In today’s day and age, everyone is trying to get ahead financially. But what are the best ways to do it? With nearly 80% of adults seeking financial advice from social media, in which 74% of that content is filed with either ‘dangerous’ or ‘unregulated’ financial advice according to a study by MoneySuperMarket, how can people build their wealth and do it safely? Is there such a thing as a ‘wealth hack’ and can people actually do them? The short answer is yes! We get into it.
In this week’s episode of Money Glow Up, our host Tiffany Aliche speaks to Vivian Tu, Founder and CEO of Your Rich BFF, about the good and bad of financial literacy on social media and the reality of seeking legitimate advice on how to build your wealth. “It’s important to vet who you’re following, who you’re listening to, and know that they’re not going to encourage you to do something that could get you into a lot of trouble,” Tu stresses.
As for hacking herself into wealth, Tu reveals some of her favorite tips and tricks everyone could and should do in order to build their wealth.
Tiffany Aliche creates a space to share real and inspiring money stories, learn financial fundamentals, and build your future. Step into the classroom with Money Glow Up with Tiffany Aliche—aka The Budgetnista—to jump-start your financial journey.
Have a money story of your own? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com.
Find this episode's transcripts and more episodes of Money Glow Up at http://finance.yahoo.com/videos/series/money-glow-up/.
2:53 - 3:05 What is a wealth hack?
5:30 - 6:45 Identifying bad wealth hacks
7:32 - 12:22 Tu’s Top Three Wealth Hacks
12:53 - 14:09 Tu’s Wealth hack that changed someone’s life
14:18 - 19:29 How Tu went from Wall Street to a media star
19:45 - 21:33 The new faces of financial education
21:35 - 23:00 Takeaways
Vivian Tu is a former Wall Street trader turned expert, public speaker, host, entrepreneur, New York Times bestselling author and founder and CEO of the multi-platform brand, Your Rich BFF.
Yahoo Finance's Money Glow Up is hosted by Tiffany Aliche, and produced by Lauren Pokedoff, with this episode co-produced by Rachael Lewis-Krisky.
