Book description
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 for when markets fall.
Shows why young investors should hope for stock market crashes if they want to get rich
Explains 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 dust
Promotes a unique new investment methodology that combines low cost index funds and a Warren Buffett-esque investment philosophy
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.
Table of contents
- Cover Page
- Title Page
- Copyright
- Dedication
- Contents
- Acknowledgments
- Foreword
- Introduction
- RULE 1: Spend Like You Want to Grow Rich
- RULE 2: Use the Greatest Investment Ally You Have
- RULE 3: Small Percentages Pack Big Punches
- RULE 4: Conquer the Enemy in the Mirror
- RULE 5: Build Mountains of Money with a Responsible Portfolio
- RULE 6: Sample a “Round-the-World” Ticket to Indexing
- RULE 7: Peek Inside A Pilferer's Playbook
-
RULE 8: Avoid Seduction
- Confession Time
- The dumbest investment I ever made
- Investment Newsletters and Their Track Records
- High-Yielding Bonds Called “Junk”
- Fast-Growing Markets Can Make Bad Investments
- Gold Isn't an Investment
- What You Need to Know about Investment Magazines
- Hedge Funds—The Rich Stealing from the Rich
- Notes
- RULE 9: The 10% Stock-Picking Solution . . . If You Really Can't Help Yourself
- The Nine Rules of Wealth Checklist
- Index
Product information
- Title: Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School
- Author(s):
- Release date: November 2011
- Publisher(s): Wiley
- ISBN: 9780470830062
You might also like
book
Personal Finance For Dummies, 9th Edition
Take stock of your financial situation From budgeting, saving, and reducing debt, to making timely investment …
book
Get Rich with Dividends, 2nd Edition
2016 Book of the Year award winner by the Institute for Financial Literacy "Set it and …
book
Using Your Web Skills To Make Money: Secrets of a Successful Online Course Creator and Other Income Strategies that Really Work
Discover what you need to learn to thrive and master online course creation and other income …
book
Stock Investing For Dummies, 6th Edition
New ideas, strategies and resources to help you prosper in both up and down markets This …