Everyday Millionaires

Outline

Everyday Millionaires (2019) shares the findings of a large study of more than ten thousand millionaires in the United States. Chris Hogan shows that most did not inherit their wealth or earn huge salaries, but built it steadily through consistent saving, avoiding debt, investing for the long term, and living below their means. The book argues that financial independence is within reach for ordinary people.

• Most of the millionaires in the study did not inherit their wealth or earn huge salaries.
• Wealth in the book is built steadily through consistent saving rather than through sudden windfalls.
• Avoiding debt is a central habit shared by the ordinary millionaires Chris Hogan describes.
• Investing for the long term, not short-term bets, is what lets ordinary savings grow into real wealth.
• Living below your means is the foundation, and the book argues financial independence is within reach for ordinary people.

Chris Hogan is an American author, speaker, and financial coach who spent many years teaching personal finance and retirement planning to large audiences. He has hosted a popular podcast about money and retirement. His books include Retire Inspired and Everyday Millionaires.