August's book club pick, Vivian Tu's ‘Rich AF,' will help you get rich—no matter where you're at with your money
"My mentor became the model for what I do and who I am now," Tu writes in her book, "Rich AF: The Money Mindset That Will Change Your Life." "She was pulling back the curtain on wealth and teaching me the stuff that I never learned within the four walls of a classroom."
Years later, after Tu left J.P. Morgan and pivoted to sales at Buzzfeed, she was getting so many questions from friends that she started "a little passion project" to share what she knew on TikTok. The followers came so quickly that just over a year later, Tu decided to run Your Rich BFF full-time.
She encourages everyone to "talk about money. Because when we talk about money, everyone benefits," she writes in her book. "More people can get the raises they deserve. More people learn what credits, refunds, and discount programs they're eligible for. More people walk away from bad deals, money sucks, and rip-offs. More people get more money. More people live Rich AF."
To get our community talking about money, we chose "Rich AF" to be Make It's August book club pick.
Tu's first goal is "to reveal the secrets the rich have been passing down within their family lines and social circles for generations," she writes, the ones the rest of us aren't usually privy to. Her book also covers the basics of personal finance — or what she likes to call "FUN-ance" — and "the fundamentals of getting rich," like saving and investing.
No matter what your starting point, she assures, "it's never too late, so you're going to learn now. And it's going to work."
Ready to dive in? Start reading, request to join our LinkedIn group, and come chat with us and Tu on Wednesday, September 3, at 10 a.m. ET, at our next CNBC Make It Book Club discussion.
Any questions for the author? Email them to us in advance at askmakeit@cnbc.com, using the subject line "Question for Vivian Tu."
Hoping to get ahead on the next books? Here's a sneak peek: Our September pick is "Managing Up: How to Get What You Need from the People in Charge" by Make It contributor Melody Wilding, and our October pick is "The 5 Types of Wealth: A Transformative Guide to Design Your Dream Life" by Sahil Bloom.
Have suggestions for future picks? Send them to us at askmakeit@cnbc.com, using the subject line "Make It book club suggestion."
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
8 hours ago
- Business Wire
State Street Becomes First Third-Party Custodian to Launch on J.P. Morgan's Digital Debt Service, Bringing Blockchain-Based Debt Securities Custody to Institutional Clients
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that it has become the first third-party custodian to launch on J.P. Morgan's Digital Debt Service, marking a significant milestone in the institutional adoption of blockchain-based debt securities. This strategic collaboration enables State Street to offer custody services for debt securities that are issued, settled and serviced using blockchain technology, delivering a seamless and efficient client experience. The service is currently available only in the U.S. This launch reflects a meaningful step forward in our digital strategy — where we manage a digital wallet on-chain and lay the groundwork for interoperability across blockchain networks. Share This milestone was marked by the successful purchase of a $100M commercial paper transaction with State Street Investment Management, the asset management business of State Street Corporation. The transaction demonstrates the Digital Debt Service's ability to modernize short-term debt markets by enabling precision-timed settlement, with T+0 settlement available as an option. As an onboarded custodian to J.P. Morgan's Digital Debt Service, State Street can now offer clients access to blockchain-based debt instruments while maintaining the security and regulatory compliance standards expected from traditional custody services. The transaction also demonstrates the full integration of State Street's capabilities across the investment lifecycle, with State Street Investment Management serving as the front-office investor and State Street providing middle and back office functionality. 'Through our direct participation in J.P. Morgan's Digital Debt Service, we are advancing our ability to deliver a fully integrated front-, middle-, and back-office solution built on blockchain technology,' said Donna Milrod, Chief Product Officer at State Street. 'This launch reflects a meaningful step forward in our digital strategy — where we manage a digital wallet on-chain and lay the groundwork for interoperability across blockchain networks. It's also a clear demonstration of our 'One State Street' approach, combining institutional-grade infrastructure with emerging digital capabilities to meet the evolving needs of our clients.' State Street has been at the forefront of institutional digital asset adoption with a goal of providing clients an integrated business and operating model that supports the digital investment lifecycle. The integration with J.P. Morgan allows State Street to offer clients seamless custody experience that incorporates blockchain-based debt instruments without altering their established servicing model, including: Precision-Timed Settlement: Settlement infrastructure enables precision and reliability with reduced counterparty risk Streamlined Lifecycle Management: Smart contracts streamline payments, redemptions, and other corporate actions automatically 'This partnership with J.P. Morgan's Digital Debt Service represents a transformative movement for institutional asset management,' said Pia McCusker, global head of Cash Management for State Street Investment Management. 'Our successful investment in the first commercial paper transaction in blockchain format for our Short Term Investment Fund demonstrates the tangible benefits this technology brings to our clients and positions them at the forefront of the digital transformation in fixed income markets.' 'Digital asset adoption and investment continues to increase across financial markets globally. As first movers in this space, J.P. Morgan's Digital Debt Service application is a significant advancement in the evolution of digital issuances, providing clients with the opportunity to explore the use of blockchain in unlocking ecosystem-wide efficiencies across capital markets and the lifecycle of bond,' said Emma Lovett, Credit Lead for the Markets Digital Assets Team, J.P. Morgan. 'State Street's participation as a custodian on our application demonstrates another meaningful step forward in the institutional adoption of blockchain-based debt securities.' About State Street Corporation State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $49.0 trillion in assets under custody and/or administration and $5.1 trillion* in assets under management as of June 30, 2025, State Street operates globally in more than 100 geographic markets and employs approximately 52,000 worldwide. For more information, visit State Street's website at *Assets under management as of June 30, 2025 includes approximately $116 billion of assets with respect to SPDR ® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Investment Management are affiliated.
Business Insider
16 hours ago
- Business Insider
Ord Minnett Sticks to Its Buy Rating for Home Consortium Ltd (HMC)
Ord Minnett analyst maintained a Buy rating on Home Consortium Ltd today and set a price target of A$5.35. The company's shares opened today at A$3.78. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. In addition to Ord Minnett, Home Consortium Ltd also received a Buy from J.P. Morgan's Richard Jones in a report issued yesterday. However, on the same day, Bell Potter downgraded Home Consortium Ltd (ASX: HMC) to a Hold. The company has a one-year high of A$13.16 and a one-year low of A$3.13. Currently, Home Consortium Ltd has an average volume of 1.97M.
CNBC
a day ago
- CNBC
August's book club pick, Vivian Tu's ‘Rich AF,' will help you get rich—no matter where you're at with your money
When Vivian Tu became a junior trader on Wall Street, she not only got a fancy new job and salary, but also found a money mentor who changed her life. Now become the "rich BFF" to anyone who needs a little help with their finances. "My mentor became the model for what I do and who I am now," Tu writes in her book, "Rich AF: The Money Mindset That Will Change Your Life." "She was pulling back the curtain on wealth and teaching me the stuff that I never learned within the four walls of a classroom." Years later, after Tu left J.P. Morgan and pivoted to sales at Buzzfeed, she was getting so many questions from friends that she started "a little passion project" to share what she knew on TikTok. The followers came so quickly that just over a year later, Tu decided to run Your Rich BFF full-time. She encourages everyone to "talk about money. Because when we talk about money, everyone benefits," she writes in her book. "More people can get the raises they deserve. More people learn what credits, refunds, and discount programs they're eligible for. More people walk away from bad deals, money sucks, and rip-offs. More people get more money. More people live Rich AF." To get our community talking about money, we chose "Rich AF" to be Make It's August book club pick. Tu's first goal is "to reveal the secrets the rich have been passing down within their family lines and social circles for generations," she writes, the ones the rest of us aren't usually privy to. Her book also covers the basics of personal finance — or what she likes to call "FUN-ance" — and "the fundamentals of getting rich," like saving and investing. No matter what your starting point, she assures, "it's never too late, so you're going to learn now. And it's going to work." Ready to dive in? Start reading, request to join our LinkedIn group, and come chat with us and Tu on Wednesday, September 3, at 10 a.m. ET, at our next CNBC Make It Book Club discussion. Any questions for the author? Email them to us in advance at askmakeit@ using the subject line "Question for Vivian Tu." Hoping to get ahead on the next books? Here's a sneak peek: Our September pick is "Managing Up: How to Get What You Need from the People in Charge" by Make It contributor Melody Wilding, and our October pick is "The 5 Types of Wealth: A Transformative Guide to Design Your Dream Life" by Sahil Bloom. Have suggestions for future picks? Send them to us at askmakeit@ using the subject line "Make It book club suggestion."
