Hands down one of the best episodes...you can see the emotions in Scott's eyes when he talks about childhood and his father being a terrible role model.
scott sucks so much. he thinks men don’t have enough status that’s why they don’t date. folks the average woman weighs 190 pounds. can we talk about that or no?
Scott, thank you for being so vulnerable and real in front of all of us. You’ve inspired me to be a better person and I’ll do my best to pay it forward.
When I saw the title of this episode it didn't interest me at all, but I ran out of other things I wanted to watch so I gave it. This is way more interesting and thoughtful than I ever expected.
For all his faults (not least of which is his choice of opening jokes 😂), it is clear to me that Scott spends a decent amount of time and energy on introspection. I respect that. He’s not afraid to look at the darkness in his being. Most of us want to believe that we are the ones with the white hats and our enemies wear black. But if you can consider that you are sometimes wearing black….. well, that changes everything.
Yeah, he's much too old for "jokes" like these, esp. when shared with a young employee. Perhaps his social guardrails were weakened by alcohol and other drug abuse.
My introspection is that, introspection is important. But younger folks have an air of appreciation and disdain. We all did. I am noit smarter than my dad, but I was exposed to more tech and info, so I advanced faster. The next generation has the same opportunity. Time in seat has value, but so does info and availability of tech, in every generation. Introspection allows you to rationalize both truths.
Ed, when it comes to friends' bachelor parties, weddings, extended family Christmas gifts etc, don't be afraid to dial it back or just say no. Do what's best for you and your long term goals. ❤ I love this episode guys! Really great content! Thanks so much!
This was definitely one of the best episodes of Prof G I’ve watched in a while, earning money is spoken about ad nauseam, but discussing spending can be a bit taboo for whatever reason. Thanks for opening up gents, you are both good role models. Peace
this was a great conversation. I love their honesty. it's rare to hear. I think that's one of the appealing aspects of this show. both Scott and Ed are very genuine in their thoughts and feelings. you might not always like them but they're being true to themselves publicly.
This episode is so fantastic!!!! Thanks for opening up about spending and making money with people you love. Money is energy, and being able to share and give is so rad! Cheers!
I really appreciate Scott talking about how covid was the greatest transfer of wealth from the poor to the already wildly wealthy. There has already been a great wealth divide in America but it was crazy to me that my brother who worked in a factory slept for a week straight sick with covid and our dad died due to covid (pulmonary embolism while in hospital with covid) -- with the only thing we inherited was a bill for a headstone (thanks for the $3k from the govt to help pay) -- and we just watched the price of housing balloon even more. It feels like we (millenials/zoomers/gen alpha) are living out the long tail of Reaganomics borrowing from future generations in the 80s to create the asset class of that era. Me and my wife desperately want to have a home and start a family but we are getting close to the age where we can no longer have kids (late 30s), but when we budget , we've saved aggressively for a home but it seems very hard for us to afford daycare in the future -- and who knows if layoffs will come for us again. Apologies for the wet blanket response -- I love my job! But I just wanted to say thank you for the acknowledgement of the economic divide in our nation.
Maybe Scott could start reaching out and featuring people on the flipside of the greatest transfer of wealth away from the poor to the wildly wealthy. As in, other people's stories; the people behind the summary statistics he often quotes. (Anonymized, if necessary, for privacy.)
One of the most thought provoking and enjoyable Podcasts I have listened to, ever! Being between you guys, financially and age, it was fascinating to listen to the two perspectives and swing between the younger me wanting to be, needing to be, with the in-crowd to progress, along side the realisation once the money has been made, it is all about life, experiences and the people in your life.. But…………. I think making money with humility in the first place, allows the freedom to think and act in this way. A guy who worked for me once said, “money gives you choices!” That has remained with me ever since. Not happiness, choices, and from those choice is the possibility of happiness. Ciao, ciao ragazzi.
I appreciate Prof G as a thought leader. This guy could just f off somewhere with his wealth, but here he is spreading his wealth of knowledge, experiences and analyses. I don’t know how much he makes from the pods and social, but I doubt he’s in it for that. He genuinely seems like he is here for a greater cause. Maybe ego fuel 😂 but I appreciate it nonetheless.
The split check discussion hit hard lol I feel like my wife and cover way too damn often and we're the ones getting the least food and drinks every time. Totally see several people that load up on drinks and bottles - but are adamant about splitting the bill. That's why I just don't go out with those folks that often anymore. They're not entitled to my money and I'm not entitled to theirs. We do it out of love - but love has limits haha
Holy hell....the story about your dad had me tore up. Man what a impact that makes on a 13 year old. I believe te same thing...whats the point of having money if you cant enjoy it. Im not wealthy by any means but we have a beautiful home and a couple of nice cars. Take my kids to as many vacations I can a year so we can make memories. Thanks for sharing your story. That shows how much a impact a parent can have on a child.
Thoroughly enjoyed this episode. Ed is very fortunate to be mentored by somebody like Scott. I would urge him to heed his advice and significantly increase his rate of savings and investing. Ed will be 40 before he knows it and will wish he had done more saving and less signaling. I recently explained the laws of compounding to the 21 year old intern at work. The difference between starting old vs. young is astounding.
I love Scott’s brutally frankness about his personal life and situation. It’s refreshing and there are some important life experiences in what he says that are well worth passing along to my grandchildren that might save lives, time and money!!!
Thanks Ed and Scott you brought tears to a 71.5 yer old person with this one with the questions and both of your reflections. Ed you are also incredible I I just wanted to to re-enforce that since Scott already knows that about himself. Scott still appreciate you too big time. All the best. Ray
Listening to you talk about your father brings back memories of my father getting in a fight with my mom because she ordered cream cheese for her bagel and it cost $2. He was a radiologist. I have a decent job, but his salary was more than mine is now and it was the 90s.
People raised really poor (both my parents were teens during the great depression) were traumatized for life. Some of their habits and behaviors were unconscious.
I wasn’t born super poor, working class instead, but I did pick up some bad habits, some are penny pinching and other habits are buying the best with the money I have cause I am trying to break the “cheap” habit, but this isn’t always right either especially for rarely used or commonly replaced items.
I agree that it is life’s experiences are most important. I’ve been a good saver my entire life, and I’ve also traveled quite a bit. Not only here but abroad. I have a friend who I think has needlessly scrimped his whole life and rarely went anywhere. I told him that you can’t take it with you but experiences, you take to the grave.
About experiences and "stuff", I grew up in a big house that ultimately ruined my family's finances since my parents were trying to keep up with the Joneses. That said, growing up in that big house and neighborhood was the greatest thing for me as a kid. It might seem stupid but giving that to my myself and to my family is extremely important to me.
If Scott had a negative net worth in 2008 and is now very wealthy, thats a crazy growth rate in money and means that savings that he made when he was young was lost. This means that his saving when young has nothing to do with how wealthy he is now.
I would like to hear a discussion on the skill of "spending" but from the perspective of corporate managers. I began my career wanting to be a big time manager, but never moved above entry level because I could never get beyond the mentality of "saving money". Eventually I did conclude, "The only *real* business decision is writing a check; everything else is just talk." Even knowing that, I was doomed. I have marvelled at those I knew who could spin multimillion dollar budgets and SPEND! It would be great to get Scott's take on this.
This episode is one of the most unique financial shows I have ever watched! At times Scott is talking to a very small niche audience that I am a part of because of huge Bitcoin gains. I always wanted to be wealthy and now I am wealthier than I ever envisioned in terms of net worth, yet my behavior and outward appearance has hardly changed. I WANT to spend but I am having a very hard time doing so because of the good habits I developed in order to become rich in the first place. I have offered to take my extended family anywhere they want and to make a long story short I do not think they understand how short life is and how fast it can change. One would think they would jump on such an opportunity. Here is some advice for the young guy, he seems to care more about what others think of him than what he thinks of himself. You are not going to make it with that philosophy, "Fitting in is overrated" is one of my mottos. One reason a state like CA can keep on working when everyone says it should fail is because of guys like him. Guys in the top 2% FOREVER trying to live in the right place, send kids to the right schools, hang out at the cool clubs, etc... They spend (and get taxed) to oblivion in order to appear to move up in "status".
Its funny how as a kid you love the holidays because you're excited about all the presents you're going to get, then as you get into adulthood you start to enjoy finding gifts for others. Took some coworkers out for thanksgiving dinner to my favorite place.
Incredible final question asked and answered. Ed is one of those people where they are younger than me yet also wiser and more insightful that really make me question what the fuck I've been doing with my life.
Scott, love your podcasts, but I think you seriously missed the boat on check splitting. Among my fellow financially comfortable boomer friends, someone from each couple throws a credit card at the check. The waiter/waitress asks if we want to split it, everyone says 'yes'. Easy peasy. We've tried the "I'll get it this time, you get the next". It doesn't work. Except when we travel together. The situation is different. One of the pack, usually the most compulsive, will use an app like "Cost Split". Each couple takes turns paying expenses. Someone will then pickup the dinner check. The person who makes the reservation (rental car, shared condo-air b & b, etc.) will pay the charge. Everything gets put into Cost Split. At the end the trip, the Cost Split keeper will let everyone know how much they owe each other couple. It's usually down to a few dollars each.
You’re halfway there Scott: you learned to downsize the “things” without losing any joy. Now learn to do that on the experiences as well and you’ll realize having and spending lots of money is totally unnecessary. Even being super generous and taking people to Africa distorts the normal human relationship. Learn to forge strong relationships and be masculine without the money crutch, the luxury crutch, the fame crutch the alcohol crutch. Many spiritual leaders in history have shown the way including Bhudda, Jesus, etc. No 9 figures required. Millions of humans all over the world with very modest means have incredibly rich lives full of much stronger interpersonal relationships than yours with the divorces etc. you have a lot of good qualities but some “atheists” protest too much trying to prove to themselves and others how moral they can be without god but most of their morality / ethics is just warmed over judeochristianity without attribution.
Here's a spin on who gets the check. My wife and I are on a tight budget right now. We have very wealthy friends. When we go out to eat, my wife and I will order economical items, while friends order what they want regardless of the price. If they get the check this time and we get the check next time, then we end up spending more money than we planned. We tell them we want to split the check, and they fight over paying the check and do it. So now we're stuck either excepting the generosity or trying to pay their expensive check next time, which is not in our budget. Like you said eventually we will just be freeloaders if we dont pick up a check
Accepting not "excepting". If they are really your friends, you should be able to have a frank conversation with them about your financial constraints. I'll grant you that they should have been more observant when you placed your orders and realized the situation but some people are dense.
What a show this is 🙌 The experience shared is one thing, but the deep, intelligent reflections are incredible, and a source of inspiration. Thank you!
It was emotional for me too listen about Scott’s father because I have the same father, cheap, miserly, would hold grudges over a few dollars. Now that I’m 40 we don’t have a relationship, a few dollars costed him this. He wasn’t there for my mother and I financially when they split up, he took the house we went to government housing. Now that I’m 40, I have such a different perspective, my husband and I practice generosity with our children, we value time and relationships. I value these more so than anything because of how my father was.
Fuckin hell, great episode. Scott's a pretty good talking head about businesses and the economy, but his ability to communicate wih compassion and vulnerability about the human experience is truly exceptional.
Professor, You are an inspiration! I love your attitude towards money and being generous. Kol hakavod, kol hakavod. May you always be blessed with abundance, good health, and happiness!!
Love the reaffirmation to spend on experiences and cool story from ed. I have that rule, too, whenever I go to Nyc to overspend on unique experiences. I've too often spent on shoes, clothes, and gadgets with very little return.
I bought quite a lot of shares in Royal Bank of Scotland somewhere around mid 2008. Wish I hadn't. I'd love to be more original about my best purchase but it was a flat in West London. Sold it 9 years later for the same money we bought our forever home, 5 bed, 3 reception detached house on a big plot in Norfolk.
HI guys, came across you thanks to the RUclips algorithm, guess it does work sometimes! Anyhow, great dynamic between you guys and enjoying the content.
As always, good show. Only 2 comments. Most people (99%) won't reach your wealth. I am a top 3% instead of 1%, and life is vastly different. I know you have experienced that, but always keep it in mind. Second, I am 59 and go out with couples all the time where we just split the check 50-50. No one cares if someone got a salad and another a filet. And no arguments and no feeling bad. It's not that hard.
Sometimes the items are near in price but does that mean you also neglect your relationships where you can’t split 50/50? That would be sad especially later in life when maybe you can’t share the finer taste in life but instead share your time with someone you had history with before your times end.
@@ElmerGLue To be respectful, I think you are overthinking my comment. We have many friends in near our wealth (we are all lucky). And instead of doing a split (you get the next one). We just ask the waitress to split the bill 50/50. BTW-when it is a penny off, the dad humor is epic. Anyway, a minor detail. Prog G is awesome and provides a valuable insight. If you listen, I assume you are a good, thoughtful person. Thanks.
22:00 I have a similar background and experience, and I was wondering if you ever felt taken advantage of or manipulated because of your generosity is that has happened to me several times and it’s always painful
Sheesh! This podcast is great! Motivating and inspiring. Two good guys. Isn’t the background to this message…(it seems to be): Think carefully about what life can and does offer and, spend sensibly but with jo. I do agree with the have less booze message (at this age as Prof G says). Have a fab day all - from NZ Kiwi
Hank Gathers had hypertrophic cardiomyopathy which is a genetic condition where the septum and left ventricle become enlarged and can lead to arrhythmia and death. This doesn’t occur because of excessive exercise.
There is just no way to be, at 20, the men we grow into as we age. The order of life, e.g., when we make big money, when we have kids, when we go to higher ed, etc., makes a huge difference in the quality of life.
Grotesque is the right description. I'm sorry for the pain you had to go through with your shitty dad. Your understanding of generosity is definitely not selfish.
I absolutely love your philosophy on inviting friends to travel with you! I can't wait to have a ton of money to do just that! BTW, ping me if you ever need a friend for Mexico City or Oaxaca, I can show you place and people and tastes and textures you have never experienced. Rodrigo M.
My father grew up during the depression, as well. I'm financially comfortable today, but I still check my wallet in the morning to make sure it contains some money.
3:01 - WORST car yes!! I saved and my dad helped get a used 1976, 914 Porsche. 17bday. On my 1st road trip, to see friends, a bad wheel alignment caused swerving lost control and I flip on a pretty desolate highway into the sandy embankment. AFTER my dad had it restored- a year later. A bad ignition fuse blew, caught the mid engine on fire… at a gas station. ⛽️ 🔥🚗It burned away in front of my eyes… the entire school knew about it, I was a Senior HS ‘01
![Felix "Unfair" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/Oswujxm2Ag0/mqdefault.jpg)
Hands down one of the best episodes...you can see the emotions in Scott's eyes when he talks about childhood and his father being a terrible role model.
Absolutely true
scott sucks so much. he thinks men don’t have enough status that’s why they don’t date. folks the average woman weighs 190 pounds. can we talk about that or no?
@@speedrunner9907maybe you should move to a different city. Women where I’m from don’t average anywhere near 190 pds. More like 130 pds
@@speedrunner9907maybe the average women you date 😂
@@speedrunner9907 well thats my reason whats yours?
A dedicated listener here - The best episode ever, I wish there were more men like Scott and Ed out there. Your partners are truly lucky!
Scott’s self awareness is the most charming and refreshing thing about him.
weird how different our opinions are. i view scott as a sniveling money grubbing coward who should fight in the next war to defend his pile of gold.
@@speedrunner9907 my point is that he would
probably whole heartedly admit it.
Very well put
Scott, thank you for being so vulnerable and real in front of all of us. You’ve inspired me to be a better person and I’ll do my best to pay it forward.
When I saw the title of this episode it didn't interest me at all, but I ran out of other things I wanted to watch so I gave it. This is way more interesting and thoughtful than I ever expected.
For all his faults (not least of which is his choice of opening jokes 😂), it is clear to me that Scott spends a decent amount of time and energy on introspection. I respect that. He’s not afraid to look at the darkness in his being. Most of us want to believe that we are the ones with the white hats and our enemies wear black. But if you can consider that you are sometimes wearing black….. well, that changes everything.
Yeah, he's much too old for "jokes" like these, esp. when shared with a young employee. Perhaps his social guardrails were weakened by alcohol and other drug abuse.
@@wholeNwonodd, isn't it. Agree it's more unpleasant here than with a "peer" like Kara on those podcasts.
For all his big talk you can hear him be a great listener on this episode as well.
My introspection is that, introspection is important. But younger folks have an air of appreciation and disdain. We all did. I am noit smarter than my dad, but I was exposed to more tech and info, so I advanced faster. The next generation has the same opportunity. Time in seat has value, but so does info and availability of tech, in every generation. Introspection allows you to rationalize both truths.
Ed, when it comes to friends' bachelor parties, weddings, extended family Christmas gifts etc, don't be afraid to dial it back or just say no. Do what's best for you and your long term goals. ❤
I love this episode guys! Really great content! Thanks so much!
This was definitely one of the best episodes of Prof G I’ve watched in a while, earning money is spoken about ad nauseam, but discussing spending can be a bit taboo for whatever reason. Thanks for opening up gents, you are both good role models. Peace
this was a great conversation. I love their honesty. it's rare to hear. I think that's one of the appealing aspects of this show. both Scott and Ed are very genuine in their thoughts and feelings. you might not always like them but they're being true to themselves publicly.
This episode is so fantastic!!!! Thanks for opening up about spending and making money with people you love. Money is energy, and being able to share and give is so rad! Cheers!
I really appreciate Scott talking about how covid was the greatest transfer of wealth from the poor to the already wildly wealthy. There has already been a great wealth divide in America but it was crazy to me that my brother who worked in a factory slept for a week straight sick with covid and our dad died due to covid (pulmonary embolism while in hospital with covid) -- with the only thing we inherited was a bill for a headstone (thanks for the $3k from the govt to help pay) -- and we just watched the price of housing balloon even more. It feels like we (millenials/zoomers/gen alpha) are living out the long tail of Reaganomics borrowing from future generations in the 80s to create the asset class of that era.
Me and my wife desperately want to have a home and start a family but we are getting close to the age where we can no longer have kids (late 30s), but when we budget , we've saved aggressively for a home but it seems very hard for us to afford daycare in the future -- and who knows if layoffs will come for us again. Apologies for the wet blanket response -- I love my job! But I just wanted to say thank you for the acknowledgement of the economic divide in our nation.
Maybe Scott could start reaching out and featuring people on the flipside of the greatest transfer of wealth away from the poor to the wildly wealthy. As in, other people's stories; the people behind the summary statistics he often quotes. (Anonymized, if necessary, for privacy.)
One of the most thought provoking and enjoyable Podcasts I have listened to, ever! Being between you guys, financially and age, it was fascinating to listen to the two perspectives and swing between the younger me wanting to be, needing to be, with the in-crowd to progress, along side the realisation once the money has been made, it is all about life, experiences and the people in your life.. But…………. I think making money with humility in the first place, allows the freedom to think and act in this way. A guy who worked for me once said, “money gives you choices!” That has remained with me ever since. Not happiness, choices, and from those choice is the possibility of happiness. Ciao, ciao ragazzi.
I appreciate Prof G as a thought leader. This guy could just f off somewhere with his wealth, but here he is spreading his wealth of knowledge, experiences and analyses. I don’t know how much he makes from the pods and social, but I doubt he’s in it for that. He genuinely seems like he is here for a greater cause. Maybe ego fuel 😂 but I appreciate it nonetheless.
The split check discussion hit hard lol I feel like my wife and cover way too damn often and we're the ones getting the least food and drinks every time. Totally see several people that load up on drinks and bottles - but are adamant about splitting the bill. That's why I just don't go out with those folks that often anymore. They're not entitled to my money and I'm not entitled to theirs. We do it out of love - but love has limits haha
Holy hell....the story about your dad had me tore up. Man what a impact that makes on a 13 year old. I believe te same thing...whats the point of having money if you cant enjoy it. Im not wealthy by any means but we have a beautiful home and a couple of nice cars. Take my kids to as many vacations I can a year so we can make memories. Thanks for sharing your story. That shows how much a impact a parent can have on a child.
I like Prof. G's style, real and classy. Thanks for sharing you with the world.
The most honest description of the unfairness of covid that I have heard. For some people it was great and for others it was the worst.
Great episode, very insightful! As a 25 year old professional achieving some success I can agree it feels great to gift trips back to parents.
Love how Scott shares honestly the real benefits of wealth. Doubtful I'll ever be wealthy so I appreciate having honest insight into how the 1% live.
Another thing I have in common with ProfG: Getting ventricular tachycardia from pushing down emotions :D
Thoroughly enjoyed this episode. Ed is very fortunate to be mentored by somebody like Scott. I would urge him to heed his advice and significantly increase his rate of savings and investing. Ed will be 40 before he knows it and will wish he had done more saving and less signaling. I recently explained the laws of compounding to the 21 year old intern at work. The difference between starting old vs. young is astounding.
I love Scott’s brutally frankness about his personal life and situation. It’s refreshing and there are some important life experiences in what he says that are well worth passing along to my grandchildren that might save lives, time and money!!!
Scott’s story about his dad and how being so cheap affected him was so important to hear, tons of wisdom from those words!
much LUV prof.G. those tears are confident, sensitive, masculin & proud tears. you're just a much bigger man in my estimation now 🤗🤗🤗
Thanks Ed and Scott you brought tears to a 71.5 yer old person with this one with the questions and both of your reflections. Ed you are also incredible I I just wanted to to re-enforce that since Scott already knows that about himself. Scott still appreciate you too big time. All the best. Ray
Key point: don't save 5%, be saving 10-15%. The indulgence is great if it doesn't impact the safety of your future.
Listening to you talk about your father brings back memories of my father getting in a fight with my mom because she ordered cream cheese for her bagel and it cost $2. He was a radiologist.
I have a decent job, but his salary was more than mine is now and it was the 90s.
People raised really poor (both my parents were teens during the great depression) were traumatized for life. Some of their habits and behaviors were unconscious.
I wasn’t born super poor, working class instead, but I did pick up some bad habits, some are penny pinching and other habits are buying the best with the money I have cause I am trying to break the “cheap” habit, but this isn’t always right either especially for rarely used or commonly replaced items.
Same with my dad but he's a dentist and made more in the early 2000s than I do now (and I make a LOT!).
@13:00 I really appreciate the brutal honesty (even when it's inconvenient). Respect. Love your content.
I agree that it is life’s experiences are most important. I’ve been a good saver my entire life, and I’ve also traveled quite a bit. Not only here but abroad. I have a friend who I think has needlessly scrimped his whole life and rarely went anywhere. I told him that you can’t take it with you but experiences, you take to the grave.
It is kind of mean of Ed bringing up subjects that make the good professor emotional. I say halve his year end bonus!
Prof G: 100% agreed on the being cheap attribute being the worst for wealthy people.
About experiences and "stuff", I grew up in a big house that ultimately ruined my family's finances since my parents were trying to keep up with the Joneses. That said, growing up in that big house and neighborhood was the greatest thing for me as a kid. It might seem stupid but giving that to my myself and to my family is extremely important to me.
If Scott had a negative net worth in 2008 and is now very wealthy, thats a crazy growth rate in money and means that savings that he made when he was young was lost. This means that his saving when young has nothing to do with how wealthy he is now.
Scott is the man. I just discovered him and am already a big fan. Looking forward to consuming more of his content.
you earned my like with the "if you want to see who you are look at your bank statement" Ed is the man
I would like to hear a discussion on the skill of "spending" but from the perspective of corporate managers. I began my career wanting to be a big time manager, but never moved above entry level because I could never get beyond the mentality of "saving money". Eventually I did conclude, "The only *real* business decision is writing a check; everything else is just talk." Even knowing that, I was doomed. I have marvelled at those I knew who could spin multimillion dollar budgets and SPEND! It would be great to get Scott's take on this.
This episode is one of the most unique financial shows I have ever watched! At times Scott is talking to a very small niche audience that I am a part of because of huge Bitcoin gains. I always wanted to be wealthy and now I am wealthier than I ever envisioned in terms of net worth, yet my behavior and outward appearance has hardly changed. I WANT to spend but I am having a very hard time doing so because of the good habits I developed in order to become rich in the first place. I have offered to take my extended family anywhere they want and to make a long story short I do not think they understand how short life is and how fast it can change. One would think they would jump on such an opportunity. Here is some advice for the young guy, he seems to care more about what others think of him than what he thinks of himself. You are not going to make it with that philosophy, "Fitting in is overrated" is one of my mottos. One reason a state like CA can keep on working when everyone says it should fail is because of guys like him. Guys in the top 2% FOREVER trying to live in the right place, send kids to the right schools, hang out at the cool clubs, etc... They spend (and get taxed) to oblivion in order to appear to move up in "status".
Thank you, Scott, for the emotional moment, really appreciated that.
Great Episode
Its funny how as a kid you love the holidays because you're excited about all the presents you're going to get, then as you get into adulthood you start to enjoy finding gifts for others. Took some coworkers out for thanksgiving dinner to my favorite place.
One of the best episodes. Well done.
I got choked up with you when you mentioned your best friend Lee. My Brother & Best friends name was Lee, also a gay man. He passed in 2019 😢
Incredible final question asked and answered. Ed is one of those people where they are younger than me yet also wiser and more insightful that really make me question what the fuck I've been doing with my life.
Scott, you set a brilliant example for young males who aim to be more vulnerable
Scott, love your podcasts, but I think you seriously missed the boat on check splitting. Among my fellow financially comfortable boomer friends, someone from each couple throws a credit card at the check. The waiter/waitress asks if we want to split it, everyone says 'yes'. Easy peasy. We've tried the "I'll get it this time, you get the next". It doesn't work.
Except when we travel together. The situation is different. One of the pack, usually the most compulsive, will use an app like "Cost Split". Each couple takes turns paying expenses. Someone will then pickup the dinner check. The person who makes the reservation (rental car, shared condo-air b & b, etc.) will pay the charge. Everything gets put into Cost Split. At the end the trip, the Cost Split keeper will let everyone know how much they owe each other couple. It's usually down to a few dollars each.
came for prof g laughs, stayed for prof g tears
😭😭
You’re halfway there Scott: you learned to downsize the “things” without losing any joy. Now learn to do that on the experiences as well and you’ll realize having and spending lots of money is totally unnecessary. Even being super generous and taking people to Africa distorts the normal human relationship. Learn to forge strong relationships and be masculine without the money crutch, the luxury crutch, the fame crutch the alcohol crutch. Many spiritual leaders in history have shown the way including Bhudda, Jesus, etc. No 9 figures required. Millions of humans all over the world with very modest means have incredibly rich lives full of much stronger interpersonal relationships than yours with the divorces etc. you have a lot of good qualities but some “atheists” protest too much trying to prove to themselves and others how moral they can be without god but most of their morality / ethics is just warmed over judeochristianity without attribution.
Here's a spin on who gets the check. My wife and I are on a tight budget right now. We have very wealthy friends. When we go out to eat, my wife and I will order economical items, while friends order what they want regardless of the price. If they get the check this time and we get the check next time, then we end up spending more money than we planned.
We tell them we want to split the check, and they fight over paying the check and do it. So now we're stuck either excepting the generosity or trying to pay their expensive check next time, which is not in our budget. Like you said eventually we will just be freeloaders if we dont pick up a check
Accepting not "excepting". If they are really your friends, you should be able to have a frank conversation with them about your financial constraints. I'll grant you that they should have been more observant when you placed your orders and realized the situation but some people are dense.
Holy sh*t!! I died at that opening joke! That was not expected. 😂
53:00 love to see this mindset in scott. what a guy :)
What a show this is 🙌 The experience shared is one thing, but the deep, intelligent reflections are incredible, and a source of inspiration. Thank you!
Im very cheap with myself and very generous when I'm with my friends. Best of both worlds, lol
It was emotional for me too listen about Scott’s father because I have the same father, cheap, miserly, would hold grudges over a few dollars. Now that I’m 40 we don’t have a relationship, a few dollars costed him this. He wasn’t there for my mother and I financially when they split up, he took the house we went to government housing. Now that I’m 40, I have such a different perspective, my husband and I practice generosity with our children, we value time and relationships. I value these more so than anything because of how my father was.
Todays number is 1, as in, first comment
I Iove this show but this is hands down the most interesting and inspiring one so far - from a 56 year old. Nuggets to be found here❤!
Fuckin hell, great episode.
Scott's a pretty good talking head about businesses and the economy, but his ability to communicate wih compassion and vulnerability about the human experience is truly exceptional.
Profound conversation about how to manage the fruits of our labor. It’s perfect on all fronts, but especially for #GivingTuesday.
This was a fantastic episode. Thank you both!
Professor, You are an inspiration! I love your attitude towards money and being generous. Kol hakavod, kol hakavod. May you always be blessed with abundance, good health, and happiness!!
This is my absolute favorite episode!!! Part 2, please.🤩
Eurail pass! I did that in the 80s best ever holiday!
Love the reaffirmation to spend on experiences and cool story from ed. I have that rule, too, whenever I go to Nyc to overspend on unique experiences. I've too often spent on shoes, clothes, and gadgets with very little return.
Awesome episode , only planned to listen for a few and stayed for all.
@ 33:35 those moments when ya gotta bring out that inner Larry David~~~~it''s only fun when watching it on tv.
ProfG.on point.
You always can tell what you take pride in yourself by what you hate in others.
Thank you for this episode. Very insightful.
I don't have money but the most fun you can have with money is to give it away!
Great show …I teared up over Scott’s comments about his friend Lee.
I bought quite a lot of shares in Royal Bank of Scotland somewhere around mid 2008. Wish I hadn't. I'd love to be more original about my best purchase but it was a flat in West London. Sold it 9 years later for the same money we bought our forever home, 5 bed, 3 reception detached house on a big plot in Norfolk.
Generosity is everything. Also, pay more for services instead of haggling for discounts.
Wedding Industrial Complex...fantasmic
Amazing Questions!! One of the Best Episodes!! Thank you
HI guys, came across you thanks to the RUclips algorithm, guess it does work sometimes! Anyhow, great dynamic between you guys and enjoying the content.
As always, good show. Only 2 comments. Most people (99%) won't reach your wealth. I am a top 3% instead of 1%, and life is vastly different. I know you have experienced that, but always keep it in mind. Second, I am 59 and go out with couples all the time where we just split the check 50-50. No one cares if someone got a salad and another a filet. And no arguments and no feeling bad. It's not that hard.
Sometimes the items are near in price but does that mean you also neglect your relationships where you can’t split 50/50? That would be sad especially later in life when maybe you can’t share the finer taste in life but instead share your time with someone you had history with before your times end.
@@ElmerGLue To be respectful, I think you are overthinking my comment. We have many friends in near our wealth (we are all lucky). And instead of doing a split (you get the next one). We just ask the waitress to split the bill 50/50. BTW-when it is a penny off, the dad humor is epic. Anyway, a minor detail. Prog G is awesome and provides a valuable insight. If you listen, I assume you are a good, thoughtful person. Thanks.
Any depreciating asset would qualify as a bad purchase. Designer clothes for me, but kinda paid off in social and relationship ways🤪
22:00 I have a similar background and experience, and I was wondering if you ever felt taken advantage of or manipulated because of your generosity is that has happened to me several times and it’s always painful
Sheesh! This podcast is great! Motivating and inspiring. Two good guys.
Isn’t the background to this message…(it seems to be): Think carefully about what life can and does offer and, spend sensibly but with jo. I do agree with the have less booze message (at this age as Prof G says).
Have a fab day all - from NZ Kiwi
Great episode, thank you for being so open.
I love this episode ♥️
Agree we should openly talk about salaries with coworkers.
Good one!
Love these episodes
Hank Gathers had hypertrophic cardiomyopathy which is a genetic condition where the septum and left ventricle become enlarged and can lead to arrhythmia and death. This doesn’t occur because of excessive exercise.
Great episode guys. Thank you 🙏
This is very nice 😊
Fab pod, it has made my year :-)
There is just no way to be, at 20, the men we grow into as we age.
The order of life, e.g., when we make big money, when we have kids, when we go to higher ed, etc., makes a huge difference in the quality of life.
Grotesque is the right description. I'm sorry for the pain you had to go through with your shitty dad. Your understanding of generosity is definitely not selfish.
Ed's best splurge; "I spent so much money at a club that I got to sit in the VIP section next to famous people." Unbelievably sad.
Me mocking strangers on RUclips; also sad.
Great job on Theo Pdcasts.
Great timing for bonus season 🤣😂🤣
This was such a great episode!! I was laughing and crying.
I absolutely love your philosophy on inviting friends to travel with you! I can't wait to have a ton of money to do just that! BTW, ping me if you ever need a friend for Mexico City or Oaxaca, I can show you place and people and tastes and textures you have never experienced. Rodrigo M.
Scott, "I'm so proud of you" 😊
On splitting the check with friends. Splitting by the number of couples / cards isn't that awkward
Ed, don’t worry about your career outlook post pod, A+ companies will form a loooong queue to hire you.
I drive a Mazda and went to Africa. It was incredible.
My father grew up during the depression, as well. I'm financially comfortable today, but I still check my wallet in the morning to make sure it contains some money.
Ed's party on Mykonos sounded fun!
3:01 - WORST car yes!! I saved and my dad helped get a used 1976, 914 Porsche. 17bday. On my 1st road trip, to see friends, a bad wheel alignment caused swerving lost control and I flip on a pretty desolate highway into the sandy embankment. AFTER my dad had it restored- a year later. A bad ignition fuse blew, caught the mid engine on fire… at a gas station. ⛽️ 🔥🚗It burned away in front of my eyes… the entire school knew about it, I was a Senior HS ‘01
You seem surprised. Could have been worse: Ferraris occasionally catch fire and burn to the ground, Bur German auto "engineering" is a myth.