Millionaire Expat: How To Build Wealth Living Overseas
Millionaire Expat is a handbook for smart investing, saving for retirement, and building wealth while overseas. As a follow-up to The Global Expatriate's Guide to Investing, this book provides savvy investment advice for everyone—no matter where you're from—to help you achieve your financial goals. Whether you'...more
There are 20 chapters, from which I would roughly divide into 3 parts.
Part one is a repeat of many other personal finance books:
- Don't trust your broker or commissioned financial advisors.
- Don't try to speculate the market.
- Use low-cost index funds.
- Consider a Couch Potato portfolio.
Note that the book does not ...more
However, quite a few times, it felt like Hallam was taking too much time to explain simple concepts. On the other hand, if you need lots of examples to understand, consider this book as a jewel.
Chapter 1: Grow Big Profits without Any Effort
* Take one of the world's hottest real estate markets: Vancouver, British Columbia. Referencing figures from the Real Estate Board of Greater Vancouver, CBC News reported that the average detached Vancouver home sold for $368,800 in 1994. By 2016, it was worth $1,470,265.4 That's a massive gain of 299 percent over 22 years. In contrast, if someone had invested $368,800 in a Can ...more
The first half of this book was pretty much the same story told from different perspectives: how bad investing screwed over people’s financial futures. It’s an important point to drive home, and a little repetition would have been fine, but I feel it could have been cut down tremendously. It was almost as if the author promised every person he interviewed that their story would appear in the book.
That being said, there is some good information in here, and every ...more
There is also a really great section detailing different portfolios for folks of different nationalities. For instance, an American living abroad ...more
All in all, this is an easy and informative read. The generic, "non-expat related" investment advice in this book can be easily found online and in many other personal finance book ...more
Why the 3 star rating then? Although I can understand that the author was trying to make a difficult topic - at least for the majority of us - interesting and funny as it is finance/investment, I didn't really quite appreciate his writing. In some parts, I believe he exaggerated in the humour - or at least ...more
The few first chapters start with critism for active managed funds and offshore pension funds, I was already convinced of their scammy nature so it is a bit bothersome to skim through. The author use a lot of citations from other books and researches to make his points. He gives a lot of pointers and tips for do-it-yourself investment and retirement planning. I can feel a lot clearer visi ...more
While 380 pages may seem lengthy, if you've already read Hallam's other book, Millionaire Teacher, you can skip through a lot of the same examples and explanations. Millionaire Expat contains separate chapters aimed specifically for different types of expats, so you can jump to what's relevant to you.
And in true Hallam ...more
I didn't like the repeatable explanation, but maybe that would be helpful for other people. in general, I would recommend other books such (Financial Freedom, Rich dad poor dad, The intelligent investor) which gives a more deep illustration of how to build up your wea ...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 says, "Hey, let us help!" B ...more