Successful How To No Longer Worry About MONEY!
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Aug 24, 2025 
Scott Galloway, a renowned Professor of Marketing at NYU and a sharp commentator on the digital economy, dives deep into financial well-being. He redefines wealth, suggesting that true richness lies in a fulfilling life rather than mere accumulation of money. Galloway stresses the importance of financial literacy and disciplined spending. He also shares insights on strategic investments from a young age to build security and discusses how character and relationships significantly influence long-term financial success.
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Passive Income Defines Rich
- Scott Galloway defines "rich" as when your passive income exceeds your burn and stresses the math behind it.
- He urges early financial literacy and calculating how much to save into low-cost index funds.
High Income, Working Poor
- Galloway describes a friend earning millions yet living "working poor" due to high spending and obligations.
- The story illustrates that high income without savings can create enormous stress and instability.
Dad's Quiet Financial Security
- Galloway shares his father's passive income from a Navy pension, Social Security, and coin-operated laundry.
- His dad spends less than he earns and is therefore "rich" by the passive-income-over-burn definition.