Chris Hogan Dave Ramsey Net worth, His Success Story, and Lessons

Chris Hogan Dave Ramsey is a former American radio show host, author, and personal finance expert. Chris has so much to talk about building wealth, which is why we decided to put up this post on Chris Hogan Dave Ramsey Net worth. We are so sure you will learn a lot by reading this post, as Chris has been a big inspiration to so many others.

Chris Hogan Dave Ramsey Net worth

Who is Chris Hogan Dave Ramsey?

Chris Hogan is a two-time #1 national best-selling author, dynamic speaker, and financial expert. For more than a decade, Hogan has served at Ramsey Solutions, spreading a message of hope to audiences across the country as a financial coach and Ramsey Personality.

Hogan challenges and equips people to take control of their money and reach their financial goals, using The Chris Hogan Show, his national TV appearances, and live events across the nation.

His second book, Everyday Millionaires: How Ordinary People Built Extraordinary Wealth—And How You Can Too were released in January 2019 and is based on the largest study of net-worth millionaires ever conducted.


Hogan earned his undergraduate degree from Georgetown College and his Master’s Degree from the California University of Pennsylvania. During college, he was an all-American football player.[4]


Hogan started his career as a debt collector where he frequently encountered people that were struggling financially.

He later joined Dave Ramsey’s company Ramsey Solutions as a financial coach. Hogan was the host of The Chris Hogan Show, he is a public speaker and best-selling author.

Books Authored:

Retire Inspired: It’s Not an Age; It’s a Financial Number

Everyday Millionaires: How Ordinary People Built Extraordinary Wealth – And How You Can Too

Success Tips from Chris Morgan

By the time you are done reading these tips and myths about getting rich, your mindset will definitely change about how to be wealthy.

Personally, I was marveled, and impressed by these tips, as I believe them to be true about getting rich. It is just my personal view although, as you may reason differently!

  1. You Need to Have a High-Paying Job:

One of the most common professions of the millionaires Hogan interviewed was school teacher.

Chris Hogan Dave Ramsey Net worth

While this might seem surprising, given the relatively low earnings of teachers nationwide compared to similarly educated professions, they are able to invest in 403(b) accounts, which are similar to 401(k)s, to save for retirement.

Teachers, just like anyone else with access to an employer-sponsored retirement plan, who invest consistently over time benefit from compounding interest.

“Getting out of debt, retaining more of your income, and investing consistently,” will put you on the path to becoming a millionaire,” Hogan says.

  1. You Have to Make Risky Investments:

You can ignore cryptocurrencies and exciting “new fads,” Hogan says. The secret to becoming a millionaire is actually quite boring: consistently invest in low-cost index funds in retirement accounts for many years.

That last part is key. While many people are looking to get rich quickly, building real wealth takes time — decades, in fact. Hogan found that the average millionaire reached the $1 million mark for the first time at 49.

  1. You Need a Fancy Degree:

Having a college degree is important, there’s no denying that: 88% of the millionaires Hogan interviewed graduated with at least a bachelor’s degree.

But an Ivy League education isn’t as important. Over 60% of the millionaires interviewed by Hogan graduated from a public college or university, and 8% attended community college.

“Remove the barrier,” he says. It’s not about where you go to finish your degree, it’s the fact that you got started, you had goals and you finished.”

  1. You Have to Inherit Wealth:

Hogan says that building wealth has more to do with your actions than your DNA. Of the 10,000 millionaires he interviewed, 21% received some form of inheritance, while around 80% came from families at or below the middle-class income level.

“I found out that 79% of the millionaires we talked to didn’t inherit one dime,” he says.

Of course, having family wealth helps, especially as the middle class continues to lose ground financially to the upper class in the U.S.

In fact, the Federal Reserve estimates that 26% of total wealth in the U.S. can be accounted for by inter-generational transfers.

But having the knowledge and ability to use the financial tools at your disposal, like tax-advantaged retirement accounts, can allow anyone to build wealth, assuming you have the funds to save.

The number-one tool these people used to build wealth, by far, is employer-sponsored retirement accounts, like a 401(k) or 403(b).

If you don’t have access to one of those, you can use a traditional IRA or Roth IRA, which also offers tax advantages.

In 2019, workers can put away $6,000 per year into an IRA if they are under 50, plus an extra $1,000 if they are 50 or older.

Chris Hogan Success Story to Inspire You

In his mid-20s, he was homeless. Now, in his late 60s, his net worth hovers around $3 million.

Chris Hogan Dave Ramsey is just an ordinary guy just like you and me. His story doesn’t read like a fairy tale. He isn’t the son of an oil tycoon or a real estate mogul.

Chris Hogan Dave Ramsey Net worth

He didn’t inherit his fortune. He worked for it. Diligently. He built his wealth from the ground up.

“My wife and I started out in the street—literally—in the street, in a vehicle, in a storage area where our belongings were.” That was 33 years ago.

Together, they determined to do whatever necessary to change their situation, so they took every job they could. Eventually, they bought their first plot of land.

“We got a piece of property for $750. Moved a dump trailer on it. We lived there with no electricity and no water. Unbelievable story, I know, but it’s true. We built up from there,” he recalls.

Determined to pay for college with cash, the couple took a range of jobs, from rototilling and gardening to working in a grocery store.

They scraped and saved. Every penny went to their college education. Eventually, they both earned their RN degrees.

“And then we were living the high life after that,” Chris recalls.

Little by little, they built their wealth. Both averaged $25,000 in salary as nurses, but they lived on what they made and didn’t borrow any money—ever.

“We never forget where we came from. We still live very, very frugally. We have no debt, never had any debt, never will have any debt!”

Their motivation was simple: they knew they were responsible for their retirement years.

“We don’t look at it as dollars, to be honest. We look at it as security. We don’t have any children. We both plan on living a really long time.

There’s not going to be anybody to take care of us, and I don’t put any worth in Uncle Sam taking care of us.”

Today, the couple’s wealth comes from mutual funds and real estate. Despite their financial status, they still live frugally. “We think we live a really great lifestyle even though my vehicle is 20 years old!”

Their story is a reminder that millionaires are made, not always born!!!

Chris Hogan Dave Ramsey Net worth

Their commitment illustrates that an average person can become financially secure without going into debt, and that funding a dream retirement is entirely possible—if you’re willing to work hard and make the necessary sacrifices.

“We—my wife and I—are proof that you can make it in America today,” Jeff said. “You just gotta have a little determination and put off immediate satisfaction for future security.”

You can also become a millionaire! Learn how with Retire Inspired.

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