Financial educator Vivian Tu discusses the myth of passive income with Codie Sanchez, arguing that side hustles like dropshipping are active labor whereas genuine passive income requires owning assets.
Opinion
Tu: Society expects unpaid domestic labor from women while rewarding men professionally
“When you do something for free, a woman does it. When you get paid to do something, a man does it. So when you cook at home, you are the one who's expected to do it. The wife cleans, the wife cooks. Tell me why there are so many significantly more Michelin sta…”
Opinion
Vivian Tu: Expecting a traditional homemaker requires being a sole financial provider
“Well, I think the safe thing to say is that if you want a traditional wife, then you have to be a traditional man, and you want to talk about a wife who cooks and cleans and has a hot meal on the table ready for, yeah, because back in the day, we could also al…”
Opinion
Tu: Buy Now, Pay Later risks outweigh rewards for consumers
“If you were to use a, you know, buy now, pay later service, Klarna, afterpay, whatever, and used it perfectly, you could come out unscathed. How many people do you trust to do anything perfectly? I mean, I can't even make microwave mac and cheese properly half…”
Insight
Vivian Tu: Couples Should Split Expenses Equitably Rather Than 50/50
“I think every couple should split things in an equitable fashion. That can be proportional. Doesn't have to be. That can be, oh, one partner just says, I'm gonna cover it all because you make so much less than me that I want you to save and invest your money.”
Insight
Tu: Media literacy is an essential component of financial literacy
“I think media literacy right now is such a big part of financial literacy, because if you don't think about why someone is incentivized to show you something, you won't know why they bothered to do it in the first place.”
Insight
Tu: Wall Street investors struggle more to deploy capital than acquire it
“For people who are in the beginning of their financial journey, the hardest feeling is feeling like you don't have enough money, but once you get to that level, on Wall Street what I learned is people have a harder time finding opportunities to actually deploy…”