Prof G shares reliable path to getting rich in America, says his dad earns $52K/year and is already there

Entrepreneur and prof Scott Galloway believes the way to getting “rich” is simpler than astir radical realize.

“I specify affluent arsenic the following: passive income that’s greater than your burn,” Galloway told Chris Williamson during a 2024 interview. (1)

By that definition, Galloway said his multimillionaire moving friends are poorer than his retired, five-figure-earning begetter due to the fact that their costly lifestyles outpace their seven-figure incomes.

“Between his Royal Navy pension, Social Security… and a twelve washing machines helium collects quarters from successful trailer parks… [my father] makes astir $52,000 a twelvemonth without truly working,” helium explained. “He spends $48,000. He's rich, his passive income is greater than his burn.”

Galloway believes fiscal state is simply a amended measurement of wealthiness than conscionable income. And that astir radical tin execute this presumption with a elemental three-step process. Here’s a person look astatine his look for success.

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Faced with economical uncertainty, galore Americans are taking up aggregate jobs and broadside hustles.

According to 1 survey, 27% of U.S. workers person immoderate broadside gig oregon freelance moving arrangements. (2) And, according to the Federal Reserve, successful September 2025, 5.4% of the labour unit had aggregate jobs. (3)

Some radical juggle aggregate jobs to trim risk, but Galloway sees this arsenic a distraction.

“I hatred broadside hustles,” helium said, explaining that astir radical would beryllium amended served by doubling down connected their main hustle instead. “Find thing that you're people bully astatine that you could go successful the apical 10% oregon apical 1%, successful an manufacture that has a 90% positive employment rate, and absorption connected it.”

Some of the factors that interaction your wealthiness and fiscal presumption are beyond your control.

Galloway explains that the 2008 fiscal situation wiped retired 1 of his concern ventures and overmuch of his accumulated wealth. “I can’t power that,” helium said. “But I tin power my spending.”

By focusing connected factors that are wrong your power — specified arsenic saving, spending and investing implicit the agelong word successful low-cost ETFs and scale funds — Galloway claims you tin optimize your fiscal presumption careless of what the marketplace throws astatine you.