Amazon.ca:Customer reviews: Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School

22 Comments

Anand

Outstanding book!

January 30, 2017

Although I have purchased a lot of books from Amazon, this is the first time I have thought about writing a (brief) review. If you have not started investing, this is a must have book. Even if you have started investing, this still is a must have book. The author minces no words in quest for political correctness and drives the point home in simple and effective manner. Further, the advice is backed by solid academic and real world market evidence. I came out feeling absolutely confident after reading this. Please go for it. You will not regret it.

8 people found this helpful

Stop what you are doing and read this book right now.

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Abel

April 11, 2017

This is a book I wish I read 10 years ago (or as soon as it was released!). It's a guide to simple financial freedom, no magic tricks or get rich quick scheme. Sound financial advice for everyone at any stage of life but specially for young people who are even less aware (or interested) in what the future holds. If you have a teenager in your life this is a gift they will never forget, same goes for people in their 20's. If you're past these years, this will also work for you, a lot better than any bank ever will. You just won't have the same amount of time to make your savings grow but nevertheless, better than any other advice you'll ever get. Happy savings!

4 people found this helpful

A plain honest book for novice investors on Stock Market Indexing

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Jaffer-Maniar

April 26, 2017

The Millionaire Teacher is a book for all kinds of investors, especially young investors about getting started to invest in the stock and bond market while keeping fees and commissions to a minimum.

The Author focuses solely on buying index funds and index ETFs this keeping your portfolio simple yet diversified.

Therefore this is not a book for picking stocks or mutual funds or getting rich quick.

It is a well researched book with citations after each chapter. I believe the author is honest in his approach. However just like everything in life, what suits one investor may not be wholly effective for another.

The 2016 version is updated to include Indexing strategies for Canadians, British, Australians and Singaporeans. The author has done a great job in researching each market and providing relevant information. Though I feel fund recommendations will need frequent updating with market conditions.

The book is a keeper for me.

3 people found this helpful

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Sonya

Easy to read

October 23, 2018

Easy to read. Practical advice that is easy to apply. Backs up investment ideas with facts that are easy to understand for investors of any level. I agree with the author that this concept should be presented to everyone - starting in high school considering today’s average level of financial literacy is low. However if you’re looking to beat the market, this is not the book for you.

Ideal intro to personal finance. Manage your money for fun and profit.

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Satori Wholesale

July 21, 2015

Great introductory book to personal finance. If you've ever wondered how that guy with the average-paying job down the straight has so much money, this book is for you! It's a fantastic introduction to how to invest on your own behalf, and STOP asking your local bank for their recommendations.

The only person that benefits from your success in investing is you... so you need to learn how to manage your money yourself for the best results. Since I bought this book in late 2014, I've made over a 10% return on my portfolio while making buy/sell orders on less than 5 occasions. Hallam will teach you how to structure a similar portfolio, why crashes are some of the best things that can happen to you, and how to hedge against risk as you grow older to retire in comfort. I happen to agree with the author - this should be taught in grade school.

If you're looking for something simpler: check out Rich Dad Poor Dad. If you're looking for something more complex: try The Intelligent Investor.

3 people found this helpful

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_Faust_

Good for all ages

September 14, 2015

So simple even a sixth grader can grasp. Round out your knowledge base with a mutual funds for dummies book or start with that and you're set. There's no get rich quick here, just a solid plan for steady wealth building and the strategy presented, if adopted en masse could buttress against stock market crashes created by speculation and bubbles so it's good for the individual and good for the whole. Obviously you're betting on the market as a whole to perform long term and the question is whether the North American economy will continue to grow as it's done for a century and you do learn from the book that the growth of some overseas economies have outpaced the growth of their stock index, so if stock prices should ultimately reflect a company's value then you wonder if our stock markets will continue to soar ahead of GDP growth. Nevertheless the principles are sound for example buy low sell high. Kinda makes you see conspiracy in wars as the market had always plunged at the outset of wars and the whole equity market underperformed through Vietnam. Anyway, excellent book, and also check out the footnotes/references and recommended reading.

Great read for anyone who invests

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Amazon Customer

September 1, 2019

I bought this book thinking I would take a few points away for my own investment strategy. What I came out with was a whole new perspective. I invested in mutual funds at a young age and followed everything the bank advisors told me. This book really opened my eyes. I've changed my entire investment strategy from this book and have seen the results. This is a must read for young investors and for those who have been misled for so long.

This book comes highly recommended in the various financial forums on Reddit

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Mr Garnish

April 21, 2016

This book comes highly recommended in the various financial forums on Reddit. I bought it because I was tired of paying high MER's for my mutual funds and wanted to better understand self directed investing. This book is written for a financial idiot like me. After reading this book, it strengthened my resolve to transfer our meager investments into ETF's using a discount brokerage and I couldn't be happier. I then urged my wife to read it and finally, my 14 year old son. My son, after reading this book, was eager to open his own account and begin depositing his meager savings into it. I explained that I would have to open it on his behalf and do his investments on his behalf until he was old enough to take over.

I strongly recommend this book and wish that my parents had taught me more about investing when I was young enough for it to have made a difference.

Simple to understand with loads of information

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Rhonda

January 30, 2014

This book has many ear marked pages now that I've finished it! It's a good book for beginner to intermediate investors & those wanting to know where to start. I read this over a week or so, took in an abundance of information & it reiterated what many books have said before it. Start early, save & forget about trading & financial planners! It shows you how to go about monitoring your own investment (once a year) & stresses the ease at which money can grow given time & regular deposits into the appropriate fund.
Give it a read! There wasn't anything useless about this book even for the more advanced investor....it's a reminder & step back to when managing money was easy!!

One person found this helpful