Lewis Howes

He said, I've never heard of investing.

What is that?

I said, you know how to day trade, but you don't know what investing is?

And I said, if you delete the day trading app, I'll give you our budgeting app every dollar.

I will show you how to open a Roth IRA so that you're actually building for the future instead of speculating, hoping to make a buck.

And so that was, I feel like I did a good deed that day.

What's the difference between day trading and prediction markets?

You know, they're very similar in that they're both speculation.

You're just sort of fingers crossed.

It's gambling, but it's better branding.

I find day traders tend to be more sophisticated because it is more, you need to have more know-how.

Anybody can say, you know, what's going to happen on the news and what's going to happen?

Is this trade of Hormuz going to open this week?

Yes or no?

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.