The Nine Rules of Wealth You Should Have Learned in School
Obviously, being a former teacher, there is no chance I would pass up a book with the title Millionaire Teacher!
I was not disappointed.
I know a lot of people have a desire to invest in shares but have a road block because they don’t understand it or don’t have any clue as to where to start.
This book is your answer.
Millionaire Teacher is an excellent guide for learning about investing in shares. Andrew doesn’t try to teach you how to ‘beat the market’ or how to ‘pick the best shares’. This book teaches simple strategies for how to invest in the share market without having to be a financial expert. Andrew explains how the share market works and how to invest in a simple and systematic way that minimises risk and maximises returns.
There are no fancy strategies or trading going on here. In simple laymen’s terms, Andrew explains index funds, bonds and exchange traded funds (ETF) and how to invest in them.
He outlines specific strategies and funds that can be invested in, in America, Canada, Great Britain, Singapore and Australia.
What surprised me was how simple investing can be, and Andrew has such a relatable and down to earth nature. I especially enjoyed how he uses Willy Wonka and the Chocolate Factory as an analogy for how the stock market works.
I found this book very practical and informative. I especially appreciated the information on why it is important to invest in low cost funds and how paying higher fees can have a significant effect on the return of your investment. Maybe I’m a little bias because of my former occupation but I love love love that Andrew was a school teacher and not only did he educate himself and take responsibility for his own finances he also went out of his way to educate others. What a guy!
Seriously ladies, if you want to learn how to invest in the share market and do it in a simple and effective way that minimises risk, get this book and join in for book club this month so we can talk all about it and learn together.
Book Club Meeting
When: Tuesday 30 June @ 830pm AEST
Where: Go to the Money Mindful Facebook page >>click here<<
I go live on the page at 830pm. You just have to show up to the page and join in the conversation. If you can't make it live I always post the replay on the page below.
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