Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School
| Author | : | |
| Rating | : | 4.47 (561 Votes) |
| Asin | : | 0470830069 |
| Format Type | : | paperback |
| Number of Pages | : | 208 Pages |
| Publish Date | : | 2014-01-13 |
| Language | : | English |
DESCRIPTION:
T. Pryor said 9 rules boil down to 9 rules boil down to 3 Because several of the rules are simply more precise instructions for a previous rule, e.g., avoid brokers who attempt to talk you out of investing in index funds, I boiled the author's good advice into three rules:Rule 1. Spend less than you make. The author referenced stories from a book I read many years ago, The Millionair Next Door. Most million dollar homes are NOT owned by millionaires. And most millionaires DON'T live in million dollar homes.Rule 2. I wish my parents had taught me the power of compound interest when I was in high school. I learned it later in life, but I lost out on some of the power. One . . Because several of the rules are simply more precise instructions for a previous rule, e.g., avoid brokers who attempt to talk you out of investing in index funds, I boiled the author's good advice into three rules:Rule 1. Spend less than you make. The author referenced stories from a book I read many years ago, The Millionair Next Door. Most million dollar homes are NOT owned by millionaires. And most millionaires DON'T live in million dollar homes.Rule "9 rules boil down to 9 rules boil down to 3 Because several of the rules are simply more precise instructions for a previous rule, e.g., avoid brokers who attempt to talk you out of investing in index funds, I boiled the author's good advice into three rules:Rule 1. Spend less than you make. The author referenced stories from a book I read many years ago, The Millionair Next Door. Most million dollar homes are NOT owned by millionaires. And most millionaires DON'T live in million dollar homes.Rule 2. I wish my parents had taught me the power of compound interest when I was in high school. I learned it later in life, but I lost out on some of the power. One . " according to T. Pryor. Because several of the rules are simply more precise instructions for a previous rule, e.g., avoid brokers who attempt to talk you out of investing in index funds, I boiled the author's good advice into three rules:Rule 1. Spend less than you make. The author referenced stories from a book I read many years ago, The Millionair Next Door. Most million dollar homes are NOT owned by millionaires. And most millionaires DON'T live in million dollar homes.Rule 2. I wish my parents had taught me the power of compound interest when I was in high school. I learned it later in life, but I lost out on some of the power. One . . I wish my parents had taught me the power of compound interest when I was in high school. I learned it later in life, but I lost out on some of the power. One . "Really Good Book, But" according to George Holmes. A well-written and informative book for most people. I bought it for my children and eventually grandchildren to read. If more people would heed the advice of always living on less than you make, and only investing in index funds, they would be much better off. People let brokers convince them that investing is way too complicated for the average person, and they "need" their expensive help with this investing stuff.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 1Really Good Book, But George Holmes A well-written and informative book for most people. I bought it for my children and eventually grandchildren to read. If more people would heed the advice of always living on less than you make, and only investing in index funds, they would be much better off. People let brokers convince them that investing is way too complicated for the average person, and they "need" their expensive help with this investing stuff.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. %, owning. 100% Works, though it won't be exciting Kindle Customer AH's system works. I'm retired and in my early 40's. Live below your means and invest early: that's awesome advice!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'l
For 200 years, the same story has played out over and over again. Take this example: If you had put $10,000 in the AVERAGE global stock, in 1981, and held it until today, with all reinvested dividends, it would be worth nearly $200,000 by 2011. My book doesn't just espouse financial theory, but it shows how I utilized that theory in real life. jumped up and down from 1965 to 1982 (17 years) without going anywhere. First, it's very easy to understand—even for someone who knows nothing about finances. And I agree with him. The general population is always afraid of the stock market when it's most attractive, and they love investing when it gets more and more expensive to do so. Foundations for great wealth are ne
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 when markets fall.Shows why young investors should hope for stock market crashes if they want to get richExplains 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 dustPromotes a unique new investment methodology that combines low cost index funds and a Warren Buffett-esque investment philosophyMillionaire Teacher explains how anyone can learn the ABCs of personal finance and strengthen their financial position.. 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