The speaker reflects on a time when he had to save money to afford college, leading him and his friends to gamify their spending. He highlights the challenge of saving money in today's society and how people quickly spend any extra income they receive. The speaker warns against lifestyle creep, emphasizing the significance of saving and not surrendering control of our lives to excessive spending.
Scott Galloway is a podcaster, bestselling author, and professor of marketing at NYU. He's irreverent, cocky, brutally honest, and surprisingly humble. He's also wildly successful — and he doesn't care who knows it. In fact, he thinks more rich people should talk about their success. That's why he wrote his new book, "The Algebra of Wealth." "It's almost like a letter to myself when I was younger," he tells Rufus in today's episode, which was recorded live in New York City, "the mistakes I made, some of the things I did right, some of the things I did wrong." Tune in to learn how to build your savings muscle, why you should avoid stock picking, Scott's favorite ETF, whether it's better to be an entrepreneur or a company man, and more.