Part 6/10:

Advocating for an early intervention in what he terms a “savings muscle,” Galloway suggests that young people should aim to save 2-5% of their income from their first jobs. The power of compound interest becomes another focal point—small savings can snowball into significant financial resources over time, particularly when started young.

The Power of Diversification

Despite Galloway's entrepreneurial spirit, he emphasizes the importance of diversification. He shares lessons learned from past experiences where a lack of diversification led to significant losses. Whether it's investing in different sectors or spreading assets across various platforms, diversification acts as a safety net.