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Everyday Millionaires: How Ordinary People Built Extraordinary Wealth--And How You Can Too

3.87  ·  Rating details ·  3,973 ratings  ·  502 reviews
In Everyday Millionaires, #1 national best-selling author Chris Hoganwill show you how ordinary people built extraordinary wealth--and how you can too. You'll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible!

This book is based on the largest study EVER conducted on 10,000 U.S. millionaires--and the results will shock y
Hardcover, 272 pages
Published January 7th 2019 by Ramsey Press
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Yasmin The Millionaire Next Door is far better researched and filled with detail. Skip the Hogan book unless you are looking for a little bit of motivation.

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Bryan Baecker
Jan 23, 2019 rated it did not like it
Shelves: personal-finance
As someone that both advocates Dave Ramsey's approach and loves ' The Millionaire Next Door' (TMND) so much, I REALLY wanted this book to be good; I really did. I pre-ordered it and got the audiobook included with my physical copy. I suffered through two and half hours of the audio book before switching to the book so I could skip past the author's redundant regurgitation of the same facts (he spent over 30 minutes of a seven hour book talking about how millionaires don't take unnecessary risks ...more
Tamara Wilhite
Jan 03, 2019 rated it really liked it
This book feels like a hybrid of "The Millionaire Next Door" and Chris Hogan's "Retire Inspired".

This book was promoted online and on the Dave Ramsey show as an update of "The Millionaire Next Door". They did that study. They share relatively few of the resulting statistics except at a high level, such as the fact that fewer than 3% of the millionaires inherited a million and 80-90% of millionaires remain first generation. I compared this book constantly to the prior classic. The biggest shift
Jan 12, 2019 rated it it was ok
This is my very first Dave Ramsey book I have read and I was highly disappointed with this book. If you listen to the Dave Ramsey show, this is just the show in written form. There was very limited new information. I would only recommend this book if you are new to the program or if you never listen to the show. I was also highly disappointed with the reading level. It reads like a high school book versus an adult level reading book.
Jan 20, 2019 rated it it was ok
This is the second book by Hogan that I've been underwhelmed with (the first being Retire Inspired). He tends to be very redundant, saying the same thing repeatedly just in slightly different ways. This book especially felt like a pamphlet or small pocket book that was needlessly expanded into a full book. Now, I've read all of Dave Ramsey's books and listen to his podcast everyday, so that may be influencing my perception some.

I was also expecting much more data and to see the actual results of
Jan 26, 2019 rated it did not like it
This book seemed to simply be a money grab by Ramsey Media/Press. They sought to update the information contained in The Millionaire Next Door by Thomas J. Stanley with extensive interviews with wealthy people and data points showing how people build money over time. It was written in a very simple narrative, lacking the humor and personality of Dave Ramsey. Chris Hogan's life experiences are hard to identify with (he went to college on a Football scholarship), and lack the transformative experi ...more
Laura Hunt
Jan 24, 2019 rated it it was amazing
Listened to it on audio book.

This was awesome. Guys, you don’t HAVE to always have a car payment or a mortgage. Wealth is not something that is usually inherited... but worked for. This book dispels myths about the wealthy, and how most millionaires look like regular people because they’ve got their spending in check. Super validating for myself because of the sacrifices we are making now to make it pay off big later. ❤️

Spoiler alert: you gotta make a plan, save consistently, and stick to a bud
Jan 09, 2019 rated it really liked it
I wasn't planning to read this book, but it arrived on my doorstep (probably because my husband is a SmartVester Pro and he ordered it! ha) and I cracked it open. I'm so glad I did. What a great reminder to be intentional and consistent in my finances. This book is not about greed; it's about getting past our limiting beliefs about money and what is actually possible. The results from studying 10,000 US millionaires were interesting and inspiring. Most millionaires do not earn over 100K per year ...more
Jan 03, 2019 rated it really liked it
I enjoyed this one, and was particularly interested in the Roth IRA analysis chapter. Overall, I wish he has delved into more interviews with the millionaires and even more data driven instead of anecdotal in how he discussed the myths. But overall a solidly good read, and I would actually advise reading this one before his other book, Retire Inspired, because This one focuses on the “why you can do it” and his other book focuses on the “how.”
Sep 29, 2019 rated it it was ok
I get that one of the book's objectives is to change the mindset of the reader about the attainability of wealth, but the first part of the book is too much of a political / ideological screed. It's repetitive, disingenuously presents complicated questions as simple and takes an exaggerated, extreme view of the issue. I was struck later on by the contradiction between claiming inherited wealth is not a significant factor in explaining why rich people are rich, while also frequently promising tha ...more
Feb 05, 2020 rated it really liked it
The statistics were fascinating. Solid practical advice.
The book is touted as an update to the classic "The Millionaire Next Door", with a bigger and more recent sampling of millionaires in the US, to determine how they got to their million(s), and other related topics. I enjoyed listening to the audiobook, but I can't say I got anything new out of it. If you have heard Chris Hogan on the Dave Ramsey show on the radio, you know exactly what this is about. You get a few more details, and a few more personal anecdotes from the author, and a few illustr ...more
Jul 05, 2019 rated it it was ok
This is basically a recap of the Dave Ramsey radio show. I was hoping to get some insights on how normal people reach millionaire status without crazy or risky investing plans. It starts with the basics. Stay out of debt, including student loans. Make consistent efforts toward your savings goals. Live on less than you make. If you've read or listened to anything in the Ramsey solutions catalog, you already know this.

Hogan keeps stating that anyone can reach millionaire status, which I agree with
Kathleen Brunnett
Feb 04, 2019 rated it really liked it
A motivating look at regular people who have achieved a net worth of at least one million dollars by saving and spending wisely. There is hope for us all!
Rindi Trainer
Nov 25, 2019 rated it it was amazing
We listened to this as an audiobook during a few short road trips. Very encouraging and inspiring!
Jade McDonald
Jan 25, 2019 rated it really liked it
This is a great book for anyone interested in building wealth. Even if you have debt that you need to clean up first. I would recommend reading Total Money Makeover and STARTING with the baby steps explained there before reading this book. I found this book inspiring and interesting and an easy read. I think most people would be surprised by many of the statistics found in this research study. Millionaires are not typically what the average person visualizes.
Feb 21, 2019 rated it did not like it
Shelves: educational
This book was advertised as continuing the research of The Millionaire Next Door, but sadly the book gave vague statistics. It was more a cheerleading book encouraging you with short stories and quotes from millionaires. The information was repetitive with the “you can do it” message. Overall, if you’re looking for encouragement this might work for you but if you’re looking for deeper information and statistics I’d pass.
Shelby Poinikiewski
May 07, 2020 rated it it was amazing
Feeling so pumped about our future after reading this book!!! I'm focused and not finished, my friends!!! We are going to be millionaires!!! ...more
Feb 08, 2020 rated it liked it
Book #8 for 2020: Real easy read. I identified with most of the principles Chris Hogan teaches and mentions. We have worked hard to pay off the little debt we had (about 70k total between my grad school loans and a car loan). We have our FFEF (fully funded emergency fund) in place, and 26,000 in savings for a down payment on a house (and climbing every month). We contribute 11% to mandated state retirement account every paycheck and put 15% of take home pay into ROTH IRAs. Despite not making mor ...more
Talitha Baker
Dec 05, 2020 rated it it was ok
This book could have been written in half as many words. I picked up a few good tips, which I appreciate.

I would have appreciated more tangible insights and less infomercial-y quips. The book has some slight diet culture ideas and seems to have a lot of dog whistles to republican ideals.

While I appreciate Hogan’s thesis that it’s incredible accessible to become a millionaire in America IF you are disciplined, he also sugarcoats certain common components of achieving wealth. For example, he talks
Charlie Moynahan
Jan 18, 2019 rated it really liked it
For those that follow the Ramsey Solutions movement (listen to Dave Ramsey on the radio or have read Total Money Makeover), recent publications have mostly been rewordings of the titular message. For example, Rachel Cruze’s “Live Your Life Not Theirs” was Total Money Makeover written for the millennial generation. Same content, but around new examples and applications of that content. Retire Inspired, Hogan’s first book, was largely based on the same principles as well, just more in depth. Not s ...more
The Millionaire Theme Hour is one of my favorite parts of the Dave Ramsey Show, but I’m realizing that I like it as an occasional treat rather than the main course. Because they Ramsey Solutions team promoted this so much in the 4 moths before and after the release of this book, there was very little here that was “new to me.”

That said, if you’re new to the Ramsey/Hogan sphere, and you doubt that the things they talk about are possible, the book is a pretty solid look at the end goal of a Ramsey
Kate M. Colby
Feb 06, 2019 rated it really liked it
If you have read other books by Chris Hogan or another member of the Dave Ramsey team, a lot of the information and advice in this book will be repetitive for you. (However, I think that's part of the key message.) Hogan provides new and surprising statistics about "everyday millionaries" (people whose net worth is $1,000,000 or more), then gives straightforward strategies that the reader can use to build wealth. This is not a "get rich quick" scheme. Hogan's practices require the reader to be f ...more
Oct 04, 2019 rated it it was amazing
I found this book so motivating! Chris Hogan debunks common myths about millionaires. One important aspect of this book is it focuses on people whose net worth is a million or more not people whose income is a million dollars.

The steps to becoming an everyday millionaire aren't flashy or exciting. It comes down to hard work, saving consistently over time, and living on less than you make. The key is remaining committed and understanding this is a long term goal. In a day where everyone wants in
Jessica Gutierrez
Feb 11, 2019 rated it it was amazing
I honestly believe this book and his other book “Retire Inspired” should be required reading! This book really does a great job of not only myth busting what it means to be a millionaire in America today, but really changing the way you think about money. The lessons in this book can (and should) be applied to every area of life, not just finances. I really think that if you were to follow the advice laid out in this book, that it would have a humongous impact on your life, and on the lives of t ...more
Olivia Chancellor
Apr 15, 2019 rated it liked it
The book was definitely encouraging to let me know I’m on the right path by remaining debt free. But as other reviews have said, this was expected to be a true update of the Millionaire Next Door yet it was not. There are a few high level stats but that’s it. I think I expected this book to be less fluff and more numerical facts. I liked reading people’s stories but they gave very few facts about the people in the stories. Many of the people in the book achieved their millionaire status via reti ...more
Jan 20, 2019 rated it liked it
Shelves: 2019
Love the content, which I was already well acquainted with from reading Dave’s book The Total Money Makeover and Chris’ book Retire Inspired. I also enjoyed The Millionaire Next Door. However, this book along with Millionaire Next Door fall into the same trap of repeating the same message over and over again to make its point. Having been a sociology major, I find this is true of most population study-based books. I enjoyed the numbers and the personal stories the most, but I found it just went ...more
Rebecca Ramage
Feb 19, 2020 rated it it was amazing
This book is the brilliant follow up to "Retire Inspired." I love how there are feature stories from actual millionaires within the book. This has been very inspiring for me and has the gears turning in my head to plan to become a millionaire! One thing to watch out for is the statistics - some may be confusing since he is discussing a survey of a 10,000 millionaire sample that was conducted versus the "rest of the population." Hogan debunks myths about becoming a millionaire and demonstrates wh ...more
Mike Felker
Jan 27, 2019 rated it it was amazing
If you’re familiar with Dave Ramsey’s material and have been listening to his show for a year or more, there aren’t going to be any new formulas or surprises in this book. It’s all the stuff you’ve been hearing all along, which is to get out of debt, save, and invest.

Is the book still worth reading? Absolutely! Especially if you’re new to Ramsey’s material. But even so, the book is very encouraging and will remind you that anyone can do this. For the most part, the book is filled with stories, a
Jan 14, 2019 rated it it was ok
Great subject! I liked the stories from each family highlighted and their journey to become a millionaire but it lacked a lot of information on the research itself. I was looking for more data, but I guess becoming millionaire is just boring: work hard, save money. The little data he shared was really interesting. If you are already a Dave Ramsey fan, there’s no much more learning from
This book, although it was a fun little book to read.
Samantha Liszewski
May 04, 2020 rated it liked it
Meh. I wanted this to be better. While this book is very inspirational (which is awesome!), he basically says the same thing over and over and over: invest in the company 401K consistently for the long haul. Very inspirational, but too much information gets repeated. I think this could have easily article.
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