The School of Greatness
How To Heal Your Relationship With Money To Create More Abundance
Fri, 7 Feb 2025
I'm going on tour! Come see The School of Greatness LIVE in person!Get my new book Make Money Easy here!Three financial titans reveal the hidden truths about building lasting wealth that most people miss. Anthony O'Neal shares raw insights around his journey from homelessness to awakening others about toxic money beliefs. Dave Ramsey dismantles the surprising connection between marriage success and wealth creation, while Kevin O'Leary ("Mr. Wonderful") flips the script on risk-taking - exposing why truly wealthy people are often the most conservative investors. Through stories of failure, redemption, and hard-won wisdom, these masters of money illuminate an unexpected path to abundance: one built on character, relationships, and the courage to think differently about wealth.In this episode you will learn:Why wealthy people are often more conservative with risk than you might expectThe three critical money conversations every couple needs to have before marriageHow giving and generosity correlate with long-term financial successWhy failed entrepreneurs often make better investments than first-time foundersThe three qualities Kevin O'Leary looks for in every business investmentDave Ramsey's infinity loop between marriage quality and wealth buildingFor more information go to https://www.lewishowes.com/1730For more Greatness text PODCAST to +1 (614) 350-3960More SOG episodes we think you’ll love:Anthony O'Neal – greatness.lnk.to/1222SCDave Ramsey – greatness.lnk.to/1415SCKevin O'Leary – greatness.lnk.to/1076SC Get more from Lewis! Get my New York Times Bestselling book, Make Money Easy!Get The Greatness Mindset audiobook on SpotifyText Lewis AIYouTubeInstagramWebsiteTiktokFacebookX
Chapter 1: What are the key financial lessons from personal experiences?
But because of the immaturity, because of the looking at what everyone else had around me, I let someone go who could have been my wife. And I learned from that. It was a hard season for me because one of the things I've learned that wealthy people do very well is they confess when they're wrong. And they tell themselves, yo, you messed up. How do we make sure we do not make this decision again?
That's when I say, you know what, let me submit myself to a married couple to get wisdom. You know what, let me just talk more to my therapist about this area so I can make sure that the next time I have the opportunity to meet an amazing woman that I do not pass up on that again. And so... My partner is the second most decision because this is the woman that will be raising my daughter.
This is the woman that will be raising my son. This is the woman that together we're going to build an empire. I need a partner that we are aligned and sync and we have each other's back.
What would be the three questions you would ask about money before you would move forward on a commitment of dating?
Maybe you're dating for a few dates, but... I wouldn't even go... I'm not even getting into a committed relationship with a woman until we have a money conversation.
And what should that conversation consist of?
The very first question I'm asking her is, what was the conversation you had about money growing up? You know, what did your parents teach you about money? And then two, for me, what's your thoughts around ownership? What's your thoughts around debt? And then three, it's a fun one, but it answers a lot of questions. It's going to answer a lot. You have a million dollars right now.
What are you doing with it? Hmm. Yep. What are you doing with it? And, and a bonus one that I really, really, really, I really had this conversation on both sides. What, what do you value most? In life? Yes. Like what, what, what's, what's valuable to you that money cannot buy? And, um, it just starts the conversation going.
And I think really understanding the root of the individual really sets you up to understand, okay, how they're gonna be thinking proceeding forward.
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Chapter 2: What mistakes do parents make when teaching kids about money?
I feel like I can trust him with money for the future.
Yeah. Well, money is a reflection of our values, how we handle money. And that's another reason that it's very important, because if your values are not aligned, you're going to struggle in any relationship, but certainly in a marriage relationship. And so, you know, talk about the basics of money. Debt. I love debt. I'm going to use it all the time. You know, I want zero down everything.
I'm going to buy a zero down truck. I'm going to buy a zero down stereo. I'm going to buy a zero down couch. I'm going to put nothing down on the house. And you hate debt. OK, we got a problem. We're going to have to work through this or we're going to have to. This is a deal killer. OK, how about saving? I don't think you've got to save money. You can always get you something.
I always thought you could out-earn your stupidity. I tried that for years. It didn't work. So my wife, however, is a natural saver. So when I joined her club is when we started winning. So bless her heart, she didn't know this going in, but I made a hard life for her the first seven years. So saving and debt, how about generosity? I don't believe you ought to give.
If you give, you end up with less. It's mathematically factual, which it is actually. But that's short-term thinking. That's a finite game instead of an infinite game, again, using Simon's premise on his book. So generosity. The things we just talked about. How about living on a – are we going to live in chaos? Are we going to live with a plan? Yeah, want to live with peace or chaos?
Are we going to live with future-minded or YOLO? You only live once. Thank God it's Friday. I'm living for the weekend. Our marriage theme song is Huey Lewis and the News, right? I mean, come on. Is this us? And if it is, then, you know, because what's this tell you? Anyone that lives short-term thinking, we know they're emotionally immature. Yes.
spiritually immature and so you're marrying someone or you're dating someone that's emotionally immature and they're fun they're always fun but they're but it's not fun in the long term because it brings about stress the fruit of this is nasty And so now do we have to be perfectly aligned on all those things? No, we just need to understand where the other person stands.
And are they so far over away from us that it's a deal killer? Yeah, because my wife is more of a saver than I am by nature. I had saving for me as an intellectual act. a spiritual act of my will. It is not a natural rhythm, okay? She naturally saves everything. The leftovers in our refrigerator are grotesque. I mean, it's just, I mean, you know, she saves everything.
So to the extent that I can stay close to her on that, then we've got harmony. We have both obviously with what we've been through agreed, no doubt. We are both have become planners over the 40 years of marriage. I've always been a detailed planner. I had to get her to join me more on that. But it's better if you do it on the front end than the way we did it.
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