It has a few good tips in it for example Chelsea says to save in 3 different accounts - one emergency fund you can easily access, one investment fund that can be liquidated if needed and then a long investment fund all of which I personally agree with but overall it talks down to the reader. So when I heard The Financial Dietthe finance website and YouTube channelwas being turned into an Instagram-worthy, informative book, I knew it had to be my first read.
In all, this book is less about personal finance for young women and more about how to become the sort of young woman I imagine Chelsea and her social circle generally are-- largely white, largely affluent, largely living in expensive cities, and taking pride in the fact that they have a "budget" but with no desire to actually take charge of their finances by say, learning the difference between Vanguard and Betterment as investing options.
And in some many cases it actually gives bad advice. But that practice defeats the purpose of building wealth, the personal-finance site The Financial Diet said in a tweet earlier this week.
I was given a free advanced reader's edition to review. She continued: At one point the book recommends finding a financial sherpa, perhaps not realizing that some people are turning to the book itself to get financial advice. Recent Views. And in some many cases it actually gives bad advice. If you take action based on one of the recommendations listed in the calculator, we get a small share of the revenue from our commerce partners.
Unfortunately, personal finance for women isn't as simple as pink covers and flowery aphorisms-- at least, not for intelligent women. A lone female author in the world of finance writing, her voice stands out. I was given a free advanced reader's edition to review. Each chapter then features interviews with other "experts", such as financial bloggers, design bloggers, fashion bloggers, entrepreneurs, or Chelsea's Mom.
If you're looking for actual financial advice geared towards women, look elsewhere. But at it's worst it leans too heavily on the feeling a young person might have of not being a grown-up, not having one's shit together, relying on Mom for advice. They create listicle-style videos on a variety of financial and lifestyle topics such as "12 side hustles you can do in bed.
Clearly geared at someone who has no idea what to do with money i. There's a glossary in the back, but that's not enough.
Or even more disastrously, in an interview with a VP at a bank, "you can buy a house with only 3. That is followed by some tips on a particular topic often presented in a graphic format by TFD co-founder Lauren Ver Hage.
There's a list of must-have kitchen items so you can cook for yourself and save money, a set of household skills you should learn so you don't have to call a handyman and checklist of budget decorating rules, like how sticking to a strict color palette assures you're not buying weird, one-off things that don't match.
The book is structured in the following way - author Chelsea Fagan relates an example from her life, such as being bad with money in her teens. I think the much healthier goal is: While written in a tone of "I was a hot mess" that is relatable, it leans a little bit too heavily on swearing and hot mess stories.
There are interviews with experts and non-experts, aka the author's momdownloadable budget guides, and real advice that's practical without being cheesy.k Followers, 14 Following, 1, Posts - See Instagram photos and videos from The Financial Diet (@thefinancialdiet).
We talk about money because we know you don't want to. The Financial Diet. 44, likes. A website & YouTube channel about money, and everything it ancientmarinerslooe.comers: 35K.
But in development and running The Financial Diet every day, I have realized that the first concrete steps to becoming the kind of person who is " good with money" are rather easy and straightforward—these are the basic of getting good with money in a year that we have learned in three years of building The Financial Diet, and being on.
Trying to get a grip on their own financial situations, Chelsea Fagan & Lauren Ver Hage started The Financial Diet as a way to help people like them learn to take charge of their money and learn financial fluency through budgeting, investing, and creating a healthy work/life balance.
The Financial Diet is the personal finance book for people who don’t care about personal finance. Whether you’re in need of an overspending detox, buried under student debt, or just trying to figure out how to live on an entry-level salary, The Financial Diet gives you tools to make a budget, understand/5().