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
EP173: What is a Health Savings Account?
EP172: Help! I Have IRS Problems - What Are My Rights?
EP171: Should I Lease a Car or Get an Auto Loan?
EP170: How Does a Cash-Out Refi Work and is it Right for Me?
EP169: What is "Infinite Banking" and is it a Scam?
EP168: Building Wealth through Multifamily Real Estate Investing with Gino Barbaro
EP167: How to Create Digital Cash Envelopes with Ryan Clark
EP166: How to Open a Brokerage Account
EP165: Passive Income via Hard Money Lending
EP164: What is the BEST Mortgage For Me Right Now?
EP163: Financial Independence in Her 30s with Diania Merriam
EP162: How Does a HELOC Work and Is It Right for Me?
EP161: The 50/30/20 Budget For Those Who Like Simple
EP160: The Most Important Part of Your Money You Aren't Doing Right
EP159: Should I Buy a New Car? (The REAL Costs Broken Down)
EP158: How to Finally STOP Living Paycheck to Paycheck
EP157: How to Use Profit First in Your Biz or Side Hustle
EP156: How I'm Picking Winning Stocks that Beat the Market
EP155: The 4 BEST Retirement Investment Accounts in 2021
EP154: How to Get Started Investing in 2021
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