Surround Yourself with Honest Critics

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Success and wealth require being surrounded by people who are willing to push back and provide honest feedback, even if it means criticizing your actions. Without individuals who challenge and question your decisions, it is easy to become blind to the impact of your actions on others. Building a circle of individuals who are not afraid to speak up and provide constructive criticism is essential for personal growth and avoiding moral pitfalls. Additionally, the importance of finding something you excel at, managing finances prudently, and maintaining a long-term perspective to attain success and financial stability is highlighted. Ultimately, true success lies in being in the company of others who can offer support and valuable insights.

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.