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

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by Andrew Hallam
     
 

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How a school teacher built a million-dollar portfolio, and how you can too

Most people wouldn’t expect a school teacher to amass a million-dollar investment account. But Andrew Hallam did it, long before the typical retirement age. And he wants to show you how. With lively humor and the simple clarity you’d expect from a gifted educator, he

Overview

How a school teacher built a million-dollar portfolio, and how you can too

Most people wouldn’t expect a school teacher to amass a million-dollar investment account. But Andrew Hallam did it, long before the typical retirement age. And he wants to show you how. With lively humor and the simple clarity you’d expect from a gifted educator, he demonstrates in The Millionaire Teacher 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 Warren Buffett’s, he guides readers to understand how the stock and bond markets really work, arming readers with a psychological advantage when markets fall. Readers will learn that young investors should hope for stock market crashes if they want to grow rich. The Millionaire Teacher shows how you can spend just 60 minutes a year on your investments, never open a financial paper, and avoid investment news, while leaving most professional investors in the dust.

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

Product Details

ISBN-13:
9780470830062
Publisher:
Wiley
Publication date:
11/01/2011
Edition description:
Original
Pages:
208
Sales rank:
173,873
Product dimensions:
5.90(w) x 8.90(h) x 0.60(d)

Related Subjects

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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Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School 4.8 out of 5 based on 0 ratings. 5 reviews.
BKWI More than 1 year ago
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.
Mprove0 More than 1 year ago
I could not put it down. I accidently stumbled upon Mr. Hallam’s book while listening to the Art of Charm podcast. He was equally engaging and knowledgeable during his interview, and it enticed me read Millionaire Teacher. I was not disappointed. Hallam breaks down what the young or inexperienced investor would likely consider to be complex financial concepts into information that is simple, easy to follow, and much more palatable than what is presented in similar books on the subject. As the title implies, this is the book I wish I had back in school (or even college for that matter). Perhaps more than anything, I enjoyed the fact that this book was not written by a silver spoon industrialist or someone who got lucky at the height of the dotcom boom. The author is an average person who achieved millionaire status for himself through early investment, hard work, and in spite of being employed in the notoriously low-paying profession of teaching. The portfolio suggestions outlined by the author are simple to understand, easy to implement, and backed by sources which he cites at the end of each chapter. I’ve looked into the author’s claims independently, and have yet to find anyone who has actually implemented the author’s suggestions complain about the results. There’s nothing gimmicky about this book either. Hallam is not heavy on personal opinion, nor does he try to steer the reader towards products he might have a vested interest in. In fact, he spends a good portion of each chapter highlighting the profit motives behind different aspects of the financial industry and trying to steer his readership away from them and from other time and money wasters such as financial newsletters, managed funds, and the promises of high-yield bonds. This is easily one of the best books on personal investment I’ve read. I have enjoyed it so much that I purchased his follow-up book: The Global Expatriate’s Guide to Investing. I look forward to reading it as well.
Anonymous More than 1 year ago
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!!
Anonymous More than 1 year ago
Anonymous More than 1 year ago