On Purpose with Jay Shetty - Jay Must-Listens: 3 Easy Money Habits That Will Change How You Save, Spend & Grow Your Money

Episode Date: December 10, 2025

Today, we will explore one of the most emotionally charged and misunderstood topics of our time: money. Not just how to make it, but how to build a healthy, grounded, and spiritually aligned relationship with it. You’ll hear raw insights from leaders like Scott Galloway, Jaspreet Singh, Codie Sanchez, and Lewis Howes, each offering a window into the habits, mindsets, and blind spots that keep us feeling financially stuck. From the shame many of us carry around saving to the ways our education system failed to prepare us, this episode reveals why so many people feel overwhelmed by finances and why that struggle is more normal and more solvable than we think. Scott Galloway explains why saving feels impossible today and why young people need discipline, forced systems, and a focus on building human capital. Jaspreet Singh breaks down the habits that keep people financially stuck, overspending, blind trust in the system, and not understanding how money works, and shares how he learned that real wealth comes from owning assets. Codie Sanchez simplifies the risk, reward equation, urges beginners to start with low-cost index funds, and reminds us that the highest-return investment is always in ourselves. Lewis Howes brings the spiritual side of money to life, showing how healing our relationship with money opens the door to abundance, gratitude, and new opportunities. In this episode, you'll learn: How to Build a Realistic Saving System How to Create Forced Savings That Actually Work How to Shift From Spending to Investing How to Break Free From the Poverty Mindset How to Build Wealth Through Equity, Not Salary How to Strengthen Your Relationship With Money You don’t need to have everything figured out to begin. You don’t need the perfect plan, perfect timing, or perfect background to build a healthier relationship with money. What matters is your willingness to learn, to question old patterns, and to try again even when things feel overwhelming. With Love and Gratitude, Jay Shetty. Join over 750,000 people to receive my most transformative wisdom directly in your inbox every single week with my free newsletter. Subscribe here. Check out our Apple subscription to unlock bonus content of On Purpose! https://lnk.to/JayShettyPodcast  What We Discuss: 00:00 Intro 00:55 Building a Framework for Realistic, Healthy Saving 06:19 Why Saving Feels Harder Than Ever 13:27 The Three Habits That Keep You in a Poverty Mindset 33:51 Why You Need Both Vision and Execution to Build Wealth 37:16 Why Investing in Yourself Comes First 41:07 Stocks and Bonds Explained Simply 43:52 Stepping Into the World of Private Investing 45:03 The #1 Shift That Can Transform Your Financial Future 48:36 Giving Yourself Permission to Explore Possibilities 54:53 How to Create a Respectful Relationship With Money 01:04:12 The Power of Living Beneath Your Means 01:06:54 The Hidden Costs of Chasing Easy Money  See omnystudio.com/listener for privacy information.

This is an I-Heart podcast. Guaranteed Human. Hey, I'm Cal Penn. And on my new podcast, here we go again. We'll take today's trends and headlines and ask, why does history keep repeating itself? Each week, I'm calling up my friends, like Bill Nye, Lily Singh, and Pete Buttigieg,

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I want to tell you about my new podcast called Not My Best Moment, where I talk to artists, athletes, entertainers, creators, friends, people I admire who have had massive success about their massive failures. What did they mess up on? What is their heartbreak? And what did they learn from you? I got judged, oh, horribly. The judges were like, you're trash.

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Listen to Work in Progress on America's number one podcast network, IHeart. Open your free IHeart Radio app, search Work in Progress, and listen now. How many of you would like to make more money this year? I'm guessing the answer is yes. All of us need to make more money to take care of the people we love, to build the dreams, and to build our life. But what happens when we're told to chase wealth, but never taught the rules of money? Nearly half of the adults in the United States grade their financial knowledge a C or worse.

Yet social media pushes get rich quick. True freedom isn't about hacks. It's about discipline, risk, and understanding money. The number one health and wellness podcast. Jay Shetty. Jay Shetty. The one, the only. Jay Shetty.

In this episode, you'll hear from financial experts who share lessons on saving, investing, and building wealth that serves your goals, not your impulses. Scott Galloway puts it simply, saving isn't about willpower. It starts with having something to save. Reclaiming just 8 to 10 hours a week from distractions like TikTok or gaming could shift your financial future. And discipline, it comes most easily from automation. Only 17% of Americans use automatic deposits or transfers to build savings, yet it's the most reliable way to grow wealth without relying on willpower. What I love about Scott's message is that he doesn't frame money as an overnight breakthrough. He frames it as an ongoing practice. Here are the key takeaways. Start small, automate it, let time do the

compounding. And remember, your early years are for workshopping. Don't expect perfection. Expect to keep showing up because it's not intensity, but consistency that builds true financial freedom. I was talking to my team about this before you came because I love getting into everyone's heads about. What's everyone worried about? What's everyone struggling with? What are we thinking about? And one of the big things that came up was, I don't know how to save. Like a lot of young people say this to me today. Like, I don't even know what saving means. anymore. They've not been trained in it. Their education system let them down. Maybe their parents keep saying save, save, save, save, but their consumption is high. If someone's thinking about saving

today, how do they create a framework for healthy and realistic saving? Well, the first thing, you have to have something to save. There's just no getting around it. You've got to be able to make money. And the best way to make a lot of money is by starting and making a little bit of money. I coach a lot of young men. And typically what I do on the first meeting is I tell them to unlock their phone and I say, I'm not going to judge you, you know, I'm on TikTok. I watch porn. I'm not, you know, I'm not easily offended here. And we're going to find eight to 10 hours a week out of your phone. And it's ridiculously easy with young men to find eight or 10 hours in their phone between Robin Hood, Twitter, what have you. And we reinvest it. And the first thing is

we got to figure out, okay, for me, it's physical fitness right away. We're going to spend two to four hours a week getting strong, especially I coach mostly young men. But I think one of the he's the mental health is feeling as if when you're a young man that you could walk into any room and if shit got real kill and eat everybody or outrun them. I think that should be your goal. I think it's instinctual. I think it'll make you feel strong. I think it'll make you feel kinder. The people who break up fights at bars are usually big strong men. The second thing, you have to start making some money. I don't care if it's flipping on your smartphone to be a lift driver or a task rabbit, going to CVS and stocking shelves. Even just a little bit of money gives you a taste

for the flesh of money and gets you thinking about different ways to make money. And capital and a capitalist society is intoxicating. So we have to figure out a way to start making some money. Once we start making some money and we have a salary and we work at an organization, 98% of people will spend everything that comes through their hands, right? You live in a society where there are the most impressive people and the most impressive technology ever in the history of our plans. have one mission and that's to figure out a way to present you with the ultimate offer at exactly

the right time oh heading to capo for a girls weekend wouldn't you like to upgrade from economy to economy comfort oh only two of these rooms left how about upgrade now to the special spa package oh you just bought a pair of on running shoes what about these bomba socks it is nearly impossible for a young person to save money if it comes through their hands if they get their hands on it. You want to figure out a forced savings. So everything from like the Acorns app that rounds up and puts the money automatically into a low-cost index fund, find out what government programs there are in your nation that where if you sign up, the money is taken out of your check. Maybe it's matched by the government. Maybe it's matched by your employer, 401k, IRA, Roth.

First thing you do, find someone smart at your company, talk to your tax advisor, go on AI and say what forced savings mechanisms are most tax advantage that I can participate in at an early age. Because you really just need to take somewhere between, call it, three and five percent of your income if you start when you're in your 20s. And in the UK, they round up from 4,000 pounds a year to 5,000. There are tax deferred programs here such that you don't get clipped 20, 30, 40 percent each year. So the first thing is, I got to start making some money. The next thing is, I'm going to lean into my advantage. Your advantage when you're young, everyone has capital. When you're young, you have more human capital. You have more time than financial capital. So I'm going to lean into

that advantage. And if I can just figure out the discipline of getting $1,000, $2,000, $5,000 a year into one of these programs, so I'm not going to touch it. I'm not going to think about it. I'm not going to trade. I'm going to focus on what I'm good at. By the time you're my age, you're going to be fine. But the easiest way to do that is a forced savings plan. You have agency. Make some and immediately, I don't care if it's, you start off making a couple grand a month as a task or whatever it might be, I'm going to take two or three percent of it and find a program such that it never gets into my hands and goes into a low-cost diversified index fund. One of the things I love you talk about in the book, the algebra of wealth, is you talk about

the challenge we have with our goals. The first is we set unrealistic goals and then they're super long term. So we say things to ourselves like, well, in the next 12 months, I'm going to save $12,000, and it's like we've never even saved $500. And you talk about this need to set a goal of like, this is how much I'm going to save this month. Like, this is where I'm going to start. And it's so interesting you talk about time and your work with young men because I think time is so interesting because I think today most people would rather finish their work day and we'd love to just switch on a show or doomscroll on TikTok. And so there is more.

time that could be engaged in creating other revenue streams, etc. But what is really blocking us from doing that? I think everyone knows they have time. They know they want to make more money, but there's something there that's just blocking us from getting activated. What have you found that is? So I can't speak for the whole population, but generally speaking, the lack of executive function is the part of the brain that controls that is the prefrontal cortex, the kind of gas on, gas off, the part of the brain that says stop playing video games and start studying, that is maturing later and later in boys. It's somewhere between 12 and 18 months behind a young women. So in many ways, a senior in high school, a woman who's applying to college and a young

man who's applying to college senior in high school, the woman is competing against a 16 and a half year old. And as a result, few and fewer men are going to college. And we're in an economy where 40 years ago, one and three jobs needed a college degree. Now it's two and three. Women are correctly and justifiably, especially young women, blowing by young men. They have more discipline. They have higher EQ. Quite frankly, they're just more mature. I say this in my own company.

I have a lot of young people, a disproportionate amount of young people in my organization. There's some very talented young men, but I would describe them kind of as dopey, almost a little boyish. I have some young women in my firm who could be the junior senator from Pennsylvania. Women are just maturing earlier. So there's certain biological things that get in the way of men having executive function. I also think that there's so much temptation. I think there's a little bit of belief of kind of yolo, you know, this is it, live for today. I also think it's harder for them to save just because everything's so goddamn expensive.

It's so it's discouraging for them. It's like, okay, I'm working my ass off and I can barely pay for my rent. So this is anecdotal evidence, but it largely represents the economy. When I got out of business school, the average salary was 100 grand. I went to, quote, unquote, elite business school. I went to the Haas school. The average house in San Francisco costs $280,000. So 2.8 times the MBA salary.

Now the kids at Haas, still in elite business school, incredible compensation. Average $200,000 right out of business school. But the average home in San Francisco is $2.1 million. Why? Because as soon as you have a house, you become very concerned with traffic, and you start showing up to local review means. and making sure no new housing is built, which is great if you already own a home,

going back to the rejectionist strategy, but it's almost impossible now. It's almost like saving for a home is out of my reach. The travel industry has boomed, and my thesis is that you have millions of young people who are going into their mating years and decided, let's save for a house, let's save for a house. Then pre-pandemic, a house is $290K.

Post-pandemic, it's $420. Interest rates from 3% to 7%, average mortgage went from 1,100 to 2,200, all of a sudden, the American dream has become a hallucination of fantasy. Again, I'm getting a backpack, and I'm going to do an Airbnb in Bangkok. And travel stocks, hotel stocks, airline stocks have all boom, because I think young people have given up on the American dream of owning a home. But circling back to your question, it's, I think, recognizing you have agency, realizing

that this is hard, it's hard work, you're working in an economy, build a kitchen cabinet to people who can advise you. It's very hard to read the label from inside of the bottle. You got to work hard. There's just no getting around it. I don't care how talented you are. Beyonce works their ass off. I mean,

it just people who want to be successful and influential have to work, work really hard. And then what I would also say is that forgive yourself. My first job out of college was investment banking. I hit the lottery. Everyone was super impressed. I hated it and I wasn't going to good at it. And within two and a half years, I was back living at home with my mother. unemployed. That almost kind of devastated to me. But my kind of success comes from my ability

to endure rejection and move through it, to mourn and move on. So if you're in your 20s and you're thinking, I'm not making a lot of money, I'm having trouble like having a nice life, I'm not entirely sure what I want to do, then you are exactly where you should be. Your 20s are for workshopping. Forgive yourself, but keep trying. Reach out to people for help. Show us. get the easy shit right show up early be courteous be kind you know think about how do i get more certification and then the moment you lock in on something that you're good at and could become great at go all in on it and i come from the attitude i'm assuming people want real economic security some people say scott i'm not like you i don't want to live to work i want to work to live

fine but have an honest conversation with yourself around what you need to make to have a reasonable life. If you want to live in LA and you want to have a nice lifestyle, you just have to make a shit ton of money. That's just the reality. But if you say, I'm not all about work, then fine. Do you want to move to Santa Clarita? Do you want to move to the Inland Empire? Do you want to move to somewhere in Oregon? Fine, but have a sober conversation with yourself. What are your expectations and realistically, what kind of commitment and tradeoff are you going to need to get there? What I tell young people is you can have it all. You just can't have it all at once. I have amazing. I have a balance right now. And looking around, I think you do. But that's because I had almost none

in my 20s and 30s. And I don't, you know, this whole life, I don't know much about you, but the life I lead now when I'm in L.A., I didn't even know what existed in my 20s because I'm like, I need to make money. And I'm not, I'm not exceptionally talented. So the thing I can control is how hard I work. And there's no getting around it. It'll cost you some relationships. It costs me my hair. It costs me my first marriage. And this sounds crass, but it was worth it. Because now that I have kids, now that I'm older, I have a lot of balance. So it's a sober conversation. It's a kitchen cabinet. It's forgiving yourself. It's trying to find something you're good at. It's a lot of things. More than anything, more than anything, forgive yourself. If things aren't working out in your

20s, boss, that's where you should be. Very rarely do people come right out of college. college and go like this. Yeah, so well said. So much to unpack there, Scott. And thank you for kind of giving us so many points to check with. Jaspreet Singh breaks down the three habits that keep people broke. He reminds us that saving alone won't make you wealthy. If inflation outpaces your interest, your savings lose value every day. That's why wealthy people don't just earn more. They own more. Jaspreet's first real estate investment taught him that wealth isn't built by climbing the corporate ladder, but by owning a piece of it. His challenge to all of us, learn how money moves, ask why, and focus on ownership over appearances. If you could tell me what are the three

habits that keep us in that poor or poverty mindset, as you said, and what are the healthy habits that bring us into the wealthy mindset? Sure. So the three, I think, biggest bad habits when it comes to money first probably the most obvious i will say is people following the two ss where you're spending or saving all of their money you'll never become wealthy if you do that number two would be you blindly follow the system without questioning the way the system works and number three is you don't understand how money works so if we start with number one the two ss save and spend now it's interesting if you look at the financial statements for the majority of people in America or even across the world, the way it looks is you make money, you pay taxes, you spend

money, and then you wonder where all your money went. Literally. And so people, the majority of people don't have any plan for their money. And that's why the majority people have little to no savings and the majority of Americans have little to no investments. Right now, about half of America has zero investments. And I'm talking about zero 401k, zero IRA, zero stock market. account zero real estate investments, zero gold investments, nothing. And then out of the next half of Americans that have an investment, only half of those have an investment outside of their 401k IRA. So you have a very small percent, about a quarter of America, working America, that's any investments on their own. When you go back to the saving and spending, we're in a spending

culture. America has a consumerism culture, and I joke about this, but the way I like to it is traditionally Indian people make a dollar to spend 20 cents. American people make a dollar to spend two dollars. Yeah. Thanks with the help of credit and minds of credit. This is just the culture that we're in where it's very okay and normalized to spend money even if you can't afford something. You don't have it. And what are you doing? Well, you're spending all your money making everybody else around you rich, but you yourself, you might look rich, but you're actually broke. There's a reason why the owner and CEO of Louis Vuitton is the richest person in the world where you're

versus the majority people who wear Louis Vuitton are broke. The people who are wearing Louis Vuitton are trying to look rich and how are you doing that? Well, you're making the owner of Louis Vuitton rich by doing that. And so this is where you got to understand, there's nothing wrong with wearing designer stuff. There's nothing wrong with having nice stuff. There's nothing wrong with wanting nice things.

But you have to be able to afford it first. I used to guest teach in Detroit Public Schools. And when I used to teach there, it's a rough school district. I would talk to the kids about life, you know, motivation and entrepreneurship and money and success. And one of the things that I would ask is how many of you have a job? Almost all of them raised their hand saying that they had a job. My next follow-up question was how many of you have a bank account? Nobody raised their hand. So I asked, you know, what do you

do with your paycheck? They said, well, we get a physical check. Then we go to the liquor store where you get it cashed. The liquor store owner takes one to 10 percent. Then you buy pop, candy, a bunch of junk on the way out. And by the time you're out of the store, you've already given away half of your paycheck. I call it a net zero thinking where we think in terms of spending. If I have $1,000, I can go out and buy this handbag, this nice thing. If I have 10 grand, I can go on this nice vacation. If I have 50 grand, I can go on and buy this nice car. We think in terms of spending because we think if I have this money, how can I spend it? Now, if you break away from that and now you start creating a buffer and you don't spend all of your money,

the next problem is we save our money. Because for me, the only financial education that I was given was save your money because if you're not spending it now you are building up a big bank account and if you have a big bank account you'll be wealthy but the reality is you will never be able to become wealthy through your savings your savings will never make you wealthy and if you don't believe me i'll give you just a mathematical term your savings right now are growing by essentially nothing but let's just say 1% and i'm being very very generous here if your savings grow by 1% and inflation is higher than 1% and We can see now inflation is extremely high, but even before the 2020 pandemic,

inflation was still higher than 1%. We were 2 or 3%. Inflation means that the value of your savings are dropping. So if inflation is higher than your savings, that means that your savings are losing value each and every day. Every day that you save your money in the bank, you are slowly becoming poorer each and every day, and most of us never see it happen. Now, this doesn't mean you shouldn't save any money. This just means you have to understand how to save your money strategically because wealth,

people do not want to save all their money. They want to save their money for an emergency, they save their money for an investment, or they save their money for a big purchase. If it doesn't fall into one of those three things, you don't want to save their money because now you're saving money, your savings are just making you poorer each and every day. This brings me to then the second aspect, which is blindly following and trusting the system. And this one was the most difficult one for me because growing up most of us myself included I was told that if you want to become successful go to school get good grades get a good job climb the corporate ladder for me it was go to school get good grades get into medical school become a doctor I know you've heard

several stories before yeah that was all that I was told since I was like a little baby my parents would tell everybody just believe that's going to become a doctor he's going to go out and do medicine and this and that. And that's what I was always told. And I was not really against it because I wanted to be successful. I saw how hard my parents worked since I was a kid. I always wanted to give back. And I was assumed that, okay, if I got good grades,

I'll get into a good medical school. And if I do good in medical school, I'll be able to get a good job as a doctor. And if I get a good job as a doctor, I'll be able to make more money. I thought it was all just linearly correlated. Your grades, your income, your grades, your success. That was one of the reasons why growing up,

anything that was not medical or academic related, it was completely discouraged. And sometimes I think it's very difficult for someone to understand what does it mean that like, you know, your parents really wanted you to be a doctor because it wasn't like an option. Like this was the only option. And I think the best example that I can give of that was when I was an eighth grade, I was like, you know, 12 years old. My parents got me a tutor, not for the English class that I was on the verge of failing, not for the other stuff that I was studying for an eighth grade, but for the medical college admission test. The test you take in college to get into medical school

my parents got me a tutor for when I was in 12th grade we didn't spend money on a lot of things the only thing that parents were willing to spend money on were things related to academics to get me into medical school and so here I'm in 12th grade I have an MCAT tutor coming to my house and he's like wait this is the kid that I'm teaching about medical school to get him into medical school

and like that's how strict it was in my house so I was checking all the boxes I was doing good in school I was studying hard I was getting good grades But then along the way, I realized that something wasn't adding up. When I was in high school, I was working at Indian weddings. I was playing a drum called the Toll. And I got to meet a lot of the local Indian DJs that work at Indian weddings. And we became friends.

And they would say, you know, you have a lot of friends in high school. How about we start hosting teen parties in high school? Now, I couldn't tell my parents this because, again, anything that's not, you know, medicine-related, going to give me into medical school, I can't tell them. So I would do this all on the side. going to work at weddings i had to kind of keep it all secret and i was like okay let's do it you know it was fun for me so i was 16 years old and i started hosting these teen parties at a local restaurant that just opened up and they wanted some exposure so they let us do it there for free and it was fun

but then i was like you know this is a hobby i'm going to go to college and i'm going to become a doctor and this is all going to become history well i go to college i'm 17 i don't know what to expect because my parents didn't go to university here and I think that everybody goes to college they spend their Friday nights in the chemistry lab they all want to become this big thing and they want to spend all their time studying in college and I get there and everybody

is partying, drinking, blowing money they don't have on all this stuff like I don't party, I don't drink, I never drank, I didn't smoke so for me it was like a big shock and I was like this is weird like this is not what I expected but I still need something

to do on Friday nights. So that entrepreneur side of my brain kicked in again. It was like, oh, let's bring this party business back to college because that's all I knew. So I was like, okay, so I'm 17. I started knocking on the doors of all the clubs, venues, bars, restaurants, asking them if I can host party here. And again, I'm not a party person. I don't drink. I don't smoke. But this was the only hustle that I knew and, you know, I just didn't know much else. So eventually I found a club that would work with me and they didn't want to charge me anything. they will let me work on essentially a commission basis that they'll take a percentage of the revenue that I bring in. And I said, okay, it doesn't cost me any money because I don't have a lot of

money. I started hosting these parties, but I still knew that this was just a hobby, something I'm doing because I was bored on weekends. Then I started studying to go into medical school. And this is where things really shifted because I had some cash saved up in the bank. And now this is like the bottom of the 2008 crash because I was in high school when the 2008 crash happened. Around 2012 was when I was studying for the MCAT so real estate prices are at rock bottom and the markets are still really shaky and i'm starting to study for the MCAT and i am bored out of my mind trying to study for this because i just wasn't very passionate about it and so during my breaks i would read business books and i would go on the yahoo finance and i would study what's going on to the markets just for fun

and i kept hearing about how real estate is at rock bottom on the news and the business books that i read always said that wealthy people invested in real estate. I had no idea what they meant. I didn't know any real estate investors. I didn't know what real estate investing was. I didn't have investor people in my family. So I didn't know what that meant. So I was like, well, if wealthy people invest in real estate, maybe I should invest in real estate. So I brought up the idea to my dad. I was like, dad, I want to invest in real estate. He's like, shut up. You're stupid. Go study and become a doctor. You can worry about all this other stuff after you become a doctor. I was like, okay. Now, I just want to say, you know, I love my dad to death.

My parents, this was just all they knew. They didn't have that financial education. But in the back of my mind, you know, I'm always like, you know, okay, what can I do? Maybe I don't got to tell my parents. I'll just do something else. I had a little bit of cash saved up in the bank from the party business that I was running. So I started looking at rental properties to buy. And I found this small condo on sale for $8,400.

That was the price of the condo. That's, wow. And that same condo a few years prior had sold for $150,000. So the 2008 crash really decimated the real estate market in Michigan because Ford GM Chrysler were just hit so hard. And so I was like, okay, well, this is not a bad price. I can afford this. I made an offer for $4,000 and it was in foreclosure.

The bank countered with $7,000. And then I said, how about we settle at $6,000? And we were trying to go back and forth. And then they said, well, we have another offer on the table. I didn't want to lose this deal because I already looked at a few. so I was like, okay, well, I'll make an offer for $8,000. So it was a bidding war. The other person offered less than $8,000, so I got the condo. So I bought the condo for $8,000, but a little bit of work into it. It was in pretty good shape, and I got it rented out for $600 a month. Now, I'm 19

years old, and I had no idea what I was doing, but all of a sudden, once I got it a little bit figured out, I was like, wait, this condo is paying me every single month, and I don't have to go and host a party. I don't got to go to work. I was working at Auntie Ann's Preci a little bit before that. I don't got to flip pretzels. I don't got to host this party. I don't got to work at a wedding. And it's paying me?

Something doesn't make sense. Like, how come I was never told about this? Like, I was doing good in school. Like, I thought it was, like, smart. I thought I knew what I was doing. Turns out that there's a whole world of financial education that were never taught. So now the traditional system is go to school,

study hard, get good grades, get a good job, climb the corporate ladder. And now I'm starting to realize, wait, there's a different system here than none of us are ever taught where the goal isn't to just get a job and climb the corporate ladder what wealthy people are doing is they're working to own the corporate ladder and I was like I didn't even know that you could do that because now if you can own investments if you can own assets

you own things that are going to be paying you without you having to physically work and this is what wealthy people are working for yet none of us are ever taught this none of us are ever taught in school how do you manage money none of us are ever taught how do you invest your money none of us are ever taught how do you build wealth

none of us ever taught how do you generate passive income yet wealthy people are teaching their kids this and they're able to figure it out because they have that education but for the majority of us we're not taught this

unless you're willing to go out of your way now YouTube has made it a lot more accessible thank God but before YouTube you had to go out of their way to read books and take classes and it's tough I mean it's much harder to read

300-page book than it is to watch a 10-minute YouTube video. Yeah, definitely. So that was a big turning factor for me because that's when I started to realize that there's something different that you can do. So the second habit that we talk about, you know, breaking away from that traditional system, asking the question why. And then the third thing is understanding what money is. And this is a very tough concept to understand. And I guess the best example that I can give with this is kind of going back to the traditional Indian culture. Because in India, it's a very common thing that when somebody has extra cash, extra rupees, they want to convert these rupees to gold. It's why in India a lot of gold is transacted during weddings because they want

to give money. And the way that they do that is through gold because inherently people understand that the rupee loses value. And I don't think that people understand the why or the ins and out. It's just normal. That's just the culture. So people take the cash and they buy gold. And the reason why now we need to understand this here in our culture is because when we think of money, there's two different aspects to it. There's a currency, which means something that we used to buy and sell things in exchange, and then there is the store of value. And many of us assume that our money is supposed to be a store of value, is supposed to keep its worth. But now because of the 2020 pandemic and the 2021 inflation and the 2022 inflation, we're seeing that, oh my God,

God, my savings don't buy me as much. My earnings are not stretching as far. And so we're starting to really realize here that maybe my dollars don't hold the same value. And so now it's understanding what is money. Well, there's two aspects. You have the currency aspect to buy and sell things. And then there's a store of value. What wealthy people understand is that money doesn't act as a very good store of value in today's day and age.

So you want to take your money and convert it to something that is a store of value. or maybe something that's actually going to produce you income. This is like something that's so important for everyone to understand. And what's interesting is my first video to go viral was back in 2016. And in that video on my Minority Mindset Channel, the reason why I think of when viral was because I talked about this whole idea of when you save all your cash in the bank, you're becoming poorer each and every day because back then inflation was between 2% and 3%

while your bank was paying you half a percent. So I said was, look, you're losing 2 to 3% of your cash is value every single day. So you need to do something with this money because your money is losing value. In 10 years, it's going to be worth less than it is today. Well, I didn't expect this 2020 pandemic to happen. I didn't expect all this craziness to happen. But now here we are with inflation significantly higher than 2 to 3%. And now people are really starting to understand that, whoa, what is my money?

And you have to be able to understand this because this is the, driving reason for why wealthy people don't want to save all their extra cash. You want to put your cash to work, which brings us now to the second side, right? What do wealthy people do? Well, the first thing, you have to understand how money plays a part in your life, like we discussed, right? How does money impact your life? That way, you don't go out and just start chasing money, because one of the things that I realized was I started making way more money when I stopped chasing money. Because when you're chasing money, you're chasing something that's illusory. It's just fake. It's just it doesn't even feel good. And you're not going to be able to put your full self into it.

But then the second thing on the more financial side is what do you do with that money? And one of the things that I realized is what wealthy people want is this thing called equity. And this is where you have a lot of benefits in America because you can't do this in a lot of countries. See, if you think about the traditional American dream, which is changing now, but the traditional American dream was you can work hard, buy a home, have a car. But the whole idea of buying a home, the reason why this was the American dream was because if you can buy a home, you can work over the years to pay it off, and now you have equity in your home, and now you have the sort of generational wealth that you can pass down. You have an asset. Well, that traditional American dream is now

an American nightmare, with the high cost of homeownership, with wages not keeping up with the cost of living. However, that doesn't mean that the American dream is dead. It's just changed. So what is this new idea of the American dream? Well, if you go back to the root core of equity, this is the real dream of wealth. And something that you can build for yourself and for your family and for generations is if you have equity. Now, how do I explain this? Well, if you think about any company, especially in a bigger company, it's easier to understand. There's two people, two types of people that are involved. You have the workers and you have the owners. The workers are working for a salary. You go to work every single day. You get a paycheck. You're getting a salary.

The owners of the company are not getting paid a salary. They're getting paid in profits. They want the company to make bigger profits so that they can make more money. Now, there is some overlap between the workers and the owners. If you are a founder, you're probably an owner as well. The CEO might have some ownership and some newer companies, you'll give equity to the workers as well. But when you have equity, you're getting the profits of a company. Everybody in America in this system needs to be a business owner if you want to become successful. Now, the one thing that I want to caveat that with is the majority of people should not try to start a business and the majority of people should not try to operate a business. Now, you might say, just said everybody should be a business

owner. How does that make any sense? Well, you can own a business without working for the business. And now this is the question of what are you doing with your salary? It's 5.23 p.m. One of your kids is asking for a snack. Another is building a fort out of your clean laundry and you're staring at a half empty fridge and thinking, what are we even going to eat tonight? Or you could just hello fresh. it. With over 80 recipes to choose from every week, including kid-friendly ones, even for picky eaters, you'll get fresh ingredients and easy step-by-step recipes delivered right to your door. No last-minute grocery runs. No, what do we even have fridge staring? And the best part, you're in total

control. Skip a week, pause anytime, pick what works for you. It's dinner on your terms. The kids can even help you cook. Yeah, it's going to be messy. But somehow, they tend to eat the vegetables they made themselves. Try Hellofresh today and get 50% off the first box with free shipping. Go to Hellofresh.com.combe, dinner 50. That's Hellofresh.ca promo code dinner 50. Hellofresh. Canada's number one meal kit delivery service. Hi, I'm Radhi Dvlukaya and I am the host of a really good cry podcast. This week, I am joined by Anna Runkle, also known as the crappy childhood fairy, a creator, teacher and guide helping people heal from the lasting emotional wounds of unsafe or chaotic childhoods.

We talk about how the things we went through when we were younger can still show up in our adult lives, in our relationships, our reactions, even in the way we feel in our own bodies. And Anna opens up about her own story, what helped her notice the patterns she was stuck in and how she slowly started teaching her body that it is safe now. So when I got attacked, it was very random. Four guys jumped out of a car and just started beating me and my friend. And they broke my jaw on my teeth. I was unconscious.

Then I woke up and I screamed. And I screamed because even though I didn't know who I was or where I was, something in me was just like, hold on, wait, they could kill me and I'm not going to let that happen. I'm not going to let that happen. I'm going to get through this. And I did. Listen to a really good cry on the IHeart Radio app, Apple Podcasts, or wherever you get your podcast. I'm Yvesa and I'm Maitego, Mr. Juan.

And on our podcast, Hungry for History, we mix two of our favorite things. Food and History. Ancient Athenians used to scratch names onto oyster shells, and they called these Ostercon, to vote politicians into exile. So our word ostracize is related to the word oyster. No way. Bring back the Ostercon. And because we've got a very Mikaasa esucasa kind of vibe on our show, friends always stop by. Pretty much every entry into this side of the planet was through the Gulf of Mexico.

America. No, the America. The Gulf of Mexico, continue to be forever and ever, it blows me away how progressive Mexico was in this moment.

They had land reform, they had labor rights, they had education rights. Mustard seeds were so valuable to the ancient Egyptians that they used to place them in their tombs for the afterlife.

Listen to Hungry for History as part of the My Cultura Podcast Network, available on the IHeart Radio app, Apple Podcasts, or wherever you get podcasts. Support for this podcast is brought to you by Walden University.

Ever catch yourself thinking, what if I could go after what I actually want and really make a difference? You're not alone, and that's exactly why I want to tell you about Walden University. For over 50 years, Walden has helped working adults, like you, get the W, with the knowledge and skills to build the future you want and make a difference where it matters most. If you've been waiting for the right moment, this is it. head to Waldenu.edu and take that first step. Walden University, set a course for change, certified to operate by Shev.

Cody Sanchez exposes a dangerous illusion. People looking wealthy, while secretly two-thirds of Americans live paid. to paycheck. Our feeds show luxury, but the reality is struggle. Most people don't fail or fall behind because their intentions are bad. They fail because they avoid risk. As Cody explains, our culture dodges rejection and failure, but in doing so, we also dods the chance to build lasting wealth. Cody's advice is refreshingly practical. If you don't have money yet, your first investment should be in yourself, your skills, your knowledge, your resilience. The roadmap is clear. invest in you, start simple with diversified index funds, move into private investments when you're

ready, and then build or buy a business of your own. Through it all, remember to not chase Instagram wealth. The real flex is peace of mind, freedom of time, and knowing your money is working for you instead of the other way around. If you want to make a lot of money in business, you also need somebody who, they call them the visionary, right? The person who has all the ideas, the crazy things. And then you have your execute. which is often called your implementer. And so if you only have vision, but you have no execution, you will fail and make no money.

If you only have execution, but you have no vision, you will play small games for life. And so there's a great book actually called, Have you read How to Make a Few Billion Dollars? No. It's a good book. It's by this guy, Brad Jacobs. If you could get him on the podcast, I will listen.

I've been trying to. I don't know if he's your style, but he's, well, actually, he might be. He was like, he's a multi-billionaire hedge fund manager and private equity investor. And he started off as a jazz musician. And that was going to be his calling. So he really likes dissident noises and like how do you pull things together and sort of make them play like a jazz musician. Anyway, he's bought all of these companies. He's massively successful. But he always talks about what makes a great deal. If you want to make a lot of money, you've got to pick the right deal. And there's sort of four types of deals. You could think about it like a quadrant.

You could have a low risk and you could also have a low reward deal. That's actually most deals in life, right? That's like stay in your same job, don't take risks, etc. The problem is you're not going to make much money. Then you have a high risk, high reward deal. Well, that could be like investing in an El Salvadoranian power plant. Okay, it's just so likely to fail that even though it's super high profit, we probably want to stay away from those. And then you have sort of the golden child, which is how can we have high reward, low risk? Well, not many of those exist, right? That would be a unicorn. So what we're really looking for is where is there a big, hairy problem that has the right amount of risk, and if we can find that, then we have profit. And so now they call it hair on a deal that's like, you know, investing in terms. You want to look for those hairy deals where you think, oh, that level of risk is manageable. And in our culture, for some reason, I think we've gone into risk off. Yeah. God, we don't even want the risk of asking somebody a question at a bar, you know, more or less starting a business.

And that's a problem. I mean, the SBA has fascinating data. Do you know there are more small businesses that close each year than open in the U.S. No way. More close than open. And so we have people taking way less risk than we think. And that means you'll never make as much money.

Am that crazy? Yeah. Let's talk about that in terms of investing. If someone's thinking that because exactly what you're talking about right now, this risk-reward profile, if someone has never invested in anything, they're working their job, they've got a little bit of money, maybe if they've got $1,000 to start thinking about investing, maybe they've got a bit more. Maybe they've been saving up and they're thinking that home that they want to buy is a long,

long, long, long, long way away, but they got a little bit. Where should they invest? If you have only a little bit of cash, the best returning asset class of all time is going to be you. put the money into you learning first before you go to invest. A lot of days, a lot of people these days will say, hey, it's Airbnb, hey, it's buying small businesses, hey, it's real estate. The highest performing asset class that you could ever have is you because you have unlimited upside and it compounds over time. And so if you don't have a lot of cash right now, bet on you first before you go bet on somebody in the S&P. Now, after that next amount, I believe, because I'm old school, I started at Vanguard, I believe if you're reasonable, you'll probably agree with me. Do we think that we're going to beat the best stock pickers in the world who obsess on this every single day? Are we going to beat the Titans of Industry with their technology? No. So that's why I always go for low cost, low movement, so they don't trade a lot, index funds. I worked at Vanguard. They have the best cost structure. So I throw things in the S&P 500 in a diversified portfolio at a company. How does someone do that? Someone who's

totally new to this. You go to Vanguard.com. You have no fees on their trading platform. my opinion, avoid anything where you're buying individual stocks when you don't know unless you're doing it purely for learning and you're okay with losing everything. And you go to vanguard.com and you select a diversified portfolio. It's cool too because they'll actually help you do it based on your age and based on how much risk you want to take. So they'll have a 60-40 portfolio, which is like 60% stocks and 40% bonds if you're our age, for instance. If somebody's a little younger, they'll go 80-20 because you should take more risk with stock. when you're young. So you can literally in one click get a diversified portfolio, and then you can add

to it. You could also use like a wealth front for that. What's a diverse portfolio for someone who doesn't know? That means that you never want to have all your eggs in one basket in anything in life, but certainly in investing. And so that means that they're going to give you stocks and bonds. It means they're going to give you emerging markets versus the U.S. So let's say India, China, Russia, Brazil, and the U.S. stock market. And it means that typically over time, you know, there's these charts you can see in finance where it kind of looks like a grid and on it are all of these different colors. And what do all the coverlers represent that have no pattern to it? Every single year looks different. They represent every asset class you could invest in, from bonds to

stocks to Chilean stocks to short-term money markets. And what you see over time is in every single market, everything moves. And so what you want to have is a portfolio that over time averages somewhere around 10%. That's the average cost of inflation, how your money, really, if you don't invest it, every single year that you don't invest, you lose money. Say you took a $100 bill right here and I had it right in front of me. And I looked at that bill since the beginning of the Federal Reserve, which is the government institute that mandates or manages all of our currency in the U.S. So if I go all the way back to the 70s and I look at it today, what do I see? I see that that $100 bill, if I just held it from then to now, is worth about $25 bucks.

It's not worth 100 anymore. Why? Because of inflation. And so if we don't invest our money and we stick it under our mattress, then sadly the government eats away at it every single year, both sides, politically agnostic. And so we got to make sure that we put our money somewhere. That's why the stock market over time is usually what most people do. Okay, it makes a lot of sense.

And what's the difference between a stock and a bond? Okay, so stocks and bonds, 101. I think about stocks like a ability for you to have future upside of a company. So you are betting in a way on a company. You're saying today, the price of Amazon is $10. I think in the future, the price of Amazon will be $15. I want to go for that ride. It's called upside return.

With a bond, what are you doing instead? You're saying, I actually want income. It's like a certificate. If I give you $100, I promise you, over the next five years, I'm going to give you $120 back. You're not going to make more if the bond that you invest in goes up or down in price. you're just going to clip coupons is what they're called. It used to be like that. So you're clipping the coupon.

And the reason we want both of those is because, again, you want when the stock market crashes, you want your bond to still be clipping those coupons, baby, still coming in. When the stock market's raging, you want to capture some of that upside. And that's how we play right there in the middle of investing. Is there a stage three? So we did stage one is you. Stage two is S&P. What's a stage three?

Stage three is private. So if you're a real pro and you want to go for 303 of investing, that's where we start to do private equity. That's just investing in those same companies, but instead of them being traded publicly, those companies are now held by private investors. They'll never trade on a stock exchange. That also includes things like you can have alternative investments. That might be investing in direct in real estate or investing in commodities, which would be like timber, right? You could bet on timber prices. That might be like, equity and options. I think this generation got a little crazy because they were the first generation to gamify stock market investing and make it seem fun as opposed to serious. And they were the first generation that got easy access to things like options and warrants. And that's really actually only for pros. So I think anybody who's trying to tell you how to day trade, anybody who's trying to tell you how to do options, that strategy, think about that. Like somebody trying to tell you, let me teach you over the course of a couple hours of me speaking to you how to cut open somebody's brain. We just wouldn't do that. This is for pros. And if you really want to

make real money, you don't do it by messing around at the margins of financial investing in my mind. You do it by becoming the company that they invest in, which is stage four. So that's when you're like, I buy the business outright. I raise money for my own business. And that's the next level of the game. That's so great. I love that step by step because I feel for so many people, it just feels like this unorganized, messy, wild, wild west. And now it's like, wait a minute, stage one, stage two, stage three, stage four. I love those. Going back to stage two of the S&P, what percentage of someone's income should they be looking to put into the S&P? There's lots of rules around this, but I believe in you pay yourself first, and you pay yourself first, what I mean is

you think about your investments just like you would a need, not a want. So every single month, I believe in automatic investing. I've done it my entire career. Vanguard taught me that. You get really lucky in finance. They teach you how to invest so that it becomes a habit, not a possibility. You don't wake up unless you're gross and not brush your teeth, right? You just brush your teeth because you're not gross. And so for investing, I think about it the same way. It's like you automatically set up your payments so a little bit goes every time. I believe you want to have at least 10% of the money that you make go into investing. There's lots of different rules. People could play it either way, but I think pay yourself first, because otherwise you'll never pay

yourself at all, and give yourself at least 10% because we want to beat inflation every single year. And if you do those two things, you are better than about 90% of people that don't do that. 10% off to tax. That's just such a great goal for people. And you start thinking about it and you go, oh, what am I spending dumb money on? What do you see people wasting money on? You know what the biggest thing is people waste money on looking rich instead of being rich. And that is a cultural phenomenon that I think is eroding our wealth as society. I mean, perfect example here. Coachella, we know, because we're on the inside, that the dirty secret of Coachella and everybody that you see on there is that most influencers are, one, paid to go, two, given free

tickets, three, flown out for free. Four, they actually have warehouses where you can pick out the clothes, because that part's expensive, and you get the clothes for free. Or if you're a real pro, pay you to wear the clothes and give you the clothes for free. And so this entire experience for the few who become, because we're all, we just desire what other people have, that's how humans are, they're not paying anything for a thing that costs thousands and thousands and thousands of dollars. Well, the problem is that the average Coachella main ticket holder, about 64% of them couldn't afford their ticket. So they had to do buy now, pay later options. This year, they offered buy now, pay later. And that is just for the ticket. That's not for the ticket. That's not for the

clothes, and that's not for the food, and that's not for the drinks. And so we are basically having credit card debt which lasts forever as a trade for Instagram posts, which lasts for a minute. And so the number one thing that you can do to change your financial future is to not buy into what you see on the internet everybody else doing, which is why I really respect what you do. And I try to do it online too. Sure, we have nice things now. Sometimes you'll catch it in places because I won't really tell. But you don't see me flashing nice watches. You don't see me having nice cars. You don't see me posting about private planes. Why? That's not really necessary. And all you are signaling is that that is what success is. That is not what success is. Those are

just accoutrements that could be fun if you're into it once you're rich. But I promise you, I've met so many unhappy mothers who have private jets. Yeah. No, and I really appreciate that you saying that because I think for me it was the same thing. I didn't, I never wanted, I mean, I started, I didn't have anything to show, but I didn't want someone to follow me for what I had. I wanted them to follow me for what I was saying and doing and living and that to me always felt like that means anyone could do it. And as soon as it became, and also it was never about getting the thing even for me. So if you make it about getting the thing, then the thing you do to get it, you don't love. Whereas my thing is I love the game. I love what I'm doing. And same as you

and it goes back to where we started where it's like, if you love the game, if you respect the rules, if you love what you do, then all of these things are a byproduct. They're wonderful, but they're never the goal, they're never the destination, they're never the thing that you wanted. That's not what drove you there. It's so true. And they'll all be taken from you at very points, you know. And so I think about it a little bit like beauty. You know, I'm getting older. And I've tried to, on the internet, never make it about how I look one way or the other. If I'm fit or not, if I'm in sexy outfits or not. Why? Because I'm going to get old. I know what the future looks like. And it's old and wrinkly and saggy tits and all the things, right? And that's cool. It doesn't matter.

And so if I can like prepare now that maybe people listen because I might have something valuable to say, they don't still have something valuable to say when I'm 80 as long as I'm still with it. And I think it's the same with stuff. You know, somebody could take that from you, but they cannot take ever. Nobody but God can take all the lessons that you've learned while running this business. Nobody but God could take the relationships that you've built from this business. But many things, including the market, could take everything that sits around us. And so I try to remember that so that I never anchor to it. It's 5.23 p.m. One of your kids is asking for a snack. Another is building a fort out of your

clean laundry. And you're staring at a half-empty fridge and thinking, what are we even going to eat tonight? Or you could just hello fresh it. With over 80 recipes to choose from every week, including kid-friendly ones, even for picky eaters, you'll get fresh ingredients and easy step-by-step recipes delivered right to your door. No, last-minute grocery runs.

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This week we had such a special guest on the podcast. My Forever Flotus, a mentor, a friend, a wife, a mother, an author, attorney, advocate, television producer, and now she adds podcast hosts to the list herself. Friends, Michelle Obama is here. Sophia, I'm beyond thrilled to be able to sit down and chat with you. We talk about it all. Life, love, motherhood, martini's. Vodka martini, dry, straight up, olives. Oh, olives.

Very cold. My girl. Barely any vermouth. What's next? What she's watching on TV? I am a white lotuser. I am a real housewives person. I love the dating shows. And tennis. I just find that to be a bit meditative. You do not want to miss this. Listen to work in progress on the IHeart radio app, Apple Podcasts, or wherever you get your podcasts. Hi, I'm Danny Shapiro, host of the hit podcast Family Secrets. We were in the car, like a rolling stone came on, and he said, there's a line in there about your mother.

And I said, what? What I would do if I didn't feel like I was being accepted is choose an identity that other people can't have. I knew something had happened to me in the middle of the night, but I couldn't hold on to what had happened. These are just a few of the moving and important stories I'll be holding space for on my upcoming 13th season of Family Secrets. Whether you've been on this journey with me from season one

or just joining the Family Secrets family, we're so happy to have you with us. I'll dive deep into the incredible power of secrets, the ones that shape our identities, test our relationships, and ultimately reveal who we truly are. Listen to Family Secrets on the IHeart Radio app, Apple Podcasts, or wherever you get your podcasts.

Want to make a real difference this giving season? This December on purpose is part of Pods, fight poverty. Podcasts teaming up to lift three villages in Rwanda out of extreme poverty. We're doing it through Give Directly, which sends cash straight to families so they can choose what they need most. Donate at GiveDirectly.org forward slash on purpose. First time gifts are matched, doubling your impact. Our goal is $1 million by year's end enough to lift 700 families out of poverty. Join us at give directly.org forward slash on purpose. When Lewis Howes joined me, he didn't talk about spreadsheets. He talked about experiments.

He challenged us to treat money like a relationship, set an intention, stay open to possibility and practice gratitude when it shows up. Even if it's just a penny on a subway step, he shares a simple practice, I'm a magnet for money, money comes to me abundantly and freely, not as magic thinking, but as a way to train your attention, to notice opportunities, receive them, and act. Lewis's message is simple. Treat money with respect, live beneath your means, and focus on really feeling abundant. That's true. wealth. Set intentions, do the work and don't chase easy money. Build skills, serve others, and let effort compound. When you heal your money wounds, you don't just attract opportunities. You're ready

to receive them. What do you have to say to people who are saying that you can manifest money? Do you agree with that idea of... It's an interesting story. I was in New York last week. And I said to myself, and I have a lot of these different exercises in games in the book, to just give people as social experiments. I think it's really powerful to give yourself experiment because I think when you experiment, you allow yourself to explore possibilities. And when you create an experiment for yourself, you allow for the idea of magic to enter your life. So I want you to just, as you're watching or listening, I want you to say, I allow for magic and abundance to manifest in my life. I'm going to create a possibility that this

can happen in my life. A moment, a synchronicity. Someone might call me out of the blue. Someone might hand me money randomly. I'm going to allow for this moment to happen and this magic to happen. So I said to myself, I want to follow my own practices, right? And I went to see our friend Mel Robbins in Boston and I was in New York for a few days. And I just said to myself, money comes to me abundantly and freely. In it, I see it everywhere. I just said this to myself every morning when I woke up and when I went out of the hotel, I said, money comes to me abundantly and freely and I see it everywhere. And I'm a magnet for money. I'm a magnet for money. kept saying this energy. I'm a magnate for money. I was just playful, this social experiment.

And when I was at Mel's, a penny dropped on the floor. Someone was carrying a box and a penny fell. And I said, oh, look, money comes to me. I see it everywhere. It was a penny. And there's a point to this story. And I pick it up and I say, Mel, do you want this? And she goes, no, it's yours. And I go, thank you. I receive. Because when I relax, I receive. And I'm a magnet for money. Even it was a penny, I could notice it. And I was like, all right, it came to me. See, here's a win. Here's a little win. let me do this again the next day i go to a new york city and i'm in the subway it's freezing right now in new york it's like 15 degrees and i'm just saying this to myself in the subway and as i get off the subway i go up the stairs and it's freaking filthy in the new york subway right and the stairs

are dirty and i see a penny heads up and i thought to myself this is filthy this is dirty it's not valuable it's not enough money i don't need to pick this up but i was like no i'm doing this experiment. Money comes to me abundantly and freely. I'm a magnet for money and I'm going to manifest money, right? And so I see it's heads up. I pick it up, put in my pocket. And I just say, thank you money for coming to me. The next day, I put it in my bedside table, I don't think anything of it. The next day I wake up and I look at this penny and I said, because I'm doing this experiment every day. I'm a magnet for money. Money comes from me abundantly and freely. And I look at it as a reminder, these two pennies. Look, this is a reminder that money came to me. Maybe it's not thousands

of dollars or millions of dollars. It's not something that magically right in here, but it's a reminder that something is possible. And I flipped over this one, no, I looked at the penny because it was heads up, and I noticed something. I go, oh, that's really interesting. It said in 1945 on this penny. That's an 80-year-old penny.

And I go, huh, that's unique. I haven't seen a penny that old in a long time. And I flip it over, and I notice something. And I get chills thinking about it. I notice it's a wheat penny. I don't know if you know what a wheat penny is. So a wheat penny looks different than a normal penny. It's got like two stalks of wheat on the outside of the penny.

It's this old penny. And I look it up and I Google 1945 wheat penny value. And one just sold, I kid you not. I get chills thinking about it. One just sold, guess for how much? I have no idea. $4,000. No way.

Online. One sold for $4,000. Now, it's all based on the condition and all these different things. Like, who knows, maybe it's worth $20. Maybe it's worth $5,000. Maybe it's worth $100. But the idea is that there was more value inside of that penny than what met the I originally. Yeah.

And the experiment of, let me be open to possibilities for money to come to me. And what I thought was two pennies might be $2,000. And all I had to do was be willing to look for it. Yeah. Be willing to pick it up and say, I receive, thank you. If I didn't look for, if I didn't set that intention, if I didn't see the possibilities in front of me, I may not have received that penny that could have would be worth thousands. And it's the same thing in life.

We may not see the opportunity in front of us right now. We may not reach out to the people that already know and say, hey, this is what I'm looking to create in my life. I have these skills. I have these talents. Is there anything that you need right now that I can be of service for you with? Yeah. And that's for that first year, how you created multiple six figures in that first.

year when you had nothing was reaching out to hundreds of people. That was you either setting the intention, seeing that there might be possibilities and doing the work to manifest hundreds of thousands that first six months. So by doing that effort, setting the intention by saying, I'm open to possibilities. I'm open to receiving opportunities that come to me, but I have to be willing to look for them. I have to be willing to ask for them. I have to be willing to put myself out there and receive and say, yes, thank you. I will do this work. And that's what I think people need to be thinking about. Can you manifest millions?

Yes, if you're willing to set a clear intention, if you're willing to reach out and say, here's what I'm willing to offer and add value in, I want to help you achieve these goals. You're creating more potential to manifest money. Yeah, I love that penny story because I'll tell you a bit about what I do, and I do a similar thing, and it comes from my tradition. Do you have a money mantra?

No, we don't say something, but I'll tell you about it. Yes. So there's a, so in our tradition, there's a god or a goddess for each aspect of society. Money. And so there is God, as in this, there's one God, but then there's loads of different gods for different departments of society.

Kind of like you have a president or a prime minister, and then you have like the cabinet and that... Who's the money god? So it's a goddess called Lakshmi. Luxemian. Yeah, and Lakshmi means wealth or fortune. It's like luxury almost, yeah. It's like Lakshmi, yeah.

Maybe that's where it comes from. Who does? But Lakshmi is the goddess of fortune or the goddess of wealth. and so you would never ever put your foot on a goddess. So whenever you're walking the streets and you see pennies around, you're never meant to just walk past them. You actually meant to pick them up

and put them to your head. So that's kind of like part of our culture. And so whenever I'm walking around the streets of New York or L.A., wherever I am or subways, I do the same thing. I'll always pick it up. And it's really funny because someone who's with me would be like, what are you doing? Like, you know, why are you doing that?

I'm like, because I'm showing respect. I'm actually showing respect to the goddess of fortune. So good, man. And so that's what it is. It's like I'm showing respect to the goddess of fortune by picking it up. And usually you give that money to charity or whatever it may be. It's not you're trying to keep on it. You may give it away, whatever.

But the point is you're saying I'm not disrespecting the goddess of fortune wherever I see. That's beautiful. Because I want to have a respectful relationship with money. I actually really love practices like that. Because I think it goes back to the point you're making that we have a relationship with everything. You have a relationship with your body. you have a relationship with your mind, you have a relationship with your partner,

and you have a relationship with money. And so speaking to money and speaking about money is something you have to do if you want to love that thing and you want it to love you back. If you never talk about your partner and you never talk to your partner,

how are they going to love you and how are you going to love them? Imagine you're, you know, Roddy, for the next month, you never say thank you. Yeah. You never look her in the eyes. You never speak to her. You avoid her constantly.

Imagine like your relationship's going to suffer. You know, I'm sure you guys will figure it out, but imagine that's a lifetime of a relationship. It cannot survive. And here's a great question that I want everyone to ask themselves in another exercise that I want everyone to think about right now, whether you're watching or listening. I want you to comment on the YouTube below what opened up for you during this moment. And I'm going to give you the exercise, Jay. So imagine this door opens and it's a person. And this person is money.

It's the idea of money, it's a person that walks in, right, is money. And could you, as an example for people to imagine this as well, what does that person look like when they come in? What would you do? What would you say or not say? Could you share kind of what that would be like for you? Money, a person walks in, they are money. They are the representation of your relationship with money.

How would you show up and react? So in our culture, because it would be Lakshmi walking and I'll show you a visual of her afterwards, you would actually bow down. Like you'd have that and that's a sign of respect, not a sign of surrender or subjugation, but a sign of respect, like you'd bow.

You'd offer her whatever she wanted, like you'd be like, what do you need? Like what would you like a place to sit? Kind of like a guest in your home. Like a generous host. You treat them like a guest in your home. Yeah, like what would you like? Can I get you somebody to drink?

You know, whatever it may be. obviously she's a goddess she don't need anything but the point is that's how the hospitality would still be carried through that's cool and then you'd thank her as well like there you'd start every connection with a with a god or a goddess with gratitude so that'd be like a genuine appreciation and an ability to share how you feel like I think being vulnerable and saying hey like it's been really tough this month like I'm really struggling right now like this is what I'm going through yeah I need your help like a prayer almost interesting of sorts That's beautiful. And I've been asking a lot of people this. And so I love to hear people's responses and be honest in the YouTube comments below of your relationship with money. I asked someone close to me, someone younger, probably in the late 20s. I asked them, you know, if money walked in and you were at a party, how would you respond? And they said, I would run to the bar. I would not make eye contact. I would gossip behind their back to other people there about money. I would look down at them. But then I would use them.

abuse them because I would really need money and I would ghost them afterwards. And I go, wow. And they were like, yeah, I know, it's really bad. But they were being honest. So I want people to be honest. Like, what is your relationship with money? And just imagine if you were money and someone treated you that way. If they wanted to look at you, they avoid you, they speak poorly behind your back, they would use and abuse you when they wanted you and then they ghost you when they didn't want to talk to you. Do you think money would want to keep showing up in your life if they were a person? Yeah, definitely. If they were a person, would they want to be in your life?

Or would they feel, this isn't a good relationship for me? And your show is all about helping people get healed, healthy, and whole. And if you want to create a richer, more abundant life, you have to create a healthy relationship with money in your life. And look at it as if this was a love of my life, not in a worshiping, like, I worship it no matter what, but more of like, this is a bit like a person that I love. and I want to treat them with care. I want to be a great host.

How can I show up? And it doesn't mean it's always going to be perfect, but how can I show up and be generous, be kind, be patient, listen, be aware, and be of service to it. Yeah, I don't make a huge difference. Huge difference. I'm not saying you haven't had a beautiful,

abundant, peaceful life as well with money, but I would bet to say that you've also experienced stress and overwhelm with money more than having no money. And a lot of people get blocked because they know that like, oh, more money, more problems. This is another like money lie, right? Or money like wound that people might have. Like, I don't want to make more money because I see people who do have money.

They're constantly stressed. They're not generous with it. They're stingy. They don't even tip at all. They're even more stingy with it. And they have it. So what's the point of having it if they're not generous? I don't want to be like that.

And there can be money traps or money wounds when you have money if you haven't learned how to heal that relationship. And so it's learning how to heal the relationship so that when you grow your net worth, you also increase your self-worth inside and feel peaceful about it. You expand your nervous system, your container to receive abundantly so that it's not scary. It's not stressful. You can receive more and you can give more because you know that the more you relax, the more you receive. And when you give, it's going to come back in some way. I struggled with that.

My first six, seven, eight years of making money, I hoarded money because I was afraid to go broke again. And it limited me in certain ways, and it made me feel stressful. And it made me feel like people were trying to take advantage for me and take my money. It doesn't feel rich, having money and living in scarcity still. There was a beautiful thing that we'd always repeat in the monastery.

It was like, God doesn't see what you give. God sees what you hold back. And so there's not this, you know, because we can sometimes become egotistical. about how much we give. And it's like, well, you got one hand behind your back. And you just made that point. It's that it's that pinch.

It's that, are you giving where there's a challenge to give? Yeah. Because that's where we're healing. You can get really egotistical. Like, hey, if you were worth a billion and you signed a million dollar check, like I know people that are making three million in interest a day. Like, so you writing a million dollar check is not the same. This also applies when you have very little.

So my parents who didn't make a lot, when they were giving it felt like a lot it felt like a lot and so like what we're saying is that that this thought of being a giver has to be called to us

you know my dad was a lot like that too he had strangers knocking on the door that somehow convinced him to to stay with us for like three months in the summer who were and he just opened his doors and said yes like okay and so

he was just like your parents like okay you need a place to stay for a week a month two months cool we'll figure it out we'll feed you we'll do this as long as we feel like you're doing something good and we're trying to support you and i think it's it don't have to give money to feel rich yes you can be vander you generous with your time with your resources in other ways with your food it's like you can give in other ways and create a richness of life and that's the key is to feel rich and abundant and free and if you feel that when you start making money you're going to continue to feel

free. The biggest trap is when you feel scarce and you start making money and you still feel trapped. You still don't feel free. That isn't even greater prison in my mind that you're living in scarcity when you have money. I mean, there's so many people right now that have the pressure to save money because we've been talking about making money. Yes. But there's this pressure to save money and how do you find that balance between spending comfortably if you have the ability versus like saving for your future or your family. How do you think about that version? Well, I think when you can live beneath your means

and feel abundant, you've won. So when you live beneath your means and you don't need extra stuff, you've won. I just watched The Count of Monte Cristo the other nights. It's an incredible movie of a guy who has nothing who was born by, you know, back in the, I don't know, 1700s or something,

it's a period piece. He was born of like a close. clerk, a guy who makes no money, and his friend was born of like some general who had a lot of money or something. And this poor kid that grew up friends didn't have anything, but he had the world. He had no money, no possessions, but he just approached life. It was like, man, but here's a piece of string. Here's a rock that I can play with. Like, I can just imagine the beauty of the world, and he appreciated everything, even though he had no money. And I think, in some ways it's so hard to look at that when we see Instagram and TikTok where everyone has

things. That's the hard part. Yeah. When you see everyone else having fun with money and going on that trip with their girlfriends or buying that expensive car to show up to their guy friends or getting the nice watches or having the cool shoes and you're thinking, oh, if I could really have money, then I could have these things that would make me feel cool or feel better. But if we can approach life and just be like, man, life is so good with what. I have. That is true wealth. That is true abundance and happiness. And it doesn't mean you shouldn't strive to create more if you want more. If you want to have nice shoes or a nice watch, cool. You've got to learn how to make money. And you want to learn how to make money easy,

not make money hard. And that is a process in developing these skills, these talents within you and seeing how you can monetize those skills. And I'm not saying don't splurge on certain things if you want to, but you have to understand the consequences. If you're going to splurge on something to have fun with friends or go on trips and spend this money that you maybe don't have, just know there might be a consequence to that later. If you have to use a credit card, you have to pay that debt with interest later. So just know there's a cost to splurging or spending when you don't have it. I'm a big fan of saving and investing so that you can have freedom in the future and feel rich continually and not needing to buy things to feel richer.

Yeah. What about this idea of, I want to make money quick? Like, I just want to make a million dollars in a week. I want to find that hack that solves my money problems. Like, what's your take on that? Is that possible? I've got money wounds, and it's because I wanted to make easy money in my past, not make money easy.

And I don't know anyone that doesn't want to make easy money. like our ego wants it to come to us now and when to find the quick hack or the quick investment that's got a 10x in two months sure there's always outliers that figure out a way to do that but every time I've tried to do that I've lost my money and it's been painful and I'm like okay I think I've learned that lesson but here's this new like quick easy money opportunity and every time I do it again I'm like what was I thinking you see that others act like there's a way to do it so easy. If you just invest in crypto, if you just invest in this, if you just do this thing, you're going to make quick and easy money. I don't know anyone who's made hundreds of

millions, millions, or billions who's lived that way. They might have invested and gone all in on one business and created generational wealth. Or maybe they went all in on investing in one main stock that ended up 10 or 20xing over time. But going to quick make easy money way, doesn't usually work, and it's painful lessons you have to live afterwards. True financial freedom starts with intention, not willpower. You can't invest what you don't earn, and you can't grow what you don't plan. Real wealth isn't in cars or vacations. It's in building a life where the rest comes without fear.

Get clear on your goals, build systems to support them, and let learning guide you. Financial peace isn't luck. It's the result of choices repeated over time. And if this episode helped you rethink your relationship with money, share it with someone who's ready to start building wealth with intention and strategy from the inside out. If this is the year that you're trying to get creative, you're trying to build more,

I need you to listen to this episode with Rick Rubin on how to break into your most creative self, how to use unconventional methods that lead to success, and the secret to genuinely loving what you do. If you're trying to find your passion and your lane, Rick Rubin's episode is the one for you. Just because I like it, that doesn't give it any value. Like, as an artist, if you like it, that's all of the value.

That's the success comes when you say, I like this enough for other people to see it. No one is harmed, no death, no trauma, just a few cells grown in a dish. This is David Eagleman from the Inner Cosmos podcast, and this week we're tackling a tough question where brain science meets the future. Lab-grown meat is going to force us to confront the boundaries of our ethics. And what does this have to do with brain plasticity, social belonging, messed up boundaries between mental categories? What does this uncover about brain science and our calculations of morality? Listen to Inner Cosmos on the IHeart Radio app, Apple Podcasts, or wherever you get your podcasts.

I'm I'm Yvalongoria. And I'm Maitegames Gron, and this week on our podcast, Hungry for History, we talk oysters, plus the Mianbi Chief stops by. If you're not an oyster lover, don't even talk to me. Ancient Athenians used to scratch names onto oyster shells to vote politicians into exile. So our word ostracize is related to the word oyster. No way. Bring back the OsterCon.

Listen to Hungry for History on the IHeart Radio app, Apple Podcasts, or wherever you get your podcasts. What do you get when you mix 1950s Hollywood? a Cuban musician with a dream and one of the most iconic sitcoms of all time. You get Desi Arness on the podcast starring Desi Arnaz and Wilmer Valderrama. I'll take you in a journey to Desi's life, how

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