Lewis Howes: The Belief Keeping You Broke Without You Knowing — Transcript
Full transcript
- 0:00Your first point here is make money
- 0:02easy.
- 0:02>> Yes.
- 0:03>> And so when I ask you, when someone's
- 0:05coming at money, our relationship with
- 0:07money is already at a place kind of like
- 0:09finding love. We're desperate for it.
- 0:12We're stressed by it. We're paralyzed by
- 0:15it. We feel the pressure for it. What do
- 0:17you do when you're feeling all of that?
- 0:19What's the first thing you need to do?
- 0:21>> Step one is you need awareness. And
- 0:22again, you probably say this so often
- 0:24and people probably heard this so
- 0:25frequently, but if you don't have
- 0:27awareness on your attachment style
- 0:30towards money and how your nervous
- 0:32system is when you receive money or when
- 0:35money leaves you. When you have to pay
- 0:37your bills or give money away.
- 0:39I want people to create just a scenario
- 0:42of awareness around how you feel and how
- 0:45you think when you receive money, when
- 0:47you pay money, when you look at your
- 0:49bank account, when you open your purse
- 0:51or your wallet, and just notice, how do
- 0:53I feel?
- 0:54>> Mhm.
- 0:54>> Do I have shallow breathing? Do I feel
- 0:56relaxed? Do I feel anxious? Do I feel
- 0:59scarce? Do I feel abundant? Just step
- 1:02one is have awareness on, how do I feel
- 1:05and how do I think about my money? The
- 1:08money I have, the money that's coming
- 1:10in, and the money that's going out.
- 1:12>> Yeah.
- 1:12>> That's step one. And when you can just
- 1:14have awareness around it, you can start
- 1:16to say, is my relationship the one that
- 1:19I want to be having? Do I feel really
- 1:20secure around money? If not, okay,
- 1:24what's something I can think about?
- 1:26First, let me think about my money
- 1:27story.
- 1:29The story of my life around money. We
- 1:31grow up as kids and we
- 1:34watch our parents
- 1:36in their relationship and we tend to
- 1:38develop the relationship style of our
- 1:40parents unless we learn how to heal as a
- 1:42teenager and have some type of
- 1:44breakthrough.
- 1:45We're creating some type of attachment
- 1:46style based on what we see with our
- 1:47parents.
- 1:48But think about all the conversations
- 1:50your parents had around money. And if
- 1:52your parents didn't have a secure
- 1:53relationship, if they fought, did they
- 1:55fight about money? Were you involved in
- 1:58the conversation about how expensive
- 1:59things were? About your school or sports
- 2:02or programs that they had to pay for
- 2:03that they couldn't afford? Did they
- 2:05argue? Did they have challenges? Did
- 2:07they get divorced?
- 2:09Money is one of the biggest reasons
- 2:10people get divorced. It's one of the
- 2:11biggest arguments in marriage as well.
- 2:14So, just notice, is my nervous system,
- 2:16is my body, is my energy, are my
- 2:18thoughts stressed out around money? Do I
- 2:21feel scarce or do I feel abundant?
- 2:25That's kind of step one, and then step
- 2:27two is understanding your money story.
- 2:29Because when you can reflect on your
- 2:30money story, you can see what your money
- 2:33personality style is today.
- 2:35And for many years,
- 2:37and we can talk about both of us
- 2:38thinking about our past. For many years,
- 2:41I didn't understand money growing up. We
- 2:44didn't have a lot growing up. We weren't
- 2:46completely poor, but
- 2:48I wasn't as, you know, well-off as the
- 2:49other kids in my class. So, I always
- 2:51felt a little bit beneath everyone else.
- 2:53And so, my belief system was around
- 2:55that. I'm a just a little bit under
- 2:56everyone else. Everyone else is doing a
- 2:57little bit better than us.
- 2:59Sure, we have a home and I'm going to
- 3:00school, but everyone's got rollerblades,
- 3:02I'm in sneakers. People have Nintendo, I
- 3:05don't have one. I'm reading a book.
- 3:06Whatever it is. It was like I was a
- 3:07little bit beneath. And that started to
- 3:09shape my story, my personality style.
- 3:11So, I felt very insecure around money.
- 3:14And when I got it, I got really excited,
- 3:16but I didn't know what to do with it.
- 3:17So, I was also like afraid, I was
- 3:19insecure, and I was just unsure of it.
- 3:22And it really started to shape my
- 3:24personality style. Now, when I was in my
- 3:26teen years, my dad started to make more
- 3:28money and started to teach me a little
- 3:30bit, but I was still like just I want to
- 3:32be a teenager. I don't want to think
- 3:33about this stuff. It seems confusing. I
- 3:35just want to have fun.
- 3:37In my 20s, when I got done playing
- 3:41football, I I went to go pursue
- 3:42football, got injured, and I was on my
- 3:44sister's couch for a year and a half,
- 3:46and I had no money. And I just felt
- 3:48like, how am I going to make this work?
- 3:50How am I going to make money? I don't
- 3:52know what my skills are. I don't know
- 3:53what my talents are. This is in 2008
- 3:55when the economy was crashing. So, it
- 3:57kind of felt like it is right now with
- 3:59inflation going up so much right now and
- 4:01people worried about money in the
- 4:02future. I didn't understand.
- 4:05And I needed to find money mentors to
- 4:08start teaching me how to learn about how
- 4:10I can receive money and spend it in a
- 4:13more efficient way.
- 4:14>> Yeah, I think what I'm thinking about
- 4:15when I'm hearing you is if me and you
- 4:17went back to a place in our life where
- 4:20we really didn't have money.
- 4:22>> Yes.
- 4:23>> And you think about someone who's in
- 4:24that position who's listening to us
- 4:26right now
- 4:27and in their head they're thinking, "But
- 4:29how do I
- 4:30become abundant
- 4:32>> Mhm.
- 4:32>> when I don't have Well, like my natural
- 4:34thing is like I'm just struggling to pay
- 4:36my next bill. And me and you have both
- 4:38been in those situations. I remember
- 4:40when I was growing up, I grew up in a
- 4:42house where we had just enough. Like
- 4:45that was the language my parents used.
- 4:46We have just enough.
- 4:48And my parents would often argue about
- 4:50money. I remember I wasn't allowed to
- 4:52buy cool shoes and stuff. I'd have like
- 4:54the the knockoff cheapest brand from
- 4:56whatever, which was I actually didn't
- 4:57have an issue with that. I didn't have
- 4:58an issue with with any of it because we
- 5:00had food and that was my normality. But
- 5:02it's really interesting because the
- 5:03amount of times growing up, I started
- 5:05working when I was 14.
- 5:08And I think that gave me a really
- 5:10interesting sense of how hard it was to
- 5:13make money. Because I started working at
- 5:1514. I used to get paid £2 per street
- 5:19that I delivered newspapers.
- 5:21>> Wow.
- 5:21>> So, imagine there's 100 houses, it's
- 5:23going to take me like
- 5:24>> Not per house?
- 5:25>> No, no, no.
- 5:26>> Per street?
- 5:26>> Per street. So, I did five streets. And
- 5:29so, I'd get £10 at the end of the week
- 5:31>> Wow.
- 5:31>> if I did five streets. And each street
- 5:33would take me at least an hour. Maybe I
- 5:36don't know, something like that. And so,
- 5:37I'd walk around. I'd pull this thing and
- 5:40I'd deliver it. And I got an
- 5:41understanding of how hard it was to make
- 5:44money.
- 5:45But then that became a story for me
- 5:47going to your point.
- 5:48>> Making money is hard.
- 5:49>> Making money is hard.
- 5:50>> Mhm.
- 5:51>> And that there's only a certain amount
- 5:53of money you're allowed to make at this
- 5:55level. Like you're a 14-year-old. Then I
- 5:57worked in retail, I stacked shelves at a
- 5:59grocery store. I worked at a store
- 6:01called Morrison's, which is like working
- 6:03at Walmart.
- 6:04And there I remember I got paid like £5
- 6:07an hour. And then you get like time and
- 6:09a half if you work the weekends and the
- 6:11evenings.
- 6:12All of this to say that I probably spent
- 6:15my whole life only seeing zero in my
- 6:17bank account because everything that
- 6:19would come in would pay for my phone
- 6:21bill, my car insurance that I paid for,
- 6:24whatever it was that I was taking care
- 6:25of, so I wasn't relying on my parents
- 6:27apart from I lived in their home,
- 6:28obviously.
- 6:30But I always felt like money came in,
- 6:31money went out. And my story around
- 6:34money was people who have money are
- 6:37doing something bad. So I lived in a
- 6:40home whenever we went to a friend's home
- 6:42and they had a nice home, my family
- 6:44would always say, "Oh yeah, but they do
- 6:46dodgy stuff to make money." All the
- 6:47language around money was people with
- 6:49money are doing bad stuff. So in my head
- 6:51it was like, "Oh, if you have money,
- 6:52then you must be doing shady stuff
- 6:55because we don't have money and we're
- 6:56not doing any shady stuff."
- 6:57>> Right, right. You must be hurting people
- 6:58to make money.
- 6:59>> Correct. In some way, exploiting
- 7:01>> Taking advantage of people.
- 7:02>> advantage, whatever. So everything
- 7:04you're saying is so true
- 7:06because then when I got to a point in my
- 7:08life where I was just trying to do good
- 7:10and I had something like 150, 200
- 7:13million views on content.
- 7:14>> You had no money.
- 7:15>> I was 4 months away from being broke.
- 7:17>> I met you at this time.
- 7:18>> met you around this time.
- 7:19>> you at this time, yes.
- 7:20>> And it was really interesting to me
- 7:21because that was the time that I was
- 7:24actually doing this work, which is why
- 7:26this book is so powerful, because I
- 7:28realized that I couldn't, even with 150,
- 7:31200 million views, it wasn't that that
- 7:33made money because my story and my
- 7:37personality style was anxious. I felt
- 7:40like it was wrong to make money. Like
- 7:42that's actually what it was. I felt like
- 7:44making money was bad.
- 7:45>> The first thing I think you need to be
- 7:47aware of is that your beliefs dictate
- 7:50your behaviors. So, if you believe that
- 7:53money is bad or people who make a lot of
- 7:57money are bad and take advantage of
- 7:59others. And therefore, me having lack
- 8:02right now means I'm a good person. And I
- 8:03don't want to become a bad person. Then
- 8:05that belief is going to dictate your
- 8:06behaviors and you're going to stay in
- 8:08lack. You're going to stay in scarcity
- 8:11and you're going to see opportunities
- 8:12that only give you just enough as
- 8:14opposed to opportunities that could
- 8:16create incredible wealth for yourself
- 8:18financially, but also an emotional
- 8:20wealth that you've never had before.
- 8:22So, that's one of the things you want to
- 8:24understand. It's first that your beliefs
- 8:26dictate your behaviors.
- 8:27>> That's a big one by the way. That's
- 8:28huge. Like that I just want to point
- 8:30that out for people. Like that's so
- 8:31huge.
- 8:31>> your belief
- 8:32>> Yeah, that's huge.
- 8:33>> Your belief got you to a place of I am
- 8:36impacting hundreds of millions of people
- 8:38from these these videos that I created
- 8:40with my talents.
- 8:41But I don't know how to make money with
- 8:42them and I don't know if I actually
- 8:44should because then I could be bad and
- 8:46wrong or people could perceive me as I
- 8:48did something bad to make this money.
- 8:51>> And I'm a [snorts] spiritual person. I'm
- 8:53a monk. I've done all these things. I
- 8:55don't want to have that life.
- 8:57>> Yeah.
- 8:57>> But I want to make an impact and I don't
- 8:58want to be poor. So, I think a lot of
- 8:59people are struggling with that mindset.
- 9:02>> What are the other ones you hear? What
- 9:03are the other focusing on that beliefs
- 9:05here? What are you hearing from people
- 9:07about that That's my belief
- 9:08>> Yeah.
- 9:09>> and that's very much my history and
- 9:11story as you said. What other stuff do
- 9:13you hear from people?
- 9:14>> The biggest shift that will create
- 9:17abundance in your life
- 9:18is a mindset habit in unlocking wealth
- 9:21for yourself. And one of the big lies or
- 9:24one of the big blocks that holds people
- 9:26back from financial opportunity is that
- 9:29I I cannot be generous with my time, my
- 9:33wisdom, my knowledge, or my secrets to
- 9:36others cuz if I am, they will take it
- 9:39and run with it and I will be left with
- 9:41nothing. So therefore, I'm going to
- 9:42hoard my energy, I'm going to hoard my
- 9:44time, my knowledge, and only keep it to
- 9:47me so that others don't have good ideas
- 9:50or have my help. And from all the
- 9:52different billionaires and millionaires
- 9:55and financial leaders in the world that
- 9:56I've interviewed, I know you've
- 9:58interviewed a lot of them.
- 9:59There is a question I would always ask
- 10:02individuals who've made incredible
- 10:03amounts of money.
- 10:05And
- 10:06that keeps helping them create more
- 10:08wealth year after year.
- 10:10And they all say the same thing. Those
- 10:12who have had a sustainably good heart in
- 10:14the process.
- 10:15Is that you have to have a generous
- 10:16mindset. So the mindset habit is the
- 10:19first thing that you have to think about
- 10:20when creating abundance with your money,
- 10:22but also feeling abundant internally.
- 10:25And it's coming with generosity. So if
- 10:26you feel like you're stuck right now, if
- 10:28you feel like you have nothing. This was
- 10:30what you were at 8 years ago when I met
- 10:32you. This was where I was at 15 years
- 10:35ago when I was on my sister's couch. I
- 10:36had no money. I was in student loan
- 10:39debt. Was sleeping on her couch. I
- 10:41didn't think I had any skills. I didn't
- 10:43have a college degree yet. I was like,
- 10:45how am I going to make money if I don't
- 10:46know how to make money and I don't have
- 10:48any talent or skill and I'm in debt. I
- 10:50didn't understand it. It felt
- 10:51impossible.
- 10:53And the thing that I shifted when I
- 10:55started to meeting money mentors is I
- 10:57needed to learn the first habit, which
- 10:59is the mindset habit, which is a habit
- 11:01of generosity and gratitude.
- 11:03>> So what did that look like then? What
- 11:04was the practical step?
- 11:05>> What it looked like was how do I meet
- 11:08money people? People who have money,
- 11:09people who have success, people can
- 11:11teach me knowledge. I needed to come
- 11:13with the sense of energy, of curiosity,
- 11:16of possibilities, and of joy. I
- 11:18literally wrote a list down of all these
- 11:20different things that I thought were my
- 11:22talents. I go, how can I make money? I
- 11:23don't have any skills. I played football
- 11:26and now I'm injured. What can I do for
- 11:27people?
- 11:28But I was like, well, I'm really
- 11:29curious. Maybe I can just ask people
- 11:31questions. And never did I think in a
- 11:33million years that I could have a
- 11:3512-year-old podcast just asking
- 11:37questions and make millions of dollars a
- 11:39year. I never thought that was possible.
- 11:41I was in my early 20s, and I was like,
- 11:43you know what? I've got a lot of energy.
- 11:45I've got a lot of passion. So, let me
- 11:47bring passion and energy to other people
- 11:49and excitement. And that energy was
- 11:52infectious. And there's a currency
- 11:54that's tied to that energy of passion,
- 11:56joy, excitement, curiosity. That
- 11:58currency may not look like money, but
- 12:01for those who are older, who have no
- 12:03more passion, they're burnt out, they're
- 12:05exhausted, it is the highest form of
- 12:08currency. They want that. They crave
- 12:10that energy. They've burnt themselves
- 12:12out for decades. They want to feel young
- 12:14again. They want to feel curious again.
- 12:16They want to feel excited again. And
- 12:18when you come to someone with that
- 12:19energy, you are bringing a different
- 12:21mindset. So, the mindset of curiosity,
- 12:24joy, passion, presence, like just
- 12:27connecting with someone and asking them
- 12:28a question
- 12:30is such a valuable currency. So, we have
- 12:32to look into these untapped skills,
- 12:35talents, currencies inside of us that
- 12:37are hidden to others, but inside of us,
- 12:40they can create magic.
- 12:42That's one of them. Another one is just
- 12:43being generous with your time, with your
- 12:46resources, with your ideas, and helping
- 12:50others succeed.
- 12:51>> I love that because I didn't even know
- 12:53that then, but I was doing it
- 12:54unconsciously.
- 12:55>> Yes, you were.
- 12:56>> So, I really wanted to interview
- 12:59incredible people, but I didn't have a
- 13:01platform at the time when I met you. And
- 13:04so, I'd partnered up with Nasdaq. And by
- 13:06the way, just to be really clear with
- 13:07everyone, I didn't get paid to do this.
- 13:09So, Nasdaq had something where
- 13:11everyone's using Facebook Live, and I
- 13:13said, "Hey, could I have an hour in the
- 13:15Nasdaq building whenever I have an
- 13:17amazing guest that says yes, so that I
- 13:19can interview them on Nasdaq Live?" And
- 13:23they would put the picture up on the
- 13:25middle of Times Square.
- 13:26>> billboard.
- 13:27>> So, now I could reach out to people I
- 13:28looked up to.
- 13:29>> That's the reason why I went on the
- 13:30show.
- 13:30>> Exactly.
- 13:31>> didn't know who you were until I saw,
- 13:32"Hey, I can get you on a billboard on
- 13:34Times Square." I go, "That's value to me
- 13:36right now."
- 13:37>> generous and I'm trying to find a way
- 13:39because I don't have anything to offer,
- 13:41but I admire you. And it was all people
- 13:42I admired. It was yourself, it was Ryan
- 13:44Holiday said yes. Me and Ryan had met
- 13:46maybe once before that, but Ryan came on
- 13:48that show. And there were a bunch of
- 13:49other authors. Deepak Chopra came on
- 13:51that show with me. And it was all people
- 13:53that I'd admired, looked up to for a
- 13:55long time.
- 13:56And exactly that. That's how First of
- 13:58all, we became great friends off of it.
- 14:00But the point is, it's exactly what
- 14:02you're saying that even though I felt I
- 14:04had nothing to offer, I had to find a
- 14:06way to create something to offer someone
- 14:09of value. I didn't get paid for it for
- 14:11that show. I didn't get paid to run it.
- 14:13I didn't make any money from it. But it
- 14:15created an opportunity for me to connect
- 14:17with friends, to connect with people
- 14:19that were doing incredible things. And
- 14:21of course, allowed me to showcase my
- 14:22talents so that then I could show it to
- 14:24other people. I remember I had Ryan
- 14:26Harwood on the show who founded PureWow.
- 14:30And he just sold it to Gary V.
- 14:31>> Yeah.
- 14:32>> And that's how I met Gary. So Ryan came
- 14:34on my show and he was just like, "Jay, I
- 14:36love you. You're a great interviewer.
- 14:37Like, you have such great energy." He
- 14:39was He really liked my passion. And he
- 14:41said, "You got to come meet Gary." And I
- 14:42was like, "No way. Like, I love Gary."
- 14:44And so he took me to meet Gary for the
- 14:46first time. We had a meeting in his
- 14:47office and that's how I built my
- 14:49relationship with him. It was all thanks
- 14:50to Ryan. And so when you think about it
- 14:52now, like when I'm I've never thought
- 14:54about it until what you're saying.
- 14:55>> Yes.
- 14:56>> Now when I look back, Ryan's been on the
- 14:57podcast like four times now, whatever. I
- 14:59love his books. So many relationships
- 15:02came out of that. And so I think when
- 15:04you live in a world of I have nothing to
- 15:05offer and I don't have anything, it
- 15:08becomes really hard to create.
- 15:10>> And most people think when I have
- 15:11nothing, I need to take from someone
- 15:14else.
- 15:14>> Yes.
- 15:15>> I don't have anything, so I can't give
- 15:18anything if I don't have it. So I need
- 15:19someone to give me money right now cuz
- 15:21I'm broke, I'm poor, I'm stuck, I'm
- 15:23stressed, I'm anxious. I can't think out
- 15:26of myself. And this first habit is
- 15:28really gratitude and generosity is the
- 15:31gateway to abundance.
- 15:33And it may not mean you're going to make
- 15:35money right away. You didn't make money
- 15:37by having me on the show right away. But
- 15:39we became friends, I helped you, you
- 15:41helped me, over time we helped each
- 15:43other create more abundance together.
- 15:45Not only financially, which we've done
- 15:47together, but a type of richness that
- 15:51isn't about money.
- 15:53And this book, again, it's it's a money
- 15:55book, but it's really like it doesn't
- 15:57matter how much money you have if you
- 15:59don't feel like you have a rich life
- 16:00inside of you.
- 16:01>> That's real.
- 16:02>> It does not matter how much is in your
- 16:04bank account, how big your net worth is,
- 16:07if you don't feel like you have an
- 16:08abundant life, if you're stressed, if
- 16:10you're overwhelmed, if you're anxious,
- 16:12if you're constantly in drama, that is
- 16:15not abundance.
- 16:17A high net worth does not mean you are
- 16:20free. And the goal is for us to feel
- 16:23free every moment of our lives as often
- 16:26as possible, and allow money to be a
- 16:28tool to create incredible opportunities,
- 16:31memories, moments, where you can be
- 16:33generous with it, with the people you
- 16:35care about, the causes you care about,
- 16:38the institutions you care about, to
- 16:39serve more people,
- 16:41and feel good about doing it, not feel
- 16:44bad about doing it. And that's part of
- 16:46this process. Most people, when they
- 16:48lack money, they want to take from
- 16:50others. They want someone to help them.
- 16:53And you need to flip it on its head and
- 16:55say, "How can I help others? Even when I
- 16:56have nothing." That is the time to be
- 16:59more generous
- 17:00and in more gratitude, and say, "Thank
- 17:02you for this opportunity." Even if you
- 17:04have to just lie to yourself for a
- 17:05moment say, "I'm stuck, I'm on my
- 17:07sister's couch, I have no money, I'm 4
- 17:09months in 4 months I'm going to be out
- 17:10of an apartment, and I don't know where
- 17:12the money's coming."
- 17:13Just say, "Thank you, God. Thank you,
- 17:15universe, for this opportunity to learn.
- 17:17This opportunity
- 17:17>> to grow cuz I'll never be here again. I
- 17:20interview I don't know if you've had Ken
- 17:21Honda on, but he wrote
- 17:23>> Happy Money, but I haven't had him on.
- 17:24>> Dude, he's so cool. I love this approach
- 17:26to this. And he's talking similar style
- 17:29about how do you just live a rich life
- 17:31irrelevant of whether you have money or
- 17:33not. And again, this is the what I want
- 17:34people to get to. When you are poor,
- 17:37when you're broke, when you're
- 17:37struggling financially, it feels really
- 17:40hard to feel abundant and rich.
- 17:43And we want to start shifting our
- 17:45thoughts, our emotions, and our energy
- 17:46on
- 17:47"Okay, I know I'm in this financial
- 17:49situation. It doesn't feel good, but in
- 17:51order to get out of it, it's not feeling
- 17:54worse about it.
- 17:55It's starting to feel better about me,
- 17:57better about my values, my character, my
- 18:00kindness, my generosity, and seeing how
- 18:02can I add value to others?"
- 18:05And that's the first thing we need to be
- 18:06thinking about, how can I get into a
- 18:07richness inside of me to serve others
- 18:11and take care of me at the same time?
- 18:14And one of the practices are these
- 18:16social experiments or exercises similar
- 18:18to you that Ken has is that whenever
- 18:20money comes to him, whether it's a
- 18:22check, whether it's a Venmo payment,
- 18:24whatever it might be, he just says thank
- 18:26you to that money. He looks at that
- 18:28number, if it's a penny, if it's a
- 18:30million dollars, if it's your your
- 18:32normal check you get coming in in the
- 18:34mail every 2 weeks, he looks at it and
- 18:36says, "Thank you." And literally opens
- 18:38his heart
- 18:39and loves that money that comes to him.
- 18:42He says, "Thank you.
- 18:43Where do you want to go?
- 18:45Do you want to go to my bank account? Do
- 18:47you want to go to my savings? Do you
- 18:48want to go to investments? Do you want
- 18:49to go towards paying off debt? Do you
- 18:51want me to give you away?"
- 18:52And it might be a weird kind of like
- 18:54>> like it. Yeah.
- 18:54>> exercise, but I love this approach
- 18:59to just being mindful of money when it
- 19:01you pay bills, when you pay off debt,
- 19:03say thank you as well.
- 19:05"Thank you for allowing me to pay off
- 19:06this debt. Thank you for paying my cell
- 19:09phone bill so I can call my friends and
- 19:10family that I love. Thank you for the
- 19:12ability to live a richer life.
- 19:16>> Yeah.
- 19:16>> And when we start to approach money in
- 19:18that way,
- 19:20it doesn't mean money's going to fall
- 19:21from the sky and come to us abundantly.
- 19:24But we're going to start to feel more
- 19:26rich and abundant internally, which that
- 19:28energy is what will attract more
- 19:30opportunities. Those opportunities could
- 19:33lead to millions. This hostess that came
- 19:36to you, she brought that thankful
- 19:38energy, that present energy, that
- 19:40loving, joyful, curious energy, and it
- 19:43created an abundance of opportunities.
- 19:46>> Yeah.
- 19:47>> And connection. When you have no money,
- 19:49when you're broke, when you feel
- 19:51stressed out, overwhelmed, burnt out,
- 19:53you lost your job,
- 19:54you feel like you need help. And you may
- 19:57need help.
- 19:58And the best way to create abundance
- 20:01is to go from helplessness to
- 20:04helpfulness. So instead of saying, "I
- 20:07feel helpless. I don't know what to do."
- 20:09You've got to flip and say, "How can I
- 20:10be helpful? How can I help myself but by
- 20:13also helping someone else? How can I
- 20:15shift out of this negative energy into
- 20:17an energy of abundance?" Which is so
- 20:19hard to do when you have nothing. I
- 20:21remember for a year and a half feeling
- 20:23trapped on my sister's couch with no
- 20:25money, thinking, "How am I going to do
- 20:26this?"
- 20:27And there just got to be a decision
- 20:29where you say, "I'm going to get up and
- 20:31I'm going to get out of this funk, out
- 20:32of this energy, and choose and decide to
- 20:35bring energy to someone else without
- 20:37asking for anything in return." When you
- 20:39do that, you'll start to build momentum.
- 20:42And that's what's going to help you get
- 20:42to the next level.
- 20:43>> [snorts]
- 20:43>> The biggest trap is when you feel scarce
- 20:47and you start making money and you still
- 20:49feel trapped. When you see everyone else
- 20:52having fun with money and going on that
- 20:54trip with their girlfriends or buying
- 20:56that expensive car to show off to their
- 20:58guy friends or getting the nice watches
- 21:00or having the cool shoes and you're
- 21:02thinking, "Oh, if I could really have
- 21:04money, then I I have these things that
- 21:05would make me feel cool or feel better.
- 21:08But if we can approach life and just be
- 21:11like, "Man, life is so good with what I
- 21:14have." That is true wealth. I asked
- 21:17them, you know, if money walked in and
- 21:19you were at a party, how would you
- 21:21respond?
- 21:22And they said, "I would run to the bar.
- 21:25I would not make eye contact. I would
- 21:27gossip behind their back to other people
- 21:29there about money. Uh I would look down
- 21:31at them, but then I would use them and
- 21:33abuse them because I would really need
- 21:35money.
- 21:35>> [music]
- 21:36>> And I would ghost them afterwards."
- 21:38>> Wow.
- 21:39>> And I go, "Wow." And they were like,
- 21:40"Yeah, I know. It's really bad." But
- 21:42they were being honest.
- 21:42>> Yeah.
- 21:43>> So I want people to be honest. Like,
- 21:44what is your relationship with money?
- 21:46And just imagine
- 21:47>> That's crazy.
- 21:47>> if you were money and someone treated
- 21:50you that way.
- 21:51>> I remember [snorts] the day after I
- 21:52realized I was 4 months away from being
- 21:53broke. I must have emailed a thousand
- 21:56people saying, "I will do anything. Here
- 21:59are my skills."
- 22:00>> Consulting, right?
- 22:01>> videos. I will consult. I'll run your
- 22:04social media. Those weren't things I
- 22:06wanted to do with my life.
- 22:08But I needed to create a foundation from
- 22:10which I could then invest that into what
- 22:12I wanted to do. And actually that year,
- 22:14everything I made, I invested into
- 22:16starting this podcast.
- 22:17>> Yes.
- 22:18>> So everything [clears throat] I made
- 22:19this year went into launching On Purpose
- 22:21because that's not what I wanted to do.
- 22:23I didn't want to edit other people's
- 22:24videos. I didn't want to launch social
- 22:27media profiles. I didn't want to coach
- 22:29and consult. But I had those skills.
- 22:32>> Yes.
- 22:32>> this is one of the things sometimes is
- 22:34that we all have skills that are
- 22:36valuable somewhere. And they may not be
- 22:39the skills that you want to do for the
- 22:40rest of your life.
- 22:41>> Now, but the season of life you need to
- 22:43do that.
- 22:43>> of life and I think there's something to
- 22:44be said for that because we all want to
- 22:47be paid for what we love doing. But even
- 22:50my life today, I have there's a lot of
- 22:51things I have to do.
- 22:53>> Yes.
- 22:53>> And there's a lot of things I love to
- 22:54do. And that's life.
- 22:56>> Yeah, and like you said, the seasonal
- 22:57side of things. Like, when I was just
- 22:59getting started making money, this was
- 23:01in 2008, 2009, 2010. I was using
- 23:04LinkedIn as a platform and a tool to
- 23:07meet
- 23:08CEOs, executives, and business leaders.
- 23:11And I was helping them originally with
- 23:12their LinkedIn profile. To then just
- 23:14saying, "Hey, how can I help you
- 23:15optimize your profile? I see that it's
- 23:18missing some things here. I'll do it for
- 23:19free." And I did this to build
- 23:21relationships with them. And through
- 23:23that, they just all wanted to help me
- 23:24and give back to me. And then eventually
- 23:26someone said, "Hey, I'll pay you for
- 23:27this. This is really helpful." I was
- 23:29like, "Oh, I can make money on
- 23:30LinkedIn." It's not what I wanted to do,
- 23:32but I had a skill to do it right then.
- 23:34So, I did that for a few years, and once
- 23:37I had that foundation, I used that money
- 23:39to launch The School of Greatness as
- 23:40well, because I had a couple years of
- 23:42runway now.
- 23:43And I didn't want to do that forever,
- 23:45but I did it for the season. I got
- 23:47skills, I made money, and I created a
- 23:49sense of freedom for myself to do what I
- 23:52really wanted to do later.
- 23:53>> Yeah. What about this idea of
- 23:56I want to make money quick. Like I just
- 23:58want to make a million dollars in a
- 23:59week. I want to find that hack that
- 24:02solves my money problems. Like what's
- 24:03your take on that? Is that possible?
- 24:05>> I've got money wounds, and it's because
- 24:07I wanted to make easy money in my past.
- 24:10Not make money easy.
- 24:12And I don't know anyone that doesn't
- 24:14want to make easy money. Like
- 24:17our ego wants it to come to us now. And
- 24:19we want to find the quick hack or the
- 24:21the quick investment that's going to 10x
- 24:23in 2 months.
- 24:24Sure, there's always outliers that
- 24:26figure out a way to do that. But every
- 24:28time I've tried to do that, I've lost my
- 24:30money. And it's been painful. And I'm
- 24:32like, "Okay, I think I've learned that
- 24:33lesson." But there's this new like quick
- 24:35easy money opportunity.
- 24:37And every time I do it again, I'm like,
- 24:39"What was I thinking?"
- 24:40>> Yeah.
- 24:41>> You see that others acts like there's a
- 24:43way to do it so easy. If you just invest
- 24:46in crypto, if you just invest in this,
- 24:48if you just do this thing, you're going
- 24:49to make quick and easy money.
- 24:51I don't know anyone who's made hundreds
- 24:53of millions, millions, or billions who's
- 24:56lived that way.
- 24:57They might have invested and gone all in
- 25:00on one business and created generational
- 25:03wealth or maybe they went all in on
- 25:05investing in one main stock that ended
- 25:08up 10 or 20 x in over time.
- 25:10But going the quick make easy money way
- 25:14doesn't usually work and it's painful
- 25:16lessons you have to live afterwards.
About this transcript
This page contains the full transcript of Lewis Howes: The Belief Keeping You Broke Without You Knowing by Jay Shetty Podcast, generated from the public captions YouTube serves with the video. The transcript has 5,367 words across 797 segments, with the original timestamps preserved so you can click any line to jump to that moment in the embedded player.
What you can do with it
Use the transcript to take notes, quote the speaker, build a study guide, generate a summary with ChatGPT or Claude via the YouTube Summary tool, or export it as a timed subtitle file with YouTube to SRT. You can also re-open it in the transcriber to translate the transcript into 100+ languages.
Free YouTube transcript tool
YouTube2Text is a free YouTube transcript generator — no signup, no daily limit. Paste any YouTube link and get the full transcript instantly, with timestamps, click-to-jump, translation to 100+ languages, AI prompts for ChatGPT, Claude, and Gemini, and exports to TXT, SRT, VTT, or Markdown.