Lewis HowesYour Personal 24/7 Greatness Coach

#1 Habit Separating Rich vs Poor

10 Feb 2026 · 0 min

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Lewis Howes explores the core financial habit that separates rich from poor: wealthy people buy assets that generate income, while others buy liabilities that lose value. The difference comes down to whether you're purchasing a car that depreciates or a duplex you can rent out for cash flow.

One financial habit that separates the lower or middle class from the upper class.
Buying liabilities versus assets. The lower middle class buy stuff that loses value over time or costs them money. And they do it to look rich. But the really wealthy people, they will buy a ugly duplex in some no name town and then they will flip it, they will make it nice, they'll rent it out. Now they have an income generating thing. They're not buying stuff. This isn't the Gucci sweater. This is something that makes you money.