The Missing Piece in 99% of Financial Advice | Scott Galloway

Erika Taught Me

Erika Kullberg

Business, Entrepreneurship

4.8 • 2.3K Ratings

🗓️ 23 April 2024

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

#81 Why is Stoicism so important for building your wealth? Scott Galloway, a professor and prominent figure in the field of business and wealth management, brings a unique and practical approach to achieving financial success. With a background rich in entrepreneurial success and academic insight, Galloway's formula for wealth combines focus, diversification, time and Stoicism. Get Professor Scott Galloway’s New Book: The Algebra of Wealth here: https://erika.com/the-algebra-of-wealth Special thanks to our partners & sponsors: Webull (free stocks) - https://erikataughtme.com/invest Aura: Get a 14-day free trial with my sponsor Aura and see where your personal information is being leaked online - https://erikataughtme.com/aura Bilt Rewards - https://erikataughtme.com/bilt I’m running a free “Save $1,000 Challenge” to teach you creative strategies to save money. It’s 5 days long and starts on Monday. Grab your free spot here: https://Erika.com/go Thanks for tuning in and come back every Tuesday for a brand-new episode! Make sure you hit the follow button to get notified. Prefer to listen on the go? Listen wherever you get your podcasts. https://www.erikataughtme.com/follow Prefer video or want closed captions?⁠⁠ Watch this episode on YouTube: https://youtu.be/ptsbEVzxVeg Did you enjoy the episode?⁠⁠ Please leave us a review here⁠⁠ https://erika.com/review : (just scroll to the bottom and tap on “leave a review”) It really helps the podcast especially since we’re just getting started. Even just a sentence is perfect! Follow the podcast @erikataughtme across platforms. ⁠Connect with me on Instagram.⁠ https://www.instagram.com/erikankullberg For more information, go to⁠ https://erikataughtme.com Get on my personal finance & investing course priority waitlist here https://erika.com/3D-money Get my Mastering YouTube course, to learn how to grow a YouTube following and monetize it https://erika.com/mastering-YT ⁠Get more of my free resources. https://erika.com/all-links

Transcript

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0:00.0	Capitalism is really just triggering you so many ways to give you a sense that your self-worth is really a function of how much money you spend on yourself.
0:09.0	And so it's difficult to break out of that, but if you can live like a stoic and try and gamify saving money and really develop a saving muscle, you really can lean into your superpowers a young person and that's your youth or specifically that you have time.
0:23.7	Scott Galloway is an author, podcast host, entrepreneur and professor of marketing at
0:28.6	NYU. His insights on complex topics like business, lifestyle, and investing have inspired millions.
0:34.8	There are several thousand multi-millionaires that work for the government and never made more
0:38.6	than $80,000 a year, but they maxed out their savings plan every year, they live below their means,
0:43.2	and they just chipped away at it. His compound interest is just,
0:46.2	Einstein's credited with saying it's the most powerful force in the universe,
0:48.9	but it's just staggering what can happen, compounding if you start early.
0:56.0	I'm Erica Koleberg and you're listening to the Erica Tautme podcast.
1:01.0	Hi, it's Erica Koleberg, and before we dive into today's podcast episode, I have an exciting
1:07.2	announcement that can help you save an extra $1,000 without having to penny pinch
1:12.2	or change your lifestyle.
1:14.0	On Monday, I'm running my free five-day savings challenge
1:18.0	where you'll discover simple and creative ways that you can save extra money every month.
1:23.0	And whatever you want to do with that extra money is up to you.
1:26.0	I'll just show you how to save it.
1:28.0	The challenge is totally free to join.
1:30.0	All you need to do is go to Erica.com slash go.
1:34.6	Erica is with a K and you can secure your spot.
1:38.0	By the way, these strategies that you're going to discover
1:40.6	can help you easily save money. Whether you're a budgeting novice or a finance
	...

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