Scott Galloway, My First Million
Sexy Industries Have Bad Economics
Choose a less glamorous field with high employment and aim to master it.
Scott Galloway says
The sexier the business the lower the return on investment, as with fashion, the arts, movies, modeling, and sports. Try to find your talent and develop mastery in something with a high employment rate, since 98% of sectors enjoy over 90% employment. Even top performers in glamorous fields often struggle financially, with 87% of them not qualifying for health insurance because they don't make more than $23,000 in a given year.
Try this
Pick a less glamorous field with high employment rates and aim to become genuinely excellent in it rather than chasing a sexy industry.
