Chelsea Fagan, founder of The Financial Diet, discusses why she avoided venture capital and prioritized sustainable growth over hyper-expansion.
0:00 / 0:07exact quote · 7.2s
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“We've never taken on any investments you know, outside investors because what they want is growth.”
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More from Chelsea Fagan
Opinion
Fagan: Wealth caps and heavily regulated capitalism are absolutely necessary
“Having a much more sort of regulated and infrastructured capitalism with much, much more limits on wealth accumulation, much higher taxation much more support and resources for lower income folks, all of that I think is absolutely necessary”
Chelsea FaganJul 14, 2022▶ 37:21HIBT Lab! The Financial Diet: Chelsea Fagan
AssertionSupported
Fagan: Heterosexual women still rarely handle long-term household financial planning
“On average, women are still not the financial decision makers. They make day-to-day decisions in the household generally, but they're not the long-term financial planners of heterosexual couplings.”
Chelsea FaganJul 14, 2022▶ 17:23HIBT Lab! The Financial Diet: Chelsea Fagan
Insight
Fagan: Complex personal finance advice is usually an attempt to extract money
“Anyone who's trying to make finance, personal finance, sound complicated, or like if there's a lot of math in it or things like that, they're probably just trying to get money out of you. Because there's really not that much to know, honestly. Spend less than …”
Chelsea FaganJul 14, 2022▶ 19:28HIBT Lab! The Financial Diet: Chelsea Fagan
Insight
Fagan: Building media on audience scale is a race to the bottom
“Something that I learned early on working in media is that, you know, if you're dealing in scale, you're in a race to the bottom. There's no two ways about it.”
Chelsea FaganJul 14, 2022▶ 20:32HIBT Lab! The Financial Diet: Chelsea Fagan
Opinion
Fagan: Outside investment would nuke The Financial Diet's editorial and labor practices
“And I think what I learned from all of those experiences is that there's no iteration of TFD that takes on investor money that doesn't kind of nuke the editorial and labor practices to some extent.”
Chelsea FaganJul 14, 2022▶ 33:44HIBT Lab! The Financial Diet: Chelsea Fagan
Insight
Fagan: Money shame creates either compulsive spenders or obsessive hoarders
“Typically people who grow up with those kind of money issues, it usually goes one of two ways. They either become big spenders and are very compulsive with money, which was my case, or you become kind of a hoarder with money and very obsessive and often overly…”
Chelsea FaganJul 14, 2022▶ 2:37HIBT Lab! The Financial Diet: Chelsea Fagan
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