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Rich AF summary

Vivian Tu

The Winning Money Mindset That Will Change Your Life

4.2 (329 ratings)
15 mins
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    Rich AF
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    Unlearning money myths

    What’s the worst piece of financial advice you’ve ever received? 

    The author received some well-intentioned, but misguided, advice from her father. When applying for college, her father refused to let her apply for Federal Student Aid, wrongly believing that this would lower her chances of getting into top-tier universities. In fact, it wouldn’t have – and so she missed out on financial assistance that she could have benefited from.

    This advice, though well-meaning, is a part of a larger web of money myths and practices young people inherit without question. This is where our journey begins, unraveling the lessons taught, often inadvertently, by our parents about money.

    You see, just like our mannerisms and personal preferences, our habits are set from a young age. You might hold your pencil weird, like your mom does, or dislike the food on your plate touching, like your dad. And in the same way, your notions about money likely stem from your parents’ own idiosyncratic approach to their finances. But these habits, passed down through generations, aren’t always beneficial. In fact, they can sometimes be tiny acts of self-sabotage, holding you back from financial freedom.

    Being rich isn’t about being a math whiz, a stock market guru, or someone born into wealth. It’s about properly understanding your financial goals and what’s blocking you from achieving them. It’s about dismantling those inherited money habits and setting yourself free – with a mindset geared towards effective wealth-building. So, let’s dive into three important financial truths.

    Financial truth #1: Wealth is not meant to be hoarded. Maybe your parents taught you to always keep your money within sight, due to fear of loss or lack of investment knowledge. Rich people know that accumulating cash without putting it to work is a missed opportunity. You have to make your money work for you, through smart investments and financial strategies, not just keep it under the mattress.

    Financial truth #2: Money spent to impress others is a waste. What’s one of the biggest financial mistakes you can make? Spending money you don’t have on things you don’t need to impress people you don’t like. Evaluate your spending habits. Are they for your satisfaction – or to keep up appearances? It’s okay to spend money on things you like, but your discretionary spending should be about your own values and priorities, not a response to societal pressures. 

    Financial truth #3: Complaining about money without taking action changes nothing. It’s one thing to vent about your financial frustrations; it’s another thing entirely to resign yourself to them. Recognize your value and your agency. You can negotiate, save, and invest in ways that change your financial course. Understand that financial success is a journey, one that requires active participation and a willingness to learn and adapt.

    Here’s the thing: breaking out of a scarcity mindset isn’t just about therapy or self-reflection, though these are important. It’s about actively changing how you think and behave regarding money. Whether it’s affirming your worth, negotiating a better salary, or allowing yourself to enjoy the occasional luxury, these actions collectively shift your financial trajectory.

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    What is Rich AF about?

    Rich AF debunks myths and imparts strategies for maximizing earnings, investing, and saving, all aimed at securing long-lasting wealth. Starting with the author’s mentorship on the trading floor, the narrative offers a wealth of practical advice for financial empowerment to the new generation.

    Rich AF Review

    Rich AF (2023) by Vivian Tu is a captivating guide that provides fresh insights on achieving financial abundance and living a truly wealthy life. Here's why this book is a must-read:

    • Overflowing with practical strategies and actionable advice, it empowers readers to take control of their financial future and make smart money decisions.
    • By combining real-life examples, success stories, and expert interviews, the book offers a realistic and relatable perspective on wealth accumulation.
    • With its fascinating anecdotes and unconventional ideas, it keeps readers engaged from start to finish, transforming the concept of wealth into something exciting and tangible.

    Who should read Rich AF?

    • Recent college grads eager to learn about personal finance and investment
    • Young professionals seeking to navigate the world of finance
    • Aspiring entrepreneurs looking for practical advice on wealth building

    About the Author

    Vivian Tu is a former J.P. Morgan Equities Trader and BuzzFeed Strategy Sales Partner. Renowned for her financial acumen, she earned her first million by age 27. As the CEO & Founder of Your Rich BFF Media LLC, she combines her extensive experience in finance and marketing to provide advice over books and social media. 

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    Rich AF FAQs 

    What is the main message of Rich AF?

    The main message of Rich AF is how to achieve financial freedom through a mindset shift and practical strategies.

    How long does it take to read Rich AF?

    The reading time for Rich AF varies depending on the reader's speed, but it typically takes several hours. However, the Blinkist summary can be read in just 15 minutes.

    Is Rich AF a good book? Is it worth reading?

    Rich AF is a valuable read for anyone seeking financial independence. It provides practical insights and actionable advice to improve your financial situation.

    Who is the author of Rich AF?

    The author of Rich AF is Vivian Tu.

    How many chapters are in Rich AF?

    Rich AF has 12 chapters.

    1. Introduction
    2. Chapter 1
    3. Chapter 2
    4. Chapter 3
    5. Chapter 4
    6. Chapter 5
    7. Chapter 6
    8. Chapter 7
    9. Chapter 8
    10. Chapter 9
    11. Chapter 10
    12. Conclusion

    How many pages are in Rich AF?

    Rich AF contains 200 pages.

    When was Rich AF published?

    Rich AF was published in 2021.

    What to read after Rich AF?

    If you're wondering what to read next after Rich AF, here are some recommendations we suggest:
    • Positive Chaos by Dan Thurmon
    • The Intelligence Trap by David Robson
    • Breaking Free From Broke by George Kamel
    • Be Seen by Jen Gottlieb
    • Your Best Financial Life by Anne Lester
    • The End of Bias by Jessica Nordell
    • A Random Walk Down Wall Street by Burton G. Malkiel
    • How to Make a Few Billion Dollars by Brad Jacobs
    • Number Go Up by Zeke Faux
    • Your Journey to Financial Freedom by Jamila Souffrant