Brief Summary
This video features Asmongold reacting to a segment from Caleb Hammer's show, where a couple discusses their financial struggles. The discussion covers topics such as mismanaged tax refunds, excessive spending habits, significant debt, and the underlying reasons behind these issues. Asmongold expresses his frustration and offers commentary on the couple's situation, drawing comparisons to his own life experiences and broader societal trends.
- Mismanagement of finances and debt accumulation.
- Generational differences in financial responsibility.
- The impact of consumerism and personal choices on financial stability.
Tax Refund Mismanagement
The video starts with a woman explaining how she received a $10,000 IRS tax refund due to having three children. Instead of using the money to pay off debt, she spent it on a vacation. Asmongold expresses disbelief and frustration, questioning the logic behind spending taxpayer money on leisure when burdened by debt. He suggests that such behavior reflects a lack of financial intelligence.
Critique of Modern Stupidity
Asmongold reflects on how societal changes and increased complexity have created problems for individuals who might have thrived in simpler times. He argues that some people are inherently not equipped to handle modern financial complexities. He uses the example of teaching finance and statistics to someone who lacks the capacity to understand, comparing it to teaching a cat.
Employee Treatment and Work Ethic
The discussion shifts to workplace dynamics, with Asmongold mentioning an employee working on their birthday. This leads to a debate about whether employers should mandate days off for birthdays, with some arguing it's a caring gesture and others viewing it as unnecessary. Asmongold contrasts the perspectives of those in non-profit sectors with those in for-profit environments, highlighting differing views on financial priorities and work-life balance.
High Income, High Spending
The video introduces a couple with a net monthly income of $9,200, yet they are on a financial audit show due to their excessive spending. The husband reveals that their spending habits are out of control, leading to marital strain. Asmongold mocks the wife's attire and accessories, including Pokémon-themed items, and questions their financial priorities.
Millennial Spending Habits and Trends
Asmongold apologizes for his generation's (Millennials) perceived financial irresponsibility. He criticizes the wife's obsession with a trendy item called "lab boooos" and expresses bewilderment at the couple's spending habits. He connects these habits to broader societal issues and questions what has gone wrong with the millennial generation.
Debt and Lack of Awareness
The husband reveals that the couple has $80,000 in bad debt, a figure he was previously unaware of, as he trusted his wife to manage their finances. Asmongold emphasizes the husband's mistake in not being more involved in their financial matters. The couple's monthly spending is revealed to be around $11,229, exceeding their income.
Identifying the Problem and Seeking Change
The husband admits he was unaware of the severity of their financial issues until recently and has started to take control. He expresses concern for their future as a couple and their child. Asmongold notes that the husband is stepping up, but the wife's spending habits remain a significant problem.
Generational Differences in Financial Attitudes
The husband explains that his desire to provide for his son stems from his own childhood experiences of going without. Asmongold contrasts this with the wife's irresponsible spending and shares a story about his mother, who also had poor financial habits but "didn't give a [ __ ]" about the consequences. He differentiates between genuine indifference and a lack of awareness or concern.
Indulgence vs. Genuine Disregard
Asmongold discusses whether it was a good or bad thing that his mother lived the way she wanted, regardless of the financial consequences. He argues that while living authentically is important, it becomes problematic when it negatively affects others. He emphasizes that his mother was not misguided but simply didn't care about societal norms or financial responsibility.
Childhood Deprivation and Overcompensation
The wife explains that she spends money on certain items because she feels like she missed out on them during her childhood. Asmongold dismisses this as an excuse and urges her to move on. The couple reveals they have been Disney passholders for eight years, which Asmongold finds absurd given their financial situation.
Disney Addiction and Relationship Dynamics
Asmongold speculates on the couple's history, suggesting they may have met in high school and that the wife was a "cute goth girl" who is now spending all of her husband's money. He notes that the husband is "about to [ __ ] walk" while the wife prioritizes Disney.
Obesity and Societal Decline
Asmongold reflects on the average male life expectancy in the US, noting its decline. He attributes this to obesity and a lack of physical activity. He suggests implementing mandatory physical fitness standards in high schools, such as requiring students to do 20 pull-ups to graduate. He believes this would combat the growing "hog problem" in society.
