Simon and Scott Galloway Break Down the Generational Wealth Gap | A Bit of Optimism #Podcast

Every generation deserves a fair shot at success, but the current wealth gap is anything but fair.

Scott Galloway and I discuss how to fix it in the latest episode of A Bit of Optimism. Listen wherever you get your podcasts 🎧

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Simon is an unshakable optimist. He believes in a bright future and our ability to build it together.

Described as “a visionary thinker with a rare intellect,” Simon has devoted his professional life to help advance a vision of the world that does not yet exist; a world in which the vast majority of people wake up every single morning inspired, feel safe wherever they are and end the day fulfilled by the work that they do.

Simon is the author of multiple best-selling books including Start With Why, Leaders Eat Last, Together is Better, and The Infinite Game.

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Simon’s books:

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#SimonSinek

[sUperPersonrescu]

It’s honestly a relief to hear it from the mouth of someone from an older generation

[gasser]

My parents are in their 70s… “why aren’t you… why don’t you…” but if you say anything about reality, “you don’t know…”

[jonm]

It’s so crazy! I’m sick of old people gaslighting people under 40 for not working hard enough.

[sardineRN]

People my age and older need to keep repeating this until others understand. I'm so worried for my kids' futures.

[Dezzo]

Honestly my generation is some of the most versatile and willing to survive people I have ever witnessed. Yes we complain but we will fucking make it work with $2 in the bank account and still need to eat, study, work, save, after being freshly dumped or cheated on, AND be thoughtful and kind and healthy enough to try to undo generations of family trauma.

We are not fucking lazy, it’s heartbreaking that no one can empathize with our reality

[HereTheHeckOfIt]

It's not just the young. It's everyone who is vulnerable.

[oorahcrazydog]

I know exactly what he's talking about. I'm a gen x-er. I tried to explain the situation to my boomer mom, but she doesn't understand. They never will. And the politicians THEY voted for over the past 40 years have got us to this point. That's why I'm more supportive of my daughter because I know her generation will have it even tougher.

[WtZuck]

30 y/o teacher, sacrificed alot to save $25k for down payment on a house over the last 3 years, the same amount of time it took for that $25k to be eroded by astronimically high asset prices and inflation. And yet those that have owned over the last 10 years I sometimes hear boast about the 300% increase in their home value and dont understand why im forced to still rent. It takes alot of motivation and energy to keep trying in this environment when you can't see the finish line.

[proletar-ian]

The French Revolution is starting to make a lot of sense at this point

[tylergob]

It's really tough out here for people our age. We're judged on our ability to acquire those material milestones, but everything is 10x harder to acquire.

[griff]

I love that this clip is punctuated with the endcard “a bit of optimism” hahaha

[soorian]

It's so disheartening that knowing even if i achieve all my goals, get all the education i want, and do do the job i want to do I'll barely be out of poverty.

[AnnaMO-kbir]

My kids are late 20’s, it is so discouraging what is happening. I already helped one with housing, now am going to have to help the other one so my grandkids don’t end up in an apartment. Oh, and both my kids have PhD’s in science related fields. My son with his bioengineering degree has not been able to find a job in industry that is paying more than $50/hr. My husband was making more with a 4 year engineering degree 25 years ago.

[vahjayjayaddict]

I lived on the Tex Mex border & worked on both sides. The Mexicans taught me a different way of living than a mortgage. I wish I had listened to them. First they save to buy land. They buy a plot, but have no housing to show for it. Then they save to drill a well & put in septic. Then for the foundation. Then the carpentry & plumbing. And last the electric & finish work. All along the way, they are waiting for a house but have no house. But when they finish, it's paid for & it cost a lot less than a tract home in a development. A mortgage gives you the house up front, but as you are saving for the down payment the price keeps going up. If I were young today, I would not get a mortgage. I would buy in steps paying cash & live minimally in rentals. If inflation soars, you have land first & mortgage rates don't matter.

[Plantabaja]

I love this guy. Finally someone in a another generation is putting it straight.

[frauleinhohenzollern]

It's almost like it's happening by design. But that'd be crazy talk.

[hindboud]

First time I hear a man in a pod cast say something responsable! Need more people like him

[cbus]

Feel shitty? No, they check out. They give up. They do the bare minimum. What's the incentive? Survive another month, that's it. Work hard? Get downsized. Oh, you're "essential?" Not enough to pay you a dollar more.

[Maddie]

I admire this man so much because he’s speaking about people in his generation (boomers), people who took advantage of a system that was in place for them to help them move forward in life, but yet he is speaking in a way that lets us all know that those of us in that generation (boomers) need to support ideas and policies that will make it possible for the next generations to achieve what we have achieved instead of constantly complaining that young people are lazy, which they are not, they are swimming up stream and the current is huge.

[marzero]

Young people who need shelter versus old people who need an investment vehicle