Do you ever wonder what sets millionaires apart from the rest of us?
It turns out that being a millionaire might not be as rare as you think. In fact, according to a 2021 study by Credit Suisse, there are nearly 22 million millionaires in the US alone. But, most of them aren’t what you would expect. These millionaires are not the flashy and jet-setting types you usually see on TV.
The secret sauce of these millionaires has been unravelled by Chris Hogan, who hosts a radio show and wrote a book called “Everyday Millionaires”. He explored the secrets of these everyday millionaires in his book. Hogan talked to over 10,000 of these wealthy people.
In his book, Hogan has discovered some fascinating insights into what makes these millionaires tick.
So, what is their secret?
Hogan points out that they are not splurging on private jets or fancy stuff. They are just working hard and making smart choices with their money.
The millionaires are like you and me. They are hardworking people who have built their wealth over time through smart decisions and dedication. “These are regular, hardworking, everyday people. They’re not flashy,” Hogan said.
The author figured out that nearly all of these millionaires – like 97% of them – think they are the bosses of their own lives. They believe they control their destiny. That is way more than the average person as only about 55% of regular folks feel that way.
Want to know more about how these millionaires handle their money? There’s a video that explains four other things they do with their cash that most of them agree on.
[N.B.: One point’s discussed in the article above. Know the remaining four in the video above.]
