The Jordan Harbinger Show

1074: Scott Galloway | Solving the Algebra of Wealth

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Synopsis

From wealth transfer myths to smart career moves, NYU Professor Scott Galloway reveals how to build real financial security in today's economic landscape. What We Discuss with Scott Galloway: The wealth transfer from Baby Boomers to younger generations ($18 trillion) is highly uneven and won't solve economic inequality. Many people will inherit nothing or even have to support their aging parents, while a small number will receive substantial inheritances, further widening the wealth gap. "Follow your passion" is dangerous career advice, typically given by people who are already wealthy. Instead, focus on finding something you're good at that can provide economic security — mastery and success will lead to passion naturally. Job-hopping every two or three years often leads to higher earnings, as companies tend to undervalue existing employees and overvalue new hires. However, switching jobs too frequently (multiple times per year) can make you appear unreliable. Economic security isn't about being rich —