7 Millionaire Habits That Changed My Life

People often ask us about our millionaire habits, millionaire mindset and how to become a millionaire. Do these 7 every day to get rich…

Transcript

Welcome to the Sarah and George Choy property podcast – the show that helps you to become financially free, so you can spend time with your family, traveling and pursuing your passions.

And today we’re going to talk about the seven millionaire habits that changed our lives.

That’s a big ask, isn’t it. Enjoy the show.

George

So I just wanted to give you give you a bit of a story on my my background, my upbringing. See where we came from.

Because you know, one of the first things is that most most millionaires – the vast majority were all self-made. So they weren’t given the money. They didn’t inherit the money. They created it themselves.

So the great thing about that is – that it means that anybody out there has the potential to become a millionaire if they apply themselves. If they’re willing to take action.

So in terms of in terms of my upbringing my father came from Hong Kong he came over at quite a young age – 25.

He was from an extremely poor background, he would get left on his own because he grew up during the second world war.

When he was about to go to school, his first day of school war broke out so there was no school and his dad went off to war and his mother worked in a factory and he would just get left on his own for days on end.

So he had to learn how to just feed himself, so that was his primary thing – how can I feed myself today.

So he would get food and have to try and make that last a week if he could. And when he couldn’t make it last a week then he had to go out begging for food.

He came from an extremely rough childhood very very traumatic and he took a lot of that with him when he when he came to the UK to start a new life.

I grew up in a council house on a big council estate so we didn’t have lots of money when we grew up and my father was very very self-sufficient so you know to the extreme.

The number of things that he would fix and fix and fix and we would have thrown away and he would fix it again and it was literally fall into pieces and eventually he’d throw it away.

We just thought it was crazy at the time. We went through a lot of duct tape.

If you can duct tape it back together it’s good to go. There was a lot of tape in your house.

So he learned to do everything himself so he’d cut our hair – he had his hair cutting suitcase.

Bizarrely I have also learned to do in the last year. If you’re a couple one of you has had to learn how to cut some hair – because you know you’re cutting your children’s hair cutting your spouse’s hair. Back to basics for that one.

He cooked everything from scratch, grew all his own food, or as much as much as he could. Half the garden was an allotment or more than half the garden probably three quarters of the garden was an allotment. There was a greenhouse there as well.

He made his own wine. So I remember in the kitchen under the table there were these glass demi-john’s and there were bubbles coming out of bottles as he was brewing all the time. That was even when we were going out – we used to have to try not to kick them and knock them over.

So he was really really self-sufficient and one of the things he did from a financial point of view is pay off his mortgage really early. So he bought his council house and the great thing is typically when you buy a council house you can often get a really good deal off the council. So you’re getting it below market value.

So he bought his own council house at quite a young age for that time period so it wasn’t something that most people were doing and he aimed to overpay and pay down that mortgage as quickly as possible.

He did clear it quite early so he he was very averse to debt.

He was an entrepreneur, so he introduced me to the idea of running your own business.

So he worked full-time in a local hospital where he was a senior charge nurse in the operating theaters. He even got me job there during my university days. So I used to go down to the ward and pick up people on the trolley (there were two of us) and then we pushed them all the way up to the operating theaters that have the operation and then we take them back.

So I did that when the people that were there when on holiday and that gave me some holiday money in between Uni but yes my dad he was he was very very tight with his money, very frugal.

But you know he did invest and he introduced me to entrepreneurship so in addition to his job he had a number of businesses on the side that he did over over the years – not all at once. He did painting and decorating at one point

Duct tape? No no no actual paint, it was actual paint involved it wasn’t like colouring on the walls with pens or anything.

He also did more successful was he did private catering. He’d go and cook Chinese food, he was an amazing chef. He taught you to cook and me to cook.

He wasn’t a chef by trade but because he’d been cooking since the age of five he was really good, so that was wonderful and you know we got exposed to all that wonderful food growing up.

At one point my mum was looking after me but then she had nothing to do during the day. He bought her an ice cream van and I remember being a really young age so I must have been under five at the time and we would actually drive around the streets where we lived and there’d be this music it’s called “green sleeves”.

I pushed the button it was kind of a wind-up one and then the music would play and we’d stop and my mum would slide the window open and I’d stand there trying to help out. It was a bit difficult for me to get

some of the ice creams because I couldn’t reach unless she lifted me up but there was chocolate bars so I would try to help giving stuff out to people that came and I got quite excited by that.

That was kind of me growing up and you know we really didn’t have a lot of money. I remember kids when I was at primary school – they’d get these new toys and I’d really want them and I’d never get them.

Many of my friends were going to cubs, and cubs is quite a cheap group to go to because there’s a charity so they don’t actually charge that much. We couldn’t even afford to send me to that – so that gives you an idea of what it was like.

I spent a lot of time in the forest with my friends and an axe. I had an axe at home – a little hatchet – it wasn’t like a big axe. Playing with my hatchet in the garden. And a rabbit nice and safe.

So when I became a teenager and you start becoming aware of status, you start to think you know I feel really lower class. I feel really poor and that really marked me psychologically and that’s something that impacted me for

many many years. I almost call it a trauma because it really did affect me that much. I just really felt poor and I felt that I had to show and to demonstrate that I wasn’t poor.

That eventually led to a whole mad spending spree lasting decades, which was a really bad idea. Well that’s how that trauma affected me.

I felt that I didn’t have that status I thought I was like below everybody else.

Well you you spent money on wealth displays didn’t you. So you were buying expensive suits, expensive jeans, expensive watches just to show people that you were equivalent or better than them. We’ve moved past that now.

I think a lot of people are stuck in that even now – not having gone necessary to the extreme that you were but it is kind of standard procedure to show your wealth and it can get very expensive.

Sarah

I came from a slightly different background I had one parent who was kind of middle class. They used to own a farm and during the war that was reasonably affluent. They’d have quite a lot of food and reasonable amount of money.

On other side – council house, granddad was in the army that kind of thing so I had very thrifty parents basically.

So we grew up having socks for birthday presents and I didn’t used to really get much from my parents for toys and things. I got some things from my my grandparents and we used to enter quite a lot of competitions and I’d win toys that way. We could find competitions that people didn’t really enter very much so I ended up with loads of Sylvanian stuff which was really cool.

I had to kind of earn my stuff and that that for me just seemed normal I wasn’t hard done by at all.

My parents were both entrepreneurs so we both had quite entrepreneurial parent backgrounds. They had their own business fixing televisions and videos when one used to fix televisions and videos.

They go in the bin these days but in the old days when they used to cost a lot more. Everything used to be fixed so that’s what they used to do. Then they’d usually have another couple of businesses on the side and my mum
would quite often drag me around. I remember filling up tights displays. We used to go around and fill up sweets displays which was really sad because we weren’t allowed to eat any of the sweets.

I didn’t just get paid for that and because it was all stock inventory you weren’t allowed to touch anything

George had a whole sweet cupboard at home full of sweets because of the ice cream van.

You could get locked in their days. Perhaps that explains our health value as well now.

But anyway, they were entrepreneurs and when I was 16 I used to work in a warehouse so I started working quite early and I used to actually drive a crane which was quite interesting. I earned a lot of money because it was a fairly interesting, dangerous job.

I saved all my money from 16 to 18 and used that to go to university. So for me I never spent my wages it all, it just went in the bank so I carried on living really really frugally that whole time, which was a really good financial grounding. To the point that we weren’t spending anything, my mom used to make us clothes.

Then I met George and unfortunately he rubbed off on me we kind of ended up somewhere, perhaps not as far as you would have gone on your own. But certainly once we started earning money, because we were DINKY – double income no kids for quite a long time, we used to spend most of it and it was great fun, but there you go.

I wish I’d kept my frugal habits and I wish I’d rubbed off on him more, because we’d have been in a much better situation than we are now.

We’re in a good situation now, but it would have been even better, faster, had I managed to rub off on him.

The 7 Habits that changed our lives

I wanted to talk about the seven millionaire habits that changed our lives. So we wrote this book Stealth Millionaire – how to save money and manage your money like the rich.

What we found when we wrote the book was that there were seven habits and we wanted to share those seven habits with you.

What we did in creating the book was we interviewed a number of millionaires and what we tried to do was to find out what were the common habits, what what the practical things that anyone could do no matter how much or
how little money you have.

What could you do every day or every month in order to take you on that path to becoming a millionaire and we wanted it to be really practical.

When we first interviewed them they basically said there was nothing, there’s nothing interesting. I didn’t do anything that anybody does, you won’t find anything. So they all had that that message to us.

Then when we started talking to them and started really digging, and it turned out that they all had the same habits. That was really surprising and it’s a great thing because it means it’s repeatable, that anyone can do it.

We thought that was really important we picked out the things that absolutely anyone could do and we want to share them with you.

Okay are you ready?

So there are seven. Number one – Millionaire Mindset.

Not surprising is it? This is all about how do you get into the mind of a millionaire. People think “oh that’s all woo-woo fluffy stuff” but actually it is the most important thing, because your mind controls your actions.

If your mind is not that of a millionaire you will do things that millionaires do not do – you sabotage yourself over and over. You won’t earn as much money as you want to or you get it and then give it away.

Your brain will do things to get rid of the money and you don’t realise you’re doing it it’s only when you start reflecting afterwards you can see “oh yeah I can see that now” so it’s controlling your behaviour subconsciously so millionaire mindset is number one.

It underpins everything.

Number two Invest – gotta make your money work. You can’t get money by just wishing it – it would be nice but it’s not gonna work.

Number three – Live below your means (this is L we’re spelling out millionaire by the way)

Next L – Low-key life. This is all about de-linking significance from wealth, which was such a key thing for you. So I talked to you about my childhood and you can see that I had a significance problem, I felt lower class and I wanted to prove I wasn’t. This was stopping me from becoming wealthy.

Number five is Imitate, I is for imitate. This is all about imitating other people, other wealthy people.

Six – Offspring, this is about the kids. Most of us have got kids, certainly most of the people we speak to or thinking about having kids at some point in the future so it’s how do you deal with that. How do you deal with money and children.

Number seven is Net worth. Really important because that determines – are you a millionaire? Have you made it?

We interviewed these millionaires and there’s some really surprising overlapping habits. Now we can’t teach you everything today in the little amount of time we have together. We’re gonna do our best. We’ve picked out a few key elements and and some takeouts that you know you can go away and implement straight away.

MILLIONAIRE MINDSET

Let’s start, Sarah go for it number one – Millionaire Mindset.

So we both changed our attitudes hugely when we decided to become financially free. We hit a really low point if you’ve heard our story. George was in a really bad place with his work and we decided that we didn’t want to work for anybody again, we wanted to become financially free and we wanted to have enough income coming in we didn’t need a job.

That changed our mindset hugely because we were now focused on something and we weren’t before. We were spending pretty much all of our money and just by having that focus that really helped us.

We had a lot of negative verbal programming, particularly George. “We can’t afford it” was something that we had in our mind we’ve both been told that growing up. It’s used a lot now and every time that pops into our head we have to reframe it so “we can afford it but we’re saving for this” or “we can afford it we want to buy a house” or “you know we an afford it but it’s not that valuable to us”.

My son really wants us to buy a Ferrari – no. Sorry not not gonna happen because it’s not that important to us. I’d rather spend the money on something else.

Money doesn’t go on trees was another big one that that was in my family and it’s just a scarcity mindset we both really had and that’s something we’ve been working on for a number of years just to reframe that and even if it’s literally you catch yourself saying something to the children and then you just have to reframe it verbally to them “yes we can afford it but we’re doing this instead”. “I would have to sell one of my houses to do it and it’s that’s not that important to us”.

Purely because we’re trying not to raise our children with that scarcity mindset, but it’s difficult because it’s so wired in.

So now how do we think about money? Money is a tool, it’s a concept, money is abundant – one that we keep trying to wire into our brain and it’s how we try and wire other people with that as well. Money’s everywhere, it’s fictitious, it’s ones and zeroes isn’t it and they’ve printed so much of it, printed trillions in the last year.

Exactly, all the governments are doing it, there’s money everywhere.

Another thing under money mindset is taking responsibility for your money and paying attention and focusing on your money, because if you live with your head in the sand or if you don’t know what your net worth – how much money do you have, minus how much debt do you have. We don’t include stuff like things in the house, or cars and things like. So it’s your assets minus your liabilities.

Unless you focus on it and you track it, it doesn’t grow. When you focus on it it grows, and when you you track it your brain automatically thinks of ways of making more or spending less or how to grow that number. If you have no clue it it just tends to not go anywhere.

We have a special wealth tracking template for property investors that we use every single month so we know exactly where we are and all of our mentees use it as well and people taking our courses because if you focus on it, it
will grow.

We thought we would give away a free book. So this book, we’re giving away a number of copies. We’re only shipping to the uk, so if you just go on to stealthmillionaire.co.uk it’ll go through to a link and you can put your details. Or you can go on Amazon, it’s about 12 pounds, but we’re trying to send a load out to try and really help people at the moment.

So we’re talking about “MILLION”

INVEST

Now we’re doing Invest – yes this is where the money comes in. So looking at my story, one of the things we did after me reaching an all-time low at work, was when when when we decided I would take the leap and quit work for good.

That was really scary. That’s why you hadn’t done it before that point because we had two toddlers at the time, we’ve still got two kids look they’re bigger now! But they were toddlers at the time. So I was on a decent corporate
salary, and that would be gone completely. We had a a bit of income coming in, we had a small rental property portfolio at that point, we had some passive income coming in. Some money that just came in every month without having to do any work but it was nowhere near enough, it wasn’t anything like my corporate salary, nothing like it.

There wasn’t going to be enough to pay the bills in a nutshell because our expenses were much higher than the money we were getting from property at the time so it was scary.

That’s why I hadn’t done and I was really worried that we wouldn’t be able to to live, to survive. How do we eat? How would we keep the electricity on? All these things going on in our minds, how long could we keep going on those savings so that was a really scary time for for both of us, for all of us. The kids were too young to be aware of it but for Sarah and I, it was a really scary time.

What he wanted to talk about was multiple streams of income.

It’s bandied around on youtube a lot, but people don’t talk about the reality of it. In effect it’s just having more than one income stream – what is that? So if all you have is your job, then you only have one. If you get made redundant or fired, or anything like that and let’s face it, unemployment is shooting up at the moment so hundreds of thousands of jobs are going every month. So it’s a possibility you could lose your job tomorrow.

What are you going to do?

Have you got any money in the bank? Most people have less than 100 pounds in the bank and can you last a month on that with your family?

So hopefully this is a wake-up call for everyone that you need to have another stream of income, at least one, and it’s a good idea to build up one at a time not to try and do five different things because then you never get good at any of them. It’s always good to think, right I’m gonna do one. I’m gonna get it going get it going well, make sure the money’s coming in and it’s steady.

Ideally you’ve got your job income coming in so you’re building your second income stream whilst you’re working. That’s the safest thing, then if anything should happen because if you’re self-employed and you get injured you can’t work, you’ve got no money, so that’s that’s worse if you’re self-employed.

You should always think, okay what is the next income stream I could get? I’m just gonna focus on that and the thing that we loved about property, we tried so many, we’ve created so many businesses over the years and most of them have failed and it’s not surprising because that’s the statistic. If you can make it past five years you’re doing something really good.

What we really liked about property it was it was guaranteed, it was going to succeed, so it’s so guaranteed that there are so many banks willing to lend you money to go and buy property and actually it shows how much faith they have in the property market. Obviously you still need to know what you’re doing, because you know you could go out and get a 6% return whereas we could go and get 20% return So there’s a big difference in how well you can do.

There are things you can do on your tax if you don’t know what you’re doing you’re gonna pay a lot of taxes if you know what you’re doing you’re gonna pay a lot less taxes. So there is a lot of knowledge that you need to have, it’s not simple as just going out buy a house think you’re gonna make money. Any business has stuff to learn. You can wing it, but you’re much more likely to do well if you know what you’re doing.

You can triple, quadruple, ten times your results if you know what you’re doing, so why waste your money and just wing it on the first one it’s just not worth it.

When we interviewed the the stealth millionaires what we found was that it wasn’t seven streams of income, which is that the figure you see, for them it was three to five. We saw another survey
which they had found it was five so that gives a lot of confidence in our number.

It depends on how you define them. For us we define buy to let as a stream of income but obviously we have multiple properties within that so you could have seven houses and classify those as seven streams, that’s not how we define it.

Let’s say if we were talking about Buy to Let, which is just you get a property rented out in the private sector, it’s a private tenant, we count one strategy. Therefore there’s only one one stream of income no matter how many houses you’ve got in here, it’s just one because if something should happen that affects all of the BTL sector then it affects your entire income stream.

With the millionaires, they have between three and five, that seems to be the average that I can see.

So what does that mean for us? So we have Buy to Let’s, Rent to Buy, which is helping people to get onto the property ladder, people that perhaps can’t get a mortgage at the moment they want to buy a house, they
want to live in their own home. We buy houses for them and then they move into our properties and in a certain number of years time they buy them back off us so it’s similar to buy to let but it’s got a different kind of exit strategy.

That’s quite a nice one because it’s good for us good for them. We own commercial property as well. The easiest way to think of it is anything that’s not residential basically. Like a shop on the high street, that’s commercial property or an office or a warehouse something like that. So we own commercial property because it generally gets affected not quite the same as residential property so in some ways they’re linked, but the tax situation often is different so it’s good to have two different ways of doing it.

So if one gets affected the other one doesn’t so much, so it’s a bit safer. So a lot of laws and legislation only affect the consumer, the residential portfolio. It doesn’t affect the commercial portfolio and there’s a lot more leeway on the commercial so it’s good to have both.

We also have lending on developments. We lend on multi-million pound property developments. At the moment we’re doing two. One is turning an office into nine apartments, another one is turning converting a hotel into 15 luxury apartments. We’re not doing the work here, we’re lending the money to somebody and they are doing the work and we just get money back plus interest.

So it’s passive the way we do it. We create our business to be passive so every time we do something in the property world we think, okay, could this be a passive strategy? How do we make it passive? Because most property investing strategies are not passive. You have to know what you’re doing and how to set things up to make them passive.

There’s a lot of unicorn strategies promoted, about how you can systemise something and make it passive. You choose the wrong one, it’s not going to be passive. It doesn’t matter how much systemising you do.

We have some shares as well, but that’s just a tiny part of our portfolio we don’t really do that much in shares because we want stuff that gives us cash flow every month. If there’s no cash flow – you say no.

So we have some active business, which is where we offer some training courses to teach people about property investing and financial freedom. We have books and some of that is active, in that we would have to actually promote it if we wanted someone to buy it. But in terms of delivery it’s all delivered instantaneously online, so actually that part is as passive as possible. It’s already done, we already recorded it.

So that’s investment. I hope that that helps you start thinking now about what you can do for your second income stream and you want to do something low risk. I want to really stress that, because the wealthiest people in the world – they don’t take risks.

They don’t speculate on whether something’s going to go up. They take things where they know there’s a trodden path and it is guaranteed to make money. So all the speculation of bitcoin and everything like that – don’t get sucked in buy it and you want cash back. Cash flow, if it doesn’t pay you every month it doesn’t matter how much speculation you do, it doesn’t pay your bills.

LIVE BELOW YOUR MEANS

We’re on L now aren’t we? So the first L stands for Live below your means, which does not sound very sexy does it?

Is that like living underground?

No it means you are spending less than you earn.

No bunkers required. They’re really expensive

Frugal but not cheap. We are frugal people. Frugal means you’re buying value, you’re not buying cheap stuff. Sometimes it can might mean buying cheap things like the cheapest baked beans if they taste fine and the ingredients are good, but value can be really expensive.

A couple of examples. I’ve had one watch for years. I bought a number of watches over the years and they used to keep breaking and it really annoyed me. Then on my 30th birthday I thought now I’m going to buy a nice watch and I spent a grand. It was a lot of money on a watch but I’ve still got it and it’s still going strong and over the years it actually has cost me less than buying say you know £100, £50 pound watches because it’s just keeps going,because it’s it’s a quality item.

So we’re not advocating spending no money.

George
I’ve got a six thousand pound watch.

Sarah
Exactly, you’ve had that for a really long time. We’re not saying go out and buy a six thousand pound watch!

We’re just saying it doesn’t necessarily mean that you’re buying the cheapest stuff or you’re not buying anything at all, so don’t freak out, you’re all good.

Another example. It almost happened by accident actually when we were starting to do our cost-cutting. I looked at our food spend, at the time we were buying food from Ocado because it was very convenient at the time they had a one-hour delivery slot and I don’t think many other people had that.

But I put the same basket of food – literally the same things – so I wasn’t buying like really swanky top grade stuff – just normal food into the Tesco basket and I did it because I was actually working with the Scouts at the time and I was going to buy a load of stuff at the camp. I thought okay, I’ll check on the Ocado, oh that’s a bit expensive. All right I’ll check on Tesco’s, and it was literally half the price.

It terrified me, the number of years that we’ve been spending that extra money just for having effectively a nicer van.

They saved us about 300 pounds a month, which is a huge amount of money, so just by buying literally the same stuff from Tesco’s rather than Ocado we could effectively take a spa break every single month for free.

So it doesn’t necessarily mean that you’re buying cheaper stuff it just means that you’re being more sensible about what money you spend.

If you buy a bottle of Veuve Clicot from Waitrose and you pay more than of a bottle of Veuve Clicot in Tesco’s is there any difference in the bottle?

We don’t have shares in Tesco’s by the way guys but we do shop there!

George
So I had a different story and again it was all status driven because I was in this status trap for many years. I don’t know when I finally got out of it, some point in my late 30s.

So you know there’s this thing about keeping up with the Joneses, trying to be ahead of everyone else. That was both at home and at work. So keeping up with the Joneses at work where everybody’s wearing flash clothes in the
corporate world. It’s harder when you’re going into an office every day, everyone’s bringing out the Louis Vuitton handbag and you feel like “oh I’ve got to get…well I wasn’t going to go and get handbag.

But you feel like you’ve got to do the same you’ve got to do one better. It feels like a bit of rivalry, everyone’s in like tailored suits and I think I’ve got to get to get a tailored suit. I’ve got to wear Armani. So you start thinking like this.

I felt compelled to do these things, I felt compelled to spend all my money just to show I wasn’t poor which is scary, is crazy and makes no sense whatsoever but if you’ve been in that trap then you’ll know exactly what I’m saying and that it makes sense to you.

Shall we tell them what their names were? The were literally Mr and Mrs Jones.

So trying to keep up with the Jones’s, that was hard.

The thing to remember – you’ve got to try and see observe what people do. What you think is happening and then there’s what people do.

So we started paying attention. It took a long time to get in my thick skull as to what was going on.

One of the things with our neighbours was luxury cars. We would go and buy a luxury car, with cash. So I had a stream of luxury cars, BMW’s, Land Rovers, Lotus. And generally we just go out, buy them cash but a whole lot in one go, bam.

All the money in, shocking depreciation. And then we’ll sell them after three years, two years and we would lose half the money. So that that was bad.

So when we were buying these brand new cars they were buying them three years old, putting a private plate on them and they were basically skipping that depreciation curve.

One of the cars we bought was forty two thousand pounds in cash that we put in, and we sold it three years later. We lost twenty thousand pounds.

Whereas, they’d be starting at that point. They’d already gone past the 20 000 loss and they would then get a higher spec version than we had. They probably spent less money than us and got got the really nice version.

That was one thing you could see them doing that and we started to think after a while – that’s really interesting, why are we being so dumb?

Another thing was lego. Every parent wants to spend loads on the kids or most parents do. You want to shower them with gifts and that’s another conversation! We’ve reigned that right back now.

Lego is not cheap stuff. Like a big plane or something like that and you’re into the 100s.

Like that time when we bought the houses of parliament and and my son wasn’t even interested. It was 50 quid, it was just tiny.

So we sold that one on Ebay!

So we’d buy this one thing and then they’d go and buy a whole bag of lego or bucket of lego or a kit that was just used, multiple kits.

One of the things is that when you give one of our children (and I’m sure everybody’s children are the same). You give them a toy for a week you wouldn’t know it was brand new.

Then the lego just ends up with all the other lego anyway. If you buy lego second hand you can get two or three times as much for the same money.

We started thinking that, actually we were wasting tons of money.

You can make your money stretch further so instead of buying one car at this level you could buy one car at a higher level and for less money. You consider buying one box of lego, you can buy five boxes of lego.

You’re spending the same or just spend less on Lego.

And then getting getting your haircut. So I was going to this trendy hair salon and it was mainly aimed at women.

He was getting a nice cup of coffee there. He’s just going to the barber – no cup of coffee. You just get the job done you get out.

You can use that time to earn more money!

That was like a third of the price so he started to realise after a while – wait a minute this guy is really smart. He’s making his money just stretch so much further. He’s getting so much more value. He wasn’t getting anything that was worse. The same quality or better than us, for less money.

If you want a Louis Vuitton handbag, you buy the secondhand handbag (provided it’s real, that’s that’s always there you know, you don’t buy the fake one)

So I think, spend less on things that aren’t important.

So as an action to take out this – spend less on things that are that aren’t important to you, and spend more on things that are really important to you. Things that you value the most, and make your money go further.

You could you buy it secondhand and buy something even better and then have enough money left over for a nice holiday.

If you would like a copy of our book Stealth Millionaire, go to the stealthmillionaire.co.uk website and click on it and we will send you a copy in a post, but only in the uk.

The thing is once once you become a millionaire and once you’ve got the financial freedom then you have the freedom to choose. You get to choose how you spend your days. If you want to spend them with your family, if you want to spend them traveling around the world. Or you want to spend it helping people on the radio!

Thanks for listening, that was really cool.

Please subscribe and forward to all of your friends. It helps us out.

Thanks very much and we’ll see you next week, bye.

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Best wishes, Sarah Choy & George Choy
Creators of the Stealth Millionaire Programme

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7 Millionaire Habits That Changed My Life
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7 Millionaire Habits That Changed My Life
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People often ask us about our millionaire habits, millionaire mindset and how to become a millionaire. Do these 7 every day to get rich…
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My Castle Property Training
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