"I can get you rich, that’s the good news. The bad news is it will happen slowly."
Scott Galloway
Professor, Podcaster, Thought-Leader
Professor Scott Galloway has a simple warning for anyone looking to build wealth: “I can get you rich, that’s the good news. The bad news is it will happen slowly.” Before you dive into the mechanics of financial literacy, you need to clear the "get-rich-quick" noise from your head. True wealth isn't about the lucky strike; it’s about three unsexy, undeniable truths:
- The Math of Patience
Most people underestimate what happens when you leave money alone. Compounding is a back-loaded miracle; the real "magic" doesn't happen in year 5, it happens in year 25.
The Trap: Trying to "optimize" your way out of waiting.
The Reality: Time is the only leverage you can actually control. The earlier you start, the less "talented" you have to be at investing.
- The Boring Path is the Only Path
The "slow" part isn't a bug; it's a feature. Modern media sells the 22-year-old crypto millionaire or the overnight startup success because those stories get clicks.
The Provocation: Day trading and "hustle porn" are tax-efficient ways to stay poor.
The Strategy: Wealth is a mathematical certainty for those who diversify, automate their savings, and embrace the boredom of the long game.
- Your "Burn" is Your Boss
You aren't rich because you have a high salary. You are rich when your passive income—money earned while you sleep—exceeds your "burn" (your monthly expenses).
The Equation: If you make $500k but spend $501k, you’re poor.
The Goal: Focus less on the "prestige" of your income and more on the gap between what you make and what you spend. That gap is your ticket to freedom.
Page updated
Report abuse