🔔 Subscribe for more great content: https://www.youtube.com/lewishowes ▶️ Recommended for you: https://youtu.be/vZx1LJdio14 Financial educator and author Haley Sacks, known as Mrs. Dow Jones and called the financial guru millennials listen to by The Wall Street Journal, joins Lewis Howes to discuss her book Future Rich Person: The New Rules for Building Wealth. This episode covers Sacks' three rules for building wealth (money mindset, action money, and securing the bag), her IBIZA money mindset program (Identify, Blame, Interrupt, Z, Action), the concept of learned financial helplessness, value-based spending, frictionless finance, compound interest and index fund investing, and the psychology behind why people look rich instead of building real wealth. Get your copy of Future Rich Person: The New Rules for Building Wealth https://amzn.to/4m6qL4G Financial Tea Podcast https://podlink.com/1860939850?utm_source=ig&utm_medium=social&utm_content=link_in_bio&fbclid=PAZXh0bgNhZW0CMTEAc3J0YwZhcHBfaWQMMjU2MjgxMDQwNTU4AAGnnUbmk5FBbx63743e0jEsh2NZDFYMtvMCXIar_kHFWO3EfyKrV-YxLrTT22U_aem_MKixC5cpZN04R86UXwoEgQ Haley on Instagram https://www.instagram.com/mrsdowjones/ Listen to this episode on the go! 🍎 Apple Podcasts: https://podcasts.apple.com/us/podcast/the-school-of-greatness/id596047499 🟢 Spotify: https://open.spotify.com/show/07GQhOZboEZOE1ysnFLipT?si=a03d916bade54d4f For more info about this episode, go to https://lewishowes.com/1927 💰 get my NEW YORK TIMES BESTSELLING book "Make Money Easy" today!https://lewishowes.com/moneyyou 📙 get my NEW YORK TIMES BESTSELLING book "The Greatness Mindset" today! https://lewishowes.com/gmyo 📤 sign up for my FREE newsletter https://lewishowes.com/greatnessdelivered Follow Lewis! Instagram: https://www.instagram.com/lewishowes/ Tiktok: https://www.tiktok.com/@lewis Facebook: https://www.facebook.com/lewishowes/ Twitter: https://twitter.com/LewisHowes 💻 Website: http://lewishowes.com/ 📲 For more Greatness text PODCAST to +1 (614) 350-3960 Get More Greatness! Greatness Clips: https://www.youtube.com/@GreatnessClips Spanish: https://www.youtube.com/@LewisHowesEspañol Portuguese: https://www.youtube.com/@LewisHowesPortugues Lewis Howes Shorts: https://www.youtube.com/@lewishowesshorts 00:00 - Introduction to the Financial Guru Haley Sacks 00:36 - The Dangers of Frictionless Finance & Emotional Spending 01:28 - Rule #1: Healing Your Money Mindset 02:27 - Rule #2: Utilizing Action Money to Grow Wealth 03:14 - The Trap of Financial Energy & "Latte Shaming" 05:54 - Looking Rich vs. Being Rich: The $30k Mistake 09:47 - Quality vs. Signaling: The Brand Name Trap 11:57 - Financial Nihilism & The True Cost of Waiting to Invest 13:36 - Luxury Resale & The Truth About Birkin Bag "Investments" 16:59 - Value-Based Spending: How to Cut Costs Without Deprivation 18:05 - The Janitor Who Died With $8 Million 20:00 - Why You Need a 401k Even in Your 20s 22:31 - Overcoming Money Shame & Reclaiming Your Value 24:41 - Family Secrecy & The Power of Financial Independence 28:09 - 3 Things Parents Should Teach Kids About Money 33:36 - Lessons from Old Wealth: Leveraging Debt Wisely 37:34 - Simple Investing: Why Average Returns Beat Chasing Risks 38:57 - The Strings Attached to Family Support 43:27 - Future-Proofing Your Career in the Age of AI 46:13 - Identifying Your Money Wounds & Finding Balance 51:21 - The ABIZA Framework for Financial Freedom 58:59 - How to Handle Stock Market Volatility & Emotions 01:10:50 - Haley's Three Truths: Rest, Giving, & Experiences This episode is brought to you by Apple & T-Mobile 5G Home Internet. T-Mobile.com/HomeInternet #greatness #inspiration #motivation