I would love a section at the end of the video after the guest has left where Colin and Samir have a short discussion and talk about their thoughts on the interview.
I agree! most podcasts I listen to have a while at the end where the host is like "wow that was a great guest" , have a little chat and its just a nice way to end it off
Definitely - people watch Colin & Samir for their* insights on this industry. Taking 5-10 minutes breaking down and summarizing what they got out of an interview, particularly one as abstract yet valuable as this one, would be an awesome addition to these podcasts
@@isaacnewton3514of course mate. Scott focuses on it in the algebra of happiness video I believe. He says assume you are not that person. That person that earns 6 figures, runs a side hustle , is the life of any party, has a perfect family and is brilliant. Assume you are not them and play it safe. I’m butchering it but listen to the source material and it will hit
@@isaacnewton3514 A lot of people think they are more special or talented than they really are -- they think they are "That Guy". This belief is fantastic when you are Lionel Messi, or Mark Zuckerberg, or Oprah Winfrey. They go all in, and they win big. That belief is crippling if you are not part of the exceptional 0.01% success story -- you have gone all in, and lost everything. "Assume you are not" means you hedge your bets.
It takes guts to argue for "boring industries" on a podcast for a "vanity industry"! Scott always has such an interesting balance of deep analysis and irreverent truth. One my favorite episodes you've ever done. Thx for this one!
1:07:32 The Algebra of Wealth: 1. Focus - don’t follow your passion, follow your talent. 2. Stoicism (discipline) 3. Save more than you spend 4. Compound interest and time 5. Power of diversification
Spending $25k per month is insane. Even tho they’re top 100 they’ll likely fall away as other podcasters who are better at managing the business will soar past them.
I kid you not, this might be the only time I saw Colin and Samir realizing, they need to relisten to this interview a few times themselves. Scott was delivering golden nuggets at 120mph…
Wealth isn't just about money; it's about mindset. As Seneca observed, 'Wealth consists not in having great possessions, but in having few wants.' True richness comes from understanding your values and aligning them with your actions. Galloway's formula starts with that understanding.
Thank you for introducing me to Scott Galloway, I have taken many notes from this podcast and the biggest takeaway that I took from this was the Sam Harris quote that he retold. "If you have people who love you unconditionally and if you have economic security, you have an obligation to speak your mind." As a creator lucky enough to have both, I understand now why I need to keep on the path of sharing my opinion on things. I write 10 video ideas down daily, I am continuously improving my craft, and I love doing it. Thank you both for sharing this content, I will be here for the next one.
Amazing interview. I watch Scott a lot. Lots of pods and this was the first one this year that felt completely different. He spoke about specifics on podcast and media. Amazing. Thank you.
Good stuff. I think Devin Nash would be a great guest. Former CEO of CLG and currently owns a marketing agency. Makes super informative videos about the content creation world, a lot of it from the advertising and financial standpoint.
This was a damn good interview. Scott is such a wonderful storyteller. Great interview, gang! It seriously inspired me to start creating again! Thank you!!!
I really enjoyed this one and the real talk of it all. It was really interesting to hear about the vanity industries and inverse relationships of ROI. I have never thought about it that way, but it makes incredible sense. As someone who started as a sculptor of all things and then went into engineering, it's great advice.
oh wow. I didnt expect this collaboration to be a thing haha. Great guest. I don't see the audience meshing though. But fucking love to see all these people I admire getting to know each other.
Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. This dedication to continuous learning is inspiring...managed to grow a nest egg of around 2.1BTC to a decent 11B TC in the space of a few weeks... I'm especially grateful to Milton Harper, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape..
Indeed, the recent market downturn serves as evidence that a vast majority of individuals lacked a sufficient understanding of the underlying financial dynamics at play.
Im not suggesting that you get more guests that are this radically different than your normal guest list, but this was very refreshing and interesting take. Thanks for posting!
PLEASE DUB THIS EPISODE INTO PORTUGUESE, I THANK YOU SO MUCH FOR BRINGING YOUR CONTENT TO PORTUGUESE, I HAVE A PODCAST HERE IN BRAZIL AND I HAVE LEARNED A LOT FROM YOU.
The non-verbal communication of Colin and Samir on this one was so interesting to watch. Maybe it was the camera angle compared to the usual setup…Great interview thank you!
interesting how little you all spoke in this one -- cool how Scott was able to run with your prompts and hold attention. most of your conversations are conversations, but this was as much a lecture + lesson (definitely a good thing).
I've honestly never heard of this guy before. Now I have because of you guys', so thank you for that! I do love storytelling and this guy is quite intriguing. Also, I would totally take that $100k, or the truck. Not a fan of Tesla's anymore, thanks to Elon. Sucks I'm not from America for an entry! Haha.
This is so informative. I didn't saw the episode but the intro toke me in, especially the quote when he said giving his son drugs instead of a Snapchat or IG accounts
Nah probably having this video with profane language is the bravest thing they've done. They haven't talked about the Jake Paul vs coffezilla and they won't have the guts to criticize another even bigger TH-cam creator!
who cares… they can make videos on what they want and they focus on the creator economy which the mr beast situation doesn’t really have anything to do with. Also which video will provide more value to everyone this one or a mr beast drama video?
9% is so good- expect 5 at best - no need to be a hero .. slow and steady and networking so that boats don’t ruin your credit lol- don’t be afraid of emerging markets even if they pay a dividend immediately.. but reinvest your dividends for compound interest.. and read - you don’t have to know everything.. if you see a product or service that you value and see potential- buy some and diversity in the industries- railroads and trucking
I'm...confused, I think. Don't get me wrong, I loved the thoughts and ideas; Scott said a TON of amazing things that were absolutely fascinating and genuinely made this an 80 minute listen that felt like much less. He was also super blunt and clear about the dangers of putting all your eggs in one basket with institutions like TH-cam that was real and necessary to hear. That said, by the end of it, after listening to all the questions C & S asked about how to succeed at being a creator, it felt like Scott said: " Do literally anything else instead." 😅 Did I miss something? If I did, tear me apart, please. But I genuinely feel like he basically said "Vanity industries do not make money for almost everyone involved. Creator-spaces are vanity industries. Don't do that." I guess it's just strange. For a channel about finding success on TH-cam, for the questions (to C & S's credit) being largely about how to find success (if even just moderate stability) on TH-cam, the answers seemed to boil down to " Don't do TH-cam."
I don't know what happened. I clicked on the video out of curiosity, couldn't look away and suddenly 80 great minutes have passed. Such a captivating talk.
Love Scott, but him saying he got a bonus for $23,000 at age 23 1:12:00 then immediately following it up by "a lot of money for 1988" kinda threw me off. That's a shit ton of money now especially for college students.
Fear and uncertainty create major wealth. It's those who take the risk and have strong gut to endure the bloody days. When i notice extreme dips i tend to actually move more money to Bitcoin
I feel sympathy for our country, low income people are now suffering to survive yet inflation and recession keep increasing daily, many families can't even enhance the good cost of living anymore. You've helped me a lot Sir Brian! Imagine I invested $50,000 and received $190,500 after 14 days
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
You guys were into field hockey right? What did you see that could offer the players something better or more safe.. how about at night? How about to transport. This is me appreciating you guys! Keep it simple - show up for the roots of where you came from.. and the community will appreciate you
For a long time, the idea of achieving a long-term means of financial security felt out of reach for me, especially since I started contributing much later than most. I realized that relying on ETFs and bonds alone wouldn’t be enough for me. But I did some research and found a strategy that made a big difference, and it helped me retire with $3 million. Just sharing my experience, I know everyone’s journey is different
It’s worth noting that luck often plays the significant role in investing, sometimes even more than the resources involved. Without it, its challenging
In my experience, luck plays a part, especially in the short term. But I’ve noticed that when results remain consistent, it usually indicates something more than just luck. For me, research was the challenge until It led to Emily Ava Milligan, a fund manager. I thought her strategy made sense, it contributed to growing 400k into this and counting
For the longest time, I too thought financial security was out of reach-especially since I started contributing so late (you know, after I stopped waiting for my magical unicorn to bring me gold). Relying on ETFs and bonds alone? Pfft, rookie mistake! But then I did some research (definitely not a Google search at 2 AM), and boom-now I’m retired with $3 million. No big deal. Just casually sharing my groundbreaking discovery that sounds way too good to be true, because why not? Everyone's journey to becoming a secret millionaire is different, right?
In his algebra of wealth, he talks about a high barrier to entry that leaves out 90% of people. And of course, this barrier to entry is heavily correlated with high pay. But if only the 10% can benefit from this advice while the 90% fail, this really doesn't solve the problem for most people. And the other 2 steps (discipline + time), are really about how to manage the wealth created, but if you are unable to create it in the first place because 90% of people won't make it, then they are irrelevant. He's too intelligent not to know this. I feel often he gives advice he doesn't really believe is a solution, but it's better than saying "there is no hope for most people", which I think is what he really believes.
Doesn’t building an audience online in a non vanity industry make it now a vanity field? For example if I become an accountant, then make TH-cam shorts which then become extremely popular does that make me have a vanity job now? I’m challenging can’t anything be a vanity industry if given a certain spin to it. Thanks for the video.
27:49.. I’ve been more hesitant on suggesting “revolution “ and or “disruption “ because once the high earners gain the triple black (that’s a ski reference) then two things may be true: the system didn’t change and or “the next viva la revolution” will inevitably come too.. so don’t forget to take care of your fellow creators. Not everyone needs to be “hazed” and not everyone needs to be “have sunshine blown up their ass right?”
Who said I like listening to ad reads? Literally pay for an ad free experience and don’t get one, actually one of the more frustrating aspects of YT premium.
Super interesting takes from Scott--I am a big fan, and also an ad buyer in podcasting. I think he's wrong--I've also placed ads for products on his show... It's not just the top 200, though disproportionally they do make the most. If you can accumulate 10,000 engaged downloads per episode on a weekly show, you can Gross near $100k annually. That's easier said than done. 6 ads per episode @ $250/400 per ad. ($1500-2000/episode in ad dollars) Not including other bespoke partnerships. Engaged 10k downloads is key. But this is super doable and we spend on 1,000+ shows per month all above these metrics--so it's a lot more than just the top 200--though I think if your floor is making $1M+ annually gross as a podcast business then Scott's fairly accurate. There's likely less than about 300 shows doing $1M+ in ad revenue per year.
$100k gross isn't that much in my area with cost of living especially if cost is $25k on average... Enough for me maybe but not if i have a family or a mortgage with a 7% interest rate...
@@maresae I agree, it’s not “a lot.” Nor is 10,000 download per episode. And I think $100k is conservative considering the baseline of it being a good show. Point being, dependant on what you think is enough that would change the baseline-Scott with a Family living in London or formerly SoHo NYC is not a good barometer for the American public. $100k in middle America or anywhere outside the top 10 metro is phenomenal with that little reach needed
Im changing one thing in the algebra. He got all his wealth with focus and not diversifying and going all in. Diversity is the enemy of growing wealth. Where you want diversity is after you have made your wealth to protect it. That’s the one thing I would change.
I would love a section at the end of the video after the guest has left where Colin and Samir have a short discussion and talk about their thoughts on the interview.
I agree! most podcasts I listen to have a while at the end where the host is like "wow that was a great guest" , have a little chat and its just a nice way to end it off
Definitely - people watch Colin & Samir for their* insights on this industry. Taking 5-10 minutes breaking down and summarizing what they got out of an interview, particularly one as abstract yet valuable as this one, would be an awesome addition to these podcasts
Yes please!
I agree like Montel Williams did on his show. Basically, Colin and Samir reaction.
Love this idea. How long do you think that section should be?
I’ve listened to Scott for nearly a decade. His “assume you are not” advice changed my life. I can’t wait to watch this
Can you elaborate on this advice?
@@isaacnewton3514of course mate. Scott focuses on it in the algebra of happiness video I believe. He says assume you are not that person. That person that earns 6 figures, runs a side hustle , is the life of any party, has a perfect family and is brilliant. Assume you are not them and play it safe. I’m butchering it but listen to the source material and it will hit
@@isaacnewton3514 A lot of people think they are more special or talented than they really are -- they think they are "That Guy". This belief is fantastic when you are Lionel Messi, or Mark Zuckerberg, or Oprah Winfrey. They go all in, and they win big.
That belief is crippling if you are not part of the exceptional 0.01% success story -- you have gone all in, and lost everything. "Assume you are not" means you hedge your bets.
What is your net worth now? how much has it grown from listing to Scott
It takes guts to argue for "boring industries" on a podcast for a "vanity industry"! Scott always has such an interesting balance of deep analysis and irreverent truth. One my favorite episodes you've ever done. Thx for this one!
1:07:32
The Algebra of Wealth:
1. Focus - don’t follow your passion, follow your talent.
2. Stoicism (discipline)
3. Save more than you spend
4. Compound interest and time
5. Power of diversification
ty
cheers
And can confirm. I know someone who's a top 100 podcaster spending $25k/month and barely breaking even. Podcasting is wild.
Spending $25k as in that's their monthly revenue?
@@josecuervo99 they’re making that much. And spending that much trying to compete with the top 1%ers.
No that is his expense. If they break even then revenue is close to 25k.
Spending $25k per month is insane. Even tho they’re top 100 they’ll likely fall away as other podcasters who are better at managing the business will soar past them.
I kid you not, this might be the only time I saw Colin and Samir realizing, they need to relisten to this interview a few times themselves. Scott was delivering golden nuggets at 120mph…
Wealth isn't just about money; it's about mindset.
As Seneca observed, 'Wealth consists not in having great possessions, but in having few wants.'
True richness comes from understanding your values and aligning them with your actions. Galloway's formula starts with that understanding.
Thank you for introducing me to Scott Galloway, I have taken many notes from this podcast and the biggest takeaway that I took from this was the Sam Harris quote that he retold.
"If you have people who love you unconditionally and if you have economic security, you have an obligation to speak your mind."
As a creator lucky enough to have both, I understand now why I need to keep on the path of sharing my opinion on things. I write 10 video ideas down daily, I am continuously improving my craft, and I love doing it.
Thank you both for sharing this content, I will be here for the next one.
Yess thank you boys for this. See y’all at Vidsummit.
This is by far the best advise ive had all year, thank you for making this episode
Colin & Samir are the best because they're terrific listeners. Curiosity goes a long way in broadcasting.
Amazing interview. I watch Scott a lot. Lots of pods and this was the first one this year that felt completely different. He spoke about specifics on podcast and media. Amazing. Thank you.
I didn't have to watch Colin & Samir have an existential crisis before my eyes on the BINGO card for today, but I like it.
Cathy wood is also an advocate of buying high and selling low. She makes it up in volume.
This episode feels like a pivot by Colin and Samir. And I love it!
Dope conversation. Learned a lot. Thanks!
This was an awesome interview!
Good stuff. I think Devin Nash would be a great guest. Former CEO of CLG and currently owns a marketing agency. Makes super informative videos about the content creation world, a lot of it from the advertising and financial standpoint.
For all of you calculating at 1:18:08 ... 3% in this case is about $167 million. Anyway, super informative podcast, thanks guys!
Been a fan of Scott since I was like 14-16. He always seemed like he knew what he was talking about. Was not expecting him as a guest on the channel!
This was a damn good interview. Scott is such a wonderful storyteller. Great interview, gang! It seriously inspired me to start creating again! Thank you!!!
Amazing Episode! I could never articulate the way Scott does. His delivery alone is worth every dollar. Keep up the solid work Colin & Samir!
I really enjoyed this one and the real talk of it all. It was really interesting to hear about the vanity industries and inverse relationships of ROI. I have never thought about it that way, but it makes incredible sense. As someone who started as a sculptor of all things and then went into engineering, it's great advice.
Great interview! I'm surprised there wasn't an end card, CTA, or even mention of a follow-up video, and the one that popped up cut off your logo!
One of the best I’ve listened to, time to share this one with some friends. Thanks guys!
oh wow. I didnt expect this collaboration to be a thing haha. Great guest. I don't see the audience meshing though. But fucking love to see all these people I admire getting to know each other.
Amazing show. 100% retention on this one!!
Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. This dedication to continuous learning is inspiring...managed to grow a nest egg of around 2.1BTC to a decent 11B TC in the space of a few weeks... I'm especially grateful to Milton Harper, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape..
Indeed, the recent market downturn serves as evidence that a vast majority of individuals lacked a sufficient understanding of the underlying financial dynamics at play.
Nice info, i appreciate your concern this will help a lot especially to the young investors who have no or lesser knowledge on how the market works.
Milton Harper program is widely available online..
I appreciate the professionalism and dedication of the team behind Milton’s trade signal service.
sounds familiar, I have heard his name on several occasions.. and both his success stories in the wall Street journey!
Im not suggesting that you get more guests that are this radically different than your normal guest list, but this was very refreshing and interesting take. Thanks for posting!
PLEASE DUB THIS EPISODE INTO PORTUGUESE, I THANK YOU SO MUCH FOR BRINGING YOUR CONTENT TO PORTUGUESE, I HAVE A PODCAST HERE IN BRAZIL AND I HAVE LEARNED A LOT FROM YOU.
WOW this was a great episode full of wisdom thenks Colin & Samir
Great how you blend raw honesty with data, definitely a unique approach to creating impactful content.
Brilliant work, Gents! Great pod, fantastic guest. Cheers!
Just so many gems in this conversation! Thank you gentlemen!
Wow great episode. Prof G has a lot to offer !
5mins in and I know this will be a good one- love it!
So looking forward to this! The value in these episodes is always EPIC
The non-verbal communication of Colin and Samir on this one was so interesting to watch. Maybe it was the camera angle compared to the usual setup…Great interview thank you!
I thought this was Paddy Galloway's father for a second xD
Great guest, great talk, great hosts. Thanks for putting this together!
Excellent interview guys. Tons of great info ✌✌
interesting how little you all spoke in this one -- cool how Scott was able to run with your prompts and hold attention. most of your conversations are conversations, but this was as much a lecture + lesson (definitely a good thing).
I've honestly never heard of this guy before. Now I have because of you guys', so thank you for that! I do love storytelling and this guy is quite intriguing.
Also, I would totally take that $100k, or the truck. Not a fan of Tesla's anymore, thanks to Elon. Sucks I'm not from America for an entry! Haha.
This is so informative.
I didn't saw the episode but the intro toke me in, especially the quote when he said giving his son drugs instead of a Snapchat or IG accounts
Another amazing content
i got spam within 15 minutes after signing up for the ridge thing lmao
Kinda the same. Lol
You both are very good. Your platform is very good . 🌎 . I wish people could start a innovation Nation. To save the planet and human care thanks
This is pure gold for me, plain and simple.
I’ll have to come back for this one, at VidSummit this week. Stoked to see you guys speak!
Just watched this and couldn't stop looking at Scotts broken picture frame 😂
This was an excellent video!
The Advisory warning before the interview is unnecessary. The cuts to C&S while Scott is talking is hilarious.
Yo Colin and Samir.. when are you going to talk about the MrBeast situation?
Nah probably having this video with profane language is the bravest thing they've done. They haven't talked about the Jake Paul vs coffezilla and they won't have the guts to criticize another even bigger TH-cam creator!
who cares… they can make videos on what they want and they focus on the creator economy which the mr beast situation doesn’t really have anything to do with. Also which video will provide more value to everyone this one or a mr beast drama video?
@@eddiefara it would be totally fine if they would do a video like "biggest oopsies and how to avoid them or what to do if you screwed up.
They never will. MrBeast basically launched their channel. Never bite the hand that feeds you
Their silence is DEAFENING - especially after shilling for Beast for such a long time.
9% is so good- expect 5 at best - no need to be a hero .. slow and steady and networking so that boats don’t ruin your credit lol- don’t be afraid of emerging markets even if they pay a dividend immediately.. but reinvest your dividends for compound interest.. and read - you don’t have to know everything.. if you see a product or service that you value and see potential- buy some and diversity in the industries- railroads and trucking
Great episode, thank you
I'm...confused, I think.
Don't get me wrong, I loved the thoughts and ideas; Scott said a TON of
amazing things that were absolutely fascinating and genuinely made this an 80 minute listen that felt like much less. He was also super blunt and clear about the dangers of putting all your eggs in one basket with institutions like TH-cam that was real and necessary to hear.
That said, by the end of it, after listening to all the questions C & S asked about how to succeed at being a creator, it felt like Scott said: " Do literally anything else instead." 😅
Did I miss something? If I did, tear me apart, please. But I genuinely feel like he basically said "Vanity industries do not make money for almost everyone involved. Creator-spaces are vanity industries. Don't do that."
I guess it's just strange. For a channel about finding success on TH-cam, for the questions (to C & S's credit) being largely about how to find success (if even just moderate stability) on TH-cam, the answers seemed to boil down to " Don't do TH-cam."
No you got it right. I read his book - that’s a big take away. Don’t make a vanity industry your initial primarily driver for wealth creation
What does vanity mean? Creating no real value?
Love these comments and discussions
Another great episode
What camera/lens combo is this? It looks super crisp.
Canon c70 with a speedbooster and 16-35 2.8
@@JesseLeonno
Awesome video, big fan of your work and Scott’s. Keep it up. 👍 ❤
Scott is the very best!
This is Computer from The Bear Season 3 in real life.
I can't subscribe to your Newsletter!! :( the link is broken when you put your email
LOL i love how you changed the thumbnail to be less negative, was it because it was killing the CTR?
I don't know what happened. I clicked on the video out of curiosity, couldn't look away and suddenly 80 great minutes have passed. Such a captivating talk.
Love Scott, but him saying he got a bonus for $23,000 at age 23 1:12:00 then immediately following it up by "a lot of money for 1988" kinda threw me off. That's a shit ton of money now especially for college students.
This was a wealth of information.
Bravo 🙏🏾
Fear and uncertainty create major wealth. It's those who take the risk and have strong gut to endure the bloody days. When i notice extreme dips i tend to actually move more money to Bitcoin
I feel sympathy for our country, low income people are now suffering to survive yet inflation and recession keep increasing daily, many families can't even enhance the good cost of living anymore. You've helped me a lot Sir Brian! Imagine I invested $50,000 and received $190,500 after 14 days
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
I went and watched the video, it was worth it
Dude another thumbnail change . They’re killing it
I’m with Colin, 100k
So true,
You guys were into field hockey right? What did you see that could offer the players something better or more safe.. how about at night? How about to transport. This is me appreciating you guys! Keep it simple - show up for the roots of where you came from.. and the community will appreciate you
please can someone just answer me why you dont have the old intro music anymore ?
i hope thats what i needed^^
For a long time, the idea of achieving a long-term means of financial security felt out of reach for me, especially since I started contributing much later than most. I realized that relying on ETFs and bonds alone wouldn’t be enough for me. But I did some research and found a strategy that made a big difference, and it helped me retire with $3 million. Just sharing my experience, I know everyone’s journey is different
It’s worth noting that luck often plays the significant role in investing, sometimes even more than the resources involved. Without it, its challenging
In my experience, luck plays a part, especially in the short term. But I’ve noticed that when results remain consistent, it usually indicates something more than just luck. For me, research was the challenge until It led to Emily Ava Milligan, a fund manager. I thought her strategy made sense, it contributed to growing 400k into this and counting
I just searched for the name, and her page popped up as a top result. I’m curious to learn more, appreciate you pointing that out
For the longest time, I too thought financial security was out of reach-especially since I started contributing so late (you know, after I stopped waiting for my magical unicorn to bring me gold). Relying on ETFs and bonds alone? Pfft, rookie mistake! But then I did some research (definitely not a Google search at 2 AM), and boom-now I’m retired with $3 million. No big deal. Just casually sharing my groundbreaking discovery that sounds way too good to be true, because why not? Everyone's journey to becoming a secret millionaire is different, right?
In his algebra of wealth, he talks about a high barrier to entry that leaves out 90% of people. And of course, this barrier to entry is heavily correlated with high pay. But if only the 10% can benefit from this advice while the 90% fail, this really doesn't solve the problem for most people. And the other 2 steps (discipline + time), are really about how to manage the wealth created, but if you are unable to create it in the first place because 90% of people won't make it, then they are irrelevant. He's too intelligent not to know this. I feel often he gives advice he doesn't really believe is a solution, but it's better than saying "there is no hope for most people", which I think is what he really believes.
Prof G 😎
great content
These interviews are incredible as an upcoming creator. Watch me comment again in a few months on your channel and have way more subscribers :)
Doesn’t building an audience online in a non vanity industry make it now a vanity field?
For example if I become an accountant, then make TH-cam shorts which then become extremely popular does that make me have a vanity job now? I’m challenging can’t anything be a vanity industry if given a certain spin to it.
Thanks for the video.
Damn thats crazy… what do you think about the Mister B situation?
I love how intensely Colin listens. No offence Samir 😬
“Mr. No mercy no malice” 😂❤️
27:49.. I’ve been more hesitant on suggesting “revolution “ and or “disruption “ because once the high earners gain the triple black (that’s a ski reference) then two things may be true: the system didn’t change and or “the next viva la revolution” will inevitably come too.. so don’t forget to take care of your fellow creators. Not everyone needs to be “hazed” and not everyone needs to be “have sunshine blown up their ass right?”
Who said I like listening to ad reads? Literally pay for an ad free experience and don’t get one, actually one of the more frustrating aspects of YT premium.
Let’s go!!!!
You guys need to get Alex Hormozi on the show!
Super interesting takes from Scott--I am a big fan, and also an ad buyer in podcasting. I think he's wrong--I've also placed ads for products on his show... It's not just the top 200, though disproportionally they do make the most.
If you can accumulate 10,000 engaged downloads per episode on a weekly show, you can Gross near $100k annually.
That's easier said than done.
6 ads per episode @ $250/400 per ad. ($1500-2000/episode in ad dollars) Not including other bespoke partnerships.
Engaged 10k downloads is key.
But this is super doable and we spend on 1,000+ shows per month all above these metrics--so it's a lot more than just the top 200--though I think if your floor is making $1M+ annually gross as a podcast business then Scott's fairly accurate. There's likely less than about 300 shows doing $1M+ in ad revenue per year.
$100k gross isn't that much in my area with cost of living especially if cost is $25k on average... Enough for me maybe but not if i have a family or a mortgage with a 7% interest rate...
@@maresae I agree, it’s not “a lot.” Nor is 10,000 download per episode. And I think $100k is conservative considering the baseline of it being a good show.
Point being, dependant on what you think is enough that would change the baseline-Scott with a Family living in London or formerly SoHo NYC is not a good barometer for the American public.
$100k in middle America or anywhere outside the top 10 metro is phenomenal with that little reach needed
Please study-Daniel Priestley and Daniel Bitton thanks
People who think bad words are a big deal are often far more dangerous to society than people who swear.
I would 1000% take the cash. Those vehicules are 🤢.
9% is so good- expect 5 at best - no need to be a hero .. slow and steady and networking so that boats don’t ruin your credit lol
Thumbnail change… see noticing that makes me cooler in creator land
My goat
I am starting a YT channel! wooo
Oh yeah.. and if you see someone take another down by backstabbing.. don’t think they won’t do it to you.. so look out for each other
Yo it's Prof G
samir and colin
Im changing one thing in the algebra.
He got all his wealth with focus and not diversifying and going all in. Diversity is the enemy of growing wealth.
Where you want diversity is after you have made your wealth to protect it. That’s the one thing I would change.