The Algebra of Wealth

A Simple Formula for Financial Security

De: Scott Galloway

Narrado por: Scott Galloway

Duración: 8 h y 29 m

Resumen del Editor

AN INSTANT #1 NEW YORK TIMES BESTSELLER

A must-have guide to optimizing your life for wealth and success, from bestselling author, NYU professor, and cohost of the Pivot podcast Scott Galloway

Today’s workers have more opportunities and mobility than any generation before. They also face unprecedented challenges, including inflation, labor and housing shortages, and climate volatility. Even the notion of retirement is undergoing a profound rethink, as our lifespans extend and our relationship with work evolves. In this environment, the tried-and-true financial advice our parents followed is no longer enough. It’s time for a new playbook.

In The Algebra of Wealth, Scott Galloway lays bare the rules of financial success in today’s economy. In his characteristic unvarnished, no-BS style, he explains what you need to know in order to better your chances for economic security no matter what. You’ll learn:

• How to find and follow your talent, not your passion, when making career decisions
• How to ride and optimize big economic waves (hard truth: market dynamics always trump individual achievement)
• What small steps you can take that pay big returns later, including diversification and tax planning
• How stoicism can help you minimize spending and develop better financial habits

Brimming with wise, game-changing advice from one of the world’s most popular business school professors, The Algebra of Wealth offers a powerful framework for making the most of what opportunities come your way.

©2024 Scott Galloway (P)2024 Penguin Audio

Reseñas de la Crítica

“Profoundly insightful and a joy to read. Few explain complicated topics better than Scott Galloway.”—Morgan Housel, New York Times bestselling author of The Psychology of Money

“The decisions you make at the beginning of your professional life have a compounding impact on your chances of success, and this invaluable guide will steer you toward an optimal outcome.”—Annie Duke, bestselling author of Thinking in Bets

“The Algebra of Wealth is a book that is about far more than investing and wealth. It’s about how your life choices play out in your financial standing and wealth, and Scott delivers his lessons with humor and panache. I cannot recommend it strongly enough!"—Aswath Damodaran, professor of finance, Stern School of Business, NYU

Wish I had this wisdom at the start of my career

I am gifting this book to both my kids. Life lessons and wisdom that everyone should carry with them!!

The value of the content

Excellent ’read’ of a critical subject. Sent a couple copies to my kids to help get them started sooner than later.

Buy several copies!!

If you want to do something to improve the future of the country buy a few copies of this book, and give them to your kid, or any young person you want to see get ahead. Scott Galloway is knowledgeable, witty and self deprecating, but his authenticity is what screams at you. He isn’t just talking, he has done it, lived it and willing to take the time to reach back and give the next generation a hand up - grab it! He examines and redefines long held concepts, that no longer work. He exposes and lays bare the basic knowledge, that no one explains, but is vital to financial success. No get rich quick schemes here, just a tried and true formula. This is the book every sixty year old wishes someone had given them when they were 20 or 30. Can’t wait to put it in the hands of my Gen Z son.

Great listen. Recommended to my kids

Very intuitive explanation for reality of personal finance. And also a touching and motivating narrative for people to seriously consider it in their lives.

A solid foundation in financial literacy

Excellent points mixed with personal experience. I really appreciated Scott’s take on diversification for entrepreneurs. Well worth the read.

The best book I read in 2024, Hands Down!

The best book I read in 2024, Hands Down!

The most powerful idea I got from this book is that success demands that you follow your talents NOT your passion. Talent is the thing that you can do easily, that comes in naturally to you, that you find effortless and don’t even consider it to be of value, while others consider it difficult, undesirable, and hard to do so much that they don’t do it because they can’t or won’t. Talent is a complex thing, it’s not just you being able to play a musical instrument well, so don’t conflate talent with skill. Talent can be the synergistic focal point of multiple skills and interests, gut feeling and intuition, natural propensity to learn something super fast and to master it in an extremely short period of time. A talent is a strength point that others recognize in you immediately and then ask you to help them do it or do it for them on a regular basis. It might even annoy you that people keep asking you to do it because, as already mentioned, you find it too easy so much that you assume it’s just as easy to do by other people and that they’re just lazy to do it themselves and want to infringe on your time for no good reason.

So that is talent and it’s your strong muscle that you need to keep training, improving and upgrading. It’s your gold mine and your path to tremendous success in a short period of time. This is your high income ticket that you can leverage into a source of financial security which in itself can be leveraged to attain success, reputation, wealth, and mastery.

Understanding how to map and design your life doesn’t come easily to people. None of this is easy, but understanding how the machinery works is the first step to building a life that you can be proud of. And remember the joy of life is in the journey, it’s in figuring these things out and then walking the path savoring each step along the way.

The best piece of advice in the book is to realize that time will go by faster than you think and that you should do whatever is necessary to reach financial security as soon as possible and then let time be your ally

Five Stars ⭐️⭐️⭐️⭐️⭐️

An excellent primer on investment for the individual

Scott is attempting to add transparency to an industry that does not provide it. He provides a great service to us all.

Sage Financial and Wisdom

Scott is a great story teller and this book delivers holistically the concepts of Financial security and other angles to consider.

Just good advice

He knows what he is talking about. I wish I’d done what I was supposed to when I was young but I’m catching up now. Get rich slow!

Outstanding

Enjoyed the read. Have a better financial blueprint as a young person in 2024. Thank you.