Title: Everyday Millionaires Pdf How Ordinary People Built Extraordinary Wealth
Our new book is based on the largest study EVER conducted on 10,000 U.S. millionaires—and the results will shock you! You’ll learn that building wealth has almost NOTHING to do with your income or your background! It doesn’t matter where you come from. It matters where you’re going.
Most people think it takes crazy investing knowledge, a giant salary, a streak of luck, or a huge inheritance to become a millionaire. But that couldn’t be further from the truth! Here’s what you need to understand: if you’re willing to do the work—if you’ll follow the stuff we teach, if you’ll commit to our plan—then you CAN become a millionaire.
Millionaire Myth buster Excellent study of what makes millionaires in America today. Bottom line up front: An encouraging book for all ordinary but dedicated people who wish to build extraordinary wealth.Chris Hogan surveyed 10,000 people with a net worth of more than $1 million, then looked at characteristics that would explain their success. He found, contrary to popular belief, the 10,000 were ordinary people who built their wealth slowly through mutual funds, IRAs and company 401K plans. Over 2/3 had averaged less than $100,000 per year in income and one of the top 3 professions was teacher. He found 97 % didn’t inherit their millions, but used discipline, hard work and low risk investments to accumulate wealth.Next, Hogan discovered the five most common traits among the 10,000 millionaires and proposes those of us who emulate these traits should also be successful. The 5 traits are taking personal responsibility, practice intentionality, be goal oriented, work hard and consistency.Hogan intersperses stories of individual millionaires along the way to illustrate his points. This results in an engaging, easy to read book. People looking for get rich quick schemes will be disappointed as will anyone who wishes to fault his logic. If, for example, one would argue a high paying job is necessary to building wealth, Hogan counters with his survey results: 1/3 of millionaires never had $100,000 income in a year, only 31% averaged $100K and only 7% averaged over $200K.Bottom line is for the average Joe who thinks he can’t get ahead, this book will outline a straightforward, although lengthy process for achieving millionaire status.Not impressed Very disappointed. No real content or data in the book, just more of the same.Waste of money if you aren't young. I am over 50 and this book is written as though you are just getting started in you life. Depressing to read knowing it does not speak to older people who want to start where they are. Waste of money.
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