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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#affordanything #millionaires

[@frituurmandje]

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

[@scsu300]

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

[@sethsamson666]

That is the MILLION DOLLAR question.

[@jimclifford5434]

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]

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]

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

[@trialbyfirehomestead6810]

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]

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]

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

[@stevethomas74]

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

[@darrengoodlin6294]

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...

[@dyhppyx]

What a crazy valuable episode. Thank you Paula.

[@nancyhuizar1]

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

[@everythingschoolnevertaugh1386]

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

[@ecclairmayo4153]

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

[@kdengo]

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

[@seoul2k11]

The voice is his only quality

[@anital5020]

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.

[@ecclairmayo4153]

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

[@mreditor5062]

No I love it too

[@carolannstevens5814]

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

[@kicik5038]

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]

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]

Thank you so much for sharing this!

[@cris471]

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

[@debrahansen1149]

Where do u invest?

[@cris471]

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]

How old were you when you first became a millionaire?

[@cris471]

Hi Raquel At age 56 That was three years ago

[@razojacqueline]

@@cris471 That is so cool! Congrats!

[@makalefitzgerald4814]

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.

[@Howtocreatewinningfocalsbeads]

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

[@vools8621]

Wonderful! Thanks ❤

[@gaudycouturist4856]

Great interview

[@DiscipleSteven]

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

[@mreditor5062]

I love this dude I shall use this information wisely

[@omachuca]

Great interviewer

[@SD-my9so]

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

[@LMCEK]

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

[@droptozro]

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]

@@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]

President Camacho or the Judge?

[@michaelpeterson7903]

You'd be dead playing that game.

[@mreditor5062]

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

[@joymumley4361]

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

[@IBMSystemsEngineer]

Love this guy!

[@adimichael2233]

🙏 Definitely will read.

[@bigroy38]

Who went to Smart Conference Saturday?

[@johnaddrizzo3384]

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

[@July.4.1776]

Love chris and his book.

[@josebrown8060]

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

[@AK-qg7mp]

I think I know this guys favorite word

[@litarusvita3886]

Im a fan of Chris Hogan

[@saschamayer4050]

36:31 summary 1

[@ThuyNguyen-bu9ge]

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!

[@mayyang8350]

This is so great!

[@alaska7445]

Wealth grows in Magic ways

[@alexl266]

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]

Until you have kids

[@binitamin4727]

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

[@LegalShield3000]

Just bought his book. Devouring it.

[@nickgoodwin4271]

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]

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]

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

[@themanifestorsmind]

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]

Dope pod

[@samt5317]

Great

[@kaitlinobrien243]

💕🌻

[@johnnyanderson3287]

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..

[@idontwantachannelimjustcom7745]

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

[@cris471]

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

[@a1970gto]

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

[@tipfertool5457]

Well, there are people who intentionally blow their paychecks.

[@highbrass3749]

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

[@idiocracyishere4531]

4 min of noise at the start

[@oneisnone7350]

Some heroes don’t wear capes....

[@fundip43]

but was it peer reviewed/ published

[@Captain_MonsterFart]

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

[@fundip43]

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

[@mthizr]

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

[@ecclairmayo4153]

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

[@kiwikim5163]

I know. Right?

[@KC-kr8qe]

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]

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.

[@traplove9610]

surveys pills

[@seoul2k11]

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]

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

[@aeksinsang932]

Then tell us your brilliant tips and your high selling book

[@coneil72]

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]

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]

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]

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