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More About This Title MILLIONAIRE TEACHER: THE NINE RULES OF WEALTH YOUSHOULD HAVE LEARNED IN SCHOOL
English
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 expect from a gifted educator, Hallam demonstrates 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 the one that made Warren Buffett a multi-billionaire, Hallam guides readers to understand how the stock and bond markets really work, arming you with a psychological advantage for when markets fall.
Shows why young investors should hope for stock market crashes if they want to get richExplains how you can spend just 60 minutes a year on your investments, never open a financial paper, avoid investment news, and still leave most professional investors in the dustPromotes a unique new investment methodology that combines low cost index funds and a Warren Buffett-esque investment philosophyMillionaire Teacher explains how any middle-income individual can learn can learn the ABCs of personal finance and become a multi-millionaire, from a schoolteacher who has been there and done that.
English
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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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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"...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
