The Myths of Becoming a Millionaire & How to Build Wealth | Chris Hogan

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• 00:00

  Hi, my name is Lewis Howes, and welcome to the Daily Motivation Show.

• 00:11

  We'll talk about these myths about millionaires, but some of them miss the surround millionaires.

• 00:16

  Well, we talk about six in the book, but I'll tell you two.

• 00:19

  Most people believe they inherited it all, right?

• 00:21

  You see somebody with money, you think, oh, mom or dad handed it to them.

• 00:24

  The truth is, 79% of the millionaires that I talk to, first generation wealth builders.

• 00:29

  They didn't come from anything.

• 00:31

  These are people that focused and built money over time.

• 00:33

  Next myth, well, if you're a millionaire, you make a high-paying job, right?

• 00:37

  You got big income.

• 00:38

  Yes, yeah, yeah.

• 00:39

  Nope.

• 00:40

  A third of the millionaires that we talked to never made six figures in a single working year.

• 00:44

  Really?

• 00:44

  Think about that for a second.

• 00:45

  Dual income never made six figures?

• 00:48

  So that blows that myth out of the water.

• 00:51

  A third of the millionaires that we talk to.

• 00:52

  Wow.

• 00:53

  Right?

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