Her Interest DOUBLED !

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2) Important: The creator is a paid influencer and not affiliated with Moomoo Financial Inc. ("MFI") or its affiliates. Content outside of the moomoo ad has not been reviewed by MFI and reflects the influencer's own views. MFI does not endorse any strategies mentioned and is not responsible for the influencer's services.

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These are some fun words: Caleb Hammer, financial audit, Graham Stephan, Dave Ramsey, Ramsey Show, George Kammel, Rich Dad Poor Dad, Podcast, Budgeting, Investing, Stock Trading, IRA, Roth IRA, 401k, health savings, HSA, 403b, college costs, student loans, debt, snowball, avalanche, pension, retirement, financial independence retire early.
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[BetterToDIY]

Estimated interest accrual since last payment says zero. Total interest accrued for the loan says 15, 000

[leannejay]

In all fairness to her, in this instance, she was right. It's $15k interest over the $30k total. Not per month.

[nikki]

$15k of interest on a $30k loan is WILD.

[Prez_Comacho]

He literally reading that wrong. Since last statement was 0. Total is 15k. The outcome is the same but he's reading that line item incorrectly.

[Someperson-]

Pretty sure the girl is absolutely correct. She's a moron for getting a 30k loan for probably trash that will cost her 30k but she seems to understand these papers better than Caleb.

[Woodard]

Caleb read it like 4 times and still couldnt get it right

[pancakelord]

Weird. It says $0 of interest since last statement and 15k of interest accrued. She says it’s new and without knowing any more I’d say new is like 6 months which means that they added all the interest into the total amount as soon as she got the loan. I could be wrong but that’s what I think

[thescoggfather]

Teaching kids about ridiculous things in school instead of the basics gets you kids that dont know how to budget or read their own bills.

[YouraTowel]

It says estimated total interest, over the life of the loan, im assuming if you only made minimum payments. Literally says $0 on the interest since last statement.

[chrisbrunner]

Your show always makes me feel better abouty financial situation.

[ahrenlucchini]

Commenting to once again say Caleb doesn’t give good advice but provides amazing entertainment.

[chrisporter]

I can’t believe Caleb has a team of editors behind putting these clips out and yet nobody thought this one might make him look bad

[SerinX]

"All I can see is... not what the thing says. I'm too busy yelling at you for content to actually read the thing in front of me."

[andrewwalter]

Shell be paying this off for the rest of her life. The interest will keep going up

[pmarcusb]

If that's a credit card, it could be the promotional no interest period was over and whatever interest was accumulated during that period got added to the principal. If you don't pay off the full amount before that period, you get hit with all the interest.

[apa]

I'm not the best financially but this is why the curriculum must change as a senior years. These kids can't even do this basic math. Show them taxes, loans, credit, etc before they leave for college. Show them budgeting especially when they leave for college. Financial freedom is amazing and everyone should know about it.

[LesWiles]

Caleb is always fighting for life when he discovers the numbers.

[Statueshop]

There needs to be guidelines on what can be given for interest etc.

[myshelhilty]

OneMain, did this to me!!! Yes, this is real!

[Derekzparty]

That would had to have been a 50% interest yearly interest rate which is probably illegal.