359. Anyone Can Become A Millionaire - with Chris Hogan

The Chris Harder Show

Chris Harder

Business, Entrepreneurship

4.9 • 1.5K Ratings

🗓️ 8 July 2020

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In This Episode You Will Learn About:

Why you can't make any judgements about people and money
Solving the student debt crisis
The pressure to buy a home
How anyone can become a millionaire
Turning your financial situation around
Living frugally or taking risks
Following real, consistent information
Affording people equal opportunities
Closing the wealth gap
Communicating about finances as a couple

Resources:

Show Notes:

Chris Hogan is a legend in the finance space. He and his team did the single biggest study on millionaires and how they got there, and we're going to talk about everything they learned today. We talk about everything from whether we should be conservative with our money or take more risks, how to know what gurus to listen to, and all of the expert hacks. And if you feel like your butt just got kicked financially by COVID-19, we outline what you need to do to get pointed in the right direction.

Question Highlights:

What did you learn about people and money right out of the gates by collecting bills?
What is holding people back most financially?
What's your take on the pressure to buy a home?
How do you know we're making a smart home purchase?
Do you believe that anyone can become a millionaire?
What does someone do if they're completely financially upside down right now?
Should most people live conservatively and save or take big risks for big rewards?
Is it ever too late to rethink your finances?
How do we decipher the distraction advice from the real advice?
How can we help to close the wealth gap?
In your study of millionaires, how often did you see generosity come up?
What advice do you have for couples communicating around money?

Guest Bio:

Chris Hogan is a two-time #1 national best-selling author, financial expert and host of The Chris Hogan Show. For more than a decade, Hogan has served at Ramsey Solutions, equipping and challenging people to take control of their money and reach their financial goals.

His second book, Everyday Millionaires: How Ordinary People Built Extraordinary Wealth—And How You Can Too, is based on the largest study of millionaires ever conducted. You can follow Chris Hogan on Twitter and Instagram at @ChrisHogan360 and online at chrishogan360.com or facebook.com/chrishogan360.

Follow me on social media @ChrisWHarder on Instagram and check out www.ForTheLoveOfMoney.com

Transcript

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0:00.0	What we have to do as parents is to help our young people understand the decision
0:04.6	based on in-state tuition versus out-of-state. That can be the difference between
0:08.4	nine grand in-state and 45-grand out-of-state. We can't leave young people to make that decision alone.
0:15.0	And we've got to stop this trend of young people walking into a financial aid office
0:19.0	to sign documents they don't understand,
0:21.0	or payments they can't afford.
0:23.0	Welcome everybody. This is for the love of money where we are making you unapologetic about your pursuit of success
0:35.2	by sharing the tools, tips, and stories of those who have already made it.
0:40.6	My name is Chris Harder, and each week I will bring you incredible guests in order to prove that when good people make good money, they do great things. Hey everybody welcome back to another amazing episode of For the Love of Money I
0:58.1	cannot wait for you to hear today's show because I'm sitting down with the
1:01.6	Legendary Chris Hogan now I'm sure you with the legendary Chris Hogan. Now I'm sure you already know who
1:04.8	Chris is. You probably listen to his show, the Chris Hogan show, he's a part of the
1:08.7	Dave Ramsey Network. I mean he has been in this game for quite some time making one of the biggest differences out there,
1:14.8	especially because he is a two time, two time, number one national best selling author.
1:20.8	I just got done reading his book actually, Everyday Millionaires, how ordinary people built extraordinary wealth,
1:25.9	and I love it.
1:26.6	And the thing I love is this.
1:28.3	He and his team did the single biggest study
1:31.3	on millionaires and how they got there and how they think they
1:34.9	studied over 10,000 millionaires and everything they learned that's what we are
1:39.9	about to talk about in this episode so you are gonna to love it because we talk about everything
1:43.3	from should we be taking the conservative route and saving saving saving or
	...

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