How the Wealthy Legally Avoid Ever Paying Taxes | Vivian Tu
episodePreviously titled “Why Most People Will Never Build Wealth (And How to Be Different) | Vivian Tu” — renamed by the publisher on Aug 12, 2026
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Why do most people struggle to build wealth?
Our middle class is shrinking. More people will go into that category of kings, and more people will go into that category of really suffering. There will be people who figure it out, but then there's also a group of people who aren't going to be able to figure it out. Their life is going to get meaningfully worse. You are going to see people continuously wake up one day in their 40s or 50s and look at themselves in the mirror and be like, what happened?
She's one of the most trusted voices in personal finance today. She's a former Wall Street trader turned top podcaster and bestselling author. Please welcome Vivian Tu.
I am going to sit here and be the first person to tell you it ain't fair. Life ain't fair. Some people are born on third base. Some people are out in the parking lot with the person who is selling those illegal hot dogs that does not have a vendor's license. But just because our current society is not perfect does not mean that you can lose hope.
What are the first three steps someone should take to set themselves up by the end of 2026, they feel like they have a lot more peace because of the actions they've taken with this three-step game plan?
I would say...
Every time I'm around you, I feel wealthier. I feel like money pours into my heart and there's just abundance that is coming to me because you give such good wisdom and strategies on how to mentally, emotionally, and tactically create more financial freedom in your life. So thank you for being here. You've got a new book called Well Endowed, the last book you had crushed. And this book is about the secrets to strategic spending, building a financial foundation for you and your family and creating lasting generational wealth. Make sure you guys get a copy of this. And as someone who just got married this year and just had twins recently, this is exactly what I need to start learning. And I probably should have started learning this stuff years ago before getting married and before having kids.
There seems to be a lot of financial insecurity in the world right now. And specifically over the last five years, we're at this like half of a decade mark since COVID, right? And 2030 is gonna be here before we know it. We're 2026 starting out right now, this episode comes out. And there just seems to be a lot of financial insecurity, financial stress, financial uncertainty about what's happening in the future and do I have enough money? Do I have enough money to prepare myself, my family, my spouse, my kids for a safe and healthy future? So, the first question is that there's a lot of... myths that I see happening on social media, people talking about money everywhere now. Some stuff is really helpful, some things are not.
What would you say is the biggest money myth that you're seeing online right now on social media that you think we should debunk or you think just doesn't really have any weight right now?
Yeah, I think one of the scariest things I'm seeing right now is the, and I quote, prediction market. So you've heard of these brands where basically you can essentially say, I'm going to, and again, quote, big air quotes here, invest in who potentially might win this political election or who might win this basketball game or football game or who might, you know, will this person say this in their live television broadcast? And these brands and I see these ads and it pisses me off to no end because they're like, oh, well, these billionaires are investing in the prediction market. These billionaires are not placing predictions in the prediction market. They are investing in the brand because this is an old brand.
It is a brand as old as time, frankly, and it's called gambling. Yes. Okay. Um, I'm not even just talking, you know, like Vegas slots. I'm talking bring it back to the olden days of horse betting where you had a bookie. Like that is what you're doing here. You are betting on an outcome.
What is the buy, borrow, die strategy for wealth building?
This is not investing. This is not a market. You have literally opened a book. You've opened a sports book, but for real life things happening.
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Chapters
7 chapters
1
Why do most people struggle to build wealth?
0:00–4:01
2
What is the buy, borrow, die strategy for wealth building?
4:01–5:53
3
How does discomfort contribute to personal growth?
5:53–30:35
4
What mindset differences exist between the wealthy and those in scarcity?
30:35–36:22
5
How can embracing discomfort help escape a B+ life?
36:22–55:15
6
Why is having a financial plan crucial for success?
55:15–1:28:37
7
What are the first steps to creating financial peace?
1:28:37–1:29:21
Speakers
3 identifiedMore from The School of Greatness
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