I Want To Quit This Show | Financial Audit
Caleb Hammer
51 min, 51 sec
Dr. Raxo discusses his financial situation, career, and life choices with the host.
Summary
- Dr. Raxo, a 24-year-old from Austin, Texas, presents himself as a financial advisor with a focus on astrology.
- He shares his past success in crypto trading, turning $40,000 into $500,000, but eventually losing nearly all of it.
- Raxo discusses his reliance on stimulants for trading due to ADHD and the subsequent loss after stopping them.
- The host critiques Raxo's lack of a solid plan for financial recovery and his irresponsible approach to money management.
- Raxo promotes Rocket Money as a financial tool and expresses a desire to start producing content on YouTube.
Chapter 1
Dr. Raxo introduces himself and shares his background.
- Dr. Raxo introduces himself as a 24-year-old based in Austin, Texas.
- He claims to use astrology as a tool for financial auditing but does not hold a doctorate in science.
- Raxo mentions his main source of income was trading stocks and cryptocurrency.
Chapter 2
Raxo discusses his financial success and subsequent setback.
- Raxo explains how he made half a million dollars before turning 24 through trading.
- He used high leverage for trading and combined it with astrology to make predictions.
- After a point, Raxo lost a significant portion of his portfolio due to a market downturn and personal issues.
Chapter 3
Raxo elaborates on his trading strategies and the role of astrology.
- He reveals that he used to employ 17x leverage when confident about trades.
- Raxo asserts his belief in astrology, attributing major crypto events to astrological occurrences.
- The host challenges Raxo's reliance on astrology, pointing out the randomness of the universe.
Chapter 4
Raxo reflects on the personal impact of his trading losses.
- He talks about his ADHD and the role of stimulants in his trading routine.
- Raxo confesses that after losing a large sum, he suffered psychologically and lost his trading composure.
- The discussion touches on how the financial setback gave Raxo a form of PTSD.
Chapter 5
Raxo presents a sponsored segment promoting Rocket Money.
- Raxo endorses Rocket Money, a financial app designed to help manage finances by canceling subscriptions, negotiating bills, and crafting budgets.
- He encourages viewers to try Rocket Money for free and consider the premium features.
Chapter 6
Raxo reflects on greed and discusses his future plans.
- Raxo acknowledges the role of greed in his past financial decisions and reflects on the influence of figures like Grant Cardone.
- He expresses regret for not taking profits earlier and shares his aspirations to recover financially.
- Raxo mentions his interest in obtaining a passport from Montenegro due to the limitations of his Burmese passport.
Chapter 7
The host closes the conversation with Raxo and challenges him to demonstrate a pickup line.
- The host expresses frustration with Raxo's lack of actionable plans for improving his financial situation.
- Raxo shares his belief that he can still turn his circumstances around and become successful.
- Raxo fails to impress with a demonstration of how he would approach someone for a date.
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