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Home > Millionaire Teacher by Andrew Hallam (Book Review)

Millionaire Teacher by Andrew Hallam (Book Review)

August 9th, 2014 at 09:32 pm

"Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School" by Andrew Hallam (2011)

This is an EXCELLENT beginner personal finance and investing book, written by a private school teacher who built a million dollar investment portfolio on a teacher's salary. His advice is down to earth and sensible (spend less than you earn, start investing early, invest in low-fee index funds, resist the sales pitches from financial planner salespeople, etc.) What I especially liked was the way concepts were explained intelligently, clearly (in plain English), and with humor. He uses an analogy that compares the stock market to a dog on a leash that helped me understand stocks even more clearly than before. Of special note for our non-American friends is a chapter devoted to investing if you live in Canada, Singapore, or Australia. This is my new favorite basic PF book. I wish my niece were old enough to read it, but at 13 she's probably still a little young. Big Grin

To give you some idea of just how credible this book is:
- The blurbs on the book jacket recommending the book include those written by Burton Malkiel, Scott Burns, William Bernstein, etc.
- The authors he quotes in his book include Thomas Stanley, John Bogle, Larry Swedroe, Burton Malkiel, Daniel Solin, etc.
He's in pretty good company.

This book is worth a read (check your local library, which is where I got the copy I read over 2 days) and would make an excellent gift for a college student or grad.

4 Responses to “Millionaire Teacher by Andrew Hallam (Book Review)”

  1. My English Castle Says:
    1407620491

    Sounds very good with extremely sensible advice.

  2. rob62521 Says:
    1407703706

    Thanks for the review!

  3. SecretarySaving Says:
    1407786252

    cool! I will check it out.

  4. snafu Says:
    1408477424

    Thanks for the title, read it and found it very useful. I'll use his ideas to launch discussion in some of my classes. My students like to talk about money.

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