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Feb 11 2012

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Secrets of a Millionaire Teacher by Barbara Whelehan





By Barbara Whelehan · Bankrate.com
Friday, February 10, 2012
 

A new poll by the Pew Research Center reveals that the age at which children should be financially independent, according to parents, has crept up over the past decade. In 1993, 80 percent of parents said children should be independent by age 22. But in the new poll, only 67 percent of parents agreed with that assessment.

Parents of young adults were even more lenient, with just 46 percent going along with the 22-year milestone. But 51 percent said they don’t need to be independent until 25 or older.

Not everyone thinks it’s a good idea to help out grown children. Andrew Hallam believes parents who help their kids financially actually hinder their growth. From a teacher’s salary, Hallam amassed a million dollars by the time he turned age 38. He reveals his experiences in the first chapter of his book, “Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School.” He devotes the rest of the book to sharing his secrets for building wealth.

 

 Read the full article By Barbara Whelehan

 

 








About the author

andrew hallam

I'm a freelance finance writer, lucky enough to have been nominated as a finalist for two Canadian National Publishing Awards. I'm also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School, a book explaining how I became a millionaire on a teacher's salary, while still in my 30s. Working to empower people financially, I'm available to motivate and inspire people on basic retirement planning and index investing. I'm happy to comment on your questions, first, please read the Terms of Use.

Permanent link to this article: http://andrewhallam.com/2012/02/secrets-of-a-millionaire-teacher-by-barbara-whelehan/

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