Everyday Millionaires Book Summary - Everyday Millionaires Book explained in key points
Listen to the Intro

Everyday Millionaires summary

Chris Hogan

How Ordinary People Built Extraordinary Wealth – and How You Can Too

4.3 (306 ratings)
22 mins

Brief summary

Everyday Millionaires by Chris Hogan is a research-based book that debunks the myth of instant wealth and reveals the habits and characteristics of ordinary people who become millionaires. It provides actionable steps for anyone looking to build wealth over time.

Table of Contents

    Everyday Millionaires
    Summary of 8 key ideas

    Audio & text in the Blinkist app
    Key idea 1 of 8

    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.

    Want to see all full key ideas from Everyday Millionaires?

    Key ideas in Everyday Millionaires

    More knowledge in less time
    Read or listen
    Read or listen
    Get the key ideas from nonfiction bestsellers in minutes, not hours.
    Find your next read
    Find your next read
    Get book lists curated by experts and personalized recommendations.
    Shortcasts New
    We’ve teamed up with podcast creators to bring you key insights from podcasts.

    What is Everyday Millionaires about?

    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.

    Everyday Millionaires Review

    Everyday Millionaires (2019) by Chris Hogan is a compelling exploration of the habits and mindsets that lead to wealth and financial independence. Here's why this book is worth reading:

    • It presents research-backed insights and interviews with everyday millionaires, providing practical strategies to achieve financial success.
    • By debunking common myths about wealth, the book challenges conventional thinking and offers a refreshing perspective on achieving financial freedom.
    • Hogan's engaging storytelling style and relatable examples make the book both informative and entertaining, ensuring that it never feels dull or monotonous.

    Best quote from Everyday Millionaires

    If you could kick the person in the pants responsible for most of your trouble, you wouldnt sit for a month. – Theodore Roosevelt

    —Chris Hogan
    example alt text

    Who should read Everyday Millionaires?

    • Whoever believes they can’t get ahead
    • Those who think all millionaires come from money
    • Aspiring millionaires

    About the Author

    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.

    Categories with Everyday Millionaires

    Book summaries like Everyday Millionaires

    People ❤️ Blinkist 
    Sven O.

    It's highly addictive to get core insights on personally relevant topics without repetition or triviality. Added to that the apps ability to suggest kindred interests opens up a foundation of knowledge.

    Thi Viet Quynh N.

    Great app. Good selection of book summaries you can read or listen to while commuting. Instead of scrolling through your social media news feed, this is a much better way to spend your spare time in my opinion.

    Jonathan A.

    Life changing. The concept of being able to grasp a book's main point in such a short time truly opens multiple opportunities to grow every area of your life at a faster rate.

    Renee D.

    Great app. Addicting. Perfect for wait times, morning coffee, evening before bed. Extremely well written, thorough, easy to use.

    People also liked these summaries

    4.7 Stars
    Average ratings on iOS and Google Play
    32 Million
    Downloads on all platforms
    10+ years
    Experience igniting personal growth
    Powerful ideas from top nonfiction

    Try Blinkist to get the key ideas from 7,500+ bestselling nonfiction titles and podcasts. Listen or read in just 15 minutes.

    Start your free trial

    Everyday Millionaires FAQs 

    What is the main message of Everyday Millionaires?

    The main message of Everyday Millionaires is that anyone can achieve financial success with hard work and determination.

    How long does it take to read Everyday Millionaires?

    The reading time for Everyday Millionaires varies depending on the reader, but it typically takes several hours. The Blinkist summary can be read in 15 minutes.

    Is Everyday Millionaires a good book? Is it worth reading?

    Everyday Millionaires is worth reading because it provides practical insights and stories of real people who have achieved financial success.

    Who is the author of Everyday Millionaires?

    Chris Hogan is the author of Everyday Millionaires.

    What to read after Everyday Millionaires?

    If you're wondering what to read next after Everyday Millionaires, here are some recommendations we suggest:
    • The Millionaire Next Door by Thomas J. Stanley and William D. Danko
    • Secrets of the Millionaire Mind by T. Harv Eker
    • Millennial Money by Patrick O’Shaughnessy
    • Millionaire Teacher by Andrew Hallam
    • Baby Steps Millionaires by Dave Ramsey
    • The Millionaire Fastlane by MJ DeMarco
    • Fiber Fueled by Will Bulsiewicz
    • I Will Teach You To Be Rich by Ramit Sethi
    • Tools of Titans by Tim Ferriss
    • The Millionaire Dropout by Vince Stanzione