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March 13, 2024By Paula Pant

#493: Wall Street Secrets, with Your Rich BFF Vivian Tu

Do you ever wonder what happens behind closed doors on Wall Street?

Vivian Tu, also known as Your Rich BFF, is here to spill the tea.

Vivian grew up in a modest immigrant family. After college, she found herself working insane hours on Wall Street after college.

While working on Wall Street, Vivian saw some weird things.

Once, a coworker stumbled hungover into the office after a trip to Atlantic City, carrying a duffel bag with thousands of dollars in cash inside.

Vivian realized that there’s a group of high-income and high-net-worth people who handle money in drastically different ways than she learned in her frugal upbringing.

She learned about investing, taxes, legal loopholes. She discovered new ways of thinking about money.

She shares these insights — gleaned from her Wall Street days — in today’s podcast episode.

Discussion Timing as of March 2024:

01:10: Introduction to Your Rich BFF

08:38: The power of mentorship

11:16: Moving away from scrimping and savings

15:03: When it’s ok to break the rules

16:03: When it’s ok to NOT do as your told – and what to do instead

17:10: Habits that we can learn from the rich

22:30: Money and the abundance mindset

25:32: The best skills to have in the workplace

32:02: Rules around sides hustles

40:00: Debt is not a four letter word’

51:37: How to calculate the value of a purchase

Resources mentioned:
Rich AF: The Winning Money Mindset The Will Change Your Life | Book

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#494: My Husband Makes Double My Income, But Saves Nothing! Should I Be Worried?
Next Newer Episode »
#492: How Does Side Hustle Income Affect Retirement Contributions?
Next Older Episode »

Posted in: Episodes, FIRE, Investing, Personal Finance 101, Road to MillionsTagged in: financial freedom, financial independence, financial independence strategies, investing, personal finance, savings strategies

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Afford Anything

  • Start Here
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