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Millionaire Expat: How To Build Wealth Living Overseas

4.32  ·  Rating details ·  450 ratings  ·  31 reviews
Build your strongest-ever portfolio from anywhere in the world

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'

Kindle Edition, 416 pages
Published December 15th 2017 by Wiley
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Vỹ Hồng
Aug 06, 2018 rated it really liked it  ·  review of another edition
Shelves: investment
This is an personal finance book with an expatriates twist. The writings is casual but a little repetitive, meaning you can skim through a lot of material without missing out too much.

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
Cédric Le Lay
Feb 22, 2019 rated it really liked it
Everything that you are going to learn in this book is going to be so useful for you to develop a career overseas.
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.
Feb 21, 2019 rated it really liked it  ·  review of another edition
Highly recommended for anyone planning to live (even short-term) overseas.

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
Alexey Efimik
Jan 06, 2021 rated it it was amazing  ·  review of another edition
This review has been hidden because it contains spoilers. To view it, click here.
Feb 09, 2018 rated it really liked it  ·  review of another edition
Very useful, with an investment strategy in the tradition of Bogleheads. I do think you have to be careful, though, and investigate before you take everything as correct. The book kind of assumes you're employed overseas, as in with an actual employer, and the laws are often different for people who are self-employed. It would be useful to see an updated edition with this information as well as information relating to digital nomads, but there are so many variations, it seems like it might be im ...more
Alex Zander
Aug 19, 2018 rated it liked it
Good advice with repetitive filler

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
Tyrel Clayton
Apr 23, 2020 rated it really liked it
Pretty solid intro to investing. There are a few details that are specific to expats, but for the most part, pretty much an "Intro to Investing" book. There are some solid points about avoiding fees and things to watch out for specifically for expats, such as "don't do an offshore pension account" because they are straight up predatory in terms of fees.

There is also a really great section detailing different portfolios for folks of different nationalities. For instance, an American living abroad
Apr 10, 2021 rated it really liked it
This is a personal finance book with an expatriates twist. The writing tends to be somewhat repetitive, meaning you can skim through a lot of material without missing out too much, but the book contains a lot of good advice. The book is also pretty well structured, so you can skip over sections that don't apply to you.

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
André Henriques
If you are an expat, and like the author suggests, you might not have a safe pension waiting for you in you decide to retire in your home country, this is definitely a book you should consult.

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
Mikel Miller
Jul 07, 2018 rated it it was amazing
Money isn't everything, but it's very important when you don't have enough to retire without worries. This book by an independent financial columnist examines the pitfalls of investing with financial firms whose money managers pocket BIG commissions at the expense of their clients. He shows readers better choices, and his no-nonsense advice is especially useful for middle-income wage earners trying to decide how to build a retirement investment portfolio. It contains his personal perspective of ...more
Sep 07, 2019 rated it it was amazing
An awesome must-read book for expats. Most other personal finance and investment books focus on US residents.

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
Marah Merai
Nov 07, 2019 rated it it was amazing
This book is the ultimate DIY guide for personal finance and investing. Hallam pretty much addresses all the concerns I had and answers ones I didn't even know I should be asking.

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
Nov 20, 2020 rated it liked it
The book includes a lot of tips for the ex-pats. from avoiding offshore insurance scams to how to invest in a long-term strategy. it's good to book for a beginner to put hands on some basic insights which you might not be aware of.

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
Madhur Bhargava
Jul 11, 2019 rated it it was amazing
Gem of a book - Presents low cost investment and retirement portfolio startegies for international expats. Personally, the most informative section was the one that laid out region specific(Americas, Europe, Australia, Asia etc) investment strategies. Also, It has specific use cases that point out individual pitfalls which investors should be careful regarding the "so-called" high income overseas pension schemes. Highly recommended reading for all expats. ...more
John RS
Mar 10, 2021 rated it really liked it
This book has changed my understanding of my financial position and what I need to do in order to be financially solvent in the future doing the life I love. It's occasionally overwhelming, but always necessary and this second edition is fluff-free. All people who live away from home for extended periods needs to learn the lessons of this book, it's that simple. ...more
Robert Porter
Dec 06, 2019 rated it it was amazing
Best investment book

A practical, simple approach to saving a fortune. Having worked as a trader for most of my life, Andrew Hallam has done all readers a great service - thank you.
Gary Johnston
Apr 21, 2019 rated it it was amazing
This is the second book I've read by Andrew Hallam and it's been my bible for saving money while overseas and also a 'must read' for any international school teacher that wants to build wealth. Advice for different nationalities, and different platforms for investing. ...more
Nicholas Keng
Oct 19, 2020 rated it really liked it
If you have read finance books before, the first half is basically a repeat. The second half provides useful terms to build your portfolio and estimate your future needs. It also sheds light on offshore brokers.
Saumil Jaywant
Jan 30, 2020 rated it it was amazing  ·  review of another edition
Insightful book about investing for an expat.
Mar 09, 2021 rated it it was amazing
Made me completely re evaluate how I manage my money. An absolute life saver! Everyone needs to read this!!
Steven Bosch
May 25, 2020 rated it liked it
Lots of repetition from the first book. Also less detail on how to construct portfolios for different nationalities. Wouldn’t recommend if you’ve read the previous book
Michelle Roberts
Jan 16, 2020 rated it really liked it
This book is very helpful for expats who need simple advice about finances.
Vanetta Ranger
Mar 07, 2020 rated it liked it
Might be a good start for new starters

Great advice you can now get anywhere online via a Google search. A bit repetitive and less focused for non first world expat.
Jan 12, 2019 rated it liked it
Should have been half the length. Or less. Read his website instead.
Feb 11, 2021 rated it it was amazing
Shelves: 2021, non-fiction, finance
As someone who’s left my home country to work abroad, the lack of social safety nets and retirement options easily available made me panic and avoid the topic. That changed after reading this book. Concepts that seemed incredibly difficult to understand have been clarified and for the first time in my life I feel that I have a solid plan for my financial future. Highly recommended.
Erin Loges
Jan 09, 2018 rated it it was amazing  ·  review of another edition
An updated version of his previous Global Expatriate's Guide to Investing, this book was very helpful and contained a lot of new information. Many of the questions I've had over the last year (since I read the first edition of his book) were answered in this version. I found it especially useful as an American married to a Canadian, as there were specific tips for both of us based on our situations. ...more
Syah Sulaiman
Sep 25, 2018 rated it it was amazing  ·  review of another edition
A must-read for any expat, or even fresh graduates. The complex unit trust/investment marketing schemes explained in simple English.
Anders Hansen
Dec 09, 2018 rated it it was amazing  ·  review of another edition
This book is excellent, even if you have read Millionaire Teacher, there is a lot of new valuable and useful advice, backed up with great links and case studies.
nicolas reynders
Nov 11, 2018 rated it really liked it

J ai beaucoup aime ce livre.
Le sentiment d avoir appris un sujet important et interressant.
Je le conseille a tous.
Patrick Green
Aug 16, 2017 rated it it was amazing  ·  review of another edition
The majority of investors don't have returns as high as the market average. This book will show you how to do better than the average investor by matching the market. My highest recommendation. ...more
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I have a romantic idea. It isn't the red roses, candlelight dinner kind of thing (although that's a nice notion too).

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

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