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How Did This Teacher Become a Millionaire?

A little over a month ago, I was contacted by Andrew Hallam, the author of “Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School“. He complimented my site and thought that his new book would be a valuable resource for my readers. After having a read, I agree with him 100%.

Andrew Hallam is a high school teacher with a modest salary, but was somehow able to amass over $1,000,000 before his 40th birthday. How in the world did he do this? Well, Andrew explains his methods perfectly in his book and I really suggest that you purchase it and give it a read. Here’s a little taste of what it’s about.

Small Percentages Pack Big Punches

Do you currently contribute some of your paycheck to mutual funds? Do you have any idea what percent of your money is going toward fees? Chances are, you’re losing more money to fees than you think. After all, it’s in your advisers best interest to suggest mutual funds that pay them the most – it really doesn’t matter how much you earn through the fund. Their paycheck has no bearing on the success of your retirement account.

Do you know what typically beats every mutual fund out there, plus the fees are ultra low? Index Funds. Andrew Hallam is in love with index funds and for good reason. There are hardly any fees taking away from your earnings, plus each of these funds simply track a regular index (like the S&P 500 or Nasdaq), and over the long haul, these indexes average an increase of over 10%!

Think about it. Just by investing with index funds, Andrew, a high school teacher, was able to raise his retirement accounts to over $1 million in less than 20 years of investing!

Avoid Seduction

We are all susceptible to scams, especially when they promise a large return in a short time frame. What if you had a friend that was earning 50% on his investment year after year. You might think that it’s a scam for sure, but what if you see his cash right in front of your eyes? Would you give it a shot? I bet most of us would. Andrew, an obviously wise investor, was even sucked into the hype (and of course, the company went bankrupt and was unable to pay the investors). Rather than continually hunting for those unrealistic returns, we need to force ourselves to stay on the proven straight and narrow path of investing. If we stay focused and avoid seduction, we’ll find ourselves counting our millions in no time.

Learn the Rest of the Rules!

If you’re interested in becoming rich later in life, I would strongly suggest that you read Andrew’s book. I’m making absolutely no money from this recommendation; I simply think that it’s an excellent read for those that want to maximize their retirement earnings.

Happy Reading!!



My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.


  1. This is the perfect story that needs to be promoted on a national scale. I feel that people on ‘modest’ salaries tend to keep their head down (financial planning-wise) and concentrate on the now, and consumption, and keeping up with friends, rather than crunching the numbers and discovering that after 20 years of saving, their interest payment could be larger than their salary!

    • Very true Jack! This story is pretty rare these days and people should take note of how simple it actually was! And, we can all do it!

  2. Never thought that index funds pay off more that of mutual funds. I’m curious about this book and dying to know his secrets. Thanks a lot for sharing this opportunity!

    • Yep. Those mutual funds cost more than you think! And, the smartest people don’t even know where the market is going tomorrow. We all have our guesses, but in acutality, a monkey throwing a dart can choose stocks just as good if not better than the “pros”. 😉

  3. I read about him recently. Sounds like a good book I will check out.

    • Definitely check it out. It’s a good read. Very informative.

    • Lol. You should be reading books! It’s definitely better than learning by your mistakes! 😉

  4. For those who do not have the time or the knoweldge to follow stocks, index funds are the best alternative and Andrew does a good job explaining the how to.

    • I’d say if you’re not studying the stock market for at least 2 hours per day, go for the index funds.

  5. I definitely need to read this book! You don’t have an extra copy, do you? 😉

    • Ha, sorry. I only have the one copy and I’ll be lending it to someone else very soon!

  6. Sounds like a pretty interesting book. I’ve heard some good things about it from other sources, and I’ll definitely have to give it a read in the near future.

    • Definitely take a look at it! I’m sure you’ll learn quite a lot from this read!

  7. Everyone knows teachers do not make much money, but he was able to save and earn that much in 20 years is great. If a person who is paid modestly can do that, it means everyone can!

    • It is pretty impressive isn’t it? I’m ready to do the same. Early retirement sounds good! 🙂

  8. It is amazing how much money people can save when you watch what you spend and spend significantly less than you earn and invest the rest. I have run across many opportunities because I spend significantly less than I earn.

    • Very true. When you live well below your means, you can soon pay off all of your debts and invest quite heavily for the future!

  9. If we can only follow all the things Andrew Hallam did, we will all be a millionaire. I think, all we have to do is to live the life in smartest way as possible.

    • You’ve got it Kari. We just have to live frugally while making smart financial choices along the way. Thanks for the comment!

  10. Ok, this is amazing info! I honestly didn’t know that about index funds but am just getting started with investing. I need to read his book! Thanks for the info!

    • Glad you stumbled across the article! Looks like you’ve got a chance to become a future millionaire now!! 🙂

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