If you have the blessing of having some

money to pass on, you want to give your

kids enough money so they can do

anything, but not enough money so they

can do nothing. That's a Warren Buffett

quote. If my kid is not doing a whole

lot of anything but partying, and I I

keep seeing on his Instagram he's on in

a beether or something, I'm not going to

give him dick. It's like, okay, boss, if

you have enough time to just party all

the time, you don't need my money.

In today's office hours, we discuss the

future of PropG's AI tools, my

day-to-day routine, and the right way to

pass money on to your kids. Question

number one. Our first question comes

from Pygmy Nuthatch on Reddit. Pygmy

Nuthatch, where do they get these names?

They say, "I'd like to ask some

questions about your Google persona.

What were the original goals of the

project? Do you have any future plans

for PropG AI offerings? the tool or

something similar could do a lot of good

though we all understand and respect the

reasons you gave for ultimately deciding

not to move forward with an expanded

launch. Thanks. So just some background

here I have students and then the best

students I ask to meet my graduate

student instructors. I usually have four

or five because I usually have about 180

students and I say you're running the

class. I'm just the talent. One of my

graduate student instructors went on to

be uh go to work for Google about seven

eight years ago. She's been very

successful there and she contacted me

about a year ago. crawl everyone's uh a

person's information and create a

character AI for them such that people

can ask them questions and they were

doing some in the health space some in

the business space and then some of the

academic space and they asked me if I'd

be interested and I said sure and there

was no commercial agreement no money

involved but the impetus and the

motivation was the following I get

between 20 and 30 that's conservative

outreaches a day from single mothers

from young men people in uh the mental

health profession from high school

teachers looking for help, advice,

insight, basic questions. Where did you

find this piece of information? Here's

an idea. And I can't get to 1% of them.

So, I thought, how could I come up with

something that would say, "Hey, here's

my character AI. Ask it the same

question, and there's an 80% probability

it'll get it 80% right." And so, we

started working on this thing about a

year ago. And then in that time, things

changed dramatically. And that is

character AIS became a thing.

And it was discovered that a lot of

young people uh minors were engaging

these character AIs and starting to

develop these not even parasocial

relationships but in-depth relationships

that often times led to very dark

places. And so when it came out it was

launched I went on it and I just was so

uncomfortable with the idea of

contributing to the sequestration of

young men from their parents, their

mentors and their friends. And I thought

if I'm in any way giving a young man an

excuse to spend less time pursuing

offline relationships

then that is bad and I don't want to

engage in it. So it was up for about 4

hours and the Twitter philosopher I

think his name's Naval, he said

something that struck me. He's actually

I think a venture capitalist but I think

of him as a philosopher. He said that if

you're having trouble making a decision

the answer is usually no. And I was just

so uncertain and uneasy about this

thing. thing. It had only been up 4

hours and I felt bad because the good

people at Google and they were good

people. I think the world of this woman

and my interaction with the this team at

Google had been nothing but positive and

I didn't they had spent so much time on

it and I just finally I I said I'm just

not [ __ ] comfortable with this thing.

And I called them and said, "Can you

take it down? I just don't want to be

part of the character AI dilemma right

now until I we figure out what the guard

rails are and how to handle it." And so

they took it down. Uh is there potential

upside? Yeah. But the potential downside

I think is unknown right now. Started

out as a good idea. I think my

intentions were good or in the right

place, but I was increasingly

uncomfortable with the development and

evolution of character AIS and decided

to pull it down. Support for the show

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Question number two also comes from

Reddit. Radical Buy asks, "Scott, what

is your daily routine when you're not

out on a book tour? Would love to see

how the big dog spends his time." Well,

I usually get up at about 4:45. I do a

cold plunge and then I take uh I have a

massive protein shank including all

sorts of grains and uh sheep oil and

also this serum that's uh mined from

algae off the coast of Sri Lanka. None

of this is true. None of this is true.

All right, let's start with at night.

I'm usually doing something out with

friends or with family or watching

streaming media. The family goes to bed.

Sometimes I used to have a drink. Now I

don't do that anymore cuz this

anti-alcohol movement has even me a bit

freaked out. My 50-year-old liver 60

can't handle 61 can't handle alcohol the

way my 30-year-old liver could. So I

don't I don't want to. And also I think

drinking alone is probably not a good

idea. But I try and unwind at night. I

watch streaming media. I let the dogs up

on the couch with me. I like to write. I

like to cruise the internet. Sometimes I

take an edible. And I'm up to 2 or 3:00

a.m. in the morning. I'm a night person.

That's where I get my best thinking

done. They say that people who get up

early in the morning are more

productive. And people who stay up late

are more creative. I'd like to think I'm

creative. I can definitely confirm I'm

not that productive. So, I'm up till 2

or 3 in the morning. I usually get up

around 10:00. If I want to sleep in,

I'll sleep until 10:30. My assistant

doesn't book anything before noon, which

helps cuz I'm in London, so it's 7:00

a.m. where my team is back in New York.

And then I get up. I have my quick hit

of coffee. I try to have a breakfast. I

try to work out. I have free weights and

a rowing machine and this new thing

called an amp, which is basically a

tonal. So, I try and get in some

exercise. And then I basically start the

day of podcasting. And between writing

and podcasting and team meetings and

editorial calls and interviews with

media, I'm kind of going from about 11

or noon until about 8 or 9:00 p.m. at

which point I kick off. sometimes go out

to dinner. I go out a lot. Sometimes go

out and meet friends, do something with

family, and then everyone's in bed by

call 11, 11:30, and I'm up for another

two and a half hours kind of doing my

work, so to speak. So, I keep very odd

hours. I'm struggling a little bit

lately with I don't want to call it

anxiety, but just more fear, if you

will. Is that anxiety? Maybe it's

anxiety. I need to get outside more.

Probably the only thing I really don't

like about London, but it makes me in

many ways, it's just kind of a deal

killer for me. I can't handle the

[ __ ] weather here. It's dark at 400

p.m. right now, so I don't go outside as

much as I should, which is a really bad

thing. All the things I preach to people

about. It's like the coppish kids have

no shoes. But anyways, mornings are

basically kind of free time or sleep, 11

to 8, podcasting, 8 to 11,

socialization, 11 to 2, that's my time,

I guess. And then I I hit But I go to

sleep very late. I keep very odd hours.

I By the way, I would not recommend this

to anybody. I don't I don't I'm not

saying it's the right way. It's just my

way. We'll be right back after a quick

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Welcome back. Our final question came

from a listener who emailed us. Hey

Scott, Charles from Texas. Hi Charles. I

want your take on my inheritance

strategy for my son. Instead of giving

him a pile of money when he's 70, when

he'll just spend it on knee injections,

a firmer mattress, or some dick pills, I

want to give him cash when it actually

matters. plan is 25K at 18 so he doesn't

start adulthood broke. 100K at 30 so he

can buy a house or start a business. And

then 1 million at 40. After that, the

gravy train stops. Dad retires from

being the bank. What pitfalls should I

watch for? And feel free to tell me if

this whole plan is genius or just

financial cosplay. So Fed data shows

that US inheritance recipients had a

median age of around 49 to 50 at the

time they received wealth transfers. And

according to the Richmond Fed, at least

half of people don't receive their first

inheritance until after age 40. I would

bet that's going to go up because people

are living longer and what people

actually spend on. Younger groups tend

to spend a larger share on categories

including shelter, food away from home,

transportation and education and overall

consumer spending data confirms

necessities dominate budgets when

they're younger. Which is why a lump sum

for housing down payment or business

seed capital can be more financially

productive than inheriting money late

for discretionary spending. So I don't

think anyone's figured this out. Uh I

always go to I'm thinking about the same

thing. I always go to a couple things.

One, you want to give your if you have

the blessing of having some money to

pass on, you want to give your kids

enough money so they can do anything,

but not enough money so they can do

nothing. That's a Warren Buffett quote.

My approach is going to be, I learned

this from Morgan Hel. I'm going to scale

up or scale down my kids' efforts. And

that is I'm not sure I'm going to lock

into and I don't think there is a reason

to create a suicide pack or something

you have to stick to because I think a

lot of it depends on the kid. Now, what

do I mean? So, if my kid gets out of

college at 22 and wants to be in

nonprofit, I'm going to give him money.

If he's a productive citizen and works

hard and is in a lowpaying industry, if

he wants to be a high school math

teacher, I'm going to give him money. If

my kid is not doing a whole lot of

anything but partying and I I keep

seeing on his Instagram, he's on in a

beether or something. By the way, I

don't have that problem. My boys are 15

and 18 right now. I'm not going to give

them dick. It's like, okay, boss, if you

have enough time to just party all the

time, you don't need my money. When I

pass away, that's a whole other thing.

I'll probably limit the distribution

while they're under the age of 40. Or

maybe you put parameters around it. They

can use the money for education or a

house, a primary residence, but for

nothing else. I think about this a lot

and I still haven't figured out what to

do. The only push back I would give is I

would not lock yourself in anything. If

your kid's a great kid and wants to buy

a house and is having a kid, you may

want to pull some of that million

dollars at 40 forward. But at the same

time, if they're just living in your

basement and not motivated, I don't

think you want to give them any money.

But again, I think this is a personal

question. It's kind of up to you. I have

friends who are wealthy and cut off

their kids after college. Just like,

that's it. You're done. You're out. And

it's my money, not your money. I'm rich,

you're not rich. And then I have other

friends whose kids have never flown

commercially. Even when they're adults,

they pay for their private air travel.

So I would argue the former is probably

much better than the latter. I think

it's a personal decision. And anyways,

long-winded way of saying I don't know.

My only advice is not to lock yourself

into a construct. That's all for this

episode. If you'd like to submit a

question, please email a voice recording

to office hours.com. That's office hours

of media.com. Or if you prefer to ask on

Reddit, just post your question on the

Scott Galloway subreddit and we just

might feature it in an upcoming episode.

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