I'm $43,000 In Debt And My Business Makes $0 | Financial Audit
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- čas přidán 22. 08. 2024
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I think this dude is going going to make it in the end, but he's being risky affffff
Glad to hear you think so Caleb! Out here working
@@NicksDynasty Keep going Nick! You can do it!
Graham should an appearance on your channel
@@lm1534my Thank you so much!!!! Will do
@@droiddevx03 Thank you so much!!! we had a busy day today and hope for another one tomorrow. stay tuned
Thanks for reacting to my crazy life
Im working hard to keep my dream growing
I actually used to work on a food truck and studied food in college so im just chasing my dream. The plan is to hire a employee to my hours of operations to bring in more revenue. Definitely going to keep flying to keep my flight benefits.
If yall are ever in Columbus come by the truck for some fire breakfast
Good luck with your truck!
Your food is fire 🔥
@@NobilityProduced thank you so much!
@@jesusforjapan8124 thank you bro! Now it's time for the world to know!
💪💪💪
Graham needs to make an appearance on Caleb's channel talking finances!
Yes he should i had a great time even though he roasted me for my truck debt
Or hear me out, the guest comes in expecting Caleb and comes out to see Graham.
I wonder if graham is gonna be one of the people who audit caleb whenever that finally happens
@@delbomb3131Oh my goodness yes 😂😂😂
This aged well
Isn't it ironic, in a video where Graham is roasting starting a new business with a loan, he's sponsored by a loan service for starting new businesses? :D
This guy seems genuine, hope his business succeeds
Thank you so much! i'm working wark to grow
He works for Delta and Delta is actually one of the few airlines that pays for boarding (before the plane takes off). So he is a little better off than other flight attendants
Graham: It's a terrible idea to start a business with debt before making any money!
....
Graham: This video is sponsored by Fund&Grow! Get 250K for your small business now!
😂
Graham should be audited by Caleb. I wonder what hidden secrets we could hear about...like a Starbucks credit card??? :D And Graham could react back on his audit....inifinite monetization loop engaged.
YES
I have student loan debt but I have to defend going straight to college. My hometown is less than 5,000 people. Most people occupying entry-level jobs aren't planning on leaving anytime soon. There are only a handful of places to work. The nearest metropolitan areas are hours away. For poor families going straight off to college is the only feasible way to get to a bigger city with more job opportunities. I think Graham and Caleb should broaden their focus to low-income individuals living in rural areas. Because those situations are hard to get out of without an education, family savings, credit history, health insurance, connections to business owners, etc. When I went for a job at McDonald's in high school they didn't hire me because my sister was fired from there. And simply no open positions anywhere else. Even if I wanted to go straight into working I would have had to move and with no money, a college situation was the only option because my grandmother would've just gotten poorer trying to provide for a grown man. These are the challenges with not going to college and staying at home with parents. Some families simply can't sustain it.
If you have an internet connection, you have access to alot of opportunities to make money and learn. Student loans are bad if you take out an extreme amount you have no hope of paying back through your degree, but if you feel like its your only option, then you better get a STEM degree.
@@LeesaLilHop I agree. My degree is from an online program. But internet is not for free. Generally scholarships and grants should subsidize borrowing which is why you have need-based and diversity programs. However rhe cost of all mainstream forms of education are increasing.
Yes. Another Caleb video. I love it when he roasts these people. He must enjoy roasting people. You never want to dip into your savings unless you really need it for a real emergency.
The moment the fed bailed out banks everything changed. I was really hopeful of my investments this year, but all my plans have been disoriented, I've been studying the market crashes and I realized some investors made millions from the recent 2008 recession and I was wondering if such success rate could be achieved in this present market. I'm open to ideas on how to invest for retirement.
Cryptocurrency crashed the last couple years, so it should be starting a new run to a new high
I only buy quality firms, anticipate to hold them regardless of what happens, pay up but not too much, keep track, sell only when necessary, and be ready to course correct. also ignore the forecasts and market views which are at best entertaining but completely useless. Major thanks to Trisha Jean Webb my CF.A.
@@LesleyCapuno Did a quick web search, she is very impressive , left a mail after going through her resume.
I love how supportive you are when people want to do their own business.
but not when people want to go to college for an education 😂
@@richielives 🤣🤣
@@richielives To be fair, he does clarify that statement by mentioning he would rather people work for a year before jumping into college. That's exactly what I did and it made deciding my college path much easier.
He just made a reaction video of your reaction. Nick's Dynasty
He can still write the food truck off, but the part time thing he may want to look into the busy areas like clubs, event areas of his city that way he can get an income rolling into his business.
Why did Graham think it was a good idea to dunk on taking out loans for a business and at the same time have a sponsorship for doing just that?
Crazy that Graham has a Hammer video hes getting big
1:30 That's absolutely absurd. That should be illegal. If you're AT work, you're fuckin working. It'd be like if I didn't pay my workers when we're driving to and from the jobsite. Like, they're at work, thus they're working. Not that I pay by the hour these days, stopped that silliness 5-6 years ago. Salary is so much easier, even if it costs me more.
I left my stables job at the bank & opened up a mobile boba business. Best decision I’ve ever made! But you have to work your ass off & find multiple events that accept food trucks & apply to them! You also have to market research the area & see what is popular how busy some of these events are as well. It’s a lot of work but once you get it going it’s amazing!
Working towards growth now! My new employee is almost trained to take over and add more hour
Chase that dream reassess what's not working and create a plan to deal with the debt and get to work on making that business produce a good cashflow
I am working on it right now! Should be cashflow positive Jan 2024. We are increaseaing our days of operation in October
Hahaha that guy was totally in charge of boarding our plane the other day. Knew he looked familiar. Hope things work out for him.
Oh wow! Where were you headed? Hopefully I provided great service for you
@@NicksDynasty Hahaha nah dude you were great! I was just headed to the other side of the state.
That ad placement by Graham is the definition of cognitive dissonance
LOL @ the spon section. It was funnily introduced. Good idea. :)
Friendly reminder to stay away from Masterworks
Why?
Why? I haven’t heard anything bad about them
It’s a good concept but it’s long term track record is still to be seen! Also the art market is a bit like MEME stocks it really subjective to market whims
I only started with $20 just to see how it goes. I know i have tons of accounts
Go for a Financial Audit Graham. That video would fire. 🔥 😂
Not gonna lie those Detroit food trucks are the best,
Used to get spicy chicken mac n cheese and tacos from a truck all the time
I own multiple businesses myself and i too make no revenue. It's really sad but at this point i just laugh about it 😂
Jack of all trades master of none lol…maybe focus on one and build that?…I dunno 🤷♂️
Is that a new shirt? Nice. Matches the watch 😊
Lmbo!!! I saw Caleb’s Michigan wood piece with the heart for his city. I didn’t know he too is from KALAMAZOO!👏🏽👏🏽👏🏽❤️ This explains A LOT about his demeanor.😂
Finally a good title
haha thanks
did it all by myself lol
Yes when the doors close for flight attendants, but from my understanding, I could be wrong, until one of the main engines (not the APU) is started, pilots don’t get paid regular pay. Still in flight school so not completely confident in saying that.
Caleb Hammer Graham’s new hero 😂!!!
Ally savings is at 3.75%. My Marcus HYSA is at 4.15%.
On your comment about going to the work force before going to college, I would like to add something. There are companies out there that will actually pay for your college, or towards towards it, going down that route. Save some money on college by doing that.
out of all the financial audits ive watched so far, this has only been the one im like ok this person will be fine in the end. all the other ones - very little confidence that the person would get their finances in order
I'm so glad you enjoyed my episode! I've done some updates on my channel and more are coming. I have big dreams and I will reach them
My boyfriend's family owns a food truck and they initially were trying to have my boyfriend do it fulltime - and it wasn't profitable/they werent paying him properly. I ended up helping him find a fulltime job, and now they run the foodtruck just weekends and only profitable events they know make the most - its just not worth it though..his family only pays him out $200 an event...and event can be 8-9 hours / on top of prep time making the food, shopping, etc...at the end of an average event your getting paid out less than minimum wage. I'm trying to convince him to get another part time job, just do overtime at work, or literally just do anything else.
I found a site that says that although the average food truck makes $400,000 annual revenue, by the time all the expenses are paid, the owner pays himself only $50,000 per year. Is that a good business to start? Actually I DID do this sort of thing. I cooked breakfast burritos each morning and sold them at work. It was a great business, I ran it well, customers were happy, they paid, I made a great profit, but I had to do it every day, no exceptions, and that meant waking up at 3:30 am. So this sort of business could enslave you. Real estate is a much more passive way to make money.
Great video. Love your work. Are you planning on reacting until to debt do us part again?
Great video!!!! I’m a big fan of your work
thank you!
@Graham Where did you got that shirt? The royal green color looks excellent
I heard that some people work in the commuter rail on the trains in Massachusetts get paid pretty well.
good to know!
All depends on the company, easyJet for example would be like this however companies like and Qatar airlines you’re paid as soon as you’re in the airport. It all depends on the company, the better the airline the better the restrictions ect
salary rules in the US are ridiculous - hospitality workers working mainly for tips, flight attendants not being paid until the plane takes off!!
We actually get paid when the parking brake is lifted. Better but still a slap in the face. Delta does pay their FAs for boarding now. they are the only ones
How does Caleb not say Kys
Best financial audity on Caleb hammer besides jack 👍 👌 👏
I'm glad you enjoyed my story!
Nah, you need loads of accounts to benefit from different interest rates, criteria and manage different goals.
I started a non emergency medical transportation business last year, I have turned a profit with myself as an employee, but it is hard to find willing workers. I'm still fighting for my ability to bill Medicaid and Medicare, the state I'm in makes it torture to go through the process of getting the license. I can probably have each vehicle turn in $65k a year if I really put the work in, I have two vehicles.
It takes time for a business to start making money.
Fully agree. You should account for years going by before breaking even. With that mindset you wouldn't take out such large loans in the beginning because your just giving all of your profit away with interest, permits, licensing, etc.
@@saast123 Considering he only does it twice a week for only a couple hours.
So Stephan. Here's how it works. As a student pilot myself, this is how I understand it. The captain & the crew (that consists of the First officer, Flight Attendants, and the Air Martial) don't get paid until the doors are closed. Once the doors are closed, the hourly rate for the captain and first officer start getting paid. Then once the plane enters the runway for take-off, that's when the Flight Attendants, and the Air Martial start getting paid. Once the plane lands and exits the runway via the destination, that's when the flight attendants and air martial stop getting paid. And once the doors open again, that's when the captain and first officer start getting paid. That's what I understood when my flight school explained it to me. Other ATPL pilots and crew, please chime in and feel free to correct me.
love dis guy
This video is essentially my life story wth
I miss some of your vlog style video Graham!!!
I have missed this episode on Caleb's channel. So, I'll watch the full episode before watching this reaction, like everyone should do to support Caleb :) This episode will need to wait 50 minutes and 57 seconds :P
So pilots and flight attendants are paid an hourly rate per flight hour…. So when the parking brake is released at the gate, the clock starts. When the parking brake is set at the destination the clock stops. But flight crews are guaranteed a certain amount a pay per month generally around 75 hours regardless of how much they fly due to cancellations. So for easy math take the hourly rate and multiply by 75ish to get a monthly estimate on pay.
But it doesn't cover the per diem. That adds up to thousands of dollars a year which is mostly non-taxable
And in good times there is profit sharing
Still liking!
Great video
Disagree on the multiple accounts, Graham! Ive had a lot of success using sinking funds (a different account for each thing I know I need to save for) so I absolutely get his multiple account approach. If it works it works!
Graham are you running out of content ideas? been seeing so much Caleb videos on your channel lately lol
It's easy money for him.
Soooo can I work for free 👀
Go graham!
Hey Frank!
@@NicksDynasty U MADE IT!
If you want to be your own boss you need to be willing to commit to working 70+ hours a week 52 weeks a year. If you don't want to put in the hours just work for someone else.
I am almost done traing my new employee to take over and add more days of operation
He should have started from the equipment that he already had and grew from there.
I didn't own any equipment. I was working out of a commissary kitchen. They owned the equipment
❤❤❤
Why is it that neither Caleb nor Graham brought up that this guy was featured on CNBC Make it?
Caleb did at the end of his video actually
Thanks for noticing I was on there
And I can attest to the fact that college for some low-income individuals is simply a means to take the burden off of their families and finding another living situation. My sister who lived with us had two children before I graduated high school with no support from the fathers. Definitely no room for a growing man in the house with no job prospects. Poor college students are trying to help their families, so all the financial hacks involved with living with parents and just working while not going to college even for a year are not feasible for everyone. The student loan lenders are just predatory.
I just want to take care of my mom. She decided to take out student loans for me because I wasn't able to take out a full amount and it only makes sense that I pay her back. She's enjoying a comfortable retirement and I want to make it even more comfortable for her
Your volume was much lower than the video you're watching, should make sure to equalize.
And yeah, many business owners have to take a loan to get it started. Rough :
Declare bankruptcy.
Probably just file for bankruptcy.
Caleb is about as appealing as grumpy cat.
Caleb is awesome!❤
Idk if it’s because I’m desensitized to some of the absolutely financially horrific people Caleb has on his show, but this guy didn’t seem relatively all that bad
I'm glad I wasn't "all that bad"! Stay tuned for updates
❤
🎉🎉
conspiracy theory: he's on the caleb show to build some traction to his page...quite smart actually
Can't lie I skip when you start to talk bc I just want the shirt version of Caleb's videos lmao
How come you don't do your own fininancial audits on people?
He used to but he doesn't anymore
Why spend the effort, when he can just make money by reacting?
Because of the calibre of people that he could get on would be enormous compared to caleb
I make videos like David Dobrik/Mr. Beast and it's hard to compete haha. I'll be there soon though...
I'm so happy I made productive decisions about my finances that changed my life forever. I'm a single mother living in Melbourne Australia, bought my second house in February hoping to retire next year at 42 if things keep going smoothly for me;
👏🏽
The crypto market is highly profitable with an expert broker just like Michael Marcus . I got recommended to him and since then my financial life has been a success.
I started with just 4thousand now earning upto 16thousand WEEKLY
!!!
I am sorry this talking over another video and cutting away every ten seconds is not entertaining who is watching this ?? Unsub.
how is it legal to not pay flight attendents for working just because the airplane door isnt shut or in the air? Seems like a "women get paid less" falsehood. They probably get a salary for being on 24/7 demand.
Delta is finally paying for boarding. The airline has some clause in the contract that allows for this.. it's really annoying
When the door is closed and the parking break is lifted starts the pay full pay clock
You don’t think women get paid less????😂
@@susanclaire901 lol, no
Let’s goooo second comment
Awesome!
777th comment 🎉
3rd
woohoo!
First comment
DID IT!
@@TheGrahamStephanShow DUDE YOU DID IT!!!!
You can die happy now lol