Listen Now: Making A Millionaire: 4 Must-Know People On Your Path To Success
Being a millionaire requires teamwork, so who should you recruit?
Chris Hogan is author of “Everyday Millionaires: How Ordinary People Built Extraordinary Wealth and How You Can Too.” When working on the book he studied ten thousand people with a net worth of at least one million dollars.
During his research he found each person achieved their status thanks to four key relationships. First the coach. This is the person who stands on the sidelines and challenges you to keep fighting.
Then you need a mentor, someone who has already been on your journey and someone you can trust. This is the person you should take for coffee and ask them everything from what makes them tick to what they learned from their biggest failures.
You’re going to need a cheerleader, someone who believes in you no matter what. This should also be someone who is already a millionaire because they know what you’re facing and will remind you that can make it.
Finally you need a friend, because not every relationship is about making money, someone has to keep you grounded.
CBS News Radio national business journalist Brian Banmiller has spent more than 40 years in the news industry, covering business, politics and the economy on television, radio and in print. Currently, his “Banmiller on Business” reports are delivered to an audience of millions nationwide.
Popular Reports, Articles & Videos
Latest CBS Radio Reports