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Permanent link to this article: http://andrewhallam.com/2011/10/order-millionaire-teacher-book/
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Welcome! I’m Andrew Hallam
Many people aren't comfortable talking about money. It's not usually a conversational dinner-time topic, and its principles are rarely taught in schools. My goal is to have a "conversation" about it here, on this blog. If you read something you find intriguing, please comment or ask your questions!
I am also the author of the book: Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned at School.
If you'd like to find out more about my investing philosophy, read my "Nine Laws to Financial Freedom."
Recent Comments
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International Teachers: Are you investing enough money? I am British and will work in Tanzania.
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Singaporeans Investing Cheaply with Exchange Traded Index Funds Hi Andrew, as a side issue, what are your views on ...
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Expat Australian Investors in Singapore Offered More Options Thank you very much for your advice, Andrew. Greatl ...
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How British Expatriates Can Invest Using Index Funds in Singapore
Hi Anna,
If you wait, you'll be speculating. Ma ...
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How British Expatriates Can Invest Using Index Funds in Singapore Hi Andrew, I really enjoyed reading your book an ...
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Hi Rohan,
I suggest that you buy every month or ...
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Singaporeans Investing Cheaply with Exchange Traded Index Funds
Hi CatP
In the case of DBS Vickers, the investme ...
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Singaporeans Investing Cheaply with Exchange Traded Index Funds
This is awesome Ravinder!! Thank you!!!!
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Hi Mandanna,
The above would work very well.
...
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80 comments
Susan says:
May 7, 2011 at 3:35 pm (UTC 8 )
Yippee! This is great news. I hope it will be available in Kindle format. As expats we try to limit the number of books we need to physically carry around the planet.
Andrew Hallam says:
May 7, 2011 at 5:59 pm (UTC 8 )
@Susan
Thanks Susan,
It will be on Kindle! This weekend’s task for me is to bold everything (within the book) that I want online links to. It should bring it to life!
pgreensoup says:
May 8, 2011 at 7:04 pm (UTC 8 )
Andrew,
I’m glad to know your book is about to be published and even happier to know that it will be available in digital format. Congrats on publishing, my friend. I can’t wait to read the book! Any chance you’d come to Prague to do a little promotion?
Andrew Hallam says:
May 10, 2011 at 7:43 am (UTC 8 )
Thanks Patrick,
I know that I’ll be going to Canada and the U.S., but I didn’t make plans for Europe. That said, I believe the book is going to be available in Europe. I’ve seen the price in pounds sterling and in Euros, which is cool to see.
The Passive Income Earner says:
May 9, 2011 at 1:23 am (UTC 8 )
Hey Andrew, out of curiosity, what age group is it written for? Highschool? University?
I can’t wait to put my hands on it.
Andrew Hallam says:
May 10, 2011 at 8:00 am (UTC 8 )
Hey Passive,
I have a tough time answering the age-target question, after speaking to (and questioning) hundreds of adults, at investment seminars. Here’s why:
The average adult knows barely more about investing than the average 10th grade student. And you can’t blame them. Few people receive a decent financial education at school. You and your friends are likely very knowledgable, but when you stand in front of 100 adults and ask them who can tell you what a bond is, you’d be amazed to find that the vast majority don’t know. The average adult wants something easy to read, that doesn’t take their knowledge gaps for granted. I think a 15 year old could read Millionaire Teacher and understand it. But I also think that this quality is what makes it accessible and interesting for the average 25,35, or 45 year old reader as well. That’s the part that I’m really proud of. I had adult readers (dozens of them) read my chapters, and when they weren’t sure about something, I wanted them to let me know, so that I could correct it. And of course, I wanted the book to have an entertaining flair as well! Thanks for being such a loyal supporter of my project Passive. We’re really both trying to do the same thing (educate people about money) which feels great. Thanks!
Think Dividends says:
May 10, 2011 at 12:17 am (UTC 8 )
Are you going to autograph it for your all your blog readers?
Looking forward to reading it.
Andrew Hallam says:
May 10, 2011 at 8:02 am (UTC 8 )
Hey Think Dividends!
Of course I can do that! Thanks so much for the support. I really appreciate having encouraging friends like yourself, even though we’ve never met in person. Thank you!
Andrew Hallam says:
May 13, 2011 at 6:30 am (UTC 8 )
Hey Think Dividends,
I can do that! Thanks for the support!
My Own Advisor says:
May 10, 2011 at 9:01 am (UTC 8 )
I can’t wait to read this puppy Andrew!
I’ve read a bunch of personal finance and investing books since I took over my own financial affairs and became vested in my financial journey; and this one is going on my shelf with pride for sure. It should be a great read.
BTW – I got my own site up and running:
myownadivsor.ca
Amongst everything else you have going on (teaching, books, running, etc.) I hope you continue to stop by as often as you can.
Cheers,
Mark
The Dividend Ninja says:
May 10, 2011 at 11:13 am (UTC 8 )
Andrew,
This is fabuous
Much congratulations on getting your book published! I know its going to be packed with very insightful, indepth, and well reasearched information. And yes I most certainly am expecting an autographed copy – I’ll preorder on Amazon now.
Cheers
The Dividend Ninja
Andrew Hallam says:
May 13, 2011 at 6:31 am (UTC 8 )
Thanks for the support Ninja! I look forward to hearing what you think about it! Cheers!
Paula @ AffordAnything.org says:
May 11, 2011 at 11:07 am (UTC 8 )
Congratulations on publishing your book — I’ll be looking for it on Kindle!
Andrew Hallam says:
May 14, 2011 at 9:51 am (UTC 8 )
Thank you Paula,
It will be available on Kindle in September, and I look forward to hearing what you think about it. I think you’ll like it!
Thanks for the support!
Andrew
Gareth Barlow says:
May 14, 2011 at 9:16 am (UTC 8 )
Andrew,
Great news on the advance reviews.
As a keen follower of your blog and your general investing philosophy, I have a question regarding the possibilities that are open to me regarding the reading of your new book.
Should I:
a) buy it when it is released?
b) borrow it from someone else once they’ve read it?
c) wait for it to appear in a local library?
d) obtain a photocopied version of it while travelling in Asia?
When answering, please consider what you would have done in your early days of investing!
Andrew Hallam says:
May 14, 2011 at 12:12 pm (UTC 8 )
There’s no doubt Gareth:
Humbly, I’ll admit that there are pearls of wisdom throughout that little masterpiece, so you’d definitely want your own copy.
But would I have bought my own copy, back in the day, when I was tighter than bark to a tree? Nah….. I would have convinced a friend to buy it, and then I would have offered to buy it off him, after he read it.
Keep in mind: I would have selected that friend carefully—knowing that he or she would likely give me the book for a cup of coffee, rather than make me pay.
Then I’d have my own copy for eternity, while investing the savings in a diversified, low cost index fund.
You are an excellent study, grasshopper! I sense that you’ll like that advice!
Invest It Wisely says:
May 26, 2011 at 10:47 pm (UTC 8 )
Cool stuff, Andrew! I will definitely be pre-ordering when I get the chance. Congrats on your success; you have shown all of us what anyone can accomplish with hard work and determination.
Myke@In Search of Salt says:
June 1, 2011 at 11:37 pm (UTC 8 )
Hello Andrew.
First off, I don’t think I’ve had the chance to say congratulations on the book! I’m looking forward to it.
I just went to pre-order, but had a thought. The Amazon site lists September as the release date, but you mentioned that the Asian release date is August. Do you know where I should order to get a copy delivered to Japan in August?
Jonathan says:
August 6, 2011 at 9:25 am (UTC 8 )
Hi Andrew,
May I know if the book is already available in Singapore now? I’m very interested in buying it.
Andrew Hallam says:
August 6, 2011 at 9:56 am (UTC 8 )
Thanks for the interest in the book Jonathan,
It should be available in Singpapore’s public bookstores in about 3 weeks. When I know that it’s in Singaporean stores, I’ll get it out there on the blog!
Thanks for your interest! I currently have a single, galley copy of the book, which was delivered last week, and even I chuckle at some of it. I tried to make it informative, and funny…and yeah, I guess I laugh at my own jokes!
Cheers,
Andrew
Monia says:
September 25, 2011 at 11:50 am (UTC 8 )
Hi Andrew, What’s the difference between a listed and unlisted index fund? I’ve been reading this article: http://finance.ninemsn.com.au/pfsharemarketinvesting/performance/8124018/index-funds
But would like to know what your opinion is.
PS Is this the right place to post questions? If not, please direct me.
Thanks
Andrew Hallam says:
September 25, 2011 at 12:35 pm (UTC 8 )
Hi Monia,
Listed index funds are also known as exchange traded funds. They’re categorized as “listed” because they trade on the stock market, and you could buy and sell them multiple times within a single day, if you wanted to. Of course, that would be silly, but the ability to trade them is one main difference. An unlisted index fund doesn’t trade directly on the stock market. In the U.S., unlisted indexes (through Vanguard) and listed exchange traded funds have competitive internal costs associated with them. But you linked to an Australian article, and in Australia (as the article correctly suggests) there is a big price difference between ETFs and Vanguard Australia’s unlisted indexes. This isn’t something you would see getting skimmed off your account. It’s an internal cost that gets skimmed off the value of your index, but it isn’t itemized on a statement.
If you were contributing a few thousand dollars a quarter (or more) then I would recommend buying unlisted ETFs through a broker. You would pay a small purchase commission, but it would be worth it, because it would be cheaper in the long run than going with Vanguard Australia.
If, on the other hand, you wanted to automatically invest small monthly sums, then Vanguard Australia makes it more convenient for you. Just keep in mind that with the unlisted ETFs, you will earn about 0.5% more each year, because they’re cheaper.
Further questions are welcome.
Monica says:
September 25, 2011 at 12:29 pm (UTC 8 )
Another confusing article! Help! Just read:
http://www.choice.com.au/reviews-and-tests/money/investing/products/index%20funds.aspx
Main question is: Am I better off in an EFT or an index fund in Australia?
Do you recommend just purchasing a fund and adding to it only once a year or adding whenever you can such as monthly payments?
Andrew Hallam says:
September 25, 2011 at 12:39 pm (UTC 8 )
How much are you planning to regularly invest Monica? Your answer depends partly on that.
LCF says:
October 16, 2011 at 11:14 pm (UTC 8 )
Hi Mr Hallam, I just stumbled upon your interview on Today. It is an inspiring story for the employed middle class, but most importantly, your experience is truly something many of us can relate too.
Many of us begin to worry about our personal financial management, at a stage in our lives when our financial responsibilities get heavier. I agree with you that even in Malaysia, our education systems do not provide much guidance in financial literacy. It also does not help that the mass media constantly encourages people to spend for instant gratification.
I have not read your book, but you bet I will be looking for it at Borders this coming weekend!
Andrew Hallam says:
October 17, 2011 at 3:29 pm (UTC 8 )
Many thanks for the kind words LCF! I hope you enjoy the book!
Take care,
Andrew
Chris The Truck Driver says:
October 20, 2011 at 9:46 pm (UTC 8 )
Wow Andrew, all this is very exciting! What a great video…I wish I had been on there..so I can talk about all the wasted years I spent in this life….OK …I got my copy of Millionaire Teacher. Maby your agent can book you at Barnes and Noble here in Sacramento…I will come out and see you speak! Thanks Andrew
Andrew Hallam says:
October 21, 2011 at 2:20 pm (UTC 8 )
Hey Chris!
I’m glad you got the book. I have a feeling that we will meet one day!
H says:
October 25, 2011 at 2:46 pm (UTC 8 )
Hey Andrew, read your book and it really opened up my mind to investing!
Do you have any advice for a 22 year old? what should my start-up capital and diversification ratio be like?
Also, do you have any idea where i can purchase a commodity tracking index in Singapore?
Andrew Hallam says:
October 26, 2011 at 9:26 am (UTC 8 )
Hi H,
If you are going to be buying ETFs in Singapore, save on the commissions and buy just one at a time. You could put one fifth of the money in the Singapore bond index while splitting the remainder of your money between the world stock index and the Singapore index.
But just buy one index at a time, and make sure you have about $2000 minimum to keep the transaction costs lower. If you are just starting out, perhaps you just just buy one index per quarter. You shouldn’t have to concern yourself with the allocation until the account gets to about $30k or so.
There are commodity ETFs that trade on the NYSE and they can be purchased here in Singapore. If commodities had experienced awful returns over the past five years, I would consider them. Don’t get lured into chasing past winners though.
TK Park says:
October 29, 2011 at 1:56 pm (UTC 8 )
Andrew,
I got the book today and finished it in one seating. I found it extremely interesting and you opened my eyes on index funds. I will be giving the book to my sister and will recommend the book to all my friends
Thank you!!!
Andrew Hallam says:
November 1, 2011 at 7:48 am (UTC 8 )
Thanks for the kind words about the book TK! I really appreciate that!
FFN says:
November 20, 2011 at 12:01 pm (UTC 8 )
Hi Andrew,
Awesome book for beginners and intermediates alike! I just finished reading it yesterday! I would like to ask two questions:
1) How long did you take to be a millionaire from the day you started?
2) Did you do other investments to get your million (eg. properties, etc) or only through index investing?
Thank you for your taking time to answer those questions!
Andrew Hallam says:
November 21, 2011 at 2:41 am (UTC 8 )
Hi FF,
It took me 18 years to build a net worth of a million dollars. But I was very fortunate that I found relatively high paying jobs over that time, which helped a lot. During university, I worked at B.C. transit. Back in 1992, as a student, I was making roughly $18 an hour–and I worked odd jobs during the weekends (even while working at Transit) to add to my investments. I’m an outlier. There’s no doubt about it. And my level of frugality was extreme. Moving to Singapore also helped me. I chose a school that paid well, and they pay for my housing. A lot of money can be saved when you aren’t paying your own rent. Most of my gains were made in the stock and bond markets, but I also made roughly $300,000 in real estate. I bought an acre of ocean front land for about $150K, and sold it for roughly $480,000. That didn’t hurt.
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