Millionaire Habits You Need To Start Building | Graham Stephan EP 930

25 Mar 2025 · 6 min

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Podcast Notes: The Daily Motivation - Episode 930: Millionaire Habits You Need To Start Building | Graham Stephan

Podcast Overview

  • Title: The Daily Motivation
  • Host: Lewis Howes
  • Guest: Graham Stephan (Real Estate Investor and Finance Creator)
  • Episode Focus: Discussing millionaire habits and lessons learned from real estate.
  • Notable Announcement: Lewis Howes' book tour for "Make Money Easy".

Key Discussions

  1. Introduction to the Episode
  2. Lewis Howes introduces the episode and highlights the dual tour for his new book and the podcast.
  3. Promotes upcoming tour cities: Austin, New York, Boston, Nashville, Los Angeles, San Diego, and San Francisco.
  1. Lessons from Real Estate Sales
  2. Persistence: The importance of not giving up in sales.
  3. Reading People: A crucial skill in sales, learned from early experiences.
  4. Example: A misleading buyer who claimed he could purchase high-end homes but was not genuine.
  5. Lesson learned: Time is valuable; reputation can be impacted by bringing unqualified buyers.
  1. Financial Mindset and Relationships
  2. Frugality: Graham discusses how living frugally has not negatively impacted his relationship with his girlfriend.
  3. Emphasis on quality time over expensive outings.
  4. Real-life experience: Choosing inexpensive meals (like Subway) while maintaining social interactions.
  5. Importance of avoiding waste—taking leftovers home instead of letting them go to waste.
  1. Life Lessons
  2. Value of Authentic Experiences: Quality time with loved ones does not have to be costly.
  3. Mindful Spending: Finding joy in frugality and making conscious spending choices.
  1. Conclusion and Call to Action
  2. Lewis Howes thanks listeners and encourages them to check out the full episode on the School of Greatness.
  3. Promotes the Greatness newsletter for additional content and inspiration.

Key Takeaways

  • Author Your Story: The importance of the narratives we create in our lives.
  • Millionaire Habits: Essential habits to cultivate financial success and personal growth.
  • Value Relationships: Frugality can enhance relationships by focusing on shared experiences rather than expenses.

Additional Resources

  • Greatness Newsletter: Sign up for more inspirational content: [Greatness Newsletter](http://www.greatness.com/newsletter)
  • Full Episode: Access the complete episode [here](http://greatness.lnk.to/1382).

Upcoming Events

  • Make Money Easy Book Tour: Tickets available at [lewishouse.com/tour](https://lewishowes.com/moneyyou).

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These notes provide key insights into the discussions from the podcast episode, emphasizing the importance of mindset and practical habits for financial and personal success.

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Transcript

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0:00There are two big things happening at one time that I've never done before. I'm going on a book tour for my new book, Make Money Easy, and I'm doing a podcast tour at the same time. It is going to be big, and I'm going to seven cities in 10 days. Get your friends, get your family, bring everyone you know to these cities. I'm coming to Austin, Texas, New York, Boston. We're going to Nashville. Then we're going to Los Angeles, San Diego, and San Francisco. Make sure to get your tickets right now. Go to lewishouse.com slash tour. Again, bring everyone you know if you're looking to create more financial freedom and abundance in your life.

0:40And you want to see a massive guest live on the School of Greatness show. Get your tickets. I can't wait to see you there. Hi, my name is Lewis Howes and welcome to the Daily Motivation Show.

0:58What were the three biggest lessons that doing real estate sales taught you about life and business in general? I would say not giving up because with sales, it's like you have to stay on it and learning how to differentiate between like read people, I guess is a big one because I got fooled so often. Like as a young agent, you don't realize how many fakes there are out there. Like people who will just waste your time and pretend to be buyers. I had this dude. He walked into the open house and told me that he was in the market for like 25 to $50 million homes. The guy wasn't like representing himself in such a way where he could afford these houses, nor would a guy of that caliber, realistically trust an 18 year old kid who's like brand new.

1:41This guy was very flashy about like, oh yeah, I did this and my company does that like talking about i had no idea so i'm sitting there showing him houses and every agent is looking at me like is this guy pre-qualified blah blah blah and i'm like oh yeah he's good idiot and i remember one agent she had a listing and she's like bring him to my listing and i'll feel him out for you and she was there anyway and so he came there and she started asking him questions about like his proof of funds he literally goes into his car in his trunk and pulls out papers and hands it to her and she's like this is proof of funds it was like a word document the guy just printed out saying like x amount company blank this this and afterwards she said like this guy is fake he's not real he's not a real buyer but you'd already spent 20 listings showing him 20 listings yeah but then you also ruin your name in the process of like any time you bring a buyer by these agents remember that they know oh this is graham he's the kid who brought by this like really bad buyer he wasted my time i spent an hour setting up this house and like their time is valuable my time i got nothing to lose how has been living an extreme frugal financial lifestyle supported or hurt you in intimate relationship with your girlfriend?

2:50I don't think it's ever hurt. It's never hurt. I don't think it's ever hurt. I think there are cheaper ways to do everything. A lot of the things that you would do like in a relationship, they're either free or they're very inexpensive. Like I think it's more important to spend quality time with the other person versus like, Hey, we're going to go to like this fancy restaurant. I think there's a time and a place for that for sure. But I think at least for the first, like the dating period, it doesn't have to be expensive at all. I'm sure there are things going back where I'm I'm like, yeah, I should have done that.

3:15It was stupid. Like there was a car meet and I had budgeted that day only for gas. I didn't have enough for the food. And they're all driving through Malibu and they're going to like this, this fancy place for lunch. I got a subway instead. You know, I sat down at the table and I asked to serve really nicely because it was like a row of like 20 people. Can I eat my subway here? Oh my God. And they were totally cool with it. And I figured the tip that I'd leave them is way less than what I would have spent on this meal that I didn't need. I wanted a Subway. I didn't want to spend$50 on anything.

3:46Sure, sure. So I just left the tip instead. There you go. And I ate my Subway. If I were out with friends and there's extra food they weren't taking it home, I would be the one. You would take it home. Everything. Box it up. Everything. But I would get a whole meal out of that. That's great. Yeah. A whole meal. I need to take more stuff home. Yes. That's what I need to do. Nothing would. Not be wasteful. When I made one of my how much I spend in a week videos, I think my grocery bill was like a hundred and something dollars a month for food. I don't know how you'd live on that. A lot of that was subsidized by like eating really good food, but taking it all home and then divvying it up.

4:18It's like a meal prep, but it's food that would have gone to waste. Yeah.

4:31Thank you so much for listening to today's episode of The Daily Motivation, and I hope you have an amazing rest of your day. If you enjoyed this episode, make sure to click the link in the description. that will take you to the full episode of our main podcast on the School of Greatness. And if you are loving the Daily Motivation, please follow us over on Apple Podcasts and Spotify and leave us a review over on Apple Podcasts right now. And if you want more exclusive content and ad-free listening experience, make sure to subscribe to our Greatness Plus channel on Apple Podcasts right now. And if you want to get even more inspiration from our world-class guests and learn how to improve your life and take it to the next level, then make sure to sign up for the Greatness newsletter and get it delivered right to your inbox over at greatness.com slash newsletter.

5:27Again, have an amazing day and I'll see you tomorrow with another episode of the Daily Motivation Show.

From the publisher

Don't miss the Make Money Easy Book Tour! https://lewishowes.com/moneyyou
Check out the full episode: greatness.lnk.to/1382

Graham Stephan, Real Estate Investor and Finance Creator shares the millionaire habits you need to start building.

Sign up for the Greatness newsletter: http://www.greatness.com/newsletter


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