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My Favourite Takeaways – Millionaire Teacher and FREE book giveaway

 

When I first heard about Millionaire Teacher, I was excited to get my hands on it.  Now that I have, I couldn’t imagine not owning this gem of a book in my personal finance library.

Want your own copy of Millionaire Teacher by Andrew Hallam?  Read on!

Millionaire Teacher doesn’t preach nor beg you to change your ways.  It lays out nine simple rules, rules about wealth you should have learned in school.

Two main themes run through Millionaire Teacher.  The first, most of us lack financial literacy.  It’s not our fault, our educational system and our financial system are flawed and have been working against us for decades.  The second theme, money has been a taboo subject for way too long; the subject of money is undeniably essential yet few of us want to talk about it, learn about it or understand it.  This is far from ideal.

“Did your parents share how long it took them to pay off their house, and what factors affected this?”

“Did they explain how credit cards worked, and where and how they invested their money?”

For most of us, the answers are “no” and “no”.  As Andrew Hallam writes:

“Without a sound financial education, students can graduate from top universities with starry academic titles, but with little more financial knowledge than an eighth grader.”

Instead, we should take charge and get control over our financial lives.  Why?  Poor financial management causes too many people to fall into bad habits, weak investments and bad credit.  Instead of your money working hard for you, you’re working hard for the money.  Besides folks, nobody cares more about your money more than you do, except maybe Andrew Hallam!

Before Millionaire Teacher was launched, I followed Andrew Hallam’s blog for a few years now from Singapore.  His blog is outstanding.

Andrew is a Canadian, who lives in Singapore and teaches high school english there at an American School.  Andrew didn’t grow up rich or even wealthy on Canada’s west coast.  His dad was a mechanic.  His mom worked part-time at a retail store.  In his teens he learned the value of money and learned it wasn’t a necessity to have a high paying job in order to build wealth.  Before Andrew’s 20th birthday, he started to invest and he hasn’t stopped since.  The vital lessons Andrew has learned over the last two decades, the rules of wealth creation that were never taught in his school, have allowed him to become a multi-millionaire on a teacher’s salary.

The way I see it, if Andrew Hallam can do it, so can we.

Millionaire Teacher is full of charm.  Andrew tells stories, mostly his own but includes others who have applied his nine rules and are much wealthier for it.  It’s a clever book.  It’s a funny book.  The book doesn’t overwhelm you with facts and figures but it does provide some meaningful statistics that reinforce why his nine rules are so important for us to apply.  His book is a history lesson in the markets without being dull or boring.   Andrew is an educator.  This book is written for you, not at you:

“I needed a different vehicle to extend my teaching, so I created this book with help from more than 100 of my friends and colleagues.  Continuing to hold free financial seminars, I probably did more questioning that lecturing to find out what the average university-educated person understood about money so I could teach to the broadest possible audience… The result is this book:  written by a millionaire teacher who listened closely to his students.”

(from Introduction section)

Millionaire Teacher is your guide to understanding the wealthy, how they think, how they act.   The wealthy don’t drive the best cars nor covet material goods. Rather, they follow a basic recipe of living “within your means”, saving and investing wisely for tomorrow.  I have read few books that distill the path to wealth creation as simple, straight-forward and as witty as Andrew Hallam has.

I encourage everyone to get their copy of this book like I did, so you can avoid being schooled by the financial industry and others who want your money.  Better still friends, stay tuned to my blog because I’m going to be giving away a free copy of Millionaire Teacher to one lucky reader!

In my next post, Part 2 of my Favourite Takeaways – Millionaire Teacher, I’m going to provide you with an overview of his nine rules of wealth creation and some great excerpts from Andrew’s shining book.

Do you have a copy of Millionaire Teacher?

If not, do you want a free copy? :)

With this blogpost and the next two that will rave about Millionaire Teacher, I’m going to tally up comments and tweets to randomly select one lucky reader or tweeter to send them a FREE copy of Andrew Hallam’s book just in time for Christmas!

There are a few ways to enter:

  • 1 entry point: Leave a comment on this post telling me what you liked about this book or why you want it.
  • 1 entry point: Retweet this post. If you do, you must include “@myownadvisor” in the tweet so I can find it or you must add the tweet timestamp in the comments below.   
  • 1 entry point: Link to this post from your site, to your readers.  Again, please let me know about this link in the comments below so I can add your point.

Entries will be accepted until midnight December 11, 2011.  From a long list of entries I’ll use Random.org to choose our lucky winner!  Good luck!

And oh, by the way, just in case entries on My Own Advisor are not enough, my friend over at Dividend Ninja is also giving away his copy of Millionaire Teacher.  If you’ve been a subscriber to Dividend Ninja, you’ll know Ninja has referred to Andrew’s articles quite a few times – rightly so.   Check out Ninja’s outstanding review of Millionaire Teacher Review: Part-1.

Stay tuned to my blog for Part 2 later this week!

Filed in: Authors & Books

61 Responses to "My Favourite Takeaways – Millionaire Teacher and FREE book giveaway"

  1. Echo says:

    Nice review! I just started reading this book and I love what I’ve read so far. Good luck with your giveaway.

  2. thePaperboy says:

    The book sounds like a great read. Hopefully I can win the book so that I can learn all the tricks to live within my means haha. I’m really interested in reading the lessons that he learns from his own life and hopefully I can learn from them as well.

    I also linked this post:

    http://makingthatpaper.blogspot.com/2011/11/millionaire-teacher-giveaway-at.html

  3. Hey MOA,

    Nice review, and the whole Taboo Subject over money is ridiculous isn’t it? Imagine if my folks had of sat me at the dinner table and told me the perils of credit cards, how to be frugal, or how to invest in a dividend stock… Can you just imagine where I would be today? That’s what I like about Andrew’s book, he is encouraging people to think about money early before it’s too late!

    And thanx for the stellar mention btw, I’ll be sure to update your review into my post as well :)

    Cheers

    • @Ninja,

      Thanks for the kinds words about the review!

      Yeah, I know. If I understood how to manage my credit card in my early 20s, knew about dividend-paying stocks 20 years ago in my teens instead of now, I could be almost retired. I know it.
      Alas, it is NEVER too late to learn :)

      Thanks for your comment and don’t worry about the mention! Hopefully folks head on over to your site to win your Millionaire Teacher copy!

  4. @Echo

    Thanks Echo, hopefully lots of comments to follow. Enjoy the book, I know you will.

  5. Lazy Investor says:

    It would be the very 1st book in my personal finance “library”! Eh that’s a good reason! I could for yours too MOA :)

  6. Barb says:

    I would like to win this book to give to my son. He is 22 and has recently graduated from University. He is more of a saver type, but lets the bank keep his money, paying zero interest, which really bothers me. He was lucky enough to graduate without debt, with a substantial amount of savings.

    Actually I would also like to give the book to my second son, who is 20, but I don’t think he would read it. He likes to spend…..he also goes to the casino and gambles, which really bothers me.

    I have always talked about money with my 3 kids, it was second nature to me. But my second son says that investing in the stock market is gambling (when I tell him he shouldn’t spend his money at the casino). And you know, given the past decade’s returns (I am still down from 2001) I think maybe he is right……

    The thing we have to fight the most, is the heavy advertising by the financial industry, mostly banks, that they will take care of your money for you. Just go in and talk to them. Young people hear these commercials all the time and may believe it.

  7. Jenny says:

    It sounds like a very helpful book. I want to read this book to learn more about living within my means.

  8. karen says:

    i would love this book so i can learn more about finance!

  9. Diane says:

    I so agree about the point of the lack of financial education in the curriculums of our school system. We teach subjects far less useful in our everyday lives, yet neglect the very one that can lay a solid foundation for our futures. It is never too early or too late to learn.!!!!!!
    We need more books like this one.

  10. Zee says:

    I’ve been thinking about dumping my financial advisor and start to do my own investments. Based on all the positive reviews of the book, I thought index investing would be a good place to start.

  11. I definitely agree that it’s a great book. I remember writing a similar comment on TWC’s blog a few months ago (PS do you know what happened with him?). My complaint as a teacher that hopes to be a millionaire is that now he has taken away a potentially catchy title from me!

  12. I came across Andrew Hallam’s blog a few months back and looking forward to his book. I am looking forward to reading this reading for tips that are are applicable to an average Canadian.

  13. Be'en says:

    My two kids, who are adults now, are totally ignorant about money-management. Andrew’s book could do the trick..

  14. Peter says:

    Just in the process of setting up a discount brokerage account and trying to do it on my own with a little help. I think the book would be a great help, along with the info. I’ll been reading about on your blog.

  15. @Barb

    Thanks for the great comment Barb, you’re in the draw!

  16. Thanks so much for the plug and the kind words Mark! This book is currently rare. It has sold out on Amazon Canada and Amazon USA. I’m getting emails every day, asking where people can get copies. And you have one to give away! Very cool!

    The printers are whirling with more copies as I type. There’s another print run being done in Singapore, and two more print runs in New Jersey. I’m glad that one of your readers will be winning one of the books…before they come off the latest press!

    Thanks again!
    Andrew

    • @Andrew,

      No problem, thanks for writing a stellar book. Yes, your book is a rare find in this part of the world!!!

      Stay tuned for Part 3 next week. I’m looking forward to giving away your book to a very lucky follower!

      Cheers,
      Mark

  17. Jane says:

    As a teacher and not a “finance person”, my interest in a book like this is easy: It sounds like something I can both relate to and understand. Please do consider me for your drawing — if you accept entries from those of us in that big country to the South of y’all. And I do mean South…

  18. Won En says:

    I have managed to do very well for myself over the years and like Elvis, “I did it my way”. Whenever I could read unbiased investing advice I gave it careful consideration. Long ago I learned that if I got one good idea from a book then that book paid for itself. I have never forgotten a lesson I learned as a boy in the Royal Navy. Don’t gamble on roulette wheels and cards. If you gamble, study the topic before parting with a penny. I have won the lottery hundreds of times because I never buy the tickets. My favourite investing advice comes from The Canadian Money Saver magazine which Dale Ennis could have given a better title but he could not have given it a better quality. We were as poor as church mice for many years and my children had no choice but to learn the need to spend wisely. Learn the difference between needs and wants. Now I am old but seven figures helps to make living much easier. People say “it takes money to make money” but I going to tell you that a good helping of common sense, lost on many of today’s youth, is a vital component to financial success.

    Finally, if your credit card is not automatically paid in full by the due date, get rid of it. If you can’t pay for it, don’t buy it. As for don’t pay until 2013 … Bah! Humbug! … you’ll pay!

    • @Won En,

      Wow, huge kudos to you – teaching your children to spend wisely. “Learn the difference between needs and wants” So very true. Investing is very much about common sense and getting out of your own way. Actually, maybe most of life is like that! ;)

      Thanks for your great comment and hope to see you again here soon!

  19. Venise says:

    A few years ago I did setup a discount brokerage account and I’m happy to say I’m doing well. But I still have lots to learn and the book would be a great item in my tool box. Wish me luck!

  20. I grew up in BC and was lucky enough to be taught by Andrew Hallam. He is an inspiration on many fronts, and his book is a Must Read on my list.

    Robin Poirier

    • Hey Robin,

      Great to get some personal insight into Andrew and his book. He has been a good financial mentor for me, no doubt about that!

      Andrew’s book is absolutely a must read, I hope the book goes to someone who will really enjoy it!

      You’re in the draw!

  21. John says:

    I want to read Hallam’s book because I am really into Personal Finance…and making sure i have a guide book to financial wellness. Don’t have the book and hope to win it here! THx

  22. petra says:

    I’d like to read this book because I’m trying to educate myself and learn as much about investing as possible. I don’t want to have to rely on a financial advisor for every decision.

  23. Pedro says:

    I am interested in this book because my wife keeps telling me that I should save more for retirement, but I don’t really know where to begin.

  24. Michael says:

    I’m interested in seeing how this compares to The Wealthy Barber. Thanks!

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