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https://www.biggerpockets.com/podcasts/money
episode 485: How to Start Thinking, Acting, and Investing Like the Rich
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
How to go from broke in your 50s to millionaire (or multimillionaire) in your 60s
Lifestyle creep and why a high income is dangerous for most Americans
How to reverse your “spend first, save last” mindset and start investing for your future
The “wake-up call” that caused Becky and Bill to change their financial mindset
Whether or not it’s ever “too late” to retire (and what to do if you’re there)
Becky and Bill’s advice for those that are broke in their 40s, 50s, or 60s
Why you should NEVER buy a boat
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
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