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

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 29 December 2023

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Everyone wants to know how to get rich. And here’s the truth: getting rich might be much easier than you think. While most people would assume the wealthy grind their way to success, this isn’t always the case. In fact, rich people are FAR lazier than you think, and we’re not saying that in a bad way. Rich people make money while they sleep, so they don’t HAVE to work harder every day. Want to know how you can do the same? Vivian Tu, AKA “Your Rich BFF,” will show you how! Vivian grew up with super-saver immigrant parents who taught her the value of money. When she went off to college, she realized a whole new world of wealth existed—this was only multiplied when she became a Wall Street trader. Vivian saw the fancy suits, the designer bags, and the jewel-studded bracelets and realized that these “rich” people were doing something most people didn’t know about. After her friends and coworkers wouldn’t stop asking her for financial advice, she decided to take her knowledge to the masses. In her new book, “Rich AF: The Winning Money Mindset That Will Change Your Life,” Vivian details what the rich do that you (probably) don’t. These habits of the wealthy can change your life and upgrade you from the position you’re in now. In today’s episode, we talk about the tools you can use to get rich, why you’re playing real-life Monopoly all wrong, and how rich people think to build wealth even when they’re not working. In This Episode We Cover Habits of the rich that most Americans have no idea about Why you need to STOP saving money and start doing this instead Financial literacy for all and how to start learning the money game even if you think it’s too late Asking for raises, job hopping, and how to start getting paid what you deserve The ONE place you should put your cash that could be making you extra money every month And So Much More! Links from the Show BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Hear Our Last Interview with Vivian on Money and Relationships 5 Habits of the Wealthy That Helped Them Get Rich Click here to check the full show notes: https://www.biggerpockets.com/blog/money-485 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 listeners and welcome to the BiggerPockets money podcast where we interview Vivian 2 from Networth and chill and talk about her new book, Rich A.F.
0:10.6	Hello, hello, hello, my name is Mindy Jensen and with me today is the shewulf
0:15.0	the wolf of Wall Street Amanda wolf Amanda I'm so glad you could join me today
0:18.8	thanks for having me I'm excited to be here I always love talking to you Amanda. Yeah. Amanda and I are here to make
0:24.4	financial independence less scary, less just for somebody else to introduce you to
0:29.7	every money story because we truly believe financial freedom is attainable for everyone no matter when or where you're starting
0:36.8	whether you want to retire early and travel the world go on to make big time investments and assets like real estate
0:41.9	or start your own business
0:43.2	will help you reach your financial goals and get money out of the way so you can
0:46.5	launch yourself towards your dreams. Okay, Amanda I am so excited to talk to Vivian today
0:51.5	because she has a great framework for not only becoming
0:55.6	rich, but also a great way to think about being rich and growing your wealth and ways
1:02.2	to invest so that you can join the Rich People Club too.
1:05.6	Yeah, and you know I loved her book so much and I'm so excited to talk to her because I think that she had a really refreshing unique spin on money mentality stuff and
1:16.0	thinking rich and you know I'm a total like self-development money junkie I read all the books and I really liked the way that she broke things down she broke things down in a lot of analogies and storytelling which I find really helpful for me to retain information so I'm super excited to talk to her today I
1:33.3	thought her book was awesome exactly yeah this is a really engaging book and I'm
1:37.1	excited to talk to her but before we bring in Vivian let's take a quick break
1:41.2	the dream of owning a vacation home can be daunting from finding the best
1:45.1	guests to the maintenance to organizing the cleaners after every guest day. With Vakasa, they make that dream
1:50.7	into a reality as a full-service vacation home management company with vacation homes and key destinations across the US,
1:56.9	they know a thing about how to make owning a vacation home easy and profitable.
2:00.4	On top of proactive property maintenance visits by professional local teams, a hospitality-driven booking platform, and around the clock support, Vakasa earns homeowners an average of 20% more revenue from their vacation homes. Vakasa is always thinking of ways to simplify the vacation home owning experience
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