Investment manager Mindy Yu.

Mindy Yu was raised in Queens, New York, in a working-class family who lived paycheck to paycheck.
Today, she’s an investment manager who coaches people on growing their wealth.
If she could go back in time, Yu would give her parents three pieces of money advice.

As the director of investments at Betterment, Mindy Yu helps hundreds of people invest in the market wisely and grow their wealth. But Yu herself comes from humble beginnings.

She grew up in Queens, New York, in a Chinese immigrant family who lived paycheck to paycheck. Yu’s father worked as a self-employed handyman, while her mother worked as a seamstress in Manhattan’s Chinatown. Her mother eventually had to leave her job as Yu and her two siblings needed more support when they started school.

“These were definitely not office-type jobs with a steady paycheck. I have a brother and an older sister, so we saw the struggles my mom and dad had working hard to provide for our family,” Yu tells Insider.

When it was time for Yu to go to college, she started exploring other industries, like fashion merchandising, before pursuing a career in finance. She says, “After I started understanding the power of investing, understanding how the finance industry can help people plan, save, and think about their financial futures, that was the lightbulb moment for me.”

She adds, “My experiences really transformed how I think about advice for clients, especially because you don’t want them to fall into the same traps of being fearful and not investing correctly. That’s always something that’s top of mind for me, learning from my mistakes and making sure that our clients don’t do the same thing.”

When asked what financial advice she would give her parents if she could turn back time, …read more

Source:: Business Insider


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