Also being in the right place at the right time is important. I was there once then lost it. Since then I seem to always be on the outside looking in; just can't seem to have money to invest during opportune times.
Hard work doesnt make money therefore the owners of com panies hire less emlpoíyees or they decide to fire few emlpoyees to save money because they say prodution of the products is too high, we are gpoing to fire several people. but the ordinary workers work harder for the same money....because the several emploees were fired from work.
Don't fall for the mainstream advice on how to make money. The best investment is in yourself-through knowledge. Books are the way to learn the most. The Hidden Truths Of Wealth by Oliver Mercer helped me launch my first business and rise above 90% of others.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.
I appreciate you sharing this. When I looked up the woman you named and read through her credentials, it was obvious that she was a complete professional. I just need her to respond to the message I wrote her.
Key points to be taken From this podcast are : 1. When you are young, dont waste your time in laziness , be active, try to move to a big city, have credentials . 2. Never be ashamed to ask for advice from people . 3. Every job is respectful 4 Diversify YOUR investment 5 Dont Go all in in any investment especially if YOU are old 6 Go out and make connections and meaningful friends and relationships 7. and lastly LUCK...........
Thanks for that. I don't havevthe time to listen to all of it. As a 60 year old, who did 100+ hours in her 20s, I'd say he is right. Every job is service to others. I've been a warehouse worker and a van driver, both jobs that help society function, that's always a good thing.
This guy has literally blown me away in terms of his willingness to expose easy ways to get rich and avoid tax. This 90-minute podcast is better than a 3yr degree!!
You were spot on with your comment describing a 90 min podcast into a few sentences… except for that last sentence.. people do it ALL the time on YT I don’t know how people can be such “ignoramus retardus” (Latin term for the developmentally disabled) Anyone with Degrees in Finance, ex; Tax Law puts them directly ON TOP of the other 5 million who watched this When RU-vid corporate finance dept announces they’re hiring a new partner to head their team of corporate tax strategists, benefits: six figure salary, paid vacay, healthcare, annual bonus pay performance related, stock options.. etc Applicants MUST have Degree and background in Finance from accredited western university (sorry the University of RU-vid just doesn’t cut it) and Scott Gallow would agree.
@@jroche1832 You are very uneducated about inflation rate and statistics of the people you met. Where do you get the number 12%? "Just work it out, it's not hard". My friend, you should run that number by yourself to prove your point, don't put that burden on other people. I ran my number and it's no where near that 12% you mentioned (calculating food, traveling cost, electrical devices, ...). You don't understand the compound of interest. You want big things, and you want it now. Sound like a disaster as you're not rich (and probably not going be rich by any time soon).
Recently, I've been pondering retirement. I've also want to put $300K into the stock market but i need an approach that will align with my risk tolerance and financial goals to secure our future..
Thank you for the tip. It was easy to find your coach. I did my due diligence before scheduling a phone call with him, and he seems highly proficient based on his résumé.
Learn about dividend growth stocks and closed end funds. which will allow you to make money from dividend passively regardless if the market goes up or down. Your basically creating an annuity from investments and using the dividends as income while never selling the underlying shares.
You maybe OK till November, but remember it took from 1929 till 1956 for the stock market to recover. Too much money printing; it's a house of cards. So is property at these prices. Commodities and Crypto are the value markets. Silver stocks also.
@@RuthBeyond50 unfortunately there’s also plenty of ivory tower left in his declarations as well. Especially when he talks about credentials (gotta keep those subsidies for useless universities flowing his way).
This video really got me thinking about the best way to secure my financial future. With $340k saved up, I want to make a smart move that ensures stability and growth. Given the economic uncertainties and the points Scott Galloway raised about traditional paths to wealth, what would be the best investment strategy right now?
Great question! It's so important to be strategic with your savings, especially in these times. Have you considered diversifying your investments? A mix of stocks, bonds, and real estate could provide both growth and security.
I agree with diversifying. Also, seeking advice from a professional might be a good idea. They can tailor a plan to your specific needs and goals. Have you ever worked with a financial advisor?
He’s very blunt which is refreshing but leaves out a little of the truth. I believe when he refers to “luck,” it’s the factors a person can’t change: Being born to the right (affluent) family, race, gender, not growing up in poverty, access to the top education, receiving money in a will etc. So much wealth accumulation is based on “luck.”
Luck can be supplemented by being prepared for opportunity though, just because you can't change some of these circumstances it's going to be a difficult challenge but unless we're ready to make those sacrifices we will never make it to where we want to be.
Utterly disgusting that middle class “earners” like me are taxed to death yet the very people who can afford to pay the most tax actually pay the least. It stinks!
I agree. I’m 31 and only a financial hobbyist and this guy legit just sounds like a grandpa who’s made it and trying to have you learn the lessons he learned the hard way so you don’t have you.
What a difference now vs then. Growing up in the 50s my parents were both kicked in the head (PTSD) by the war. No money, no role models for me (my dad was out of it forever), plus they married across classes. So I had no class roots (this in UK) nor did I resonate with the class around me; to add to this my dad (for his own sanity) moved into a social desert; lots of houses with no-one active / no kids. So no friends for me age 11 - 18. The world was not big and full of opportunity, but closed, cold, isolating and bare. My mother, then I, had nervous breakdowns and we did not know why. This teaches me that location influences opportunity - as well as the people, their wisdom and kindnesses. Don't live in a desert, there is no-one there and no opportunity.
In my mid 50's,I had been working 3 years in the mines of North Queensland,returned to New Zealand,it took almost a year to get a good job,spent most of it on minimum wage jobs.Out of the blue I landed a processing job in a dairy plant, earning nearly 6 figures the first year.Invested over 50% of my income each week,have done very well.Now 66 ,but will work until end of 2025.Have taken a easy basic job now for 40 hours a week.You can build good investment fund for your self on blue collar work.
In Australia we're getting to the point where we cannot afford all the groceries we need for a balanced, healthy diet. Wages wont be on par until 2028, apparently. Utilities have escalated. House prices gone to the moon, no rentals....tent cities popping up in local parks. Takes three working people to buy a property. Generational living is being practised for survival. Seriously not good here. Not many have even a few dollars for investing, many behind in their mortgages, rent and credit card payments.
Yep. This is the fallout of the neoliberal economic construct. Constantly increasing lending against speculative assets (ie housing) that were increasing in price due to the proceeding excessive bank lending into mortgages. Capital allocation has proved to be a failure when left to the unfettered instincts of bankers in this case. As for the supply side, this too has been gamed to death with land bankers drip feeding the market for maximum profit. Capitalism does not serve the people if it is not somewhat regulated or there is lots of real competition, which there isn't.
Change the tax code, but that would take an act of congress, which is fully corrupted by these ultra rich. True, the game is rigged, so learn the rules of the game and join the fun.
The problem we have is because Most people always taught that " you only need a good job to become rich " . These billionaires are operating on a whole other playbook that many don't even know exists.
It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.
Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.
I can listen to Scott Galloway all day - I went to UCLA and grew up in a pretty low income household (father was a mechanic and mom was a receptionist) and didn’t know anything about money, and saw the vulnerabilities of people who prioritize money and make money their life, so I accepted becoming a teacher to at least have a purpose. Now being older I realize see how capable and possible it is to grow money Thanks Mr Galloway!
Thank you for sharing your story! 🙏 It's inspiring to hear how you've navigated your journey and found purpose. Scott Galloway's insights are indeed invaluable for understanding the potential we all have to grow financially, regardless of our starting point. If you're interested in learning more about taxes and finance, you might find my RU-vid channel helpful.
Besides the fact that you could also listen to this outdoors without a screen, this informative, educational program certainly won't claim the tag "wonderful" for itself.
my investments and the pay-off happened inside my home on a screen, and this guy advises people to invest, so it's still true because getting rich is not truly really wonderful in the same way human relationships are, especially when you accept that your existence is finite
Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid economy crisis, and even pull it off easily in favorable conditions. Unequivocally, the collapse is getting somebody somewhere rich, HOW? and u want the generation to be happy???
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts with experience since the 08' crash
You're right, I and a few Neighbors in Bel Air Area work with an advisor who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portfolio grew 40% in the last quarter.
i'm blown away! mind sharing more info please? i am a young adult living in Miami where i've encountered several millionaires, and my goal is to become one as well
I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "LUCIA ALICIA CRUZ" I've worked with her for years and highly recommend her. Check if she meets your criteria.
I started therapy at the age of 23 because of crippling panic attacks. My therapist would occasionally say “protect yourself financially”…..amongst other nuggets of wisdom. This stuck. I went from spending every cent I earned to becoming a property investor on an average wage. I spent a little, saved a lot. I still had holidays overseas and went on the occasional spending spree but it didn’t matter because I was saving so much. I had to retire at 51 due to an illness. I can’t imagine how stressful it would have been to have had to retire early and not have money. I had laser focus on saving and investing and I don’t regret any of it.
Thank you for identifying LUCK as a major factor in "success" Ie financial security . This is the real issue as most of the planet is working its backside off but hard work does not equal "success"
The conversation about storytelling being the distinguishing factor in success is so spot on. even working in a restaurant or fixing someone’s car: at the end of the day how the customer feels about the service and how they perceive it is the number one thing.
Thank you for this one. As someone who made millions and their 20s lost it all when I turned 30, and now 31 on my journey to reclaim life’s treasure. This podcast sparked ambition and determination to continue forward, no matter how treacherous the obstacles can be . Again, thank you for this Podcast.
I’ve followed Scott through multiple platforms. He is never shy about how lucky he’s been and how fortunate his situations have been. He’s one of the few people saying that the elderly need to plant trees that they won’t feel the shade of. That’s the only reason I still listen to him. Otherwise he can be a pretty big prick.
Same. There have been many times I literally applauded something he said because it was so dead-on. There have been at least as many times I cringed at his douchey tone-deafness.
Agreed. Saying he needs $3,000,000 per year to fund his lifestyle is all kinds of gross . I'm not so much envious as in despair that he's seen as a role model for sound life advice.
@@thefinster You say agreed...then you expound on how you disagree. This guy has paid an exponential of tax more than you are likely to make in your life. He gives money to causes and people he believes in. He is generous in sharing solid, relevant advice for living a productive and fulfilling life. And he's quite open in saying his life is one of luck, privilege and damn hard work and persistence (encouraging others to capitalize on what they have and what they are good at). He's also not a snob - he believes in and works for opportunities for unremarkable people to be millionaires. You may call that gross. Go live your best life and show us how it's done.
Funny, I said that I didn’t care for his personality but he is pretty dead on with his advice and observations. Would I want to hangout with him at a bbq? No.
Agree I am addicted to every episode this is my education to current affairs .....Steve has a gift for interviews to bring out the best information in layman's terms and current topics in an easy straightforward concept. I'm never bored always engaged as{ he listens very skilled in this}asks relevent questions and if he does contribute its a story relating to topic. A very clever interviewer he and podcasts has taught me so much. Please Steve {and your team} be brave keep interviewing everything we need to be aware of as we all know knowledge is Powerful and we need you to help us all understand. You have a platform so I beg you to stay true to us all. Much respect . In awe but don't ever push yourself or team to be stressed take your time no rush, I would wait every week /month to listen and watch to every special episode. Appreciate the work this takes . Thankyou so much xx Trudy
"In my thirties my number was 10 million and than things got so expensive". Just to give you guys some perspective, this was around 1998. This dude is telling people here that 10 million was not enough in 1998 for him. Good luck to all young people in 2024.
Well, he mentions "greed glands," so he's probably referring to lifestyle creep and his own ambition. His business and lifestyle costs increased, and he also simply wanted more, so he increased his own number.
After listening to Scott's suggestion to talk to people, everybody, I got chatting to a woman at the outside gym. I told her I'd been doing online qi gong teacher's training and am tossing up whether to give it up. Upshot is, she is coming to a class I'll give tomorrow morning, at the outside gym. I met another person there this morning and invited him, so tomorrow I shall have 2 students! This is giving me much needed motivation to do my practice and study. Not only that, I feel unburdened! Thank you Scott, for expressing this small yet significant action.
Theres is dignity and in all work! So true! And Grace! Everyone can’t be a CEO! And who will clean your studio if you look down on them for doing that! We need to treat every one with kindness and grace when they are doing a good job, whatever job that is! 🍀
@@notagain1952I for one felt my attention span increase watching these interviews rather than endlessly scrolling regurgitated content on social media.
Really liked Scott Galloway and would love to hear from a woman that worked with alot of woman that had practical and honest tips like Scott. Great job.
Try Chelsea Fagan of The Financial Diet. She turned her life around from credit card debt to star and producer of a female focused financial advice channel.
Scott gets it, no one likes to hear 100% honesty. His perspective on growing up low income and the “ghost” that follows you is unparalleled. People, and especially men, truly listen to him and allow it to resonate. That ghost will continue to follow you until you do something about it. The last thing you want to do or should be doing is worrying what others will think of you, life is finite. You deserve to have your happiness and free of financial worries. Remedying that situation will change your life and everyone around you! Do what you know you have to do now. Even if that requires you to take a step back for awhile to truly level up. Be humble enough and realize the only reason you haven’t is because of how others will perceive you…which is nothing to worry about in the grand scheme of things. Thank you Steven for bringing Scott back to your platform 👏
Scott is truly something. He looks shocked by the tub of sand analogy, refuses to acknowledge it as a analogy of compound interest, instead says it’s more of a lesson in story telling 😂😂😂😂😂😂😂😂….dude is mad great and very American 🇺🇸
My take home: - Find what you’re talented at, as early as possible, and be great(or at least be good) at it. - Start making money early. Start from somewhere but be focused and have a plan. - Start investing early, and as you grow and become more liquid, DIVERSIFY! - The end goal of good wealth is to be able to enjoy it with great relationships, so start investing early in your relationships. Be a good person!
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional.
I know Laura, she has really set the standard for others to follow, we love her here in the UK as she has been really helpful and changed lots of lives.
31 years old, dream job, kid turns 2 this year, mortage with partner and her dream job. this video made me start investing. it's small right now but i know my future self is going to thank me for it, loved this episode, it's one of my favourites so far right up there with your jimmy carr ones
@@Pilpslmao saying boyfriend and girlfriend is not childish. You sound like the type to purposely try to be more or of an adult or mature. That’s so cringe. Partner sounds weird af bro 😂.
Great strategy for people with money looking to diversify their investments. I know someone who has done this in the pricy Bay Area. She has great cash flow on a home she bought 20 years ago and is breaking even on a property she bought three years ago having put 1/3 down. Ten years from now she will cash flow better and her equity will be through the roof. She did the same for out-of-state properties.
This year I want to use earning calls to help with my strategy on companies I want to invest in. However, I don't understand them. I am always lost and have no clue what they are discussing I lose interest after 20-30 minutes and not gaining much insight. What things should I be looking to get out of an earnings call to help me invest in a specific company or real estate?
Experts say it makes sense to hire a financial advisor in the following circumstances: You don't have the time or inclination to manage your finances. You experience a major life event, such as a marriage, divorce, loss of a spouse, birth of a child, relocation or change in your employment status and for full profit uderstanding because that is the purpose of investing at the first place .
In my opinion focus on two key objectives. Learn when to sell stocks to minimize losses and maximize gains to start protecting yourself. Second, prepare to make money when the market turns around. I advise speaking with a broker or financial counselor will be much better .
Cynthia Alexandra Depken is the licensed fiduciary I use for guidance . I do not think self-investing worth is worth it from my experence . Some may have no account minimums and charge annual management fees of less than 0.5% per amount managed. Self-directed investment accounts have the lowest fees and give you the most freedom, but the risks are higher. A safer choice is to hire a financial advisor and let them guide your investment strategy.
Financial advisors can play a crucial role in helping individuals employ dividend investing in their portfolio . These professionals have the knowledge and expertise to analyze a client 's financial goals , risk tolerance , and investment timeline to determine the most suitable dividend stocks for their portfolio
This podcast is actually unbelievable. I love the questions, in dept dialogue, calming british accent, diary questions and answers as well as little things like the cold plunge and sand bucket.
You're only as good as the decisions you make today with the money you have. As a single mom, this time last year I considered investing without much knowledge and decided to have a consultation with a fiduciary, and it was incredibly insightful. One year and a couple of months in, and I'm debt free. I truly cannot stress enough how helpful experts in this field are!
It’s not rocket science. As I said previously, I got into ETFs, index funds, REITs myself but wasn't getting the results I wanted the first couple of months. Got tired of taking losses and decided to seek mentorship from Jonas Herman, a certified fiduciary who helps oversee my investments in ways that have made me good roi. Now I sit back and reinvest at intervals while I focus on my 9-5.
Sounds like I need help so bad. To me, investing is not worth it and I know that's the same mindset holding me back from taking a step forward in my finance. I guess I'm just scared since I'm green to it.
Scott is right about a lot of things. The one blind spot he has is he believes just because people are nice to him at dinner parties that they're actually good people (he'll talk about going out to dinner with Candace Owens, for example, and remark on how nice she is as if that absolves her of all the damage she's doing to young people's minds online). The rich aren't bad because they're rich, but rich people can be bad for society, and you should judge them based on their actions and how said actions affect society. The rich aren't Montgomery Burns polluting the rivers? Not all of them are...but it IS some rich company owner deciding to get around regulations who's polluting the river, Scott.
I am that “ one out of five” who started a 403B at age 38 and now in retirement am quite comfortable because of my methods. Most of my other retired coworkers are doing fine, but still watch pennies. Some are bad at managing $$ and it shows. I scrimped and saved all I could while working a total of 42 years, paid off my home, am still driving a 22 yo old car. I learned from my parents who lived without being in debt and my ex husband who was a finance - guy. Never had children, but would have loved to if it had worked out so…that’s also a huge $ saver.
You do know that you aren't taking that money with you when you pass away, right? Nor do you have any kids to pass that wealth onto either... So... Congrats?
Love this convo with Scott. I like his no bull sh*t type of advice. The direct, tangible, and practical approach to life and finances is refreshing. So many valid and actionable tips to embrace and act upon. Thanks!
Goodness, I love this channel and Scott too. 60 year old lifelong, dismally sucessful, entrepreneur and author here. Atheism - the embrace of self responsibility, has made me face each of my foibles as personally mine.
Scott Galloway’s insights really hit home for me. It’s frustrating to see how wealth transfer policies favor older generations while young people like us struggle with housing and student debt. His point about the myth of hard work alone building wealth resonates deeply-it’s clear we need more strategic focus and financial literacy. But beyond the economics, we need to address the mental health impact and social disparities that tech and social media amplify. Are we really doing enough to create a supportive environment for our generation?
@@The_Love_Doctor_Sean Dismissive attitudes like yours ignore the real challenges young people face today. Rising housing costs, crippling student debt, and mental health struggles aren’t ‘crying,’ they’re facts. Educate yourself.
@@The_Love_Doctor_Sean I respect your view on personal choices, but how do individual choices solve systemic issues like skyrocketing housing costs, crippling student debt, and widespread mental health struggles? These are driven by broader economic and policy factors beyond our control. Can we really ignore these realities?
@@MatthewEGolden he speaks a lot of sense. I was born in the late 70's and I am shocked at how entitled, ignorant and work shy people who say things like the one you just did are.
@@MatthewEGolden have you seen his latest TED talk? He shows a lot of good data and puts forward some good initiatives to support younger generations. He calls for academic institutions who have billions in investments to lose their charitable status as they are more like investment funds who run training on the side. He advocates for some very good ways to redistribute wealth. Worth a look.
@@MatthewEGoldenI don’t understand your issue with his honesty. He admitted he was lucky and privileged which isn’t the case for 99% of us now in the newer generations.
As a 39 year old male living outside the Seattle, WA area with a kid and wife, it's difficult to live here. It's expensive, and the housing market is fucking terrible with an average of 650k or more per house. I don't want a 3500-4k monthly house payment, fuck that. All I've been doing over the last 2 years now is listening to finance podcasts, how the money system works, etc etc. Keep up the good work my guy!
Going to be blunt. Hustle harder or get out, you might not be cut out for that grind (and that's ok). You are in one of the best cities to make money. If you want to stay you need to figure out where your intersection is with tech and natural skills. Take Scott's advice to heart, he's right.
"When I started my business my girlfriend paid our rent" That way even me could take risks! I was waiting for this truth, in fact I didn't have to wait too long, thank you for saving me from watching the video until the end.
Agility with geography was our secret sauce. Met my husband overseas who was on the same path. Pooled resources. Invested and diversified. Mid 50s now and reached our 'number' AND still happy together.
That's what both men left unsaid in the discussion about the Power of Marriage. The key is to find someone on the same path, with the same financial mindset. If anyone is worried about divorce, know that the #1 reason is financial disagreement and difficulty. Finding your person is as much about a financial match as any other kind.
Scott Galloway mentioning his atheism as a source of confidence is so empowering for a generation who are growing up and questioning their belief in God.
Sounds to me he is just saying what most others are saying. I personally think it’s irrelevant to the conversation to bring up he doesn’t believe in anything.
I am now 60 years old and although my financial situation is very good, I am at a stage in life when this money is not of much use to me. I actually needed this money when I was 25, so my advice to young people is to enjoy life and don't think too much about the future.
@@kupewataaka6917 I understand perfectly, I had the same experience. As time passed, I had more and more money, but less and less opportunity to use it.
While I agree with the principle, I recall my older brother who said “I’ve been rich and I’ve been poor, and I’d rather be rich”. This is not about building wealth, but being poor is debilitating. Don’t be poor.
Great advice, just one thing I would disagree with. At one point Scott talks about being wealthy frees you from anxiety. I think anxiety is almost a personality trait. If you are a worrier and you get rich, you worry about different things …I know this is an opinion and only reflects my experience.
Being poor is not optimal either. I have a good balance between God, family and income but working less and making more has made my life better. This morning I will wake my sons up and read a chapter from the Bible with them and talk about it, then we will do an online college class on economics, and after that we will exercise for 30 mins. The men of the family start our day that way. When my income improved I was able to volunteer more and be a better father and husband.
One of the best podcasts I've ever heard. Priceless advice for people of all ages. So many things I wish I'd known in my early 20s but am still willing to learn in my 40s.
When he said he'd give his son 3 years to become successful being a musician (or any independent creative) then don't even bother. It's probably 7 - 10 years doing it every day and even then it's not 100% guaranteed. Definitely not recommended unless you're serious about it.
Thank you for asking these very intelligent people to explain things to you as if you were a child even though I would say you are quite intelligent yourself. This allows me to comprehend somewhat technical jargon full terminologies and concepts in a simple way. This sets you apart from other podcasters and makes the 1h49min worth every second.
@TheDetroitblack because what you want now literally can't be the same as what you want most, otherwise what you want most is worthless and takes no effort to obtain and your cry about it after
What he doesnt talk about is guilt from success. I work maybe 3 hrs a week in my business. Profit about $440K a year. The guilt comes from seeing ppl around you suffer and you thrive financially. Not always all sunshine and rainbows. Thats why its so important to give back to your community
One of the ways to give back is to pay taxes. It literally hurt me when they were talking and laughing at how good the 1 % is in avoiding taxes. If they paid their fair share maybe we would have had better healthcare and people didn’t die. Maybe mothers would’ve had free or reduced cost childcare so they are not kicked back to work when their baby is 6 WEEKS old. For 10 hours a day. Just to some rich folks can spend 3 mill a year.
@msmaluu knowing what I know now, I would rather directly help people in a systematic way than pay more taxes if I can avoid it. I don't trust the government to use my taxes well. We see this everyday.
I'm so glad to see Prof. G. on DOAC! I was recently thinking that he'd be an AWESOME guest...and now I'm watching him 😮🫨🤯 Thank you SB and Team for bringing Scott on board. 🙏👏
The small consolation is that people that have lived other times are affirming that there may actually be a reason it feels like from a 29 year olds perspective that we do live in a pretty miserable time socially and economically
I get having money to not have to work into your sunset years, BUT happiness is a perception. Not everyone needs a ton off things, nor money to be happy. I just want what I need to live a good healthy life. I don’t need to travel the world etc. peace to me is less.
Absolutely. He said it himself, he wanted $3,000,000 a year income without being dependent on salary. Different people have different target numbers. If I had $3,000,000 total, both myself and my husband would never have to work another day in our lives. £50,000/$65,000 per year would give us both a very comfortable lifestyle. You can live a happy and modest lifestyle if you're a happy and modest person.
He’s a typical tech/finance bro from NYC and they’re all focused on money- he seems intelligent but egotistical and probably difficult guy to live with… just my two cents worth
@@DraggonnyWhich exactly problém of todays world. Where most people would be ok working And just have roof over their heads, food on the tablet And be healthie. But its just isnt working anymore.
@@jakubpelikan2393 Yep. Because to have a multi-millionaire at the top there has to be exploited workers experiencing wage theft at the bottom. You don't get rich by working, you get rich by not paying your workers or your taxes fairly.
I've listened to Remit Sethi & now discovered Scott, both on the same wave lengths. I've already started my Vanguard ISA. I've shared with my children, Partner & Friends. Awesome advice. THANK YOU
Thanks for the great interview with the GOAT Scott Galloway! I’ve had my family listen to his interviews to see how money can impact our lives. Tax avoidance is the key!
I'm about as close to a security guard at a parking lot as you are going to get. Man was right that there is very little stress, unless of course the tweekers come out of the woodwork. However, the time I am afforded to pursue other opportunities at work has given me the ability to become educated about the stock market, real estate, and finance to the point that, while my current job makes half what my last job did (1/3 when I started), I am breaking the generational poverty in my family after just a few years of sitting at a desk, but grinding away like you wouldn't believe.
People fail to remember that with the first and second Industrial Revolutions came far more opportunity and ability than had ever existed. Capitalism has raised more out of poverty and into wealth than has ever happened. But it still requires some effort and self discipline. He is so right that having kids too early makes it really tough. But having them at some point makes life worthwhile.
Worthwhile for whom? Why do so few people appreciate that a new life with his/her own consciousness, feelings, experiences, and emotions is being created in order to appease someone else's life" fulfillment"? So very few people stop and think about the life being created rather than their own personal selfish wants and desires.
Sure but now the gap is narrowing dramatically; late-stage, unchecked capitalism leads to our current economic climate, where there are billionaires galore reaping in profits, and most of the population can barely afford their bills and food. People want to work, but every business owner on the planet seeks to maximize profits, dodge taxes, and disenfranchise the working class by automating the means of production. Capitalism only works if the workers control the means of production.
You don't live in capitalism. Capitalism would have allowed the banks to fail in 2008. Instead, Obama intervened and gave them a bailout of taxpayer money. That is not capitalism. Every gramt gifted and intervemtion by authority dilutes the power of true capitalism
@@user-hm4qn7wt3t you are hugely ignorant of economics but then many of you are. When you express yourself in ignorance people like me acknowledge not only are you irrelevant to life but you don’t even know that. I suppose there has to be the people I throw in front of me who’s things go wrong
I will never forget when I had my first job during study time. My cousin brought me in and I was obviously young, fast and wellversed ( due to my active learning) and within 6 months my pay was raised two times. The manager always talked to me and made sure I enjoy my time. When my aunt had her birthday we talked about our salary and I was about 40% above my cousin. She had been working there for 7 years at that time. Afterwards the mood went south in the company. Everyone started discussing their salaries and many co workers left because the manager didn´t meet their new wage expectation. It will take a lot of time until "talking about money" will be easy.
@@hokedo I think the main reason was the potential. I was 17 and still studying. So they had the chance to raise me into a young area manager. Second guess would be my naive nature. Being young means you know little about adults schemings. I rarely said "no" and usually did more than what I was asked to do.
I listened to half of this b4 I was turned off. Make money your God is what I heard in-between the lines. Definitely want to provide for my family but not at the expense of my Soul. Just my 2 cents.
I learned so much from this interview, especially about the difference between being rich and being wealthy. There are so many people who look rich but are actually broke, and the opposite holds true
