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Millionaire Teacher
Book

Millionaire Teacher

The Nine Rules of Wealth You Should Have Learned in School

Wiley, 2017 更多详情


Editorial Rating

8

Qualities

  • Applicable
  • Overview
  • For Beginners

Recommendation

To become wealthy, says investment adviser Andrew Hallam, heed nine rules about managing your money. His primer offers sound, basic, practicable advice. He favors index funds, opposes certain types of financial advisers and advocates commonsense investing. He covers the basics, like if you consume less, you will have more money to invest. Avoid scams and fads. Understand how your feelings can undermine your savings strategy. And remember that most people have a greater chance of beating Roger Federer in a tennis match than they have of successfully “timing the market.” While never offering investment advice, getAbstract recommends Hallam’s clear, solid guidance to those who are just starting to invest or seeking to improve their current investments.

Take-Aways

  • Follow nine rules to manage your money and build wealth:
  • Spend carefully so you will have money left over to invest. Promise yourself to “do no harm” to your finances.
  • Remember that compound interest is your most reliable investment tool. 

About the Author

Andrew Hallam worked as a high school teacher and taught personal finance and English. Now, he writes investment columns. He and his wife travel around the world speaking on investing. 


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