How I Built This with Guy Raz

HIBT Lab! The Financial Diet: Chelsea Fagan

Jul 14, 2022

Chelsea Fagan, Founder and CEO of The Financial Diet, shares her inspiring journey from credit card debt to building a successful personal finance business. She discusses the importance of financial education for young people and how her blog evolved into a multimedia platform. Fagan emphasizes employee satisfaction, innovative pay structures, and the need for transparency in business. The conversation highlights empowering women's financial literacy and the ethical responsibilities of content creators in maintaining trust with their audience.

39:14

Episode guests

Chelsea Fagan

AI Chapters

Episode notes

Intro

5min

Navigating Financial Realities and Writing Journeys

7min

From Blog to Business: A Personal Finance Journey

6min

Empowering Financial Conversations: Women in Finance

8min

Evolution of Media and Monetization Strategies

5min

Redefining Work Culture and Compensation

11min

Empowerment Through Financial Literacy

2min

Chelsea Fagan got her first credit card when she was a senior in high school. She quickly maxed it out, racking up debt that would burden her through her early twenties. Then, in 2014, Chelsea started a blog as a way to keep track of her spending habits and get her financial life back on track. She called it “The Financial Diet.”

This week on How I Built This Lab, Guy talks with Chelsea about how she turned that blog into the multimedia personal finance business it is today. Plus, Chelsea shares why she prioritizes employee satisfaction over growth and explains her judicious approach to brand partnerships.

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