Millionaire Teacher

Informationen zum Autor Andrew Hallam built a debt-free, million dollar portfolio on a middle class salary before he was forty years old. He has shared his simple, evidence-based investment strategies on CNBC, in MoneySense magazine and with his columns in The Globe and Mail and Canadian Business magazine. He also writes a column for AssetBuilder, an online US-based investment firm. He and his wife are digital nomads. They travel the globe to explore new places. They often couple their adventures with talks around the world, inspiring others to effectively manage their money. Join the conversation and gain continued financial insight on his blog at www.andrewhallam.com. Klappentext Adopt the investment strategy that turned a school teacher into a millionaireMillionaire 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. 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.Financial literacy is rarely taught in schools. Were you shortchanged by your education system? This book is your solution, teaching you the ABCs of finance to help you build wealth. Gain the financial literacy to make smart investment decisions Learn why you should invest in index funds Find out how to find the right kind of financial advisor Avoid scams and flash-in-the-pan trendsMillionaire Teacher shows how to build a strong financial future today. Zusammenfassung 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. Inhaltsverzeichnis Acknowledgments xiiiIntroduction 1RULE 1 Spend Like You Want to Grow Rich 5The Hippocratic Rule of Wealth 6Can You See the Road When You're Driving? 10One of the Savviest Guys I Ever Met--And His View on Buying Cars 13Careful Home Purchases 19Millionaire Handouts 20How Did I Become a Millionaire? 21Looking to the Future 24RULE 2 Use the Greatest Investment Ally You Have 27Compound Interest--The World's Most Powerful Financial Concept 29The Bohemian Millionaire--The Best of Historical-Based Fiction 31Gifting Money to Yourself 34When You Definitely Shouldn't Invest 36How and Why Stocks Rise in Value 36RULE 3 Small Fees Pack Big Punches 43With Training, the Average Fifth Grader Can Take on Wall Street 44Financial Experts Backing the Irrefutable 45What Causes Experts to Shake Their Heads 49When the Best Funds Turn Malignant 51Reality Check 58When Best Mutual Fund Lists Can Strip You Naked 61What's Under the Hood of an Index Fund? 69Captain America Calls for Government Action 70Who's Arguing against Indexes? 72RULE 4 Conquer the Enemy in the Mirror 81When a 10 Percent Gain Isn't a 10 Percent Gain 81Are Index Fund Investors Smarter? 86It's Not Timing the Market That Matters; It's Time in the Market 88On Stocks . . . What You Really Should Have Learned in School 90Internet Madness and the Damage It Caused 96Taking Advantage of Fear and Greed 99Young People Should Salivate When Stocks Sputter 101Opportunities after Chaos 103RULE 5 Bui...

Autorentext
Andrew Hallam built a debt-free, million dollar portfolio on a middle class salary before he was forty years old. He has shared his simple, evidence-based investment strategies on CNBC, in MoneySense magazine and with his columns in The Globe and Mail and Canadian Business magazine. He also writes a column for AssetBuilder, an online US-based investment firm. He and his wife are digital nomads. They travel the globe to explore new places. They often couple their adventures with talks around the world, inspiring others to effectively manage their money. Join the conversation and gain continued financial insight on his blog at www.andrewhallam.com.

Klappentext

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. 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. Financial literacy is rarely taught in schools. Were you shortchanged by your education system? This book is your solution, teaching you the ABCs of finance to help you build wealth. Gain the financial literacy to make smart investment decisions Learn why you should invest in index funds Find out how to find the right kind of financial advisor Avoid scams and flash-in-the-pan trends Millionaire Teacher shows how to build a strong financial future today.

Inhalt

Acknowledgments xiii Introduction 1 RULE 1 Spend Like You Want to Grow Rich 5 The Hippocratic Rule of Wealth 6 Can You See the Road When You're Driving? 10 One of the Savviest Guys I Ever Met--And His View on Buying Cars 13 Careful Home Purchases 19 Millionaire Handouts 20 How Did I Become a Millionaire? 21 Looking to the Future 24 RULE 2 Use the Greatest Investment Ally You Have 27 Compound Interest--The World's Most Powerful Financial Concept 29 The Bohemian Millionaire--The Best of Historical-Based Fiction 31 Gifting Money to Yourself 34 When You Definitely Shouldn't Invest 36 How and Why Stocks Rise in Value 36 RULE 3 Small Fees Pack Big Punches 43 With Training, the Average Fifth Grader Can Take on Wall Street 44 Financial Experts Backing the Irrefutable 45 What Causes Experts to Shake Their Heads 49 When the Best Funds Turn Malignant 51 Reality Check 58 When Best Mutual Fund Lists Can Strip You Naked 61 What's Under the Hood of an Index Fund? 69 Captain America Calls for Government Action 70 Who's Arguing against Indexes? 72 RULE 4 Conquer the Enemy in the Mirror 81 When a 10 Percent Gain Isn't a 10 Percent Gain 81 Are Index Fund Investors Smarter? 86 It's Not Timing the Market That Matters; It's Time in the Market 88 On Stocks . . . What You Really Should Have Learned in School 90 Internet Madness and the Damage It Caused 96 Taking Advantage of Fear and Greed 99 Young People Should Salivate When Stocks Sputter 101 Opportunities after Chaos 103 RULE 5 Build Mountains of Money with a Responsible Portfolio 111 What Are Bonds? 112 Profiting from Panic--Stock Market Crash, 2008-2009 116 Having a Foreign Affair 118 Introducing the Couch Potato Portfolio 120 Combinations of Stocks and Bonds Can Have Powerful Returns 123 RULE 6 Sample a "Round-the-World" Ticket to Indexing 129 What's the Difference between an Index Fund and an ETF? 129 Indexing in the United States--An American Father of Triplets 135 Indexing in Canada 1…