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Summary of Everyday Millionaires 

4.6 . 3344 reviews

Short summary

The world has many misconceptions about wealth and the wealthy. Some of these myths range from how lucky they are to how they take huge risks with their money. But these are false, and the truth is that anybody can become a millionaire if they are willing to follow the rules. Chris Hogan is a best-selling author, world-class speaker, popular guest on national news channels, and number one rated podcaster. He has a banking background and works as a financial coach at Ramsey Solutions, where he specializes in high net-worth clients. In this summary, Hogan debunks the many myths that have surrounded wealth, reveals the secrets of millionaires, and shows you why you can also become one of the world’s millionaires. “If you want to become a millionaire, you’re the only one who can make it happen. You just have to be willing to stop making excuses and start making progress.” ~ Chris Hogan

Table of content

  • Summary of Everyday Millionaires
  • About the author
  • What is Everyday Millionaires about?
  • Who should read Everyday Millionaires
  • Topics in Everyday Millionaires
first key point

Your wealth-building potential comes down to one person, and that’s you

Listen the first key point
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Too often, people buy into the myths about millionaires that have spread through our society. They think millionaires have some unique advantage or were born into money and have opportunities that aren’t available to other people. They believe the headlines that say the rich get richer while the poor get poorer. So, they do nothing, while fear takes them further away from where they want to be.

Over time, Hogan began to wonder why he kept meeting millionaires everywhere he went even when people said it was difficult to build wealth. He developed a passion for understanding what makes the average American millionaire different from everyone else. That passion led him to embark on a massive research project with The Ramsey Solutions research team. They interviewed over 10,000 Americans with a net worth of more than $1 million, meaning the total of all their assets, bank accounts, and investments — minus any debts — totals $1 million or more. The research team discovered that the majority of millionaires were hiding in plain sight. The thing that sets them apart isn’t the amount in their investments or retirement accounts; it’s their mindset about money.
To become a millionaire, you need to be willing to seek information on how to better yourself and your business.
A study from Spectrem Group’s 2017 Market Insights Report shows that there are almost 11 million millionaires in the United States today. That’s more millionaires than ever before. That same report shows the number of people living paycheck to paycheck are on the rise, with 1 in 3 people unable to cover a $2,000 emergency with cash.

Everyone has a choice now; you can adopt the millionaire mindset for yourself or choose to leave your wealth-building to chance. Whatever decision you make carries consequences and will determine your future. Keep reading to discover how you can rise above the myths about wealth and become an everyday millionaire.
second key point

Myths about wealth prevent you from staying open to new ideas and opportunities

Growing up, Hogan believed millionaires were born into money and felt like the odds were against him. His family wasn’t poor, but they weren’t wealthy either. Back then, he thought the key to building wealth was to chase after a higher income. But he soon realized that he was wrong. Hogan decided to change his budget and made saving and investing his top priorities. He stopped wasting money and put every dollar to work, building the life that they once thought was impossible. Before Hogan knew it, he had become a millionaire.
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third key point

Sometimes, situations can get difficult but a positive attitude will keep you ahead

fourth key point

Luck doesn’t guarantee success — wealth is not built randomly

fifth key point

Your daily decisions determine how far you go on your journey toward amassing wealth

sixth key point

When you live on less than you make, you create an avenue for savings and investments

seventh key point

Set goals help you stay the course and can prevent you from deviating to less profitable ventures

eighth key point

Millionaires are hard workers who are ready to do all it takes to achieve their goals

ninth key point

Consistency is the key that brings all your efforts together and reveals results

tenth key point

Conclusion

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What is Everyday Millionaires about?

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Do you find yourself staring at your computer for long minutes, unaware of time slipping by? Do you enter a room and suddenly cannot remember why you stepped in the first place? Is it a herculean task for you to sit through ten pages of a book without reaching for your phone? If yes, your focus needs some work and fast.

Actually, yours is not a unique situation. Many adults like you have issues concentrating on a given task. However, in this fast-paced world of ours, you can’t afford to be not focused at all times. Thankfully, this article comes to your rescue! With the tips and tricks from Hyperfocus by Chris Bailey, you will get in the top percent of folks who have mastered the art of concentration.