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Travis Makes Money
INTERVIEW | Make Money By Mastering Your Money Mindset with Trader Lewis Crompton
00:27:47
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B
Your move.
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A
Learn more@jobsohio.com
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C
you're listening to the Travis Makes Money podcast presented by gohighlevel.com for a free 30 day trial of the best all in one digital marketing software tool on the planet. Just go to gohighlevel.com travis. What's going on everybody? Welcome back to the Travis Makes Money podcast where it's our mission to help you make more money. Today on the show I am talking with a new friend of mine, Lewis Crompton. Lewis is a finance expert and self made millionaire with over 10 years of trading experience and six years of of teaching experience. Louis educates people on trading the financial markets and empowers them to learn this skill. His goal is to help 1 million families live with less money stressed through financial education. It's almost like we were supposed to talk today because I think that's a little bit about what we talk about here on the show. Lewis, what's up, dude? Welcome.
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B
Thanks for having me. Yeah, very much so, very much Aligned values in terms of what we want to help people with.
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C
Yeah, seemingly. Seemingly. You know what, what's the thing we always sign off the show the same way. I know you've listened to a couple episodes, you probably know is that money solves your money problems. But you know, it's easier to sol the rest of your positive money in the bank. And I just found that to be so true. Which is what the reason we end up starting the show was just like I find. And I don't know if you found the same thing, man, you, you tell me. I found that there was just so many like personal finance people that just beat the same drum over and over again, which is like stop spending money, stop spending money, stop spending money. Save, save, save, save, save. And then put $100 a month into the stock market and in 48 years it'll be worth $1.2 million. And I'm just like, yeah, but like that's not that much money. Like in 40 years, like what is that going to be in 40 years? Like that's going to spend like a hundred and twelve thousand dollars. Like, and you just. Yeah, like that's not the solution to the problem. So we got to do something about this. So you tell me your opinion on that and then how you kind of, you know, got started doing the same thing, because obviously it's something that matters to you.
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B
Well, I think the same thing that you just said there, just to touch on it. I mean, when I see these influencers talking about, I'll just put Money in your 401k, put it into the stock market and you'll be a millionaire in 50 years. It's like, well, I may be dead number one by then, want to enjoy myself before that, and probably made my thumbs bleed by the amount of times I typed on it. But what about inflation? And they just seem to completely disregard the fact that inflation is a thing. Now, whether you think it should or shouldn't be a thing, it is a thing. It's the way that the world operates. And I personally disagree with the fact it exists, but it does. So why are they not factoring that in? What, what are they actually selling? You're, you're selling, well, false hope in a way that, that's going to be enough to take care of you. Yeah, yeah. Is putting money into a stocks and shares thing or your pension a bad idea? No, of course it's not a bad idea. But if you think it's going to make you rich, if you think it's going to make you wealthy, then you're sadly going to be very, very mistaken. And so when I'm talking to people about finances, I'm talking to people about money. We mention inflation, we talk about it and we point out that unless your money is significantly outperforming inflation, then you're not going to be in a good, in a good position to build wealth. And even if you're matching with inflation, you're just, you're just treading water. You're tracking. Yeah, you're just treading water. It's not actually making you significant wealth. So what I do is investing. What I teach people to do is to invest, but in a way that takes them less than 30 minutes a day. Where some people are, oh, I thought this was meant be passive income. There's no such thing. Let's be honest. Yeah. So as soon as we kill that dragon that passive income exists, the better. Because even if you have what is supposedly historically passive income, to be a good steward, a good manager of your money, you've got to pay attention to some of the things that are going on. There's no such thing as passive. So the method I teach people just 30 minutes a day and they can be making 5% to 10% per month in the stock market, which we know is way outperforming inflation and pretty much any other investment, really. But it is more active. And that's, that's the thing. That's where it's not too good to be true, because there is a skill set that has to be learned, has to be mastered and has to be stuck to consistently. But if you do, then the rewards are there. Just like going to the gym consistently.
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C
Where did you first start with investing?
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B
So I bought the lie that there was such a thing as passive income after reading Rich Dad, Poor dad. And so I signed up for a seminar and actually sign up for the wrong seminar. So I was on the London Underground on my way to a rubbish work workspace where I originally was on the shop floor of a retail unit. And I worked my way up into the head offices and had to commute two hours every single day to.
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C
Two hours.
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B
Two hours?
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C
Yeah, like one way or. Or an hour there, an hour back.
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B
It was pretty much two hours one way. If it was bad, sometimes I could get away with an hour and a half each way. So my life was rubbish. So I would get up early, I would get some food ready for the day, then I'd go to work and then come back and then by the time I came home, I would cook myself dinner and it'd be time to go to bed. That's pretty much my life.
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C
I was like this and all that for. And I. I'm assuming that the. The corporate office of a retail company is probably not paying super well either.
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B
No. So probably in dollars. It was. It was less than $25,000 a year.
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C
Oh, my God.
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B
Yeah. While having to pay rent, while having to try and have a social life. I didn't have a social life.
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C
You can't.
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B
All of that sort of stuff. You can't. And so people like, yeah, cost of living crisis, which is something that's talked about a lot over here in the uk.
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C
Same over here. Yeah.
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B
Yeah. So, well, and I've lived that life, actually. I've lived on rationing the food, not having enough money at the end of each month. I've done all of that. So, yes, I was on a rubbish salary. So on my way to that rubbish job, I saw a Rich dad advert for a seminar in London. So I thought, yep, let' do that, let's go to it. I went along to it, got there, turned out I signed up for the wrong thing. I thought I'd signed up for the property seminar. I hadn't. I'd actually signed up for the financial market trading seminar. So that's funny. Call it divine intervention, whatever you want to call it, it worked out really well and it just blew my mind. I'd always had an interest in the market, but I wasn't good at maths. I was in the special class at maths. Real quick, Real quick.
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C
Sorry to interrupt you. What was the cost of the seminar?
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B
This. That seminar was free, but the business model for them was free seminar, to be honest. I've got the same setup in my business, to be honest. So free taster. And then you've got. Well, actually, they had a really high ticket initial training, not high ticket. It was about £500, about 700 US. Although the pound has crashed now. Trump started a war. So brilliant. Yay. So then I went on to that training, which was just a weekend training, and from there I signed up to a mentorship, but it cost me half my annual salary.
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E
An all new season of the Secret Lives of Mormon Wives is now streaming on Hulu and Hulu on Disney.
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B
Mom talk has just been blowing up.
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C
Whitney and Jen are on Dancing with the Stars.
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Taylor is a bachelorette.
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C
Saying that out loud is crazy. Like that is huge.
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But all the cool opportunities could pull us apart.
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It's causing issues in everyone's marriage.
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My whole world is falling apart right now.
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It's chaos.
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Watch the Hulu original series, the Secret Lives of Mormon Wives now streaming on Hulu and Hulu on Disney for bundle subscribers.
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B
Terms apply onto a credit card because I didn't have savings and onto a had to take out a loan as well because I couldn't get approved for enough.
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C
That's what I was looking for right there. That's the information piece that I was looking for. Is that the thing that we try to talk about the most on the show is that the direct path out of poverty is directly through a new skill that you don't have. And almost every time in order to acquire that new skill, it will probably require additional investment on your end to hone that skill or get that skill. Now most people go, they think like traditional, everybody thinks traditional. So like their mind immediately goes to higher education. It goes to like, well, if I get this 12 month, whatever accounting certificate, or if I go to go back to school and get my undergrad or I go back and I try to get my master's and it's like, okay, so you're talking about dropping $45,000 or something like that for a master's program that's going to get you a 10 increase on your salary right now. But you are going to call that like seminar or that course grader or that coach a scam artist because they charge five grand for a coaching program that's going to teach you a skill that you can maybe learn like double your income next year. It doesn't make any sense to me whatsoever, but I guess like, pick your poison, choose a path. But either way, you're probably going to have to invest some of the money, even though you don't have it. You're probably going to have to invest some of that money into acquiring a skill that you don't currently have so you can make yourself more valuable in the market so that the market pays you more money. It's just like the only path out of it. So that, that was, that was why I asked that question. Because I'm like, I, I know there's a punchline in here somewhere where it's like this kid that's hustling his ass off, two hours commute, you know, every day, back and forth, $25,000 a year, living on ramen, rationing food, not, not enough money at the end of the month, and still finds a way to finance a $10,000 program to figure out this new skill so that you can build a path to get out of the bad situation that you were in, which I applaud 100%.
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B
And I think that's where people, people think it's easy and it's not. And those, those decisions in those moments of choice. And Tony Robbins talks about this, right? That it's in our moments of choice that our destiny has created. And I've always chosen growth in my life, always chosen it, even if it is sacrificial. And I talk about three magic beans of growth, time, money and energy. And you have to invest all three into whatever in any area of your life that you want to see growth and you want to see change. It requires those three things. And so I talk about the gym a lot because I have not n to the gym whatsoever and not nailed that part of my life yet. I'm working on it, I'm working on it. But if I put time into it and I don't put any money to buy the right foods, to get the best foods, to get the right supplements, and I don't put the right energy, mental energy, focus energy on it, whatever it might be, and I don't put the right energy while I'm at the gym. So if I just sit in the gym and I don't put my energy into it correctly, I'm not going to make any progress. Whereas if I turn up, put the time in, I'm focused and I put the energy into doing the workouts the way I meant to do them. And I invest in maybe some coaching, teaching to know how to do things properly and the right foods, the right supplements and all of that, then guess what? That when I've done all those three things within my fitness journey, that's when I get the best results. Anytime I let one of them drop off, I don't get the results I want to get.
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C
Yeah, Isn't that interesting? It's almost like, it's almost like your dream life requires a lot of work or something like that.
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B
I know, crazy. And I can't tell you how much that annoys me. It really does annoy me that that's the way it is. But it is the reality that is.
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C
It is the reality. Yeah. That's the whole point, right. It's like you can, you can buck up against it as much as want, you can complain about it as much as you want, you can whine about it as much as you want. None of those things do anything to fix the problem. The only thing that's going to fix the problem is accepting that it's going to be your responsibility and your responsibility alone to create the life that you want. And that's one thing I think young, younger people today, including my generation, I'm lumping myself into this group. I think that's something that we sort of lost the plot on. And to be fair, there's like what we were talking about earlier with the, for, you know, housing affordability and all these other things, like there's there, there are macroeconomic factors of unprecedented, especially in the us I don't know if it's translated the same to the UK. This is the first time that 30 year olds are worse off economically than their parents were in the history of the U.S. economy. And so like I, I understand, like, I'm not trying to say that there's, there's, you know, that it's all sunshine and rainbows and you know that you should just pull yourself up by your bootstraps and get going. But you know, once you've recognized that these are the, these are the cards that you were dealt, the only path forward is playing the hand as best as you possibly can. You, like, there's no version of just like, well, I just, I just wish I had different cards. It's like, okay, well, wish all you want and live your life wishing. And then, and then you, you. Just because you were born does not mean that you deserve your dream life. It has never happened in the history of civilization and we have still so much opportunity at our fingertips right now. You can choose to look at the batter, you can choose to look at the good and attack the good.
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B
With, with over 100 access to completely democratized, there is no lack of access to information and knowledge and skills. Like isn't to learn those skills. Everyone's got access to them. Yes. Okay. Some of us got easier starting points. I think the, the kind of nuance behind that is that. Well, maybe not nuance. Nuance isn't the right word. But the, the truth behind that is that we have to take personal responsibility. And I say this sometimes in some of the stuff I talk about and I'm always careful when I say it. Say it's not that the situation you're in is your fault.
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C
Correct.
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It is your responsibility to get out of it. And actually sometimes it is a bit of our fault that we're in the situation we're in, but not all the time. Life happens. Stuff happens, but it's our responsibility.
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C
Exactly. Yeah. The way I like to frame it is like whose fault it is is completely irrelevant. Doesn't matter. It doesn't matter if it's 100% your fault or 0% your fault or some, you know, sliding scale in between, none of that matters. The bottom line is you are where you are. That like it just, it is, it just is what it is that you can't. Once you start assigning all these judgments to the situation, that's when you get in your head and prevent yourself from taking any action moving forward. You just have to accept that whatever happened, it is. And that's easier said than done. And I completely understand that because like you said, there are some people who, they're not even starting at the goal. Like some people start at the 20 yard line, some people start at the 50 yard line, some people start at the goal line, some people Aren't even in the stadium when they're. When, you know what I'm saying? Like there. I understand that some people get dealt terrible, terrible hands. But the bottom line is the. I've had 1500 episodes now the show, I've talked to probably over a thousand of those being interviews some insanely successful people. And for every story of somebody who's, you know, got dealt a shitty hand, there's a story of somebody who played that hand so well and now they're a multi billionaire, even though they grew up in poverty or in the foster care system. It's like there's always somebody with a worse situation than you have, who did better with that situation than you're currently doing, which is good news. That's good news. It's not bad news. That's good news. It means that like there's a path that. It's just that that path only starts once you accept the personal responsibility that nobody else is going to come save me. I have to do this on my own.
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B
Yeah. And I, I hear that and I try to communicate that in a way that is hopeful because you can always change your situation.
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C
Always.
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B
I mean, I work with people who are fairly young. I work with people who are in their 80s and they're. I love those people because they're still working to better themselves, to improve their situation, to leave a better legacy than what they had before. And I just think that that attitude is incredible. And I just think part of the reason why people, I mean, you were saying you just have to accept it is the way that it is that you've been dealt the hands you've been dealt. I wonder if the people who can't accept that it's actually because on some emotional, psychological level, it is easier for them to handle that pain than it is for them to handle the pain of accepting it and changing and moving forward. Because they've got an excuse now if they, if they can't let it go, they've always got an excuse to maintain this behavior, this bad attitude, this bad perspective, which never actually gets them where they want to get to. I always talk about person A and person B and person A is the person who says they want change but won't do anything about it. In person B is a person who actually does something and takes action and invests time, money and energy into themselves to get to where they want to get to.
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C
Yeah. This is where the, the victim Olympics that we're sort of seeing it play out. That's where, that's where it stems from, you know, because everybody has to beat everybody else's excuses. So then what happens is you start training your brain to only look for all of the unfortunate circumstances that you've been given, rather than training your brain to look for all of the fortunate circumstances that you've been given. And when you're in that moment, mindset, man, everything sucks. Everything's bad. You know, from the weather to stubbing your toe on the furniture, to your financial situation, your relationship situation. Like, everything starts being this dark cloud of terrible circumstances because that is the only thing that you're choosing to focus on just so you can beat somebody else's story. They're like, oh, you think you had it bad? Well, listen to me, you know what I mean? Like, I, I'm this thing, I'm part of this group, this group, this group, this group and this group. And I grew up in poverty and I, you know what I mean? It's like, like, okay, I don't. There's no winning that game. That's the problem. It's like, what do you get when you win that game? You get nothing. You know what I mean? Like, you get less than nothing, actually. And not only will you not see any external results in life, but you're probably going to see poor internal results in life, meaning that you're probably going to struggle with your mental health. You probably are going to lean toward depression and anxiety and loneliness and fear, and you're like creating this sort of hell on earth that you've accepted as your reality. Because like you said, it's just easier to accept that being your reality and point to the. Those things as why you're not successful. It's easier to do that than it is to accept responsibility and actually start the process of the uncomfortable part, changing yourself.
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B
Yeah. And I think sometimes people get blinded by their own, by their own choices. And when you, when you allow your brain to choose certain negative positions or negative viewpoints and everything is doom and gloom and you universalize everything as being bad, like all men are bad. That's a, That's a, That's a great one, isn't it? And then surprise, surprise, surprise, those people are always single or women are bad. And then you become an incel. Like, it's just, those universalizations are just ridiculous. But they allow you to have a blanket rule which means you don't have to actually take any self responsibility or look any deeper and you can just stay put. And I just find that if, if you've been in that mindset for a long time, I do think it's harder to come out of it because you've now not only had a certain pattern of behavior, you've ingrained that behavior into your psychology and your neuroscience and the way that your brain operates. And you have to create new pathways. And that's why I think a lot of people only make change when something significant negative happens in their life. Because suddenly it's like a brain reset and you start to assess everything in a healthy way. And that is a moment of change where they can actually start to choose something different. I think there was actually a study done on decision making when you, you have been drinking alcohol. And alcohol lets your neuro neurological pathways be more fluid and break easier and then re join together easier. So that's why a lot of business deals are done over alcohol. Because suddenly you create this new way of operating and this new way of thinking in that moment. And you're open to possibilities, you're open to new realities. And I'm not advocating drinking just for the sake of this, of course, but it can. You have to have a moment of something that triggers a, a reality shift for you or the potential that maybe the reality you've been living in isn't the one which is serving you best. And I think when you can grow in an awareness to where you realize that you choose the thoughts that remain in your own head, then you can completely change your reality. And again, I don't think that's easy work. I struggle with that sometimes. I still get anxiety sometimes, but I know it's just a lying emotion so I just tell it to, yeah, get on its bike and go away. And this is where I love imagination. And this is totally off topic from I don't know what we're meant to talk about, but to money in a minute. But if you, if you always think you're going to be poor, you're going to be poor, right? So all you can imagine, all you can picture in your imagination is you poor for the rest of your life, guess what's going to happen? Whereas if you can imagine and intentionally do it and create in your head a life where you have more money than you have now, maybe not you're a multi billionaire, maybe not a multi millionaire, but maybe you just have enough money in the bank, you'll start to create around you opportunities and energies which will bring that into your life. And you'll actually be able to take actions which will move you forward into that. I grew up in the church and one of my quotes, I often go
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F
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- [22:22]
B
screen Jesus says is as a man believes in his heart. So he is. Yeah, I love that quote. Because who you believe you are, you will always be. If you believe you're a victim, you're always going to be a victim. If you believe you're rich and wealthy, guess what? You're going to end up being rich and wealthy. If you believe that you are someone who is likable and people like you, you will be. If you believe, oh, I'm just an. Then people are going to think that's who you are because you'll manifest that because of who you believe you are inside. So you change that and you work on that deeper level that changes everything from wealth to health to relationships to all of it. Absolutely all of it.
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C
So, yeah, it's the beautiful thing about it, man, is if reality is perception, then you have the ability to control what your reality is. Because the bottom line is, man, none of us actually zero people on this planet experience the world as it is. We can only experience the world as we see the world. The good news is you get to choose how you see the world. So you have to consciously focus on the outcomes that you want, the person that you want to become, and then you can create that reality, like you said. Is it easy? No. But it is fairly simple when you get down to it. So I know this is sort of a tangent, but I also believe that everything we've been talking about here is like, this is step one to building wealth is the belief that it's possible. Because that's like the biggest thing that I've run into with this show is that if you're speaking to entrepreneurs, I think entrepreneurs in general have that sort of like just delusional optimism that things are going to end up going their way at some point if I stay in the game long enough.
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B
Enough.
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C
When you talk to people who are not entrepreneurs, you know, they're. They're limited by the scope of what they currently see as Possibilities. So it's like I, I can't, I can't go from making $25,000 a year to making $250,000 a year. That's insane. You know what I mean? Like what, My raise that I'm going for in my company this year is going to put me a 12% increase. So next year, hopefully I'll be able to make $28000 instead of $25000. It's just the, if, if you are, if you are stuck in that mindset, then you will not ever take the action that is required to see the results actually happen. So like everything we're talking about here, this is the building blocks of creating wealth. Is that the belief that it's actually possible for you to do something that maybe you've never seen anybody in your family do, Maybe you didn't even know was possible. Maybe you didn't ever meet somebody who is ever even making close to that type of money. Like, I know it's really hard, hard to sit there and picture yourself being able to do this. But that's where it starts, man. It starts in the mind. And if you don't believe like you, our, our number one goal as humans is to act in consistency with our identity. So if your identity is that of somebody who makes $30,000 a year, then you will act in consistency with that internal identity. But if you can start to, to, to consciously shift that identity from somebody who makes 30,000 a year to make to somebody who makes a quarter million a year, then your brain, will you start training your brain to seek out, might not have found them before just because your identity is aligned with the identity of somebody who is a high earner, which is exactly the process that you went through, that I went through that everybody who's ever, you know, achieved any, anything outside of the ordinary started at. That's, that's where it all starts, man. So, dude, I, I, I know we, I know we meant to talk about stocks and trading and stuff like that, but I think honestly this has become a much more valuable conversation. Real quick, before we, before we finish up here, tell me a little bit about what you're working on, what people can gain from that and where they can find you more.
- [25:53]
B
So best place to find me is Instagram. So I'm with Lewis Crompton, it's my handle at the moment. I'm working mainly on my business and just making it better and better, doing more global stuff. So we are a global education company that teach people how to trade financial markets in less than 30 minutes per day, making 5% to 10% returns per month and growing a community around that. So we've been growing the community for six years. They're phenomenal, wonderful people. So come and hang out with us in some capacity. We've got loads of free resources and stuff on my website and just drop in my DMs on Instagram and say hi. I really do just hang out there a lot. So always love to connect with people.
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C
At with Lewis Crompton C R O M P T O N at with Lewis Crompton over on Instagram and the website is Start trading now. But it's only one T. So start and trading Share A T Start trading now dot com. Go check out some of the stuff that Lewis is working on. Lewis, I appreciate you taking the time. Brian. No, you're a super busy guy, so I don't take that for granted. Everybody else listening. Remember, money only solves your money problems. But it's easier to solve the rest of your problems than money in the bank. So let's start there. You're on the Travis Makes Money podcast. Thanks for tuning in. Catch you next time. Peace.