact.
I've watched a number of episodes and I can't really fault his advice; it's a more realistic and less extreme version of Dave Ramsey.
There's been a few episodes lately where folks have started to clean up their act just in the last few months and said their motivation was seeing Caleb's show.
You're right, it almost doesn't matter if the subject of any particular video takes the advice. I think he has almost 100k followers, surely someone watching is getting the message. Thanks for re-framing that for me, I guess I was having a cranky moment.

He skyrocketed to 500k in the last few months, looks like a crazy ride, other financial personalities including the Ramsey team have noticed and made videos about his audits

wonkette

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Re: Caleb Hammer on YouTube
« Reply #9 on: June 14, 2023, 07:51:35 AM »
This is a fun channel if you like schadenfreude, especially if you share my dislike of Dave Ramsey. It kind of reminds me of watching Suze Orman 15+ years ago, I loved hearing her DENY people from buying boats of whatever bullshit. My favorite Hammer videos are the ones with more "new economy" forms of employment, the spiritual coach, the e girl, there have been several people on 1099s. They *never* consider taxes, it is a meme in the comments now that the IRS is watching this channel.

My main criticism is I don't like how he recommends app based "hustling" like Uber Eats to get out of debt for everyone. Besides the tax issues, often the people have other skills. There was a grad student who had CAD experience and Caleb told him to start doing Uber Eats to pay off credit cards when I know they could get contract work fairly easily.

redhead84

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Re: Caleb Hammer on YouTube
« Reply #10 on: June 14, 2023, 08:18:36 AM »
I will need to check this out. I've been put in the unenviable position of financial guru for my late millennial/early gen z nieces that just can't get it together. I'm curious what kind of approach has a more lasting impact because I'm not sure I'm balancing the helping v. enabling very well.

TheGrimSqueaker

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Re: Caleb Hammer on YouTube
« Reply #11 on: June 14, 2023, 08:53:26 AM »
This is a fun channel if you like schadenfreude, especially if you share my dislike of Dave Ramsey. It kind of reminds me of watching Suze Orman 15+ years ago, I loved hearing her DENY people from buying boats of whatever bullshit. My favorite Hammer videos are the ones with more "new economy" forms of employment, the spiritual coach, the e girl, there have been several people on 1099s. They *never* consider taxes, it is a meme in the comments now that the IRS is watching this channel.

My main criticism is I don't like how he recommends app based "hustling" like Uber Eats to get out of debt for everyone. Besides the tax issues, often the people have other skills. There was a grad student who had CAD experience and Caleb told him to start doing Uber Eats to pay off credit cards when I know they could get contract work fairly easily.

I checked out Caleb Hammer after reading some comments about him here. For the most part it's a show that helps people to feel superior. Someone once described him as the Jerry Springer of personal finance. I like his approach in terms of breaking down different aspects of a person's financial picture and quantitatively evaluating their choices. The squeaking? Entertaining, but a little bit goes a long way.

The bit with the Uber Eats suggestion, instead of the side hustle idea, could potentially be a way to work around a non-compete or exclusivity clause in the employee's employment agreement. Depending on where the employee is, local laws can allow employers to be very controlling and dictatorial about how the employee spends his or her off-work time.

JAYSLOL

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Re: Caleb Hammer on YouTube
« Reply #12 on: June 18, 2023, 10:27:23 AM »
This is a fun channel if you like schadenfreude, especially if you share my dislike of Dave Ramsey. It kind of reminds me of watching Suze Orman 15+ years ago, I loved hearing her DENY people from buying boats of whatever bullshit. My favorite Hammer videos are the ones with more "new economy" forms of employment, the spiritual coach, the e girl, there have been several people on 1099s. They *never* consider taxes, it is a meme in the comments now that the IRS is watching this channel.

My main criticism is I don't like how he recommends app based "hustling" like Uber Eats to get out of debt for everyone. Besides the tax issues, often the people have other skills. There was a grad student who had CAD experience and Caleb told him to start doing Uber Eats to pay off credit cards when I know they could get contract work fairly easily.

I checked out Caleb Hammer after reading some comments about him here. For the most part it's a show that helps people to feel superior. Someone once described him as the Jerry Springer of personal finance. I like his approach in terms of breaking down different aspects of a person's financial picture and quantitatively evaluating their choices. The squeaking? Entertaining, but a little bit goes a long way.

The bit with the Uber Eats suggestion, instead of the side hustle idea, could potentially be a way to work around a non-compete or exclusivity clause in the employee's employment agreement. Depending on where the employee is, local laws can allow employers to be very controlling and dictatorial about how the employee spends his or her off-work time.

For me, itís not so much feeling superior, but an entertaining reminder of why I canít be impulsive and disorganized with my money.  Itís hard enough going through life without actively sabotaging my own finances through bad choices, so I can only imagine how hard things are for people that do.  I genuinely feel bad for a lot of the guests (except for a few that were hard to stand), and while I am in a better position financially than most of them, I have my own struggles in life, and itís easy to relate to a lot of them in that sense.

gdborton

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Re: Caleb Hammer on YouTube
« Reply #13 on: August 03, 2023, 12:29:23 PM »
I like him a lot.

I agree with the sentiment that there isn't as much to learn beyond basics, and have said as much in his subreddit.

https://www.reddit.com/r/CalebHammer/comments/14tc1vi/fire/

To the comment about the show being about feeling superior, I don't think so. The format of the show is basically auditing bad habits and providing a plan to get out of trouble. He's had interviews w/ more successful people, but it's difficult to cut together an entire episode as there isn't as much to go over.

He's stated that he's exploring other shows that he'll place on a separate channel. 🤞🏻 he'll have a much wider variety in the future.


merryt

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Re: Caleb Hammer on YouTube
« Reply #14 on: August 04, 2023, 12:54:32 AM »
What is the point if  Antimustachian Wall of Shame and Comedy OTHER then about feeling superior to otherpeople?

getsorted

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Re: Caleb Hammer on YouTube
« Reply #15 on: August 04, 2023, 12:46:54 PM »
What is the point if  Antimustachian Wall of Shame and Comedy OTHER then about feeling superior to otherpeople?

Sometimes it's just to have somewhere to vent your shock and horror to people who will actually understand. Like, I've been listening to a comedy audiobook where the author talks about her financial vices a lot, and I'm so full of "OH MY GOD," and I have nowhere to put it!

TheGrimSqueaker

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Re: Caleb Hammer on YouTube
« Reply #16 on: August 21, 2023, 11:48:50 AM »
I've gotten hooked on his show as a direct result of this thread. Not for the audit perspective quite as much as for the compassionate strategies he uses when addressing his guests' decision making patterns. As a person who sometimes gives financial advice to others (at their request) I do benefit from seeing it done well.

gdborton

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Re: Caleb Hammer on YouTube
« Reply #17 on: August 21, 2023, 10:15:09 PM »
Quote
for the compassionate strategies he uses when addressing his guests' decision making patterns

DEATH! DEATH DEBT! DEATH!!!!!!

TheGrimSqueaker

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Re: Caleb Hammer on YouTube
« Reply #18 on: August 22, 2023, 12:12:33 PM »
Quote
for the compassionate strategies he uses when addressing his guests' decision making patterns

DEATH! DEATH DEBT! DEATH!!!!!!

And the squeak. I've been trying to imitate his squeak but mine is still too grim.

Pushkina2

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Re: Caleb Hammer on YouTube
« Reply #19 on: August 29, 2023, 02:42:46 PM »
What happened to his episodes being available in podcast form?

lucenzo11

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Re: Caleb Hammer on YouTube
« Reply #20 on: September 25, 2023, 08:51:55 PM »
Heard him talking recently about how they get 30-40 submissions a day with people who want to go on the show so almost everyone that goes on there is doing it because they want to get called out on their BS. Unfortunately, some are on there just to get their face on youtube, but he's tried to screen those people out. He likes to diversify his guests but he also genuinely cares about his guests and wants them to get out of financial trouble which is why it trends towards those in bad situations.

He also said that he's given financial assistance to some of his guests. One guy was homeless and he said he gave him money for a security deposit on an apartment and was going to buy him a fridge so he could store fresh food and wouldn't go get fast food all the time.  At first I thought he was a big jerk but after watching more of him, I do think he actually cares and now that he's really raking in the money, he is trying to give back too.

One more comment, some people have called him out for suggesting Uber Eats. While I agree that most people have some additional skill that could get the a better side hustle, I think a lot of the time he suggests someone go find supplemental income and they make a lame excuse or say that can't find work. So his default has developed into something that is just so incredibly easy to do, that even if it doesn't generate much money, it's not something that most guests can argue against.

theninthwall

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Re: Caleb Hammer on YouTube
« Reply #21 on: September 26, 2023, 04:48:32 AM »
His recent episode on himself was actually pretty cool. It was interesting to see he wasnít invulnerable to making mistakes of his own, like an expensive house after his income had only been higher for a short time.
As someone who got married before the online dating thing began, it was also interesting to watch his struggles with dating apps. Is there a channel that does dating app profile audits like Caleb does financial audits?

JAYSLOL

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Re: Caleb Hammer on YouTube
« Reply #22 on: November 20, 2023, 12:54:47 PM »
Anyone been watching the more recent episodes?  Absolutely nuts, some of the wildest financial mismanagement I could ever dream of lately.  The guy in the episode from today had 4 cars, 3 of which he had blown the engines of by modifying them and racingÖ and they were all financed at 13-18% interest! 

TheGrimSqueaker

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Re: Caleb Hammer on YouTube
« Reply #23 on: November 20, 2023, 01:54:12 PM »
Anyone been watching the more recent episodes?  Absolutely nuts, some of the wildest financial mismanagement I could ever dream of lately.  The guy in the episode from today had 4 cars, 3 of which he had blown the engines of by modifying them and racingÖ and they were all financed at 13-18% interest!

It's as though Caleb and his team have been picking the most self-destructive people they could possibly find. Some of them, I'm certain, have one or more mental illnesses. It's become such a freak show, I can't make it through an episode anymore.

JAYSLOL

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Re: Caleb Hammer on YouTube
« Reply #24 on: November 20, 2023, 02:05:46 PM »
Anyone been watching the more recent episodes?  Absolutely nuts, some of the wildest financial mismanagement I could ever dream of lately.  The guy in the episode from today had 4 cars, 3 of which he had blown the engines of by modifying them and racingÖ and they were all financed at 13-18% interest!

It's as though Caleb and his team have been picking the most self-destructive people they could possibly find. Some of them, I'm certain, have one or more mental illnesses. It's become such a freak show, I can't make it through an episode anymore.

Yeah, heís said that he tries ti help the people that really need it the most, and with a bigger audience, heís getting more and more terrible case studies to pick from.  But seriously, a lot of these people really do need a different type of professional help.  Iím still there for the train wrecks, but I do wish heíd have on some people that actually live on the same planet as the rest of us.