From wealth transfer myths to smart career moves, NYU Professor Scott Galloway reveals how to build real financial security in today's economic landscape.
What We Discuss with Scott Galloway:
- The wealth transfer from Baby Boomers to younger generations ($18 trillion) is highly uneven and won't solve economic inequality. Many people will inherit nothing or even have to support their aging parents, while a small number will receive substantial inheritances, further widening the wealth gap.
- "Follow your passion" is dangerous career advice, typically given by people who are already wealthy. Instead, focus on finding something you're good at that can provide economic security — mastery and success will lead to passion naturally.
- Job-hopping every two or three years often leads to higher earnings, as companies tend to undervalue existing employees and overvalue new hires. However, switching jobs too frequently (multiple times per year) can make you appear unreliable.
- Economic security isn't about being rich — it's about having enough resources to remove financial stress from relationships and enable focus on what truly matters. In the US specifically, this often requires being in the top 10-20 percent due to healthcare and education costs.
- You can dramatically improve your financial future through consistent, practical steps: save regularly, understand compound interest, diversify investments, live below your means, and start early. While it may seem slow at first, these fundamentals reliably build wealth over time and anyone can learn to implement them.
- And much more...
Full show notes and resources can be found here: jordanharbinger.com/1074
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