Joe Rogan Experience #2509 - Caleb Hammer

Joe Rogan podcast. Check it out. >> The Joe Rogan Experience. >> TRAIN BY DAY. JOE ROGAN PODCAST BY NIGHT. All day. >> Good to see you. Sorry. [music] You too. Nice to meet you. >> Very nice to meet you, too. I I enjoy your content. Thank you. >> You're a very sensible person and you

deal with a lot of very uncensible people. [laughter] >> How do you [ __ ] keep your [ __ ] together when you talk to these people? You're we tell everybody you're a finance guy. And did you start out in debt and then figured out how to get your [ __ ] together?

>> Yeah, exactly. I I was in college doing all the stupid American things, right? So, you got that unlimited student loan debt for a [ __ ] degree. I was going for music composition, so complete [ __ ] degree. Uh, maxing out every credit card. One of the first pieces of financial advice I got at 18 from the

parents, max out a credit card to get the piano I wanted. So, that's smart. your parents. >> Yeah. It's just the average American experience. You just max out a credit card. I I don't know if your parents taught you anything about personal finances, but most don't. It's It's bad. So, I was just maxing out every credit

card. Like, everyone that comes on the show, like every American out there, we got $1.6 trillion in credit card debt in this country, by the way. >> Crazy amount. Crazy amount. Defaults are to like 7%, which is insane. 7% of credit cards defaulting. >> That's crazy. >> Yeah. And that that is really nuts.

Almost one out of 10 default. >> Yeah, it's absolutely insane. But we have more auto loan debt in this country than credit cards, too, which is even crazier because Americans, you know, they're big pickup trucks and everything. But uh either way, I was doing that. Got my Nissan Ultima and, you know, thinking I was sick driving