What podcasts say about Caleb Hammer
Every statement, with the speaker, the exact quote and the moment it was said.
What Caleb Hammer has said on podcasts
90 statements · 35 positive · 48 negative · 2 mixed · 5 neutral
Most Financial Audit guests improve their lives afterward.
“the vast majority do change their lives for the better afterwards”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 4:22
People often have undiscovered debts and collection accounts.
“oftentimes there are debts that they don't know about, collections that they don't know about”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 5:37
Most living costs consume less income than they did in the 1950s.
“the cost of practically every category of life spending as a percentage of income has dramatically dropped since the 1950s”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 6:50
Negative algorithms can encourage Gen Z to spend because they expect permanent economic decline.
“they think everything's going to be so bad forever. Why not just spend the money?”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 10:58
University of Michigan consumer sentiment is near its historical low.
“right now is one of the three lowest we've ever had”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 12:15
The overall U.S. economy is relatively healthy despite specific labor-market problems.
“Things are relatively healthy.”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 13:47
Personal bankruptcy is less severe than commonly perceived, though it costs money.
“bankruptcy is actually not that hard, not that brutal, a little expensive, but it's really not the worst”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 16:54
Bankruptcy can affect credit for seven to ten years.
“There is a credit impact, seven to 10 years depending.”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 18:17
Bankruptcy does not prevent renewed financial distress without behavioral change.
“if you do not change the your behavior that got you into that situation in the first place, you will literally end up right back there again in a few years”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 19:43
Caleb recommends maintaining a six-month emergency fund.
“I would recommend six, by the way.”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 21:46
Pre-existing spending behavior, rather than emergencies alone, causes emergency debt.
“It was your behavior before that emergency.”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 21:53
Lifestyle inflation can exceed income growth.
“When someone gets a 5% raise but increases their spending 6%, you know that that is very common on our show.”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 28:02
The worst Financial Audit financial situations often involve high-income earners.
“People on Financial Audit that are doing worse are the highest income earning episodes.”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 28:09
Higher income can worsen finances when spending behavior and discipline remain unchanged.
“if their behavior is the same, if their inclinations are the same, their lack of discipline is the same, they're actually just going to be in a worse situation”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 44:57
Young investors should let their first million grow in the stock market.
“if you make your first million in your young, let it grow in the marketplace at an average of 8 to 10%”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 48:21
A $5 million portfolio can support withdrawals using the four-percent rule.
“if you do the 4% rule, it's 4% of 5 million”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 48:46
Five million dollars is a strong benchmark for financial security.
“I think the true happiness that you actually can buy is Security. And 5 million is a really good number to get.”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 50:27
Shame around financial hardship reduces access to emotional support and change.
“if we have a whole system where people feel shameful to even bring up their close friends, their family or even their therapist that they're in a bad financial situation, they're not going to get that emotional support”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 52:32
The United States would not accept a national VAT-style tax.
“the United States would never tolerate it at a national level”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 59:18
European austerity during the Great Recession failed economically.
“their more conservative approach of spending, raising taxes, cutting spending there in the recession, it failed, it objectively failed across Europe”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 1:02:32
Nearly forty U.S. states require personal-finance education for high-school graduation.
“We're close to 40 states that now require a personal financial education course to graduate high school.”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 1:09:03
Caleb recommends allocating 50% to needs, 30% to wants, and 20% to investing.
“Starting with something like the 50, 30, 20 method, which is 50% on needs, 30% on wants, 20% on investing.”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 1:10:26
Students should not borrow more for a degree than its expected first-year salary.
“don't get a degree of which you borrow more for than you'll get in your expected first year's salary”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 1:11:08
Students should generally avoid private student loans.
“Really try not to go private.”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 1:13:13
Gen Z has America’s widest gender political divide among generations.
“the gender divide in the generation Z is further than any other generation in American history”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 1:16:55
Men have experienced a sharp decline in post-college employment outcomes.
“it's men that have fallen off the cliff”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 1:18:01
Social Security benefits are projected to face a roughly 25% cut by 2032.
“Social Security is going to have a mandatory 25 cut in 2032 is what's projected.”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 1:22:21
Updated Tesla self-driving can navigate while occupants read, eat, or use TikTok.
“you can read, eat, drink coffee, scroll on TikTok and the car will get you somewhere perfectly fine with that without looking at the road”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 1:27:05
Redistributing a trillionaire’s wealth would provide only roughly $1,000–$2,000 per person.
“if they took all of his money, I think everyone gets like what is it like a thousand or two thousand bucks?”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 1:30:42
A rapid trillion-dollar transfer to Americans would sharply increase inflation.
“A rapid supply of 350 million Americans spending a couple thousand bucks just out of the gate. Like a trillion dollars just pumped into the economy like that. I mean that'd be brutal.”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 1:31:10
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
What others have said about Caleb Hammer
1 statement · 1 positive
Joe Rogan evaluates Caleb Hammer’s entertaining financial advice as valuable and sound.
“what you provide is very valuable. I really do. And I like. And then you've found like this new avenue where you're entertaining, but you're talking about finances and giving people like really good advice, like sound advice.”
Open the episode · #2509 - Caleb HammerListen at 2:20:25
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.