The Real Reason You're Broke (It Has Nothing to Do With Lattes) | Mrs. Dow Jones

Your money beliefs were locked in by the time you were seven years old. The patterns showing up in your bank account right now started somewhere in your childhood. And most of the financial advice you have been given is aimed at the wrong target. Financial educator Haley Sacks, a.k.a. Mrs. Dow Jones, author of Future Rich Person: The New Rules for Building Wealth, breaks down why obsessing over lattes and pre-chopped vegetables is a waste of your financial energy. Negotiating your salary, understanding compound interest, learning to earn more. That is what actually moves the needle. There's a real difference between looking rich and being rich. Looking rich is the designer logo, the signal, the illusion. Being rich is driving a Jeep, buying back your time, and not needing anyone to notice. Haley shares how she blew her first $3,000 windfall on an oversized fake Louis Vuitton bag on eBay and couldn't make rent that month. The bag is still on her shelf as a reminder. Haley calls it learned financial helplessness. When you feel like the system is completely stacked against you and there is no real path to win, you stop trying and start looking for shortcuts. Faking rich becomes the move. But once you name what is working against you, you take back some of the power. That is where her IBIZA money mindset program (Identify, Blame, Interrupt, Z, Action) comes in. You do not need a high salary to build wealth. A janitor named Ronald died with $8 million because he always kept action money, the money left after expenses, and put it to work in low-cost index funds consistently over time. The billionaires are investing in the same vehicles available to you right now. The only question is whether you start. Get your copy of Future Rich Person: The New Rules for Building Wealth Financial Tea Podcast Haley on Instagram In this episode you will: Discover the three rules to becoming a Future Rich Person and why money mindset has to come first before any financial strategy will stick Learn the difference between action money and the rest of your budget, and why understanding this gap is the key to actually building wealth Understand learned financial helplessness and how to use the IBIZA framework (Identify, Blame, Interrupt, Z, Action) to shift your money self-identity Break down the real difference between looking rich and being rich, and what your spending patterns reveal about your deeper beliefs around value and self-worth Find out what to teach your kids about money early, including how to talk from abundance instead of scarcity, how to tie chores to pay, and how to introduce taxes through an allowance system For more information go to https://lewishowes.com/1927 For more Greatness text PODCAST to +1 (614) 350-3960 Follow The Daily Motivation for essential highlights from The School of Greatness More SOG episodes we think you’ll love: Lewis Howes Solo [$0 to $1M Blueprint] Vivian Tu Brendon Burchard TOPICS Haley Sacks, Future Rich Person book, action money, learned financial helplessness, value-based spending, financial energy, IBIZA money mindset framework, frictionless finance, compound interest, money shame Get more from Lewis! Get my New York Times Bestselling book, Make Money Easy! Get The Greatness Mindset audiobook on SpotifyText Lewis AIYouTubeInstagramWebsiteTiktokFacebookX Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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

• 0:00Speaker 00

  Money relationships are basically set by the time you're seven years old. If you're someone who's living with a lot of money shame, yeah, you're responsible for a lot of this, but there's also a lot of forces outside of you that are causing you to feel like this about your finances. And so the best thing that you can do is empower yourself financially so you can make your own money because that's going to let you be able to live your own life.

• 0:22Lewis Howes?

  The Wall Street Journal calls her the financial guru millennials listen to. And she's a financial educator and author of the new book, Future Rich Person, The New Rules for Building Wealth. We have the inspiring Haley Sacks in the house.

• 0:36Speaker 00

  We live in an age of frictionless finance, which is very dangerous because people use spending as a form of emotional regulation. Right now on our phones, it's never been easier to use Apple Pay like Apple be paying. Not only that, we are the most advertised to generation ever.

• 0:52Lewis Howes?

  Crazy, right?

• 0:53Speaker 00

  Yeah, our parents saw 500 hours a day, we see 5,000.

• 0:56Lewis Howes?

  5,000 a day?

• 0:57Speaker 00

  Yeah.

• 0:57Lewis Howes?

  Oh my gosh.

• 0:58Speaker 00

  It's so aspirational in our culture to spend money, show off how much money you have. But what about aspiring towards like maxing out your Roth IRA, towards negotiating your salary? I wanted it to feel fabulous. So I couldn't find that person, so I became her.

• 1:13Lewis Howes?

  What is the biggest challenge they'll face? And the biggest opportunity that they'll have as well in their favor?

• 1:18Speaker 00

  So I would say.

• 1:23Lewis Howes?

  What would you say are the three rules to become a future rich person?

• 1:29Speaker 00

  So I would say the three rules to become a future rich person. Number one, you have to figure out your money mindset. And that is why the first chapter of the book is simply called Face It. Because, you know, I can give you all of the financial advice in the world, but none of it is going to stick. You're never going to make any actual changes. If you do not figure out the root of your relationship with money and then set up systems and have awareness towards acting differently. So that's really the first step.

• 2:05Lewis Howes?

  And something you say around that, you say, when you lean into your biggest wound, that's where the magic happens. And the moment I stopped avoiding my finances and took control, my whole life shifted. Something you said in the book.

• 2:16Speaker 00

  Yeah.

• 2:16Lewis Howes?

  So it was really kind of like this aha moment, then realizing I need to create a new mindset around money and take control of my finances. Okay, so money mindset's one. What would be the next rule?

• 2:28Speaker 00

  So then the next rule is really understanding how to utilize your action money. So

• 2:37Lewis Howes?

  Action money.

• 2:37Speaker 00

  Yeah, so I coined this term in the book, and that is the money that you have left over after your expenses. And, you know, it doesn't matter who you are, you could be, you know, Warren Buffett, or you could be like, you know, someone, not Warren Buffett, most of us aren't, but if you don't have that action money left over that then you can play with to grow wealth with, you're never going to make progress financially.

• 3:05Lewis Howes?

  And so you have all your expenses, you calculate that, and then everything left over? Is this everything left over minus the lattes and going out to dinners? Or is this just everything left over?

• 3:15Speaker 00

  Well, you know, I do believe that you need to leave room in your budget for fun.

• 3:22Lewis Howes?

  Yes.

• 3:23Speaker 00

  Or your financial life will never be sustainable. Then you're going to be the person who's re-washing their paper towels and who's, you know, I coined the term in the book also, financial energy, which I, you know, we all have a finite amount of energy each day. I mean, I feel like I wake up and I think every day that I'm gonna like run a marathon and like start a new company and like, you know, like donate to every charity and get my whole to-do list done. And then by four P M. I'm like, okay, wanna get into bed? Can I have a cookie? Like, no one bother me.

• 3:56Lewis Howes?

  Yep.

• 3:56Speaker 00

  You know, because you wake up with all the gusto in the world and it goes away. And I think that a lot, a trap that people fall into with their finances is that they have that burst of energy towards wanting to change, which is so great. And it's something that you should absolutely hold on to and garner. But you have to understand how to put it to work so it will actually move the needle. And so much of the financial information, especially fed to women, is about using that financial energy towards things that don't matter.

• 4:32Lewis Howes?

  Like what?

• 4:33Speaker 00

  Like the avocado toast, or the latte, or you know, I read something about, don't buy pre-chopped vegetables at the store, you should always chop them yourself. What about learning to negotiate?

• 4:45Lewis Howes?

  Hmm.

• 4:46Speaker 00

  What about, you know, understanding compound interest? What about spending that energy to improve your skills so that then you can put yourself in the position to be paid more?

• 4:56Lewis Howes?

  Hmm.

• 4:56Speaker 00

  When you look 10, 20, 30 years down the line, that is what's going to move the needle for you, more than that 5, 10, $20 that you saved along the way. That being said, if you are overspending, which many people are, that's something that you have to deal with. We live in an age of frictionless finance, which is very dangerous, because people use spending as a form of emotional regulation. And right now, on our phones, it's never been easier to use Apple Pay like Apple be paying. Not only that, we are the most advertised to generation ever.

• 5:30Lewis Howes?

  Crazy, right?

• 5:30Speaker 00

  Yeah, our parents saw 500 ads a day, we see 5,000. So, more, actually.

• 5:36Lewis Howes?

  5,000 a day?

• 5:37Speaker 00

  Yeah.

• 5:37Lewis Howes?

  Oh my gosh.

• 5:38Speaker 00

  Yeah, so there's all these things that we're told that we need to buy, and it's feels impossible to hold on to your finances, you know?

• 5:46Lewis Howes?

  Yeah. What was the, in the first year after you had your financial aha moment?

• 5:51Speaker 00

  Mm-hmm.

• 5:52Lewis Howes?

  What was the biggest mistake you made, even though you knew you shouldn't have done it? Like something you're like, okay, I'm gonna do this anyways, because I feel like it's an opportunity, or it's cool, or try this out, even though you knew it went against like the new rules of money you were learning about?

• 6:06Speaker 00

  Oh my God, I have so many, because I'm like, that's what I talk about in the book too, is like, I've made so many mistakes. I'm not that financial expert who like, you know? I feel like people think that in order to be good with money, you have to have like a certain personality type. And I am clear in the book, like I'm the girl who probably is bringing her passport to the bar because I don't know where my license is. You know, I was on a date last week, my hair caught on fire. Like it's like things like this always happened to me. Like it's like, I'm not, uh, I'm not the girl with the hair washing schedule and the perfect handwriting and all these things. And so, you know, in that first year, I still was struggling a lot with wanting to look rich instead of being rich.

• 6:44Lewis Howes?

  Really?

• 6:44Speaker 00

  And I still struggle with that. And it's something that I, you know, have learned to devalue in my mind, like designer goods and things like that, but I still get caught in it sometimes. But

• 6:55Lewis Howes?

  What's the difference between looking rich and being rich?

• 6:58Speaker 00

  Looking rich is like when you're, you know, just wearing a ton of designer logos and you want to stunt and make people think that you have this illusion of wealth. And there's actually Lewis influencers who the New York Times just did an article on all these influencers who teach you how to look rich. So they like tell you to wear, you know, neutral colors and you know, like to dine a certain way and all these things. But and to me, that has to do with learned financial helplessness, because if you feel like the system is out to get you and there's no chance to win, you start looking for cheat codes to get you there faster and sort of faking rich is the way to do it.

• 7:39Lewis Howes?

  Really?

• 7:40Speaker 00

  Yeah. But then when you actually see really rich people, they don't care about that stuff. They're so casual. Um, they, you know, they're driving a Jeep. They've like, they've got like a few hobbies that they really enjoy. They love their family. You know, they're like, they're donating their, you know, they have time to themselves. They invest in their health, but they don't care about like, oh, this is my Louis Vuitton bag or whatever. It's really about buying back your time. And health.

• 8:09Lewis Howes?

  Health and time.

• 8:10Speaker 00

  Yeah, that's those are the two biggest assets.

• 8:11Lewis Howes?

  What would be like a few key signs of people who are trying to project? Project that they're rich versus people that are wealthy, the signs that they have.

• 8:20Speaker 00

  Okay, so in that first year, I got a check that I thought was like life changing. Um, that was $3,000 and not only did I buy a Louis Vuitton bag, but I bought one where it has the LV enlarged. So

• 8:38Lewis Howes?

  Super big.

• 8:39Speaker 00

  Yeah, like Yup, like exactly like, like, let's not just, don't just know, okay, low key Louis Vuitton bag like let's in the low, it's loud, like you're not going to be able to ignore the fact that like this is a designer bag. And by the way, probably fake, like from eBay, from like a random seller, like not box fresh. And you know, I could not have given that money over quicker for this item that I thought signaled success. Um, and gave me value. And then of course rent came and it was like, okay, I'm in a bit of a pickle because I did spend all that money on, you know, the bag. And so that was sort of a tough month, but uh, I keep that bag now as a reminder.

• 9:22Speaker 00

  Because I think I still will always have that dog in me a little bit of like, you know, falling a bit for the allure of like luxury. But I also know that the gratification of it is so fleeting. And that I actually get so much more money, value for my money when I spend it on experiences. Um, or you know, on creating my future more than

• 9:48Lewis Howes?

  I mean, this is not a right or wrong conversation. I've never been like, I've been more about quality and premium, like buying quality and premium versus which brand is it?

• 10:01Speaker 00

  Yeah.

• 10:02Lewis Howes?

  It's more of like, is the brand premium, but not is the name known? So that I can project. And I'm not saying, like, listen, I have a Tesla, they're signaling all around.

• 10:11Speaker 00

  Yeah.

• 10:11Lewis Howes?

  I'm wearing a Rolex. Someone gave it to me as a gift, but it was like

• 10:14Speaker 00

  Give it to me.

• 10:16Lewis Howes?

  But it's part of me feels weird when I buy like brand names to show it off for me. I feel weird about it, even though I, again, I have a nice Tesla, I have a Rolex. It's like, I'm not saying I'm better than or something, but. I always look for premium, like I want a premium experiences. I want premium food. I want quality time. I want a quality premium like travel.

• 10:39Speaker 00

  Yeah.

• 10:40Lewis Howes?

  That's what I'm looking for to create more like comfort, I guess, more like quality, more of that in my life. And maybe I have a wound against going against brands for some reason, like, I don't know, maybe it's something different there. But when someone only wants brands and they're like, I cannot wear anything unless it's designer name and it's showing it, right? And it's signaling it. What are they saying to the world typically, if that's the case?

• 11:08Speaker 00

  Well, to me, this is a form of of learned financial helplessness, which is when you feel like the system is so out to get you and there's no real opportunity to win. And so you start to prioritize things that don't really matter because you're sort of looking for shortcuts and ways out versus actually understanding that there's always still ways to win. You just need to find them. And so this could come as, you know, ignoring your bank statements, quiet quitting, I think, is a really good example of learned financial helplessness.

• 11:49Lewis Howes?

  Really?

• 11:49Speaker 00

  But yeah, but you know, where you sort of just give up, you're like, well, you know, I shouldn't have to count on myself like the it's it's, you know, the people who are sort of like, we're on a spinning rock, the world is burning. Or, you know, I see this a lot when I uh give predictions for investments. So I'll talk a lot about how important it is to start investing early. And if you invest at twenty five, two hundred dollars a month, eight to 10% return. By the time that you are in your sixties, you will have over seven hundred thousand dollars.

• 12:23Lewis Howes?

  Crazy, right?

• 12:23Speaker 00

  Which is so cool.

• 12:24Lewis Howes?

  Two hundred bucks a month.

• 12:25Speaker 00

  Two hundred bucks a month.

• 12:26Lewis Howes?

  At twenty five.

• 12:27Speaker 00

  Yep. And if you start at thirty five, that goes down.

• 12:31Lewis Howes?

  By half at least.

• 12:32Speaker 00

  Yep, exactly. But when I say that, there's always people in the comments who are going to say, well, seven hundred thousand dollars. By the time that I'm in my sixties, isn't even gonna matter. Like, you know, inflation is so crazy. And they're not wrong. Since two thousand, you know, price of living has gone up sixty seven percent. We just have increased seven percent.

• 12:53Lewis Howes?

  But if you don't invest anything and you have zero sixty five, you're screwed.

• 12:56Speaker 00

  Exactly.

• 12:57Lewis Howes?

  Then what do you do?

• 12:58Speaker 00

  Exactly. But that's learn fine. It's like this financial nihilism where you just count yourself out. Um, and that is something that I really talk about a lot in the book because I think that we see it a lot in young people. Who then prioritize like flexing or, you know, you see it even like people going to Coachella and buy now, pay later. Where they're living so much more for the now versus prioritizing their future rich person. Because they feel like there's no point.

• 13:25Lewis Howes?

  So let's go back to this moment, this aha moment. You made three grand. You went on eBay, you bought a, a big Louis Vuitton bag, right? And you still buy designer brand stuff today, right? I'm assuming.

• 13:38Speaker 00

  You know, a lot less. I now do a lot of, uh, luxury resale. So now it's become like a savvy hobby of mine where I have traveled around the world. And I've gone to Asia, I've gone to Europe to find secondhand luxury goods. And then I'll either keep them or I'll flip them.

• 13:59Lewis Howes?

  Really?

• 14:00Speaker 00

  Yes.

• 14:00Lewis Howes?

  Oh, so you make like a business.

• 14:01Speaker 00

  Yeah.

• 14:01Lewis Howes?

  You use it for a few months and you can make money.

• 14:03Speaker 00

  Exactly.

• 14:04Lewis Howes?

  That's interesting.

• 14:04Speaker 00

  Yeah, yeah.

• 14:05Lewis Howes?

  It's more of an asset.

• 14:06Speaker 00

  Yeah, it's an, I mean, but it's a hobby. It's still, it's not going to change my life, the money that I make on it, but it's become more gamified. But I'm very outspoken against, um, you know, the, the whole like Birkin culture online, which I felt for too.

• 14:21Lewis Howes?

  What's that? Just a bag?

• 14:23Speaker 00

  Yeah, the Birkin bag from Hermes.

• 14:25Lewis Howes?

  What's the culture about it?

• 14:26Speaker 00

  You know, there was so much information out there that, um, is perpetuated that a Birkin is as good of an investment as the S and P five hundred. And so it's sort of tricks women into thinking that like, you should spend twenty grand on a bag. And that that's like a really good idea because yeah, it's going to beat the stock market and you can wear it. And it's like, going to make you look rich, but it's also going to make you rich. And it's like, In actuality, those numbers are not correct. They are completely graded on a curve. Of course, there are some very rare assets that come from Hermes. It's like the crocodile, diamond, secret, like, you know.

• 15:05Lewis Howes?

  Twenty of them in the world.

• 15:06Speaker 00

  Yep, and those are gonna swing the whole pendulum one way. But for most people, put your money in the stock market. Like, what are you doing? It makes no sense.

• 15:16Lewis Howes?

  When should someone buy a five, ten, or twenty thousand dollar bag or luxury item? Like, brand item?

• 15:24Speaker 00

  Well, I think it all comes down, first of all, to figuring out what you really value. Like, you know, for me, I realized that I actually really did like the game of luxury. And I was interested in it, and I did look at it as an asset, and it was like, sort of, educational and fun, and this like little chase. And so, that's something that I actually really value. But I think that, like, when I started, it was something that I was just buying to sort of keep up with the Joneses, because I was a wolf with no clothing, or what do they call it? Sheep with no clothing. Yeah, yeah. So it was all a facade.

• 15:56Lewis Howes?

  Really?

• 15:56Speaker 00

  Yeah, it was a mask of, you know, like, don't look too closely over here, because there's not much underneath the surface. But when there is stuff beneath the surface, you don't need the mask. That's why you see, like, billionaires in sweatpants, you know, like, because they're like, yeah, I'm good. Like, I don't need to flex anymore.

• 16:15Lewis Howes?

  How long were you doing that? Like, trying to buy designer brands or whatever, until you realized, like, oh, maybe I should reevaluate this? Why I'm doing this? Like, how long were you doing that for?

• 16:27Speaker 00

  I mean, that bag was a wake-up call for me.

• 16:29Lewis Howes?

  Okay.

• 16:29Speaker 00

  Yeah, because I was already on my financial journey at that point, and I was like, yeah, that's like crazy that I have this asset, or not asset even, like, I have this bag, but it's like, I'm struggling to actually pay my rent this month.

• 16:42Lewis Howes?

  That's interesting.

• 16:43Speaker 00

  Yeah, and like, this makes no sense. And so now.

• 16:47Lewis Howes?

  Or dollars.

• 16:49Speaker 00

  Good. I like that. You're the comedian now. But um, yeah. And so then, you know, I really started to focus on value-based spending.

• 16:59Lewis Howes?

  What is value-based spending?

• 17:01Speaker 00

  So it's when you really, because you could have anything, Lewis, but you can't have everything. And I think so much of financial advice makes you feel like you have to deprive yourself to get where you want to go. But in reality, you can actually just implement your dollars towards what you value to live a life that feels like so much fuller and, you know, you get so much more out of it. And so, you know, picking a few categories of things that you really like to spend on, like, for example, I don't really care about coffees. Like, there's a lot of people who I feel like love to have their like little sweet treat, whatever. That's something that I could cut really easily from my budget. But then there's other things, like I have a dog walker.

• 17:44Speaker 00

  And that's like, really big part of my life that I wouldn't give up because it's like, it allows me to work more. And like, I know that my dog's being taken care of, which helps my mental health. And so it's like, you know, what are those trade-offs? You know?

• 17:56Lewis Howes?

  Sure. That's great. Then what's, what would you say is the mindset difference between someone who makes money versus someone who's building wealth?

• 18:07Speaker 00

  Oh, this is such a great, great question, Lewis, because there's actually a story of someone in the book. It's a real story of this guy named Ronald, who was, who's a janitor. And so he never made, he didn't have, yeah, he didn't have a high salary. But he died with eight million dollars.

• 18:27Lewis Howes?

  Come on.

• 18:28Speaker 00

  Eight million dollars.

• 18:29Lewis Howes?

  A janitor his whole life?

• 18:30Speaker 00

  Yeah, janitor his whole life, but was, no, he worked as a gas station attendant as well.

• 18:34Lewis Howes?

  Okay.

• 18:34Speaker 00

  So it was between, but like neither are high-paying jobs.

• 18:38Lewis Howes?

  Wow.

• 18:38Speaker 00

  And then he was able to, he died in Vermont and he was able to, he donated the money to the library there and to the hospital. He really made a difference, but he lived frugally. So he always had action money, right? And he, and he also invested in his financial literacy. So he understood index funds and put money away consistently in them. So they were compounding over time. And he was able to then, you know, at the end of his life, see this massive profit because we know that, you know, With compound interest, it's like a snowball running down a hill. It gets bigger and bigger and bigger. It builds on itself. Um, and so I think that's such a good example because people think that in order to be rich, you have to have this really high salary, but like you, that's not true.

• 19:22Speaker 00

  You just have to spend less than you make and be putting the difference to work.

• 19:28Lewis Howes?

  With all the, I mean, I could imagine people in their twenties or thirties right now saying, that sounds nice that he had eight million dollars when he died, but he didn't live a full life because he didn't spend any of it. And since I get 5,000 advertisements a day and every musical venue and Coachella and, and whatever travel and trip and adventure that's trying to sell me something right now, I'm going to go live my life to the fullest. So what do you say to someone in their twenties and thirties who's like, I want to live my life full now and not die with a bunch of money in the bank?

• 20:02Speaker 00

  The people who are like, forget your 401K, I want 401K memories.

• 20:08Lewis Howes?

  Right, right, exactly.

• 20:09Speaker 00

  Yeah, yeah, yeah. Well, you know, we talked about compound interest. And the importance of starting early, and I just think that it's such a missed opportunity to get your money in the market, but I also understand that right now we are fed so much of people who are living these crazy lives. Like whenever you go online, you're seeing someone who's your age, who's like 10 times hotter than you, has like 10 times better of a relationship. They're going on 10 times more vacations. Like they're just 10x everything. And you're like, shoot, like this, what I'm looking around at? Not doing much for me now, like this sort of sucks actually.

• 20:51Speaker 00

  So then you think, okay, let me go buy the thing that they have because it's going to make me feel like them and give me their life. But that's not how it works. Then you just have that thing and you don't have anything else. And you're actually in debt, which causes you a lot of financial stress.

• 21:11Lewis Howes?

  Stress.

• 21:12Speaker 00

  And it just adds to a life that's keeping you really small. Um, and so I think that it's really, that's why the whole first part of future rich person is so much about mindset because you have to understand those triggers and you also have to learn emotional regulation. Because if you don't, then you're just going to keep acting impulsively, trying to keep up with the Joneses.

• 21:37Lewis Howes?

  I mean, it seems like a lot of people have shame that they carry around money. It seems like it.

• 21:41Speaker 00

  Mm hmm.

• 21:42Lewis Howes?

  Why do you think so many people carry shame when they think about money, talk about money, don't talk about money? And what is the process you have for them with the kind of judgment free finance conversation you share?

• 21:58Speaker 00

  I think that shame really comes from when we are trying to hide something.

• 22:05Lewis Howes?

  Hmm.

• 22:06Speaker 00

  Like when we don't want someone to see us fully. And money is so tied to value, like even in the world, like a dollar can get you something like it's valuable. Um, and so I think that a lot of us think that however much money we have is how valuable we are.

• 22:26Lewis Howes?

  Hmm.

• 22:27Speaker 00

  And that's really complicated because if you don't have that much money, then you're not going to think that you're valuable. And that's also why I think we see people faking, looking rich.

• 22:37Lewis Howes?

  Interesting.

• 22:38Speaker 00

  Because that gives perceived value.

• 22:41Lewis Howes?

  They want to show like they're more valuable than they are.

• 22:43Speaker 00

  Exactly.

• 22:44Lewis Howes?

  When someone shows that they're more valuable than they actually are internally, then what happens with that disconnect?

• 22:51Speaker 00

  Yeah, well, then you're just living a life that's not truthful. And it's always going to catch up to you because you're, you know, living on borrowed money. And that's a hedonic treadmill, like, you know, it's getting out of debt is very hard. It's not impossible, but it's something you have to really focus on.

• 23:06Lewis Howes?

  It's hard.

• 23:07Speaker 00

  Yeah, it is hard. Um, and so, yeah, I would say if you're someone who's living with a lot of money shame, first of all, know that it's not your fault. Like this is never taught and money relationships are basically set by the time you're seven years old. And so depending on how you grew up, like there's a part of the money mindset part of my book, there's a whole part on blame. Where I'm like, look, yeah, you're responsible for a lot of this, but there's also a lot of forces outside of you that are causing you to feel like this about your finances. So let's, we might not be able to change them, but we can work around them. And doesn't it feel good to name them because then you can sort of take some of the impetus off of yourself?

• 23:50Lewis Howes?

  Yeah.

• 23:50Speaker 00

  Um.

• 23:51Lewis Howes?

  Did you, did you ever have any blame or frustration around your father for having this knowledge and not passing it down to you?

• 23:58Speaker 00

  I mean, yeah, I like still have it with him.

• 23:59Lewis Howes?

  Really?

• 24:00Speaker 00

  Like he's the amount of work that I do to try and get him to do estate planning and like, like I'm so obsessed with planning for death because I, sorry, but I, you know, like I don't, I know I'm gonna be so upset when my parents pass away. Like I'm so close to them. It's gonna devastate me.

• 24:18Lewis Howes?

  Be sad.

• 24:19Speaker 00

  I don't want.

• 24:19Lewis Howes?

  Irrelevant of money and things and all this stuff. You're sad.

• 24:22Speaker 00

  Yeah, like I want to be able to deal with my grief outside of wondering, oh, do I have access to their bank account? What are, how do I get access to their digital files? Like, you know, where, who's, how do I pay the mortgage? Like, I want to understand these things. While everyone is healthy and, you know, alive and there's a lot of secrecy around it. Because I think that, yeah, because I think that he has seen, he works with such high net worth individuals and families and he's seen how much, you know, Warren Buffett always says, you should always give a, give a kid so much enough money that they can do whatever they want, but not enough money that they don't have to do anything. And I think that my dad has seen a lot of kids who got enough money, they didn't have to do anything. And it really depleted their

• 25:07Speaker 00

  sense of worth because then they were sort of, you know, helpless, like they didn't really have any purpose.

• 25:14Lewis Howes?

  For kids that are born into money, what is the biggest challenge they'll face? And the biggest opportunity that they'll have as well in their favor?

• 25:21Speaker 00

  I think the biggest challenge that you face is financial literacy.

• 25:27Lewis Howes?

  Really?

• 25:27Speaker 00

  I think it's the same for everyone because it's not, like I said, it's not inherited. And so, and also understanding the power of financial independence. Because, you know, it's such a privilege to be born into anything. And I would, you know, I don't want to complain at all because like that is so much better to have that than not. But also it does keep you stuck whenever you don't have control over your finances. It means that people have a say on your decisions and how you live your life and that you, you know, nothing's free. Even in relationships, like if you marry a rich guy, because that's what you're solving for, you're gonna pay for it every day, you know, and it's the same in families where it's like then there's expectations set on you.

• 26:12Speaker 00

  And so the best thing that you can do is empower yourself financially so you can make your own money. Because that's gonna let you be able to live your own life.

• 26:20Lewis Howes?

  Hmm. For, for women who marry for money.

• 26:25Lewis Howes?

  Intentionally, they know in their mind, I'm marrying this man because he's got money and he's gonna be able to provide or whatever it is. What typically happens in those relationships when they marry for the primary reason that they have money?

• 26:39Speaker 00

  Well, I mean, you got into a situation where you're dependent and you don't have any ability to leave. And it keeps your, you know, keeps your life really small. Like I, okay, I have a story in the book. It's actually about my best friend. Um, I asked her if I can include it. She said yes. And she was someone who was always solving for a rich guy.

• 27:01Lewis Howes?

  What does that look like? What does that mean?

• 27:02Speaker 00

  So when I first met her, she was living in a townhouse in Brooklyn Heights because she was seriously dating this guy who was like the heir to a fruit fortune. And she's really ambitious, Louis. Like at that point in her life, she had this job that was, she was like one of the million milers on United. Because she was traveling all the time for work. She was just like taking off like a rocket ship in her career. Um, and you know, making money, providing for herself, but also I think there was some part of her that was, you know, solving for the rich guy. Um, and this guy didn't have that career and wasn't supportive of her grind and her hustle. And they were not aligned and it broke off.

• 27:46Speaker 00

  And, you know, he was cheating, the whole thing. And so then the next guy. She started to date another rich guy. And he, I remember she called me and she was like, oh my God, we're going fly fishing. He, it was like one of their first, you know, weekends away. He bought me a full new outfit to go fly fishing. Tags on, she could see it was like $600. Yeah. And, but she was like, that's such a waste. Like I might never go fly fishing again. Like this is, why would you buy me a new outfit for this? I could borrow it from like the people that we're going with, like rich.

• 28:22Speaker 00

  But it was not her, it was not how she, um, value, they were not aligned with their values.

• 28:28Lewis Howes?

  She thought it was a waste.

• 28:30Speaker 00

  Yeah, she thought it was a waste. He thought it was nice. It was like a throwaway for him, but for her, it was like, that's real money. Why are you being so wasteful? The guy that she's with now, who she's engaged to, no generational wealth, son of a plumber, but picks her up from the airport every time that she flies in, and me too, if I'm with her, uh, because she, he knows that she doesn't, you know, like spending money on Ubers from the airport. She thinks it's a waste. And their favorite inside joke is making fun of people who Uber home from Trader Joe's. Because they're like, oh my God, like, why would you like go to, you know, get some good deals on food? And there's going to waste all their savings on an Uber like there. And he's really ambitious too, and like really into her hustle. And together they're building something together.

• 29:13Speaker 00

  But it's not necessarily that they, you know, that he, they came from the same place, but they're going in the same direction. Um, and there's, I think there's something really beautiful in that.

• 29:23Lewis Howes?

  That's cool. So I want to go back to what you said. You said you're, you still have some issues with your dad.

• 29:28Speaker 00

  Yeah, my dad's gonna watch this episode. He's like, cool. I didn't realize you were airing me out. Yeah. But no, he, I love, my, I'm so close with my dad. I want to be super clear, but he just is not, he's, he's seen a lot with money and how it affects families. And so he's extremely, instead of, I'm very open. I love to be open about money. He's very closed.

• 29:47Lewis Howes?

  Even still today, even with you being more open and learning more.

• 29:50Speaker 00

  And having my, I'm, I mean, I was, I'm a millionaire. Like I, yes, I came from money, but like, give me it. Like, it's like, you know, I've made the money. Like, it's like, I'm fighting, I can do whatever I want. Like I'm free. And so it's like, doesn't matter.

• 30:01Lewis Howes?

  I'm a dad, you know, my, I have twin girls, six months old. What are three things you wish your father, not making him wrong, but what are three things you wish he taught you about money growing up that new parents can, can share with their kids?

• 30:15Speaker 00

  I love that. So.

• 30:17Lewis Howes?

  Or maybe it's not teaching, maybe it's a way of being, maybe it's like three habits. I don't know. Three things that we can do.

• 30:23Speaker 00

  I love that. Yeah. So I would say. Number one, to really think about how you talk about money. Uh, because kids really pick up on that.

• 30:34Lewis Howes?

  How should you talk about the words you use, the energy you have around your conversations? What do you mean?

• 30:40Speaker 00

  I think it's important to make sure that you don't speak from a place of scarcity, but you speak from a place of value.

• 30:47Lewis Howes?

  So what is the difference between scarcity and value?

• 30:49Speaker 00

  So, okay, for example, say you're at the store and your child wants to, uh, you know, get a, uh, a toy. And you say, uh, we can't afford that. That's very different than saying we're saving towards something else. Like we have this other goal that we're working towards. So that doesn't align with our spending right now. Cause then it shows them that like you're working towards something else. You're value driven versus making them feel like there's not enough, you know? So just thinking through, you know, how you are talking about money and making sure that you

• 31:32Speaker 00

  aren't making your child feel like there is not enough, but rather that like you're all working together towards something bigger.

• 31:39Lewis Howes?

  Okay.

• 31:40Speaker 00

  Towards shared goals.

• 31:41Lewis Howes?

  That's the one thing. What's the second thing you wish your dad or parents should share with their kids?

• 31:47Speaker 00

  You know, I think that you should put a dollar amount on chores and like help around the house so that children have their own money to manage. I wish that I had had that when I was younger so much because I talk about this in the book, like my first financial memory of literally just wanting like a snack at school, but I didn't have any money. Like I didn't have a job and I didn't have an allowance. And so I would sort of like sheepishly, there was this, uh, plastic container above the washing machine that had like some spare dollar bills. Maybe I'd find a five if I was lucky and I would, you know, grab it and go. And it was always sort of secretive. Um, and you know, weird and

• 32:30Lewis Howes?

  Felt a little shame around you.

• 32:31Speaker 00

  Shameful, I don't know how to get this any other way. I'm looking outside of myself, but also like, you know, it just felt sort of dirty.

• 32:41Speaker 00

  But I wish that, but I was always, you know, helpful around the house, dishwasher, like, you know, perfect report from the babysitter, the whole thing. So I wish that they had instead been like, great, you did, you did the dishes every night this week. Here's, you know, five dollars. And then I could decide what to do with that.

• 32:59Lewis Howes?

  Did you ever ask your parents for money or were you like, hey, can I have five dollars?

• 33:02Speaker 00

  No, I didn't even ask them for money. It was like so weird. It was sort of like sneaking around. And then I saw that play out later in my life where, you know, I felt like I couldn't really rely on myself for money. Because no one had really like empowered me in that way. It was, and so I was, you know, looking outside of myself for ways to get it. Versus just being like, I'm smart enough to do this. I can absolutely earn my own way and like, let me just go for it.

• 33:30Lewis Howes?

  Sure.

• 33:30Speaker 00

  Yeah.

• 33:31Lewis Howes?

  Okay.

• 33:32Speaker 00

  And then.

• 33:32Lewis Howes?

  Put a dollar amount on chores or like.

• 33:35Speaker 00

  Give them some money to, to manage, I think is really helpful.

• 33:38Lewis Howes?

  Okay.

• 33:40Speaker 00

  And then number three, I would say

• 33:44Speaker 00

  to explain taxes to them through taxing that allowance. But then use it towards, uh, like your family as a, as a government or like as a state. So, okay, you're getting, you know, $10 in allowance, but you know, taxes are 30%. So it's really going to be $7. And then, you know, say you have three kids, that's $9 in the pot from the quote unquote taxes. And then having a family meeting and deciding, okay, how do we want to use this? Are we saving towards a trampoline? Do we want to go to Disney World? And like putting it towards something bigger that you guys are all working towards. But I think that that's like a really great teachable moment because so many people are never taught how taxes work and they're

• 34:30Speaker 00

  the biggest expense it will ever pay.

• 34:31Lewis Howes?

  Yeah.

• 34:32Speaker 00

  And there's something that you have to get used to. Um, and so I think that you can like start teaching that so early on.

• 34:38Lewis Howes?

  I love that idea. And I also like the idea of like making it around service like that tax, we have to give away.

• 34:45Speaker 00

  Yeah.

• 34:45Lewis Howes?

  Whether it's to our church or to a charity or to whatever, like, we don't keep that. You don't get, you don't get the tax money you have to give away to the government.

• 34:52Speaker 00

  Yeah.

• 34:53Lewis Howes?

  But let's use this for good that we want to do.

• 34:55Speaker 00

  Yeah, in our community.

• 34:56Lewis Howes?

  Maybe you don't like what the government does because you don't know what they're doing with your money. But you can't get around it. But this money, we can do good with it.

• 35:03Speaker 00

  I love that.

• 35:04Lewis Howes?

  So I think that'd be interesting. Instead of like, I mean, for me.

• 35:06Speaker 00

  A trampoline, no trampoline.

• 35:07Lewis Howes?

  Something like that. Use the money for the trampoline that you have.

• 35:10Speaker 00

  Yeah.

• 35:11Lewis Howes?

  But the taxes, use it towards church or something else, you know, whatever it might be.

• 35:16Speaker 00

  I love that.

• 35:17Lewis Howes?

  I think that could be good because then you're instilling service mindset as well.

• 35:22Speaker 00

  Yeah.

• 35:22Lewis Howes?

  As learning to pay taxes. That's interesting. I've never seen that taxing before. That's cool.

• 35:30Lewis Howes?

  What is the greatest money advice your dad has taught you, whether through his behavior or actions or lack thereof?

• 35:39Speaker 00

  You know, my dad is successful, but he's really low key and really generous. So like, he gives away so much money, but also like has like drives an old Jeep, wears Hoka's every day with like, just like, uh, some sort of

• 35:58Speaker 00

  down vest and like, you know, he's very unassuming. Um, and I love that about him. And I think, and it's, I always say like, dad, do you think it's crazy that you have a daughter who has like this like luxury disease? So I'm like, how did I get this mental illness of like, why do I, why, like, I've had to rework my brain so much from like, you know, wanting to look rich versus being rich. And he's like, no, you know, I think it's a lot about your upbringing and whatever. And so he understands, but it's like, he doesn't have it at all. He's so, he would give the shirt off of his back, like, he's so humble. Um, and so I think that's been something that I've learned from him. That's amazing. But then, you know, also just compound interest and.

• 36:39Speaker 00

  How simple it is to grow wealth like I, you know, now have uh my own investment portfolio. Of course, I'm very passionate about investing and I talked to him about it. And what's so crazy is that what I'm investing in and what I tell my audience to invest in these low cost index funds. They're the same vehicles that the billionaires are putting their money into. Like it's not like you need some secret cheat sheet or whatever. I always say you should want an above average relationship, above average life, above average travels, experiences, food, sex, whatever it is, but you want your investment returns to be average. Do not chase getting rich quick.

• 37:22Lewis Howes?

  Why?

• 37:22Speaker 00

  Because it'll never work out for you. It's too risky.

• 37:25Lewis Howes?

  Yeah.

• 37:26Speaker 00

  Slow and steady wins the race.

• 37:28Lewis Howes?

  That's it.

• 37:28Speaker 00

  Yeah.

• 37:29Lewis Howes?

  How long have you been investing for?

• 37:31Speaker 00

  I wish I had started earlier, but I started probably when I was like 27.

• 37:36Lewis Howes?

  Okay.

• 37:37Speaker 00

  Uh, cause yeah, my aha money moment was around the time I was like 25. And then it took me about like a year to really get a handle on my spending and also to uh build my emergency fund, which.

• 37:51Lewis Howes?

  Were you in debt back then?

• 37:52Speaker 00

  I wasn't in debt, but I was in like family debt. You know what I mean? Like I wasn't living a free life.

• 37:57Lewis Howes?

  Sure.

• 37:57Speaker 00

  Uh, but I was like, you know.

• 37:59Lewis Howes?

  What does that mean being in family debt?

• 38:00Speaker 00

  Well, you know, like my, my apartment at that time is maybe like $1,500 and you know, I think my parents paid for half of it. So it was.

• 38:08Lewis Howes?

  Subsidized.

• 38:09Speaker 00

  Yeah, it was subsidized.

• 38:10Lewis Howes?

  And there's strings attached.

• 38:11Speaker 00

  So many strings attached.

• 38:12Lewis Howes?

  What are, what are the strings attached to being an adult who's still an adult, over 21, out of college? Who's still getting funding through their parents?

• 38:23Speaker 00

  Okay, so there's a story in the book about this of this girl who is marrying someone who has money. She didn't come from money and the mother in law takes control of the wedding. And uh, and is like thinks that she's being so generous and wants to throw, it starts to throw this like huge $500,000 wedding. Crazy. And the bride is left totally just like.

• 38:55Speaker 00

  Sort of in the corner because it becomes the mother in law's show.

• 38:58Lewis Howes?

  It's not the bride's wedding anymore.

• 39:00Speaker 00

  It's not the bride's wedding anymore. Exactly.

• 39:01Lewis Howes?

  You're you're a doll.

• 39:03Speaker 00

  Yeah, you're.

• 39:04Lewis Howes?

  It's not your wedding.

• 39:05Speaker 00

  No, it's not your wedding at all. Exactly. The, you know, and the mother in law had a better dress and she, it was all her friends coming and it was like, you know, this woman wondering, what can I do? Like, this is, you know, like, this is not the wedding that I want. Should I push to, you know, have the wedding that I want and, you know, like, look a gift horse in the mouth? Or should I just go along with it? And I thought that it was such an interesting moment because, you know, she would of course be silly to like, you know, say no to something so generous. But in the same way, what's going to happen after the wedding? The mom, the mother in law is then going to say, hey, I bought you a house.

• 39:48Speaker 00

  But it's right next door to me. So I get to come whenever you want. Uh, whatever I want to see the baby. Or, you know, oh, hey, like, I would love to pay for your children's school, but they have to go to this school. And like, maybe it's a religious school. Maybe that's not like the religion that you want. Or, you know, like, there's just, it always comes with rules attached. And that's why financial independence and freedom is so important because it gives you the paintbrush to, you know, build your own life versus having to like, live in someone else's.

• 40:17Lewis Howes?

  How did that feel? I mean, it must also be nice to be like, oh, my dad's helping me pay for rent and, you know, I'm going after my dreams in New York City. It's expensive here. Isn't that also like a generous thing?

• 40:27Speaker 00

  Oh, my God, it was so generous. It was so kind. And I also think that like, there's, you know, I, I, one of, I teach people, there's a whole chapter in the book about rich kids. Like, I think that it's such a gift to give your kids this financial stability and it's such a leg up. Like, I would be, you know, an asshole to complain about it. Like, I understand that completely and I, you know, I'm so grateful to them and I, it's more just the lack of financial literacy that I think was really harmful because it kept me. In a place where I was always looking outside of myself.

• 41:03Lewis Howes?

  Dependent on something else.

• 41:04Speaker 00

  Yeah, yeah, yeah. And that, and then when I started to be dependent on myself, that's when like my life really became so amazing.

• 41:10Lewis Howes?

  Hmm.

• 41:11Speaker 00

  Yeah.

• 41:11Lewis Howes?

  What is the greatest skill someone can learn to be able to develop more money themselves?

• 41:17Speaker 00

  I mean, look at you with the cat. It's my, it's that self belief.

• 41:21Lewis Howes?

  Hmm.

• 41:21Speaker 00

  It's switching your mindset to thinking, okay, like, no, I am a future rich person. I can do this.

• 41:27Lewis Howes?

  Hmm.

• 41:28Speaker 00

  Uh, but then of course you do need the tactical tools. Like you need to understand how the stock market works, how taxes work.

• 41:35Lewis Howes?

  Yeah.

• 41:36Speaker 00

  How to negotiate, how to, you know, I have a whole part in the book about setting up, uh, businesses. Cause it's like, you know, we're my millennials and Gen Z are the biggest generations of entrepreneurs. But guess what else isn't taught in school besides budgeting and taxes? How to set up a corporate entity, how to, you know, invest for retirement when you don't have a 401k from a corporate job. So it's like really important to get this financial literacy out there so that people can succeed.

• 42:02Lewis Howes?

  Yeah. And what, um, what are three things that a lot of people do?

• 42:11Lewis Howes?

  That will never make them rich?

• 42:14Speaker 00

  Such an interesting question, cause I feel like it's sort of different for each person.

• 42:18Lewis Howes?

  Hmm.

• 42:19Speaker 00

  But definitely, I mean, it starts with spending beyond your means.

• 42:22Lewis Howes?

  Okay.

• 42:23Speaker 00

  That's number one. Uh, so when you have sunk cost fallacy around your career.

• 42:29Lewis Howes?

  What does that mean?

• 42:30Speaker 00

  So you're in a job that's maybe not giving you, you know, 10 to 20% increase in salary every two to three years, which is really important. Um, and so, but you've been there for so long that you feel like, okay. I should just stay here because like one day it's magically gonna happen. So much better to cut your losses.

• 42:50Lewis Howes?

  Hmm.

• 42:51Speaker 00

  Um, and then not investing. Investing is the key to growing wealth and it's not complicated. But it's something that everyone really has to do if they want financial freedom.

• 43:02Lewis Howes?

  Uh, what's the percentage of people in their twenties that you think is investing? Do you know?

• 43:07Speaker 00

  Well, I do know that Gen Z has the most contributions to their 401ks than any generation.

• 43:14Lewis Howes?

  Really?

• 43:14Speaker 00

  So it is interesting to see the impact of social media on financial literacy because I think that it is becoming so much more normalized to be good with money. To take control of your finances.

• 43:25Lewis Howes?

  Promoting it more to this younger generation.

• 43:28Speaker 00

  Yeah, a hundred percent.

• 43:29Lewis Howes?

  Yeah, that's interesting. What would you say is your biggest money wound today after being a millionaire?

• 43:36Speaker 00

  My biggest money wound is wanting more versus having enough.

• 43:42Lewis Howes?

  Oh, tell me more.

• 43:44Speaker 00

  Look, like I'm, I love money. I'm all about abundance and I also, you know, it's such an amazing tool to be able to make a difference in the world. Like you talk a lot about service. Like that's so important to me too. But I think my biggest money wound is like, I was searching so much for financial freedom and I put it on this huge pedestal. And so I've worked relentlessly the last like eight to 10 years to get to this point where now like I do, I am a millionaire. Like I have, you know, money in the bank and invested and you know, I'm in a good position. But now I am really interested in building out the other parts of my life. So because I think that you can have, it's very simple sort of to have a lot of one thing, right?

• 44:26Speaker 00

  But it's a lot harder to have some of many things. And so for me, I really put balance on a pedestal and like, you know,

• 44:34Lewis Howes?

  Now you do.

• 44:35Speaker 00

  Yeah, because I'm like, okay, if I could have career, health and relationships and spirituality, then that would be really sick. You know, but I had to get that. Yeah, it'd be sick in a good way. But like, you know, the, I had to start with the money wound. And now I'm working on building out everything else.

• 44:54Lewis Howes?

  Interesting.

• 44:55Speaker 00

  You know, and it takes time.

• 44:56Lewis Howes?

  Yeah, the money wound would gave you a sense of financial independence, financial freedom, not being dependent on parents or outside forces. And so you've taken control of that. But what I'm hearing you say is you haven't gotten the other things.

• 45:08Speaker 00

  No, and I'm looking for them. Like now I'm focused so much more on them.

• 45:12Lewis Howes?

  What's the main thing missing in your life right now?

• 45:14Speaker 00

  Oh, I mean, I wanna have, I wanna get married and have kids. That's the biggest thing.

• 45:19Lewis Howes?

  Why?

• 45:19Speaker 00

  Um, just because, I mean, my parents have like an amazing partnership and I think that when you're in the right relationship, we were talking about this before we started filming that like, when you're able to find the right partner, it really can be like one plus one equals three, you know, and I, you know, I have a beautiful life on my own, um, that I love, but I am, you know, I really do want to be a mom and I don't, I think that that's something that I really love to do with someone else. So, yeah, but I'm not, uh, impatient. So I won't, I wouldn't do it impulsively or like with the wrong person. And that's why, you know, money is also so amazing because because of my financial independence, I've been able to freeze my eggs, which then

• 46:00Speaker 00

  has bought me so much, uh, time and, you know, choice. I don't have to rush. Women used to basically have to belong to a man to have any upward mobility. Like we couldn't have credit cards till 1974 on our own. So you could, we couldn't take out business loans till 1988. Like, so it's, you know, it's very new for us to have this freedom and I take it really seriously to use it to actually carve a life that like my grandma would be jealous of, you know?

• 46:27Lewis Howes?

  When do you think you will know you're ready for the right relationship? What needs to happen for you to say, okay, I'm going to commit and go down the path of, you know, being together, getting engaged, getting married?

• 46:39Speaker 00

  I think it is meeting the right person. Like I've done a lot of work on myself. Um, and so I think that it's just about building trust with the right person. Um, and then making sure that we have the same financial values, family values, um, you know, spiritual values, all of these sexual values that were aligned on all of these other, uh, planes is so important. But I'm also like, you know, I was with a friend yesterday who has been married for like 10 years and her husband is a different man than when I met him because they have grown so much together. He is now like yassified, like he's like awesome version of himself. I'm like, go off king, like

• 47:21Speaker 00

  you're killing it, you know, like I'm so happy for them. They have two kids. Yeah. And so I think it's also about really seeing the potential with someone too. It's not like someone has to come in so perfectly, but it's about like, okay, is this someone that's going to make me better that I can make better that we can build with?

• 47:34Lewis Howes?

  Hmm, that's cool. I'm curious what you think.

• 47:40Lewis Howes?

  In order for someone to increase their net worth, what needs to change within their self-worth? So that they can receive more money and feel peaceful around that money?

• 47:52Speaker 00

  So in the book, I have uh my five step money mindset program called Ibiza, which unfortunately it doesn't mean that I give you a ticket to Spain, although maybe I'll see you there. Um, and each of the letters in Ibiza stands for a step. And so uh I is identify, B is blame, I is interrupt, Z is judge, and then A is action, of course. Um, and so I think it's really important to just work those steps. So that then you're able to, yeah, shift your self-identity so that you are someone who's able to, you know, be able to handle money because a lot of people will then get money and they'll, like it'll slip through their fingers right away.

• 48:35Speaker 00

  Because they are scared to hold on to it. They're like, I don't know what to do with this. Like, and that's also why we see, I see this a lot with women that they will have huge amounts of money sitting in their checking account. Because it makes them feel safe, but they don't know exactly what to do with it. Um, and so it's just like there, but they're not putting it to work, but maybe they know a little bit that they should be putting it to work. But like they, you know, it's something that is feels very uh off limits and sort of out of bounds.

• 49:01Speaker 00

  And so, yeah, it's really just comes from working that those steps. And I've been using that program for like eight years. It's helped tens of thousands of people. Yeah, it really works.

• 49:09Lewis Howes?

  Was it identify?

• 49:10Speaker 00

  Uh blame, yeah.

• 49:12Lewis Howes?

  What are the first two? What does that mean?

• 49:13Speaker 00

  So identify is to identify your like stuck money beliefs and like your patterns. And most people never look at themselves in that way. So you know, the same way we go to therapy, we figure out, okay, why I could keep getting in this bad relationship? Let's figure out why you're broke. Or why you're stuck with, you know, at a certain net worth. Or, you know, why you can't leave that job? Or, you know, why you can't leave that relationship? That maybe gives you financial security. Like, what is it actually about yourself where you're like, wait, maybe I can't take care of myself? Or, you know, maybe there's not something else out there for me. Or, you know, like, we have to break down those limiting beliefs.

• 49:48Lewis Howes?

  Yes, okay.

• 49:48Speaker 00

  Um, and then B is blame, which I think I talked about a little, but it's like, you know, there's a lot of. Uh, you can't talk about building wealth in America without talking about like the systemic issues that hold many people back, you know, most people really besides like no offense, white guys.

• 50:03Lewis Howes?

  Sure.

• 50:03Speaker 00

  Um, and so I, you know, blaming that is okay. My therapist says, don't blame, but I think you could blame a little. You can blame. It's important to identify, you know, to, you know, talk about what's working against you. And it doesn't mean that just because there's forces working against you, you can't win.

• 50:19Lewis Howes?

  Right.

• 50:19Speaker 00

  But still gotta call them out.

• 50:21Lewis Howes?

  Knowledge, this is what's been challenging me and holding me back.

• 50:25Speaker 00

  Yeah.

• 50:25Lewis Howes?

  Exactly.

• 50:26Speaker 00

  Yeah. And then I is interrupt, which I'm sure, you know, you're someone who's really changed your life a lot. And I'm sure you had to interrupt a lot of bad thoughts in order to get yourself to the place that you're at now.

• 50:36Lewis Howes?

  Hundred percent.

• 50:37Speaker 00

  Probably still, you know, it's a once in a while.

• 50:39Lewis Howes?

  Last, but yeah, I mean, I feel like I'm really in a good system. Like the moment I wake up throughout the day, I'm constantly thinking of gratitude.

• 50:47Speaker 00

  I love that.

• 50:47Lewis Howes?

  Appreciation and gratitude of like, listen, do you think your thoughts coming? Yes. But then I'm like, all right, this doesn't make me feel good. Can I do something about it? If not, then go back to gratitude. If I can do something, take the action and then move back into gratitude.

• 51:01Speaker 00

  That's a great practice.

• 51:02Lewis Howes?

  Yeah.

• 51:03Speaker 00

  Yeah.

• 51:03Lewis Howes?

  I mean, again, 90% of my day, I'm feeling and thinking empowering things. When there is a breakdown or something that frustrates me, or, you know, I'm not perfect. I'm human. If something makes me angry, I might sit in it for a few minutes, but then I'm like, all right, can I act upon this so I stop feeling this? Not react, but can I act upon it? Or can I course correct? And if not, then I can't do anything about it.

• 51:30Speaker 00

  Yeah.

• 51:31Lewis Howes?

  There's nothing I can do. I can't change some system, you know, it's like, if I can, let me act on it and feel empowered and then go back to appreciation and gratitude.

• 51:39Speaker 00

  Yeah.

• 51:40Lewis Howes?

  Well, that's where I can, you know?

• 51:42Speaker 00

  You don't have helplessness though. Like your, your, everything is within your locus of control, which is a huge mindset shift that people have to have in order to become future rich people or to grow wealth, to change their lives at all.

• 51:54Lewis Howes?

  I used to feel pretty helpless though, in my early twenties, because I was like broke and dependent on people and felt like, ah, I can't make any money and everyone's out to get me.

• 52:02Speaker 00

  Yeah, exactly.

• 52:03Lewis Howes?

  The system and

• 52:04Speaker 00

  The system, yeah.

• 52:05Lewis Howes?

  No one's to hire me, all these things.

• 52:06Speaker 00

  Yeah.

• 52:07Lewis Howes?

  I felt all those frustrations. And then I started meeting mentors. That I was like, oh, they have certain skills that I would like to acquire. Let me learn from them on how they acquired them. And okay, let me go spend a week every year, learning how to do public speaking. Let me go learn these other skills.

• 52:24Speaker 00

  Yeah.

• 52:25Lewis Howes?

  That it helped them generate financial freedom. I had to learn how to read and write in my twenties. I wrote a book when I was twenty five and I had a mentor who had written a number of books and he worked with me every week on learning how to write.

• 52:39Speaker 00

  Wow.

• 52:40Lewis Howes?

  To write a book. And I spent a year doing that. I was like, how do I develop skills to become more valuable? Have more confidence and then share more value to other people. But it took work. Can't just be a victim. You have to learn something.

• 52:56Speaker 00

  So true. And I always talk about that as a, you know, a big part. One of the new rules of building wealth that I feel like people don't talk about enough is just like, you know, we put so much energy towards saving money. It feels so easy for so many people, I think, to cut back. But I have a whole chapter in the book called Secure the Damn Bag, about helping people instead shift their mindset to making more. And

• 53:20Lewis Howes?

  You're not talking about the Louis Vuitton bag.

• 53:22Speaker 00

  No, no, no. Yeah, no, no, no. I know you're not gonna let me live that down.

• 53:25Lewis Howes?

  Secure the bag.

• 53:26Speaker 00

  Secure the damn bag.

• 53:27Lewis Howes?

  What does secure the damn bag mean?

• 53:29Speaker 00

  Secure the damn bag means like, you know, we have a finite amount of this financial energy every day. So instead of focusing on all the things that you can cut back, think about how you can actually earn more, because that's going to move the needle so much more for you. So like, you know, and investing in your skills. Seventy percent of people who increase their skills see a huge career boost.

• 53:51Lewis Howes?

  Really?

• 53:51Speaker 00

  Yeah. I saw that statistic today because I was doing a whole video about how reading ways for people to increase their income. And really, you know, increasing your skills, ten out of ten. And especially now in the age of AI, people are so scared that AI is going to take their jobs. But it's really that people who know how to use AI are going to take their jobs. So like invest in the skills so that you can, you know, understand that system.

• 54:15Lewis Howes?

  Future-proof yourself too.

• 54:16Speaker 00

  Yeah, I have a lot about AI in the book as well.

• 54:18Lewis Howes?

  What are three skills that anyone, no matter how old you are today, can learn to develop to earn more money in the future?

• 54:25Speaker 00

  Well, I think it's dependent on your industry. Like, you know, it might be that you need to learn video editing. It might, for you, it was that you needed to learn probably public speaking and writing books. Then, you know, for me, it was I, and I still invest every day in my financial literacy. Like I, that's why I was so passionate about writing a book about money is because I am the biggest consumer of money books. They've changed my life. Like, I truly believe that what stands between any person and the life that they desire is just a money book that actually makes sense to them. And that's why I wrote this book because it's like, it's in plain English. There's tons of celebrity references. There's a lot about my life, like, you know, a lot of stories from people.

• 55:08Speaker 00

  So it's sort of like a brownie with spinach in it that you, I wanted it to be like a binge read. But at the end of the day, you're like, wow, I really have, you know, increased my financial knowledge and now I know exactly what to do.

• 55:20Lewis Howes?

  That's big.

• 55:21Speaker 00

  Yeah.

• 55:21Lewis Howes?

  I remember I was in like, I can't remember if I was like 18 or 20 grand in debt, but it was somewhere around there. And I read, I Will Teach You To Be Rich by Ramit Sethi.

• 55:31Speaker 00

  Such a good one.

• 55:31Lewis Howes?

  Within six months, I was completely out of debt and I felt free from that kind of debt that I was in. And it just gave me a better framework for how to do things moving forward. And that was kind of like early stages of my financial literacy journey, I guess. And where, and when you get little financial wins, you want to learn more.

• 55:51Speaker 00

  Yeah.

• 55:52Lewis Howes?

  Okay, how do I learn how to maximize this? And there's a lot at this season of life, now getting married and joining assets and creating trusts and all these different things. It's like, I feel like I still know nothing about money. Like, there's so many new levels.

• 56:06Speaker 00

  Oh, there's so, I mean.

• 56:07Lewis Howes?

  You know what I mean? It's like, now I'm on a whole new level. I'm like, I have no clue what I'm doing. I've never merged money. I've never merged assets. Like, what do I do now? So it's like the last year I've been learning this process of new levels and I feel like there's so much more to learn.

• 56:20Speaker 00

  Yeah, there is. For me, the I, the first book for me was Warren Buffett's Ground Rules. And it's like all of these shareholder letters of Warren Buffett to Berkshire Hathaway. And basically, all of them just say the same thing, which is like compound interest, compound.

• 56:35Lewis Howes?

  Same thing. Invest early and often.

• 56:37Speaker 00

  Exactly. Like, don't, like, no getting rich quick. Like, just be consistent. And so after that, I was obsessed with getting my money in the market. And I was like, okay, what do I have to do to start investing? Because it's like, the best day to invest was yesterday, and the second best day is today. And like, we gotta get there. And I'm still like that, where I'm like, you know, obsessed with compound interest and like, you know, whenever I get paid or anything, I'm like, okay, this is going right in the market. I love the market.

• 57:00Lewis Howes?

  Yeah.

• 57:01Speaker 00

  I'm married to it. I really am. Yes.

• 57:06Lewis Howes?

  What do you say to someone who puts a lot of like, a lot of their money that they have in the market? And then boom, it goes down for the next few months and they see 20, 30% of all their money they've been making for the last five to 10 years, gone, or hypothetically gone.

• 57:21Speaker 00

  Yeah.

• 57:21Lewis Howes?

  Based on the number in the market, and they feel like, I just made the biggest mistake in my life. I put my money in the market, it just went down 30%. That was a year of my hard work.

• 57:31Speaker 00

  Yeah.

• 57:31Lewis Howes?

  Money, gone. I'm never gonna invest again.

• 57:35Speaker 00

  Oh, no.

• 57:35Lewis Howes?

  What do you say to someone who has done that? And they're afraid to invest in the market because of that?

• 57:41Speaker 00

  I would say, first of all, do not sell, because that's how you lock your losses. And historically, the market has always bounced back. And you really have to see volatility as the tax that you pay for getting to grow wealth in the market. Because it's sort of magical that like, we're able to put our money into this thing, and then it just grows and gets bigger and bigger.

• 58:01Lewis Howes?

  Crazy.

• 58:02Speaker 00

  And, you know, nothing good in life comes without like, some sort of trade off. So, yeah, sometimes it's gonna be up and down, but that's why you have an emergency fund. Because you should never invest money that you need in the next five to seven years. Because then, you know, if there is a down cycle and you're in need of that money, then you are gonna have to lock your losses and you're gonna have to interrupt that compounding cycle. And so that's why it's so important to set up your financial life so that you're not in a position where it's so all or nothing. And you also, you have to manage your emotions around it.

• 58:36Lewis Howes?

  That's the biggest.

• 58:36Speaker 00

  Yeah, you have to, yeah, you have to understand that, like, that's actually really normal. Like, and that actually just means the market's on sale. So like, do I have any extra money that I could put in more? Because I'm gonna be able to like, Get these index funds that I'm really into.

• 58:50Lewis Howes?

  Interesting.

• 58:50Speaker 00

  Yeah.

• 58:51Lewis Howes?

  It's like getting that bag on eBay at a discount.

• 58:52Speaker 00

  Yeah, exactly. You're you're never gonna let me. I'm gonna have to send you like a picture of the bag after.

• 58:57Lewis Howes?

  I wanna see it.

• 58:57Speaker 00

  Okay, we'll send it to you.

• 58:58Lewis Howes?

  Is that the bag out there?

• 58:59Speaker 00

  No, no, you can't miss this bag though, because you know, the LV is so big, yeah.

• 59:05Lewis Howes?

  What do you think? Um, tell me about AI and making money. I don't know if you've studied AI. I'm not saying you're like a master of AI, but where do you see as an opportunity for AI over the next five to 10 years around making money? Is it around learning it for your industry, no matter what industry you're in? Is it around investing in it? Like, what is? What should people be thinking around AI and making money?

• 59:28Speaker 00

  Well, for, okay, so, you know, I like to use the example of the elevator. Because, you know, when the elevator was first invented, there was someone who would be in the elevator with you physically.

• 59:44Lewis Howes?

  That interesting.

• 59:44Speaker 00

  Hold it, yeah, like.

• 59:45Lewis Howes?

  Still in the Upper East Side.

• 59:47Speaker 00

  Yeah, on the back elevators. Yeah, there are. Exactly. How'd you know that? Yeah, exactly. So, you know, the elevator person manually operating it, and then, you know, technology advances. We get buttons.

• 59:58Lewis Howes?

  Uh huh.

• 59:58Speaker 00

  And that job goes away. Does that mean that that person who was running the elevator never works again? No, they look for other opportunities to make money.

• 1:00:10Lewis Howes?

  And get out of a box all day.

• 1:00:12Speaker 00

  And get out of a box all day, and maybe, you know, they start working for the elevator company, whatever. They find other opportunity, but like in historically, there have always been moments of technological advancement that have been scary and felt like they were going to absolutely change everything, and maybe they did, maybe they didn't. But the people who still win are the ones who ran towards that change instead of desperately clinging to what was and trying to maintain that old order, because AI is here.

• 1:00:46Speaker 00

  We can't avoid it and the people who are going to win are the ones who know how to use it. And so I think that specifically with finances, I have been using Claude Co-Work a lot. Which is really simple to set up. I'll probably end up making videos about this on Mrs. Dow Jones. So stay tuned, but you know, you can create these systems within it that can just help you manage your finances a bit easier. Can connect your email to it and you know, set up a a flow so that it is finding any subscriptions. Things like that to just make it a little bit easier to like catch things and be in control of your finances. So I think that there's a lot of opportunity.

• 1:01:31Speaker 00

  But I think that, you know, no matter what happens with automation and AI and all these things.

• 1:01:39Speaker 00

  You always have to have an eye on your bottom line or someone else will. And so you can never automate, you can never like. Yeah, you can never fully give up your financial responsibility ever. Like I, you know, think a lot about Rihanna, of course, I mean, any girl does. You might do, she's a great gal, but you know, when she started her career, she was, you know, fifteen or sixteen from Barbados.

• 1:02:07Speaker 00

  Got signed to Jay-Z's label and I think they were like, she's a star. Let's get her in the studio. Let's throw her on tour. It was the whole thing. And they set her up with these financial advisors who she never second guessed. Because she was not someone who was like used to managing money. This seemed like a trustworthy situation. Okay, great. She goes on this whole world tour, working every night, touring all over the world. You would think, you know, making millions of dollars. And comes home to buy a house. There's not enough money for a house. And not only that, she realized that her taxes had been all messed up. They were overcharging her, you know, all of these things because she did not have an eye on her bottom line. And this is a great example of if you don't have an eye on your bottom line, no one else will.

• 1:02:52Lewis Howes?

  Right.

• 1:02:52Speaker 00

  So what did Rihanna do? Fired them, got a new team, wrote Better Have My Money about those accountants. Yes. And now of course, happy ending. She's a billionaire. But I guarantee you, Louis, that Rihanna is signing her own checks. Because it doesn't matter where technology goes, you still have to have an eye on your bottom line or someone else will.

• 1:03:12Lewis Howes?

  Yes.

• 1:03:12Speaker 00

  Yeah.

• 1:03:14Lewis Howes?

  I love that. I'm curious about old wealth versus new wealth.

• 1:03:18Speaker 00

  Yeah, you're obsessed with old wealth. I'm like, we're gonna do a whole.

• 1:03:21Lewis Howes?

  Yeah, I know.

• 1:03:22Speaker 00

  I'm like, I'm really, I should have worn like a Gossip Girl headband.

• 1:03:24Lewis Howes?

  There you go.

• 1:03:25Speaker 00

  Yeah, I'm, I'm like upset that I'm not in like a prep school blazer, like.

• 1:03:30Lewis Howes?

  What is?

• 1:03:30Speaker 00

  I could have brought you some relics from my childhood.

• 1:03:32Lewis Howes?

  You should have.

• 1:03:33Speaker 00

  Yeah.

• 1:03:33Lewis Howes?

  You should have, that bag, you know?

• 1:03:34Speaker 00

  That bag.

• 1:03:35Lewis Howes?

  What is one way of thinking that old wealth still has today that makes them succeed? And one way of thinking that new wealth has today that makes them succeed over the old wealth?

• 1:03:51Speaker 00

  Something that old wealth does really well is they leverage. Old wealth loves debt. They are obsessed with borrowing money at a lower interest rate than they could make investing it somewhere else. And that helps them exponentially grow money. And that's why in the book, because you don't have to have old wealth to do this. In the book, I talk a lot about paying off debt and how you should be focusing on paying off debt. That's above seven percent interest rate because that's like high interest rate debt. But any debt below seven percent interest rate, pay the minimum on and put whatever extra money you're going to put towards that debt

• 1:04:36Speaker 00

  into the market where you could earn more than seven percent because the market on average is eight to 10%. So you have that difference. So I think that is a key thing that old money does. Yeah, they, they are, they love to leverage and they also love to grow generational wealth, which is why I have a whole chapter on rich kids too, with all the secrets of how to set your kids up. Because it really, kids are so young, they're zero, you know, when they come out, pretty young. They've got a lot of time for compounding. So even if you start with, you know, small increments of money, you can grow them a lot. But you also have to remember to put your own max oxygen mask on first because they can take out loans for school, but you cannot take out loans for retirement. So, you know, don't get too caught up in it.

• 1:05:20Lewis Howes?

  Interesting.

• 1:05:22Speaker 00

  Yeah. And then the new rules of building wealth that I feel like the old guard like needs to understand more is like, you know, this whole rent versus buy thing. I feel like there is such a premium put on owning property, but you know, in many places in America, like if you rent and invest your down payment money instead, you're actually going to make more. So you know, I think like old wealth is very obsessed with owning assets, which is so important. But I think new wealth sees

• 1:05:53Speaker 00

  the opportunity that is without like judgment or the, you know, like having to do things just because everyone else did them.

• 1:06:00Lewis Howes?

  Yeah.

• 1:06:02Lewis Howes?

  Did your dad, does he want to create generational wealth with you?

• 1:06:06Speaker 00

  Oh, my dad is like, uh, really intense about like, like for, like for generate, like wants it to be like, won't let there's, you can't touch the money. Like whatever there is there, it's like, it's not, uh, it's very tightly guarded, you know, because it's, I think that he, he wants to.

• 1:06:25Lewis Howes?

  What's he gonna do with it?

• 1:06:26Speaker 00

  I don't know, but he wants, he just doesn't want what happens to so many of his clients' kids to happen to us, you know?

• 1:06:32Lewis Howes?

  Where you take the money, you spend it all, then you're broke or something.

• 1:06:34Speaker 00

  Yeah, or to just make a bad decision. But the thing is, is like, everyone's gonna make money mistakes. Like he's made money mistakes too. I've made money mistakes. You made money mistakes. Like, it's like, don't cry over spilled milk as long as you didn't lose the cow. Like, we have to, you have to take risk in order to like, get where you want to go in life a little bit. So, you know? Um, but yeah, I think that it's complicated for him.

• 1:06:58Lewis Howes?

  Your book's exciting. Future Rich Person, uh, The New Rules for Building Wealth. Not the old rules, the new rules.

• 1:07:04Speaker 00

  The new rules.

• 1:07:05Lewis Howes?

  I want people to get a copy of the book. A lot of great, uh, stories and lessons in here for people. So make sure to get a copy, get one for your friends as well. If you know someone who's struggling financially, they maybe they feel stuck, or maybe you know that they try to overspend to fit in, but you know, they don't have anything in investments or savings or they still have debt. Maybe just get them a copy of this book by Haley Sacks and check it out. Future Rich Person. I think everyone wants to be a future rich person.

• 1:07:31Speaker 00

  Yeah.

• 1:07:31Lewis Howes?

  They want to be rich now and in the future.

• 1:07:33Speaker 00

  Yeah.

• 1:07:33Lewis Howes?

  And I think the power of compound and interest, like you said many times here. Uh, you know, the best time to invest was years ago. The second best time is today. Right? So it's like, put it in now, often, and as much as you can for, for long term. Uh, I've got a couple of final questions for you, Haley, and I appreciate you opening up and sharing many stories about the bag. Securing the bag.

• 1:07:57Speaker 00

  Only one who's gotten that out of me. I'm like, I have to tell my dad not to watch this.

• 1:08:02Lewis Howes?

  Uh, this is a question I ask everyone at the end of the show called the three truths. Um, you've already kind of shared like three rules for money, but imagine you get to live as long as you want and you have total balance in your life.

• 1:08:14Speaker 00

  Oh, I love that.

• 1:08:14Lewis Howes?

  Money, the relationship, health, family, kids, everything. And you live the life of your dreams for the rest of your life, but it's the last day on earth, many years away. And everything you've shared in your books, your content, your messages have to go with you to the next place hypothetically, but you get three lessons to share with the world. It doesn't have to be around money, anything at all. What would those three lessons or three truths be for you?

• 1:08:45Speaker 00

  Number one, I would say the importance of rest.

• 1:08:50Speaker 00

  Like I have a pretty serious like TM practice and I think that it's something that's accessible to anyone, but like we're so encouraged to go, go, go. But what's really helped me get ahead has been being able to slow down and give myself space every day during the day. And I have to carve it out and fight for it, Lewis, to rest a little. Really, really, really helps. Number two, I would say that like, if you are sad about where you're at, if you don't feel happy in your life, the best way to get out of yourself is to give back. Find a way, and that doesn't mean necessarily with money, but just find a way to help someone.

• 1:09:32Speaker 00

  Be as small as smiling at them, but really, you know, finding ways to give back to your community, finding a cause that you champion, like that's so important.

• 1:09:41Speaker 00

  And

• 1:09:44Speaker 00

  third, I would just say like experiences over anything. Like I think that on my last day on earth, I'm going to remember like the sunset in Greece when I was like 34 with my best friends, like, you know, in the summer, not necessarily because we were at like the fanciest hotel or, you know, this or that, but just because it was like one of the best days because it was so simple, you know?

• 1:10:07Lewis Howes?

  No bag, but simple experiences.

• 1:10:09Speaker 00

  Yeah, I don't really don't care about the bags anymore. I know, but I'm like.

• 1:10:13Lewis Howes?

  Those are the things that the experiences are things that I think we remember the most. You know, it's not the nice house and cars or whatever the things we have, but the people we share things with.

• 1:10:22Speaker 00

  Yeah, and the bags.

• 1:10:23Lewis Howes?

  And the bags.

• 1:10:24Speaker 00

  Yeah.

• 1:10:24Lewis Howes?

  And also you can buy the bag. If you want a nice bag, get a nice bag.

• 1:10:27Speaker 00

  Yeah, and on my final day on earth, I'm just gonna think, please make sure Louis sees that he's in my will. Take out the big Louis Vuitton bag.

• 1:10:34Lewis Howes?

  Give him the bag.

• 1:10:35Speaker 00

  Yes, give Louis the bag. He's a cure that.

• 1:10:38Lewis Howes?

  Secure the bag. Future Rich Person is out. People can get it right now. Also, you got a podcast, Financial Tea Podcast. You share a lot of your tips and strategies and lessons on there as well. And also just your social media is great content. So if people want fun, entertaining, financial content, they can go check it out there as well. Cover a lot of stuff on culture, things that are happening right now in the world. So check that out. Love your work, Haley. I've got a one final question for you, and that's what's your definition of greatness?

• 1:11:12Speaker 00

  My definition of greatness is people who are able to see that like the system is flawed and things aren't perfect. And there's all these forces that are working against you and reasons from your childhood and your family not to do it anyways.

• 1:11:30Lewis Howes?

  There you go. Appreciate it. Thanks for being here.

• 1:11:32Speaker 00

  Thank you for having me.

• 1:11:33Lewis Howes?

  Of course. 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.

• 1:12:18Lewis Howes?

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