How to Create a Financially ABUNDANT Life | Lewis Howes

the investment money is working to build you wealth you become wealthy with your investment money your savings are there to protect you against an emergency you're spending money is what allows you to live your life live your life what is it that you want to be investing in and how long are you investing for it hey guys thank you so much for being here a quick message before we dive in you may be watching the show but haven't taken a moment to click the Subscribe button below so if you've ever gained value from this show it would mean so much to me if you click the Subscribe button right now and not only will this allow you to see these messages first all this great content we have you're gonna get notified first when it comes out but the bigger our subscriber base grows the more people we can impact and the bigger the guests we can get on this show as well so again thank you so much as always for your support it means the world to me make sure to click the Subscribe button below and let's dive into this conversation get it to know how do you live more live better today by earning more money in a bit but this is where now the passive investing is the most accessible way for somebody to start investing and then somebody's gonna say what do I invest in right because we're talking about well you can invest in the stock market there are funds like there's index funds ETFs mutual funds they all work similarly with some nuanced differences that allow you to invest into a basket of stocks a group of companies so for example I like ETFs just because they're very convenient so you invest in a ticker symbol ETF stand for exchange traded funds so for example if you wanted to invest in the stock market the General stock market there's a fund an ETF called vti now I'm not telling you what to invest in just giving you some examples vti is a total Stock Market ETF if you invest in that one ticker symbol you're getting exposure to the United States stock market you're getting Diversified getting Diversified in the stock market not across different asset classes but within the stock market you could then you know pick oh I want to invest in let's say the S P 500 which is the 500 largest companies in the stock market spy there's a ETF that gives exposure to that let's say you want to invest in the Dow Jones that is the most commonly discussed uh fund it is a group of 30 companies in the stock market big large companies Dia is a ETF that gives exposure to that you can invest in three stocks which would be hundreds of stocks throughout those three Investments ETFs exposure to exactly hundreds not thousands and all you need to do is invest in those three things and set it and forget it you can just add an automatic remember automatic so the key here now is you invest when the market is up and down you don't change it so when you see the market crash happen you don't stop you keep investing the only thing that you would change is potentially buy more yes because when you see these types of Market pullbacks most people are selling and they're running away because they're panicking you're getting scared that my investment is going down that's when you want to become and bind aggressively because now Investments are going on sale and so this is where it's again that mindset shift of understanding what is it that you want to be investing in and how long are you investing for if you're investing for the long term who cares what's happening in the next two months or next two years you're investing for the next 20 years I call it a decade of sacrifice if you want to become wealthy and seriously wealthy not like oh I have a little bit of money no you want to become wealthy you got to put in what I call the decade of sacrifice where you're working to spend less and earn more that way you have more money to invest and most people are not willing to go through that sacrifice because that means I can't have that Gucci belt today so I can have more Investments today I can't show off my stock portfolio on my real estate portfolio the way that I can my Gucci belt and most people would rather have the show would have had a look than the actual thing that will make you wealthy right and that you know goes back to the mindset the thing you talk so much about your mindset has to be focused on saying you know what I want to become wealthy and that's hard because now for one you have to be convinced yourself and now you might have a spouse you might have kids and that means you all have to be on the same page financially right because this is a money is a team game it's in the house if you think you know I'm gonna go and try to build my wealth myself and then your husband or your wife is going out and spending all this money they're going to be pulling you back so you got to be on board where I'm mentally on the same page my spouse is on the same page my kids are on the same page we're going to build wealth yeah and we're going to build something that we've never seen before and that's that first mindset where now I believe I can do it I'm going to do it now you start putting in that sacrifice so we started by the passive investing next is active investing and I also should mention that you can do passive and active investing I do both I do what's the example for you so I invest my money in five places um I invest my money into businesses which are my own businesses and startups that invest in investment money into physical real estate invest my money into stocks invest some of my money into cryptocurrency a little bit more of a speculative play and then I invest a small piece of my portfolio about two percent of My overall Investment Portfolio into physical gold so my gold my cryptocurrency and some of my stock market Investments are passive meaning this happens for my stock market every week for crypto every day for gold every month it's the automatic passive and consistent I don't touch it it is automatically pulled out of my checking account and it is invested interesting and your bank you can set up parameters in your bank to automatically do this yes two specific places you want to invest exactly it's nice it is technology is made investing so much more accessible do all these Banks do this or what are like the top few that you see that many banks will allow you to move money from One bank account to the other these investment accounts you're gonna have to work with a particular brokerage there's tons of brokerages out there that do this you can find whatever you like for let's just say you want to invest in the stock market there's a bunch of brokerages out there that will allow you now to invest your money into the stock market through this passive type of system you just have to find what's right for you and this could depend on what country you're in uh you know and just the your what interface you like the best and just become very accessible there are so many it is so much simpler now than 10 years ago let alone 50 years ago right so we are very blessed to be able to do this now right on the active side this is where now I invest into my own businesses I invest into real estate uh and then I also invest in some stocks do you do real estate funds or do you do your own individual real estate buildings yourself I have done some real estate funds but that is the smallest piece uh most of it probably 99 Point some percent of it is actual physical real estate that I'm going on and buying myself and so now it's when we talk about active investing what does this mean first this means now that you are going out finding investment opportunities to invest in and then you're putting your money in and uh now this is where the research is important so like for example the business I invest in my own businesses I also invest in some startups startup investing is very risky 9 out of 10 startups will statistically fail so I know that when I invest my money in these startups a big chunk of this money will I will probably never see again but my goal is now that a small piece of these startups that I invest in will go big and then that will make up with the other losses yes with real estate my goal is completely different with real estate my goal is cash flow uh I call it cash flow because cash flow funds the guac flow and what that means is now when I own a cash flow producing asset I'm getting money coming into my account now every month with my real estate that I don't have to actively work to arm because I have a property management company in place I have a system in place so it's not like I have to go to work to earn this money I buy the properties I have the systems where we renovate the properties with the contractors we do the right inspections then I give the keys to the property manager my job is done now every month I'm getting cash deposited into my bank account every month and every quarter I get financial reports going over what's going on with my properties so it's hands off I still review the properties like I review the financials I review what the property manager is doing but I'm not going to work to earn this cash now I should also say it took me a ton of work and a ton of time and a ton of headache and a ton of mistakes to learn how to do it the right way yeah because uh you know I didn't grow up with Real Estate Investors in my family I had to go out and just kind of do it and figure it out and it was very stressful you know a lot of people on the internet make real estate investing seem like this Holy Grail go buy some real estate and you're going to be swimming in the dose but here's the thing when you buy real estate on your own it's almost like a full-time job managing the property managing if you're doing the Airbnb or short-term rentals it's like you're going to constantly clean and adjust and promote it and Market it and deal with the Airbnb stuff or you need to find someone to pay to manage it yeah but ultimately at the end of the day you got to deal with the taxes of it you got to deal with the expenses of it you got to deal with the fixing of it you got to deal with the regulations around it whatever it might be so how do you invest where it doesn't become a Time suck and an extra job so in that real estate but it's actually a cash flow that is more passive is that even possible with real estate for I can only speak from my experiences because for me it was a huge time suck it was like a full-time job it was more than a full-time job I couldn't sleep at night because of how many issues I dealt with but so why be in real estate today if it caused you so much pain previously well see I you you go in with a vision right like entrepreneurs you have to be a little bit crazy you don't know how Something's Gonna work out but you're you're putting in countless hours you're not sleeping at night you're sacrificing vacations you're not talking to your family you're doing a bunch of crazy things because you think this thing is going to work that's how it was for real estate I'm known for being like that stupid person and I've always been that thing and for me it's like I believe something so much that I'm willing to make a lot of sacrifices and keep doing something and for me when I invested in real estate I was 19 when I started when I bought my first property and um I did it kind of all by myself because I told my dad I wanted to invest in real estate and I grew up in a very traditional Indian house my parents were immigrants I stayed in India called Punjab so my parents came to this country with very little and so yeah exactly dance we were just talking about before this it's a traditional dance um but my parents came here with very little and um you know they wanted me to be a doctor and it was very like strict that you have to become a doctor nothing else is the option so anything that wasn't medical related was like a big No-No so becoming a lawyer you were a failure I was yeah and that was a huge compromise for me to become an attorney with my parents but this is before I even became an attorney where I said I want to invest in real estate my dad was like and I was actually studying for the Medical College admission test when I had the idea to start investing in real estate and I had some cash saved up because I was working on a event planning company at the time when I was in college my parents didn't know about that so I was making a little bit of money and I was like I want to invest in real estate my dad's like you're stupid go study go become a doctor and then worry about all this other stuff that you're doing so I was like all right I'm just gonna do something yeah you know so how much was your first deal it was a small condo that I bought the condo about three or four years prior to me purchasing it sold for about 150 Grand it went through foreclosure the banks had it listed for eight thousand four hundred dollars oh man you got the jackpot of that thing it sounds like I I made an offer for four grand oh my gosh I don't know what I was doing right so I'm like whoa did you get it well I put it off for four grand they said we'll give it to you for seven thousand and I said no I'm gonna I don't know what I offered something else maybe less than five grand yeah and then another person came in to potentially buy the property and so the bank says we have another offer on the table give us your highest and best offer now to put this in perspective I didn't know this was a good deal because I'm 19. I knew nothing about money five grand is a lot of money at night it's like all your money yeah so I know nothing about investing I didn't know what passive investing was I had only read books about uh investing so I'm I'm reading some books and now I'm just going out doing it because I know nobody in real estate I didn't even know you could invest in real estate so I'm like okay well somebody's making an offer I kind of like this deal because I looked at a few other properties so I was like well how about make an offer for eight grand we'll see where they go and the bank took my offer the other person offered less than what I did wow so I bought it for eight grand I put in a few thousand dollars worth of work and then I listed it for 600 a month and the profit on that was between 250 to 300 a month depending on the month which now sounds great right this is the the beauty of real estate the downfall is it was a big pain because I didn't know what I was doing I hired a I don't want to say scam property manager because I haven't been able to validate that but I don't know if they were licensed right the tenant moved in we didn't have a lease the tenant was absolutely crazy they had my phone number so now I'm going to class like I remember I was coming out of my chemistry classes or my physics classes and I had these voicemails these multi-min long voicemails of the tennis talking about how the world is ending they're like this property is going to go up in Flames so I was like what's going on right electrician out there we go to the property and this is like after multiple issues that happened I went with an envelope of cash I probably had like 50 of cash in this envelope that I gave to them because I felt bad for the tenant electricians looking at the property they're like yeah your light bulb fused we can just replace that that's it that was it yeah there was an instance where they were cutting cucumbers on the countertop they missed the Cucumber they scratched the countertop she calls me crying that she needs a brand new countertop oh my gosh I gave it to them oh because I didn't I don't know what's going on so like I dealt with a lot of issues and that was just the first one I mean like the first I would say three or my learning curve where I was like a full-time like I'm on the phone talking to people trying to find contractors I'm trying to find the right attorneys I got screwed over by attorneys I mean I made every mistake possible why'd you keep doing real estate after the first three failed yeah see this is where the the stupid comes in out of me well uh I read books and people talk about how investors own thousands of real estate units I was like how can somebody deal with thousands of tenants like this like it's not possible like there has to be a system I just had to figure out how to crack that code how do I break this system and that was my journey was learning it and it was very painful very expensive uh and very stressful because the third deal literally depleted my bank account um I was talking to my wife about this the other day where uh that their deal was so stressful because I made every mistake possible I talk about this on YouTube as my worst realest video ever uh I bought the deal because my contractor told me it was a good deal he told me that hey we can fix it up for not a lot of money and because it's such a good deal you're going to be able to make a lot of money on it wow so he's like don't even worry about getting an inspection on the property so that's what I did I trusted him right bought the property gave him the money he ran away I didn't know that he wanted the money because he was running into financial problems then this property it turns out had a lot of defects behind the scenes which I didn't know we had the City come out and look at the property and it was the repairs cost way more than what the actual property cost and so now I was really in trouble because I wanted to get this property rented out my bank account that property account literally went negative and I had to overdraft fee on this account uh which I had no money to pay at the time for that property because I was putting all my cash into this and like I was saying before I was in the event planning party business which was a cash business so I had like literally a bag of cash in my room so I went to my last resort which I pulled it the cash out of my bag and I gave it to the contractor I was like we got to get this done I need to get this I need to get some income out of this property because I couldn't sell it I couldn't get a certificate of occupancy I couldn't rent it out and so it was like I was so stuck I was fortunate that I had that cash but I mean it was a tough situation that was my real life tuition like that was where I learned I say that one deal taught me years worth of real estate in one property because I learned so many things wow that I should not do but then from there you know I was able to stabilize I made some more money with other Ventures that I was doing because I was making money for one reason to buy real estate like that's all I was doing and losing it in the real estate in real estate but I was learning right that was my learning process so I guess I can't you know I I wouldn't change it because I learned a lot from it very stressful like when I say I lost sleep I lost a lot of sleep during that time so when you're gonna buy a property now what is the approach that you take so that it maximizes your return saves you time and energy and minimizes stress if you like what is the approach if you're like okay am I buying single unit properties am I buying apartment buildings am I buying duplexes fourplexes am I what am I working with another investor and buying a bigger deal what is that thought process into buying a deal yeah first off and then how do you set it up so it doesn't take you a lot of time to manage it sure so I would say the first thing is I need to know what my return is going to be and generally my general rule of thumb is I need a seven percent cash on cash return and literally annually and what that means is for every dollar that I invest I want to see seven cents of cash flow uh that's money that's hitting my bank account after expenses uh that has nothing to do with appreciation so I want to look at those financials I want the seven percent cash on cash return then I gotta look at where am I investing so I like to invest in areas that are growing uh that have more like up and coming-ness to it so this is now I want to see populations at least stable if not Rising do a quick Google search of any City and Google will tell you what's happening with the population it's made it so easy wow what are the top three cities that are rising that are also not over I guess overpriced right now what are those topics let's see in 24 months where that actually is because we're going through this correction and real estate right now so let's see where interest rates go because that's going to influence that's true uh housing prices and real estate prices in general interesting but keep an eye on interest rates the general thing is as interest rates go up property prices will go down so let's let's rediscuss that what do you think is going to happen over the next 12 months with interest rates well the Federal Reserve Bank says that they're going to raise interest rates and if they keep doing that they're going to push this economy into a lot of pain because it came down a little bit right recently so mortgage rates and interest rates are two different things so okay interest rates set by the Federal Reserve Bank are called the federal funds rates this is the interest rate that One Bank pays another when they lend each other money overnight so that think of it like the wholesale price right when when you go to buy this mug from Amazon Amazon's buying it from the manufacturer they're buying it cheaper then they sell it to you at a marked up price called the retail price so Banks had this wholesale price called the federal funds rate then they Jack it up and sell it to you as the mortgage rate so federal funds rates the Fed rate can influence or mortgage rates are going so interest rates can be different than mortgage rates right they are different than mortgage rates what's the current kind of interest rate at the time of this interview for mortgage rates for the interest rate versus mortgage rate so uh the federal funds here right now is right around five percent just under five percent the federal funds rate mortgage rates are hovering around the mid six percent for a 30-year fixed rate mortgage wow now the question is where are we going to go from here the Federal Reserve Bank has a mission to fight inflation that is a big deal it is a super serious problem and we've discussed this in other interviews I'm not going to go too deep into like what is inflation why that's happening we have an inflation problem and that is a serious problem because if we don't solve the inflation problem then we risk a serious currency crisis we risk potential hyperinflation we risk our our dollar losing the reserve currency status so it is a serious issue to bring inflation down because yeah a recession is bad a currency crisis is even worse that's why the Federal Reserve Bank is working to increase interest rates because that brings down inflation now they're looking to increase them increase interest rates and what about the mortgage rates so that pushes mortgage rates higher higher so now Rising interest rates have a consequence and that consequence is a slowing economy because when you raise interest rates it makes borrowing money more expensive money less people buy and now if you remember what we said just a few minutes ago in our economic system spending is good for the economy higher interest rates less spending bad for the economy our economic system wants people to spend money in fact they want you to be in debt and spend money because if you're in debt and you're spending money you're making money they're making more money they want you to be in debt because more debt means more spending today that grows the economic they don't want you to win they don't they want you to be spending exactly think of all the amazing things in life that are expressions of just you for instance the song You Stream over and over again while you're in your 13th Hour of gaming at 4am in the morning with all the lights off trying not to wake up your roommates or the recommendations that you share with your friends on the top six comedy podcasts that are the best to listen to on your way to the gym and back or even your new haircuts which may or may not be an epic bowl cut from the 90s and hopefully is everything that makes you you makes all the difference State Farm believes Insurance should work the same way your plan your coverage they need to be personalized to you and the ability to choose the plan you want by picking the options that fit you like building your home and auto policies is exactly what the State Farm personal price plan is all about getting the coverage you want at an affordable price just for you so are you ready to make things personal call or go to statefarm.com today to create your steep Farm personal price plan prices vary by state options selected by customer availability and eligibility may vary when I see payments come through and my email or my bank or wherever they come through I say thank you I say thank you every time whether it's a dollar or you know a big check I'm like thank you thank you I really appreciate it I don't I don't say thank you when I'm paying something why and I want to try this because I think it's an interesting approach why should we also say thank you when we're sending out money uh to others because uh if you get a if you get a bill that means you somebody did something for you for example if it's an electricity bill you know because of uh the electricity company um I can use the internet I can use the lighting and microphone and computer and it's not only one month job there is this uh service person there's this people who are at the power plants and also there's somebody who just brought oil to Japan from Middle East and and there I don't know thousands of people uh working for the electricity and they make sure that it's uh in my house installed properly so there are millions of uh um uh reasons to appreciate the electricity and if it's uh safe it's a if it's 300 dollars or 500 or maybe smaller or bigger wow you know if I'm asked to install somebody's house with that electricity I cannot do that with this money so thank you for just giving me the electricity thank you for giving me water thank you for uh serving me good meal at the restaurant thank you for giving me a ride like uber so you can thank the person who gave you the service and product so the the reason you you have to pay you're getting something in exchange and usually takes more than one or two or could be a hundred people's work and then yeah uh you ask the money thank them too so that means the the money you give to the electricity company will be paid to all the people wow so like I can it's like a magic one even if it's a hundred dollars this magic one can will start saying thank you thank you thank you guys and so you know it'll just think it's like a domino effect effect of uh thank you so it's not just thanking your money thanking the people who are connected with me so uh we are all living on this planet together so if we have this feeling everybody is feeling this way we all connected we're all connected with our people in the Middle East we all connect with the people in Russia in Africa China us uh like it or not we are connected so do we hate each other or do we appreciate one another so if we start doing more there will be no exploitation of any kind that's the economy I want to see in the coming years yeah it's such a uh simple philosophy and practice that I think if we can all start to do it a little more with money and with everything the people that we see our friends thanking them when they're coming thanking them when they're leaving for their time their attention my girlfriend does this with our meals every time we eat together she's really think she puts a lot of time and attention thanking the people that just made this the people that delivered the food to the restaurant the people who harvested the food you know and all the people and it's not something I did until about a year ago with food and it's something that I've I've noticed my digestive system relaxing like me just taking in the moment and and feeling a better sense of joy and happiness while eating food as opposed to just eating protein bars to get to the next thing um but really appreciating it and I think when we appreciate things which I'm hearing you say when you appreciate money when it comes when it goes when you appreciate food when you appreciate your home your family your friends those things will appreciate in value and they'll want to come to you more is that what I'm hearing you say yes exactly and and uh Luis you know what I what I've been talking about and you've been practicing it without knowing maybe but uh I think you've been doing it as a natural person you know there are a certain things like a natural business person natural artist so you're one of the natural people who who just appreciate things you know that's why you're successful and people love you and so if you want to be like uh if if if the viewers like uh want to be like Lewis you have to learn what he's doing you know so it's not just a small habits but I think the attitude toward life and somehow uh there are the only two kinds you know one one kind is uh people who keep appreciating the other one keep um complaining about it so if you just uh you know it could be something very small but after 20 years your life will be very different so I hope everybody will appreciate one another a little bit a little bit more from yesterday and what happens if we start complaining about money more whether it be just kind of frustrated little comments here and there you know what happens to to money in our life When We complain about it as opposed to appreciating and think it so uh if you start complaining about money uh like 95 5 of us money just look at from money's perspective you know if you've been complaining about it oh I don't want to go to him anymore and then and it's like a mutual feeling is the feeling is mutual okay you can complain about okay fine I'm not going to come to you so uh and I think subconsciously if you're complaining about money you don't want it to be near you so my favorite question to people is if money was a person who would it be that means uh if money was a person would it be a fun person always joking always making uh entertaining you or is somebody like uh assassin you know who's who's going to try to hurt you or scare you or gangsters to try to you know uh intimidate you so uh if you're complaining money may not be a such a fun good person so I I think by complaining you become uh you make money a villain and you don't want the scary person to live in your house so uh for happy wealthy people money is their best friend they're so happy to welcome them at home you know when you open the door I find you Luis Luis thanks just come on here just you know grab a beer just you treat your best friend like that do you understand how much more valuable you are than money and and how much more remember Buddhist monks there's millionaire Achievers that go to Buddhist monks all the time the reverse never happens there's no Buddhist monks going how do I get the life I need to make millions yeah why is that because the highest thing we have the number one asset we have is our connection to ourself this then most of us think it's it's money so we make that the highest vibration but it's not it's inner peace it's inner peace it's this moment and you have that available and we over you know the best things in life are free is a very cliche sentence but it's true and that's true but also we only pay attention to what we invest in financially so we Overlook meditating dating here but if we could pay to meditate we'd all of a sudden do it so we have to understand that what is free for real will bring in everything else that you want yeah I have a rule too with money that you might think is cool this is a this is a thing that I want to offer people if you're trying to figure out how to how to create a space for money I I offer people to think about how they think about money like think about how unconsciously you think about it like you're never enough you're the root of all evil whatever now picture that your money on a date with you and if you're on a date with a person who says you're never enough you're the root of all evil you'd never want to be there right well money doesn't want to be in the vibrations yeah yeah you reject that person so yeah you're rejecting money right when you think that yeah yeah I'm going to how else do we say I'm going to use you to get someone to like me I'm going to this is how money is seen so how could money show up if that's how you see it because you wouldn't stay with someone on a date that said you're never enough you're the you're the root of all evil it's like okay so how would you like to be seen on a date you'd like to be seen as I love you no matter what no matter if you're small or big if you're off or on if you're feeling like I love you all the way and if you can look at your debt or or have one dollar in the bank and go I love you now you're creating a vibrational space for it to show up because you're safe because your focus isn't on money and how it needs to change you're much better off because you're on how you're going to change and when you start changing like we just did and looking at these things and not needing to overcome as much as loving it now you're focused on the thing that actually creates the money remember every dollar you've ever made came from you so don't get excited about money get excited about you um like if I went on a hike with you we get lost in the woods I run the corner I'm not with you and we find a waterfall I find it you don't see it I fill a cup up with water and I come back and I say to you dude a cup of water what am I not showing you yeah I'm showing you the small thing yeah not the waterfall not where it came from the source the source of the water is the much more important thing so none of us look at the source of where our money came from we look at the money so you're sitting here dwelling not you but people that we were dwelling on the cup of water yeah not us being the source of creating more every dollar you've ever made came from you get excited about you start the focus on what you are not what money will give you and our you know your energy is going to attract or repel more wealth a lot of you know a mentor of mine said I was at a salsa club learning how to salsa dance terrified out of my mind and I saw a guy who's amazing who was a public speaker he actually got me into public speaking and he said the world makes room for passionate people I think uh money is attracted to passionate people as well because people are passionate about life they bring in energy they bring a richness of fullness a richness and they attract riches yeah whether it be through the community or the the Arts they're creating or the business they're creating yes and you're going to start to attract especially in this time because I know there's people watching this go well what do you say about all the greedy billionaires and blah blah blah and what I say is that's the old Consciousness yeah that there in fact we see through it and it's starting to crumble so the old way of doing things selfish was a conscious shift because I believe in like the 50s everyone was just like a factory worker working for and then it was like this Breakaway where an entrepreneurial boom happens so taking your focus off of the old story and moving into what you are and and learning how your thinking changes things what's the highest Consciousness we understood at the time so at that time that created this old consciousness of your focus you know changes it so you think positive whatever and that created it and then we we keep going and take a good thing too far and then all of a sudden it's this billionaire thing you can feel the the most controlling mindset crumbling you can feel the suicides from the people that have made lots of money but see that it's not the answer you can feel the people that are controlling other people all the control as the control fell in you during this interview as you said goodbye to the the old story and kind of loved it all control in the world is starting to fall and the old structures aren't working and what will work in the new century and the new future is the birth of this Consciousness this Consciousness following your heart you will not be able to make money just from massive achievement it won't work it I'm telling you it's going to be to we see through it the Consciousness sees through it it's too it's it's too small when there's going to be a major influx of Martin Luther King's Mr Rogers Oprah's Wayne Dyers there's it's coming yeah because we're so repressed that our hearts are going to springboard like the Renaissance and there's going to be you know what I'm saying that's true you mentioned this a couple of times and it reminded me of another mentor of mine Chris Hawker I was working as an intern for him for about six months when I was on my sister's couch broke no money my dad had just gotten into an accident that car accident that left him in a coma for three months and he was kind of my safety net he was my you know Financial stability where he would support me financially on things and he always said you know when you're done like living your dream and chasing your football career whatever it is you'd want to come and work for me wow he had an insurance company and life insurance and I did the whole like Insurance internship and did the testing and I almost failed three times on like getting my uh whatever it is like the series something whatever the life insurance test that I had to pass so I could sell life insurance I should have stopped after I failed the first time because I just knew it wasn't for me but I did it so I could have this backup plan wow and so when my dad got in his accident uh he had to sell his company to his partner because he was no longer able to work anymore and I didn't have the financial stability like I had before so I was sleeping on my sister's couch for a year and a half and I was working as an intern for about six months with someone that I was learning a lot from and I remember at one point being like man I just really want some money I feel like I've been working hard for a few years like I really could use some money I'm not paying any rent money at my sister's I feel like a loser because I can't contribute to her I can't even get my own apartment I'm just a loser I was 24 at the time I was like man I'm just a loser of a guy and he said something to me that what you said he said money comes to you when you're ready for it and I was like I feel really ready you know I could really use the money right now and he goes I didn't say desperate for it exactly we didn't say that but he was like it's gonna come to you when you're ready for it and when it starts to come it's gonna make sense I was like gosh I just want it though I just want it right now and it's funny because maybe a year later it started to come and then it started to really come pretty quickly like six months to a year after that and I remember reflecting a year and a half prior I was like man I wasn't ready for us like if this would have came two years prior I would have blown it I would have been scared of it I wouldn't have been prepared for it like I would have been so freaked out by the numbers in my bank account I would have sabotaged it probably and so I really feel like it comes to you when you are prepared and ready and sometimes it's not when you want it to be and and when people say how do you get prepared and ready that's the key what so how do you yeah for me in meditation like gets me to understand that I'm the abundance not money and the second you understand that you're the abundance and I mean understand it in your nervous system I mean don't just hear that sentence while you're still dying for it in your body like really be in the alignment of understanding that I'm the abundance Wayne Dyer said beautifully you know there's a thing that everyone thought you don't attract that you attract what you want and when Dyer said you don't attract what you want you attract what you are what you're in vibration of so if you want abundance you need to get to a place where you understand your abundance and everything comes into your life the second you finally don't want it it's not not don't want it like avoiding like you're you don't need it it's not desperate the second you stop looking for it you don't even remember you wanted it that's because you have to access the Fulfillment of the connection to yourself first and then weirdly it's going to create first of all so many creative things but you're going to just start you're so first of all you're so aware that you see things differently like think of just the just that when someone's in their head they're they're walking down the street on their phone worrying you could pass a hundred dollar bill and not even see it right but when you're not in your head you suddenly start to see all these dots connecting and everything meaning something different and you see every moment as meaningful like last night I was waiting to go into a restaurant one guy recognized me and said hi and we created a friendship because he's also a musician that's cool and then this four-year-old girl comes in and just sees me and starts dancing in front of me and showing me her toys and I just had that moment was so much cooler than if I was looking through wondering you know what is going on in politics and yeah that was fulfilling that moment and because that's fulfilling and then on my way to the table each step is fulfilling yeah now this is more fulfilling than anything I perceive could come to me to make me happy once you actually have practiced understanding that this moment is more important than anything you think you want now you are abundance not money and once you're abundance it's impossible for it to not come you're just going to start feeling safe to everybody they're going to want to hire you you're going to get bizarre offers they'll just say can you help me through something can you create this thing you'll get an alignment with your creative gifts more than your fix it gifts to make money you'll be in this higher thing you'll be worth more better jobs they'll start asking you you'll start to actually feel heavy when million dollar offers are coming in because you're like even that I don't want and then it just every time I say no to something even if it's a huge thing the bigger thing comes up it's like life's like how about this how about this and then the only question I ask is does this expand me or contract me oh yeah it's good before the interview continues if you feel like you're not living your most authentic life not leaning into your purpose and not living the life that your future self would be extremely proud of I've written a new book called The greatness mindset and I think you're going to love this through powerful stories science back strategies and step-by-step Guidance the greatest mindset will help you overcome all the different challenges in your life to design the life of your dreams and then turn it into your reality make sure to click the link below in the description to get your copy today okay let's get back to this video right if it expands me then I say yes and I can feel that within two seconds if I get to a pros and cons list I'm already in Contracting do you get what I'm saying wow so a way that I always give an example is if you if you've ever had lunch you ever have lunch plans with someone and then you hope that they cancel yeah okay that's your highest saying cancel wow but you're used to living a notch below it so you wait for them to do it so that's what I'm talking about is the highest what expands me so it expands you know what expands me a lot is saying no to a lot of things that's so powerful yeah saying no like the hardest things to learn how to do but then it's one of the most freeing things when you can when you're in that space yeah because there's times where you might think my highest is to go out and get laid or party but it's actually like really sometimes my highest is to go to bed early sometimes really my height like it's not our highest to do what we're doing is it your highest to go on Facebook a hundred times a day no no but we still do it so we live second highest and we miss out on the universe right so my so for me it expands me to be in alignment with the universe in that moment how important is developing skills and value there's one thing of like being abundance and being acceptance and all these things but there's another thing of like okay well the person still doesn't have any skills that are valuable for someone else to give them money so what I mean crazy answer here yeah that's a belief that they need the skills so let me let me explain that so let's first of all talk about value okay mostly it's perceived right sure and most people think value is what their worth is based on what's in the bank right you could say that person's got a net worth of 20 million whatever cool that's nice but if what but there's some people that could lose that money and remake it again in 10 minutes like Tina Turner of her bank account got robbed tomorrow could just go on tour and fill it again yeah right then there's some people who inherited it yeah and and won or won the lottery and if that went away they're still not valuable at that moment at least right so what's the cause of value is it how much money you have or is it what's under it right and what you understand is under it the factor of value is do you understand how valuable you are right so how do you understand how valuable You Are by creating the evidence of it whether it's through leaps whether it's so so for me when I started saying no to really tempting things it would be really hard that moment like it'd be really hard I remember when it was like no dating for six months and then like the Swedish bikini teams like even us you're like no it's a joke I didn't turn down but when you start saying no it might be hell in that moment but the next day you wake up and you're like now even I'm someone that can say no to that like now I'm elevating myself above that Temptation so if I'm someone who can say no to that you feel the force in that so that's one thing so there's a lot of skills I believe that we might need but if they aren't your highest to do them they're not a 10. and if they're not a 10 that affects all of what you do my friend Glenn marshauer says if you pee in part of the pool you pee in all the pool so my company my job in my company is to do this is to go on stage is to coach people is to be the space to co-write the book to to make the movie I don't do the accounting right I have no idea how to do the accounting I don't give about that accounting right I don't do the Wardrobe I don't do any of that but there are people who it is their 10 to do that so I delegate that because if I did this thing that's a three energetically then I'm going to average and bring that onto the stage my energy will be more depleted because I'm doing things in my life that are like that same thing if you're out of alignment in whatever area you're bringing that into all of it yeah you get what I'm saying so true so so for for so that's so that's my answer to the skills thing because there's stuff that we're just natural at and most of us disqualify what we're naturally good at because it hasn't been done before right they go why would anyone want oh just stay with it right because that thing you have is new that thing you have is calling to you and it might not make sense now but I so many people I've worked with are like well one thing I'm passionate about is this but I can't seem like stop the second part the yeah but it's the old story this thing you just said feels good to my body doesn't it feel well yeah but no one will make money no you're using the past story literally what this is what we are what we are is the universe trying to change the planet through you the universe is trying to change itself to a higher Consciousness through you that's what's happening when we receive on a higher level it's like higher level ideas come through so when you when you meditate or whatever you have an Insight that's higher that Insight you go it's it's exciting but you can't make sense it doesn't you can't wrap your mind around it follow it you're not supposed to wrap your mind around it one thing people say is I can't wrap my mind around it you're not here to shove the infinite vastness of what you are into your teeny mind right you're here to acclimate your mind to the vastness of what you are Zing that's the difference you know there's so many quotes that people say to insult people that live in their hearts like this person went off the deep end the implication is the shallow end is better this person went over their head yeah I'm using my whole body right right I'm not staying in my head are you out of your mind you better believe it I'm in my heart exactly right yeah it's easier done than said how about it's too big for your britches right you're too big for your how about we change pants and adjust to me versus me shoving myself in my old britches what are we in the 20s all right these old quotes that are every insulting quote if you just reverse it it's so funny how dumb it looks oh dude you're out of your mind you're right you're in your head right it's like you're thinking small you better be out of your mind I love to go over my head so I have to use my body right because just my small mind can't grasp these Concepts we're talking about but my body knows it like if you listen to this you have to be listening from your body you cannot listen from the small story that will make sense in fact this is very offensive to the small story yeah right how dare he I'm in this limitation and then and most of us instead of fighting for our freedom fight for our limitation yeah it's safe safe for being Limited totally well it's it's safe ironically it's not it's actually the most dangerous place oh it seems safer yeah but but it's more comfortable in that place yeah yeah but I mean what we call a safe space could be an abusive relationship it could be it's just you're used to it so because you didn't die you go that safety and everything that I've never seen before I don't know that I won't die so my body's scared of it but the truth is usually what the body's got is way better the reality is people think millionaires are trust fund babies that they inherited everything or they got lucky or hit the lottery none of those are true these are regular everyday men and women that have worked hard over time and they've been investing 25 28 years and the way the book is structured we've got the information from the study and we've got the in the information I want people to know but the stories in this book of people that were homeless and turned it around people that had a million dollars or more in debt and turned it around and so Lewis it really goes back to a lot of the stuff you talk about it's the mindset right it's the mindset and when you get the right people with the right information results can happen yes what are you talking about these myths that millionaires uh about millionaires what are some of the myths uh that's the surround millionaires well we talk about six in the book but I'll tell you two most people believe they inherited it all right you see somebody with money you think oh Mom or Dad handed to them the truth is 79 of the millionaires that I talk to first generation Wealth Builders they didn't come from anything these are people that focused and built money over time next myth well if you're a millionaire you make high paying job right you got big big income yeah yeah nope a third of the millionaires that we talked to never made six figures in a single working year really think about that for a second dual income never made six figures so that blows that myth out of the water a third of the millionaires that we talked to wow right now you think about six figures nowadays it's more prevalent than it's ever been but for people a lot of people with six figure salaries have nothing in the bank that thank you because they just spend it all that's exactly right and they're using credit constantly to buy bigger things that's right no no you're absolutely right so what happens is people tend to think that income is so important and I'll tell you no it's not because I was one of those people I remember I was making about 30 grand and I thought all right when I get serious and one year out of grad school making 30 40 Grand I'm sorry when I make this amount I'll start to get serious about my money well you know that path right well when I make this amount the next thing you know lifestyle grows and you never end up taking control but these are regular everyday people that took control and were focused uh it's amazing so let me tell you this top three positions of the ten thousand millionaires we studied number one was engineer which doesn't surprise you right they're good at planning yeah accountants organized yeah accountants same thing they were number two they're good at counting stuff number three was teachers teachers they're not making that much exactly and you think they're undervalued underpaid how are teachers doing this well if you think about what it is wealth building is a long-term view right not a quick hit and so these get rich quick schemes that we see on TV at late night they get me riled up because they're preying on people but these people were people that built wealth over time investing in their 401K their 403 B's so anyway the goal of this book is to let people know that American dream is not dead yeah it's alive and it's well and it's available to people we just have to take action absolutely what are some of the things that they do on a daily basis these millionaires what are some of the steps to take and how do they think differently than non-millionaires great 97 of the millionaires that we studied feel that they control their own destiny now think about there for a minute because we have a victim mentality issue in America today where we want to blame somebody for us not achieving something or getting in our way so these millionaires think differently 94 of them live on less than they make so that means if they're making a hundred thousand they're living on 70 or 80. right you can't build wealth if you live on more than you make that's exactly right and that's where the credit cards people start extending themselves and using credit cards but 73 of these millionaires never carried a dime a credit card debt they never carry debt debt yeah right might use a card pay it off every month pay it off and so the mindset and I love to give people on economics and and uh impeaching economics interest that you pay is a penalty right if I use someone else's money they charge me yes right that's a penalty interest that I earn on my investments is a reward yes right so why choose to penalize yourself don't use debt get yourself out of debt and invest and grow your money to reward yourself yeah powerful yeah now how have you uh managed to through all the stuff you've gone through I'm assuming the last you know 15 20 years you've gone through some challenges you told me before off camera that you have a a child who has special needs and was told that they wouldn't live past a certain age you're you know I'm assuming you've had challenges and relationships with business Partnerships Intimate Relationships family Yeah the more wealth that I've accumulated and the attention that I've gained there's more people with handouts yes expecting whatever it may be how have you personally managed the emotional challenges that have come your way by not letting it affect your mindset around money so that you don't do things emotionally with your money right well I mean I've been there I don't know about you but I've made some mistakes yeah okay and uh you know a mistake that you make one or two times you can call it a mistake but when you keep doing it over and over it's not a mistake anymore it's called a choice yeah so for me I'm very I'm a man of Faith so obviously I'm rooted there uh but I got good people around me yeah uh I got good friends people that have known me since my childhood people that know me for who I am so I'm not an author and speaker with these people I'm just Chris and so those people keep me rooted right Mama Hogan is no joke even okay so you'll keep me rooted and so I think it's really important to understand what am I trying to accomplish like I don't want notoriety I don't want to be famous I want to be known that I help people think bigger right and so staying rooted in that it helps me to be very very clear on what I'm doing people will come up and tell me oh Chris you changed my life financially and I go whoa pump the brakes I didn't change anything I gave you some information you did the changing and so I think it's really important as as we help people that we stay aware of who's doing what and our role yeah I think there's a there's a story about Marcus Aurelius where he would go around the town and he had uh someone just walk with him beside him and say you're just a man every time every time someone would Praise Him be like you're just a man can you imagine that I mean seriously Isn't that cool how rooted does that keep you you know so you know John wooden's got a quote and he says you know be careful of Fame because Fame is man-made and if man giveth man can take it away absolutely you know and so being aware of that I think is really really important what's the heart behind what I'm trying to do yeah and so you know if I travel and I go speak to 10 000 people if I get one person whose eyes light up and they start thinking differently then I've done my mission yeah yeah what's the biggest challenge you've gone through in the last 15 years oh personally yeah emotionally financially biggest challenge was definitely the diagnosis of my youngest son case at age two they diagnosed him with this rare genetic disorder that could kill him I could take away a speech take away the ability to walk ability to eat and eventually end up on a feeding tube uh business scariest moment in my life sitting in that doctor's office holding that two-year-old boy listening to that and went to some Dark Places over a few years well you know what us men do when we have challenges we don't we're not smart as smart as women yeah women women go share yeah we don't share men don't share we isolate yeah and then we internalize and then we stuff right and so you can imagine working through something like that isolation to carry it messes with you it does it messes with you it does um and uh that that was uh that was the biggest challenge I've walked through in the last 15 years how did you get through that initial few years of stuffing or I just stuffed you know I didn't I didn't do what I should have done isn't it amazing how hindsight's 2020. I wish I would have sought out those close friends and they they would check on me and what would I what would I say I'm good yeah I'm fine yeah I'm all right and I wouldn't and so that was a Learning lesson for me that that isolating is dangerous uh that it's it's good to reach out and get help it's good to have people you can be real with and it I came to this realization we need four people in our lives you need a you need a mentor this is somebody that's having some success and can guide you you need a coach who will push you right you and I know word coach means something to us right because they will get on you they will drive you because what's the goal to try to help you to get better but you need two more you need a cheerleader you need somebody that believes in you they're not worried about what you achieve they believe in you and that's important to have and then you need a friend you need somebody you can be real with that you can just say what's on your head they're not holding it against you you can be honest so if you get a mentor a coach a cheerleader and a friend in your side that's awesome but I want to encourage people to do this not only find those four you need to be one of those four for someone else you need to be four of those things that you're saying that's right you need to be a mentor yeah you need to be a coach yes a friend yes and a cheerleader absolutely for someone else for somebody and when you do that now what it does is it takes the focus off of you you know one of the things you and I have in common is I firmly believe that if you've ever walked through a mess in your life that inqualifies you to be a messenger it does you know when you've gone through some stuff you learned that's right and if you're willing enough to be transparent to share it and you're not worried about people's opinions the impact you can have on someone else to give them the courage to try or to reach out and talk that's a big deal man this life is hard it's not meant to be done alone yeah wow um who is your Mentor coach cheerleader and friend oh yeah well Mentor is obviously Dave Ramsey uh this man has been an incredible Mentor for me uh just guiding me and then over the 13 years of being with him uh my coaches man I've got a lot I've got I've got some people with her with walking with me spiritually I've got people that are welcome me from a business perspective I'm constantly reaching out to learn I'm like a sponge all the time uh that's big cheerleader uh Mama Hogan yeah I mean that that's my that's my number one fan right there she's behind me I've got all kinds of family uncles and everybody they're just for me friends I got Amazing Friends childhood friends people at the office uh people that care about me as an individual not just what I do uh they know me not the book no no no they'll call me out yeah yeah you know they'll call me out I got a call from a buddy the other day he goes dude how's the road he goes you're keeping your head clear yeah you stay in focus and he said don't believe the hype that's right and so what he's telling me is is hey keep helping people keep your heart in the right place you know and so it's good to have those accountability people to check in with you absolutely and it just keeps your heart in the right place yeah yeah what would you say is your biggest um insecurity fear or challenge right now you've been through different phases of your life and as you grow and expand I'm assuming there's new challenges that you overcome and then do stuff that maybe you haven't overcome yet right because I think my my biggest fear is am I doing everything that I could be doing right um I um I've got three boys uh they're hilarious 14 13 and 11. and uh these boys are my legacy um I would grow up with a single mom so my dad wasn't around uh he came around with birthdays and holidays or whatever but it wasn't there so when I had started getting ready to have kids my goal was to try to be the dad that I wish I would have had and so that put some weight on you right uh but I was hanging out with my boys and we were somewhere and I saw a poster of a little boy at a bus stop with a duffel bag right and he was just sitting at a bus stop and I can't even remember what was under it um but I saw that little boy and I thought of me right like waiting and then I realized man oh man in my own life like you know somebody somewhere is waiting on me to become what I was destined to be and so if they're waiting on me to become who I was supposed to be to impact their life how long am I going to make them wait you know and so what that means is is that I need to do everything I'm capable of doing and some things some people say I can't do just to be able to help that person somewhere that's waiting to hear an encouraging word or or something to impact their lives so that's that's something that that drives me every day yeah yeah what is it that people say you can't do oh man I've had people tell me I couldn't write a book you know my first book came out 2016 retire inspired and I thought a good buddy of mine I told him I was working on a book because he goes man you can't write a book really yeah we were in church right I wanted to punch him in the eye you can't hit people you can't hit people in church I got a feeling that's a sin right somewhere uh but but but then later on when I did when I finished the book and at the book signing in town he was one of the people there and I realized something what initially he said was that I can't write a book what he was saying was it's not something he's ever thought about doing and it's not something that he could do his belief that was him right and so for me that was a grow up moment he wasn't putting a limitation on me he was speaking his own limitation right and so I just remember that and I go oh no limitations and so that's where I said I'll accept compliments from anyone but I ain't accepting limitations from nobody right and that's anywhere in my life you don't get to put a limit on me that's what I love about you know Dr Martin Luther King the fact that he had the courage to have a dream but the courage to share it you know that's something I want us all to have that mindset of stop thinking about what people say you can't do you know I mean opinions are like yesterday's everybody's got them what are you deciding in your heart to go do now start to go do that yeah yeah wow man um so what do you do now um in terms of your own wealth how are you you've probably learned a lot again over the last customers from the banking world like selling services you learned a certain amount to get to one level and then you realize like oh some things work well and some things don't work well and then you go back to another level of your wealth and then you realize okay now I've got more wealth some things work and some things don't work and you keep I'm assuming expanding yeah I'm building my wealth I realize wow there's always something to learn that's exactly right there's always stuff now there's taxes now I've got to learn how to invest my money now I've got to learn what's the right places and all those things so what's the phase you're at right now and what are the biggest lessons you've learned in the last couple years okay so the phase I'm at right now is obviously continued growth right because with inflation costs are going to go up so you can't hide money in a cookie jar and just put it in the ground it's got to grow so with me I'm always looking but I'm understanding risk more you know uh this these latest crazes that come out I just cringe you know cryptocurrency it's crazy right Bitcoin yeah right and there's this thing out there it's not even real that's been given a value by somebody that's not regulated it yeah right and so when you look at this you would laugh at that but we've had people seriously pursue that day trading years ago was a big thing so for me what I'm doing is I'm trying to be smart with what I do but I need to be crystal clear on what not to do meaning I don't I don't want to take unnecessary risks one of the things that are non-negotiable you won't do I'm not doing debt I am not doing that what's that mean that means I don't borrow money I'm not looking to to borrow money to leverage uh borrow money from my home to put invest no leverage schemes uh I don't borrow at all and I'm crystal clear on what it is I'm doing meaning the longer Range View uh Louis what I started doing years ago was I started making two-year decisions I wanted to make a decision today that I look back on in two years and I'm glad that I made it now imagine some of those decisions oh gosh well I mean staying allergic to debt I mean I have people come to me all the time with business opportunities they're like Hogan listen if you put in this amount we're going to do boom boom boom boom you know and and in looking at that I have to be smart enough to say no right that if it looks too good to be true we know it is right but I think it's more about making the I think I've made more money by not doing things than I would have by going down a path and did you invest in certain things early on were you like yeah that seems like fun and interesting and you're like I've never had oh yeah I know I learned my lesson I've messed it I think eight startups for the last eight years and guess how much money I've made how much Louis zero how much did you invest give me a ballpark uh probably not probably allowed 250 to 300 okay okay that's not as bad I wasn't going like big right I was like let me just dabble yes let me just get in the game play with it that's right it's okay if I lose it right I met the mindset like I'm gambling right well and that's exactly what I did but here's what you learn and you know what you paid a dollar amount but you learned some stuff I learned some stuff you know what you're not gonna do Zach ever again exactly and see to me that's valuable yeah uh because obviously as things grow and profiles grow the risks grow yeah you know the bigger things come so I just want people to take uh that's why my website's Chris hogan360.com I want people to take a 360 degree look at a lot of the things they're doing their business their life like look at this and make decisions about what you want like I'm crystal clear on what I want but I'm absolutely certain of what I don't want I don't want failure I don't want negative attitudes around me right I I want to make sure that I'm impacting people yeah very powerful what are the things that you um so you don't borrow debt no and so what's that mean it says you can't start something unless you use Sweat Equity unless you have the money pay cash take cash pay cash so that means real estate right if there's a property that I want to buy I don't go to a bank you don't get a loan nope I save up and pay now what does that make me do it makes me have patience that means I'm not letting whatever you want now that's exact well and that's they don't you have kids yet no kids okay oh you you got freedom and money okay all right I'm sending one of my boys to live with you but but kids want what they want and they want it now yes right give it to me now right and so if as adults we do that that's dangerous that's why the average credit card debt right now is 15 grand people have 45 000 in student loans car payments of 600 or more a month so for me I look at debt as a thing that limits me from doing what I want to do not getting me there faster now I'm old school and I did my stupid I did single stocks I I did all those things and I lost a lot of money but looking at it what I was trying to do was to get rich instead of Building Wealth right and there's a difference between getting rich and building that's right what's the difference between getting rich and getting rich is where you want to quickly get money right and these are the lottery winners that I've talked to they got money in really really quick but they also lost it really really quick so Building Wealth is a long-term view meaning you can have some fun and enjoy some stuff but don't get so focused in the enjoying that you forget to plan for the future right what's the the YOLO that's the Hipster phrase you only live once well in my mind if you have that mentality and you believe that it broke for a long time that's right because you're doing everything for today so anyway I want people to have just awareness like you can have some fun today but let's also make sure we're doing some things using the 401ks using sips if you're self-employed put some money aside so it can start to grow for you talking to these millionaires the number one thing they said that caused them to build wealth was employer-sponsored retirement plans 401ks 403 B's and Roth IRAs so people out there that are self-employed the seps solo 401ks you've got ways to be able to invest what is your your thoughts around the identity of money the psychology of how we how it plays in our lives because a lot of people want to make more they want to attract more but they're just struggling with just the concept of it yeah well I think we've been programmed quite a bit uh in with our relationship with money and we have a relationship with everything known in our environment you have a relationship a neurological Network in your brain to for your parents for your cell phone for your computer where you live where you've lived in the past what you're going to do tomorrow that for the most part the brain is a reflection of everything that we know right so along with that is our relationship with money and I I feel like I have a really good relationship with money because I work on having a really good relationship with everything in my life did you always have a good relationship I think so I think so I've never really lived in lack that just wasn't part of it even when I went to college and I had to take out student loans and stuff I always figured out a way to always be a little bit ahead of the curve and so so let's back up and just look at how people uh form beliefs because yes most beliefs um are created from past experiences right so uh children uh when they're uh in their early ages their brain waves are very slow like their brain waves are in Alpha uh when they're like seven to twelve they're in Theta when they're like two to six years old and and they're in Delta like when they're when they're you know newborn to two years old and so these brainwave States uh are states that were really suggestible to information so when we hear information we believe it and we accept it we believe it we surrender to it as if it's the truth without analyzing it because there's no analytical facilities yet right the analytical mind starts around 12 or so 7 to 12 and that analytical mind is actually what creates a barrier between the conscious mind and the subconscious mind so 412 roughly what we see how we model our parents Behavior it's all being programmed subconsciously right and and so so that's really really important because if you heard money is the root of all evil money is bad only certain people are allowed to make money you have to work hard to make money this is how you got to do it and that becomes the foundations subconsciously like let's like write recording an audio file you just keep recording that audio file it becomes a subconscious program right so a lot of people have a relationship with money based on either what they've been told or what they've experienced in their outer environment right so so then we gain information from our environment and the stronger the emotion we feel from experiences in our lives the more altered we feel inside of us the more the brain freezes a frame and takes a picture and that snapshot is called the memory So based on an emotion based on emotion the emotion Alters our internal state so you're going along as Lewis feeling really good and all of a sudden you have this trauma you have this crisis you have this shock and all of a sudden you have this dramatic change in your internal State and your senses get heightened and then you freeze the frame and you associate this internal state with whatever it is that's causing it right and that's how we create long-term memories right so our painful memories more uh powerful or beautiful memories more powerful uh they're both equal okay they're both equal but but the problem is I think most people experience from more than negative the emotions right and those are negative emotions really are derived from the hormones of stress right so the alarm system the emergency system creates an arousal you know inwardly and that arousal saying that something dangerous in your outer environment right and it could be a person a circumstance an accident or whatever and that that change in emotional state causes you to remember the event you gotta pay attention right you got to stay really and narrow your focus on the cause so so think about people who have relationships with money right from the past with all beliefs are based on past experiences so you have an experience where you lose money you have an experience where uh money's taken away from you have an experience where you don't have enough you're living in a place where there's not enough money or a family that's not enough money then the emotion that most people are living by in a moment-to-moment basis is lack like I'm in lack of having something that I want okay now there's nothing wrong with that because the experience changes your emotional state you freeze the frame you take a picture the problem is that's hardware so we think neurologically within the circuits of that past experience and we feel chemically within the boundaries of that emotion which would say for example be lack right so now the person before you go on to the next thing what happens to the body in the mind when it is in an environment of lack mentally or physically I'm in lack what is what is the body of the mind saying yes so the body is saying I'm waiting for some external event to occur I win the lottery I marry the right guy whatever it is that you're waiting for that event to occur that experience produces an emotion so the emotion then takes away the lack and so when we play the game in three-dimensional reality the creation game in three-dimensional reality um we experience separation from everyone and everything because our our senses fool us into the illusion the hallucination of Separation I'm here and you're there I'm here and the door is over there so I'm aware that I'm here at one point of Consciousness and the door is over there another point of Consciousness okay so in order for me to get from here to the door I gotta move my body and do something through space I got to do something and everything in this three-dimensional reality is going to take time and energy right so okay so then here's here's Lewis right here and then he says okay I want this experience in my future and your brain automatically predicts and projects how far in the future you think it's going to take maybe it's a year five years ten years 30 years oh my gosh right because that's what it's going to take to pay off that house right so now one point of Consciousness I'm here the other point of Consciousness is where I'm placing my dreams so I mean separate from that experience so then how do I get to that experience in three-dimensional reality you got to get up and you got to do something you gotta go to work you gotta drive to work it takes energy you got to fill your car with gas you got to eat food you got to work you know all this stuff you got to sleep you got to recover with your stress and now people are in a sense waiting for the experience that's 10 years down the road or 30 years down the road to happen to take away the lack of them not having it and unfortunately many times when the experience finally occurs they can't enjoy it because they're too exhausted right so then so you play the game you you go to school you study really hard or you study on your own you develop some skills you make the right choices you start saving money you start learning from your mistakes and then the game is how many things can you accumulate and that accumulation then you associate with being wealthy or being abundant or being successful right and some people get really good at it right you can get really good at that but for the most part though when we create from three-dimensional reality we're creating from lack and separation in other words you're driving down the road and you see someone driving a car that all of a sudden you realize that you don't have the moment you become aware that that person has that car and you don't have it you're in lack of having it right so what the brain naturally does is it naturally creates you driving that car and you have an image of yourself driving that car and you start identifying wow that would be a greater experience for me to have the problem is the distance between the thought of what you want and the experience of actually happening it happening for most people is the concept called time right between cause and effect right so some people develop the ability to manage themselves and manage their life develop certain skills and they can pay for it and they can get it very quickly the problem is when the novelty of that experience wears off you know the car and they're no longer identifying with that and the feeling of emptiness and lack comes back they need to find something else to find something else and so there's this game that goes on where you never have enough right and that's the lack game right so then if you think about people uh having the things they want in their life when they create from lack and separation it's the experience in three-dimensional reality that produces the emotion and the emotion is saying let's feel that experience this thing that you've been in lack and separation from and that emotion then takes away the lack of Separation but you've worked really hard to get it okay nothing wrong with that is there another way to do it yes okay so the person who's living in lack is waiting for their wealth to feel abundant they're waiting for their success to feel empowered they're waiting for their healing to feel gratitude they're waiting for their new relationship to feel love they're waiting for the mystical experience to feel awe that's the Newtonian model of reality of cause and effect you know waiting for that event to happen to take away this separation or lack nothing wrong with it it's the way most people create but what we've discovered is actually something else the moment you feel gratitude your Healing Begins the moment you feel worthy and abundant you're generating wealth the moment you're empowered you are moving towards your success the moment you're in love with yourself and you're in love with life you'll create an equal the moment you are in awe of life you're going to have a mystical experience and so that's causing an effect right so then if you can teach people then how to create instead of from lack or separation but create from wholeness and create from what we call the quantum field instead of three-dimensional reality what's the difference Okay so the way you first of all it takes knowledge okay the quantum field is an invisible field of energy that exists beyond our senses you can't see it you can't smell it you can't taste it you can't hear it you can't feel it it exists beyond our experience of three-dimensional reality would this be in the our minds Consciousness or would this be in a different space okay let's let's look at that so the answer to the question is how much of your waking day do you put your attention on matter on the material world and how much of your Awakening are you aware of energy and frequency for most people they're unaware of the quantum field and if you're unaware of it it doesn't exist for you just like you have a nose but if you're unaware of it it doesn't exist for you the moment you become aware of it exists well the quantum field you can ask you can study all kinds of Science and they'll tell you there is this invisible field of frequency and energy that exists beyond the senses that tend to connect everything physical and material in fact everything physical and material is connected to this field Okay so how do you get there right how do you get how do you get there how do you get there so we discovered that when you take all of your attention off your body and you are not paying attention to your emotions your drives your habits if you could take all of your attention off of every element in your environment your cell phone your tablet your computer uh your your car your whatever it is your bad take your attention away from everything every place that you live where you sleep or you work and you're not thinking about time you're not thinking about your schedule where you need to be or what happened yesterday you can relax into the present moment there tends to be a dramatic change in the way the brain functions when people do this properly we call it getting Beyond yourself but in a sense you're dissociating from your three-dimensional reality why because if you're thinking about anything in your three-dimensional reality that's where your attention is and that's where your energy is okay so I kind of figured out this formula when people really become nobody no one no thing nowhere and no time we are pretty much all of a sudden outside the constraints of the Newtonian world of got to do something to get an outcome and if you can teach people how to linger there without a name without a face without a profession without a family without a culture without a past without a disease you teach them how to be in this place we call the unknown right and you teach them that from that place that invisible field is where everything material comes from and if they could create coherence in their brain they need a strong signal in the brain the more coherent the brain the more stronger the signal what do you mean a strong signal okay let's see how I could say this when most people we look at when we look at brains in real time and we're looking at people's how their how their mind is working when you're under stress okay stress is created by not being able to predict something that's going to happen in your life the perception that something's going to get worse or you can't control something right so when that occurs we switch on that primitive nervous system called the fight-or-flight nervous system and the Brain goes into this very alarm State called high beta that means pay attention to the outer world there's danger out there so it's but if it's not a predator in its traffic or your co-worker or your ex this is where it gets to be a problem because it becomes very maladaptive right so when we're in that state and the brain is that in that aroused State we try to control and predict everything so every person every object every thing every place uh every even your body has a neurological Network in your brain right so as the arousal happens we start shifting our attention to all these elements in like a lightning storm in the clouds the brain starts firing very very incoherently and when the brain's incoherent we're in coherence so that's not a strong signal that's not there's it's a static on the word that's disconnection there is no signal right so when we're in that state we're always really looking for the worst case scenario of what's going to happen because if you prepare for the worst anything less that happens a better chance of survival right so so in this kind of aroused State as we shift our attention to each one of these elements that are known in our environment the brain starts compartmentalizing and firing out of order and and that is what creates what's called autonomic dysregulation that causes the brain and body to get really out of balance right so in that state we're we're over focused you know when you're stressed you're over focused on something you can't stop thinking about it our research shows that when you do that you actually make your brain worse because you're analyzing your problems within some disturbing emotion and that emotion is driving you further out of balance you're actually knocking your brain and body out of balance by thought alone and you're driving it into these more aroused States right for someone that's been living like that for decades that's their base State how do they even realize how to get out of that they don't usually it takes crisis right it takes trauma extreme breakdown breakdown it's a loss of death uh a breakup a divorce a near bankruptcy whatever it is a disease a diagnosis whatever something where you just can't go on business as usual now it's time to really start looking they have to wake up yeah so so let's get back to the concept of abundance here because I need a strong signal in this field right so then if you can teach people to do the exact opposite go from putting all of their attention on everything physical and material in the world of separation and instead of narrowing their focus on something material ask them to broaden their focus and put it on nothing now I know that sounds kind of crazy but when you put your attention on space and you divert your attention the act of sensing without thinking actually starts to slow the brain waves down not only slow it down but all of a sudden cause the brain to start re reintegrating starts to synchronize right and so you see different compartments of the brain that are firing out of order start to resonate they start to communicate they're they're they're they're all of a sudden synchronizing and what sinks in the brain kind of links in the brain so when a person has their whole entire brain firing in Rhythm that's a very strong signal that you can send out into the field and when that signal is strong in that position what can you create from that okay so but that's only one element okay so then the clear intention tends to be a very important element that we have to have to get down and the more coherent the brain the more clear the signal for that intention so with intention and attention we could actually make thought more real than anything else now what is that you're saying what would it be like to be wealthy what would it be like to be abundant what would you like to have all my needs met what would it be like to have more than I need what would I do if I had everything I ever wanted the answer always is the same you start giving stuff away because if an abundant person is truly abundant why would they hold on they would say there's I'm not in lack there's more for everybody okay turns out though that the signal sent out isn't enough you got to have to draw the experience back to you and so setting the signal out to you know Financial Freedom whatever that is all these different things right right whatever that is for you whatever that is you're putting that out there with the signal with the intention and the attention right and then how do you draw it so now so it's a physical world right in the physical world you got to go get it you got to do something this is the plane of demonstration you got to go get it and when you you're in lack until it occurs right so what I'm hearing you say there's a way to not Chase but attract all right so if you're creating from the field instead of from matter right there's a very strong possibility that you'll shorten the distance between the thought of what you want and the experience of having it and when there's a vibrational match between your energy and that future that you want to experience now if you're creating from the field you actually don't go anywhere to get it you actually draw it to you so here comes the synchronicities the serendipities the coincidences the opportunities and they come out of nowhere and you you say I don't understand I I didn't do anything while you changed your energy and and so then the other element is a coherent heart right and the heart has a magnetic signature and the Magnetic setting ensures what draws reality to us right so you combine that clear intention with a coherent brain now here's the key this takes practice yes because the person who's living in lack is usually unworthy is usually insecure is usually in their past they're usually frustrated they're usually impatient they're usually resentful because nothing's changing out there because it's taking too long that's everything takes a lot of time when you do matter to matter right so then if you teach them okay we know all about that we know the story behind that we know what your parents told you about money all that other don't worry about it don't worry about it but now let's do something that would be really cool let's let's write down the feelings of how you would feel if that future happened and you're going to have to feel that feeling before it occurs so now okay what is an abundant person feel pretty much free a lot of freedom peace excited joyful uh I'm in love with life grateful to be alive abundant okay now let's practice feeling those turns out when you're feeling those other emotions like resentment and patience and frustration you're stepping on the gas pedal just turning on the sympathetic nervous system and you're stepping on the break at the same time at the same time which is you're angry you're frustrated but the fight-or-flight nervous system says run fight or hide and you're sitting in a zoom meeting and you're neck is pulsating is because the heart is beating against the closed system right you're not you're not using it in an Adaptive way so the heart starts firing out of order it starts firing incoherently and incoherent waves cancel each other out it's called destructive interference and then we stop trusting our future energy leaves the heart when it comes to Building Wealth once you look at your your network um how are you building your number one business you know a lot and I tell this to everyone mind your business how so because your mind is a business so if you mind your business your mind is a business how are you growing your number one business your mind exactly you know what podcasts are you listening to um what books are you reading um are you watching less TV uh or are what are you putting into here because what we put into here comes out and so wealth building is really not just about the the physical things as far as the money but it's like what are you learning what are you putting inside of your mind that can then produce true wealth and keep wealth what wisdom and knowledge are you obtaining so that way when you do make the moves you can also sustain it yeah so you'll learn that about me it's like everything about wealth building has little to do with actual green with Ashley paper it's about your core it's about your mindset it's about your network who are you surrounding yourself with how are you all minding your business growing your asset uh your number one asset which is your mind then from there we can talk about it you know how do we number one avoid debt it goes back to you know Dave Ramsey's baby steps avoid that get a fully funded emergency fund start investing start thinking about your kids you know and then from there oh man life is life is crazy right you can really enjoy and do anything that you want whether that's some people are doing it with cryptocurrency some people are doing it with day trading that's fine whatever is good for you and I don't do single stocks I'm not a fan of single stocks I'm just a fan of real estates some good growth stock mutual funds and just really focusing on building my business right what would you say are the habits wealthy people do that broke people don't do oh man that's a good one when I think of all the wealthy people in my circle habits is they have a they have a daily routine um and and I and when I say a daily routine like they have a Monday through Friday routine you know they they work out they um they read one of the things that I've I've learned over the last actually over the last few years is when I wake up in the morning I do my personal Devo every single morning after that after I read a devote I actually read and study within my particular field so anything around money anything around relationships I'm studying in that okay and then from there I go to the gym I see a lot of wealthy people are very active and they take care of their body from there oh there's another one man they value family they really value the presence of a family why is that because I think they understand you sit here and make all this money but who are you making it for who are you impacting why are you impacting the world when your home is all jacked up and so what I've learned from wealthy people is I want to make sure my home is taken care of before I take care of the world and now again that's not all wealthy people that's just about the people that's in my circle they make sure that the wife the husband the kids they are good that they're in a healthy place before they go serve the world with their particular business right and I love that I mean I was with one wealthy guy just the other day he probably does about 100 million dollars a year and um he gave me an hour of his time for lunch he got a text message from his wife he ended it 10 minutes early because his wife said hey I can't pick up the kids he was like I get it it's no problem I gotta go and I was like wow I was really looking forward to that last 10 minutes right and he was like sorry man you know wife can't get the kids I need to go get them man you'll learn that one day right you made the priority you understand it yeah you know your family needs to be priority and I believe when you could be a good Steward of the little of your family then you could be trusted with with more you can be trusted with 100 employees you can be trusted with impacting the community but if you can't take care of home you can't be trusted with more and that's one thing I'm I'm I got a little dog man so it was like for me I take good care of her yeah yeah I take good care of me I take care of my home so that way you know I can get the wife I can get the kids and I can start practicing taking care of home first yes and then serving people on the outside because I grew up seeing pastors and seeing different people focus on the churches and focus on communities and coming home to a jacked up home and so I'm seeing wealthy people now they've created a healthy Habit to where now they're focused on family and families now are Building Wealth um husband and wives are working together now kids want to work in a family business because now pops and mom took care of home yeah another habit that I'm seeing good at wealthy people doing is they know where their money is going they have a vision for their money so it's not just a budget but they have a clear vision of okay this is where we want to go and what I've learned is that not only do they have the Clear Vision but they make sure everyone that is connected with them whether they are dating whether they are married whether they have kids that everyone is aligned with that vision so okay if our goal is to make 100 million dollars cool great they have the vision here is our goal that gets us to that Vision here are the the daily habits that get us to this goal so they have a Clear Vision followed by clear goals followed by clear daily habits that gets them to the ultimate Vision yeah and I'm I'm sitting there amazed one day or sitting in a room and just really watched him put his vision up on the wall and just really bad tracked it to today his vision was five years down the road he updates his vision every three months and he holds himself accountable him and his team hold himself accountable to okay are we are we getting closer no are we making the right decisions are we making the right moves to get there and that's very very important that's something that I'm putting in place now myself that's cool the money vision and everyone's aligned to the money Vision absolutely that's great man and when you go back to it yeah here's my thing with vision when you have a Clear Vision it's gonna that's your way of saying yes or no so it's like if someone comes to you and says hey I want to do this your vision says yes or no not you if if I meet a young lady and she says Hey I want to do XYZ okay cool does that get me closer to my my vision or does that take me away from my vision yes yes or no if my vision is I want to do this next five years I'm going to apply for a job and that job is saying hey you gotta do this cool great this is a line with my personal vision and I think 20s and 30 year olds need to learn how to write a vision for their life that's cool because if they have a Clear Vision for their life it helps them stay focused and move forward and it gives them an easy hey you're a great person or this is a great opportunity it's just not my opportunity you're a great person you're just not a good fit for where I want to go you're not aligned with where I'm going so you got to have a vision what's the best way to write a vision and come up with a vision and that's something that I'm actually working now now I'm coming out with this next February and the very first thing is you really got to sit down and just ask yourself a lot of questions what are you passionate about um what do you think your purpose is um and then it's like when you think what are you passionate about what do you think your purpose is you know where where do you see yourself going you know my vision is to help Millennials and minorities avoid getting to build well I had to ask myself why it's because I was a millennial and a minority broke disgusted living paycheck to paycheck so when I started ask myself those kind of those questions I really got down to my deep why and one of my mentors Dr Darius Daniel said if your why doesn't make you cry then the price of commitment will make you cry and so when you really want to understand your vision you really have to ask yourself okay where are you going and then why do you want to go there and when you ask yourself that at least five times you're going to really be able to develop a Clear Vision of I want to do this I want to do that I want to do this by this date because of these particular reasons it's hard to fall a step when you feel like you're you're living off credit cards and in debt and you're not making any money you feel like this sense of helplessness really and I know I've listened to a lot of your shows with people where they feel helpless and it takes that initial momentum to kind of kick start it and see a little savings here and there and then pay off one thing here and there but I tell you once I finished those I guess really the the first five to six steps I don't have a home still I still uh rent for personal reasons but the first uh five to six steps and then Building Wealth and giving and giving once I got through these it's just like man you feel so much more Bulletproof I feel so much more bulletproof now after 10 years of building into this recession I feel safe I feel fine I feel protected and it gives me so much more peace of mind since I did follow your steps so I first want to acknowledge you for that for creating something so simple for us and providing this three hours a day for everybody I think it's amazing you sound like a preacher and a motivational speaker to me in the last few minutes just to speak in life and hope unto us so I appreciate that um what are you telling to people right now who are saying you know what I didn't follow your advice I didn't do what I should I should have done I I still love off credit cards I overbought paid for my house and I've got this expensive lifestyle and credit cards that I I know I'm wrong I made a mistake I own it and now I'm screwed and I just got 50 cut in my work I might lose my job in two months I got all these bills like how do you even how to even respond to something like that you know well I certainly don't say I told you so that's not that's not the message because I've been there I've done stupid stuff too and that's not helpful uh and it doesn't bring it doesn't bring any healing uh the thing is this we all get wake up calls we get wake-up calls in our relationships our spiritual walk our leadership styles we get wake-up calls in our finances and some people the phone's ringing off the hook right now uh they're getting wake-up calls on a bunch of things uh they're at home with their family and it's and they're starting to realize I was disconnected from my family I haven't been plugged in they've got a wake-up call on their relationships at home they've gotten a wake-up call on you know I don't have any savings and I've got I'm deeply in debt this isn't working and so the you know the the cool thing is when you get the call then you have to make the choice are you going to answer the phone if you pick the phone up that means maybe it's time to change and uh you can look back and you might be uh 27 years old right now watching this and you're screwed you lost your job you got no money you got no savings and you feel like it's all over uh and I remember in 1970 I was 10 years old and I was in my grandpa's backyard we were tearing down an old deck and I pulled some Nails out of those old boards as we were taking the boards off and he taught me to put them down and straighten them with a hammer and save those used Nails in a coffee can now my grandpa Ramsey was one of my favorite people on the planet this is 1970. and he was still answering the phone that rang in the Great Depression it changed his life he was Frugal and careful and wise with money the rest of his life and so someday 27 year old you're going to be sitting on the back porch with your grandkid and you're gonna remember back in all 20 there was the carnavirus and it changed my life you know and that you're going to be that guy you're going to be giving dad jokes you know and Grandpa jokes right like I am now and you're gonna get that opportunity I was 28 years old when I lost everything it was my fault it was the SNL crisis the banking climate changed I'd built a house of cards I was stupid and the phone rang and it was my wake-up call are you going to answer the phone are you going to change your life to where you say never again I'm going to control the controllables to where I'm the little pig in The Brick House never again that may be the only thing you get out of this crisis and if it is you got enough preach to me Dave come on now I love this what's uh what's the biggest wake-up call for you this has had maybe it's not the financial side of things or business because you guys are thriving is there something you know relationship family friendships health is there anything that's woken you up now or in the near future recently well I've spent the last 15 years pouring into our leadership team and the Ramsay personalities creating this succession plan of and so uh it's not a wake-up call it's more of a source of Pride as to how our leadership team and our Ramsay personalities are reacting in the moment here uh without me coaching them they already knew what to do they're leading they're out there doing it they're doing it they're not waiting for Grandpa Dave to say what do I do tell me the steps they already did it they already did it and then I found out about it you know and that's that's awesome and so it's just a a sense of ah this is starting to work you know I mean when uh Rachel Cruz and Ken Hogan and these guys are doing Ken Coleman are doing all these hits and Chris Hogan are these guys are doing all these hits he's radio and TV and appearances and all this stuff everywhere and the networks are calling and asking for them uh which is awesome and so um you know that kind of thing is uh I don't know if it's a wake-up call as much as it is it's very satisfying to say you know all that work of the last decade and a half of getting everybody ready to win because we were winning in a winning environment but then when you get the pressures on and you get squeezed you see what comes out and it's good stuff coming out what was the last uh I mean what year would you say was the last big wake-up call for you around you know one of the main areas of your life do you remember when that was where you're like oh you know I'm eating a little too many uh candy bars or um you know my relationship or you know what it sounds like you've had to finance it down for many years but is there yeah yeah you're like oh you know what I really didn't do as good as I should have done here I I guess it's probably leadership and I'll probably get one of those calls every day um there's some days I'm a world-class leader and some days I'm just a butt in what way like how are you sometimes I do a better job than other times as a leader and I uh uh I own it I'm I get it but uh you'd think as old as I am I'd be doing better so uh but I know what I'm supposed to do but sometimes I just don't have the energy to do it I don't care yeah and uh I should just care more I really should I shouldn't be such a grouch oh no you care a lot about a lot of people I'm curious what's the best uh what's the best dad joke you share lord I can't I don't have no idea oh you got me I'm not a dad joke guy really other than just a stupid stuff off the cuff that doesn't even make sense generationally so yeah no good dad jokes what um what is the the most common thing that you're hearing with your your the people that are calling in for you right now what's the thing that you hear over and over again that they need the most support with I think there's a sense I think when hope gets gut punched the way it has for folks right now um the the the the answers fall a lot of them fall in the category of this is not going to last forever uh because there's a sense that you know stock market's down do I take my investments out well only if you think it's going to stay down forever right uh because you know you're you're 35 you're going to be investing for 30 more years you don't think it's going to come up in 30 more years I mean really you're predicting the end of America I mean that's that's silly but your emotions tell you lies when when they're based in fear and when they're based in anger and they tell you lies and and they tell me Lies We Believe those lies in situations like this so uh you know you I lost my job I know but that's happened before and probably happen again just get you another one well yeah there's a lot of people hiring right now there are a lot of people hiring Amazon Amazon's hiring 100 000 people right now yeah so I mean there's jobs it may not be the one you want but you can get some food yeah uh I mean get you a leaf blower and rich people are afraid of leaves you know I mean you can make some money so there's some stuff to do out there but the uh uh uh so the thing that the sense that that that the thing you're afraid of is going to last longer than it is yeah whether it's the actual virus or whether it's the shutdowns whether it's economic repercussions of the shutdowns whether it's the employment situation uh whether it's the quarantine it feels like it's going to last forever but I mean the chances of you being in the exact situation you're in in a few months is almost zero your life is not a snapshot you're not trapped In This Moment it's a film strip the story is going to continue to unfold yeah and so that that when hope takes a gut punch though we and we get down in that fear or we're mad or however it is we manifest that stuff that those negative things we the emotions that we all have in these situations that's where a lot of my questions are coming they're all built in that I'm spending all my time going uh yeah but it's not gonna last forever uh yeah but it's not gonna last forever uh yeah but let's visit this in May I think you're going to be okay uh by June are you even going to remember this it's the great toilet paper shortage of the spring you know I don't know I mean what is it you know it's you know some people are going to have devastating horrible things that are going to be life-changing but that that's a very small percentage compared to the number of that are worried about it yeah and so you know you and you're gonna get out of it'll be okay most I mean you're you're gonna be okay I like it I like preacher Dave man this is a you should just be preacher show you know I like this what is the worst investment people should be making during this time and what's the best investment they can make um in my life when I have become desperate right after that's when I become stupid yeah and explain the other one is well when you know when you get scared and you go rushing towards something out of fear that does a sense of desperation this thing when you do that you're getting ready to screw up I mean just count on it uh and the other time you do that is if you're greedy uh if you think you okay I got this one I can take advantage of this and uh I mean greedy as a lack of virtue greedy I don't mean greedy in a a positive way where I'm being ambitious okay I mean the negative sides of greed and so if you're functioning in desperation or in this No Holds Barred I've I'm gonna just clean up on other people's pain thing that's when you're getting ready to screw up and you're getting ready to make a major mistake and and so you're set up also for con artists when you do that um and so if you're if you're functioning in high emotion your brain just doesn't work good my friend art Laffer says people when you're panicked and when you're drunk you don't make good decisions and so you know you you're when you're on high emotion your brain is it's your critical thinking skills shut down and and so that's when I've made the biggest mistakes in my life is when I was desperate and the few times that I was greedy where I thought oh I'm gonna slip in there and that's gonna be easy money what was that easy money could you share a story of one of those greedy times where you try to jump in and get a buddy of mine about a buddy of mine I was in my 20s and a buddy of mine was buying gold and uh now this is in the 80s okay it's a million years ago and he's buying gold and he had this friend that was a gold he was a gold bug he was picking gold and this guy had picked the gold prices where they were going within a dollar uh like 14 times in a row and so uh we both dropped five grand into this thing and if we had hit it was a it was a margin deal and so I would have made 50 Grand and I thought I put money a thousand bucks in here I'm gonna make 50 Grand but it's a margin play which means you're either gonna make 50 Grand you're gonna make zero hmm and so he picked it right 14 times the time I got in the 15th time missed it I got zero turned five thousand bucks into zero instantly last time I bought gold last time I played stuff on margin last time I got greedy was there is there ever a time where so what's the difference between greed and a great opportunity of being ambitious can you make money can you make money fast in certain things or is typically most things take a certain amount of time and energy and effort the vast majority of people who are successful financially and successful have done it incrementally uh there's very few people who you see a meteoric rise in their wealth or their success that's keep it and I I think because you build your character along the way to be able to hold on and be able to do it I think that's that's my theory on it uh I mean I got rich quick I started with nothing and by the time I was 26 I had four million dollars for the real estate I built a house of cards you know and I had a million dollar net worth I made 250 000 in 1984. I was making twenty thousand bucks a month and in my 20s so I mean but you thought I had it all figured out meteoric rise to the top but the very thing that caused me to be the the incredible overdrive of ambition uh caused me to go so fast uh that I that I missed the blind spots I missed the detour signs I missed the bridge out signs and so I built this house of cards I thought was a stone house but I was naive and didn't know and along comes some regulations changes a few shifts in the economy uh a little SNL crisis and couple comes down yeah uh you know all of a sudden Dave looks like an idiot instead of Virginia uh and so it turns out I was a little of both because you don't build something like that at 25 if you're not someone of a genius but I was obviously an idiot in the way I built it and so I get to do it again get the Opera the wonderful opportunity to start over and built the right way yeah yeah but I mean in the midst of that as I was falling over it took two and a half years to lose everything my own I had stuff presented to me I almost got conned serious con like people just a real con artist type guy there's not many of them out there right and most of the time you get screwed by well-meaning ignoramuses but these these were real con artists coming into my path and I was about to give them money because I so desperately needed to turn quick money into big money to save myself I was desperate and right about the time you get desperates when you get stupid so don't don't make those decisions so there's not really so what I'm hearing you say is the wealthy wealthy people it takes time and it's incremental it's not an overnight thing it's not a quick rise there might be some spikes here and there but it's typically over time it's okay to take a spike but anytime I get a spike I'm always a little suspicious of it really it makes me it makes me even more careful I draw back and I go well that's really cool is it okay you know because it's not normative normative is incremental what are um a few things that you think rich people do that poor people don't do uh some of the habits the mindset or the habits um all right the ones that have actually made their own wealth not the ones that just like given the wealth to them right I think they invest in themselves over and over again like you just said I think they watch their minds their thoughts beliefs and words and they they speak with very serious intention they continuously educate themselves [Music] um they focus on making money and that is such a big deal because money is the most loaded topic we've got going on I mean I really think it's more loaded than sex and religion and when I you know I've written about all of it and I feel like Wow money they don't hold again money you know think about it if you tell people like you know what I'm going to get so rich I am just gonna focus on making tons of money as much money as I can instantly people's thoughts go to you're gonna do things that are bad and amoral to make that money we instantly go there don't we why what do you think is the belief that is shaped that in our minds I would love to know because that is it's so there's got to be I don't know some sort of conspiracy theory around like controlling people so they think money is bad so they don't get too much power I don't know I have no idea but um but yeah I maybe it is because I feel like that's what it's about with religion and sex so it's probably about mind control somehow or keep the masses down I don't know you know like you said uh you know it was it was hard being living in the garage and not making much money it's it's hard being a human being with money as well there's still challenges that come up but I'll tell you what it's a lot more enjoyable to have problems with money than to have problems without money absolutely and so when people are like money can't buy happiness I'm like yeah I mean you can certainly be unhappy with money certainly but it's so much easier money is just gives you options and freedom yeah I love options and freedom options and freedom make me happy yeah you still you still have to heal your past you still have absolutely learn how to manage your emotions you still have to deal with people you don't want to deal with you still have problems conflict challenges different problems that may come which is people wanting to take advantage of whatever it might be that you need to overcome different things but it's definitely much more enjoyable than needing to rely on my sister or brother to live for a few years and feel like I can't buy my own food like at least you know I can pay for food you know I still have relationship challenges I still have health challenges that I need to overcome but at least I can pay for things yes through your life that is challenging you might as well learn to make money to try to minimize some of those challenges the best you can right absolutely I mean we live in a reality that relies on money for everything like it's a tool it is the tool of exchange so why wouldn't you want enough to to make it easy to live you know and and when someone you think is uh if they're terrible at sticking with their habits what do you think is a practice they could do to start with small habits to get started whether it's around money or just a habit in general that they always break I start out the I give a 21 day course in the habits book and the and the first day is about getting a mantra in place yeah yeah why is Monica so valuable and what is the Mantra that you use so the you know thoughts beliefs and words and um they're so valuable because you know we were talking earlier about the you know we want to be right so we love being right and our words reinforce our rightness so whatever our thoughts and beliefs are our words are sort of building a foundation of a reality right they they are the building blocks of our realities so for example when I was living in the garage my Mantra was I can't afford it I said I can't afford it 600 times a day and so when I decided I was going to get rich I was like you know perhaps I should ditch the old I can't afford it and come up with a new mantra so of course the first step is awareness and then to write the new mantra you have to go deep into what your whole like what I can't afford it was protecting me from what my fears were around being able to afford it you know so I did a ton of work and I break it down in the book because it is kind of it's much too involved to go into here but my new mantra ended up being money flows to me easily and freely and I really want to point out that when I was living in the garage you didn't tune out of a can money was not flowing to me easily and freely right so that whole belief thing was definitely a stretch but I loved the like ease and freedom and flow like for me all of my I can't afford it was around being constrained and bad and like blocking myself and so the flow ease and freedom when I did the whole little you know process of figuring out my Mantra that's what gave me the feeling of just like oh yeah that feels great before the interview continues if you feel like you're not living your most authentic life not leaning into your purpose and not living the life that your future self would be extremely proud of I've written a new book called The greatness mindset and I think you're gonna love this through powerful stories science back strategies and step-by-step Guidance the greatness mindset will help you overcome all the different challenges in your life to design the life of your dreams and then turn it into your reality make sure to click the link below in the description to get your copy today okay let's get back to this video so how the Mantra works then is I am now looking to money flows to me easily and freely so every time I wanted to say I can't afford it I would say money flows to me easily and freely and because I am a human and I still love to be right I now set about proving that money flows to me easily and freely instead of proving right yeah right interesting so I'd find a Dollar on the street money flows amazingly and freely I'd get some crappy freelance writing job money flows me easily freely and the other thing it did is it it brought into my radar stuff that was all always there but because I was so busy proving I can't afford it and we are doing this all the time without realizing it I was literally I put on the blinders because if it didn't fall into I can't afford it then I couldn't even see it so all the stuff that was always there that was going to help me make money like for example the coach that I ended up hiring would totally changed my life I can't afford it I can't afford it it's a third of my annual income but when I started saying money flows to me easily and freely I had to die or her because money flows to me easily and freely so it really kicks your butt in such a great way if you're really serious about it and if you write a mantra that feels really good you do not have to believe the Mantra at first that's a really important thing to remember I was going to ask you about that how do we say something if it's out of Integrity to what is in the moment not true right how do we how do we because I believe that you know in order to build confidence we've got to be in Integrity with our word so how do we how do we have the belief of a greater future and say this Mantra even though we haven't yet proven it with those factual you know tangible things so it depends how you define integrity okay all right so it's like okay it's acting as if right yeah I think there's Integrity in respecting your excitement so you know you want to learn Spanish you are excited about it it has great meaning to you and you think you know it's it's going to improve your life in so many different ways that so to walk around being like I'm great at Spanish that's not so bad right if you're just like I am great at Spanish I speak Spanish fluently I'm great at it that feels really good and it's in Integrity with your desire so I say Integrity matters when it comes to desire not environment because environment is make believe um it's interesting I I I've had Joe dispenzon many times and one of the things that he said recently I hope I'm remembering correctly and he was like you know a lot of us remember our past or we make stories up about our past that weren't even real we we magnify these stories and and imagine things that actually didn't happen or we blow them out of proportion that wasn't actually real but what we need to start doing is remembering the the memories of our future and remembering our future memories because these things are going to be happening so imagining them happening and remembering them now before they happen will put you in the state of being to start manifesting those things so similar kind of what you already said which is like okay you're excited about this you're Desiring this thing you're imagining it happening in the future and speaking as if it's happened in the future now is just bringing you closer to that thing that you want so um I think it's interesting I never heard someone really say it that way remember right the memories of your future but if we are really if we're really you know I believe that uh we're infinite there's no beginning and end and time wise and in a spiritual world and for if something's already you know it's going to happen then then it's you've got that experience you can just connect to that experience that's happening in the future so right I don't know we're going to talk a little bit now but what do you think is the thing that holds people back the most is it the desire to be right about beliefs is it uh the affection or the um um the things that they gain by by being stuck in this situation whether it be someone giving them attention or whatever it may be what do you think that is the thing is that holds us back the most from actually having everything we want and being fulfilled us I mean those are biggies that you just said I it's the school of greatness again it's not the school of average you know uh I think I I I'm gonna go with abandonment Bob for one thousand I've got I'm I'm gonna say abandonment being abandoned the fear of being abandoned the fear of being abandoned so I think on a very Primal level um especially as babies if we are abandoned we die and um and you know being rejected is about being abandoned um changing your identity um which you have to do in order to change who you're being right so the the fear of that is abandonment if you change who you are the people who love you love you for who you are right now you know and this is honestly I have yet to do a talk and a q a where the question does not come up where somebody says what do you do when the people closest to you don't support your growth right most common question ever the reason it's so common is because when you change who you're being the people you love are at the greatest risk right so Joe schmoe down the street when you're like hey I'm gonna quit my job and open up a restaurant your mother might tell you how risky it is how restaurants you know one out of ten restaurants succeed and your friends will make fun of you because now you're you know think you're Mr Big Stuff or whatever but Joe schmoe down the Street's like rock on and you're like why is Joe schmoe all happy for me when the people who allegedly love me are dragging me down and it's because subconsciously mostly they're afraid that you're going to change and they're going to lose you and you're basically killing off your old identity is who's the person they love right and they also this is also part of it they're no longer right and they love to be right they are right about who you are and if that changes and they also love to be right about the fact that you can't do something like that that's risky and scary so it's just it's just a mess but the bottom line is you're a lot of people won't they'll stay small they won't go after their hopes and dreams because they'll they don't want to risk losing the people closest to them look I'm just telling you inflation even Warren Buffett says maybe two people on the entire planet even understand the concept of inflation what is the complicated what is inflation so inflation yeah it's a great question right and what is a recession by the way yeah so uh inflation is uh an increased price

Channel: Lewis Howes

Views: 24,987

Keywords: Lewis Howes, Lewis Howes interview, school of greatness, self help, self improvement, self development, personal development, success habits, success, wealth, motivation, inspiration, inspirational video, motivational video, success principles, millionaire success habits, how to become successful, success motivation

Id: -I9nmzxJUdk

Length: 127min 59sec (7679 seconds)

Published: Fri Jun 09 2023