The Millionaire TeacherPaperback
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- Publisher: John Wiley & Sons Ltd
- Format: Paperback | 208 pages
- Dimensions: 150mm x 226mm x 18mm | 363g
- Publication date: 11 November 2011
- Publication City/Country: Chichester
- ISBN 10: 0470830069
- ISBN 13: 9780470830062
- Sales rank: 18,898
The incredible story of how a schoolteacher built a million-dollar portfolio, and how you can too Most people wouldn't expect a schoolteacher to amass a million-dollar investment account. But Andrew Hallam did so, long before the typical retirement age. And now, with Millionaire Teacher, he wants to show you how to follow in his footsteps. With lively humor and the simple clarity you'd expect from a gifted educator, Hallam demonstrates how average people can build wealth in the stock market by shunning the investment products peddled by most financial advisors and avoiding the get-rich-quicker products concocted by an ever widening, self-serving industry. Using low cost index funds, coupled with a philosophy in line with the one that made Warren Buffett a multi-billionaire, Hallam guides readers to understand how the stock and bond markets really work, arming you with a psychological advantage for when markets fall. * Shows why young investors should hope for stock market crashes if they want to get rich * Explains how you can spend just 60 minutes a year on your investments, never open a financial paper, avoid investment news, and still leave most professional investors in the dust * Promotes a unique new investment methodology that combines low cost index funds and a Warren Buffett-esque investment philosophy Millionaire Teacher explains how any middle-income individual can learn can learn the ABCs of personal finance and become a multi-millionaire, from a schoolteacher who has been there and done that.
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Andrew Hallam is a high school teacher at an American international school who built a million dollar investment portfolio on a teacher s salary. He has been writing personal finance articles since 2002, and he has been nominated a finalist for two National publishing awards. His work has appeared in MoneySense magazine, L Actualite and Reader s Digest. He has also been profiled in The Globe and Mail, for his nine rules of wealth, and in The Wall Street Journal- with a quirky plea to sleep in Warren Buffet s garage. Motivated to protect his friends and colleagues from the conflicts of interest running rampant in the financial service industry, Andrew started delivering investment seminars in 2006, showing how people can easily beat the investment returns provided by the vast number of financial advisors. Currently, Andrew lives in Singapore with his wife, Pele. Together, they traveling, adventuring outdoors and savoring life.
By Dylan Thomas 10 Jun 2013
This book is essential reading for any expatriates who have left the security of their home country pension system. It is equally applicable to anyone essential for anyone who is planning for retirement in their home country. It is explained clearly with many real examples. Highly recommended.
'If you want to make sure that your money is invested wisely, then this is the book for you. (turnonepoundintoamillion.com, January 2012) '...quirky, upbeat and above all interesting...a book for anyone. (blog.iii.co.uk, March 2012) This book is engaging and easy to read. (retireby40.org, 16th April 2012)
Back cover copy
"Andrew Hallam has distilled the timeless lessons for investing into nine easy to understand and easy to follow rules. The newbie investor will not find a better guide than "Millionaire Teacher."" - Burton G. Malkiel, "Author, A Random Walk Down Wall Street 10th Edition" "This is a great book. If there was a course called Life 101, this book would be its primary reading. It's as easy to read as Tobias, Bernstein, or Solin, but it starts from Ground zero and walks you quickly to the true keys to personal finance and investing. It's what you need to know, told with humor, in a way you can understand." - Scott Burns, "Chief Investment Strategist, AssetBuilder, Inc." " Personal Finance Columnist, Universal Press Syndicate" "Put away your checkbook. Instead give this book to every young person and you will be gifting them a lifetime of financial independence and success." - Robert P. Miles, "Author, Warren Buffett Wealth" "If you buy just one book this year, this is it. Studies warn that too many investors are financially illiterate today. "Millionaire Teacher" will educate and inspire a whole new generation of savvy investors who think themselves, regularly beat The Street and will retire successfully." - Paul B Farrell, "JD, PhD, Author, The Millionaire Code, The Winning Portfolio and The Lazy Person's Guide to Investing" "Do you spend too much and save too little? Do you wonder why your investments always seem to roll behind the eight ball? In clear, compelling, and highly entertaining prose Andrew Hallam will explain to you exactly why, and what to do about it. And if you're a non-US resident, there's an added bonus: strategies for long-suffering Canadian, Australian, and Singaporean investors that can easily be applied to other nationalities as well." - William Bernstein, "Author, The Investor's Manifesto and The Four Pillars of Investing"
As a high school teacher Andrew Hallam is aware of what kind of personal finance education you probably received in school. While you were memorizing the names of dead presidents, battling with trigonometry and laboring over a periodic table of elements, you were probably getting short-changed on the basics of money. So he wants to make it up to you: with "Millionaire Teacher-Nine Rules of Wealth You Should Have Learned in School." This isn't a get-rich quick scheme. It is, however, the same time-tested, evidence-based plan that allowed Mr. Hallam to become a millionaire on a teacher's salary. Journey with him to explore what most wealthy people already know: if you spend your money responsibly, you can eventually grow rich. Let him guide you to evidence-based investment strategies of index funds, and laugh when you learn how to whip the pants off most finance professionals, while spending just an hour and a half each year on your investments. Best of all, learn to defend yourself against the self-serving army of financial planners that aim to pad their own bank accounts, at your expense. The nine rules of wealth weren't part of your school curriculum. But it's not too late to learn them. Take this final class with an entertaining teacher who has already walked to walk. You deserve it.
Table of contents
Acknowledgments xiii Foreword xv Introduction xix RULE 1 Spend Like You Want to Grow Rich 1 The Hippocratic Rule of Wealth 2 Can You See the Road When You re Driving? 6 One of the Savviest Guys I Ever Met And His View on Buying Cars 8 Careful Home Purchases 11 Millionaire Handouts 13 How Did I Become a Millionaire? 14 Looking to the Future 17 RULE 2 Use the Greatest Investment Ally You Have 19 Compound Interest The World s Most Powerful Financial Concept 21 The Bohemian Millionaire The Best of Historical-Based Fiction 23 Gifting Money to Yourself 26 When You Defi nitely Shouldn t Invest 28 How and Why Stocks Rise in Value 28 RULE 3 Small Percentages Pack Big Punches 33 With Training, the Average Fifth Grader Can Take on Wall Street 34 Financial Experts Backing the Irrefutable 35 What Causes Experts to Shake Their Heads 38 When the Best Funds Turn Malignant 41 Reality Check 46 Who s Arguing against Indexes? 55 RULE 4 Conquer the Enemy in the Mirror 61 When a 10 Percent Gain Isn t a 10 Percent Gain 61 It s Not Timing the Market that Matters; It s Time in the Market 64 On Stocks ... What You Really Should Have Learned in School 67 Internet Madness and the Damage It Caused 72 Taking Advantage of Fear and Greed 75 Opportunities after Chaos 78 RULE 5 Build Mountains of Money with a Responsible Portfolio 85 What Are Bonds? 86 Profi ting from Panic Stock Market Crash 2008 2009 90 Having a Foreign Affair 92 Introducing the Couch Potato Portfolio 94 Combinations of Stocks and Bonds Can Have Powerful Returns 97 RULE 6 Sample a Round-the-World Ticket to Indexing 101 Indexing in the United States An American Father of Triplets 101 Indexing In Canada A Landscaper Wins by Pruning Costs 108 Indexing in Singapore A Couple Builds a Tiger s Portfolio in the Lion City 114 Indexing in Australia Winning with an American Weapon 119 The Next Step 121 RULE 7 Peek Inside A Pilferer s Playbook 125 How Will Most Financial Advisers Fight You? 125 The Totem Pole View 132 Is Government Action Required? 134 RULE 8 Avoid Seduction 139 Confession Time 139 Investment Newsletters and Their Track Records 143 High-Yielding Bonds Called Junk 147 Fast-Growing Markets Can Make Bad Investments 147 Gold Isn t an Investment 149 What You Need to Know about Investment Magazines 150 Hedge Funds The Rich Stealing from the Rich 153 RULE 9 The 10% Stock-Picking Solution ... If You Really Can t Help Yourself 157 Using Warren Buffett 158 Commit to the Stocks You Buy 159 Stocks with Staying Power 164 Selling Stocks 174 The Nine Rules of Wealth Checklist 179 Index 181