Simple Steps to Get Rich.
Scott Galloway (bestselling author, NYU professor, serial entrepreneur) reveals the UGLY TRUTH about Chasing Your Passion and shares steps we can all take to GET RICH!
In this MUST-WATCH episode for anyone looking to improve their financial stability, Scott exposes shocking truths about economic disparities in the U.S.
He shares how growing up poor shaped his beliefs, why passion shouldn't drive your career choices, the economic implications of GLP-1 drugs like Ozempic, and the sneaky tactics the wealthy use to maintain their status.
Scott Galloway also breaks down:
- Dangers of excessive consumerism and possible solutions
- Necessity to prioritize relationships over chasing wealth
- The true definition of being "rich"
- Societal pressure for excessive spending over social media
- Value of financial discipline and identifying specific economic goals
- Why we are obligated to plan for financial security
- His personal struggles with depression, anger, economic fear, and the trappings of a materialistic world
- Importance of talking about money without fear
Scott's practical advice on achieving financial security, untying your identity from your economic status, aligning goals with realistic expectations, and practical saving and investing tips demonstrate why IT'S NEVER TOO LATE to reduce economic stress.
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CHAPTERS:
0:00 - Intro
5:20 - Obligation for Financial Planning
10:15 - Money Can Buy You Happiness
11:05 - Advice to Young People
14:56 - What's Wrong with Passion
19:58 - Finding Your Niche
23:38 - Economic Fear
31:24 - Dangers of Excessive Consumerism & Possible Solutions
34:54 - The Amazon Effect
38:04 - Forced Savings
44:18 - Aligning Goals with Realistic Expectations
47:20 - How to Start
51:35 - The Best Thing You Can Do in Your 20s
55:30 - The Industrial Food Complex & GLP-1 Drugs
1:12:55 - OUTRO
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Betterment Disclosure:
As of 4/19/24 for the aggressive Target Income Portfolio. Blended 30-day SEC yield is the weighted average of 30-Day SEC yields (standardized calculation) for each ETF in the portfolio, net of fees (0.25%). Yield is not performance; investment returns may vary; investing involves risk including loss of principal. Betterment, not BlackRock is responsible for its advisory relationships with clients.
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Twitter: / profgalloway
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Scott Galloway's latest book, THE ALGEBRA OF WEALTH: A Simple Formula for Financial Security: a.co/d/dTiNx66
Theme Song Written, Produced, and Performed by Ed Robertson. Mixed by Kenny Luong.
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