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The Diary Of A CEO with Steven Bartlett

The Investing Expert: We’re Raising The Most Unhappy Generation In History! The Unseen Link Between Marriage & Wealth! Hard Work Doesn't Build Wealth! - Scott Galloway

The Diary Of A CEO with Steven Bartlett

FlightStory

Society & Culture, Business, Education

4.613.2K Ratings

🗓️ 11 July 2024

⏱️ 111 minutes

🧾️ Download transcript

Summary

The millionaire entrepreneur revealing Wall Street's secrets and simplifying finance for the masses Scott Galloway is a Professor of Marketing at the New York Stern School of Business and host of the ‘Pivot’ podcast about technology and business. He is also the best-selling author of books such as, ‘The Algebra of Happiness’, ‘The Four’, and ‘The Algebra of Wealth’. In this conversation, Scott and Steven discuss topics such as, billionaire money hacks, the 6 fundamental rules of investing, how to make $7 million from nothing, and how marriage can make you rich. 00:00 Intro 02:00 Why Some Become More Rich Than Others 03:15 Where Do We Learn About Money? 08:43 Where Would We Be Without Those Connections? 13:04 No Matter How Old You Are You Can Still Make More Money 20:21 When To Take Risks And When To Diversify 23:27 Should We Go For Our Dream Jobs? 27:05 Having Money Is Fun! 31:18 Why Should You Have A Number Of How Much Money You Need? 32:41 How To Make 9-Figures 37:18 Where You Should Live To Be Financially Successful 40:02 How Do You Get Out Of Your Current Job Situation 42:39 Good Places To Make Money Vs Bad Places To Make Money 45:19 How Do You Find A Mentor? 49:10 The Psychological Formula For Networking 56:58 How To Be A Great Decision Maker 01:01:48 Is Marriage Good For Wealth? 01:03:39 Relationship Investing Is The Key To Wealth 01:06:17 Can Anyone Start A Company? 01:08:11 The Power Of Storytelling 01:10:01 How Does The Average Person Develop The Skill Of Storytelling? 01:12:54 What Is The Algebra To Storytelling? 01:16:25 How Has Scott Changed Over The Years? 01:18:56 Where Should I Invest My Money? 01:27:12 Investing $1000 A Month In S&P Visual 01:30:42 Is Real Estate Worth Investing In? 01:34:59 Playing The Tax Game 01:41:37 The Importance Of Tax Advice 01:43:53 Last Guest Question Follow Scott: Instagram - https://g2ul0.app.link/JCoalDTC7Kb Twitter - https://g2ul0.app.link/9EftqvWC7Kb You can purchase Scott’s book, ‘The Algebra of Wealth’, here: https://g2ul0.app.link/g6AkFeRC7Kb Watch the episodes on Youtube - https://g2ul0.app.link/DOACEpisodes My new book! 'The 33 Laws Of Business & Life' is out now - https://g2ul0.app.link/DOACBook You can purchase the The Diary Of A CEO Conversation Cards: Second Edition, here: https://g2ul0.app.link/f31dsUttKKb Follow me: https://g2ul0.app.link/gnGqL4IsKKb Sponsors: PerfectTed - https://bit.ly/DOAC-POD-DIARY15 - Code: DIARY15 at checkout for 15% off NordVPN - https://nordvpn.com/doac - give you 4 extra months on the 2-year plan. There's no risk with Nord’s 30 day money-back guarantee!' Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Let's be honest. It's the boring shit that makes you rich and the most unbelievable

0:06.0

wealth and long-term economic security is...

0:09.0

And then once you do that, you can become a super tax avoider. that's

0:15.0

how it sounded awful.

0:16.0

Scott Galloway, one of the world's leading voices in business and finance is back.

0:21.0

His mission is to help millions of people build incredible wealth

0:24.3

and live a life of economic security. If you're trying to build wealth, you want to lean into your

0:28.2

advantages. Your advantages in your 20s are flexibility and time. So take risks, find your talent, not your passion,

0:35.0

it has a 90 plus percent employment rate,

0:37.0

or become an owner, not an earner,

0:39.0

and develop an army of capital that goes out and kills for you at night,

0:42.0

and then invested.

0:43.2

What if you're not young?

0:44.4

Focus on the things you can control.

0:45.9

One thing that is within your control is spending.

0:48.1

But 98% of us will spend everything we get our hands on.

0:51.9

It is very hard to have the discipline

0:53.9

to take money that is within your grasp and invest it.

0:56.5

And we don't appreciate the power of investing

0:58.9

and compound interest.

1:00.2

My team brought a bucket of sand

1:01.8

to illuminate the power of compounding interest.

...

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