The Prof G Pod with Scott Galloway

Podbit · The Prof G Pod with Scott Galloway

How to Build Wealth on Less Than $60K a Year + Investing for Retirement Income (ft. Nick Maggiulli)

Explore episode Jul 1, 2026

Where this was said

Q3: Young Family with Two Kids — Invest Now or Wait?

At 20:00 · chapter starts 19:18

The final listener question is the most emotionally charged. A couple in their early 40s has relocated to a lower-cost state to be near family, has some part-time childcare and a small savings base, and expects to inherit a house within ten years. They ask whether to keep investing or hunker down. Nick Maggiulli immediately reframes the inheritance question as a personal one: do they actually want to live in that house? Scott Galloway takes a different, more personal angle. He describes having made what amounts to the same geographic arbitrage move himself — relocating to Florida, where private school fees ran $12,000–$14,000 per year versus $58,000 in New York City. But his deeper point is about partner alignment. He recounts working obsessively when his children were young, acknowledging it strained his relationship and meant less time with his kids — a cost he accepted because he and his partner were explicitly aligned on the goal. He points to evidence that daughters earn more when they see their mothers working, adding a gentle nudge toward two-income households. The overall prescription: do the math on what you want, get explicit alignment with your partner on the trade-offs, and then automate savings to match those commitments.

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