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The School of Greatness

751 Become an Everyday Millionaire with Chris Hogan

The School of Greatness

Lewis Howes

Mindset, Relationships, Entrepreneurship, Mental Health, Education, Greatness, Fitness, Celebrity, Health, Inspiration, Success, Health & Fitness, Self-improvement, Business, Money, Self Care, Celebrity Interview

4.822K Ratings

🗓️ 28 January 2019

⏱️ 65 minutes

🧾️ Download transcript

Summary

THE AMERICAN DREAM I NOT DEAD. We are conditioned to spend money. We think, “I’ll just get a credit card. I’ll just get a loan. I’ll just pay for it later.” Advertisements tell us to spend, spend, spend. What if, instead, you became allergic to debt. I’m lucky that my father taught me the importance of savings and investing. But I see so many of my friends spend all of their paychecks. On today’s episode of The School of Greatness, I talk about growing wealth with a personal finance expert: Chris Hogan. Chris Hogan is a best-selling author and America’s leading voice on retirement, investing, and building wealth. His goal is to help as many people as possible avoid financial traps and set their families up for the future. Along with speaking at events across the country, Chris works with business leaders, professional athletes, and entertainers to help them set goals and navigate their financial futures. Chris says that to grow money you need time and compound interest. He never buys anything that he can’t pay for in cash. So get ready to learn how to build extraordinary wealth the slow and steady way on Episode 751. Some Questions I Ask: How do millionaires think differently than non-millionaires? (14:00) How do you manage emotional challenges so they don’t affect your money? (16:00) What’s the difference between getting rich and building wealth? (30:00) How do we get people to be allergic to debt? (36:00) What type of education should people be looking for right now? (40:00) Do you recommend people get a side hustle? (54:00) Should you do a prenup when you get married? (58:00) In This Episode You Will Learn: How Chris started working with Dave Ramsey (9:00) Two myths about millionaires (12:00) Top three positions of the millionaires Chris studied (13:00) The four people everyone needs in their life (14:00) Chris’ thoughts on cryptocurrencies (26:00) Why automatic investing is the best method for saving (40:00) The four D’s to partnerships (56:00)

Transcript

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0:00.0

This is episode number seven five one with Chris Hogan

0:05.5

Welcome to the school of greatness. My name is Lewis Howe's former pro athlete turn lifestyle entrepreneur and each week

0:13.6

We bring you an inspiring person or message to help you discover how to unlock your inner greatness

0:20.6

Thanks for spending some time with me today now let the class begin

0:30.5

Duane Johnson said success isn't always about greatness. It's about consistency

0:36.7

Consistent hard work leads to success and greatness will come

0:41.4

Welcome to our episode today all about becoming an everyday millionaire with Chris Hogan who is a number one

0:48.4

National best-selling author

0:50.7

Dynamic speaker and financial expert and for more than a decade

0:54.4

Chris has served at Ramsey Solutions spreading a message of hope to audiences across the country

0:59.9

as a financial coach and Ramsey personality

1:02.9

Chris challenges and equips people to take control of their money and reach their financial goals

1:08.2

Using the Chris Hogan show his national TV appearances and live events across the nation

1:13.6

His newest book is called everyday millionaires and it's really powerful. It's everyday millionaire

1:18.7

How ordinary people built extraordinary wealth and how you can too?

1:22.9

It's based on the largest study of net worth millionaires ever conducted

1:27.2

I think they had over 10,000 millionaires they conducted and deconstructed the things that they did to become everyday millionaires

1:34.4

These are people with regular nine to five jobs who became millionaires and he breaks down how you can do it as well

1:40.8

We talk about the power of the three ease

1:44.4

Educate encourage and empower people financially talk about the difference between getting rich and building wealth

1:52.1

And why you need to know about both of them also the power of building a business to make an impact and not change money

1:59.3

This is important and how to plan for financial obstacles throughout your business and life

...

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