1 00:00:00,000 --> 00:00:03,040 Hey everyone, welcome back to another deep dive with me and... 2 00:00:03,040 --> 00:00:04,440 Yeah, let's get right into it. 3 00:00:04,440 --> 00:00:08,040 Okay, so today we're going to be talking all about Sky Galloway. 4 00:00:09,040 --> 00:00:12,920 Yes, one of my favorite business and tech experts. 5 00:00:13,040 --> 00:00:15,720 He's kind of got that like blunt honesty thing going on. 6 00:00:15,760 --> 00:00:19,280 Yeah, he's not afraid to kind of like ruffle some feathers. 7 00:00:19,560 --> 00:00:21,080 And tell it like it is. 8 00:00:21,080 --> 00:00:23,120 Exactly. And that's what we're going to get into today. 9 00:00:23,160 --> 00:00:26,240 We're looking specifically at an interview that he did. 10 00:00:26,280 --> 00:00:29,280 On the diary of a CEO YouTube channel. 11 00:00:29,280 --> 00:00:30,800 So we're not looking at his books. 12 00:00:30,800 --> 00:00:32,000 We're not looking at articles. 13 00:00:32,000 --> 00:00:34,000 We wanted to go to like the source material. 14 00:00:34,040 --> 00:00:36,200 Like just him talking to another person. 15 00:00:36,240 --> 00:00:37,840 And it was a really great interview. 16 00:00:37,840 --> 00:00:39,080 Yeah, super interesting. 17 00:00:39,800 --> 00:00:42,840 One of the things I think that stood out to me was how open he was 18 00:00:43,000 --> 00:00:45,520 about his own like struggles and setbacks. 19 00:00:45,520 --> 00:00:48,880 Yeah, like even as a multi-millionaire today, he's very open about 20 00:00:48,920 --> 00:00:51,320 the fact that he's made mistakes, big mistakes sometimes. 21 00:00:51,320 --> 00:00:52,840 Yeah, so let's dive right in. 22 00:00:53,720 --> 00:00:57,880 One of the big things that he talks about is this idea of the algebra of wealth. 23 00:00:57,880 --> 00:01:00,440 OK, so is it like a literal equation? 24 00:01:00,480 --> 00:01:01,800 Yeah, no, not really. 25 00:01:01,800 --> 00:01:05,880 I mean, he kind of uses the word algebra metaphorically to talk about this 26 00:01:05,880 --> 00:01:08,440 like framework for achieving financial security. 27 00:01:09,000 --> 00:01:12,880 And it's really about like these key principles that anyone can apply. 28 00:01:13,320 --> 00:01:15,200 OK, so what are these principles? 29 00:01:15,240 --> 00:01:18,400 So he really emphasizes like three core things. 30 00:01:18,920 --> 00:01:22,400 You know, secure a stable, high paying career. 31 00:01:22,600 --> 00:01:23,240 Makes sense. 32 00:01:23,240 --> 00:01:26,600 You need to cultivate discipline in your spending habits. 33 00:01:26,600 --> 00:01:28,520 And that's probably the hardest part for most people. 34 00:01:28,520 --> 00:01:33,160 Yeah, I mean, we're all bombarded by, you know, advertisements and the temptation to spend. 35 00:01:33,200 --> 00:01:33,760 Oh, yeah. 36 00:01:33,800 --> 00:01:36,520 But the third part is really where the magic happens. 37 00:01:36,560 --> 00:01:40,320 And that's letting the magic of compounding work its wonders over time. 38 00:01:40,360 --> 00:01:43,360 OK, so this is something that we've talked about a lot on the show. 39 00:01:43,400 --> 00:01:44,600 It's so important. 40 00:01:44,640 --> 00:01:48,640 The idea that like time is your biggest asset when it comes to building wealth. 41 00:01:48,640 --> 00:01:49,680 Yeah, exactly. 42 00:01:49,680 --> 00:01:51,800 And he tells this crazy story about his friend. 43 00:01:51,840 --> 00:01:52,640 We. 44 00:01:52,760 --> 00:01:56,040 Who invested like a tiny amount of money early in his career. 45 00:01:56,040 --> 00:01:57,720 Yeah, it was like $2,000. 46 00:01:57,800 --> 00:02:04,240 And thanks to the power of compound interest that turned into millions, millions over time. 47 00:02:04,280 --> 00:02:07,000 I mean, it's just it's mind blowing to think about that. 48 00:02:07,040 --> 00:02:07,360 Yeah. 49 00:02:07,360 --> 00:02:11,280 And it really underscores that like you don't have to be financial genius or anything. 50 00:02:11,280 --> 00:02:13,440 You don't have to like time the market perfectly. 51 00:02:13,760 --> 00:02:17,880 Just starting early, even with small amounts can make a huge difference. 52 00:02:17,920 --> 00:02:18,360 Yeah. 53 00:02:18,760 --> 00:02:22,120 So that leads us to another cornerstone of the algebra of wealth. 54 00:02:22,160 --> 00:02:22,680 Yes. 55 00:02:22,720 --> 00:02:24,080 Diversification. 56 00:02:24,120 --> 00:02:25,720 Diversification. 57 00:02:25,720 --> 00:02:28,040 Don't put all your eggs in one basket strategy. 58 00:02:28,080 --> 00:02:28,600 Yeah. 59 00:02:28,640 --> 00:02:32,320 And I'm I'm guessing this ties back to the fact that he's been really open about. 60 00:02:32,360 --> 00:02:33,240 His own failures. 61 00:02:33,280 --> 00:02:35,640 Like losing everything on one investment. 62 00:02:35,680 --> 00:02:37,800 He definitely learned that lesson the hard way. 63 00:02:37,840 --> 00:02:38,160 Yeah. 64 00:02:38,200 --> 00:02:40,800 And it completely changed how he approaches investing now. 65 00:02:40,840 --> 00:02:41,440 Interesting. 66 00:02:41,480 --> 00:02:44,520 So he uses his visual of a bucket of sand. 67 00:02:44,880 --> 00:02:45,320 OK. 68 00:02:45,360 --> 00:02:48,440 And he encourages everyone to picture their portfolio. 69 00:02:48,480 --> 00:02:49,520 As a bucket of sand. 70 00:02:49,560 --> 00:02:50,280 Exactly. 71 00:02:50,320 --> 00:02:53,800 You're gradually accumulating over time with consistent investments. 72 00:02:53,840 --> 00:02:54,360 OK. 73 00:02:54,360 --> 00:02:59,640 In all sorts of different assets, stocks, bonds, real estate, you name it. 74 00:02:59,680 --> 00:03:02,160 So if like a few grains of sand blow away. 75 00:03:02,200 --> 00:03:02,880 Yeah. 76 00:03:02,920 --> 00:03:04,560 You're not left with an empty bucket. 77 00:03:04,600 --> 00:03:06,040 You're not devastated. 78 00:03:06,080 --> 00:03:07,600 You know, it acts as a buffer. 79 00:03:07,640 --> 00:03:10,080 It protects you from those like big financial blows. 80 00:03:10,120 --> 00:03:10,720 Exactly. 81 00:03:10,760 --> 00:03:13,280 And it's not just about like protecting your money either. 82 00:03:13,320 --> 00:03:15,200 It's also about protecting your emotions. 83 00:03:15,240 --> 00:03:15,640 Yeah. 84 00:03:15,680 --> 00:03:19,280 Because when you have your whole portfolio tied up in one thing. 85 00:03:19,320 --> 00:03:20,520 It can be so stressful. 86 00:03:20,560 --> 00:03:22,440 It's like riding a roller coaster every day. 87 00:03:22,480 --> 00:03:23,720 And that takes a toll. 88 00:03:23,720 --> 00:03:24,520 Yeah. 89 00:03:24,560 --> 00:03:24,960 OK. 90 00:03:25,000 --> 00:03:26,560 So we've got this algebra of wealth. 91 00:03:26,600 --> 00:03:27,640 We've got time. 92 00:03:27,680 --> 00:03:29,200 We've got compounding. 93 00:03:29,240 --> 00:03:30,600 We've got diversification. 94 00:03:30,640 --> 00:03:32,000 What else does he have to say for? 95 00:03:32,040 --> 00:03:35,400 Well, he also has some really great advice for like younger people. 96 00:03:35,440 --> 00:03:36,560 Who are just starting out. 97 00:03:36,600 --> 00:03:37,440 Exactly. 98 00:03:37,480 --> 00:03:39,840 Because they have even more time on their side. 99 00:03:39,880 --> 00:03:40,680 Right. 100 00:03:40,720 --> 00:03:43,240 To let that compounding magic work. 101 00:03:43,280 --> 00:03:43,960 OK. 102 00:03:44,000 --> 00:03:48,560 And one thing that he really emphasizes is geographic mobility. 103 00:03:48,600 --> 00:03:49,760 Oh, that's interesting. 104 00:03:49,800 --> 00:03:50,160 Yeah. 105 00:03:50,200 --> 00:03:53,320 He's a big believer in like moving to where the opportunities are. 106 00:03:53,320 --> 00:03:56,520 And he specifically talks about these 20 super cities. 107 00:03:56,560 --> 00:03:57,120 Yeah. 108 00:03:57,160 --> 00:04:01,200 These are cities all around the world where there's just a ton of economic growth. 109 00:04:01,240 --> 00:04:01,840 OK. 110 00:04:01,880 --> 00:04:04,280 And he thinks that younger people especially. 111 00:04:04,320 --> 00:04:06,280 Should consider moving to one of these cities. 112 00:04:06,320 --> 00:04:08,040 It's like if you're an average swimmer. 113 00:04:08,080 --> 00:04:08,760 OK. 114 00:04:08,800 --> 00:04:14,560 You're much more likely to succeed in a pool with a strong current pushing you forward. 115 00:04:14,600 --> 00:04:15,040 OK. 116 00:04:15,080 --> 00:04:19,840 So it's about like strategically positioning yourself in an environment. 117 00:04:19,880 --> 00:04:20,680 Exactly. 118 00:04:20,680 --> 00:04:23,440 Where there's just like more opportunities swirling around. 119 00:04:23,480 --> 00:04:23,800 Yeah. 120 00:04:23,840 --> 00:04:26,000 And he's not saying that everyone needs to move to. 121 00:04:26,040 --> 00:04:27,680 New York or Silicon Valley. 122 00:04:27,720 --> 00:04:29,960 But just being open to the possibility. 123 00:04:30,000 --> 00:04:30,480 Right. 124 00:04:30,520 --> 00:04:33,280 Of relocating to a place where there's more opportunity. 125 00:04:33,320 --> 00:04:34,480 That could make a big difference. 126 00:04:34,520 --> 00:04:35,040 Yeah. 127 00:04:35,080 --> 00:04:37,240 I think that's a really valuable piece of advice. 128 00:04:37,280 --> 00:04:37,560 OK. 129 00:04:37,600 --> 00:04:41,160 So we've talked about like the algebra of wealth. 130 00:04:41,200 --> 00:04:42,880 We've talked about diversification. 131 00:04:42,920 --> 00:04:45,240 We've talked about moving to one of these super cities. 132 00:04:45,280 --> 00:04:46,000 What else? 133 00:04:46,040 --> 00:04:48,560 He also talks about this idea of asking for help. 134 00:04:48,560 --> 00:04:51,560 Oh yeah. He has a really interesting take on mentorship. 135 00:04:51,600 --> 00:04:51,920 OK. 136 00:04:51,960 --> 00:04:53,080 So what does he say? 137 00:04:53,120 --> 00:04:54,680 Because I feel like we've all heard that like. 138 00:04:54,720 --> 00:04:54,920 Yeah. 139 00:04:54,960 --> 00:04:56,080 You need to find a mentor. 140 00:04:56,120 --> 00:04:56,480 Right. 141 00:04:56,520 --> 00:04:57,200 Find a mentor. 142 00:04:57,240 --> 00:05:02,720 He actually advises against directly asking someone to be your mentor. 143 00:05:02,760 --> 00:05:03,440 Oh really. 144 00:05:03,480 --> 00:05:03,840 Yeah. 145 00:05:03,880 --> 00:05:08,840 Instead he says you should focus on building genuine relationships. 146 00:05:08,880 --> 00:05:09,240 OK. 147 00:05:09,280 --> 00:05:12,760 With successful people by seeking advice. 148 00:05:12,800 --> 00:05:13,240 OK. 149 00:05:13,280 --> 00:05:14,720 On specific issues. 150 00:05:14,760 --> 00:05:16,880 Oh so instead of saying like will you be my mentor. 151 00:05:16,920 --> 00:05:17,280 Right. 152 00:05:17,280 --> 00:05:21,560 You're saying like I really admire your work in this specific area. 153 00:05:21,600 --> 00:05:22,000 Exactly. 154 00:05:22,040 --> 00:05:24,480 And I'm struggling with this specific challenge. 155 00:05:24,520 --> 00:05:25,920 And I'd love to get your perspective. 156 00:05:25,960 --> 00:05:26,520 Oh OK. 157 00:05:26,560 --> 00:05:27,960 So it's less pressure. 158 00:05:28,000 --> 00:05:32,640 It's more targeted and it allows for this more like natural connection to develop. 159 00:05:32,680 --> 00:05:33,000 Yeah. 160 00:05:33,040 --> 00:05:34,120 That makes a lot of sense. 161 00:05:34,160 --> 00:05:40,280 He even tells the story about a young man who emailed him for advice after like a brief encounter. 162 00:05:40,320 --> 00:05:41,920 And that simple act of reaching out. 163 00:05:41,960 --> 00:05:43,800 Sparks of valuable relationship. 164 00:05:43,840 --> 00:05:45,720 So even the busiest most successful people. 165 00:05:45,760 --> 00:05:46,280 Right. 166 00:05:46,280 --> 00:05:48,560 They're often willing to help if you approach them. 167 00:05:48,600 --> 00:05:49,320 In the right way. 168 00:05:49,360 --> 00:05:50,160 With the right attitude. 169 00:05:50,200 --> 00:05:51,120 Yeah exactly. 170 00:05:51,160 --> 00:05:52,200 So that's really interesting. 171 00:05:52,240 --> 00:05:54,520 And you know speaking of offering something unique. 172 00:05:54,560 --> 00:05:55,000 Yes. 173 00:05:55,040 --> 00:06:01,160 Galway really emphasizes storytelling as a critical skill for success. 174 00:06:01,200 --> 00:06:01,680 OK. 175 00:06:01,720 --> 00:06:04,920 And he says this about any field not just business. 176 00:06:04,960 --> 00:06:05,320 Interesting. 177 00:06:05,360 --> 00:06:08,120 So why does he think storytelling is so important. 178 00:06:08,160 --> 00:06:11,320 Well he believes that whether you're pitching an idea. 179 00:06:11,360 --> 00:06:11,840 All right. 180 00:06:11,880 --> 00:06:14,160 Leading a team trying to get a promotion. 181 00:06:14,200 --> 00:06:14,400 Yeah. 182 00:06:14,400 --> 00:06:16,840 The ability to tell a compelling story. 183 00:06:16,880 --> 00:06:17,080 Yeah. 184 00:06:17,120 --> 00:06:18,640 Is what really captivates people. 185 00:06:18,680 --> 00:06:20,760 So it's not enough to just like have the knowledge. 186 00:06:20,800 --> 00:06:21,080 No. 187 00:06:21,120 --> 00:06:22,720 You have to be able to communicate it effectively. 188 00:06:22,760 --> 00:06:23,520 Yeah exactly. 189 00:06:23,560 --> 00:06:24,000 OK. 190 00:06:24,040 --> 00:06:28,080 He emphasizes finding a medium where you excel. 191 00:06:28,120 --> 00:06:31,520 So whether that's writing public speaking podcasting. 192 00:06:31,560 --> 00:06:33,240 Even making tick talks. 193 00:06:33,280 --> 00:06:33,760 Yeah. 194 00:06:33,800 --> 00:06:37,880 And then practicing your storytelling every single day. 195 00:06:37,920 --> 00:06:41,800 So for all of our listeners who are already natural storytellers. 196 00:06:41,840 --> 00:06:43,560 Keep honing your craft. 197 00:06:43,600 --> 00:06:44,320 Keep at it. 198 00:06:44,320 --> 00:06:47,120 And for those who are still figuring it out. 199 00:06:47,160 --> 00:06:49,440 Just pick a medium and start practicing. 200 00:06:49,480 --> 00:06:50,920 And the more you do it the better you'll get. 201 00:06:50,960 --> 00:06:51,720 Exactly. 202 00:06:51,760 --> 00:06:51,960 OK. 203 00:06:52,000 --> 00:06:53,440 So we've got storytelling. 204 00:06:53,480 --> 00:06:54,800 We've got the algebra of wealth. 205 00:06:54,840 --> 00:06:56,600 Let's not forget about taxes. 206 00:06:56,640 --> 00:06:58,400 Oh taxes. 207 00:06:58,440 --> 00:06:59,680 The dreaded T word. 208 00:06:59,720 --> 00:07:03,640 But Galway says understanding tax avoidance strategies. 209 00:07:03,680 --> 00:07:04,040 OK. 210 00:07:04,080 --> 00:07:07,760 While staying completely ethical and legal of course. 211 00:07:07,800 --> 00:07:08,160 Right. 212 00:07:08,200 --> 00:07:11,080 Is really key to maximizing your financial gains. 213 00:07:11,120 --> 00:07:13,240 So he's not talking about evading taxes. 214 00:07:13,280 --> 00:07:13,680 No. 215 00:07:13,720 --> 00:07:14,160 Not at all. 216 00:07:14,160 --> 00:07:15,960 He's talking about being smart. 217 00:07:16,000 --> 00:07:16,480 OK. 218 00:07:16,520 --> 00:07:19,000 About minimizing your tax burden. 219 00:07:19,040 --> 00:07:19,840 Within the law. 220 00:07:19,880 --> 00:07:20,800 Exactly. 221 00:07:20,840 --> 00:07:24,640 And he gives us example of borrowing against your stock. 222 00:07:24,680 --> 00:07:24,960 OK. 223 00:07:25,000 --> 00:07:28,440 Instead of selling it to avoid those capital gains taxes. 224 00:07:28,480 --> 00:07:29,080 Interesting. 225 00:07:29,120 --> 00:07:29,640 So it's like. 226 00:07:29,680 --> 00:07:31,040 Kind of a sneaky way. 227 00:07:31,080 --> 00:07:31,320 Yeah. 228 00:07:31,360 --> 00:07:32,600 You're getting access to the money. 229 00:07:32,640 --> 00:07:34,880 Without having to pay those taxes. 230 00:07:34,920 --> 00:07:35,440 Interesting. 231 00:07:35,480 --> 00:07:39,200 It's a strategy that a lot of like high net worth individuals use. 232 00:07:39,240 --> 00:07:39,600 OK. 233 00:07:39,640 --> 00:07:41,360 It can be really powerful. 234 00:07:41,400 --> 00:07:42,440 And beyond stocks. 235 00:07:42,480 --> 00:07:43,160 Yeah. 236 00:07:43,160 --> 00:07:45,960 He also mentions real estate as an investment. 237 00:07:46,000 --> 00:07:46,440 Right. 238 00:07:46,480 --> 00:07:48,600 Acknowledging both the advantages. 239 00:07:48,640 --> 00:07:48,880 Yeah. 240 00:07:48,920 --> 00:07:50,160 And some of the downsides. 241 00:07:50,200 --> 00:07:52,600 So real estate is not always like a slam dunk. 242 00:07:52,640 --> 00:07:54,720 It depends on your individual situation. 243 00:07:54,760 --> 00:07:55,000 OK. 244 00:07:55,040 --> 00:07:55,720 And your goals. 245 00:07:55,760 --> 00:07:57,360 And he also talks about cryptocurrency. 246 00:07:57,400 --> 00:07:57,960 He does. 247 00:07:58,000 --> 00:07:59,720 And other alternative investments. 248 00:07:59,760 --> 00:08:02,600 But his main message stays consistent. 249 00:08:02,640 --> 00:08:03,200 What's that. 250 00:08:03,240 --> 00:08:06,120 Diversification and a long term approach are key. 251 00:08:06,160 --> 00:08:08,520 Don't put all your eggs in one basket. 252 00:08:08,560 --> 00:08:10,920 No matter what that basket is filled with. 253 00:08:10,960 --> 00:08:12,640 Whether it's stocks. 254 00:08:12,640 --> 00:08:13,120 Yeah. 255 00:08:13,160 --> 00:08:13,800 Real estate. 256 00:08:13,840 --> 00:08:14,400 Bitcoin. 257 00:08:14,440 --> 00:08:15,520 You've got to diversify. 258 00:08:15,560 --> 00:08:15,920 Yeah. 259 00:08:15,960 --> 00:08:16,240 OK. 260 00:08:16,280 --> 00:08:17,440 So we've talked about a lot of stuff. 261 00:08:17,480 --> 00:08:18,600 A lot of financial stuff. 262 00:08:18,640 --> 00:08:18,960 Yeah. 263 00:08:19,000 --> 00:08:19,440 But you know. 264 00:08:19,480 --> 00:08:19,840 Yeah. 265 00:08:19,880 --> 00:08:23,200 Galloway also shares some personal reflections on like. 266 00:08:23,240 --> 00:08:24,240 Work-life balance. 267 00:08:24,280 --> 00:08:24,440 Yeah. 268 00:08:24,480 --> 00:08:24,720 Yeah. 269 00:08:24,760 --> 00:08:26,320 Family relationships. 270 00:08:26,360 --> 00:08:27,440 All that good stuff. 271 00:08:27,480 --> 00:08:27,720 Yeah. 272 00:08:27,760 --> 00:08:29,920 So this is kind of the other side of the coin. 273 00:08:29,960 --> 00:08:30,360 Yeah. 274 00:08:30,400 --> 00:08:32,960 Because ultimately it's not just about. 275 00:08:33,000 --> 00:08:34,000 Accumulating money. 276 00:08:34,040 --> 00:08:35,600 It's about building a fulfilling life. 277 00:08:35,640 --> 00:08:36,840 Exactly. 278 00:08:36,880 --> 00:08:38,480 Money is just a tool. 279 00:08:38,520 --> 00:08:39,640 Right. 280 00:08:39,680 --> 00:08:41,840 It's not the end goal. 281 00:08:41,840 --> 00:08:44,000 So what does he say about this whole like. 282 00:08:44,040 --> 00:08:45,320 Work-life balance thing. 283 00:08:45,360 --> 00:08:48,800 Well he really emphasizes the importance of finding a partner. 284 00:08:48,840 --> 00:08:51,080 Who's aligned with your financial goals. 285 00:08:51,120 --> 00:08:52,440 So you're both on the same page. 286 00:08:52,480 --> 00:08:53,400 Exactly. 287 00:08:53,440 --> 00:08:55,680 And you have a shared vision for the future. 288 00:08:55,720 --> 00:08:56,280 Yeah. 289 00:08:56,320 --> 00:08:57,720 And he also talks about investing. 290 00:08:57,760 --> 00:08:59,560 In those meaningful relationships. 291 00:08:59,600 --> 00:09:02,760 So it's not just about your financial portfolio. 292 00:09:02,800 --> 00:09:03,000 No. 293 00:09:03,040 --> 00:09:03,400 It's about. 294 00:09:03,440 --> 00:09:04,680 Your relationship portfolio as well. 295 00:09:04,720 --> 00:09:05,160 Yeah. 296 00:09:05,200 --> 00:09:05,520 Yeah. 297 00:09:05,560 --> 00:09:06,120 Exactly. 298 00:09:06,160 --> 00:09:07,920 It's about nurturing those connections. 299 00:09:07,960 --> 00:09:09,400 Because at the end of the day. 300 00:09:09,440 --> 00:09:09,760 Yeah. 301 00:09:09,760 --> 00:09:12,080 You know money. 302 00:09:12,120 --> 00:09:13,320 It can't buy you happiness. 303 00:09:13,360 --> 00:09:14,520 No. 304 00:09:14,560 --> 00:09:16,080 But it can buy you freedom. 305 00:09:16,120 --> 00:09:16,400 Yeah. 306 00:09:16,440 --> 00:09:17,400 It can give you options. 307 00:09:17,440 --> 00:09:18,160 Exactly. 308 00:09:18,200 --> 00:09:20,680 And that can lead to a more fulfilling life. 309 00:09:20,720 --> 00:09:20,960 Okay. 310 00:09:21,000 --> 00:09:23,080 So before we wrap up this first part. 311 00:09:23,120 --> 00:09:23,600 Okay. 312 00:09:23,640 --> 00:09:25,400 Of our deep dive in the Galway's world. 313 00:09:25,440 --> 00:09:26,160 Yeah. 314 00:09:26,200 --> 00:09:28,080 I want to leave you with a thought-producing question. 315 00:09:28,120 --> 00:09:28,720 You can find me with it. 316 00:09:28,760 --> 00:09:29,040 Okay. 317 00:09:29,080 --> 00:09:31,640 So throughout this whole interview. 318 00:09:31,680 --> 00:09:32,120 Yeah. 319 00:09:32,160 --> 00:09:34,520 He never explicitly mentions. 320 00:09:34,560 --> 00:09:36,120 The impact of mindset. 321 00:09:36,160 --> 00:09:36,840 Oh interesting. 322 00:09:36,880 --> 00:09:38,080 On financial success. 323 00:09:38,120 --> 00:09:38,640 Okay. 324 00:09:38,640 --> 00:09:40,240 So here's the question I want you to think about. 325 00:09:40,280 --> 00:09:40,720 Okay. 326 00:09:40,760 --> 00:09:42,520 Is a positive outlook. 327 00:09:42,560 --> 00:09:43,600 A prerequisite. 328 00:09:43,640 --> 00:09:44,040 Okay. 329 00:09:44,080 --> 00:09:45,760 For achieving wealth. 330 00:09:45,800 --> 00:09:48,640 Or can financial security itself. 331 00:09:48,680 --> 00:09:49,240 Yeah. 332 00:09:49,280 --> 00:09:50,760 Lead to greater happiness. 333 00:09:50,800 --> 00:09:51,960 Oh that's a good one. 334 00:09:52,000 --> 00:09:52,880 And contentment. 335 00:09:52,920 --> 00:09:54,120 It's like the chicken and the egg. 336 00:09:54,160 --> 00:09:54,520 Right. 337 00:09:54,560 --> 00:09:55,560 Which comes first. 338 00:09:55,600 --> 00:09:56,080 Yeah. 339 00:09:56,120 --> 00:09:57,280 Does happiness lead to wealth. 340 00:09:57,320 --> 00:09:59,240 Or does wealth lead to happiness. 341 00:09:59,280 --> 00:10:01,600 So we'll delve into that very question. 342 00:10:01,640 --> 00:10:02,160 Okay. 343 00:10:02,200 --> 00:10:03,000 In part two. 344 00:10:03,040 --> 00:10:03,760 Sounds good. 345 00:10:03,800 --> 00:10:06,120 Exploring that complex relationship. 346 00:10:06,160 --> 00:10:06,840 Intriguing. 347 00:10:06,840 --> 00:10:09,640 Between wealth, happiness and personal fulfillment. 348 00:10:09,680 --> 00:10:10,440 Can't wait. 349 00:10:10,480 --> 00:10:13,400 But for now we encourage you to reflect on your own experiences. 350 00:10:13,440 --> 00:10:13,680 Yeah. 351 00:10:13,720 --> 00:10:15,200 And see what insights you uncover. 352 00:10:15,240 --> 00:10:16,400 Definitely. 353 00:10:16,440 --> 00:10:17,960 Welcome back everybody. 354 00:10:18,000 --> 00:10:19,920 So before the break we were talking about this like. 355 00:10:19,960 --> 00:10:20,880 Mindset thing. 356 00:10:20,920 --> 00:10:21,200 Yeah. 357 00:10:21,240 --> 00:10:24,600 Does having a positive mindset lead to wealth. 358 00:10:24,640 --> 00:10:25,200 Or does like. 359 00:10:25,240 --> 00:10:25,720 Achieving. 360 00:10:25,760 --> 00:10:28,640 Achieving wealth lead to a more positive mindset. 361 00:10:28,680 --> 00:10:29,280 It's a tough one. 362 00:10:29,320 --> 00:10:31,640 And Galloway doesn't really like. 363 00:10:31,680 --> 00:10:32,440 Directly address it. 364 00:10:32,480 --> 00:10:33,520 Address it in the interview. 365 00:10:33,560 --> 00:10:34,000 All right. 366 00:10:34,040 --> 00:10:35,240 But I think we can kind of like. 367 00:10:35,280 --> 00:10:36,280 Read between the lines. 368 00:10:36,280 --> 00:10:36,480 Yeah. 369 00:10:36,520 --> 00:10:37,560 Extrapolate a little bit. 370 00:10:37,600 --> 00:10:38,840 So what do you think. 371 00:10:38,880 --> 00:10:40,360 Well on the one hand like. 372 00:10:40,400 --> 00:10:40,840 Yeah. 373 00:10:40,880 --> 00:10:42,680 Having a positive outlook. 374 00:10:42,720 --> 00:10:44,480 Can be. 375 00:10:44,520 --> 00:10:45,640 Super powerful. 376 00:10:45,680 --> 00:10:46,320 So powerful. 377 00:10:46,360 --> 00:10:47,400 It fuels motivation. 378 00:10:47,440 --> 00:10:48,480 It fuels resilience. 379 00:10:48,520 --> 00:10:48,920 Yeah. 380 00:10:48,960 --> 00:10:51,120 That willingness to take risks. 381 00:10:51,160 --> 00:10:53,320 Which you kind of need to do if you want to. 382 00:10:53,360 --> 00:10:54,040 Succeed. 383 00:10:54,080 --> 00:10:55,120 Especially in business. 384 00:10:55,160 --> 00:10:56,680 Especially in business. 385 00:10:56,720 --> 00:10:57,200 Right. 386 00:10:57,240 --> 00:11:01,000 So if you're constantly dwelling on the negative. 387 00:11:01,040 --> 00:11:02,000 What's going to happen. 388 00:11:02,040 --> 00:11:04,080 You're probably not going to see those opportunities. 389 00:11:04,120 --> 00:11:04,600 Exactly. 390 00:11:04,600 --> 00:11:06,520 Or push yourself outside your comfort zone. 391 00:11:06,560 --> 00:11:08,000 You're going to be too afraid to fail. 392 00:11:08,040 --> 00:11:08,440 Right. 393 00:11:08,480 --> 00:11:10,520 And I think that ties into what he was saying about. 394 00:11:10,560 --> 00:11:14,320 Like going all in on that one company and like losing everything. 395 00:11:14,360 --> 00:11:15,080 Oh totally. 396 00:11:15,120 --> 00:11:15,720 It's like. 397 00:11:15,760 --> 00:11:18,040 If you're so afraid to failure you're never going to like. 398 00:11:18,080 --> 00:11:19,200 Take those big swings. 399 00:11:19,240 --> 00:11:21,120 Take the big swings. 400 00:11:21,160 --> 00:11:22,200 But on the other hand. 401 00:11:22,240 --> 00:11:22,520 Yeah. 402 00:11:22,560 --> 00:11:25,520 Financial security itself can bring a lot of peace of mind. 403 00:11:25,560 --> 00:11:26,080 Yeah. 404 00:11:26,120 --> 00:11:28,200 You know you're less stressed about bills. 405 00:11:28,240 --> 00:11:28,520 Yeah. 406 00:11:28,560 --> 00:11:30,360 You're not constantly worrying about. 407 00:11:30,400 --> 00:11:30,840 Exactly. 408 00:11:30,880 --> 00:11:31,640 Making ends meet. 409 00:11:31,680 --> 00:11:32,520 You have more freedom. 410 00:11:32,560 --> 00:11:32,960 Yeah. 411 00:11:32,960 --> 00:11:35,120 To make choices that align with your values. 412 00:11:35,160 --> 00:11:37,000 And that can definitely lead to. 413 00:11:37,040 --> 00:11:37,520 Happiness. 414 00:11:37,560 --> 00:11:38,520 Greater happiness. 415 00:11:38,560 --> 00:11:39,080 For sure. 416 00:11:39,120 --> 00:11:41,480 And it's like almost like that. 417 00:11:41,520 --> 00:11:42,080 Maslow's. 418 00:11:42,120 --> 00:11:44,720 Maslow's hierarchy of needs thing. 419 00:11:44,760 --> 00:11:45,160 Yes. 420 00:11:45,200 --> 00:11:45,640 Exactly. 421 00:11:45,680 --> 00:11:48,000 You need to have those basic needs met. 422 00:11:48,040 --> 00:11:48,560 Found date. 423 00:11:48,600 --> 00:11:50,600 Including financial security. 424 00:11:50,640 --> 00:11:54,320 Before you can really focus on like self actualization and fulfillment. 425 00:11:54,360 --> 00:11:54,560 Yeah. 426 00:11:54,600 --> 00:11:55,720 It's hard to be like. 427 00:11:55,760 --> 00:11:56,720 Happy of the field. 428 00:11:56,760 --> 00:11:57,000 Yeah. 429 00:11:57,040 --> 00:11:58,640 When you're constantly stressed about money. 430 00:11:58,680 --> 00:11:59,480 100%. 431 00:11:59,480 --> 00:12:03,840 And I think Galloway's own story is a really good example of that. 432 00:12:03,880 --> 00:12:04,200 Yeah. 433 00:12:04,240 --> 00:12:05,640 Remember that story he told about. 434 00:12:05,680 --> 00:12:06,960 When his son was born. 435 00:12:07,000 --> 00:12:07,320 Yeah. 436 00:12:07,360 --> 00:12:09,040 And he was so overwhelmed. 437 00:12:09,080 --> 00:12:10,360 With fear and shame. 438 00:12:10,400 --> 00:12:10,960 Shame. 439 00:12:11,000 --> 00:12:12,560 Because he had just lost everything. 440 00:12:12,600 --> 00:12:14,120 In that bad investment. 441 00:12:14,160 --> 00:12:17,600 He really shows how like financial instability can impact. 442 00:12:17,640 --> 00:12:19,080 Your emotional well being. 443 00:12:19,120 --> 00:12:21,800 Even during times that should be like pure joy. 444 00:12:21,840 --> 00:12:25,000 It's a good reminder that money isn't just about like. 445 00:12:25,040 --> 00:12:25,360 Stuff. 446 00:12:25,400 --> 00:12:25,880 Stuff. 447 00:12:25,920 --> 00:12:26,200 Yeah. 448 00:12:26,240 --> 00:12:28,560 It's about having options and freedom. 449 00:12:28,600 --> 00:12:29,080 Yeah. 450 00:12:29,080 --> 00:12:31,480 To make choices that align with your values. 451 00:12:31,520 --> 00:12:32,000 Yeah. 452 00:12:32,040 --> 00:12:34,360 And I think that connects to his advice about. 453 00:12:34,400 --> 00:12:35,120 Finding a partner. 454 00:12:35,160 --> 00:12:35,880 Finding a partner. 455 00:12:35,920 --> 00:12:36,720 Who's on the same page. 456 00:12:36,760 --> 00:12:38,160 Who's aligned with your financial goals. 457 00:12:38,200 --> 00:12:38,560 Exactly. 458 00:12:38,600 --> 00:12:40,280 It's not just about splitting bills. 459 00:12:40,320 --> 00:12:41,200 It's about. 460 00:12:41,240 --> 00:12:42,760 Having that shared vision. 461 00:12:42,800 --> 00:12:43,960 For your financial future. 462 00:12:44,000 --> 00:12:44,280 Yeah. 463 00:12:44,320 --> 00:12:46,920 And a common understanding of like what truly matters. 464 00:12:46,960 --> 00:12:48,440 Having those shared values. 465 00:12:48,480 --> 00:12:48,920 Yeah. 466 00:12:48,960 --> 00:12:51,560 And speaking of like emotional intelligence. 467 00:12:51,600 --> 00:12:51,840 Yes. 468 00:12:51,880 --> 00:12:55,320 I think there's a connection there to what Galloway said about storytelling. 469 00:12:55,360 --> 00:12:55,760 Okay. 470 00:12:55,800 --> 00:12:56,520 I see what you mean. 471 00:12:56,560 --> 00:12:56,720 Yeah. 472 00:12:56,760 --> 00:12:57,160 Like. 473 00:12:57,200 --> 00:12:58,560 Being a great storyteller. 474 00:12:58,560 --> 00:12:59,480 Requires empathy. 475 00:12:59,520 --> 00:13:01,440 Being able to connect with your audience. 476 00:13:01,480 --> 00:13:02,560 On an emotional level. 477 00:13:02,600 --> 00:13:03,000 Yeah. 478 00:13:03,040 --> 00:13:04,720 And that's crucial for building those. 479 00:13:04,760 --> 00:13:06,280 Strong relationships. 480 00:13:06,320 --> 00:13:07,400 Strong relationships. 481 00:13:07,440 --> 00:13:07,920 Yeah. 482 00:13:07,960 --> 00:13:09,680 Whether it's with business partners. 483 00:13:09,720 --> 00:13:11,080 Employees. 484 00:13:11,120 --> 00:13:11,480 Family. 485 00:13:11,520 --> 00:13:12,360 I'm not about connection. 486 00:13:12,400 --> 00:13:13,960 So maybe a positive mindset. 487 00:13:14,000 --> 00:13:14,120 Right. 488 00:13:14,160 --> 00:13:16,920 Isn't just about like blind optimism. 489 00:13:16,960 --> 00:13:17,400 Right. 490 00:13:17,440 --> 00:13:19,960 Maybe it's more about cultivating self-awareness. 491 00:13:20,000 --> 00:13:20,920 Understanding your strength. 492 00:13:20,960 --> 00:13:22,440 Understanding your weaknesses. 493 00:13:22,480 --> 00:13:24,200 And being able to. 494 00:13:24,240 --> 00:13:24,880 Communicate. 495 00:13:24,920 --> 00:13:25,200 Yeah. 496 00:13:25,240 --> 00:13:26,240 Communicate effectively. 497 00:13:26,280 --> 00:13:27,680 Your ideas and your values. 498 00:13:27,720 --> 00:13:28,240 Yeah. 499 00:13:28,240 --> 00:13:28,880 To others. 500 00:13:28,920 --> 00:13:29,120 Okay. 501 00:13:29,160 --> 00:13:30,720 So we've talked about mindset. 502 00:13:30,760 --> 00:13:31,200 Yeah. 503 00:13:31,240 --> 00:13:35,240 But let's circle back to some of Galloway's more practical advice. 504 00:13:35,280 --> 00:13:35,520 Okay. 505 00:13:35,560 --> 00:13:36,920 Let's get into the nitty gritty. 506 00:13:36,960 --> 00:13:40,080 He had a lot to say about the actual mechanics of investing. 507 00:13:40,120 --> 00:13:40,560 He did. 508 00:13:40,600 --> 00:13:42,960 Especially this idea of starting early. 509 00:13:43,000 --> 00:13:43,320 Oh. 510 00:13:43,360 --> 00:13:45,160 He's a huge advocate for that. 511 00:13:45,200 --> 00:13:47,640 Remember that whole bucket of sand analogy. 512 00:13:47,680 --> 00:13:48,360 Oh yeah. 513 00:13:48,400 --> 00:13:50,680 Like gradually filling it up over time. 514 00:13:50,720 --> 00:13:52,360 He really hammered that point home. 515 00:13:52,400 --> 00:13:52,920 Yeah. 516 00:13:52,960 --> 00:13:54,680 Time is your biggest asset. 517 00:13:54,720 --> 00:13:55,760 Time is your friend. 518 00:13:55,800 --> 00:13:56,560 Yeah. 519 00:13:56,560 --> 00:13:59,760 Let that compound interest work its magic. 520 00:13:59,800 --> 00:14:01,120 It's so easy to underestimate. 521 00:14:01,160 --> 00:14:02,120 And the power of time. 522 00:14:02,160 --> 00:14:03,320 The power of time. 523 00:14:03,360 --> 00:14:06,000 And he even admitted that he made that mistake himself. 524 00:14:06,040 --> 00:14:06,200 Yeah. 525 00:14:06,240 --> 00:14:07,560 He was talking about that bonus check. 526 00:14:07,600 --> 00:14:09,920 From his early days at Morgan Stanley. 527 00:14:09,960 --> 00:14:11,680 It was like $28,000 or something. 528 00:14:11,720 --> 00:14:12,080 I know. 529 00:14:12,120 --> 00:14:12,720 Crazy, right? 530 00:14:12,760 --> 00:14:14,080 If he had just invested that. 531 00:14:14,120 --> 00:14:16,360 It would be worth millions today. 532 00:14:16,400 --> 00:14:17,200 Millions. 533 00:14:17,240 --> 00:14:18,000 But he spent it. 534 00:14:18,040 --> 00:14:19,640 Hindsight's 2020. 535 00:14:19,680 --> 00:14:20,080 It is. 536 00:14:20,120 --> 00:14:22,400 But it's a good lesson for all of us. 537 00:14:22,440 --> 00:14:22,880 Yeah. 538 00:14:22,920 --> 00:14:23,920 Start early. 539 00:14:23,960 --> 00:14:25,120 Even if it's a small amount. 540 00:14:25,160 --> 00:14:25,840 Just start. 541 00:14:25,840 --> 00:14:29,760 And he also talked about finding ways to automate your savings. 542 00:14:29,800 --> 00:14:30,560 Automate everything. 543 00:14:30,600 --> 00:14:31,760 Make it like a mindless habit. 544 00:14:31,800 --> 00:14:34,520 Exactly like those apps that round up your purchases. 545 00:14:34,560 --> 00:14:34,760 Yeah. 546 00:14:34,800 --> 00:14:35,920 And invest the difference. 547 00:14:35,960 --> 00:14:37,600 That's like tricking yourself into saving. 548 00:14:37,640 --> 00:14:38,320 Exactly. 549 00:14:38,360 --> 00:14:39,680 You don't even have to think about it. 550 00:14:39,720 --> 00:14:42,400 And for those who are ready to start investing. 551 00:14:42,440 --> 00:14:42,920 Yeah. 552 00:14:42,960 --> 00:14:44,840 But maybe they're feeling a little overwhelmed. 553 00:14:44,880 --> 00:14:46,840 There are so many options out there. 554 00:14:46,880 --> 00:14:47,040 Yeah. 555 00:14:47,080 --> 00:14:49,000 He had some pretty straightforward advice. 556 00:14:49,040 --> 00:14:49,440 He did. 557 00:14:49,480 --> 00:14:50,080 What did you say? 558 00:14:50,120 --> 00:14:51,840 He's a big fan of those low cost. 559 00:14:51,880 --> 00:14:52,720 ETFs. 560 00:14:52,760 --> 00:14:54,120 Exchange traded funds. 561 00:14:54,120 --> 00:14:56,360 Especially the ones that track the S&P 500. 562 00:14:56,400 --> 00:14:56,760 Yeah. 563 00:14:56,800 --> 00:14:57,760 Like SPY. 564 00:14:57,800 --> 00:14:58,600 Yeah. 565 00:14:58,640 --> 00:15:00,240 It's like a simple way to. 566 00:15:00,280 --> 00:15:02,360 Capture that overall market growth. 567 00:15:02,400 --> 00:15:02,680 Yeah. 568 00:15:02,720 --> 00:15:06,080 And then he suggested like maybe put 70% in a broad market ETF. 569 00:15:06,120 --> 00:15:06,480 OK. 570 00:15:06,520 --> 00:15:07,800 And then the other 30%. 571 00:15:07,840 --> 00:15:09,000 You can have some fun with. 572 00:15:09,040 --> 00:15:09,160 Yeah. 573 00:15:09,200 --> 00:15:11,600 You can explore individual stocks or other assets. 574 00:15:11,640 --> 00:15:13,080 That peak your interest. 575 00:15:13,120 --> 00:15:14,520 So it's like a balanced approach. 576 00:15:14,560 --> 00:15:15,160 Exactly. 577 00:15:15,200 --> 00:15:17,080 You're getting that broad market exposure. 578 00:15:17,120 --> 00:15:17,720 But you're also. 579 00:15:17,760 --> 00:15:19,200 But you could also play around a little bit. 580 00:15:19,240 --> 00:15:19,560 Yeah. 581 00:15:19,600 --> 00:15:20,160 Exactly. 582 00:15:20,200 --> 00:15:22,120 And he also talked about real estate. 583 00:15:22,160 --> 00:15:22,680 He did. 584 00:15:22,680 --> 00:15:24,240 Acknowledging both the. 585 00:15:24,280 --> 00:15:25,600 The good and the bad. 586 00:15:25,640 --> 00:15:26,120 Yeah. 587 00:15:26,160 --> 00:15:28,120 The potential upsides and downsides. 588 00:15:28,160 --> 00:15:28,480 Yeah. 589 00:15:28,520 --> 00:15:32,280 He really stressed the importance of understanding the tax benefits. 590 00:15:32,320 --> 00:15:32,840 Yeah. 591 00:15:32,880 --> 00:15:34,560 There are some good tax advantages. 592 00:15:34,600 --> 00:15:38,920 But he also cautioned against over leveraging yourself. 593 00:15:38,960 --> 00:15:40,280 Especially when you're younger. 594 00:15:40,320 --> 00:15:40,680 Yeah. 595 00:15:40,720 --> 00:15:42,280 When you need that flexibility. 596 00:15:42,320 --> 00:15:42,680 OK. 597 00:15:42,720 --> 00:15:45,160 So you know it's not a one size fits all solution. 598 00:15:45,200 --> 00:15:45,720 Right. 599 00:15:45,760 --> 00:15:46,920 Real estate is not for everyone. 600 00:15:46,960 --> 00:15:48,760 It's about making informed decisions. 601 00:15:48,800 --> 00:15:49,200 Yeah. 602 00:15:49,240 --> 00:15:51,560 And not just blindly following the crowd. 603 00:15:51,560 --> 00:15:54,480 And you know one thing that he said that kind of caught my attention. 604 00:15:54,520 --> 00:15:55,720 Oh what was that. 605 00:15:55,760 --> 00:15:58,560 He was talking about becoming a super tax avoider. 606 00:15:58,600 --> 00:15:59,960 Oh yeah I remember that. 607 00:16:00,000 --> 00:16:01,600 And I was like what does that even mean. 608 00:16:01,640 --> 00:16:02,960 It sounds a little shady. 609 00:16:03,000 --> 00:16:04,160 It does sound a little shady. 610 00:16:04,200 --> 00:16:04,520 Yeah. 611 00:16:04,560 --> 00:16:06,000 It was very clear about doing it. 612 00:16:06,040 --> 00:16:06,680 Legally. 613 00:16:06,720 --> 00:16:07,960 Legally and ethically. 614 00:16:08,000 --> 00:16:10,240 He's not talking about cheating the system. 615 00:16:10,280 --> 00:16:12,280 No he's talking about understanding the rules. 616 00:16:12,320 --> 00:16:13,000 Yeah. 617 00:16:13,040 --> 00:16:14,320 Playing games strategically. 618 00:16:14,360 --> 00:16:17,280 Like that example he gave about borrowing against your stock. 619 00:16:17,320 --> 00:16:17,560 Right. 620 00:16:17,600 --> 00:16:18,640 Instead of selling it. 621 00:16:18,680 --> 00:16:21,040 To avoid those capital gains taxes. 622 00:16:21,040 --> 00:16:23,320 It's a perfectly legal strategy. 623 00:16:23,360 --> 00:16:24,000 It is. 624 00:16:24,040 --> 00:16:26,120 And it can be super effective. 625 00:16:26,160 --> 00:16:27,560 It can save you a lot of money. 626 00:16:27,600 --> 00:16:30,680 So it's about being proactive and savvy with your finances. 627 00:16:30,720 --> 00:16:31,160 Exactly. 628 00:16:31,200 --> 00:16:33,240 Not about like hiding income. 629 00:16:33,280 --> 00:16:34,400 Or doing anything illegal. 630 00:16:34,440 --> 00:16:34,920 Right. 631 00:16:34,960 --> 00:16:37,400 And he also mentioned something called. 632 00:16:37,440 --> 00:16:38,640 QSB. 633 00:16:38,680 --> 00:16:39,040 Yeah. 634 00:16:39,080 --> 00:16:40,880 Qualified small business status. 635 00:16:40,920 --> 00:16:41,440 Yeah. 636 00:16:41,480 --> 00:16:43,520 Which offers some really great tax breaks. 637 00:16:43,560 --> 00:16:44,000 Yeah. 638 00:16:44,040 --> 00:16:44,960 For entrepreneurs. 639 00:16:45,000 --> 00:16:46,720 So it's not all bad news. 640 00:16:46,760 --> 00:16:47,120 No. 641 00:16:47,160 --> 00:16:49,840 The tax code actually has some provisions. 642 00:16:49,840 --> 00:16:51,120 That are designed to help you. 643 00:16:51,160 --> 00:16:51,760 Yeah. 644 00:16:51,800 --> 00:16:52,880 That encourage. 645 00:16:52,920 --> 00:16:54,960 Entrepreneurship and small business growth. 646 00:16:55,000 --> 00:16:56,600 So it's like a hidden treasure. 647 00:16:56,640 --> 00:16:57,680 You just gotta know where to look. 648 00:16:57,720 --> 00:16:57,840 Yeah. 649 00:16:57,880 --> 00:16:58,640 I know where to look. 650 00:16:58,680 --> 00:17:02,680 And as your financial situation gets more complex. 651 00:17:02,720 --> 00:17:03,320 Yeah. 652 00:17:03,360 --> 00:17:08,280 Galloway really stresses the importance of seeking out expert tax advice. 653 00:17:08,320 --> 00:17:08,840 Yeah. 654 00:17:08,880 --> 00:17:10,480 Because it can get really complicated. 655 00:17:10,520 --> 00:17:11,040 It can. 656 00:17:11,080 --> 00:17:12,120 And it's worth it to. 657 00:17:12,160 --> 00:17:13,280 Have someone on your team. 658 00:17:13,320 --> 00:17:13,520 Yeah. 659 00:17:13,560 --> 00:17:15,000 Have like a financial sherpa. 660 00:17:15,040 --> 00:17:16,440 I love that a financial. 661 00:17:16,480 --> 00:17:16,880 Shower. 662 00:17:16,920 --> 00:17:19,360 Guide you through those treacherous mountains. 663 00:17:19,360 --> 00:17:22,280 Those treacherous mountains of taxes. 664 00:17:22,320 --> 00:17:22,920 Exactly. 665 00:17:22,960 --> 00:17:23,160 Okay. 666 00:17:23,200 --> 00:17:24,120 So beyond taxes. 667 00:17:24,160 --> 00:17:24,520 Yeah. 668 00:17:24,560 --> 00:17:27,640 Galloway also offered some really good advice about decision making. 669 00:17:27,680 --> 00:17:28,920 Which is crucial. 670 00:17:28,960 --> 00:17:29,240 Yeah. 671 00:17:29,280 --> 00:17:30,280 In all aspects of life. 672 00:17:30,320 --> 00:17:31,320 Not just finances. 673 00:17:31,360 --> 00:17:32,080 Right. 674 00:17:32,120 --> 00:17:35,520 And he emphasized the importance of slowing down. 675 00:17:35,560 --> 00:17:38,440 Especially for those big life altering decisions. 676 00:17:38,480 --> 00:17:39,280 Those big life. 677 00:17:39,320 --> 00:17:41,160 The ones that you can't just like undo. 678 00:17:41,200 --> 00:17:42,120 Exactly. 679 00:17:42,160 --> 00:17:45,160 And he talked about seeking input from trusted advisors. 680 00:17:45,200 --> 00:17:47,640 He called this slow thinking. 681 00:17:47,640 --> 00:17:49,960 Slow thinking versus like fast thinking. 682 00:17:50,000 --> 00:17:50,400 Yeah. 683 00:17:50,440 --> 00:17:51,720 For those everyday decisions. 684 00:17:51,760 --> 00:17:51,920 Yeah. 685 00:17:51,960 --> 00:17:53,160 Where you need to react quickly. 686 00:17:53,200 --> 00:17:54,040 Exactly. 687 00:17:54,080 --> 00:17:55,400 But for those big ones he's like. 688 00:17:55,440 --> 00:17:56,360 Take your time. 689 00:17:56,400 --> 00:17:57,560 Assemble a kitchen cabinet. 690 00:17:57,600 --> 00:17:59,960 A kitchen cabinet of trusted advisors. 691 00:18:00,000 --> 00:18:01,200 Balance ideas off of them. 692 00:18:01,240 --> 00:18:02,440 Get different perspectives. 693 00:18:02,480 --> 00:18:02,640 Yeah. 694 00:18:02,680 --> 00:18:05,600 And he really believes in surrounding yourself with people who. 695 00:18:05,640 --> 00:18:06,720 Challenge your assumption. 696 00:18:06,760 --> 00:18:07,560 Challenge your assumption. 697 00:18:07,600 --> 00:18:09,360 And help you see the bigger picture. 698 00:18:09,400 --> 00:18:10,200 Yeah. 699 00:18:10,240 --> 00:18:11,520 Because it's easy to get caught up. 700 00:18:11,560 --> 00:18:12,680 In your own little bubble. 701 00:18:12,720 --> 00:18:13,760 In your own little bubble. 702 00:18:13,800 --> 00:18:15,480 And think that you have all the answers. 703 00:18:15,520 --> 00:18:16,160 And you don't. 704 00:18:16,160 --> 00:18:17,720 You don't nobody does. 705 00:18:17,760 --> 00:18:20,320 And he also talked a lot about the importance of relationships. 706 00:18:20,360 --> 00:18:20,760 Yeah. 707 00:18:20,800 --> 00:18:22,240 Both personal and professional. 708 00:18:22,280 --> 00:18:22,480 Yeah. 709 00:18:22,520 --> 00:18:24,440 He stressed generosity forgiveness. 710 00:18:24,480 --> 00:18:27,560 Recognizing that everyone has their own. 711 00:18:27,600 --> 00:18:28,920 Strengths and weaknesses. 712 00:18:28,960 --> 00:18:29,680 Exactly. 713 00:18:29,720 --> 00:18:33,840 And he talked about how important it is to bring empathy and understanding. 714 00:18:33,880 --> 00:18:34,720 To any relationship. 715 00:18:34,760 --> 00:18:36,080 Especially marriage. 716 00:18:36,120 --> 00:18:40,280 Acknowledging that no relationship is perfectly balanced all the time. 717 00:18:40,320 --> 00:18:42,320 It's about being willing to compromise. 718 00:18:42,360 --> 00:18:43,080 Support each other. 719 00:18:43,120 --> 00:18:44,440 And work together as a team. 720 00:18:44,480 --> 00:18:45,000 Exactly. 721 00:18:45,000 --> 00:18:50,040 A team approach is always more effective than going it alone. 722 00:18:50,080 --> 00:18:50,400 Yeah. 723 00:18:50,440 --> 00:18:54,880 And he also made this really interesting point about the role of relationships. 724 00:18:54,920 --> 00:18:55,880 In building wealth. 725 00:18:55,920 --> 00:18:56,280 Yeah. 726 00:18:56,320 --> 00:18:59,120 He said that wealthy individuals often cultivate. 727 00:18:59,160 --> 00:19:00,040 Strong network. 728 00:19:00,080 --> 00:19:00,840 Strong network. 729 00:19:00,880 --> 00:19:03,000 And they invest in those meaningful connections. 730 00:19:03,040 --> 00:19:05,240 Well, professionally and personally. 731 00:19:05,280 --> 00:19:05,400 Yeah. 732 00:19:05,440 --> 00:19:07,760 It's like that saying your network is your net worth. 733 00:19:07,800 --> 00:19:08,480 Exactly. 734 00:19:08,520 --> 00:19:10,920 But it's not just about like transactional relationships. 735 00:19:10,960 --> 00:19:11,200 No. 736 00:19:11,240 --> 00:19:13,640 It's about cultivating those genuine connections. 737 00:19:13,640 --> 00:19:15,440 Based on mutual respect and support. 738 00:19:15,480 --> 00:19:16,440 Exactly. 739 00:19:16,480 --> 00:19:17,320 And then finally. 740 00:19:17,360 --> 00:19:17,680 Yeah. 741 00:19:17,720 --> 00:19:20,680 He had this really interesting piece of advice for young people. 742 00:19:20,720 --> 00:19:21,720 What was that? 743 00:19:21,760 --> 00:19:22,880 Be risk aggressive. 744 00:19:22,920 --> 00:19:23,760 Oh. 745 00:19:23,800 --> 00:19:24,640 When you're young. 746 00:19:24,680 --> 00:19:25,360 When you're young. 747 00:19:25,400 --> 00:19:26,320 Yeah. 748 00:19:26,360 --> 00:19:27,680 When you have less to lose. 749 00:19:27,720 --> 00:19:30,680 He's all about taking those big swings early on. 750 00:19:30,720 --> 00:19:30,960 Yeah. 751 00:19:31,000 --> 00:19:32,240 Because you have time to recover. 752 00:19:32,280 --> 00:19:33,240 Exactly. 753 00:19:33,280 --> 00:19:34,760 You have time to bounce back. 754 00:19:34,800 --> 00:19:35,880 And you have more flexibility. 755 00:19:35,920 --> 00:19:37,480 He's not as tied down. 756 00:19:37,520 --> 00:19:39,240 He actually used this phrase. 757 00:19:39,280 --> 00:19:40,360 What was it? 758 00:19:40,400 --> 00:19:42,920 He said you should workshop your career. 759 00:19:42,920 --> 00:19:43,920 I love that. 760 00:19:43,960 --> 00:19:45,240 Try different things. 761 00:19:45,280 --> 00:19:46,280 Experiment. 762 00:19:46,320 --> 00:19:47,840 Don't be afraid to make mistakes. 763 00:19:47,880 --> 00:19:49,160 Because that's how you learn. 764 00:19:49,200 --> 00:19:51,480 And he even joked that like when you're younger. 765 00:19:51,520 --> 00:19:53,480 You're more likely to find a couch to crash on. 766 00:19:53,520 --> 00:19:55,080 If things don't go as planned. 767 00:19:55,120 --> 00:19:55,480 Right. 768 00:19:55,520 --> 00:19:56,080 You don't have like. 769 00:19:56,120 --> 00:19:56,760 Org of mortgage. 770 00:19:56,800 --> 00:19:58,160 Org of your kids to worry about. 771 00:19:58,200 --> 00:19:59,160 Exactly. 772 00:19:59,200 --> 00:20:02,120 And he also stressed the importance of being geographically mobile. 773 00:20:02,160 --> 00:20:03,880 Especially early in your career. 774 00:20:03,920 --> 00:20:04,240 Yeah. 775 00:20:04,280 --> 00:20:05,120 He was like if you. 776 00:20:05,160 --> 00:20:06,720 Move to one of those super cities. 777 00:20:06,760 --> 00:20:07,680 Move to a super city. 778 00:20:07,720 --> 00:20:08,160 Do it. 779 00:20:08,200 --> 00:20:09,440 Where the opportunities are. 780 00:20:09,480 --> 00:20:09,600 Yeah. 781 00:20:09,640 --> 00:20:10,640 Because it gets you. 782 00:20:10,640 --> 00:20:12,960 Increase your chances of success. 783 00:20:13,000 --> 00:20:13,360 Okay. 784 00:20:13,400 --> 00:20:13,760 So. 785 00:20:13,800 --> 00:20:15,560 I know we've covered a lot of ground here. 786 00:20:15,600 --> 00:20:16,480 We have. 787 00:20:16,520 --> 00:20:19,320 But if you had to pick like one key takeaway. 788 00:20:19,360 --> 00:20:20,760 One key takeaway. 789 00:20:20,800 --> 00:20:21,760 For our listeners. 790 00:20:21,800 --> 00:20:22,920 What would it be? 791 00:20:22,960 --> 00:20:24,360 I think it would be this. 792 00:20:24,400 --> 00:20:24,720 Okay. 793 00:20:24,760 --> 00:20:25,560 Worth building. 794 00:20:25,600 --> 00:20:25,960 Yeah. 795 00:20:26,000 --> 00:20:27,200 Is a holistic endeavor. 796 00:20:27,240 --> 00:20:28,640 It's not just about the numbers. 797 00:20:28,680 --> 00:20:30,000 It's not just about the money. 798 00:20:30,040 --> 00:20:30,640 It's about. 799 00:20:30,680 --> 00:20:32,160 It's about mindset. 800 00:20:32,200 --> 00:20:33,600 It's about relationships. 801 00:20:33,640 --> 00:20:34,040 Yeah. 802 00:20:34,080 --> 00:20:36,200 And it's about embracing the journey. 803 00:20:36,240 --> 00:20:37,800 It's about the whole package. 804 00:20:37,840 --> 00:20:38,560 Exactly. 805 00:20:38,560 --> 00:20:40,760 Okay. 806 00:20:40,800 --> 00:20:41,800 Well on that note. 807 00:20:41,840 --> 00:20:43,000 Let's move on to the final part. 808 00:20:43,040 --> 00:20:45,000 The final part of our deep dive. 809 00:20:45,040 --> 00:20:47,240 Into the world of Scott Galloway. 810 00:20:47,280 --> 00:20:48,160 Okay. 811 00:20:48,200 --> 00:20:50,640 So as we wrap up this deep dive into Scott Galloway. 812 00:20:50,680 --> 00:20:51,240 Yeah. 813 00:20:51,280 --> 00:20:52,640 One thing that really sticks out to me. 814 00:20:52,680 --> 00:20:53,240 Okay. 815 00:20:53,280 --> 00:20:55,040 Is his emphasis on storytelling. 816 00:20:55,080 --> 00:20:57,640 Oh he's like obsessed with storytelling. 817 00:20:57,680 --> 00:20:59,440 He really thinks it's like a secret weapon. 818 00:20:59,480 --> 00:21:01,640 For success in any field. 819 00:21:01,680 --> 00:21:02,640 And. 820 00:21:02,680 --> 00:21:04,920 Honestly I'm starting to see why. 821 00:21:04,960 --> 00:21:05,520 Yeah. 822 00:21:05,560 --> 00:21:06,320 I mean think about it. 823 00:21:06,360 --> 00:21:06,760 Okay. 824 00:21:06,800 --> 00:21:08,120 Like persuading investors. 825 00:21:08,120 --> 00:21:08,920 Yeah. 826 00:21:08,960 --> 00:21:10,080 Motivating a team. 827 00:21:10,120 --> 00:21:12,080 Even like negotiating a raise. 828 00:21:12,120 --> 00:21:13,080 Yeah. 829 00:21:13,120 --> 00:21:16,120 All of those situations they all hinge on your ability. 830 00:21:16,160 --> 00:21:17,320 To tell a good story. 831 00:21:17,360 --> 00:21:18,720 Compelling story. 832 00:21:18,760 --> 00:21:19,320 Yeah. 833 00:21:19,360 --> 00:21:20,720 To like capture people's attention. 834 00:21:20,760 --> 00:21:22,600 And make them to buy into your vision. 835 00:21:22,640 --> 00:21:24,800 It's like he said mastering the art of storytelling. 836 00:21:24,840 --> 00:21:26,960 Can help you punch above your weight class. 837 00:21:27,000 --> 00:21:28,400 In any aspect of life. 838 00:21:28,440 --> 00:21:29,200 I like that. 839 00:21:29,240 --> 00:21:29,800 Yeah. 840 00:21:29,840 --> 00:21:32,400 So for anyone listening who wants to like improve their 841 00:21:32,440 --> 00:21:33,480 storytelling skills. 842 00:21:33,520 --> 00:21:34,680 He has some great advice. 843 00:21:34,720 --> 00:21:35,480 Okay. 844 00:21:35,520 --> 00:21:36,240 He says. 845 00:21:36,280 --> 00:21:36,840 Okay. 846 00:21:36,840 --> 00:21:39,600 Choose a medium that feels natural to you. 847 00:21:39,640 --> 00:21:40,400 Okay. 848 00:21:40,440 --> 00:21:42,640 Whether that's writing or speaking. 849 00:21:42,680 --> 00:21:44,840 Creating videos or even just like. 850 00:21:44,880 --> 00:21:46,440 Sharing stories around the dinner table. 851 00:21:46,480 --> 00:21:47,240 Hee hee. 852 00:21:47,280 --> 00:21:48,640 And just commit to practicing every day. 853 00:21:48,680 --> 00:21:49,440 Make it a habit. 854 00:21:49,480 --> 00:21:50,120 Yeah. 855 00:21:50,160 --> 00:21:51,720 So if you're already active on social media. 856 00:21:51,760 --> 00:21:53,520 Think about how you can use this platform. 857 00:21:53,560 --> 00:21:54,520 To share your story. 858 00:21:54,560 --> 00:21:55,560 To connect with people. 859 00:21:55,600 --> 00:21:56,720 To build a following. 860 00:21:56,760 --> 00:21:57,560 Exactly. 861 00:21:57,600 --> 00:21:58,960 You don't need a fancy degree. 862 00:21:59,000 --> 00:21:59,560 Yeah. 863 00:21:59,600 --> 00:22:01,400 Or a TED Talk invitation. 864 00:22:01,440 --> 00:22:03,160 The tools are already there. 865 00:22:03,200 --> 00:22:04,960 It's all about putting in the effort. 866 00:22:05,000 --> 00:22:05,560 Yeah. 867 00:22:05,560 --> 00:22:06,800 And consistency. 868 00:22:06,840 --> 00:22:07,800 Consistency is key. 869 00:22:07,840 --> 00:22:10,600 And he also talked about the importance of like finding 870 00:22:10,640 --> 00:22:11,560 your niche. 871 00:22:11,600 --> 00:22:12,760 Becoming an expert. 872 00:22:12,800 --> 00:22:13,160 Yeah. 873 00:22:13,200 --> 00:22:14,840 Like becoming that go-to person. 874 00:22:14,880 --> 00:22:16,440 In a specific area. 875 00:22:16,480 --> 00:22:16,800 Yeah. 876 00:22:16,840 --> 00:22:17,400 Whether it's like. 877 00:22:17,440 --> 00:22:18,280 Ancient Roman history. 878 00:22:18,320 --> 00:22:19,040 Cryptocurrency. 879 00:22:19,080 --> 00:22:20,080 Sourdough bread. 880 00:22:20,120 --> 00:22:21,280 Whatever you're passionate about. 881 00:22:21,320 --> 00:22:22,280 You need to come in authority. 882 00:22:22,320 --> 00:22:23,280 Own that space. 883 00:22:23,320 --> 00:22:24,080 Exactly. 884 00:22:24,120 --> 00:22:26,520 And I love how he connected this back to. 885 00:22:26,560 --> 00:22:28,080 The emotional element. 886 00:22:28,120 --> 00:22:30,120 The emotional element of storytelling. 887 00:22:30,160 --> 00:22:31,120 It's not just about. 888 00:22:31,160 --> 00:22:32,520 Exciting facts and figures. 889 00:22:32,560 --> 00:22:32,920 No. 890 00:22:32,960 --> 00:22:35,160 It's about making people feel something. 891 00:22:35,160 --> 00:22:35,720 Yeah. 892 00:22:35,760 --> 00:22:38,920 Sparking their curiosity and making your message memorable. 893 00:22:38,960 --> 00:22:40,320 It's about leaving an impression. 894 00:22:40,360 --> 00:22:41,160 Exactly. 895 00:22:41,200 --> 00:22:42,560 Speaking for lasting impressions. 896 00:22:42,600 --> 00:22:43,200 Yeah. 897 00:22:43,240 --> 00:22:45,040 I keep thinking about that bucket of sand analogy. 898 00:22:45,080 --> 00:22:46,000 Yeah. 899 00:22:46,040 --> 00:22:47,240 It's just such a good visual. 900 00:22:47,280 --> 00:22:49,200 For understanding compound interest. 901 00:22:49,240 --> 00:22:52,080 It really encapsulates Galway's message about investing. 902 00:22:52,120 --> 00:22:53,280 Start early. 903 00:22:53,320 --> 00:22:54,440 Stay consistent. 904 00:22:54,480 --> 00:22:56,080 Let your wealth grow organically. 905 00:22:56,120 --> 00:22:57,280 Over time. 906 00:22:57,320 --> 00:22:59,480 But he also stressed that it's not just about. 907 00:22:59,520 --> 00:23:00,720 Mindlessly. 908 00:23:00,760 --> 00:23:02,520 Throwing money at the market. 909 00:23:02,560 --> 00:23:02,920 Yeah. 910 00:23:02,960 --> 00:23:04,120 You need a plan. 911 00:23:04,120 --> 00:23:05,320 A strategy. 912 00:23:05,360 --> 00:23:08,080 You need a roadmap for your financial journey. 913 00:23:08,120 --> 00:23:10,560 And that's where his algebra of wealth comes in. 914 00:23:10,600 --> 00:23:11,520 Right. 915 00:23:11,560 --> 00:23:13,720 Find a career with high earning potential. 916 00:23:13,760 --> 00:23:16,520 Develop disciplined spending habits. 917 00:23:16,560 --> 00:23:18,520 Embrace that stoic mindset. 918 00:23:18,560 --> 00:23:20,360 Diversify your investments. 919 00:23:20,400 --> 00:23:21,800 Those are all key elements. 920 00:23:21,840 --> 00:23:23,040 His framework. 921 00:23:23,080 --> 00:23:24,400 And he even suggested like. 922 00:23:24,440 --> 00:23:25,200 What was it. 923 00:23:25,240 --> 00:23:26,840 Turning saving into a game. 924 00:23:26,880 --> 00:23:27,400 Oh yeah. 925 00:23:27,440 --> 00:23:28,680 Like challenging your friends. 926 00:23:28,720 --> 00:23:30,480 To see who can spend the least amount of money. 927 00:23:30,520 --> 00:23:33,040 It's a fun way to build those healthy habits. 928 00:23:33,080 --> 00:23:33,480 Yeah. 929 00:23:33,480 --> 00:23:34,800 Especially early on. 930 00:23:34,840 --> 00:23:35,280 Yeah. 931 00:23:35,320 --> 00:23:36,080 When you're younger. 932 00:23:36,120 --> 00:23:37,040 Make it a competition. 933 00:23:37,080 --> 00:23:37,840 Exactly. 934 00:23:37,880 --> 00:23:39,440 You know as we've been going through all of this. 935 00:23:39,480 --> 00:23:40,040 Yeah. 936 00:23:40,080 --> 00:23:44,080 I've been thinking about how Galway's advice. 937 00:23:44,120 --> 00:23:45,920 It's not just about finance. 938 00:23:45,960 --> 00:23:47,320 It's about life. 939 00:23:47,360 --> 00:23:48,520 It's about life. 940 00:23:48,560 --> 00:23:49,280 Yeah. 941 00:23:49,320 --> 00:23:50,520 He seems to have this knack. 942 00:23:50,560 --> 00:23:52,920 For distilling these complex ideas. 943 00:23:52,960 --> 00:23:55,160 Into these really simple. 944 00:23:55,200 --> 00:23:56,320 Actual steps. 945 00:23:56,360 --> 00:23:58,800 Whether it's about investing or relationships. 946 00:23:58,840 --> 00:23:59,640 Or just like. 947 00:23:59,680 --> 00:24:00,560 Navigating life. 948 00:24:00,600 --> 00:24:00,840 Yeah. 949 00:24:00,880 --> 00:24:02,840 Navigating the ups and downs of life. 950 00:24:02,840 --> 00:24:04,560 And he's so relatable. 951 00:24:04,600 --> 00:24:05,160 He is. 952 00:24:05,200 --> 00:24:07,560 He doesn't shy away from sharing his own like. 953 00:24:07,600 --> 00:24:08,600 Vulnerabilities. 954 00:24:08,640 --> 00:24:10,200 Vulnerabilities and mistakes. 955 00:24:10,240 --> 00:24:10,600 Yeah. 956 00:24:10,640 --> 00:24:12,800 He's not afraid to admit that he's messed up. 957 00:24:12,840 --> 00:24:14,840 Which makes his advice even more credible. 958 00:24:14,880 --> 00:24:15,640 Yeah. 959 00:24:15,680 --> 00:24:16,840 Because he's been there. 960 00:24:16,880 --> 00:24:18,040 He's not just like. 961 00:24:18,080 --> 00:24:19,440 Preaching from a pedestal. 962 00:24:19,480 --> 00:24:19,840 Yeah. 963 00:24:19,880 --> 00:24:21,440 He's down in the trenches with us. 964 00:24:21,480 --> 00:24:23,480 Figuring things out as he goes along. 965 00:24:23,520 --> 00:24:25,320 And I love that he's got a sense of humor about it. 966 00:24:25,360 --> 00:24:25,920 Oh yeah. 967 00:24:25,960 --> 00:24:26,760 He's funny. 968 00:24:26,800 --> 00:24:27,120 Yeah. 969 00:24:27,160 --> 00:24:28,360 He doesn't take himself too seriously. 970 00:24:28,400 --> 00:24:29,800 Remember that story about the Premier League. 971 00:24:29,840 --> 00:24:30,520 Oh yeah. 972 00:24:30,520 --> 00:24:32,880 He became like a die hard soccer fan. 973 00:24:32,920 --> 00:24:34,520 Just because his sons are obsessed with it. 974 00:24:34,560 --> 00:24:36,080 And he's like I don't even like sports. 975 00:24:36,120 --> 00:24:37,520 But he loves his sons. 976 00:24:37,560 --> 00:24:38,760 It's so funny. 977 00:24:38,800 --> 00:24:39,760 It's a good reminder. 978 00:24:39,800 --> 00:24:42,800 It's a reminder that like sometimes you just got to. 979 00:24:42,840 --> 00:24:44,640 Step outside your comfort zone. 980 00:24:44,680 --> 00:24:45,760 Step outside your comfort zone. 981 00:24:45,800 --> 00:24:46,960 And embrace the things. 982 00:24:47,000 --> 00:24:48,600 That matter to the people you love. 983 00:24:48,640 --> 00:24:48,840 Yeah. 984 00:24:48,880 --> 00:24:49,240 Exactly. 985 00:24:49,280 --> 00:24:51,240 It's about prioritizing relationships. 986 00:24:51,280 --> 00:24:51,880 Yeah. 987 00:24:51,920 --> 00:24:55,240 And I think that ties back to his whole message about. 988 00:24:55,280 --> 00:24:57,080 Wealth being a whole person project. 989 00:24:57,120 --> 00:24:58,520 It's not just about the money. 990 00:24:58,520 --> 00:25:01,080 It's about investing in your relationships. 991 00:25:01,120 --> 00:25:02,200 Your well-being. 992 00:25:02,240 --> 00:25:05,160 Living a life that's aligned with your values. 993 00:25:05,200 --> 00:25:06,600 Goodness said it better myself. 994 00:25:06,640 --> 00:25:09,600 So as we wrap up this deep dive into the world of Scott Galloway. 995 00:25:09,640 --> 00:25:10,120 Okay. 996 00:25:10,160 --> 00:25:12,600 I want to leave our listeners with his final thought. 997 00:25:12,640 --> 00:25:13,120 Okay. 998 00:25:13,160 --> 00:25:14,520 Remember. 999 00:25:14,560 --> 00:25:16,440 Wealth is a tool. 1000 00:25:16,480 --> 00:25:17,640 It's a means to an end. 1001 00:25:17,680 --> 00:25:17,960 Yeah. 1002 00:25:18,000 --> 00:25:19,360 It can be a powerful tool. 1003 00:25:19,400 --> 00:25:21,160 For creating a life you love. 1004 00:25:21,200 --> 00:25:22,480 But it's not the only tool. 1005 00:25:22,520 --> 00:25:24,520 And it's certainly not the end goal. 1006 00:25:24,560 --> 00:25:25,360 Invest in yourself. 1007 00:25:25,400 --> 00:25:26,760 Invest in your relationships. 1008 00:25:26,800 --> 00:25:28,400 Invest in your dreams. 1009 00:25:28,400 --> 00:25:32,320 And as Galloway said, squeeze all the juice out of this lemon called life. 1010 00:25:32,360 --> 00:25:33,600 Well said. 1011 00:25:33,640 --> 00:25:34,720 That's a wrap everyone. 1012 00:25:34,760 --> 00:25:36,200 Thanks for joining us. 1013 00:25:36,240 --> 00:25:38,080 We hope you enjoyed this deep dive. 1014 00:25:38,080 --> 00:25:59,560 And we'll catch you on the next one.