3 Powerful Steps to Manifest Financial Abundance: Unlock Your Wealth Potential

No matter what life throws your way, there are a few things that will ALWAYS be in your full control: your attitude, your skill set, and your effort. While it’s important to be aware of new external opportunities and swing for the fences when they come your way, never let them distract you from investing in yourself. Investing in yourself doesn’t only mean hitting the gym or reading the latest personal development book – it goes beyond that. It means that we should invest in our personal finances, equip ourselves with the skills to make us recession-proof, set ourselves up for long-term success, and more. Jaspreet Singh, the Minority Mindset, is an attorney, investor, and CEO of Market Briefs. Although he didn’t receive any formal financial education – he is on a mission to make financial education fun and accessible. He’s back on the show to share his thoughts about the current economic situation and help educate people on their best course of action moving forward. Ken Honda is the best-selling author of Happy Money, a wealth and personal development book which teaches a revolutionary approach to money. For 25 years, Ken has been teaching and mentoring people in Japan about how to understand and heal unconscious money wounds, achieve peace of mind, and learn practical, powerful ways to increase abundance. Bob Proctor is a New York Times bestselling author, motivational speaker, success coach, and expert on the human mind. In short, he’s a master thinker. One of his bestselling books is called You Were Born Rich, which is all about finding success in your present rather than reaching for it in the future. Bob is also featured in the popular film The Secret, one of the most popular self-help films ever made. In this episode you will learnHard work amplifies the effectiveness of smart work. Your beliefs shape your actions and potential for success. Gratitude can increase the value of your money. Expressing gratitude to your finances can lead to financial independence. Aligning with a higher frequency can attract the abundance you seek. For more information go to www.lewishowes.com/1556For more Greatness text PODCAST to +1 (614) 350-3960Listen to the full episodes:Jaspreet Singh – https://link.chtbl.com/1411-podKen Honda – https://link.chtbl.com/1331-podBob Proctor – https://link.chtbl.com/1227-pod Get more from Lewis! Get my New York Times Bestselling book, Make Money Easy! Get The Greatness Mindset audiobook on SpotifyText Lewis AIYouTubeInstagramWebsiteTiktokFacebookX

Speaker names marked ? are inferred from speaking time and the show’s known hosts — they are not voice-verified.

• 0:00Jaspreet Singh?

  The psychology of investing is just as, if not more important than the actual how tos of investing. Because every day, people are watching that ticker. Most people who start off investing their money, they get sucked into that rat race. I did too. All you're doing is watching the numbers go up and down and ticker symbols and you're reading these forums. So the first thing is.

• 0:18Lewis Howes?

  Welcome to the School of Greatness. My name is Lewis Howes, a former pro athlete turned lifestyle entrepreneur. And each week, we bring you an inspiring person or message to help you discover how to unlock your inner greatness. Thanks for spending some time with me today. Now let the class begin.

• 0:42Lewis Howes?

  Welcome to this special masterclass. We brought some of the top experts in the world to help you unlock the power of your life through this specific theme today. It's going to be powerful, so let's go ahead and dive in.

• 1:00Jaspreet Singh?

  One of the things that I say is that the psychology of investing is just as, if not more important than the actual how tos of investing. And that's especially true when it comes to something like the stock market. In real estate, it's tough, but the difference between real estate and the stock market is if you buy a, say, $200,000 home, it's not going to go to zero next week, next month, or really ever, because you have some land, you have a physical property. And the stock market, it can happen. And so there's a couple of things that you can do.

• 1:29Lewis Howes?

  You invest in stocks too?

• 1:30Jaspreet Singh?

  I invest, I invest my money in five places. Real estate, stocks, startups, cryptocurrency, and physical gold.

• 1:36Lewis Howes?

  In that descending order of like value from the most to the least?

• 1:40Jaspreet Singh?

  Yeah, I would say so. And then, you know, if you want to put my business in there, then that would be number one.

• 1:44Lewis Howes?

  Startups, number one. Your business and startups, number one, yeah.

• 1:47Jaspreet Singh?

  But I also invest in other startups as well, but kind of, I would say in that order, yes. But in the stock market particularly, it is a liquid investment, meaning you can easily buy, you can easily sell. And that's what becomes a big psychological game, because every day, people are watching that ticker.

• 2:04Lewis Howes?

  Ah, I just made money. I just lost money. Ah.

• 2:06Jaspreet Singh?

  What's Tesla doing today? Tesla's up $2, Tesla's down $4. And it can really drain you. And I think most people who start off investing their money, they get sucked into that rat race. I did too. Because when I first started investing my money in the stock market, I was like, wow, this is fun. This is exciting. Oh my God. It becomes like a drug. You become addicted to it because. I was waking up every morning, I was like, I'm gonna become a day trader. I got it. And so, you know, I took a summer of when I was in college and that's all I did. I would wake up before the market and I would read these stock charts and I would trade these penny stocks. And some days I would, I would make a thousand dollars, other days I would lose a thousand dollars. And by the end of the summer, I don't think I made any money. You just spent all this time. I spent all my time and I realized this is not for me.

• 2:48Jaspreet Singh?

  Like I became so addicted to it. All you're doing is watching the numbers go up and down and ticker symbols and you're reading these forums. So the first thing is you have to understand that your psychology is important. What I do is I understand I'm not a trader. I don't trade, I don't flip, even when it comes to real estate, really any of my investments. You invest. I invest long term. So what does that mean? So I have two strategies when it comes to investing my money. I have an active strategy and I have a passive strategy. I'll start with the passive strategy because that's easy to understand. Every month, I passively invest my money into stocks, physical gold and cryptocurrency. Really? And so what that means is it's automatic. Automatic payment coming in each one, yeah. All the time. You doing index funds with stocks?

• 3:32Jaspreet Singh?

  Stocks, I do ETFs, low cost ETFs. And I have ETFs that give me exposure to the S and P 500. That's kind of your safe, your value, S and P 500 are the biggest 500 companies in the stock market. So that's the kind of the safe value play. I have some ETFs that give me exposure to innovation, startups, growth, because I like that space. Much more risky, but you could see more potential upside. Risk means you could also see more downside. And then I also have ETFs that give me exposure to emerging markets. These are countries that are overseas, countries like China, India, Korea, Brazil. Countries that are up and coming to give you some diversification, not just in companies, but also in dollars, right? Diversifying out of the dollar. So it kind of gives me that protection.

• 4:15Jaspreet Singh?

  So every week I have money that's leaving my account and being invested into these different ETFs. I don't care whether the market's up or down, it happens every week. In physical gold, every month, I use an app for this, there's apps that allow you to do this. I have money that's withdrawn out of my bank account that buys me physical gold. Really? Now, people are gonna say, why gold? For me, it's, it's real money. It's another way of saving real money because now if I have 50 grand of cash. Would I rather save and bury that fifty grand of cash in my backyard? Or bury fifty grand of gold in my backyard? I'd rather bury the gold because I know that fifty grand of cash is guaranteed to lose value every single day.

• 4:55Jaspreet Singh?

  Gold is a store of value because it takes time, effort, and labor to mine physical gold. And that time, effort, and labor is represented through the physical piece of gold. So that's why I own it. It's not a huge piece of my portfolio, but it's kind of that insurance. That's the way I look at it. It's protection in case everything else goes wrong, that I have some physical gold. So I have that. And then I have my cryptocurrencies. Now, I'm mainly in Bitcoin. I have some Ethereum, a couple other coins, but mainly Bitcoin. And every day I buy a little bit of cryptocurrency. Again, I know it's volatile. I know you can see big swings up, big swings down. I don't care. I'm buying it every single day. So that's my passive strategy where it doesn't matter what's going on in the market.

• 5:39Jaspreet Singh?

  I'm just going to keep buying no matter what's going on. Then my active strategy is now where I do more of the fundamental analysis where I understand where am I actually investing my money? So this requires much more time and more effort on my end. So on the real estate side, I'm looking for deals that are paying me that seven percent cash on cash return. And so I'm going to be analyzing the numbers, looking through properties, walk through a lot of deals. And when I find something, I will go out and buy it. In the stock market, relatively similar. I'm looking for companies that I believe in, that I believe are good fundamentally. Fundamentally means looking at the numbers, right? What do the revenues look like? Have the revenues been growing? How fast are they growing? Ten percent a year, twenty percent a year? What about the profits?

• 6:20Jaspreet Singh?

  But you also have to look a little bit deeper than just the profits because you want to see what's going on with the expenses. Where are they investing? Are their expenses going up because the cost of business is becoming more expensive? Or are the expenses rising because they're investing more in their company? So you got to do a little bit of digging in there. And then in startups, obviously invest in my own companies. But I also invest in startup companies. I love entrepreneurship. I am a huge fan of entrepreneurs. I love supporting other entrepreneurs because I never had that support when I was getting started as an entrepreneur. So one of the ways I can provide the support is through money, through investing in some of these entrepreneurs. So I invest in these startups. Fourth, cryptocurrency. If a big cryptocurrency crash happens, well, I already know what I want to own. I'll just come in and buy more.

• 7:06Jaspreet Singh?

  And with gold, I don't really actively buy gold. But that's the four ways that I actively invest my money. Sure.

• 7:11Lewis Howes?

  And where are the three biggest revenue streams coming from for you?

• 7:15Jaspreet Singh?

  Well, obviously business, you know, and that's across the different businesses. And then the second one I would say is real estate. That gives me that passive cash flow and that those are my two real. When I talk about income cash in my pocket, it comes from my business and it comes from real estate. That's where my cash comes from.

• 7:31Lewis Howes?

  Nice.

• 7:32Jaspreet Singh?

  Yeah, it's pretty simple.

• 7:33Lewis Howes?

  And what's the number one revenue generator in your business? Is it from YouTube? Is it from the newsletter? Is it from some other course or coaching or?

• 7:40Jaspreet Singh?

  So, so the business is divided up. I have my personal brand, which is Minority Mindset, right? That's me on YouTube, that's my blog. And then I have market briefs and market insiders. So number one would probably be my personal brand. And now I don't think that's going to last very long though. My personal brand is doing well because I've built up this, this big following on YouTube, which was completely, it's funny, it's accidental. I never wanted to be a celebrity. I never wanted to be famous, never wanted to be known. I started YouTube on accident.

• 8:11Jaspreet Singh?

  I was, you know, we talk about risks, making mistakes. I've always been an entrepreneur and I went through a lot of different business ideas. And one idea that I had, it was in the year of my grad school. I was taking a class on public speaking and my friend, my roommate at the time, he was, you gotta watch this show called Shark Tank. I was like, okay, whatever, I don't watch TV. He said, but watch this show called Shark Tank. And you know, it's all about people pitching business ideas. And this class that I was taking, we had a project where I was supposed to pitch a product to the class, kind of like Shark Tank. I was like, that's easy. I do this like with my friends all day and night long. That can't be hard. So I kept putting it off, putting it off, putting it off. You know, I'm a procrastinator, especially when it came to school because my mind was always somewhere else.

• 8:57Jaspreet Singh?

  And so now, one day I was late to class, like normal, I pick up my backpack and I start running because I was like, oh, I'm, I'm a couple of minutes late and it's raining this day. And as I'm running to my class, I stepped in a pothole, filled with water and now my foot is soaked. I sit down, I'm like, ah, I'm wet, my socks are wet and uncomfortable. The teacher goes, just breathe, it's your day. Your day for what? She's like, it's your day to present. And I was like, oh my god, I forgot. And so, you know, obviously I don't tell her this, but I go stand in front of the class. And I'm like, Joseph, think of something, anything, anything, just think of something. And so the first thing that comes to my mind were my wet socks. So I go up in front of the class, no practice, no preparation. And I pitched this idea of water resistant socks. That way now you can be an athlete, you can walk around and not have to worry about stepping in puddles.

• 9:42Jaspreet Singh?

  I sit down, I was like, nice job, Joseph, but that's actually kind of a cool idea. So I go home and I start Googling, you know, water resistant socks. And they had these like really thick, uncomfortable looking things that people wore when they go fishing and stuff. But nothing made for like athletes, people to wear in their regular life. So I was like, oh, maybe I'm on to something. So then I spent a lot of time trying to develop this technology, working with textile engineers, working with sock manufacturers. And I, and I created a water resistant sock. Uh huh. And now I go to launch this company. And I got approached by a marketing company, quote unquote, marketing company. And they said they're gonna help me blow up my sales, they're gonna help me do all this stuff, they're gonna help me make all this money. And I was really skeptical. And then they said, don't worry, we have a 100% money back guarantee.

• 10:27Jaspreet Singh?

  If you're not completely satisfied, if we don't make our money back, you can get all of your money back. And I said, okay, that sounds pretty good. So I gave them money, it was a few grand, I think like $3,500, which is a lot of money. And the next day after I gave them the money, I had a bad feeling in my stomach. I was like, you know, I'm a marketer, I, I like, I like the way I can promote products. I, I just, just something didn't seem right. So I call up the guy and I say, hey man, I know that we haven't started yet. Look, I just want to have my money back, you know, I want to end this on amicable terms before you guys spend any money. Let's just, let's just, you know, end it now. And he said, okay, no problem. Puts me in hold, and I was in the gym at the time. And I was really frustrated because I was between sets. And he puts me on hold for a long time.

• 11:11Jaspreet Singh?

  And then all of a sudden, the phone line goes beep. Ooh. And I was like, oh, something's not right. So then I call up the other number I have. They don't pick up. I start emailing them and I never hear from them again. Found out I got scammed. They were a fake company. Ooh. So now I was irritated. I launched the company. We had an amazing launch. I think, I don't remember exactly, but in the first thirty days, we did over, if either seventeen thousand or twenty thousand dollars in sales, right off of the gate. Mm-hmm. And I was still, I had this like kind of chip on my shoulder. I was like, that's not cool. Like, nobody supported me as an entrepreneur. Nobody wanted me to do this, especially when it came to the sock business. I mean, I, there were so many jokes thrown at me because they're like, oh, you left medicine to go sell socks. Right, right.

• 11:52Jaspreet Singh?

  You know, I was just so, I was just so frustrated by it. And I was like, you know, people don't see what I see. They don't have my vision. I want, I want to do something to help other people like me. So I put out this course on Udemy, seven bucks, on how to launch a business without getting screwed over. Uh-huh. I didn't really care about making money. I just wanted to help people because I was so angry. And people loved it. And they were like, dude, can you please start a social media page? Start an Instagram page? And I did it under the alias Minority Mindset. The whole idea being, just thinking differently than the majority of people, because that's what I thought I always did. From the point where I started hosting parties, instead of going to the parties, to then buying real estate when everybody was out blowing their money they didn't have in college, to now starting this company.

• 12:35Jaspreet Singh?

  I was like, y'all have this thing Minority Mindset. So I called it that. And then I said, okay, I'll start an Instagram page. Just posting the same stuff, like just here and there, like things that I wish I would have learned, known about starting a business and about investing in money that somebody, I wish someone would have taught me. And then everyone says, just breathe. I like this. Can you make long form content? Can you create a blog? I was like, well, English is my second language. You're not gonna like my writing. So no, I can't start a blog. But I don't mind talking, so I'll start a YouTube channel. So then I started this YouTube channel called Minority Mindset. And that slowly, organically started to grow. And I never started it with the intention of making money.

• 13:14Jaspreet Singh?

  And, you know, it's funny, I, I, I tell that to people now and they're like, there's no way that's true. Like, you have to have some idea of trying to make money. And I really didn't. I was recording the videos off my phone, so I had really no expenses. I think I spent like thirty bucks on a tripod. You know, that was it. Like, I had no lights. I had no fancy equipment. Um, and then I think we were close to ten thousand subscribers and my buddy comes up to me. He says, hey, how much money are you making from Minority Mindset? I'm like, I'm not making any money. He said, from your YouTube advertisements. I'm like, what are you talking about? He said, you know, you can have advertisements on your YouTube channel? I said, I have no idea what you're talking about. So he goes onto my YouTube channel with me, goes into the back end, the settings, and he's like, dude. Click one button. Click, turn your monetization on.

• 13:59Jaspreet Singh?

  I said, I don't even know that you could do that. This is before that there was even monetization requirements. Anybody could monetize any videos, no matter how many subscribers, how many videos you had. So I was like, oh, I didn't know that I could do this. So, you know, I really started it just kind of with that goal of, I want to put out that information that I wish somebody would have told me, kind of just like that, that helping hand that, hey, it's okay, you're not the only one that thinks like this. It's okay to think a little bit differently. It's okay to try something different. So that was my whole goal, and then it started to grow. And then it became this kind of, this bigger thing. And around a half a million or 600,000 subscribers, I was like, wait, I can actually like, turn this into a business. And so I went through with this, like, you know, I'm an entrepreneur.

• 14:42Jaspreet Singh?

  I was like, okay, Minority Mindset, I'm gonna turn it into a business. So I started these other products under Minority Mindset. I started this newsletter under Minority Mindset. I started, you know, these other educational things. And it started to get really confusing to me because I was like, what is Minority Mindset? I'd be walking down the street and people will come up to me and say, dude, your Minority Mindset, man, you really helped me out. You saved my life, you helped me get out of debt. And it made me feel really good. Like, I could not believe people knew who I was. I remember one time I was with my dad. We were in Arizona and we were getting acai bowls, which are absolutely delicious, by the way. And we're in line and this guy sees me walk into the store. He was riding his bicycle. And he races across the street to come inside of me and he goes, just breathe. Minority Mindset, is that you?

• 15:26Jaspreet Singh?

  And I was like, yeah, and my dad's right there. And he just puts his arms around me, hugs me, and he's like, dude, you changed my life. You helped me out so much, you got me out of this position. And I was like, Oh my God, no way.

• 15:37Lewis Howes?

  Right.

• 15:38Jaspreet Singh?

  And my dad looks at me, he's like, people watch you.

• 15:42Lewis Howes?

  You're not a doctor, that's okay?

• 15:44Jaspreet Singh?

  Yeah, and so it was like, that was like, that realization that, oh my God, like, people are actually paying attention. You don't, obviously, you know, you see the comments, you see the subscribers.

• 15:53Lewis Howes?

  Until you meet people in person, you really don't know.

• 15:55Jaspreet Singh?

  Exactly, and that like-

• 15:56Lewis Howes?

  It's a crazy feeling.

• 15:57Jaspreet Singh?

  And, you know, that time, especially just because, you know, I saw my dad light up and he was like, I can't, like, he was shocked. And that's when I was like, you know, I can actually do something with this. So I was creating these products under it, but I was getting confused because what is Minority Mindset? Is it a company, or is it me? And, you know, as the entrepreneur, I was like, I'm gonna build a company, I'm gonna, I'm gonna turn this into something. But everybody assumed I'm Minority Mindset, which made it very hard to build a company out of it. And so, this was 2021, in December. I decided to go on a thinking trip, and I'd never done this before. And I really recommend this to anybody who can do this. I went to Boca Raton, Florida, and I was there for about a week. And I separated myself from technology, people, everything.

• 16:38Jaspreet Singh?

  And I lived in this, like, really tiny, little apartment, and all I had was a bicycle and my notebook.

• 16:46Lewis Howes?

  I've done this before, it's a game changer.

• 16:48Jaspreet Singh?

  Oh my God, and so what I would do is I'd ride my bike to the beach in the mornings. I sat there for a couple hours with my notepad, and I started writing down my thoughts. And from everything, not just business, you know, my mental health, spiritually, what do I want out of life? What's important to me, what's happiness? Just starting writing things down. And, you know, I would get to the business, financial stuff, and I started asking Minority Mindset, question mark. What is it? Who is it? And it was, that week, I realized, I am Minority Mindset. That's what everybody identifies me as, and it makes sense, because that is who I've always been. But these companies, they're getting intertwined into something that's, they're being overshadowed. I can't give them the attention that they want.

• 17:27Jaspreet Singh?

  So, after that, I came back to the office, this is the complete end of 2022, and I tell the team, sorry, 2021. I come, tell the team, as soon as we come back in 2022, we're gonna change some things around. So the first week of 2022, we have an all-hands meeting. I was like, here's what we're gonna do, we're changing everything. We're gonna take our newsletter, turn it into market briefs, we're gonna launch this app, market insiders, we're gonna do all this stuff. And everyone's like, where did this come from, right? And so, we implemented all that, and then, this is now early 2022, it took some time to implement. Market Briefs now becomes its own company, its own newsletter, we're providing- Financial news is accessible. I talk about accessibility of financial education. For me, that is the biggest thing because, you know, I never understood those big terms.

• 18:11Jaspreet Singh?

  What does the 10-year yield going up 40 basis points means? It doesn't make any sense to somebody who's getting started. So I want to make things accessible. So that's what we do. We break it down in a fun witty email that you're actually going to want to read, that you're going to look forward to reading this email, and it's completely free. And so we're going to create this into our own company. And we went through a lot of, I mean, it was a painful transition because we had issues with the email service providers. We had a company saying that, yeah, it'll work. We spent months transitioning over. The first week that we're working with this company, they say, oh, sorry, you're promoting financial content? We don't allow financial education. We don't allow stock market. We don't allow cryptocurrency. We don't allow anything related to finance on our platform. I'm like, dude, you've been working with us for two months.

• 18:53Jaspreet Singh?

  I've talked to five people on your team. They know exactly what we're doing, and now you're telling us this? So we had to start the whole process over. So it was a big, you know, it was a part of an entrepreneur. You touched them off. Big mess. We go somewhere else. And now, like, it was April of 2022 where things finally, like, all right, we got it situated. Now that's not, we're going all in. So, you know, you'd ask, where is most of the revenue coming from? It was YouTube, and it is, but I won't be long because, you know, I talk about how YouTube funded my business. I take the revenue from YouTube. I'm investing all of it back into my companies because I want to turn market briefs into something big, man.

• 19:34Jaspreet Singh?

  Because it is needed. It is so important because if you're an investor, you need to know what's happening.

• 19:42Lewis Howes?

  How should people be thinking about this so they have enough safety and security? They have enough in the bank for if something goes bad in the economy. They've saved enough. But also, they're not just overspending as well. Some people who have the personality where they just spend, spend, spend, then they go into debt, right? So how do we? Balance.

• 20:02Ken Honda?

  Yes.

• 20:02Lewis Howes?

  Money, so that we have enough for, you know, the future.

• 20:07Ken Honda?

  Yeah.

• 20:08Lewis Howes?

  And we're not in debt.

• 20:09Ken Honda?

  So that's, I'm so fascinated with a couple counseling and sometimes family counseling. You know, we're trying to have balance. That's what's so beautiful about hu- humankind. You know, somehow the spender gets married with money maker.

• 20:26Lewis Howes?

  Right.

• 20:28Lewis Howes?

  Someone's making all the money and someone loves to spend it all.

• 20:30Ken Honda?

  Right, and so they come in and this person is spending so much money. No, no, you're making too much money, you know. So you have no time for me. That's why I'm trying to get the stress out by spending money. So you have to have the balance. That's where Zen comes in.

• 20:45Lewis Howes?

  Interesting.

• 20:46Ken Honda?

  If you're spending too much, you have to start saving. If you're saving too much, you have to start spending. So the prescription I give to each client is different. For some people, the savers. I said, withdraw a thousand dollars and spend it for nothing in 24 hours.

• 21:07Lewis Howes?

  They probably freak out like, ah.

• 21:08Ken Honda?

  No, they are okay to the withdrawing part. And so the next few days, a week later, they came back and said, can I withdraw a thousand dollars?

• 21:19Lewis Howes?

  I didn't spend it.

• 21:20Ken Honda?

  But I spent like twenty dollars.

• 21:22Lewis Howes?

  Oh, man.

• 21:23Ken Honda?

  Because they cannot waste their money. It's against their constitution.

• 21:29Lewis Howes?

  I know people like that. So what should people be spending their money on?

• 21:33Ken Honda?

  Right.

• 21:33Lewis Howes?

  So they don't feel like I'm just blowing money and wasting it.

• 21:37Ken Honda?

  I know, so like a money maker, money makers, they think, is this a good investment?

• 21:42Lewis Howes?

  Yes, yes.

• 21:43Ken Honda?

  So don't think about it because just enjoy the money flow. You can give it to people, you can just, you can throw it away on the floor. Because somebody's going to pick it up and make somebody very happy. So you can be creative with money. But we are taught from a young child, that childhood, that you have to take care of money well. Just, what if, what if you just throw your hundred dollar bills on the, on the street? What would your mother say?

• 22:14Lewis Howes?

  Right.

• 22:15Ken Honda?

  Right? So, but for exercises, I tell people, can you throw away your money?

• 22:22Ken Honda?

  And they they they show me the expression as if I'm saying I'm gonna you're gonna die in ten minutes.

• 22:28Lewis Howes?

  Wow.

• 22:29Ken Honda?

  They've been like, you know, so I enjoy it so much.

• 22:32Lewis Howes?

  What what happens with your clients when you say, okay, go spend a few hundred dollars today, or leave money out on the table for someone to pick it up, and you do these experiments?

• 22:42Ken Honda?

  Mm hmm.

• 22:43Lewis Howes?

  What do these individuals say afterwards, a month later, a year later, about giving their money or spending it, not all of it, but some of it, in these experiments?

• 22:53Ken Honda?

  So they realize how much attachment they had toward money, and it's in here. And by the way, my finding shows that the saver type, the people who have attachment for money, tend to have this problem physically.

• 23:10Lewis Howes?

  Hmm.

• 23:10Ken Honda?

  They get constipation.

• 23:13Lewis Howes?

  Constipated, yeah, yeah, yeah.

• 23:15Ken Honda?

  So there is that. So they have a hard time letting go of money.

• 23:20Lewis Howes?

  And their waste, their food.

• 23:22Ken Honda?

  Because they're attached to it.

• 23:24Lewis Howes?

  What happens when we are attached to money?

• 23:27Ken Honda?

  I think the flow of energy gets stopped. So if you let go of money easily, the more opportunities come easily. But because you let you cannot let go of money, you cannot receive.

• 23:40Lewis Howes?

  Hmm.

• 23:41Ken Honda?

  So if you let go easily, the more to come. So those people are losing out opportunities. So say, I had a friend in my twenties. When I asked him to go out and have some fun, and he said, no, no, no, I don't want to do that because it's gonna cost something. Say, you know, fifty dollars or a hundred dollars for a party, right? But just look at what he's missing. He's missing out the opportunity of meeting new people. Like, I met many great mentors by attending very expensive seminars. You know, I attended like two hundred dollar seminar. At the time, it felt like a million dollars.

• 24:22Lewis Howes?

  Yes.

• 24:22Ken Honda?

  But since I was the only student at the time to attend a business seminar, everybody loved me.

• 24:30Ken Honda?

  So $200.

• 24:31Lewis Howes?

  It's so cool that you're here with all these older people and you decided to show up. Let's mentor you.

• 24:36Ken Honda?

  Yeah, yeah, so I was like a, you know, little toy. Okay, you know, I want to just play with you. So, um, so that was a great, great investment, for, for example. So if you let go of money easily, you get so much. Uh, so, uh, why don't you think of, uh, letting go of money and also as a, uh, almost like a shopping for your memories?

• 24:58Lewis Howes?

  Shopping for memories.

• 24:59Ken Honda?

  Yeah, because I, I didn't have to fly. I'm, I'm going around the world this time. I'm just meeting up a lot of people. It costs some money, right? But with the, um, with, by spending so much money on hotels and airplane. Look what I'm having. I'm such, uh, uh, I'm having such a great time.

• 25:17Lewis Howes?

  Yes.

• 25:18Ken Honda?

  And, uh.

• 25:19Lewis Howes?

  You have experiences, life memories.

• 25:21Ken Honda?

  Yeah, so when I'm in a senior home, uh, some, sometime in the future. I think of having, you know, this conversation with you and meeting up a lot of great people in the world. So I, I, I have full of memories. So, um, if you just have, if you don't spend the money, you don't get all the fun memories.

• 25:40Lewis Howes?

  Right. And what happens to people when they speak bad about money? They complain about it. They live in scarcity. What happens?

• 25:50Ken Honda?

  Yes, it's a good question. So think of money as a person. Uh, I always ask, um, you know, I, I talk to thousands of people all the time and just ask, ask a big audience. Uh, how many of you love money? You know, if it's a business seminar, they say, yes. And my next question is, how many people do you think money loves you as much? And they think, hmm, I love money, but I don't know if I'm being loved by money. But, uh, mute, uh, feelings must be mutual. Right, it's the same thing with our relationship. Even if you love her, love him so much, if you don't get the same amount of love from, from the other part, it doesn't mean anything.

• 26:31Lewis Howes?

  So you have to, you have to love your money and your money has to love you. But if you speak bad about money.

• 26:37Ken Honda?

  What would you think?

• 26:38Lewis Howes?

  Or you speak bad about people who have money.

• 26:40Ken Honda?

  Yes.

• 26:41Lewis Howes?

  Then why would money love you in return?

• 26:43Ken Honda?

  Yes, so, exactly, thank you for answering me. Yeah, so that's exactly, exactly what I want to say. If you want to be in love with money, you have to be, you know, you have to respect your money as your best friend or your love of your life. So love and money can love you back.

• 27:03Lewis Howes?

  So what are the best ways that we can start respecting our money better? So that our money loves us more and wants to bring more friends?

• 27:12Ken Honda?

  I always ask my money where it wants to go.

• 27:15Lewis Howes?

  Really?

• 27:15Ken Honda?

  Yeah.

• 27:16Lewis Howes?

  So what do you mean? You have like a few hundred dollars in your hand and you say, where do you want to go?

• 27:20Ken Honda?

  Yeah, the other day I got a big, uh,

• 27:22Lewis Howes?

  Check.

• 27:22Ken Honda?

  A big check from overseas. That the book I wrote eighteen years ago. It's about ten thousand dollars. And then, oh, oh, thank you, thank you, money. And I asked money, uh, do you want to stay with me? Or do you want to go somewhere? And the money said, I might, I hear it in imagination. Uh, the money says, I want to go to Cambodia.

• 27:43Lewis Howes?

  Really?

• 27:44Ken Honda?

  To help kids.

• 27:45Lewis Howes?

  Wow.

• 27:45Ken Honda?

  And then I remember there is a friend of mine who is doing an orphanage in Cambodia. So that ten thousand dollars is helping, um, uh, kids for fruits and electricity and the rent for a whole year, like thirty-six kids. So, and that ten thousand dollars, I could have used for something else, but I have already enough. So, um, by asking the money where it wants to go, it went to the right place.

• 28:11Lewis Howes?

  Wow.

• 28:11Ken Honda?

  To bless the kids. So. I'm so blessed with happy money. So if I start doing that, the more money comes in. So more money comes in from the world and I've written 200 books. So like book royalties come from everywhere. So almost like every few other days, I get money from somewhere.

• 28:31Lewis Howes?

  Amazing.

• 28:32Ken Honda?

  Yeah, so I ask money, where do you want to go? And then I want to take your family out for dinner. That's good. So we just, you know, go. So it's not, I'm not, I'm not saying that you should spend your money for somebody else. It could be, you know, I want to buy a car or whatever that is. So, so if you can be, if you can have some distance from money. Instead of like, this is all my money, you can be free from money.

• 29:00Lewis Howes?

  Because what happens to someone who has so much extra money at the end of their life and they don't spend it? What do you think about that? Because a lot of people have a lot of extra, but then they pass it down to their families or they put it in trusts and then they give it out to charities. What's your thoughts on that?

• 29:19Ken Honda?

  I'm just saying that they're missing out a huge thing, you know. They could have seen what your money could have done.

• 29:27Lewis Howes?

  The impact.

• 29:28Ken Honda?

  Yeah, my mentor, one of my mentors is Junki Yoshida, who is a founder of Yoshida Groomersauce in Portland, Oregon. And he donated something like eight or 10 million dollar worth of state to Children's Hospital.

• 29:46Lewis Howes?

  Wow.

• 29:46Ken Honda?

  And he's in his 60s, so, or early 70s. So he, he's still alive, right?

• 29:55Lewis Howes?

  He experiences it.

• 29:56Ken Honda?

  Right. I mean, usually I hear when you pass out, pass away, that goes to something, right? But he donated the big, big house that their, all their kids grew up on, donated the huge mansion to the hospital. And I asked him, If I were you, I want to live as long as I, you know, I'm alive. And then when I die, or my wife dies together, that can go. And he said, I wanted to see how my, how my money, or how my, how my house is helping kids while I'm alive. Don't you think it's selfish? No, no, no, no, no.

• 30:37Ken Honda?

  I think you have all the rights to see how your happy money can help others.

• 30:42Lewis Howes?

  Right.

• 30:43Ken Honda?

  So if you just hoard your money and then die without doing anything, you are missing out the most fun because you have such an impact. You could have an impact for other people.

• 30:55Lewis Howes?

  Yes.

• 30:56Ken Honda?

  And I think that's a reward for making so much money.

• 30:59Lewis Howes?

  Right. What is the vision for your money life for the rest of your life? Do you want to die with zero? Are you trying to give more of it away? Are you trying to make more? Are you trying to make your container bigger?

• 31:11Ken Honda?

  Uh huh.

• 31:11Lewis Howes?

  What's your vision?

• 31:13Ken Honda?

  Yeah, two, I may surprise you, but I'm a money indifferent type.

• 31:18Lewis Howes?

  You're neutral.

• 31:19Ken Honda?

  I'm not really interested in money.

• 31:21Lewis Howes?

  Really?

• 31:21Ken Honda?

  Yeah, because I'm not interested in growing my money because I have already enough. And I make enough. So I'm not interested in money, even though I'm regarded as a money group, because money flows enough and goes up enough. So I don't have a goal. I don't have any attachment.

• 31:40Lewis Howes?

  Sure.

• 31:41Ken Honda?

  And as I said, even if I lose everything, my friends will take care of me.

• 31:45Lewis Howes?

  Right.

• 31:45Ken Honda?

  So I don't have any thing. But for, for humankind, I have a vision. I hope in 20, 30 years, or when I, while I'm alive, I want to see human being can be free from money or money worries. That's why I'm, I'm doing my work actively in the world. Because I don't need to get something out of people. I'm just here to share.

• 32:11Lewis Howes?

  Yes.

• 32:12Ken Honda?

  And if you know how not to worry about money, you are going to do something else. You know, so my question to the viewers and, and friends is that if you don't worry about money, just even the slightest bit, what would you do? What is a project that you want to start? And that is something you have to go right away.

• 32:32Lewis Howes?

  Yes. What would you say to parents? On the three most important things they should be teaching their children.

• 32:40Ken Honda?

  Okay.

• 32:41Lewis Howes?

  As they get into, you know, after five years old, as they start learning about money and the material world, what lessons should parents be teaching their kids about money?

• 32:53Ken Honda?

  Yeah.

• 32:53Lewis Howes?

  In your opinion?

• 32:54Ken Honda?

  Great, thank you. So I used to, and I think I'm still teaching my child, she's 24, so she's grown up already. But the first thing I would teach is money is fun. So if your kids know that money is fun, so we used to sit on the dinner table, just say, I have this, say, $10,000 to donate. What do you want to do? You can, you know, help rescue the animals, you can help the environment, you can help the homeless people, what do you want to do? And when we give presents, what would you want to do?

• 33:35Ken Honda?

  So my daughter grew up thinking money can do so many wonders. So if all our kids learned money is a magical wand to make people happy, I think people are more excited about getting the money. So they have no negative ideas about money. And imagine what if all the child have never been scolded for wasting their money? I think we will be so stress free. Because a lot of worries come from the need for survival, and it's attached to money.

• 34:11Lewis Howes?

  Right.

• 34:12Ken Honda?

  So once we are free of money stress, I think our life would be so different.

• 34:19Lewis Howes?

  Yes.

• 34:19Ken Honda?

  Yeah, so if you can teach money is a fun thing, that is a great starter.

• 34:25Lewis Howes?

  Okay, number one, teach them money is fun.

• 34:27Ken Honda?

  Right. And also, I want you to teach your kids about money and emotions.

• 34:35Ken Honda?

  Because those things are not taught at school. Uh, because even though your child is grown up with a positive attitudes, your friends may not. So they they're trying to compete with you of how much they have allowances or like this is my new iPhone, something.

• 34:56Lewis Howes?

  Yes.

• 34:56Ken Honda?

  Or like this is my sneakers or whatever that is. And then people try to manipulate you.

• 35:02Lewis Howes?

  Yeah.

• 35:03Ken Honda?

  With emotions. So if you start teaching, you feel bad about money, you feel ashamed of money, you feel guilty about around money, we all feel some emotions.

• 35:14Lewis Howes?

  Yes.

• 35:14Ken Honda?

  So if you start teaching emotions about around money, I think your kids will be emotionally free from money stress.

• 35:23Lewis Howes?

  Yeah, they won't be comparing themselves to others who have more.

• 35:26Ken Honda?

  Right.

• 35:26Lewis Howes?

  They'll feel good about themselves.

• 35:28Ken Honda?

  Right.

• 35:28Lewis Howes?

  Yeah.

• 35:29Ken Honda?

  And I think related to that, I probably share, I once shared with my daughter, you know, I'm not the wealthiest man in in the world. I I have enough money, but I don't call myself, you know, the tycoon or whatever that is. I don't have a private jet, right? So but I'm financially independent and free. So I teach my daughter that about money emotions. And at the same time, I have a lot of emotions too. Sometimes I feel guilty, sometimes I feel shame.

• 36:05Lewis Howes?

  Really?

• 36:06Ken Honda?

  Yeah.

• 36:06Lewis Howes?

  Around money or around?

• 36:07Ken Honda?

  Yes, around money or everything.

• 36:09Lewis Howes?

  Why do you feel guilty or ashamed?

• 36:10Ken Honda?

  Uh, like say, all my students have less money than I do. So sometimes I used to feel, sometimes I feel I'm taking advantage of other people. Right? I don't need to get money. So sometimes I do seminar for free.

• 36:25Lewis Howes?

  Sure.

• 36:26Ken Honda?

  But anyway, so I feel shame, guilty, guilt around money.

• 36:31Ken Honda?

  So I share that with my daughter.

• 36:34Lewis Howes?

  How do we eliminate those negative emotions? Like, how do you get rid of those?

• 36:40Ken Honda?

  You cannot.

• 36:40Lewis Howes?

  Really?

• 36:41Ken Honda?

  Because it's

• 36:41Lewis Howes?

  It's human nature.

• 36:42Ken Honda?

  As long as you live. Say you're very happy. But if the person right next to you is crying, you know.

• 36:50Lewis Howes?

  You feel bad.

• 36:51Ken Honda?

  You feel sorry for her. So sometimes you may feel about guilt for being happy. So sometimes I'm, I feel guilty. When my friends, author friends saying, Ken, my books are not selling well. I'm so sorry.

• 37:08Lewis Howes?

  Yours is selling so well.

• 37:09Ken Honda?

  Yeah, yeah, so I feel guilty, I feel ashamed, so many things. So I'm teaching my daughter that this is very natural.

• 37:17Lewis Howes?

  Gotcha.

• 37:18Ken Honda?

  But the bad things happen if we try to manipulate our feelings by compensating, working hard, by working hard, by saving what. So I'm just joking. If I could become a Prime Minister of Japan, I'm gonna print every note of banking note said, making too much, worrying too much, and spending too much can be hazardous to your health.

• 37:42Lewis Howes?

  I like that, that's good. Okay, so the first thing to teach your kids is money, money is fun. You can make people happy with it. The second thing is to learn about money and emotions.

• 37:52Ken Honda?

  Yes.

• 37:53Lewis Howes?

  That these things are natural to have emotions around it. The third thing the parents should teach kids about money?

• 37:59Ken Honda?

  More you give, more you receive. So you don't have to work so hard to get the money. But if you want to get more, you have to give more. And to do that, you have to be loved by people around you. You have to have many friends. So to do that, you have to have a good relationship, relationships with people. So relationships are everything.

• 38:24Ken Honda?

  In North America, it's very individualistic. So you eat your own food, you eat your own thing. And since you're five, you're so used to taking examinations. You never had examinations with three of your best buddies and coming up with the right answer.

• 38:40Lewis Howes?

  Yeah.

• 38:41Ken Honda?

  I think we should, but it's so individualistic. So you cannot talk with your friends while you're having an examination. You can't collaborate, yes. Right? Uh, uh, hey, Bill, what do you think? Number three? Okay, thank you. You know, it doesn't work that way. And then it's up to your twenties and thirties. So, uh, especially in North America, everybody seems isolated. Because you cannot talk about your sexual problems or financial problems, your emotional problems with your best friends. So you hang out and go to big, go, you know, for a glass of beer and just watch the, the sports. But you have, you're missing out the most quality moments, which is share your problems. Because your best friend may have the exact problem. You might have a deeper connection.

• 39:25Ken Honda?

  Right. So you have to really have, um, this mentality of being supported by friends. So do more and receive more. So, uh, by hearing that, you know, you don't have to worry about taking advantage of other people. Uh, something is not fair, the rich is doing something bad. It's nothing, uh, it's not over your problem. You focus on what you give and what you share, and then you receive.

• 39:55Bob Proctor?

  The earning of money is, is an exact science. And it's, it's governed by law. The amount of money you earn is in direct ratio to the need for what you do, your ability to do it, and the difficulty there is in replacing you. It's the need for what you do, your ability to do it, and the need, uh, the difficulty there is in replacing you. Now,

• 40:19Bob Proctor?

  our, in this business I'm in, you can earn an awful lot of money. Because there's a tremendous need for a person that does what I do. I've traveled all over the world, from Shanghai to Buenos Aires to all over Europe, Asia, everywhere. Everywhere they need what I've got.

• 40:43Bob Proctor?

  There's a tremendous need.

• 40:46Bob Proctor?

  I can earn more money than a neurosurgeon. Now, everybody has a brain, but not everybody needs it operated on.

• 40:59Lewis Howes?

  They need it operated in a different way, the way you do it.

• 41:01Bob Proctor?

  If the need for what you do, then your ability to do it.

• 41:06Bob Proctor?

  So if a person, if there's a great need for what a person's doing, then they've got to get really good at it. So you never stop getting better at it.

• 41:16Bob Proctor?

  You're good at what you do. And I don't mean to flatter you, you are just good at it. I've watched you do it.

• 41:22Lewis Howes?

  Thank you.

• 41:22Bob Proctor?

  And you do it, like I was mentioning, you're sort of the...

• 41:33Bob Proctor?

  Well, you're much the same as...

• 41:38Bob Proctor?

  You're on a blank on his name.

• 41:40Lewis Howes?

  Tell me, Larry King?

• 41:41Bob Proctor?

  Larry King, yeah. Because Larry was a master. Larry never talked about, and Larry, he never, it was all about you. You never heard him say "I." It was always about, you know, interviewing the person. So there was a great need for what he did. He was entertaining a lot of people.

• 42:01Bob Proctor?

  His ability to do it, he was very good at it, so he was very difficult to replace. Now, when you're difficult to replace, your stock goes up.

• 42:13Lewis Howes?

  Yeah.

• 42:16Bob Proctor?

  We've learned, we've got to learn how to earn money. And most people don't know how to earn money. Most people think you go to work to earn money. Do you know, I was in a seminar in Phoenix, probably a couple of years ago now, and this guy came over and talked to me, I knew him, not well, but I knew him. And he was a doctor, and he told me he was thinking of quitting. I said, "Why are you going to quit?" Well, he said, "The medical profession's on my stuff now," he said, "You've got to put in more time to earn less money."

• 42:54Bob Proctor?

  I said, "Well, that's true." But I said, "Why did you become a doctor?" Well, he said, "I love it." I said, "What the hell?" The fact that you're earning any money is a plus. You don't go to work for money. You go to work for satisfaction. There's two rewards in life. One is material and the other is psychic. We shouldn't work for money. We should work for satisfaction. You provide service to earn money. Take some recording stars. I got the millions on a recording. But look at the millions of people that are being entertained.

• 43:35Bob Proctor?

  Construction workers, air flight attendants, restaurants. There's the music's playing, entertaining all the people that can hear that music. So they're entertaining all the people. And that's where it's coming, you see? You do what you, you work at what you love to do. And you'll get tremendous satisfaction. Like, "I love what I'm doing." I would do it for nothing if I had to pay. I, I just love it. I really love it. And so, the fact that I love it,

• 44:09Bob Proctor?

  why would I want to do anything else? And that's what I said to him. You get satisfaction from what you're doing, what you love to do. So every day when I get up, go to work, I'm doing what I love doing. You provide service to earn money. I have all kinds of stuff that we have stuff that we sell. Programs that we're selling. Somebody buying them now. I don't know who they are or where they are, but I'm earning money right now while we're talking. And when I go to bed tonight, I'll be earning money. And I'll earn it all night. And I like that idea, you know?

• 44:42Bob Proctor?

  Because we're providing service. So I think we have to get the money straight in our mind. And I don't think most people have it straight. If you, if people don't, you were mentioning, if a person didn't like to talk about it, they have a problem with it.

• 45:05Lewis Howes?

  So start talking about it more?

• 45:08Bob Proctor?

  Absolutely.

• 45:11Bob Proctor?

  Yeah, if there's somebody that you're around, a partner, an associate or something, and they really don't want to talk about money,

• 45:20Bob Proctor?

  you, um, I think there's a problem there.

• 45:25Lewis Howes?

  Yeah. If someone came to you and has struggled with money their entire life, whether they're in their early twenties or they're in their forties or fifties, and they asked you, "Bob, what do I need to do to make my first million dollars?" What would you say are the most important things they should think and act on next?

• 45:50Bob Proctor?

  Well, first of all, they've got to believe that they can earn the million dollars.

• 45:55Bob Proctor?

  They've got to develop a belief system.

• 45:58Bob Proctor?

  Our belief system is based upon our evaluation of something. And frequently, if we reevaluate the situation, our belief about it will change. We've got to understand that money is easy to earn.

• 46:11Bob Proctor?

  I work with our sales staff all the time, helping them learn how to earn more money.

• 46:18Bob Proctor?

  I work with members of our staff, different members of our staff,

• 46:23Bob Proctor?

  helping them develop the desire to earn more money, and then I show them how they can do it.

• 46:29Bob Proctor?

  And, um...

• 46:33Lewis Howes?

  How do we believe if we've never seen evidence before or gotten results before of earning it?

• 46:38Bob Proctor?

  Yeah, it's through the repetition of it. Through the repetition of writing it and believing it. I had an affirmation that I used for years, still use it. "I'm so happy and grateful now that money comes to me in increasing quantities through multiple sources on a continuous basis." "I am so happy and grateful now that money comes to me

• 46:59Bob Proctor?

  in increasing quantities through multiple sources on a continuous basis." I just keep repeating that like a mantra.

• 47:06Bob Proctor?

  And you're right out, you know, I'm so happy and grateful now that I have in my possession a million dollars. And that's where you started out intellectually, then you get emotionally involved. And if you keep doing that, ultimately, you're going to attract the money. And you've got to ask, how can money be earned? Money can be earned in all kinds of different ways. We have a company, MSI Connect. It's a pet of mine, not my partner's. I don't think she's too in love with it. But I think it's a neat company. MSI is multiple sources of income connect. And there's a lot of people there and they connect with each other. And they set up joint ventures with each other.

• 47:49Bob Proctor?

  They set up affiliate things with each other. You can buy different things there. People sell stuff there, you know? They study money there. You've got to get into an environment where money is talked about, where it's understood.

• 48:14Lewis Howes?

  You know, it's interesting you say that because for years I have studied money at different levels and those levels of studying have gotten me to those results. But I've never been able to really, you know, but there was always a cap and you've got to learn something new in order to break through that cap into a new level. And I've never really understood the stock market. I've always just invested in certain things and allowed them to just work on their own. But I've never actually taken full ownership of learning it myself. I've always had a financial advisor and things like that. And now I said, you know, I just want to understand the stock market. I want to, I want to learn it because I don't know, I'm still uneducated.

• 48:56Lewis Howes?

  I don't even know how to buy a, I bought my first stock like a few months ago, myself. I've invested in stocks and index funds, but I've actually learned how to do it myself. And I was like, I need to find the best people that are doing this and learn from them and have conversations with them. And it's been amazing in a short amount of time by surrounding myself with people that are doing at an astronomical level, just by having a couple of conversations, taking the risk and doing it myself and trying it and learn and fumbling around, having no clue what I'm doing. I'm already seeing growth in a couple of months. But if I didn't have the awareness to ask those questions and surround myself with that

• 49:36Lewis Howes?

  knowledge and then apply it and continue to learn from it, I'd still be stuck to where I was before. And so I think that's what we need to, I love the way you talk about the environment, about constantly being curious, asking these questions and having the conversations because it doesn't matter how successful we are, we'll be stuck to a level of our past knowing until we break through and find a new knowing. I'm curious, for those who want to learn the millionaire morning routine, they want to master this, they want to learn what do those millionaires or billionaires do with their morning routine, you've already shared a few things that you do, what would it look like if you had 90 minutes in the morning to set yourself up to reprogram your money mindset?

• 50:22Bob Proctor?

  Well, I don't think it would take you 90 minutes. You could spend, oh God, nine minutes.

• 50:34Bob Proctor?

  If you just write down, write it, write this down right now, I am so happy and grateful,

• 50:42Bob Proctor?

  I am so happy and grateful now that I have multiple sources of income.

• 50:53Bob Proctor?

  I am so happy and grateful now that I have multiple sources of income.

• 51:04Bob Proctor?

  You know,

• 51:07Bob Proctor?

  if you write that out every day for the next 30, 60 days, you're going to become very, very aware of having multiple sources of income. Wealthy people all have multiple sources. They don't have one or two, they have a whole bunch of them. I don't know how many sources of income I've got. I'm not even interested in figuring it out because somebody else looks after that. I don't look after it. But I do know that you can do that. That's what Keith did it down in New Orleans. God, he just.

• 51:41Bob Proctor?

  His life changed so dramatically. And I'll show you different things you can do because anyone can. You want to set up multiple sources of income. You know, I was flying on a plane to KL. I used to fly Toronto to KL once a month and back. It's 25 hours near one way. So.

• 52:03Lewis Howes?

  Wow.

• 52:04Bob Proctor?

  When I'm on the air, in the air, I either work with names, words, or numbers. And I wrote down one with six zeros. And I thought, what is the big deal about a million? You know, you often hear people say, what would you do if you had a million? If you won a million? And I got thinking about it. And I played with that on the plane for quite a while. And it dawned on me, they do not have one source of income. They don't have a job. Now, some people have a job, earn a million dollars, but that's, that's the unusual one. And then I got playing with it further.

• 52:48Bob Proctor?

  And I broke it down, they'd have, they'd have more than one. And then I got it multiple, and then MSI. Well, then I got thinking, we should run a seminar, teach people to earn a million dollars by setting up multiple sources of income. And when I got off the plane, I phoned Mark Victor Hansen down in Newport Beach. I was in KL. I woke him up in the middle of the night. And I got talking, he says, great idea. So we started the Million Dollar Forum. And he got involved in Bernie Dorman, who's just passed away, and Jack Canfield, and Lee Pulis. In fact, that's where the Chicken Soup for the Soul books came from, from that particular seminar.

• 53:29Bob Proctor?

  And we were teaching people to set up multiple sources of income. Well, they earn many millions from that. But that's where that started. And you are in a beautiful position to set up all kinds of sources of income. So when you think of wealth, you know, you might only earn 100,000 or 15,000 from one source. You might earn 200, 300,000 from another.

• 53:59Bob Proctor?

  But you have a lot of them.

• 54:01Lewis Howes?

  Right.

• 54:02Bob Proctor?

  And that's where you'll earn wealth. Like, I don't invest in the stock market.

• 54:09Bob Proctor?

  My wife's have bought stocks, Sandy buys stocks, I think. I just don't pay attention to it, it's not, it doesn't interest me. I'd rather earn it by thinking, putting an idea to work than let the stock market do for me. That's not, that doesn't excite me.

• 54:26Lewis Howes?

  Sure.

• 54:27Bob Proctor?

  I'd rather sit here and think of, I, I sat here for another hour after we get off, I could think of a way of creating a source of income.

• 54:36Bob Proctor?

  And, and it would be a damn good one, because they're all good.

• 54:38Lewis Howes?

  Right.

• 54:39Bob Proctor?

  Very creative. My mind is, you know, conditioned along that level.

• 54:45Lewis Howes?

  Yeah. What do you think are three skills everyone should learn in order to generate more wealth and generate more income for themselves? Or just to improve the quality of their life in general? What are those three skills you wish everyone could master?

• 55:01Bob Proctor?

  We've got to be, you've got to be fairly creative. You've got to have a free flow of energy. Energy has to flow through. You can't be stubborn, you can't lock in on, on something and not want to let go of it.

• 55:16Bob Proctor?

  You've got to have a free flow. You've got to be interested in, in ideas. New ideas. I, I, you were talking about not wanting to watch television. I don't watch much. I love watching Shark Tank, though.

• 55:32Lewis Howes?

  Yeah, it's great.

• 55:33Bob Proctor?

  And I like watching-

• 55:34Lewis Howes?

  I just interviewed Kevin O'Leary yesterday. Yeah, he's great.

• 55:36Bob Proctor?

  Well, well, they were, you worked with him yesterday, did you say?

• 55:41Lewis Howes?

  I just had Kevin O'Leary on yesterday.

• 55:43Bob Proctor?

  Yeah. Well, you see, now that guy's mind, it's amazing the way it works.

• 55:48Lewis Howes?

  Yeah.

• 55:49Bob Proctor?

  But you watch all of them, all those sharks, their mind, it, it-

• 55:54Bob Proctor?

  Works like a rocket, you know? And they they break things down, somebody will say something, they break all kinds of things down from what the one thing the person will say. They are very, very sharp. Every one of them, and Kevin is certainly one of the sharp ones on there. But they all are. You know? I don't know if there's one any sharper than the other, but they they've got a very free flow of ideas.

• 56:19Lewis Howes?

  Yep. So flow of energy, free flow, interested in new ideas, what's another?

• 56:24Bob Proctor?

  I think you have to be service oriented. You really have to be thinking of how to do things for people, how to help people. Because money is a reward received for service rendered.

• 56:36Lewis Howes?

  Yeah.

• 56:39Lewis Howes?

  It's hard to uh, it's hard to help others when you're always consumed with the negativity in your own life.

• 56:44Bob Proctor?

  Oh, well, I mean, that's.

• 56:47Bob Proctor?

  That's why poor people remain poor. They're so locked into their problems. But if you um,

• 56:57Bob Proctor?

  listen, if a person is like that, let's suppose they're really locked in on problems. But they hear what I've just said. They really got to think of serving others. How can I serve others? How can I be of greater service?

• 57:16Bob Proctor?

  You're going to figure it out. Discipline yourself for let's say thirty, sixty, ninety minutes a day, sitting down and thinking of writing down ten ideas that could be of service to other people. And you probably won't get very good ones for the first little while, but if you keep doing it, they'll keep coming. You know?

• 57:38Lewis Howes?

  Absolutely, or you'll try stuff in the beginning and you'll you'll learn something from those efforts and you'll realize how to make them better and you you maybe maybe don't stick with them. When I started, I was like doing stuff, just hustling around, trying to figure it out, and you realize what doesn't work for you until you realize what does work. What's something else you recommend doing in the morning routine? I know you mentioned writing down this sentence every day, I'm so happy and grateful that now I have multiple sources of income. What other things would you recommend for people to to develop that millionaire mindset in the morning?

• 58:15Bob Proctor?

  Get books on money.

• 58:20Bob Proctor?

  You too can be prosperous is one. That was the one by Robert Russell. You too can be prosperous. Think and Grow Rich. The master key to riches by Napoleon Hill. Get reading these books. Get a partner to read them with. The partner doesn't have to be somebody you're living with. Could be someone on the other side of the country.

• 58:39Lewis Howes?

  I hope you enjoyed today's episode and it inspired you on your journey towards greatness. Make sure to check out the show notes in the description for a full rundown of today's episode with all the important links. And if you want weekly exclusive bonus episodes with me personally, as well as ad-free listening, then make sure to subscribe to our Greatness Plus channel exclusively on Apple Podcasts. Share this with a friend on social media and leave us a review on Apple Podcasts as well. Let me know what you enjoyed about this episode in that review. I really love hearing feedback from you and it helps us figure out how we can support and serve you moving forward. And I want to remind you, if no one has told you lately, that you are loved, you are worthy, and you matter.

• 59:22Lewis Howes?

  And now it's time to go out there and do something great.