On Purpose with Jay Shetty

Scott Galloway: The BIGGEST Money Mistake That’s Keeping You Broke!

350 snips
Feb 17, 2025
Scott Galloway, a professor at NYU Stern and bestselling author, shares his insights on personal finance and success. He discusses the surprising decline in earnings for 30-year-olds and practical strategies to improve financial health. Galloway emphasizes the importance of financial literacy, overcoming mental hurdles, and focusing on talent over passion for achieving wealth. He also highlights the significance of open conversations about money in relationships. The discussion is eye-opening for anyone seeking to take charge of their financial future.
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INSIGHT

Broken Compact

  • Thirty-year-olds earn less than their parents did, marking a societal shift.
  • This is due to policies favoring older generations and asset owners.
ADVICE

Agency and Action

  • Vote for fiscally responsible politicians and advocate for policies that benefit young people.
  • Focus on skill development and build relationships.
ADVICE

Saving Strategies

  • Find ways to generate income, even small amounts.
  • Implement a forced savings plan, like Acorns, to automate saving.
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