How to Become Wealthy

This week we discussed how to become wealthy from nothing, so you can live your dream life from a young age. Here are our top 4 tips to become wealthy fast…

How to Become Wealthy | Sarah & George Choy
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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:


It’s what everybody wants – how to become wealthy, how to make money, how to become a millionaire. These are the questions we get asked all the time.

So we didn’t start off wealthy. I just want to tell you that if you’re not wealthy now, great, then you’re starting off from where we started. So I grew up on a council estate in quite a poor area and when Sarah and I got together many years ago…..

We started our life together with 400 pounds of credit card debt, so that was all my fault, it was all on my card and I couldn’t pay that off. Every month that would go by I spent all my money I had nothing left. I just paid the minimum payment on that 400 pounds and then it went round again. This was about 25 years ago so that was that was obviously more money then.

You didn’t even tell me. So maybe it’s at least double that now maybe it’s like a thousand pounds in equivalent money. But you weren’t earning all that
much at the time. I think I was earning 16K. I don’t know for how long, a very long time so that’s kind of where we started out in life.

So if that rings any bells for you, if that’s something you can relate to then there’s plenty of hope for you.

I had a really stressful corporate job, really high stress really long hours and eventually we decided things, it got so bad that that I quit my job I left and had nothing to go to and that was scary.

That leads us into our first tip yes so we’ve got four yeah there are four.


So humans naturally model they actually copy each other. So it’s how we learn. You look at children you look at toddlers, whatever you do – they do so if you’re going around the house swearing all the time then these little two-year-olds and three-year-olds are
coming out with that too and you’re thinking oh no, how embarrassing it’s because they’re copying you or they’re copying it from their friends in preschool and school.

So they like to copy you and if you’re chopping things up or whatever they’re pretending with their plastic cutlery to go and chop things up. So do what
you want them to do don’t just tell them what you want them to do.

So where does that fit into wealth? Well, when I quit my job and I asked myself the question, okay, if I had to become financially free in six months, I didn’t need to work again that all the money would just be coming in automatically, what would I need to do to make that happen?

So that was a question we asked ourselves and that’s quite a hard hitting question. It’s like, okay, you’ve got six months – go. So we actually spent two years researching how to get there and what we did was we looked at other people that had become financially free, other people that had managed to have all their income coming into them passively so that they didn’t need to work anymore.

There’s a lot of people people out there that teach you how to grow your wealth and they talk about financial freedom but when you look at their actions how many of them are actually financially free?

So that that was the hard thing actually. Finding people and what we found was there were very few people out there, it’s a very small number we found them but it was really difficult and they didn’t teach you how to do it either. No, you just got like snippets, you just learnt bits and fragments of what they did in order to get there and there was no course or anything like that at the time.

Most of them still don’t have any kind of course they just are financially free. So we had to just try and find out how was it really done, not all the BS out there about how you can make money but how is it really done?

As Tony Robbins says “success leaves clues” so what you do is for any goal you want to achieve whether it’s for weight loss or or anything else or something academic or something in your career if you find someone who has achieved the results not someone who talks about it but who has achieved it, they’re very different things.

Find someone who’s already got that that lifestyle and then look at what is it they actually do. How have they got to that point and then learn from that. What can you copy, so how can you model that in yourself, how do they think?

You can think to yourself what would so-and-so do? So if you were following us because we’re financially free and we did it when Sarah was 39 that we didn’t need to get into work again from that point. You could think to yourself okay what would George and Sarah do in this situation?

Think of us as your little mentors and then you can have a virtual mentor, you can have mentors that you are interacting with in real life but you can have mental mentors. You can you just start to learn their language, start to learn the things they come out with, the messages that come out consistently over and over again but the most important thing is the actions.

What actions are they taking, what do they do? So if you can you aim to learn from that so success leaves clues you look for these little breadcrumbs of things that they do and and that can help you the easiest.

We’d recommend that for whatever goal you want to achieve you aim to pick one guru to follow and just see what do they do and just like kind of live and breathe them and then that way you can get into their mentality, copy their actions follow their thinking and replicate it for yourself.

So we do this, we have people that we follow, say for marketing for business for health for fitness. We have different people for spirituality. So we’ve got one person that we line up for each of those things and for many of them we have actually paid to get into their group, paid for their training, paid to get close contact, to get proximity as they call it.

This is one of the fastest ways to get in with people is to actually buy your way in. So quite often we will buy our way in, because you can’t just dither around on the outside for years and years nothing ever happens.

You can start off when you’re looking for somebody to emulate or you’re kind of inspecting gurus to see whether or not they are a good fit for you and they’re a good fit for your goals. The cheapest thing to do is to read their books, follow them on youtube, look at them on social media and then you can work your way up once you find one that sort of resonates with you.

Because quite often you’ll find someone, and you think oh that sounds all right but their message doesn’t quite gel with how your ethics are, or if you find that they’re actually kind of swerving one direction and you’re thinking about going a different way you can obviously then funnel it down to who you’re really interested in.

Then we tend to immerse ourselves in that person. So it’s like with Deepak Chopra – I’ve been reading his spirituality books for last couple of years now. I’ve probably got a bookshelf with about 15 or 20 of his books and I’ve just been working my way through his back catalogue because he really resonates with me so I’ve learned a lot from him.

So that’s one way to do as I say. As to what George was saying, you can pay for their courses you can pay for their time, either mentoring or working with them in some way.

So one thing on this, is to admire successful people. Some people tend to look at people with wealth or people who are a really fit person online.

Some people can feel quite resentful, and it’s not a particularly healthy way of looking at people because you tend to get what you focus on.

If you’re looking at this really fit person or very wealthy person, you’re thinking “that’s a horrible person, they must spend all their time exercising and they must take loads of drugs” (for fitness obviously not wealth), and if you’ve got negative feelings towards them, you’ll naturally move away from that.

So you need to look at these people and actually have positive feelings towards them.

It obviously helps if you find somebody who you resonate with because you wish them well.

By wishing them well you will follow their path consciously and subconsciously, because even if you’re say following them consciously but your mind is actually thinking “those horrible people, they’ve got loads of money I hate them” you’ll actually take a lot of subconscious actions to sabotage moving in that direction as well.

That’s something to bear in mind to find somebody that you really want to do well in their life.

Building a network of people who are further advanced than you in the particular area are looking to improve. So say if you’re moving in the property world, you would want to find a network of people who had done more than you, ideally. Rather than just lots of people who are your level or further
behind, because they’ll naturally move you forward, and you’ve got people to ask questions about moving forward.

Rather than just being in a group of people who are doing the same kind of stuff. That’s more useful than not having a network but if you’ve got people to emulate and copy that will help you move in the direction that you want to move.

One thing is, that when people are higher than you they often don’t want to spend time with people. So you have to work your way in somehow. You have to bring something to the table, normally its money.

You can either invest in them, or you can pay for their courses or pay for their time. Generally you’ll find some people who are willing to spend time with people, because they’re just looking to give back but normally people are very busy and they’re not necessarily going to want to spend time with people who are brand new.

Because they’re looking to spend time with the people above them. Exactly.

A great resource for you is Stealth Millionaire – a book we wrote, and it has interviews with other millionaires and it shows what are the common habits that they have together what are the things that they do every day, every month. The things they will invest in and the things they will not invest in ever.

So that contains all of that information and you can get it for a limited time for FREE at


Now what does that mean?

Well, let me ask you a question. So would you rather pretend you’re wealthy or actually never need to work again?

Take one of those two choices, which is it? Pretend, or never need to work again and be wealthy?

Some people will choose number One.

I know because they don’t know any better, yet, yet.

So one of the problems is that if you’re burning through money all the time just to display wealth, just to show that you’re wealthy, then you’re setting yourself back from early retirement or actually being wealthy for years and years and years.

So what if you didn’t buy that car you could retire tomorrow?

It can be as simple as that for some people, just that one tiny change –  you don’t buy the car this year, you lease it instead, or you keep the old one. Now you can hand in your notice quit your job for good.

You reinvest that money, missed that one important point out there!

So I’d say that’s a really good thing, live a low-key life. So think, okay, I’m going to prioritise becoming financially free first, before I try and live a flashy lifestyle. Before I try and show others that I’m wealthy when I’m not really wealthy, because that’s the thing – it’s not real.

The other thing is you only do it to impress other people and you don’t necessarily know these other people. So that’s the weird thing.

You start thinking, okay, I’m wearing all these flashy clothes to impress people that I don’t know and don’t necessarily like to go on instagram and pretend I’ve got this amazing life, when I could actually live that life and have it for myself instead and not go through that.

Let’s pick out some people that you might know, that you might recognise. Let’s take Mark Zuckerberg at Facebook. So he’s worth the tiny sum of 115 billion dollars. Okay and what does he wear? Is he in a flash power suit?

Nope so you’ll catch him in a grey t-shirt and a pair of jeans and trainers and that’s his uniform every day.

One of the reasons he does it every day, is to eliminate fashion fatigue? Mental fatigue? Decision fatigue. Because if you wear the same thing every day you don’t have to think about it. You can then focus all your mind on other things because, what you don’t realise is you make thousands of decisions every day.

You open your email, there are email messages. You open up Facebook, there are all these Facebook notifications.

Even to delete an email that’s a decision you’ve had to make and you’re deciding what you’re having for breakfast you’re deciding what you’re having for snacks, and so on. What clothes are you wearing?

So you make thousands of decisions every day and all of this tires you out. So he is trying to make things as automated as possible. So he wears the same outfit every single day. He doesn’t think about it just pulls it out put it on, so it’s nice and easy.

You’ve got the bank of decision-makingness that’s not a word.

I’m sure there’s a proper word for it, to actually make the important decisions. So you’re reserving that by not having as many decisions in the morning.

Going back to status again. So Mark Zuckerberg  – grey t-shirt, jeans, trainers, that’s what he wears every day. $150 billion, he’s also got $225 million in real estate so he also dabbles a little bit in real estate.

Then the late Steve Jobs. What was he in? It was always a black turtleneck sweater, always, and a pair of jeans. So again, he’s not in a power suit.

You look at Grant Cardone 10X, $1.4 billion of real estate. What does he wear? Pretty much every time you see him he’s in a black polo shirt or a black hoodie with his brand on, 10X on it. So he doesn’t even pay for the shirts, no just get some free just getting the company to pay for them so he doesn’t even wear his own clothes!

So all these people you think “wait a minute, they’re just in jeans and t-shirts all the time”.

These are the people that have got the money, with the serious money. They’re not in the suits, they’re in the jeans and the t-shirts.

I’ve got a number of photos with me and a bunch of multi-millionaires, all standing together and there’s no way in hell you would know any of us were millionaires. I’ve got a picture with me and someone with almost one billion pounds and I’m standing next to him and again you see the two of us you wouldn’t think “oh yeah, he’s a billionaire or nearly a billionaire” you’re just not gonna know.

That’s the weird thing, if you if you went to a property networking meeting and you had a bunch of us worth over a billion pounds, just a couple of us sitting in the corner and then you saw all the people in the suits. All the people in the suits would be the people like the estate agents – they’re trying to sell somebody.

They’re trying to impress, so if you do go to one of these networking meetings look for the people in the jeans and the t-shirts. They might be the ones with the money.

So why do we do that? Because we just dress for comfort now. We don’t care what we wear, so we’re quite happy to walk in, jeans, t-shirt, into anywhere. We don’t wear dress shoes.

I remember a long time ago, I was in London and there was this supercar parked on the street and and I was taking loads of photos of it. I was like “oh my god, this is amazing”. So I’m being a real geek and there’s a guy standing next to me and he goes “it’s really nice isn’t it? Yeah, it’s awesome,
because it’s mine” and I looked at him and he’s wearing blue jeans. He was wearing a sweater as well and he had a black woolly hat on and I thought maybe this guy’s a builder or something.

I actually said to him “no way” and then he went and then got in I thought oh okay. Maybe he’d mugged the guy?

So I just wanted to get over to you that all this impressing that you’re doing, is because you’re not there yet. So I’d like all of you to think “I want to be in the jeans and t-shirt brigade” When you’ve made it you think “screw that, burn the suits, I don’t need them anymore”.

We’ve kept one haven’t we? We’ve got a black suit and maybe once a year it might come out. Not this last year though.

Every time I put it on I think “does it fit?” because it’s been so long and even the shoes, I don’t wear the shoes anymore. I’ve got these cufflinks and things again I don’t wear them anymore.

So stop thinking about impressing other people because this is delaying your financial freedom and early retirement and it’s holding you back years and it was certainly was holding me back for years. Trying to try to prove status rather than to actually get there myself.

One of my friends, Richard, who’s also mentioned in our book Stealth Millionaire. He said that he was he was wasting £1,000 a month on clothes due to work. It’s kind of expected if you’re in that environment, it can be very difficult, so the sooner you can get out the better.

It’s like trying to keep up with your peers, someone brings out a Louis Vuitton handbag or a Hermes handbag, and you think “oh I’ve got to get one of those now”. So there is a bit of peer pressure.

I haven’t got many handbags, to go with my Jimmy Choo shoes that I wear now!

So I used to spend lots of money on big brands and when I look back I just think “wow, wow how much faster could we have grown our wealth, how many millions would we have if I hadn’t done that?”.

So really it’s a learning curve. I’ve learnt from it now. So now we just wear what we want to be comfortable. To enjoy ourselves and I do like the idea the Mark Zuckerberg, of wearing like a uniform every day.

You might notice that that change at some point, maybe, we might do it but there is a certain sense of freedom in that.

I was a personal trainer for a little bit, so I got a sense of what that felt like and it was quite liberating. The fact that you just got out your outfit every day and you just put it on, I wore superman outfit of course! Occasionally, I do have one.

It was very liberating.

Okay so the other part of this is having less stuff and doing more stuff. It’s kind of a mind shift as to having less things, and having more experiences. Because ultimately, you can’t take it with you when you go. But you can create some amazing memories instead.

In fact we’re moving very much that way and have been for a number of years. I’m trying to get rid of stuff in my house, I want less stuff. But we want awesome experiences.

So just one little story to tell you. Literally last weekend. We were speaking to our kids about a month ago, saying for holidays this year “what is your number one thing that you want to do?” They really wanted to stay in the Legoland hotel, because we’ve never done it before. We’ve been to Legoland loads of times but we’ve never stayed in the hotel and some of their friends had and they thought it looked really awesome.

I thought, okay, but we didn’t tell them and we actually booked it. It was a secret, we didn’t even tell my mum, it was very hush-hush, because we didn’t
want them to find out and then on the morning that we were going, we told them.

We actually filmed it because we knew that we wanted to show them and keep that memory. And they went nuts, they went completely crazy, they were so grateful and so happy.

We went Sunday to Monday, which was a bit sneaky. We took them out of school, they’ve missed so much school this last year I’m not fussed, frankly. But we were able to do that because we don’t have a boss to ask. So it’s like “should we go on Monday, yeah, why not, okay, boss says yes”. So we were able to do that (she’s the boss).

Because we went on a Sunday-Monday it was really, really quiet on the Monday, because it was a school day. There were lots of parents and toddlers, and there was us with our big kids and everyone was looking at us, like okay.

We managed to go on all the rides that we wanted to by about lunchtime on that Monday. They were they were shattered, we were all so shattered by that point.

The hotel room, it was fun. There was a treasure hunt, we were all in one room, which was a little bit weird and I don’t know that I’d actually want to repeat that, but it was okay and it was exciting for them.

They had a bunk bed, we formed a new memory. We managed to go on the haunted house ride which they they hadn’t ever managed to go on before because it always had such a stupid queue. Because we were there on Monday and because we were right down that end of the park in the hotel we ran straight on.

But bizarrely it was terrifying. The whole room went round, it was really weird and they were freaking out after about 30 seconds and obviously you can’t get off these things so we’re not going to be doing that one again but at least we’ve been on it now.

We don’t have to worry about that one, is it’s been done.

So the one thing to say is – make memories.

Stuff, it just accumulates in your house and after about 10 minutes you get bored of it anyway. But a memory like that – the memory of the children squealing, jumping around the kitchen – something you’re not going to forget We’ve got a video just to show them when they’re older and embarrass them.

The other thing in tandem with this is – as you get bonuses and wage increases, you get promotions and so on, don’t upgrade your lifestyle automatically. You think “that’s investing money” If I invest that money I can get out of this job faster. Because the quicker you invest it, the quicker you can get out of your job.

Then after that, you have the whole of the rest of your life. So maybe you get like 50, 60 years to do whatever you want. Who knows maybe more maybe a hundred years


Your net worth is how much you’re actually worth – it’s your assets minus your liabilities, it’s your what you have minus how much you owe, basically.

We don’t count things like cars, because they just go down. Anything that’s an asset, that pays you money, that that’s your net worth. So we recommend that you track it and you know it every single month, your income, your outgoings, how much of your income is passive income and how much of your income is active income.

Income you’re actually working for. So if you’ve only got a job, that’s active income. It’s money you’re actually exchanging time for. Passive income is something coming in from an asset, like property or from share dividends.

So know all those figures every single month. It sounds like quite a big ask, but it once you get in the swing of it, it’s actually not that complicated and it’s worth doing.

So we have a special Wealth Tracking spreadsheet that we and our Stealth Millionaire Program students use. It really helps you focus on your goals and know when you can quit your job. Our goal is to increase our net worth and it’s to increase our passive income. That will only happen if you focus on it and if you have a goal.

Hopefully you’ll know what you’re making at the moment (or you will once you go and work it out) and you need to have your goals from there.

You can make goals for say this year – we tend to work financial year to financial year, it depends, some people run January to December. But however you work have a goal for this year.

Some people have goals for five years or ten years. What we’ve actually done recently, we’ve got like a an annual goal that we always go for, but then we have an ambitious goal, a really big goal, which is what we ultimately
want to be doing in each area of our life.

So we have one for health, relationships, spirituality, net worth, cash flow, all of these things. We’ve got these goals and when you first write them out, your really big ambitious goals they can seem really stupid. I’m never gonna get that. You write it down and your brain is retaliating, your brain goes “I can’t, I just can’t even fathom getting to that”.

Say if you’re like 400 pounds overweight, being the right size, that could be an unfathomable goal for you to have as your ultimate goal. Or for us, our income goal at the moment is 2.5 million – we’re not making that at the moment so it’s an ambitious goal and when you first start writing it down it can seem really dumb and crazy and in fact I found it really uncomfortable even writing it down.

We write ours down twice a day, so when we get up in the morning before we let the cat in the room (we learnt that one because we let the cat in the room then he jumps all over us because he wants his breakfast and he tries to eat my pen and scratches and it’s like, no thanks very much for that. So we let the cat in after we’ve done it.

Again we write it just before we go to bed.

So the thing with that is a it keeps you focused on your goals which obviously is a good thing, because it moves you towards them every day and it makes them seem less stupid over time. You get used to it. So say you write down your cash flow goal, you’re writing, down your net worth goal. Initially it seems really crazy, crazy, crazy, but after a while actually your brain even starts to believe it.

So, I think “yeah, I had £2.5 million this year”. I’m moving the correct way, I’ve got an amazing relationship with my children, you write it down every day and actually your brain starts to think that, that is what’s happening in your life and it changes your behaviour, even if you’re not deliberately trying to do anything specific.

One thing Tony Robbins says is where focus goes energy flows, so if you are focusing on your net worth, then all the decisions you make will head you towards that, even if you’re not consciously deciding to do these things, your subconscious is directing you towards that goal, all the time. Which of course is fantastic, it’s what you want you want, your brain on board.

So we’ve always had goals haven’t we, we’ve done this for probably decades and we have achieved those goals. It’s great if you go back, we keep some of our old goal stuff and you’re like “oh wow, I did all of those, that seemed so unambitious now. But at the time it was a difficult goal to get to.

So another thing to track, is where are you spending your money?

For some people they just don’t want to know, stick your head in the sand, pull it out! You want to be looking at your bank statements and your credit card statements, you’ll only know your outgoings if you look at it and if you work it out and ideally you put it in a spreadsheet every month.

Because if you notice your expenses starting to creep up, that perhaps that’s not such a great plan. If you’re at financial abundance you can do what you like, but if you’re still working towards that or working towards financial freedom you want to know that your expenses aren’t just creeping, because that can be a real problem.

If you start earning a little bit more, you start spending a little bit more – that’s not a good plan.

Frugal habits versus budgeting. A lot of people advocate budgeting. So say you’ve got a budget, £300 on food a month or whatever your family would usually spend on food and they can only spend that.

We don’t generally work that way. I think it can be quite useful for some people, perhaps if they’re just starting their financial journey and they are really struggling to control their spend. If you say okay I’ve only got £100 to spend on food this week for my family and you you tot it up and then you can spend that.

For us we tend to go with more frugal habits. So we just naturally spend the smallest amount that we need to spend on something, it’s kind of like a code that guides our buying decision. Do we need it? Can we get it second hand? Can we buy a cheaper version? You know there’s a certain number of questions we run through in our head and naturally it will bring it down to a level that is just completely sustainable for ourselves.

Different people have got different opinions.

All of the millionaires in the Stealth Millionaire book, they do the same, they don’t have a budget, they just live by a certain code of practice. That that helps them to keep their expenses contained.

One last thing is investing first, spending second.

Obviously you’ve got to pay your tax bill, you need to make sure that you are investing before you have kind of any frivolous spending.

So you want to be setting up some kind of standing order for x percent of your salary or x percent of your gross income however you’re paid, into some kind of savings. It’s gone you don’t touch it. It happens on the day after you get paid or on the day it gets paid, however, it works for you.

So that money is now gone, that is in your investment pot, so you don’t touch it and 10% is a good place to start – ambitious people go for 40%.

You’ve got to get your income to a level where you can save 40% of your money. It’s making sure that you are investing before you think “oh, can I afford to go out and buy that new coat?” No, you can’t, because your money’s already in
your savings pot over there, so you can’t touch that money. You’ve got to wait, to save up, or just not buy it. Go to a charity shop and get one instead.

It’s all about speed to get financially free. The only way you can get there is to stop spending it, invest a lot, get there quickly, then once you’re there, then you can do it. You can loosen the purse strings and do what you want.

By automating it, ideally you want some kind of standing order set up or like sweeping. You don’t even want to do it manually if you can, because you might be tempted to think, “oh my car needs fixing this month”, or something it’s like well that money’s gone. It ain’t happening.

That can be quite a hard pill to swallow for some people, particularly if they’re living quite close to the line, but you’ll learn how to live on less. You will adjust, if you just increase it, and increase it, you will adjust to it every time. The pain won’t be so bad.

Then you want to creep that saving percentage number up.

We’re talking about reining in your expenses, living by a code and using that money to invest.

You should invest both in your in the assets, they’re going to pay your cash flow every month, and also in yourself.

So it’s very important because you could get hold of somebody’s knowledge, if you can pay for somebody’s knowledge, you can compress decades of knowledge of mistakes and learnings into a matter of days. So then you can just exponentially accelerate and get there faster. That knowledge will last the rest of your life.

That’s the way we think. We have a training budget that we use for ourselves to go and pay to go on other people’s courses, so that we can tweak things and we’re always looking for “okay, what’s my payback going to be? How much money am I going to make after doing this course?”

So it doesn’t just have to be about money, it can be a certain course which is going to accelerate my health for example, or paying for a trainer if you need one. I had an injury and I went to a chiropractor. That’s worth the money to get rid of that pain straight away. So invest in assets, and also invest in yourself, it’s very important do both.

Tip four, the last of our four tips.


So kids are a liability, that’s all I can say. We’re hoping they’re going to become assets later, at the moment they’re definitely in the liability column. So I’m sure everyone that has kids, knows that kids will suck you dry if you let them.

You’re paying for their clothes, for school, you’re paying for clubs, you’ve got to feed them, you’ve got to give them somewhere to sleep all these kind of things.

You’ve got to have a bigger house generally as well – that can actually be one of the biggest costs of having kids, is just having a house with an extra room or an extra couple of rooms. Having to live in an area close to a decent school can cost you a fortune.

So there are hidden cost with having kids but we’re not saying don’t have them!

Just be aware that they do they cost you money but it’s not as simple as having them.

One of the fears we have, purely because of experiences we’ve seen of other people is that how they’re going to turn out in life. We want them to have a healthy attitude to earning money, to becoming an entrepreneur, to having a purpose in life, to do something they’re passionate about, that they love.

So they can do something and it wouldn’t be a job for them, that would be something they really enjoy and get paid for it at the same time. That’s something we really want them to do and we want them to give back. To want to give back, to contribute to society.

As I said the most worrying thing is that they will do nothing. We’ve seen adults who as children had money, second generation wealth children, and some of them have turned out fine, and others not so much. So we’ll just tell you about one. So there’s there’s one person and very wealthy family and they gave him a house, a million pound house, a very flash car and when that one crashed they just bought another one.

They paid him money to do stuff, so they made up a job for him, created a job for him so he didn’t really need to work. He didn’t really need to do anything and his parents would just carry on bailing him out and they’ll probably still be doing it by the time he’s 60. If he lives that long because, problems, it leads to a life of drugs and alcohol and all this kind of thing and just never never having any motivation to work or earn money because you just ask your parents for it they’ll buy you another house they’ll buy you another car they’ll just give you money for holidays.

So we are really quite mean to our kids, we’re lovely to them as people, but we don’t give them much. And we’re not planning to give them much.

My son the other day said “we’re rich” and I said “no, mummy and I are rich, you’re not rich yet, you need to make your own money, you need to go and get a job and then invest your money” It’s not really sunk into them yet, they look confused.

We don’t want to have children that grow up feeling entitled, that’s just very tricky.

If you think of our properties, we’ve got two million pounds worth of property. Looking to add at least another half a million to a million within the next 12 months. If you think of that property portfolio as a vehicle, let’s think of it as a supercar. Sp would you hand the keys to the child, would you give an 18 year old the keys to your supercar? And think, yeah go for it – no.

So as far as I’m concerned this property portfolio, is well tuned supercar and this person needs to go through driver training school before they can step into my car.

I want them to build their own business and wealth and know exactly what they’re doing before they get anywhere near my portfolio, because otherwise they’ll just trash it, they’ll just sell everything, they’ll just stack it into the nearest pole. They’ve got to prove themselves.

There’s somebody else I know and he was just burning through money all the time, racking up debt, mountains and mountains of debt, because he knew that when his parents died that would pay it all off. I mean, what kind of attitude is that? So he’s not building his wealth, he’s just building debt as much debt as possible.

So we’re we’re coming up to the end here, we thought we’d remind you again about our free book offer. So Stealth Millionaire, how to save money and manage your money like the rich.

So go to and we will send you a copy in the UK.

A lot of the concepts we’ve talked about today are actually expanded hugely in there, so you’ll learn a lot more about it.

We met someone, only yesterday, they’ve post-it noted just about every page in here, in two days, that’s scribbled highlighting it, saying “oh, I’ve got to go back to all these bits”. So it’s a really good book, you’ll love it.

So follow the tips from last week on “The 7 Millionaire Habits that Changed my Life” and this week and you will become wealthy, that’s the plan.

So we’ll see you next week.


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Best wishes, Sarah Choy & George Choy
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How to Become Wealthy
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How to Become Wealthy
How to become wealthy from nothing so you can live your dream life from a young age. Our top 4 tips to become wealthy fast.
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My Castle Property Training
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