The Real Reason You're Broke (It Has Nothing to Do With Lattes) | Mrs. Dow Jones

The School of Greatness

Lewis Howes

Mindset, Relationships, Entrepreneurship, Mental Health, Education, Greatness, Fitness, Celebrity, Health, Inspiration, Success, Health & Fitness, Self-improvement, Business, Money, Self Care, Celebrity Interview

4.8 • 22K Ratings

🗓️ 13 May 2026

⏱️ 73 minutes

🔗️ Recording | iTunes | RSS

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Summary

Financial educator and author Haley Sacks, known as Mrs. Dow Jones and called the financial guru millennials listen to by The Wall Street Journal, joins Lewis Howes to discuss her book Future Rich Person: The New Rules for Building Wealth. This episode covers Sacks' three rules for building wealth (money mindset, action money, and securing the bag), her IBIZA money mindset program (Identify, Blame, Interrupt, Z, Action), the concept of learned financial helplessness, value-based spending, frictionless finance, compound interest and index fund investing, and the psychology behind why people look rich instead of building real wealth.

Transcript

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0:00.0	Money relationships are basically set by the time you're seven years old. If you're someone who's living with a lot of money shame, yeah, you're responsible for a lot of this, but there's also a lot of forces outside of you that are causing you to feel like this about your finances. And so the best thing that you can do is empower yourself financially so you can make your own money because that's going to let you be able to live your own life. The Wall Street Journal calls her the financial
0:25.0	guru millennials listen to. And she's a financial educator and author of the new book,
0:31.0	Future Rich Person, The New Rules for Building We Have the Inspiring Haley Sachs in the House.
0:36.6	We live in an age of frictionless finance, which is very dangerous because people use spending as a form of emotional regulation.
0:43.3	Right now, on our phones, it's never been easier to use Apple Pay like Apple Be Paying.
0:48.3	Not only that, we are the most advertised two generation ever.
0:52.3	Crazy, right?
0:53.3	Yeah. Our parents saw 500 ads a day. We see 5,000. 5,000 a day? Yeah. Oh, my gosh. It's so aspirational in our culture to spend money, show off how much money you have. But what about aspiring towards, like, maxing out your Walth IRA, towards negotiating your salary? I wanted it to feel fabulous. So I couldn't find that person, so I became her.
1:13.6	What is the biggest challenge they'll face
1:15.4	and the biggest opportunity they'll have as well in their favor?
1:18.7	So I would say...
1:22.9	What would you say are the three rules
1:26.0	to become a future rich person? So I would are the three rules to become a future rich person?
1:28.8	So I would say the three rules to become a future rich person, number one, you have to
1:35.7	figure out your money mindset.
1:37.8	And that is why the first chapter of the book is simply called Face It, because, you know, I can give you all of the financial
1:46.2	advice in the world, but none of it is going to stick. You're never going to make any actual
1:52.3	changes if you do not figure out the root of your relationship with money and then set up systems
1:59.7	and have awareness towards acting differently.
2:03.1	So that's really the first step.
2:05.6	And something you say around that, you say, when you lean into your biggest wound, that's
2:09.7	where the magic happens.
	...

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