Hi, my name is Lewis Howes and welcome to the Daily Motivation Show.

Do you think most millennials are dealing with right now the most when it comes to money?

They're not making enough money, actually.

That's the root of the problem.

And so maybe some people are overspending.

Maybe they need to learn more about investing. Fine, but those things are marginal, I think. If you have a lot of debt and you don't have high income, you can stop buying lattes, right? You can be frugal and never eat out and all this kind of stuff. And discipline your life. Yeah, it's not bad to do that. But are you going to solve the problem if you're $30,000 in debt or $50,000 in debt? They're also entering this job market, which is a lot different than a job market even just a generation ago or even a decade or two ago. That job market is not going to provide them with high paying jobs that will provide the security for a long period of time. So they have to do something for themselves. Why are they not high paying jobs out there for people that are just graduating? Because there's a lot of people just graduating. Right. Right. There's a lot of people just graduating. The world has changed. The economy has changed. It's not that there are no high paying jobs, that there are no good jobs, but I think job security has changed quite a bit. And so when I hear about millennials or Gen C being kind of, you know, there's a stereotype of like being unreliable or like disloyal and stuff, I think, well, they don't trust the system, right? Because the system has let them down. And they're the ones who have borrowed so much money because they're told this is what you have to do. You can't get any job without a college degree or without whatever the prerequisite it is. So they do that, but then they're entering a system that's not looking out for them. No wonder they're cynical and skeptical. But even though you're cynical and skeptical, you still have to solve the problem for yourself. What about with people that are like, well, I'm just not a money earner. I'm more of an artist. You know,

I'm more of a thinker, a planner, but I don't want to think about making more money. I don't have that skill sets. What can you do to learn how to earn? Get away from this model of quote unquote being an entrepreneur because a lot of people don't relate to that. They don't connect to that. They feel intimidated by that.

They watch shows, you know, Shark Tank, great show.

But it's all about essentially begging people for money. You know, it's like I need somebody else to come and give me their approval, you know, their investment, their capital. I can't succeed in my business without this investment. There's all kinds of people all over the world who aren't taking any capital. They're not going into debt, they're not, you know, spending on their credit cards. They're finding a way to, like, start their own little business. The first step is this skills inventory. What am I good at? What am I really skills inventory? Yeah. Not what am I passionate about. What am I good at? Everyone is an expert at something. That's what I believe. Everyone is an expert at something. Whether it's a hard skill, you know, like engineering or coding or something or could be like a soft skill, I think a 22 year old has a lot of life experience. And it's whatever they have learned through their education, whatever they've learned through their job, but also just in their life and like if they're playing destiny at night, whatever they do with their friends, whatever their friends are asking them about like they're an expert in something i really believe that yeah so there's there's got to be a way to like pull it out and transform and adapt it and the answer is not like go get your NBA right that's not the answer to spend two years more money to find more skills and to learn how to be a middle manager you know and a fortune 500 company which is that's what's going to show you how to do it.

If you've never made any money for yourself, it actually can be very empowering to make a small amount of money. It feels great. I mean, you know this, right? You make 50 bucks on a day. 100 bucks in a day. It's like you became an alchemist and you created something from nothing. Right. So you don't have to like do the MBA thing. You don't have to like create my company. It's not about your company. You need to make money.

Don't start a company. Don't worry about your company. You need to make money.

Don't start a company. Don't worry about a logo. Don't worry about a name. None of that stuff. Yeah. Just make money. Right. There's something you can do.

What do you think entrepreneurs and employers need to know about how to find the right talent that's coming out of school and how to inspire and empower them, just stay with them. Because I feel like a lot of people say, well, I'm hiring these young people, and then they just leave within a few months. I teach them, I train them, I educate them, I give them the skills, and they take it and they go somewhere else. I mean, I think, you know, the classic things about, like, being open to your employees, having your side hustle, like understanding why they're motivated, because people are motivated differently, creating some sense of mission. Like, we're doing this because. We're not just doing this because of a sales goal. Like, that's important in a business, of course. But we have the sales goal because this is how our company is trying to change people's lives. And the more resources as get, the more people will be able to help. I think just connecting to a sense of mission is always good. What do you think is the greatest skill for every entrepreneur or a side hustler? If they had no skills, like what's the skill that you should master today? Asking questions, asking like, what is that? You know, the daily annoyances that we encounter the the problems, the inefficiencies, you know, asking, like, what could be a different way to do this? What could be a better way to do this? And if you're annoyed by something, probably a lot of other people are annoyed by it too, you know, and so maybe also, I talked really about, like, focusing on skills more than passion. Maybe also thinking about what bothers you more than than what excites you is good. What bothers you about the world? Because people will pay for a solution of pain. Yes. Sometimes more than they will for pleasure. I think it's something that can be acquired, right? It's not like something that you go to school for, it's not something innate. Anybody who's listening or watching this, they've already kind of like raised their hand and said like i want to be great i want to be better than i am isn't that great in this

right like it's not meeting meeting some objective standard or threshold it's like to be better than

i am you can always be better no matter what you achieve it could always be something so how does someone

find the right mentor or advice when everyone's spreading advice online? Yeah. Well, when I say asking questions, I don't just mean asking questions of an expert, you know, Lewis, tell me how to do this. You can also be asking questions of yourself. You can, like, discoverability or reverse engineering something. You know, this thing didn't work. What's a better way it could work? You know, just thinking through steps and processes or even, it doesn't have to be

waiting for someone to bestow their knowledge from the mountaintop per se, you know.

And like for a lot of people, when they ask for advice, they're really asking for affirmation

as opposed to.

Yeah.

What do you think about this idea?

Your friends are like, what do you think about this idea? It's okay to know that about yourself and to know, actually, I think, I say that I want people to tell me what to do, but I know

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