Scott Galloway’s Advice To Make Millions In Your 30s & 40s
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Published 2024-05-06
Episode 581: Sam Parr ( twitter.com/theSamParr ) and Shaan Puri ( twitter.com/ShaanVP ) talk to Scott Galloway about his Get-Rich formula they won’t teach you in school and the hard-to-hear but essential advice every 20-year old should hear.
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Show Notes:
(0:00) Don't follow your passion
(3:08) Reverse engineering $160M exit
(7:30) How to keep top talent in your company
(11:12) "I'm not your friend"
(13:41) Scott's best and worst hedge fund deals
(16:20) Losing $10M every day
(18:14) Handle triumph and disasters the same way
(20:54) If you can't fix it, you have to stand it
(24:28) Lessons about happiness from the dying
(25:51) Statute of limitations on suffering
(28:57) Where Scott steals his powerful phrases
(33:09) Shaan opens his notes app of funny phrases
(34:52) Scott's anti-excited list
(37:33) “Go live in a city”
(39:50) Opportunity in America v Europe
(42:30) The fallacy of hard work over time
(46:56) Money does buy happiness
(52:20) The Algebra of Wealth
(55:33) If you have a side hustle you need a better main hustle
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Links:
• The Algebra of Wealth - tinyurl.com/44yw3h6k
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Check Out Shaan's Stuff:
Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): bit.ly/SupportShepherd
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Check Out Sam's Stuff:
• Hampton - www.joinhampton.com/
• Ideation Bootcamp - www.ideationbootcamp.co/
• Copy That - copythat.com/
• Hampton Wealth Survey - joinhampton.com/wealth
My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano
All Comments (21)
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The fact that nobody talks about the book Matrix Golden Cashflow Tactics, speaks volumes why people dont earn a lot of money..
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"The #1 predictor of retention is whether or not that person has a friend at work" I can't tell you how many times I've said "welp my time here has come to an end" immediately after my work friend got a new job.
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I'm convinced that investing 50k-100k in the right company before it goes big is more important than saving for retirement. However, picking the right company is so hard. I have around 200k in a HYSA and want to invest it. What are the best opportunities now?
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Guys, I've been suffering from depression and anxiety for 10 years. I'm 31 and living with my parents, but i started watching your podcasts and the information in them gave me hope. For the first time, in a long time, i stopped thinking about taking my life. I'm a digital artist/aspiring filmmaker. Do more of these videos and talk more about network, pipelines, strategic approaches to business, digital ways to make money as a solopreneur, industries and their capital. Thank you guys. You rock.
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The whole point of wealth for me is freedom. My magic number in my mind is $5 million needed at 65 to not worry about anything and i am halfway there. Since i am closing in on retirement, i am searching for an aggressive strategy to boost my Roth accounts and maximize the tax-free profits.
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Finally some clickbait aimed at people in their 30s. Always seeing “how to make a million before you’re 20” is exhausting lol
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"1 out of 7 businesses succeed that's why I started 9"
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I've always wanted to put $300K into the stock market but i need an approach that will align with my risk tolerance and financial goals to secure our future..
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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 $200k of my savings in stocks this year, and I hope I make profits.
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I have never heard of this bloke before, nor have I watched this channel before, but as a 37 year old woman who has had to start over after a work breakdown, this was a really great talk. And the best thing is he's not a theorist! He's done the work, and he's not giving an unrealistic view of the world!
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I've just completed the sale of a property located in Portland and I'm considering reallocating the resulting funds into the stock market. Despite prevailing sentiments regarding its readiness, I'm unsure about the timing of stock purchases. How long until we witness a full market recovery? Furthermore, I'm puzzled by the methods allowing others in the same market to achieve gains surpassing $200k within months.
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my 30's begin tomorrow. got to watch fast
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I really appreciate how there was not 5 minutes of teasers before the episode began. Please keep that up.
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What a lot of people don't get right about Europe is that people who start businesses go to a BANK and get a loan. If they fail they have to pay it back and ruin their whole life. Failing over and over and over is just not possible.
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I began working at 18, strived and grew my portfolio to 600k by 27. 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 15 years.. What should I do?
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Scott, thank you for putting your voice out there and talking about these important topics. Just ordered your book and can’t wait to read it!
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Great pod. Worth watching two times and then twice again with a notebook.
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His no bull is so refreshing
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Great pod. This is a masterclass on how to ask great questions...cheers Sam. Brilliant.
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I just watched his TED talk an hour ago, and now this popped up. So stocked 🎉
