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Scott Galloway's Tips On How to Get Rich
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- Опубликовано: 19 авг 2024
- Today on Behind The Brand Scott Galloway talks about his tips on how to get rich over time. He talks about finding what you are good at and getting better at it. He also shares some tips on how to make your money compound over time.
We hope you enjoy watching Professor Scott Galloway explain how to get rich in this episode of Behind the Brand with Bryan Elliott.
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I'm 34, and have been on a self improvement journey for a little over a year and a half now.
Stopped drinking, started working out, started eating correctly. I lost 70 pounds. I got my budget right, I paid off $50,000 in debt. I saved money, I bought a house. I got a better job and started a business, now my income is over $11,000 a month. Life isn't great, but it's amazing how much I have turned around since 2021.
I give you props, I’m the same age though I’m nowhere near where you are in life. I’m still in debt, can never seem to find or get a great-paying job, and it’s looking like I’ll probably never be able to afford a house. If I may ask, what do you do for your business?? I’m always curious how/why people start a business… I think some of my problem is that I’ve never found something I’m good at that I could even do as a business, and I’ve dabbled in many many things over the course of my life and here I am still trying to find something I’m actually good at
Wow, amazing! Keep it going!
The best advice I received when I was going through my divorce is, "take the high road". Don't be petty, don't slight the other person when you've been slighted, don't live by that "an eye for an eye" mentality. Take the high road.
Well said. Another really important thing to put time into is sleep. My struggle is telling myself to go to sleep or take a nap. An exhausted person can't perform at their best.
Agree! Btw, stay tuned for my upcoming episode about sleep...
Taking early notes from Warren as to the importance of sound asset diversification and risk management It can’t be overstated. I’ve been trying to grow my portfolio of $300K for sometime now, I would greatly appreciate any other suggestions.
It's more challenging to create a strong financial portfolio, so I advise you to get help from a professional. You can then receive strategies that are specifically suited to your long-term objectives and financial aspirations.
Quite true! You don't necessarily need to be a flawless investor; all you need to do is seek advice from an expert. I began investing in 2016 and pulled a profit of roughly $900k that same year despite having no prior investment knowledge.
Pls who is this coach that guides you? I’m in dire need of one
There are a lot of independent advisors you might look into. But i work with Nicole Desiree Simon , and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Well put. Common sense but well articulated. His students are lucky to have him as a prof
Truth! All I did was open a Vanguard account and invest in index funds and I am retiring at 57. Just start young.
How young?
@@jshepard152 25
Very sage advice.
Started weight lifting(mostly H.I.T. training) since 14, stuck with it 90% of the time since. Great benefits in muscular and strength gains and slows down aging too!
Most practical life advise you will ever find.
You'll watch an entire Netflix show even when the first episodes are slow and boring just because someone told you *"it gets better."* But what if you looked at your goals like that and watched your life get better instead?
Dear lovely person that's reading this, we may not know each other but I wish you all the best in life! ✨
I believe in you! Love - Nat ❤️
Thank you! You too!
Golden advice!
thanks Lorenzo!
“85% to 95% of people who day trade lose money”. So you’re saying there is a chance
Love this man so well spoken and eloquent
This man is speaking facts
thanks!
Do jiujitsu. It’s a physical form of chess. Team training but your performance and accomplishments are your responsibility. Great workout, helps you strategize and socialize. Wish I had started sooner - Everyone
Yep, started at 37, now 41, best decision I ever made. You make great friends, you find out what you're made of, you start walking around the world a LOT more confident. Zero downside as long as you're not an egomaniac and don't know how to tap properly.
@@elliotjames5172 all true 👌
When do you react on the highway? I have watched traffic manners get worse my whole life. 66. Inconsiderate/ignorant drivers is the worst part of commute. I'm a courteous driver, I know how to merge. I don't drive slow in the left lane. If i miss an exit ramp, I don't stpp 3 lanes of trafgic to pull off, I go to next exit. I put my lights on at night. I'm in the minority and it's not right.
Good Morning all👋🏿
Good morning!
" We are what we repeatedly do." Aristotle
Health is Wealth
As a retired engineer I am convinced that the bipolar nature of our society has a root cause. That cause is "Only vote for one." Everyone must pick a tribe and it must be Democrat or Republican. Let us vote Y-N for every candidate? This would also get qualified non-typical politicians into the mix.
@vipero00 valid point, though (speaking from Germany) the polarization is more extreme in USA than here, but getting worse here.
Anyone normal human being who has even a basic understanding of the issues at hand and has an opinion on them, is likely to be (more) conservative on some issues and (more) liberal on others.
The world is a little black and white and a lot of grey.
This reminds me of how ships are, a rising tide lift all boats.
Men would be better served watching this guy vs. Jordan Peterson Good info!
They're both good.
@@jshepard152 I beg to differ. I think qualitatively Peterson is beat on this one hands down.
Can you ask Scott what books recommend for beginners investment on understanding and books on having the right mind set
Hi. I went to the same business school as Scott did. He was a couple years ahead. I recommend Personal Finance by Eric Tyson. It provides details of how to save and invest that Scott only touches at a high level.
Best investment strategy for the average person is to buy high quality, no load mutual funds in good fund families (Fidelity, Vanguard, Janus). Use the Morningstar ratings too. I did deep-dive investing at various times, but found that, over the long term, my mutual funds did better. If you think about it, the top tier research analysts at those companies know a lot more than you do. And, it can free up time & intellectual/emotional energy for you to focus on other things.
Amazing guy, great teacher, fantastic with the 4…
Thank you
I love that Yojimbo reference.
thanks
Common sense is so uncommon these days - well put all the points mentioned. In addtion to "talent, cost control, saving, time, investing, fitness" is as well "don´t invest in women, booze, drugs"
when you interupted in right after he said "its about not reacting emotionally to insults".. i was praying you were just going to chime in and say "bitch" hahaha.
GREAT ADVICE!Thank you.Daily workout is a must!💪🏋️♂️.People will test your quiet power!Driving in San Antonio will REALLY challenge your patience!&Stoicism.
Great video which summarize his other long videos (of Scott G)
Concise and right on the money!
Thanks for sharing
thanks Thomas
Amazing advice
Why is online trading a negative? If you do well at it what is the issue?
love this! I have to work more at being a stoic.
Wisdom.. 🙌🧡
"How to be rich?" mandatory first requirement, be born in a rich country. Then follow every other credible investment advice.
seems legit
Be born in a rich country? Yes maybe because there are rich people in poor countries too
@@markkoalawebseo And Poor plus HOMELESS people in Rich countries TOO🚶🏾♂️🚶🏾♂️🚶🏾♂️🚶🏾♂️
Wrong. The richest people in the world are immigrants.
@@xpaulx838 You can't be rich if you are born in extreme poverty in an undeveloped country. I'll break it to you in most countries outside of the first world Western meritocracies, there is an enforced class/caste system. In India if you are a black skin dalit you will never be as rich as the white skinned aryans unless you move to the United States or other similarly advanced countries. Elon Musk don't count because his family were rich white colonizers profiting from an enforced apartheid system & bullying Africans. In the Philippines you can never get rich having a job there, so you must move overseas to have a higher paying job to afford your family a higher quality of life. If everyone were listening to this video & do what this video says then everybody will be rich, but that never does happen just as long there is an enforced class system where trust fund babies become plutocrats & have a very unfair superior advantage over almost every other person their generation. You're being naive to believe there is a classless society in this world or what I was saying poor countries.
dude.. warriors fight in wars. they do not leave their sword in their sheeth
awesome :)
Thanks 😁
Scott Galloway, rich? That's rich indeed! I think I saw him the other day driving a Honda Pilot... Good advice though, I'm sure someone will take it!
Smaller families. There’s your answer.
Lot of truth I see in the youth currently.
Curious what SG empathy level for strangers is. Or is he purely analytical…
No one has empathy for strangers. It’s not how our brain works.
Be Wise when Investing,Saving etc..Nothing worse IMO,then to bust your a$$ working,being overly frugal,overly invested,scrimp and save every penny,then you suddenly get SICK!And you have no beneficiaries!(like Me&Wife!) BALANCE FOLKS!
Don't react. Respond.
Tell that Fresh Prince
I want to be happy. Not wealthy. Money is the root of all evil.
I want to be SOMEWHAT Happy,and SOMEWHAT wealthy.If you don't have enough money,you can't help anyone.Being generous(somewhat!😳)is kinda cool.
I’ve been poor but now am in upper quintile of my age demographic. I just had fewer choices as a poor person. Certain things I had to do. Having money has brought me some freedom to choose. I never want to go back to poverty.
@@rokyericksonroks I understand. I've been poor too. It "is" better to have money when you're older.
@@CBT5777 Totally agree,My PARENTS especially can attest to your statement.They DIDN'T save money AND they got into debt,Not good.
Cheers to Musk & free speech! 👍🇺🇸🥳
We are in new times sir. Talking nonsense from the elderly is the new pandemic. Your worried for you and not for the young because the future isn’t looking to bright lol
I’m not sure this is an accurate assessment… Scott has tens of million dollars in the bank so he’s going to be just fine. This is a warning to other people who do not have financial freedom.
Bootlicking is not my talent, that rules me out 99% of jobs ???!!!!
The assumption that the future will function like the past is flawed. Climate change makes getting rich a crime. Aim instead for a sustainable ,low resource life. Think small.
1:35 guy feels compelled to butt in and break the flow, more annoyingly contributed nothing at all
ataraxy: stoic indifference. live it and succeed.