How she got out: she moved back in with her parents and makes $100k+ a year

@miaomiaou_

Ай бұрын

Damn, I was really hoping this wasn’t the answer but it seems it ALWAYS is! I’ll let that serve as my motivation to never get into so much debt.

@kirkford1748

Ай бұрын

Wish I'd read your comment earlier to save me a bunch of wasted time

@amberrohal8837

Ай бұрын

@@kirkford1748 wasted time? she said that in the first 10 minutes...

@Mvegvn

Ай бұрын

Saved me a watch

@sarahmew5126

24 күн бұрын

I stopped watching because I dont have the privilege of family or friends to help me. If anything, they'd ask me to pay higher rent than I am paying now.

I appreciate the guest acknowledged the areas she was privileged in. It helps me respect her ability to be aware of her situation and opportunities. Lots of good information from this interview.

Im 38 and have been paying off student debt for more than 10 years. Knock on wood I'll be done in less than 2 years. Things that are making that happen: - moving states - moving apartments - moving jobs, more money - not traveling or buying furniture - father helping me repair and replace used cars - at one point, sex work and dumpster diving The way you get out of debt is to grab whatever opportunity passes you to drop a different expense or gain more money. Barring forgiveness, that is the only way. It does not matter who is getting interviewed or what their unique circumstances are. It will always boil down to those two things. What that looks like for you individually is what you have to figure out.

Not in credit card debt but I am paying off student loans while living with my father. It is such a privilege to have a father that will not only let me live with him but who I get along with and I am infinitely grateful to him. I try to view this is as a way to spend precious time with him because we are only getting older as opposed to I am a loser for living at home lol

@sweetness371

2 ай бұрын

I moved in with my parents after college to pay off my student loans too. Lived there for almost 9 years. Not only did I pay off my loans, but I was able to move out any buy my own house. It was a huge blessing!

@jennakeller8542

2 ай бұрын

❤ Brittany

@mellodees3663

2 ай бұрын

The interest pause during the pandemic helped me get rid of half my SL debt. While I don't wish for the world to burn down again, I wish I had more time to get rid of the other half.

@JJK-he1xn

2 ай бұрын

Same. So grateful my parents let me live with them for the time being. Getting that big expensive paid off in advance allows me to start living and having a chance at life.

@alwaysapirateroninace443

2 ай бұрын

That is such a great way to think about it.

THANK YOU for talking about how much of a privilege it is to be able to move back in with your parents to pay off debts. I could fix my debt situation in one, maybe two years if I didn't have to pay rent - but there's literally nobody in my family with the space to take me in for that long. I'm on my own & always jealous of people who do have that family safety net to fall back on - and annoyed when those people act like it's possible for everyone.

@Penny.22

Ай бұрын

Could you consider roommate? Similar concept...not as great as free housing but definitely could help with cost of the apartment

@AuthorDiannaGunn

Ай бұрын

@@Penny.22 We live in a one bedroom in a city where rent has gone up so much that people are now paying about the same amount to rent a room that we pay for our full apartment (we moved in 9 years ago & have rent control) soooo that's not a practical option

@Penny.22

Ай бұрын

@@AuthorDiannaGunn I am sorry to hear that. We also live in high cost living area. Sadly if you move to low cost area the pay goes down as well. So not sure what is better. Higher income and higher cost of living or lower income and lower cost of living.

@AuthorDiannaGunn

Ай бұрын

@@Penny.22 Yeaaah my spouse's job/industry is also very tied to our current city so we don't have much choice unless they want to go back to working in kitchens, and that is the LAST option we'll consider

Without fail, someone or multiple people comment something to the tune of “this isn’t my exact situation, could you please focus on people in my exact situation?” as if TFD doesn’t have a whole back catalogue of varied content to sift through.

@banksyyyyy

2 ай бұрын

Yes kind of frustrating!

@annamiller9207

2 ай бұрын

I think people think there’a going to be a magic pill, but it’s not that simple! It’s like dieting - you need to burn more calories than what you consume. How you’re able to sustain that, and how fast you’re going to make progress is going to vary widely from person to person.

@khorwath91

Ай бұрын

Yeah it's beyond frustrating because Chelsea and her team work really hard to create content they can be proud of. I think there are many people out there that do have options like moving in with their parents but feel like they don't or can't because of their age/ mental block. The reality is many people are slipping through the cracks with no support, but it's not TFDs job to fix the economy. At the end of the day the "simple" solution to getting out of debt is to reduce expenditures and/or make more money. Every success story will come with some version of privilege or luck.

I'm always impressed when people are willing to be honest and vulnerable on social media like this.

Can you do an episode of someone who paid of debts & didn't move back in with their parents? Might make it more relatable for people who don't want to or have no option to move back in with parents.

@SamarkandChan

2 ай бұрын

I think budgetgirl on KZread did this

@kyleflournoy7730

2 ай бұрын

I imagine those people are MUCH harder to find

@kcltube3

2 ай бұрын

or who can't pay frickn $4000 a month off on it! that's unfathomable to me

@ColaKitty9595

2 ай бұрын

Called renting the basement from your friends with means.

@VBoo459

2 ай бұрын

There's no way you can live by your own, maintain a low salary, not experience poverty and pay off all your debts. It's just impossible hence why most Americans are still heavily in debt. You're asking for a unicorn. The best way then, is to simply make more money and afford doing it all.

I'm in my early 40s and we were practically handed credit cards once we were on a college campus. I'm glad this is changing.

@March5546

2 ай бұрын

Yes! I can remember filling out credit card apps my senior year of high school AT SCHOOL!

She’s right about it being pointless to sit in shame and anxiety about having made a mistake. We all make mistakes. We just shame people for certain mistakes more than others. Normalize praising ppl for recognizing mistakes over constantly reminding them of them 😅

So i actually have been going through this exact same thing. After my break up 2 years ago i got myself into 20k debt trting to live on my own. I moved back in with my parents 1 year ago & took a new job near them. Since then, i have paid off my car & half of my credit card debt.

@FireSilver25

2 ай бұрын

Congratulations ❤

Just wanted to voice a word of encouragement and appreciation! Needed to hear this story, as it’s literally so similar to my own. I think a lot of young people are influenced to spend spend spend. And with the yo yo state of the world, it’s so easy to slip into existential purchases for a false sense of control. Reeling in our spending is a “coming of age” that some of us discover late if at all. I appreciate this conversation so so much. Those critical of her apparent privilege and those dissatisfied by the fact that she “makes too much” want to invalidate existential struggles young people come into, and that does nothing to further the conversation and destigmatization.

@mangomadnnesss

Ай бұрын

How does spending give a sense of control? For me it makes me feel like I’m being controlled so I wont buy what’s being sold to me.

It was so interesting to hear her perspective on what someone could’ve said. I liked that she took responsibility but admitted she could have been influenced by a friend or family member questioning her decisions. It highlights the importance of financial transparency amongst our close circle and even more broadly in forums like this. Thanks for another great episode!

Huge privilege to be able to move back home rent-free, I moved back home for 10 months but had to pay some rent there as well.

@e.malloy7530

Ай бұрын

Thank you for saying this! I moved back home with my parents immediately after college and they made me pay rent on (essentially) where I was living before graduating high school for free - I left as soon as I had a full-time job.

My three favorite channels: The Financial Diet, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥

Great video! I really do have a quick question. For someone with less than $10,000 to invest, How would you recommend we enter the market? I am looking study some traders and copy their strategy rather than investing myself and losing money emotionally. Whats your take on this approach?

@MakaiTruong

Ай бұрын

I tried copy trading, just when I started investing last Christmas. Had a poor experience, the guy I copied made many small trades, slowly loosing money. What good came out of it was that it gave me an insight into how the market really works. Make sure you do your homework!

@MercyDaugherty431

Ай бұрын

Focus on long term investments in property, stocks, and bonds. Avoid copying, daytrading and 'chart astrology'. Diversify across different geographies, industries, and value chain stages - to reduce your risk. You can do this with ETFs, or by selecting different stocks yourself. This is the best way to invest for more than 90% of people

@ChanaMay

Ай бұрын

I successfully trade in my own portfolio, and also follow others because I'm interested in their strategies. I realized I've got better at managing the trader's strategies too. There's nothing wrong at all with having someone far more dedicated manage some of your portfolio.

@GunnarBlankenship

Ай бұрын

Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again

@01LucilleAlvarez

Ай бұрын

How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.

Hilarious sidebar, right when Chelsea asked about travel expectations inflation the video was interrupted for a booking hotels commercial

It's crucial to address that debt before considering any major investments. Maybe focus on paying off the high-interest debt first to minimize its impact on your portfolio.

@V.stones

2 ай бұрын

It's understandable to be concerned. High levels of debt can put pressure on your finances, impacting your ability to invest and potentially causing stress during market downturns.

@Linda.xing-tj2fh

2 ай бұрын

By prioritizing debt repayment, you can free up more resources to invest and build wealth for the long term.

@Colbe-lx7fb

2 ай бұрын

It's also worth noting that carrying significant debt can affect your credit score, which may impact your ability to secure favorable loan terms for real estate investments or other major purchases.

@Andres_853

2 ай бұрын

​@@Linda.xing-tj2fhYou're not doing anything wrong; the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.

@louisahernandez

2 ай бұрын

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I've been with Eric Paul Elmer for the last five years or so, and his returns have been pretty much amazing.

I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year.. Investment should always be on any creative man's heart for success in life

@adamalker71

2 ай бұрын

Thanks for the advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners? .

@Melbn-di6mi

2 ай бұрын

As a beginner, it's essential for you to have a mentor that is verified by finra and SEC to keep you accountable. I'm guided by a widely known financial consultant Stacey Macken

@raphfelimax2713

2 ай бұрын

Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 12 grand weekly and this has improved my financial life

@domenez

2 ай бұрын

YES! that's exactly her name (Stacey Macken) I watched her interview on CNN News and so many people recommended her trading skills, she's an expert and I'm just starting with her....From Brisbane Australia

@benjaminocampo3359

2 ай бұрын

This Woman has really change the life of many people from different countries and am a testimony of her trading platform .

Great interview, fantastic questions! Ugh the shame but yes we have to face head on. Thank you, TFD!

Women have more credit card debt then men. Because the economy markets more to women then men. When you go to the mall, you will see more stores marketed to women than men.

@EwYoureCringe

2 ай бұрын

single men spend more than single women. Women have more cc debt bc they’re paid less

@gizroc

2 ай бұрын

@@EwYoureCringe women aren't paid less. That an equality lie.. women choose profession that are paying less. Areas such as women dominate fields like estheticians, hair styles and nail technician get paid considerably less than male dominate fields of work, like electrician, plumbers and construction workers.. There is no law policies stopping women from entering said careers.. So yes women are marketed and tricked to spend money and have more credit card debt... Go get that latest Gucci or Fendi bag.

@gizroc

2 ай бұрын

@@EwYoureCringe that is not true.Meaning women are not paid less than men, Women choose professions that are paying less. Being an esthetician, a nail technician or a stylist. Are considerably paid less Then then a electricia construction worker or a plumber. There is no law or policy that is stopping. Women from joining those male-dominated fields.

36 minute: the nitty gritty on payment method, no joke happy to hear the good stuff!

Escapism and avoidance of accountability seem to be the the two biggest themes of the people that find themselves in these situations. The idea that someone could spend 23 hundo on a ten day airbnb just so they can hang out and pretend to live lavish in their preferred city because they don't like their current city for reasons they can't really articulate, is so wildly foreign to me. Glad she's getting out of the hole. But i wish people didn't have to fall so deep to learn these lessons

It's interesting that she said more than once "I could have afforded it if I had planned better". I wish that had been explored more. I feel like usually, the credit card debt stories are either a) I was broke and had to put my necessities on a card, or b) I was knowingly spending beyond my means because I wanted those things/experience. I feel like it could have been an informative convo to discuss why she didn't plan ahead, or what she would have done differently and guesstimate how much debt could have been avoided

If I had the opportunity to move back home, I would’ve done the same thing. Kudos to her for tackling this head on!

It's a privilege to move back home, but it must have been pretty tough. I would be too proud to do it. 😬 Kudos to her for making sacrifices!

@khorwath91

Ай бұрын

This I agree with- she is 28 years old. The social pressures women face is really freaking hard so to acknowledge the end of a relationship (she may have considered an actual future with this person too) and understand she financially cannot live on her own, which many people can't, she was able to utilize the support she had. But I'm sure that came at a mental cost.

omg I love Brittney!!! what a great guest to have on

@kristenfader2088

2 ай бұрын

Same!!

Great questions in this episode!

Great video

This was really good to listen to, we're in the same place. I've recently allowed myself a credit card, trying to trust myself after closing out all my debts. I have savings and investments now and I've been proving to myself I can do it. Last month, I paid off my statement in full. It was an experience I was so happy with. Only using my credit card for costs that I already have the cash for. Trusting myself now after hard lessons learnt. Sidenote, I'd LOVE for you to delve into the whole child treatment with in-laws and how to go about that. I'm eldest and like a secondary mother to my sibling. But with my in-laws, I'm the youngest whose married to their youngest (proxy-baby treatment). Its beyond irritating.

I love both of you guys!

Literally looking at my debt right now and making plans to pay it off 😂. This was a balanced transfer card and the balance is higher now 😢😂

@Bamapride1985

Ай бұрын

If it is a 0% card for X time, the payments on it are fulfilling seeing that balance go down by the amount you actually pay instead of paying and then interest adds almost to the same prior balance when being charged high interest

I think it’s good to destigmatize moving home. I’d much rather my kids live with us for a while than struggle longer with debt.

I moved back in with my parents after graduating from college, with their encouragement that it was okay (i'm also lucky to have a really healthy relationship with my parents too), and now I'm making $46k a year and not paying rent, which allows me the privilege to save a ton of that money for a rainy day or for when me and my boyfriend move in together (hopefully after the housing prices come down, one can only hope that will actually happen)

I've actually seen a bunch of my friends and family need to kove back in with their family to save money or re-orient or a bunch of other types of things

I love Brittney!! Can’t wait to listen to

It's funny that the solution is so often to move in with your parents, because it's totally opposite for me. My debt got its start during a period when i had moved back in with my folks, and I'm paying it off now while living independently.

She was willing to make sacrifices.I know someone who is very low income .I have made many suggestions to them about house hacking etc but they never want to make changes. I have had to make many sacrifices to get somewhat comfortable even though I am still paying off debt !!

You are not privileged bc you have a remote job. Luck is where opportunity and preparation meet. You created an environment where you can have a remote job.

Aww I love her I follow her on tiktok she's a sweetheart

Omg Brittney!!

I do think it’s interesting that in the beginning , the guests spending is framed as “frivolous and unnecessary “ and then later upon digging we get to the fact that it was actually not just personal choices but also cultural messaging and mental health and coping mechanisms. So the spending had a use and wasn’t frivolous, it was an important albeit detrimental coping mechanism

Regarding traveling, my experience.. I work in a big, stable company, the salary is stable and as far as 2023 was expectable and stable. That's why I was confidant in booking a week long trip to Italy. A few weeks before the flight we were informed the annual bonus of 2,000$ is cancled. Which was supposed to cover my expenses. Choosing to go through with the trip anyway was such a bad decision for me and I ended up having a full on anxiety attack in the middle of the street there, and completely ruining my reflection on my second home in Italy. Now, trauma-stiked I can't even think of traveling without money anymore, it really isn't worth it...

A bit aside from the topic of the video, as she said she is making money from TikTok, the question is how will she react after the TikTok ban in the US?

she was able to set 4k a month? she never was in a tough financial situation tbh

@samjoytha

2 ай бұрын

She speaks about it on TikTok but was getting paid for TikTok brand deals

how does someone who earns 25K a year manage money and save?

@BurbBeauty

2 ай бұрын

Food banks, govt assistance, any help you can get while solving your income problem. That is a poverty wage

@bluejedi723

2 ай бұрын

@BurbBeauty theres more of us make poverty wages then 80k a year

@Madamchief

Ай бұрын

Get a job at a university or hospital - they usually offer comprehensive employee benefits and support. The hospital where I work offers 100% paid certification programs

Joybird? 4 grand? i'm confused.

Good for her to fight her pride and move back home!

This is not a “real person”. $4k extra towards debt??? That’s more than my monthly take home. Can we get someone on here who makes a regular salary???

@TabascoChic

2 ай бұрын

What's a regular salary?

@ingridsantos1841

2 ай бұрын

She is a real person who used the options she had available to get out of debt. Does she have some privilege? sure, but she also had to make sacrifices. Just because her journey is different from yours doesn't mean it's not real or you can't learn anything from it.

@banksyyyyy

2 ай бұрын

I think she makes less than 100k a year, like 80k or something? That's not crazy to me

@luis_g_77

2 ай бұрын

I agree that it's important to have people with similar opportunities share their story, but I think this is a bit harsh. There's lessons from every story. I myself found that taking lessons from people who did things in their own individual way, still taught me how to apply the ideas to my own situation

@AdrianCarroll-fj5ce

2 ай бұрын

I'd appreciate a talk like this from someone making less than $3000 a month. Might actually be useful for once. Otherwise, it's not worth the time listening to.

for rich ppl even being poor and in depth is so much easier

Wtf spend $4k on a couch?! This isn't the first woman I've heard say that. Where do you even find a couch that costs that much???

Now can we hear from someone who doesn’t have all that privilege? If I had parents like that I wouldn’t have gotten into credit card debt in the first place. This is not a relatable perspective for the majority of people in debt

Adult Job + Child Living Arrangements = Maybe you’ll build up some equity i dunno we’ll see

I respect the honesty and accountability this person has. Its refreshing, so im not negging that at all. Everyone deserves to not feel alone in their struggles and in my younger 20s, i spent to keep up with friends too. Its common. However, With how bad inflation is right now, i feel like this video may be bad timing and not hitting well with me. I think id rather see more content about surviving the silent recession were in, how to do momemts of joy or happiness when the world is burning and your broke, or how to build communities to help you all save money rather than content like this. Alot of that is doom and gloom, but its relevant to today. Even content about small scale homesteading in a city for community building is less doomer and doable for most folks. Though her privilege was discussed, i just dont think its a good time to center a story about someone with the means to live alone in CA with debt from fun high lifestyle choices and a bad relationship when so many people are struggling atm. Again, i may be angry and jaded bc of my own struggles created by corp greed and no safety net bc i only have chose family, but i dont think im alone in these feelings.

Terrible example and very unengaged guest, she can’t even open up the topic. Basically what I got from it is this girl was working in IT, overspent and moved in with mom and dad. Not relevant at all.

I miss Chelsea's solo videos. I understand TFD's desire to diversify but the guests they bring in just aren't as well spoken, though provoking or engaging as Chelsea herself. It's been month's since I've watched a full episode of TFD now. The viewership on these videos shows similar agreement. Might be time to unsubscribe.

TikTokers are considered "normal" people now??

Has Chelsea ever done a video on elder care? As millenials get older and their parents hit that age of needing care, how does a typical millenial deal with their own finances and or care for their parents?

Man, interviewer is just windmill dunking on the subject

Chelsea hello beautifu

LMAO breaking up with her partner and moving in with her parents and working remotely for her girl boss job in her sleepy hometown… She’s in a Kate Hudson romcom

I understand the change in location for the episode… but why did you recorded it with a potato? video quality is not on par with regular TFD videos

Lmao “real person”

I don't really think these are helpful... just switching cold turkey and moving home is not practical by any means.... most of these interviews of real life just feel like plugs for content creators... even her description of overconsumption comes off as bland lacking any real transparency.. borderline denial...and the real root cause was glazed over... it just feels like these ppl have no depth... now I get a hit paying of my debt and walking 😮... so the solution is to monetize your debt journey on tiktok to pay off debt 😒

For fuq sake learn the difference between Fortunate and Privelege.

Millennials and Gen Z are killing themselves with travel. I'm considered an "evil" landlord because I saved my money to purchase a few single family homes. I've also been called privileged, but I have never once taken a vacation that involved flying somewhere, staying in a hotel, etc. My vacations have been camping at the state park, and even then only about every 3-5 years.

@priceisalr1ght

2 ай бұрын

You aren't going to get the affirmations you are looking for here.

@davidinwashington

2 ай бұрын

@priceisalr1ght I wasn't looking for affirmations. If I sat around waiting for people to tell me I am right, I wouldn't be as successful as I am now.

@average_coverage

2 ай бұрын

This isn't exactly screaming good mental health

@taylor3950

2 ай бұрын

If you’re considered an evil landlord it’s because you view people’s need for housing as an income-generating opportunity. Not because you’ve never left the country.

@chelsea7229

2 ай бұрын

Housing shouldn't be an investment, period. Until you make that connection, you are the problem.