He could easily have built a safety net for his family by then but had instead squandered away the considerable sums he had earned. The problem lay not in a lack of knowledge: He had an MBA degree, had founded startups, and raised millions in funding. He was undone by a lack of discipline. During his 20s and 30s, the author contemptuously dismissed the notion of saving, believing his talents would always allow him to earn more. His son's birth served as a wake-up call.
Mr. Galloway is a professor of marketing at New York University's Stern School of Business. He has founded multiple companies, including Prophet, RedEnvelope, and L2 Inc, and hosts popular podcasts such as Pivot and The Prof G Show. His newsletter No Mercy, No Malice boasts over 500,000 subscribers. Yet, as his life story reveals, financial mismanagement can undermine the security of even a person of his caliber.
In The Algebra of Wealth, Mr. Galloway discusses why everyone, from an early age, must strive to achieve economic security. Financial independence, he asserts, alleviates anxieties and grants individuals mastery over their time. With this freedom, they can use their time as they deem fit, instead of peddling it all their lives for a paycheck.
Denne historien er fra November 21, 2024-utgaven av Business Standard.
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Denne historien er fra November 21, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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White-collar hiring up 9% in Dec: Report
According to Naukri JobSpeak, the index reached an impressive 2,651 points in December 2024, reflecting a robust 9 per cent year-on-year growth, a promising sign for the year ahead.
Missing Women in South Indian Film Leadership
The South Indian film industry lags Bollywood and other non-South Indian language cinemas in terms of women serving as heads of departments (HoDs) in various stages of filmmaking and streaming series production, according to a recently released report.
Manu Bhaker, Gukesh among four athletes to get Khel Ratna award
Shooter Manu Bhaker, chess world champion D Gukesh, men's hockey captain Harmanpreet Singh and para-athlete Praveen Kumar were on Thursday named recipients of this year's Major Dhyan Chand Khel Ratna Award—the country's highest sporting honour.
MHA warns against 'pig butchering scam'
A new cyber fraud known as \"pig butchering scam\" or \"investment scam\" has emerged, targeting unemployed youths, housewives, students, and needy people who are made to lose large sums of money daily, according to the latest annual report of the Union home ministry.
Insurers to double down on tech, rural expansion for growth in '25
Industry will also focus on strengthening distribution networks and human capital
UNDER THE PUMP
India's 2025 fuel exports could feel the heat of geopolitics, Houthi attacks, growing US supplies, and new refineries
Auto stocks race on December sales boost
Shares of automobile companies rose for the second consecutive day, with Eicher Motors, Maruti Suzuki India (MSIL), Ashok Leyland, and Mahindra & Mahindra (M&M) surging between 4 per cent and 9 per cent on Thursday.
Earnings growth likely to be a key driver this year: Mirae Asset MF
Even as earnings growth has decelerated in recent quarters, India's medium-to-long-term outlook remains robust, driven by strong macro fundamentals, deleveraged corporate balance sheets, robust asset quality, fiscal discipline, favourable demographics, digitisation, and rising income levels, Mirae Asset Mutual Fund said in its outlook for 2025.
Best Dec for IPOs since 1996
15 firms collectively raised ₹25,425 cr last mth
Temper expectations as growth challenges remain: Axis MF
Significant valuation expansion seems unlikely in 2025 amid near-term growth challenges, likely muted inflows from foreign institutional investors (FIIs), and subdued earnings expectations, Axis Mutual Fund (MF) said in its outlook, while asserting that it will be a year of stock picking across market caps.
