How to Get Rich

Daisy Chan, of Woman’s Day magazine, profiled me, along with two other people who turned a small amount of money into…more than a small amount.

Self-made fortunes all begin the same way: with a good idea and some startup cash. Steal these savings tips from three millionaires who made a little into a lot.

Winning the lottery is everyone’s fantasy, but the better bet is on a plan that relies more on pluck than luck.

 “You can become wealthy if you’re disciplined, consistent and patient,” says Andrew Hallam, who pulled it off on a teacher’s salary.

 These qualities are especially important when you’re starting out and trying to save the money needed to get your business idea (or investment strategy) off the ground.

 

 Read more in this Woman’s Day magazine article

 





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 (2nd Ed. Wiley 2017) 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, Privacy Policy and the Comments Policy.

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2 Responses

  1. Rich B says:

    Good article Andrew and even better comments that gave me a good chuckle before bed. Some people just don't get it. I won't quote them all but the one that blew me away was the girl who had to move in to her boyfriends to make the new car payment……I have friends who over burden themselves with car payments they shouldn't have as well. Some people WANT now without having to put in the initial sacrifices !

    I figured it out with alittle guidance from yourself and Dan bortolotti. Live within my means. The rest goes into the savings. Invest it lazily and excersise alittle patience. After a short amount of time I am debt free and my savings are growing!

    Thanks for everything!

    Ps. No new car for me even though my income would definitely support one!

    Rich B

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