If you don’t know that already about Lai Seng Choy, he didn’t claim himself a self-made millionaire. But he admitted he controls his expenses very tightly. Case in point – if our monthly expenses is MYR 3500 a month, we are likely to feel financially free with MYR 1 mil of net worth. But if our lifestyle requires an expenses of MYR 15k a month, we won’t feel comfortable even with MYR 1 mi net worth. It’s the perception and different people have different standards as well. These are some of the more elaborate points to take note arising from this last session of the interview. After all, there is not definite yardstick, it is about achieving financial freedom in your own terms.
But mindset matters, as advocated by Lai. For him, it is having a set of solid financial objectives and the faith to go with it. Law of Attraction, anyone? You hear it from this man, and you hear it from my good friend and mentor, KC Lau in his article – How to Attract Money into your Life.
Learn from Lai Seng Choy on his proven, time-tested, 10 minutes/day stock investment process in the Invest Bursa course. Enter your name & email below to get an exclusive, full length 60 minutes video recording with Lai showing you this..
Further, Lai quoted how he first bought his first house, with so much complications. His first financial objective at that time – to settle his housing loan in 7 years? Yea, you heard that correct – 7 years? Who in the sane mind does that? That could use up 100 percent of your monthly income – and yes, Lai did that. You have to listen to him below on how he did it.
Then I proceed to probe Lai Seng Choy what car he is driving, and in the process, we end up whacking our national car…ahem…Proton. I don’t want to spoil it for you, it’s pretty humorous but you got to listen to the part starting at 9.50 mark.
Now while readers know that I am invested in M-REITs, and run the first online course on REIT investment – Lai Seng Choy is much more experienced than me because he started investing in REIT way back when the REIT sector was still in its infancy stage in 2005. Go to 12.20 mark to listen why he believes in REIT investing.
Courtesy from the editor from Kanyin Publications, we want to send you 2 copies of the book Freedom by Lai Seng Choy (priced at RM 38.90 at bookstores nationwide). All you have to do is answer this question:
What is the most important take-way after listening to Lai Seng Choy interview?
Post your replies below
Winners to be announced 29 Jan 2013
Update: I wish I could give everyone who posted excellent comments below but I only got 2 limited copies from publisher. I am getting more books for publisher to be given away in later articles. Please keep the comments coming in – love to hear them. The winners for this round are Carina because she has been consistently commenting for the last few giveaways and Denise because she showed me personally she did cut her credit cards (unbelievable!)
If you miss the previous episodes, click on the links below