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eBook Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School ePub

eBook Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School ePub

by Andrew Hallam

  • ISBN: 0470830069
  • Category: Investing
  • Subcategory: Perfomance and Work
  • Author: Andrew Hallam
  • Language: English
  • Publisher: Wiley; 1 edition (November 1, 2011)
  • Pages: 208
  • ePub book: 1854 kb
  • Fb2 book: 1489 kb
  • Other: docx lrf lit lrf
  • Rating: 4.2
  • Votes: 566

Description

Millionaire Teacher book. Goodreads helps you keep track of books you want to read

Millionaire Teacher book. Goodreads helps you keep track of books you want to read. Start by marking Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School as Want to Read: Want to Read savin. ant to Read.

is full of wisdom and wit-a combination that makes the book an easy read. This is not another writer's set of opinions, this is an evidence-based project and draws on the wisdom of many Nobel Laureate winners

is full of wisdom and wit-a combination that makes the book an easy read. This is not another writer's set of opinions, this is an evidence-based project and draws on the wisdom of many Nobel Laureate winners. Their work is translated and distilled into easily understandable chapters. The basic principles espoused in the book should be required educative reading for every investor

Millionaire Teacher Book. Nine Laws to Financial Freedom. author of Millionaire Teacher & Millionaire Expat.

Millionaire Teacher Book. Millionaire Teacher Endorsements. Millionaire Expat Book. Millionaire Teacher Book. What You Really Should Have Learned in School Internet Madness and the Damage It Caused Taking Advantage of Fear and Greed Opportunities after Chaos. RULE 5 Build Mountains of Money with a Responsible Portfolio What Are Bonds? Profiting from Panic-Stock Market Crash 2008-2009 Having a Foreign Affair Introducing the Couch Potato Portfolio Combinations of Stocks and Bonds Can Have Powerful Returns.

Sorrow prepares you for joy. It violently sweeps everything out of your house, so that new joy can find space to enter

Sorrow prepares you for joy. It violently sweeps everything out of your house, so that new joy can find space to enter. It shakes the yellow leaves from the bough of your heart, so that fresh, green leaves can grow in their place. It pulls up the rotten roots, so that new roots hidden beneath have room to grow. Whatever sorrow shakes from your heart, far better things will take their place.

The book contains Hallam’s Nine Rules to become a millionaire, and he has them all right. If you know people who are financial train wrecks waiting to happen, recommend this book to them. It may be the best investment they make. Andrew Hallam is proof that you don’t need a high salary, complex stock trading system or even a financial adviser to achieve financial independence. You can get rich by living within your means and using simple wealth-building tools such as low-cost index funds. Millionaire Teacher is a sensible and highly readable guide to investing that packs a lot of wisdom into its nine simple rules.

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But Andrew Hallam did so, long before the typical retirement age. And now, with Millionaire Teacher, he wants to. . 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. Millionaire 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.

Adopt the investment strategy that turned a school teacher into a millionaire Millionaire Teacher shows you how to achieve financial independence through smart investing without being a financial wizard. Author Andrew Hallam was a high school English teacher. He became a debt-free millionaire by following a few simple rules. In this book, he teaches you the financial fundamentals you need to follow in his tracks. You can spend just an hour per year on your investments, never think about the stock market's direction and still beat most professional investors.

The incredible story of how a schoolteacher built a million-dollar portfolio, and how you can too 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 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 anyone can learn the ABCs of personal finance and strengthen their financial position.

Comments

Dream Dream
A well-written and informative book for most people. I bought it for my children and eventually grandchildren to read. If more people would heed the advice of always living on less than you make, and only investing in index funds, they would be much better off. People let brokers convince them that investing is way too complicated for the average person, and they "need" their expensive help with this investing stuff.

That said, I will take exception with his suggestion to put what I consider lots of your money into bond funds. Since interest rates peaked in 1981 when money market funds were paying about 14%, owning bond funds has been a good thing. But with interest rates near zero, we may be looking at a 20 or 30-year bear market for bonds. The great Peter Lynch the author quotes to support his suggestion to put money into index funds also said put all your money into stocks and none into bonds. Warren Buffett is also quoted, but the fact that he recommends individual investors put all their money into stock index funds with none in bond funds is also ignored. Lynch did say to sell all stocks and go 100% into 30-year US Bonds if the yield on them hits 9%, but we are a long way from that.

Ignoring half of what these two great investors said is why I give 4 stars instead of 5. I can't tell you that you are wrong to put half of your money into bond funds, but two really great investors do.
Bil Bil
If your goal is to become financially free asap & have enough income for a comfortable retirement, then there are only 2 books you really need to read.

1. Millionaire Teacher - Andrew Hallam is an easy to read & understand guide to achieving your financial goals. His 9 rules explain what to invest in, how to deal with banks & financial advisors, how to balance your portfolio & a lot more, while spending only a few hours per year reviewing & correcting.

2. Barefoot Investor - Scott Pape, explains how to structure your finances & discipline yourself to control your spending with ease, how to deal with debt, save for holidays, invest in your future by saving for a home, & investing in you superannuation. It written based on living in Australia but the principles can be applied to living anywhere.

These 2 books complement each other very well, & I highly recommend you read both.
Dagdardana Dagdardana
I heard about this book from an appearance of Hallam on the Afford Anything podcast. I'm far from a professional investor, and work in around the same salary bracket as the kind of life he described as a teacher. I'm interested in personal finance, but many finance books I've perused seem bent on selling you some path of real estate investing, playing the stocks or using complex methodologies to gamble your way into "maximized returns", none of which I'm really interested in. Hallam's book laid out very easily another path that I could see in my own life without having to become some sort of money guru. I'd definitely recommend this book if you want to set up for a smart future in the long term and you're not looking to be swayed by immediate dollar signs or fast talking dealmaking.
Welahza Welahza
Because several of the rules are simply more precise instructions for a previous rule, e.g., avoid brokers who attempt to talk you out of investing in index funds, I boiled the author's good advice into three rules:

Rule 1. Spend less than you make. The author referenced stories from a book I read many years ago, The Millionair Next Door. Most million dollar homes are NOT owned by millionaires. And most millionaires DON'T live in million dollar homes.

Rule 2. I wish my parents had taught me the power of compound interest when I was in high school. I learned it later in life, but I lost out on some of the power. One of my grandsons has $300 saved up. I'm going to teach him and his brothers that if he adds $30 to it every month and earns 10% for the next 48 years, he'll have $375,000 at age 60! How can he achieve 10% interest? See rule #3.

Rule 3. Invest in Index Funds. The author explains that spreading your money over three index funds ... home country, international & government bonds ... as Warren Buffet does, a 10% annualized return over a long period of time is very achievable. The author says "It's not timing the market; it's time in the market".
Zeli Zeli
It's not a get-rich-quick book (can't stand 'em). It doesn't sell anything (can't stand ads masquerading as books). A friend passionately recommended it. He was right. It has changed my life. Wish I had this knowledge 20 years ago. Thankful to have it now. And most importantly, thankful to have the opportunity to teach the powerful principles contained within to our children.

Investing shouldn't be difficult. It shouldn't be mystical. And this book proves it. I've gone 40+ years not having much of a clue about investing. That fact alone has cost me literally hundreds of thousands of dollars for my 70+ year old self. But this book will help my 70-year-old me breathe a little easier financially, and for that I'm grateful.

It's not the Bible. But it is now only the second book in my lifetime that I recommend everyone should read (and that's saying a lot, seeing as I have one of my own out there).
Heri Heri
I really enjoyed this book. It's a easy read for those who don't love financial terms, and I believe the advice is easy enough for anyone to follow. After years of reading many financial books, this book sums up the advice of many other books considered to be pillars of the financial world. The advice is straight forward and it is coming from someone who has done it himself. He isn't a stock broker. He isn't a guy trying to sell you stocks where he makes a commission. Andrew is just a regular guy, with a pretty average salary and he was able to retire early. Whether you are 18 or 40, now is the time to follow this sage advice! Then go forth and spread the word to every child turning into an adult. Help others also retire gracefully too.