Caleb Hammer is a personal finance YouTuber. Are we in a financial crisis or spending our way into one? Rising prices, growing debt, and shrinking savings are putting every generation under pressure. But what’s really to blame? A broken economy, bad money habits, or both? The answer could determine whether we’re headed for disaster, or still have time to turn things around. Expect to learn if it is actually harder to make an manage money than ever before, what the hidden costs of bankruptcy are that nobody wants to talk about, why Gen Z is in more debt than any other generation, if most financial problems are psychological in nature, if lifestyle inflation has become a bigger problem than inflation itself, what the biggest financial red flags are when dating and much more… Sponsors: See discounts for all the products I use and recommend: ⁠https://chriswillx.com/deals⁠ [https://chriswillx.com/deals] Get 160+ lab tests for just $365 and save an extra $25 at https://functionhealth.com/modernwisdom [https://functionhealth.com/modernwisdom] Get the brand new Whoop 5.0 and your first month for free at https://join.whoop.com/modernwisdom [https://join.whoop.com/modernwisdom] Get a Free Sample Pack of LMNT’s most popular flavours with your first purchase at https://drinklmnt.com/modernwisdom [https://drinklmnt.com/modernwisdom] Get a free bottle of D3K2, an AG1 Welcome Kit, and more when you first subscribe at https://ag1.info/modernwisdom [https://ag1.info/modernwisdom] Get ChatGPT to explore ideas, solve problems, and learn faster at ⁠https://chatgpt.com [https://⁠https://chatgpt.com] Timestamps: (00:00) Does Caleb Really Get Death Threats? (05:44) Does Gen Z Actually Have It Harder Financially? (18:02) The Hidden Costs of Bankruptcy (21:03) Why People Fall Into Debt (24:13) The Personality Traits Behind Financial Success (25:36) How Debt Impacts Your Identity (27:28) The Trap of Lifestyle Inflation (36:14) The Best Way to Handle Anxious Guests (39:23) Knowledge vs Discomfort: What Makes the Biggest Impact? (44:26) Why Behaviour Is the Real Fix for Money Problems (49:24) What Financial Milestone Makes People Happiest? (52:14) UK vs US: Who’s Better Off Financially? (01:07:36) What Real Financial Education Should Look Like (01:16:38) The Dangerous Consequences of the Gender Wars (01:21:32) The Economic Risks of a Declining Population (01:26:37) Should a Trillionaire Exist? (01:31:37) The Biggest Financial Red Flags in Dating (01:34:19) How Money Problems End Relationships (01:36:53) How Mental Health Shapes Spending Habits (01:40:19) The Dumb Purchases That Make People Broke (01:42:40) How Damaging Is Financial Over-Optimisation? (01:44:56) Is Property Still a Smart Investment? (01:53:43) Is Raising Kids Cheaper Than You Think? (01:55:53) Where to Find Caleb Extra Stuff: Get my free reading list of 100 books to read before you die: ⁠https://chriswillx.com/books⁠ [https://chriswillx.com/books] Try my productivity energy drink Neutonic: ⁠https://neutonic.com/modernwisdom⁠ [https://neutonic.com/modernwisdom] Episodes You Might Enjoy: #577 - David Goggins - This Is How To Master Your Life: ⁠lnkfi.re/SN-Goggins⁠ [https://lnkfi.re/SN-Goggins] #712 - Dr Jordan Peterson - How To Destroy Your Negative Beliefs: ⁠lnkfi.re/SN-Peterson⁠ [https://lnkfi.re/SN-Peterson] #700 - Dr Andrew Huberman - The Secret Tools To Hack Your Brain: ⁠lnkfi.re/SN-Huberman⁠ [https://lnkfi.re/SN-Huberman] - Get In Touch: Instagram: ⁠https://www.instagram.com/chriswillx⁠ [https://www.instagram.com/chriswillx] Twitter: ⁠https://www.twitter.com/chriswillx⁠ [https://www.twitter.com/chriswillx] YouTube: ⁠https://www.youtube.com/modernwisdompodcast⁠ [https://www.youtube.com/modernwisdompodcast] Email: ⁠https://chriswillx.com/contact⁠ [https://chriswillx.com/contact] - Learn more about your ad choices. Visit megaphone.fm/adchoices [https://megaphone.fm/adchoices]