Expert: Professor Scott Galloway - The formula for building wealth
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- Опубліковано 28 кві 2024
- Professor Scott Galloway (aka Prof G) is a professor at the New York University Stern School of Business and host of some of the world’s biggest podcasts - The Prof G Pod (podcasts.apple.com/au/podcast...) and Pivot(podcasts.apple.com/au/podcast.... Today, he joins us to discuss how he made his money, how we invests today and his new book: The Algebra of Wealth: A Simple Formula for Success
In this conversation, we unpack:
- His early life, including founding 9 (yes, 9!) different companies
- How he made his money and what he attributes the success of those companies to
- The components of the algebra of wealth
- How you know when you’re rich
- Why Scott has a contrarian take on the advice to ‘follow your passion’
- How Scott believes young people should invest today (and how they shouldn’t)
- Scott’s view on property as an investment
- Why Taylor Swift is the ultimate female role model
- The crisis of young men and what should be done about it
- Scott’s view on alcohol, why he quit, and why he’s drinking again
Resources discussed:
- Pick up Scott’s new book: The Algebra of Wealth: A Simple Formula for Success (www.amazon.com.au/Algebra-Wea...)
- Pick up our books: Get Started Investing (www.amazon.com.au/Get-Started...) and Don’t Stress, Just Invest (www.amazon.com.au/Dont-Stress...)
- Want to ask a question or join us on the podcast, hit us up via our website. (equitymates.com/get-in-touch/)
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Thanks Mate, the sad truth is that no one has a clue, we all react to what happens as it happens and try to analyse it but can’t predict an iota of what is going to unfold in the markets… content creators are like amplifiers, when times are good they affirm it and try to tell you why it’s good and that it’s looking bullish but then all of a sudden the market turns bearish and everyone affirms it again and try to analyse why… it’s so sad that many are so powerless and it's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.3Bitcoin to a decent 19Bitcoin in the space of a few months... I'm especially grateful to Linda Wilburn, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Linda Wilburn program is widely available online.
@Lindawilburn
I appreciate the professionalism and dedication of the team behind Linda’s trade signal service.
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.
It was quite challenging to understand the different trends on my own until i found out about Wilburn. Trading made easy.
Scott says it how it is. There’s something so trustworthy about a speaker who is candid, rather than positive. I am sure Scott is the kind of man who can look a man dead in the eye and say “I don’t think starting a business is for you. You don’t have it. But you can get there another way.” I appreciate that.
Wow they landed Galloway as a guest!!
I reaaally liked this chat. His life experience and ability to convey the strengths and weaknesses of how he got to where he was really grounding
The audio coming from prof g is all on the left channel.
Yes he's quite liberal 🙂
Sterling chat. Well done, fellas.
Huge SG fan, great to get his comments
My left ear says thanks
Recessions are good. It's what keeps the economy efficient. They are needed. Rather than government's bail-out corporations financially, they should look at ways to support people non financially when they lose their jobs, such as food, water, shelter, and heating.
Amazing interview guys. Great insights. Galloway talks a lot of sense...apart from the Android nonsense 😂
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Claudia Jenkins.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
You trade with Claudia Jenkins too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
all to well
In the UK the gold / housing ratio tells us it is the cheapest time in 40 years to buy realestate.
Every single person who has ever rented regrets it. Even though you might face a 30%- 50% drop so what, they barely last 2 or three years before its back to all time highs. You cant time the market, get in where you can, if you have to move out of the city then suck it up.
Scott Galloway does have an american bias in the investing space.
Does he realize that the Aussie housing market is set to consume the entire economy?
There's really only a few a simple rules:
Housing may go up, and it will be underpinned and supported by the RBA, governments (including ensuring a deliberate shortage), RE agents, and the big one - buyers agents.
If housing DOES fall, than shares will fall TWICE AS HARD.
And there's major risks to the stock market, due to the current price of housing. Namely that the Liberals are taking to the next election, the ability to take 100,000 from superannuation and put it into housing (for first home buyers). What do you reckon that does to both markets?