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Lewis HowesWhat RICH People Understand That Poor People Don't | Vivian Tu
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65 min read · 12,501 words- 0:00 – 1:05:12
Intro
- VTVivian Tu
There's a study and it shows that the smartest person is not the one that gets paid the most.
- LHLewis Howes
Right.
- VTVivian Tu
Being smart and being the best employee gets you to a certain point. You need to be liked.
- LHLewis Howes
Bestselling author, the Taylor Swift of finance.
- VTVivian Tu
Personal finance educator, public speaker. She is Vivian Tu. Women who bring nothing more to the table than their good looks have a depreciating asset.
- LHLewis Howes
Eh.
- VTVivian Tu
I don't wanna say that.
- LHLewis Howes
Mm.
- VTVivian Tu
But it's true.
- LHLewis Howes
It is true.
- VTVivian Tu
I think there's gonna be a real painful, like, come to Jesus moment.
- LHLewis Howes
Welcome back, everyone, to School of Greatness. Very excited about our guest. We have the inspiring Vivian Tu in the house, who is a former Wall Street trader, financial expert, teacher, coach, podcaster, and now author of Rich AF.
- VTVivian Tu
Woo.
- LHLewis Howes
Which is all about, uh, the winning money mindsets that will change your life. Vivian, thank you for being here.
- VTVivian Tu
Thank you so much for having me.
- LHLewis Howes
Appreciate it. Appreciate it. I'm so excited because money is something that a lot of people struggle with. So many people struggle with it. Even when they have money, it's almost like they're more afraid of it, and they get more scarce. They don't know how to manage it. All these different things. Um, I'm curious though, for people that don't have money or feel like-
- VTVivian Tu
Yeah
- LHLewis Howes
... money is out of reach for them, is it possible for anyone to become wealthy or to become rich, or is it only for a certain mindset or a certain demographic of people?
- VTVivian Tu
Yeah. I think anybody who wants to have money, anybody who wants to have b- richness can get there. But it certainly is not as easy as everyone on the internet makes it seem. It's not, "Rah, rah, Amazon drop shipping. Rah, rah, wholesale real estate. Rah, rah, buy some life insurance," and you're good to go. Like, that's just not it. Um, and I think a big conversation that, like, we don't talk about is, like, proximity.
- LHLewis Howes
Mm.
- VTVivian Tu
Right?
- LHLewis Howes
Mm-hmm.
- VTVivian Tu
So, like, in my life now, I have many rich friends, and those rich friends provide me additional rich opportunities. So I got to go to the US Open on a bank's dime because my fiance worked with a guy who is at an investment bank, and he had four tickets. Took him, his wife, my fiance, and myself. Those tickets are thousands of dollars.
- LHLewis Howes
Right.
- VTVivian Tu
Like, they're very, very expensive. I have friends who had incred- an incredible accountant, had, you know, great team in terms of financials for business, and they were like, "You should talk to my team." That's how I got hooked up with my business manager. If you don't have that proximity to people who have money, who've done it, who played the playbook, how are you going to learn it?
- LHLewis Howes
Mm.
- VTVivian Tu
Because, sure, if you are a young person growing up low income and you want to make smart money decisions, work very hard in school, get good grades, do the American dream thing, and you go... You get into Harvard, okay? You get to Harvard, the rich kids still don't wanna be friends with you.
- LHLewis Howes
Why not?
- VTVivian Tu
Because you can't afford to split the table at the club on Friday night.
- LHLewis Howes
Wow.
Episode duration: 1:05:12
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