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Book summary
by Chris Hogan
Premium summary · Opens in the app · 5 min read
Everyday Millionaires proves how anyone can become a millionaire if they have a solid actionable plan and the willingness to work hard by drawing conclusions from the largest study ever conducted on the lives of millionaires.
Everyday Millionaires proves how anyone can become a millionaire if they have a solid actionable plan and the willingness to work hard by drawing conclusions from the largest study ever conducted on the lives of millionaires.
The truth is that most millionaires are self-made men and women who have worked hard to get where they are today. They didn’t inherit their wealth—they created it through hard work and determination, along with some smart investments.
The author states that the interviews he conducted with the millionaires revealed that most of them didn’t inherit the money, but rather worked hard for it. Most of these people didn’t come from good families, high-paying jobs, or famous backgrounds.
Instead, they lived below their means, paid debt quickly, invested early, and kept being consistent in their actions. Michael Phelps is a great example. He is the most successful olympian in history and a phenomenal swimmer. He trained six days a week for six hours, and people still attribute his success to luck.
In fact, most people like to talk about millionaires as if they’re some sort of mystical, incredibly lucky beings. People usually prefer to think of such successful individuals as fortunate rather than hard-working because that comforts them. It means that they can justify their lack of consistency because luck is not purposefully attainable.
Millionaires don’t necessarily come from high-end schools, have a bunch of degrees, work in real estate, finance or other such jobs. The truth is that the majority of millionaires do not come from families with money. In fact, some of them did not even graduate from college! It’s time to rethink the whole idea of “wealthy.” Wealthy is not about how much money you make; it’s about how much money you keep. Here are some more interesting facts about millionaires: Millionaires work hard and save their money. They don’t spend it like the majority of people. They make smart investments and follow a budget. Millionaires know how to live below their means—even if they make six figures or more per year! They know that there’s more to life than buying things with credit cards or taking lavish vacations every year. They invest in their future by saving as much as possible while they’re young so they can retire early and enjoy life later on down the road. Millionaires don’t just have one job—they have multiple sources of income. The secret to becoming wealthy doesn’t always consist of luck, a better job, or more of anything at all. It all narrows down to mastering these money laws and making the best of your income. For this reason, many of these millionaires are regular people who worked basic jobs. What made them…
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Get the complete summary in the appThe interview carried out by the author shows that most millionaires don’t inherit the money – they work for it.
The myth about millionaires going only to high-end schools, having all sorts of degrees, and working high-paying jobs needs to stop.
Not a single self-made millionaire lives by a victim mentality.
"Everyday Millionaires" is a strong fit if you want practical ideas around career, culture, finance—especially themes like the interview carried out by the author shows that most millionaires don’t inherit the money – they work for it; the myth about millionaires going only to high-end schools, having all sorts of degrees, and working high-paying jobs needs to stop. The MinuteRead summary distills these concepts into a focused read, whether you're deciding whether to buy the book or applying its lessons at work.
Chris Hogan is a #1 national best-selling author, dynamic speaker and financial expert. For more than a decade, Hogan has served at Ramsey Solutions, spreading a message of hope to audiences across the country as a financial coach and Ramsey Personality. Hogan challenges and equips people to take control of their money and reach their financial goals, using The Chris Hogan Show, his national TV appearances, and live events across the nation. His second book, Everyday Millionaire: How Ordinary P…
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