Networth and Chill with Your Rich BFF

Friends & Finances - How to Maintain Important Relationships

Dec 18, 2024
Carol Wu, a childhood best friend of Vivian Tu, shares her insights on how finances can impact friendships. They discuss the different types of financial 'frenemies' and how to recognize those who might drain your wallet. The duo reflects on their upbringing and how childhood experiences shaped their financial attitudes. They tackle the challenges of bill-splitting, the importance of transparency in financial matters, and how to maintain strong bonds amidst varying income levels—a must-listen for anyone navigating friendships in a money-driven world!
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ANECDOTE

Venmo Horror Story

  • Vivian had a friend who Venmo charged her $8 for light bulbs.
  • The friend's reasoning was that Vivian also enjoyed the light.
ANECDOTE

Earliest Money Memories

  • Carol's earliest money memory involved her grandfather advising caution due to potential financial tightness.
  • Vivian's involved awareness of money due to her parents' frequent discussions about finances.
ANECDOTE

Childhood Spending Habits

  • Vivian recalls childhood mall trips where her parents would comment on her spending habits.
  • Carol says her parents did not comment, attributing her current consumerism to having her own money as an adult.
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