The Algebra of Wealth

Name: The Algebra of Wealth
Author: Scott Galloway
ISBN: 9780593714027

A Simple Formula for Financial Security

Written byScott Galloway

Galloway sums up building wealth in one formula: Focus + (Stoicism × Time × Diversification). He explains each part with straight talk about careers, habits, compounding and spreading risk.

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Published2024
GenrePersonal finance
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01Define financial security
You're secure when the income from your savings and investments covers what you spend — your “burn rate”.
02Focus on your career
Earning comes first. Perseverance, and the field you choose, matter more than raw talent.
03Stoicism means good habits
Wealth grows from steady behaviour: spending less than you earn, staying calm and thinking long term.
04Time is your biggest asset
Starting early gives compounding years to work. Small sums grow large over decades.
05Diversify so one mistake can't sink you
Spread your money so being wrong about one bet doesn't wipe you out.
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You're secure when the income from your savings and investments covers what you spend — your “burn rate”. Pick one small way to put this into practice before tonight.

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