Book Recommendation: Everyday Millionaires

AUTHOR:  Phil Ryan
DATE:  05/28/2020

Finances are one of the biggest stressors in a person’s life.

Money, Money, Money

We all need money to live and not having enough of it leads to problems. Money causes problems. Most of the time it is having too little, sometimes its having too much. I hope having too much is a problem I experience some day, I would like to see what it is like. If you can decrease your money problems, you will decrease your stress and improve your overall wellness. 

Wouldn’t it be great if you did not have to worry about money? I just finished Everyday Millionaires by Chris Hogan. An easy to read book, you will want to purchase a copy for friends and family. In his book, he tells you how you can get out of debt and build a nest egg worth millions. Chris Hogan went from being homeless in his 20’s to a financial expert worth millions. For less than the price of a pizza, you can learn what it takes to become a millionaire. Alternatively, you can do what I did, go to the library, and read it free.

Book Cover of Everyday Millionaires by Chris Hogan.

Photo obtained from

Why This Book?

This book does a great job helping you to understand the miracle of compound interest or as Albert Einstein calls it “The 8th Wonder of the World”. Einstein said, “He who understands compound interest, earns it… he who doesn’t, pays it." The book, demonstrates how compound interest works by giving an option.

  1. Option one; you are given a million dollars.
  2. Option two; starting with 1 penny your money would double every day for 30 days.
    1. For example day two is 2 cents, day three 4 cents, day four 8 cents, etc.

Spoiler alert, choose number Two. After 20 days, the penny doubling is only worth approximately $5,000, but on final days of the month, you will understand the value of compound interest.

This book debunks many myths that people have about money. Myth number one, millionaires make a lot of money or inherited their money. That is a small percentage of today’s millionaires. Most millionaires have regular jobs, such as accountants and TEACHERS. This book will teach you if want financial independence, you must have consistency to your investing. This is how most millionaires make their fortune.


Although I am recommending it to all ages, I wish it were available while I was in college. Having a big salary and a large sum of money to invest is important, but your best asset is time. As the saying goes, "the best time to invest was thirty years ago, the second best time is now." My favorite sentence in the book is when he compares investing to a ride on a roller coaster. In the pandemic we are currently, experiencing it is more appropriate than ever. 

Twenty-five years ago, I received great advice about investing from my brother in law who was a SUNY college professor. He could have written this book. Every time I look at my balance, I send him a big THANK YOU and a 12 pack. My advice to you is simple, read the book, follow the directions.

Connect with Me

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Phil Ryan

Clark Hall Building Manager


113 Clark Hall

Phone: 716-829-2926