Lewis Howes

That's an easier thing than learning how to day trade and going through a prop firm.

Yeah, it takes a lot of time.

And the truth is 97% of people do not profit if they stick with it for a year.

Really?

Day trading?

So the stats are sad.

You have a better shot making money with a multi-level marketing company than you do day trading.

Four in ten people have zero dollars in savings.

That one kind of shook me.

And it spoke to this idea that why are we going into crippling debt?

Because we don't have any money to pay for the thing.

And so there's this endless cycle.

It's a doom loop where I don't have the money, so I go into debt.

And then another thing happens and I have to keep going into debt because I wasn't able to save up because I was making the payments.

And that's how you get stuck in the cycle.

And I think if more people realize that your emergency fund is a never go into debt again insurance plan, they would make it a priority.

They would get rid of the debt, free themselves of those payments, stack the cash in a savings account, in a high-yield savings account, don't touch it.

It's a breaking case of emergency, not I want to go on the trip impulsively.

And if you did that, we would see such a shift in the economy when it comes to how stressed people are, how anxious they are, the kind of jobs they had to work, you know?

And that's the most heartbreaking call is when people are working because they have to and not because they want to.