Are you going to be the first millionaire in your family?

[@xiphoid2011]

My parents and I came to the US as dirt poor chinese students. We used to live in the ghetto, but all of the STRIP mentioned are things we Asian Americans do already and more. So when my parented finished their grad school, retired as multimillionaires after working 25 years. They beat me to the millionaires status, but their teaching means I'm on track to out do them in total. Together, we built generational wealth despite being born and came to America dirt poor.

[@Dr.RickMarshall]

It’s a Lot of hard work and dedication and it’s possible. It’s great your family had a plan and knew what to do, particularly accomplishing grad school. The Awareness is Key. More people dirt poor need to be aware of the possibility as well as being aware of and education in every single step to get there. 💪🏾

[@BuzzRiya]

Yes, same exact story here. But my parents are from India. I hear you. 👏 Cheers to our parents. 🙏

[@xiamengbaby]

I might be the first millionaire in the family, but my brothers with their government pensions have a better retirement income.

[@crys313]

Great story, but keep in mind that for every success story out there, there are families who have tried their best and due to bad choices (hindsight 20/20), are not as wealthy/ have struggled. I know people who have immigrated and circumstances beyond their control meant they couldn't earn the way they'd intended. Financial compassion is key.

[@shwarma]

@@crys313true. My family has been successful but it’s more due to hard work and less about “working smarter not harder”. (I hope that makes sense…)

[@thelimitlesstech7343]

I was slow. It took me a few watches to realize S.T.R.I.P was the actual acronym 😂😂

[@catchingtrades4975]

"I would like to request a salary review " is a necessary phrase

[@aking1196]

😂😂 it's a good one.

[@kiyoponnn]

was? more like still are

[@ABAT58]

Very Knowledgeable, nice and generous lady. Thanks for advice.

[@rawanaljunaid3332]

Hi, do you have any advice for people who barley make day to day money for basic needs

[@Kellykittymom]

Exactly!!!

[@crys313]

This is the one component missing from this, not all salaries are created equal, and we all can't work in finance/tech/ white collar jobs. My advice, start saving super small and be grateful for the money you do have. Eventually, your circumstances will change. (Speaking from experience).

[@sueaceves2398]

Is there different jobs you can apply for? Because if your current job isnt cutting it and you cant move up to better pay then you need a different job.

[@charlottemunday7311]

​​@@sueaceves2398 rural life isnt great for that. Move? Cool, how do i save for a deposit when i have no excess due to being bled dry on minimun wage in the only job within 30 miles of my house? Commute? Cant afford the petrol, there is no bus... because we are rural. My village has 20 houses, all with same postcode and a village hall... thats it. Wifi is so bad we cant get jobs from home... cuss its rural.

[@dwill9256]

Yea Strip…

[@moonchildva]

Read your book. It was fun to read. Good stuff in there! Thank you!

[@snowangel92100]

Given the current economics, I might have to moonlight. Any idea for stage names?

[@cflat2511]

Best comment! 😂

[@sovenokk88]

I did all of these but it did not save me from job loss...

[@macummings7818]

Financial advice can't bulletproof your entire life, friend. 🤷‍♀️🤷‍♀️🤷‍♀️ It's only preventative.

[@ElleMonzon]

Sadly, that’s what the S is for: 3-6 months living expenses in the event of job loss or other emergency.

[@no_goodgrades]

may i ask how and why? i have quite a lot of financial knowledge(im still learning tho) and im planning to do everything to get financially stable, and this comment scared me 😭

[@d.o.p.d.o.p.1775]

They lost their job. Companies sometimes lay off their employees for many reasons. People need jobs to make money, and unemployment causes instability. As a result, the savings are important to help buoy you up until you are able to pay for your expenses again. That's what I interpret at least.​@@no_goodgrades

[@cloverazar5315]

@@no_goodgradestech layoffs. My entire team got shellacked just before Christmas 😢

[@snowcurly]

Would love to hear more in IRAs! Been seeing them pop off in popularity recently compared to Roth/401K

[@LMonzonCESJDS]

all three come with the benefit of both setting you up for retirement and reducing your taxable income, thereby reducing what you owe to the IRS at tax time

[@ransonhall4834]

I like everything you suggest except the target date funds-that’s definitely going to prevent millionaire status with the high reliance on bonds and lack of growth options. I say go 100% equities and if you’re decades out stick with growth ETF’s such as SCHG.

[@Naude73]

Vivian,plz mention some options that are available around the world as well🥺🥺❤

[@evelynochoa6918]

Yes that would really help please ❤

[@classical7]

You Da BEST bestie!!! Thank you so much & Happy New Year!! 😊🎉

[@Aritul]

Thank you!

[@charletfoster8917]

💯agree small, consistent step will help us reach the Millionaire ranks💎ℹ️🔑👏🏿

[@motoyogi108]

Really appreciate you!

[@omshanti93]

Please tell benefits tips from other countries as well 😊. I’m another follower from Canada 🇨🇦 . Happy new year 🥳 dear

[@sorryGodformysins]

Easy to say this advice bit with tej economy now adays it is hard to even pay for the debt or leave something for a savings.

[@jankalewandowska2289]

Love your content ❤❤❤❤

[@ezzie_is]

My mortgage interest rate is higher than savings accounts (I’m outside US) so I keep my savings in an offset account. It doesn’t “earn” interest, but it reduces the interest charged on my loan the same rate as if I had paid it directly to my loan balance.

[@telthatruth7533]

Genius!! Thanks, love!!❤

[@saokoc]

from what i’m hearing and looking online i can’t find a definitive answer if high yield savings account gets taxed

[@aristack6957]

Can you recommend FDIC save high yield account?

[@oneness1_]

Any recommendations for HYSA?

[@Nwakaego_]

Thanks for these tips, Vivian!

[@evelynochoa6918]

Thanks gorgeous for the advice god bless ❤

[@Sha-sj4ek]

Thank you

[@WolfWoolware]

I love you for that opener. I have millionaires in my family I just want to join the club.

[@BBB-to4cc]

THANK YOU

[@Livingablessedlife-g5n]

Thank you Vivian! So wise!

[@SteveInLava]

I should try doing every step except retiring...

[@michellewilliams5850]

Tips for those on a fixed income any?

[@JohnDoe-kk1xu]

Don't matter what income you're on live below your means whatever it takes to do that by blow your means

[@Miedzymorze_off]

Vivian, what about tips for the ones live outside of the USA.

[@t.j.m7131]

Thank you. I mean I live in the Caribbean but I'm back and forth from the US hoping to get and use your advice where I can. ❤❤❤ happy new year my rich BFF 🎉🎉

[@GldenCat]

I love it when you do your make up while you’re giving us information. Can you please list what you’re using in the comments?

[@sandysaurus1010]

What to prioritize if all things can’t be done simultaneously? Also, your videos are so good, but the delivery could be done without your skincare routine. I’m neurodivergent and so distracted, had to re watch several times and remind myself this was about finance.

[@alicepratt5139]

my parents set up a bank account for me when i was a toddler so i've been with my bank my whole life and don't pay any account fees... but the interest rate on my savings is TRASH. don't know if i should shop around or not

[@frosty_teacup]

You're such a babe for writing in the names of the makeup products while you talk!

[@gigilaroux762]

Don’t Index funds have higher fees or their dividends aren’t qualified? Something I geared recently that it’s better to have an ETF vs index

[@TinaNewtonArt]

I'm vested in a state pension. What retirement account should I on my own? Or should I just do a high yield savings account?

[@johnharbaugh9471]

457 as a government employee, also maximize your outside ROTH account. I also find credit unions to offer better rates on money market and CD's than banks.

[@Paula-yw4rx]

I absolutely love your headband and got distracted by your cuteness

[@durfee7]

i would but my dad is already

[@greyscale437]

I'm 33 what's a good example of a 10 year goal? Im planing to buy a house this year, would a goal be to have it 80 percent paid off, or is that too small a goal

[@ahmedabdi5980]

Any advice on becoming a millionaire without interest involved? Because interest is forbidden for us Muslims. It's forbidden to take it, give it or charge any other person even if they're not Muslim themselves

[@celesabarnes7622]

Yeah, I like her

[@BarkaMishkhan]

Thank you RichBFF

[@patriciaholiield5365]

I thought ETFs with S&P 500 was the way to go. How can you learn about index funds? Thanks

[@squi356]

Right, I'll do it all tomorrow, lol

[@hayhihello]

Viv, can you teach us about using 401k loans to pay off debt??? I have so much credit card debt between multiple cards, the snowball or avalanche methods just don't work for me and the interest is drowning me! Help!

[@2ctheocean]

Debt resolution.

[@zanzibarspice]

Target date funds often have high fees. Be sure to look at the expense ratio and compare it to the broader index funds. Index funds should be lower every time.

[@andrewjohansen2540]

Debt, lowest to highest would be better..

[@cflat2511]

Believe it or not, this might not be the most efficient way to go nor is hers - however, either is better than no system -

[@NeerajRajput1990]

Where do you find high yield savings account most of them are not high yielding???

[@rottencarrot]

Thanks BFF. I had to ask my local financial advisor who said to pay debt 1st before saving... I asked her what if life happens and all I did was pay debt?

[@alvinreddy4023]

Beautiful Vivian 💯🙏🏽🍷☮️☕️🇺🇸

[@Arken2249]

Saving in an FDIC high yield savings account is poor use of your money when you can invest in a federally income tax free Municipal Bond fund & get higher yield. 3 to 6 months of expenses? When were you ever out of a job & income for 6 months? Roth IRA contributions can be withdrawn without tax or penalties at any time. Why not invest those contributions in a steady performing growth income fund to earn higher growth & use those contributions as your emergency fund?

[@StamperWendy]

Beautiful 💖💕💓

[@zaccoop6727]

.............. uhhhh.. sure.... save... put 3-6 months of living expensives into a savings into an account.... oh right, rich people have that kind of money... next, pay down the highest interest account loans / bills you have... obviously, unless it keeps going up...

[@Kellykittymom]

Yep!

[@TotallyNotLamePianist]

​@@Kellykittymom you have to save to get that cash into an emergency fund and if you cut out some spending, or get a side hustle you should be able to pay off you're debt. It might take a couple years but it's possible. Listen to her, she knows more than you.

[@thesmileyeffect]

Unless you're receiveing Social Security which limits you to no more than $2,000 in your bank account. Le sigh.

[@nixtrix84]

You can set up a trust or find out if you qualify for an ABLE account. Contact your local Center for Independent Living (CIL) to get more information 😊

[@Mattlott222]

People be sitting somewhere they spent $10 for something they could've made at home 5 times over for the same $10 complaining that they can't save money. When the economy is bad, don't make it worse with bad financial choices.

[@anthonytippett5997]

World‘s greatest icebreaker😆😆😆😆

[@JaneanIssi]

I really appreciate your efforts! Could you help me with something unrelated: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?

[@tiffanywilliams3019]

How can I retire early if all money money is in retirement accounts that can't be accessed in retirement accounts 🤔

[@Anum-t3h]

Any halal options?

[@MindoverMoney1983]

This is great video. I am working on something to help everyone financially. Let’s all connect

[@romannguyen7967]

Pretty boy

[@thomassanfrancisco5850]

Wish I did

[@cm4644]

I ran out of money to put food on the table by the the time I opened the high yield savings account...

[@charlenemck55yenzie54]

At 70 where can I invest.

[@KEPKEP-d4l]

I would like to learn more about the Expat Taxes .

[@rogerdavis2957]

Can't do it all and still live

[@ritamartin9699]

Happy New Year VIV 💕💕

[@maskoflies9461]

What if you're a part timer?

[@alyson4791]

I wonder how easy it is to translate what she’s saying into things available in my country

[@raadalnamer8868]

Lowest to highest is batter

[@honeybunney9307]

I love my rich bestie!

[@KimTheGoodGirl]

So like do I just walk into a bank and ask for rich ppl accounts?

[@DorothySargeant-u3l]

LAST EDIT: Kim please read. Short answer: yes with a twist. You should ask for the items mentioned in the clip by the names Vivian calls/types them. Otherwise sit at a table (not stand with teller) and explain you want to learn more on how you can increase your wealth, retirement with the bank. A high yield savings account is like a regular account, but they offer better interest rates than the regular accounts. For example, last or maybe it was earlier this year it was not that difficult to get 5% bonus with the high yield accounts. Meanwhile the regular accounts offered 1/3 of 1%. If you had $100 in a high yield account, you would have been gifted $5 versus 33 cents in regular account. Many banks offer both accounts, so you have to ask what are the rates for the high yield accounts and ask for terms. These accounts interest rates change based on the fed and how the banks feel the market will behave. I had a bank offer both, but they did not automatically assign me high yield. You have to ask. You can also do an internet search to get an idea of what's available where. High yield accounts are NOT CDs. I mention asking for terms to make sure you are getting what you want and goes with personality. The high yield accounts allow you to take out money at any time without penalty.

[@SaintsandSushi]

There is no such thing as a rich people's account. She is talking about regular accounts everyone can open on their own. Everything is online, so you must be 80 years old if you have set foot in an actual bank.

[@NatalieCWilliams]

"3 to 6 months of living expenses"......you need to explain this because it's not making sense to me.

[@BravoCheesecake]

Guys imagine if we could paint our faces to become a different person.

[@Sara-vw1sf]

Yeah that would be nice if I could afford groceries.

[@1LocWonder]

I’d actually be the second😜

[@katg7080]

European versiion of this?

[@lanaava]

Strip 😂😂😂

[@Sobe1989]

Go ETFs yall.

[@sharedata2740]

Mortgage is huge..

[@YouGotThatRight111]

My uncle already beat me to it before i was 18 but i will be the second

[@ericpelton4533]

Thanks! P.S. qYou don't need makeup.

[@andrewh6615]

*slowly puts back on shirt* ah, where my pen and pad

[@yuapanda]

Meta: I don't understand what the makeup routine is for.

[@Boo-dt1fx]

Savings: why not a FLOT?

[@Michael_0010]

Wish is Spain we have those possibilities

[@loloppololp9304]

Too late. There are several millionaires in my family already and both sides are multi generational college educated 😂 they also did this while in a third world country so I think its even more impressive compared to being millionaires in U.S. I'm just here existing, depressed, in my rented room in a house with 4 others 😂😂 Maybe I'll be first at something eventually 😂😂

[@calepio12]

hey, i am from ethiopia ,and i have to be rich ....but no idea

[@purplegh0st311]

Have to be? lol no you dont

[@no_goodgrades]

@@purplegh0st311 look at the economy tho? most middle class people are struggling.

[@sherikennedy4117]

All good when you are young. Retirement age? Too late, girl

[@Learnenglishwithfarrah]

Cool 👌

[@da.nah.kw1]

Okay explain this for the people that don’t live in the us

[@minoxflash9046]

Fuck i got baited 😂

[@iiiiiiiiiiiiiiiiiiiiiiiiii2458]

What is up with this trend? Why women nowadays record themselves while applying makeups?

[@Crhymethink]

Don't be afraid of debt. Rich people will always give you the advice pay off your debt. It's a lie. Debt is your friend when you have millions and billions

[@Penelope416]

Sure, it depends on what you're in debt for though.

[@no_goodgrades]

@@Penelope416 could you elaborate?

[@Penelope416]

@@no_goodgrades If you're getting into real estate for instance or you have a business start-up, both of those avenues will come with a cost; business loans or a line of credit (debt) in order to fund the business or real estate for example. Some people will take out margin (debt) within an investment account to eventually grow more money. They will use margin to invest into stocks, ETFs, Index Funds, REITs, or High-Yield Dividend/Option Income ETFs. Again. they will do this in hopes of making more money through dividends, distribution payouts, or attain more growth in their Stocks and Funds.

[@Penelope416]

@@no_goodgrades If you're getting into real estate for instance or you have a business start-up, both of those avenues will come with a cost; business loans or a line of credit (debt) in order to fund the business or real estate for example. Some people will take out margin (debt) within an investment account to eventually grow more money. They will use margin to invest into stocks, ETFs, Index Funds, reits, or High-Yield Dividend/Option Income ETFs. Again. they will do this in hopes of making more money through dividends, distribution payouts, or attain more growth in their Stocks and Funds.

[@Penelope416]

@@no_goodgrades KZbin keeps deleting my comments (and I'm so over it) but essentially debt is used to start up business, real estate, taking out a line of credit, or margin in an investment account, in hopes of making more money.

[@Chaoskhi]

Dave ramsey?

[@jerseynurse6878]

Welp guess I’ll need to put my clothes back on 😂 Jk, great informative tips ❤

[@hopkinsIE]

I need an Irish version of you.

[@TiernanDeFranco]

My dad is already a millionaire lmao

[@igooa1076]

yes