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256: How to Make Money and Get Rich with Your Rich BFF, Vivian Tu

65 min • 7 augusti 2024

In this episode, I sit down with author, CEO, and founder of Your Rich BFF, Vivian Tu, to discuss all things money and how we can break down the mental barriers around finances that are holding us back. Vivian and I discuss shared experiences from when we worked on Wall Street and talk about the mind-blowing mentality around money we witnessed, and she shares the moment that made her decide to leave the industry for good. She then dives into actionable tips and advice for parents wanting to set up generational wealth for their children, how people with student debt can approach paying it off in a feasible way, and how we can reframe the mindset around budgeting and implement the 50-30-20 method. We also talk about lifestyle inflation, why social media is fueling the competition hamster wheel, why knowing your values around what you’ll spend more on versus what you won’t is incredibly important, and much more.

Key Takeaway / Points:

Trauma bonding about our time on Wall Street
On the mind-blowing mentality around money we witnessed
The moment that made Vivian decide to leave Wall Street
How Vivian began educating people on finances
Vivian’s tips for parents wanting to set generational wealth up for their children, from establishing credit to 529 plans
On the shameful stigma around student debt and how to approach paying it off
On reframing the mindset of budgeting and the value of the 50-30-20 method
On lifestyle inflation and spending more as you make more
On why social media is fueling the hamster wheel of competition
On knowing your values around what you’ll spend more on vs. what you won’t
On approaching bachelorette trip spending as both the bride and bridesmaid
Vivian’s tips for making quick, easy tips on saving

This episode may contain paid endorsements and advertisements for products and services. Individuals on the show may have a direct, or indirect financial interest in products, or services referred to in this episode.

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Follow Vivian:

Instagram: @your.richbff

TikTok: @yourrichbff

Website: https://www.yourrichbff.com/

Book URL: richaf.me

Follow me:

Instagram: @cameronoaksrogers