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Everyday Millionaires
How Ordinary People Built Extraordinary Wealth – and How You Can Too
Everyday Millionaires (2019) draws on the biggest study on millionaires ever conducted in the US to reveal an essential truth – becoming a millionaire is something anyone can do. It doesn’t matter what your background is, how much money you make now or how lucky you happen to be – it just takes practical knowledge and a commitment to following a plan.
- Whoever believes they can’t get ahead
- Those who think all millionaires come from money
- Aspiring millionaires
Chris Hogan is a best-selling author and financial expert, a dynamic event speaker and financial coach. In over a decade working with Ramsey Solutions, he has brought his hopeful message to audiences across the US, teaching countless people how to take control of their finances and achieve their goals. His podcast, The Chris Hogan Show, releases new episodes weekly.
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Everyday Millionaires
How Ordinary People Built Extraordinary Wealth – and How You Can Too
- Read in 15 minutes
- Audio & text available
- Contains 9 key ideas
Synopsis
Everyday Millionaires (2019) draws on the biggest study on millionaires ever conducted in the US to reveal an essential truth – becoming a millionaire is something anyone can do. It doesn’t matter what your background is, how much money you make now or how lucky you happen to be – it just takes practical knowledge and a commitment to following a plan.
Key idea 1 of 9
You can’t become a millionaire unless you believe you can – and once you do, be proud of it!
There’s a myth out there that the American dream is dead. Some even say the average American can’t get ahead these days.
But this isn’t true. It’s a harmful lie that stops people from believing they can achieve their dreams. Hogan has experienced this firsthand. As a black man raised by a single parent in Kentucky, the idea of becoming a millionaire once seemed as far away to him as the stars. But he found that as long as you have an unshakeable belief that you can become a millionaire, then you can. You might encounter people who try to convince you that you won’t make it. But don’t worry – there’s a simple trick that makes these people disappear: prove them wrong.
British distance runner Roger Bannister is a great example of this. In his time, the consensus was that a human being simply couldn’t run a mile in under four minutes. There were even people who thought that the strain would make a runner’s heart explode! But Bannister proved them wrong on May 6, 1954, when he ran a mile in three minutes and 59 seconds. And once Roger Bannister had shown that a sub-four-minute mile was possible, other people began to embrace the idea that they could run one too. Six weeks later, someone else even did it faster than Bannister had!
Becoming a millionaire is similar. If you look around, you’ll see that others have done it, and it’s possible for you as well. After all, as CNBC Money reported in 2017, there are almost eleven million millionaires in America today!
And once you add yourself to that number, don't be ashamed. Millionaires know that they’re winning financially because of hard work, and they’re proud of it. In Hogan’s study, this was made crystal clear. Millionaires believe that winning is always a good thing, not something to be ashamed of. That doesn’t mean that millionaires win every time they try something. It just means that they don’t get stopped by setbacks – they use them as motivation for their next big win!
Now, let’s get motivated by doing away with some myths about who millionaires are and what they’re like in the following blinks.
Key ideas in this title
- You can’t become a millionaire unless you believe you can – and once you do, be proud of it!
- Most wealthy people earn their money through hard work, and they deserve it.
- Wealthy people don’t get that way by taking foolish risks.
- Most millionaires don’t go to fancy schools or have high-paying jobs.
- The buck stops with millionaires, who take responsibility for their own financial success.
- Millionaires stay in control of their financial lives by practicing intentionality.
- Millionaires set goals for themselves and make sure that they achieve them.
- It's the consistency of millionaires that allows their money to grow even while they're asleep.
- Final summary
