There is hardly a scarcity of Personal Finance books available. It seems every time you pick up a list of the top ten best sellers, there is a new offering available in the personal finance genre.
This book however, written by Andrew Hallam, is worth a read. Andrew built a million dollar portfolio on a middle-class income before the age of 40. He didn’t do it with a ‘fancy’ trading strategy or exposing himself to extreme financial risks!
He built his portfolio and net worth the old fashioned way – through maintaining a simple lifestyle and investing the proceeds in a diversified indexed portfolio.
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 his book, he teaches you the financial fundamentals you need to follow in his tracks – things you did not learn in school.
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. It’s not about get-rich-quick schemes or trendy investment products peddled by an ever-widening, self-serving industry; it’s about your money and your future.
This new second edition features updated discussion on passive investing, studies on dollar cost averaging versus lump sum investing, and a detailed segment on RoboAdvisors for Americans, Canadians, Australians, Singaporeans and British investors.
Andrew lists his nine rules of wealth:
- Spend like you want to grow rich;
- Use the greatest investment ally you have;
- Small fees pack big punches (very important);
- Conquer the Enemy in the mirror;
- Build mountains of money with a responsible portfolio;
- Sample a “round-the-world” ticket to indexing;
- No, you don’t’ need to invest on your own;
- Peek inside a pilferer’s playbook; and,
- Avoid seduction.
This read has a powerful message about indexing – it’s easy, it beats active mutual funds, and it can seriously build wealth if you stick to the plan over the long term. You will enjoy Andrew’s easy-reading writing style that appeals to both the novice and the experienced in personal finance.