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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Mentioned in this Episode
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]