Why Saving Alone Won’t Make You Rich... Do THIS Instead in 2026!

THE ED MYLETT SHOW

Ed Mylett

Entrepreneurship, Education, Business, Self-improvement

4.9 • 13.6K Ratings

🗓️ 6 December 2025

⏱️ 78 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The real path to wealth in 2026 is not saving more. It is thinking differently. In this mashup episode, I am bringing together three of the brightest financial and personal growth minds in the world to shatter one of the biggest myths keeping people stuck. Saving alone will not make you wealthy. It never has. It never will. Wealth is created through strategy, identity, and a radically different way of seeing your life. Scott Galloway breaks this wide open with his insight that wealth is not what people see. Wealth is what you no longer have to worry about. It is passive income greater than your burn. It is the absence of economic stress so you can finally focus on the people and experiences that matter. Robin Sharma takes this conversation deeper by reminding us that wealth is not just financial capital but also your mindset, your habits, your spiritual clarity, and your emotional freedom. You cannot build an extraordinary life with a bargain basement identity. You must raise your standards, remove the distractions that dilute your greatness, and step into the person who can actually sustain the wealth you want to create. His wisdom is a reminder that your blessings expand only to the level of your self worth. And then you will hear from the incredible Vivian Tu, who brings a fresh and direct perspective on how real people can build financial momentum right now. Vivian has a special way of making money simple. She shows you how to take advantage of the systems that exist, how to invest consistently even when you feel behind, and how to stop letting fear dictate your financial future. Her approach proves that anyone can build real wealth when they stop guessing and start moving with a plan grounded in reality instead of hype. Each of these conversations points back to a single truth. Wealth in 2026 is not about saving more. It is about becoming someone new. It is about shifting the way you think, the way you earn, the way you build leverage, and the way you make decisions. I want you to walk away from this episode knowing that you have more control than you realize. You are not stuck. You are not behind. You simply need a new framework and a willingness to take the first imperfect step. Key Takeaways Why wealth is the absence of economic stress, not flashy spending How passive income greater than your burn creates real financial freedom Why saving alone will never build the life you want The mindset and identity upgrades that must come before financial upgrades How to use your natural strengths to become great in a high value lane Why consistency, strategy, and simplified investing outperform “trying to time it” The real reason most people feel stuck financially and how to break out of it in 2026 If you are ready to stop stressing about money and start building the kind of wealth that gives you peace, freedom, and choice, this episode will show you exactly where to begin. ⁠👉 SUBSCRIBE TO ED'S YOUTUBE CHANNEL NOW 👈⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ → → → CONNECT WITH ED MYLETT ON SOCIAL MEDIA: ← ← ← ➡️ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠INSTAGRAM⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ➡️⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠FACEBOOK⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ➡️ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LINKEDIN⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ➡️ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠X ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ➡️ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠WEBSITE⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Edmiler's show.
0:05.0	Hey everyone, welcome to my weekend special.
0:11.0	I hope you enjoy the show.
0:12.0	Be sure to follow the Edmyset show on Apple and Spotify.
0:15.0	Links are in the show notes.
0:17.0	You'll never miss an episode that way.
0:19.0	Here's our first guest.
0:20.0	All right, everybody, welcome back to the show. So the gentleman that's on the show today, I wanted to have him on for a long time. I've been a fan of his work. If you're old enough, you remember like the Dosec's guy, like the most interesting man in the world. I kind of consider my guest today that guy. Go on. It's true. Sharks have a week about me, Ed. I'm telling you, the reason is, is you can ask him
0:42.9	about almost any topic, whether it be money or current issues, the economy, social stuff,
0:49.4	emotions, you name it. He's just so well spoken on so many different things. He's a contrarian thinker to some
0:54.9	extent. He's also a very intense guy and he speaks his mind. I don't agree with him on every single thing he says, but I find myself nodding and cheering for a lot of the things that he talks about. Been very successful in business. Had some exits, had some stuff that hasn't worked out as well, but he's become very, very wealthy man,
1:11.3	young in his life as well, teaches at NYU. He's a professor of marketing there. But this guy is
1:16.3	the real deal and his brands exploded the last few years. So successful podcast as well,
1:21.9	that's probably enough. Let's get into the conversation. So Professor G, Scott Galloway, welcome to the show.
1:27.1	Thanks so much. And let me
1:28.0	just say that I'm really enjoying this podcast so far. So far, it's just working for me. And you're being, thanks for your generous comments. It's true, though. I mean it. And that's why, you know, I do a lot of intros. They're not always that long or that, that, that complimentary. So So you got a book out right now called The Algebra of Wealth.
1:44.4	He's had a bunch of different books that have crushed.
1:46.8	But I'm going to ask you about wealth. that complimentary. So you got a book out right now called The Algebra of Wealth. He's had a bunch of
1:45.1	different books that have crushed. But I'm going to ask you about wealth first because I think
1:49.4	you have a really interesting statement about what it is. What is wealth by definition for you?
1:54.8	Like the definition of wealth is what? Having an absence of economic stress so you can focus on your relationships.
2:03.1	Rich is the kind of the shit people see.
	...

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