688: Scott Galloway (Prof G) on Why Smart Investors Stay Away from “Sexy”
Scott Galloway, NYU professor commonly known as “Prof G,” thinks that America is adrift. Communities are dying, young people are feeling helpless, and wealth is slowly being sucked out of the system to give the ultra-rich even more comforts than before. The average American merely wants to make it—having a house, a family, and maybe an ounce of peace. But with mainstream media violently pointing fingers at one another and the modern worker feeling desolate in the daily grind, what can we do to put this country on the correct course?
Scott knows that the game is rigged. He has strong feelings that real estate investors, like many of us, are playing with “cheat codes.” But, that doesn’t mean we’re doing anything wrong. Scott dives into his personal philosophy on who has taken advantage of this country, who needs the most help, and how a young, aspiring entrepreneur or investor can build wealth, without blindly buying into “sexy” assets.
Although Scott likes real estate (and wishes he bought more of it), he cautions young investors to take a step back and be intelligent with their investments. A few right moves when Scott was young allowed him to live the life he has today—but this was through hard work and taking the right action, not waiting for someone else to save him. No matter what age you are, what side of the political spectrum you fall on, or your feelings toward real estate—Scott has words you’ll want to hear.
In This Episode We Cover:
Scott’s new book Adrift and why he thinks America’s course needs to be corrected
The biggest problems America is facing today and how a specific demographic is rigging the system
The bias against boys and how young men are left behind
How young people can get ahead and why they should steer clear of “sexy” investments
Fiat money, cryptocurrency, and how the American dollar is quickly losing its value
The real estate “cheat codes” that any investor can take advantage of
How YOU can create change in the world that will lead to more equality, friendship, and connectivity
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Book Mentioned in the Show
Adrift by Scott Galloway
Connect with Scott:
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-688
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