Achieving Financial Success: Scott Galloway's Tips

[@oneillbilder]

One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $30k of my savings in stocks this year, and I hope I make profits.

[@Martina-Alan]

You are right. The best approach I feel is to diversify investments- by spreading investments across different asset classes like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.

[@DallisonScramosin]

That makes sense. I’ve been using a financial market expert for two years now and I own a six-figure diversified portfolio from investing in stocks. I want to diversify more this year, though.

[@SladeCirrincione]

Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.

[@DallisonScramosin]

There are many independent advisors to choose from. But I work with Vivian Jean Wilhelm and we've been working together for almost four years and she's fantastic. You could pursue her if she meets your requirements. I agree with her.

[@SladeCirrincione]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@ANDYPADOVA]

The greatest way to succeed financially is to make consistent investments. For a strong foundation, I think every investor should start with exchange-traded funds (ETFs), diversify across asset classes, and continue to make disciplined, regular investments to reduce risks and maximise growth.

[@ThePatrioticAmerican4L]

Given the current volatility of the stock market, I believe investors should concentrate on undervalued equities.

[@iamlaurenmoe]

In times of crisis, savvy investors know where and how to place their money to minimise risk and optimise profits. If you can't handle these market conditions, consult an experienced market strategist.

[@JosephMartin7226]

Until their own emotions burn them out, many people minimise the function of counsel. A few summers ago, following a protracted divorce, I needed a boost to keep my firm viable. I looked for licensed advisors and found someone with the highest qualifications. Despite inflation, she has helped me increase my reserve from $275K to $850K.

[@CHRISTIAN-MYERS]

This is absolutely significant! Do you suppose you could recommend any consultants or professionals I could speak with over the phone? I really need to allocate my portfolio properly.

[@JosephMartin7226]

My licensed advisor is Sharon Ann Meny. Simply look up the name. The information you need to work with a letter to schedule an appointment would be included.

[@EcomCarl]

It's refreshing to see Scott's honesty and vulnerability in discussing his personal journey and mistakes. 📚 His insights on economic responsibility and personal growth offer valuable lessons for all of us striving for success and happiness.

[@js27-a5t]

19:18 I love Scott Galloway, but it's important to call him out on this. The people who told me to "follow my passions" - my parents - were not rich. My dad was a high school teacher and my mom a photo editor. But this was the early 90s. I could see they were doing well on their salaries. I had no reason to think I couldn't. So I became a professional musician and now I'm a tenured professor of music at good university. The crucial issue here is that for young kids today, they do not have access to the opportunities I did, and it was even better for my parents. It is far riskier to 'follow your passions' today. So I don't blame Galloway for saying what he did, but it tars us all with one brush. The problem is that our society has gotten very skewed against anyone not working in finance. I would tell younger musicians to still follow their passions, but move to a place like Berlin, which has arts funding and is cheaper than the U.S.

[@shanghaiffgg]

Approx 5 years ago I had a good run in business and made a lot of money. I sold my company and cashed out with enough money to do whatever I want and never work again. I decided at that time to invest my time in the people I love, my wife, kids, mother and friends. Funny enough since I stopped working I don't really spend anything, I dont want anything really. I take care of my kids and wife especially but really all I want for myself is a phone, laptop and headphones. I spend approximately 5-10% of my passive income. Once I took what I can describe as a toxic addiction to work away I realized that all the things that make me happy are actually free. Scott's message around the 1:07:00 is 100% correct. I spend the first 45 years of my life to reach that exact conclusion.

[@SurpriseMeJT]

I've come to the same conclusion, even though I'm still working for now. The best thing money can buy is simply not to be chasing money anymore. Personal consumtion has only gone down significantly with time and it's all about time with family.

[@CameronFussner]

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol.

[@leojack9090]

Curently, investors should be cautious about their exposure and be wary of new buys, especially during inflation. Such high yields in this recession is only possible under the supervision of a professional or trusted advisor.

[@fadhshf]

This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?

[@hasede-lg9hj]

I stopped trying to predict market outcomes based on chart studying after 5 years of uncertainty. Not having a mentor caused me 5 years of pain. I learned to follow the market's direction and keep it simple with discipline.

[@LucasBenjamin-hv7sk]

@@hasede-lg9hj Impressive can you share more info?

[@hasede-lg9hj]

Finding financial advisors like Sharon Ann Meny who can help you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@dmiles8406]

Thank you for this interview. I actually saw a very short interview with Scott earlier on a comedy show. It didn’t come close to sharing what an amazing man Scott Galloway truly is. I wish he would run for office. He could guide and teach politicians and people in general. Honest and sincere. What an awesome 👏 man.

[@tonysilke]

The best approach to achieving financial. success is through steady investments, I believe every Investor should start with ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.

[@mikeroper353]

I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market

[@Nernst96]

Knowledgeable Investors know where and how to put money during a crisis in order to reduce risk and maximize returns. See a market strategist with experience if you are unable to manage these market conditions.

[@PatrickLloyd-]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K.

[@PhilipDunk]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.

[@PatrickLloyd-]

Sharon Ann Meny is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@GoMcGregorGo]

I love to hear Prof. Galloway speak! His candor and insights are so powerful to hear!

[@GeorgeKelvin975]

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Michelle Stewart.

[@DuncanLechner458]

Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.

[@HillaryNorman265]

She is my family's personal broker and also a personal broker in many families in United States, she's a licensed broker and a FINRA AGENT in United states

[@GregoryQuinlan305]

You trade with Michelle Stewart too? Wow that woman has been a blessing to me and my family.

[@LisaMoore22]

I'm new at this, please how can I reach her?

[@ScottHeyer293]

I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much

[@donnagutierrez5816]

The best advice for young people; appreciate his candor about his mistakes along the way too.

[@shiyolep]

Galloway is a fucking OG for disclosing the game in This way

[@GRumpyonekinobi]

Never heard of Scott or listened to him before now... im pleased the algo suggested this! love his honesty, loved this. Thank you 😊

[@Pack-ManT-B-Told]

I really appreciate this guy’s honesty and straightforwardness.

[@truthseeker3661]

The most important in life is health then having wealth enough to cover you living confortable . The rest should be learning , relationships, holidays etc

[@tahirisaid2693]

Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.

[@JOHAN_PERJUS]

9:48 I love Scott Galloway so much.

[@jerrycampbell-ut9yf]

I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024

[@Peterl4290]

Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.

[@larrypaul-cw9nk]

Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

[@sabastinenoah]

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@larrypaul-cw9nk]

Her name is “Annette Christine Conte” can't divulge much. Most likely, the internet should have her basic info, you can research if you like

[@sabastinenoah]

I just googled her and I'm really impressed with her credentials; I reached out to her since l need all the assistance l can get. I just scheduled a caII.

[@TheSuperTeacherStudent]

Thank you Scott for sharing those mistakes and regrets. It helps to know I'm not alone.

[@rudyflores7396]

Love how Scott Galloway gives straight good points of wealth. The reason behind taxes, money and happiness. 👍🤙

[@EthanBrown_23]

Getting shares may appear simple, but selecting the proper stock without a tested method can be challenging. I've been trying for a long to increase the size of my $210,000 portfolio, but the biggest obstacle is that I don't have a clear entrance and exit plan. Any input on this would be welcomed.

[@RobertBrown..]

Investing across asset classes will help you lower risk compared to placing all of your eggs in one basket. See a financial specialist if you don't have a lot of knowledge.

[@SarahTaylor_]

Several individuals minimize the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.

[@trazzpalmer3199]

That make a lot of sense; unlike us, you seem to have the market sorted out. Who's guiding you?

[@SarahTaylor_]

'Laurelyn Gross Pohlmeier' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@danieltaylor--65]

Upon finding her full name through an internet search, I discovered her page and promptly sent an email to arrange a meeting for a conversation; I am currently waiting to hear back from her.

[@lseh4720]

Wow. I was at UCLA in ‘84-88 and I was one of those kids like you. I even took the midnight shift at the front desk in the dorms, from 12 to 4 AM and 4 to 8 AM just so I could pay less in rent to the dorms, then I’d go to class.

[@Angelinacortez495]

These days, it seems strange. The value of the US dollar is declining due to inflation, but it is increasing when compared to other currencies and commodities like gold and real estate. Because they think it's safer, people are moving to the dollar. I'm concerned that my retirement funds may lose value due to the growing cost of living.

[@JenniferDavis7630]

Avoid hasty decisions based on short-term swings. Prioritize patience and a long-term perspective, and most importantly, seek financial advice to make educated purchasing and selling decisions.

[@debbygradley25]

Several individuals minimize the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $235k to $690k despite inflation.

[@donaldwayne7023]

Please who’s this consultant ?

[@debbygradley25]

Actually its a Lady. Yes my go to person is a ‘LAURELYN GROSS POHLMEIER '. So easy and compassionate Lady. You should take a look at her work.

[@danieltaylor--65]

She appears to be well-educated and well-read. I ran an onlline search on her name and came across her webslte; thank you for sharing. I sccheduled a caII.

[@benjaminsmith3469]

I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.

[@ashleybarlowe-q8k]

Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert

[@margie-b2v]

True, A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k

[@alicegomez7232]

That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with please?

[@margie-b2v]

Monica Shawn Marti has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.

[@alicegomez7232]

Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

[@seanmichaelsimon]

Damn Galloway! On point the whole way through... True wisdom.

[@nitetrainjames]

A genuine heartfelt and personally revealing interview.

[@Pat_laura22]

The government's crisis response played a pivotal role in alleviating market concerns. Both the U.S. and other nations' economies were affected by a lack of transparency and diminished public trust. This leads me to question the moral appropriateness-and even the safety of relying solely on analyses from these purported experts. I sincerely hope we can avoid a recurrence considering the direction we're headed.

[@Alex_will12]

Your Way of Life, I agree with your points. Institutional education and skilled management are vital in the vast and dynamic markets. From my experiences, I've learned the importance of timing, capital management, and entry points. Following Iynne Marie Stella guidance, I've achieved a $122k portfolio with a 15% monthly ROI in under a year, emphasizing the value of basic knowledge and delegation.

[@Daniel_12_3]

Can you kindly provide me with more information of your investment advisor as I am currently in desperate need of one?

[@claramarie8541]

She looks to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@peterjohn5834]

Just superb. This bloke is a Legend and I just found him by accident. He deserves his title of Professor. Thank you as a Boomer this is the reality but our politics have prostituted every environmental and economic rule to feed our own egos.

[@sorenjunkers3834]

he overvalues his personal efforts and discounts the insane amount of luck to be alive during the greatest times for investing in the markets among other things where he lucked out. he could be a bit more honest about that. anyway nobody will get rich by buying index fonds nowadays.

[@Vivienedouglass]

[@Jamesjerome0]

...Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money.,,,,, I know someone who made over $350k in this recession influenced market, but to the best of my knowledge, it was through a financial advisor.

[@victoriaabott]

A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k....

[@donovantobs]

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one....

[@victoriaabott]

SUNITA SUZANNE BYG is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment. ;;;

[@donovantobs]

Wow, her track record looks really good from what I found online.i just messaged her, let's see how it goes..... Thanks for the info..

[@m4ni5h]

34:45 , 1:00:10, 1:05:35, 1:09:56, 1:18:00

[@DrJYuan]

You can see me there in the front row center!! This was amazing to see. Scott is still on-brand off-camera.

[@paulreynolds2569]

Thanks for mentioning Ikigai. I was thinking of the concept of it during the early part of the video and had forgotten the word until it was mentioned.

[@Dwayne-765t]

Net worth truly snowballs after $100k! Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!

[@Scottlong267]

My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to make investments. Saving is great but investing puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to my FA, my portolio is doing really great and im proud of the decisions i made last year.

[@LemonTwistSmiles]

I've been considering but haven't been proactive. Can you recommend your advisor? Could really use some assistance.

[@mistertexaz]

Scam

[@jonasking3670]

@@mistertexazseriously. I hate these new bots. I report them as soon as I see them, but there’s always more.

[@mistertexaz]

@@jonasking3670 exactly they are everywhere

[@annalpha1]

The more I listen to this man the more I like him. His knowledge is remarkable and his honesty disarming. We definitely need more people like him but I still wanna call him out on his iPhone comment! iPhones are soooo overrated!

[@SarahTaylor_]

Considering how volatile the stock market is right now, I think investors should focus on cheap stocks. Of my $270k portfolio, 35% consists of formerly well-regarded stocks that are currently experiencing a sharp decrease. I have no idea how to escape this awful circumstance.

[@RobertBrown..]

I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience.

[@AshlelThomas]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@TR-lh9yz]

The average person walking down the street is 100% unequipped to know how to pick individual stocks.

[@TR-lh9yz]

Also, the stock market volatility is ultra low now. Historically low.

[@baffinsansterre]

Holy moly, volatile! VIX is at 13.

[@gagnepaingilly]

I began working at 18, strived and grew my portfolio to 600k by 33. Recently, lost over 30% and want to mitigate risks. Also, planning to buy a home soon and want my portfolio to grow to a 7-figure ball park so i can retire in 9 years. What should I do?

[@sommersalt88]

IMO, Adding JEPI and JEPQ is smart for retirement. As for staying committed to low-risk investments, it's all about balancing your risk tolerance with your long-term goals.

[@84gaynor]

De-risk your portfolio, shore up your core holdings, and take some profits while balancing your portfolio allocations. I’d also suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I. We've made over 80% capital growth minus dividends..

[@velayuthman]

@84gaynor I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

[@84gaynor]

*Jennifer Leigh Hickman* is the licensed advisor I use. Just search the name. You’d find her webpage and necessary details to work with to set up an appointment.

[@blaquopaque]

Thank you for sharing, I must say, Jennifer appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call.

[@stephenboyington630]

Suck up to rich people, and they will help you become rich. What a motto. I can see why he loves the Saudis so much.

[@lissadalmau9676]

He's 100% correct

[@RickWatson-xu6gw]

My strategy has always been to invest 25% of my income in the stock market at the beginning of each month. The second part of my strategy is not to sell for at least 5 years, but recently my portfolio has suffered major decline about $150k in losses. What can I do please?

[@Debbie.Burton]

Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. which may reduce your dividend gains or income, speaking to a certified market strategist can help with pointers

[@benitabussell5053]

Agreed. It's always wise to be proactive and consider diversifying our investments to manage risks in uncertain economic times. I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments

[@A_francis]

my partner’s been considering going the same route, could you share more info please on the advisor that guided you to such impressive gains

[@benitabussell5053]

*Sharon Lynne Hart* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@judynewsom1902]

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

[@Muriel-1112]

What a greay channel. this inflation is killing me! Groceries are getting so expensive, and I swear gas prices go up every time I blink.

[@Churchillhump2268]

Tell me about it. I'm worried sick about a recession. I don't want to lose my job, and I definitely can't afford for my investments to tank.

[@Sanchyfab]

Yeah, the market's been crazy lately. I feel like I can't invest in anything without it dropping the next day.

[@Kseniaramesh]

Have you guys thought about talking to a certified financial planner? They could help you figure out how to invest for your goals in this climate.

[@camela8445Mar]

A CFP, huh? That's not a bad idea. I wouldn't know where to start on my own.

[@Kseniaramesh]

I actually have a friend who swears by his advisor, Aaron Morgan Bell. He says Aaron helped him weather all sorts of storms in the market.

[@KCJaguar8-6]

"The key to happiness is to be rich but anonymous" 🔥🔥🔥

[@shobley]

Would be interested in what his amazing things are @ 30:26. I've bought everything I could ever possibly need. Currently out of ideas, that aren't just derivative of something already done.

[@DonaldMark-ne7se]

Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.

[@kevinmarten]

I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value

[@Jamessmith-12]

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

[@JacquelinePerrira]

please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

[@Jamessmith-12]

'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

[@JacquelinePerrira]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@warrenwright9532]

I love Scott's approach to living. It just makes so much sense.

[@BodyByBenSLC]

29:00 truth. I agree on distribution of wealth and tax code etc etc. But the other side of that coin is personal responsibility. I work in property management mostly affordable housing and 24-7-365 ubereats and doordash in and out. No one should be using those apps. Rent-to-own is another one, it's insanity.

[@lissadalmau9676]

Rent to own, door dash, playing the lottery, those are thing poor people do wanting to look rich or hoping to get rich.

[@dschubie]

BITCOIN

[@ERIKAESPINALchatbox1]

You are right! I've diversified my portfolio across various markets with the aid of a financial adviser, I have been able to generate a little bit above $450k in net profit across high dividend yield stocks, ETF and bonds.

[@ChelseaHandler-ip4ku]

Thank you for the tip. It was easy to find your coach. I did my due diligence before scheduling a phone call with him, and he seems highly proficient based on his résumé...

[@shanghaiffgg]

loved the part at 24:00 where Scott stopped to be corrected by the man in the audience and then deflected to him to explain it. great stuff.

[@Thelastetherborn]

This reminds me of the old money man infomercials where the dude was wearing glasses and a crazy suit. Just more of the “wealth for me but, not for thee” results. “If YoU jUsT fOlLoW tHe sYsTeM iT wILl WoRk.” Every infomercial before you broke that record, my boomer dude. And you know it. Quit playing it and put it back on the shelf

[@barbararowlett6828]

How is this man not president?! I've never heard anybody outside of Bernie say these things. Thank you!

[@maxwelllittle3562]

Loved this!

[@Rens1997]

The younger you are the more risk you can take in terms of stocks because you have a long time horizon. So in the early days you could look into a more tech oriented ETF(usually has higher risk, but also higher reward than a standard all world ETF). The older you get the more defensive you can get. In the end you could invest it in a high quality dividend ETF. You will get dividends that you can use as retirement or to supplement your pension depending on how much capital you have built up and cost of living. That's my strategy. I'm now 26 have been invested since I was 19, so far so good. In my (short)experience I can confirm that it really is about self discipline and patience.

[@binghamescape2383]

Scott, you have a great sense of humor, and if you ever want to give money to a stranger, I'm more than happy to collect. 😊

[@drachenmarke]

He’s a limousine liberal, tells everyone to lock down during the pandy, while he flys to Los Cabos

[@kingghidorah4191]

These talks are great, really humanizes the speaker Never gave a F about this guy He’s a real person now, not just a talking head on KZbin

[@r.s6399]

TL;DR summary of the best way to get rich, as Scott says many times, is to donate 80% of your money to the government. Not to non-profit, not to foundations, not investment or creating companies. Give it directly to the government. Both Scott and the government know very well this is the best way for them to enrich themselves at your expense. Be brave and generous.

[@RustyDice]

The two wealthy talking guys on stage by the "No Entry" signs - hopefully not prophetic. Great talk!

[@paulreynolds2569]

👍: "Being rich is more of a function of what you spend as opposed to what you make", "you want to live longer, keep working", "gamify your spending". It did the latter all the time in the 90's, when I was saving and investing half of my income. Really paid off..

[@mikev751]

I call bs on the fake morality and fake ethics. But very much appreciate Scott's process.

[@maxe.1204]

So much true in regards to Tech, spot on.

[@MRDKastel]

An Android Samsung is equally expensive, and infinitely better than an iPhone.

[@jafrasar1]

The S24 is more expensive than an iPhone 15 Pro-but worth it.

[@TalkingDonkeyz]

Only if you use no other Apple products. Apple’s advantage is that they have best in class product across the board and the value compounds as you lock in to the eco system.

[@TrendyStone]

Nope. It’s about the ecosystem. Android users ruin any group chat. It’s obnoxious. I can’t even text them a pdf. We hate it when one an android user with their stupid Samsung screws up our group chat. Just stay out.

[@TheScottWhyte]

Scott awesome!! great interview (small correction: SAG health requires you make $26,470, not $23,000... not much different, but wanted to give accurate info on that.)

[@surfnbacker84]

Great listen overall. My only gripe is people like Scott always give the advice of do what I say, not what I do. Zero chance he would have made $100m+ investing only in index funds.

[@brycepalmer4942]

Exactly. He’s a fraud.

[@esqu1re]

100% He is an outlier though. His point is that most people are not going to be outliers like him. For most people, index funds almost guarantee a decent return over time, whereas only the lucky or truly amazing will be like him.

[@TrendyStone]

You confused MAKING wealth by taking lots of risk when you are young and can afford resets and losses with KEEPING wealth when you are older. He covers all this in his book.

[@jkfy5995]

@@TrendyStonewhich book?

[@comets4sale]

@@esqu1re Fair take.

[@andreamachacova4352]

I agree with most things in this interview but let’s not forget that the seniors have paid inn for 40-50 years into that social security and if the government let those people invest it themselves they would be rewarded with a lot more than what they are receiving from SS today. It’s their money, it’s not charity.

[@Virtual-realityISold]

One of a kind

[@PaulSyng]

Scott: Nobody needs that much money. They should pay more taxes. Also Scott: I have more than a $100 million. I’m not paying more tax. #delulu 😂

[@SurpriseMeJT]

Yep. I listen to Scott for entertainment purposes because I'm sure he did some crooked stuff to have money to invest and make himself rich. The devil is in the details.

[@Make-A-Mil]

"If you don't think we're fucking the poor" LOL wtf man he just tells it straight like it is, love this guy

[@timcareynow]

that word was ikigai. do an image search on that.

[@ThrowBackZone]

Who else thinks Scott's candor about his failures makes him even more credible? 🤔

[@rohanrodrigues1400]

Nvidia seems to be have similarities with CISCO. It is infrastructure too and CISCO was much bigger.

[@attitune]

Interesting how he bashes senior citizens for collecting the relatively modest social security that was taken out of every paycheck during their working life, while he enjoys being super wealthy and talks about how he can spend frivolously on himself as long as his wealth never drops below $100 million.

[@Briancrobinsonspeaks]

Wow!! Loved the first question and Scott’s honesty!

[@NextBigIdeaClub]

Glad you enjoyed it!

[@lukefisherDD]

As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.

[@JanAlston-kd6yl]

That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this coach?

[@MiaDavis001]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@La_sagne]

its never the best and never the worst time.. nobody knows anything more than that.. so do it! if you want to make it (statistically a little worse but) easier to handle mentally, you put all the money into a hysa or bonds and then take from there and invest 1 -2 % of it (5500 - 11000) a month into stocks to get the so called "dollar cost averaging effect"

[@herpaderppa3297]

@@KevinEvans-mq4ob interesting, I'm in a similar situation. Do you have so me examples what the advice was? Like fire half your employees or sell the whole company or was the advice more subtle like invest in marketing etc.?

[@yetivanmarshall1473]

Stagger in short term tbills until the market corrects

[@elmarwolters2751]

What a sick show .....

[@CrabbyE8]

The moderator totally missed the point when he spoke of his Dad being a corporate attorney; go back and LISTEN to what Scott said. I’m sure corporate attorneys do fine and can get satisfaction from their “passionate “ weekend hobbies

[@gilmayer1]

Mich respect and love for Galloway 🤝🙏💙🤍✡️

[@BodyByBenSLC]

Scott right at beginning points out why men earn more. A man feels guilty staying at home get up and go's earn. A woman will feel guilty if she is not home with the child.

[@williamphillips-b2n]

Wow! This dude is as down to earth as salt. Huh? Very interesting

[@entrepreneurk4963]

There are no industries in the US with the employment rate higher than 90%, not clear to what formula he refers.

[@MaxMontauk]

Great interview. Learned a lot about myself. Thanks.

[@bananasforbikes]

Inlike this guys message but this speech is literally identical to three other interviews he did elsewhere

[@Ataios]

I like a lot of the stuff he talks about. I just don't see how he can't see the dissonance between this idea of how to manage your money and diversifying, and how he managed his time and work. He poured all into work and it. paid off, and now he can spend a lot of time with his kids, it was a wild bet if he didn't have had financial success, he wouldn't have money and he would have crappy relationships

[@theresa6465]

I’m sure a narcissist like him has the best relationships that money can buy.😂

[@TrendyStone]

Dissonance? He talks openly about going “all in” when you are young (education + a big city w/ energy) and then keeping it through diversification when you are older. Did you read the book?

[@Ataios]

@@TrendyStone Yes, dissonance in the strategy he suggests for money (diversification) and time (all-in). How you treat money, time and love are equivalents, I do see a dissonance between how he suggests investing money and how he suggests investing love, which psychologically is equal. In fact, the advice of going all in is the same as he did with his money when he was young, and it didn't pay off. I think he got lucky with the all-in strategy in terms of work over kids because work paid off, but for most people, work doesn't pay off, and over-investing there to the detriment of your loved ones, is a risky gamble. Haven't read the book, I might, I heard a couple of his interviews and I think I got some good ideas out of him already.

[@Ataios]

@@TrendyStone Plus, he doesn't say you should that. He says that if you want to be a millionaire like him, you should do that. Big IF. Millionaire land is extremistan territory.

[@ZSYD2012]

Respect 🙏

[@drachenmarke]

Scott made money selling hack books and pushing DEI on corpos … talk bout it Scott.

[@MelbourneShorts11]

Jesus christ that was a blink. so so trued. im 47 this year and my 30 were like....what? where did that go? then my first 6 years into my forties.....where the f did that go.....

[@philmaturanodrums]

This dude is off his rocker. Why anyone listens to this is beyond me LOL. Ohhh I know why! Because he says he is rich. Appealing to greed is a great formula for deceivers.

[@stevewhite791]

Great talk. Have your kids watch this. I've heard the iPhone thing a few times. I don't think it's exactly right but it's the right idea. ROTH, 401K pay yourself first, invest 10%-20% of your income every month and you can live whatever life you choose. Successful or unsuccessful there is a beautiful financial rainbow at retirement. It's so simple really. Self love.

[@tylercampbell6058]

That comment about taking away social security for people with a lot of assets is exactly the reason I think I’ll stop working so hard now in my mid-40s and stop investing so much of my paycheck. Time for my wife and I to upgrade our old cracked iPhone 8s and Honda Civics with faded paint. Time to replace the carpet in the house that has holes in it. Time to go on some more vacations. We have done well with saving and investing up to this point by being very frugal. We should be setup for retirement if the market doesn’t crash like it’s 1929. What’s the point in getting a little further ahead though if the jealous people who have been living high on the hog the whole time are just going to try to take it away. People say “it doesn’t work like that” but that’s my line of thinking about it at least. Time for someone else to put in the hard work and overtime I have been putting in.

[@becnal]

29:50 Well said!

[@RobWilliams007]

I like Scott’s advice and work ethic and understanding of being compassionate, etc., but he must be a pastor of atheism because he makes such a big deal about it. It always amazes me that the smartest people can’t see how complex the universe is and just think it all came about through happenstance. Hey, free country, believe what you want. Like I said, he has some excellent advice.

[@gothboschincarnate3931]

The only to get rich is to be born rich

[@MegaAshfire]

How’s it most people made money from insane concentratedbets? And not diversified portfolios.

[@Make-A-Mil]

7:30 yeah, it's a shame. the PE valuations are super high right now. SP500 is at 27.5, that's crazy... market is due for a 50% correction at some point, you'd think... with normal PEs being 15/16, we are wayyyyy overdue for a reversion to the mean

[@marthacolvin6834]

To whom much is given much is expected.

[@jrit88]

what does the phrase "my son had the poor judgment of coming out of my girlfriend" mean?

[@comandinn505]

The interviewer (who is a successful KZbinr) contradicts Scott regarding following his passion. He’s that successful guy who is gaslighting all the regular joes SG is speaking to.

[@Chris-hr3fc]

Sharing this with every kid I know! Excellent advice.

[@iris_fink]

love that you enjoy your money and give away so much! proud you are a jew❤

[@KnightsOffical]

Bravo Scott ! 🎉

[@spm5a]

I'm a millionaire and i prefer android

[@oferzeira8125]

Excellent rewarding conversation.

[@cartrefproperties]

Google phone is so better than I phone

[@rayray52577]

100 million? Why does anyone need more than 20 million? Or even 10? 4% of 20 million is 800k and there is no single person in the world that can’t live an insane life spending $800k a year. This guy is a little out of touch. He’s great in his ideas and approach to things in general, but he’s out of touch in terms of what’s needed for personal wealth and the need to be happy/secure.

[@patienceisalpha]

100M doesn't mean you're 100M liquid. Often not.

[@rayray52577]

@@patienceisalpha sure, but if you’re not earning income off the majority of your assets (whether it’s rental income, dividends, royalties, or business income), then you’re doing something wrong. Even if $50M -75M is tied up in business assets, the income from that should still be in the millions. Illiquid doesn’t necessarily mean it’s not income producing. If it does, then it’s time to consider leveraging or selling.

[@patienceisalpha]

@@rayray52577 VC funds typically don't provide income until an exit. Scott is heavily geared towards privates

[@user-zb6lg1xj3k]

That’s his number, I didn’t interpret it as him saying that should be other ppl’s number 🤷

[@anilhebbar6506]

Absolutely. There has to be a line between need and greed.