Episode #457
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.
Show Notes at:
https://www.biggerpockets.com/blog/money-457?utm_source=youtube&utm_medium=description&utm_campaign=none
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16 Money Skills They Didn’t Teach You in High School:
https://www.biggerpockets.com/blog/biggerpockets-money-podcast-126-scott-mindy?utm_source=youtube&utm_medium=description&utm_campaign=none
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Divorce: The Biggest Marriage and Money Mistakes to Avoid:
https://www.biggerpockets.com/blog/money-364?utm_source=youtube&utm_medium=description&utm_campaign=none
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Smart Money Mamas’ Emergency Binder:
https://smartmoneymamas.com/smart-money-holiday-gift-guide/emergency-binder/
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Connect with Vivian:
Instagram: @your.richbff or https://www.instagram.com/your.richbff/
Podcast: https://www.yourrichbff.com/networthandchill
Website: https://www.yourrichbff.com/
YouTube: https://www.youtube.com/@YourRichBFF
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Connect with Amanda:
Instagram: @shewolfeofwallstreet or https://www.instagram.com/shewolfeofwallstreet/
Website: https://shewolfeofwallstreet.com/
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Mindy: https://www.biggerpockets.com/users/mindyjensen?utm_source=youtube&utm_medium=description&utm_campaign=none
00:00 Intro
00:51 Money Moment
03:49 The Schoolyard Day Trader
07:47 The Biggest Financial Dating Mistake
11:40 When to Have the "Money Talk"
15:15 Have a Partner Already?
24:32 Will Your Financial Love Last?
30:23 Financial Planning TOGETHER
36:31 Connect with Vivian!
36:55 Talk MORE About Money