Go offline with the Player FM app!
Make Money by Questioning Financial Gurus | Caleb Hammer Reaction
Manage episode 515602075 series 2890804
On this episode, Travis and Eric dive into a viral clip from financial podcaster Caleb Hammer, known for brutally honest, entertaining, and accessible advice that puts real-life financial struggles under the microscope. Together, they unpack Hammer’s take on emergency funds—and the problems with generic one-size-fits-all advice in personal finance.
On this episode we talk about:
Why $1,000 in emergency savings rarely works—and the psychological trap of feeling secure with too little cash
How Dave Ramsey’s famous “starter emergency fund” may work in theory, but often isn’t enough in practice, especially for those with significant debt
The real meaning of building financial discipline: Knowing your risk level, running the numbers, and tailoring your strategy
How Travis approaches emergency savings for entrepreneurs vs. employees—and why life always costs more than you expect
Tips for keeping your money liquid, accessible, but not so visible you lose your financial hustle
Top 3 Takeaways
Personal finance isn’t one-size-fits-all—generic playbooks don’t address your actual risks or needs.
A starter emergency fund (like $1,000) is better than nothing, but long-term security needs three to six months of expenses—especially if your income is volatile.
Financial discipline means both protecting yourself from unexpected setbacks and making your money work for you—don’t let “safe” dollars stop you from growing.
Notable Quotes
“Life will always demand more money than you think it will.”
“Past a certain dollar amount, every extra dollar should be out working for you. Money in a savings account loses value over time.”
“You want that feeling of urgency when you look at your accounts—you should be hustling, not getting comfortable.”
✖️
✖️
✖️
✖️
🚀 The Travis Makes Money podcast is powered by High Level — the All-In-One Sales & Marketing Platform built for agencies, by an agency.
🎁 Get your extended free trial at gohighlevel.com/travis
Learn more about your ad choices. Visit megaphone.fm/adchoices
1263 episodes
Manage episode 515602075 series 2890804
On this episode, Travis and Eric dive into a viral clip from financial podcaster Caleb Hammer, known for brutally honest, entertaining, and accessible advice that puts real-life financial struggles under the microscope. Together, they unpack Hammer’s take on emergency funds—and the problems with generic one-size-fits-all advice in personal finance.
On this episode we talk about:
Why $1,000 in emergency savings rarely works—and the psychological trap of feeling secure with too little cash
How Dave Ramsey’s famous “starter emergency fund” may work in theory, but often isn’t enough in practice, especially for those with significant debt
The real meaning of building financial discipline: Knowing your risk level, running the numbers, and tailoring your strategy
How Travis approaches emergency savings for entrepreneurs vs. employees—and why life always costs more than you expect
Tips for keeping your money liquid, accessible, but not so visible you lose your financial hustle
Top 3 Takeaways
Personal finance isn’t one-size-fits-all—generic playbooks don’t address your actual risks or needs.
A starter emergency fund (like $1,000) is better than nothing, but long-term security needs three to six months of expenses—especially if your income is volatile.
Financial discipline means both protecting yourself from unexpected setbacks and making your money work for you—don’t let “safe” dollars stop you from growing.
Notable Quotes
“Life will always demand more money than you think it will.”
“Past a certain dollar amount, every extra dollar should be out working for you. Money in a savings account loses value over time.”
“You want that feeling of urgency when you look at your accounts—you should be hustling, not getting comfortable.”
✖️
✖️
✖️
✖️
🚀 The Travis Makes Money podcast is powered by High Level — the All-In-One Sales & Marketing Platform built for agencies, by an agency.
🎁 Get your extended free trial at gohighlevel.com/travis
Learn more about your ad choices. Visit megaphone.fm/adchoices
1263 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.