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The GaryVee Audio Experience

Which Path Leads to Financial Success?

The GaryVee Audio Experience

Gary Vaynerchuk

Business, Marketing

4.818.3K Ratings

🗓️ 8 September 2024

⏱️ 16 minutes

🧾️ Download transcript

Summary

Saving cash to go on the offense is a smart idea. Today's episode of the pod is a virtual Q&A I had last year with The Frisch School Entrepreneur Class students. I share my personal journey of saving money and making strategic investments in companies like Facebook, Twitter, and Tumblr. I also share my two cents on the massive potential of blockchain, especially with the advent of AI, the education system, and much more!

Transcript

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0:00.0

I worked for my dad's liquor store and he never really paid me a lot of money but I was saving money like crazy

0:05.2

I was making 50,000 a year and I was saving 10,000 a year because I didn't buy shit I was just working and saving

0:10.7

and all those savings is what let me invest into Facebook Twitter and

0:14.4

Tumblr stock. Smart people realize investing is a good way to go versus just

0:18.9

savings but I always have a nest egg. You have to have a rainy day fund

0:22.3

just in case things go poorly and I

0:24.3

think one of the biggest issues in the world right now for 20 to 30 year olds is

0:27.5

they don't save. Everyone's buying dumb shit to look cool on social media and

0:31.0

then when a rainy day happens they're panicking and so I think you got to find your balance.

0:34.8

In the past you've predicted the come up of the new forms of media particularly short form video

0:41.3

I've seen in Tik-talk, Instagram, YouTube.

0:44.6

So looking forward into the future,

0:46.8

how do you predict media will be consumed?

0:49.8

And how can content readers at the moment

0:52.0

take advantage of that new way to focus?

0:55.0

Content creators need to focus on what's free, right?

0:58.0

Because I also thought that long form was going to do well when I saw how streaming was playing out.

1:03.6

Many people in this room know that they've watched five straight

1:06.7

episodes of something on Netflix or Hulu, right?

1:11.4

And so like, long form is doing great.

1:13.6

Like, I watched all of Wednesday, Adams, in like one evening,

1:19.0

you know, and so I think that creators need to focus on the platforms that are free.

...

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