$1B and Counting: Steve Houghton’s Five Pillars for Living a Truly Wealthy Life

Moneywise

Hampton

Business, Entrepreneurship, Investing

4.8 • 674 Ratings

🗓️ 17 December 2024

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

What’s the real cost of building wealth—and how do you stay grounded after achieving it? Steve Houghton, a billionaire entrepreneur, has a life philosophy that’s as intentional as his business strategies. From self-made success to crafting a fulfilling personal life, Steve shares the five pillars that help him stay healthy, happy, and wealthy. Steve’s journey started with selling books as a teenager, earning the equivalent of $100,000 today, and grew to building successful ventures in real estate and oil and gas. But what really sets Steve apart is how he uses his wealth—never selling his best assets and focusing on the compounding power of capital to achieve long-term financial stability. In this episode, Steve explains how he grew from a frugal Utah upbringing to managing a fortune. He breaks down his five-pillar framework for a wealthy life: financial, emotional, mental, physical, and spiritual health. Steve shares how he avoids ego traps, maintains meaningful relationships, stays curious, prioritizes fitness, and finds joy in helping others. This is Moneywise, a podcast where host Sam Parr is joined by high-net-worth guests to explore exclusive insights into personal finance and lifestyle tailored for other high-net-worth people, or those on their way. They'll get radically transparent about the numbers, revealing things like their burn rates, portfolios, and spending habits. Who is Sam Parr? Sam is a serial entrepreneur and the co-founder of The Hustle, which he sold to HubSpot in 2021. He's also the co-host of one of the world's top podcasts for entrepreneurs, My First Million. Known for his insightful business acumen and candid communication style, Sam Parr continues to be a prominent figure in the world of media and entrepreneurship. Sam's newest and biggest venture yet is Hampton, which he co-founded in 2022. Check out Sam’s Companies: Hampton Sam’s List This podcast was made for the Hampton community, a private, highly-vetted, peer membership community for founders and CEOs of fast-growing, tech-enabled startups. Chapters: Steve Houghton's Early Life and Career Beginnings (02:57) The Journey to Financial Wealth (05:37) The Power of Compounding and Investment Strategies (09:06) Emotional Wealth: Relationships and Family (20:26) Mental Wealth: Continuous Learning and Optimism (24:32) Physical Wealth: Health and Fitness (30:13) Spiritual Wealth: Living for Something Bigger (32:14) Conclusion and Reflections (32:49) This podcast was produced in partnership with Lower Street and distributed by Morning Brew.

Transcript

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0:00.0	I think that I certainly have an ego, but I've also tried to recognize what my ego is and not feed it because ego is one of those things.
0:12.3	The more you feed it, the hungrier it gets.
0:14.9	Steve Hutton is a billionaire, roughly.
0:17.9	If you could tell me what oil is going to sell for precisely next year and interest rates,
0:23.7	I could be precise, but I mean, somewhere in the high nine figures to low 10 figures. So the best
0:31.3	part about this podcast is that wealthy people come on and they reveal their finances and they also
0:36.9	explain a bunch of strengths and weaknesses in their finances and they also explain a bunch of
0:38.0	strengths and weaknesses in their life and they get really vulnerable but amongst the uncommon people
0:42.7	which is young wealthy people who is our typical guests there's an even more uncommon subset
0:47.9	and that is billionaires i think there's only two or three thousand billionaires in america so it's
0:51.6	not a lot of people now amongst those two or three thousand people, there's an even smaller subset, a group of
0:58.0	people who are willing to come on this podcast and reveal all of their numbers and to be
1:02.0	super transparent about their vulnerabilities, their life, their strengths, their weaknesses, and
1:06.0	their finances. And so today's episode, we have one of those really rare people.
1:11.1	Now, amongst the hundreds of podcast episodes that I've done, Steve is in that small subset
1:16.6	of about five people who I think to myself, I want to emulate this person.
1:20.6	I want to be just like this person.
1:22.6	On this episode of MoneyWise, we are going to break down Steve's finances, which is rare
1:26.6	that a billionaire is willing to do that. But we're also going to talk about the key pillars of life that Steve has
1:32.0	made up for himself to stay healthy, to stay happy, and to be truly wealthy. I promise you,
1:37.3	this is going to be one of our most insightful episodes, and you're going to want to listen to the
1:40.7	entire thing. My friends, I am Sampar, and this is money-wise.
	...

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