Millionaire+

"Millionaire" doesn't mean as much as it used to. Inflation over the decades has lowered the purchasing power of a dollar, so a million dollars today doesn't buy what it used to. But, per Chris Hogan in yesterday's video, it still sounds magical.

He exploded four myths with the results from his own research (which are supported by statistics at this website):

• Most millionaires didn't inherit their money 
• Most were not extreme lucky
• Most didn't get a fancy education
• Most don't have high-paying jobs

What made them extraordinary? Nothing. They just chose to do what it takes to make that kind of money. It did not necessarily include becoming a selfish jerk, but just mostly a plan along with self discipline and delayed gratification.

Chris Hogan's friend, Dave Ramsey, has made a business out of teaching the financial habits that end debt and build wealth. Check out his plans at his website.

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