148: How to Become an Everyday Millionaire with Chris Hogan

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 26 October 2020

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

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Summary

Chris Hogan joins Scott and Mindy today to chat about becoming an everyday millionaire. Chris and his team interviewed more than 10,000 millionaires to hear how they did it. Hard work, determination, spending less than you make, investing wisely, and eliminating debt. Chris shares how to discuss your finances with your spouse - and how to bring them on board when you have differing views about money. He talks about the emotional journey that debt paydown can take you on - and how to handle that so you come out on top! Chris also reveals his feelings about FIRE - and how there is too much focus on the RE and not enough on the FI. He wants you to become Financially Independent but also wants you to enjoy your journey. Chris firmly believes that anyone can become debt free and start to build wealth to become an Everyday Millionaire. Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Dave Ramsey's 7 Baby Steps BiggerPockets Money Podcast 50 with Patrice Washington The Retire Inspired Quotient Check the full show notes here: https://www.biggerpockets.com/moneyshow148 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the BiggerPockets Money Podcast,
0:02.0	Show Number 148, where we interview Chris Hogan
0:05.4	from the Chris Hogan show.
0:07.1	Yes, that Chris Hogan.
0:09.1	And hear how you can become an everyday millionaire too.
0:12.3	Getting out of debt is intense and it's a short period of time and you can see the enemy.
0:17.0	With building wealth, there's not necessarily an enemy, you're chasing a dream.
0:21.0	And so you've got to be able to see see it you got to be able to tap into it
0:24.7	you got to believe that you're worthy of that.
0:26.7	Hello hello hello my name is Mindy Jensen and with me as always is my jubilant co-host
0:32.1	Scott Trench. Always a joy to hear your intransmity.
0:35.4	Scott and I are here to make financial independence less scary, less just for somebody else and
0:41.4	show you that by following the proven path you can
0:44.1	put yourself on the road to early financial freedom and get money out of the way so
0:47.8	you can leave your best life. That's right whether you want to retire early and
0:51.6	travel the world go on to make big time investments
0:53.7	and assets like real estate or start your own business, will help you build a position capable of launching
0:58.2	yourself towards those dreams. Scott I Scott, I am super excited for today's guest. It is Chris Hogan, the Chris Hogan from the Chris Hogan show, from the Dave Ramsey Ramsey show from the book Everyday Millionaires and I am so
1:26.3	excited to talk to him. Very excited to interview Chris Hogan today. Chris has a very tight knit and well thought out robust philosophy around
1:37.1	building wealth. You're gonna be familiar with some parts of it if you're
1:40.9	familiar with Dave Ramsey at all and look I know that there's a little bit of controversy within the fire community about whether you know some of the the debt-free approaches that are espoused by the Dave Ramsey community and Chris Hogan, but I think frankly that if you're not willing to listen and learn from these guys very thorough, well-designed, well-thought-out philosophy around wealth
2:05.0	building and finance that you're missing out and I think it's an absolute
	...

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