4 Rules From Vivian Tu, A Wall Street Pro Who Achieved Millionaire Status At 27

Vivian Tu's upbringing in a frugal, immigrant Chinese family taught her the value of saving.

However, her Wall Street career exposed her to a different approach to wealth: investing and growing assets.

In a recent interview with CNBC, Tu outlines four key strategies that she believes are critical for financial growth. She followed these rules to build her own fortune and become a millionaire at 27 years old.

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1. Focus on Building Wealth, Not Displaying It: Invest in assets rather than spending on liabilities, Tu advises. This approach is about building long-term wealth rather than seeking immediate social validation. "Instead of buying, for example, a flashy Lamborghini that loses a third of its value as soon as you drive off the lot, a truly rich person will take that same chunk of change and buy a two-family duplex and rent it out," Tu said.
2. Cultivate an Abundance Mindset: Embrace an abundance mindset. Unlike the common scarcity mindset that breeds competition and fear, the rich believe in abundance, allowing them to pursue opportunities with confidence and creativity. "Rich people have an abundance mindset," Tu says. "Since they know they’re going to be able to take care of their bills, they’re not worried. This gives them the freedom to decide what they want to do with their time, rather than only focusing on what they need to do to survive."
3. Embrace Long-Term Thinking and Delayed Gratification: Thinking long-term and practicing delayed gratification is also essential. Tu emphasizes that the wealthy are comfortable with investments that may not be immediately accessible but offer substantial future returns, like retirement accounts.
4. Network and Share Knowledge Generously: Lastly, Tu highlights how rich people "love being known as the smartest person in their friend group." Who has the best taste? Who's on top of all the trends? Wealthy individuals, Tu says, often exchange insights, resources and opportunities within their respective networks.

This story is part of a series of features on the subject of success, Benzinga Inspire.

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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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