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

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Dec 17, 2024

In this engaging discussion, billionaire entrepreneur Steve Houghton shares his journey from humble beginnings to achieving vast wealth in real estate and oil and gas. He unveils his insightful five pillars for a truly wealthy life—financial, emotional, mental, physical, and spiritual health. Steve emphasizes the importance of avoiding ego, building meaningful relationships, and prioritizing fitness. He highlights that true happiness stems from experiences and helping others, showcasing how wealth can be a vehicle for fulfillment rather than the destination.

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ANECDOTE

Early Success Selling Books

Steve Houghton, from a modest upbringing, made $5,000-$6,000 selling books during the summer after high school.
This equates to over $100,000 today, sparking his drive for wealth.

INSIGHT

Money as a Magnifier

Steve's initial financial goal was $10 million, but he now realizes the goalpost keeps moving.
He views money as a magnifier of character, amplifying both positive and negative traits.

ANECDOTE

Venturing into Entrepreneurship

After working in corporate real estate, Steve pursued entrepreneurship.
He experienced both successes (self-storage) and failures (payments company) but learned valuable lessons.

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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

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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.