Simplify the following text for a Grade 8 native English-speaking person.
Original: Most commonly , nihilism is presented in the form of existential nihilism which argues that life is without objective meaning , purpose , or intrinsic value .
Simplified: Nihilism is the belief that values are falsely invented . The term nihilism can also be used to describe the idea that life , or the world , has no distinct meaning or purpose .