Breaking Free from Generational Money Trauma | Jaspreet Singh EP 810

0:00Hi, my name is Lewis Howes and welcome to the Daily Motivation Show.

0:12I think rich, I can take the right actions and have the right outcome, but that's a lie. Because what you'll realize, many of us have this, is in the back of our minds, you might have this little voice saying, I know this is not true. So you can sit there and say, I'm going to grow rich and try to manifest this wealth. I'm going to grow rich. I'm going to become wealthy. money is going to fall into my laps. But it won't happen if that voice in the back of your mind is saying, I know I'm just doing this so I can have this outcome. I don't know if it's true. Somebody like me can't become wealthy.

0:46Somebody that looks like me can't actually do it. Somebody from my background, somebody with my upbringing, somebody with whatever circumstances I have can't do it. And when you have that back of that mind thought, it doesn't matter what you're thinking. You're trying to just, you're trying to outspeak your mind. It doesn't work like that. Your mind and your words and your actions need to be in congruency and alignment. Right. And that's where we need to go one step back, where we talked about, we want this outcome. You need to take an action to have that outcome. You need to have a thought to have that action.

1:19But what's before the thought? I call this your subconscious or your pre-thought, where this is now really getting into your true beliefs, not just your thought, your true subconscious beliefs. And that's what you have to work on first. That way you can actually think the right thing so you can have the right outcomes. Because what ends up happening, if you're just thinking this with the frontal part of your mind, and I don't know which part of your brain does this, I'm just saying this. If you're just thinking this, but you really know deep down that money is evil, money is bad, I can't become wealthy, you're never going to actually achieve the outcome that you want, which is why you have to start with really that deep understanding of your relationship with money and why you have that.

2:01Because the real reason why generation or poverty is generational isn't because of the circumstances that you're dealt with externally. It's because you grew up being told, we can't have this. We can't afford nice things. We don't have money for this. We're not rich like them. Rich people are evil. When you grow up hearing this, you grow up living life thinking this is true. believing it. You believe it. And why wouldn't you? That's what you were told. Everybody around you said that. People in your school probably said the same thing. You live this life thinking that, you know, money is limited.

2:36It is taboo. It is bad. And we can't have nice things because we're not rich. Okay, no big deal. That's what's normal. Now you grow older, you get a job, maybe you're making some decent money, but you're going to have the same money beliefs. and then maybe you start having kids. I know your kids want to have the nice PS4, 5, 6, whatever we're on. Now, what do you say? Oh, we can't afford that. We can't afford the nice things. We don't have money for that. That's for rich people. We're not rich. It's now that starts to get passed down. And this is where now the first step, but we've talked about this many times, the first step to building wealth is to start with the money mindset, the beliefs that you have around money and understand, number one, that you can become wealthy.

3:23Not just that you can become wealthy, you will become wealthy. And that money is abundant. There's a lot of money in the world. When people start to enter this financial education space, we start to assume that if you're rich, I can't be rich. If you have money, I can't have money. So it starts to create that jealousy or just this negative association with, oh my God, I don't want to tell you my business idea because what if you steal it and take my money? Well, both of us can have money because there's a lot of money in the world. If you look at it from a financial perspective, the better reserve bank is printing trillions and trillions of dollars.

3:58There's a lot of money out there. You just need a small sliver of it and you can have millions and live a life of true financial freedom. And not just that, understanding that money is a tool. Because the reason why we put these smoke screens around money, that money's bad, it's taboo, it's evil, is because many times people are insecure about their own money. and so when I can't go out and buy the nice vacation for my kids I can't buy my husband that thing that he wants I can't buy my wife that YSL or Gucci purse that she wants I can't go on the nice vacations well you know money is bad we shouldn't stress about money it's it it's these stupid vacations we don't need those we can enjoy our time here it's such a scam to go out there and sit on an all-inclusive beach and have food delivered to you.

4:44We start to create these smoke screens where, oh, why would anybody want to have an expensive car like that? Why would anybody want to have these nice and expensive things? Judging people who have money. Yeah. And so now it's, you know what, if you don't want it, that's completely fine, but make sure you can afford it. And understanding now, money is not going to make you a good person. It's also not going to make you a bad person. It's just a piece of paper. It's fuel. It amplifies who you are. When you have more of that money, you can do more of the things that money can buy. One of those things is have freedom, have options.

5:18Options to choose what you want to buy, options to choose where you want to eat, options to choose when you want to go on vacation, not just can you go on vacation, and options to choose how you want to live your life. And not just that, unfortunately or fortunately, depending on how you look at it, it also can influence what type of health care you can get, what type of health care your parents can get, what type of health care your kids can get, what type of college your kids can go to, what type of education your kids can go to. It matters. And so now at the end of the day, you can hate it or you can understand it.

5:49And so we create these smoke screens without really understanding how money plays a part in our life. Because at the end of the day, money talks. And the people who have money will get to be able to live that freedom. And the people who don't, you become subservient to the people who have money. And I don't say that to be mean. I say this to be factual. facts. Yeah. What I'm hearing you say is if every individual watching or listening does not take 100 % responsibility for their beliefs around money, they will pass on generational money traumas to their children or the people around them because they'll be speaking beliefs that are limiting instead of abundant.

6:36Absolutely.

6:45Thank you so much for listening to today's episode of The Daily Motivation, and I hope you have an amazing rest of your day. If you enjoyed this episode, make sure to click the link in the description. That will take you to the full episode of our main podcast on The School of Greatness. And if you are loving The Daily Motivation, please follow us over on Apple Podcasts and Spotify and leave us a review over on Apple podcast right now. And if you want more exclusive content and ad free listening experience, make sure to subscribe to our greatness plus channel on Apple podcast right now. And if you want to get even more inspiration from our world-class guests and learn how to improve your life and take it to the next level, then make sure to sign up for the greatness newsletter and get it delivered right to your inbox over at greatness.com slash newsletter.

7:35Again, have an amazing day and I'll see you tomorrow with another episode of the Daily Motivation Show.