Shoutout to younger me who deadass wore the exact same outfit for over a year because I was extremely uncomfortable with myself. I was really living that cartoon wardrobe lifestyle
🧐 1. Investing vs paying down debt 💶 2. Starting exercise 💪🏼 3. Deciding what subscriptions are worth it 📺 4. Creating an adult wardrobe 👔 5. Choosing a credit card 💳 6. Planning our your weekly diet 🍳 7. Staying in or leaving your job 🚶🏼♀️
Cant for the life of me understand why people are so rude and mean though. There is something like constructive critisism, and then theres just being... petty.
This channel is amazing, luckily I saved for an emergency fund 2 years ago or I’d have no way to pay the property tax on my mom’s house I wasn’t expecting to pay or pay out of pocket for a class I need to graduate on time. I got hit with a double whammy and I didn’t have to sacrifice the awesome internship I landed this summer because of this channel. Thank you TFD!
I think one of my favorite things about Chelsea is that she is such an eloquent speaker but then can also just casually throw in words like "noodle-y."
I wholly agree with the meal planning and I'll go one further: I'll make whole meals and portion them in individual containers, but then also make kits, like a pound of precooked steak or chicken, a basic side dish like several helpings' worth of mashed potatoes, etc., which I can dress up in different ways each meal (steak with garlic parmesan potatoes, or potato nests with Hunter's stew, etc.) so that I have the best of both worlds: prepped food with room for creativity.
Hey! Do you cook the parts of the "kit" unseasoned and then season them when you reheat them? I know this is an old comment but I hope you can help me! 😅🧡
There were good points here, though like others, I was distracted by the sponsor. I trust Chelsea and the TFD team, but it led me to wonder-- how can you actually make a wise financial decision with phone, internet, and/or TV providers? Most of them have complicated contracts, or if we call for help, we're presented with information that was never brought up with the salesman or installer. It would be incredibly helpful of the TFD did an episode explaining terms, options, statistics, and what questions to ask when choosing a provider for these services.
Jesse part of me is like, it’s a good financial decision for them because they need money to keep making videos. But another part of me saw the advertisement for tv, internet, and phone as a “savings” package and I kind of want to facepalm, not gonna lie.
Not a fan of FIOS. Large, overpriced arrogant company that has monopolies in certain areas and forces you into a contract that even when you move well out of their area where their service is not offered, charges an early disconnect fee. Moved again to an area of only FIOS and waited 13 hours, 6 phone calls and the guy never showed to my house, even though each representative said he was coming. I know you need sponsors but FIOS doesn't really need another platform to shove its false "deal" down our throats. Just saying
When I first started using a credit card a year ago, I looked for ones that had a long period of zero interest (American Express, Capital One, and Wells Fargo all have this) so that I could pay off my medical debt without having to set up a terrible payment plan with the billing department and continue paying interest. Two birds, one stone. Getting rid of debt while avoiding interest payments and building my credit.
Totally agree with you on the walking! After an accident I was impaired for quite a while. I started slowly with walking (way below 10.000 steps). But you get used to it, increase it slowly and now I'm trying hikes and started yoga☺.
Leaving your job is only that easy if you want to stay in the same field. If you found out that it's just not for you after a few years it's so difficult to check for other options, thinking about getting into uni again etc.
Disagree - at least with the caveat of "it depends on which field". You can switch fields if you know how to market your transferable skills well, and promote the soft skills you've developed along the way. But also. sometimes you have to change cities when you change fields to increase your chances.
Thanks TFD! Talking about deciding which subscriptions are worthwhile helped me to FINALLY cancel my Skillshare subscription. I know that TFD videos are often sponsored by Skillshare, but I never use it, and all it's been is a drain on my credit card. It's one of those things where I feel I "should" have it, sort of like a gym membership. But I just have not used it enough to justify the cost. Thanks again for the kick in the butt. :)
Yeah Skill Share is one of those things that seems like a great idea but it’s only great if you actually use it and there are so many free RUclips videos on the same topics.
You have to factor in risk when you do the whole paying off debt versus investing. Being in debt but investing is way more risky than getting out of debt and then investing. Not to mention saving up for an emergency fund is very important
Particularly since many credit cards are 15-20%, and it'll be nearly impossible to get that type of return via investing. Paying those off gives an immediate 15-20% return. Plus having no debt gives peace of mind.
Also doing more household chores and activities burns calories. However, jogging in place for 15 minutes a day is a great jump start in burning a good chunk of calories on top of walking 10,000 steps. If you're not comfortable with jogging for 15 minutes then start small and work your way up.
So impressed by Chelsea in the last episode but seriously pairing with the sponsor like Verizon FiOS?! Come on TFD. You’re taking advantage of your newer subscribers by recommending internet phone tv bundles where in previous episodes you warned against TV bundles.
Alexandra Marks totally thought about that!! What a waste of money to pay for those ridiculous bundles!! I get internet only with a cheaper provider!! Cable and home phone are a waste of money. Quite disappointing to See a financial channel motivate its subscribers to waste money on crap:(
I’d love a series about your journey with TFD and starting a business and what it’s really like your first year, because it’s never as easy as people pitch. You’re so amazing and I’d love to learn from your journey.
You're in the right place. I somehow convinced myself everyone would hate me if I invited one friend to a concert. I took the leap and tried it, and it turns out nobody cared at all, except that one friend who was really happy. Turns out that sometimes you just gotta rip off the bandaid, and it turns out ok.
Yes, this has been me for my entire life. I just don't think it's possible for people to understand the severe discomfort of crippling anxiety unless they've experienced it.
I can't totally understand. Maybe if you thought about things that have you starting to get anxious about in this way, it might help. Ask yourself: "Will this matter in 5 hours? 5 Days? 5 Months? 5 Years? " Most of the time the answer is No. So go with your gut feeling and let the rest go. I wish people didn't have this type of anxiety, but it happens. Best wishes.
What would be really useful is guidance on job hunting for those with little or no free time for job hunting (i.e., single parent with multiple kids or someone who routinely works 70 hours a week). Efficient job hunting is such a critical skill.
The way the ad was shoehorned in with the other advice, without a clear indication that it was an ad, was awful. Too many people are easily manipulated and this is taking advantage of them.
I think the paying down debt vs. investing is glossing over a huge factor; risk. Paying off debt early is risk-free (barring a massive societal upset where all debt gets forgiven/abandoned). Sure, historically, investing in the stock market yields better returns than paying off your mortgage early, but I can be certain paying off my mortgage will save money while I can't be certain the stock market will grow indefinitely. This isn't to say paying off debt is always better (it isn't), but paying off debt early is a better deal than a simplistic calculator based on average historical returns would suggest.
I think it’s definitely a matter of playing it safe vs reaping potential higher yields. This advice from financial gurus I’ve always internally debated because while paying debt off first seems to be logical, it does make sense that investing that money in the long run could provide more cash in the bank
To my fellow Canadians: Here, if you want to get a prepaid credit card, as mentioned in 13:40, you can, however the bank does not count it as credit to you and it does not count towards your credit score. You can still get rehab credit cards, here they are called secured credit cards, but the prepaid cards are treated more like a visa debit. It works to buy stuff online, but only on some sites, and it won't help you fix your score.
Love the tip about working out! I feel like I’m always trying to find new ways to like it. Simplifying it is what I’m working on now, and I feel more accomplished because of being consistent. Love these types of videos!!
Do find a gym that’s more accepting. I look like I just discovered legs and directions in my Zumba class but everyone is supportive. Sometimes you just gotta get in there and congratulate yourself for showing up and ignore everyone else. 💙
My fav meal planning hack: wraps! I batch cook sweet potato etc, chop up veggies and maybe cook some chicken. With a variety of ingredients, I'm able to make loads of different variations and especially if I have a couple of different condiments (aioli, mango & chilli sauce etc). And if I don't fancy a wrap I can simply have a salad. Healthy, eco friendly (esp. if youre able to get package free veggies) and cheap
My mom gave me good advice about getting a credit card, that I should ideally use it as a debit card, so only if I have the money to pay it back right there and then. I'm only on my 1st credit card (the student credit card from my bank) but I follow this advice and it helps me feel less scared of having a credit card.
This is what I do too. As long as you can control your spending, it's perfect because you also build credit. I also know a couple people who tried and ended up overspending, so it's the sort of thing that's good to know about yourself. Good job!
I like the point that Chelsea made regarding wardrobe. I Marie Kondo'd the shit out of my wardrobe last year and even though it felt great at the time, I find myself slowly needing to introduce new items to make me happy. It sounds shitty and like a total first world problem, but I also lost weight from intermittent fasting and regular Pilates and it just kind of feels good to replace some things in my wardrobe now that I can wear a little bit smaller of a size. I always enjoy these videos, mostly because I feel like I'm already doing a lot of the things that are suggested, but it also makes me feel like I have at least some of my shit together. 😂
Find yourself some cute stuff. Way to go!! Positive vibes from New Hampshire and remember to be kind to each other and yourself during this pandemic and social crisis
Yes I also over-Kondo’d my clothes a few times and needed to replace some of the things I threw out. It is a wonderful system that is really helpful but you also have to be practical about your life. Sometimes there are basic pieces you kind of need to keep that don’t necessarily bring you much joy.
I have to wear a uniform to work everyday and I honestly hate it. I know they talk about decision fatigue but I genuinely enjoyed picking out an outfit everyday and I miss it. It’s the last time I will ever work in a job with a uniform.
I'd like to see more videos focused on one topic and not as many listicles. Glad you're getting sponsors but... Verizon Fios itself isnt the best financial decision, and in of themselves very overcomplicated. They've been sued for deceptive marketing, horrible billing, and hidden fees. The latest (from this year) is where the Pennsylvania attorney general had to sue them to get them to give consumers the goods promised in marketing deal made to get people to sign up. Perhaps, align yourself with sponsors that carry the spirit and message of the channel better instead of ones that directly contradict it.
I get what your saying with fitness, I get the mental thing behind it. PE class in JR/SR high RUINED fitness in general for me because I was the non athletic kid who was always picked last for every team/teams would fight over me (because both teams didn't want me on their team)
Honestly, that same experience in school is what got me into individual sports. Team sports still feel a bit traumatic, even a decade later, but I love solitary sports like roller skating, swimming, etc. I can do them in the company of others if I care to, but I can do them just as well on my own.
I'm coming up to 2 years on my job and unless I get promoted to a different position in the next 3 months I'm already looking for the doors. Everyones nice but boring af and don't really make an effort to get to know you unless you're higher up on the ladder.
OMG Chelsea I feel you. I meal plan and I get those questions all the time! I totally support the mea prep community. I discovered it with Mind over Munch and it changed my life.
I hate to say it because I really love TFD and their videos have truly helped me a ton, buuuuut their videos lately feel like they've been on repeat. I don't feel like I'm learning anything new.
I disagree with the clothes one. I love the experience of looking for unique and interesting pieces. Also, having multiples of the same item stresses me out because it feels like clutter to me. Maybe for some people it's easier and less tiring to just have multiples, but for me having multiples just doesn't make sense.
It makes theoretical sense to invest if you can earn more than you have to pay on your debt. However, this is really only true if you invest in extremely low-risk investments where your return is pretty much guaranteed. Investing in something like mutual funds on average might give you 8% per year, so it is tempting to say you should invest instead of paying down your 6% student loan. But you will have to pay the 6% interest no matter what, while the mutual funds could have a bad year and only return 4%, which is more realistic as a compounded interest rate. So, you don't have to pay off all debt, but most of the time you get a better return (in saved interest payments) by paying off debt faster unless you are looking at a very low-interest debt such as a mortgage.
Chelsea, I appreciate your transparency on your financial journey. I am not a millennial, I am on the cusp of Gen X and Baby Boomer, I love your RUclips and Instagram material and recently listened to a podcast. I appreciate you saying how you repaired your credit. Can I ask if someone helped you with this or did you wake up one day and decide to do it? I wish I had your channel a long time ago as it would have been so beneficial to me on saving, organizing and all of the other things you cover here. Thanks for all you do.
People always overcomplicate the gym. Honestly. I cannot keep myself accountable without a coach & that’s awesome. I work my butt off at my boxing gym & have a great time doing so, to the point of being the example within the class.
Re jeans making women hate themselves: after the birth of my second son, the "muffin top" in the mirror when I wore my old jeans depressed me, so I just "cancelled" jeans. I don't wear or even own pants anymore. I love dresses, because you put them on and... you're done! Plus, people mistake you for dressed up all the time. I realize this wouldn't work for everyone, but my post-partum, already pear-shaped body was not meant for jeans, and I'm much happier now. Just a thought!
Cooking in batches is good because its easy but its also horrible for nutritional value of the food and for the taste and quality of it... you should only meal prep for 2 to 3 days max and thats it
I feel like with the job thing mine is kind of complicated... I got let go from a job after the probationary period bc they said I was moving fast enough for what they expected of me (no warning either by the way) and I also didn’t enjoy the work. I then found the job I’m at now and am excelling in everything they asked for plus more, but I haven’t been here very long and I’m being told they may not keep the department open too much longer due to them not being able to get enough work. It’s hard because I wanted to stay here for at least a year, but now I feel forced to look for other work and idk what to tell other employers when they look at my short time at both jobs 🙃 I also am having a hard time figuring out what I want to do as a career. I don’t want to jump from place to place just to make money and then find myself in the same place. Being a millennial is hard sometimes but I believe things will work out in the end 🙏🏾
lydia thank you so much for your advice! You’re completely right about changing it into a more positive spin on the situation! Thanks for your encouragement and well wishes 💜
How can you be competitive in the workforce if you work in non-profits where salary increases are rare if not impossible (save for the expensive CEO who's salary is triple or quadruple the next employee down) and benefits poor? Or maybe the answer to leave the non-profit field...
It's a good thing that in my industry, people move from company to company a lot. Most people stay in one place for 1-5 years at most, at least until they find a company that they really love and want to stick with. I just found a place where I made a major move up for me, but I don't see myself staying here for more than 3 years (mostly as a resume builder). Overall, I would say I like this place, but there are certain things I can't stand for long term here. It's really great advice for advancing more quickly to actually leave a company.
I’m feel a bit like the odd one out when it comes to excercise. I actually enjoy doing it when I do it be it longer walks, Zumba or using the machines at a gym or once upon a time also group ones for yoga and ”core”. But, I find excuses far too easily. Even more so now than my current job includes being called in to work and often need me within a half an hour. So I’ve been think I oughta to think about getting out for 5-15 minutes instead of those beloved longer ones that go on for a least an hour. To get into the habit. As going for walks in the city in the evening ain’t gonna happen. I even own a Wii fit and Zumba dvds so in Theory I could easily work out at home too.
When Chelsea uses her own language/terminology and says “ super Noodley” @5:05 EYE 😂😂😂 I’m so proud of being a loyal subscriber for The Financial Diet 💵💰💼👩🏽💼💖
Walking 10,000 steps a day is only that easy if you live somewhere very walkable like new york. I regularly hit 5k by they end of the day because I drive and sit at work. It is not super easy and convenient to then go out at night to just meander about my neighborhood by myself until I double my step count. Working out for 15 mins from my living room is much preferred.
I support Tfd regardless of sponsor, we are all adults here, we can all choose to ignore the ad like we do everywhere else. They need support to make it work in social media. Let them earn and take the companies money while choosing not to give that company money
Chelsea, what are your thoughts and opinions on consolidating debt informally? Especially where it'd affect your credit less? Getting a cc or 2 with a 0% and transferring balances? Getting a loan? I'm not sure what the best strategic move to pay these off at this point would be. I haven't yet had to do this, but hoping to not make this a habit either.
I tried to go w/o iTunes for a couple months to see how worth it is to me. I ended up resubscribing to it. I ask myself how much will use this - will it positively benefit me and my life some way? If I don’t get the benefit, I unsubscribe or donate/giveaway/sell the item.
Ps fit people dont judge you for going to the gym, the embarrasment you feel is YOUR internal feeling!! When you got to the gym you should be focussing on yourself! If you're staring at fit people and they look at you weird its because your being rude and staring. The fitness journy is full of challenge, failure, success, disappointment and gain!!!!
Debt = risk. Would you take out a personal loan, car loan, or mortgage to invest that money? It is not simply a matter of comparing returns on investments to the interest rate on debt. Return on investments fluctuates up and down. Interest rate on debt is fixed. Debt can get anyone into serious trouble. Respect debt or it will own you!
What scares me most about credit cards are hidden fees. How can we avoid those, and what should we look out for when trying to get a credit card and pay nothing in fees per month? Is it the APR?
Have never had TV and never plan to. Netflix is super cheap and is enough for me. I tried Now TV with a free trial and decided it wasn't for me. There's nothing wrong with free trials if you know you are going to stop it before you have to pay, and do help make subscription decisions.
#thefinanacialdiet Thank You Lauren for wonderful videos from India . Helps Me a lot to manage finance as a student. BDW I have completed 6 months emergency fund target by cutting my unnecessary expenses. Nice Dance Move 19:53-19:55 . Reminds me of cardio session.
it's so weird to me (im portuguese) that all american finance videos start with debt (usually student) and mention credit a few times EVERYTIME. im 26 and i dont know anyone my age that has debt. one of my friends took out a home loan, but that's a little different, and it's normal. I know a total of one person my age who has a credit card...
Chelsea shares the life decisions she's glad she didn't make here: ruclips.net/video/kJxhouBAxdU/видео.html.
Shoutout to younger me who deadass wore the exact same outfit for over a year because I was extremely uncomfortable with myself. I was really living that cartoon wardrobe lifestyle
I think that's badass.
🧐
1. Investing vs paying down debt 💶
2. Starting exercise 💪🏼
3. Deciding what subscriptions are worth it 📺
4. Creating an adult wardrobe 👔
5. Choosing a credit card 💳
6. Planning our your weekly diet 🍳
7. Staying in or leaving your job 🚶🏼♀️
Thank you
Thank you. I love these videos, but i just cant focus long enough to get it all in. These lists helps alot!
Cant for the life of me understand why people are so rude and mean though. There is something like constructive critisism, and then theres just being... petty.
Bump
People like you make life easier. Thank you
This channel is amazing, luckily I saved for an emergency fund 2 years ago or I’d have no way to pay the property tax on my mom’s house I wasn’t expecting to pay or pay out of pocket for a class I need to graduate on time. I got hit with a double whammy and I didn’t have to sacrifice the awesome internship I landed this summer because of this channel. Thank you TFD!
I think one of my favorite things about Chelsea is that she is such an eloquent speaker but then can also just casually throw in words like "noodle-y."
I wholly agree with the meal planning and I'll go one further: I'll make whole meals and portion them in individual containers, but then also make kits, like a pound of precooked steak or chicken, a basic side dish like several helpings' worth of mashed potatoes, etc., which I can dress up in different ways each meal (steak with garlic parmesan potatoes, or potato nests with Hunter's stew, etc.) so that I have the best of both worlds: prepped food with room for creativity.
Hey! Do you cook the parts of the "kit" unseasoned and then season them when you reheat them? I know this is an old comment but I hope you can help me! 😅🧡
@@lv9265 maybe have a lot of variety of sauces in store. That way you can have endless pairing options
There were good points here, though like others, I was distracted by the sponsor. I trust Chelsea and the TFD team, but it led me to wonder-- how can you actually make a wise financial decision with phone, internet, and/or TV providers? Most of them have complicated contracts, or if we call for help, we're presented with information that was never brought up with the salesman or installer. It would be incredibly helpful of the TFD did an episode explaining terms, options, statistics, and what questions to ask when choosing a provider for these services.
Underrated comment; and I wish they saw it, instead of repeating themselves in almost every video.
more career videos please! i like the old ones about starting out in your job, learning professional mores, finding and getting a job etc
nana I’d love to see some about running your own company as a career too.
Verizon FiOS: not the best financial decision
Jesse part of me is like, it’s a good financial decision for them because they need money to keep making videos. But another part of me saw the advertisement for tv, internet, and phone as a “savings” package and I kind of want to facepalm, not gonna lie.
@@laurenconrad1799 savings and Verizon do not need to be in the same sentence😆
Not a fan of FIOS. Large, overpriced arrogant company that has monopolies in certain areas and forces you into a contract that even when you move well out of their area where their service is not offered, charges an early disconnect fee. Moved again to an area of only FIOS and waited 13 hours, 6 phone calls and the guy never showed to my house, even though each representative said he was coming. I know you need sponsors but FIOS doesn't really need another platform to shove its false "deal" down our throats. Just saying
Cut the cord
How much will that package cost after the introductory rate expires?
When I first started using a credit card a year ago, I looked for ones that had a long period of zero interest (American Express, Capital One, and Wells Fargo all have this) so that I could pay off my medical debt without having to set up a terrible payment plan with the billing department and continue paying interest. Two birds, one stone. Getting rid of debt while avoiding interest payments and building my credit.
This one is gold, thanks ☺️
Totally agree with you on the walking! After an accident I was impaired for quite a while. I started slowly with walking (way below 10.000 steps). But you get used to it, increase it slowly and now I'm trying hikes and started yoga☺.
Leaving your job is only that easy if you want to stay in the same field. If you found out that it's just not for you after a few years it's so difficult to check for other options, thinking about getting into uni again etc.
Disagree - at least with the caveat of "it depends on which field". You can switch fields if you know how to market your transferable skills well, and promote the soft skills you've developed along the way. But also. sometimes you have to change cities when you change fields to increase your chances.
Thanks TFD! Talking about deciding which subscriptions are worthwhile helped me to FINALLY cancel my Skillshare subscription. I know that TFD videos are often sponsored by Skillshare, but I never use it, and all it's been is a drain on my credit card. It's one of those things where I feel I "should" have it, sort of like a gym membership. But I just have not used it enough to justify the cost. Thanks again for the kick in the butt. :)
Yeah Skill Share is one of those things that seems like a great idea but it’s only great if you actually use it and there are so many free RUclips videos on the same topics.
You have to factor in risk when you do the whole paying off debt versus investing. Being in debt but investing is way more risky than getting out of debt and then investing. Not to mention saving up for an emergency fund is very important
Particularly since many credit cards are 15-20%, and it'll be nearly impossible to get that type of return via investing. Paying those off gives an immediate 15-20% return. Plus having no debt gives peace of mind.
Also doing more household chores and activities burns calories. However, jogging in place for 15 minutes a day is a great jump start in burning a good chunk of calories on top of walking 10,000 steps. If you're not comfortable with jogging for 15 minutes then start small and work your way up.
Yes, I feel like exercise for the sake of exercise is wasted time. I could be working out and getting stuff done
So impressed by Chelsea in the last episode but seriously pairing with the sponsor like Verizon FiOS?! Come on TFD. You’re taking advantage of your newer subscribers by recommending internet phone tv bundles where in previous episodes you warned against TV bundles.
$$$
What’s Fios and why is bundling bad. Too lazy to google😬
It's the sponsor of the video
Alexandra Marks totally thought about that!! What a waste of money to pay for those ridiculous bundles!! I get internet only with a cheaper provider!! Cable and home phone are a waste of money. Quite disappointing to See a financial channel motivate its subscribers to waste money on crap:(
I guess she needed the money, and it's a good thing for her if she can get sponsers even when she talks shit about them 😊
I’d love a series about your journey with TFD and starting a business and what it’s really like your first year, because it’s never as easy as people pitch. You’re so amazing and I’d love to learn from your journey.
Yes please
I make every decision way too hard on myself because I have crippling anxiety! 🌈
You're in the right place. I somehow convinced myself everyone would hate me if I invited one friend to a concert. I took the leap and tried it, and it turns out nobody cared at all, except that one friend who was really happy. Turns out that sometimes you just gotta rip off the bandaid, and it turns out ok.
Same here.
@Steven Soco I haven't missed a video in years! 😊
Yes, this has been me for my entire life. I just don't think it's possible for people to understand the severe discomfort of crippling anxiety unless they've experienced it.
I can't totally understand. Maybe if you thought about things that have you starting to get anxious about in this way, it might help. Ask yourself: "Will this matter in 5 hours? 5 Days? 5 Months? 5 Years? " Most of the time the answer is No. So go with your gut feeling and let the rest go. I wish people didn't have this type of anxiety, but it happens. Best wishes.
What would be really useful is guidance on job hunting for those with little or no free time for job hunting (i.e., single parent with multiple kids or someone who routinely works 70 hours a week). Efficient job hunting is such a critical skill.
No FIOS please. Maybe find a less greedy, less arrogant company to sponsor you. They don't seem to pair well with your message.
The way the ad was shoehorned in with the other advice, without a clear indication that it was an ad, was awful. Too many people are easily manipulated and this is taking advantage of them.
I think the paying down debt vs. investing is glossing over a huge factor; risk. Paying off debt early is risk-free (barring a massive societal upset where all debt gets forgiven/abandoned). Sure, historically, investing in the stock market yields better returns than paying off your mortgage early, but I can be certain paying off my mortgage will save money while I can't be certain the stock market will grow indefinitely.
This isn't to say paying off debt is always better (it isn't), but paying off debt early is a better deal than a simplistic calculator based on average historical returns would suggest.
exactly what i was going to say!
I think it’s definitely a matter of playing it safe vs reaping potential higher yields. This advice from financial gurus I’ve always internally debated because while paying debt off first seems to be logical, it does make sense that investing that money in the long run could provide more cash in the bank
I always look forward to listening to your videos during lunch! Thank you for everything 💕
To my fellow Canadians: Here, if you want to get a prepaid credit card, as mentioned in 13:40, you can, however the bank does not count it as credit to you and it does not count towards your credit score. You can still get rehab credit cards, here they are called secured credit cards, but the prepaid cards are treated more like a visa debit. It works to buy stuff online, but only on some sites, and it won't help you fix your score.
Love the tip about working out! I feel like I’m always trying to find new ways to like it. Simplifying it is what I’m working on now, and I feel more accomplished because of being consistent. Love these types of videos!!
Do find a gym that’s more accepting. I look like I just discovered legs and directions in my Zumba class but everyone is supportive. Sometimes you just gotta get in there and congratulate yourself for showing up and ignore everyone else. 💙
My fav meal planning hack: wraps! I batch cook sweet potato etc, chop up veggies and maybe cook some chicken. With a variety of ingredients, I'm able to make loads of different variations and especially if I have a couple of different condiments (aioli, mango & chilli sauce etc). And if I don't fancy a wrap I can simply have a salad. Healthy, eco friendly (esp. if youre able to get package free veggies) and cheap
My mom gave me good advice about getting a credit card, that I should ideally use it as a debit card, so only if I have the money to pay it back right there and then. I'm only on my 1st credit card (the student credit card from my bank) but I follow this advice and it helps me feel less scared of having a credit card.
This is what I do too. As long as you can control your spending, it's perfect because you also build credit. I also know a couple people who tried and ended up overspending, so it's the sort of thing that's good to know about yourself. Good job!
I like the point that Chelsea made regarding wardrobe. I Marie Kondo'd the shit out of my wardrobe last year and even though it felt great at the time, I find myself slowly needing to introduce new items to make me happy. It sounds shitty and like a total first world problem, but I also lost weight from intermittent fasting and regular Pilates and it just kind of feels good to replace some things in my wardrobe now that I can wear a little bit smaller of a size. I always enjoy these videos, mostly because I feel like I'm already doing a lot of the things that are suggested, but it also makes me feel like I have at least some of my shit together. 😂
Find yourself some cute stuff. Way to go!! Positive vibes from New Hampshire and remember to be kind to each other and yourself during this pandemic and social crisis
Yes I also over-Kondo’d my clothes a few times and needed to replace some of the things I threw out. It is a wonderful system that is really helpful but you also have to be practical about your life. Sometimes there are basic pieces you kind of need to keep that don’t necessarily bring you much joy.
I have to wear a uniform to work everyday and I honestly hate it. I know they talk about decision fatigue but I genuinely enjoyed picking out an outfit everyday and I miss it. It’s the last time I will ever work in a job with a uniform.
I'd like to see more videos focused on one topic and not as many listicles.
Glad you're getting sponsors but... Verizon Fios itself isnt the best financial decision, and in of themselves very overcomplicated. They've been sued for deceptive marketing, horrible billing, and hidden fees. The latest (from this year) is where the Pennsylvania attorney general had to sue them to get them to give consumers the goods promised in marketing deal made to get people to sign up.
Perhaps, align yourself with sponsors that carry the spirit and message of the channel better instead of ones that directly contradict it.
I needed this today. I've been overthinking a few of the areas you covered. This was extremely helpful. Thank you!
I should stop over complicating simple decisions like spending 3$ on an item that I want
Ok, but do I want a three dollar coffee or three one dollar doughnuts?! lol jk, I know its three doughnuts for me haha :)
@@tokiobabe99 that too.
I get what your saying with fitness, I get the mental thing behind it. PE class in JR/SR high RUINED fitness in general for me because I was the non athletic kid who was always picked last for every team/teams would fight over me (because both teams didn't want me on their team)
Blue Jedi Same! Story of my school physical education career. Kids are cruel
Do it anyway
Honestly, that same experience in school is what got me into individual sports. Team sports still feel a bit traumatic, even a decade later, but I love solitary sports like roller skating, swimming, etc. I can do them in the company of others if I care to, but I can do them just as well on my own.
I was too shy, and these days I'm back in my old crappy side of town where it's not safe 🔥
I'm coming up to 2 years on my job and unless I get promoted to a different position in the next 3 months I'm already looking for the doors. Everyones nice but boring af and don't really make an effort to get to know you unless you're higher up on the ladder.
It took me ages to pick credit cards. I have just 4, but for each one I did lots of research, asked people on money forums etc. before deciding
OMG Chelsea I feel you. I meal plan and I get those questions all the time! I totally support the mea prep community. I discovered it with Mind over Munch and it changed my life.
Katherine Petersorf I love watching her.
I hate to say it because I really love TFD and their videos have truly helped me a ton, buuuuut their videos lately feel like they've been on repeat. I don't feel like I'm learning anything new.
The information is very
valuable, in this day and age, it's also nice just to see and hear someone familiar with an easy to listen voice.
I disagree with the clothes one. I love the experience of looking for unique and interesting pieces. Also, having multiples of the same item stresses me out because it feels like clutter to me. Maybe for some people it's easier and less tiring to just have multiples, but for me having multiples just doesn't make sense.
Your hair looks fleek in this episode 👌
Kayfit30 - Yes, I was thinking the same.
This was extremely helpful! I am guilty of overthinking ALL of these things
It makes theoretical sense to invest if you can earn more than you have to pay on your debt. However, this is really only true if you invest in extremely low-risk investments where your return is pretty much guaranteed. Investing in something like mutual funds on average might give you 8% per year, so it is tempting to say you should invest instead of paying down your 6% student loan. But you will have to pay the 6% interest no matter what, while the mutual funds could have a bad year and only return 4%, which is more realistic as a compounded interest rate. So, you don't have to pay off all debt, but most of the time you get a better return (in saved interest payments) by paying off debt faster unless you are looking at a very low-interest debt such as a mortgage.
Love your coment on excercise, treat your body better ❤️ Thank you 😘
Oh my God. How did I not find this channel before? Absolutely love it-thanks!
One thing that is definitely NOT overcomplicated is captions. Unless you’re hard of hearing.
Thanks what you said about exercise. I needed that!
Chelsea, I appreciate your transparency on your financial journey. I am not a millennial, I am on the cusp of Gen X and Baby Boomer, I love your RUclips and Instagram material and recently listened to a podcast. I appreciate you saying how you repaired your credit. Can I ask if someone helped you with this or did you wake up one day and decide to do it? I wish I had your channel a long time ago as it would have been so beneficial to me on saving, organizing and all of the other things you cover here. Thanks for all you do.
People always overcomplicate the gym. Honestly. I cannot keep myself accountable without a coach & that’s awesome. I work my butt off at my boxing gym & have a great time doing so, to the point of being the example within the class.
SOLID video. Chefs kiss* Everything that she said was spot on and straight to the point insightful.
Re jeans making women hate themselves: after the birth of my second son, the "muffin top" in the mirror when I wore my old jeans depressed me, so I just "cancelled" jeans. I don't wear or even own pants anymore. I love dresses, because you put them on and... you're done! Plus, people mistake you for dressed up all the time. I realize this wouldn't work for everyone, but my post-partum, already pear-shaped body was not meant for jeans, and I'm much happier now. Just a thought!
Cooking in batches is good because its easy but its also horrible for nutritional value of the food and for the taste and quality of it... you should only meal prep for 2 to 3 days max and thats it
Definitely needed this, thanks for this video 😂🙌🏼
I feel like with the job thing mine is kind of complicated... I got let go from a job after the probationary period bc they said I was moving fast enough for what they expected of me (no warning either by the way) and I also didn’t enjoy the work. I then found the job I’m at now and am excelling in everything they asked for plus more, but I haven’t been here very long and I’m being told they may not keep the department open too much longer due to them not being able to get enough work. It’s hard because I wanted to stay here for at least a year, but now I feel forced to look for other work and idk what to tell other employers when they look at my short time at both jobs 🙃 I also am having a hard time figuring out what I want to do as a career. I don’t want to jump from place to place just to make money and then find myself in the same place. Being a millennial is hard sometimes but I believe things will work out in the end 🙏🏾
lydia thank you so much for your advice! You’re completely right about changing it into a more positive spin on the situation! Thanks for your encouragement and well wishes 💜
Somewhere in the list of top ten phrases you don't expect to hear on a financial RUclips channel: "fucking duh..."
What classes do you take?
This girl is legit! Love her!!
listening to Chelsea is like detoxing from all the fake gurus and their horrible insta motivations
Is it investing if l pay off my condo before buying and living in a tiny house? Selling condo is not an option.
Please show us your meal plans
I'd appreciate a video from you about freezing and reheating food. You know for the noobs
Love the ideas of having more than one of pieces I love! Great ideas throughout this video.
How can you be competitive in the workforce if you work in non-profits where salary increases are rare if not impossible (save for the expensive CEO who's salary is triple or quadruple the next employee down) and benefits poor? Or maybe the answer to leave the non-profit field...
It's a good thing that in my industry, people move from company to company a lot. Most people stay in one place for 1-5 years at most, at least until they find a company that they really love and want to stick with. I just found a place where I made a major move up for me, but I don't see myself staying here for more than 3 years (mostly as a resume builder). Overall, I would say I like this place, but there are certain things I can't stand for long term here. It's really great advice for advancing more quickly to actually leave a company.
I’m feel a bit like the odd one out when it comes to excercise. I actually enjoy doing it when I do it be it longer walks, Zumba or using the machines at a gym or once upon a time also group ones for yoga and ”core”.
But, I find excuses far too easily. Even more so now than my current job includes being called in to work and often need me within a half an hour.
So I’ve been think I oughta to think about getting out for 5-15 minutes instead of those beloved longer ones that go on for a least an hour. To get into the habit. As going for walks in the city in the evening ain’t gonna happen.
I even own a Wii fit and Zumba dvds so in Theory I could easily work out at home too.
Fantastic video. Thanks so much!
“Fucking duh” killed me
Was there no more recent data than 2014 for the raise percentage and cost of living? That was 5 years ago...? Love your channel!
“Un mess upable” 🤣😂😅 I love Chelsea
This video came right on time for me, so real...thank you for this upload!❤
When Chelsea uses her own language/terminology and says “ super Noodley” @5:05
EYE 😂😂😂
I’m so proud of being a loyal subscriber for The Financial Diet 💵💰💼👩🏽💼💖
Thanks this was very enlightening!👏🇧🇷🇨🇭
425 TV channels plus Netflix to simply your life. Oh America
Walking 10,000 steps a day is only that easy if you live somewhere very walkable like new york. I regularly hit 5k by they end of the day because I drive and sit at work. It is not super easy and convenient to then go out at night to just meander about my neighborhood by myself until I double my step count. Working out for 15 mins from my living room is much preferred.
I support Tfd regardless of sponsor, we are all adults here, we can all choose to ignore the ad like we do everywhere else. They need support to make it work in social media. Let them earn and take the companies money while choosing not to give that company money
Chelsea, what are your thoughts and opinions on consolidating debt informally? Especially where it'd affect your credit less? Getting a cc or 2 with a 0% and transferring balances? Getting a loan? I'm not sure what the best strategic move to pay these off at this point would be. I haven't yet had to do this, but hoping to not make this a habit either.
The lighting looks great
I tried to go w/o iTunes for a couple months to see how worth it is to me. I ended up resubscribing to it. I ask myself how much will use this - will it positively benefit me and my life some way? If I don’t get the benefit, I unsubscribe or donate/giveaway/sell the item.
Ps fit people dont judge you for going to the gym, the embarrasment you feel is YOUR internal feeling!! When you got to the gym you should be focussing on yourself! If you're staring at fit people and they look at you weird its because your being rude and staring. The fitness journy is full of challenge, failure, success, disappointment and gain!!!!
I love watching your channel, I just have no time. What happened to you 5 to 10 minute videos?
Gotta get those 23+ minute videos with sponsors!!
That debt to invest calculator tho! 👏🏼👏🏼👏🏼
I really needed this video! SO useful!
I wish you were recording the talks in apps like podcast.....
Don't agree too much about buying more of the same thing.... if you get tired of one, you get tired of them all.... I'll never do that again.
I think the reason for doing that is that if it wears out then you have another to replace it.
Great content. Would love to have the last point in it's own video lol
"fu*cking duh!" Nearly killed me LMFAO!!! it's something I say all of the time!
Debt = risk. Would you take out a personal loan, car loan, or mortgage to invest that money? It is not simply a matter of comparing returns on investments to the interest rate on debt. Return on investments fluctuates up and down. Interest rate on debt is fixed. Debt can get anyone into serious trouble. Respect debt or it will own you!
Isn’t cable something you’ve suggested cutting the cord on before? Confused about the sponsor.
Does any else see Chelsea like the responsible big sister with the best life advice that you always wanted? At 31, I need this advice more than ever 😅
What scares me most about credit cards are hidden fees. How can we avoid those, and what should we look out for when trying to get a credit card and pay nothing in fees per month? Is it the APR?
I needed to hear the last one.
Have never had TV and never plan to. Netflix is super cheap and is enough for me. I tried Now TV with a free trial and decided it wasn't for me. There's nothing wrong with free trials if you know you are going to stop it before you have to pay, and do help make subscription decisions.
7. Loyalty has an expiration date
Finally there is english subs! Hey TFD, your fans from Indonesia
Right on about the e-excise!
#thefinanacialdiet Thank You Lauren for wonderful videos from India . Helps Me a lot to manage finance as a student. BDW I have completed 6 months emergency fund target by cutting my unnecessary expenses. Nice Dance Move 19:53-19:55 . Reminds me of cardio session.
it's so weird to me (im portuguese) that all american finance videos start with debt (usually student) and mention credit a few times EVERYTIME. im 26 and i dont know anyone my age that has debt. one of my friends took out a home loan, but that's a little different, and it's normal. I know a total of one person my age who has a credit card...
always amazing, thanks for the knowlwdge
This video is worth it just to hear Chelsea say “fucking duh!!!” at 15:22 😂😂😂
"Fucking duh, I freeze the food!" Lmao I love you Chelsea