"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.
The thing about Scott Galloway is how happy he looks all the time. He just can't keep the smile off his face. Being rich must be such a joyful experience. He is practically beaming through this interview. You can hear his love and excitement for life is his voice and the you can see the sparkle in his eyes. Such a great model to live your life by.
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.
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! 🫶
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!
This is one of the best interviews I’ve ever listened to. Honestly, Galloway talked about everything that’s important in one’s life. To love, grief, humor, friends, business, gratitude, and saving money from his kickass book, etc. my goodness! Thanks for this video.
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.
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.
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.
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%.
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.
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.
Successful people don't become that way overnight. What most people see as a glance of wealth, a great career, and purpose is the result of hard work and hustle over time. I pray that anyone who is reading this will be successful in life. ❤
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.
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)
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.
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.
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.
@@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.
My first time hearing of Scott and being on this show. Gems galore from Scott. Interviewer (sorry, don't know your name yet) well skilled in getting his subject to talk more. Captivating talk, great way for me to start my Monday
I'm convinced that investing 50k-100k in the right company before it goes big is more important than saving for retirement. However, picking the right company is so hard. I have around 200k in a HYSA and want to invest it. What are the best opportunities now?
I believe investors should start with S&P 500/ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.
The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.
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?
I have stuck with the popularly ‘’Monica Shawn Marti” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
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.
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.
“America is the place to go to make money; Europe is the place to go to spend it.” So true!! I left France after four years realizing that I could make triple in the US and travel to France to enjoy it without all the daily headaches
Scott possesses a wealth of knowledge from which we can all derive valuable lessons. His extensive experiences of success, failure, and personal challenges are evident in his candid and forthright demeanor. I greatly value his openness and sincerity-qualities rarely exhibited with such vulnerability. His contributions significantly enhance the podcast, making it a unique source of clarity and insight. This platform offers not only knowledge and wisdom but also a sense of hope and guidance, particularly for those who may lack parental or mentor figures in their lives. The authenticity and detailed narratives shared are deeply appreciated, and I hope they continue in this same spirit.
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?
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.
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.
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.
@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??
Thank you for sharing, I must say, Kristin appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call.
Best rational, realistic conversation Ive heard in awhile, very much agree with conversation and enjoyed the interview. I hold a lot of respect for people who just put it out there as they see it, its motivating.
43:15. So Scott was already a multi millionaire in his 30s but was “just trying to make a living so I can stay in New York”. Man does this come off as elitist and out of touch. It sounds like when an athlete is presented with a $25 million deal instead of a $30 million deal and they say they’re fighting because they have a family. Also, I completely misunderstood the title. I thought it meant how to make money in your 30s and 40s. But the answer is to do XY and Z in your 20s? Thanks, Tips. What about actual advice for people who are already in their 30s and 40s? That’s the demographic that absolutely nobody cares about in any capacity whatsoever. All advice is for people about to retire or just getting started.
Wouldn't it be in the same steps? If you have nothing in your 30s and 40s, you're just going to do what you need to do to become a millionaire in your 40s and 50s. Just saying.
@@TK-pv4uq Yes and no. Your risk profile is both greater and lesser. You have less time for your money to compound so you simultaneously need to be riskier to make more, but more conservative because you can't afford to "start over in your 30's" after taking chances that went sideways if you're already in your 40's or 50's. You have more experience which maybe opens some doors for you, but others close in things like big tech because they only want young kids. It's all a double edge sword.
First time coming across this guy… He’s absolutely awesome and resonates with who I am as a person. Glad to see someone with similar traits as me is this successful. Super inspirational podcast
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
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
I think he’s right about the US being a positive place to make money. My friend from London told me what she loves about here rather than her country is everyone is positive and looks from an optimistic point of view in Life and business.
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I hope I make profits.
You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.
I really want to get in with a financial advisor this year, especially as all markets are hitting highs. I don't want to be too optimistic and end up losing everything.
Thanks for sharing, 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 e-mail shortly.
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.
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.
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.
'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.
Getting to the first million in assets is actually easy if your disciplined and it can come pretty quick. Im 40 and did it old school way of just putting away 15 percent of my paycheck into some type of savings and/or investing in my 401k (with price matching). I dont work a 6 figure job, nor did i take out any extravagant loans. I dont have FOMO. When i had enough saved up in liquid assets, i was able to purchase a home. Since the pandemic, that has doubled adding to my assets. Have i changed my lifestyle since hitting my first million, no as you never know what may lurking around the corner.
I started stacking to SAVE wealth. I've always been the type of person to spend my entire paycheck. I hate having money just sit in the bank. I am under pressure to grow my reserve of $950k. before I turn 60, I would appreciate any advice on potential investments.
I think the safest strategy is to diversify investments. But if you need proper advice, consider speaking with a financial expertise. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.
Agreed, I've always delegated my excesses to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments to date.
I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with Judith Lynn Staufer for years and highly recommend her. Look her up to see if she meets your criteria.
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! 📘
Because of the US economy's importance to the global economy, its instability has far-reaching implications. In such circumstances, safe-haven assets such as those with high FA and cryptocurrencies provide security. Investors must prioritize asset protection, diversification, and balanced portfolios in order to weather market volatility.
During a recession, investors must understand where and how to distribute capital in order to hedge against downturns while being profitable. If you are unable to navigate the market, speak with an expert advisor.
Several individuals minimize 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 afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
'Laurelyn Gross Pohlmeier' 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.
Constructive feedback: as someone who detests math “the algebra of ____” is a title I would skip past. It invokes a subject that isn’t enjoyable and gives the impression I have to take a test. 55:27
I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $50K per year but nothing to show for it yet.
Sincerely it's best to seek an advisor right now, unless you're canny yourself. As an eBay reseller of all product categories, I can tell you we’re in a deep recession and everyone is running out of money.
Exactly, why I stopped taking financial advise from RUclipsrs, because in reality I end up with a collection of confusing stocks. Whereas, all I needed was a real market expert to have made over $350k in less than 2 years.
Iynne Marie Stella is a hot topic among financial elitist in The US. She's gained some reputation for her works during Covid. All the info. you need to set up an appointment is on her web page.
Just looked up her full name on my browser and found her site without sweat, over 22 years of experience is certainly striking! very much appreciate it
I appreciate your commitment to guiding others toward financial success. We all strive for security and a better quality of life, and this can be achieved through smart investments, mindful spending, and effective budgeting. I'm thankful I discovered the value of hard work and financial independence early on in my journey.
Even though I engage in investing, I feel disheartened by my lack of expertise in assessing the performance of individual companies and determining the optimal timing for stock purchases. The erosion of my financial reserves due to inflation adds to my concerns. At this point, I require precise market trajectory information, but I find myself unsure about the appropriate course of action.
Agreed, the role of advisors an only be overlooked but not denied. I was shocked that I made more money with investing than hard work, not even my CEO income. Earning ''return on investment'' fetched me millions within a space of 5 yrs.(But I still enjoy working)
Loved the analysis about the US and Europe. I am blessed to live in the USA. I am originally from Latin America and now I am a US citizen. The way you can make money here cannot be done in Latam. This is the country where we can make money in 15-20 years! I am 52 and financially free thanks to my Real Estate investment company. Blessed to be in the US and having all opportunities to make money🙏and yes, planning on living in Europe or Latam when I am 60+
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I hope I make profits.
You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Thanks for sharing, 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 e-mail shortly.
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 🤔
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.
"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.
I have a job I hate but one of my best friends is my Lead and it's great working with him. If he wasn't there I wouldn't be either.
The thing about Scott Galloway is how happy he looks all the time. He just can't keep the smile off his face. Being rich must be such a joyful experience. He is practically beaming through this interview. You can hear his love and excitement for life is his voice and the you can see the sparkle in his eyes. Such a great model to live your life by.
You just achieved levels of sarcasm that mankind did not think was possible.
Seriously though!
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.
Hang in there bruh. 🙏🏽🙏🏽
@@moneymakingsim4314 Thank you brother.
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! 🫶
You got this bro
hold your head high king, and read some stoicism and ryan holiday or watch his videos, it'll help
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!
Finally some clickbait aimed at people in their 30s. Always seeing “how to make a million before you’re 20” is exhausting lol
This is one of the best interviews I’ve ever listened to. Honestly, Galloway talked about everything that’s important in one’s life. To love, grief, humor, friends, business, gratitude, and saving money from his kickass book, etc. my goodness! Thanks for this video.
Thank you! I am grateful and humbly honored for the opportunity to listen.
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.
I really appreciate how there was not 5 minutes of teasers before the episode began. Please keep that up.
Ha, thinking of Diary of a CEO perhaps?
"1 out of 7 businesses succeed that's why I started 9"
what’s the timestamp where he says that?
@@WellActualllyyy Somewhere between 40:00 and 42:00
It will take you 20 years....Do it
Funny I’m almost at my 9th hope this one is the 1 🙏
Rich parents to take the hit from the failure. Wink wink
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.
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.
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%.
Impressive! How can I contact this advisor? My portfolio isnt doing well, and I need guidance.
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.
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.
I just watched his TED talk an hour ago, and now this popped up. So stocked 🎉
SAME!!! Best TED talk hands down!
"Stoked"
Scott Galloway is all over RUclips.
Same
Book tour!! You will see more & more. He is refreshing!!!!
Successful people don't become that way overnight. What most people see as a glance of wealth, a great career, and purpose is the result of hard work and hustle over time. I pray that anyone who is reading this will be successful in life. ❤
You are right, to be a successful person in life require him or her of hard work and time
The thing about been successful is working toward it and not going the other way round
You are right. Been thinking of going into gold and cyptocurrency
It's obvious everyone is doing this online Investment
@@Kennet.Bell. I totally agree with you it has been an eye-opening experience for a lot of people.
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.
my 30's begin tomorrow. got to watch fast
Happy Early Birthday 🥳
It’s a blessing to make it that far.
No ways my 20s start in 2 days
😂😂😂
My mid-20’s start in 4 days hahaha
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)
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.
I would say take something simple even at supermarket just get u out then look for something better
How can you not love this guy and his sense of humor?! New Scott Galloway fan here!
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.
@@tigreytigrey8537 found the hate spewing troll/bot in the comments.
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!
Great pod. Worth watching two times and then twice again with a notebook.
One of the things I liked about your videos was that I could listen to something interesting without the ads.
His no bull is so refreshing
Scott’s entire disposition is refreshing. We need an authentic voice of reason in this country right now.
Not sure I find his self-indentification as a "narcissist" refreshing
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.
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.
@@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.
Yea, what’s in their contracts?
Great pod. This is a masterclass on how to ask great questions...cheers Sam. Brilliant.
What is the Deloitte study that they mentioned in the beginning of the episode?
My first time hearing of Scott and being on this show.
Gems galore from Scott.
Interviewer (sorry, don't know your name yet) well skilled in getting his subject to talk more.
Captivating talk, great way for me to start my Monday
I'm convinced that investing 50k-100k in the right company before it goes big is more important than saving for retirement. However, picking the right company is so hard. I have around 200k in a HYSA and want to invest it. What are the best opportunities now?
I believe investors should start with S&P 500/ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.
The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.
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?
I have stuck with the popularly ‘’Monica Shawn Marti” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
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?
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.
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.
“America is the place to go to make money; Europe is the place to go to spend it.”
So true!! I left France after four years realizing that I could make triple in the US and travel to France to enjoy it without all the daily headaches
Damn...I'm a 39-year-old business owner. This hits hard. Never heard of him until now. Thanks
He was big pro/censorship pro-lockdown type, a limousine liberal.
Pro lockdown - oof - that seems inconsistent with his values 🤔
he's somewhat of a statist...
Scott possesses a wealth of knowledge from which we can all derive valuable lessons. His extensive experiences of success, failure, and personal challenges are evident in his candid and forthright demeanor. I greatly value his openness and sincerity-qualities rarely exhibited with such vulnerability. His contributions significantly enhance the podcast, making it a unique source of clarity and insight. This platform offers not only knowledge and wisdom but also a sense of hope and guidance, particularly for those who may lack parental or mentor figures in their lives. The authenticity and detailed narratives shared are deeply appreciated, and I hope they continue in this same spirit.
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?
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.
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.
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.
@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??
Thank you for sharing, I must say, Kristin appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call.
Best rational, realistic conversation Ive heard in awhile, very much agree with conversation and enjoyed the interview. I hold a lot of respect for people who just put it out there as they see it, its motivating.
This guy is amazing, I am utterly blown away. His words really land and resonate. Absolutely inspirational.
43:15. So Scott was already a multi millionaire in his 30s but was “just trying to make a living so I can stay in New York”. Man does this come off as elitist and out of touch. It sounds like when an athlete is presented with a $25 million deal instead of a $30 million deal and they say they’re fighting because they have a family.
Also, I completely misunderstood the title. I thought it meant how to make money in your 30s and 40s. But the answer is to do XY and Z in your 20s? Thanks, Tips. What about actual advice for people who are already in their 30s and 40s? That’s the demographic that absolutely nobody cares about in any capacity whatsoever. All advice is for people about to retire or just getting started.
Wouldn't it be in the same steps? If you have nothing in your 30s and 40s, you're just going to do what you need to do to become a millionaire in your 40s and 50s. Just saying.
@@TK-pv4uq Yes and no. Your risk profile is both greater and lesser. You have less time for your money to compound so you simultaneously need to be riskier to make more, but more conservative because you can't afford to "start over in your 30's" after taking chances that went sideways if you're already in your 40's or 50's. You have more experience which maybe opens some doors for you, but others close in things like big tech because they only want young kids. It's all a double edge sword.
so honest and haunting interviewed this guy knows what living is all about.great teaching to letting our soul breath
First time coming across this guy…
He’s absolutely awesome and resonates with who I am as a person. Glad to see someone with similar traits as me is this successful.
Super inspirational podcast
I scour RUclips in the hopes of finding gold and found it, I love everything this guy has to say.
I am so grateful to have stumbled across this video. Thank you so much. This guy is amazing ☺️
Could someone please point me to the Deloitte study that is referenced in the "Reverse engineering $160M exit" section of this podcast?
This hit all the emotions
both
One of your best Episodes of 2024 so far, if not the best.
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
Very very brilliant and shrewdly conducted interview. I learn much and really enjoyed this one . Happy Mother’s Day
One of the biggest truths about the value of the US: "People start from yes here." No place on earth like the US.
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
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.
Thank you for this channel, I need this advice at this point of my life
This is the realest pod ever dropped.
I think he’s right about the US being a positive place to make money. My friend from London told me what she loves about here rather than her country is everyone is positive and looks from an optimistic point of view in
Life and business.
Wow, such a great episode! So glad I started listening to you guys again after taking a break. You have even killing it!
What # number is he on Amazon? I missed it. Without this answer I cannot buy the book.
😂😂😂😂
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I hope I make profits.
You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.
I really want to get in with a financial advisor this year, especially as all markets are hitting highs. I don't want to be too optimistic and end up losing everything.
Thanks for sharing, 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 e-mail shortly.
How old are you ?
Genuinely asking
Scott Galloway is a legend.
1:50 “90% employment rate which 90%+ enjoy…”
I wonder if there’s a list or what fields/jobs these are
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 ?
Get back on that horse!
The fact that nobody talks about the book Matrix Golden Cashflow Tactics, speaks volumes why people dont earn a lot of money..
A scam ebook written by a child, sure thing!
@@xXxRK0xXx
@@xXxRK0xXxyeah there’s a reason people don’t mention it lol
you are a bot!
Bot scam
Love how Sam and Shaan just let Scott go off for over 10 minutes on stoicism. (20:56 on)
Just ordered the book. I’m so excited
One of the best podcasts I’ve seen in a while. Scott is literally brilliant
Hmmm… Scot had a 2.4 GPA, lost millions in 2008… how did he make his $$$… Oh, start a podcast and consulting biz…
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.
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.
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.
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.
'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.
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.
Shaan , Sam, high praise moment- > You guys are a “Joey bag of donuts” pod cast. 😂 enjoy the acknowledgement!
Absolutely brilliant. Scott is just sheer incredible
Scott's advice on diversifying investments and saving early is gold! I'm definitely taking notes.
Easily One of the better episodes
Listening to this is so relatable with me. I share a number of common personal traits and journey as Scott.
this is pure gold. protect this man at all cost
Getting to the first million in assets is actually easy if your disciplined and it can come pretty quick. Im 40 and did it old school way of just putting away 15 percent of my paycheck into some type of savings and/or investing in my 401k (with price matching). I dont work a 6 figure job, nor did i take out any extravagant loans. I dont have FOMO. When i had enough saved up in liquid assets, i was able to purchase a home. Since the pandemic, that has doubled adding to my assets. Have i changed my lifestyle since hitting my first million, no as you never know what may lurking around the corner.
10:35 Wrong: see military. They scale retention through camaraderie very well.
First minute intro great! Clear, direct, actionable
I left the UK because the word no comes way before yes and how can we work together was always in the distance
I started stacking to SAVE wealth. I've always been the type of person to spend my entire paycheck. I hate having money just sit in the bank. I am under pressure to grow my reserve of $950k. before I turn 60, I would appreciate any advice on potential investments.
I think the safest strategy is to diversify investments. But if you need proper advice, consider speaking with a financial expertise. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.
Agreed, I've always delegated my excesses to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments to date.
That's impressive! I could really use the expertise of this manager for my dwindling portfolio. Who’s the professional guiding you?
I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with Judith Lynn Staufer for years and highly recommend her. Look her up to see if she meets your criteria.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Liked, subscribed and inspired. Amazing dialogue
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!
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
Ben Stein 😂
Wow he does lol
Basically monotone and mumbling
New business owners do work 80+hrs a week often 100hrs as well
This is a great one.
Great interview but I wish this guy had a book.😉 Thanks for sharing some of your wisdom, Scott!
Is this a reupload?
Don't think so. 2nd time on the pod I think
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! 📘
This is one that I'm adding to a playlist folder and watching a few times.
Watched this episode a few times already, great episode as always guys 👏🏽
Because of the US economy's importance to the global economy, its instability has far-reaching implications. In such circumstances, safe-haven assets such as those with high FA and cryptocurrencies provide security. Investors must prioritize asset protection, diversification, and balanced portfolios in order to weather market volatility.
During a recession, investors must understand where and how to distribute capital in order to hedge against downturns while being profitable. If you are unable to navigate the market, speak with an expert advisor.
Several individuals minimize 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 afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
That makes perfect sense; you seem to have a better understanding of the market than we do. The coach is who?
'Laurelyn Gross Pohlmeier' 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.
I just Googled her name and her website came up right away. It looks interesting so far. I sent her an email and i hope she responds soon. Thanks
Constructive feedback: as someone who detests math “the algebra of ____” is a title I would skip past. It invokes a subject that isn’t enjoyable and gives the impression I have to take a test. 55:27
A very refreshing episode that touched on every emotion.
This was awesome!! I’d love to meet Scott one day
Very practical advice and very eloquent with words
I appreciate his humility and honesty...
So Powerful. Just listen if you wonder about the ups and downs. Amazing!
I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $50K per year but nothing to show for it yet.
Sincerely it's best to seek an advisor right now, unless you're canny yourself. As an eBay reseller of all product categories, I can tell you we’re in a deep recession and everyone is running out of money.
Exactly, why I stopped taking financial advise from RUclipsrs, because in reality I end up with a collection of confusing stocks. Whereas, all I needed was a real market expert to have made over $350k in less than 2 years.
I've been getting suggestions to use one, but where and how to find one has been challenging, Can i reach out to the one you use
Iynne Marie Stella is a hot topic among financial elitist in The US. She's gained some reputation for her works during Covid. All the info. you need to set up an appointment is on her web page.
Just looked up her full name on my browser and found her site without sweat, over 22 years of experience is certainly striking! very much appreciate it
How is this guy such a happy person?
I appreciate your commitment to guiding others toward financial success. We all strive for security and a better quality of life, and this can be achieved through smart investments, mindful spending, and effective budgeting. I'm thankful I discovered the value of hard work and financial independence early on in my journey.
Even though I engage in investing, I feel disheartened by my lack of expertise in assessing the performance of individual companies and determining the optimal timing for stock purchases. The erosion of my financial reserves due to inflation adds to my concerns. At this point, I require precise market trajectory information, but I find myself unsure about the appropriate course of action.
Agreed, the role of advisors an only be overlooked but not denied. I was shocked that I made more money with investing than hard work, not even my CEO income. Earning ''return on investment'' fetched me millions within a space of 5 yrs.(But I still enjoy working)
Could you possibly recommend a CFA you've consulted with?
Credits goes to “Sharon Ann Meny” one of the finest portfolio managers in the field. She's widely recognised; you should take a look at her work.
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.
Loved the analysis about the US and Europe. I am blessed to live in the USA. I am originally from Latin America and now I am a US citizen. The way you can make money here cannot be done in Latam. This is the country where we can make money in 15-20 years! I am 52 and financially free thanks to my Real Estate investment company. Blessed to be in the US and having all opportunities to make money🙏and yes, planning on living in Europe or Latam when I am 60+
Geez i loved this - lots of great information like Greatest Hits of Greatest Hits
Scott is such a capital G!!!
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I hope I make profits.
You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
Just research the name Annette Christine Conte . You’d find necessary details to work with a correspondence to set up an appointment.
Thanks for sharing, 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 e-mail shortly.
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 🤔
Bravo!! Someone finally agrees money CAN buy happiness 😌
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.