Nine Laws to Financial Freedom – Resources Page


Welcome to the Nine Laws to Financial Freedom Resources page. As a free report,  feel free to send it to anyone who you feel might benefit. Simply fill in the form, 9 Laws to Financial Freedom — found to the right of the screen –  and I’ll send it to you immediately.  I’ll also keep you updated in the future.



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The Nine Laws to Financial Freedom

My book, Millionaire Teacher, became an international bestseller, but I didn’t write it to make money.  Instead, I wanted to offer evidence-based financial suggestions that people could benefit from.  Many of the lessons within Millionaire Teacher can be found in 9 Laws to Financial Freedom. You could save your money and NOT buy the book.


Introduction: Getting Real About Denial

When I was five years old, I received a tetanus shot in school.  I bawled like a patsy but eventually learned that I wouldn’t be receiving my next shot until the fifth grade.  This was the greatest news ever; in my mind, grade five was adulthood, or pretty close to it.  Lost in denial (with my parents’ traffic warnings ringing in my ears) I figured an unseen Chevy could end everything before the distant age of ten.  So why sweat it?

My Kindergarten denial was harmless, but financial denial is potentially dangerous.   The odds are decent that you’ll reach retirement age. I don’t actually like the “R” word myself.  I prefer “financial freedom” instead:  the option to work — if you choose to — or lay on a hammock after a workout and a massage for as many years as you wish. If this sounds desirable, please keep reading; I’ll list a few laws you could follow to increase your odds of financial success.

  • Introduction: Getting Real About Denial
  • Law #1  – Only Fools Pay Regular Credit Card Interest
  • Law #2 – Rainy Day Money Prevents Drowning
  • Law #3 – Pay Yourself First
  • Law #4 – Embrace Your Inner Sloth
  • Law #5 – Be Aware When Financial Advisors Exploit
  • Law #6 – Financial Advisors with a Conscience
  • Law #7 – When Falling Stocks Are Better Than Rising Ones
  • Law #8 – Bonds Aren’t For Wimps
  • Law #9 – Start with a Map or Risk Getting Lost
  • End Note: Further Suggestions


To read the full report, please fill in the form to the right of screen and I’ll immediately send to you the 9 Laws to Financial Freedom — and keep you updated in future.




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Law #5 – Be Aware When Financial Advisors Exploit

Additional Resources

  • Unconventional Success, David Swensen
  • The Buffett Hedge Fund Challenge
  • A Random Walk Down Wall Street, Burton Malkiel
  • Morningstar
  •  The Little Book of Common Sense Investing, John Bogle
  • The Essays of Warren Buffett, Lawrence Cunningham
  • The Four Pillars of Investing, Dr William Bernstein
  • The Dick Davis Dividend, Dick Davis

For further reading on the superiority of index funds over actively managed funds:

  • Millionaire Teacher, by Andrew Hallam, Wiley, 2011
  • The Elements of Investing, by Charles D. Ellis and Burton Malkiel
  • The New Coffeehouse Investor, by Bill Schultheis
  • The Smartest Investment Book You’ll Ever Read, by Daniel R. Solin
  • The Quest For Alpha, by Larry Swedroe
  • How A Second Grader Beats Wall Street, by Allan S. Roth
  • Random Walk Down Wall Street, by Burton G. Malkiel, 2003
  • The Bogleheads, by Taylor Larimore, Mel Lindauer and Michael LeBoeuf, 2007
  • The Four Pillars of Investing, by William Bernstein, 2003
  • The Lazy Person’s Guide to Investing, by Paul B Farrell, 2004
  • The Little Book of Common Sense Investing, by John Bogle 2007
  • Unconventional Success, by David Swenson 2008


 Law #6 – Financial Advisors with a Conscience

Additional Resources


Law #7 – When Falling Stocks Are Better Than Rising Ones

Additional Resources

  • CNN Money Buffett Advice –  Read more about Buffett’s philosophy
  • The Essays of Warren Buffett, Lawrence Cunningham


Law #8 – Bonds Aren’t For Wimps

Additional Resources


Law #9 – Start with a Map or Risk Getting Lost

Additional Resources


End Note: Further Suggestions

Additional Resources

  • Did you get  the Nine Laws to Financial Freedom from a friend? It may be an older version. To get the most up-to-date version, fill in the form to the right. This only needs to be done once and we’ll send you updates  as they become available.


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89 Responses

  1. John says:

    Great read and very much enjoy your blog

  2. Gaby says:

    Hi Andrew,

    Thanks again for another great read!!! I am always grateful for all your posts and advice. You always put things in perspective and make me want to keep saving more in hopes of reaching financial freedom :)

    All the best,


  3. sundaravaradan says:

    Dear Andrew

    When my friend Manish recommended your book , I immediately bought it online through kindle and read the book with excitement. I had mastered the Law no 1 to 4. But miserably failed in Law 5 and 7. Not aware of the Law no 6 and I found no one so far other than your book. Done reasonably well in bonds taking risk. Started investing in Index both bond and stock.

    Now I pray for falling market to invest in stock index using my hard earned savings. Also want to enter bond index at a reasonable price. All bond index already at high price currently.

    I am a resident of Singapore but would be settling in India . Great book and really thank you for sharing the 9 laws

  4. Derald Cook says:


    I enjoyed meeting you in Manila at EARCOS a few years back and have read your book since and applied many of the principles. I have left Mont' Kiara International School and am now back in Marin County, California. I have recommended your book to several of my new colleagues, which they have purchased.

    Derald Cook

  5. DIY Investor says:

    The U.S. is facing a retirement crisis as baby boomers are totally unprepared for their years age 65 and beyond. They don't have resources they counted on because they saved too little, charged too much, got caught up in the bubble, paid too much for financial services and borrowed against rising house prices prior to the housing bust. Simply, many have no choices or options as they face their so-called "golden years".

    All of this can be avoided in the future by spending a short amount of time reading and following Andrew's rules. At least one person in every family should understand these rules and explain them to others.

    In the U.S., with 401(k)s etc. we have been put in charge of our retirement but nobody gave us an instruction booklet. Andrew provides that booklet.

  6. Hi Andrew,

    Thank you for this. I am half way through your book, which I am enjoying tremendously. It comes at just the right time. I teach overseas and need to get back on track with investing. I hate to think how much of my money Raymond James has taken over the years. Index funds it will be from now on (plus appropriate percentage of bonds). Thank you for the links, especially the compound interest calculator.

    A fun coincidence: we are interviewing for a new Headmaster this week, and when I asked candidate 1 what he's reading, he mentioned your book!

    Two questions after reading your nine rules. When saving the rainy day fund, where should one invest or gather it to maximization growth potential? Should it be part of the index/bond funds pile? And do you recommend that I roll over my WA State teacher's retirement account into the Vanguard account I plan to start this week, or just leave it where it is? Wouldn't I stand to earn a lot more compound interest if I rolled over that nice little lump and started adding to it, instead of letting it sit there making money but being unable to add to it?

    Thank you, and take care. You are truly inspiring.


  7. Ken Kowalsky says:

    Hi Andrew

    I'm Jeff's father, he passed your book millionaire teacher on to me. I'm 75 years young and was being stiffed by the mer's and after reading your book I started really examining my porfolio and the so called financial adviser who was looking after my interest or should I say his interests. I discovered it's nearly impossible to make any money their way when they take over 5 grand each and every year for sending me a statement pretty expensive. he never called me once I had to call him! I bit the bullet and sold everything and put it into the couch potato index, you know I read about this couch potato idea years back but it seemed to simple, oh how I wished I had moved on it then. But now is now. I did this back in July and already I'm ahead the game and completely comfortable.

    Question I'm 70% bonds, 15% Canadian, and 15% World, I know bonds are more safe at my age but should the money invested be evenly balanced so when rebalancing your balancing equal dollars?


  8. Ron says:

    Many thanks Andrew

  9. Karim says:

    Hi Andrew,

    I truely enjoyed reading your book. You provide very sound and logical advise in a very simple way that can be understood by anyone. I wish this was available ten years ago. I hope people do take this simplistic view of personal finances and follow-through and not get tied-up with all the more complicated products thrown from the financial industry.


  10. Be'en says:

    Hi Andrew

    The updates and resources provided here are priceless. I had downloaded your older version of the 9 Rules and read it. Subsequently, I read your book which was, like your blogs, very readable.

    The book expands well on the topics covered here and if someone does not have the time to read the book, the information provided here is enough for someone to get started to follow an investment strategy that's recommended by the likes of Warren Buffet.

    Love your articles at the "Assetbuilder" site, too!


  11. Jim Brady says:

    excellent Andrew great up date, have read your book also. It should be part of every high school curriculum in Canada.


  12. Curt says:

    Hi Andrew,

    Thanks for the Nine Rules. Reading your book earlier this year helped me make the decision to take back control over my investments. I had been investing on my own for about 15 years when I decided that I was ready for professional help because I felt like a professional would help me make better returns. After reading your book and a few others and looking at how much I was paying for "professional" help I realized that the only person I was helping was my advisor and not myself. He had me in a "diversified" portfolio of 52 funds!!! After moving to Vanguard we have reduced that to 5 funds and I have been very happy with my returns. It is even more impressive when I consider the money I save by NOT paying for "advice." Thanks for the motivation and thanks for the abreviated version of the Nine Rules. It will be easy to pass this on to some of the younger folks I work with as I have already passed your book on to someone I think will benefit from your advice! Thanks again,


  13. David Beasant says:

    Excellent advice but wish I had read it and followed it many moons ago.

  14. Marc says:

    Hi Andrew,

    Just 2 words, "Great Book"

    If I have read your book as early as it was being published. I wouldn't have bought the mutual funds that pay exorbitant admin charges to the financial advisers.

    I will do my part to send your reports to people whom really want to retire not having to worry about daily expenses.


  15. Bill Glave says:

    Excellent reference materials for all investors! Have bought and read and reread your book, and again have used it as a reference. Only negativity is that we (my wife also) are retired, and are seeking incomes opposed to capital gains. Very few blogs, websites etc address this specific area. I.e. Your suggested portfolio is great for the investor seeking growth, but , unless one is prepared to rebalance every time a withdrawal is needed on a RRIF, it is not very useful.

    I do enjoy your blogs, so keep trucking!

  16. Luca says:

    Thanks Andrew

    The report was quite helful and refreshing after reading your book a month ago—I believe that it provides a realistic picture even for novice investors like me who have just started testing the investing arena.

    Thanks again and look forward to more of your works


    Luca Caruana

  17. Patti Smaldone says:

    Many thanks Andrew!

    I enjoyed reading your book, yet appreciate the "recap" here. In an arena where I doubt my every decision and move.. I welcome some trusted advice to educate myself. I also love your writing style! It keeps my attention and focus, and explains investing in a way I can understand.

    Thank you,

    Patti Smaldone

  18. PattiSmaldone says:

    Many thanks, Andrew!

    I enjoyed reading your book, yet appreciate the "recap" here. In an arena where I doubt my every decision and move…I welcome some trusted advice to educate myself. I also love your writing style! It keeps my attention and focus, and explains investing in a way I can understand.

    Thank you, Patti Smaldone

  19. Linda says:

    Andrew, many thanks for the updated 'Nine Laws to Financial Freedom!' I want you to know that many of our family members and friends have benefited from all of your research and from reading your book. Frankly, the 'Millionaire Teacher' should be required reading for every high school student. You have laid out a road map for everyone to manage their finances successfully and simply so they have time to focus on the real important things in their lives.

    Andrew, thank you so much for all the work you have done to help others!

    Best regards,


  20. Steve F. says:

    Your writing is simple, informative, inspiring and easy to follow allowing a persons financial decisions to be made with confidence. After reading your "Nine Laws to Financial Freedom" report, I immediately bought your book on amazon. I look forward to teaching my daughter to be financially secure by the age of 30 as you did. Thanks, Andrew. Good thoughts to you, always.

  21. Matt says:

    Andrew–Another well written article. My father has read your book, but still falls for the malarky that his financial advisor (and long-time friend) feeds him (such as the fact that he better keep his annuities, which are underperforming indexes, because if Obama is re-elected, we will see another market crash like 4 years ago). I sent him this article in hopes he would focus on the simple, but important information in Laws 5 and 6.

    It is amazing how people cannot separate their emotion from their money, even when they read your simple, straight forward writing on how investing should be.

    • Thanks Matt,

      If there were such a thing as predicting stock markets based on past elections, then your dad's advisor would certainly be barking up the wrong tree. In Kenneth Fisher's book, Markets Never Forget, he outlines some patterns of stock markets based on elections. Your dad's advisor has obviously never read it. Instead, your dad's advisor is suggesting that if it rained last Saturday, it will rain this Saturday, instead of wondering whether it will snow in November a few times, because history suggests it has. In truth, when a Republican is elected, the markets generally lurch. But in most cases, when the public realizes that the pro-business politician isn't making the headway they expect, the markets generally fall. Democrats, typically, have the opposite effect. When they get elected for a first term (this would be Obama's second) the market often responds downward, but when the public sees that the President isn't killing business, the stock markets generally rise nicely through the term. Democratic terms have historically produced far better returns than Republican terms in the stock market. Who would have thought? Check out this fascinating read:

      I think every investor should check this out, for its myriad of incredibly researched gems. Having said that, only a knucklehead advisor would truly suggest an investment strategy based on who he or she thinks will win an election. Such smoke and mirrors keep him in a job I guess. Too bad your dad's guy has it backwards.

  22. Cole says:

    Andrew, Yours was the first book that sparked my interest in personal finance and led to the exploration of many other finance topics. Thank you and keep up the good work!

  23. Steve says:

    Hi Andrew,

    You asked for my opinion.

    I am giddy that you tossed out the old rule #9 in this update. You knew that stock picking goes against the Dharma from Bernstein, Bogle, Bogleheads, Burns, Schultheis, Malkiel, Buffet, Swensen and Solin who all recommend to us ordinary investors to stay away from picking individual stocks.

    Your contributions to the investing public are: (1) presenting an international perspective, (2) encouraging the younger reader that they can be a millionaire by age 40 by starting early and learning to invest. (3) At the beginning of your book you were very personal about who you are, how you began learning about investing and showing how you found the money to invest through frugal living. While the indexing strategy content and argument of the passive over active management has already been written by the above mentioned authors, (4) your writing style provides a refreshing look at the indexing strategy aimed at novices, who might be turned off by the conventional personal finance books.

    Have a great weekend,


    • Thanks Steve,

      If I write another book, perhaps you might want to help as a drafting consultant. Your feedback is great! You can tell how many people on Amazon appreciated it.



  24. Steve says:

    Sure, I was never a drafting consultant in my life, but then again, I didn't know what a mutual fund was until 45 and didn't know about indexing strategy with low cost funds and viable asset allocation until 55.

    I'll be happy to help.

    Talk soon,


  25. WinnieLee says:


    Your massages are simple to understand. For a non English mother tongue speaker I have no problem to understand them. The facts are disclosed while fund managers will not tell you. It's very informative and I learn a lot from there.

    Thank you.

    Winnie, singapore

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