Chris Hogan Quotes

Fear may be an effective motivator, but it's a terrible master.

The average monthly student loan payment for someone in their twenties is $351.15 If that student avoided student loans, started his or her career without that payment, and invested that $351 into a mutual fund every month instead, they’d have almost $3 million by age 65.16

When it comes to your career, you want to strive to become the type of person Patrick Lencioni describes in his book The Ideal Team Player: someone who is hungry (a motivated go-getter), humble (knows who they are and what they bring to the table), and smart (expertly manages relationships). Isn’t that the kind of person you want to work with?

Compound interest is the eighth wonder of the world. He who understands it earns it. He who doesn’t pays it.

If you believe you could never become a millionaire, then you will always prove yourself right. You’ll never save enough or work hard enough to overcome that core conviction. However, if you open yourself up to the possibility—the probability—that a $1 million net worth is within your reach, then you’ll already be halfway to the goal.

is time that we started reclaiming the idea of retirement. Retirement is not the finish line; it is the new beginning. Retirement is not your last paragraph; it is the long, rich, rewarding final chapters of your own book—as many pages as you can dream up. Retirement is not the end of your life; it is the beginning of the best years of your life! But

I believe that perseverance, hard work, and commitment lead to success. I got married as a teenager and have since raised a family, gone to college, chased my career around the US, and become successful. Our children and family recognize that nothing was given to us and that the above traits will bring success. There is no such thing as good luck or bad luck—only good planning or poor planning.

Typical millionaires—people like Walter and Karen—aren’t trying to keep up with anyone else, and they don’t care about impressing people. They’re just living their lives, taking care of themselves and their families, and quietly serving other people. That’s why most of their neighbors would be shocked to learn how wealthy they are. They don’t fit the mold of what society tells us millionaires look like.

scarcity thinkers. They only see limitations, usually looking at others’ success with a little jealousy and contempt. They walk around with a “poor me” way of thinking, always listing the reasons for why they can’t get ahead. They feel victimized, as though other people are gobbling up all the opportunities that would otherwise make them rich. Scarcity thinkers can’t see the opportunities around them because they’ve never been taught that those opportunities are there for them too, not just for other people.

Growth and Income, Growth, Aggressive Growth, and International. There are plenty of other

79% of millionaires received no inheritance at all from their parents.

If you want to become a millionaire yourself, it’s time to let go of the wide-eyed, get-rich-quick view of investing that leads most people off a cliff.

The average millionaire hits the $1 million mark at 49 years old. This is after years—decades, in fact—of hard work. Only 5% of millionaires got there in ten years or less.

8 out of 10 millionaires come from families at or below the middle-class income level.

Millionaires report the top two contributing factors to becoming wealthy are discipline and consistency.

Build wealth on their own without any inheritance. 79% of millionaires received zero inheritance, meaning only 21% received any inheritance at all. Only 16% of millionaires inherited more than $100,000, and only 3% inherited $1 million or more. So, it’s safe to say that at least 84% of millionaires—if not more—built their wealth on their own!

you need to do what most millionaires do: understand risk, pick investments that balance the risk and reward you’re comfortable with, and never get distracted with “opportunities” from people who don’t know what they’re talking about. Let’s dig into all this and bust this myth for good.

I’ve heard excuses from so many people about why they can’t get ahead financially. They whine, “I don’t have enough time” or “I’m not smart enough” or “My job doesn’t pay enough.” Whenever I hear this garbage, I always tell people it’s not about how much time you have, how smart you are, or how much you make; it’s about what you do with what you have and how hard you’re willing to work.

An excuse is a lie dressed up as an explanation.

My wife and I are pretty simple. Very few people in our circle would believe we have over a million dollars, much less 8.7 million dollars. We bought a home for our daughter and her husband and gifted money to two nephews to help them buy homes. Our passion is helping others with education expenses. Being able to give is so much more rewarding than wishing you were able to give! —John, $8.7 million net worth

Set—and achieve—goals for yourself. An overwhelming majority (97%) of millionaires say they almost always achieve the goals they set for themselves.

To pursue its missing billions, BTA retained Trefor Williams’ private intelligence company Diligence, Portland, a PR consultancy founded by Tony Blair’s old media strategist Tim Allan, and a firm of the finest London lawyers, Hogan Lovells, where the flinty and brilliant partner Chris Hardman took up the case.

When you work for your wealth over years and decades, you’ll usually find yourself with the character to manage it wisely.

You will never outgrow the need to budget. The day you stop budgeting is the day you start moving backward in your retirement

Your family can be a big threat to your retirement. In fact, your own family can actually be as much a danger as debt!

The truth that you need to understand as parents is that your children have no right to your money. You really need to let this point sink in. Say it out loud: “I have no responsibility or obligation to give my adult children my money

Avoid competing with others over what you drive, where you live or what you wear

Be wary of people who use terms such as timing the market, day trading, hedging your bet, and investment opportunity!

In fact, 80% of millionaires have never even borrowed money from a friend" Chris Hogan

If I am a success, I can pat myself on the back. If I’m a failure, I have nobody else to blame but me.

The financial industry is full of salespeople, advisors, and gurus who are lining up to offer you advice. The problem is, most of that advice is about getting rich, not about building wealth.

Everyday millionaires—not the flashy rich people you may see on television—stay away from debt masquerading as “leverage".

I’m the reason I’m not winning yet, and I’m the reason I will win in the future.

People will work so hard to put themselves in a fantastic financial position. They will do whatever it takes to get ahead of the game. But then, just when it looks like they’re winning, it’s like their brains take a coffee break and their impulses take over. That’s when people fall into stupid temporarily—just long enough to finance a boat, or an unreasonable new home, or a convertible, or some fancy jewelry, or even a vacation around the world.