Marketing professor and entrepreneur Scott Galloway has a message for the wealthy: Once you hit your number, there’s no reason to keep hoarding cash.
During an appearance on Simon Sinek’s podcast, A Bit of Optimism, Galloway shared his philosophy on money and happiness, arguing accumulating wealth beyond a certain threshold brings no additional fulfillment. The New York University Stern School of Business professor, who has built and sold multiple companies for millions of dollars, offered a candid take on what the rich should do with their fortunes.
“Once you hit your number, there’s no reason to be a hoarder … because this is what makes you happy: Spend it,” Galloway said on the podcast. “I spend so much f–king money, and it’s amazing. And then you know what I do? I give it away.
“I have not increased my net worth in seven years. I looked at my number once I got there 10 years ago, [but] the last seven years, I look at my number, and if my wealth has gone up X and I haven’t spent it all, I give it away. And you know what? It makes me feel strong like a bull. I want to beat my f–king chest it feels so good,” he said. “Why do you need to be a billionaire? It’s not going to get you anything.”
