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

When someone only wants brands and they're like, I cannot wear anything unless it's

designer name and it's showing it. What are they saying to the world, typically, if that's the case? Well, to me, this is a form of learned financial helplessness, which is when you feel like the system is so out to get you and there's no real opportunity to win. And so you start to prioritize things that don't

really matter because you're sort of looking for shortcuts and ways out versus actually understanding

that there's always still ways to win. You just need to find them. And so this could come as, you know, ignoring your bank statements, quiet quitting, I think is a really good example of learned financial helplessness.

Really?

But yeah, but, you know, where you sort of just give up.

You're like, well, you know, I shouldn't have to count on myself.

Like, it's, it's, you know, the shouldn't have to count on myself. Like, it's,

it's, you know, the people who are sort of like, we're on a spinning rock, the world is burning, or, you know, I see this a lot when I, uh, give projections for investments. So I'll talk

a lot about how important it is to start investing early. And if you invest at $25, $200 a month, $8 to 10% return, by the time that you are in your 60s, you will have over $700,000. Crazy, right? Which is so cool. $200 a month. $200 a month. At $25. Yep. And if you start at 35, that goes down.

By half at least. Yep. Exactly. But when I say that, there's always people in the comments

who are going to say, well, $700,000 by the time that I'm in my 60s isn't even going to matter.

Like, you know, inflation is so crazy.

And they're not wrong.

Since 2000, you know, price of living has gone up 67%. We just have increased 7%.

But if you don't invest anything and you have zero 65, you're screwed.

Exactly.

Then what do you do?

Exactly.

But that's learned, it's like this financial nihilism

where you just count yourself out. And that is something that's learned, it's like this financial nihilism where you just count yourself out. And that is

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