Finance guru reveals the two simple lifestyle changes younger Americans should make to get rich quick

A successful entrepreneur who made millions selling several technology companies has simple advice for young Americans looking to escape the cutthroat economy.

According to Scott Galloway, the most important thing is to start with a good education to maximize your income. Then move to one of the world’s “super cities” to maximize your opportunities.

Speaking to Steve Bartlett on his podcast The Diary of a CEO, Galloway said these two lifestyle changes, along with a bit of luck, can make all the difference in a young person’s life.

“The best advice is one: get accredited. We live in a LinkedIn economy,” Galloway said.

The next step in pursuing wealth after you finish college is to move to a big city like Milan, Munich, London, San Francisco, or New York City, as shown.

‘On average, people who get a college degree earn 50 to 100 percent more over their lifetime. There are a whole range of industries that are off-limits to people who don’t have qualifications.’

He also states that the best way to attract wealth into your life is to surround yourself with wealth by moving to big cities such as Milan, Munich, London, San Francisco or New York City.

He said that two-thirds of economic growth over the next 30 years will occur in the world’s 20 supercities.

But even going to a city can be worth it, because the World Bank estimates that more than 80 percent of global GDP is generated in urban areas.

Still, some cities are better than others, said Galloway, who is also a marketing professor at New York University’s Stern School of Business.

“Being good in San Francisco is a lot better than being great in Stuttgart,” he said, referring to the southern German city of about 630,000. “The smartest thing I ever did was be born in California.”

Galloway said that when you go to a city you are essentially putting yourself in the top league and competing against the best of the best.

“When you’re in a city, you’re playing against Serena Williams every day. Everyone’s smart, everyone’s dressed well, everyone works hard, everyone takes risks. And you’re surrounded by people who are very successful and you’re going to create professional and personal opportunities every day.”

He added that it is best to move to a city when you are young and not yet burdened with extra responsibilities.

Galloway grew up in Los Angeles, pictured, and said much of his luck in business and life began with his birth there.

“When you’re young, you can live in a city because you can live in a 400-square-foot apartment, you can be out all day,” he said. “Do it when you’re young because if you start collecting dogs and kids, like I did when I was 30, I couldn’t afford to stay in New York any longer.”

But before you can do all that, Galloway says, getting a degree is essential to living an exciting, risk-taking life in a big city.

That’s because the cost of living in cities is high, and always has been.

Especially now, after years of skyrocketing inflation, housing, food and everything that goes with it have become drastically more expensive for Americans.

With this in mind, someone with a bachelor’s degree earns about $1,493 per week, according to the Bureau of Labor Statistics.

The data shows that someone with only a high school diploma earns an average of $899 per week.

But ultimately, Galloway said, his advice applies to people who want to be “economic animals.”

“Some people will say, ‘Scott, it’s your way, it’s not the right way. I want to teach football in my little village on the Amalfi Coast. I can make 55,000 euros running a little bakery and have a really nice life.’ More power to you,” he explained.

‘Most young people I speak to realise that…wealth equals relevance and love in a capitalist society and they want to be as economically secure as possible.’