Caleb Hammer discusses his dream of making $15,000,000, his dislike of being a YouTuber, working two jobs while pursuing music, financing his furniture, the messed up used car market, America's eating problem, the overlooked expense of housing, his personal financial struggles, and his perspective from growing up poor.
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Quick takeaways
Excessive car loans and eating out can hinder financial stability.
High housing costs can make it difficult to save or invest.
Student loan debt can prevent individuals from building wealth.
Prioritizing health and fitness can contribute to financial stability.
Personal experiences with financial struggles can fuel determination to improve.
Deep dives
The challenge of car loans and eating out excessively
One common pattern among individuals who struggle financially is their tendency to spend excessively on car loans and eating out. Many people finance expensive car purchases with high-interest loans and fail to prioritize saving or investing. Similarly, the habit of eating out frequently and spending a significant portion of their income on restaurant meals hinders their ability to build wealth.
The impact of housing costs on financial struggles
The cost of housing is another factor that contributes to financial difficulties for many individuals. High rent or mortgage payments can consume a significant portion of their income, leaving little room for saving or investing. While housing costs can be challenging to control, it's important for individuals to consider more affordable options and reassess their spending priorities to achieve better financial stability.
The long-term consequences of excessive student loan debt
Excessive student loan debt is a major challenge for many individuals. The burden of student loans can result in financial strain, affecting one's ability to save, invest, or achieve other financial goals. Student loan debt often prevents individuals from building wealth and can have long-term consequences that hinder their financial well-being.
The importance of addressing health and fitness
Taking care of one's health and fitness is not only beneficial for physical well-being but also for financial well-being. Making healthier choices, such as cooking at home and prioritizing fitness, can lead to lower healthcare expenses and increased energy and productivity. Prioritizing good health goes hand in hand with financial responsibility and can contribute to overall financial stability.
Growing up with financial struggles
The host shares personal experiences of growing up in a low middle-class household and witnessing financial struggles within his family. He talks about the impact it had on his mindset and his determination to improve his own financial situation.
Overcoming past negative behaviors
The host reflects on being influenced by a negative friend group and engaging in bullying behavior during his younger years. He highlights the importance of surrounding oneself with positive influences and striving to become a better person.
Dealing with panic disorder
The host opens up about his experiences with panic attacks and a panic disorder. He describes the intense fear and physical symptoms associated with panic attacks and the impact they have on his daily life. He also mentions seeking professional help and using coping mechanisms to manage his anxiety.
The search for a long-term partner
During the podcast, the speakers discuss their desire to find a long-term partner. They express a craving for a human connection and believe that building a life with someone is important. They mention their preference for someone who is ambitious and introverted like themselves. However, they also acknowledge that they often find themselves in short-term relationships, possibly due to the ease and convenience they offer. They question whether they settle for short-term relationships because they haven't found the right person yet. Overall, the speakers express a desire to find a partner and emphasize the importance of a deep connection in their lives.
Dealing with anxiety and insecurities
Another major topic discussed in the podcast is anxiety and insecurities. One of the speakers shares their struggles with anxiety, especially in social situations like dating. They mention feeling nervous and having panic attacks at times. They also express insecurities about their physical appearance, particularly their midsection. The speakers explore coping mechanisms like meditation, exercise, and finding productive outlets for stress. They discuss the importance of self-assuredness and contentment in overcoming insecurities and attracting others. Despite their insecurities, they remain open and honest in their pursuit of personal growth and meaningful connections.
Take advantage of NetSuite’s FREE KPI checklist: https://www.netsuite.com/ICED Start creating high-quality content easily with Streamyard: https://clickurl.ca/ICH-StreamYard NEW: Join us at http://www.icedcoffeehour.club for premium content - Enjoy! Add us on Instagram: https://www.instagram.com/jlsselby https://www.instagram.com/gpstephan Timestamps: 00:00 - INTRO 00:36 - Caleb's $15,000,000 Dream 05:50 - Caleb HATES Being A Youtuber 12:48 - Working 2 Full-Time Jobs WHILE Being a Musician 21:38 - Caleb Finances His FURNITURE?? 28:14 - The Used Car Market Is F***ED 33:50 - America Has An Eating Problem 42:45 - Housing Is A Overlooked Expense 44:19 - The Guest With The WORST Finances 49:48 - Why Caleb Has Gotten "More Mean" 01:02:13 - The Backend Of Caleb's Business 01:06:34 - What Are Caleb's Financial Weaknesses 01:11:39 - How Is Caleb Hammer Still Single? 01:15:38 - Caleb The Big BULLY 01:24:31 - How Growing Up Poor Help Caleb's Perspective 01:32:18 - Caleb's Panic Attacks 01:39:50 - Caleb's Biggest Insecurity 01:43:42 - Caleb Is That Guy 01:46:33 - The Meaning Of Life Official Clips Channel: https://www.youtube.com/channel/UCeBQ24VfikOriqSdKtomh0w For sponsorships or business inquiries reach out to: tmatsradio@gmail.com For Podcast Inquiries, please DM @icedcoffeehour on Instagram! *Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.
