Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School

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Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School

by Andrew Hallam

Wiley | November 1, 2011 | Trade Paperback

Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School is rated 4.5 out of 5 by 2.
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.

Format: Trade Paperback

Dimensions: 208 pages, 9 × 6 × 0.6 in

Published: November 1, 2011

Publisher: Wiley

Language: English

The following ISBNs are associated with this title:

ISBN - 10: 0470830069

ISBN - 13: 9780470830062

Found in: Personal Finance

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Reviews

Rated 5 out of 5 by from Excellent Read Hallam covers the often complicated financial world in a clear and concise manner. Of the many investment books I've read over the years, this now ranks as one of my top picks for a beginning investor. It took me just a few days reading very casually. The central theme of the book is that the average person with zero investment/financial background can outperform professionals over long periods of time using two or three low-cost index funds to diversify and keep costs low. I agree with this sentiment. I was glad to see that the text also covered individual stockpicking including the use of reinvested dividends to build wealth over the long-term. Five stars, no doubt.
Date published: 2014-06-30
Rated 4 out of 5 by from Wise advice I'm a low-income investor who has been investing for many years and read a number of investment books. This is one of the best--great advice for saving and for investing , backed with plenty of evidence. The author exposes many of the traps that get in the way of saving and investing well, including the disadvantages of stock-picking, short-term trading, mutual funds and the hidden fees charged by most banks and advisors. This is one of the better guides to diversified, balanced index-based or couch-potato investing, which is usually the wisest form of long-term investing, and is fairly simple to learn. A wise gift book for your 20-something kids and also a good guide to someone of any age trying to save and invest effectively. My only caveats are that the book does not emphasize strongly enough that our current investment climate may not live up to historical norms, and that Canadians need to be sure their portfolio is balanced with less resource -&- bank- dependent indexes.
Date published: 2012-08-06

– More About This Product –

Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School

by Andrew Hallam

Format: Trade Paperback

Dimensions: 208 pages, 9 × 6 × 0.6 in

Published: November 1, 2011

Publisher: Wiley

Language: English

The following ISBNs are associated with this title:

ISBN - 10: 0470830069

ISBN - 13: 9780470830062

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 Int
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From the Publisher

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.

From the Jacket

“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

About the Author

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.      

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