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Achieving Financial Success: Scott Galloway's Tips 

Next Big Idea Club
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Scott Galloway is a podcaster, bestselling author, and professor of marketing at NYU. He's irreverent, cocky, brutally honest, and surprisingly humble. He's also wildly successful - and he doesn't care who knows it. In fact, he thinks more rich people should talk about their success. That's why he wrote his new book, "The Algebra of Wealth." "It's almost like a letter to myself when I was younger," he tells Rufus in today's episode, which was recorded live in New York City, "the mistakes I made, some of the things I did right, some of the things I did wrong." Tune in to learn how to build your savings muscle, why you should avoid stock picking, Scott's favorite ETF, whether it's better to be an entrepreneur or a company man, and more.
00:00 - Personal Reflections
02:51 - Professional Failures
06:26 - Economic Security
09:46 - Investment Insights
12:36 - Wealth and Taxes
16:16 - Personal Finance Advice
20:31 - Life and Happiness
24:50 - Challenges of Wealth Management
29:15 - Impact of Economic Inequality
33:40 - The Role of Money in Family Dynamics
38:05 - Strategies for Financial Independence
42:30 - Importance of Authentic Relationships
47:55 - Career Advice for Young Professionals
52:10 - Perspectives on Entrepreneurship
57:35 - Views on Legacy and Social Contribution
"The Algebra of Wealth", available now on Amazon: amzn.to/44MLb9V
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10 июн 2024

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Комментарии : 216   
@Patriciabanks5
@Patriciabanks5 8 дней назад
These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.
@LukeMcfarlane5
@LukeMcfarlane5 8 дней назад
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $500k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.
@JordanPortales
@JordanPortales 8 дней назад
Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2020, and I return at least $30k ROI, and this does not include capital gain.
@MarkGrimm8
@MarkGrimm8 8 дней назад
Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.
@JordanPortales
@JordanPortales 8 дней назад
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@MarkGrimm8
@MarkGrimm8 8 дней назад
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
@Mr-sweeny
@Mr-sweeny 13 дней назад
The best approach to achieving financial. success is through steady investments, I believe every Investor should start with ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.
@mikeroper353
@mikeroper353 13 дней назад
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market
@Nernst96
@Nernst96 13 дней назад
Knowledgeable Investors know where and how to put money during a crisis in order to reduce risk and maximize returns. See a market strategist with experience if you are unable to manage these market conditions.
@PatrickLloyd-
@PatrickLloyd- 13 дней назад
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K.
@PhilipDunk
@PhilipDunk 13 дней назад
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.
@PatrickLloyd-
@PatrickLloyd- 13 дней назад
Amber Dawn Brummit is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@CameronFussner
@CameronFussner 20 дней назад
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol.
@leojack9090
@leojack9090 20 дней назад
Curently, investors should be cautious about their exposure and be wary of new buys, especially during inflation. Such high yields in this recession is only possible under the supervision of a professional or trusted advisor.
@fadhshf
@fadhshf 20 дней назад
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?
@hasede-lg9hj
@hasede-lg9hj 20 дней назад
I stopped trying to predict market outcomes based on chart studying after 5 years of uncertainty. Not having a mentor caused me 5 years of pain. I learned to follow the market's direction and keep it simple with discipline.
@hasede-lg9hj
@hasede-lg9hj 20 дней назад
Finding financial advisors like Sharon Ann Meny who can help you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
@SarahTaylor_
@SarahTaylor_ 13 дней назад
Considering how volatile the stock market is right now, I think investors should focus on cheap stocks. Of my $270k portfolio, 35% consists of formerly well-regarded stocks that are currently experiencing a sharp decrease. I have no idea how to escape this awful circumstance.
@RobertBrown..
@RobertBrown.. 13 дней назад
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience.
@JackHudson.
@JackHudson. 13 дней назад
Many people minimise the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm solvent. I looked for licenced advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
@AshlelThomas
@AshlelThomas 13 дней назад
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
@JackHudson.
@JackHudson. 13 дней назад
Kenna Muriel Hesseling is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@ChristopherDavies_
@ChristopherDavies_ 13 дней назад
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing
@gagnepaingilly
@gagnepaingilly 16 дней назад
I began working at 18, strived and grew my portfolio to 600k by 33. Recently, lost over 30% and want to mitigate risks. Also, planning to buy a home soon and want my portfolio to grow to a 7-figure ball park so i can retire in 9 years. What should I do?
@AntagonisticAsian
@AntagonisticAsian 16 дней назад
I don't think here is the place for personalized investment guidance. However, I suggest consulting with a reliable advisor like Azul to ensure appropriate retirement planning.
@sommersalt88
@sommersalt88 16 дней назад
IMO, Adding JEPI and JEPQ is smart for retirement. As for staying committed to low-risk investments, it's all about balancing your risk tolerance with your long-term goals.
@84gaynor
@84gaynor 16 дней назад
De-risk your portfolio, shore up your core holdings, and take some profits while balancing your portfolio allocations. I’d also suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I. We've made over 80% capital growth minus dividends..
@velayuthman
@velayuthman 16 дней назад
@84gaynor I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
@84gaynor
@84gaynor 16 дней назад
*Jennifer Leigh Hickman* is the licensed advisor I use. Just search the name. You’d find her webpage and necessary details to work with to set up an appointment.
@EcomCarl
@EcomCarl Месяц назад
It's refreshing to see Scott's honesty and vulnerability in discussing his personal journey and mistakes. 📚 His insights on economic responsibility and personal growth offer valuable lessons for all of us striving for success and happiness.
@RickWatson-xu6gw
@RickWatson-xu6gw 19 дней назад
My strategy has always been to invest 25% of my income in the stock market at the beginning of each month. The second part of my strategy is not to sell for at least 5 years, but recently my portfolio has suffered major decline about $150k in losses. What can I do please?
@Debbie.Burton
@Debbie.Burton 19 дней назад
Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. which may reduce your dividend gains or income, speaking to a certified market strategist can help with pointers
@benitabussell5053
@benitabussell5053 19 дней назад
Agreed. It's always wise to be proactive and consider diversifying our investments to manage risks in uncertain economic times. I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments
@A_francis
@A_francis 19 дней назад
my partner’s been considering going the same route, could you share more info please on the advisor that guided you to such impressive gains
@benitabussell5053
@benitabussell5053 19 дней назад
*Sharon Lynne Hart* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
@judynewsom1902
@judynewsom1902 19 дней назад
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
@lukefisherDD
@lukefisherDD 15 дней назад
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
@eliseduffyfxx
@eliseduffyfxx 15 дней назад
Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional.
@JanAlston-kd6yl
@JanAlston-kd6yl 15 дней назад
That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this coach?
@MiaDavis001
@MiaDavis001 15 дней назад
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
@La_sagne
@La_sagne 14 дней назад
its never the best and never the worst time.. nobody knows anything more than that.. so do it! if you want to make it (statistically a little worse but) easier to handle mentally, you put all the money into a hysa or bonds and then take from there and invest 1 -2 % of it (5500 - 11000) a month into stocks to get the so called "dollar cost averaging effect"
@herpaderppa3297
@herpaderppa3297 14 дней назад
@@KevinEvans-mq4ob interesting, I'm in a similar situation. Do you have so me examples what the advice was? Like fire half your employees or sell the whole company or was the advice more subtle like invest in marketing etc.?
@truthseeker3661
@truthseeker3661 25 дней назад
The most important in life is health then having wealth enough to cover you living confortable . The rest should be learning , relationships, holidays etc
@donnagutierrez5816
@donnagutierrez5816 26 дней назад
The best advice for young people; appreciate his candor about his mistakes along the way too.
@lseh4720
@lseh4720 26 дней назад
Wow. I was at UCLA in ‘84-88 and I was one of those kids like you. I even took the midnight shift at the front desk in the dorms, from 12 to 4 AM and 4 to 8 AM just so I could pay less in rent to the dorms, then I’d go to class.
@annalf7857
@annalf7857 3 дня назад
The more I listen to this man the more I like him. His knowledge is remarkable and his honesty disarming. We definitely need more people like him but I still wanna call him out on his iPhone comment! iPhones are soooo overrated!
@GRumpyonekinobi
@GRumpyonekinobi 23 дня назад
Never heard of Scott or listened to him before now... im pleased the algo suggested this! love his honesty, loved this. Thank you 😊
@Briancrobinsonspeaks
@Briancrobinsonspeaks День назад
Wow!! Loved the first question and Scott’s honesty!
@TheSuperTeacherStudent
@TheSuperTeacherStudent 18 дней назад
Thank you Scott for sharing those mistakes and regrets. It helps to know I'm not alone.
@nitetrainjames
@nitetrainjames 23 дня назад
A genuine heartfelt and personally revealing interview.
@DrJYuan
@DrJYuan Месяц назад
You can see me there in the front row center!! This was amazing to see. Scott is still on-brand off-camera.
@barbararowlett6828
@barbararowlett6828 16 дней назад
How is this man not president?! I've never heard anybody outside of Bernie say these things. Thank you!
@MaxMontauk
@MaxMontauk 29 дней назад
Great interview. Learned a lot about myself. Thanks.
@JOHAN_PERJUS
@JOHAN_PERJUS 26 дней назад
9:48 I love Scott Galloway so much.
@stephenboyington630
@stephenboyington630 4 дня назад
Suck up to rich people, and they will help you become rich. What a motto. I can see why he loves the Saudis so much.
@Chris-hr3fc
@Chris-hr3fc 15 дней назад
Sharing this with every kid I know! Excellent advice.
@oferzeira8125
@oferzeira8125 7 дней назад
Excellent rewarding conversation.
@m4ni5h
@m4ni5h Месяц назад
34:45 , 1:00:10, 1:05:35, 1:09:56, 1:18:00
@stillhopeful7048
@stillhopeful7048 20 дней назад
Awesome guest!
@binghamescape2383
@binghamescape2383 6 дней назад
Scott, you have a great sense of humor, and if you ever want to give money to a stranger, I'm more than happy to collect. 😊
@drachenmarke
@drachenmarke День назад
He’s a limousine liberal, tells everyone to lock down during the pandy, while he flys to Los Cabos
@miyahtallulah
@miyahtallulah 3 дня назад
BRILLIANT
@BodyByBenSLC
@BodyByBenSLC Месяц назад
29:00 truth. I agree on distribution of wealth and tax code etc etc. But the other side of that coin is personal responsibility. I work in property management mostly affordable housing and 24-7-365 ubereats and doordash in and out. No one should be using those apps. Rent-to-own is another one, it's insanity.
@KnightsOffical
@KnightsOffical 12 дней назад
Bravo Scott ! 🎉
@elmarwolters2751
@elmarwolters2751 25 дней назад
What a sick show .....
@mmm-cake
@mmm-cake Месяц назад
👏🏼👏🏼👏🏼👏🏼👏🏼 thanks man
@isaacengineer2280
@isaacengineer2280 26 дней назад
I like his mindset
@peterjohn5834
@peterjohn5834 9 дней назад
Just superb. This bloke is a Legend and I just found him by accident. He deserves his title of Professor. Thank you as a Boomer this is the reality but our politics have prostituted every environmental and economic rule to feed our own egos.
@sorenjunkers3834
@sorenjunkers3834 8 дней назад
he overvalues his personal efforts and discounts the insane amount of luck to be alive during the greatest times for investing in the markets among other things where he lucked out. he could be a bit more honest about that. anyway nobody will get rich by buying index fonds nowadays.
@Ataios
@Ataios 21 день назад
I like a lot of the stuff he talks about. I just don't see how he can't see the dissonance between this idea of how to manage your money and diversifying, and how he managed his time and work. He poured all into work and it. paid off, and now he can spend a lot of time with his kids, it was a wild bet if he didn't have had financial success, he wouldn't have money and he would have crappy relationships
@theresa6465
@theresa6465 21 день назад
I’m sure a narcissist like him has the best relationships that money can buy.😂
@TrendyStone
@TrendyStone 20 дней назад
Dissonance? He talks openly about going “all in” when you are young (education + a big city w/ energy) and then keeping it through diversification when you are older. Did you read the book?
@Ataios
@Ataios 20 дней назад
@@TrendyStone Yes, dissonance in the strategy he suggests for money (diversification) and time (all-in). How you treat money, time and love are equivalents, I do see a dissonance between how he suggests investing money and how he suggests investing love, which psychologically is equal. In fact, the advice of going all in is the same as he did with his money when he was young, and it didn't pay off. I think he got lucky with the all-in strategy in terms of work over kids because work paid off, but for most people, work doesn't pay off, and over-investing there to the detriment of your loved ones, is a risky gamble. Haven't read the book, I might, I heard a couple of his interviews and I think I got some good ideas out of him already.
@Ataios
@Ataios 20 дней назад
@@TrendyStone Plus, he doesn't say you should that. He says that if you want to be a millionaire like him, you should do that. Big IF. Millionaire land is extremistan territory.
@kingghidorah4191
@kingghidorah4191 15 дней назад
These talks are great, really humanizes the speaker Never gave a F about this guy He’s a real person now, not just a talking head on RU-vid
@RustyDice
@RustyDice Месяц назад
The two wealthy talking guys on stage by the "No Entry" signs - hopefully not prophetic. Great talk!
@rohanrodrigues1400
@rohanrodrigues1400 Месяц назад
Nvidia seems to be have similarities with CISCO. It is infrastructure too and CISCO was much bigger.
@surfnbacker84
@surfnbacker84 28 дней назад
Great listen overall. My only gripe is people like Scott always give the advice of do what I say, not what I do. Zero chance he would have made $100m+ investing only in index funds.
@brycepalmer4942
@brycepalmer4942 23 дня назад
Exactly. He’s a fraud.
@esqu1re
@esqu1re 21 день назад
100% He is an outlier though. His point is that most people are not going to be outliers like him. For most people, index funds almost guarantee a decent return over time, whereas only the lucky or truly amazing will be like him.
@TrendyStone
@TrendyStone 20 дней назад
You confused MAKING wealth by taking lots of risk when you are young and can afford resets and losses with KEEPING wealth when you are older. He covers all this in his book.
@jkfy5995
@jkfy5995 12 дней назад
@@TrendyStonewhich book?
@comets4sale
@comets4sale 8 дней назад
@@esqu1re Fair take.
@timcareynow
@timcareynow 21 день назад
that word was ikigai. do an image search on that.
@PaulSyng
@PaulSyng День назад
Scott: Nobody needs that much money. They should pay more taxes. Also Scott: I have more than a $100 million. I’m not paying more tax. #delulu 😂
@MRDKastel
@MRDKastel Месяц назад
An Android Samsung is equally expensive, and infinitely better than an iPhone.
@jafrasar1
@jafrasar1 28 дней назад
The S24 is more expensive than an iPhone 15 Pro-but worth it.
@CalicoCooperFan
@CalicoCooperFan 25 дней назад
Truth! Takes better picture, too.
@TalkingDonkeyz
@TalkingDonkeyz 24 дня назад
Only if you use no other Apple products. Apple’s advantage is that they have best in class product across the board and the value compounds as you lock in to the eco system.
@TrendyStone
@TrendyStone 20 дней назад
Nope. It’s about the ecosystem. Android users ruin any group chat. It’s obnoxious. I can’t even text them a pdf. We hate it when one an android user with their stupid Samsung screws up our group chat. Just stay out.
@bvanderford
@bvanderford 10 дней назад
If I could go back in time my college years would be studying to be a CPA and then a tax attorney.
@mrjeff9169
@mrjeff9169 19 дней назад
#Truth
@taumag5884
@taumag5884 3 дня назад
Being homeless, how do I get on his charity donation list?
@MegaAshfire
@MegaAshfire 5 дней назад
How’s it most people made money from insane concentratedbets? And not diversified portfolios.
@CrabbyE8
@CrabbyE8 23 дня назад
The moderator totally missed the point when he spoke of his Dad being a corporate attorney; go back and LISTEN to what Scott said. I’m sure corporate attorneys do fine and can get satisfaction from their “passionate “ weekend hobbies
@cartrefproperties
@cartrefproperties 7 дней назад
Google phone is so better than I phone
@comandinn505
@comandinn505 19 дней назад
The interviewer (who is a successful RU-vidr) contradicts Scott regarding following his passion. He’s that successful guy who is gaslighting all the regular joes SG is speaking to.
@Romeolmoore55
@Romeolmoore55 22 дня назад
Streaght to the point no tap dancing around.
@bawbee27
@bawbee27 23 дня назад
My favorite liberal wiseman
@MrDelg0020
@MrDelg0020 29 дней назад
Why do ppl think the government is good at spending your tax dollars LOL
@adamk8724
@adamk8724 28 дней назад
Right, billionares are much better at that, they build beautiful infrastructure, schools, provide great medical care.
@bawbee27
@bawbee27 23 дня назад
Cause if you live in a decent society you can see evidence of past work all around you
@rfpeace
@rfpeace 11 дней назад
I miss Winners & Losers
@cartrefproperties
@cartrefproperties 7 дней назад
We don't all fall pray to lifestyle creep.
@stevewhite791
@stevewhite791 20 дней назад
Great talk. Have your kids watch this. I've heard the iPhone thing a few times. I don't think it's exactly right but it's the right idea. ROTH, 401K pay yourself first, invest 10%-20% of your income every month and you can live whatever life you choose. Successful or unsuccessful there is a beautiful financial rainbow at retirement. It's so simple really. Self love.
@robertmaxa6631
@robertmaxa6631 17 дней назад
I get pissed off, when I get charged for a seat, on an airplane, above the cost of the plane ticket.
@dmwas.
@dmwas. 17 дней назад
It's like you were to fly standing. So annoying. Imagine if after ordering food in a restaurant, on top of the price on the menu, you also get charged for the plate and cutlery.
@attitune
@attitune 8 дней назад
Interesting how he bashes senior citizens for collecting the relatively modest social security that was taken out of every paycheck during their working life, while he enjoys being super wealthy and talks about how he can spend frivolously on himself as long as his wealth never drops below $100 million.
@gloriamitchell3518
@gloriamitchell3518 23 дня назад
😀
@philmaturanodrums
@philmaturanodrums 14 дней назад
This dude is off his rocker. Why anyone listens to this is beyond me LOL. Ohhh I know why! Because he says he is rich. Appealing to greed is a great formula for deceivers.
@drachenmarke
@drachenmarke День назад
Scott made money selling hack books and pushing DEI on corpos … talk bout it Scott.
@flash521
@flash521 8 дней назад
Watch out on comments for those fishing for clients. Not cool.
@nelsondecarvalho1756
@nelsondecarvalho1756 20 дней назад
I think Karl Marx Communism is far worse than Capitalism
@tbnewhomes
@tbnewhomes 24 дня назад
Scott Galloway 2024!!
@brycepalmer4942
@brycepalmer4942 23 дня назад
Maybe for prison for crimes against healthy culture. What a tool this man is. You should learn your history about who he really is and what he used to teach before he became part of the 1% OF the 1%. Galloway for prison.
@andreal2625
@andreal2625 7 дней назад
Scott had 30M and he thought it was a lot of money “at the time”? What does he think is a lot now?That’s what’s wrong with this country. There’s so much money with a small group and it’s never enough. Is he on the talk circuit to really help people or to brag?
@danielprestage289
@danielprestage289 27 дней назад
so how much are you worth . you talked around it. and tell everyone to be open about income.confused
@Anthony5ist
@Anthony5ist 21 день назад
He said 100M
@theresa6465
@theresa6465 21 день назад
Scott is very adept at talking his way around questions, but never directly answering them.
@erertertert44
@erertertert44 10 часов назад
Was thinking the same, does a whole piece about how rich people should be more open then just says over 100 that's so vague
@jmcampbell05
@jmcampbell05 25 дней назад
SUPPOSEDLY CONCERNED ABOUT SOCIAL ISSUES, BUT ONLY STRUTTING HIS WEALTH.
@NichoD3
@NichoD3 6 дней назад
Love listening to Scott, but he repeats everything in every interview that he does, its like he just rehearses his set like a comedian does.
@truthseeker3661
@truthseeker3661 25 дней назад
If u work for those big companies u r just making the evil companies richer. I would go small companies or entrepreneurship .
@doug2731
@doug2731 23 дня назад
This host's insistence on going all in on tech stocks is pure idiocy.
@1africa-io
@1africa-io 28 дней назад
How is he claiming he is a jew and also an atheist
@dionysus9876
@dionysus9876 27 дней назад
Because it is an ethnicity/nationality/race and a religion. There are Jews who are atheists, Christians, Buddhists, etc.
@IFYOUWANTITGOGETIT
@IFYOUWANTITGOGETIT 23 дня назад
Sam Harris is also a Jew (Atheist).
@juniormichael354
@juniormichael354 22 дня назад
​@@dionysus9876Hebrew and Jew what the difference
@davebarbetta
@davebarbetta 11 дней назад
We already have enough demagogues.
@ilanalonUSA
@ilanalonUSA 20 дней назад
awesome talk but do not agree about crypto. Bitcoin might be the best investment for the young, more than s&p 500 index
@greatcleaningcompany
@greatcleaningcompany 2 дня назад
He failed his family after selling a company for $30 million.....BS
@tonedeftonytv1047
@tonedeftonytv1047 6 дней назад
He lost me with, "Don't put any money in crypto." I've made a small fortune in crypto, and will continue to do so. Do your research, the S&P will actually LOSE you money in the long run, it doesn't keep up with even basic debasement of currency.
@Brayness
@Brayness 20 дней назад
Why does he claim to be Jewish and Atheist ?
@TR-lh9yz
@TR-lh9yz 12 дней назад
Jewish is an ethnicity as well as a religion. Many atheist Jews in the US and Europe.
@rayray52577
@rayray52577 Месяц назад
100 million? Why does anyone need more than 20 million? Or even 10? 4% of 20 million is 800k and there is no single person in the world that can’t live an insane life spending $800k a year. This guy is a little out of touch. He’s great in his ideas and approach to things in general, but he’s out of touch in terms of what’s needed for personal wealth and the need to be happy/secure.
@patienceisalpha
@patienceisalpha Месяц назад
100M doesn't mean you're 100M liquid. Often not.
@rayray52577
@rayray52577 Месяц назад
@@patienceisalpha sure, but if you’re not earning income off the majority of your assets (whether it’s rental income, dividends, royalties, or business income), then you’re doing something wrong. Even if $50M -75M is tied up in business assets, the income from that should still be in the millions. Illiquid doesn’t necessarily mean it’s not income producing. If it does, then it’s time to consider leveraging or selling.
@patienceisalpha
@patienceisalpha Месяц назад
@@rayray52577 VC funds typically don't provide income until an exit. Scott is heavily geared towards privates
@user-zb6lg1xj3k
@user-zb6lg1xj3k Месяц назад
That’s his number, I didn’t interpret it as him saying that should be other ppl’s number 🤷
@anilhebbar6506
@anilhebbar6506 Месяц назад
Absolutely. There has to be a line between need and greed.
@books-4-free
@books-4-free 17 дней назад
A Jew quoting Marx is probably the most cliche thing I've seen this year.
@jonl9192
@jonl9192 22 дня назад
Hopefully he finds Christ.
@fallen0509
@fallen0509 24 дня назад
the old people paid their fair share of taxes and now they are being bad mouthed by this guy by getting what they deserve and have paid for? what a dangerous teacher
@brycepalmer4942
@brycepalmer4942 23 дня назад
He’s seriously the worst. He helped create the culture that is destroying the world. lol he just said he doesn’t see why anyone needs more than $100 million. That’s so easy to say from the guy worth more than that who originally taught his students that capitalism was the devil. I don’t think I’ve ever listened to a bigger hypocrite in my life.
@FibbonachiCrusader
@FibbonachiCrusader 22 дня назад
Old people allowed their government to turn Social Security into a pay-as-you-go scam; they're projected to take out 3x what they put in. They didn't earn anything. They indebted future generations to bankroll their retirement and perpetuated the lie that they 'earned it'.
@theresa6465
@theresa6465 21 день назад
I agree, he’s a narcissist and his views on social security are repugnant. He’s also cagey about answering certain questions directly, expounding on the subject but not directly answering the question asked. 👎🏼
@comets4sale
@comets4sale 8 дней назад
so many here feel threatened by Scott's honesty
@markwriter2698
@markwriter2698 6 дней назад
Agreed. Does he think everyone who is retirement age is worth 100 million? Definitely not addressing the big picture.
@andremzk
@andremzk 18 дней назад
The irony of an atheist using “God” and “Jesus Christ” all over his conversation…
@maryjoan4128
@maryjoan4128 16 дней назад
Frightening human
@tmemore
@tmemore Месяц назад
so this guy feels guilty he is not paying enough taxes, yet does not ask about where the tax dollars are going. I guess is happy funding corrupt political system. Also takes advantage of all the tax loop holes. Total wackjob.
@MK99112
@MK99112 Месяц назад
It’s literally posted on web by the US government. You don’t need to ask to see where it is going. It’s not a mystery. But the point he is making is it’s morally wrong to allow the wealthy to be taxed at a lower rate than normal people when they have disproportionately benefited from a system they are also rigging.
@tomstock9546
@tomstock9546 Месяц назад
Your argument is coming right out of a propagandist’s playbook: seeding mistrust to make sure everybody thinks it’s ok not to contribute to a democratic system. They want you to believe everything is rigged so you do not even think to stand up and contribute to change it for the better. With people thinking like that, the corrupt guys will feel very, very safe in their place.
@surfnbacker84
@surfnbacker84 28 дней назад
Everyone should be taxed far less if spent properly
@AD-cy7wx
@AD-cy7wx 22 дня назад
RFK jr 2024 ❤❤❤ the only one addressing the issues he brought up. Not trump or Biden.
@jonl9192
@jonl9192 22 дня назад
Why is paying taxes a sign of virtue? I dont want you to fund Ukraine bullshit wars…i want you creating another billion dollar company that will improve my quality of life by using your products & services! Let billionaires not pay taxes please.
@erertertert44
@erertertert44 10 часов назад
The bootlicking is crazzzzzyyyy
@erertertert44
@erertertert44 10 часов назад
Billionaires don't give a shit about you lol
@coachlawlor
@coachlawlor 6 дней назад
I'm sorry not really. Have you ever worked in a trade for over a year. Like really did labor.?
@coachlawlor
@coachlawlor 6 дней назад
Don't talk about money with people who have more or less than you. Basically don't talk about money.
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