#60: Andrew Hallam grew a million-dollar investment portfolio on a schoolteacher's salary by his mid-30's.
In his bestselling book, Millionaire Teacher, he describes these nine lessons in detail.
He shares these nine rules on this podcast, and his ideas are so substantive that -- for the first time -- I decided to release his interview as a two-part series.
In last week's episode, Andrew shared the first three rules of building wealth. This week, Andrew dives into the final six rules that can turn middle-class people into millionaires.
Here's a sneak peek:
• #1: Learn how to think and spend like a millionaire. • #2: Start investing early. Time is your greatest investment ally. • #3: Choose low-cost index funds. Small fees pack big punches. • #4: Understand your inner psychology. Conquer the enemy in the mirror. • #5: Learn how to build a balanced, responsible portfolio. • #6: Create an indexed account, no matter where you live. • #7: Don't resign yourself to taking this journey alone. • #8: Inoculate yourself against slick sales rhetoric. • #9: If it sounds too good to be true, it probably is.
These rules may sound simple, but our discussion took an advanced turn. Andrew and I dive deep into thorny topics like hedge funds, casinos, and human psychology.
Enjoy this two-part series, and don't forget to check out Andrew's excellent book, Millionaire Teacher.
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