Hi, my name is Lewis Howes and welcome to the Daily Motivation Show.

What do you think are the three most important steps to building wealth?

Ownership.

Like literally, equity ownership.

Like, you look at the most wealthy people in the world and if you want to be wealthy, you need to be an owner.

They have equity in something.

They have equity in something.

You have equity in your small business.

You have equity in your practice and you sell your patient files, you know, to a bigger

partnership or you're like me and you have equity in a big company or small company.

Whether you started it or not, equity ownership is the key to wealth creation.

That's why people own their homes.

The biggest source of wealth for people, home ownership, right?

You have to be an owner. That's a big one. Number two, you know this. Everybody knows it, but we need to do it. Saving, saving, just like saving early and compounding returns. Yeah. A lot of people don't do that. I started doing that years ago. Most people don't do it. Before I didn't have that much money. I was like, ah, even 500 bucks a year, a thousand, you know, when I was, you know, when I was... I know, right?

Something. I started doing that years ago. Most people don't do it. When I didn't have that much money, I was like, ah, even 500 bucks a year, a thousand,

you know, when I was broke. I know, right? This is something. It's amazing. I remember I started at like 27, maybe starting to like, my IRA and then just other investments. And I was like, but I don't have that much to invest to save them. Yeah. wasn't making that much. But now 11 years later, I'm like, oh, look what I've accumulated.

Well, more importantly, saving a lack of to invest to save in. Yeah. I wasn't making that much. But now 11 years later, I'm like, oh, look what I've accumulated.

Well, more importantly, saving allows you to do what? Become an owner. Right. You can buy something with it. You got it. These are inherently related, right? So if you say, like, if you don't save, guess what? The day the equity ownership comes up to buy a piece of a home or these days a piece of a home or land or whatever.

Or a stock market, you know. guess what? The day the equity ownership comes up to buy a piece of a home or these days, a piece of a

home or land or whatever. Or stock market, you know, equity in the stock market, anything.

If you don't have savings, how do you become an owner? It's impossible. So these two things are

inherently related, right? So even though it's fractional ownership, which we all have opportunities

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