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

( 4 )

Overview

“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 ...

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Overview

“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

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Editorial Reviews

From the Publisher
"...if you are looking for the first, and possibly only, book to read if you want to figure out how to finance the rest of your life, you can read Andrew Hallam’s “The Millionaire Teacher.”"Scott Burns

"'Millionaire Teacher' is a an inspiring must-read."Canadian Business

"It’s that kind of experience and wisdom that makes 'Millionaire Teacher' such an outstanding book. It’s easy to find excellent books about investing, but it’s rare to read an author who so clearly understands how people think and act in their financial lives."canadiancouchpotato.com

"The book itself focuses on nine rules of wealth that people should have learned in school... These rules nicely distill what has been said in many of the better personal finance books out there: particularly those that cover indexing and the futility of high-cost actively managed investment approaches."Financial Post

"I would recommend Hallam’s book as a great investment guide for the investor that wants to be more engaged with their portfolio."Jim Yih, retirehappyblog.ca

"Written simply, the book is suitable even for those who have little knowledge of finances."Personal Money

"If you want to make sure that your money is invested wisely, then this is the book for you." — turnonepoundintoamillion.com

"...quirky, upbeat and above all interesting...a book for anyone." blog.iii.co.uk

"This book is engaging and easy to read." retireby40.org

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Product Details

  • ISBN-13: 9780470830062
  • Publisher: Wiley
  • Publication date: 11/1/2011
  • Edition description: Original
  • Edition number: 1
  • Pages: 208
  • Sales rank: 186,517
  • Product dimensions: 5.90 (w) x 8.90 (h) x 0.60 (d)

Meet 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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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

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Customer Reviews

Average Rating 5
( 4 )
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Sort by: Showing all of 4 Customer Reviews
  • Posted April 29, 2012

    Should be required reading for every pre-service teacher

    Mr. Hallam has provided an outline that if followed will establish a habit that will allow any teacher the ability to fund it very comfortable retirement. In most places teachers have access to a variety of tax-deferred and taxable accounts that if funded at a reasonable level allow the accumulation of very significant amounts of money. Mixing taxable and tax-free allocations provide access to a money stream after the 30 to 35 year career. I wish I had read this book 35 years ago. Though I have a comfortable amount in retirement funds and pensions, and I gotten this kind of information when I was much younger I would be better off. I gave this book a five star rating not because it's a great work of art but because it provides a clear and definitive path to accumulating real money. Even in these tumultuous financial times, the system will work. Good reading and good learning.

    1 out of 1 people found this review helpful.

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  • Anonymous

    Posted July 2, 2013

    Great book with clear instructions and an engaging author

    In this book, Andrew Hallam really provides a clear outline of what you need to do in order to become financially successful. He explains every step and why each step is important while engaging the reader with jokes and interesting stories. I will read this book again, and would not hesitate to recommend this book to anybody!!

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  • Anonymous

    Posted June 5, 2012

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    Posted May 21, 2013

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