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Blink 3 of 8 - The 5 AM Club
by Robin Sharma
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Everyday Millionaires summary
Chris Hogan
How Ordinary People Built Extraordinary Wealth – and How You Can Too
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.
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Everyday Millionaires
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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.
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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
Who should read Everyday Millionaires?
- Whoever believes they can’t get ahead
- Those who think all millionaires come from money
- Aspiring millionaires
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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
- Baby Steps Millionaires by Dave Ramsey
- Millennial Money by Patrick O’Shaughnessy
- I Will Teach You To Be Rich by Ramit Sethi
- Millionaire Teacher by Andrew Hallam
- Fiber Fueled by Will Bulsiewicz
- The ChatGPT Millionaire by Neil Dagger
- Million Dollar Habits by Brian Tracy
- The Millionaire Fastlane by MJ DeMarco