Millionaire Teacher - 2nd Edition - The Nine Rules of Wealth You Should Have Learned in School

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 trends Millionaire Teacher shows how to build a strong financial future today.

List of contents

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 142
 
A Canadian Couch Potato Strips Down Costs 145
 
Indexing in Great Britain 148
 
Indexing in Australia--Winning with an American Weapon 151
 
Indexing in Singapore 153
 
The Next Step 157
 
RULE 7 No, You Don't Have to Invest on Your Own 161
 
Are You Wired Like a Buddha? 162
 
How Does the Average Index Investor Underperform the Index? 163
 
Intelligent Investing for Americans 165
 
Intelligent Investing Firms for Canadians 172
 
Intelligent Investing Firms for British Investors 179
 
Intelligent Investing Firms for Australians 183
 
Intelligent Investment Firms in Singapore 185
 
Don't Ask about Another Lover 186
 
RULE 8 Peek inside a Pilferer's Playbook 189
 
How Will Most Financial Advisers Fight You? 189
 
The Totem Pole View 197
 
Is Government Action Required? 200
 
RULE 9 Avoid Seduction 205
 
Confession Time 205
 
Investment Newsletters and Their Track Records 210
 
High-Yielding Bonds Called "Junk" 213
 
Fast-Growing Markets Can Make Bad Investments 214
 
Gold Isn't an Investment 216
 
What You Need to Know about Investment Magazines 216
 
Hedge Funds--The Rich Stealing from the Rich 219
 
Don't Buy a Currency-Hedged Stock Market ETF 223
&nbs

About the author

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.

Product details

• Authors: A Hallam, Andrew Hallam, Hallam Andrew
• Publisher: Wiley, John and Sons Ltd
• Languages: English
• Product format: Paperback / Softback
• Released: 23.12.2016
• EAN: 9781119356295
• ISBN: 978-1-119-35629-5
• No. of pages: 238
• Dimensions: 154 mm x 230 mm x 15 mm
• Subjects: Guides > Law, job, finance > Money, bank, stock market; Social sciences, law, business > Business > Business administration; Personal finance, Private Finanzplanung, Finance & Investments, Finanz- u. Anlagewesen