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Millionaire Teacher

The Nine Rules of Wealth You Should Have Learned in School
Narrated by: Peter Drew
Length: 6 hrs and 24 mins
4.5 out of 5 stars (49 ratings)

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Summary

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.

PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your My Library section along with the audio.

©2011 John Wiley & Sons (Asia) Pte. Ltd (P)2012 Audible, Inc.

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    3 out of 5 stars
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    3 out of 5 stars

Interesting listen

What did you like best about Millionaire Teacher? What did you like least?

The ultimate moral of the story is to invest in index funds. It is a very American book and doesn't tell you how to invest or what to do thereafter, perhaps I need another book?

What was the most interesting aspect of this story? The least interesting?

I like the story telling but all his comparisons made me feel terrible that I hadn't started investing my £5 a week when I was 10 years old, made me feel a failure.

What three words best describe Peter Drew’s performance?

Funny tales but really you should leave out reading out tables, this is the most boring thing ever and doesn't add anything to the listening experience.

Did Millionaire Teacher inspire you to do anything?

yes to invest

Any additional comments?

The audio formats of books really need to be looked out for non fiction books, there is no point reading out tables and figures.

1 of 1 people found this review helpful

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Great book - everyone should read this

Dear Andrew - please can you put all your books on Audible. PLEASE! This is an excellent book and I highly recommend everyone reads it if they want to change their financial future for the better.

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loved it

great read and makes total sense to a novice like me who does not have the patience to be researching and logining in and out of accounts moving stocks and bonds all the time

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Great overall

An essential for a basic level of personal finance knowledge. Better value than any professional advisor if you are not yet very knowledgable about investment in stock markets, etc. Actually offers up good avenues for investment rather than just talking about general investment ideology/strategy.

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Nothing new

If this is the only investment book you read, it can be useful, but if you are a frequent reader this book offers little new insights..

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only read if investing in stocks<br /><br />

only worth listening to if you want to invest in the stock market.not much benefit otherwise

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  • Kevin
  • 27-11-13

Excellent Investment Advice

This book contained solid, long-term investment advice. I have readjusted my retirement accounts to match the strategies described in this book.

My only complaint is that the author spent too much time convincing the reader about the benefits of index funds. A few chapters into the book I kept saying to myself, "ok, I get it, low cost index funds are better than actively managed mutual funds, now move on".

7 of 7 people found this review helpful

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  • Kindle Customer
  • 28-12-15

Great personal finance and investing starter.

Overall excellent book. It bogs down when he reads off all of the funds for the alternate countries. Other than that, good stuff.
Not a fan of this narrator particularly.

5 of 5 people found this review helpful

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  • Devo Spice
  • 07-08-15

I wish I had read this 20 years ago.

Very solid advice. No nonsense. No fluff. Everything makes perfect sense. I only wish I had read it earlier.

3 of 3 people found this review helpful

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  • damian roman
  • 01-07-15

Amazing knowledge to share.

I believe this to be the best information sum up in one book. I highly recommend this if you are looking to have other streams of income. This information should be available to high school kids before they even get into debt. I hope this review will guide you into making the right choice for this purchase b

3 of 3 people found this review helpful

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  • Trixi
  • 27-04-18

Great book. terrible reader.

i loved this book; but id rather be listening to a person rather than male siri.

2 of 2 people found this review helpful

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  • Ed
  • 02-11-18

Outdated, NOT FOR THE SECOND EDITION

I enjoyed the simplicity of Andrew’s book, especially his second edition which I was reading along with the audiobook.

Unfortunately, it appears that he has not provided audio for the second edition and there are major differences between the first and second editions. This took away from the enjoyment of the book, which is a shame.

The audio reader did a fine job with the narration, it’s just a shame that I wasn’t able to get one for the second edition.

1 of 1 people found this review helpful

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  • Paul O' Kirwan
  • 31-01-18

Please do not spell out URL's !!

What did you love best about Millionaire Teacher?

Some excellent information here but its probably not the best subject for an audio book.

Any additional comments?

Consider putting tables and Url links in a separate PDF. it is very irrating to listen to these being spelled out with hyphens, fordward slash, index.jsp etc.

1 of 1 people found this review helpful

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  • Gavin
  • 23-02-15

Everyone should read this book.

Honest, sensible financial advice. I'm no expert but Hallam makes very strong arguments. I highly recommended this book. I'll be telling friends and family to read it.

1 of 1 people found this review helpful

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  • D
  • 03-09-19

Not Effective for Audio; Over Usage of Metaphors

The narrator spells out every single URL mentioned in the book. Very tedious and annoying. Also, there are many charts that are hard to follow with an audiobook. The author's over usage of metaphors is extremely annoying after the first hour. Generally, the book is very basic and redundant throughout, explaining the same thing over again. I could only get through about half the book before I gave up and moved onto something better.

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  • Amazon Customer
  • 23-07-19

The alternative I was looking for

As a resident in Dubai for the past 9 years I have been approached by a number of “financial advisors” trying to sell me actively managed mutual funds from the companies Andrew mentioned in his books. Thanks to the Warning in his website I never signed one of those because he made me realize how high the fees were.
Now, I am ready to put into practice everything I learned in this book and also Millionaire Expat. I just started investing in ETFs - index funds - hoping that the theory will actually work. If it does I’ll be always thankful to Andrew Hallam.
All the best to everybody