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Chris Hogan: BIGGEST Survey of Everyday Millionaires | Afford Anything Podcast (Audio-Only)

Chris Hogan surveyed 10,000 millionaires in the United States. Here's what he discovered:
- 89 percent of millionaires have a net worth between $1 million to $5 million dollars
- 62 percent graduated from public state schools
- 9 percent didn't graduate from college
- Close to 50 percent had a B average or less in school
- 55 percent give to charities and churches on a regular, monthly basis
- 73 percent never had a penny of credit card debt
- 18 percent are self-employed
- 62 percent earned a household income of less than $100,000 annually
- 80 percent exercise at least three times a week.
On average, their homes are 2,600 square feet, and they've lived there for an average of 17 years. Two-thirds have a paid-off mortgage. They paid off their home on average in 11 years.
Their net worth breaks down as one-third their home, and two-thirds their investments. They became millionaires at the average age of 49.
They spend, on average, $35 on a pair of jeans.
What can we learn from these everyday millionaires? Find out in today's episode!
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Пікірлер: 97

  • @frituurmandje
    @frituurmandje5 жыл бұрын

    I feel so lucky to have this kind of information available to me at the age of 19. Thanks for the great episode.

  • @scsu300

    @scsu300

    4 жыл бұрын

    You are lucky. Now what are you going to do with this information?

  • @sethsamson666

    @sethsamson666

    4 жыл бұрын

    That is the MILLION DOLLAR question.

  • @jimclifford5434

    @jimclifford5434

    3 жыл бұрын

    At age 19 investing $150 a month, you will be worth 3.3 million at age 65. So simple. Just do it. Get out of debt first!!

  • @bohaley302

    @bohaley302

    3 жыл бұрын

    I wish I had this info at 19. If I had followed this I would be retired at just over 40. Been working in this direction for the last 10 years. Makes it a lot harder after 10-15 years of making poor/bad decisions.

  • @solomons5669

    @solomons5669

    3 жыл бұрын

    Wish I had this information at your age. I’m 27 now I would have been way richer.

  • @trialbyfirehomestead6810
    @trialbyfirehomestead68103 жыл бұрын

    Great stuff. I've been following dave and chris for a few years now and I'm starting to see my stuff really take off. My coworkers ask me how I did it and I tell them and help them but it goes in one ear and out the other. Its easier to complain and stay stagnant. I retrained my habits. I work in a warehouse. Base pay is 45k but with overtime I make typically between 60 to 75k. Paid off 53k in debt. I lived on as little as possible. THIS SYSTEM WORKS!!!! anyone who really wants to work the system WILL see positive results.

  • @nickgoodwin4271
    @nickgoodwin42713 жыл бұрын

    Great interview! The one thing that allowed me to become FI in 20 years was paying myself FIRST by automatically contributing to a stock mutual fund. I started with $50/month and slowly increased the contribution amount. I made a ton of financial mistakes but I was able to overcome them by investing every month. Half in a taxable stock index fund and half in a IRA. Then to a 401K when I retired from the military. Pay yourself first even if you are paying off debt. Make it a habit and you won't regret it. Compound interest is a beautiful thing.

  • @gracelandenterprises2536
    @gracelandenterprises2536 Жыл бұрын

    Thank you for this great segment … Chris Hogan has some awesome advice to live as an Everyday Multi Millionaire 🎉

  • @stevethomas74
    @stevethomas743 жыл бұрын

    I love Chris Hogan, he just screams authenticity and compassion. Great podcast too, Paula! Subbed and keep up the good work :p

  • @darrengoodlin6294
    @darrengoodlin62944 жыл бұрын

    This specific podcast really opened my eyes and years and mind to realizing how I need to rethink my overall financial wealth building approach and the many things/challenges to be aware. Thank You for your time and message...

  • @cris471
    @cris4712 жыл бұрын

    I’m already a millionaire and yet I really enjoy watching such inspirational videos 😊😊

  • @debrahansen1149

    @debrahansen1149

    2 жыл бұрын

    Where do u invest?

  • @cris471

    @cris471

    2 жыл бұрын

    Hi Debra…. First, I live frugally, this is absolutely necessary to progress financially Second, apart from owning my home, I also invest in dividend stocks, companies which have been around for a long time and are therefore trustworthy No, i don’t make a huge salary Wish you success !

  • @razojacqueline

    @razojacqueline

    Жыл бұрын

    How old were you when you first became a millionaire?

  • @cris471

    @cris471

    Жыл бұрын

    Hi Raquel At age 56 That was three years ago

  • @razojacqueline

    @razojacqueline

    Жыл бұрын

    @@cris471 That is so cool! Congrats!

  • @everythingschoolnevertaugh1386
    @everythingschoolnevertaugh13865 жыл бұрын

    I love both Chris and Paula! They have such relaxing voices.

  • @ecclairmayo4153

    @ecclairmayo4153

    4 жыл бұрын

    I knew I wasn't the only one that loves Chris Hogans voice!

  • @kdengo

    @kdengo

    4 жыл бұрын

    Paula? sorry, I was wondering who was she, I thought it was so boring and fake how she conducted the interview.

  • @seoul2k11

    @seoul2k11

    3 жыл бұрын

    The voice is his only quality

  • @nancyhuizar1
    @nancyhuizar15 жыл бұрын

    Great interview!!! You asked some very good questions and some that I wish the survey had addressed, such as milestone expenses.

  • @carolannstevens5814
    @carolannstevens5814 Жыл бұрын

    Theee BEST interview!!! Chris is the best!!!

  • @dyhppyx
    @dyhppyx5 жыл бұрын

    What a crazy valuable episode. Thank you Paula.

  • @anital5020
    @anital50205 жыл бұрын

    Love this so much. Sounds just like the things my dad always told me. He and my mother were an awesome team with their money.

  • @kimdavis5631
    @kimdavis56312 жыл бұрын

    Thank you so much for sharing this!

  • @makalefitzgerald4814
    @makalefitzgerald48145 жыл бұрын

    Paula, can you highlight the benefits of having a financial advisor act as a fiduciary. All these financial experts of course want people to go to a financial adviser. I think it is important for your listeners or new listeners to know if they are seeking help, they will be better protected if their advisor is their fiduciary. We don't want the suzie ormes of the world making more money off people seeking financial guidance and not acting in their best interest.

  • @kicik5038
    @kicik50385 жыл бұрын

    Awesome interview. I don't understand why ppl whine about not getting to see the interview. What's the big deal? The audio contains all the important content u need. Geez

  • @ecclairmayo4153

    @ecclairmayo4153

    4 жыл бұрын

    People just like to complain. I guess they wan for be able to see radio as well when they are driving in their cars

  • @DiscipleSteven
    @DiscipleSteven2 ай бұрын

    man I miss Chris Hogan. I would listen every time he was on the ramsey show

  • @ecclairmayo4153
    @ecclairmayo41534 жыл бұрын

    Am I the only one who loves chris Hogan voice?!

  • @mreditor5062

    @mreditor5062

    3 жыл бұрын

    No I love it too

  • @YoYo-gt5iq

    @YoYo-gt5iq

    Ай бұрын

    No, all the women he cheated on his family with loved it, too.

  • @LMCEK
    @LMCEK5 жыл бұрын

    Drinking game: take a shot every time he says "Intentionality" 🍻😂

  • @droptozro

    @droptozro

    5 жыл бұрын

    It's risky... ask the multitudes of people who went under when the market tanked in 2008 and couldn't find jobs. That's the point, and Ramsey isn't against getting a mortgage--he's against investing in real estate with debt. It's a risk, that's all. Not wrong, just a risk.

  • @droptozro

    @droptozro

    5 жыл бұрын

    @@LMCEK yep the east and west coast plus Canada areas have prices on homes that are nuts. Has to do with overbearing taxes and demand. Millennial Revolution I think is the one who is out of Canada, right? I have a 1200 sq ft 2 bedroom 1 bath home on 1 acre for our family of 4. It cost $112k. We want to get a larger home now(mainly more acreage) but I don't want to pay even $200k+ for a home. The prices around here only rise at about an average 3% a year. It's not the best place to park our money. Everyone takes risk, no ones denying it. It's just more risky to survive downturns in the markets with major debt on a house like yours or investing properties and then people like Dave with cash positions can easily capitalize on those who crashed. I didn't know Canada wasn't affected by 2008. Not even in the least?

  • @LilStoops

    @LilStoops

    5 жыл бұрын

    President Camacho or the Judge?

  • @michaelpeterson7903

    @michaelpeterson7903

    3 жыл бұрын

    You'd be dead playing that game.

  • @mreditor5062

    @mreditor5062

    3 жыл бұрын

    O.O rip you but tell me was a bad trip or a good trip

  • @mreditor5062
    @mreditor50623 жыл бұрын

    I love this dude I shall use this information wisely

  • @Howtocreatewinningfocalsbeads
    @Howtocreatewinningfocalsbeads4 жыл бұрын

    Love how Chris captured the top 5 millionaire positions including school teachers!!!!!! GG Chris

  • @omachuca
    @omachuca3 жыл бұрын

    Great interviewer

  • @SD-my9so
    @SD-my9so5 жыл бұрын

    Paula: Thankyou for the broad range of such informative guests. I have learned so much from your channel.

  • @gaudycouturist4856
    @gaudycouturist48565 жыл бұрын

    Great interview

  • @AK-qg7mp
    @AK-qg7mp5 жыл бұрын

    I think I know this guys favorite word

  • @July.4.1776
    @July.4.17763 жыл бұрын

    Love chris and his book.

  • @josebrown8060

    @josebrown8060

    3 жыл бұрын

    @@TheThugNasty he has morale, but hey 'it gets lonely sometimes'.. :)

  • @litarusvita3886
    @litarusvita38863 жыл бұрын

    Im a fan of Chris Hogan

  • @saschamayer4050
    @saschamayer40504 жыл бұрын

    36:31 summary 1

  • @IBMSystemsEngineer
    @IBMSystemsEngineer3 жыл бұрын

    Love this guy!

  • @johnaddrizzo3384
    @johnaddrizzo33844 жыл бұрын

    BTW, Chris is a graduate of Georgetown College (in KY), not Georgetown University (in DC). Regardless, Great interview!

  • @joymumley4361
    @joymumley43613 жыл бұрын

    I love the new questions that havenr veen asked b4 on the chris show

  • @alexl266
    @alexl2664 жыл бұрын

    I used to like Dave Ramsey / Chris Hogan... but the more I get into FIRE, the more I realize just how entry-level they are. I'm glad they get people out of debt, but FIRE has so much more depth and actual, actionable tactics.

  • @aeksinsang932

    @aeksinsang932

    3 жыл бұрын

    Until you have kids

  • @binitamin4727

    @binitamin4727

    3 жыл бұрын

    @@aeksinsang932 it depends....I have 2 kids, and my wife & I have reached FI.

  • @adimichael2233
    @adimichael22333 жыл бұрын

    🙏 Definitely will read.

  • @vools8621
    @vools86215 жыл бұрын

    Wonderful! Thanks ❤

  • @ThuyNguyen-bu9ge
    @ThuyNguyen-bu9ge3 жыл бұрын

    I always thought you had to make 6-figures to become a millionaire one day. Nope, you need to invest $6,000 (preferably in Roth IRA) consistently for about 30 years. If you get a 401K match, that's great! You'll become a millionaire sooner!

  • @alaska7445
    @alaska74453 жыл бұрын

    Wealth grows in Magic ways

  • @bigroy38
    @bigroy385 жыл бұрын

    Who went to Smart Conference Saturday?

  • @nickgoodwin4271
    @nickgoodwin42713 жыл бұрын

    Hardly anyone will become a real estate investor without borrowing money. It would take many years to cash buy a rental property. Plenty of millionaires borrowed money for their rentals even Paula Pant.

  • @njvalueinvestor
    @njvalueinvestor3 жыл бұрын

    Model is solid and it allows for deviations. Key is returning to model if detoured by unemployment, illness, etc. His 5 disciplines re-enforce Dave Ramsey's baby steps. Compounding does the rest. Look at Warren Buffet.

  • @mayyang8350
    @mayyang83503 жыл бұрын

    This is so great!

  • @johnnyboyvan
    @johnnyboyvan3 жыл бұрын

    Should ask the guest how many inherited some money to help pay off a mortgage or other debt.

  • @themanifestorsmind
    @themanifestorsmind2 жыл бұрын

    I think the reason why the majority are traditional investors is because that's what was most readily available while they were investing. 20 years from now, crypto millionaires will be more represented in the sample.

  • @killerayiz
    @killerayiz2 жыл бұрын

    Dope pod

  • @LegalShield3000
    @LegalShield30005 жыл бұрын

    Just bought his book. Devouring it.

  • @johnnyanderson3287
    @johnnyanderson32872 жыл бұрын

    Wait, St. Louis is in the top 5 cities with the most millionaires?? Are you serious?? 😳 I have in STL all my life and the economy here has always been utter crap, especially in the city. Chicago and Phoenix does not surprise me, considering the latter are full of retirees and California refugees..

  • @a1970gto
    @a1970gto3 жыл бұрын

    I’m confused... are millionaires intentional? Or do they just go all willy-nilly with their finances?

  • @tipfertool5457

    @tipfertool5457

    3 жыл бұрын

    Well, there are people who intentionally blow their paychecks.

  • @highbrass3749

    @highbrass3749

    3 жыл бұрын

    I’m not sure you were intentional enough with that joke. 🤣

  • @idiocracyishere4531
    @idiocracyishere45315 жыл бұрын

    4 min of noise at the start

  • @oneisnone7350

    @oneisnone7350

    4 жыл бұрын

    Some heroes don’t wear capes....

  • @KC-kr8qe
    @KC-kr8qe2 жыл бұрын

    The people he interviewed are most likely Boomers or Gen X like he and Dave. That way of life has also changed for younger generations

  • @Force5_Eye_Dev

    @Force5_Eye_Dev

    Жыл бұрын

    Even before boomers. Generally people in the US are wealthy at older ages. So the current gen are going to be “poor” until they’re not.

  • @cris471
    @cris4712 жыл бұрын

    Is this Chris Hogan? Sounds more like Ray Charles😊😊

  • @kaitlinobrien243
    @kaitlinobrien2432 жыл бұрын

    💕🌻

  • @samt5317
    @samt53175 жыл бұрын

    Great

  • @idontwantachannelimjustcom7745
    @idontwantachannelimjustcom77455 жыл бұрын

    But with the treasury report the second 7%... how much of that is taking a salary at your company.

  • @fundip43
    @fundip435 жыл бұрын

    but was it peer reviewed/ published

  • @Captain_MonsterFart

    @Captain_MonsterFart

    5 жыл бұрын

    It;s just a survey, not a scientific study.

  • @fundip43

    @fundip43

    5 жыл бұрын

    Polite Q exactly lol but they keep calling it a study ha

  • @mthizr
    @mthizr5 жыл бұрын

    In 2019, there are people who still can't capture interviews on camera...

  • @ecclairmayo4153

    @ecclairmayo4153

    4 жыл бұрын

    Do you feel the same way about radio? Lol it's a podcast, there is not supposed to be video!!

  • @kiwikim5163

    @kiwikim5163

    3 жыл бұрын

    I know. Right?

  • @traplove9610
    @traplove9610 Жыл бұрын

    surveys pills

  • @seoul2k11
    @seoul2k113 жыл бұрын

    Man even with the intro it's hard to not close the video. 10 minutes in and not a single worthwile the dude said. Clichés, things everybody knows. Zero new stuff.

  • @seoul2k11

    @seoul2k11

    3 жыл бұрын

    Imagine if you pay off your mortgage and you can invest the extra money. Dumbest fucking thing I've ever heard.

  • @aeksinsang932

    @aeksinsang932

    3 жыл бұрын

    Then tell us your brilliant tips and your high selling book

  • @coneil72
    @coneil724 жыл бұрын

    The political bias of this guy (and Dave Ramsey) is so transparent. Their methodology in providing specific "attributes" for millionaires to choose from is a laugh. Who isn't a hard worker? Or at least, who doesn't consider themselves a hard worker? People who take personal responsibility -- who doesn't? Acknowledging societal inequalities -- which is obviously what they mean by a "victim mentality" -- does not mean that someone does not take responsibility for their own decisions.

  • @midnighttrain3323

    @midnighttrain3323

    3 жыл бұрын

    Too many people think they take responsibility they say they do but their actions do not show, well to be fair "taking responsibility" can be subjective to a certain point, but at end of the day little small decision s and choices can eventually put a person in the taking or not taking responsibility category one can say.

  • @aeksinsang932

    @aeksinsang932

    3 жыл бұрын

    Yes we have tons of victim mentality people- and yes they are SJW and think in the land of equality that they are victims

  • @johnnyboyvan

    @johnnyboyvan

    3 жыл бұрын

    Chris is right. Teachers I know are all well off!!