BiggerPockets Money Podcast

485: How to Start Thinking, Acting, and Investing Like the Rich

6 snips
Dec 29, 2023
Vivian Tu, former Wall Street trader and author, discusses the tools and mindset of the rich. Rich people make money while they sleep by having their money work for them. She emphasizes the importance of investing early and how to think like the wealthy. Also, the benefits of buying real estate in cold weather are explored.
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ANECDOTE

Vivian's Money Upbringing Story

  • Vivian Tu grew up with immigrant parents who were expert savers, teaching her the value of money.
  • In college, she made some money mistakes trying to impress others but later learned investing from her mentor on Wall Street.
INSIGHT

Financial Literacy Is Essential

  • Financial literacy is critically missing from schools, leaving many types of people disadvantaged.
  • It's never too late to learn about money; learning benefits both you and your family.
INSIGHT

Rich People Know Their Value

  • Rich people possess a healthy sense of entitlement to negotiate and maximize value.
  • They understand their worth and are comfortable asking for and getting what they deserve.
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