This content was created by Lewis Howes. This content was uploaded by Lewis Howes. This is a YouTube video titled "What wealth REALLY means..." created on October 10, 2025, featuring a discussion among multiple speakers about the characteristics and behaviors of wealthy individuals, including risk management, investment strategies, and philanthropy.
Chapters
Wealth means different things to different people.
But when you are fortunate and you become wealthy, what you'll find is most.
Of those people do not take a lot of risk.
And they invest in things that are very long term.
They don't use a lot of debt. Most cases they don't use leverage when they're investing. They don't take very speculative positions on.
You know, you hear that they might buy Bitcoin or they may, you know.
Buy a speculative stock, but if you look at it as a percentage of what they're worth, it's nothing, right? And so they're willing. When they're making that investment, they're saying.
I'm willing to lose it. It's entertainment almost for me. It's not something I think it's that I'm going to have to live off. And the other thing I found, because I advise a lot of wealthy people, because my companies that I invest in.
Of which I have over 30, at.
Any one time, 10% of them are being acquired by a private equity firm.
Or being bought by a strategic.
And I've known the entrepreneur, and maybe.
It'S their first liquidity event.
I try and help them on that journey. And some of them get 100 million or $80 million.
We've got plenty of situations like that.
And they're young. And what happens is you find out.
Later that entrepreneurs are actually really bad investors.
They're very good at running a business, and they focus myopically on that their whole lives. But when they actually get liquidity, it's usually their husband or wife that was.
The person that was taking care of.
The family and mitigating the risk.
And they're the ones that are the better investor.
And that's why I say in a family you have to have a team approach. But I've learned this, that you really. You'll find that what's successful about families is they know what they're good at, or wealthy people and they know what they're not good at.
And they don't try and do things they don't understand.
And this is.
It's important because you have to say, I have limits on my skills. I know what I'm good at, but I've been very fortunate and I'm not going to go risk anything now doing something I don't know. I see that characteristic a lot. And the other thing, and the I.
Would say is different.
And this may have a lot to.
Do with the concept of karma.
Another lesson I learned from my mother.
That if you're successful and you talk.
To wealthy people, you'll always find that there's something that motivates them to be philanthropic, to give money to something that matters to them. And that's the whole idea of giving back.
You've been successful, and you have to.
Find the cause that motivates you. You're willing to spend your time and money supporting.
That is a big difference.
Because if you believe in karma, and I do, when you do that, it.
