457: Money and Relationships: How to Have “The Talk” Before It’s Too Late w/Vivian Tu AKA “Your Rich BFF”

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 9 October 2023

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Vivian Tu, AKA “Your Rich BFF,” is the internet’s expert on money and personal finance. She was doing schoolyard trades before she worked on Wall Street, and now, as the host of Networth and Chill, she talks about the much more profound aspects of finances. Stuff like love, marriage, happiness, and when to ditch another date with someone who could put you in financial ruin. Americans tend to think with their hearts and less with their heads when finding love. The problem with that logic? Money is usually the single-largest reason for divorce, so if your partner doesn’t have their money right, your relationship could be rocky. So, how do you know from the jump if someone is financially savvy enough to build your life with? And, if you already have a partner, what do you do if they’re not in the financial spot you need them to be in? In this episode, Vivian walks through the financial red flags you should look for on a first date, questions to ask to see how a potential partner is doing financially, the BIGGEST money mistake in relationships, and how to start financial planning together so you can live a happier, healthier, and wealthier life. In This Episode We Cover The biggest money mistake that most couples make (and how to fix it NOW) Money questions to ask on a first date (they won’t know you’re asking about money...) The mandatory “money date” that Vivian and her partner regularly have Make a change or break up? What to do when your partner isn’t on the same financial path as you Financial planning as a couple and accomplishing your biggest financial goals together And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Amanda's Instagram Amanda's Website Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Listen to The Real Estate InvestHER Show Join The Real Estate InvestHER Community on Facebook Money Moment 16 Money Skills They Didn’t Teach You in High School Divorce: The Biggest Marriage and Money Mistakes to Avoid Smart Money Mamas’ Emergency Binder Click here to check the full show notes: https://www.biggerpockets.com/blog/money-457 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hello, my dear listeners, and welcome to the Bigger Pockets Money Podcast, where we talk
0:05.0	money and dating with Vivian too. My Rich BFF.
0:09.2	Hello, hello, hello, my name is Mindy Jensen, and with me today is the She Wolf of Wall Street
0:14.2	Amanda Wolf. Amanda, I'm so excited you can join me. I'm so excited to be here. It's
0:19.5	always lovely to talk to you, and it's always lovely to have you in the co-host position,
0:24.2	so thank you so much for your time. Amanda and I are here to make financial independence
0:28.7	less scary, less just for somebody else. To introduce you to every money story because we
0:34.3	truly believe financial freedom is attainable for everyone, no matter when or where you're starting.
0:40.2	Whether you want to retire early and travel the world, go on to make big-time investments in
0:44.3	assets like real estate or start your own business. We'll help you reach your financial goals
0:48.3	and get money out of the way so you can launch yourself towards your dreams. Let's move on to our
0:52.5	money moment where we share a money hack tip or trick to help you on your financial journey.
0:57.2	Today's money moment is one that might seem a little bit obvious, but check your credit report
1:03.2	regularly. This is a good way to make sure there isn't any fraud and to keep track of your credit
1:08.3	score and your financial progress. And it's important for a few reasons because fun story,
1:13.9	not so fun story, because last year I was almost a victim of identity fraud. So luckily I had signed
1:20.9	up for all of the credit report alerts and I got an alert that I had signed up for a new credit card
1:26.9	did not went on and realized that it's actually kind of like a free for all of somebody has your
1:32.6	information to apply for any type of credit. So my tip on top of all of this would be to
1:39.4	freeze your credit with all three of the main credit bureaus, experience, trans union, and aquifax.
1:45.5	So that is free to do. You just go on to their site, they'll try to sell you stuff along the way,
1:49.6	but it's free to do. Just hit that freeze button and then the next time that you personally want to
	...

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