Summary
Highlights
Many people struggle with money, regardless of income. Understanding your money personality style is key to improving your financial situation, analyzing your 'money story' helps give you a better sense of why you manage your money the way you do.
Lewis shares when he didn't know how to make money and was afraid of it and didn't think he was smart enough. He found mentors, learned about finance, and tried different paths to generate income. Reading 'The 4-Hour Workweek' unlocked new possibilities for him in the online marketing world.
Lewis shares he used to steal candy bars for about a year and a half and eventually stealing $25 from his dad's client which resulted in immense shame and a turning point. More recently, he made the mistake of investing $120,000 in a crypto scheme.
There are three keys to improve your relationship with money. First, know your money story. Second, reset your money mindset which is create a relationship with it. Third, prepare for more money.
Ask yourself what season of life you're in with your money, you need to create a meaningful Mission for yourself. Lewis has gone from wanting to leave his sister's couch to changing over 100 million lives a week.
The best money habit that can be practice is generosity and gratitude. The more you give, the more you receive. A lot of the wealthiest people give to charity because the amount they give directly correlates with them earning more. Another habit would be the ability to enroll others in your vision.
Lewis states that he invested in life insurance in his 20's for his family that he didn't have yet. Also, how he also has a fund that he puts money in every year to donate to non-profits.
Money doesn't need to be hard, you need to make money feel easy but there is not easy money. You can't invest in a quick scheme because that is the wrong path to choose from.
It is scary to take a drug in order to heal your problems because there is no quick fix. A drug that is a chemical compound is not able to fix years of trauma and pain and healing doesn't happen over night.
He feels the responsibility and the weight. He has the most money in his family so he is faced with people hiring team and all types of people asking for money.
Money doesn't have to be hard to attain. Learn to heal your wounds. Money is not just financial, its an emotional path to pursue.