Ramp for Finance Ops
- Simplify your finance operations and save money with Ramp.
- Visit ramp.com/jordan to learn more.
- Ramp cards are issued by Sutton Bank, Member FDIC.
- Terms and conditions apply.
Michigan Acceptance Rate
- Jordan Harbinger and Scott Galloway discuss the declining acceptance rates of prestigious universities.
- They note the University of Michigan's acceptance rate dropped from 55% in 1998 to 18% currently.
- Galloway points out that Harbinger, who was waitlisted in 1998, likely wouldn't be accepted today.
- Harbinger agrees.
Stop Donating to Put Names on Buildings
- Stop donating to universities to put your name on buildings.
- Instead, donate to support more students, especially those who might not appear remarkable at 18.
- Many young people develop later in their 20s or 30s and can still achieve greatness.
- Public education should focus on supporting a diverse range of students, not just the already high-achieving.
The Sandwich Generation
- Jordan Harbinger describes the challenges of caring for aging parents while raising his own family.
- He moved his parents across the street and utilizes help, acknowledging his privilege.
- He reflects on the difficulty faced by those with fewer resources, highlighting the struggle of the sandwich generation.
The $7000 Idea
- Give every newborn $7,000, locking it away until they turn 65.
- This would grow to approximately $1 million by retirement age.
- This could replace Social Security, potentially lowering the deficit and interest rates.
- This addresses the issue of an aging population with insufficient savings.