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

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

Paperback | November 1, 2011

byAndrew Hallam

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

Paperback | November 1, 2011
In stock online Available in stores
$13.67 online $22.95 (save 40%)

From the Publisher

The incredible story of how a schoolteacher built a million-dollar portfolio, and how you can tooMost 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 footste...

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 boo...

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 an...

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Kobo ebook|Apr 19 2011

$8.79 online$11.36list price(save 22%)
Format:PaperbackDimensions:208 pages, 9 × 6 × 0.6 inPublished:November 1, 2011Publisher:WileyLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0470830069

ISBN - 13:9780470830062

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Reviews

Rated 5 out of 5 by from Becoming a Millionaire is Inevitable with this! Really good. Completely relevant to Modern Canada, including what banks offer what fund. Teaches the whole index fund concept very well!
Date published: 2016-05-08
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 Nice and interesting I got a lot of information out of that book, but I wish some parts had been as easy to understand as Dave Ramsey's book.
Date published: 2013-12-25
Rated 3 out of 5 by from good advice cover the basic principles
Date published: 2013-11-25
Rated 4 out of 5 by from Millionaire Teacher Great book for first time investors wanting more info from a reliable source
Date published: 2013-03-08
Rated 5 out of 5 by from Needed in schools Unbelievable what I could have done had I had this information available when I was in high-school.
Date published: 2013-02-03
Rated 5 out of 5 by from Excellent I enjoyed this book very much. Easy to read and well written with great examples and sources. Looking forward to setting up an appointment with my IA to talk about my new investment strategy of a balanced portfolio of index funds.
Date published: 2013-01-07
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

Extra Content

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