NEW YORK (AP) — Are you intimidated by personal finance? Vivian you want to help.
Tu is best known for her TikTok account, “Your Rich BFF”, where she creates entertaining videos about personal finance. Topics include how to negotiate your salary and practical tips for dealing with credit card debt. Tu, who calls herself “your favorite Wall Street girl,” has 10 million followers on social media and has published two personal finance books.
Born and raised in Baltimore, Tu often connects her interest in personal finance to her upbringing as the daughter of Chinese immigrants. His parents raised him to be frugal and appreciate money since childhood, but it wasn't until a few years into his corporate career that he realized he had a passion for the subject.
Tu graduated from the University of Chicago and then began his career as a trader for JPMorgan in New York. After leaving Wall Street, he worked in sales at BuzzFeed for a few years. In late 2021, Tu started her TikTok account, which has 2.7 million followers to date. She came up with the idea because she was always giving personal finance advice to her coworkers.
She also hosts a podcast, “Networth & Chill,” and was recently appointed as the Head of Financial Empowerment for fintech and banking platform SoFi. His most recent book, “Well Endowed,” was published this month.
From avoiding overspending to getting started on your investing journey, here are some of TU's top personal finance tips:
That said, finances are one of the most important conversations you can have with your significant other. talking about money This can be scary as a couple, but it's important for your future. While many people wait until they get engaged or married to talk about finances, TU advises you to start as soon as possible.
“Start early, start often. I always say you have to talk about money on the first date,” she said.
TU recommends starting conversations with fun questions. One is “If I gave you $100,000 tomorrow for your dream two-week vacation, what would you do?” If, for example, one person wants to spend money on excursions in nature and the other wants to spend it on an expensive resort, this reflects a discrepancy in lifestyle priorities.
Conversations about finances can be fun and may provide insightful lessons about your partner's financial values and goals. But conversations about money shouldn't be intense from the start; They can evolve like your relationship.
overspend Saving for an emergency fund can get in the way, or worse, it can put you into credit card debt. To avoid this, Tu recommends stopping and asking yourself why you're making a purchase.