4 DAYS LEFT: Join my investing program at a discount- AND I will give you a $100 moomoo cash reward calebhammer.com/investing/. Join today before the price goes up next week: calebhammer.com/investing/ Click this link to get up to 15 free stocks from moomoo U.S when you make a qualified deposit. Terms & Conditions Apply: j.moomoo.com/00Bn5Z
Y'all, it's been a game changer for me! HIGHLY RECOMMEND!! Comprehensive, straight forward, learning in small chunks, moves at a good pace. I now have an individual stocks account, high yield savings, Roth IRA and CD. Next is getting into a mutual fund. It's so empowering!
Or have poker nights without the money attached, I assure you, poker with friends with NO money involved is just as fun, if not moreso, than when money is on the line
The fact he immediately said that he felt like he would do drugs if he didn't hang out with his friends says to me that he can't stand to be alone with his thoughts/feelings. Get therapy, brother.
@@rubenmejia942might not be trauma but no self love. If someone around him would get him to workout wit them or a combat sport and he’ll find something to get addicted too
@@rubenmejia942 Yep. Trauma gets worse the more you ignore it. I was diagnosed with PTSD at 22. The cause of it was my birth family were evil and abusive. You never fully get over the trauma but you learn to deal with it day to day and rewire your brain by realizing its in the past. Its a hard road to travel but needs to happen. Even if someone doesn't want traditional therapy, you have to replace it with a hobby to distract you from your dark thoughts. Once you get into the habit of doing said hobby it slowly rewires your brain to lessen the trauma. Working out helps a lot. Working with your hands in general helps keep you busy. I do wood working as a hobby, video games, reading, working out, overall hanging out around my farm, gardening ect. Having at least 1 good friend can also help you out a lot too.
@@SavageMinnowWhy do you say that? Genuine question since neither me or anyone close to me has had a gambling issue so I don't know anything about gamblers anonymous
Exactly. If he gambles, he wins, he somehow pays off his debt and then goes into profit, justifying his decisions. Then it's "buy timber wolves tickets" next year...
That is the loop that gamblers get into, and it's really hard to get out of. I've been there and done that. I've banned myself from every casino within driving distance for the next 5 years. Best decision I ever made.
Please look into doing a self-exclusion from your local gambling haunts. I used to bartend, and two or three regulars came in during moments of clarity and asked us not to serve them. I can't speak for everyone, but I took it very seriously. I see it as a form of asking for help, and that's more important than any potential money made.
@@Farseli it’s funny when you put it like that, and No, I would not recommending abusing alcohol just to enjoy sobriety more. But for real I put off getting sober because I was afraid of losing face and losing my friends. And when I had to face my addiction, I immediately encountered a strong community of caring people who are serious about living a better life - and who also completely understand what it’s like to be lost and self-destructive. I’m what’s called a “grateful alcoholic” - humbled by my addiction, awake to the miracle of recovery - sober 18 years and counting every day 🫶🏼
So, I disagree with this. Based on the cars and the hobbies, I'd say he has extremely wealthy friends that he met in the casino. He has an addiction, but they've just got cash to burn.
@@ghostlyone2 Honestly, watching this, I see so much 'ATM withdrawal' and not many 'ATM deposit'. I wonder how much of it is his friends keep him around because of how bad at BlackJack he is
@@ghostlyone2 you're so wrong them are fellow addicts.. watch him stay sober and not have money to gamble see how many of them "friends" hit him up after that..
As a gambling addict myself I had to put myself on the online registry to never be allowed to gamble again. That was almost 2 years ago, still dealing with the mess. Don’t gamble kids
i know if i allow myself in a casino i'd be tempted to gamble away $100 easily.... just can't put myself in a situation like that. they legalized the sports gambling where i live... i tried it out... got the "free" $200... threw another $100 ontop of that probably... after it was gone i deleted those apps... can't let myself be tempted. i thought... as long as i break even it's okay... you'd be surprised how one bad weekend of college football brings you to ZERO.
@obroni Honestly, I'm not surprised. I was about 13 when I realized my behavior at the arcade wasn't normal. I was spending all kinds of money for the chance at more tickets to get a stale teddy bear. Never went back, lol 😂
Ever since Minnesota Bars allowed E-tabs (electronic pull tabs) to fund the US BANK stadium bonds gambling in the state amongst youth has exploded. Prior you had to drive to a Native American casino which were all typically an hour or so away from most areas. Gives you time to rethink the decision or even make the trip.
This guy came across as an absolute idiot. Constantly giving justifications that made absolutely no sense. I have little hope for this one. His constant sighs and expressions when Caleb would give him the answers/keys was telling
@@hectopo I have a feeling this guy is severely depressed and is looking at anything other than working on that depression with therapy to feel better All these addictions speak volumes to that imo
This man has become the voice of my financial conscious. I can just hear him. "Are you serious? Do you need this purchase?, so you think that's okay?!?!" His voice haunts my consciousness, just constantly saving me money by making me feel stupid. I love him
Checking my statements and seeing how much I spent going out to eat this month, all I hear is Caleb screaming in my ear, "YOU GO OUT TO EAT EVERY SECOND OF YOUR LIFE YOU CAN'T AFFORD THIS WHAT ARE YOU DOING?"
Casino I.T. employee checking in - casinos have this thing called "self exclusion" where you can tell the casino that you have a problematic gambling addiction and that you'd basically like to ban yourself from the casino. Casinos are a predatory industry, but at least there's tools that people can use to help themselves out of it if they want to. People lose an insane amount of money so lazy jerks like me can have an easy, fun job. Don't gamble. You will lose.
I'd be curious to know the success rate of self excluders- I think on one hand it shows self restraint to even be able and willing to flag your own behavior to them but I also wonder if half of the people who self exclude end up getting a big itch and driving further to a different casino, spend more time and money there because "well, it was an hour drive, might as well make it worth it" etc and end up digging the hole deeper.
Loaf of bread is like $4 for good bread. Peanut butter is like $5 or $6 Jelly is $4 You can buy some other small snacks for in the lunch box for cheap. Spend $30 and your lunches for the week are sorted. I've eaten 2 PB&J for lunch every work day since I was 23 and it's saved me so much money
Whats crazy to me is how people can eat nasty fast food everyday because nothing can ever beat fresh or reheated home cooked meals plus the quality of the food is 100% better and nutritious then low quality cheap(grade not price) food that cant fill you because the nutrition isnt there. This is probably why most of them are overweight af or skinny like twigs, they dont know how to eat. Now im not saying eating fast food once in a while in a pinch isnt convenient and ok but definitely not every day. Dont think these people ever had a good home made meal in their single life.
"I never said I was a good gambler..." The sad part is he *is* a good gambler. He's actually the *perfect* gambler. The perfect gambler is someone who is convinced enough they can win that they continually go and lose money. He is doing exactly what the casinos want him to
I’m on 3 weeks of stopped gambling.. been the hardest three weeks of my life. My bank account has increased dramatically and my debts have already decreased by big chunks. It’s crazy what you can do when all your money isn’t going to gambling. The house always wins!!!!!! NEVER GAMBLE ITS NOT WORTH IT!!!
He picked the worst car to finance for 40k. The equinox isn’t bad but my guys who run a shop flip them from auction for cheapppp. When they said 40k it blew my mind because my friends re sell models just 5-6 years old for under 10k total value of the car (not profiting that). Even tho they have well over 100000 miles
@@bluejayjh7 More if only he lost that $5 and it put a bad taste in him mouth. Turning $5 into $250 was the WORST thing that could have happened to his impresionable mind.
I don't expect Caleb to read this, but if you do, I just want to thank you. I was living without a single thought of my spending or future, and you've completely changed my life for the better. Sincerely thank you so much!
Yeah look at his poor face at 13.39 I wanted to hug him and cry. HE needs real help. Thought he could quite if he wanted to . 😢No he needs help. Professional. This is one guy I’m rooting for. Would love a follow up on this one.
no man this guy is on the path to bankruptcy. He rides with rich guys and pretends to be rich guy. 100k cars? plays on golf courses? he took out loan for 40k with 9% interest rate on a brand new 2024 car. He wants to be like "heeey guys look at my new car broooo its 2024 0 miles RS model broooo" Sounds like spoiled children. If you baby this dude he is going to keep doing what he is doing. Caleb kicking him while he is down is what he needs. Rarely do these people come back with love and care. They need love and care after they have accepted their situation and have started mending it, not before. ONE of his 20 "friends" need to kick his ass and tell him to get his shit together.
Gambling addiction, alcohol, nicotine. Thats not a financial problem. Thats a mental health problem. The ONE THING we need in this situation is therapy. ASAP.
Gambling addiction has to be one of the worst addictions you can have. I’ve seen it too many times. At least a drug addict or alcoholic knows they’re getting something out of it. When you win a bet, it makes you believe it’s gonna happen again, even if you lose 10 times between those wins. It’s insane.
The worst thing that can happen to someone is winning the first time. Turning that $5 into $200 at blackjack at 15 years old did things to his brain that are difficult to undo.
Tbf there are those guys who actually know how to play blackjack and they know how to win it, and they are considered professional gamblers, but that's defiantly not the case for 99.9 percent of gamblers.
I also think it’s easier to make a profit on the “nosebleed” tickets like he did last season than club tickets. There’s just more of a market for the regular seats. Most folks can’t afford the club (himself included) and ppl who can don’t usually buy them on the aftermarket (it’s often businesses who give away seats as gifts to customers). If he wanted to make more without all that risk could have just gotten more nosebleed seats to resell.
His entire lifestyle is gambling drinking and eating out with rich friends. He's maxed out trying to keep up with them, and develop addictions. He definately is taking out another credit card because when he's too poor to continue the life style, he "friends" will drop him.
So I myself have nba season tickets, funny enough for the timberwolves. If we sold all of them we could definitely make about a 2x profit on our tickets, but we go to enough that it ends up being a little paid for the whole year. and he's right about the wolves "financing;" if your szn tix are 12000 for the year, they let you either do 12000 at once or 1000 for 12 months, which for us is great cause we can take the 11 months we don't spend and put it into high yield since it can make money Difference though: WE PAY THE CHARGE TO OUR CARD EVERY MONTH SO IT DOESNT ACCRUE INTEREST. this guy is paying an extra 150 per month (which becomes 300 after 2 months and eventually an extra 750 by the time the season starts) to hopefully break even. Jesus man
I cant got to Twolves game for less than $100 a ticket because dumb asses like him scalp tickets when they can't afford the tickets in the first place... cool.
It hurts so much watching these videos. People around me keep telling me I need to learn to SPEND. They are worried I don't have the quality of life I should have because I'm too frugal. Yet I'm sitting here in front of the computer and I see people dishing out money they don't even have on things they don't even need. What's wrong with this world?
I was wondering if I was alone in this. “You’re going to wake up and realize your life was boring because you didn’t spend on ‘experiences.’ You look depressed.” All because I’m not a sucker for instant gratification. Can’t be happy without that, huh? No one ever considers that seeing a number go up in an account can make a person happy.
@@pandoramcgee8114 Number going up is a nice + of this style of life, but for me it all comes to 'is it worth the money they ask for?'. Most of the time the answer to that is 'no'. On the bright side, last time I broke a cheap blender and decided it was the last time, I had money to go buy a Vitamix that I'll be able to put on my will, and I'm over 30 years from retirement. Last year I was talking to a guy who had 12$ left in his account the day after he received his paycheck. I asked him what was going on. I took a pen and paper, asked him a few questions about his spending habits. Everything was fine until I asked him how much he spends to eat on an average day. He told in the most serious voice '30-40$... No no no... Probably more like 40-50$'. Turns out that guy was eating fast food 2-3 times a day because he doesn't like to cook. That + an energy drink addiction. I asked him if it makes sense to him to be earning 120$/day before taxes - more like 90$ after the taxman - and then spend half of that for shitty food. For him, it was well worth it.
Gambling addiction is a real thing and it often goes overlooked in comparison to other addictions like alcoholism etc. I sell lotto at my job and have several regulars that will come in with several hundred dollars worth of winnings, who turn around and blow it all on buying more tickets. It’s sad to see tbh.
I had a friend exactly like this kid. He loved to drink excessively and gamble since we were in our late teens. He eventually became a full-blown alcoholic. His severe gambling addiction crippled him financially. You could catch him in moments of sobriety in the early mornings. He would resent what he became but felt he was too far gone to be helped. His life ended ugly at the tender age of 32. In 1 decade he went from a vibrant handsome go lucky guy to an unrecognizable corpse. Point is this kid is heading down an ugly path if he doesn't change. Also, 20 "friends" should be encouraging you to grow not throw your life away.
As a person who has been clean for 1 year from gambling it sounds like he is not ready to give up gambling and should go to a GA meeting and learn that he needs to change sooner rather than later
Might give him some insight into his future to go to a GA meeting and hear the stories. I hope he watches this episode back and can see his addiction with fresh eyes.
I was going to comment the exact same thing. Part of growing up is knowing the difference between company, companions, and actual friends. Likely, this group of people are individuals with destructive vices enabling and keeping each other company while they do it. They aren't friends
For real! Sad thing is, like any addiction, gambling, drugs and alcohol, or even porn, no matter how many times he wins he will always be chasing that first $200 high. $200 will never feel that good again.
My father is 65 and has been in active gambling addiction for 30 years. It ruined our family and caused us to be homeless. I really hope this guy gets help. He was so casual in the way he was describing why he was addicted. My dad still asks me for money and makes up excuses for why he needs it. It’s a real strain. I hope this guest can turn his life around before he ends up like my dad.
Bro is cooked. -$30K/yr income -$40K car loan -gambling addiction -$14K on season tickets that he can't even sell for another 4mons (when we see this episode) I feel like I got punched in the stomach just listening
I legitimately felt nauseous when I saw the car loan details on the screen. I paused the video and just stared trying to mentally accept that over $600 of his $696 payment went to JUST INTEREST 😵😵💫🫠🫣
As a parent (my kids are now 33 and 37) this whole thing makes me sick to my stomach for this guy. As Caleb said, he is way too young to be in debt like this and then dealing with expensive addictions on top of it. So scary!
It can happen if you don't use the card for a while. My amazon card that I paid off years ago and haven't used went from like an 8k limit down to 1500. Last I checked to see if it was still open.
Sometimes they close your card immediately when you pay it off because they don't want you to use it again and see you as to risky. I paid off my Care Credit a couple months ago after paying off thousands for my cat and always paying on time. They decided I was too risky and closed the card immediately after the last payment.
My bank wanted to lower my overdraft limit because I've not used my overdraft in over a year. Told them no. (Better to have it and not need it, than need it and not have it)
I had a crush on him after 2-3 episodes. I like honest and smart men. It breaks my heart to see him rag on himself about his weight when he’s cute and a catch.
My dad had a gambling addiction from his young adulthood basically and it caused so many issues for us (his future family). He also died at 67 on the floor of his job which was coincidentally a casino. Dude, get help please, if not for yourself, for the future people who will love you and be in your life.
This guy’s situation is so dire. He badly needs treatment for his gambling and alcohol addictions. There’s no simple fix, he needs to change his entire life
I feel like he has a family that is higher income. Not many people I know that have the freedom to go golf everyday and knows multiple friends that have $200k cars they like to race.
He's 22 and has already ruined his life financially. Bravo! This is what hanging out with the wrong kind of people for your life gets you. Trying to keep up with "the boys" to fit in will destroy you.
He can declare bankruptcy which will probably be good for him as he can't handle credit anyway and have a fresh start at 30 (hopefully by then he's learned)
I’m sorry, maybe HE is the wrong kind of friend that someone else in that group is hanging out with. He has absolutely ZERO desire to change and justifies his behavior, in fact he REFUSES to change. He’s a bad influence
He just seems like a very insecure guy trying to keep up with his friends group or to seem "cool" to other people. He lit up when he said he had box seats. He is trying to keep up with his fake friends & also rob peter to pay paul.
@@TheMt45 easy there, we'll never know what he's actually like beyond what he's said. Dude's got no impulse control based on his addictive personality, id wager he just doesn't say no to anyone
I work for an online casino and ive seen people hit it big, take the money turn around and put it right back into the casino. :) There is no point to hit it big
Caleb, you are wise beyond your years. He 10000000% needs a therapist. He is so young, so deserving of a good life. He obviously doesn’t know or doesn’t feel a sense of self. My best bet is he’s had something traumatic happen in his life and the addictive behaviors are “covering” the pain/shame, etc. A good therapist can definitely help him
No, he needs to pay the CONSEQUENCE for his ACTIONS, not have some weak beta zero listen to him winge about his self made problems. Remember, therapists NEVER TELL YOU WHAT TO DO, they just doodle on their notepads and call time when the session ends, giving you NOTHING of value.
It seriously depends. Some people just have addictive personalities. I have never had anything truly terrible happen in my life, my parents were (and still are) very supportive and doting, but I notice an addictive personality within myself. I specifically tend to eat too much sugar even though I know it’s bad and I really don’t like it. I notice that if I spend a buck on my phone game, I tend to actually spend $10-15 a day for a week or more at a time before I catch myself. Buying books makes me happy and I can easily catch myself buying a dozen at a time because it feels good and I love them. I just recognize these behaviors and their consequences. I avoid doing these things as much as I can because it’s still destructive. I can easily spend 18+ hours playing video games and not even realize that the time passes. There isn’t any trauma behind these things, it’s just how the brain chemistry makes me feel when I do these things and I’m weak enough to want that feeling constantly. Could therapy help? Maybe. But the only therapist I’ve ever had immediately tried to put me on benzos 10 minutes into my therapy session when I was there for my anxiety. She pushed them for the three sessions I had, then ghosted me on my fourth either because I kept refusing the meds or because she went on a rant about Trump supporters deserving to get Covid and die when I told her my father got covid and I was worried. Completely turned me off of going to therapy.
I just want to share my gratitude to Caleb and all the people who come on this show looking for help, as well as those behind the scenes making this show come to life. After tuning in to a couple of episodes I’ve found that I too have some steps to take to improve my financial situation. Thank you all for the wake up call and best of luck to all who are being financially conscious & responsible.
I use to be somewhat addicted to gambling, what helped me was moving to an area where I don't have access to gambling. Honestly, I haven't spent a dime since I left Oregon.
I have a gut feeling the friends circle is a bit older and even dumber with money. The comment about how his friends have over 100K cars was something that stood out to me. Between that, gambling, golf, drinking, and season tickets...he is living an Instagram lifestyle through credit card debt. Its unfortunate but the majority of people now a days live this way.
He said going to the track is a drinking experience, do his friends even really have the cars? May also not know the actual price of the cars. Bro bought a Chevy Equinox, he’s not an enthusiast.
I wonder if the gambling started in backroom card games rather than actual casinos. There was tons of gambling when I was in high school but it was always at a friends house.
Saw a clip of his gambling rant on TikTok before watching the full show and immediately went on to baileys online casino NJ found the self-exclusion signup and banning myself for the longest possible which is 5 years from all online casinos in NJ and it’s been literally one day and I feel the weight being lifted knowing I can no longer fuel that addiction
Well, more specifically there is a maximum Loan to Value - so if the person wants to put zero down and the max LTV is 120% (rare and generous), between taxes and dealer fees on a $15-20k used car, you eat up most of that $3-4k bonus 20% on top of the sale price and can’t fit any negative equity
It's the 1/10 times that completely invalidated your claim. You eirther can, or you can't. If you can with rare exceptions, you still can... with rare exceptions.
My husband is a recovering alcoholic. He lost a lot of friends in the process but he also gained a ton of new ones. If you pursue your sobriety and bettering yourself you will thank yourself everyday for it. Also, if you go through a program you will meet tons of awesome people. So then you get more friends who are good for your life.
Hey Caleb it Carolyn from California. Thank you for what you do, Caleb this guy has a worse problem than gambling. I’m not a therapist but I feel he needs to mental and psychological help . I think behavior stems from his child hood. I think something happen when he was child to cause this behavior. He has to have his friends which makes him feel wanted and a sense of belonging. As I said his problems stems more than gambling, his problem is within and he really needs to seek help. I hope he gets the help that he needs.
