The Algebra of Wealth | The Prof G Show

Published 2021-02-15
On this episode of the Prof G Show, Scott Galloway ponders one of everyone's favorite questions: how do you get rich?

0:00 Let's Level Set
1:08 The Algebra of Wealth
1:19 Focus & Opportunity
3:23 Stoicism
4:47 Investing vs Consumption
6:59 Time (Friend or Foe?)
7:40 Diversification (Your Safety Net)
9:28 In Summary...

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All Comments (21)
  • @Raymondjohn2
    The market trend can turn around very quickly. In fact, the indexes often switch from a bear market to a bull market when the news is at its worst and the mood of investors is at its lowest point. I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
  • It is happening folks, the future of work is being redesigned. Yes, More tech companies wants to fire more workers from next week: "The third wave is going to happen next week. That affects everybody in the biz teams, including in my organization. It's just a time of great anxiety and uncertainty" Says Meta President.
  • @leondonald
    Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
  • I have to say that the first $100k is the toughest, it'll surprise you how easy it gets from there, i'm speaking from experience my wife and i managed to save it, we could have spent it on a lot of things i mean we could have gone on vacations but we didn't and funny enough didn't really start seriously investing until I was 30 back in 1998. Today, I'm 53 and have a decent $1.2M nest egg. After learning all of this, my only regret is not starting earlier when I was 25. It may not seem like much but those extra 5 years are the most important.
  • I am new to investing, I’m 30 and have been working in customer service/ retail over the last 14 years and haven’t gotten anywhere in life, this video has been a big eye opener as I have been learning about investing over the last 2 months. I am tired of feeling like I’ve been getting nowhere when I’m a very intelligent and hard working individual.
  • @Shultz4334
    I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $750k. I want to know: Do I keep contributing to my stock portfolio in these unstable markets, or do I look into alternative sectors?
  • @genavazquez2943
    Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market
  • Thanks for this amazing information !! If you don't find a means of multiplying money, you will wake up one day to realise that the money you thought you had, has finished. Investment is key, I pray that anyone who reads this will be successful in life
  • @NormanGhali
    I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
  • @Rnankn
    Fuck me, this is sheer genius. The intellectual honesty here is magnanimous.
  • Successful people don't become that way overnight. What most people see at a glance- wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..
  • @richiemello3447
    The value on these clips is like a lifetime worth of averted risks. Insane.
  • @roseroland1998
    I started stacking to SAVE wealth. I've always been the type of person to spend my entire paycheck. I hate having money just sit in the bank. I am under pressure to grow my reserve of $950k. before I turn 60, I would appreciate any advice on potential investments.
  • @antikoerper256
    Professor if you're reading this, I came across your most recent TED talk a week ago and Ive been on a binge of your videos and advices and I just want to say - THANK YOU! Stay well and God bless for all the advice! Much love and respect from Bulgaria!
  • @velayuthman
    I've been diligently working, saving, and investing toward financial independence and early retirement, but the economy since the pandemic has eaten up the majority of my $3 million portfolio. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?
  • @JosephineGaule
    Money makes you more of what you already are as Dave Ramsey says. But money and having plenty of it takes one huge stress out of your world. Especially when your money is working as you sleep and pours in no matter what on a monthly basis. My passive income is much more then what I need and I literally have to reinvest it and at least 30-40 % on a monthly basis. I saved hard when I was young I worked as much o.t. When I was young to save. Then once I learned how to actually invest wow that change my life. Now it’s like a snowball that can’t be stopped no matter what mr market does thanks to my FA Emily Lois Parker.
  • @Steve_K2
    I'm 77, US Army retired, meaning I've been around the block at least once, and have been studying investing for 30 years now. This video is priceless ... for those young few who will understand and follow it. Self discipline, was that mentioned?
  • @kchal0
    As a black man coming from poverty and hitting a 7 figure net worth at age 27. I would add discipline to your list. Probably relates closest to focus but that I feel like is what got me to where I am today. Delayed gratification goes a long way but also luck will always play a role. Being in the right place at the right time. edit as I posted this he mentioned discipline 😅