The Money Mindset That's Been Holding You Back (And How to Break Free) | Lewis Howes

6 Aug 2025 · 7 min

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In short

Podcast Episode Summary: The Daily Motivation

Episode Title

The Money Mindset That's Been Holding You Back (And How to Break Free)

Host

Lewis Howes

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Overview In this insightful episode, Lewis Howes delves into the often toxic beliefs surrounding money that hinder financial success. Drawing from over a decade of interviews with billionaires and millionaires, Lewis uncovers a fundamental truth: wealth can be a force for good, and giving is a key component of financial abundance.

Key Themes

  • The Power of Giving:
  • Wealthy individuals often attribute their financial success to their habit of giving more each year.
  • Giving can take many forms: money, time, value, presence, and connection.
  • Challenging Toxic Beliefs:
  • Many harbor the belief that being wealthy is inherently bad or that one must sacrifice financial success to be morally good.
  • Lewis emphasizes that this mindset is a limiting belief that can block financial flow and personal growth.
  • Peer Group Dynamics:
  • As individuals grow and succeed, their peer groups may not always be supportive, leading to feelings of guilt or isolation.
  • It’s essential to recognize that not everyone will celebrate your success, and that’s acceptable.
  • Spirituality and Abundance:
  • Lewis shares his discussions with Jay Shetty about the misconception that spirituality and wealth are mutually exclusive.
  • Making money can enhance one’s ability to serve and create positive change in the world.

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Key Takeaways

  • Money as a Tool for Good:
  • Accumulating wealth is not only acceptable but can enable individuals to make a more significant impact.
  • Financial resources can facilitate charitable giving, job creation, and community improvement.
  • Redefining Success:
  • Success should be viewed through a lens of contribution rather than guilt.
  • One does not need to live a poor lifestyle to be spiritual or morally upright.
  • Breaking Free from Limiting Beliefs:
  • A shift in mindset is necessary to embrace wealth without guilt.
  • Recognizing that financial abundance can coexist with personal values and ethics is crucial for growth.

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Actionable Insights

  • Reflect on Personal Beliefs:
  • Identify any limiting beliefs about money and success and challenge them.
  • Embrace Giving:
  • Find ways to give back to the community or support causes you care about, which can enhance your sense of fulfillment and attract more abundance.
  • Surround Yourself with Growth-Oriented Individuals:
  • Seek out peer groups that support your ambitions and celebrate your successes.
  • Educate Yourself:
  • Continue learning about financial management, investing, and wealth creation to empower yourself.

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Conclusion Lewis Howes encourages listeners to rethink their relationship with money and abandon the narrative that wealth and goodness cannot coexist. By embracing a mindset of abundance and generosity, individuals can unlock their potential for financial success and meaningful impact.

For further insights, listen to the full episode on [The School of Greatness](http://greatness.lnk.to/1804) and consider subscribing to the Greatness newsletter for more content.

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Related Links

  • [Make Money Easy Book](https://makemoneyeasybook.com)
  • [Greatness Newsletter](http://www.greatness.com/newsletter)
  • [Follow The Daily Motivation on Apple Podcasts and Spotify](#)

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Transcript

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

0:08I 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. I really think this is going to help you transform your relationship with money this moment moving forward. We have some big guests and content coming up. Make sure you're following and stay tuned to this episode of the Daily Motivation Show.

0:49Twelve and a half years of interviews on the School of Greatness. Some of the wealthiest people in the world that I've had on, billionaires, people have exited companies worth hundreds of millions of dollars and people that just continue to be money-making machines on this show. I asked so many of them this question when I'm sitting across them right here and I say, what is one of the keys to earning more in your business or in your personal income every single year over the last five, seven, 10, 20 years? And I'll sit down and I'll ask him and I'll say, what is one of the biggest reasons? And so many of them say, I give more every year.

1:29I give more of my money to causes that I care about, to my church, to people in need. I give more away. And it's one of the greatest gifts. Now, I'm not saying you have to give all your money away in order to make money, but so many of these wealthy individuals that I've had on say, one of the keys to making more is actually giving more. And that can be giving more value, giving more of your time, giving more resources, being more present, being more connected, being more curious, just giving more of you. It doesn't mean you have to give money, but giving more of you to add value to other people.

2:07That's one of the biggest things. You don't have to be bad to make money. Not all bad people who have money are bad people. They didn't do bad things. There's a lot of people who've made money who've done good. And so you have to flip that switch because if you believe and have a belief that people who've made a lot of money have done bad things, you're not going to align yourself with making more money. You'll be out of alignment because you don't want to be a bad person. So you want to be, you want to take the moral high ground and say, I want to be a good person. I don't want to hurt people.

2:38So you're blocking your ability to manifest more money, more relationships, more love, more freedom because you're blocking your financial flow. and not everyone is going to be happy for you. And that's okay. Again, sometimes when you start to accelerate and succeed and earn more, your peer group may not necessarily be on the same track as you. Leave a comment or like this video right now if you've experienced this, where maybe you've blown past your high school friend group, your college friend group, or your first career friend group and you're starting to accelerate. You're starting to add more value, overcome your fears, develop more skills.

3:22And you're seeing, oh, I'm getting raises. I'm making more money. I'm learning about money. I'm investing some of my money and I'm seeing that grow. And I'm starting to have different conversations because I'm learning and reading and I'm around people that are thinking differently than high school friends or college friends. It doesn't mean all your high school or college friends are bad or wrong or anything, but if they're not growing at the same speed as you, you just may be in a different perspective of life, that's all. It doesn't mean you can't still be friends with these people. It's just when you succeed, sometimes people around you are really happy for you.

3:55Sometimes people around you get jealous, get upset, get fearful, get offended, get afraid. And it doesn't mean they're wrong or bad for this. And it doesn't mean you're wrong or bad for wanting to accelerate your life and make more. But you just have to be aware of this. You're not a bad person by going off and chasing your dreams, chasing your goals, trying to earn more, trying to provide more for you and your family and create the life you want. I had, I do a series called Awkward Therapy with my friend Jay Shetty, who is a former monk who made no money for a number of years when he was living as a monk.

4:35And he used to have more of a limiting belief around money, thinking that in order to be spiritual, you have to be poor. You can't make money because you just have to live a spiritual life and just give and serve all day And you shouldn't have anything and I was like, you know I think that might be a limiting belief for you because if you're able to make more money You're able to make more good in the world, too You're gonna have more resources to be able to create more serve more you can hire more people you can impact Communities you can give more back to charities that you care about But if you have no money, no resources, and you're just living this poor life, how is that also teaching and embodying to others abundance?

5:18Just because you have spiritual abundance, but you're blocking abundance in other ways, means you're creating more stress as well. So I'm not saying you have to make money and have to create financial freedom for yourself. but if you're trying to make a bigger impact, a bigger change in humanity as well, money's a good thing. And if it's used for good, that's going to create more opportunities for you as well. So I want you guys to start shifting this narrative that people who've made a lot of money are bad, and they've done something wrong to get there, and I'm better because I live a, you know, poor lifestyle or something.

5:56You don't need to live that way.

6:03Thank 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 Podcasts 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.

6:53Again, have an amazing day and I'll see you tomorrow with another episode of the Daily Motivation Show.

From the publisher

My life-changing annual event, The Summit of Greatness, is happening September 12 & 13, 2025. Get your ticket today!

Check out the full episode: greatness.lnk.to/1804

"I give more every year. I give more of my money to causes that I care about, to my church, to people in need. I give more away and it's one of the greatest gifts." - Billionaire guests on School of Greatness

After 12 and a half years of sitting across from billionaires and millionaires, Lewis discovered something that completely flipped his understanding of wealth. The wealthiest people he's interviewed don't just hoard their money - they give more of it away each year. But here's where it gets deeper: most of us are unconsciously sabotaging our own financial success because we've bought into the toxic belief that rich people are inherently bad. We think that to be morally good, we must stay financially small. Lewis calls this out for what it is - a limiting belief that keeps us stuck and actually prevents us from making the positive impact we truly want to make in the world.

This isn't just feel-good theory; it's a fundamental shift in how you approach money, success, and your own worthiness. Lewis breaks down why your peer group might not celebrate your wins (and why that's okay), how spiritual people can embrace abundance without guilt, and why having more resources actually allows you to serve at a higher level. If you've ever felt guilty about wanting more money or success, this episode will challenge everything you thought you knew about wealth and goodness.

Sign up for the Greatness newsletter: http://www.greatness.com/newsletter


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