The Money Mindset Shift Every Woman Entrepreneur Needs
There are more men named John running Fortune 500 companies than there are women. Total. Let that sink in for a second.
That's just one of the things Vivian Tu, aka Your Rich BFF, dropped in this episode that made me go, wait, what? She went from being told she was "too girly for Wall Street" to becoming one of the most trusted voices in personal finance. And the way she breaks down money will make you rethink everything you thought you knew.
We get...
The Money Mindset Shift Every Woman Entrepreneur Needs
There are more men named John running Fortune 500 companies than there are women. Total. Let that sink in for a second.
That's just one of the things Vivian Tu, aka Your Rich BFF, dropped in this episode that made me go, wait, what? She went from being told she was "too girly for Wall Street" to becoming one of the most trusted voices in personal finance. And the way she breaks down money will make you rethink everything you thought you knew.
We get into why women who are crushing it in business still let their money sit in a savings account earning 0.39%, the simple equation that tells you whether something is actually worth buying, why women fight over 2% of the pie when there's 98% sitting right there, and how to stop working around the clock and let your money do the work instead. Vivian also gets real about running her business at a sprint pace for years and what she's doing to finally build something sustainable. This is the money conversation I wish I had ten years ago.
CHAPTERS:
00:00 "Money Truths with Amy Porterfield"
05:39 "Growing Wealth and Money Mindset"
13:42 "Leaving Wall Street and Identity"
19:05 Work Ethic and Efficiency
22:26 "Scaling Up: Hiring Strategically"
28:22 "Leveraging Technology and Lessons"
33:04 "Investing: Money Works for You"
41:43 Redefining Richness and Values
46:21 Why Women Struggle to Celebrate Success
51:56 "Focus on Profitable Ventures"
56:26 "Get Rich, Stay Rich Framework"
01:01:02 "Mastering Life's Biggest Finances"
HERE ARE THE 3 KEY TAKEAWAYS FROM THIS EPISODE:
1️⃣ Separate Your Business and Personal Finances – As soon as you start making real money, set up a business entity that's fully separate from you. Your dry cleaning bill should not be on your business credit card. This protects you and sets you up to scale.
2️⃣ Stop Letting Your Money Sit in a Savings Account – A regular savings account earns you almost nothing. Once you have your emergency fund set, your money should be working for you through investments. Your labor earns you capital. Your capital makes you rich.
3️⃣ Value Purchases in Time, Not Dollars – Before you buy something, divide the cost by your hourly take-home pay. That $100 pair of yoga pants might cost you five hours of work. Is it worth it? This simple equation helps you spend strategically and without guilt.
RESOURCES MENTIONED IN THIS EPISODE:
Well Endowed by Vivian Tu (available wherever books are sold)
Ask Dolly
ManyChat
Follow Vivian Tu (Your Rich BFF) on Instagram
MORE FROM ME
Follow me on Instagram @amyporterfield
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