Personal Details Summary | |
---|---|
Name | Chelsea Fagan |
Age / How old / Birthday / Date of Birth / DOB | January 26, 1989. As of 2024, she is around 35 years old. |
Wedding & Marriage / Spouse / Engaged / Partner | Married. She first met her husband Marc on the website OkCupid around 2010 – 2011. |
Children / No. of Kids | None |
Ethnicity / Origin / Heritage / Race | White |
Nationality | American |
Wiki Biography / Profile Background
Introduction :
- Chelsea Fagan is one of the co-founders of the website The Financial Diet, an online platform meant for teaching young people (especially young women) about financial matters.
- Recognized by GOBankingRates as a Top Money Expert, Chelsea has written materials for media outlets like The Atlantic, VICE, and Cosmopolitan. She has also published books titled I’m Only Here for the WiFi & Take Out Your Earrings Before You Fight (And Other Things I Learned In Public School).
Personal Life : Parents, Family and Education
- Chelsea studied for her International Relations and Affairs degree from 2008 to 2010, at the Anne Arundel Community College in Arnold, Maryland.
- When she was younger, Chelsea did not think of writing as a career option but she enjoyed doing it in her free time. She wrote all kinds of things, such as short stories and articles.
- According to Chelsea, writing was the best way to channel the problems she faced at school, such as not being a popular or a good student.
- In 2010, Fagan got into writing on the internet when she started a Tumblr blog to document her move to France. In early 2011, she submitted an article to Thought Catalog and her writing career took off from then on.
- Chelsea says that she was always bad with money. After getting her first credit card at the age of eighteen, she maxed out that credit card, did not pay the debt &, consequently, had a bad credit score. Moreover, she never maintained a budget or had any knowledge of the amount she had in her bank account. After paying off her debt, she heaved a sigh of relief & this made her more interested in financial matters.
Business, Career and Net Worth :
- Fagan dropped out of college to write for Thought Catalog. In August 2014, she started her own personal blog called The Financial Diet.
- Her website, The Financial Diet, has evolved from Chelsea’s personal budget Tumblr blog, which she made in 2014. Since then, The Financial Diet has grown into a big community and online platform for women to learn about and discuss financial matters.
- While she was building her career, her partner supported her. She was a freelancer for two years and did not have a salary.
- The Financial Diet prides itself on being driven by stories and not cliché tips and tricks about get-rich-fast schemes. Instead, it provides useful facts and expert advice while combining beautiful visuals with hard truths about money.
- At The Financial Diet, all employees, including Fagan, benefit from profit-sharing, with annual gross salaries ranging from $75,000 to $200,000 depending on profits. The company employs ten full-time female staff members and contractors and offers attractive perks, such as four-day workweeks and six weeks of paid time off. Fagan has chosen to keep her base salary at $90,000 annually, and is the fifth-highest paid employee at her company, despite being the founder.
Books Written :
- The book written by Chelsea I’m Only Here for the WiFi is a guide for starting life after finishing school. It deals with regular day-to-day topics such as finding a job, finding an apartment, dealing with adult friends, and so forth. The book is written in an informative yet humorous tone. Fagan originally wrote this book as a guide for her younger sister!
- Chelsea’s second book, Beyond Getting By, focuses on life beyond financial basics. Written by her longtime colleague Holly Trantham and designed by Lauren Ver Hage, the book aims to help readers manage money while living mindfully. The book released in April 2024.
Interesting Facts, Height and Trivia :
- When asked what the best ten dollars she has ever spent was, Chelsea answered that it was when she bought her own successful URL – TheFinancialDiet.
- Her favorite movie is Moonstruck.
- After the success of her blog and books, Chelsea’s YouTube channel has also taken off with over 1.1 million subscribers.
- Chelsea’s definition of success is – Having a good work-life balance, doing what one truly enjoys, and having financial stability.
- Fagan criticizes large corporations prioritizing shareholders over workers. She advocates for worker empowerment and unionization, acknowledging challenges in broader systemic change.
- For her viewers, Chelsea suggests a simple step to manage finances better: regularly check your financial statements! She believes this habit naturally leads to better financial decisions over time.
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