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

What is the mindset that needs to change in people in order for their bank account to change?

Ooh. There's a lot of delayed gratification missing from today's culture, and it's not all your fault.

Like marketing, companies, technology, it all exists to create everything to be frictionless

so that your money passes through your fingers like sand.

And the problem is if you don't grab a hold of it and make a plan for it before the marketing companies do, it's over. It's game over. Your bank account's going to be back to zero and you're going to be paycheck to paycheck.

And here's what's crazy, Lewis. You would think, well, people who make more money, it's much easier for them.

I just saw a Goldman Sach study. 40% of people who make more money, it's much easier for them. I just saw a Goldman Sachs study.

40% of people who make over $500,000 are paycheck to paycheck. So it's not always the case that

you make more, you're just going to save more. If you don't get control of it, your lifestyle

creep will just rise up to meet you. You'll have a bigger car payment, a bigger house.

So 40% of people making over a half a million dollars a year are living paycheck to paycheck? They're broke. There's nothing left in the month after they make all of their payments. How is that possible? That's my question. Now, if you listen to the Ramsey show, you'll go, oh, I see how it's possible. They overextended themselves, over-leveraged, got way too big

of a house too soon because now you have to live a $500,000 lifestyle. There's expectations. You don't have to. Of course you don't have to. You got to buy the boat. Sarcasm, by the way. People watching are like, wow, this guy's an idiot. It's sarcasm. But there's expectations you put on yourself, expectations your people around you put on you, and a lot of them are

self-imposed, truthfully, because nobody... It's sarcasm, but there's expectations you put on yourself, expectations your people around

you put on you, and a lot of them are self-imposed, truthfully, because nobody really cares

how you live your life, what kind of car do you drive?

It's really just, how secure are you?

The more secure you are, the better your ability to build wealth.

It's insecure people who have the hardest time building

wealth because every dollar has to be spent flexing to look rich instead of becoming wealthy.

Wow, man. Would you say that emotionally immature people could make lots of money,

but they usually lose it all? Oh, I mean, Dave Ramsey would tell you that. He'll be the first

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