Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School
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 extooMost ...more
Since 2012 this review has floated to the top of the stack. I'm glad people have found it useful!
I wanted to edit in this update to answer an unasked question: "Is this book still relevant and useful?" The answer is a resounding yes !
What I learned in Millionaire Teacher is every bit as relevant for me today as it was 7 years ago. Banks and are still trying to take advantage of our ignorance and sneak in fees. The strategies in this book have formed the foundation o ...more
If you're a newbie to investing: this is the book for you! Seriously just check it out. You have nothing to lose and A LOT of money to gain.
Basically it boils down to: index funds are the best! But it has a lot of other helpful content as well- it has some very solid advice on cars.
If anyone I knew was interested in ...more
A short quiz: If you plan to eat hamburgers throughout your life and are not a cattle producer, should you wish for higher or lower prices for beef? Likewise, if you are going to buy a car from time to time but are not an auto manufacturer, should you prefer higher or lower car prices? These questions, of course, answer themselves.A ...more
But now for the final exam: If you expect to be a net s/>
You should read this book. Not only does it discuss frugality but it gives you basically "The Idiot's Guide to Investing" that makes sense, is backed up by research, and also makes you feel like a moron for the ways you "save" money.
I rank this right up there with Ramit Sethi's book "I Will Teach You to Be ...more
This book is great for high-school students and young adults. I learned that giving kids financial gifts is a bad idea, so I'm going to focus on giving my time and ...more
Book a Week Experiment. 4.5/5
Author is an international school teacher too.
This was a very easy read and, based on some of the discussions I've had with some of my peers this summer, something most people should read (or something like it). It seems there are a lot of folks ...more
For someone who has no clue about investing, Hallam lays out the scene in the simplest of terms (your future), clearly pinpoints the protagonist (all those lovely indexes) and the antagonists (actively managed funds), the co-conspirators (your average - or not so ...more
2) I feel a little more comfortable with the things that I have been listening to/reading lately.
3) I need to read some more on this
Overall, I thought it was an easy to understand book and it put it in language that the podcasts I've been listening to couldn't. I especially enjoyed the section where they broke it down between 4 countries, one of them being my own.
I feel a bit more knowledgable but again, I definitely have to ...more
Despite the title, the author does not come across as an arrogant, self-bloating individual. It is quite the opposite. The book's tone is friendly and casual. Just like... a teacher.
"The millionaire teacher" is knowledgeable about his subject matter. He can explain the core concepts clearly and convincingly. He gives enough data to support his arguments, but not too much that it ...more
This 180 page book gave me a ton of information I would have probably only learned through trial and error. I've been investing in the stock market for the last 7-8 years but I'm not an active investor / day trader but more of a passive investor.
This book touches everything from how to spend like a TRUE MILLIONAIRE to what ma ...more
- when inflation/interest rates rise, bond prices fall.
- if you're going to get bonds, make them short term. You can also get a short term govt bond index fund
- put your age percentage in bonds and the rest in stocks. If markets drastically rise or fal ...more
This is not a quick rich or self improvement book. This is even better, it speaks to the 99%. Whether you are a blue or white collar worker, self employed, employed or even well off, if ti ...more
Andrew Hallam is a great teacher, and in this book he breaks down his rules to properly maintaining personal finances. While some of his rules are just common sense (to me at least) others really pave the way for young investors to actually be in control of the way they think about money, and where to stick your dollars for the best rate of return internationally. Thankfully, h ...more
1. Spend on assets that appreciate, not depreciate like cars.
2. Start early to maximize compounding.
3. Low cost index funds will beat actively managed funds.
4. Control your emotions and understand the factors influencing stock prices a ...more
Instead, I want to help people spend time with the people and passions they love. Sound corny? Bear with me for a moment.
Financial independence buys time. That's where my books and talks come in. I want to show people how to invest. The financial industry say ...more