Scott Galloway - “The Algebra of Wealth” | The Daily Show

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The Daily Show

The Daily Show

Күн бұрын

NYU Professor, entrepreneur, podcast host, and bestselling author Scott Galloway talks to Ronny Chieng about his latest book, “The Algebra of Wealth.” He touches on tips for young people wishing to build a nest egg for themselves, but also points to a larger system run by senior politicians that repeatedly funnels wealth toward boomers at the expense of younger generations. He stresses the importance of electing officials who represent the average age of the electorate and can actually relate to the issues faced by today’s young middle class. #DailyShow #RonnyChieng #RNC
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Пікірлер: 938
@calvinl2149
@calvinl2149 Ай бұрын
Props to Ronny for keeping this serious information still fun to listen through.
@louisvalentino6685
@louisvalentino6685 Ай бұрын
That’s what makes the daily show so great
@Axeom
@Axeom Ай бұрын
I know Galloway well and I'm pretty sure he was miserable throughout this interview lol. He was betting on Jon being there and didn't get the slot is my guess. Not to say I don't love Ronny.
@kmk2525
@kmk2525 Ай бұрын
Props? He’s beyond annoying and this conversation was clearly over his head. This guy is simply awful at this, not to mention entirely unfunny
@GarrettMunro
@GarrettMunro Ай бұрын
@@kmk2525 yeah really wasn't the best interview, Galloway kept getting cutoff and Ronny had a card time following
@lootnscoot50
@lootnscoot50 Ай бұрын
I love this guy. Mad respect for Prof G. Been following him for years, when he speaks, we really need to listen.
@super8mate
@super8mate Ай бұрын
Agree but this is worst interview I’ve seen of his. I’ve watched dozens. Something was off. I love Ronny too but bad interview this one.
@justinrill2483
@justinrill2483 Ай бұрын
@@super8mate didn't really work as comedy, because the reality is so depressing. they both tried their best to make it work though
@eugenebrumley
@eugenebrumley Ай бұрын
This is the most refreshing political discussion I've heard in many years.
@debbeleigh1930
@debbeleigh1930 Ай бұрын
That was a interesting interview! Non-wealthy Boomer here! I lived paycheck to paycheck most of my life working 2-3 jobs. I ended up working for a large very profitable infrastructure company for 13 years (accounts payable admin) starting at $17 an hour. Only just a few years ago was I able to save for retirement. Each year I got a 3% cost of living increase which I was thankful for. In January I got fired because I made to much money! Corporations only care about profits!
@sophieoshaughnessy9469
@sophieoshaughnessy9469 Ай бұрын
I know Galloway does a disservice with these sweeping generalizations.
@debbeleigh1930
@debbeleigh1930 Ай бұрын
@@sophieoshaughnessy9469 and TDS brings him on to promote his book!
@eddyr1041
@eddyr1041 Ай бұрын
Must have own company or career
@debbeleigh1930
@debbeleigh1930 Ай бұрын
@@eddyr1041 I agree 💯%!
@piccalillipit9211
@piccalillipit9211 Ай бұрын
My friend just got fired after 36 years with a company - he was IT manager, the entire team was fired the same day. She was on vacation and got an SMS. THIRTY SIX YEARS...!!!
@HeadCannonPrime
@HeadCannonPrime Ай бұрын
"Old people have figured out they can just vote themselves more money!" This is literally it right here.
@williestyle35
@williestyle35 Ай бұрын
And the boomers sure did. Then doubled down and "borrowed" against that extra money they gave themselves.
@marquisgrissom9129
@marquisgrissom9129 Ай бұрын
Thats the "man" right there vut yall wouldn't listen why, beacuse your patents and relatives taught you fear of the next person through foxy news
@iankellymorris
@iankellymorris Ай бұрын
​@@marquisgrissom9129you okay?
@doctorf7501
@doctorf7501 Ай бұрын
Absolutely right
@williestyle35
@williestyle35 Ай бұрын
@@HeadCannonPrime as I had commented previously - the boomers not only voted themselves more money - they promptly borrowed against that money and billed us.
@richardblock2458
@richardblock2458 Ай бұрын
Scott is one of the NYU public intellectuals, along with Jonathan Haidt. Great, unafraid brilliance.
@sergehychko3659
@sergehychko3659 Ай бұрын
"the golden girls and the walking dead", almost made me choke.
@lornafw
@lornafw Ай бұрын
😂😂😂
@ethangender
@ethangender Ай бұрын
im still laughing my walking golding dead girls off!
@vincentseidle954
@vincentseidle954 Ай бұрын
i like this guy. i watched a lot of his youtube videos a few years ago. always have to listen to what he says!
@stevechance150
@stevechance150 Ай бұрын
He has a weekly show uploaded to KZbin called "The Prof G Show". You should check it out.
@stevechance150
@stevechance150 Ай бұрын
He has a weekly show uploaded here called "The Prof G Show" with his ward Ed Elson. I look forward to it every week. Scott's advice is changing my life.
@makaheng
@makaheng Ай бұрын
Young ppl, go vote ! Vote yourself into your own better future !
@emmanuel0030
@emmanuel0030 Ай бұрын
For who?
@nurseliz-561
@nurseliz-561 Ай бұрын
@@emmanuel0030Id say the guy who actually has a plan to invest in the middle class by taxing the wealthy and corporations so they pay their fair share.
@wyomii
@wyomii Ай бұрын
​@@nurseliz-561Cornel West then, got it.😉
@nurseliz-561
@nurseliz-561 Ай бұрын
@@wyomiinot familiar with them, but in a quick review of their website I’d say their platform is sound, but do they have the polling and/or backing required to win over roughly half the population? Idk
@wyomii
@wyomii Ай бұрын
@@nurseliz-561 Getting to 5% of the popular vote gets a party access to public campaign funds. Think of where the green party could go with that. That's more of their goal right now, but they usually only get 2-3%. A little more for libertarians.
@cherray50
@cherray50 Ай бұрын
"Entitled to be enraged." THANK YOU
@Jackolantirn
@Jackolantirn Ай бұрын
Being emotionally invested in an issue is important. ... The next step is actually doing something about it. A lot of people get upset, but fewer people actually go out and try to implement change. Especially now, with social media, which we can use as an emotional outlet as an alternative to investing effort into changing our lifestyles and habits.
@quineloe
@quineloe Ай бұрын
@@Jackolantirn but what can you do about it in a bipartisan system where both the major parties together hold 100% of the power - literally 100% of it - and they both vote themselves more money, as Scott says it so well.
@cherray50
@cherray50 Ай бұрын
@@Jackolantirn Totally agree
@JRock4572001
@JRock4572001 Ай бұрын
I have always said that if young people, by which I mean anyone under 30, voted in the same numbers as the boomers, this would be an entirely different country.
@mr.johnchimpo
@mr.johnchimpo Ай бұрын
Problem is, younger people don't have the same numbers as Boomers and half of Boomers haven't worked in 50 years. They literally sit around and wait for election days
@scarletryane8842
@scarletryane8842 Ай бұрын
But if they listen to Prof G and Bernie they will be misdirected away from the real problem though. Like they did voting out people who did real work in Congress and ushered in younger people who so far have not accomplished anything. Prof G and Bernie are always protecting their interests and the corporations that pay them when they speak so no one really learns anything.
@macole4958
@macole4958 Ай бұрын
true
@elainehewitt6813
@elainehewitt6813 Ай бұрын
I'm a liberal, always have been and I'm 74. Thanks for the generalization.
@Jkub101
@Jkub101 Ай бұрын
how so?
@radiumtheatre
@radiumtheatre Ай бұрын
<a href="#" class="seekto" data-time="234">3:54</a> "Besides being civically engaged and caring about the world, what can a young person do to make money?". Ronny's a genius
@WanderingExistence
@WanderingExistence Ай бұрын
He's a terrible interviewer.
@radiumtheatre
@radiumtheatre Ай бұрын
@@WanderingExistence couldn't disagree more. He's doing a character, like Colbert used to, where you make the questions jokes to keep the interview engaging
@WanderingExistence
@WanderingExistence Ай бұрын
@@radiumtheatre Ok, maybe the problem is that I'm already engaged into the intellectual capacity of the guest and don't need to be distracted with cheap humor- because that what it was due to making Scott lose his flow right as he was getting into the meaty parts.
@radiumtheatre
@radiumtheatre Ай бұрын
@@WanderingExistence there's a really boring, non antagonistic version of that interview. If you watch it, Ronny very adeptly moves through the main points of the book, whilst coming across as somebody who hasn't read it and doesn't care. Which is the majority of the audience
@jamesgillespie5057
@jamesgillespie5057 Ай бұрын
Learn a trade
@glennwhitney1494
@glennwhitney1494 Ай бұрын
An excellent appearance by Prof Galloway - one of his best. Clear, concise, compelling. And a touch of humor. Nice!
@tatianak.-p.554
@tatianak.-p.554 Ай бұрын
For some reason he really didn't like it (said so on his Pivot podcast with Kara Swisher), but I think it was great, too!
@scarletryane8842
@scarletryane8842 Ай бұрын
Yes, Scott's compelling message on behalf of corporations (his clients) who are hoarding billions paid to them by the American consumer and keeping it from reentering the economy by paying wages that barely allow their employees to cover basic expenses. But sure - blame government policy. Given his client list, too much of a conflict of interest for him to tell the truth.
@benlockspeiser2112
@benlockspeiser2112 Ай бұрын
Scott Galloway's podcast the prof g show may be one the best out there right now
@williamhornabrook8081
@williamhornabrook8081 Ай бұрын
Ronny does a great job hosting the show!
@Washougalite1
@Washougalite1 Ай бұрын
My loan for my daughter's education was forgiven. Thank you so much Biden. I honestly couldn't afford it. My daughter's other loans were forgiven the week before. 😊
@DebNKY
@DebNKY Ай бұрын
Congratulations! ❤
@KK-pm7ud
@KK-pm7ud Ай бұрын
​@@DebNKYTheir comment was sarcasm.
@robbwhite13
@robbwhite13 Ай бұрын
finally some are getting relief. the student loan debt system was a scam, a grift like all the other trickle down nonsense.
@loverofsong9830
@loverofsong9830 Ай бұрын
@@KK-pm7ud It’s not sarcasm. On May 21.2024 THE U.S. Department of Education released this news: “Today's announcement brings the total loan forgiveness approved by the Biden-Harris Administration to $167 billion for 4.75 million Americans. Thanks to this Administration's efforts more than one out of every 10 federal student loan borrowers has now been approved for some debt relief.”
@independent-ts6ys
@independent-ts6ys Ай бұрын
My daughters was too. She has an autistic son and was unable to work because she has him. ❤❤. Now she has a little money re money and her depression is clearing up slowly. 🙏👍✅
@Pangaea83
@Pangaea83 Ай бұрын
Fantastic! I did an AmeriCorps ViSTa program on a native charter reservation school and I learned so much! I think it’s a fantastic idea for national service. I lived a new city, learned to live frugally, made new friends including an invitation to a sweat lodge, learned some Native Puget Sound language and got a scholarship for completing that year of service. More than anything, We need to start caring about one another again.
@user-sb6po3yj7d
@user-sb6po3yj7d Ай бұрын
I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?
@LarsBergstrom-uh2eu
@LarsBergstrom-uh2eu Ай бұрын
keep contributing! I'd suggest you consider financial advisory at this point in time, remember you are in for the long haul
@LivaHolst
@LivaHolst Ай бұрын
I'm in line with having an advisor oversee my day-to-day investing cos, my job doesn't permit me the time to analyze stocks myself. Thankfully, my portfolio has tripled in barely one year and half, summing up nearly $1m after subsequent investments to date.
@Alejandracamacho357
@Alejandracamacho357 Ай бұрын
This is superb! I appreciate the implementation of ideas and strategies that result to immeasurable progress. This now leads me to the search for a reputable advisor, mind sharing info of this person guiding you please?
@LivaHolst
@LivaHolst Ай бұрын
She's ‘Kathleen Cheryl Constantz’ I suggest you look her up online. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did
@Alejandracamacho357
@Alejandracamacho357 Ай бұрын
Thank you for putting this out, it has rekindled the fire in my goal. Was able to find Kathleen on the web and sent an email hoping it gets attended to.
@Lazarus1095
@Lazarus1095 Ай бұрын
I think it's nice that he shows a degree of awareness of what people are facing these days, but the idea of saving money for the future is, frankly, a pipe dream for most of today's young people.
@lorenarodr6794
@lorenarodr6794 Ай бұрын
Bet you some of those with the pipe dream of saving money have money for luxuries like iPhones and game consoles. Not to mention nice clothing a new cars. Have you seen the price at Sephora? No cover girl for them.
@muay_khao
@muay_khao Ай бұрын
You can absolutely save and invest 10% of your income.
@bcx1138
@bcx1138 Ай бұрын
👆what OP said 👆
@aorihanazari524
@aorihanazari524 Ай бұрын
@@lorenarodr6794 Oh no, the horror...trying to actually enjoy life and have some reprieve from a fudged up world? Not having an iphone or game console or an occasional nice dress or a car you enjoy isn't what is keeping someone poor. Considering also how fast our climate is changing--maybe most of us won't get to his age, might as well YOLO.
@Lazarus1095
@Lazarus1095 Ай бұрын
@@muay_khao Not if your income doesn't even pay your rent.
@harry8201
@harry8201 Ай бұрын
Thanks Ronny for enlightening us
@user-hq4yi4uo5i
@user-hq4yi4uo5i Ай бұрын
@harry8201 Thanks *Scott
@scarletryane8842
@scarletryane8842 Ай бұрын
@@user-hq4yi4uo5i Neither Ronny nor Professor Galloway did anything here to enlighten anyone. Jon would have brought up that corporations paid Boomers enough to live on when they got out of school, not like today.
@KazKcatta
@KazKcatta Ай бұрын
It would be super interesting to have Scott and Jon talk.
@ThinkGenius
@ThinkGenius Ай бұрын
Same
@marcusgruber4085
@marcusgruber4085 Ай бұрын
yeah, or Klepper
@nickwallette6201
@nickwallette6201 Ай бұрын
Definitely. This guy (host) is funny in small doses, but his "angry ADHD" style is a bit much for me. Jon would've set up a game of verbal chess with Mr. G, and that would have been fascinating to watch.
@Colleen-pr3qh
@Colleen-pr3qh Ай бұрын
@@nickwallette6201i like Ronny’s style because remember the demo is young people they want to hear things in plain English not verbal chess etc
@Q5992vvr
@Q5992vvr Ай бұрын
Comparison is the thief of joy. I'm glad the interview was kept light and easygoing due to it being on a boring topic - finance.
@stanleyzac1648
@stanleyzac1648 Ай бұрын
It is very easy to buy in on trending stocks but the problem is knowing when to sell or hold, which is why a coach is important. I've been in touch with one for about a year now and although I was initially skeptical about it, I will say I've made more progress within a year generating 6figure profit..
@Jakekhalid32
@Jakekhalid32 Ай бұрын
I believe the safest approach is to diversify investments especially under professional; guide. You can mitigate the effects of a market meltdown by diversifying their investments across different asset classes such as stocks, ETF's etc It is important to seek the advice of an expert...
@stanleyzac1648
@stanleyzac1648 Ай бұрын
That makes sense. Unlike us, you seem to have the market figured out. Who’s your fiduciary?
@Jakekhalid32
@Jakekhalid32 Ай бұрын
Dustin Dwain King 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..
@WiolciaMrozowska531
@WiolciaMrozowska531 Ай бұрын
Dustin Dwain King's approach is crucial for succeeding in online commerce. His management group has been exceptionally effective
@stanleyzac1648
@stanleyzac1648 Ай бұрын
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.
@daniellarusso8012
@daniellarusso8012 Ай бұрын
Properly quantified domestic socioeconomic data is always so enlightening. :)
@pjlevine7010
@pjlevine7010 28 күн бұрын
YES. Mandatory service requirement for young people would be a HUGE character boost for the entire country.
@joshuawatson1604
@joshuawatson1604 Ай бұрын
Love Prof G, great to see him getting more recognition for his work!
@j72ashley
@j72ashley Ай бұрын
Always enjoy hearing Scott Galloway
@JD-mm7ur
@JD-mm7ur Ай бұрын
blame reagan for starters
@MrM1729
@MrM1729 Ай бұрын
So true! Marginal tax rate was 90% when that bast*rd slashed them to 35%
@scarletryane8842
@scarletryane8842 Ай бұрын
Reagan was all for wages following the CPI. It was the Bush 43 administration that ushered in the new philosophy coming out of Harvard at the time to pay less and people would put up with it. Gore warned of this but no one listened.
@macole4958
@macole4958 Ай бұрын
Trickle-down theory has never worked, and it keeps coming back.
@michaelflores6249
@michaelflores6249 Ай бұрын
started with Nixon's "war on drugs"
@solarlaura3355
@solarlaura3355 Ай бұрын
Reagan started the "Age of Bribery". There has always been some bribery but the Reagan administration passed laws to make it legal.
@TM-yn4iu
@TM-yn4iu Ай бұрын
I'm 68, went through several recessions, lost jobs because of closures - as if walking on melting ice. Several jobs, from up to janitor in a warehouse, cleaning restrooms. First home at 21, economy ruined everything. I was not college educated but I understood/learned and I was not afraid to ask questions. I retired as a Sr manager, I was chosen over highly educated individuals, Masters, PHd, and more. I was very skilled in my position, I interviewed for fun and offered several positions - turned down. But I never forget the challenges and intense worries that i experienced, often smiling and telling all it's ok, knowing i had nothing in my pocket or refrigerator or sharing last dollar, saying I had more. Not rich, but humbled in a home and retirement. Worries for democracy, vote
@kezzt
@kezzt Ай бұрын
"first home at 21".
@patbeulah6208
@patbeulah6208 Ай бұрын
@@kezzt and then lost it to economic downturn
@kezzt
@kezzt Ай бұрын
@@patbeulah6208 where does it say that?
@AshraNashal52
@AshraNashal52 Ай бұрын
@@kezzt It kind of seems implied with “economy ruined everything” but the English is ambiguous so… maybe he lost? Maybe not? In either case, no one today is making enough money as a janitor to buy a house at 21 even if they lose it later.
@kezzt
@kezzt Ай бұрын
@@AshraNashal52 exactly. He bought a house as a janitor at 21, chose not to get a degree and was retired by 68. That's objectively an easy life, in comparison to today's average person.
@stephaniewalsh67
@stephaniewalsh67 Ай бұрын
I have 3 kids in their 20s. They live at home. Everything you said is true.
@treyjohnson1277
@treyjohnson1277 Ай бұрын
Always a refresher to hear Prof G talk about these issues. Seems to be one of the few ppl who really get it.
@rosemarywessel1294
@rosemarywessel1294 Ай бұрын
Thank you a) Scott Galloway for the clear perspective and b) Ronny Chieng for blunt humor that ALL of us born after a certain time can relate to. Very well handled discussion.
@scarletryane8842
@scarletryane8842 Ай бұрын
Yes Thank You Scott Galloway for promoting Walmart's message "we want to pay you more of our billions in cash but the government won't raise the minimum wage so we just can't pay people a fair wage! Alas, it will have to just go into our pockets, thanks to government policies! Yes you all should be so mad at them! And by the way, you should be saving 3-6% of your poverty wages or you have no hope of retiring well. Blame the government!"
@akumacode
@akumacode Ай бұрын
props to Ron Chieng for hosting that interview so well. kept things light, funny, without being too insulting, and also keeping things on topic and featuring Mr. Galloway and his message properly
@Emanon...
@Emanon... Ай бұрын
This is ALL about Reagan and the turn the US took since then.
@ChristyMorris-rh7rq
@ChristyMorris-rh7rq Ай бұрын
Absolutely!
@qadirbhutta5814
@qadirbhutta5814 Ай бұрын
What and why reagan did what he did?
@bryanwalsh1107
@bryanwalsh1107 Ай бұрын
​@@qadirbhutta5814 He gutted education for starters, which gave you MAGA and an illiteracy rate ~21%.
@outdoorinwithzach
@outdoorinwithzach Ай бұрын
Neoliberalism
@kokohead333
@kokohead333 Ай бұрын
Love and always listen to Scott Galloway!
@xpanurmind
@xpanurmind Ай бұрын
I'm just curious as to where the constant tax cuts for the ultra-wealthy & already rich corporations over the last 40 years fits into this equation of income inequality. It seems like this plan for a ruling-class owned & operated society was setup back in the early 80s beginning with Reaganomics, which is where those tax cuts began
@sarge4455
@sarge4455 Ай бұрын
Truth
@ruthslone2992
@ruthslone2992 Ай бұрын
🎯🎯🎯🎯🎯
@kurmit-ih1yn
@kurmit-ih1yn Ай бұрын
YEP!!!!
@calebgees
@calebgees Ай бұрын
They want cult leaders with money to be their kings. The Trump "family" is their dynasty.
@janestackhouse8764
@janestackhouse8764 Ай бұрын
Agree. When the Boomers were struggling to support a family and not shaping policy.
@psykolikwid
@psykolikwid Ай бұрын
Excellent interview. Proud to consider myself a positive contributor to that much needed change. Let’s defend this democracy!
@Studeb
@Studeb Ай бұрын
Love Prof G, I watch mostly everything he is in. Him and Gary's Economics are two very successful investors who are still telling the truth, even though they will personally not gain from it directly. Indirectly everybody will benefit from a more equal society, even if people like Elon would rather see it burn to the ground than him not being the wealthiest person on Earth.
@scarletryane8842
@scarletryane8842 Ай бұрын
Prof G is not telling the truth. He's protecting his corporate clients with every word.
@davidtromblay9503
@davidtromblay9503 Ай бұрын
Ronny is really coming into his own. Love it!
@jakebesaw
@jakebesaw Ай бұрын
Scott is an absolute gangster! So glad to see his beautiful mind on display here for people who maybe had not know of his work previously
@macberry4048
@macberry4048 Ай бұрын
Scott is probably more gen x than Boomer
@holycrapchris
@holycrapchris Ай бұрын
Prof G's talk works better with charts, like in his Ted Talk
@1108bhendren
@1108bhendren Ай бұрын
Prof G I listen to you every week on pivot, prof g markets, and most importantly I listen to G Hann read no mercy no malice. You’re an important voice in my life and hopefully the life of the nation.
@NadirToZenith
@NadirToZenith Ай бұрын
As a person who has been listening to Scott's pod for over a year and half now, I'm proud of him and glad that he's finally getting a platform to spread his thoughts. I have seen him on Bill Maher and TED, but the daily show is certainly more mainstream to spread his ideas to a wider audience. Scott is definitely one of the most important thinkers of our time
@stevechance150
@stevechance150 Ай бұрын
The Prof G Show. My weekly addiction.
@lavenderdragonx
@lavenderdragonx Ай бұрын
If y'all have never heard of Scott Galloway, I highly recommend checking out his TEDtalk, it's succinct, it's informative, it's what people need to hear.
@chandleredwards
@chandleredwards Ай бұрын
Fellow Boomer Man knows what he is talking about.
@zizendorf
@zizendorf Ай бұрын
@chandleredwards No he doesn't! He's myopic and neglects a large proportion of older Americans. See other comments and show some compassion.
@TheNorthP
@TheNorthP Ай бұрын
He is gen x btw
@dondimon7601
@dondimon7601 Ай бұрын
Scott Galloway for President please
@DGDfan13
@DGDfan13 Ай бұрын
As a teacher I 100% agree with the forced compulsory service to the country for say 1-3 years (DOES NOT MEAN MILITARY SERVICE) - it would foster care for the nation/future and empathy for fellow citizens despite differences between them
@audreyb9736
@audreyb9736 Ай бұрын
He needs to run for president
@Q5992vvr
@Q5992vvr Ай бұрын
What a great, smart, mature, informative guest and interview. This was monumentally better than that other guest, Eben Moss-ButtCrac.
@briansounalath
@briansounalath 24 күн бұрын
I was wondering who this random guy was but I’m glad I clicked and happy DS picked him as a guest, thank you.
@nathanbeven6037
@nathanbeven6037 Ай бұрын
Scott Galloway for President!!!
@nathanbeven6037
@nathanbeven6037 Ай бұрын
2024!!!
@kab2599
@kab2599 Ай бұрын
Right? All the people we need in politics don’t want to do it 😑
@fouchi3203
@fouchi3203 Ай бұрын
@@kab2599 THIS. I'm 33 now and i've noticed most of the smart and honest people who could make a change for the better either don't believe in themself or just don't want to get mixed in a toxic place like politics
@andrewmaloney6703
@andrewmaloney6703 Ай бұрын
This man should be president
@___beyondhorizon4664
@___beyondhorizon4664 Ай бұрын
Simply put, only spent what you have, even saving $20/week is never too little. I don't go to Starbucks, i made mt coffee at home I go to movies before 4pm, it's cheaper. I rarely go to restaurants, i still did lot's of activity. I volunteer at my local museums to stay busy, i can put it on my resume and briefly talked about it during job interview. When I take a vacation,bi stayed in hostels and met so many interesting international travelers.
@zacherybinks8268
@zacherybinks8268 2 күн бұрын
I wish Scott would run for president
@MauricioGonzalezFilms
@MauricioGonzalezFilms Ай бұрын
Thanks! you sure made ProfG skip his memorized lines and engaged him 😂
@aakaankshpothukutchi8526
@aakaankshpothukutchi8526 Ай бұрын
I LOVE SCOTT GALLOWAY. He is my idol. This is the best mashup. My favourite show: the daily show + My favourite professor: Scott Galloway
@1LadyChat1
@1LadyChat1 Ай бұрын
Great set. Ronnie!
@joshuacole7400
@joshuacole7400 Ай бұрын
Really love that the idea of a mandatory national service was brought up. (West) Germany had a law until the 90’s requiring 2 years of civil service once a citizen turns 18. As an American Veteran I hope I can impress upon you the life long bonds and sense of brotherhood with your fellow Americans that service brings.
@ROLtheWolf
@ROLtheWolf Ай бұрын
Billionaires are to blame, Ronny! It's that simple.
@nicksideris2600
@nicksideris2600 Ай бұрын
Scott is a national treasure, ty sir!
@lololllololololol
@lololllololololol Ай бұрын
I agree with the guy, but save what money from where?
@factsoverfiction7826
@factsoverfiction7826 Ай бұрын
He said "3% to 6%starting in your 20s" and you'll be wealthy at his age. Easiest way, have 10% auto-transferred into savings each pay period. Don't worry, it's still yours. Make a game of living on the rest: Can I do without it or get it cheaper? Lots of KZbin channels on thrift. And you might be under-paid at your current job. Negotiating raises; strategically changing jobs; getting certification, training & education that bumps up your pay level are survival necessities now.
@TheDilkshake
@TheDilkshake Ай бұрын
It doesn't work on its own, it's dependent on his other advice working out. It's a broad statement. You will never be rich saving even 10% of your salary at McDonalds unless you get incredibly lucky with bets on the market which is not advisable or sustainable. His advice about saving is largely targeted at people working jobs above the median pay. I wouldn't castigate him for that either. There isn't one answer to any of these problems. You'd have to make a lot of changes which have the potential to lead to a better future and even then it isn't guaranteed.
@vtheb1299
@vtheb1299 Ай бұрын
​@@TheDilkshakeyou don't need to be lucky just put it in a low cost index fund tried and safe but people need to be educated about it. As Mr Boggle said, why bet in the casino when you can buy the casino 😎
@tormdk5879
@tormdk5879 Ай бұрын
Is it tougher for the ones at the bottom of the income hierarchy to be able to put aside money for their retirement? Certainly - however it is not impossible, and every single one of us needs to understand that compounding interest and time in the market are our friends. The median household have a real shot at having over a million dollars saved up if they can put forward 10% of the households income into savings per year across a lifetime (40 years), and if you have an average income instead of the median, that number dramatically increases. That's not to say it's not tough at the bottom - it is, and while I am not American, I would hope you guys are able to help those in that situation. However the median McD worker would be able to retire with about $250,000 saved up if they were able to put up that 10% you noted. I don't know if that is enough to retire with in the US, but from what I can see, they would still be able to beat the current median savings for that age, even though they have been below median income levels their whole life.
@rb-pk8ds
@rb-pk8ds Ай бұрын
​@@TheDilkshake... thank you. This is exactly what he was missing.
@Mtn603
@Mtn603 Ай бұрын
Well said by Scott, internalize that advice, young folks! And vote!
@hellion7514
@hellion7514 Ай бұрын
The “me” generation has been hoarding all the wealth and decision-making power for decades! Hopefully future generations will not be so selfish and greedy.
@taylorhills9521
@taylorhills9521 Ай бұрын
Scotts podcasts are amazing listen to them weekly and you will become a smarter & wealthier person.
@benjaminchristensen1674
@benjaminchristensen1674 Ай бұрын
I didn’t know John Malkovich is so versed in business and economics.
@bobpurcell7175
@bobpurcell7175 Ай бұрын
<a href="#" class="seekto" data-time="60">1:00</a> Poverty is the default position of mankind, and there are those who would keep it that way, for others.
@megmoore335
@megmoore335 Ай бұрын
I agree with a lot of what he has to say, but as a mom of teenage boys, I am not pro- mandatory service, especially with the MAGA/America First movements making enemies and allies with the wrong sides( denouncing NATO/Pro-Putin)
@muay_khao
@muay_khao Ай бұрын
You have to listen to his whole pitch. He recommends non military type service, food kitchen, building housing, etc...
@AngelusaNobilis
@AngelusaNobilis Ай бұрын
Is a mother of a teenage son, I too am afraid.
@daniellarusso8012
@daniellarusso8012 Ай бұрын
Mandatory service doesn't necessarily mean "military service". :)
@francoutah
@francoutah Ай бұрын
When I was a teenager I needed to get out and see the world to find out who I was and where I fit in. I really needed some sort of a "rite of passage" into becoming a man. My mother, still to this day will tell you that letting her boys go was the hardest thing she's done. I was the thrill seeker in my family and my lifestyle used to worry her a lot. We, my three brothers and I each did our own thing. We are still alive and very close to our mom. I actually bought a house five minutes away from her so I can take care of her. She's in her late 70's ... I wouldn't be here if it wasn't for her. She showed me what unconditional love is and I will always cherish that. Nothing's more powerful than a mother's love.
@racool911
@racool911 Ай бұрын
I don't think he meant military service only, probably more volunteering and stuff
@lovinglight1720
@lovinglight1720 Ай бұрын
Such a great read this will be, The Algebra of Wealth
@winonahdrake6931
@winonahdrake6931 Ай бұрын
He just pointed out that minimum wage is $7.25/hr, now he's assuming people have money to save.
@bengaude2189
@bengaude2189 Ай бұрын
This is so spot on!!!! We need more of this messaging and how can we get these two guys in government !!!!
@go2cloudbase
@go2cloudbase Ай бұрын
Wow, Ronny could host the show full time no problem. Seems like the modern day Jon Steward in this clip. Love it! So much talent in the cast of this show.
@scarletryane8842
@scarletryane8842 Ай бұрын
Jon would have asked better questions, and would have addressed the fact that Prof Galloway makes a ton of money as a corporate consultant and coincidentally he did not place any of the blame on the low wages they are paying which don't keep up with consumer prices so that young people, never mind saving 3%-6% (which he tossed off like it was a given) don't have enough money to simply pay rent and eat nutritious food nowadays. At least when Boomers got out of school they made a high enough wage to meet these basic expenses.
@Colleen-pr3qh
@Colleen-pr3qh Ай бұрын
@@scarletryane8842look. The demo base is young people you have to speak in the TikTok generation terms. I like Ronny’s plain and simple yet englightening style.
@kooale
@kooale Ай бұрын
I know boomers who'll take a big drink of Galloway 24/7. THANKS Chiengo!
@Brandon-ml2zw
@Brandon-ml2zw Ай бұрын
90% of what’s being suggested presupposes the individual is making an actual livable income already.
@Keji839
@Keji839 Ай бұрын
BINGO! barristas saving 2% of their income aren't making a sizeable change to their retirement funds
@elizabethperkins5555
@elizabethperkins5555 Ай бұрын
This guy impresses me every time I hear him speak.
@NewMessage
@NewMessage Ай бұрын
Fun Fact: All rich people taste the same.
@er...
@er... Ай бұрын
yum
@AngelusaNobilis
@AngelusaNobilis Ай бұрын
I loves the Soylent Green 💚
@johnl6176
@johnl6176 Ай бұрын
And their children are less stringy.
@CrapKerouac
@CrapKerouac Ай бұрын
@@johnl6176 A lot less fat, since they eat so well.
@JohnYoung-js1bl
@JohnYoung-js1bl Ай бұрын
With some fava beans and a nice Chianti.
@zerocoolcat
@zerocoolcat Ай бұрын
Didn't really have a favourite host in the last month, but I gotta give it to Ronny now! Smart, funny, irreverent!
@ThunderClapish
@ThunderClapish Ай бұрын
"Our elected officials are a cross between the Golden Girls & The Walking Dead..." *Preach!*
@regularbeaneater
@regularbeaneater Ай бұрын
Wowww, Ronnie nailed it on the content and the vibe here. His questions were actually calling out some of the important assumptions that Scott isn't talking about, and he was funny.
@FDR_progressive_liberal
@FDR_progressive_liberal Ай бұрын
Remember old people were young once and contributed to their parents and grandparents well being.
@michaeltrimble7680
@michaeltrimble7680 Ай бұрын
Wow, can we have this man run for president!?
@dm96177
@dm96177 Ай бұрын
The overlords would never allow it but someone like this is who we want and need
@michaeltrimble7680
@michaeltrimble7680 Ай бұрын
@@dm96177 I’d even take Robot overlords at this point.
@dm96177
@dm96177 Ай бұрын
@@michaeltrimble7680same 😅
@johnnynephrite6147
@johnnynephrite6147 Ай бұрын
I think he meant if you save 3-6% of HIS salary cuz Ive been saving 6% of my salary for 30 years already and Its still a knee high pile of scrap copper, not a pyramid of gold.
@cncmillman
@cncmillman Ай бұрын
You need to be investing it not saving. Compound interest is what makes it work. If you put $160 every month in an S&P500 index fund for 30years you would have ~$324,000 dollars. After 45 years it would be 1.4 million after 50years 2.2 million. As you make more try to invest a bit more.
@johnnynephrite6147
@johnnynephrite6147 Ай бұрын
@@cncmillman What world are you living in? $324,000 is knee high money dude. Now change the number from $160 a month to $1600. Like I said, HIS salary not mine.
@cncmillman
@cncmillman Ай бұрын
@@johnnynephrite6147 point is in 10 years it will be a million. This is investing 6% on a 16 $/hr job. I would say that’s a pyramid of gold if you are only making 16$/hr your whole life.
@cncmillman
@cncmillman Ай бұрын
@@johnnynephrite6147 $160 a month is 6% with a $16/hr job. If you have $320k invested you make the same in investments as the job you work. In 10 years it will be 1 million in investments. I would say that’s a pyramid of gold.
@derrickwedge
@derrickwedge Ай бұрын
Run for president please!
@sorryitookthisname2
@sorryitookthisname2 Ай бұрын
Great interviewer and interviewee.
@cosmictogaparty
@cosmictogaparty Ай бұрын
I love this guy!! ❤ l think humans will get it together and treat everyone with the respect and kindness everyone deserves. I'm hoping for my lifetime, but you know, humans.
@jeaniebottle6758
@jeaniebottle6758 Ай бұрын
Scott Galloway for President.. Please
@emerraldx
@emerraldx Ай бұрын
Scott says he has too many skeletons in his closet but lucky for us Andrew Yang has already been vetted, shares a similar set of ideals and is busy fixing the duopoly with RCV so he can run 3rd party in 2032 (fixing democracy is hard slow work so join up with the Forward Party!) 🧢 Plus Andrew will have Ronny as his opener 😉
@srhoviux
@srhoviux Ай бұрын
Can I vote for this guy for president???❤
@richardlynch1094
@richardlynch1094 Ай бұрын
How about MAKE THE RICH PAY THEIR TAXES! Stop blaming granny.
@nicolasgirard2808
@nicolasgirard2808 Ай бұрын
A lot of grannies are rich. That's kinda his point, boomers are pretty rich on average
@rupertvass8793
@rupertvass8793 Ай бұрын
@@nicolasgirard2808 and many aren't. the idea of "the wealthy generation vs the poor generation" is kinda bs as in reality it's a wealthy vs poor thing, with the wealthy from all generations stealing from the people who are poor he is far too reductive in his statement and basically ignores class
@user-pm7ck6ij9s
@user-pm7ck6ij9s Ай бұрын
Ronny - Scott Galloway is a Gen X not a Baby Boomer - he was just too polite to correct you on this.
@dkenneally8951
@dkenneally8951 Ай бұрын
Gen X - always forgotten and overlooked 😉
@Mr_Beaubles
@Mr_Beaubles Ай бұрын
Hey, uh... like, can we just vote for this guy to be president?
@TheUnlistedOne
@TheUnlistedOne Ай бұрын
You gotta listen to him on a right wing podcast some time.
@isocarboxazid
@isocarboxazid Ай бұрын
Yikes, this all it takes, a less than 10 minute TDS interview? Looked this guy up previously and he's got some really gross views and behaviors documented by other people, this was the window dressing. But yeah let's make him president. Window dressing works. 🤦🏽‍♂️
@kmick8108
@kmick8108 Ай бұрын
Bill O'Reilly and now this guy. 🙄 At least Ronny's funny.
@kathrynekent5718
@kathrynekent5718 27 күн бұрын
I should read Scott's book although it's almost too late! No savings or retirement and I'm pretty old -
@nigelgreen9369
@nigelgreen9369 Ай бұрын
Gen X - sigh - represent - hands up
@andydufresne8034
@andydufresne8034 Ай бұрын
They always say it's millennials and zoomers feeling the pain, but boomers perfected it on xrs. We've been struggling with it the longest.
@rosemarywessel1294
@rosemarywessel1294 Ай бұрын
we were the first ones to scream when the roller coaster started curving downward ... Still, as bad as we had it, I can't imagine starting out as an adult now. We had slim chances. Folks now have none.
@samanjj
@samanjj Ай бұрын
Right here buddy🙋🏻‍♂️ I feel you
@jeffmurphy6021
@jeffmurphy6021 Ай бұрын
Scott Galloway is the GOAT
@duncankowable
@duncankowable Ай бұрын
Ronny Chieng (Money) best person to interview Galloway
@GarrettMunro
@GarrettMunro Ай бұрын
LOVE SCOTT GALLOWAY!
@heynowls3058
@heynowls3058 Ай бұрын
As a boomer, we are the failed, selfish, self serving, short sighted, & don’t care failed generation. We blew it.
@andydufresne8034
@andydufresne8034 Ай бұрын
You forgot narcissistic and insane.
@evdm7482
@evdm7482 Ай бұрын
Down with Scott since…
@sgriffith2353
@sgriffith2353 Ай бұрын
I agree with much of what he says but he is a bit off base telling young people to save more in the face of rising rents, rising insurance costs, ridiculous costs of daycare, stagnating wages, and high healthcare costs. There is not much left over to save.
@jessicarowley9631
@jessicarowley9631 Ай бұрын
I'm buying this book! And, I'm a stoney broke boomer, but, and it is a big but, I am securely housed as I own my own home.
@KK-pm7ud
@KK-pm7ud Ай бұрын
I came here for comedy and got an information firehose.
@sally8234
@sally8234 Ай бұрын
I'm 75 and I was poor when I was young and while working. Could barely afford $250/month rent so I lived with a roommate. When all the bills were paid I had $20 left from my paycheck. I bounced a check on my very first dentist. 401ks did not exist and were not available until 1980, so I worked for 15 years without the 401k option. Owning a house was unavailable for me for quite a while. I feel for the young people today. Keep your head down, work and save. If you don't know how to invest, learn or stop by a brokerage office and talk to them. Don't buy the flashy, expensive stuff. Old people are not your enemy.
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