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

Рет қаралды 297,982

Күн бұрын

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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

Пікірлер: 365

@blaquopaque Күн бұрын

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 Күн бұрын

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 Күн бұрын

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 Күн бұрын

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 Күн бұрын

@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 Күн бұрын

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.

@matturner8 10 күн бұрын

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 10 күн бұрын

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 10 күн бұрын

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 10 күн бұрын

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

@LukeMcfarlane5 10 күн бұрын

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 10 күн бұрын

@Vivienedouglass 9 күн бұрын

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 9 күн бұрын

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 9 күн бұрын

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 9 күн бұрын

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

@kurtKking 9 күн бұрын

Her name is. 'MICHELE KATHERINE SINGH’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@frankedwardark 9 күн бұрын

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

@daleharris4953 28 күн бұрын

"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.

@Riggsnic_co 11 күн бұрын

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 11 күн бұрын

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 11 күн бұрын

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 11 күн бұрын

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 11 күн бұрын

'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 11 күн бұрын

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.

@SeniorAdrian 29 күн бұрын

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 29 күн бұрын

Hand in there bruh. 🙏🏽🙏🏽

@SeniorAdrian 28 күн бұрын

@@moneymakingsim4314 Thank you brother.

@njay4361 28 күн бұрын

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 28 күн бұрын

You got this bro

@wagmi614 25 күн бұрын

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

@herpaderppa3297 29 күн бұрын

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.

@Asmonix 29 күн бұрын

my 30's begin tomorrow. got to watch fast

@TylerBTalking 29 күн бұрын

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

@alexshibu3263 28 күн бұрын

No ways my 20s start in 2 days

@whisper2284 28 күн бұрын

😂😂😂

@philipalxander 27 күн бұрын

My mid-20’s start in 4 days hahaha

@tigreytigrey8537 27 күн бұрын

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)

@1NN3RxC0R3 29 күн бұрын

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

@WellActualllyyy 28 күн бұрын

what’s the timestamp where he says that?

@yousefales4665 28 күн бұрын

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

@FostRaider 28 күн бұрын

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

@alexg8460 23 күн бұрын

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

@zolagb9428 14 күн бұрын

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

@coolpeips 26 күн бұрын

His no bull is so refreshing

@Sleepy_Babushka 20 күн бұрын

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

@mikeeinstein1 17 күн бұрын

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

@user-yt5pj3lp3l 29 күн бұрын

This AMS66P is a revolutionary project and amazing technology.

@brushstroke3733 12 күн бұрын

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 3 күн бұрын

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

@pyewaw 23 күн бұрын

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.

@kennethrosever8843 29 күн бұрын

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

@dm96177 22 күн бұрын

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!

@julianengel13 29 күн бұрын

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

@ddfelder2 29 күн бұрын

SAME!!! Best TED talk hands down!

@EriPages 24 күн бұрын

"Stoked"

@OzoTenzing 23 күн бұрын

Scott Galloway is all over KZfaq.

@owijayson 21 күн бұрын

Same

@raebean6018 20 күн бұрын

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!

@projextawtt 28 күн бұрын

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

@akshatshah4238 28 күн бұрын

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

@souelyoung2233 23 күн бұрын

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

@dizzyh 22 күн бұрын

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

@CoachMarkspeaks 22 күн бұрын

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

@earx23 29 күн бұрын

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 21 күн бұрын

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 21 күн бұрын

@@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 13 күн бұрын

Yea, what’s in their contracts?

@kkhdelivery6208 29 күн бұрын

This hit all the emotions

@TeamPlanlos 14 күн бұрын

both

@shanediesel4562 19 күн бұрын

First minute intro great! Clear, direct, actionable

@paritosh-sharma-storyman 28 күн бұрын

Absolutely brilliant. Scott is just sheer incredible

@martinboyd447 21 күн бұрын

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

@ErickaWilliamsCC 29 күн бұрын

This is a great one.

@charlespennock4063 23 күн бұрын

I needed this video! Thank you

@shanilevi2690 10 күн бұрын

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

@MattTheMortgageGuy 29 күн бұрын

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

@tigreytigrey8537 27 күн бұрын

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 20 күн бұрын

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

@luisg6404 19 күн бұрын

This is your best episode. Thanks!

@cuanchai 20 күн бұрын

A very refreshing episode that touched on every emotion.

@Harpreet06 26 күн бұрын

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.

@kayser152 18 күн бұрын

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

@1122Jet 20 күн бұрын

Really Enjoyed this!

@FostRaider 28 күн бұрын

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

@drachenmarke 22 күн бұрын

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

@majordelays4909 21 күн бұрын

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

@cesuntbanii 15 күн бұрын

he's somewhat of a statist...

@warrenbailie 29 күн бұрын

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.

@UmarDin20 16 күн бұрын

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

@ido_oz 23 күн бұрын

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

@CleanWithDarian 27 күн бұрын

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!

@scottwilcox2997 25 күн бұрын

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

@drachenmarke 22 күн бұрын

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

@UWABEAUTY247 22 күн бұрын

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

@therealmvp7475 29 күн бұрын

Thank you.

@dwayne9959 28 күн бұрын

Easily One of the better episodes

@Caleb-ft6vj 28 күн бұрын

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

@HamidAhmadi-pv2vi 21 күн бұрын

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

@JFourMileRun 28 күн бұрын

Great episode. Scott is funny.

@paulpatel9657 29 күн бұрын

Great advice.

@AlexMacGregor 26 күн бұрын

Great episode! Scott is a legend

@EcomCarl 29 күн бұрын

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! 📘

@Richversion369 24 күн бұрын

Thanks and really appreciate 🙏♥️

@jrp6313 17 күн бұрын

This man is such an inspiration!!!! ❤

@missdale8290 24 күн бұрын

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

@danieladetayo3711 25 күн бұрын

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

@scottmccoy4335 15 күн бұрын

Great talk Scott, dream and do it NOW

@tarekaz 29 күн бұрын

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.

@moneymakingsim4314 29 күн бұрын

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 23 күн бұрын

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

@209CryptoE 29 күн бұрын

Great episode...top 10.

@PeterLotterhos 20 күн бұрын

Love yr honesty

@TerenceMarais 20 күн бұрын

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

@elloumimehdi5786 29 күн бұрын

Genuily one of the best role model. Very interesting

@10000Mistakes 29 күн бұрын

Great pod. Probably worth listening 2 or 3 times.

@stephanieawuah 22 күн бұрын

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 🤔

@phil_techuk 20 күн бұрын

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

@robertbruceryan 29 күн бұрын

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

@matador677 24 күн бұрын

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.

@perfectlycontent64 14 күн бұрын

Insane amounts of wisdom in this interview.

@SantiagoGil-vs3ri 25 күн бұрын

well this guy is my new favorite....

@hzad5009 29 күн бұрын

Let's GET IT!!!!

@TJInTech10 16 күн бұрын

well said

@drewmcleod1598 24 күн бұрын

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

@angelocean365 29 күн бұрын

Scott is such a capital G!!!

@ripapartjoel 29 күн бұрын

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

@SandcastleAndy 8 күн бұрын

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

@samcharo 25 күн бұрын

Powerful ❤❤❤❤

@okoiful 28 күн бұрын

How is this guy such a happy person?

@Aiolosz 26 күн бұрын

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

@akshatshah4238 28 күн бұрын

A question. 55:33 What if the side hustle is the same as the main hustle? But the side hustle is for you...and main hustle is for an employer?

@oCashflowo 29 күн бұрын

First time being introduced to Scott and I loved listening to him. Thoughtful, brilliant and vulnerable.

@contecrayononpaper 23 күн бұрын

I wish I knew to buy Hasbro stock in early 1980s. What a fun game to play.

@thechri5357 19 күн бұрын

Wow. Didn't know the guy. Great interview

@grahamkennedy7221 29 күн бұрын

51:44 Shaan nailed that one! A burp or a little cry maybe.

@petrolking7824 25 күн бұрын

Probably the best episode that I have watched. 🙌

@earlj.d.6285 26 күн бұрын

1:50 “90% employment rate which 90%+ enjoy…” I wonder if there’s a list or what fields/jobs these are

@alecleake4553 25 күн бұрын

Love Scott

@kevvwarren 19 күн бұрын

This is the realest pod ever dropped.

@murtazaalamm 29 күн бұрын

turning 21 today! Thanks for this🙏🏽

@ktferretti 28 күн бұрын

Mitch Hedberg Reference is a gem.

@garrettgeorge3363 6 күн бұрын

Could someone please point me to the Deloitte study that is referenced in the "Reverse engineering $160M exit" section of this podcast?

@KiKi-te9yd 19 күн бұрын

Love that he has educated himself enough to identify his weaknesses

@FilmedByRayBrown 29 күн бұрын

Mornin

@LukeMcCallion_ 29 күн бұрын

I couldn’t put my finger on it for weeks, but now I got it, Scott sounds like the Head Pixie from Fairly Odd Parents

@chefbrian26 29 күн бұрын

Ben Stein 😂

@piopi_starjr7455 27 күн бұрын

Wow he does lol

@AlaskaJiuJitsu 29 күн бұрын

19:17 and I joined the Army and closed my landscaping company in 2008 - missed the bull run preparing and deploying men. What to do now lol ?

@ddfelder2 29 күн бұрын

Get back on that horse!

@caitlynpotter 17 күн бұрын

I am so happy that i made a productive decision about my finances that changed my life forever. I am a single mother and i live in Florida, i bought my second house in September and i hope to retire next year at 40 if all goes well. Thanks to Mrs Elizabeth Messer for helping me achieve this.