Lewis Howes: The REAL Reason You’re Struggling with Money

Introduction

In this tutorial, we'll explore the insights shared by Lewis Howes on how to overcome financial struggles and create lasting financial freedom. By implementing mindset shifts and daily habits, you can transform your relationship with money and develop a path toward financial success. This guide will break down the essential steps and principles discussed in the video.

Step 1: Identify the Core Money Mistakes

• Recognize the primary mistake many make: viewing money as something negative or a source of stress.
• Shift your mindset to see money as a tool for freedom and opportunity.
• Reflect on your current beliefs about money and how they may be limiting your financial growth.

Step 2: Start From Nothing

• Accept that many successful individuals started with little or no resources.
• Focus on the value you can create rather than the money you currently have.
• Set small, achievable financial goals to build confidence and momentum.

Step 3: Learn from Financial Mistakes

• Acknowledge your financial missteps without judgment; use them as learning opportunities.
• For example, Lewis shares his experience with a failed $120k crypto investment and how it taught him resilience.
• Document your financial mistakes and the lessons learned to avoid repeating them.

Step 4: Change Your Relationship with Money

• Implement three key changes:
  1. Practice Gratitude: Regularly express gratitude for what you have, which can shift your focus from scarcity to abundance.
  2. Set a Money Mission: Define what financial success means to you personally. This mission will guide your decisions and actions.
  3. Engage with Money as Energy: Understand that money is a form of energy that flows in and out of your life. Treat it with respect and intention.

Step 5: Develop Successful Money Habits

• Adopt two key habits of wealthy individuals:
  1. Invest in Yourself: Continuously seek knowledge and skills to enhance your earning potential.
  2. Create Multiple Income Streams: Explore various ways to generate income, including side hustles or investments.

Step 6: Give Generously

• Even when finances are tight, find ways to give back. This can be through time, resources, or support.
• Generosity can create a positive cycle of abundance and fulfillment.

Step 7: Address Common Fears

• Identify and confront three fears holding you back from financial success:
  1. Fear of failure
  2. Fear of judgment from others
  3. Fear of losing control
• Acknowledge these fears and develop strategies to overcome them through positive affirmations or mentorship.

Conclusion

Transforming your financial life requires both mindset shifts and actionable steps. By recognizing and addressing core money mistakes, adopting successful habits, and developing a generous spirit, you can pave the way to financial freedom. Start implementing these principles today and take control of your financial future. Consider exploring additional resources like Lewis Howes’ book "Make Money Easy" for further insights on achieving financial success.