The Diary of a CEOScott Galloway: Why boring investing builds real wealth
NYU professor Scott Galloway shares his blunt algebra of wealth playbook: focus, diversification, taxes, and why boring investing beats glamour.
Episode Details
EPISODE INFO
- Released
- July 11, 2024
- Duration
- 1h 49m
- Channel
- The Diary of a CEO
- Watch on YouTube
- ▶ Open ↗
EPISODE DESCRIPTION
Scott Galloway is a Professor of Marketing at the New York Stern School of Business and host of the ‘Pivot’ podcast about technology and business. He is also the best-selling author of books such as, ‘The Algebra of Happiness’, ‘The Four’, and ‘The Algebra of Wealth’. 00:00 Intro 02:00 Why Some Become More Rich Than Others 03:15 Where Do We Learn About Money? 08:43 Where Would We Be Without Those Connections? 13:04 No Matter How Old You Are You Can Still Make More Money 20:21 When To Take Risks And When To Diversify 23:27 Should We Go For Our Dream Jobs? 27:05 Having Money Is Fun! 31:18 Why Should You Have A Number Of How Much Money You Need? 32:41 How To Make 9-Figures 37:18 Where You Should Live To Be Financially Successful 40:02 How Do You Get Out Of Your Current Job Situation 42:39 Good Places To Make Money Vs Bad Places To Make Money 45:19 How Do You Find A Mentor? 49:10 The Psychological Formula For Networking 56:58 How To Be A Great Decision Maker 01:01:48 Is Marriage Good For Wealth? 01:03:39 Relationship Investing Is The Key To Wealth 01:06:17 Can Anyone Start A Company? 01:08:11 The Power Of Storytelling 01:10:01 How Does The Average Person Develop The Skill Of Storytelling? 01:12:54 What Is The Algebra To Storytelling? 01:16:25 How Has Scott Changed Over The Years? 01:18:56 Where Should I Invest My Money? 01:27:12 Investing $1000 A Month In S&P Visual 01:30:42 Is Real Estate Worth Investing In? 01:34:59 Playing The Tax Game 01:41:37 The Importance Of Tax Advice 01:43:53 Last Guest Question You can purchase Scott’s book, ‘The Algebra of Wealth’, here: https://amzn.to/3S16pvR Follow Scott: Instagram - https://g2ul0.app.link/JCoalDTC7Kb Twitter - https://g2ul0.app.link/9EftqvWC7Kb You can purchase the The Diary Of A CEO Conversation Cards: Second Edition, here: https://g2ul0.app.link/f31dsUttKKb Follow me: https://g2ul0.app.link/gnGqL4IsKKb Sponsors: PerfectTed - https://bit.ly/DOAC-POD-DIARY15 - Code: DIARY15 at checkout for 15% off NordVPN - https://nordvpn.com/doac - give you 4 extra months on the 2-year plan. There's no risk with Nord’s 30 day money-back guarantee!'
SPEAKERS
Scott Galloway
guestSteven Bartlett
hostNarrator
other
EPISODE SUMMARY
In this episode of The Diary of a CEO, featuring Scott Galloway and Steven Bartlett, Scott Galloway: Why boring investing builds real wealth explores scott Galloway’s Algebra of Wealth: Risk, Boredom, Taxes, Relationships, Reality Scott Galloway lays out his “algebra of wealth” — a practical, unsentimental framework for achieving economic security built on focus, discipline, diversification, smart geography, and tax strategy. Drawing on his own story of being rich, broke, then rich again, he contrasts romantic narratives about passion and entrepreneurship with the boring but proven path of steady investing and ownership.
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