In four or five months, Wiley is going to publish my book, The Millionaire Teacher.
I’m honoured that such a great publisher has supported the project, and it’s exhilarating to know that I’ll be published by the same folk behind all of John Bogle’s books,
Lawrence Cunningham’s The Essays of Warren Buffett,
Ken Fisher’s The Only 3 Questions That Count,
Dick Davis’ The Dick Davis Dividend,
Philip Fisher’s classic Common Stocks and Uncommon Profits,
Wiley’s Little Book of Investing Series,
And so many others.
What Makes This Book Different?
Dozens of non -financially minded folk have read my drafted manuscripts to reveal what they don’t understand. And I’ve made numerous changes, making The Millionaire Teacher, perhaps, one of the simplest personal finance books on the market. And it might be one of the liveliest!
Unlike most financial authors, I’ve walked the walk with a middle class salary, so I’m hoping to inspire people with my personal story. I was fortunate enough to accumulate a $1 million portfolio, while still in my 30s, as a schoolteacher. I paid my own educational expenses, and I haven’t inherited a penny from anyone.
I’ve outlined, for starters, some of the frugal strategies I used when I was younger. As nutty as some of them were, it’s important for people to realize that most millionaires don’t spend as much money as most people think. I wasn’t “dumpster diving” for my food, but some of my earlier savings strategies would probably make some big city pan-handlers cringe.
I don’t recommend that anyone follow my self-imposed, youthful penury. But at the same time, if you can’t save money, it doesn’t matter how well you can compound $10 a month. The first million has to start with a diligent savings plan. And I’m not above poking fun at some of the “Big Hat No Cattle” folk who look rich, collect large salaries, but are really living month to month.
Touting a method of indexed investing, combined with Warren Buffett’s ideology of “Being Fearful When Others Are Greedy” has allowed me to juice my ample savings into investment returns–easily exceeding those of a typical index investor. I’ve also woven an instructional path with personal anecdotes, and a strong message to stay away from the financial products sold by most financial advisors.
Writing about my dumbest investment moves, coupled with the casino-esque temptations that can derail the soundest investment plans should allow for both entertaining and instructional reading. And to cap it all off, I’ve included a chapter on stock picking, Warren Buffett-style…for the confident souls who try battling the market, against all odds.
Many people have inspired me to complete this project, and I look forward to passing on my continued gratitude.
I ‘ll keep you posted on the book’s progress.
Thank you, Andrew
For further reading about the self-promoting author, there’s an interview conducted by Kevin, at Investitwisely.com