Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (英語) ペーパーバック – 2011/11/1
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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.
"...if you are looking for the first, and possibly only, book to read if you want to figure out how to finance the rest of your life, you can read Andrew Hallam’s “The Millionaire Teacher.”" -- Scott Burns
"'Millionaire Teacher' is a an inspiring must-read." -- Canadian Business
"It’s that kind of experience and wisdom that makes 'Millionaire Teacher' such an outstanding book. It’s easy to find excellent books about investing, but it’s rare to read an author who so clearly understands how people think and act in their financial lives." -- canadiancouchpotato.com
"The book itself focuses on nine rules of wealth that people should have learned in school... These rules nicely distill what has been said in many of the better personal finance books out there: particularly those that cover indexing and the futility of high-cost actively managed investment approaches." -- Financial Post
"I would recommend Hallam’s book as a great investment guide for the investor that wants to be more engaged with their portfolio." -- Jim Yih, retirehappyblog.ca
"Written simply, the book is suitable even for those who have little knowledge of finances." -- Personal Money"If you want to make sure that your money is invested wisely, then this is the book for you." -- turnonepoundintoamillion.com
"...quirky, upbeat and above all interesting...a book for anyone." -- blog.iii.co.uk
"This book is engaging and easy to read." -- retireby40.org商品の説明をすべて表示する
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.
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.
Just do exactly what this book says (like buy Vanguard funds and avoid trend stocks). I lost $10K chasing newsworthy Rx stocks and Tech companies. It's all newspaper rhetoric. I analyzed swing-trading charts like I was plotting a trip to the moon: you can't predict or plan anything!
The only thing that helped me make some serious cash with stocks is the CAN SLIM Method (O'Neil) and this book. For teachers and any other professional making less than $60K a year, this is THE way. Time will pass and you'll lock in "slowly but surely" gains. It's the marathon way of investing, not a get-rich-quick sprint.
After you execute this book's simple financial plan, just focus on how to learn they kids goodlier and give them knowledges. Nothing left to say.
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).