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20-year-old admitted to YouTuber Caleb Hammer he spends half of his earnings on a $64,000 car loan for an electric Mustang

A 20-year-old recently came on the financial and budgeting podcast “Financial Audit” to discuss his many debts, including a $64,000 Ford Mustang payment plan that host Caleb Hammer termed “objectively stupid.” Carlos, who resides in Texas, approached Hammer for budgeting help after incurring debt.

He stated that he worked in security at a soccer stadium, earning around $2,000 per month and that he also contracted as a DoorDash driver, earning approximately $1,000 per month. He said that his salary was almost entirely disposable, that his mother paid all of his taxes, and that he lived rent-free with his father. Get the whole picture—click here ▶