Unlock Your Financial Freedom: Getting Rich with Vivian Tu

On today’s episode, Valeria welcomes Vivian Tu, better known as Your Rich BFF online. Vivian is an ex-Wall Street Trader, Strategy Sales Partner at a Tech company, and the face of YourRichBFF. She started YourRichBFF as a passion project to share digestible lessons on financial literacy and lifestyle. Since then, she has built a community of over 2,500,000 besties helping one another get rich and stay rich. Together, Valeria and Vivian dive into how being smart about money is not just a practical skill; it's a cornerstone of a secure and fulfilling life. They also explore the belief that financial literacy empowers individuals to make informed decisions about budgeting, saving, and investing, and fosters a sense of control over one's economic stability.

Vivian’s book is available now! Order here: Rich AF: The Winning Money Mindset That Will Change Your Life

You can find Vivian on:

What We Talked About:
00:00 Intro
00:21 From stock market trader to full-time content creator
03:55 Having the sense of belonging to the society of rich people
06:03 The mindset of rich people and how they handle money
11:17 Not all debt is bad
16:39 “How I lost $4000 to break off a lease.” - Do the STRIP method
23:23 The truth about having emergency funds
28:27 Everything, when comes to finances comes down to time
31:48 What is an FU number?
34:57 The influencer lifestyle and being smart with money
39:45 What in your workplace can and cannot be changed?
42:17 How does the Brag Book works
45:05 Asking for a raise isn’t being greedy if you deserve it
47:36 Two things to remember when negotiating
54:22 Handling finances while in a relationship
58:25 Money is just a medium for what people value
01:00:00 Who pays for the first date?
01:03:06 “You aren’t bad with money, you weren’t thought about it”
01:05:33 Money can buy you the ability to be happy

#valerialipovetsky #notalone #podcast

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[Casey-summer]

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

[Aarrenrhonda]

Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.

[sirheisenberg]

Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?

[Markscott]

The average social security check is $1827 a month. The worst part is 22% of Americans have less than $5k saved for retirement. Start investing now! Nobody is coming to save you

[dietzyfly]

I literally just deployed my FU money!! As a 56 year old woman, I have spent the last 20 years or so living a frugal (but extremely rich in my mind!!) lifestyle---focusing on amazing solo travel all around the world and my health. I have lived well below my means but have never felt lacking---and invested and saved. For many reasons I was recently being pushed out of my decade-long position at work, and before they could terminate me, I pulled my ripcord and bailed. It was SUCH an amazing feeling to have the power to make the decision before they made it for me. I had enough money to take an early retirement (though I will likely work in the future) and embark on an adventure I have dreamt about---walking across America with my dog! I implore all of you to do what you can to make your life yours. Start now!!!!

[ingababy]

Being DEBT FREE is so important. When you have no debt you can SAVE and INVEST more.

[Stephine-unzs]

Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.

[CameronFussner]

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol.

[graywilliams_.]

Its quiet interesting how we reject the reality of our situation and expect to be able to observe it, control it and even change it. I used to be financially depressed until I read a book that made me realized that the secret to making a million is making better investments.

[Riggsnic_co]

Rate cuts commence in June 2024, taking 6-8 months to complete. A potential crash, if any, might occur by March 2025. The soft landing narrative is gaining traction, making this big recession everyone is calling for less likely. With $1 million from a business sale, I'm seeking profitable investment opportunities for the next 3 years.

[whirlpoolbook]

One can tell the guest speaker is a knowledgeable, solid, no BS, no fluffy stuff lady. Her advise and experience is very valuable. Not just marry an established guy who set up everything for you

[austinbar]

Though everyone loves the luxury lifestyle but many don't want to take the risk to invest or work for it.. Now's the best time to buy the dip and it's an opportunity that will grant you all the luxury you crave for.Very interesting content, i would also be glad if anyone here can explain a few things for me, this is 2024 and I believe it's my time to invest and shine for a better future.

[EMPOWEREDPINAYS]

This episode is not just informative but empowering! Ladies, we can do this! 🎉

[mayisms]

Years of watching finance videos, and this is the first time I've come across a video that's an all women panel chat that's informative and truly empowering. Can't believe it's taken this long to get here! Also, throwing my 2 cents in: on my first date with my now husband, I insisted on splitting the bill. He made double my salary at the time, but I insisted because it made me feel empowered as a woman. I think my husband liked me for that because he didn't feel like I wanted his money. I know that's not for everyone, but I'd do the same today! Anyway, thanks again for this video ❤

[ReubenAxelson]

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains.

[MiaDavis]

I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains with months, I'm really just confused at this point.

[AnastasiiaEger]

Such a great episode! Educational yet easy to understand with all the real life examples. I love Vivian’s attitude, she’s so confident & well spoken, it makes such a difference when you listen to “boring finance stuff”:) It’s so important to shed light on those uncomfortable topics like managing money in a relationship or asking for a raise. Just want to thank you for your work, absolutely loved it!

[toralayous]

Thank goodness you brought this up! Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 10 grand weekly and this has improved my financial life. Great piece!

[bridgetteteapp]

I love the way Vivian My type of woman

[javiertabira]

OMG, what a great interview, thank you for this. Coming from a poor immigrant family, getting myself to a middle class and trying to strive for the rich upper class, what Vivian said about my business meaning something, I am valuable and not looking down on myself for being middle class just made me appreciate the honor of being where I am now and made me reflect on just how far I’ve come from the dirt poor place that I came from. I won’t stop until I get to the place I see myself in my dreams.