russia has launched a full-scale war in Ukraine. Donate to support Ukraine and protect the world’s peace.

Everyday Millionaires

summary ofEveryday MillionairesBook by Chris Hogan

13 min
00:00
/
00:00
Get full summary

You’ll learn

  • Myths about millionaires
  • Why consistency beats risky gambles
  • The power of setting tangible financial goals
  • How mindset shapes success
  • Top millionaires traits

first KEY POINT

The origins of wealth

Imagine standing in the vast shadow of a towering skyscraper. This colossal structure symbolizes success and wealth in our society. What if you discovered that each brick in this skyscraper represents stories of unparalleled courage, dedication, and perseverance?At some point, most of us have pondered, “Can an ordinary person truly achieve extraordinary wealth?” The media often paints a picture of increasing income gaps, casting doubt on the attainability of the so-called American Dream. It is time we peel away the layers of these narratives.

Beliefs can be stronger than reality, so act on them.

There's a stereotype that those at the pinnacle of wealth have had life handed to them. And while it's tempting to say, “Look at that millionaire; they probably never lifted a finger,” we must pause and reflect. Is this the reality or a comforting myth we've crafted? The truth is a wake-up call: 79% of millionaires didn’t inherit their fortunes. Most have laid each brick with diligence, strategy, and resilience. They didn't stand in queues waiting for handouts; they rolled up their sleeves and got to work.We've all heard of the royal or billionaires' heirs, recognized more for their fame than achievement. But let's be clear — they are the outliers. The real story is the multitude who have climbed the financial peak with sweat on their brows and dreams in their eyes. Their journeys underline a vital message: hard work often trumps mere luck or privilege.

We build our dreams; they don’t arrive on silver platters.

So, let's shift our perspective and challenge myths and narratives that have overshadowed the authentic tales of determination and grit for too long. Embrace your journey, lay the bricks, and redefine your American Dream.

second KEY POINT

Debunking millionaire myths

Many see the wealthy as fearless risk-takers, always searching for the next big thing. Imagine a successful hockey player earning significant sums, suddenly deciding that cough syrup popsicles are the next millionaire-maker. A unique idea? Absolutely. But it’s not how the rich build their financial independence.Contrary to popular belief, most millionaires aren't out looking for the next viral product. Instead, they prioritize long-term stability and growth. They value consistent, strategic choices that maximize rewards and mitigate risks.

book cover

Continue reading with Headway app

Continue reading

Full summary is waiting for you in the app

first KEY POINT

Why responsibility precedes wealth

second KEY POINT

A roadmap to a new reality or where more is not better

third KEY POINT

Prosperity-boosting habits

fourth KEY POINT

The pathway to financial independence

fifth KEY POINT

Conclusion

About the author

Chris Hogan is a recognized financial expert, strategy consultant, and speaker helping people grow their wealth and businesses. Formerly, he was a coach and podcast host.

Join 55+ million learners worldwide

172K 5 reviews on App Store and Google Play

Get started

Frequently asked questions

What is *Everyday Millionaires: How Ordinary People Built Extraordinary Wealth — and How You Can Too* about?

*Everyday Millionaires* by Chris Hogan explores the financial habits and mindsets of ordinary individuals who have achieved significant wealth. The book highlights practical strategies for building wealth, emphasizing discipline, smart investing, and the importance of a long-term financial plan.

What are the key takeaways from *Everyday Millionaires: How Ordinary People Built Extraordinary Wealth — and How You Can Too*?

Key takeaways include the idea that anyone can become a millionaire through consistent saving, living below their means, and investing wisely. Additionally, Hogan stresses the importance of financial education and cultivating a growth mindset to foster financial success.

Is *Everyday Millionaires: How Ordinary People Built Extraordinary Wealth — and How You Can Too* worth reading?

Yes, *Everyday Millionaires* is worth reading for anyone interested in personal finance and wealth-building strategies. Chris Hogan's insights are grounded in real-life stories and research, making them relatable and actionable for readers seeking financial independence.

How many pages is *Everyday Millionaires: How Ordinary People Built Extraordinary Wealth — and How You Can Too* and when was it published?

*Everyday Millionaires* is 240 pages long and was published on January 8, 2019. This concise format allows readers to quickly absorb key concepts and implement the strategies discussed.

What makes *Everyday Millionaires* by Chris Hogan unique compared to other financial books?

*Everyday Millionaires* stands out due to its focus on real stories of everyday people who became millionaires without relying on luck or inheritance. Hogan emphasizes that wealth is attainable through basic principles of personal finance and determination, making it an empowering read.