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

Afford Anything Podcast
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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!
___________
For more, visit affordanything.com/episode171
Subscribe via iTunes: affordanything.com/itunes
#affordanything #millionaires

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6 янв 2019

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Комментарии : 97   
@frituurmandje
@frituurmandje 5 лет назад
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 года назад
You are lucky. Now what are you going to do with this information?
@sethsamson666
@sethsamson666 4 года назад
That is the MILLION DOLLAR question.
@jimclifford5434
@jimclifford5434 3 года назад
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 года назад
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 года назад
Wish I had this information at your age. I’m 27 now I would have been way richer.
@trialbyfirehomestead6810
@trialbyfirehomestead6810 3 года назад
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
@nickgoodwin4271 3 года назад
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 Год назад
Thank you for this great segment … Chris Hogan has some awesome advice to live as an Everyday Multi Millionaire 🎉
@stevethomas74
@stevethomas74 3 года назад
I love Chris Hogan, he just screams authenticity and compassion. Great podcast too, Paula! Subbed and keep up the good work :p
@darrengoodlin6294
@darrengoodlin6294 4 года назад
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...
@nancyhuizar1
@nancyhuizar1 5 лет назад
Great interview!!! You asked some very good questions and some that I wish the survey had addressed, such as milestone expenses.
@dyhppyx
@dyhppyx 5 лет назад
What a crazy valuable episode. Thank you Paula.
@everythingschoolnevertaugh1386
I love both Chris and Paula! They have such relaxing voices.
@ecclairmayo4153
@ecclairmayo4153 4 года назад
I knew I wasn't the only one that loves Chris Hogans voice!
@kdengo
@kdengo 4 года назад
Paula? sorry, I was wondering who was she, I thought it was so boring and fake how she conducted the interview.
@seoul2k11
@seoul2k11 3 года назад
The voice is his only quality
@carolannstevens5814
@carolannstevens5814 Год назад
Theee BEST interview!!! Chris is the best!!!
@cris471
@cris471 2 года назад
I’m already a millionaire and yet I really enjoy watching such inspirational videos 😊😊
@debrahansen1149
@debrahansen1149 2 года назад
Where do u invest?
@cris471
@cris471 2 года назад
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 Год назад
How old were you when you first became a millionaire?
@cris471
@cris471 Год назад
Hi Raquel At age 56 That was three years ago
@razojacqueline
@razojacqueline Год назад
@@cris471 That is so cool! Congrats!
@DiscipleSteven
@DiscipleSteven Месяц назад
man I miss Chris Hogan. I would listen every time he was on the ramsey show
@ecclairmayo4153
@ecclairmayo4153 4 года назад
Am I the only one who loves chris Hogan voice?!
@mreditor5062
@mreditor5062 3 года назад
No I love it too
@YoYo-gt5iq
@YoYo-gt5iq 17 дней назад
No, all the women he cheated on his family with loved it, too.
@anital5020
@anital5020 5 лет назад
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.
@kicik5038
@kicik5038 5 лет назад
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 года назад
People just like to complain. I guess they wan for be able to see radio as well when they are driving in their cars
@kimdavis5631
@kimdavis5631 2 года назад
Thank you so much for sharing this!
@makalefitzgerald4814
@makalefitzgerald4814 5 лет назад
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.
@gaudycouturist4856
@gaudycouturist4856 5 лет назад
Great interview
@vools8621
@vools8621 5 лет назад
Wonderful! Thanks ❤
@LMCEK
@LMCEK 5 лет назад
Drinking game: take a shot every time he says "Intentionality" 🍻😂
@droptozro
@droptozro 5 лет назад
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 лет назад
@@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 лет назад
President Camacho or the Judge?
@michaelpeterson7903
@michaelpeterson7903 3 года назад
You'd be dead playing that game.
@mreditor5062
@mreditor5062 3 года назад
O.O rip you but tell me was a bad trip or a good trip
@Howtocreatewinningfocalsbeads
@Howtocreatewinningfocalsbeads 4 года назад
Love how Chris captured the top 5 millionaire positions including school teachers!!!!!! GG Chris
@mreditor5062
@mreditor5062 3 года назад
I love this dude I shall use this information wisely
@joymumley4361
@joymumley4361 3 года назад
I love the new questions that havenr veen asked b4 on the chris show
@omachuca
@omachuca 3 года назад
Great interviewer
@IBMSystemsEngineer
@IBMSystemsEngineer 3 года назад
Love this guy!
@adimichael2233
@adimichael2233 3 года назад
🙏 Definitely will read.
@SD-my9so
@SD-my9so 4 года назад
Paula: Thankyou for the broad range of such informative guests. I have learned so much from your channel.
@AK-qg7mp
@AK-qg7mp 5 лет назад
I think I know this guys favorite word
@bigroy38
@bigroy38 5 лет назад
Who went to Smart Conference Saturday?
@July.4.1776
@July.4.1776 3 года назад
Love chris and his book.
@josebrown8060
@josebrown8060 3 года назад
@@TheThugNasty he has morale, but hey 'it gets lonely sometimes'.. :)
@johnaddrizzo3384
@johnaddrizzo3384 4 года назад
BTW, Chris is a graduate of Georgetown College (in KY), not Georgetown University (in DC). Regardless, Great interview!
@saschamayer4050
@saschamayer4050 3 года назад
36:31 summary 1
@litarusvita3886
@litarusvita3886 3 года назад
Im a fan of Chris Hogan
@mayyang8350
@mayyang8350 3 года назад
This is so great!
@ThuyNguyen-bu9ge
@ThuyNguyen-bu9ge 3 года назад
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
@alaska7445 3 года назад
Wealth grows in Magic ways
@LegalShield3000
@LegalShield3000 4 года назад
Just bought his book. Devouring it.
@killerayiz
@killerayiz 2 года назад
Dope pod
@alexl266
@alexl266 3 года назад
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 года назад
Until you have kids
@binitamin4727
@binitamin4727 3 года назад
@@aeksinsang932 it depends....I have 2 kids, and my wife & I have reached FI.
@nickgoodwin4271
@nickgoodwin4271 3 года назад
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
@njvalueinvestor 3 года назад
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.
@johnnyboyvan
@johnnyboyvan 3 года назад
Should ask the guest how many inherited some money to help pay off a mortgage or other debt.
@samt5317
@samt5317 5 лет назад
Great
@kaitlinobrien243
@kaitlinobrien243 2 года назад
💕🌻
@themanifestorsmind
@themanifestorsmind 2 года назад
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.
@johnnyanderson3287
@johnnyanderson3287 2 года назад
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..
@idiocracyishere4531
@idiocracyishere4531 5 лет назад
4 min of noise at the start
@oneisnone7350
@oneisnone7350 4 года назад
Some heroes don’t wear capes....
@cris471
@cris471 2 года назад
Is this Chris Hogan? Sounds more like Ray Charles😊😊
@a1970gto
@a1970gto 3 года назад
I’m confused... are millionaires intentional? Or do they just go all willy-nilly with their finances?
@tipfertool5457
@tipfertool5457 3 года назад
Well, there are people who intentionally blow their paychecks.
@highbrass3749
@highbrass3749 3 года назад
I’m not sure you were intentional enough with that joke. 🤣
@idontwantachannelimjustcom7745
But with the treasury report the second 7%... how much of that is taking a salary at your company.
@KC-kr8qe
@KC-kr8qe 2 года назад
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 Год назад
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.
@fundip43
@fundip43 5 лет назад
but was it peer reviewed/ published
@Captain_MonsterFart
@Captain_MonsterFart 5 лет назад
It;s just a survey, not a scientific study.
@fundip43
@fundip43 5 лет назад
Polite Q exactly lol but they keep calling it a study ha
@mthizr
@mthizr 5 лет назад
In 2019, there are people who still can't capture interviews on camera...
@ecclairmayo4153
@ecclairmayo4153 4 года назад
Do you feel the same way about radio? Lol it's a podcast, there is not supposed to be video!!
@kiwikim5163
@kiwikim5163 3 года назад
I know. Right?
@traplove9610
@traplove9610 Год назад
surveys pills
@seoul2k11
@seoul2k11 3 года назад
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 года назад
Imagine if you pay off your mortgage and you can invest the extra money. Dumbest fucking thing I've ever heard.
@aeksinsang932
@aeksinsang932 3 года назад
Then tell us your brilliant tips and your high selling book
@coneil72
@coneil72 3 года назад
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 года назад
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 года назад
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 года назад
Chris is right. Teachers I know are all well off!!
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