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Episode 124: The Everyday Millionaire with Chris Hogan

Updated May 16, 2020 | Chris Petrie

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My Guest on the Show…

Dave Ramsey personality Chris Hogan is coming on the show today to explain how the everyday normal guy can in fact become a millionaire.

Now, before you raise your eyebrow at me – let me be clear on what a millionaire is…

A millionaire does NOT mean you earn a million dollars per year.

Instead, Chris explains that a millionaire is simply someone who has a NET WORTH of a million dollars or more. This means if you take their assets (what they own) and subtract their liabilities (what the owe), these people would have a net worth of a million dollars.

Now with that said, let’s dive into what this episode…

With the help of the Dave Ramsey team, Chris studied over 10,000 people with a net worth of a million dollars or more to find out…

  • What they do for a living
  • Self made millionaires or inherited millionaires
  • How much money they make in a single year
  • Where they are investing their money
  • What age they become millionaires
  • What age they go completely debt free
  • What kinds of cars they drive
  • Their everyday spending habits
  • And their daily habits

To be honest – some of these will absolutely shock you – especially when you find out what some of these millionaires do for a living, how quickly they pay off their mortgage, and how much they spend going out to eat.

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The Money Peach Podcast is brought to you by my #1 online program for showing you how to budget, how much to save, how to manage your debt payoff, when to save for retirement, what to teach your kids about money, and how to build a legacy to last beyond your lifetime.

If you find yourself continuing to live paycheck-to-paycheck and wondering where all the money went at the end of the month, it’s time to finally make a positive change. Welcome to the class they forgot to teach you about money – Awesome Money Course.

 

Mentioned in this Episode


Awesome Money Course

The Everyday Millionaire by Chris Hogan

For Budgeting

 

Show Notes


The Millionaire Next Door book [4:50]

Myths about being a millionaire [6:47]

How much do millionaires save and invest? [8:30]

It’s not only realistic, it’s achievable! [10:40]

How to get started [16:07]

The average age of millionaires [18:23]

Being intentional [24:57]

Millionaire habits [26:12]

 

Chris Peach Author 150x150

Chris Petrie

Chris (Peach) Petrie is a personal finance expert, money coach, speaker and podcaster.

In 2011, Chris and his family were exhausted from living paycheck-to-paycheck and facing a mountain of debt. They started going against the society standards of misbehaving with money and made the decision to take back control of their lives and money. Within seven months they paid off $52,000, started saving like crazy and began building real wealth.

The word spread fast and Chris started showing friends how to create a budget over dinner. Soon after he started showing their friends how to do the same and eventually Chris started teaching personal finance classes around the community. As the need for the classes grew, Chris launched Money Peach in 2015.

Money Peach was created to help everyday people remove the stress and fear of money by showing them how to save more, make more, and keep more of their money.

Chris Peach has been featured in places like Business Insider, The Huffington Post, Elite Daily, and CheddarTV.

When Chris isn’t at “work” he can be found at the Crossfit gym or riding on the fire truck — Chris is also a full-time firefighter in Phoenix, Arizona.

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