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Why Scott Galloway Is Still Afraid of Going Broke

Prof G Markets

164,767 views

Today on Prof G Markets, Scott Galloway and Ed Elson discuss how Scott’s relationship with money has evolved over the course of his life. They unpack the exact moment that Scott became obsessed with money, how it became an addictive substance, and why he still has fears of going broke. He ends with advice on how to get through financial hardships.

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Timestamps:
00:00 Preview
00:32 Today's number
01:24 Today's episode
01:54 How much money is enough?
11:48 Is Scott spending too much money?
17:32 Why do you keep working at this point of your life?
29:47 Ad break
32:36 Why did you become a professor?
40:00 Were you always politically motivated?
48:18 Ad break
44:58 What would happen if you lose all your money?
51:41 What would you tell someone who wants to be financially successful like you?
58:04 Credits

Follow Scott on Instagram:
Instagram: profgalloway

Follow Ed on Instagram, X and Substack:
Instagram: ed_elson_
Twitter: edels0n
https://substack.com/@edwardelson

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20 Comments

@paulditta1773 1 month ago

My friend is a personal chef and he's landed a gig cooking for royalty on their private jet. He said the steaks have never been higher...

@mikerocks-macqueen4533 1 month ago (edited)

I am down with Scott’s mentality. It’s ok to be rich, and it is also ok to do good and treat people well when you have money.

@katiewon 1 month ago

Scott your story about the shame of not having money and your mom’s illness was gut wrenching. Thank you for sharing. I believe your experience could make universal healthcare a reality because this is something most Americans want.

@joey_pedras 1 month ago

When Scott talks about his mom it always hits me. I always wanted to put myself in a position to help my parents and my sister who survived cancer when I was a teen. I definitely haven’t made it as far as Scott but I’m trying. Thank you for the vulnerability, Scott. That’s the point of all of this.

@server5853 1 month ago

Asking finance people about happiness is like asking a flat-earther about spherical geometry.

@xavloz 1 month ago

What an episode guys. Thanks for going deep into your intimate relationship with money. That was insightful on a lot of levels.

@EricGage 1 month ago

I really appreciate Scott's honesty in this conversation.

@Active_Nature5526 1 month ago

You hit a number you wanted to HAVE, and now you are spending the excess to live life and help those around you. Thats NOT the hamster wheel

@markwallace2064 1 month ago

I have come to enjoy hearing Scott Galloway over the years. I started when he was talking about Amazon, Apple, Facebook, and Google. He has been refreshing in being open and talking more like a human being than a CEO / CFO type. His ability to look beyond the goal of earning more money without looking at the impact on society and the worker of the companies is what I believe needs to be reviewed. I wish more people in his position would be helping to bring conversations to the table. I also really enjoy Ed Elson. I continue to be impressed with his ability to have meaningful dialogue and discussions about the market, the impact of financial decisions on the regular worker/citizen. I may not agree with every perspective of Scott or Ed, but I willingness to have discussions and look beyond the Gordon Gekko types. I appreciate being able to learn from this channel.

@robert_reichert 1 month ago

Freedom's not checking the balance everyday, not weighing every choice against the cost.

@belloa011 1 month ago

I love the podcast, especially the truthfulness, openness, and vulnerability that Scott shows. I love the shows ethos and always impressed with Eds thoughtfulness and I get the impression that everyone associated with the show has a good heart and aim at bringing humanity to everything they do. The theme of this pod should be the Wutang Clan's CREAM

@janne2073 1 month ago

Welcome back. I hope you enjoyed your vacation.

@KaleoSelah 1 month ago

sooo good! thanx forbeing so real and connected mates

@juliegibbs8346 1 month ago

These two are awesome. Scott has a high-level perspective of the world and life, and he is brutally honest. Very refreshing.

@dlerman66 1 month ago

I've been following for years and I always loved these personal posts/episodes you make once in a while (quarter?). They synthesize the pod - honest, open, human, thoughtful. Thanks!

@CCFelton94 1 month ago

I actually love this conversation so much, and I'm not just talking about the financial situation, but the joy of being able to just live life their way. Yeah, I love it.

@c-note 1 month ago

Thank you for the vulnerability you shared in this episode, Scott. It is refreshing to hear such an honest conversation about the relationship between money, anxiety, and finding a sense of "enough." I truly appreciate your openness and always learn a great deal from your perspective.