Scott Galloway Reached His Financial Goal 8 Years Ago. He Says There’s Just No Justification For Becoming A Billionaire
From Yahoo Finance: 2025-06-27 18:31:00
Scott Galloway had a plan to become a billionaire but realized more wealth would cost him time and peace. After hitting his financial target 8 years ago, he now spends money on joy, pays well, and gives the rest away. Galloway values happiness and freedom from stress over accumulating wealth.
Galloway’s mindset shift echoes that of entrepreneur Andrew Wilkinson, who also found limits to wealth. Wilkinson, after building a tech conglomerate and nearly partnering with Charlie Munger, turned down more wealth pursuits. Both Wilkinson and Galloway agree that more money doesn’t necessarily improve life and can bring added stress.
Galloway shares his fear during the 2008 financial crisis when his first son was born, feeling shame and inadequacy. He realized that happiness is not just about what you have, but also about the absence of stress. Galloway emphasizes the importance of financial security for peace of mind and joy in life.