This content was created by Lewis Howes. This content was uploaded by Lewis Howes. This is a YouTube video titled "5 Steps To Generational Wealth" created on December 13, 2025, discussing a five-step approach to building wealth, including earning, saving, investing, reinvesting, and increasing income.
Chapters
Becoming wealthy comes down to five steps. Number one is you got to earn money. And if people say, how do I earn money? It doesn't matter. It could be a side hustle, it could be a business, it could be a job. Have some money coming in. Once you make some money, Number two is you don't spend all of your money. And that means when you make $1,000, you don't spend all thousand dollars. How much do you spend? Let's not worry about the nitty gritty yet. Just don't spend all your money. Number three is you take the money you don't spend and you go out and you buy an investment that will hopefully make you some more money in the long term. Then number four, when your investment makes money, take the money that your investments make and dump it back into your investments. And then number five is work to make more money.