Ep 147: Do You Have The Mentality Of A Millionaire?

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Business

4.7 • 1.5K Ratings

🗓️ 6 February 2019

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

“Becoming a millionaire is not a private country club—it’s a result of many many years of hard work.” This week we’re back with retirement expert and Ramsey Personality, Chris Hogan, who’s out with his new book, “Everyday Millionaires: How Ordinary People Built Extraordinary Wealth—and How You Can Too.” Chris and the Ramsey research team surveyed over 10,000 U.S. millionaires to discover how they reached seven-figure status. Not surprisingly, it starts with getting in the right headspace. Oh, and Andy Puddicombe, consider Chris your competition. (If you listened to Episode 49, then you know what we’re talking about!) In Mailbag, we answer your questions on being more hands-on with your retirement investments, budgeting for childcare and retirement planning with a pension. Then, should you share your salary with your colleague—your male colleagues? We discuss in Thrive. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to an airwave media podcast.
0:04.0	Her money is supported by Fidelity Investments.
0:07.0	We want you to demand Her money is supported by Fidelity Investments.
0:14.0	We want you to demand more from your money.
0:16.7	Start by knowing what you own and owe.
0:19.6	We'll help you take the next step at Fidelity.com
0:22.6	demand more now.
0:24.6	Her money comes to you through PRX. Chris Hogan is joining me in the studio. I'm honored. I'm on the first day of your new book you're making a stop at her money so thank you
0:46.6	well thank you for having me it's an honor to be here of course the new book is called
0:51.2	everyday millionaires and they're The new book is called Everyday Millionaires.
0:54.0	And there is a lot of shoe leather reporting that went into this.
1:00.0	So tell us about your process and what you learned.
1:03.6	Yeah, well we all remember Thomas Stanley's book,
1:06.5	A Millionaire Next Door, right? 25 years ago.
1:09.2	And really looking at that and I remember that shaping my mindset on actually what
1:14.6	was possible what did these millionaires look like and so I started thinking after I
1:18.7	did my first book retire inspired getting people to think differently about their
1:22.1	future I started wondering, is
1:23.9	building wealth possible? Now, Jean, you've been helping people for years, right?
1:28.8	And Ramsey Solutions, we've been helping people for years. We know when you've got people that are doing
1:33.3	consistently things the right way they start to win. But the culture will tell you
1:38.0	that it's not possible that the little man can't get ahead, that you can't build wealth, even some media will tell you you can't build wealth even some media will tell you you can't well if you
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