The Myths of Becoming a Millionaire & How to Build Wealth | Chris Hogan EP 322

The Daily Motivation

Lewis Howes

Education, Self-improvement

4.8 • 893 Ratings

🗓️ 26 July 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Summit of Greatness is back! Buy your tickets today – summitofgreatness.com Chris Hogan emphasizes the significance of long-term investing. He explains the benefits of compounding returns and encourages individuals to start investing as early as possible. He suggests diversifying investments across different asset classes and maintaining a balanced portfolio to mitigate risks and maximize returns. LISTEN TO THE FULL EPISODE! Sign up for the Greatness newsletter: http://www.greatness.com/newsletter

Transcript

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0:00.0	Hi my name is Lewis Howes and welcome to the Daily Motivation Show.
0:07.0	Calling all conscious achievers who are seeking more community and connection, I've got an invitation for you.
0:17.0	Join me at this year's Summit of Greatness, this September 7th through 9th, in my hometown of Columbus, Ohio to unleash your true greatness.
0:26.4	This is the one time a year that I gather the greatness community together in person
0:31.6	for a powerful powerful transformative weekend.
0:34.0	People come from all over the world and you can expect to hear from inspiring speakers like
0:39.0	Inky Johnson, Joshpry Singh, Vanessa Van Edwards, Jen, Censhero, and many more.
0:45.0	You'll also be able to dance your heart out to live music, get your body moving with group workouts,
0:51.0	and connect with others at our evening socials.
0:53.7	So if you're ready to learn, heal, and grow alongside other incredible individuals
0:58.3	in the greatness community, then you can learn more at Lewishouse.com
1:02.2	slash Summit 2023.
1:05.0	Make sure to grab your ticket, invite your friends,
1:07.6	and I'll see you there.
1:15.0	We're talking about these myths about millionaires. Someone that miss the surround millionaires.
1:17.0	Well, we talk about six in the book, but I'll tell you two.
1:20.0	Most people believe they inherited it at all.
1:22.0	Right? You see somebody with money, you think,
1:24.0	all mom or dad handed it to them.
1:26.0	The truth is, 79% of the millionaires that I talked to
1:29.0	first generation wealth builders.
1:31.0	They didn't come from anything.
	...

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