Scott Galloway: Do This In Your 20s To Make Millions In Your 30s

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 6 May 2024

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 581: Sam Parr ( https://twitter.com/theSamParr ) and Shaan Puri ( https://twitter.com/ShaanVP ) talk to Scott Galloway about his Get-Rich formula they won’t teach you in school and the hard-to-hear but essential advice every 20-year old should hear. Want to see Sam and Shaan’s smiling faces? Head to the MFM YouTube Channel and subscribe - http://tinyurl.com/5n7ftsy5 — Show Notes: (0:00) Don't follow your passion (3:08) Reverse engineering $160M exit (7:30) How to keep top talent in your company (11:12) "I'm not your friend" (13:41) Scott's best and worst hedge fund deals (16:20) Losing $10M every day (18:14) Handle triumph and disasters the same way (20:54) If you can't fix it, you have to stand it (24:28) Lessons about happiness from the dying (25:51) Statute of limitations on suffering (28:57) Where Scott steals his powerful phrases (33:09) Shaan opens his notes app of funny phrases (34:52) Scott's anti-excited list (37:33) “Go live in a city” (39:50) Opportunity in America v Europe (42:30) The fallacy of hard work over time (46:56) Money does buy happiness (52:20) The Algebra of Wealth (55:33) If you have a side hustle you need a better main hustle — Links: • The Algebra of Wealth - https://tinyurl.com/44yw3h6k Get HubSpot's Free AI-Powered Sales Hub: enhance support, retention, and revenue all in one place https://clickhubspot.com/sym — Check Out Shaan's Stuff: Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano

Transcript

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0:00.0	My first Nellian, my first baby mama, my first catamine experience, my first addiction. I feel like I can rude the world I know I could be what I want to.
0:17.0	I put my all in it like no days off.
0:20.0	Welcome. Here's what I want to start with.
0:22.0	I love some of the things that you say. And one of the things you said is, don't follow your passion.
0:27.6	People who are already rich tell you to follow your passion. You should follow your talent. Can you
0:33.2	unpack that? Can you explain what you mean?
0:35.0	I wanted to be an athlete. That was my passion and then I'm going to
0:38.9	UCLA was a blessing because I figured out pretty quickly that I wasn't in the
0:41.9	point 1% you need to be in to make your living as an athlete.
0:46.4	And there's a fair, there's some pretty basic axioms that should guide your career choices around where you invest your most.
0:53.7	A precious capital, and that is your time, your human capital.
0:56.1	The first is, the sexier, the business, the lower return on investment.
1:01.0	You want to be in fashion, the arts, movies, modeling, sports, unless you get really incandescent
1:10.9	green lights from a very early age that you're going to be in the point one percent, try and make a living somewhere else and then do that on the weekends.
1:19.0	And that is, if you,AFTRA, the most talented actors in the world, it's hard to get a SAGAFRA union card.
1:27.8	You have to actually ban something.
1:29.0	These are the most talented actors in the world.
1:31.3	182,000 of them. 87% of them don't qualify for health insurance because
1:35.8	they don't make more than $23,000 in a given year. So the key is finding, not finding
1:41.7	your passion, but finding your talent and then committing to developing mastery.
1:46.0	And if you can develop mastery in anything that has a 90 plus percent employment rate, which
1:50.6	98 percent of sectors enjoy, the economic accoutrements, the
	...

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