Achieve Economic Security. Financial EXPERT, Scott Galloway, Explains How to GROW WEALTH at Any Age.

Simple Steps to Get Rich.
Scott Galloway (bestselling author, NYU professor, serial entrepreneur) reveals the UGLY TRUTH about Chasing Your Passion and shares steps we can all take to GET RICH!
In this MUST-WATCH episode for anyone looking to improve their financial stability, Scott exposes shocking truths about economic disparities in the U.S.
He shares how growing up poor shaped his beliefs, why passion shouldn't drive your career choices, the economic implications of GLP-1 drugs like Ozempic, and the sneaky tactics the wealthy use to maintain their status.
Scott Galloway also breaks down:
- Dangers of excessive consumerism and possible solutions
- Necessity to prioritize relationships over chasing wealth
- The true definition of being "rich"
- Societal pressure for excessive spending over social media
- Value of financial discipline and identifying specific economic goals
- Why we are obligated to plan for financial security
- His personal struggles with depression, anger, economic fear, and the trappings of a materialistic world
- Importance of talking about money without fear
Scott's practical advice on achieving financial security, untying your identity from your economic status, aligning goals with realistic expectations, and practical saving and investing tips demonstrate why IT'S NEVER TOO LATE to reduce economic stress.
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CHAPTERS:
0:00 - Intro
5:20 - Obligation for Financial Planning
10:15 - Money Can Buy You Happiness
11:05 - Advice to Young People
14:56 - What's Wrong with Passion
19:58 - Finding Your Niche
23:38 - Economic Fear
31:24 - Dangers of Excessive Consumerism & Possible Solutions
34:54 - The Amazon Effect
38:04 - Forced Savings
44:18 - Aligning Goals with Realistic Expectations
47:20 - How to Start
51:35 - The Best Thing You Can Do in Your 20s
55:30 - The Industrial Food Complex & GLP-1 Drugs
1:12:55 - OUTRO
---
Betterment Disclosure:
As of 4/19/24 for the aggressive Target Income Portfolio. Blended 30-day SEC yield is the weighted average of 30-Day SEC yields (standardized calculation) for each ETF in the portfolio, net of fees (0.25%). Yield is not performance; investment returns may vary; investing involves risk including loss of principal. Betterment, not BlackRock is responsible for its advisory relationships with clients.
---
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Find Scott Galloway:
Twitter: / profgalloway
Instagram: / profgalloway
Scott Galloway's latest book, THE ALGEBRA OF WEALTH: A Simple Formula for Financial Security: a.co/d/dTiNx66
Theme Song Written, Produced, and Performed by Ed Robertson. Mixed by Kenny Luong.
#MayimBialik​​​ #BialikBreakdown #ScottGalloway #Finance #FinancialFreedom #FinancialEducation #FinancialLiteracy #FinancialPlanning #FinancialSuccess #Financial Goals #Financial Independence #Ozempic #GLP1 #Savings #Investing

Пікірлер: 170

  • @kdholden
    @kdholden2 ай бұрын

    It's really jarring to hear someone talk so honestly and non apologetic. I like it.

  • @Mary-Mar
    @Mary-MarАй бұрын

    I've been following Scott for just over a year now. His message has very much inspired me, a 42 year old, single woman, without kids (not exactly his usual demographic). From his podcasts the #1 thing I realized is that I made my hobbies into my career and unfortunately, that hasn't fiscally worked out so well for me, so I'm back in school. I think my new sector is something I can be really good at, and it is one with a 90% employment outlook, so here I go! It's also good to hear that I'm not super old...lol Sure, I have to watch my friends be 20+ years into their careers, and I'm starting over again, but I can only focus on taking care of my future. Good luck to all of us mid-life career changers out there!

  • @JulieHiltbrunner

    @JulieHiltbrunner

    Ай бұрын

    Is it Nursing?

  • @Mary-Mar

    @Mary-Mar

    Ай бұрын

    @@JulieHiltbrunner No, unfortunately. I wish I was patient enough to be a nurse. The US desperately needs nurses. It's Accounting, CPA. I know it's becoming more automated, but the job outlook is still projected to grow due to older CPA retiring from the field.

  • @MayimBialik

    @MayimBialik

    Ай бұрын

    🫶🫶🫶

  • @FarBear-by6rw

    @FarBear-by6rw

    Ай бұрын

    ​@@Mary-Mar girlfriend my friend went back to school at your age for accounting she is a CPA now you can do it!!🎉🎉🎉

  • @moniquemichelle7295

    @moniquemichelle7295

    Ай бұрын

    That’s awesome! Wishing you the best with you pivot. It’s all in the mindset. And his audience is anyone that will listen and receive his message/

  • @Gioli565
    @Gioli5652 ай бұрын

    I love that he said 45 is young. I’m 41 and my husband is 48 and his age has been terrifying me lately.

  • @CarrieV9
    @CarrieV9Ай бұрын

    I recognized the need for financial security in my early 20s. At the time, I was with a boyfriend who changed directions on a whim, was financially stupid and didn’t prioritize “adulting”. If I would have stayed with him, he would have been an anchor on my whole life. As Scott says, choose your partner wisely.

  • @steveparent6906
    @steveparent69062 ай бұрын

    *My experience with trading has been bad lately, bearing significant losses while struggling to hold so called promising projects.*

  • @Josramage

    @Josramage

    2 ай бұрын

    Honestly, ion know much about tradin, but I still make money from it by making the right choice and meeting the right people

  • @moniquemichelle7295
    @moniquemichelle7295Ай бұрын

    You find passion in getting good at something and the OPTIONS it provides. Living life how you want and helping who you want. Mastery makes you passionate about that thing! Brilliant, Prof Galloway!

  • @Kmbrgss
    @Kmbrgss2 ай бұрын

    As a single, 37 year old woman I appreciate this episode immensly. Over the last 2 years I have really started to double down on my financial success journey. My mom is retiring next year and wants to travel. We left our homes last August, bought a travel trailer and decided to live in it until she retires. It taught us to live minimally, how to be more financially responsible and save save save. Before I was living paycheck to paycheck and now I'm saving money every month. An idea becomes a mindset and then a lifestyle.

  • @erineileenj608
    @erineileenj608Ай бұрын

    I'm a single mom without child support and financial literacy is something that has taken me my whole life to learn. I teach my son now, already at age 7, about credit scores and saving. Thank you for this episode!

  • @johnfatorich3494

    @johnfatorich3494

    12 күн бұрын

    Share as much financial information with him as he gets older. Especially the power of compounding interest.

  • @lj9524
    @lj9524Ай бұрын

    “The smartest strategy is to be born to wealthy parents”…great point! 😂

  • @hrhtreeoflife4815

    @hrhtreeoflife4815

    Ай бұрын

    There's 336 million people in America 😮 I think 🤔 they all want that

  • @korkyket
    @korkyket2 ай бұрын

    Start early with diversified investments in stocks, bonds, and real estate. Maximize contributions to tax-advantaged accounts like 401(k)s and IRAs. Regularly review and adjust your strategy to ensure security.

  • @threehoursofsleep

    @threehoursofsleep

    2 ай бұрын

    Successful investment starts with clear goals and risk assessment, often best done with a financial advisor's help

  • @gusforrester

    @gusforrester

    2 ай бұрын

    Sounds interesting. I was planning to invest some few £ in some coins, stack them up and leave them for a few years, but seeing this changed my mindset. Thank you very much

  • @thesearethefables

    @thesearethefables

    2 ай бұрын

    I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $21k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.

  • @tamethetikbalang

    @tamethetikbalang

    2 ай бұрын

    You're right! The very first time I tried, I invested $2000 and after a week, I received $8,200. That really helped us a lot to pay up our bills.

  • @unprocessed_life

    @unprocessed_life

    Ай бұрын

    yesss. since i was 20 i put 1500 a month nito my retirement. at 40, i have 1 milllion and its not even high volatility

  • @jenmurakami6269
    @jenmurakami62692 ай бұрын

    Idk, I'm trying to live on less $, as a minimalist. As a family of 5, we are doing alright on $2,200 a month.He is a great speaker and has great ideas(not trying to down play that.)

  • @hrhtreeoflife4815

    @hrhtreeoflife4815

    Ай бұрын

    In 😂 California, you wouldn't say that!

  • @cynthialeech2507

    @cynthialeech2507

    Ай бұрын

    @@hrhtreeoflife4815 right? Unless you have free housing, $2200 wouldnt even cover my housing nut!

  • @michaelschiemer3
    @michaelschiemer324 күн бұрын

    I wasn't financial free until my 40’s and I’m in my 60s, bought my third house already, earn on a monthly basis via my investment and got 5 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing! Very inspiring! I love this.

  • @derrickholfman2

    @derrickholfman2

    24 күн бұрын

    I hope to own a home one day. not quite long I started investing. I'm very curious already and need help on how to enhance and increase my returns. Any good investment tips will be appreciated.

  • @Dantursi1

    @Dantursi1

    24 күн бұрын

    I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash. I invested the money using an analyst, and in seven months, I raked in almost $673,000

  • @CindyValenti

    @CindyValenti

    24 күн бұрын

    I find your situation fascinating. Would you be willing to suggest a trusted advisor you've worked with?

  • @Dantursi1

    @Dantursi1

    24 күн бұрын

    Her name is “Annette Christine Conte” can't divulge much. Most likely, the internet should have her basic info, you can research if you like

  • @CindyValenti

    @CindyValenti

    24 күн бұрын

    I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

  • @guidofeliz8384
    @guidofeliz83842 ай бұрын

    I am 59 and have no idea when retirement will take place for me. In my younger days, I didn't take life seriously. I have several college degrees but to no avail. I live paycheck to paycheck as a security guard for a contract guard company (an ugly situation). I am also former Navy but again, to no avail.

  • @Tina-bd9et
    @Tina-bd9et2 ай бұрын

    Keep overhead low, smart! - I was old before I learned to drive my Toyota well past the years it was paid off. The shiny new nickel won’t sparkle for long. 🎉

  • @jillmacchitelli6473
    @jillmacchitelli64732 ай бұрын

    I have been searching for my talent my whole life. However I know it’s not in the world of finance. Still, it’s an important topic. Thanks for another interesting discussion.

  • @dawnkoplitz1825
    @dawnkoplitz1825Ай бұрын

    I disagree that people don’t have time to cook. Meals don’t have to be complicated to be healthy and satisfying. I usually cook meat a couple times per week and cook so I’ll have leftovers. I always add a large portion of veggies ( frozen or fresh) and that’s our meal. Keeping the meal simple is key to a fast meal.

  • @tedtalksrock

    @tedtalksrock

    15 күн бұрын

    Yes! This! Steamed broccoli takes 5 minutes. You can sautee a piece of chicken or salmon in less that ten minutes.

  • @terryharris1291

    @terryharris1291

    14 күн бұрын

    A slow cooker is and easy way to cook meals for a few days and some for the freezer etc.

  • @1Naenie1
    @1Naenie1Ай бұрын

    I grew up poor, but now I am in the top 10% of yearly income class in my area. I reached the point where I feel that more money isn't doing anything for me. But since I am living in a "social capitalism," my tax rate raises with my income, and I am happy with that. ( 42% tax rate) I kind of made it, but I don't want people to use me as an example to tell poor children it is just up to them. Because it isn't. I worked hard, and I am not entirely stupid, but I was just at the right time at the right place. My father died of cancer when I was a child. This happened not in the USA but in a country with real health care insurance and education. I had access to everything I needed to achieve success. Others aren't as lucky!

  • @vicricciuti4690
    @vicricciuti46902 ай бұрын

    By the way, there’s no guarantee that any of us are gonna live long enough to retire so planning and worrying your whole life about having a comfortable death or comfortable retirement is sort of a joyless attitude that misses the point about living a good life.

  • @curtisrobinson7962

    @curtisrobinson7962

    Ай бұрын

    I have 3 months of savings in the bank. If I get fired I can relax knowing I am not going to starve or rely on credit cards. Ah. Feels good.

  • @MarcioSouza1

    @MarcioSouza1

    Ай бұрын

    Gotta find a balance between some planning and delayed gratification but not too much. The answer can’t be to not think/plan about this at all.

  • @kathysutter6968
    @kathysutter69682 ай бұрын

    McDonald's isn't affordable anymore

  • @KATHYSLUITER
    @KATHYSLUITER2 ай бұрын

    OUCH OUCH OUCH! I'm going to write down everything I spend money on for the month and see where I can cut and save.

  • @kazkim9152
    @kazkim9152Ай бұрын

    Oh my gawsh... Manicures!! I've never had my nails done professionally but knew they weren't cheap. Then, about 10 years ago, I learned women regularly get manicures every few weeks! Still stunned by that realization.

  • @shraddhajadhav5945

    @shraddhajadhav5945

    Ай бұрын

    What's the context? I haven't finished the video yet, can you tell?

  • @tracyaf6084

    @tracyaf6084

    Ай бұрын

    I do my own nails at home. There are so many KZread videos and if you practice, you get good. I do spend too much on new polishes but that’s a hobby now that bring me joy 😂

  • @kazkim9152

    @kazkim9152

    Ай бұрын

    ​@@tracyaf6084Your way is much more affordable, even with $60 Hermès bottles. Enjoy your hobby!

  • @rachelheath1208
    @rachelheath1208Ай бұрын

    It was serendipity my kids commute time to school was literally five minutes down the road at the local school ! The investment was in After school Play nourishment sleep time. Easily achievable as we were not exhausted from travel. Although we live on the poverty line. ( due to my circumstances) Three kids that have grown into adults are viable functional members of society.! forging their own paths now, With the realisation of teamwork in personal relationships. I will be sitting down with them to listen to this podcast. When it comes to finance I have been so ignorant. But graciously blessed with a life worth living through sharing caring in all the ups and downs in a loving family, + supportive community network.

  • @lj9524
    @lj9524Ай бұрын

    Interesting topic and perspective. As younger generations are not aware of the Great Depression of the 1930s in America the emphasis of “saving for a rainy day” is not evident. Children are given too much stuff and too many vacations. Just saying….👏

  • @groomergirl6642
    @groomergirl66422 ай бұрын

    Hey now ma'am. I keep my nails done and drink more coffee than anything 😂. Hear me out though. I own a dog grooming salon and the thicker nails help me with (gross) stuff like getting eye boogers or picking out hitchhikers (little sticky balls in some tall grass). Plus, its usually the only girlie thing I do regularly that makes me feel cute. I did switch to making my coffee at home rather than getting it other places and saved like $1200 last year. Thank you for this episode. While this guy says things that aren't necessarily fun, it does make sense.

  • @amitjain3323
    @amitjain3323Ай бұрын

    What professor G is saying is 100% true. I wish I had known this as soon as I graduated from college and I would have saved a lot and should not have kids as I haven’t created a great future for my kids by being super poor despite having a college degree

  • @marisamartinezolivera
    @marisamartinezolivera2 ай бұрын

    Financial security is a balm that cures anxiety…

  • @moniquemichelle7295

    @moniquemichelle7295

    Ай бұрын

    YES!

  • @BodyByBenSLC
    @BodyByBenSLC2 ай бұрын

    How to start section is really good. Also have a emergency fund $1000 $2000 $3000. Because an emergency can throw monkey wrench in it all.

  • @ohdeerdesign1387
    @ohdeerdesign13872 ай бұрын

    So as a 65.5 yr old single woman - is there no hope left in being financially secure?

  • @Asta2121

    @Asta2121

    23 күн бұрын

    I am with you there and I am disabled!?!?

  • @vicricciuti4690
    @vicricciuti46902 ай бұрын

    Scott made a lot of good points. He may have left something out - I keep thinking he’s flying around on his private jet while his 94-year-old father is collecting quarters from washing machines. Somethings must be missing.

  • @MarcioSouza1

    @MarcioSouza1

    Ай бұрын

    He talked about taking care for his father, and seems genuine. I’d assume he does help out

  • @freedomlife3623

    @freedomlife3623

    14 күн бұрын

    Maybe his father get more satisfying and self worth to be able to support himself on his own terms. We are all adults, should be responsible for our own future and action.

  • @Ohsirruh
    @OhsirruhАй бұрын

    Right when you were talking about coffee, an advert came on about coffee. 😂 it cracked me up. Synchronicity at its best. Great show! Thank you two for putting out great content.

  • @suzannemontgomery2451
    @suzannemontgomery24512 ай бұрын

    I don't understand how a family of 5 can afford haircuts every month. I am so glad I am able to cut hair for my family.

  • @josborne7320

    @josborne7320

    Ай бұрын

    Every month??

  • @lisilein2

    @lisilein2

    Ай бұрын

    By living in Europe and not being exploited by an ultra capitalistic society. At least for now.

  • @coppersense999

    @coppersense999

    Ай бұрын

    ​@lisilein2 that is my goal. Get off this sinking ship of a country.

  • @Tamar-sz8ox

    @Tamar-sz8ox

    Ай бұрын

    If I had 5 kids , I would give the boys “ buzz cuts “ and the girls would have long hair tied back 😂 We have one child ❤

  • @BeckyE84

    @BeckyE84

    2 сағат бұрын

    We are a family of 5. The simple answer is we don't, lol. The girls keep their hair shoulder length and wear ponytails (including me). We trim With scissors. husband is balding and shaves his head. Son get his hair cut at home by dad and a buzz trimmer, usually. We do get him a hair cut occasionally at the salon.

  • @marlenefeliciano9774
    @marlenefeliciano9774Ай бұрын

    I really liked this episode. I have a kid going to college and I have been doing the financial organization for years. Now that is a reality I have cut down even more. I stopped sodas when i became a single mom. I remarried and the only one that drinks soda or coffee is my husband. I still consider both a waste of money. Now I have decided to not buy lunch and bring apple and healthy peanut butter for lunch. My kid will have a dorm with a full kitchen and they know that they need to cook dinner (meals provided are limited because they can cook) and they like the idea because they grew up cooking because eating out was not affordable as a single mom. Teach your kids and hope for the best.

  • @gatheredupinthegloom
    @gatheredupinthegloomАй бұрын

    So depressing. So many of us are so screwed. Having never been okay because of sustained trauma, I finally am well enough to see a future but I'm in my 50s because cptsd and dissociative disorders didn't give me much chance to anything but spend decades focusing on getting well and now I wonder how bad it's going to be to get old, and what was the point.

  • @danastonerock
    @danastonerockАй бұрын

    Man, i wish i had this guy's confidence and way of speaking . Very interesting to listen to. ❤

  • @cayceesmith2650
    @cayceesmith26502 ай бұрын

    I live in central South Dakota. Any advice on what industry to go into in this region?? I've got lots of skills and a drive to work hard, but there's seemingly few opportunities. Maybe I'm overlooking opportunities. (Not good with technology) Best at art, carpentry, ranching, banner printing, very organized, creative problem solving, lots of manual labor skills. Any advice would be extremely appreciated!!

  • @barbbrazes869
    @barbbrazes8692 ай бұрын

    Excellent interview!! Appreciate you, Mayim!!❤

  • @MayimBialik

    @MayimBialik

    2 ай бұрын

    🫶🧠

  • @marydroppa5415
    @marydroppa54152 ай бұрын

    I treated myself to a pedicure and a gel manicure just before a vacation and I was shocked at the cost w/tip cost $105. That took the joy right away from me. I should of did it myself at home.

  • @rosemarydoran9907

    @rosemarydoran9907

    2 ай бұрын

    My friend and I go to a local beauty school for spa pedicures every 6 weeks. We buy discounted gift cards during their Christmas sale and go for appointments on senior discount days. (20% off pedicure paid for with a gift card bought at 20% off).

  • @samsmulders7908
    @samsmulders79082 ай бұрын

    This episode is really interesting! Thank you for talking about this topic! I learned so much from this!

  • @MayimBialik

    @MayimBialik

    2 ай бұрын

    Glad you found it interesting! Thanks for sharing and for being here 🫶🧠

  • @Whatup-rg4wt
    @Whatup-rg4wt2 ай бұрын

    Wow. Just wow i have learned so much from this episode thank you for taking the time to talk about this subject ♥

  • @mariesheppard1323
    @mariesheppard1323Ай бұрын

    Only a rich person would say a million is not alot of money...

  • @SB-xw2pr

    @SB-xw2pr

    29 күн бұрын

    He's right though unfortunately.

  • @kyleolson9636

    @kyleolson9636

    27 күн бұрын

    It's all context. $5k in my wallet is a lot of money. But the same amount in my 401k isn't much. $1 million of investable assets at 40 is a lot of money. The same amount at retirement isn't much.

  • @freedomlife3623
    @freedomlife362314 күн бұрын

    I agree with you Scott, make saving automatic to achieve financial independent. We also realized we want less when you are financially secure. I have been having my paycheque deducted for saving for last 20 years along with my employer’s matching, then I can spend whatever left in my checking account to experience life. Now we are financially independent, we are content & often amazed to find out we don’t want to buy much at all. It’s a great feeling of content and secure. No need to compare & pumping one’s chest.

  • @robinandersen4181
    @robinandersen41812 ай бұрын

    How does one understand what they are good at. I grew up in a time where homemaking was the career. I raised children and now an empty-nester who does not have a solid work history or had the time to invest to find a talent. Are there test out there to help guide this? Also, we call pop POISON WATER in our house.

  • @matthewnepa

    @matthewnepa

    Ай бұрын

    I call it diabetes water!

  • @oweunuffin2252

    @oweunuffin2252

    Ай бұрын

    Same here I'm looking at continuing education courses at the tech college. Inexpensive and for people like us. Just to go somewhere,be with adults, learn things feels amazing. Good luck❤

  • @casualsuede
    @casualsuedeАй бұрын

    If you had the government deposit $10K at the date of your birth, (with half of it being paid back through taxes by the parents over 10 years) that cannot be touched until you turned 70 and it grew at 6% (8% - 2% inflation), you'd have $650,000 by 70, without you investing one more cent. This could easily be paid for by lowering the corporate payroll tax from 6.2% to 4%. This would also result in a 6.2% tax cut to existing taxpayers. For the rest of us, who are already in the workforce, we'd have to be pro-rated over our worklife (expect less in SS but get also pay less payroll tax). It isn't going to be easy but we need to change our way of government or we're all gonna be broke.

  • @cathyray6030
    @cathyray60302 ай бұрын

    Thank you! I hope all the young people took notes! 🙏🙂

  • @Pat_laura22
    @Pat_laura2217 күн бұрын

    These are very valuable rules for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $89k now to put in the market.

  • @geraldhoward6351

    @geraldhoward6351

    17 күн бұрын

    Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $21k ROI, and this does not include capital gain.

  • @Millerj2450

    @Millerj2450

    17 күн бұрын

    Would you mind telling me how to contact this specific coach using their service? You seem to have the solution, as opposed to the rest of us.

  • @geraldhoward6351

    @geraldhoward6351

    17 күн бұрын

    Iynne Marie Stella, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

  • @Harris_j1

    @Harris_j1

    17 күн бұрын

    She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

  • @alanreynoldson3913
    @alanreynoldson39136 күн бұрын

    $6.50 cup of coffee astounds me too! Everyday! $180.00 per month. $2,200 per year. Assuming only 1 cup each day. Don't forget to include the time and gas spend sitting in line.

  • @micaely880
    @micaely880Ай бұрын

    21:06 what a valuable way of sharing life experience!!!

  • @sherrylewis6932
    @sherrylewis6932Ай бұрын

    Loved this show! I want my adult kids to watch it. Speaking to your post show comments about affordable food. When my youngest was 20ish, and complained that he could only afford cheap Taco Bell, I took him to the grocery store to find how much 'cheap food' we could find. Meals around $1.00 or so. (15 years ago, so today it would be between $3.00-$5.00) There was a lot! From baked potatoes (or boiled or fried) to spaghetti (& other pastas), dried bean, rice.Apples & Bananas are cheaper than candy bars. Yes, it takes some planning and set up to have systems in place to make it work, but it's no more effort and energy than not doing it and last minute rush & pick up. Cooking at home can be as fast as picking something up. At a fraction of the price. As my friend calls some meals, 'a parade of cans and boxes' is also cheaper and healthier. So add butter, salt & garlic to the lentils & rice. Make it good. Top it with cheese.

  • @paulaooook
    @paulaooookАй бұрын

    Finally here comes the Scott Galloway wave! Did you get a new agent? You’re everywhere!🎉

  • @mj6866
    @mj686621 күн бұрын

    I recently read The Algebra of Wealth. It's one of greatest book I ever read. I wish I had that knowledge when I was 20 years old.

  • @LaurieLaurie-sf3nc
    @LaurieLaurie-sf3ncАй бұрын

    Wowza, such a great episode!! I think this should be taught in school, from early grades right on up through high school! I'm 60 and have NO education on index funds etc. I contributed to a 403B for 20 years and it's worth crap! The "retirement representative" would hold office hours 1 day a month 8f you needed to meet with them. I did what they told me and that's why my retirement is crap. Btw Mayim, I agree 💯 with you about the ridiculous manicures & pedicures! Add in the cost of a hair stylist and those professions are making more than nurses and they're NOT saving human lives 🤯 The $10 Starbucks coffee has & always be asinine. It's all a status symbol.

  • @tracyaf6084

    @tracyaf6084

    Ай бұрын

    😂I’m a nurse and going to my hairstylist today. She’s not cheap but she deserves it. She’s in an industry where she has no security. I am happy with my salary as a nurse.

  • @FaunaFloraFae
    @FaunaFloraFaeАй бұрын

    But wait… I wear tie dye and bark at the moon 😅.

  • @MayimBialik

    @MayimBialik

    Ай бұрын

    🌕🐺

  • @orland0110
    @orland01102 ай бұрын

    Thank you so much for posting this really interesting episode with Scott Galloway! I really enjoy watching this podcast, Mayim! ❤

  • @threetreesfarm
    @threetreesfarmАй бұрын

    This is a great episode. Love that it has practical application

  • @MayimBialik

    @MayimBialik

    Ай бұрын

    Thanks for sharing and for being here! 🧠🫶

  • @GrahamCLester
    @GrahamCLesterАй бұрын

    Lots of good advice. I am 63 and I have failed spectacularly as far as career and income are concerned, earning next to nothing. Yet, I did two things right: I bought Vanguard Index Funds and I refinanced my mortgage to pay it off early. Now, I find myself in a fairly good position, around about the national median I would say, in spite of decades of utter and complete failure! And I am a lot happier than Elon Musk or Donald Trump.

  • @tomlichnofsky.7048
    @tomlichnofsky.7048Ай бұрын

    The Breakdown Always Delivers!! 👍😊👌 Awesomeness! 👊😎✊🍁

  • @MayimBialik

    @MayimBialik

    Ай бұрын

    🥹🤯

  • @m_brokenleg
    @m_brokenleg2 ай бұрын

    I may be a weirdo..but at home, with hubby, even with son and daughter-in-law, talking about money is our dinners motto..

  • @sarahsunsetpark
    @sarahsunsetpark26 күн бұрын

    Marylin, great discussion with Scott Galloway. by the way, just this week they say Ozempic may cause permanent vision loss so that’s a side effect that no one saw coming.

  • @drumsticknuggets5123
    @drumsticknuggets5123Ай бұрын

    Blossom is 48? Love the podcast- glad i found it.

  • @MayimBialik

    @MayimBialik

    Ай бұрын

    Glad you found us!! 🧠🫶

  • @tracyaf6084
    @tracyaf6084Ай бұрын

    What an interesting guest. I’d love to see this topic explored more. How money affects relationships is interesting

  • @user-ju1qd3ok2g
    @user-ju1qd3ok2g20 күн бұрын

    I'm from Norway. A population like New Jersey and size like Texas. [ the Distance between Southern and Northern edges of the country is similar to New York - Miami. Love your comment about Norway and socialism. Just a fotnote, we are the ones without state debt and we have the largest sovereign fund in the world even bigger than Saudia Arabia.. and still average people in Sweden and Denmark are better or equally well off. And Finland has better schools and are more happy. Saudia and Quatar has Gold toilets and own the largest European Soccer Clubs. Switzerland and Luxembourg are richer than us. So ? Maybe, just maybe, the Norwegian State stole our money?

  • @jenax7557
    @jenax7557Ай бұрын

    Amen on the mani and pedi comment!🙌🏻! I agree with you😊

  • @pausimone2391
    @pausimone2391Ай бұрын

    Loved this episode, his reasoning is great

  • @vilmavanoverbeck1188
    @vilmavanoverbeck1188Ай бұрын

    Thank you guys . You may want to have a program for 60 plus and their struggles trying to survive with an SS $1,000 check in 2024

  • @oftheFence
    @oftheFence2 ай бұрын

    Love this!

  • @darkinfini
    @darkinfiniАй бұрын

    Hello Mayim I am an autistic person (Asperge) and still watching TBBT serie. I found me a lot in Sheldon and would know how do you think about autistic person in the actual society. Honestly, I always think I am an alien in an strange world.

  • @carolgeorge6409

    @carolgeorge6409

    Ай бұрын

    @darken♥️🙏

  • @Thehennies
    @Thehennies2 ай бұрын

    Great episode ❤

  • @MayimBialik

    @MayimBialik

    2 ай бұрын

    🥹🤯

  • @altaresjoyceee
    @altaresjoyceee2 ай бұрын

    Just finished listening to this on Spotify, will watch this now. I really needed this one! Currently struggling with my finances recently 😢 Thank you for this great ep, MBB! ❤

  • @ashleybeasley5429
    @ashleybeasley54292 ай бұрын

    Mayim, i grew up poor, so after the military and college (my son was in 5th grade when he saw me submit my final paper and cried with me). Nevertheless, i taught him how to shop at thrift stores(it's not foreign made, it's recycled), but if I need to, yes, buy new. My son never got a phone until he had a job, but but my son learned how to use ipad as a phone. My son learned if i want, i need to figure it out! At 23 he is a little maguiver and owned a home at 19. The weight issue is complicated for gut flora, think how we ate in 80s, activity issues. I have gone up to extreme weight to "normal weight" twice over, my last cycle was due to college in 30s. Harmonal issues. When i was in my last year of military and i was at an affluent church in CA in early 2000s and seeing the patrons in the whole foods store afterwards and i was like we were sold a huge bag of goods.

  • @oweunuffin2252
    @oweunuffin2252Ай бұрын

    This guy talks truth

  • @ralphadams9113
    @ralphadams9113Ай бұрын

    I was obese as a child and it marked me for life. Even today, 50 years later, I am mildly obese, drink too much, and suffer from bouts depression and low self-esteem, not to mention hypertension and high triglycerides.

  • @Grow.YT.Views.522
    @Grow.YT.Views.5222 ай бұрын

    great video, best of luck!❤️

  • @MayimBialik

    @MayimBialik

    2 ай бұрын

    🫶🧠

  • @wendyhurd
    @wendyhurdАй бұрын

    Awesome episode!!

  • @jwb52z9
    @jwb52z9Ай бұрын

    Another thing I find interesting about rich people saying they spend money on experiences is that, when you're able-bodied, that makes sense. When you're disabled, many times that means experience isn't an option in quite the way rich people mean it. No one literally needs "endless stuff", so to speak. The question that I wonder if Mr. Galloway can answer, and I suspect able-bodied people really don't generally think about it. is since disabled people with medical needs are legally kept from engaging in the system, since I hope Mr. Galloway would agree that risking death is not acceptable, what is in it for us in the first place?

  • @Tina-bd9et
    @Tina-bd9et2 ай бұрын

    How can it not start with gratitude and belief in God? If you’re grateful for intelligence that led to wealth and a comfortable life - without God - where is the gratitude directed? 🤠♥️ That being said - trust - I believe he is absolutely correct about forced savings. 💭

  • @academicknowhow1816
    @academicknowhow1816Ай бұрын

    "the reality is that money can buy you happiness" omg, I always suspect it is true but everyone kept telling me that I am crazy for working hard, and it won't make me happy.

  • @GhidorahGod
    @GhidorahGod2 ай бұрын

    cant wait to start this episode!

  • @vilmavanoverbeck1188
    @vilmavanoverbeck1188Ай бұрын

    I cut my own hair. $32 plus tips. I do my own manicure and pedi. The pedi happens because I'm Not fat, and I can actually touch my toes. It pays to be skinny. I don't buy beef, sodas, cereal etc. I cook my meals, freeze them for the whole week. Even like that is a struggle. At 61, with barely investments but my home. No mortgage. I do drive Uber, I do deliver food in Spark. That money helps for the bills. Is no shame on that. Just for the hustlers out there, the money that you can make in uber or spark, is the money that you can use to invest.

  • @lisablackmon3251
    @lisablackmon3251Ай бұрын

    Interesting perspective

  • @nikiroberts6052
    @nikiroberts6052Ай бұрын

    First: GLP 1s may be the newest and best technology, but unless you're named Oprah, chances are slim of getting your hands on them. And insurance isn't likely to cover them for obesity because, as Scott mentioned, there is a lot of money to be made from obesity! Second: At 1:02:48, it's mentioned that fast food is cheaper than going to the grocery store. While this may have been true in the past, it's no longer the case. Recently, when I needed a quick meal on the go, I went to McD, and a basic 2 cheeseburger combo (including fries and a drink) cost $12.00! $12.00, y'all! Just for myself. If you're a single mom with three kids, that same meal would cost you $48. So, no, fast food isn't cheaper.

  • @guidofeliz8384
    @guidofeliz83842 ай бұрын

    More and more people live the paycheck to paycheck lifestyle across the United States. They work for 20 plus years and at the end of the road, they are no better than they were financially 20 plus years ago.

  • @kevinwhite577
    @kevinwhite577Ай бұрын

    I applied for a loan online to pay off high interest credit cards. Amount asked $1000 . They asked for my ABA number which is no problem it’s a public record. But then they asked my account number. Should I give it?

  • @MsGenXodus
    @MsGenXodus2 ай бұрын

    This is such a depressing episode. It makes me fantasize about the earth getting hit by a gigantic meteorite.

  • @sarahhartman5723
    @sarahhartman5723Ай бұрын

    Don’t think he is wrong but it still bummed me out.

  • @miliesomethingdo4379
    @miliesomethingdo43792 ай бұрын

    Yeah, no I want to be a good person and stable. But not wealthy…

  • @coppersense999
    @coppersense999Ай бұрын

    51:50 He is absolutely correct and I appreciats his honesty and altruism. His numbers make him sound out of touch with reality. "Most people dont save $100 a month" because we literally dont have it. Im soblazy and spoiled, silly me, it is 100% my choice and my fault i am overworked and underpaid and fully 80% of my income goes to rent. Lucky for me I have a car, so I can live out of that and save that rent money, put it into high‐yield savings accounts. Relationships and good health are all that matter, but they are luxuries along with housing. I am telling you we are not making it out here. The crushing wave of economic destruction that Amdrew Yang predicted is roaring full force ahead and all I got is faith and a prayer as a life preserver. Hope I can breathe underwater.

  • @kyoono1771
    @kyoono177127 күн бұрын

    Great content❤❤❤

  • @josepadilla-bx4jl
    @josepadilla-bx4jl2 ай бұрын

    Wonderful podcast mayim

  • @Bjenet741
    @Bjenet741Ай бұрын

    I think that financial security should be included in some kind of school in general, which there is not. cute mayim with glasses.🙂

  • @jakesassoon4270
    @jakesassoon42702 ай бұрын

    can you get nolan gould on here?

  • @jwb52z9
    @jwb52z9Ай бұрын

    What do you do if you're literally not good at anything humans still do that's a job? The only things I can do well are things humans don't do anymore or aren't actually jobs. It's even worse in a capitalist society when you're disabled, and the government says you can't have an income without losing healthcare that you need but would never live long enough to have the money to replace the government help without risking death. Short of a medical and economic proverbial miracle, a capitalist society, as the US does it, screws everyone like me.

  • @dosesandmimoses
    @dosesandmimosesАй бұрын

    Nice misfits reference

  • @rshangrila
    @rshangrilaАй бұрын

    I spent a fortune putting my stepdaughter through Lakeside School (Bill Gates and Steve Balmer's alma mater.) She went on to attend a party school in Eastern Washington and is now a bank teller.

  • @tracyaf6084

    @tracyaf6084

    Ай бұрын

    Hopefully she’s happy in her life

  • @dylanfgarrison
    @dylanfgarrisonАй бұрын

    The McDonald’s in a hospital is because that hospital more than likely has a Ronald McDonald house component to it. If you’re not aware, Ronald McDonald house is a charity that essentially builds a hotel inside of a hospital for people visiting children in the hospital. Our son was in the hospital for the first five months of this life and we have a lot of experience with it. It’s a great organization. But, that hospital also had a McDonald’s in it. The hospital makes a deal with the devil to get the resources of Ronald McDonald house.

  • @julianroccopesa3491
    @julianroccopesa34912 ай бұрын

    ❤❤❤❤, Ty 💯✌️🙏❤️🕯️🎈🌻😊

  • @javanjunkindahouse6625
    @javanjunkindahouse66252 ай бұрын

    Oh this is going to be interesting

  • @katherenewedic8076
    @katherenewedic8076Ай бұрын

    can't relate. always paid 50-75% of income on rent. oh well, someone has to clean up the mess left behind by the people who fly free at the expense of others to maintain a life of "experiences" . this guys voice is pretentious and talks some canned B.S.

  • @hrhtreeoflife4815

    @hrhtreeoflife4815

    Ай бұрын

    Indeed. If you're living in O.C. 😂 and L.A. And you're only paying 50%-75% on rent, you're doing awesome right now No joke!

  • @Moon-lt5bi
    @Moon-lt5biАй бұрын

    I did not agree with some of Scott’s advice. For instance, the idea that a side hustle means you need to change your main hustle. Some people like multiple streams of income and thrive in variety. And many side hustles have become people’s main hustle over time. One size does not fit all.

  • @altaresjoyceee
    @altaresjoyceee2 ай бұрын

    FIRST ❤❤❤

  • @hp6964
    @hp6964Ай бұрын

    Tbh, I have the urge to just tell my kids whenever they get to the age that they want what everyone else has that the other kids and parents are idiots and if they give them crap, that only proves it more. It may be survival instinct on some level to wanna be like other people but I’ve always completely rejected that, even before it was “cool” to be alternative. I grew up in a very superficial family so I saw firsthand just how fake and plastic everyone and everything can be. Our parents/grandparents also didn’t have 1400$ IPhones in their hands so of course it’s even more expensive now to survive with all the crap that’s being bought like that. If anyone comes for me for what I said also, I’ve seen kids cry horribly because of how awful and brainwashed the other kids and families are so I don’t really care what you think. It’s 2024, bullying people because of classism should be out by now

  • @hp6964

    @hp6964

    Ай бұрын

    Not only that but people who have nice flashy things, are usually in debt and that’s not something I want my kids to be okay with even at an early age. Real wealth has nothing to do with nice things and expensive houses/cars

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