Chelsea And Hank Green On Their Professional Breakup, Making Money, And Building Good Companies

[@lottiav.422]

Hank Green is quickly becoming one i my favorite people that I don’t actually know.

[@thetalantonx]

Likewise, even though he is challenging at times, he is worthwhile enough to keep listening to even when he frustrates me. The good that he has done and his impact on the world have earned him a good measure of respect and leeway. He has set his house in order, and has earned the position from which to criticize and guide the world.

[@Bee-nw6df]

TheTalantonX 😂😂😂u a fan of jp or something?

[@TheCheck999]

It's weird to see serious, business Hank not goofy, nerdy Hank who just wants to talk about a cool caterpillar.

[@Andresfin]

OMG right!

[@redgrey85]

I think I'm speaking for you and all of us when I say: we love both.

[@saber1epee0]

Also that Serious-Hank goes hard on Tax-the-Billionaires, reasonable arguments against value-for-value addicts.

[@originalcyn]

I’ve been watching Hank and John since 2008, and I think what has inspired me the most during that time-seeing them become super successful-is their approach to not wanting to maximize profits. Since I was raised in American culture, I have that impulse to want The Most and have to fight myself on being opportunistic, and observing how they run their businesses has helped with that.

[@Nazioarteko89]

I am so glad to hear this!

[@celvsmachine]

Totally thought this was a break up explained video lol

[@carolineshorb883]

Hahah same

[@ValeriePallaoro]

That's exactly what it looks like ...

[@laurenconrad1799]

The lowest paid TFD person makes $60,000 a year? That’s great. (I hope it’s ok that I did the math publicly in a comment). I assumed that they’d make much lower as someone in a journalism or content-type of position. But that’s great since the cost of living in NYC is so high.

[@camelopardalis84]

I guess Chelsea is the one making the most money and since she made her own salary super public it was she herself who made the lowest salary that someone at TFD makes public and by extension every other TFD employee's. You really didn't do more than spread this information a bit further since not everybody who sees your comment has seen the video in which Chelsea mentions her salary and also remembers the information they got there. It is also important to make this kind of information as public as possible. You could even go so far as to say that you're not able to give really informed "consent" (borrowing an expression here) if you're in a job interview and told that you'd earn a annual salary of x in a full-time position if you don't know what comparable - not necessarily similar - jobs in the same company and in other companies pay. I am also glad to know what kind of salary I'd pretty much make a fool out of myself for accepting without really needing a(nother) job. That I could tell you which salary I would not get up for in the morning without absolutely having to do so.

[@TheDreamSyndicateArts]

Thanks for the context of the locale for the $60k- yeah, in NY and a bunch of Cali. cities it's ok, but you're not living a life of luxury.

[@sweetestpotato4392]

Around 9:30 she says her salary is “only $15k more than the lowest paid person” and given the size of her apartment in NYC that doesn’t make sense on $75k/yr. (ETA: in another video she shared she was living in 650 sq ft apt at the time, which still sounds large for many parts of NYC but maybe she had roommates)

[@ainepeacelily]

Getting Frank with Hank

[@kyrasyme4692]

10/10

[@saber1epee0]

+++

[@TheDreamSyndicateArts]

+👏👏👏

[@PaolaCucurullo]

“The market went up 6% this year; you made enough to retire, and I made enough to put a yacht on the yacht on my yacht” - Hank Green

[@jennifergarza2307]

LOL I misread the title 🤦🏻‍♀️ I thought they’d be discussing their breakup... like to each other 😂😂

[@jessicaphan7432]

Jennifer Garza don’t worry I thought that too! 🤪

[@jessicalynn6263]

I did too, then my second thought was , they do look like a couple 😂

[@jennifergarza2307]

Jessica Dougan right?! After actually watching it, I GEEKED so much. I could listen to them all day long 👌🏽 #ChelseaAndHankPodcast?

[@SutapaBhattacharyaKolkata]

Come to think of it, Mark and Hank look quite alike 😂

[@timothynguyen4446]

I'm all in favor of Chelsea pivoting to just interviewing members of the Breadtube for the next year. Really appreciate having a progressive personal finance channel!

[@ilagrocks]

In what way is hank breadtube?

[@risamaeve]

idea: Chelsea interviews @ContraPoints about money

[@MCAndyT]

​@@ilagrocks Complexly/Crashcourse/Vlogbros has been identified as one of the gateway drugs into left wing youtubes. It's put a lot of people on the path...

[@clairemckinley691]

Huh, yeah I guess the vlogbros were ultimately my gateway into breadtube and leftist politics, though I wouldn’t especially consider them to be a part of breadtube. They’re fairly staunch capitalists but definitely taught me lots about caring for others and extending as much compassion as possible which I guess is what drove me to be a leftist. My gateway probably went vlogbrothers -> Lindsey Ellis -> contrapoints-> the rest of breadtube

[@heatherabner]

Professional Hank Green vs my usual intake of Delete This Hank Green is very different. I enjoy both.

[@benspiecker484]

"Yachts All the Way Down" by Hank Green

[@BudgetGirl]

LOVE watching Hank get real passionate and deep into the inequalities of current systems. Also boats on boats on boats :-) ALSO HIM DROPPING AN F BOMB!!!! YASSS Love you both and how much we learn from experts willing to open the doors and talk honestly.

[@BudgetGirl]

Also how chelsea just lost it at the end.... just done being her uber professional self and back to friend mode. :-D J'adore.

[@kelseycoca]

WAIT- he dropped an F bomb?! How did I miss that?! OMG! lol also, it always warms my heart when I see that KZbinrs that I watch watch KZbinrs that I watch lol ♥️

[@jjngheng]

@@kelseycoca You should listen to Hank's podcast Delete This where he drops more F bombs and also discuss twitter with Katherine.

[@kweightthree]

TLDR; Capitalism is unethical but it s the system we live in, so make the best of it and bring as many people up as you can. Not me, US.

[@towjam37]

[@casebeth]

Almost like some rocking presidential candidate said the same thing ;)

[@juzoli]

KW eightthree I agree, the society benefits from these greedy people, even if they look bad if you focus on them. Good analogy is the concept of “bankrupcy” paired with “corporations”. It allows people to lose other people’s money and walk away, which is an incentive to be less responsible. But modern economy wouldn’t exist without it, because no one would invest in anything. But as always, there is a balance. And we have zero idea if we have more than ideal number of greedy people, or the society would,benefit from even more...

[@thakatspajamaz]

Don’t forget: “work to change the system, don’t just settle. We have the power to make whatever society we want, collectively.”

[@jackxiao9702]

What's more ethical? The government completely owning the economy?

[@nimraha.5064]

Hank is, I think, a truly admirable person.

[@charlottefore408]

Hank is the reason I discovered TFD years ago!

[@MicahRion]

Same here, since Hank announced that it was starting and encouraged people to head over, I watched TFD's first ever videos. So cool to see TFD grow since then!

[@dawnglessner7432]

This baby boomer hopes and believes that this world will be a better place because of smart young people like you! Thank you!

[@alexvesel1]

My close friends and I have never had any qualms about discussing money so it always surprises me when I casually bring up how much I earned in a given month to someone and they get uncomfortable. I do this on dates (because I genuinely will forget that it's considered taboo) and I feel like it makes me sound like a gold digger when I'm just nosy as hell and am curious as to how other people are managing their assets so I can better manage my own. lmao this system needs to change

[@Sapphificationable]

shugarwax among you and your friends it feels normal and comfortable because it’s similar. People get uncomfortable when it’s drastically different (higher or lower). The disparity between groups is what’s uncomfortable. (And keeps us all from talking openly and fixing big picture problems)

[@aleka..]

@@Sapphificationable good observation! I'm not from US (but from part of ex _actually_ socialist country, Yugoslavia) and it was interesting to find out it's taboo elsewhere (France, I heard, too. Probably many other capitalist societies) Your explanation is making lot of sense. It's probably "not polite" to ask here too now that we ended up with huge disparities, but people that got lot of money out corruption and wars/sanctions grey economy are not shy to not brag. Oh well.

[@medioreblatherskite]

DIDNT KNOW TFD AND VLOGBROS WERE CONNECTED LIKE THIS

[@laurenconrad1799]

Dino yep. Hank Green’s company basically got TFD up and running in several ways.

[@nickspeelman9174]

10:33 "Having money isn't everything. Not having it is."

[@ProjectThunderclaw]

The discussion around the 10-minute mark reminds me of some things Lindsay Ellis (and others) has pointed out in the recent-ish past. Namely that: a) Even channels that look like they're just one person talking into a camera are often the work of at least two people, and in her case upwards of half a dozen b) Income from Patreon and sponsorships don't go directly to those people's salaries. There's taxes, fees, insurance, licensing, equipment, travel and all sorts of other running costs. So while at first glance it may seem absurdly greedy that Johnny Opinionman gets paid $8000 a month on Patreon to talk about video games and still shills for Squarespace, the reality is often that it takes three people to maintain the kind of quality (or quantity) that draws in $8000 worth of patrons and after paying taxes and production costs those people are actually kind of struggling.

[@hausafilmstv]

Nice transparent talk. I agree, there's just sooo much secrecy when it comes to incomes and that kind of stuff and perhaps that results into unforeseen issues like the ones mentioned (CEOs earning 9999x more than a normal employee).

[@BTheBlindRef]

Except that this particular example is terrible, because CEO compensation is public record as per financial disclosure requirements (at least for the public companies to which most of this discussion applied), so the idea that it's "salary secrets" that keep everyone from knowing how much executives get paid is bunk. I agree that executive compensation is out of control, but the cause and effect between the culture of compensation secrecy and income disparity is non-existent.

[@sharonchase4802]

Hank Green: the ethical capitalist.

[@snitox]

No such thing as ethical capitalism. Only enough to hide the problem. It just means people who are following his business model who are lesser successful is gonna have those abuses more apparently.

[@wendypeters6084]

You can tell he hates crony capitalism!

[@MenkoDany]

Hank Green doesn't exist

[@DrexFactor]

Wow...Hank's quote about bringing people with good ethics into business really hit home for me. Fantastic interview, both of you. Incredibly inspiring!

[@strangerliv]

Hey Chelsea, I'm 23 yearsold and started to look at financial education about 3 months ago and i found your channel. I'd like to say thank you and all the people that made it possible. It's been changing me since then, in different aspects of my life. Thank you for showing how I can have a great experience with my money even when it's a tiny buget, and how it can affect my mental health, my physical health and my future. You guys are awesome, please do not stop. And this video with Hank, that's been inspiring me A LOT to spread knowledge in my own language and country, its AMAZING. Thanks for just existing, Hank. This is a girl from Brazil :)

[@nebula1oftheseven488]

Woah best collab ever. I was always curious about the companies Hank built.

[@MoonlightSecret1]

"Don't fear the future, monetize it." -Chelsea Fagan, 2019 😂

[@rinceyreads]

This needs to be the start of TFD's new merch line 😂

[@bippbopp]

I’m taking a graduate class on social welfare policy and never realized how much I learned about this already from TFD. Keep up the amazing content!

[@123cookies4life345]

Wait... Hank Green's brother is John Green? Hey, I like both of these guys!

[@originalcyn]

They have a KZbin channel together called vlogbrothers.

[@robertofontiglia4148]

@@originalcyn You say that like it's not a super important part of youtube culture...

[@rebekahcreates]

If you like both of them, then you're already awesome. Come be a part of nerdfighters; we have fancy socks

[@MathAndComputers]

In addition to vlogbrothers, they also have an awesome podcast together called "Dear Hank and John"... and a Patreon-only podcast called "This Week in Ryans", whose name is based on a running inside joke from Dear Hank and John.

[@aquartertwo]

I've been watching them on vlogbrothers since... 2009, and seeing people discover them separately in new, and different ways like this makes me happy

[@laurenconrad1799]

“Let me hit you with this Chelsea Fagan.” *grins* “Hit me with it.” Haha. This video is so quotable.

[@MarielIsabel]

This was so adorable haha

[@mickylord21]

I thought it was low key sexy

[@Mac-ze4gu]

Hank is my nerd crush

[@amyx231]

I always thought TFD was part of Hank’s empire...

[@sarahrau1441]

It was. It was part of Complexly, which is owned and operated by the Green brothers. The early part of the video talks briefly, and vaguely, about TFD spinning off into its own thing away from Complexly.

[@MicahRion]

I love this. I'm so intrigued and invested in the behind the scenes of KZbin. Love the questions Chelsea asked and love that Hank is always down to go into these topics and be transparent about the process with viewers.

[@Baraborn]

Those glasses make them look like cousins.

[@nikkikoz4720]

This just made my little nerdfighter heart so happy

[@justmekatiec]

Can I get some, "Don't fear the future, monetize it" merch please, universe?!

[@AlyD247]

Just Me Katie C Yes! I’d totally buy this shirt!!!

[@MCAndyT]

+

[@mj13713]

I almost once got disciplined at a job for talking about wages. Like, how can groups of people who are historically paid less advocate for better pay if they don't know how devalued they are? We get in trouble for discussing salaries because if we do then we realise how much the business we work for is exploiting us and it may lead to collective action to get better wages.

[@ndiekwere6027]

I didn't even know Google gave grants to people to start businesses. Please talk more on that in a different vedio.

[@vickylikesthis]

I remember when a lot of youtubers I watched starting all kinds of new projects. The good stuff by the wheezy waiter was one example of this too.

[@Lenaturnsgreen]

As far as I know, KZbin used to fund certain selected KZbinrs / KZbin projects back in the day, to improve the quality of content on the platform. They probably still to this to a certain degree, just in different ways. The KZbin spaces e.g sometimes have budgets to fund projects.

[@kndrkaye1]

I would absolutely love you riffing on the Self Help/quit your job and be a life coach industry. You helped me finally walk away from everything MLM and I’d love to hear your opinion on it.

[@MinkytheMinkY]

TFD did a whole episode on MLM.

[@kndrkaye1]

@@MinkytheMinkY I'm aware, I asked about the self help/life coach industry.

[@MinkytheMinkY]

@@kndrkaye1 ohhh, totally misunderstood. I'm curious. Can you expand? Whether it's viable? How to go about being a life coach? Or client targeting? Can only the well off do it? Those types of topics?

[@aznandyroo]

I forgot that I had come over here because Hank Green suggested it. Loved the video, very enlightening!

[@YellowToomNook]

I think we should have more unions, too. It'll help regularize the wages of employees and employers, without using that much government intervention.

[@PinskyKyaroru]

I love ti when Hank is in this Channel. He seems so wise. Thanks Chelsea!

[@04beni04]

Fantastic conversation. Did not go where I expected it to go -- very much exceeded my expectations. Nicely done!

[@immadoll42]

I absolutely love Hank. "I just think it's remarkable that we are in a situation where in order to retire we have to support the system that fucks us."

[@ljvolpicelli]

Both of these companies sound like great places to work.

[@timmtamzz]

Hey Chelsea, are you able to do a video going into ways to budget and good financial skills and habits for those with an irregular income? Student life with multiple casual jobs, seasonal work etc makes it super hard and confusing!

[@Kcajakon]

Only advice I've heard is to base your budget on last years earnings. So just looking at how much you made last year, knock 10% off of that and than divide by 12 or 24 as you feel comfortable with. If you want to look into it more, check with writers or freelancers as their income is variable as well.

[@anajimenez1702]

Just wanted to note that retirement plans are in crisis all around the world. Longer lives and lower natality are putting high pressure on the sustainability of public pensions in Europe. Private pensions also face longevity and interest rate risks and they transfer them to us. Retirement systems need to be redesigned in the face of the changing demographics

[@asadb1990]

the uncertainty of youtube earning makes me glad i have a steady corporate job. most banks in canada give a hard time to self employed folks for the smallest loans.

[@mouseluva]

You guys make me feel less hopeless about capitalism

[@ohrwein7154]

6:24 wait, does this mean John will never be sponsored for his love for diet Dr.Pepper?

[@SezShares]

Ohrwein Gray area. Diet. No sugar. 😂

[@Bee-nw6df]

I would still totally support a diet Dr.Pepper spon it would be hilarious

[@evancrane3015]

Story of that 5k grant giving the impetus to start TFD sounds like an argument for UBI

[@shakiras5679]

Evan Crane that’s exactly what I thought, lol. Knowing Andrew Yang and UBI has changed my mind frame on everything.

[@MikeLOldham]

Nonsense.

[@techkid6gaming]

I think this is more of an argument for the status quo, where larger *companies* making investments and giving grants into smaller *companies* is how things currently work.

[@andrewlazenby6598]

Nope, it’s an argument for looking for people with good ideas and investing in them.

[@laurenconrad1799]

Fantastic video! I love that you and Hank were able to professionally break up in such a nice way and that you fully acknowledge that it often isn’t that nice. I’ve had several painful professional breakups (not youtube related, just regular jobs) and they stink. But I’ve also had some amazing freelance jobs where the job ended as planned and I got a great experience in the end.

[@HappyJackieP]

Hank talking about Grace Helbig and his involvement in trying to help her is something I’ve never heard before, yet another reason to love Hank!

[@d14551]

I so agree, that if 401Ks are worthless at some point, there will be many more critical disasters to deal with. It's smartest, I think, to count on what Chelsea talked about - a somewhat crazier situation that has still, in large part, followed a linear patter of growth.

[@madisonmcknight2591]

Very very very on board with what they were saying about retirement being attached to the stock market. Its a fucked plan.

[@MzShonuff123]

I don't think I've ever heard Hank curse. Ever. I LOVE IT.

[@CDOro]

Whatever 15:52

[@carriemoon-dupree7875]

As a retiree with no pension - you are so totally right. I worry for my children and grandchildren

[@LizaBoltonNZ]

Really enjoyed this conversation! Thanks for making this type of video. Best break up ever ;)

[@lilyz646]

Ahhh I just listened to the new podcast episode on Dear Hank and John and this showed up on my suggestion page on KZbin

[@thefinancialdiet]

You may also like our most recent video with Hank: kzbin.info/www/bejne/mH7doXqEp5J4jpo

[@whitneykaye]

HANK TEACHES ME CHEMISTRY 😃 THANK YOU SO MUCH GOOD SIR

[@deadbeatboy]

OH MY GOD HANK!! You already did 2 interviews!??!?!

[@MelannieHay]

I'd love for you to look at the Superannuation system implemented in Australia. Government mandated but investnent supplied by employment based on the individual.

[@gameworkerty]

Have you ever considered converting your business into a democratic worker co-op? Would you think about doing an interview with someone who has?

[@bubblegum5608]

The volume is so low on this video! and i have my computer to the max volume

[@jenniferbeck5658]

This was great, and I was going to upvote it at the end - and then Chelsea repeated after Hank in a tiny voice "hit me with it," and I thumbed it up right then.

[@poposterous236]

"I can put a yacht on the yacht on my yacht." That's a life goal.

[@anamazariegos3414]

This is a fantastic video. I loved the openness of acknowledging the role of government in economics. I'm here for the Keynesian vibes.

[@laurentraylor7807]

12:40 Hank talking about retirement in this video is perfectly aligned with the work the sustainable economics law center is doing right now! They just started a program where you can self direct your retirement money to local causes rather than putting the money into wall street.We can do something different rather than just complain about wall street.

[@Spainog]

This scalated to a political level really quickly!!! I LOVE IT

[@qwertyTRiG]

Why is this video so quiet? It's pretty hard to watch.

[@jbart4183]

Chelsea, you are glowing 😍♥️

[@GuilhermeHarrison]

Please, Hank, I've been asking for ever! Please start a podcast (or YT channel, or Crash Course, or anything) about business! Specially for people that are not the "business types", that might be afraid of it, that might be outcasted by the current landscape, for people that don't have much money. I'm self employed for years now and, much due to your influence, have been seeking to be able to hire people, to be fair and a force of good in my community from within the structures of our society instead of outside it. However I've not been that successful in part because I had an upbringing of being a employee.

[@LauraSomeNumber]

I love Hank talking about money.

[@deborahcastro5530]

This was absolutely wonderful, Chelsea. One of the best things I've seen on KZbin!

[@CourtneyDowellOfTarth]

I would love you to do more videos/interviews on starting businesses, not necessarily internet businesses either

[@mikeg9b]

17:52 That's why salaries should be public information. In the military, if you know how many years of service someone has, you can look at the rank insignia on their uniform and look up their salary in a military pay table. www.dfas.mil/militarymembers/payentitlements/Pay-Tables/PayTableArchives.html

[@TinaJackson]

16:09 - YES!!! My husband and I were discussing this very thing the other day!

[@amg1591]

GREATEST CROSSOVER EVENT OF ALL TIME

[@xzonia1]

I'd love to make my own successful KZbin channel and live off the money from it, but I wouldn't even know where to begin. I've thought of many ideas over the past few years, but none of them really seem "viable."

[@sjspurlock1784]

This was so uplifting to watch. Thanks!

[@fannyforfun3670]

Tip: There are youtube videos on how to negotiate brand deals, here on youtube. You don't even have to leave the platform to find the information! :p

[@faeoori]

Hearing Hank curse had my exclaim "ooo" out loud.

[@katiek.982]

I so wish the world had more bosses like Hank and Chelsea. I guess this might mean I need to *become* a boss like Hank and Chelsea...

[@Margaretfogs]

Throwback to Grace's old channel! That was such a shame that they kept all of her content like that. I wish I could watch them again but don't want to give them a cent.

[@nicolelandreth779]

What’s your opinion or advice on online banks like Aspiration, who explicitly doesn’t invest its customers dollars in fossil fuels/carbon polluters? Are those more sustainable models?

[@dehoestendeavonturier5450]

Gosh I just love you guys. Thanks for creating and sharing your knowledge!!

[@Selambehere]

He seems like a great Human being!

[@cattate1492]

15:50 - 15:54 😂 my ribs hurt from laughing. Hank, just tellin it like it is...

[@calico27]

HANNNNKKKK!!! on TFD!!!! ok, i am an absolute fan of SciShow.. and i watch TFD once in a while. Totally love the Green Bros!!!! PS: Love him on twitter!

[@HaleyFletcherTV]

2 of my favorite humans. Love it.

[@KillCoMentalMusings]

As a guy who has been watching Vlogbrothers nearly since the beginning I did want to hear about how these two are riding their roller coaster success. DFTBA is perfect and the symbol was a huge selling point for me, my parents wedding toast was unsurprisingly "Live long and prosper"(LLAP) so I was a geek before I was even born it seems. I am just making my own path on KZbin as just a whiskey guy who is a complete dork playing PC games to cope with his life? I would love to talk with Hank or John in person someday but I am stuck on the east coast and I don't make any real income from my channel yet. Being on disability and simply having severe mental disabilities. My enjoyment of whiskey actually helped me STOP drinking as much as I had been. I was using it to self medicate as all the pills I have tried over nearly a decade did not help me cope with my issues. The final straw was realizing after a blood test that they had been damaging my liver levels I do hope to freely talk about my medical cannabis journey at well someday since it honestly also helped me gain control over my life again. Both Hank and John have had to cope with growing up in American culture with disabilities, and they have come out the other side. I too am doing what I can to get my life back together, I too love making money but I don't want it to be my motivator to create anything. I am making videos and streaming because it's fun, as someone mentally disabled I cannot hold a normal job nor can I start making lots of money per month (I cannot make more than $1000 a month or I lose my monthly disability check to survive). I am not doing anything online for profit, I do it because I enjoy it. If someday I can make some sort of income from that too. Well I think that is what being successful actually should feel like. LLAP, DFTBA

[@seanwalsh5717]

12:21 This is where the conversation gets really interesting about morality and the sustainability of tying retirement to capitalist institutions instead of democratic institutions.

[@Trashplat]

I'm really intruiged by the "Professional breakup" part of the title. What's going on there?? :o

[@BudgetGirl]

TFD used to be in the umbrella of Hank's network corp. They no longer are.

[@laurablankenship3567]

This just made me ♥️ TFD more! Hank + Chelsea made my day!

[@nilandax0]

Thank you for this conversation!

[@krishakynatabang7639]

very healthy discussion about money!

[@olwenpuralena4576]

Love this video!! Very sensible and helpful. Thank you.

[@J122GFREY]

How much money is enough to retire on?

[@PaolaCucurullo]

I REALLY like this video and couldn’t even tell you why...

[@DavidWilson-sm2ym]

I like THIS Hank Green! Roar!

[@yarrendrag]

Love the content from both of you. However, I do not agree with companies or the government being responsible for any of my benefits or my retirement. Financial Education needs to improve drastically in this country.