How many times have you heard this? “The only people who become millionaires are rock stars, doctors, athletes and big-shot business people. I’ll never be a millionaire, I don’t even make enough money.”
Well think again. Ramsey Personality Chris Hogan is about to shed some light on those myths about millionaires and teach you how to do it too. Hogan’s new book, Everyday Millionaires: How Ordinary People Built Extraordinary Wealth—and How You Can Too is available for pre-order now and will equip you with the tools you need to become an everyday millionaire.
How Do We Define a Millionaire?
Most people think a millionaire is someone who has to have $1 million cash in the bank. Not true! Your millionaire status is determined by your net-worth—that’s everything you own (cash, investments, savings, 401(k) retirement accounts and your home) minus everything you owe (credit card, student loans, mortgage, etc). Once people know that, they’re often pretty shocked when they add it all up. The truth is, the majority of millionaires we studied are hiding in plain sight.
Everyday Millionaires is the largest study of millionaires EVER!
In 2017, Ramsey Solutions conducted the largest and most comprehensive study of net-worth millionaires in the United States…ever!
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We studied over 10,000 everyday millionaires to find out their stories and how they got to where they are. Many of these men and women never set out to become wealthy, but with hard work, saving and investing they now have a net worth of over $1 million!
Myths Chris Hogan is Busting in Everyday Millionaires
MYTH #1: Wealthy People Have High Level Positions
TRUTH: Most millionaires have regular jobs. Doctors and athletes did NOT make the top 5 professions.
“Fortunately, I had an employer early on who provided comprehensive education about 401(k)s, and we started saving young.” —Cathy, $2.6 Million Net Worth
MYTH #2: Wealthy People Inherited All Their Money
TRUTH: Trust fund babies are rare. Most millionaires are SELF-MADE.
“I am living proof that you can come from a poor family with terrible money habits growing up, but with education, hard work, and an intentional plan, you can create wealth and change your family tree. I am a strong believer that you create your own destiny.”
—Al, $1.5 Million Net Worth
MYTH #3: Rich People Have High-Paying Jobs
TRUTH: Studies show a majority of millionaires NEVER made six figures in a year.
“There is no such thing as good luck or bad luck—only good planning or poor planning.” —Sue, $2.5 Million Net Worth
Anyone Can Become a Millionaire!
Millionaires say the top two reasons they became wealthy were discipline and consistency. Notice how they didn’t say money? It’s a tool that can help you achieve millionaire status, sure. But it doesn’t matter if you’re making all the money in the world. If you spend everything you make, you’ll end up with nothing every time.
Not sure where to start? Well, you won’t become a millionaire by accident—you need a game plan. And we have the guide you need. Get practical, step-by-step tips from Chris Hogan in his new book, Everyday Millionaires. It will help you work the plan as you journey towards becoming a millionaire yourself.
Never forget that anyone can become a millionaire. Everyday Millionaires will show you how 10,000 other millionaires did it. And, if you follow in their footsteps, you can join them in the future, too.