The Ramsey Show - App - Discover How Anyone Can Become a Millionaire (Hour 2)

Episode Date: August 7, 2018

The show about you

Live from the headquarters of Ramsey Solutions, this is the Dave Ramsey Show. It's where America hangs out to have a conversation about your life and your money. Sitting in for Dave Ramsey this hour, I'm Ken Coleman. I get to host the Ken Coleman Show on Sirius XM Daily that leads into the Dave Ramsey Show. And I also get to hang out with one of my favorite people in the world a lot here on this show. He is the best-selling author of Retire Inspired, Chris Hogan, and soon to be the best-selling author of Everyday Millionaires. Chris, the day is here. It's finally here. This book goes on pre-sale, and we're going to have fun talking about it this hour and taking people's

calls but first i want to say congratulations on this amazing adventure called everyday millionaire well thank you ken i'm telling you this this was one of those things i didn't think that they would ever get here you know you circle the day on the calendar because you're doing all this work and all this stuff to the point to where you go is it ever going to happen and it's here yeah so i'm very very excited and can't wait for people to get the information. Now, we're going to tell you a lot about it this hour. We've got some amazing deals so that you can preorder it. I'll just get started with this one right here, but I'm so excited to talk about this

book because this is more than a book. I'll reveal what that means momentarily, but I want folks to know, as they're listening in right here on this hour, that you can pre-order the book at ChrisHogan360.com or DaveRamsey.com for only $20. And you're going to get over $50 in free items when you buy the book. That's the Everyday Millionaire's audiobook, the Everyday Millionaire's e-book, a video lesson from Chris on how to retire inspired,

and a video lesson from Dave on how to retire inspired, and a video lesson from Dave Ramsey called It's Okay to Be Wealthy. And yes, it is. Speaking of wealthy people, Chris, I said just moments ago that this book is more than a book. This is the largest study of actual millionaires that has ever been done. 10,000 millionaires? 10,000, Ken.

You know when we do things around here, we don't go like just okay. And so we had looked and we had looked out there and no one had really done anything of significance over 1,000. And so we said, you know what? Let's reach out. So we reached out to our tribes, Ken. Dave reached out to his. I reached out to our tribes ken dave reached out to his i reached out to mine and guess what we have just so many people that are plugged into the message that are doing things day in and day out the way that we teach and so it's really not a surprise that we're able to get connected with over 10 000 millionaires okay so

we're going to talk about some of the amazing findings in this study. Because, folks, I want you to grasp this. 10,000 millionaires, people who have gotten where many of you want to go. And here's one interesting thing. Clearly, across the board, Chris, the study revealed that your income, how much you actually make, or your background, so let's call it socioeconomic background, had nothing to do with them becoming millionaires. So that's a big truth. That's a massive statement because most people immediately, Ken, will point to, well, I can't

become a millionaire because I don't make X, Y, or Z dollar amount. And ultimately what we found is that it doesn't have anything to do with your income. It has nothing to do where you were born. I mean, we've talked to people all across the nation, people that are in Wyoming, New York, L.A., Florida, all over the place, and it had nothing to do with it, and so it blows that out of the water. So it's really one of those things where we're snatching excuses off the table. It's not about your income, and it's not a matter of where you're from.

It's about what you do. Oh, all right. So let's help people do some great stuff. How about we go to Jim, who is on the line in Louisville, Kentucky. Jim, how can we help? Hey, you got me there? I got you, Jim. What's your question?

All right. Well, thank you for taking my call. Sure. Congratulations, Chris, on your new book coming out. Thank you, sir. Great to get that. It's my first time calling. Me and my wife, we just have been turning on to Dave Ramsey for a little bit.

We've just now got serious about doing it. My question is, I've got some money put back in an investment account. Part of it's in a Roth IRA, and part of it is in just an investment. Like you buy so many stocks and it draws interest, depending on how good the stocks do. I'm not exactly sure what that's technically called. But my question is, do I need to sell all that and cancel all that out and take that money and pay towards my debt? Or should I just shut off the flow going to it and not put no money in it

and pay my debt off that way? And then when the debt's paid off, I still got that plus whatever interest it's drawn. Okay. Now, Jim, you have definitely been focused. Let me ask you this. What caused you to get serious? Well, my aunt and uncle actually done their debt-free screen about a year ago. Ah.

And he's been a big influence to me all my life. He was a truck driver when I was a kid, and I'm actually a truck driver now. He's kind of my childhood hero, I guess. Yes, sir. Well, when you hear other people and you start to realize, and I'm actually a truck driver now. He's kind of my childhood hero. Yes, sir. Well, when you hear other people and you start to realize, hey, we can do this too. So I like that you're focused. The money that you have set aside, is this money for retirement or was this just an investment? Well, part of it, I just now got it started in January.

There's not a whole lot in there for retirement. We just put like 40 bucks a month in there for the Roth IRA. And then the other one is just for investment. Okay. All right. So here's what I would do, Jim. I'd cut off the flow to that and let's start to get serious and attack the debt. Remember, we teach people to attack the debt with the debt snowball. List the debts out smallest to biggest and let's get focused. I don't want you to cash in out the Roth IRA or anything like that, not at all. If you've set that money aside for your financial future, let's let that be there. Now, if you've got single stocks inside of that, that's risky.

That's like going to Vegas. I want you to get connected with a smart investor pro and start to walk through and understand your options. That's a lot of volatility, and all I mean by that is a lot of up and down. You want stable things. But to stabilize your future, let's take care of the present. And that's attacking debt and getting that out of your life. Thanks for the call, Jim. All right, Chris, the new book is Everyday Millionaires,

How Ordinary People Built Extraordinary Wealth. Throughout this hour, we'll be talking about some of the myths and truths that are revealed as a result of this study. 10,000 millionaires. Here's one. This is a myth that the study just completely just blows up, and that is that wealthy people got lucky and made super risky investments. Not true? Not true at all.

This is a matter of being consistent, right? Everybody associates luck. I mean, Ken, when we watch and we see things on TV or you see someone that's doing well or has done well, we think, well, I mean, they're just lucky or they're just super talented, right? But when it comes to dealing with money, and that might be the case on a sports field, but when it comes to money, it's the consistency that paid off. And you're going to hear that in over and over and reading the stories in the book, because not only do we have the largest research study, we've got the stories of these people, where

they came from, what they overcame to get where they are. And it's amazing. It's fantastic reading. Do you think that we as humans think that wealthy people got there out of luck or just insane risk because we're not as disciplined as we should be? So we want to rationalize and go, oh, well, it had to be just some insane stroke of risk or luck. Well, Ken, you just come out swinging there.

Well, I just wonder if that's what we all think. I think so. I think it's easier to rationalize why we're not somewhere and how somebody else got there when we can't too. We're going to show you how. Oh, yeah. Coming up, more of the myths from the study, 10,000 Millionaires, that Ramsey Solutions study for everyday millionaires.

Chris Hogan's new book. We're excited. Pre-sale started today. Chris Hogan, 360.com or DaveRamsey.com. You can get it today. Only $20 and a whole lot of goodies. More of your questions. More of the study.

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Welcome back, America. This is the Dave Ramsey Show. I'm Ken Coleman, joined by Chris Hogan this hour. We take your calls, 888-825-5225. We're also talking with Chris about his latest project, Everyday Millionaires, how ordinary people built extraordinary wealth, and you can too that's my favorite part of the subtitle i like how you put a dash in there you know oh by the way you can too yeah that's really good because you know me ken i'm subtle yes you are yeah i want people to know that it's

possible you know this is the thing that this book really does that it really breaks down the myths it helps people understand the truth and they can be able to see and what i like toward the end ken is that i focus on the characteristics of everyday millionaires these are the things that you need to start to apply in your life so you can get there as well if you feel and by the way folks i am holding a copy of it right now it goes on pre-sale today i'll tell you a little bit more about that later in this segment. But I'm holding one of the first copies. It goes on

pre-sale today, as I said, but I flip over the back of the book, and if you're watching the video channel, look at that. Look at this guy. Handsome. Look at this guy. I mean, my goodness. Talk about millionaire. Millionaire smile right there on the cover. Here's what it says on the back, Chris, and I want you to expound on this because this is what makes this book powerful. Okay. Revealing truths from the largest study

of net worth millionaires ever. That's a lot of credibility. How many millionaires? Well, we talked to over 10,000, Ken. Okay. I know you're thinking, maybe, did he say 1,000? Did he say 2,000? No, 10,000. And what we wanted to do was to do the largest study that's ever been done and we wanted to reach out and really make sure we were doing a few things uh we talked to people from dave's uh you know uh tribe my tribe but we also used the third party source so we could get people from white space and what i mean by that is people out there that don't know of dave and i at all know nothing about us, but they're millionaires. And so what we wanted to do was to be able to look at the research in all kinds of ways, to look at the people that know of Dave and I.

Right. And the message we're talking about versus people that don't or, you know, the cross section, how to be able to compare. And so that's the research side that is shocking for people. Let me just say this, because when you see the statistics, you're going to go, oh, but there's similarities. If they knew of Dave or Chris or not, there's some interesting things that millionaires are doing. And so to be able to pull all that together with our amazing research team. And let me take a minute and really brag on them because they're fantastic. Amy Warren, Tim Smith and all the team them because they're fantastic uh amy warren tim smith and all the team out there did a fantastic job on this research uh all the interviews that

were conducted and the information that was gathered uh it was exciting ken it was exhausting as well as exciting well enlightening as well here's something that this study revealed, that a majority of millionaires never made six figures in a year. I think that, to me, was a bit surprising. That's huge because we typically hear or we think of someone that's a millionaire, everybody automatically gives them a high six-figure income, right? Well, they must have. They're just stacking their money that's right and it goes back to this whole myth that you had to be lucky right you had to invent something

you had to create something in order to get there and it's just not true we're talking about people that have made a wide variety of incomes one of the stories in there will shock you i'm not even going to tell you about it because you got to read. But in there, to hear this lady's income range over a 30-year period and what she was able to accomplish blew me away. So you know what that does. You can hear Dave Ramsey laughing. It's the tortoise. It is.

He loves the story of the tortoise. The hair we all do. He talks about it all the time. But these men and women who are millionaires represent that story so well, the tortoise. They really do. And when we hear of this, and we know the truth that it's not a high-paying salary, what it does is it removes the excuse that we have for why we're not hitting it, because it's available.

Coleman, listen to me. People tell me all the time, Chris, you know, I think the American dream's dead. I don't think the American dream's available. And I'm going, what are you listening to? Where where are you because i'm traveling across the country i'm meeting people in airports i've got people coming up to me in hotels tapping me on the shoulder one dude scared me half to death right but he leaned over he goes hey i'm an everyday millionaire oh and you know and i just looking at him i was like dude that's awesome gave him a big hug waitress looked at us funny but it was okay because we're friends. And it's possible.

The American dream is not only alive, it's well, and it's available to you if you make the decision. And this book, Everyday Millionaires, has got 10,000 plus stories to prove it. Again, that's what I like here. Your first book, Retire Inspired, bestseller, Runaway, still does huge numbers. And it's phenomenal. But this is that type of book. but now you've got this study. Folks, I want you to hear this.

This is not Chris musing, theorizing. Right, no. This is anecdotal. Excuse me, it's not anecdotal, rather. It's empirical research. 10,000 millionaires. This is unbelievable. It is.

Let me ask you this. How soon into this book will readers go, oh, I think Chris is right. I can't actually do this. Oh, I think you get there very fast. The thing that really I think will motivate and get people excited, it's the stories. Yeah. It's the stories of people that have overcome some incredible odds. People that have come from, let me just

say this, for the one gentleman story in there, from less than nothing. The young man that's living in a single family home with seven, eight of his brothers and sisters in the house, and he talks about the day that he made the decision that he was going to have better for himself and his family one day. So it's one of those things where you look at it, it's almost like Rocky over and over. Because you have people that are battling against things, but they have their mission.

The thing that's driving them, and that's what I love about the book. How about Ann? One million dollars net worth. This is from the book. I have been a single mom for 27 years and have built almost all my wealth during that time even on one income i did it through discipline and consistency and having a loving caring family who convinced me i would make it through i share that story chris because again here's a single

mom i know you have a heart for single moms out there they're they're they're heroes oh yes and she did it she did and it's one of those things where you look at it, Ken, even with a single income, you know, I especially have a heart for single moms. I came from a single family, single mother family. And it's one of those things where looking at this really starting to make decisions. And I think for anybody that's out there, I don't care who you are, where you come from. It's all a matter of where you're going. And so we have to be aware of this. But she said something that I really like, Ken. She's talking about the friends and family that supported her. And I think that's so important as well, that we have to cheer people on and know what people are trying to do and believe in them.

An encouraging word can have an incredible impact on lives. We just have to deliver them. Well, folks, I told you that we were going to tell you how you can get this book. It goes on presale today. It's already out there. People are jumping on it. The book is Everyday Millionaires. You've been hearing Chris Hogan and I talk about that, how ordinary people build extraordinary wealth and how you can too. Again, Ann is just one of the stories.

Coming up a little bit later, I'm going to tell you about Ralph. I love this story. It sounds a lot like the stories. Coming up a little bit later, I'm going to tell you about Ralph. I love this story. It sounds a lot like my dad. It's a really fun story. There's so many great stories from this study of 10,000 plus millionaires. Now, you can get it today. You can get it before everybody else

because you're listening to the show. And you can get it at ChrisHogan360.com or DaveRamsey.com for only $20. With that purchase, you're going to get over $50 in free bonus items, including the book, Everyday Millionaires, on audio. That means you get to hear Chris read it to you. Oh, boy.

That'll inspire you. Then you get the Everyday Millionaires e-book. You're going to get a video lesson from Chris teaching on how to retire inspired and a video lesson from Dave Ramsey entitled, It's Okay to Be Wealthy. So again, those are the free goodies that you get for just buying the book now. Again, pre-ordering it for only $20. ChrisHogan360.com or DaveRamsey.com. Now, coming up, we're going to get to your calls.

888-825-5225. That. 888-825-5225. That's 888-825-5225. Also next segment, we're going to take on a few more of the myths that people have, Chris, about millionaires and what your study of over 10,000 millionaires actually said is the truth. Yes, I want people to know the truth, Ken. No more lies. No more fibs. We're going to shoot people straight.

Well, you have done it, my friend. It's a blowtorch of truth with 10,000 millionaires going, hey, here's how I did it. And I love the subtitle, How Ordinary People Build Extraordinary Wealth and How You Can Too. The book is Everyday Millionaires. He is Chris Hogan. I'm Ken Coleman, and you're listening to The Dave Ramsey Show. Can you believe this real estate market? Home shopping has become so competitive. There's a ton of new buyers in the market, and bidding wars are the new normal.

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This is the Dave Ramsey Show, where America comes caller after caller to have a conversation about their life and their money. I'm Ken Coleman, sitting in for Dave Ramsey this hour. Really thrilled to have my good pal their life and their money. I'm Ken Coleman sitting in for Dave Ramsey this hour. Really thrilled to have my good pal Chris Hogan in studio as we take your calls. 888-825-5225. That's 888-825-5225. The entire Ramsey Solutions organization celebrating the launch of the pre-sale of chris's new book everyday millionaires how ordinary people built extraordinary wealth and how you can too it is his new book it's more

than a book folks we've been talking about it all hour the reality is he and the team got together and said let's go for the biggest study of millionaires in the history of the United States. Why don't we just say history of the world? Just sounds better. If I'm wrong, I can apologize on air later. But the reality is, is that, Chris, that's what makes this so special is the empirical data that then informed what you write in the book. And it really is the back half of that subtitle, which is and how you can, too. That's what this book does.

That's why we're so excited. And it is on sale today. You can pre-order it. Not pre-order it. You order it. It's a pre-purchase. It's going to show up January 7th. $20.

ChrisHogan360.com or DaveRamsey.com. Yeah, it is fantastic, Ken. I actually went into it, and you have these preconceived notions. You think, OK, this is what I'm guessing. This is what I'm thinking this? And so you see it, especially from the whole group, right? People aware of Dave and I, people that have no idea who we are getting that cross section. And so it's actually very pure data for you to get the facts and to know, okay, this is the reality. And so a lot of things shocked me. A lot of things were very eye-opening. Some things were confirmed. But it really boils down to just some basic steps and some basic things to be able to do. The first thing is to get started.

Oh, I like that. So we're going to unpack a little bit more of the book, some of the stories. That's what I love about this. When you go survey, you go that route. You get some great, not just data, but the stories that, of course, are the source of the data. So we'll get to a little bit more of that throughout this hour. We're going to get to your calls as well. 888-825-5225.

Let's go to Daniel, who's on the line in Tuscaloosa, Alabama. Daniel, how can we help? Hey, Chris. Hey, Ken. Hey, I've got a question about an IRA I've got. Okay. My IRA is currently earning 1.5%. So I asked about moving into

a mutual fund. And they recommended a target date mutual fund for year 2050. And the one they recommended had a 9.7% 10-year average. Is the target date a good idea if I can find something with a little better interest rate? Okay. Well, and looking at that,

and again, Daniel, thank you for taking the time to call in. When you hear that date that they gave you of 2050, how old are you right now, my friend? I'm 33. Okay. And so in looking at it, at what age do you plan to retire? Hopefully at 65. Okay. All right, so you're looking at that.

So you've got another 32 years, correct? Yes, sir. Okay. All right, so you're looking at that. So you've got another 32 years, correct? Yes, sir. Okay. Now, you and I know that as you work hard and you get focused, you may eventually want some options to retire a little bit sooner, correct? Yes, sir. Okay. And see, that's the thing about me.

I don't want anybody trying to put a date on me. I don't want anybody trying to put limitations. And so what I would encourage you to do is definitely sit down with your investment professional, but let's start to talk about the growth. We've got to put limitations. And so what I would encourage you to do is definitely sit down with your investment professional, but let's start to talk about the growth. We've got to make sure, I mean, if you're investing in something right now and it's getting 1.5%, I mean, that's not outpacing inflation, which hovers around three, three and a half percent. So we've got to have growth. So I'd say no on the target date funds. I would want you to look at growth stock mutual funds. Let's look at something that's going to give you growth. But remember, we diversify across those four different growth

stock mutual funds because diversifying allows your money to be able to grow and it keeps you protected. So yeah, I would avoid the target date funds, get plugged in with the SmartVestor Pro, talk with them about your dreams, talk with them about your goals, and more importantly, be focused on what it is you're trying to achieve. Thanks for the call, Daniel. All right, folks, you're joining the Dave Ramsey Show. I'm Ken Coleman, sitting in for Dave this hour. We've got Chris Hogan in here talking about his brand new book, Everyday Millionaires,

How Ordinary People Built Extraordinary Wealth and How You Can Too. And again, we keep coming back to the idea of 10,000 plus millionaires from all across the country, all different backgrounds, different ages, different stories, and there are some truths that rang clear. Here's one that I found to be really fascinating. Most millionaires have regular jobs. In other words, it wasn't doctors, big-shot lawyers, lawyers professional athletes they didn't make the top

five possessions specifically sorry doctors and athletes did not make the top five professions i can't talk all of a sudden so when you looked at the top five that millionaires existed in these professions doctors athletes not there i think most people again think that there's this special group of people in certain occupations and they're the ones that are making in the book. But now if it's not a high powered position, now what people are starting to see is the truth that it's not a matter of what your job is. It's not even a matter of your income level. It's going to boil down to the plan that you're working. It's going to boil down to those character qualities that I talk about toward the end of the book. That's the thing, kid. And so as you're walking through this, you're starting to understand the real truths

and you've got to make some decisions. And I actually, at the halfway point of the book, I get very direct with people because I tell them, you've got to make a decision about what it is you're going to do because you've read these stories, you've heard the truth, you know what people are doing, people that are in worse shape or people that had to climb out of a whole lot of debt to get there. They were able to do it because they decided. Okay, so most millionaires have regular jobs. We just discussed that. Most millionaires, so these tie together, come from at or below middle class income levels.

Read that one more time. I do, because I want to add, you know where I'm going. Most millionaires come from at or below middle class income levels. Why is that? Well, in the study and walking through it, being able to see and understand that I think it's really a matter of a couple of things. Work ethic and being focused. The money you come from, where you come from, has no determination on where you're going. Okay. I know people that have come from very, very wealthy families that, that, that didn't learn hard work or, or, or being able to be focused.

And so guess what? They're not, they're not having much of an impact, but I also know people that came from below the poverty line that were loved, that did work hard, did have a work ethic that have applied that in their lives. And so it's this, Ken. I don't care. People say, well, you know, I was born at this place or born here or there, so I can't do it. No, that's not true.

Because we've talked to millionaires from all over the country. Where you were born, the family you were born into has no indication of what you're able to accomplish individually. And for a lot of people, that snatches some excuses off the table because you look at it and you go, you know, I can't blame that anymore. It's actually I've got to make some decisions for myself. I love that you said one of the big reasons that folks at middle class or below is where most millionaires are coming from. It's focus, you said, and that means they've seen a future.

We use the phrase desired future around here all the time. They see a future that they want so bad. It's hunger. Hunger is what drives the focus. Oh, it really does. And when you make those kinds of decisions, now what you have to do is make your audio match your video, right? Like you're saying you want certain things.

Now I've got to make sure my actions are matching up. That's good good and then what you have to do is not be deterred right like life is going to happen you're going to bump into all kinds of people uh i was talking to my boys i've explained it to him listen you may bump into somebody that is acting like they have no class it doesn't mean you have to surrender yours right and stay aware be on guard be focused and don't be deterred yeah well folks it is a special day here we are excited to release for pre-order today chris hogan's new book every day millionaires how ordinary people built extraordinary wealth and how you can to chrishogan360.com or davramsey.com you it for $20 today. Now it's going to show up magically, as they say. January 7th, but you're going to get $50 in free bonus items.

That's the Everyday Millionaire's audiobook read by Chris Hogan, the Everyday Millionaire's e-book, and two video lessons, one from Chris Hogan and one from Dave Ramsey. Now when we come back, I'm going to tell you about another fun cash giveaway. Are you kidding me? Chris Hogan's giving away cash? I'll tell you more about that and more on the new book. Coming right up.

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It is your show, America. 888-825-5225. That's 888-825-5225. I'm Ken Coleman. I host the Ken Coleman Show on SiriusXM, leading into the Dave Ramsey Show, and I'm thrilled to be in studio today, this hour, with Chris Hogan. The whole team is celebrating as he and the team launch Everyday Millionaires, How Ordinary People Build Extraordinary Wealth, and How You Can Too. It is the follow-up to his best-selling book, Retire Inspired.

And this book, well, it comes out of a study of over 10,000 millionaires. And pre-sale launched today. ChrisHogan360.com or DaveRamsey.com. You can get it for only $20. And when you pre-order it today, you'll get $50 in free stuff. That includes the audio book that Chris reads of Everyday Millionaires, the e-book of Everyday Millionaires, a video lesson from Chris on

How to Retire Inspired, a video lesson from Dave Ramsey entitled It's Okay to Be Wealthy, and on top of all this, Chris, I'm going to let you take this away. You're giving away $5,500. $5,500 in cash to help folks fund their Roth IRA and take that first step. What is this all about?

Because there's two winners? There will be two winners. So what we're trying to do is to get jump-started. I want to help people to get on their millionaire journey as soon as possible. And oftentimes, that little bit of jump-start, that little push, that little lift can really help people move forward. And so it's a great opportunity, again, $5,500 in a Roth IRA for you to be able to get started. That money is going to start growing tax-free, so it gives you a great opportunity to have more money for the future.

So now they qualify by ordering the book. Is that right? They for the future. So now they qualify by ordering the book. Is that right? They get the details. I think you can order the book, or you can also apply online by going to ChrisHogan360.com or DaveRamsey.com to be able to enter. And I was telling people, Ken, if you're a part of our team, you're not eligible. So get off the computer.

Okay. That's awkward. I'm going to have to close this window out here and focus on the show. Because you said that's a little bit of a jumpstart. That's no little jumpstart. That's a nice push, my friend. Well, it's a big push. And I think helping people to understand when you have a Roth IRA or anything Roth related, you're dealing with after-tax dollars. That means you've already paid the tax on this money. So for it to be able to grow tax-free, it's a great opportunity, but we just have to get disciplined to understand the value of this. And also Ken, the two best friends of money,

time and compound interest. It'll grow your money. We put it there. We know it. Let's identify it's for our dreams. It's not a down payment on a home. It's not on a vacation. It's not even an emergency fund because we teach people to have three to six months of expenses tucked away. Now this is money that you're calling, I call it your dream fund. It helps you to grow it. So great opportunity for people to be able to get jump-started and to get this thing moving. Okay, so the book itself is full of amazing stories that came out of the study. You're connecting with all these millionaires and learning from them how they got there. And there's just a few stories I want to highlight.

We've talked about a few today. Here's another single mom. I'm going to read just a smidge of her story in the book. Sherry has $1.6 million in net worth. I raised three children as a single mom. I can remember not having enough money to buy groceries or to pay the electric bill. And despite those challenges, I had a tremendous work ethic and was determined to make a better life for my family. Hard work does pay off, and I am proof of that.

I do not believe in or support a victim mentality in any way, shape, or form. My goodness, personal responsibility is jumping off the page here. Sherry is a rock star, Chris. Sherry has walked through a very tough time in her life. You know, not a lot of people can identify with not being able to buy groceries or potentially having your lights cut off. I mean, Sherry had them cut off. And so when you go from that point

to now at this point of where she's been focused, she's made some sacrifices, she's doing things right time after time. When you go from that point of being almost desperate, right? And destitute to now get pulling yourself up, being focused and working a plan that works. No, I wouldn't expect her to be a person that's a proponent of the victim mentality, because if she would have thought that way, if she would have thought everybody's against me, I can't get ahead.

She would still be where she was. So the way she changed her thinking and then changed her actions helped her to change her result. Because again, tell everyone what was her net worth? 1.6 million. And that's not an accident no that what woman worked hard and here here again is the theme that comes alive in the subtitle in

the front of your book you can do it too if sherry can do it you can do it and that was one of the themes ken as i was going through this and again looking at the research you know because we all have this thing we can say well you know i, I've had this happen in my life. And then you read the story and you go, oh, my, they had that happen in their life or they overcame that. You ultimately end up looking in the mirror. That's right. Right.

I mean, that's you. You have to make some decisions about where you're going for yourself and your family. And so it's so encouraging because Sherry's story, Ralph's story, there are all kinds of, it's just so many of them. I'm glad you mentioned Ralph. Yes. I haven't said anything about Ralph. You know these stories like the back of your hand. Well, tell him about Ralph.

Tell him. This is great. Tell him. So I'm glad you mentioned Ralph. Ralph has $1.9 million in net worth. Now listen to his story. Started out 1969. His story started out in 1969, newly married, owning two old suitcases and a $350 Volkswagen Beetle. Now, I own two homes and four cars, and we are debt-free.

We pay cash for anything we wish, including cars. If we can't afford to pay for it in cash, we don't buy it. Chris, see, I have goosebumps reading that little story from his life because he started out with absolutely nothing. And that's what I want people to get. He started out with, I mean, what do you think he was, I mean, I'll bet he didn't have more than a couple hundred dollars worth of stuff in the suitcases. Then he had the $350 Beetle, which is probably juicing that value.

It probably wasn't even worth that much. I mean, he didn't have anything. And look where he's at now. Well, and again, it just goes back to the statement. It doesn't matter where you come from. It's about where you're going. And so it's that thing, Ken. Of all the stories, the thing that I love is that at some point they made a decision and they got started. People were chasing something that mattered to them.

And that's what I want other people to just start to read. And it's just eye-opening. You start to understand the reality of what it is and what you're doing. All right. Now, you know I love books, and I love the table of contents. Right. Now, can i tease a little bit in here yeah no no not at all not yet okay all right you gave me a look there's some good

stuff in here yeah good stuff so here's the deal don't do it here's the deal folks you can get it now it'll show up january the 7th we've talked a lot about the book um i want to make sure i hit it one more time if you're just joining us here on the Dave Ramsey Show, Chris Hogan and Ken Coleman sitting in this hour. Chris's new book is Everyday Millionaires, How Ordinary People Built Extraordinary Wealth and How You Can Do It Too. Now, here's the deal. 10,000 millionaires, they study these 10,000 millionaires. What did it take to get where you're at? What did you do?

It's in the book. It's going to show you how to do it. ChrisHogan360.com or DaveRamsey.com. You can pre-order it today for only $20. You're going to get over $50 in free bonus items, the book itself, and most of the free stuff will show up January the 7th. A lot of goodies. Again, all the details at ChrisHogan360.com or DaveRamsey.com. It really is going to change the way you think about the possibility of being a millionaire. Chris, next hour, tease it. You're coming up.

I'm going to take off. You're going to jump in the chair, and we're having a millionaire hour. What is that going to be about? We're going to have an everyday millionaire theme hour, Ken Coleman. Good point. I missed the book title there. It's the everyday millionaire hour. So we're going to have an opportunity.

We're going to talk to real everyday millionaires, and I'm going to walk through the questions. I want to know what their net worth is. I want to know their age. I want to know their GPA. I want to know their best income year and their worst because I want people to understand. Everybody comes from all different walks of life. We've got to make some decisions about what we're chasing down and, more importantly, why it matters to us.

Why do an hour like this? What are our listeners going to hear when they hear you interview these everyday millionaires? They're going to hear all types of people. People with GPA ranges that are from everywhere. Rarely do we get someone from an Ivy League school. We're listening and talking to everyday people that have built their wealth. There it is, folks. He is Chris Hogan, the new book, Everyday Millionaires, How Ordinary People Built Extraordinary Wealth

and How You Can Too. Go get it. You can pre-order it right now. ChrisHogan360.com or DaveRamsey.com. I want to thank our producer, James Childs, our associate producer, Kelly Daniel. I want to thank you, Chris Hogan, and you, America, for listening. It is your show, and it is The Dave Ramsey Show. Hey, guys, this is James Childs, producer of The Dave Ramsey Show.

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