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.
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."
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 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! 😅🧡
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☺.
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.
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.
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.
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.
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:(
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 RU-vid videos on the same topics.
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.
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.
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.
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.
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. 💙
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
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
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 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 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.
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
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!!
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'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'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.
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!
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.
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.
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 💜
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 RU-vid 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.
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 💵💰💼👩🏽💼💖
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!!!!
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
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’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.
Love the tips, thank you Chelsea! It is good to buy more than one of some things that you really love and fit you. I bought sneakers like that (3 pairs) and they are comfortable and reliable.
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...
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.
#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.
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
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...
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.
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!
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.
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 downloaded a pedometer while watching this. For my gym membership, I opted for a 10 pass class card. If you go 2 or more times a week, every week, a full membership is better but as I can only get there once a week (and sometimes not at all), I buy the 10 pass which gives me 1 free session out of 10, and a year to use it. Makes me go because I've prepaid it.
