EP124: The Everyday Millionaire with Chris Hogan

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By Chris Peach. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

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.

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.

All the show notes, links and anything Chris and I mentioned can be found at https://www.moneypeach.com/session124

174 episodes