It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.
I understand how you feel. It's a little bit difficult to navigate things these days. You don't wanna lose whatever is left. I may suggest that you find a financial advisor who could give you thorough advice on how to go if you want to go the investment route. Also, the fact your business failed doesn't mean you should give up.
That's right. I have tried many failed businesses and it's just a step further. Don't despair. But to add, if you do decide to use a financial advisor, it's best you use someone who understands your special needs and can work with you. I learnt this from experience before finally finding one I can stick with.
'Sophie Lynn Carrabus is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
Diversification is the secret to optimal performance. This is why I have my interests set on market sectors based on performance and projected growth, such as stock, EV sector, renewable energy, Tech, and Health. 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
Dealing across multiple asset classes can reduce risk more effectively than putting all of your money into one. If you don't understand finances properly, see a financial consultant.
True. My portfolio was diversified across several markets with the help of a financial planner, and were able to achieve over a million in net profit among high dividend yield equities, ETFs, and bonds. It is vital that you have a variety of exposure, including in firms that are currently generating cash flows.
It’s funny, because everyone has their own theory-stocks, real estate, starting a business-but this one was about the fundamentals. It’s all about smart planning and avoiding common pitfalls
You know, that actually makes sense. A lot of people jump into investments without really understanding them, just because they hear about someone else getting rich that way. But without a good strategy, you can lose just as easily.
Exactly. I’ve seen so many folks, especially in retirement, struggle because they jumped into something risky or put all their money in one place, hoping for a big return. I was lucky enough to have some guidance early on. One thing that helped me was having a plan with a clear goal in mind instead of taking random risks
It’s true. And if you look at people who are wealthy, they didn’t get there by chance. They had smart advice along the way. That’s why people like Eric Paul Elmer are so sought after-he’s helped everyone from celebrities to regular folks manage their money to avoid those big mistakes
Eric Paul Elmer, huh? I’ve heard his name before. Isn’t he the advisor who works with both high-profile clients and everyday people? Sounds like he has a knack for guiding people, no matter where they’re starting from
Yeah, that’s him! He’s worked with people who have massive wealth, but he also knows the challenges everyday people face. I read he’s big on helping clients avoid common traps, like overspending on trendy investments or relying too heavily on credit
I admire the financial independence of people, But you can live better if you work a little more. After watching this I think there are people out there, on the extreme, who plan to die early just to be able to retire early. To each their own but to me retirement isn't just about not having to work, it's about having the freedom to do whatever you might reasonably want, such as travel, buying things, enjoying life, etc. I don't think I could retire with less than $3m in income-generating investments, maybe $2m at the very minimum. I plan to work until I'm at least 45
Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving
Spot on advice. Great job! And yeah, I think we investors overestimate how hard it is to stay in the market when things aren't looking too good. Whenever I'm tempted to either cut losses or capture profits, I remind myself of Fidelity's study of their best performing portfolios; the best performers were either dead or forgot they had an account. So now with directives from my asset manager, I pick assets that can perform similarly in both short and long term. My portfolio has been foolproof so far.
Great podcast, I’m the jack of all trades but master of none. Never saved in my 20’s-50’s, now playing catch up at 61. Thanks Cody for all your excellent advice
As smart investors who understand the true value of the underlying business, we never let the current market price guide us into the quality and success of our investments... we allow the market to serve us.....we take advantage of the emotions and stupidity of others to add great companies on the cheap.
If the dollar collapses don’t be fooled your debts doesn’t disappear, they add it back to the new currency or mode of barter. best advice get outta debt. make regular investments be debt free and financially stable
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.
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.
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.
I get over failures by learning from what went wrong and taking responsibility, get back up do everything with good intentions in order to have a clean conscious and thank God's for the opportunity and move forward.
In this world, the general public adheres to the conventional wisdom that a good business and job is the key to becoming rich, while a select group of billionaires has access to and operates by a different set of rules or strategies that are not widely understood or accessible.
Stocks and Forex - an enlightened form of Investment,n the place where millionaires and future billionaires would come for motivation. You are seriously missing out if you have never been in one. Most importantly If you know how to trade you can make a ton of money no matter where you find yourself
I strongly agree that Bitcoin ETFs approval will be lifetime opportunity for us, with my current portfolio of $548,000 from my investments with my personal financial advisor i totally agree with you😊
I liked the benefits of the investment process because I am very clear about the organization in which I am investing. That's because the examiner's notes keep me informed. In fact, I enjoy the process more than the result. Thank you very much Mr Lee Davis
Mr Lee Davis has been my financial advisor for a long time and I must say that he is truly impeccable at he job. May the good Lord continue to bless you for everything he does.
I made my first million investing aggressively in index funds, QYLD & stocks a newbie. A licensed U.S broker I met at a trade seminar in NY assists me handle my trades. Stock needs your time & if you wish to focus on other things in life, I advice you invest with a broker.
Awesome!! A friend of mine from London told me of his successful investment with Julliane Iwersen Niemann, & how she doubled his £100k portfolio in couple months trading for him. She is someone I fully recommend.
Absolutely! A skilled coach helped grow my investments from $321k to over $750k, primarily through stocks, ETFs, and bonds. I anticipate housing prices will stay stable until more homes become available.
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
Julianne Iwersen Niemann is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
Patricia's unique strength lies in her realistic approach which makes her different from other brokers who often set unattainable targets and fall short in delivery
This is one of the most helpful videos I've watched so far. I'm 64 living in Malaysia and still fully employed. Right now am trying to start another couple of income streams and complement my wife's businesses. The latter's are still small but I'm very sure they will be bigger when we continue to improve things. Anyway, the thing I like most about Scott Galloway's episode here is his frankness - no hype but just the hard facts.
I`m new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the opportunities so far. I believe having $450K yearly income would be a good investment so I want to plug all my savings into the market.
DCAing amongst various assets is a good strategy and can help reduce the impact of market volatility and thus a good strategy if you are looking to compound . However it is important to consider financial advisory when investing .
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.
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 portfoIlo allocation
Aileen Gertrude Tippy is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
Good collab. I'm looking to start a business soon, only limitation is that I work a 9-5. Is there any not so big but lucrative business you can combine with a 9-5 job? My job doesn't pay badly and I don't want to quit but I need the extra income too.
I was in a similar dilemma two years back. A business may not be the right way to go about getting that extra money except you won't do the running of the business yourself. You should probably consider investing in stocks, ETF's or even Real estate if you have the money. You don't necessarily need a lot of time for this and it is equally rewarding. You can even use the service of a financial expert and this way, you literally do nothing and it's much safer. I now make roughly 12k monthly this way and I plan to still own a business but much later when I'm ready to retire. Goodluck
@dannywalters958 Nice... This makes a lot of sense... I've been considering going into this stock thing for sometime now... Heard its a nice way to make some extra funds... How do you get a good expert and how expensive are they...
Nice... This makes a lot of sense... I've been considering going into this stock thing for sometime now... Heard its a nice way to make some extra funds... How do you get a good expert and how expensive are they...
@@wonderfully_madeJake You should begin by looking out for those with strong records. Also make sure the person is registered. Personally, I use Marie, Kelly Matwick. She's not so popular but you might have heard of her. And from my experience, they're usually way cheaper than you would expect
The biggest reason to not start a business is we don’t want to be broke. This is romanticized by entrepreneurs but I would really enjoy a video addressing it.
This guy has a lot of ideas I agree with. He is very realistic. But I would still try chasing my dreams and passion as long as I am alive. Thanks for this video.
What I'm very impressed by in this interview is that... He's not shy to say he's an atheist but he talks about going to church? And he has "forgiven" himself... He has faith
Diversification doesn’t work in a financial crisis because everything goes down in a financial crisis. That’s what’s called systematic risk which by definition can’t be diversified. Diversification helps with a company specific or industry specific risk only.
I don't agree with Scott when it comes to some political stuff, but he is so on the money when it comes to personal and business finance advice, it's rare to come across someone so honest and with advice for people that aren't workaholic superstars.
Great podcast. I have followed Scott for almost a decade, and would never have thought I would see the two of you in a room together. While I disagree with him on a number of things, I think he is a good barometer because of the “no BS” articulation of his perspective.
People always say diversification, but a lot of people made there water focusing down in 1 area until they mastered it and then once they made the wealth they diversified so not one thing can wipe you all out
I can launch my business with a few clicks of a mouse. One year ago I had zero skills in my industry. I have over 40 products that reliably sell, and are in demand. I am extremely good product development. Its a talent i didnt even know I had. Finding what youre good at is a challenge fkr most people.
Copywriting (marketing in a broader sense) is what I think i might excel at. I can't get my ideas across verbally. But when I jot them down, it's a whole new level of creativity, grammatical perfection and persuasive power. Fun fact: I convinced a total stranger I never met physically that I'm drowning in the ocean of her love in just about a month or so. And that is only through text. No kidding!!!
Time goes by so fast do whatever you can today feels like yesterday I was 20 I'm almost 40 and since the lockdowns stole what feels like 5 years time has just been on 10x.
My First "Job" (Post Highschool) was as a Masonry Worker, great Pay, Good Physical Work, (no Gym Membership Required), and often took ust to very interesting places! 👍👌
This video dives into practical advice on achieving financial freedom and building a successful career. It challenges the idea of blindly following your passion, suggesting instead that you focus on becoming great at something you're good at, even if it’s in an unglamorous industry. The speaker outlines a formula for financial success: focus, saving early, leveraging time and compounding, and diversifying your investments to reduce risk. Key lessons include the importance of building discipline, starting small with savings, and using early career opportunities (even unexciting ones) to learn critical skills. For young people, developing structure through fitness, work, and social activities is emphasized as a way to build confidence and purpose. The video also highlights the value of resilience, learning from failure, and understanding that financial success takes time and consistent effort. It’s a reminder that anyone can build a fulfilling and financially stable life with the right mindset and habits.
OMG I loved the part, he probably didn't grow up dreaming about making it sound proof and renting it out to podcasters. That's how I feel like when running my business but for a different niche.
I'm a bit confused, and definitely in a rut. But in regards to this video, Scott starts by saying find things you're good at that are in unsexy sectors/industries and uses the podcast space he is in as an example. That the person who is renting out the space is making money on rent etc. But what is that person good at in that example? What is the skill that he's good at? Recognizing that opportunity? Is that it? The example of the granite guy is also interesting too. Did that person "find" what he was good at or was he simply entrenched in a particular niche industry? And over time did he naturally become good AND successful? And how is someone, especially later in life, supposed to find something that they're good at it, in an unsexy industry/niche? I am 46 with two kids and have spent most of my adult life running a QSR brand that didn't ultimately end up doing all that well. I believe in myself and my abilities, but the only thing that I KNOW I am good at is connecting with people. I can talk to anyone and build a connection. It's my superpower. But how to leverage that at this point in my life into a business is beyond me.
Not everyone has entrepreneurial acumen. This alone does not make you successful. You need to understand accounting and the numbers. Financial intelligence. You need to be able to sell or employ someone to sell. You need a super sales person. You need exceptional time management. And be prepared to work long hours in the beginning. And until you can employ top people to do the work.
As a beginner, educate yourself, Learn the basics of investing and the stock market. There are many resources available online, including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks and sectors to minimize risk. I’ve heard of people accruing over $550k during recessions and inflation, its important to do your own research.
Remember that investing in the stock market carries risks, and it’s important to do your own research and consult with a financial advisor before making any investment decisions.
I've been able to scale from (50K to 189k )in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns
I am being guided by “'Annette Christine Conte ” who I found on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care supervision.
My two cents are people don't like to learn on others people mistakes. And especially young men in my country have the mentality "I know better - give me the money, not advice".
Guardrails for sure. I met my partner at 23 and was inbetween jobs. Now I'm in my 30s running several businesses all because I thought when I met her 'shit I've got to get a job otherwise she's not going to want to be with someone like me for long'
@20:40 seals the whole conversation about making money while taking risks; only in US someone that failed can go and immediately raise money (capital) for starting another business. In any other part of the world - especially non Anglo-Saxon -, anyone get one shot at the entrepreneurial journey. One time. If it is successful than that is the assured way to stardom and if it fails there will never be another chance to raise capital. Work with those odds if you can, start from there if you are not in an (any) Anglo-Saxon system. Thank you for sharing.
It all sounds good and I wish I had this info 50 years ago. Today I'm in my 70s, disabled, in a remote location and can't leave it. I have phone and internet. What are my options?
Stop discounting your MBA. That is where real high level stuff is learned. The way you evaluate things shows in how you talk about investing. It is natural to you but comes from higher training.
This video was great and has a ton of value, but I have to note, but it was hard to focus on what he was saying at times because all I could hear was Codie breathing into her mic.
I like this female, she's the only female I listen to.. she probably had her father around her growing up.. she is straight, get to the point, well-mannered
If you ever listen to anything while reading comments, let it be this - go search Unrevealed Money Methods Borlest and read the book, then come back and thank me
*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?
@@meridithjurney6162 using same phone number for all these so called, miracle brokers, in all the comments. This is a scam comment. Same number just a different name. And i am sorry, but, there is no way you can afford to buy a mansion , cars, and surgery wiith 17k a month. Not in the USA. I have seen one bedroom appartments for more than that amount in the cities. They need to be reported. Not to mention, no successful broker who is any good is gonna have strictly whats app as their maine mode of communication. Lol@GITMachine
Okay, I had to pause this immediately after minute 22 and 59 seconds. Cody asks a couple minutes earlier, " What gives you strength?" His reply is atheism I repeat his reply is atheism. That being said, when he starts talking about things to do to make yourself better and he starts talking about put yourself around a group of people. Literally the first type of people he mentions is church people? Is anyone else catching that? He says go to the church make friends?........That is all.......That is all. 😉
It's sad how difficult things have become in the present generation. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to use what's left to invest, but I don't really know which way to go.
I understand how you feel. It's a little bit difficult to navigate things these days. You don't wanna lose whatever is left. I may suggest that you find a financial advisor who could give you thorough advice on how to go if you want to go the investment route. Also, the fact your business failed doesn't mean you should give up.
That's right. I have tried many failed businesses and it's just a step further. Don't despair. But to add, if you do decide to use a financial advisor, it's best you use someone who understands your special needs and can work with you. I learnt this from experience before finally finding one I can stick with.
@@PhilipDunk Who is this person guiding you and how can i reach he/she?
'Sophie Lynn Carrabus is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Diversification is the secret to optimal performance. This is why I have my interests set on market sectors based on performance and projected growth, such as stock, EV sector, renewable energy, Tech, and Health. 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
Dealing across multiple asset classes can reduce risk more effectively than putting all of your money into one. If you don't understand finances properly, see a financial consultant.
True. My portfolio was diversified across several markets with the help of a financial planner, and were able to achieve over a million in net profit among high dividend yield equities, ETFs, and bonds. It is vital that you have a variety of exposure, including in firms that are currently generating cash flows.
You seem to know the market better than we do, so that makes great sense. Who is the guide?
Her name is “Rebecca Nassar Dunne’” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
It’s funny, because everyone has their own theory-stocks, real estate, starting a business-but this one was about the fundamentals. It’s all about smart planning and avoiding common pitfalls
You know, that actually makes sense. A lot of people jump into investments without really understanding them, just because they hear about someone else getting rich that way. But without a good strategy, you can lose just as easily.
Exactly. I’ve seen so many folks, especially in retirement, struggle because they jumped into something risky or put all their money in one place, hoping for a big return. I was lucky enough to have some guidance early on. One thing that helped me was having a plan with a clear goal in mind instead of taking random risks
It’s true. And if you look at people who are wealthy, they didn’t get there by chance. They had smart advice along the way. That’s why people like Eric Paul Elmer are so sought after-he’s helped everyone from celebrities to regular folks manage their money to avoid those big mistakes
Eric Paul Elmer, huh? I’ve heard his name before. Isn’t he the advisor who works with both high-profile clients and everyday people? Sounds like he has a knack for guiding people, no matter where they’re starting from
Yeah, that’s him! He’s worked with people who have massive wealth, but he also knows the challenges everyday people face. I read he’s big on helping clients avoid common traps, like overspending on trendy investments or relying too heavily on credit
I admire the financial independence of people, But you can live better if you work a little more. After watching this I think there are people out there, on the extreme, who plan to die early just to be able to retire early. To each their own but to me retirement isn't just about not having to work, it's about having the freedom to do whatever you might reasonably want, such as travel, buying things, enjoying life, etc. I don't think I could retire with less than $3m in income-generating investments, maybe $2m at the very minimum. I plan to work until I'm at least 45
Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving
Spot on advice. Great job! And yeah, I think we investors overestimate how hard it is to stay in the market when things aren't looking too good. Whenever I'm tempted to either cut losses or capture profits, I remind myself of Fidelity's study of their best performing portfolios; the best performers were either dead or forgot they had an account. So now with directives from my asset manager, I pick assets that can perform similarly in both short and long term. My portfolio has been foolproof so far.
Who’s the person guiding you?
Her name is “Sonya Lee Mitchell” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
I just checked her out and I have sent her an email. I hope she gets back to me soon.
Progress is progress, regardless if it is slow or consistent. Either ways one still goes up, credits to Lunvo
Lunvo has quite been very helpful in the system. I recommend him anyday
There is no need to rush life, in the end what will be will be. Just be hardworking, steadfast and always seek for guidance
How can I communicate with him for advice
Search his full name
Jason Lunvo Rodrguez
Love what your are doing for us Codie!💯
Hidden Laws Of The Game read that book (thank me later!)
Great podcast, I’m the jack of all trades but master of none. Never saved in my 20’s-50’s, now playing catch up at 61. Thanks Cody for all your excellent advice
Investments are the roots of financial security; the deeper they grow, the stronger your future will be."
The deeper your investment roots, the stronger your financial security will be in the future.
Exactly! With my adviser, I’ve cultivated deep investment roots, strengthening my financial security for the future.
I would love an introduction to an adviser who can help me strengthen my financial roots.
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further.
Thank you for this amazing tip. I just looked the name up and wrote her.
As smart investors who understand the true value of the underlying business, we never let the current market price guide us into the quality and success of our investments... we allow the market to serve us.....we take advantage of the emotions and stupidity of others to add great companies on the cheap.
If the dollar collapses don’t be fooled your debts doesn’t disappear, they add it back to the new currency or mode of barter. best advice get outta debt. make regular investments be debt free and financially stable
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.
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.
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.
Sharon Ann Meny, is respected in her field. I suggest delving deeper into her credentials, as she possesses experience and serves as a valuable asset.
Codie... you look so good with less makeup. Seriously. You a gorgeous natural beauty.
I get over failures by learning from what went wrong and taking responsibility, get back up do everything with good intentions in order to have a clean conscious and thank God's for the opportunity and move forward.
His mindset on failure was a real inspiration…
In this world, the general public adheres to the conventional wisdom that a good business and job is the key to becoming rich, while a select group of billionaires has access to and operates by a different set of rules or strategies that are not widely understood or accessible.
Job will pay your bills, business make you rich but investment build and keep wealth long term, the future is coming.
Stocks and Forex - an enlightened form of Investment,n the place where millionaires and future billionaires would come for motivation. You are seriously missing out if you have never been in one.
Most importantly If you know how to trade you can make a ton of money no matter where you find yourself
I strongly agree that Bitcoin ETFs approval will be lifetime opportunity for us, with my current portfolio of $548,000 from my investments with my personal financial advisor i totally agree with you😊
I liked the benefits of the investment process because I am very clear about the organization in which I am investing. That's because the examiner's notes keep me informed. In fact, I enjoy the process more than the result. Thank you very much Mr Lee Davis
Mr Lee Davis has been my financial advisor for a long time and I must say that he is truly impeccable at he job.
May the good Lord continue to bless you for everything he does.
I made my first million investing aggressively in index funds, QYLD & stocks a newbie. A licensed U.S broker I met at a trade seminar in NY assists me handle my trades. Stock needs your time & if you wish to focus on other things in life, I advice you invest with a broker.
Awesome!! A friend of mine from London told me of his successful investment with Julliane Iwersen Niemann, & how she doubled his £100k portfolio in couple months trading for him. She is someone I fully recommend.
Absolutely! A skilled coach helped grow my investments from $321k to over $750k, primarily through stocks, ETFs, and bonds. I anticipate housing prices will stay stable until more homes become available.
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
Julianne Iwersen Niemann is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks.
This is the most deep uplifting interview to a real man I have seen in a long time!! You rock Codie!!! Thanks
Love his honesty and not forgetting him to share that as is. ❤
I just have to write this down here so this phrase would stay learnt..."passion comes from artistry, mastery and economic security." Great!
Hello, I don't know anything about investing and I'm looking to invest, any help? As well who can I reach out to?
Most people today have been having a lot of failures in investing because of poor orientation and bad experts.
It's wise to seek professional guidance when building a strong financial portfolio due to it's complexity.
I think I'm blessed if not I wouldn't have met someone who is as spectacular as Patricia Strain
Talking to an expert like Patricia Strain to reshape your portfolio is a very smart move
Patricia's unique strength lies in her realistic approach which makes her different from other brokers who often set unattainable targets and fall short in delivery
This is one of the most helpful videos I've watched so far. I'm 64 living in Malaysia and still fully employed. Right now am trying to start another couple of income streams and complement my wife's businesses. The latter's are still small but I'm very sure they will be bigger when we continue to improve things. Anyway, the thing I like most about Scott Galloway's episode here is his frankness - no hype but just the hard facts.
Good for you! I'm 46 and need to start building additional income streams. Can I ask, what are you doing specifically?
This video was so entertaining. The guy is so smart. I liked the last thing he said "young men need guardrails" completely agree from experience.
I`m new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the opportunities so far. I believe having $450K yearly income would be a good investment so I want to plug all my savings into the market.
DCAing amongst various assets is a good strategy and can help reduce the impact of market volatility and thus a good strategy if you are looking to compound . However it is important to consider financial advisory when investing .
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.
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 portfoIlo allocation
Aileen Gertrude Tippy is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
Thank you for the lead. I searched her up, and I have sent her a message. I hope she gets back to me soon.
Getting comfortable with failure is by far the most important skill. Once you’ve lived that shame and survived you’re bullet proof.
Good collab. I'm looking to start a business soon, only limitation is that I work a 9-5. Is there any not so big but lucrative business you can combine with a 9-5 job? My job doesn't pay badly and I don't want to quit but I need the extra income too.
you need time to run any business, especially when starting out
I was in a similar dilemma two years back. A business may not be the right way to go about getting that extra money except you won't do the running of the business yourself. You should probably consider investing in stocks, ETF's or even Real estate if you have the money. You don't necessarily need a lot of time for this and it is equally rewarding. You can even use the service of a financial expert and this way, you literally do nothing and it's much safer. I now make roughly 12k monthly this way and I plan to still own a business but much later when I'm ready to retire. Goodluck
@dannywalters958 Nice... This makes a lot of sense... I've been considering going into this stock thing for sometime now... Heard its a nice way to make some extra funds... How do you get a good expert and how expensive are they...
Nice... This makes a lot of sense... I've been considering going into this stock thing for sometime now... Heard its a nice way to make some extra funds... How do you get a good expert and how expensive are they...
@@wonderfully_madeJake You should begin by looking out for those with strong records. Also make sure the person is registered. Personally, I use Marie, Kelly Matwick. She's not so popular but you might have heard of her. And from my experience, they're usually way cheaper than you would expect
He hit it on the head! You can fail many times, but you only have to get it right once.
The biggest reason to not start a business is we don’t want to be broke. This is romanticized by entrepreneurs but I would really enjoy a video addressing it.
His wisdom on the meaning of life is amazing
This guy has a lot of ideas I agree with. He is very realistic. But I would still try chasing my dreams and passion as long as I am alive. Thanks for this video.
What I'm very impressed by in this interview is that... He's not shy to say he's an atheist but he talks about going to church? And he has "forgiven" himself... He has faith
Diversification doesn’t work in a financial crisis because everything goes down in a financial crisis. That’s what’s called systematic risk which by definition can’t be diversified. Diversification helps with a company specific or industry specific risk only.
I don't agree with Scott when it comes to some political stuff, but he is so on the money when it comes to personal and business finance advice, it's rare to come across someone so honest and with advice for people that aren't workaholic superstars.
Great podcast. I have followed Scott for almost a decade, and would never have thought I would see the two of you in a room together. While I disagree with him on a number of things, I think he is a good barometer because of the “no BS” articulation of his perspective.
Indeed, he says the quiet part out loud and makes it difficult to discount what he says purely on the surface. Definitely one of the better episodes.
Really great video and advice I think could help a lot of young entrepreneurs and professionals.
Thank you for this interview. I’m a big fan of Scott Galloway. Wish he would run for office.
People always say diversification, but a lot of people made there water focusing down in 1 area until they mastered it and then once they made the wealth they diversified so not one thing can wipe you all out
I can launch my business with a few clicks of a mouse. One year ago I had zero skills in my industry. I have over 40 products that reliably sell, and are in demand. I am extremely good product development. Its a talent i didnt even know I had. Finding what youre good at is a challenge fkr most people.
Copywriting (marketing in a broader sense) is what I think i might excel at. I can't get my ideas across verbally. But when I jot them down, it's a whole new level of creativity, grammatical perfection and persuasive power. Fun fact: I convinced a total stranger I never met physically that I'm drowning in the ocean of her love in just about a month or so. And that is only through text. No kidding!!!
Time goes by so fast do whatever you can today feels like yesterday I was 20 I'm almost 40 and since the lockdowns stole what feels like 5 years time has just been on 10x.
My First "Job" (Post Highschool) was as a Masonry Worker, great Pay, Good Physical Work, (no Gym Membership Required), and often took ust to very interesting places! 👍👌
This video dives into practical advice on achieving financial freedom and building a successful career. It challenges the idea of blindly following your passion, suggesting instead that you focus on becoming great at something you're good at, even if it’s in an unglamorous industry. The speaker outlines a formula for financial success: focus, saving early, leveraging time and compounding, and diversifying your investments to reduce risk.
Key lessons include the importance of building discipline, starting small with savings, and using early career opportunities (even unexciting ones) to learn critical skills. For young people, developing structure through fitness, work, and social activities is emphasized as a way to build confidence and purpose. The video also highlights the value of resilience, learning from failure, and understanding that financial success takes time and consistent effort. It’s a reminder that anyone can build a fulfilling and financially stable life with the right mindset and habits.
Heb 9:27 - And as it is appointed unto men once to die, but after this the judgment:
Seriously can not wait for Codie’s new book. Gonna go check out Scott’s on audible now 😁. Thanks for that
Rejection as a superpower? That's some next-level mindset! Who else has failed, dusted off, and tried again? 🙋♂🙋♀
We need more of these real Legit stories ❤🎉
OMG I loved the part, he probably didn't grow up dreaming about making it sound proof and renting it out to podcasters. That's how I feel like when running my business but for a different niche.
I'm a bit confused, and definitely in a rut. But in regards to this video, Scott starts by saying find things you're good at that are in unsexy sectors/industries and uses the podcast space he is in as an example. That the person who is renting out the space is making money on rent etc. But what is that person good at in that example? What is the skill that he's good at? Recognizing that opportunity? Is that it?
The example of the granite guy is also interesting too. Did that person "find" what he was good at or was he simply entrenched in a particular niche industry? And over time did he naturally become good AND successful?
And how is someone, especially later in life, supposed to find something that they're good at it, in an unsexy industry/niche? I am 46 with two kids and have spent most of my adult life running a QSR brand that didn't ultimately end up doing all that well. I believe in myself and my abilities, but the only thing that I KNOW I am good at is connecting with people. I can talk to anyone and build a connection. It's my superpower. But how to leverage that at this point in my life into a business is beyond me.
@CodleSanchezCT-yutb Expecting me to what? I'm confused.
Not everyone has entrepreneurial acumen. This alone does not make you successful. You need to understand accounting and the numbers. Financial intelligence. You need to be able to sell or employ someone to sell. You need a super sales person. You need exceptional time management. And be prepared to work long hours in the beginning. And until you can employ top people to do the work.
I just realised Scott never shuts up and doesn't allow for further questions. I can't unsee this now
As a beginner, educate yourself, Learn the basics of investing and the stock market. There are many resources available online, including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks and sectors to minimize risk. I’ve heard of people accruing over $550k during recessions and inflation, its important to do your own research.
Remember that investing in the stock market carries risks, and it’s important to do your own research and consult with a financial advisor before making any investment decisions.
I've been able to scale from (50K to 189k )in this red season because my Financial Advisor figured out Defensive strategies which help portfolios be less vulnerable to market downturns
Would it be okay if I asked you to recommend this specific advisor or company that you used their services? Seems you've figured it all out.
I am being guided by “'Annette Christine Conte ” who I found on a CNBC interview where she was featured and reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care supervision.
I just looked up Vivian online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals.
john eldredge "wild at heart" and paul Coughlin "no more Christian nice guy" biggest insight i got from these books:
Provide
Protect
Procreate.
This was fantastic information. I'm passing to my young men... hopefully they will pay attention.
My two cents are people don't like to learn on others people mistakes. And especially young men in my country have the mentality "I know better - give me the money, not advice".
What an outstanding talk. Well done Codie!
It was a great interview, thanks Codie
Guardrails for sure. I met my partner at 23 and was inbetween jobs. Now I'm in my 30s running several businesses all because I thought when I met her 'shit I've got to get a job otherwise she's not going to want to be with someone like me for long'
I listen to the whole POD. Killer
Don't get why most hate Scott. He's hilarious in this blase way and more importantly the only honest public figure.
Really love that these two collabed!
Great interview Codie!
Super smart guy. I bought his book. Incredible.
Wow love this guy, very refreshing. Thanks Codie!
Real talk!!!! Love it !!! ♡♡♡♡
@20:40 seals the whole conversation about making money while taking risks; only in US someone that failed can go and immediately raise money (capital) for starting another business. In any other part of the world - especially non Anglo-Saxon -, anyone get one shot at the entrepreneurial journey. One time. If it is successful than that is the assured way to stardom and if it fails there will never be another chance to raise capital. Work with those odds if you can, start from there if you are not in an (any) Anglo-Saxon system. Thank you for sharing.
Another awesome video! Love your good deeds Codie.
Wow. Brilliant interview
It's very sad that we have to hear people use obscene words so freely,yet it's so disgraceful
Wow. A great interview. Nice job, Cody.
GREAT DAMN CONVERSATION RIGHT HERE!!!!👏🏾👏🏾👏🏾
"I get a lot of strength from my atheism"--well that was a level of absurdity I wasn't expecting.
Diversification is your Kevlar 💥
It all sounds good and I wish I had this info 50 years ago. Today I'm in my 70s, disabled, in a remote location and can't leave it. I have phone and internet. What are my options?
As difficult as it is to admit the guardrails thing was the biggest part for me
Please have your editor put a lo pass filter on the audio. It’ll get rid of the booming from the hands on the desk.
Stop discounting your MBA. That is where real high level stuff is learned. The way you evaluate things shows in how you talk about investing. It is natural to you but comes from higher training.
College is draining money time and doesn’t give anything real to people at the end besides employers that drain them too
Halfway through this I’m waiting for the “How to start a successful business” part of this.
Wow excellent interview!!! Thank you
Awesome colab!!
Dang this was VALUE
TY Codie 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
This video was great and has a ton of value, but I have to note, but it was hard to focus on what he was saying at times because all I could hear was Codie breathing into her mic.
Not only America! Literally the whole WORLD!!!!
Cracking interview.
I like this female, she's the only female I listen to.. she probably had her father around her growing up.. she is straight, get to the point, well-mannered
Excellent work Codie,🎉 loved that you two of my favourite Internet friends got to chat! Please give Mel Robbins a yell next!
When was this recorded? Why did codie say Adrift was Scott's new book when - The Algebra of Wealth was released this year?
It’s called Repurposing of content.
If you ever listen to anything while reading comments, let it be this - go search Unrevealed Money Methods Borlest and read the book, then come back and thank me
This was way too short this should have been a 3-4 hour interview
Thanks you I love
*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
Waking up every 14th of each month to $210,000 it’s a blessing to I and my family… Big gratitude to Esther A Berg 🙌
Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?
@@meridithjurney6162 using same phone number for all these so called, miracle brokers, in all the comments. This is a scam comment. Same number just a different name. And i am sorry, but, there is no way you can afford to buy a mansion , cars, and surgery wiith 17k a month. Not in the USA. I have seen one bedroom appartments for more than that amount in the cities. They need to be reported. Not to mention, no successful broker who is any good is gonna have strictly whats app as their maine mode of communication. Lol@GITMachine
No one
Ever
Really
Dies
Okay, I had to pause this immediately after minute 22 and 59 seconds. Cody asks a couple minutes earlier, " What gives you strength?" His reply is atheism I repeat his reply is atheism. That being said, when he starts talking about things to do to make yourself better and he starts talking about put yourself around a group of people. Literally the first type of people he mentions is church people? Is anyone else catching that? He says go to the church make friends?........That is all.......That is all. 😉
This one’s good 👍
Very insightful 💯💯
Tnx codi
This is the perfect title. Financial Freedom. This is what I'm looking for.
Freedom. Freedom! Freedom?
Interesting, there is no information in the description section about the guest …
Ehh … tax lawyer and CPA here … I don’t fly private (nor could I) but do have an amazing husband 😍
Codie is like wtf he is all about men in my channel. Buckle up buddy