The Algebra of Wealth | The Prof G Show

On this episode of the Prof G Show, Scott Galloway ponders one of everyone's favorite questions: how do you get rich?

0:00 Let's Level Set
1:08 The Algebra of Wealth
1:19 Focus & Opportunity
3:23 Stoicism
4:47 Investing vs Consumption
6:59 Time (Friend or Foe?)
7:40 Diversification (Your Safety Net)
9:28 In Summary...

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*NEW: Q&A on TikTok*

[HugoBergmann-lund]

Interesting video I'm in my 50s and I'm more interested in investments that could set me up for retirement, I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?

[Stan-Elfrink]

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. Am i better off investing a good portion of my income into stocks or saving my earnings to achieve this goal?

[Ziggler-kykv]

The fact that nobody talks about the book Matrix Golden Cashflow Tactics, speaks volumes why people dont earn a lot of money..

[stanleyfujiwara]

Buy a good cross section of an economy, Build a diverse portfolio that keeps you motivated, Speed up the process where possible:i'm all for blue chips, dividends and i DRIP into etfs and abroad mutual funds. After my first million I realized that when a stock starts booming, chances of you finding out means you are quite late to the party, for this I make sure my CFA handles that, ever grateful to Dianne Sarah Olson.it's like turning your notifications to earn more millions.

[latanyaconlontl]

The first hundred thousand is so hard to get

[richiemello]

The value on these clips is like a lifetime worth of averted risks. Insane.

[Rnankn]

Fuck me, this is sheer genius. The intellectual honesty here is magnanimous.

[kchal]

As a black man coming from poverty and hitting a 7 figure net worth at age 27. I would add discipline to your list. Probably relates closest to focus but that I feel like is what got me to where I am today. Delayed gratification goes a long way but also luck will always play a role. Being in the right place at the right time.

*edit* as I posted this he mentioned discipline 😅

[nateisright]

I remember reading a quote in my early thirties: chose the pain of discipline or the pain of regret.
It might be hard to see, but Discipline pays off every time.

[anon]

19 years old (next month I will be twenty),
I am finishing college now, opening a small business and investing in bitcoin, to see my returns 10 years from now.
This video only reinforced my long-term plan, to try and save a lot now, so I can enjoy it in the future.

[KOSMOinfinite]

The rush of fresh air of a Prof that has real-world experience, real business experience. Great stuff.

[PassportGods]

Probably the only video you'll need on the topic! I like big ideas compressed simply.
- Focus + (Stoicism x Time x Diversification) = Wealth.

[winbin]

Thanks buddy, I’m a 63 yo Leb woman born with ten siblings males were favoured by imergrated parents to Australia. Your telling me nothing I don’t know already through no fault of my own the cards were agin me.
All good hope the next generation succeed.and women are valued to their fullest

[palythericthangulpez]

As a student in this business, who has passed through a bunch of professors, I can say with confidence! With this trader, you will both learn and earn and, importantly, receive advice. Everything is competent and clear, without a bunch of any unnecessary movements! Keep up the good work!🌍

[flochfitness]

Who else finds these words of advice exponentially more valuable than you ever learned in college?

[xxrngxx]

When Prof G talks, I listen & take notes.

[iLikeMyOwnPosts]

I'm not even 3 minutes in, and this guy is phenomenal advice.

[alexismesas]

Very interesting content, i would also be glad if anyone here can explain a few things for me, this is 2022 and I believe it's my time to invest and shine for a better future

[emilyhowe]

Our perceptions of your approach influence how we interpret, understand, and act on the truth. Getting into investing i stuck to Avoiding high interest debt. Cutting costs. spending less, earning more and investing passively The best way to find that balance between saving and living is by investing..what i can say to early investors is diversification and solid management this was how i got to my first million..at this point I'm actually grateful for my advisor Susan Kay Mack..

[juainott]

Man his way of saying things on how life really thought him a lot, means for me and us a LOT!!! and his tone of voice is chill but serious and he knows what's up. This video alone is the best all rounded kick start that people need. Basic simple, not overwhelming. Theres a point of art here.