10 LESSONS FROM EVERYDAY MILLIONAIRES BY CHRIS HOGAN
1. If you believe you could never become a millionaire, then you will always prove yourself right. You’ll never save enough or work hard enough to overcome that core conviction. However, if you open yourself up to the possibility—the probability—that a $1 million net worth is within your reach, then you’ll already be halfway to the goal.
2. Compound interest is the eighth wonder of the world. He who understands it earns it. He who doesn’t pays it
3. I believe that perseverance, hard work, and commitment lead to success.
4. There is no such thing as good luck or bad luck—only good planning or poor planning.
5. Typical millionaires aren’t trying to keep up with anyone else, and they don’t care about impressing people. They’re just living their lives, taking care of themselves and their families, and quietly serving other people. That’s why most of their neighbors would be shocked to learn how wealthy they are. They don’t fit the mold of what society tells us millionaires look like.
6. If you want to become a millionaire yourself, it’s time to let go of the wide-eyed, get-rich-quick view of investing that leads most people off a cliff.
7. Millionaires report the top two contributing factors to becoming wealthy are discipline and consistency.
8. The average millionaire hits the $1 million mark at 49 years old. This is after years—decades, in fact—of hard work. Only 5% of millionaires got there in ten years or less.
9. An excuse is a lie dressed up as an explanation.
10. I’ve heard excuses from so many people about why they can’t get ahead financially. They whine, “I don’t have enough time” or “I’m not smart enough” or “My job doesn’t pay enough.” Whenever I hear this garbage, I always tell people it’s not about how much time you have, how smart you are, or how much you make; it’s about what you do with what you have and how hard you’re willing to work.
Thank you for reading.