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The School of Greatness

The Practical Guide To Making More Money in 2025

10 Jan 2025

Transcription

Full Episode

0.189 - 22.906 Lewis Howes

I have a brand new book called Make Money Easy. And if you're looking to create more financial freedom in your life, you want abundance in your life, and you want to stop making money hard in your life, but you want to make it easier, you want to make it flow, you want to feel abundant, then make sure to go to makemoneyeasybook.com right now and get yourself a copy.

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23.326 - 39.757 Lewis Howes

I really think this is going to help you transform your relationship with money and This moment moving forward. We have some big guests and content coming up. Make sure you're following and stay tuned to this episode on the School of Greatness.

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39.777 - 57.108 Lewis Howes

What would you say is the mindset that wealthy people have around making it and growing their money for them versus the mindset of people that stay stuck in not making it?

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57.947 - 88.595 Ray Dalio

Well, I want to distinguish there's big differences in opportunities. Yes. So let's say supposing you have two people of comparable opportunities. Yes. And then they were going to do that. Okay. The marshmallow test, as you know, apparently, is you take a kid and you say, okay, you can have one marshmallow now, or you could have two marshmallows in 15 minutes.

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88.975 - 124.911 Ray Dalio

If you don't eat the first one, yeah. If you don't eat the first one, right? Yep. Okay, once you start to realize that deferred gratification... is gonna make you better and so on. And you start to count and you say, like something like how many days, weeks, months or years can I live if I don't have money come in? And you start to focus in on that. That's the first step.

125.571 - 160.608 Ray Dalio

OK, like the marshmallow test. OK, so I want to save. You got to start there. Then if you do that, you're necessarily going to go save in what, and then you'll start to get exposure to how these things are different. Okay. Then you start to care, one of these and one of those, and you start to experience, and then you start to learn. And basically that's what makes the difference.

162.54 - 176.804 Lewis Howes

That's it. So first, having the ability to have delayed gratification, then obviously diving in, researching, testing and trying different things. But the more and more you can say you don't want something now for greater later is the essential key.

177.124 - 181.305 Ray Dalio

Well, and what it does then when it comes to the money, that means money.

181.945 - 182.125 Lewis Howes

Yeah.

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