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💸 From Zero to Wealth: Top Financial Experts Share Their Strategies

Top Financial Experts Share Their Strategies

If they had to start from scratch today, how would top financial minds build real wealth?


In a candid and insightful session on the Jay Shetty Podcast, a panel of leading financial experts—Scott Galloway, Jaspreet Singh, Cody Sanchez, and Lewis Howes—revealed their personal blueprints for building wealth, assuming they had to start with absolutely nothing today. This comprehensive discussion emphasizes the crucial roles of discipline, early action, and mindset in achieving financial freedom.

Here is a summary of the experts’ core advice on how to transform a zero bank balance into lasting wealth.


1. Scott Galloway: The Power of Discipline and Compulsory Saving


Professor and entrepreneur Scott Galloway stresses that the biggest asset a young person has is time, which must be channeled through strict discipline.

  • Find Time to Make Money: Galloway argues that most young people waste 8-10 hours weekly on low-value activities like scrolling and gaming. This time should be reallocated to skill-building or a side hustle (e.g., Task Rabbit, ride-sharing) to "taste the money" and build momentum.

  • The Key is Compulsory Savings: Since most people spend what they earn, the solution is to remove the option to spend. Implement automatic saving plans (like 401k, IRA, or bank-mandated transfers) so the money is invested before it ever hits your checking account.

  • Start Small, Start Early: If you are in your 20s, aim to save at least 3-5% of your income immediately. The early start allows the compound effect to work its magic over decades.


2. Jaspreet Singh: The Focus on Ownership (Equity)


Financial educator Jaspreet Singh highlights that true wealth is not held in cash, but in assets that generate income, and points out the three habits to avoid.

  • The Three Worst Habits to Avoid:

    1. Spending Everything OR Saving Everything: Just saving cash will never make you rich because inflation erodes the value of money daily.

    2. Blindly Following the Career Ladder: Rich people don't climb the ladder; they own the ladder. Solely relying on a salary is not the path to immense wealth.

    3. Misunderstanding the Function of Money: Cash is a poor store of value. Wealthy individuals convert their salary into income-producing assets (e.g., real estate, stocks).

  • Wealth Equals Ownership: The new American dream is to convert your paycheck into something that works for you. Singh’s personal example: his $8,000 rental property purchased at age 19 generated $600 monthly.


3. Cody Sanchez: The 10% Rule and Strategic Investment


Entrepreneur and investor Cody Sanchez advises prioritizing self-investment and scaling up to more complex asset classes.

  • Your Best First Investment is Yourself: When capital is low, the best asset class to invest in is your own skills, education, and adaptability, as this growth is uncapped.

  • The 4 Tiers of Investment:

    1. Yourself (Skills, Education).

    2. Index Funds (S&P 500): Low-cost, diversified portfolios that consistently outperform most individual stock pickers over the long term.

    3. Private Investments: Real estate, commodities, private equity.

    4. Buying/Building a Business.

  • Pay Yourself First with 10%: Set up an auto-investment to move at least 10% of your after-tax income into investments immediately to ensure you outpace inflation.

  • Avoid Chasing Status: People waste large sums of money trying to look rich instead of becoming rich. A major mistake is trading credit card debt (which lasts forever) for an Instagram post (which lasts a minute).


4. Lewis Howes: The Mindset of Abundance and Money as a Relationship


Author and coach Lewis Howes focuses on the psychological aspect of wealth, emphasizing how you relate to money.

  • Treat Money Like a Relationship: Approach money with respect, gratitude, and a willingness to receive, just like a partner. If you constantly avoid talking about it and only seek it out in times of crisis, it will not "like" you.

  • Conscious Manifestation: Actively state the mantra: "I am a magnet for money. Money flows to me freely and abundantly." This conscious intention opens your mind to opportunities.

  • Be Open to Hidden Value: A grateful and intentional mindset allows you to see the hidden value in small things—like a dirty, flipped-over 1945 coin that could be worth thousands.


In conclusion, the experts agree that true wealth is not measured in luxury items, but in the feeling of security and certainty that your money is working for you, freeing you from future fear.

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