“This Keeps You POOR!” Caleb Hammer Reveals The WORST Money Traps To Avoid In 2025

Jan 26, 2025

Caleb Hammer, a no-nonsense personal finance expert, dives into the most common money traps people fall into. He discusses how subscriptions and mindless spending keep individuals broke and the psychological factors at play. Caleb shares insights on accountability in finances and emphasizes the importance of maintaining a balance between enjoying life's little pleasures and discipline. He also touches on managing unexpected expenses and the significance of having an emergency fund, especially for pet owners.

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INSIGHT

Misconceptions about Debt

Many people misunderstand how credit card interest works and avoid confronting debt.
They make small purchases frequently while claiming ignorance of spending habits.

ADVICE

Small Savings Add Up

Consider cutting back on small, regular expenses like subscription services.
If needed, find free or cheaper alternatives such as ad-supported versions.

INSIGHT

Entitlement vs. Sacrifice

There's a sense of entitlement where people feel they deserve treats after work.
Caleb Hammer encourages sacrificing now to enjoy treats guilt-free later.

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