The four steps to wealth, sustainable and scalable wealth, proven and simple, though not easy.

Once I've shared the four simple steps to wealth, it won't take me long.

Then I'm going to share with you the four behavioral disciplines required to scale that wealth and have that for vast and lasting wealth and riches.

Okay, number one rule, the first step to wealth is to never spend more than you earn.

No month should ever go by when you're more in debt than you are credit.

Even if you only save 1% or 5% of your earnings, that will compound over time.

And in reverse, if you only get into debt by 1% or 5% of your earnings, that will compound over time and your debt will build and your expenses will go up and there will be interest on interest on interest.

Life works with the velocity and momentum. A body at rest tends to stay at rest if your in debt is hard to get out of it.

A body in motion tends to stay in motion, so if you are in credit and earning interest and recurring income streams, that tends to compound.

So step one is never spend more than you earn. Step two is to save a set percentage of your income every month.

Like I said, it might just be 1%, might be just a hundred pounds or dollars a month and then in three months you can up it to 5%.

And if you can consistently get to 10% of your earnings saved and then invested every month, it will only take you a few short years to build wealth.

Now people think that wealth is vast riches and millions of pounds. It isn't, wealth is having an excess of money and income over and above your expenses.

And your living expenses might be 3,000 a month and if you have 4,000 a month coming in, that's 1,000 a month surplus.

In a few short years you can gain quite a lot of wealth from relatively small amounts of money.

On the other side of it, some people for example, they will earn tens of thousands a month but they will spend tens of thousands a month.

Okay, so you're going to increase the percentage that you're going to save each month.

This is step two and then step three is to invest those savings into assets.

So you actually can't save your way to wealth. You can use savings as a bridge to invest in assets that protect the capital, increase the capital value with capital appreciation and give you income.

Hopefully multiple streams and hopefully recurring income. But a lot of people teach you about saving money.

Saving is good for discipline but saving will not make you rich. Only investing will make you rich.

So you never spend more than you earn step one. You save a percentage of your income step two.

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