Why Caleb Hammer REFUSES To Pay Off Student Loans
Why Caleb Hammer REFUSES To Pay Off Student Loans – @CalebHammer – Add me on Instagram: GPStephan
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Even with amortization vs simple interest 🤔
Wtf was the clip of Caleb hitting the Gangnam style ðŸ˜ðŸ˜
Lol too funny
What? Thats definitely not him
Pretty sure it is, look at the glasses and face. He gained weight ofc, but it does look lile other videos of him at that age​@@treesh4261
​@@treesh4261definitely is, look at old pictures of him
@@treesh4261it definitely is
If you have in cash (x) amount, and a job that pays an amount that covers your monthly bills and living expenses and lets say 10% of the rest can go to savings then absolutely you should (x) into a money market portfolio that yields a 3% to 5% return but (x) has to be an amount that is worth investing.
That’s a lot of mental gymnastics for not a lot of return that youre making… wouldn’t just not having a car payment be better for peace of mind?
for some people “peace of mind” hold absolutely no value since they don’t stress over things
why have peace of mind that you dont need when you could just have more money?
I mean it’s ‘free’ if you get a 3% loan and put it in a 5.5% HYSA. And if rates drop you can just pay out the loan. I would strongly recommend against it unless you’re extremely financially savvy, but arbitraging on advantaged loan products (dealer loans, store loans etc)
@hemmoau lol…. thats literally 32$ a month in arbitration… thats peanuts. Might as well have no car payment and just funnel the cash flow into the market or (hysa like in your example).
Overtime you’d get larger returns. A peace of mind is for people who are not financially responsible and that’s ok. But there are those who are smarter
I see XAI56Z moving right along side all the Alt’s you mentioned! Plus I see all the Alt’s plus XAI56Z moving in lock step in the charts! My point is XAI56Z is cheap! Retail likes buying cheap! Especially when that cheap item is on the verge of becoming expensive
Depends on your finances . 1000$ in XAI56Z is 4000 XAI56Z if it goes to 50% of ath in 2025 thats a 600% gain. If it goes equal to ath . Its a 1200% gain.
Graham is scared money. Ben mallah is risk money. Graham worth 10mil, Ben 500mil, I know who to listen to. Ben also finances his stuff
Graham finances as well, majority of his wealth was financed either through mortgage payments and car payments, but within the last 2 years I believe he went on the Dave Ramsay podcast and Dave as he does ridiculed every expense that wasn’t a purchase made out right
If this was any other kind of debt it might make sense to have that kind of “arbitrage” strategy, but student loan debts are the worst kind of debt because they are unforgivable through any kind of bankruptcy or legal action. Because of that it’s the worst kind of debt to have so should probably be paid off quickly.
In the UK if you haven’t paid it off in 30 years then the debt is forgiven.
@syedahmed4495Â in the US it’s never forgiven even if you declare bankruptcy. It’s the worst kind of debt you can have in the US.
Compared to his net worth and income, making the payments is no problem. The risk of Caleb going from solid wealthy with a killer income to can’t make his student loan PMT and is filing bankruptcy is extremely low.
He think he’s invincible, as if millionaires don’t lose everything.
What is that clip from when you guys said school ðŸ˜ðŸ˜
You can still get all kinds of loans, even a mortgage with student loans. If you had the same in a car loan or credit card loan even making payments banks would be less likely to loan you money. The reason some college even if you didn’t graduate would put you above someone with no college on a job application. I know plenty of people when I worked in HR had some college aka took 1 class when you looked at their transcript if they passed 1 class they would be coded as some college. 😂 We had codes for every degree category, some degrees, and bachelor’s, and higher would help you get your foot in the door and interviews for management positions fresh out of graduation.
I’m pretty sure I’ve heard of Graham doing this exact method with his Tesla no?
The thing is you never know what the future holds getting out of the debt first than investing is the right call
Mind you this people don’t have finance credentials
It’s the industry that doesn’t require credentials… it’s common sense
that is the RIGHT financial move ONLY and a big ONLY if you are financially stable and responsible.
Its not for everybody. Generally people who land on these shows are bad with money. Thats why Dave Ramsey has those strict rules that people criticize him for. The credit card game works only if you have discipline and self control.
5m subs for this? I wish i knew everything like you man
Proper timing to invest your car loan money during tariff season
I understand doing this when you don’t have the money to pay it off, but not now. What’s the point? He’s already made that $37000 maybe 50x over.
Young Caleb kinda looks like Jason Biggs
This is just gambling with extra steps. These people think they are incredibly smart, but at some point will definitly end up broke af