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Financial Audit

52 Year Old Has $0 And Is Stuck In A Pyramid Scheme

Financial Audit

Caleb Hammer

Education, Investing, Business, Self-improvement

4.4894 Ratings

🗓️ 8 June 2023

⏱️ 53 minutes

🧾️ Download transcript

Summary

Check out these fun things: Patreon: ⁠https://www.patreon.com/calebhammer⁠  My socials: ⁠https://linktr.ee/calebhammer⁠  Do you want to be in a Financial Audit and you're in the Austin area? Email castingcalebhammer@gmail.com Sponsorship and business inquiries: calebhammer@creatorsagency.co  _______________________  Timestamps: 00:00 Job (what job?) and income (what income???) 04:09 Starting a new business (pyramid scheme...) 05:44 From making millions to having $0 to his name 09:18 You have NO MONEY!!!! 14:12 Dying with $0 17:00 losing a ton of money on a job 19:26 WAIT, NEGATIVE MONEY?! 23:55 Collections and terrible credit score 30:27 Pyramid scheme p.2 35:00 Being evicted from their house 38:18 Hidden debts... 39:09 Pyramid scheme p.3 43:57 Are you going to survive?! 47:35 I'm terrified for your future... 51:33 Hammer Financial Score --- Support this podcast: https://podcasters.spotify.com/pod/show/calebhammer/support Learn more about your ad choices. Visit podcastchoices.com/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:05.3

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0:11.9

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0:15.0

My name is David Henson. I'm from Austin, Texas, Lakeway area. I'm 52 years old, and this is financial audit.

0:23.4

What do you do for a living?

0:27.0

I've been in construction most of my life, but I call myself an entrepreneur.

0:30.7

Okay.

0:31.2

I have a construction company that I started in 2009, and prior to that, I had executive positions in two different corporations that were in

0:40.4

construction as well.

0:41.3

Oh, wow.

0:43.5

Basically started, when I was going to college, I learned how to build some stuff and I could

0:48.7

make really good money.

0:49.6

So I started just making the money instead of spending my wheels, going to college is what

0:52.8

I thought at the time.

0:54.1

So what do you bring in a year right now? On a good year, my company does, you know, a million and a half.

0:59.9

Ooh. You know, since I've been here in Austin, things have been different. I came here in paralleled my company with another company.

1:07.9

And so during that period, we were doing, you know, $450 to 6 and basically not

1:15.8

collecting a lot of profit. It was kind of a give and take type of situation. So my company

1:21.0

wasn't maximizing itself at the time, but we were pretty busy. And what does this company do

1:25.8

exactly? Well, my construction company is basically a construction

1:29.0

service company. We, I framed, a framer by forte, so framing houses was always a part of the game,

1:35.4

but we moved into remodeling and I'm more or less a residential expert on homes. And so I do a lot

...

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