YOLO Spending, Bad Money Advice, & Wealth Porn: Chelsea Reacts To TikToks 

“We just need to learn balance between YOLOing our way into bankruptcy and penny pinching our way into misery.” Well said! I am going to use this!

The balance is the key part for me - also it's easy for Chelsea and other physically healthy people to say "well, I can go hiking in Switzerland in my 30s and 40s" without considering that the number of people who develop illnesses that stop that in those ages isn't actually that small. In my 20s, I definitely thought I could still do those amazing hiking holidays I saw when I was in my 30s, and then I developed health issues. I could still hike in Switzerland for a day hike, but I'm never going to be able to do those really long and involved ones that I might have really enjoyed in my 20s. My illness isn't even that bad, it's just something that really hinders some of the activities I could have done in my 20s. I had plenty of fun in my 20s, and probably spent money on things I shouldn't have, but if I went back in time, there are some experiences I would make sure I did when I was young that I skipped at the time because I thought I could do them later.

*cries in being disabled at 20-something*

Travel is a luxury. Don’t ever go into debt for it which I see many of my fellow millennials doing

I call the balance between Yoloing and pennypinching.The Great Split like being torn in half.

Lol As an American, let me say the a very American thing. Since you are already on that hill, why not make money of these influencers "who only live once" since you are already there.

I was going to post that exact comment ^^

@@CaraMarie13 I'd need a new account everyday for it to be credible ;)

That must be amazing, Switzerland is such a beautiful country. I'd love to visit

Those views tho!

Reminds me of a quote from one of my favorite movies, Singles. "I'm 23. Remember how old 23 sounded when you were little? By now I thought we'd be traveling in airlocks and I'd have five kids. Well, here I am... 23...Things are basically the same. I think time's running out to do something bizarre. Around 25 'bizarre' becomes 'immature.'"

Tbh thats also a mentality thats being pushed onto us. And Theres merit to some of it. And example would be travel/Work visas and volunteering abroad. Volunteering abroad is expensive and will eat a hole in your finances. I looked into it when i was 19 or 20, because i dreamed of going to Costa rica for a year and Work with conservationists there. I couldnt afford it. The Work travel Visas also have Cut Off Dates. for canada its only 18-30 year olds. If your dreams involve sth Like that, then your mentality has to be "do it now or never". If you want a Family but also want to do sth financially intensive, you should also do it while you still have the money AND the flexibility to do it. Otherwise the next opportunity is likely 20 years down the line. This one is actually a situation that kept getting pushed on me. My own Family told me over and over again how many Things i wont be able to do once i have a Family. That i was selfish for wanting to do certain Things and couldnt only do them because i was single and Young. They predicted that once i found a Partner, i would learn what real Life is because my "Partner wouldnt be Up for that" (that was mostly travel related but... OK?). Jokes on them, i have No interest in a Family. And my Partner Blatt enables my stupid ideas, so i guess i dont have to get them all Out now. I have time. But If society treats youth as aThing with an expiration Date, that you need to cram all your Life into a decade or so before it's too late... Well thats how yong people will treat it.

I agree! I’m 38 and I’ve been pressured into that “before you’re 40” bullshit. When I turn 40 I’m going to enjoy my life the same way I am today. You don’t stop living because you got a year older

Lol, thank you!!!! My thirties have been my favorite so far! You couldn't pay me to go back to the twenties. And I'm much more capable now in every way. You know what I wish I did actually do in my twenties?? Have kids. There's a reason you can stay up easily all night at that age. Now my kids have lost their grandparents and will have to grow up without them. Anyway, looking forward to my forties!

@@ariwl1 this is basically the mindset that's imposed on me. I'm 24 and I'm not *that* mature yet. I'm still young. I wish I felt free to act like a teenager again, to get drunk and be stupid, to do a spontaneous trip or wear ugly clothes or get a silly haircut. Instead, I feel like I'm just really obligated to be this perfectly mature adult, always ready to be 'on' for work and responsibilities and always looking and acting presentable, especially since I live in a smaller town. At 24 I feel like I'm 44 and I genuinely feel sometimes like life is just not worth it anymore because I'm absolutely empty, purposeless and miserable. I wish I was still young. I wish I felt young. Not to mention the pressures women get, to never age past 25...

😂😂😂

EXACTLY

If everyone took their advice and got to live their best influencer life, they wouldn't be in the position they're in. They need to be alluring enough to watch, yet remain unattainable or at least not spell out exactly how to BECOME them

As a low wage earning mom, I respectfully disagree. It isn't the experiences I had in my twenties that I'm grateful for, it's my family. And I regret putting off having my family. But I can't speak for everyone. :)

100 %. I did my traveling when I was younger because I knew it would be harder once I settled down and had kids

​@@mrose3299 same here, if I had to recommend what to "take advantage of" in your 20's it would be your time. Further your education if you can or self-study things you're interested in, and help other people because once you have kids it will be hard to do anything but take care of your own family.

It still doesn't make sense to blow all your money in your twenties then because then you won't have it to pay for a wedding or help support a family later in life.

😂😂

Hahaha true power

How does it feel to be one of the gods on Mt. Olympus?

Public transportation. It's the smartest way to get from a to b. We need massive investments in public transportation. It's better for the environment and people's mental health and it's more safe. It's selfish and thoughtless to own a car when you don't need it. A total waiste of ressources. And you can only flex at people who are as consumption fixated as you.

+

@@CordeliaWagner I appreciate the need for better public transportation, but that won't end the car enthusiast. It actually gives us more space to use our cars for fun. Or use the car as a status symbol (which is very much like jewelry or fashion clothing)

@@CordeliaWagner in some places there isn't trust worthy access to public transport so you have to drive everywhere. I'm also legally blind etc. so don't enjoy public transport because of bad experiences I've had before

And those luxury cars often require luxury parts and labor when they have issues so you're not just committing to the car, you are committing to the more-expensive ongoing maintenance of a luxury car. German cars in particular are difficult to work on, so, your friend the Car Guy is not going to be of much assistance when your Porsche needs work done.

Traveling extensively in my 20's is one thing I will vouch for. After I graduated college I backpacked through South America for eight straight months. In that time I think I spent maybe $6-$7K. Absolutely worth it and I wouldn't trade that experience for anything. It's also something I would never do again because my personal priorities and preferences have changed. Traveling that much and living that long without a true homebase is exhausting. These days my max traveling time caps out at around 2-3 weeks before I want to be home again. So yes, if you love traveling do a bunch of it early on if you have the capability and it's generally simpler logistically. Because it's not that you'll never be able to travel again later in life, but more that things you want out of life will change as you grow and move through it.

That's why I won't become a mother. Life is so much easier and overall better without children. They are so expensive and prevent you from doing the things you love.

@@CordeliaWagner you’re not wrong! Only have kids if you want to be a parent!

Exactly!!!!

In my early-to-mid twenties I travelled a bunch around the US and camped in my car. Super low-budget, super great memories. I'm glad I did that when I was that young (because my body is no longer kind to me if I sleep curled up on a car seat 😅) but I'm also glad I was able to do it so inexpensively. Don't think I would have enjoyed it a jot more if I'd been staying in fancy hotels and doing all the expensive "touristy" activities.

That seems like an exceptional case. But I’m happy that she got to enjoy her life ❤️

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Love your nickname! My granny (grandma) used to call me "ma mignonnette" when I was little 😍 I hadn't heard/read that word in along time, this is so cute ! Thank you for the memories !

@@user-ti8bw1ri5h aww that's so sweet 🥰☺ thank u for sharing! 😊

As an individual 50-60 might sound nice now but for many people that is the age when your parents will probably die and/or start becoming very unhealthy so that definitely puts a damper on that age bracket to say the least! Although I do agree that for personal growth your 50s must be a great time and people can still enjoy decent health at that age.

Many people are exercising, traveling and living a great life even in their 70’s. I’m in my 60’s and say it’s the Kindergarten of being an old. 😂

My grandparents married in their early twenties, worked, had kids, saved money, invested in real estate, retired, once the kids were out of the nest they traveled the world, while in their 60s. And when their kids were little, they would take them to trips to the US or around Mexico, so it's not like they didn't travel. They've been to more countries than anyone I know, and their trips lasted a month or more. There are different ways to do things, you don't have to eat the world in one big bite while on your twenties to enjoy it 😊

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Like i hope you enjoy the experience and only time will tell if you are going to regret it. And even if you do regret it, hopefully you can turn it into a learning experience.

I'm probably not coming at it from the same angle as the people on tiktok though because I've been watching TFD and been interested in personal finance since I was a teenager, so I'm in a pretty good place where I could pay for the whole experience in cash and it not really affect my finances all that much. Definitely not advocating doing it irresponsibly, just saying I understand where they're coming from

Every TFD video with Chelsea in it has me seriously considering cutting off my waist length hair and changing my entire wardrobe. The lady is goals.

Dm, let's talk 👆

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If you see an intern at a therapy group office, you could actually pay $45 for therapy! Of course it’s with a clinical graduate student rather than an experienced therapist, but it’s a way to access therapy on limited funds

I don't know if she's in France now, but at some point she did live here and that's how much therapy costs (and can be covered by our social security, and if you have insurance for psychiatry it can be free)

I'm 43 and I promise you life is going to get better and better! Your 20s are hard in ways that later years aren't and you're better equipped to handle the challenges that do come. Happy Birthday! 🎉🎂

Year by year you'll give less and less of a rats arse what anyone else thinks, so liberating (I'm 47). Happy birthday.

Happy birthday Ana, I wish you all the best

I just turned 30 too. Happy birthday! It honestly doesn't feel like anything once you cross the 30 threshold.

Happy birthday! My 30s were the absolute best!!! I didn't get married or have kids (which seems to make 30s stressful for some) but I had a good income and was energetic and at my peak cuteness 😉. I had started two mutual funds in my 20s - one for retirement and one for the future - and when I was in my 30s the second one had grown enough that I could put a down payment on my first house 🏠. Now that account is for my future face lift 😁

Dm, let's talk 👆

Lol I bought a used Camry last fall and still spent almost $30k on it. Should have got a Mazda 😂

@@swimvain lmao, trust me, the 30k spent to purchase the vehicle (depending on age) was money well spent. I'm in an enthusiast car, and it's an older luxury German sports car so my maintenance costs are VERY high, and frequent 😅😅😭

@@A_Dog_Formerly_Known_As_Cat it’s a 2018 xse had 60k mileage bought in AZ a year ago this month. I had no choice :( Used car market was a mess. I love the car though. Yeah, no I’m too poor for all that. Looking to refinance it next month.

@@swimvain honestly compared to others buying cars in 21, you made out very well! I've heard of some cars LTV being 110% plus. When it comes to your vehicle purchase, you got a very reliable and affordable car to maintain. You did better than the vast majority of people. Especially those PPP ballers.

@@A_Dog_Formerly_Known_As_Cat That actually makes me feel a lot better!! Thank you.

Dm, let's talk 👆