Scott Galloway: The BIGGEST Money Mistake That’s Keeping You Broke!

About this episode

Do you track your spending?  What’s your biggest money mistake? In today’s episode, Jay welcomes Scott Galloway, one of the most insightful voices in personal finance and wealth creation. If you've been struggling to make ends meet, wondering why you're not earning enough, or seeking financial security, this conversation is a must-listen. Jay and Scott kick off by exploring the surprising reasons why 30-year-olds are earning less than expected. They dive into the practical steps individuals can take to change their financial trajectory, discussing topics like saving, investing, and overcoming mental blocks to making money. Scott emphasizes the importance of financial literacy, encouraging listeners to start conversations about money and investments. He also challenges conventional wisdom, suggesting that pursuing talent over passion might be the key to financial success. In this interview, you'll learn: Why 30-year-olds are earning less and how to break the cycle Practical strategies for saving and investing How to overcome mental blocks to making money Why talent trumps passion in achieving financial success How to rewire your stressful relationship with money Effective communication strategies for discussing money in relationships If you've felt frustrated, stuck, or uncertain about your financial future, remember this: taking control of your financial health is within your reach. With this conversation, you'll gain the insights and practical advice needed to transform your relationship with money. With Love and Gratitude, Jay Shetty. Join over 750,000 people to receive my most transformative wisdom directly in your inbox every single week with my free newsletter. Subscribe here. What we discuss: 00:00 Intro 02:00 Why Are 30-year-olds Earning Less? 06:07 What Can They Do To Change This For Themselves? 10:52 How Do I Save?  16:19 What Blocks Us From Making Money?  22:39 Should Young People Aspire For The American Dream?  25:02 Financial Security: What To Pursue 31:35 Rewiring Your Stressful Relationship With Money 38:03 Communicate About Money In Healthy Relationships 41:03 Talent Over Passion 45:52 Finding Your Talent 49:26 Every Experience Is An Added Skill 55:22 Forgive Yourself 59:15 Prioritizing And Evaluating Your Efforts  01:03:23 Building A “Great” Mindset 01:08:29 The Financial Content 01:12:49 Summary 01:13:41 Scott on Final Five Episode resources: Scott Galloway| Website Scott Galloway| Instagram  Scott Galloway| Tiktok  Scott Galloway| Linkedin Scott Galloway| YouTube  Scott Galloway| X See omnystudio.com/listener for privacy information. Learn more about your ad choices. Visit podcastchoices.com/adchoices