Afford Anything Your Rich BFF, Vivian Tu: Wall Street's Dirty Little Secrets [GREATEST HITS WEEK]
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Dec 26, 2024 
Vivian Tu, a former Wall Street trader and creator of "Your Rich BFF," breaks down what really goes on behind closed doors in high finance. She shares quirky tales from her Wall Street days, like a colleague showing up with a duffel full of cash. Vivian discusses the stark contrast between her frugal upbringing and the extravagant habits of the wealthy. She emphasizes the importance of financial literacy, emergency funds, and viewing debt as a tool rather than a burden, all while equipping listeners with insights to navigate their own financial journeys.
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Expensive ER Visit That Validated An Emergency Fund
- Vivian cut a piece off her finger making a sandwich and spent a night in the ER with a $16,000 bill.
- Her $1,300 insurance responsibility came from an emergency fund she had saved ahead of time.
High-Risk Client Entertainment Paid Off
- A junior sales guy took a client to Atlantic City on a private jet, returned hungover with $35,000 cash, and underperformed at work.
- His lavish client entertainment paid off as the client sent him large trade orders for weeks after.
Talk Openly And Model Real Behavior
- Talk about money openly and learn from what wealthy people actually do, not what they say.
- Use conversations about money to reduce intimidation and improve your financial habits.