Scott Galloway’s Advice To Make Millions In Your 30s & 40s

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Episode 581: Sam Parr ( / thesamparr ) and Shaan Puri ( / shaanvp ) talk to Scott Galloway about his Get-Rich formula they won’t teach you in school and the hard-to-hear but essential advice every 20-year old should hear.
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Show Notes:
(0:00) Don't follow your passion
(3:08) Reverse engineering $160M exit
(7:30) How to keep top talent in your company
(11:12) "I'm not your friend"
(13:41) Scott's best and worst hedge fund deals
(16:20) Losing $10M every day
(18:14) Handle triumph and disasters the same way
(20:54) If you can't fix it, you have to stand it
(24:28) Lessons about happiness from the dying
(25:51) Statute of limitations on suffering
(28:57) Where Scott steals his powerful phrases
(33:09) Shaan opens his notes app of funny phrases
(34:52) Scott's anti-excited list
(37:33) “Go live in a city”
(39:50) Opportunity in America v Europe
(42:30) The fallacy of hard work over time
(46:56) Money does buy happiness
(52:20) The Algebra of Wealth
(55:33) If you have a side hustle you need a better main hustle
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Links:
• The Algebra of Wealth - tinyurl.com/44yw3h6k
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Check Out Shaan's Stuff:
Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): bit.ly/SupportShepherd
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Check Out Sam's Stuff:
• Hampton - www.joinhampton.com/
• Ideation Bootcamp - www.ideationbootcamp.co/
• Copy That - copythat.com
• Hampton Wealth Survey - joinhampton.com/wealth
My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

Опубликовано:

18 июн 2024

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Комментарии : 378

@Alexvictor-gi6th 3 дня назад

*“She restored my finances.”*

@Alexvictor-gi6th 3 дня назад

The first step to attaining wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.

@Alexvictor-gi6th 3 дня назад

Give this a try and attain weaIth. Get to her

@Alexvictor-gi6th 3 дня назад

Elizabeth Green Hunts

@matturner8 24 дня назад

The whole point of wealth for me is freedom. My magic number in my mind is $5 million needed at 65 to not worry about anything and i am halfway there. Since i am closing in on retirement, i am searching for an aggressive strategy to boost my Roth accounts and maximize the tax-free profits.

@ScottArmstrong12 24 дня назад

Financial Advisory... Many won't tell you this but that's your surest and safest bet since most alternative investments have greater earnings potential but more risk, too.

@LukeMcfarlane5 24 дня назад

Apt!! I was self-managing my portfolio but suffered heavy losses in 2022 and i knew i couldn't continue like that, so i consulted a fiduciary advisor. By restructuring and diversifying my $1.2M portfolio with dividend-paying stocks, ETFs, Mutual funds and REITs, I significantly boosted my portfolio, achieving an annualized gain of 28%.

@ritalorrigan 24 дня назад

Impressive! How can I contact this advisor? My portfolio isnt doing well, and I need guidance.

@LukeMcfarlane5 24 дня назад

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’CAROL VIVIAN CONSTABLE” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

@LukeMcfarlane5 24 дня назад

@EthanBrown_23 14 дней назад

I've just completed the sale of a property located in Portland and I'm considering reallocating the resulting funds into the stock market. Despite prevailing sentiments regarding its readiness, I'm unsure about the timing of stock purchases. How long until we witness a full market recovery? Furthermore, I'm puzzled by the methods allowing others in the same market to achieve gains surpassing $200k within months.

@ChristopherDavies_ 14 дней назад

diversifying your investments is the safest way to handle it. One way to lessen the effects of a market crisis is to distribute investments over a variety of asset classes, such as international equities, bonds, and real estate. It's critical to look for expert advice.

@JessicaThompson. 14 дней назад

The significance of advisors often goes unrecognized until emotions cloud judgment. I remember a couple of summers ago, during a challenging divorce, when I needed significant assistance to sustain my business. Turning to licensed advisors, I discovered someone highly qualified. Despite inflation, she played a crucial role in boosting my reserves from $275k to $850k.

@tunnelvision3246 14 дней назад

What strategies can I employ to pursue this opportunity? I am wholeheartedly dedicated to securing my financial future and am enthusiastic about getting involved.

@SarahTaylor_ 4 дня назад

I searched for her complete name on the internet and located her page. I then sent an email and scheduled a meeting to converse with her; now, I'm awaiting her response.

@daleharris4953 Месяц назад

"The #1 predictor of retention is whether or not that person has a friend at work" I can't tell you how many times I've said "welp my time here has come to an end" immediately after my work friend got a new job.

@Vivienedouglass 23 дня назад

At 36 I already own shares of PALANTIR, TSLA, NVDA and APPL as well. Sure, I don't mind having these equities sit around for a while, but I'd also like to appreciate short-term opportunities that could fetch $200,000 or less..

@AmithKaury 23 дня назад

If you need advice on short-term investments, consider speaking with a financial advisor. They have a lot more knowledge and expertise in this area.

@kurtKking 23 дня назад

True. Having the right financial planner is invaluable. My portfolio is well-matched for every season of the market and recently hit 90% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, though this could take till Q3 2024.

@frankedwardark 23 дня назад

Smart, If i wanted to do the same with my savings funds too, how do i get started trading?

@frankedwardark 23 дня назад

I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

@SeniorAdrian Месяц назад

Guys, I've been suffering from depression and anxiety for 10 years. I'm 31 and living with my parents, but i started watching your podcasts and the information in them gave me hope. For the first time, in a long time, i stopped thinking about taking my life. I'm a digital artist/aspiring filmmaker. Do more of these videos and talk more about network, pipelines, strategic approaches to business, digital ways to make money as a solopreneur, industries and their capital. Thank you guys. You rock.

@moneymakingsim4314 Месяц назад

Hand in there bruh. 🙏🏽🙏🏽

@SeniorAdrian Месяц назад

@@moneymakingsim4314 Thank you brother.

@njay4361 Месяц назад

I hope you find a way to translate your inspiration to action. The key isn't to creating masterpieces every time, it's simply to do something. And to keep doing it, consistently. Tune out of the world and the chaos and tine into the inner you that is begging you to take a chance on yourself. I don't know you but I can see great things ahead for you. Keep going! 🫶

@alexshibu3263 Месяц назад

You got this bro

@wagmi614 Месяц назад

hold your head high king, and read some stoicism and ryan holiday or watch his videos, it'll help

@CliveBirse 14 дней назад

As an investment enthusiast, I often wonder how top level investors are able to become millionaires off investing. I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make decent returns

@mariaguerrero08 14 дней назад

I think this is a time where financial advisors may come in handy for everyone, not just newbies

@mikegarvey17 14 дней назад

IMO, financial advisors are the most sought-after professionals after doctors. My portfolio is well-matched for every market season and just yielded 85% from early last year to date. I and my advisor are working on a 7 figure ballpark goal, tho this could take another year.

@ThomasChai05 14 дней назад

@@mikegarvey17I appreciate the implementation of ideas and strategies that result to unmeasurable progress, mind sharing info of this person guiding you please?

@mikegarvey17 14 дней назад

My CFA ’Gertrude Margaret Quinto’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

@Grace.milburn 14 дней назад

Thanks for the info, i found her website and sent a message hopefully she replies soon.

@blaquopaque 16 дней назад

I began working at 18, strived and grew my portfolio to 600k by 27. 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 15 years.. What should I do?

@Curbalnk 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.

@velayuthman 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.

@greekbarrios 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.

@kashkat987 16 дней назад

@greekbarrios 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??

@greekbarrios 16 дней назад

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Kristin Amber Landis” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

@Riggsnic_co 25 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.

@kevinmarten 25 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 $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.

@Ashley186fre2 25 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 2019, and I return at least $21k ROI, and this does not include capital gain.

@Jamessmith-12 25 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.

@Ashley186fre2 25 дней назад

'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

@Jamessmith-12 25 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.

@1NN3RxC0R3 Месяц назад

"1 out of 7 businesses succeed that's why I started 9"

@WellActualllyyy Месяц назад

what’s the timestamp where he says that?

@yousefales4665 Месяц назад

@@WellActualllyyy Somewhere between 40:00 and 42:00

@FostRaider Месяц назад

It will take you 20 years....Do it

@alexg8460 Месяц назад

Funny I’m almost at my 9th hope this one is the 1 🙏

@zolagb9428 28 дней назад

Rich parents to take the hit from the failure. Wink wink

@mikeeinstein1 Месяц назад

I really appreciate how there was not 5 minutes of teasers before the episode began. Please keep that up.

@kennethrosever8843 Месяц назад

Great pod. Worth watching two times and then twice again with a notebook.

@Asmonix Месяц назад

my 30's begin tomorrow. got to watch fast

@TylerBTalking Месяц назад

Happy Early Birthday 🥳 It’s a blessing to make it that far.

@alexshibu3263 Месяц назад

No ways my 20s start in 2 days

@whisper2284 Месяц назад

😂😂😂

@philipalxander Месяц назад

My mid-20’s start in 4 days hahaha

@tigreytigrey8537 Месяц назад

Key to getting rich fast (as someone who's kinda rich already) is to SLOW DOWN and ORGANIZE YOUR IDEAS AND THOUGHTS ON PAPER (or better yet a computer. Evernote is great for this)

@herpaderppa3297 Месяц назад

What a lot of people don't get right about Europe is that people who start businesses go to a BANK and get a loan. If they fail they have to pay it back and ruin their whole life. Failing over and over and over is just not possible.

@dm96177 Месяц назад

Scott, thank you for putting your voice out there and talking about these important topics. Just ordered your book and can’t wait to read it!

@user-yt5pj3lp3l Месяц назад

This AMS66P is a revolutionary project and amazing technology.

@raebean6018 Месяц назад

I have never heard of this bloke before, nor have I watched this channel before, but as a 37 year old woman who has had to start over after a work breakdown, this was a really great talk. And the best thing is he's not a theorist! He's done the work, and he's not giving an unrealistic view of the world!

@brushstroke3733 26 дней назад

I lost my job nine years ago. When Scott talked about skills atrophying and losing confidence, it hit home. I need help getting started again.

@njguy5101 18 дней назад

I would say take something simple even at supermarket just get u out then look for something better

@coolpeips Месяц назад

His no bull is so refreshing

@Sleepy_Babushka Месяц назад

Scott’s entire disposition is refreshing. We need an authentic voice of reason in this country right now.

@akshatshah4238 Месяц назад

Great pod. This is a masterclass on how to ask great questions...cheers Sam. Brilliant.

@projextawtt Месяц назад

One of the things I liked about your videos was that I could listen to something interesting without the ads.

@ErickaWilliamsCC Месяц назад

This is a great one.

@pyewaw Месяц назад

I hated Scott so much because of his Twitter takes and now he has completely changed my perspective on so many things. What a genius! This is one of the best episodes you have ever done.

@souelyoung2233 Месяц назад

Very very brilliant and shrewdly conducted interview. I learn much and really enjoyed this one . Happy Mother’s Day

@CoachMarkspeaks Месяц назад

I fell behind 4 episodes because I was traveling and as I caught back up, I left this one for last because I thought the others would be better. All 4 of them were great but I just realized I inadvertently saved the best for last. This episode had so many 💎’s. Simply Amazing

@dizzyh Месяц назад

I am so grateful to have stumbled across this video. Thank you so much. This guy is amazing ☺️

@shanilevi2690 25 дней назад

Wow, such a great episode! So glad I started listening to you guys again after taking a break. You have even killing it!

@shanediesel4562 Месяц назад

First minute intro great! Clear, direct, actionable

@charlespennock4063 Месяц назад

I needed this video! Thank you

@julianengel13 Месяц назад

I just watched his TED talk an hour ago, and now this popped up. So stocked 🎉

@ddfelder2 Месяц назад

SAME!!! Best TED talk hands down!

@EriPages Месяц назад

"Stoked"

@OzoTenzing Месяц назад

Scott Galloway is all over RU-vid.

@owijayson Месяц назад

Same

@1122Jet Месяц назад

Really Enjoyed this!

@luisg6404 Месяц назад

This is your best episode. Thanks!

@paritosh-sharma-storyman Месяц назад

Absolutely brilliant. Scott is just sheer incredible

@earx23 Месяц назад

Even the first 5 minutes are solid gold! Thank you for this! 12:00 Word, employees are not your friends. But indeed an excellent comparison is that they're your kids.

@RM-jb2bv Месяц назад

He just said the secret to his company is all his employees are friends with one another. Newsflash: Nobody goes to work and stays at a job bc they have a friend. That’s asinine.

@earx23 Месяц назад

@@RM-jb2bv it can help. He didn't talk about the couples phenomenon, though. IMHO that's a big down side of people being friends in the work place. They're harder to command.

@chilloften 27 дней назад

Yea, what’s in their contracts?

@kkhdelivery6208 Месяц назад

This hit all the emotions

@TeamPlanlos 29 дней назад

both

@MattTheMortgageGuy Месяц назад

How can you not love this guy and his sense of humor?! New Scott Galloway fan here!

@tigreytigrey8537 Месяц назад

He's also one of those LA bubble people who's critical thinking abilities have been brainwashed away. Watch, I gaurantee the more you watch him you will eventually see Him go off on a random virtue warrior tangents that make absolutely NO SENSE whatsoever, Nor does it align with his ability to think critically in business. It will make you scratch your head since its basically a paradox lol.

@Sleepy_Babushka Месяц назад

@@tigreytigrey8537 found the hate spewing troll/bot in the comments.

@UmarDin20 Месяц назад

Watched this episode a few times already, great episode as always guys 👏🏽

@kayser152 Месяц назад

This is one that I'm adding to a playlist folder and watching a few times.

@cuanchai Месяц назад

A very refreshing episode that touched on every emotion.

@ido_oz Месяц назад

One of your best Episodes of 2024 so far, if not the best.

@martinboyd447 Месяц назад

So Powerful. Just listen if you wonder about the ups and downs. Amazing!

@drewmcleod1598 Месяц назад

Finally some clickbait aimed at people in their 30s. Always seeing “how to make a million before you’re 20” is exhausting lol

@mikestarks8464 25 дней назад

New business owners do work 80+hrs a week often 100hrs as well

@Harpreet06 Месяц назад

Very interesting, he's right though, I've definitely stayed in workplaces too long just because I had friends there. A lot of wisdom here, you guys should definitely get him on again, his words really struck a chord with me.

@CleanWithDarian Месяц назад

I never heard of this guy before this podcast but I’m so glad I listened. This was so insightful and incredibly inspiring. Thank you guys!

@AlexMacGregor Месяц назад

Great episode! Scott is a legend

@dwayne9959 Месяц назад

Easily One of the better episodes

@PeterLotterhos Месяц назад

Love yr honesty

@therealmvp7475 Месяц назад

Thank you.

@paulpatel9657 Месяц назад

Great advice.

@warrenbailie Месяц назад

Scott has this way of taking over the conversation or in this case the Podcast. He did the same on the Rich Roll Podcast, and it's not a bad thing. What he's sharing is well-thought-out and well-spoken education and wisdom. He's been through it all and as an educator has the experience to deliver it.

@ombeomusic3364 День назад

Very practical advice and very eloquent with words

@scottwilcox2997 Месяц назад

One of the best podcasts I’ve seen in a while. Scott is literally brilliant

@drachenmarke Месяц назад

Hmmm… Scot had a 2.4 GPA, lost millions in 2008… how did he make his $$$… Oh, start a podcast and consulting biz…

@Richversion369 Месяц назад

Thanks and really appreciate 🙏♥️

@209CryptoE Месяц назад

Great episode...top 10.

@UWABEAUTY247 Месяц назад

You're the answer to a friend’s problem 🙌🏿🙌🏿🙏

@hzad5009 Месяц назад

Let's GET IT!!!!

@JFourMileRun Месяц назад

Great episode. Scott is funny.

@danieladetayo3711 Месяц назад

My favourite teacher on my favourite podcast. There can only be one outcome

@EcomCarl Месяц назад

you nails it with focusing on talent over passion-developing mastery in a practical field can unlock real fulfillment. Excited to dive into 'The Algebra of Wealth' for more insights! 📘

@jrp6313 Месяц назад

This man is such an inspiration!!!! ❤

@tarekaz Месяц назад

Episode of the year so far. 🔥 Second time I think a guest of yours needs to have a movie made about them. First was Sarah Moore, now this.

@scottmccoy4335 29 дней назад

Great talk Scott, dream and do it NOW

@missdale8290 Месяц назад

Great interview but I wish this guy had a book.😉 Thanks for sharing some of your wisdom, Scott!

@10000Mistakes Месяц назад

Great pod. Probably worth listening 2 or 3 times.

@robertbruceryan Месяц назад

Shaan , Sam, high praise moment- > You guys are a “Joey bag of donuts” pod cast. 😂 enjoy the acknowledgement!

@TJInTech10 Месяц назад

well said

@perfectlycontent64 28 дней назад

Insane amounts of wisdom in this interview.

@HamidAhmadi-pv2vi Месяц назад

Thank you very much for sharing your experience and knowledge about trading and binary options. You truly help people achieve financial independence.

@moneymakingsim4314 Месяц назад

Definitely buying the Book this afternoon Scotty G!!!💪🏽 Love your content!! To the producers, yet Another banger! Love from East Baltimore. From Sim the trucking guy.

@drachenmarke Месяц назад

He’s all self promoting.. he’s a hack….. watch his old vids.

@phil_techuk Месяц назад

So interesting you talk about the Tall Poppy thing in the UK. I'm from the NW of the UK and discussed the very same thing on a podcast a few weeks ago. Shot down if you want to be successful at something. Need to learn how to build each other up like our American cousins. Great episode

@kevvwarren Месяц назад

This is the realest pod ever dropped.

@angelocean365 Месяц назад

Scott is such a capital G!!!

@Caleb-ft6vj Месяц назад

What is the Deloitte study that they mentioned in the beginning of the episode?

@TerenceMarais Месяц назад

One of the biggest truths about the value of the US: "People start from yes here." No place on earth like the US.

@samcharo Месяц назад

Powerful ❤❤❤❤

@SandcastleAndy 23 дня назад

I left the UK because the word no comes way before yes and how can we work together was always in the distance

@FostRaider Месяц назад

Damn...I'm a 39-year-old business owner. This hits hard. Never heard of him until now. Thanks

@drachenmarke Месяц назад

He was big pro/censorship pro-lockdown type, a limousine liberal.

@majordelays4909 Месяц назад

Pro lockdown - oof - that seems inconsistent with his values 🤔

@cesuntbanii Месяц назад

he's somewhat of a statist...

@matador677 Месяц назад

Very few companies get multiples of revenue for their company. Tech companies like software where it’s high margin and the acquirers can own the IP, then that’s a possibility. EBITDA, receivables, owner’s equity and inventory if there is any is what will drive the valuation.

@okoiful Месяц назад

How is this guy such a happy person?

@ripapartjoel Месяц назад

Love how Sam and Shaan just let Scott go off for over 10 minutes on stoicism. (20:56 on)

@murtazaalamm Месяц назад

turning 21 today! Thanks for this🙏🏽

@SantiagoGil-vs3ri Месяц назад

well this guy is my new favorite....

@elloumimehdi5786 Месяц назад

Genuily one of the best role model. Very interesting

@stephanieawuah Месяц назад

First time hearing of Scott G. Thoroughly enjoyed listening ‼️ Definitely replaying. If he HAD to make sacrifices so he could enjoy the "balance" he has now, would he do it again and to what extent, wondering 🤔

@Aiolosz Месяц назад

very interesting thing about balance you either have a balanced life or you push the crazy work somewhere in your life and then have more fun then the balanced out lifestyle has for the other half really something to ponder for people