What It Takes to Become a Millionaire

PragerU: Five-Minute Videos

PragerU

Non-profit, Self-improvement, Education, Business, History

4.7 • 6.8K Ratings

🗓️ 21 January 2019

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

What’s the difference between America’s millionaires and the rest of us? Chris Hogan, author of Everyday Millionaires, and his research team interviewed over 10,000 millionaires to find out, and what they discovered exploded a number of common myths.

Transcript

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0:00.0	He's a millionaire.
0:02.5	Even today that phrase has a magical ring to it.
0:06.0	And what image do you see?
0:08.4	Probably a guy in a thousand dollars suit, pulling up in his luxury car to his tin bedroom
0:13.4	mansion.
0:14.8	He doesn't have a care in the world.
0:16.9	Why should he?
0:18.2	He's got all the money in the world.
0:20.8	Who knows how he got it?
0:22.6	Maybe his parents left it to him, or he got lucky in the stock market, or acquired it
0:27.2	in some dishonest way.
0:29.8	What does it matter?
0:31.2	It's out of your reach, right?
0:33.5	I don't blame you if you think this way.
0:35.8	I thought that way once myself.
0:38.4	It's how Hollywood and the popular media like to portray the wealthy, the one percent.
0:44.5	But it couldn't be further from the truth.
0:46.8	How can I say that?
0:48.4	Because my research team and I surveyed and interviewed over 10,000 millionaires.
0:53.6	We learned a lot about them.
0:55.9	But we found out surprise me, and I suspect we'll surprise you too.
1:01.4	But before I explode some millionaire myths, let me first define what I mean by a millionaire.
	...

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