It’s September! If you’ve been listening to the show for the past few months, then you know that I’m on what I’ve dubbed my September Sabbatical, in which I’m traveling the globe and taking a break from podcast production.
In light of that, we’re digging through the archives and airing some of my favorite interviews on the show, in between airing interviews I’ve done on other podcasts.
If you missed the last episode, you might want to listen to it before diving into this one, as Andrew and I go into the finer points of investing here.
Seriously. This is one of the most in-the-weeds shows I’ve done to date.
If you’re playing catch up: Andrew Hallam is a teacher who became a millionaire in his 30s and reached FIRE in his 40s. His starting salary was $28,000 – net.
If you want to know how he did it, and what his first three rules of building wealth are, then listen to episode 212.
Otherwise, tune into this episode, where we review his six other rules that can turn middle-class people into millionaires:
- Understand your inner psychology. Conquer the enemy in the mirror.
- Learn how to build a balanced, responsible portfolio.
- Create an indexed account, no matter where you live.
- Don’t resign yourself to taking this journey alone.
- Inoculate yourself against slick sales rhetoric.
- If it sounds too good to be true, it probably is.
While these rules sound simple on the surface, Andrew and I go way beyond that, talking about hedge funds, human psychology, and casinos.
This was a favorite among listeners back in 2017 and it’s one of the most enjoyable interviews I did. I hope you enjoy!
P.S. – We’ll return to our regular podcast production schedule in October!
- Millionaire Teacher, by Andrew Hallam
- The Investor’s Dilemma, by Louis Lowenstein
- Your Complete Guide to Factor-Based Investing, by Larry Swedroe and Andrew Berkin
- A Random Walk Down Wall Street, by Burton Malkiel
- HFRX Hedge Fund Indices
- SPIVA Performance Scorecard
- Portfolio Visualizer
- The Hulbert Financial Digest, from Mark Hulbert
- HowJSay — pronunciation guide
Connect with Andrew:
- Andrew’s blog
- Millionaire Teacher on Facebook
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