Vivian Tu, also known as "your rich BFF," shares her insights on personal finance and wealth-building. She emphasizes the importance of focusing on increasing your earning power rather than just saving money. Vivian discusses her journey from working on Wall Street to becoming a successful salesperson in tech and media. She also shares tips on legally avoiding taxes, the value of investing in index-tracking ETFs, and the power of creators in today's digital landscape. Vivian's goal is to help people achieve financial independence and create a better future for themselves and their families.
Don’t forget to help us grow by subscribing and liking on YouTube!
Check out more of Eric’s content (Leveling UP YT) and Neil’s videos (Neil Patel YT)
TIME-STAMPED SHOW NOTES:
-
(00:00) Vivian Tu shares her goal of being rich and desired wealth.
-
(06:00) Focus on increasing earning power rather than saving.
-
(07:16) Importance of learning and being selfish in job choices.
-
(09:50) Vivian's mom's reaction to her leaving JPMorgan.
-
(11:53) Tax-saving strategies: retirement accounts, mortgage interest, tax credits.
-
(14:28) Why do rich people buy high-end fake bags?
-
(16:04) Women providing for themselves and investing.
-
(20:16) Being flexible in partnership roles.
-
(21:10) Vivian's portfolio consists of index-tracking ETFs and target-date retirement funds.
-
(21:51) Slow and steady investing is recommended for most people.
-
(22:13) Chinese culture associates investing with luck and gambling.
-
(23:41) Vivian wrote a book to provide a comprehensive guide to personal finance.
-
(25:09) Vivian's business made $3.2 million.
-
(27:20) Vivian feels more fulfilled making $300k from her business.
Go to https://www.marketingschool.io to learn more!
Leave Some Feedback:
-
What should we talk about next? Please let us know in the comments below
-
Did you enjoy this episode? If so, please leave a short review.
Connect with Us:
See omnystudio.com/listener for privacy information.
