AI transcript
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0:01:16 Welcome to the PropG pods office hours.
0:01:17 This is the part of the show
0:01:18 where we answer questions about business,
0:01:19 big tech, entrepreneurship,
0:01:21 and whatever else is on your mind.
0:01:22 – Hey, PropG.
0:01:23 – Hey, Scott and team.
0:01:23 – Hey, Scott.
0:01:24 – Hi, PropG.
0:01:25 – Hey, PropG.
0:01:26 – Hey, PropG.
0:01:27 – Hey, PropG.
0:01:28 – And last week’s office hours,
0:01:29 I answered your questions surrounding
0:01:31 OpenAI’s recent content deals,
0:01:33 why I tell crude jokes,
0:01:35 and what the dog’s morning routine looks like.
0:01:38 It’s about me pissing on anything I want.
0:01:40 (beep)
0:01:42 – Now, what I was worried about is that I would say,
0:01:43 to me, the business news for this morning
0:01:47 in the voice of Reuters with a pinch of,
0:01:48 I don’t know, Anderson Cooper,
0:01:50 and with some humor from Dave Chappelle,
0:01:52 and I would never need to go to CNN,
0:01:53 and I would never need to go to Reuters,
0:01:56 and you’d even have more oxygen sucked out of the room.
0:01:57 Of media companies,
0:01:58 ’cause they could start mimicking their voice
0:02:00 and not pay them any royalties.
0:02:04 I mean, there’s a reason why people aren’t crude in media,
0:02:06 because is it worth the risk of offending people?
0:02:10 If the kind of the core, or the white meat,
0:02:13 of what you do is excellence, or insight,
0:02:16 or being funny generally about stuff,
0:02:20 then why do you need to, you know, go NC17?
0:02:24 My morning routine is I get up, I have coffee,
0:02:26 I read a bunch of news,
0:02:27 I hang out with the dogs again.
0:02:31 If I’m really motivated, I’ll do some exercise,
0:02:32 sometimes I put it off.
0:02:33 I try to work out about four times a week,
0:02:36 I’ve worked out four times a week for about,
0:02:39 about 40 years, it is my antidepressant.
0:02:41 Today, we’ll talk about Tesla,
0:02:44 early career advice, and discuss how to find a mentor.
0:02:46 So, with that, first question.
0:02:50 – Hey, Prof. G, I’m Chris from Vancouver,
0:02:52 longtime listener, first time caller.
0:02:53 I’ve been sitting here watching
0:02:54 the Tesla Shareholder meeting,
0:02:56 where Elon is trying to convince folks
0:02:58 to pay him $40 billion to not become distracted
0:03:01 by other things, and it made me wonder,
0:03:04 if they’ve let him go and made you CEO,
0:03:06 what would you do next for Tesla?
0:03:08 Love your work, peace.
0:03:09 – Thanks for the question,
0:03:11 and it sounds like we’re both a little bit cynical
0:03:13 about Elon.
0:03:14 So, some context here.
0:03:16 Tesla Shareholders approved CEO Elon Musk’s
0:03:19 $56 billion pay package, a move that allows the company
0:03:21 to move its incorporation from Delaware to Texas.
0:03:23 According to a Delaware judge,
0:03:25 it’s the largest pay package on record
0:03:26 for the public markets.
0:03:29 It’s 33 times larger than Musk’s prior compensation plan.
0:03:32 Who voted in favor of the compensation package?
0:03:34 77% of shareholders.
0:03:35 Tesla’s largest institutional investors,
0:03:37 BlackRock and Vanguard,
0:03:40 both voted in favor of the pay package.
0:03:42 According to diligent data,
0:03:44 BlackRock and Vanguard have historically supported
0:03:47 at least 90% of pay packages at US companies every year.
0:03:52 Like, I think the most difficult thing about,
0:03:53 I’ve served on a bunch of boards,
0:03:56 the most difficult thing, hands down, is compensation.
0:04:00 And I find in this instance,
0:04:01 that the board did not do its job
0:04:03 because what you want is a compensation package
0:04:06 that is market and keeps the CEO focused.
0:04:08 First off, the CEO is not focused.
0:04:09 He’s actually here and can,
0:04:12 trying to convince advertisers that Twitter
0:04:15 is not ground central for Nazi porn.
0:04:16 Actually, they have a feature.
0:04:18 It’s called “Plage de Nazi porn.”
0:04:19 Not true.
0:04:21 I can’t even imagine.
0:04:22 I literally,
0:04:24 literally the easiest way to get fired
0:04:26 as a brand marketer or a media planner
0:04:29 would be to advertise on Twitter right now.
0:04:30 Anyways, they basically said,
0:04:33 “All right, I think the argument goes something like this.”
0:04:37 When he was awarded that pay package,
0:04:40 it was options and they were worth a lot less
0:04:41 than $56 billion.
0:04:43 I think it’s actually now worth closer to $40 billion.
0:04:45 That it was options and they were worth
0:04:47 single digits of billions.
0:04:49 And the guy, you gotta give it to the guy.
0:04:51 The guy has a certain level of vision
0:04:53 and has built singular companies.
0:04:54 SpaceX is singular.
0:04:56 By the way, my favorite product of 2024,
0:04:58 SpaceX or Starlink.
0:05:02 I’ve been on a plane where the Starlink network comes up
0:05:05 and I select it and then two minutes later,
0:05:09 my son calls me on FaceTime and it is perfect.
0:05:11 Also on that same flight,
0:05:13 the pilots had looked out to the left
0:05:15 and a SpaceX rocket had launched and I thought,
0:05:19 “Okay, don’t like the guy, but I gotta give it to him.”
0:05:21 He has a unique vision and the ability
0:05:24 to action that sort of vision.
0:05:26 And I think that shareholders have said,
0:05:27 “Look, the guy’s been really good for us.”
0:05:30 The shareholder, sure as the stock come down from eyes,
0:05:32 but anyone who’s been in this stock longer than,
0:05:34 I don’t know, 18 months has probably not only made money,
0:05:36 but made a lot of money.
0:05:38 So I think they wanna keep him interested.
0:05:41 Now, my personal experience rubs against us
0:05:42 or this rubs me against the wrong way
0:05:46 because when I had L2, I was investing options.
0:05:48 I had a large stake as our founder shares.
0:05:50 And I said, “I want options and equity
0:05:51 “to continue to work here.”
0:05:52 And they said, “Scott, you’re fully staked.
0:05:55 “You’re motivated, I think I own 40 or 45% of the company.
0:05:58 “We don’t feel a need to give you more.”
0:06:00 But again, I’m not Elon Musk.
0:06:02 Now, also what is interesting
0:06:03 and I don’t know how this is gonna play out
0:06:06 is that the Delaware chancellor
0:06:08 or the head of the chancellor’s court there
0:06:09 does not seem impressed by Elon.
0:06:12 And it’s basically said that the board did not do its job
0:06:14 and that this was totally out of line
0:06:16 with their responsibility as fiduciaries
0:06:18 to just do what is market
0:06:20 and/or keeps him motivated
0:06:22 and she rejected the pay package.
0:06:24 I think the outcome here is that one,
0:06:27 I think one way or another, he is going to get that money.
0:06:29 It’s unclear now whether the Delaware court,
0:06:32 the block that deal back in January will accept the revote
0:06:34 and allow Tesla to reinstate Elon’s pay.
0:06:37 Some legal experts believe this could stretch out for months.
0:06:39 Meanwhile, Tesla has been struggling with weak sales,
0:06:41 increased competition in China and layoffs.
0:06:44 The stock is down 26% year to date.
0:06:46 I think over the long haul,
0:06:49 Tesla will trade like an automobile company.
0:06:51 I think the stock gets cut by 70 or 80%
0:06:53 and still looks expensive.
0:06:55 And whenever I try to have a rational conversation
0:06:58 on valuation, people will claim that it’s an energy company
0:06:59 or it’s a software company.
0:07:01 ‘Cause if they acknowledge it’s an automobile company,
0:07:03 automobile company is trade within a certain range
0:07:06 and really well managed ones, including Toyota,
0:07:08 if you apply their multiple against the above,
0:07:10 the stock declines 70, 80, 90%.
0:07:13 And he’s been able to defy gravity.
0:07:15 It is an exceptional car.
0:07:16 I owed to Tesla for a while
0:07:18 before he started calling me names on Twitter
0:07:19 and then I sold it.
0:07:21 First, I took a big greasy dump in the passenger seat.
0:07:23 Is that wrong?
0:07:24 Is that wrong?
0:07:25 Anyway, thanks for the question.
0:07:29 I don’t have a lot of insight here other than to say,
0:07:31 what’s the point of being successful
0:07:31 if you’re not gonna be kind?
0:07:34 When you’re clawing your way to the,
0:07:35 I’m gonna say clawing your way to the top,
0:07:37 when you’re an entrepreneur, you can’t overpay people
0:07:41 because businesses don’t go out of business
0:07:41 because they’re bad ideas.
0:07:43 They go out of business because they ran out of money.
0:07:44 So you gotta throw nickels around
0:07:45 like they’re manhole covers.
0:07:47 You gotta be pretty Darwinian.
0:07:50 Entrepreneurship is full body contact.
0:07:52 But once you achieve a certain level of success,
0:07:54 and I’m not saying don’t be kind along the way,
0:07:55 but that’s your opportunity to have a lot of fun
0:07:56 and be really kind.
0:07:58 Anyways, enough of the virtue signaling.
0:07:59 Thanks for the question.
0:08:01 Question number two.
0:08:02 – Hey, drop G.
0:08:05 Got to make quick questions from a fresh college grad here.
0:08:08 For context, I am from and just graduated college in Indiana
0:08:10 and I’m moving to LA in a month.
0:08:11 I couldn’t be more excited
0:08:13 as I’ve always wanted to live in a big city like LA
0:08:15 and I love what I’m gonna be doing.
0:08:17 I’ll be working sales and business development
0:08:19 at a Series B retail tech startup
0:08:20 with around 70 employees
0:08:22 and for a super experienced leadership team
0:08:24 that I really believe in.
0:08:26 With two huge new life changes occurring simultaneously,
0:08:27 I’d love to hear your advice
0:08:30 as you’ve been in both these positions before.
0:08:32 First, how can I maximize my value for the company
0:08:34 I’m working for as an entry level hire?
0:08:36 What are some actionable steps that I can take
0:08:37 to really stand out and be successful?
0:08:39 With an IP on the horizon in a couple of years,
0:08:42 I wanna pour all I can as I have stock options on the table.
0:08:45 Also, how can I maximize my life outside of work
0:08:47 in a cultural hub like LA?
0:08:49 Looking at continuing to build my own personal brand
0:08:50 but also wanna make sure
0:08:52 that I’m joining all the LA has to offer.
0:08:53 Thank you so much for your time
0:08:55 and I wanna say how much I really love your content
0:08:57 as it’s refreshing to have someone give real takes
0:09:00 on business relationships and life derived
0:09:01 from their actual experiences.
0:09:03 There’s so much posturing today.
0:09:05 I appreciate you, Prof. G.
0:09:06 – So first off, anonymous.
0:09:10 Can you not be anonymous and specifically can I be you?
0:09:12 – My God, you’re a just graduated from Indiana
0:09:15 and you’re moving to LA with a good job.
0:09:17 Boss, you are in the sweet spot.
0:09:19 So okay, what to do?
0:09:22 First off, figure out when everyone gets to work
0:09:24 and try and show up a few minutes before them
0:09:26 and a few minutes later.
0:09:28 When I started at Morgan Stanley,
0:09:29 I wasn’t as talented as the other kids,
0:09:32 not because UCLA wasn’t an amazing education
0:09:33 but because I didn’t work very hard at UCLA
0:09:36 and I just didn’t have the same skills that they did.
0:09:38 So I decided to lean into my strengths,
0:09:40 my strengths for my youth and my fitness
0:09:44 and the fact that I did not have dogs, kids or girlfriends
0:09:45 waiting for me at home.
0:09:47 I was living at home with my mother.
0:09:49 I had literally no relationships, nothing going on.
0:09:50 So I said, here’s an idea.
0:09:53 I’m gonna go into work Tuesday morning
0:09:56 and I’m gonna work to Wednesday night at five every week.
0:09:58 And I developed a reputation for this crazy kid
0:09:59 who worked 36 hours straight
0:10:01 but crazy in a good way because investment banking
0:10:04 had this sort of weird fucked up abusive culture
0:10:05 in the ’80s and ’90s.
0:10:07 And I’m not suggesting you’d go to that extreme
0:10:10 but try and be kind of first and last out.
0:10:11 Show that you come to play.
0:10:14 Josh Brown from CNBC
0:10:16 and from Ritz Hold Wealth Management
0:10:18 had a really good idea that I thought was very simple.
0:10:19 I never thought about it.
0:10:22 Find the shittiest part of your boss’s job
0:10:24 and take it off their plate
0:10:27 and slowly but surely try and give them time back.
0:10:28 If you can do anything,
0:10:30 whether it’s responding to RFPs,
0:10:31 I don’t know what job you’re doing
0:10:33 but try and really understand,
0:10:36 learn and do stuff and volunteer for stuff
0:10:39 and do your best to try and take the worst part
0:10:41 of other people’s jobs off their plate
0:10:43 such that you become indispensable to them.
0:10:45 ‘Cause if you make their life easier,
0:10:47 you’re gonna be indispensable.
0:10:51 Try and praise, always praise people behind their backs.
0:10:56 Be known as the guy that praises people behind their backs.
0:10:59 Listen when you’re in meetings,
0:11:02 try and really understand what’s going on.
0:11:05 Be very social, ask people out to coffees,
0:11:07 ask them a bunch of questions.
0:11:09 You don’t need to be explicit about finding mentors.
0:11:11 I’ve never said to anyone, “Will you be my mentor?”
0:11:12 But I am blessed with a ton of mentors
0:11:15 because I would ask them out for coffee.
0:11:18 I’d ask them a lot of questions when you’re older
0:11:19 and you’ve got some experience under your belt.
0:11:21 You like it when people ask you questions.
0:11:23 It’s the reason I have this damn podcast
0:11:25 is I like giving advice.
0:11:27 I feel like you have value to add.
0:11:29 You wanna share it with young men and young women.
0:11:31 So don’t be afraid to ask people out for coffee
0:11:34 and ask for their advice, ask for their feedback
0:11:36 and generally speaking,
0:11:38 I think success is in the last 10%.
0:11:39 What do I mean by that?
0:11:42 We used to write RFPs at my first up at Morgan Stanley
0:11:47 and Morgan Stanley had this kind of cultural zeitgeist
0:11:49 where if there were any errors, you could be fired.
0:11:50 And we used to read things,
0:11:52 not only forwards to prove them,
0:11:53 but then backwards to make sure
0:11:55 that everything was perfect.
0:11:56 And it was very stressful,
0:11:58 but it was an outstanding training.
0:12:00 So what I would try and bring
0:12:02 is a massive attention to detail.
0:12:06 Success is in the last 10% and be known also as the guy
0:12:08 that anything that leaves your desk
0:12:11 is near perfect or perfect.
0:12:13 Terms of LA, oh my God, oh my God,
0:12:14 is El Coyote still around?
0:12:16 Is the Hollywood Bowl still around?
0:12:18 Maybe the Greek Theater, maybe Zuma Beach?
0:12:19 Shit, I don’t know.
0:12:21 What not to do?
0:12:23 Jesus Christ, what not to do?
0:12:25 The Uber drivers in LA are hot.
0:12:27 Everything about LA is wonderful.
0:12:29 Maybe go to the counter at Beverly Hills Hotel
0:12:31 and tell them that Scott Galloway sent you.
0:12:33 I don’t know, maybe go to the polo lounge on a date,
0:12:35 order a drink, order a drink or two,
0:12:37 maybe go to the, maybe go to the,
0:12:38 I don’t know, Jesus Christ,
0:12:42 there are so many amazing things to do in LA.
0:12:45 I love the influence that Mexican culture has had on LA.
0:12:48 I love the fabulousness of the entertainment industry.
0:12:49 I don’t know, take a run on the beach,
0:12:50 maybe go down to shutters,
0:12:53 have a little drink down there on the playa,
0:12:56 on the playa de Los Angeles.
0:12:58 Boss, you’re gonna get into so much trouble there.
0:13:01 It is such a wonderful place to live.
0:13:03 You are in the sweet spot of your life.
0:13:06 Be kind, work your ass off.
0:13:09 Also, also get someone with really good taste
0:13:11 to buy you kind of five good work outfits.
0:13:12 I don’t know if it’s a suit or whatever.
0:13:14 So you have a uniform, you don’t need to think about it,
0:13:16 but you look competent.
0:13:18 Take pride in your appearance.
0:13:19 Try and find time for exercise.
0:13:24 Jesus Christ, I’ve got 25 hours planned every day.
0:13:26 Let me finish where I started.
0:13:28 It is really good to be you, Indiana.
0:13:32 We have one quick break before our final question.
0:13:33 Stay with us.
0:13:38 – My dad works in B2B marketing,
0:13:40 but I never really knew what that meant.
0:13:43 Then one day my dad came by my school for a career day
0:13:47 and told everyone in my class he was a big row ass man.
0:13:49 Then he just kept saying things like,
0:13:53 the bigger the row ass, the better, over and over.
0:13:55 My friends still laugh at me to this day.
0:13:59 I think it means calculating a return on ad spend.
0:14:00 One thing’s for sure.
0:14:03 I’ll be known as the row ass man’s kid
0:14:04 for the rest of my days.
0:14:07 Why can’t you just be a fireman or a lawyer?
0:14:09 Why?
0:14:10 You ruined my life, dad.
0:14:14 – Not everyone gets B2B, but LinkedIn has the people who do.
0:14:16 And with ads on LinkedIn,
0:14:18 you’ll be able to reach people based on job title,
0:14:20 industry, likelihood to buy and more.
0:14:22 Start converting your B2B audience
0:14:24 into high quality leads today.
0:14:27 We’ll even give you $100 credit on your next ad campaign.
0:14:30 Go to linkedin.com/scot to claim your credit.
0:14:32 That’s linkedin.com/scot.
0:14:33 Terms and conditions apply.
0:14:36 LinkedIn, the place to be, to be.
0:14:40 – Support for this show comes from Fundrise.
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0:15:05 It’s your turn to get in early
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0:16:47 Welcome back, question number three.
0:16:48 – Hey Scott, my name is Joseph.
0:16:52 I’m a 31-year-old male and I’m struggling.
0:16:53 To keep things short, when I was in my 20s,
0:16:55 I got into drugs and partying.
0:16:58 I cleaned myself up, I’ve been clean for seven years,
0:17:01 and I found my passion in photography and videography.
0:17:02 It doesn’t pay all the bills,
0:17:04 so I’m working two other jobs
0:17:06 and it’s just getting really tough.
0:17:08 And I want to keep on leveling up.
0:17:10 I want to be successful in life.
0:17:13 I want to wake up and stop worrying about money.
0:17:14 And I feel like I’ve hit this part in my life
0:17:17 where I’ve worked so hard on myself
0:17:20 and I’m ready to ask for help.
0:17:23 And my question to you is, how can I find a mentor?
0:17:25 I feel like I’m at this position in my life
0:17:28 where my parents, they’re beautiful people.
0:17:30 They raise me with kindness, loyalty, respect,
0:17:32 but I don’t feel like they could help me get to this level
0:17:34 of success that I’m looking for.
0:17:37 Like you said, they’re not superheroes.
0:17:39 So how would you go about finding a mentor?
0:17:42 What do you think of mentors?
0:17:45 Love your podcast and thank you so much
0:17:47 for everything you do and say.
0:17:50 So first off, Joseph from Undisclosed,
0:17:54 you’re 31, which means you’re still incredibly young.
0:17:56 It means you’re probably gonna live
0:17:58 another 70 or 80 years.
0:17:59 The fact that you’re smart enough to realize
0:18:03 you were abusing substances and parting a lot.
0:18:05 By the way, the 20s are a great decade.
0:18:07 You probably also enjoyed that a certain amount,
0:18:08 or at least I hope you did.
0:18:09 And the fact that you’ve cleaned up
0:18:12 and you’re self-aware enough to know that you’ve cleaned up,
0:18:14 the fact that you found something you’re good at
0:18:16 and you’re working three jobs.
0:18:19 Boss, you’re like, you know, you’re trying, right?
0:18:22 And what I would say to you is first off,
0:18:23 you need to forgive yourself.
0:18:26 And that is if you’re in any way down on yourself,
0:18:27 I mean, be stressed.
0:18:28 Be like, “Shit, this is hard, fine.”
0:18:29 But don’t be down on yourself.
0:18:34 You’ve recognized what needed to change in your life.
0:18:36 You made that change.
0:18:38 It scares me that you have three jobs.
0:18:41 And what I would say is that photography
0:18:42 is one of those passion fields.
0:18:44 What do I mean by that?
0:18:46 I think it’s very difficult in a passion field
0:18:51 to make decent living in less year in the top 1%.
0:18:54 And not only in the top 1% from a skill standpoint,
0:18:58 but in the top 1% in terms of just pure luck.
0:18:59 And what I would ask you is,
0:19:00 what are the other two things you’re doing
0:19:03 and do you see money there and are you excelling?
0:19:06 Because what I found, I mean, I wanted to be an athlete,
0:19:08 then I wanted to be a pediatrician.
0:19:09 I don’t know if that’s a romance industry.
0:19:10 I wanted to be investment banking,
0:19:12 which was a high-precision job.
0:19:13 And I ended up finding analytics.
0:19:16 And so the idea of having three side gates
0:19:19 or two side hustles to try and make photography work,
0:19:20 I think that’s difficult now.
0:19:22 This is all very situational.
0:19:23 So this is what I want you to do.
0:19:26 I want you to assemble a kitchen cabinet
0:19:27 and you call them mentors.
0:19:29 I never explicitly asked anyone to be my mentor.
0:19:32 What I did was I would call people or I would say,
0:19:33 can I take you out to coffee?
0:19:35 I’d love your advice on some stuff.
0:19:36 Even if it’s friends you meet through photography,
0:19:40 and it’s smart people you met out socially,
0:19:41 friends of your parents
0:19:43 who have their shit together professionally.
0:19:44 I find that generally speaking,
0:19:46 people are very open to giving advice,
0:19:49 that people are really good at running other people’s lives.
0:19:50 And so I wouldn’t be afraid,
0:19:52 I wouldn’t say, will you be my mentor?
0:19:53 ‘Cause that sounds like you gotta commit
0:19:54 to a certain amount of time,
0:19:56 but I wouldn’t be afraid to reach out to people
0:19:58 and kind of assemble a kitchen cabinet.
0:19:59 And I don’t make,
0:20:03 this is, you’re so much smarter than I was at your age.
0:20:05 I thought leadership and having your shit together
0:20:08 and being a man was saying, I know what’s right.
0:20:11 And I would hide everything that was wrong in my life
0:20:13 and pretend that I had my act together
0:20:16 and not take advice and assess the situation
0:20:17 and try and convince everybody
0:20:19 that what I would decide and what I was doing
0:20:21 was the right thing, that that was leadership.
0:20:23 The fact that you are even open
0:20:28 to trying to find mentors in that you recognize your 20s
0:20:30 and that you are struggling and that things are hard
0:20:32 means you’re way ahead of where I was
0:20:34 and where most people are.
0:20:37 And also to be clear,
0:20:41 as we talk about your story here and listen to you,
0:20:46 I can tell you there are millions of people in their 30s
0:20:51 and 40s who are struggling to keep up in this economy
0:20:52 who think, Jesus Christ,
0:20:56 I didn’t realize this, it would be this fucking hard.
0:20:59 I mean, I had some really dark moments.
0:21:03 So the first is, okay, forgive yourself,
0:21:05 try and find, ask a group of people for advice.
0:21:07 I don’t like the idea of having three jobs.
0:21:09 So what I would say is you need to narrow in on two,
0:21:12 ideally one that will provide some economic security for you
0:21:15 or there’s a clear path to economic security.
0:21:17 In order to assess that more accurately,
0:21:18 I can’t do that remote.
0:21:20 I would need to ask you a bunch more questions.
0:21:22 So don’t be afraid to ask people for advice
0:21:24 and then keep asking them for questions
0:21:27 and get a sense for their skills.
0:21:28 And if you think they’re giving you good advice
0:21:32 and triangulate off of other people’s advice.
0:21:34 And if you really get down
0:21:37 and you really are struggling with your mental health,
0:21:41 and when I say struggling for your mental health,
0:21:43 I found some times in my life I was just sort of stuck
0:21:46 and I had trouble motivating in the things that,
0:21:47 the things that I usually got joy from
0:21:49 were no longer giving me joy.
0:21:52 And it wasn’t sad
0:21:54 and depression registers differently in everybody.
0:21:58 For me, I feel hollow and I feel nothing.
0:22:01 I get emotional and I cry a lot
0:22:03 and that’s usually a symbol I recognize for me
0:22:04 when I’m in a good place mentally.
0:22:06 I’m more in touch with my emotions.
0:22:09 If you feel like you’re struggling on a mental health level,
0:22:12 I would say the most important thing is to reach out
0:22:13 and ask for help.
0:22:15 And we actually have some sponsors here
0:22:17 who are in the business of telehealth.
0:22:21 And I’d be happy if you want to email me.
0:22:25 I’m scott@stern.nyu.edu and reference this podcast.
0:22:27 I’d be happy to help you financially
0:22:29 around seeking that type of help
0:22:31 if you feel it would be helpful for you.
0:22:34 But let me just recap here.
0:22:37 So many people listening to what you said
0:22:38 are right there with you.
0:22:40 And the fact that you’re working this hard
0:22:42 and thinking thoughtfully means that,
0:22:44 means that you’re likely gonna be fine.
0:22:47 I appreciate the call and I really do wish you the best.
0:22:50 That’s all for this episode.
0:22:51 If you’d like to submit a question,
0:22:53 please email a voice recording
0:22:54 to officehours@propertymedia.com.
0:22:58 Again, that’s officehours@propertymedia.com.
0:23:01 (water splashing)
0:23:11 [BLANK_AUDIO]
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0:01:16 Welcome to the PropG pods office hours.
0:01:17 This is the part of the show
0:01:18 where we answer questions about business,
0:01:19 big tech, entrepreneurship,
0:01:21 and whatever else is on your mind.
0:01:22 – Hey, PropG.
0:01:23 – Hey, Scott and team.
0:01:23 – Hey, Scott.
0:01:24 – Hi, PropG.
0:01:25 – Hey, PropG.
0:01:26 – Hey, PropG.
0:01:27 – Hey, PropG.
0:01:28 – And last week’s office hours,
0:01:29 I answered your questions surrounding
0:01:31 OpenAI’s recent content deals,
0:01:33 why I tell crude jokes,
0:01:35 and what the dog’s morning routine looks like.
0:01:38 It’s about me pissing on anything I want.
0:01:40 (beep)
0:01:42 – Now, what I was worried about is that I would say,
0:01:43 to me, the business news for this morning
0:01:47 in the voice of Reuters with a pinch of,
0:01:48 I don’t know, Anderson Cooper,
0:01:50 and with some humor from Dave Chappelle,
0:01:52 and I would never need to go to CNN,
0:01:53 and I would never need to go to Reuters,
0:01:56 and you’d even have more oxygen sucked out of the room.
0:01:57 Of media companies,
0:01:58 ’cause they could start mimicking their voice
0:02:00 and not pay them any royalties.
0:02:04 I mean, there’s a reason why people aren’t crude in media,
0:02:06 because is it worth the risk of offending people?
0:02:10 If the kind of the core, or the white meat,
0:02:13 of what you do is excellence, or insight,
0:02:16 or being funny generally about stuff,
0:02:20 then why do you need to, you know, go NC17?
0:02:24 My morning routine is I get up, I have coffee,
0:02:26 I read a bunch of news,
0:02:27 I hang out with the dogs again.
0:02:31 If I’m really motivated, I’ll do some exercise,
0:02:32 sometimes I put it off.
0:02:33 I try to work out about four times a week,
0:02:36 I’ve worked out four times a week for about,
0:02:39 about 40 years, it is my antidepressant.
0:02:41 Today, we’ll talk about Tesla,
0:02:44 early career advice, and discuss how to find a mentor.
0:02:46 So, with that, first question.
0:02:50 – Hey, Prof. G, I’m Chris from Vancouver,
0:02:52 longtime listener, first time caller.
0:02:53 I’ve been sitting here watching
0:02:54 the Tesla Shareholder meeting,
0:02:56 where Elon is trying to convince folks
0:02:58 to pay him $40 billion to not become distracted
0:03:01 by other things, and it made me wonder,
0:03:04 if they’ve let him go and made you CEO,
0:03:06 what would you do next for Tesla?
0:03:08 Love your work, peace.
0:03:09 – Thanks for the question,
0:03:11 and it sounds like we’re both a little bit cynical
0:03:13 about Elon.
0:03:14 So, some context here.
0:03:16 Tesla Shareholders approved CEO Elon Musk’s
0:03:19 $56 billion pay package, a move that allows the company
0:03:21 to move its incorporation from Delaware to Texas.
0:03:23 According to a Delaware judge,
0:03:25 it’s the largest pay package on record
0:03:26 for the public markets.
0:03:29 It’s 33 times larger than Musk’s prior compensation plan.
0:03:32 Who voted in favor of the compensation package?
0:03:34 77% of shareholders.
0:03:35 Tesla’s largest institutional investors,
0:03:37 BlackRock and Vanguard,
0:03:40 both voted in favor of the pay package.
0:03:42 According to diligent data,
0:03:44 BlackRock and Vanguard have historically supported
0:03:47 at least 90% of pay packages at US companies every year.
0:03:52 Like, I think the most difficult thing about,
0:03:53 I’ve served on a bunch of boards,
0:03:56 the most difficult thing, hands down, is compensation.
0:04:00 And I find in this instance,
0:04:01 that the board did not do its job
0:04:03 because what you want is a compensation package
0:04:06 that is market and keeps the CEO focused.
0:04:08 First off, the CEO is not focused.
0:04:09 He’s actually here and can,
0:04:12 trying to convince advertisers that Twitter
0:04:15 is not ground central for Nazi porn.
0:04:16 Actually, they have a feature.
0:04:18 It’s called “Plage de Nazi porn.”
0:04:19 Not true.
0:04:21 I can’t even imagine.
0:04:22 I literally,
0:04:24 literally the easiest way to get fired
0:04:26 as a brand marketer or a media planner
0:04:29 would be to advertise on Twitter right now.
0:04:30 Anyways, they basically said,
0:04:33 “All right, I think the argument goes something like this.”
0:04:37 When he was awarded that pay package,
0:04:40 it was options and they were worth a lot less
0:04:41 than $56 billion.
0:04:43 I think it’s actually now worth closer to $40 billion.
0:04:45 That it was options and they were worth
0:04:47 single digits of billions.
0:04:49 And the guy, you gotta give it to the guy.
0:04:51 The guy has a certain level of vision
0:04:53 and has built singular companies.
0:04:54 SpaceX is singular.
0:04:56 By the way, my favorite product of 2024,
0:04:58 SpaceX or Starlink.
0:05:02 I’ve been on a plane where the Starlink network comes up
0:05:05 and I select it and then two minutes later,
0:05:09 my son calls me on FaceTime and it is perfect.
0:05:11 Also on that same flight,
0:05:13 the pilots had looked out to the left
0:05:15 and a SpaceX rocket had launched and I thought,
0:05:19 “Okay, don’t like the guy, but I gotta give it to him.”
0:05:21 He has a unique vision and the ability
0:05:24 to action that sort of vision.
0:05:26 And I think that shareholders have said,
0:05:27 “Look, the guy’s been really good for us.”
0:05:30 The shareholder, sure as the stock come down from eyes,
0:05:32 but anyone who’s been in this stock longer than,
0:05:34 I don’t know, 18 months has probably not only made money,
0:05:36 but made a lot of money.
0:05:38 So I think they wanna keep him interested.
0:05:41 Now, my personal experience rubs against us
0:05:42 or this rubs me against the wrong way
0:05:46 because when I had L2, I was investing options.
0:05:48 I had a large stake as our founder shares.
0:05:50 And I said, “I want options and equity
0:05:51 “to continue to work here.”
0:05:52 And they said, “Scott, you’re fully staked.
0:05:55 “You’re motivated, I think I own 40 or 45% of the company.
0:05:58 “We don’t feel a need to give you more.”
0:06:00 But again, I’m not Elon Musk.
0:06:02 Now, also what is interesting
0:06:03 and I don’t know how this is gonna play out
0:06:06 is that the Delaware chancellor
0:06:08 or the head of the chancellor’s court there
0:06:09 does not seem impressed by Elon.
0:06:12 And it’s basically said that the board did not do its job
0:06:14 and that this was totally out of line
0:06:16 with their responsibility as fiduciaries
0:06:18 to just do what is market
0:06:20 and/or keeps him motivated
0:06:22 and she rejected the pay package.
0:06:24 I think the outcome here is that one,
0:06:27 I think one way or another, he is going to get that money.
0:06:29 It’s unclear now whether the Delaware court,
0:06:32 the block that deal back in January will accept the revote
0:06:34 and allow Tesla to reinstate Elon’s pay.
0:06:37 Some legal experts believe this could stretch out for months.
0:06:39 Meanwhile, Tesla has been struggling with weak sales,
0:06:41 increased competition in China and layoffs.
0:06:44 The stock is down 26% year to date.
0:06:46 I think over the long haul,
0:06:49 Tesla will trade like an automobile company.
0:06:51 I think the stock gets cut by 70 or 80%
0:06:53 and still looks expensive.
0:06:55 And whenever I try to have a rational conversation
0:06:58 on valuation, people will claim that it’s an energy company
0:06:59 or it’s a software company.
0:07:01 ‘Cause if they acknowledge it’s an automobile company,
0:07:03 automobile company is trade within a certain range
0:07:06 and really well managed ones, including Toyota,
0:07:08 if you apply their multiple against the above,
0:07:10 the stock declines 70, 80, 90%.
0:07:13 And he’s been able to defy gravity.
0:07:15 It is an exceptional car.
0:07:16 I owed to Tesla for a while
0:07:18 before he started calling me names on Twitter
0:07:19 and then I sold it.
0:07:21 First, I took a big greasy dump in the passenger seat.
0:07:23 Is that wrong?
0:07:24 Is that wrong?
0:07:25 Anyway, thanks for the question.
0:07:29 I don’t have a lot of insight here other than to say,
0:07:31 what’s the point of being successful
0:07:31 if you’re not gonna be kind?
0:07:34 When you’re clawing your way to the,
0:07:35 I’m gonna say clawing your way to the top,
0:07:37 when you’re an entrepreneur, you can’t overpay people
0:07:41 because businesses don’t go out of business
0:07:41 because they’re bad ideas.
0:07:43 They go out of business because they ran out of money.
0:07:44 So you gotta throw nickels around
0:07:45 like they’re manhole covers.
0:07:47 You gotta be pretty Darwinian.
0:07:50 Entrepreneurship is full body contact.
0:07:52 But once you achieve a certain level of success,
0:07:54 and I’m not saying don’t be kind along the way,
0:07:55 but that’s your opportunity to have a lot of fun
0:07:56 and be really kind.
0:07:58 Anyways, enough of the virtue signaling.
0:07:59 Thanks for the question.
0:08:01 Question number two.
0:08:02 – Hey, drop G.
0:08:05 Got to make quick questions from a fresh college grad here.
0:08:08 For context, I am from and just graduated college in Indiana
0:08:10 and I’m moving to LA in a month.
0:08:11 I couldn’t be more excited
0:08:13 as I’ve always wanted to live in a big city like LA
0:08:15 and I love what I’m gonna be doing.
0:08:17 I’ll be working sales and business development
0:08:19 at a Series B retail tech startup
0:08:20 with around 70 employees
0:08:22 and for a super experienced leadership team
0:08:24 that I really believe in.
0:08:26 With two huge new life changes occurring simultaneously,
0:08:27 I’d love to hear your advice
0:08:30 as you’ve been in both these positions before.
0:08:32 First, how can I maximize my value for the company
0:08:34 I’m working for as an entry level hire?
0:08:36 What are some actionable steps that I can take
0:08:37 to really stand out and be successful?
0:08:39 With an IP on the horizon in a couple of years,
0:08:42 I wanna pour all I can as I have stock options on the table.
0:08:45 Also, how can I maximize my life outside of work
0:08:47 in a cultural hub like LA?
0:08:49 Looking at continuing to build my own personal brand
0:08:50 but also wanna make sure
0:08:52 that I’m joining all the LA has to offer.
0:08:53 Thank you so much for your time
0:08:55 and I wanna say how much I really love your content
0:08:57 as it’s refreshing to have someone give real takes
0:09:00 on business relationships and life derived
0:09:01 from their actual experiences.
0:09:03 There’s so much posturing today.
0:09:05 I appreciate you, Prof. G.
0:09:06 – So first off, anonymous.
0:09:10 Can you not be anonymous and specifically can I be you?
0:09:12 – My God, you’re a just graduated from Indiana
0:09:15 and you’re moving to LA with a good job.
0:09:17 Boss, you are in the sweet spot.
0:09:19 So okay, what to do?
0:09:22 First off, figure out when everyone gets to work
0:09:24 and try and show up a few minutes before them
0:09:26 and a few minutes later.
0:09:28 When I started at Morgan Stanley,
0:09:29 I wasn’t as talented as the other kids,
0:09:32 not because UCLA wasn’t an amazing education
0:09:33 but because I didn’t work very hard at UCLA
0:09:36 and I just didn’t have the same skills that they did.
0:09:38 So I decided to lean into my strengths,
0:09:40 my strengths for my youth and my fitness
0:09:44 and the fact that I did not have dogs, kids or girlfriends
0:09:45 waiting for me at home.
0:09:47 I was living at home with my mother.
0:09:49 I had literally no relationships, nothing going on.
0:09:50 So I said, here’s an idea.
0:09:53 I’m gonna go into work Tuesday morning
0:09:56 and I’m gonna work to Wednesday night at five every week.
0:09:58 And I developed a reputation for this crazy kid
0:09:59 who worked 36 hours straight
0:10:01 but crazy in a good way because investment banking
0:10:04 had this sort of weird fucked up abusive culture
0:10:05 in the ’80s and ’90s.
0:10:07 And I’m not suggesting you’d go to that extreme
0:10:10 but try and be kind of first and last out.
0:10:11 Show that you come to play.
0:10:14 Josh Brown from CNBC
0:10:16 and from Ritz Hold Wealth Management
0:10:18 had a really good idea that I thought was very simple.
0:10:19 I never thought about it.
0:10:22 Find the shittiest part of your boss’s job
0:10:24 and take it off their plate
0:10:27 and slowly but surely try and give them time back.
0:10:28 If you can do anything,
0:10:30 whether it’s responding to RFPs,
0:10:31 I don’t know what job you’re doing
0:10:33 but try and really understand,
0:10:36 learn and do stuff and volunteer for stuff
0:10:39 and do your best to try and take the worst part
0:10:41 of other people’s jobs off their plate
0:10:43 such that you become indispensable to them.
0:10:45 ‘Cause if you make their life easier,
0:10:47 you’re gonna be indispensable.
0:10:51 Try and praise, always praise people behind their backs.
0:10:56 Be known as the guy that praises people behind their backs.
0:10:59 Listen when you’re in meetings,
0:11:02 try and really understand what’s going on.
0:11:05 Be very social, ask people out to coffees,
0:11:07 ask them a bunch of questions.
0:11:09 You don’t need to be explicit about finding mentors.
0:11:11 I’ve never said to anyone, “Will you be my mentor?”
0:11:12 But I am blessed with a ton of mentors
0:11:15 because I would ask them out for coffee.
0:11:18 I’d ask them a lot of questions when you’re older
0:11:19 and you’ve got some experience under your belt.
0:11:21 You like it when people ask you questions.
0:11:23 It’s the reason I have this damn podcast
0:11:25 is I like giving advice.
0:11:27 I feel like you have value to add.
0:11:29 You wanna share it with young men and young women.
0:11:31 So don’t be afraid to ask people out for coffee
0:11:34 and ask for their advice, ask for their feedback
0:11:36 and generally speaking,
0:11:38 I think success is in the last 10%.
0:11:39 What do I mean by that?
0:11:42 We used to write RFPs at my first up at Morgan Stanley
0:11:47 and Morgan Stanley had this kind of cultural zeitgeist
0:11:49 where if there were any errors, you could be fired.
0:11:50 And we used to read things,
0:11:52 not only forwards to prove them,
0:11:53 but then backwards to make sure
0:11:55 that everything was perfect.
0:11:56 And it was very stressful,
0:11:58 but it was an outstanding training.
0:12:00 So what I would try and bring
0:12:02 is a massive attention to detail.
0:12:06 Success is in the last 10% and be known also as the guy
0:12:08 that anything that leaves your desk
0:12:11 is near perfect or perfect.
0:12:13 Terms of LA, oh my God, oh my God,
0:12:14 is El Coyote still around?
0:12:16 Is the Hollywood Bowl still around?
0:12:18 Maybe the Greek Theater, maybe Zuma Beach?
0:12:19 Shit, I don’t know.
0:12:21 What not to do?
0:12:23 Jesus Christ, what not to do?
0:12:25 The Uber drivers in LA are hot.
0:12:27 Everything about LA is wonderful.
0:12:29 Maybe go to the counter at Beverly Hills Hotel
0:12:31 and tell them that Scott Galloway sent you.
0:12:33 I don’t know, maybe go to the polo lounge on a date,
0:12:35 order a drink, order a drink or two,
0:12:37 maybe go to the, maybe go to the,
0:12:38 I don’t know, Jesus Christ,
0:12:42 there are so many amazing things to do in LA.
0:12:45 I love the influence that Mexican culture has had on LA.
0:12:48 I love the fabulousness of the entertainment industry.
0:12:49 I don’t know, take a run on the beach,
0:12:50 maybe go down to shutters,
0:12:53 have a little drink down there on the playa,
0:12:56 on the playa de Los Angeles.
0:12:58 Boss, you’re gonna get into so much trouble there.
0:13:01 It is such a wonderful place to live.
0:13:03 You are in the sweet spot of your life.
0:13:06 Be kind, work your ass off.
0:13:09 Also, also get someone with really good taste
0:13:11 to buy you kind of five good work outfits.
0:13:12 I don’t know if it’s a suit or whatever.
0:13:14 So you have a uniform, you don’t need to think about it,
0:13:16 but you look competent.
0:13:18 Take pride in your appearance.
0:13:19 Try and find time for exercise.
0:13:24 Jesus Christ, I’ve got 25 hours planned every day.
0:13:26 Let me finish where I started.
0:13:28 It is really good to be you, Indiana.
0:13:32 We have one quick break before our final question.
0:13:33 Stay with us.
0:13:38 – My dad works in B2B marketing,
0:13:40 but I never really knew what that meant.
0:13:43 Then one day my dad came by my school for a career day
0:13:47 and told everyone in my class he was a big row ass man.
0:13:49 Then he just kept saying things like,
0:13:53 the bigger the row ass, the better, over and over.
0:13:55 My friends still laugh at me to this day.
0:13:59 I think it means calculating a return on ad spend.
0:14:00 One thing’s for sure.
0:14:03 I’ll be known as the row ass man’s kid
0:14:04 for the rest of my days.
0:14:07 Why can’t you just be a fireman or a lawyer?
0:14:09 Why?
0:14:10 You ruined my life, dad.
0:14:14 – Not everyone gets B2B, but LinkedIn has the people who do.
0:14:16 And with ads on LinkedIn,
0:14:18 you’ll be able to reach people based on job title,
0:14:20 industry, likelihood to buy and more.
0:14:22 Start converting your B2B audience
0:14:24 into high quality leads today.
0:14:27 We’ll even give you $100 credit on your next ad campaign.
0:14:30 Go to linkedin.com/scot to claim your credit.
0:14:32 That’s linkedin.com/scot.
0:14:33 Terms and conditions apply.
0:14:36 LinkedIn, the place to be, to be.
0:14:40 – Support for this show comes from Fundrise.
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0:15:18 by visiting fundrise.com/propg.
0:15:20 Carefully consider the investment objectives,
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0:16:47 Welcome back, question number three.
0:16:48 – Hey Scott, my name is Joseph.
0:16:52 I’m a 31-year-old male and I’m struggling.
0:16:53 To keep things short, when I was in my 20s,
0:16:55 I got into drugs and partying.
0:16:58 I cleaned myself up, I’ve been clean for seven years,
0:17:01 and I found my passion in photography and videography.
0:17:02 It doesn’t pay all the bills,
0:17:04 so I’m working two other jobs
0:17:06 and it’s just getting really tough.
0:17:08 And I want to keep on leveling up.
0:17:10 I want to be successful in life.
0:17:13 I want to wake up and stop worrying about money.
0:17:14 And I feel like I’ve hit this part in my life
0:17:17 where I’ve worked so hard on myself
0:17:20 and I’m ready to ask for help.
0:17:23 And my question to you is, how can I find a mentor?
0:17:25 I feel like I’m at this position in my life
0:17:28 where my parents, they’re beautiful people.
0:17:30 They raise me with kindness, loyalty, respect,
0:17:32 but I don’t feel like they could help me get to this level
0:17:34 of success that I’m looking for.
0:17:37 Like you said, they’re not superheroes.
0:17:39 So how would you go about finding a mentor?
0:17:42 What do you think of mentors?
0:17:45 Love your podcast and thank you so much
0:17:47 for everything you do and say.
0:17:50 So first off, Joseph from Undisclosed,
0:17:54 you’re 31, which means you’re still incredibly young.
0:17:56 It means you’re probably gonna live
0:17:58 another 70 or 80 years.
0:17:59 The fact that you’re smart enough to realize
0:18:03 you were abusing substances and parting a lot.
0:18:05 By the way, the 20s are a great decade.
0:18:07 You probably also enjoyed that a certain amount,
0:18:08 or at least I hope you did.
0:18:09 And the fact that you’ve cleaned up
0:18:12 and you’re self-aware enough to know that you’ve cleaned up,
0:18:14 the fact that you found something you’re good at
0:18:16 and you’re working three jobs.
0:18:19 Boss, you’re like, you know, you’re trying, right?
0:18:22 And what I would say to you is first off,
0:18:23 you need to forgive yourself.
0:18:26 And that is if you’re in any way down on yourself,
0:18:27 I mean, be stressed.
0:18:28 Be like, “Shit, this is hard, fine.”
0:18:29 But don’t be down on yourself.
0:18:34 You’ve recognized what needed to change in your life.
0:18:36 You made that change.
0:18:38 It scares me that you have three jobs.
0:18:41 And what I would say is that photography
0:18:42 is one of those passion fields.
0:18:44 What do I mean by that?
0:18:46 I think it’s very difficult in a passion field
0:18:51 to make decent living in less year in the top 1%.
0:18:54 And not only in the top 1% from a skill standpoint,
0:18:58 but in the top 1% in terms of just pure luck.
0:18:59 And what I would ask you is,
0:19:00 what are the other two things you’re doing
0:19:03 and do you see money there and are you excelling?
0:19:06 Because what I found, I mean, I wanted to be an athlete,
0:19:08 then I wanted to be a pediatrician.
0:19:09 I don’t know if that’s a romance industry.
0:19:10 I wanted to be investment banking,
0:19:12 which was a high-precision job.
0:19:13 And I ended up finding analytics.
0:19:16 And so the idea of having three side gates
0:19:19 or two side hustles to try and make photography work,
0:19:20 I think that’s difficult now.
0:19:22 This is all very situational.
0:19:23 So this is what I want you to do.
0:19:26 I want you to assemble a kitchen cabinet
0:19:27 and you call them mentors.
0:19:29 I never explicitly asked anyone to be my mentor.
0:19:32 What I did was I would call people or I would say,
0:19:33 can I take you out to coffee?
0:19:35 I’d love your advice on some stuff.
0:19:36 Even if it’s friends you meet through photography,
0:19:40 and it’s smart people you met out socially,
0:19:41 friends of your parents
0:19:43 who have their shit together professionally.
0:19:44 I find that generally speaking,
0:19:46 people are very open to giving advice,
0:19:49 that people are really good at running other people’s lives.
0:19:50 And so I wouldn’t be afraid,
0:19:52 I wouldn’t say, will you be my mentor?
0:19:53 ‘Cause that sounds like you gotta commit
0:19:54 to a certain amount of time,
0:19:56 but I wouldn’t be afraid to reach out to people
0:19:58 and kind of assemble a kitchen cabinet.
0:19:59 And I don’t make,
0:20:03 this is, you’re so much smarter than I was at your age.
0:20:05 I thought leadership and having your shit together
0:20:08 and being a man was saying, I know what’s right.
0:20:11 And I would hide everything that was wrong in my life
0:20:13 and pretend that I had my act together
0:20:16 and not take advice and assess the situation
0:20:17 and try and convince everybody
0:20:19 that what I would decide and what I was doing
0:20:21 was the right thing, that that was leadership.
0:20:23 The fact that you are even open
0:20:28 to trying to find mentors in that you recognize your 20s
0:20:30 and that you are struggling and that things are hard
0:20:32 means you’re way ahead of where I was
0:20:34 and where most people are.
0:20:37 And also to be clear,
0:20:41 as we talk about your story here and listen to you,
0:20:46 I can tell you there are millions of people in their 30s
0:20:51 and 40s who are struggling to keep up in this economy
0:20:52 who think, Jesus Christ,
0:20:56 I didn’t realize this, it would be this fucking hard.
0:20:59 I mean, I had some really dark moments.
0:21:03 So the first is, okay, forgive yourself,
0:21:05 try and find, ask a group of people for advice.
0:21:07 I don’t like the idea of having three jobs.
0:21:09 So what I would say is you need to narrow in on two,
0:21:12 ideally one that will provide some economic security for you
0:21:15 or there’s a clear path to economic security.
0:21:17 In order to assess that more accurately,
0:21:18 I can’t do that remote.
0:21:20 I would need to ask you a bunch more questions.
0:21:22 So don’t be afraid to ask people for advice
0:21:24 and then keep asking them for questions
0:21:27 and get a sense for their skills.
0:21:28 And if you think they’re giving you good advice
0:21:32 and triangulate off of other people’s advice.
0:21:34 And if you really get down
0:21:37 and you really are struggling with your mental health,
0:21:41 and when I say struggling for your mental health,
0:21:43 I found some times in my life I was just sort of stuck
0:21:46 and I had trouble motivating in the things that,
0:21:47 the things that I usually got joy from
0:21:49 were no longer giving me joy.
0:21:52 And it wasn’t sad
0:21:54 and depression registers differently in everybody.
0:21:58 For me, I feel hollow and I feel nothing.
0:22:01 I get emotional and I cry a lot
0:22:03 and that’s usually a symbol I recognize for me
0:22:04 when I’m in a good place mentally.
0:22:06 I’m more in touch with my emotions.
0:22:09 If you feel like you’re struggling on a mental health level,
0:22:12 I would say the most important thing is to reach out
0:22:13 and ask for help.
0:22:15 And we actually have some sponsors here
0:22:17 who are in the business of telehealth.
0:22:21 And I’d be happy if you want to email me.
0:22:25 I’m scott@stern.nyu.edu and reference this podcast.
0:22:27 I’d be happy to help you financially
0:22:29 around seeking that type of help
0:22:31 if you feel it would be helpful for you.
0:22:34 But let me just recap here.
0:22:37 So many people listening to what you said
0:22:38 are right there with you.
0:22:40 And the fact that you’re working this hard
0:22:42 and thinking thoughtfully means that,
0:22:44 means that you’re likely gonna be fine.
0:22:47 I appreciate the call and I really do wish you the best.
0:22:50 That’s all for this episode.
0:22:51 If you’d like to submit a question,
0:22:53 please email a voice recording
0:22:54 to officehours@propertymedia.com.
0:22:58 Again, that’s officehours@propertymedia.com.
0:23:01 (water splashing)
0:23:11 [BLANK_AUDIO]
Scott speaks about Tesla, specifically Elon’s compensation package. He then gives advice to a recent college graduate who is moving to a new city for work. He wraps up with his thoughts on finding mentorship.
Music: https://www.davidcuttermusic.com / @dcuttermusic
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