Millionaire Teacher: North America’s Best Selling Investment Book?

While watching yesterday’s Time Square New Year celebration, a Facebook survey revealed the top 10 New Year’s resolutions. 

 Number 2 was no surprise—losing weight.

But the number 1 resolution surprised me: saving more money.

My publisher at John Wiley & Sons claims that January is a big month for personal finance books, as many people start their “New Year, New Me” personal campaigns to strengthen their finances.  With the recent economic crisis and the recession, it does appear (if the Facebook survey is an indication) that people are hungrier than ever to get their financial ducks in line.

As I’m writing this, the only Personal Finance book in the top 10 for both Amazon USA and Amazon Canada is the book written by little ol me:  Millionaire Teacher.

My biggest risk, when writing Millionaire Teacher, seems to be paying off.  I went international.

I tried to hit an American audience, and I’ll be outlining some of my book’s finance tips on CNN Television’s Your Bottom Line, with Christine Romans, next Saturday.

And the book reached a Canadian audience as well, which you can sample on Calgary Today’s QR77 Radio, where I’ll be speaking at 2:30pm Pacific Time on January 2, 2012.

Although my book’s timeless investment lessons are the same regardless of the country you live in, I wanted to specify exactly how Americans, Canadians, Australians or Singaporeans could utilize these lessons with brokerages they could use.

Perhaps no other Personal Finance book on the market has done that.

 Millionaire Teacher is the only Top 10 investment book transcending Amazon’s charts in Canada and the United States.

 I’ve had huge support as well.

The latest comes from Tradestreaming’s Zack Miller who named Millionaire Teacher the Best Personal Finance book of 2011.

And of course, Scott Burns continues to sing my book’s praises.  Here’s the legendary finance writer’s review in the Seattle Times, for January 2, 2012.

Everyone who reads this book, I believe, can become a Millionaire “Teacher” if they pass on what they learn.  The title, of course, is a double entendre.

We can all help others reach their financial resolutions for 2012.

Have a great year everyone!




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Andrew Hallam

Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (Wiley 2011) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions. However, please read the Terms of Use.

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7 Responses

  1. Awesome stuff Andrew.

    This thing is getting HUGE! 🙂

    I hope to tune into the show later today, from Calgary. I will stream it on my PC.

    Thanks for the reminder to pay forward what I learn, regarding my financial lessons learned. That also includes the great rules in your book!

    All the best in 2012!

    Mark

  2. TN Robert says:

    We always knew you were international, Andrew, now everybody knows it! Congrats on the success.

  3. G says:

    Hi Andrew,

    I was reading Money Sense magazine while half asleep and turned the page and read “When I lived on Vancouver Island in 1999, I started a investment club with a number of fellow school teachers” and looked up to see a drawing of my grade 7 teacher staring back at me. I was shocked. The guy who I remember racing on a tandem bike with his wife and jumping on desks and telling stories that would keep the sufferer of the highest case of A.D.D glued in anticipation is also a very accomplished writer and investor. I immediately ordered your book from Amazon and hammered through the book in a couple of days. This book is the investors version of the Wealthy Barber, knowledgeable yet straightforward and easy to read. I loved how you compiled the best of many books while using concrete facts rather then stipulation like most investing books. Also, having the game plan laid right out of what index funds to buy depending on what market you are in. Makes everything sound so easy.

    My money sense isn’t that great. Though I am self-employed and like reading about the world, economies, industries and finance I have a hard time pulling the trigger on investments that I have no control over. I watch the stocks on my phone but have never bought any, just relying on my financial adviser, which as you know loves to sell items that won’t help me like GIC’s and mutual funds. In reading your book I now know that I have a lot of better options.

    I just have a few questions regarding getting started. I think I am going to open a e-series account at TD Waterhouse which should be easy. What I am not sure about is when I should switch my money over? Right now I have $500.00 a month that goes into a BMO Fund Select Growth Portfolio and about $15,000 I get as a bonus around Christmas amounting to about $60,000 now. If I cash out now I will have made about a 7% return in 3 years not including the 2.56% MER so the money has really done nothing. All the money is in a RRSP and I won’t be touching it until I retire with no pension.

    I looked at the graphs for the TD Canadian Bond Index (TDB909) and it seems to be near a 1 year high, the US index (TDB902) seems to be about the same, the Canadian index (TDB900) seems to be about average, and the International index (TDB905) is about average as well. Should I just shovel the money into the index’s and let the markets do what they want and just make sure that I have the assets allocated 38%Cdn. index/37% int. index/25% cdn bonds as I am 25 years old or should I wait until a downturn in each of the markets and invest when it is low? If I should wait for the market to drop should I put it in something like the BMO Canadian 144 ETF that though it is through BMO it has a low MER at 1.01%?

    Glad to hear that you and Pele are doing great Congratulations on your success.

    Thanks for your help,

    G

    • Hey G!

      You have to tell me your name. You definitely remember my teaching antics pretty well but you have me really curious now!

      If you sell your investments and then try to wait for a "better" moment to buy, you'll be trying to practice something called "market timing." That could go either way for you, so I don't recommend it.

      When you sell, make sure you have a place for that money right away. In other words, you'll be going "market to market". If the markets are high when you sell (I'm not saying they are) you would sell high and buy high. If the markets are low, you would sell your current investments and switch into the indexes at a low level.

      I don't believe that the markets are overpriced at all. Twenty years from now, you'll likely be thrilled at what the markets levels were at today.

      It was fun to read that you were one of my students. How about this? Write a quick Amazon review of my book, at this link, and use your real name.

      http://bit.ly/mtreviews

      You could just paste some of what you have written above–you certainly wrote me a fun message. I can't wait to see it!

      Thanks!!

    • Hey Garth,

      David Dixon, my webmaster buddy who runs the site, just told me your last name. It's funny. I was running home from work and your last name jumped into my head. And I was convinced it was you before I got home.

      I didn't mention before how thrilled I am to see that you're saving so much money at such a young age. Great stuff Garth!

      In my mind, I picture what you looked like when you were 12. But I guess you've changed A LOT over the past 13 years.

      It's great to hear that you're doing well!

  4. Hey G!

    If you're going to make me guess, based on your age, I'm going to say this is Garth (based on the hint of the "G") But I taught two Garths one year…Garth White and….jog my memory! I can picture both Garths, actually. I can see their faces. Having said all this, you might not even be one of them. Help me out!

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