Scott Galloway: The ONLY Savings Strategy You Need

BigDeal

Codie Sanchez

Entrepreneurship, Business, Marketing, Investing

4.9 • 972 Ratings

🗓️ 9 March 2026

⏱️ 97 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this BigDeal rerun, Scott Galloway breaks down how the American Dream's playbook — degree, home, wealth — is broken. Housing costs have tripled relative to income. Two-thirds of young men aren't going to college. One in three men under 30 doesn't have a girlfriend. And the wealthiest generation in history is systematically extracting wealth from the youngest through tax policy, artificial scarcity, and a rigged economic structure most people never see. Scott Galloway has built and lost hundreds of millions. He's an NYU Stern professor, serial entrepreneur, and one of the most honest voices on what's actually happening in the economy and the future of young people. In this conversation, he breaks down the transfer of wealth from young to old, why loneliness and extremism are the biggest threats to society, and the formula for economic security that actually works. You'll learn why Social Security is the largest wealth transfer in history, how the tax code ballooned from 400 to 4,000 pages, why housing went from four years of salary to twelve, how elite institutions use rejection as a business model, why we're producing too few economically viable men, Scott's SCAF framework for fighting depression, and the four-part formula for financial security — plus why low-cost index funds beat 99% of hedge funds. If you're young, ambitious, or trying to win in a system that feels rigged, this episode will change how you see the game. Ready to turn your newsletter into a side hustle? Head to https://beehiiv.link/e2bp10 and use code CODIE30 for 30% off your first three months. ___________ 00:00:00 Introduction 00:01:32 The Elegant Transfer of Wealth: Young to Old 00:06:00 The College Admissions Scam: Artificial Scarcity 00:08:39 COVID's Intergenerational Theft: The $6 Trillion Giveaway 00:22:33 Your Economic Survival Guide: Focus, Stoicism, Time, and Diversification 00:47:30 The Rejection Superpower: Why Failure Is Your Edge 00:53:40 The Young Men Crisis: Loneliness, Dating, and Economic Viability 01:08:00 What Young Men Need: Guardrails, Plans, and Demonstration of Excellence 01:17:22 The LBO Boom and Corporate Concentration: Who Really Owns America 01:31:10 Elon Musk and the Tech Bro Problem: Post-America While Leveraging America ___________ MORE FROM BIGDEAL 🎥 YouTube: https://www.youtube.com/@podcastbigdeal 📸 Instagram: https://www.instagram.com/bigdeal.podcast 📽️ TikTok: https://www.tiktok.com/@big.deal.pod MORE FROM CODIE SANCHEZ 🎥 YouTube: https://www.youtube.com/@codiesanchezct 📸 Instagram: https://www.instagram.com/codiesanchez 📽️ TikTok: https://www.tiktok.com/@realcodiesanchez OTHER THINGS WE DO 🌐 Our community: https://contrarianthinking.typeform.com/to/WBztXXID 📰 Free newsletter: https://contrarianthinking.biz/3XWLlZp 📚 Biz buying course: https://contrarianthinking.biz/3NhjGgN 🏠 Resibrands: https://resibrands.com/ 💰 CT Capital: https://contrarianthinking.biz/4eRyGOk 🏦 Main St Hold Co: https://contrarianthinking.biz/3YfGa8u Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I think almost everything we do is an elegant chancellor of wealth from young to old.
0:02.8	Who owns homes, makes money selling stocks, people my age, who rents and makes money with current income, people your age. What do you tell a young person today? I can get you rich. That's the good news. Find something you're good at. People say to follow your passion. I think that's both. You've got to develop a savings muscle. And the final thing where I really screwed up was the... Oh.
0:20.2	Follow this pattern.
0:21.6	You're going to be economically fine.
0:23.3	Scott is fascinating. And then the final thing where I really screwed up was the... Follow this pattern. You're going to be economically fine.
0:22.6	Scott is fascinating.
0:24.6	Made millions, hundreds of millions even, lost hundreds of millions
0:27.6	and has played this game of wealth incredibly well.
0:29.6	He's willing to tell the ridiculously hard truths on both sides of the coin
0:33.6	and then back it up with a massive amount of data.
0:35.6	So without further ado, Scott Galloway.
0:38.0	Get used to rejection. Most people aren't willing to endure rejection. I've started nine companies.
0:44.3	Four a failed, three are tie, two or hits. All you need is one. We are producing way too few
0:50.3	economically and emotionally viable men. They're not going to college, dating. The result is
0:55.0	loneliness. I think the biggest threats to our society aren't climate change or even income
0:59.7	inequality. I think it's one extremism and two, I think it's loneliness. Let's talk about another boom
1:06.0	because I don't think the average person realizes what's happened right underneath our nose.
1:09.8	We have allowed so much concentration of power that the rents they can charge on consumers go up every year.
1:15.6	I think there's a lot that can be done to make small business and bring down the costs for regular consumers.
1:21.6	I think one of the best TED talks I've ever seen from you recently about stealing from the youth to give to the old in this country.
1:32.3	What do you think's happening and how did we get where we are today?
1:36.3	Well, the D and democracy is working a little bit too well, and that as old people have figured out they can vote themselves more money.
	...

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