Podcasts about millionaire teacher

Episode #264: This week on Balance Your Life podcast I am joined by Andrew Hallam. Andrew is one of the world's most prolific financial wellness speakers. Over the past 16 years, he has given hundreds of talks in over 30 different countries espousing research on financial wellness, sound investing and life satisfaction. He has been investing in the stock market for 32 years, having built a million-dollar portfolio on a schoolteacher's salary when he was in his late 30s. Andrew is the international bestselling author of Millionaire Teacher and Millionaire Expat.  His latest book is Balance: How to Invest and Spend for Happiness, Health and Wealth.  On this episode we talk about pursuing the idea and concept of money from a holistic perspective, how to accumulate long term wealth and financial stability, and where to start even if you are in debt. We also discuss how to find the balance between saving for your future, and living your best life, tools you can use to help you on your financial freedom journey, and so much more! Spread the love by sharing this podcast withyour friends and family! Don't forget to subscribe to the channel so you never miss an episode, and I would love if you took a moment to rate and review the show!Thank you to Feedspot for naming Balance Your Life Podcast as a Top Canadian Podcast (top 3!) and Top Ontario Lifestyle Podcast (top 2!)-------------------------------------Connect with Meghan: Instagram | TikTok | YouTube | WebsiteTo Email the Show: podcast@balancebymeghan.comConnect with Andrew: Website--------------------------------Join me by practicing yoga and fitness in the comfort of your home! Click here for my YouTube channel.------------------------------------------                               Access the Yoga Mama Journey: Journey to a Happy and Healthy Pregnancy and Baby Program and Guide here.--------------------------------------------Shop My Favourites: Where I share and link my favourite products, brands, skincare, beauty and wellness products (with discount codes!)------------------------------------------Use code BALANCEBYMEGHAN15 at checkout using thislink to receive 15% off your order at the Detox Market Cananda.

On this episode of the addy podcast, co-founder Stephen Jagger speaks with Andrew Hallam, an internationally acclaimed personal finance journalist, speaker, and best-selling author of Balance: How to Invest and Spend for Happiness, Health, and Wealth, Millionaire Teacher, and Millionaire Expat. Andrew's expertise has been featured on CNBC and in The Wall Street Journal. He's also a prolific columnist, having written for The Globe and Mail, MoneySense, and other leading publications. Andrew Hallam - https://andrewhallam.com/ addy - https://addyinvest.ca/ Disclaimer Purchasing investments made accessible through addy will unless otherwise indicated be conducted by by registered dealers (including, in the case of exempt market products, exempt market dealers), registered or exempt funding portals or directly by issuers of securities. The information provided on addy's website, webinars, blog, emails and accompanying material is for informational purposes only. It does not constitute or form any part of any offer or invitation or other solicitation or recommendation to purchase any securities. It should not be considered financial or professional advice. You should consult with a professional to determine what may be best for your individual needs. Forward-Looking Statements Some information contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). The use of the words "intention", "will", "may", "can", and similar expressions are intended to identify forward-looking statements. Although addy believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since addy can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and addy does not undertake any obligations to publicly update and/or revise any of the included forward-looking statements, whether as a result of additional information, future events and/or otherwise, except as may be required by applicable securities laws.

Learn More About Attending the Highest Rated and Most Reviewed Business Workshops On the Planet Hosted by Clay Clark In Tulsa, Oklahoma HERE: https://www.thrivetimeshow.com/business-conferences/   See the Thousands of Success Stories and Millionaires That Clay Clark Has Helped to Produce HERE: https://www.thrivetimeshow.com/testimonials/   Clay Clark Testimonials | "Clay Clark Has Helped Us to Grow from 2 Locations to Now 6 Locations. Clay Has Done a Great Job Helping Us to Navigate Anything That Has to Do with Running the Business, Building the System, the Workflows, to Buy Property." - Charles Colaw (Learn More Charles Colaw and Colaw Fitness Today HERE: www.ColawFitness.com)   Download A Millionaire's Guide to Become Sustainably Rich: A Step-by-Step Guide to Become a Successful Money-Generating and Time-Freedom Creating Business HERE: www.ThrivetimeShow.com/Millionaire   See Thousands of Actual Client Success Stories from Real Clay Clark Clients Today HERE: https://www.thrivetimeshow.com/testimonials/   See Thousands of Case Studies Today HERE:  www.thrivetimeshow.com/does-it-work/  

Our next interview will be a catch up with the Sloth Investor prior to his book release so we are re-releasing our previous interview. This episode was originally released on 26 October 2021. The Sloth Investor is an advocate of a simple, inactive approach to investing. Growing up in a family of non-investors, Mr. Sloth's head was turned by the sage wisdom of investing luminaries such as Andrew Hallam (author of 'The Millionaire Teacher'), Morgan Housel, and, last but not least, his father-in-law. Consequently, Mr. Sloth's 5 bedrock principles represent a compound creation of all that he has read, listened to, and discussed concerning investing.

In today's episode, Patrick Donley (@JPatrickDonley) sits down with R P Stevens to discuss his new book, The Sloth Investor. You'll learn about his investing journey and how he developed his SLOTH investing philosophy, what the 5 bedrock principles of SLOTH investing are, how he goes about constructing a globally diversified portfolio, how he thinks about his financial freedom number, what his biggest takeaways have been from his guests on his podcast, and so much more! R P Stevens is the author of the forthcoming personal finance book 'The Sloth Investor'.  The publication date is Friday June 28th. The book is an insightful beginner's guide to investing where R P Stevens teaches readers how a 'sloth-like' approach is the rational, evidence-based roadmap to investment success. The Sloth Investor's 5 Bedrock Principles of Investing provide an actionable pathway for anyone looking to grow their wealth.  Originally from the UK, R P Stevens currently lives in Hong Kong with his wife and two children. IN THIS EPISODE, YOU'LL LEARN: 00:00 - Intro 01:57 - What R P's investing journey has been like and who his biggest influences have been 15:47 - How his investing philosophy has evolved over the years 16:39 - Why he decided to write The Sloth Investor  24:07 - What the 5 bedrock principles of SLOTH investing are 30:49 - How he goes about constructing a globally diversified portfolio 37:03 - Why optimism is so critical for investors 43:44 - How R P thinks about his financial freedom number 51:39 - What his biggest takeaways from his podcast guests have been And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. R P Stevens' book, The Sloth Investor. Andrew Hallam's book, The Millionaire Teacher. Morgan Housel's book, The Psychology of Money . William Green's book, Richer, Wiser, Happier. Ben Carlson's book, A Wealth of Common Sense. Lars Kroijer's book, Investing Demystified. Eric Balchunas's book, The Bogle Effect. Jonathon Haidt's book The Coddling of the American Mind. Bill Perkins' book, Die with Zero. J L Collins' book, Pathfinders. Check out the books mentioned in the podcast here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Airbnb Range Rover Meyka Fundrise NetSuite Connect with Patrick: Twitter | Email Connect with R P: YouTube | Twitter | LinkedIn Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

In episode 28 of the Sloth Investor podcast, we interview Andrew Hallam, author of the books 'Millionaire Teacher', 'Millionaire Expat' and 'Balance'. One of the highlights of the conversation for Mr. Sloth was when Andrew recounts his experience of meeting Warren Buffett and another of Mr. Buffett's VERY famous friends. Watch my video summary of Andrew's book 'Millionaire Teacher', the single most influential investing book that the Sloth Investor has read https://bit.ly/3GmpIKn Watch my video summary of Andrew's book 'Balance', a book that features prominently in our discussion: https://bit.ly/3jAXHWM Please subscribe to this channel to keep up to date with the latest content from the Sloth Investor. Subscribe to my YouTube Channel: http://bit.ly/3Xx4DU5 Subscribe to my fortnightly Substack newsletter: https://theslothinvestor.substack.com/ Follow me on Twitter:   / sloth_investor  

Dans ce 53e épisode, je fais la synthèse du livre « Milionaire Teacher » de Andrew Hallam publié en 2017 à partir de cinq éléments clés à retenir : 1. Envie ou besoin? 2. Les rendements composés… encore! 3. Les fonds indiciels 4. Discipline! 5. Diversification!   Abonne-toi pour soutenir mon travail et obtenir un épisode supplémentaire chaque mois : ⁠⁠⁠⁠https://podcasters.spotify.com/pod/show/financesfondamentales/subscribe⁠⁠⁠⁠   Je t'invite aussi à suivre la page Facebook « Finances Fondamentales - éducation et investissement » pour avoir accès à l'image synthèse de l'épisode et pour me poser tes questions. Page Facebook : ⁠⁠⁠⁠https://www.facebook.com/profile.php?id=100088196588852⁠⁠⁠⁠   Tu pourras également y consulter l'analyse fondamentale des compagnies de la semaine, soit : 1) Semler Scientific (SMLR), 2) West Fraser Timber (WFG .TO) et 3) Arista Networks (ANET).   Gmail: ⁠⁠⁠⁠Financesfondamentales@gmail.com⁠⁠⁠⁠   Avertissement : Je ne suis pas conseiller financier. Tu dois effectuer tes propres recherches et développer TA littératie financière avant d'investir. Les informations communiquées dans le podcast sont dans un but strictement éducatif et ne constituent pas un conseil d'investissement. Je ne suis pas responsable de tes décisions financières personnelles.

Dr. Kevin Mailo welcomes Dr. Nour Khatib back to the show to share her insight into personal finance and finding happiness. Dr. Khatib has an MBA and worked in the finance sector before returning to medicine as an emergency physician, which has given her educational and practical knowledge on physicians and finance.Nour Khatib talks to physicians about burnout and wellness because, she said, digging into those topics made an impact on her and she wants to share that learning with her colleagues. Part of happiness is finance and she has some key pieces of advice to share. Advice for those just getting started, because it's never too late to caretake your personal finances, but also advice for those already on their financial journey.  In this episode, Dr. Kevin Mailo and guest Dr. Nour Khatib talk all about personal finance, from what incorporation means to compounding to diversification. Nour explains the time value of money, why everyone needs a team of experts to assist their financial aspirations, and how diversification can reach beyond the public markets into the public sector. The conversation is full of book recommendations, practical tips, and also real questions around what makes us happy and how finance is only one part of that equation.About Dr. Nour Khatib:Dr. Nour Khatib MD CM, MBA is an enthusiastic and dynamic emergency physician and financial professional with keen interest in Quality Improvement, Patient Education and Global Health. She completed her family medicine training at Sunnybrook Health Sciences Center and did further training in emergency medicine at the University of Ottawa (CCFP-EM). With extensive experience and a professional record as a financial and business analyst, Dr. Khatib has excelled in both international and local firms with determination, hard work, and resourcefulness. Utilizing a broad acumen in healthcare, finance and business practices, she aims to solve issues regarding the quality of healthcare and the patient experience.Resources Discussed in this Episode:Physician Empowerment “Episode 5: Med School Dropout with Dr. Nour Khatib”“Millionaire Teacher” by Andrew Hallam“The Wealthy Barber Returns” by David Chilton“Beat the Bank” by Larry Bates“The Value of Simple” John Robertson, PhD“The Millionaire Next Door” by Thomas J Stanley, PhD and William D Danko PhD“The Millionaire Mind” by Thomas J StanleyThe Happiness Lab with Dr. Laurie Santos podcast—Physician Empowerment: website | facebook | linkedinNour Khatib, MD CM, MBA: linkedin __TranscriptDr. Kevin Mailo: [00:00:01] Hi, I'm Dr. Kevin Mailo and you're listening to the Physician Empowerment podcast. At Physician Empowerment, we're focused on transforming the lives of Canadian physicians through education in finance, practice transformation, wellness and leadership. After you've listened to today's episode, I encourage you to visit us at PhysEmpowerment.ca - that's P H Y S Empowerment dot ca - to learn more about the many resources we have to help you make that change in your own life, practice and personal finances. Now on to today's episode. Dr. Kevin Mailo: [00:00:35] Hi everyone. I'm Dr. Kevin Mailo, one of the co-hosts of the Physician Empowerment podcast. And today I am absolutely honored and excited to have Dr. Khatib, Dr. Nour Khatib, joining us again for another great episode. And today Nour is going to be talking a little bit more about her financial journey and some of the fundamental aspects of finance that every physician, regardless of their stage of practice, needs to understand. And for those of you that do not know Dr. Khatib, she wears a lot of different hats. But the big thing is that she is a physician like us. She's an emergency physician, but she had a career before medicine. She practices not only in the GTA, but also northern Ontario in remote, and she does do some international work as well. Dr. Khatib also has.... well, maybe you want to describe it for us, Nour? Why don't I just, why don't we just break there and I'll let you just talk and share what you do, where you're at. Dr. Nour Khatib: [00:01:35] Thanks so much, Kevin. I really appreciate the introduction. And thanks for having me tonight. Dr. Kevin Mailo: [00:01:39] I'm not very good at these. Not when they get this long. Dr. Nour Khatib: [00:01:43] No. No. I thought you did great. Dr. Kevin Mailo: [00:01:44] Such highly accomplished guests on the show, so I'm just going to have to let you do it yourself. Dr. Nour Khatib: [00:01:48] You're too kind. You're too kind. So over the last couple of years, I also started speaking to physicians like myself about burnout and wellness. And I know you're all rolling your eyes because I did, too. But I really feel that it's something that's affecting all of us. And I decided just a few years ago to stop rolling my eyes at things that are labelled wellness or labelled well-being and really start to dig deep and try to learn what that means. And it really made an impact on me and I wanted to share with my colleagues. So I've been invited to give talks about wellness and burnout in physicians. And so if you need to reach me to help out with your group, I'm happy to as well. Dr. Kevin Mailo: [00:02:28] Awesome. Okay, let's start. Tell us a little bit about your journey, Nour. How did you get from here? And for those of you that don't know the earlier episode, I think it's episode number five on the Physician Empowerment podcast, was a deeper introduction to Nour's background, but it's entitled Med School Dropout, so a really great story and by all means go back and listen to it. But for now, just tell us how you got to where you are. Dr. Nour Khatib: [00:02:54] Absolutely. It's entitled Med School Dropout for a reason, because actually, I was a med school dropout. So basically what happened is, I had gotten into med school at a very, very young age, wasn't sure that it was for me, and ended up two months in quitting and going into business. So I in fact, did a finance degree. I worked in finance for Pratt and Whitney Canada, which is an engine airplane engine manufacturer. And there, that's where did my MBA at the same time. All in all, at the same time, always thinking what if, what if, what if, what if I had continued? What if I had not left? What if I had a different path? And at that point I thought to myself, If I don't try now, I never will. And I'll always be second-guessing and I'll always be wondering. So decided to risk it and quit the business life that I was working in and ended up going into medicine and absolutely love the fact that I left the first time. And I'm very, very grateful for being able to come back the second time. And in that career, though, in that path, I learned quite a few things about finance that I actually was never taught in my finance degrees. So there's a lot of things that real life teaches you and not your degree, not your piece of paper, not the textbooks. Dr. Kevin Mailo: [00:04:11] Good. Love it. One theme that's already popping out is the notion of the lifelong learner. I mean, we talk about continuing medical education throughout our careers, but it sounds like, you know, this has been a, you know, a big personal journey for you. Dr. Nour Khatib: [00:04:27] Absolutely. And I would say the first ten years, I didn't not learn personal finance. But then once you start making money and wanting to know what do I do with it, that's when you start learning personal finance. And it's not really taught well in business school. It truly isn't. I believe it was an elective and one elective in the entire four years of the bachelors. So it wasn't even mandatory when truly it should be something mandatory for everyone in every field. Dr. Kevin Mailo: [00:04:56] Awesome. Awesome. Okay, continue. Share. Share your journey with us. Dr. Nour Khatib: [00:05:01] I remember graduating and thinking, okay, great. It's June 30th. I'm ready to take on the world. I, you know, no longer does anyone have to sign the bottom of those charts. And, you know, these patients are now mine and these decisions are now mine. And I felt great about it until I realized, Oh, damn, these patients are now mine. These decisions are now mine. And I have no, there's very little hand-holding, especially when it comes to outside of medicine in terms of what do we do next? Who do we talk to next? So July 1st really felt overwhelming, especially the month after July 1st when you start actually making some income and realizing, okay, when do I incorporate? How do I invest, who invests my money and how much do I save and how much do I even invest? And what do I even mean by investing? So I spent the first two years after graduating, doing a lot of learning on my own. And honestly, it taught me more about finance and personal finance than I ever learned in business school. Dr. Kevin Mailo: [00:05:59] Wow. Wow. Dr. Nour Khatib: [00:06:01] So exactly what you said, the lifelong learning thing. And I'm still learning. I still got a few books that I want to get through to learn more about it. And I'm telling you, a finance degree and an MBA did not teach me any of these personal finance pearls that you need, in fact, anytime. Dr. Kevin Mailo: [00:06:17] Let's stop there and I'll just share one reflection that I'm having is the fact that you don't have to have an MBA to be great at personal finance. You don't have to have a background in real estate to be a real estate investor. You don't need these things necessarily to be successful in this space. I'm not, I don't believe in do-it-yourself, not one bit, but you need to have at least the tools to be able to interact in the world of finance, and those can be acquired through self-learning. Dr. Nour Khatib: [00:06:49] Absolutely. The tools, the drive and the curiosity. And I would say curiosity is the big one. You have your best self-interest in mind. And so if you're, you know, if you're not putting pen to paper and trying to learn on your own, and I know we all lead busy lives, but we're leading them for a purpose, right? We're leading them not just to work the 12 hour days that some of us do. It's because we want a better life for our families, because we want to retire eventually, we want to have a better life or enjoy what we're doing or earning. Right? And who better to try to sort that out than yourself through learning about how to do that? And so the first things I asked myself after is, okay, so what about this debt that I have, and when do I incorporate, when do I not? The first thing is get your tribe in order. And who's your tribe? It's going to be your accountant, your lawyer, your financial planner or advisor, and get the right people in your circle to advise you appropriately. I'm not saying become an accountant. I'm saying you need people around you that know things, more than you do, not everything can be DIY. I completely agree, Kevin. There are some things that can and some things that can't. And accounting is definitely one of them. Dr. Kevin Mailo: [00:07:59] Wealth creation is a team sport. Wealth creation is a team sport, in my opinion. Dr. Nour Khatib: [00:08:04] Absolutely. Absolutely. And so when it came to debt and incorporating, I spoke to my accountant and we literally ran the numbers together. He was very, very patient with me and went through, okay, this is what happens if we incorporate now, this is what happens if we incorporate later. This is how much you need to save a month in order for it to make sense that you incorporate. So just keep listening to them, keep learning, keep looking that up, and just be curious about it. And whether you're two years in, six months in or 15 years in, don't think of the years that are lost. That's what we call in finance sunk cost. That's not going to help if you think that way because there's still the many, many years ahead that you can help renavigate yourself in the right direction. Dr. Kevin Mailo: [00:08:48] What an optimistic message, right? Because I think there's a lot of us out there who look back and go, woulda, coulda, shoulda. And I think that's all of us in some aspect of our financial lives. But the truth is, it's irrelevant to worry about past financial mistakes or I shouldn't have bought so much house or, you know, I missed out on this investment opportunity, or I wish I learned about real estate sooner in my career. You know, you can go endlessly with those kinds of questions, but I don't think it's helpful. I think what's helpful is looking at the here and now saying what's the best decision I can make for my life, for my family and for my future? Dr. Nour Khatib: [00:09:19] Absolutely. And I mentor a couple of students from U of T, and what I've told them is here is here's what I wish I knew. And one of them was learn about what it means to incorporate. Even if you're a few years in it's good to know, it's good to know what you can expense, what you can't expense and what it means to incorporate. We all think that it's just a way to save us some taxes. No, there's a lot more to it than that. And there's a lot of things that we can learn at any stage really about incorporation. Dr. Kevin Mailo: [00:10:12] Love it. Love it. Okay, keep going. Dr. Nour Khatib: [00:10:14] The next question I asked myself was, okay, so who invests my money? I mean, with a finance degree and an MBA, shouldn't I be investing my money? But I felt like I wasn't sure, wasn't capable, wasn't, wasn't sure if I wanted to, to do that on my own. So what happened is I ended up actually interviewing six financial advisors. It was a period of like three months where I met six different financial advisors, met with them, talked to them, and learned what they can offer me, what they can help me with. And in the end, what was right for me personally was I ended up doing the DIY investing route, but I hired a financial planner who helped me make some decisions that made sense for me. Okay, so I still, even though I had and I can tell you my job title at Pratt and Whitney Canada was financial planner. So, but I was a corporate financial planner. But regardless, I still needed that hand-holding, that guidance to help me decide what I need to do and look at like retirement planning and all that. So I still hired someone to help. So again, the degrees don't really help you with this stuff? It's you. It's your curiosity. And trust me, this information is not beyond our intelligence whatsoever. You as physicians, you're very intelligent people. You're very curious people. You will be able to understand these concepts with just a little bit of curiosity and a little bit of time, you'd be able to understand these concepts. Dr. Kevin Mailo: [00:11:44] My own reflection on this as well, when we're talking about wealth creation is a team sport, is make sure that as you build your team, the people you know, your accountants, lawyers, real estate professionals, financial advisors, portfolio managers, whoever it is you're working with, make sure they're accessible for you. Because in the end, you pay them and you should feel comfortable asking questions, including the so-called stupid questions, the really basic ones, where you're like, Actually, can we roll this back? I don't understand what you're saying, but I feel like it's important. Can you explain it to me? And I've learned over the years it took me a while to just go ahead and ask the questions that are popping into my head because these folks, they want to help. Right? And they can't help if they don't know what the issue is. So, again, you know, it sounds like you found somebody, Nour, that you can work with who meets you exactly where you're at. Dr. Nour Khatib: [00:12:39] Absolutely. And so how did I decide on this person? First off, for me, I was looking at someone who was accessible, someone who would answer my stupid questions, because I had some, and someone who, of course, their costs were low. And for me, the fee-based financial planner was perfect for me. I was comfortable doing some investments on my own, but I just needed help, guidance, help with guidance on retirement planning, budgeting and things that really I never really looked into before. So that was in the end what did it for me in terms of how I picked the person that I picked. So it was the financial planner, the accountant, the lawyer, and I made sure that all three of these were people who were accessible and responsive and would answer any question that I had, right? And for me, the accountant was ideal for me to make sure that I have someone that I trust and that I can and that other people have vouched for. So I found him through word of mouth because I actually spoke to other accountants who I felt were more interested in how much business they were making themselves. And you can get that if you meet them face to face or whether it's virtual, you can get that sense and, you know, really go with your gut when that happens and you realize it's not a long-term relationship, you can always change if anything, if anything happens or you don't feel comfortable with them again. Dr. Kevin Mailo: [00:14:03] Absolutely. Absolutely. So, you know, you have all this background in business, years and years of training and you worked in finance. Tell us the big lessons you learned about money and personal finance. Dr. Nour Khatib: [00:14:17] Sure thing. Absolutely. Here are some things that in seven years of business school, what I've learned mainly about personal finance and there are three concepts I think everybody should know in any field. Okay, so we'll start with the idea of compounding. So compounding, it's basically the process in which an asset's earnings are reinvested to generate additional earnings over time. So for example, if you are investing, if you are making, if you're investing $10 and then you make an extra dollar above that, the compounding is what that $1 will make in the future. It will be compounded for more and more. So it's really an exponential growth. Investments will generate earnings from both your principal, so your $10, and the accumulated earnings from the interest part, which is the $1. And so that, over time, is an incredible exponential growth. And the power of that idea of compounding is so significant that if I give you an example of like there's, here's an example of one investor who starts at the age of 25. She sets aside $5,000 a year for ten years. And that's it. At age 34, she stops. Then you've got a second investor who starts at 35, so starts ten years later than her, and he puts in $5,000 each year for 30 years and he stops age 65. Believe it or not, the first investor that only invested for ten years does better in the end at age 65 than the second investor, and that is because of the power of compounding. That's not because investor one was smarter than investor two or invested their money better, with someone better than investor two, it's literally about the amount of time. So when do you start? Now or yesterday. And don't feel bad that you haven't started yet or that you, um, or that you haven't looked into this yet. Just start is my biggest take, my biggest learning lesson. Dr. Kevin Mailo: [00:16:18] Wow. I love it. So. So what's this related concept of time value of money? Dr. Nour Khatib: [00:16:23] Yeah. So the other concept that they teach you and they hound you in business school is the time value of money. Basically saying that the value of a dollar today is worth more than the value of a dollar in the future, mainly because the money you have today, the money that you get today can be invested and therefore can make more money in the future. So I'd rather have $100 now than $100 a year from now because in that one year, I can invest it and make more money. So that's the time value of money. Money today can be invested and therefore has potential to grow. And so it's worth more. And it's used to make some strategic long-term financial decisions, such as whether you invest in a project with certain cash flow versus another cash flow. So, you know, like when they tell you, well, if you win the lottery, would you like the lump sum now or would you like it over a few years? So people use time value of money calculations to try to make that decision. And it really it's compounding and the time value of money together are very, very similar concepts. Dr. Kevin Mailo: [00:17:25] I love that. Absolutely love that. And I mean, this also even just is, you know, a reflection of our personal spending. Right? Like spending on consumer goods or what have you, I mean, it's out the door, right? And that, it's not just the value of that dollar that was spent now on consumer spending. It's what it could have bought you 10, 20, 30 years down the road when it's been compounded. And that's always the calculation that runs in my head when I consider like, do I really want this like widget? Dr. Nour Khatib: [00:17:55] Absolutely. And you have to think to yourself, like how much, when I start thinking like that, I go through a rabbit hole and then I don't want to pay for anything. But then you think to yourself what marginal benefit or marginal happiness is this going to get me? Dr. Kevin Mailo: [00:18:08] Yeah, right. Love it. Dr. Nour Khatib: [00:18:10] Is this widget going to bring me more joy in the future or is it going to give me immediate joy for the next ten minutes and then once I get used to it, the joy is gone? Dr. Kevin Mailo: [00:18:17] Yeah, totally, totally. Love it. Keep going. Tell us what else you learned. Dr. Nour Khatib: [00:18:22] So the third aspect that they teach you in business school is diversification. So diversification basically means it's a strategy where you're not going to put all your eggs in one basket. Okay? So what that means is you mix a variety of investments or a variety of different things in your basket so that if one does poorly, you're not at a huge loss because when one does poorly, sometimes one does better or one stays the same. And so it's a strategy that mixes a wide variety of investments within a portfolio in an attempt to reduce the portfolio's risk. So diversification is most often done by investing in different asset classes, like, for example, in stocks and bonds and real estate. And so when you mix that up, then the risk of that portfolio is actually reduced. So buying investments in different countries also is a type of diversification, industries, sizes of companies, and so that's also a concept that business school really hounds. And in fact, in a lot of classes in business school, they make us go through the calculation of trying to figure out how many stocks do you need in order to have a diversified portfolio. And if you look at some of these indices nowadays, there's like 12,000 stocks in them and whatnot. Right? But in fact, it's only a handful. It's about 30 stocks that you need in different industries and different companies and different types of companies that will help mitigate risk. And so you can mitigate that diversifiable risk. Dr. Kevin Mailo: [00:19:56] And what about diversifying outside of the public markets? Because I mean, we've seen we've seen a big market correction this year or last, beginning last year. And a lot of physicians, you know, come to us asking about private equity and whether that's startups or real estate projects, people are looking to diversify. It actually, if you look at the numbers, there's a lot more money being made outside of the public markets in the private markets than there is in the public, than there is, you know, on the stock market, if you want to call it that in its simplest term. So how do physicians diversify there? Right? Because there are pitfalls associated with it. Dr. Nour Khatib: [00:20:36] Absolutely. So there's many types of diversification. You can diversify within the stock market, whether it's bonds or stocks or, you can diversify within that. But then what you're saying is go externally and that's another level of diversification. So absolutely, if you have the luxury of being able to access markets that are outside of, you know, the public domain, then that is a different, that's a type of diversification. As long as you're not putting all of your eggs in that one thing. Dr. Kevin Mailo: [00:21:02] Exactly. Dr. Nour Khatib: [00:21:03] That's a type of diversification. Dr. Kevin Mailo: [00:21:05] Yeah. I mean, I often deal with physicians who are very keen to join in certain real estate projects, and I will often tell them to exercise some caution about like, don't put so much money into this, you know, if it's really going to hurt to lose it or if you're not, even if you're not going to lose it, but you're just not going to sleep well at night, you really haven't added to your well-being by making such a big gamble. And the other thing that, you know, I'll reflect on in the private markets is that physicians are very, very privileged because of our high incomes. We are almost all of us are accredited investors. And an accredited investor means, is a category that allows you to join in the private markets in a way that the general public cannot access because their income is not high enough. And those rules were set up to protect essentially middle and working-class folks from getting swindled in private equity deals. And so there is risk. But at the same time, there's a lot of upside because there's a lot more money that's made in the private equity sphere than the public markets potentially. But there has to be a lot of due diligence and caution exercised there as well. Dr. Kevin Mailo: [00:22:14] So again, it's just, it's that notion of diversity can be a lot bigger and a lot more three-dimensional than just picking a wide spread of stocks. The other reflection, and this is something that, you know, I kind of learned from Wing was, you can diversify within an asset class that you're comfortable with, right? So if you love real estate, you can own reits which are publicly traded. You can own reits that are privately traded. You can own your own doors and manage them yourself. You can invest in private equity deals and real estate projects where you are a limited partner and you're hands-off. You can even consider your personal residence to be a part of that diversification as well. Right? So again, it's kind of wrapping our heads around the idea of diversification being more than just, you know, a spread. And to allude to what Nour said earlier is like, you know, we sit there and you look at the staggering array of different stocks you can buy in the market, but there aren't necessarily a lot that are wildly different from one another when you're trying to diversify. Dr. Nour Khatib: [00:23:15] Absolutely. Agree with everything you've said. And then the fourth concept, though, is with increased risk, increased return rate. When you have got a lot of risk, you might have a lot of return. Low risk, low return. That's another concept to think about. But as long as you're diversifying, whether it's public, private or a mix of both, as long as you have that in mind and you're comfortable with it, and keep in mind, you have to be very honest with yourself. Are you more of a conservative investor, more of an aggressive investor? And there is a ton of surveys out there that will help you decide that because you might not know yourself, right? Dr. Kevin Mailo: [00:23:53] Oh, I love that, actually. That's great. Dr. Nour Khatib: [00:23:55] These will help you decide what kind of investor are you. There are certain questions and behavioral questions that they can take you through and they'll help you decide. Yeah. And whenever you sit with a financial planner or you sit with a financial advisor, they'll go through something like that with you. But if you don't have one right now, that's it's fine to try to understand what kind of risk are you? Dr. Kevin Mailo: [00:24:15] Developing our own notion. I love that. Developing our own notion of risk tolerance and what we can live with. Right. Because, and I've said this again, I kind of rant on it, is like no matter how much money you're making, you really want to be sleeping better at night. That's one of the whole purposes behind money is not just to buy you things, but to buy you a sense of security and peace of mind. So if you're not enjoying your process of investing, then maybe you should reconsider something that fits more along the lines of you as a conservative investor or you as a, you know, an investor with a higher risk tolerance. Right? Because there's upsides and downsides to both. The other aspect to diversification and appreciating risk is the notion that, you know, when we are diversified, that means that not everybody's a winner, right? Like if you look at your basket of investments, if you are truly, truly diversified, it's rare that they're all going up. And it's great when things are going down in certain categories because others will go up. But psychologically, you have to internalize the fact that, yeah, well, if I really spread myself geographically or across different asset classes, then it's, you know, there are going to be times when, you know, certain asset classes underperform relative to others and be willing to accept that as part of the discipline of diversifying. Dr. Nour Khatib: [00:25:33] And you're constantly learning, you're going to learn about yourself. You're going to learn what your risk, your, you know, when it comes to real life, it might be very different from the survey you took to see what your risk level is. But that's the beauty of it, is that you're going to constantly learn and constantly adjust and just stay the course, stay, adjust, but stay the course, if that makes any sense. So it just is, navigate slowly but surely, as long as you've started. And I think that's the biggest thing I learned over the years, is that I just need to keep learning about it. I just need to keep going, keep learning about new asset classes or things, ways for me to diversify, ways I'll be comfortable with. And the learning never stops. And I hope that this kind of instilled a sense of curiosity in you, because I, I do have a couple of books that I would love to recommend to you and might recommend to your listeners. And they're books you may have heard of. And I've always had thought of reading, but I highly would recommend books like The Millionaire Teacher, The Wealthy Barber Returns, Beat the Bank or the Value of Simple. So those are the four books that I'm looking at and it talks a lot about investing. Any books, Kevin, that you highly suggest to the listeners? Dr. Kevin Mailo: [00:26:47] You know, like the ones written by Stanley Thomas in the 90s were foundational for me. They were called The Millionaire Next Door and The Millionaire Mind. He kind of wrote this millionaire series and he was a researcher, a PhD, and he did a lot of like quantitative, but also a lot of qualitative research. But really, I found those books to be so powerfully centering because society's concept of wealth, like what's projected on the media, social media advertisements, is very different from what real wealth looks like and that most people that enjoy an extremely high net worth, let's say, you know, people that are in the eight-figure range and up, they live a lot further below what you would think they do. And it's because fundamentally they haven't changed as a person. Right? And he summarizes his books by saying a millionaire is a cheap date, which means a millionaire can have fun, can enjoy life doing basic things. And not that you can't travel, not that you can't have nice vehicles, nice homes, all those sorts of things. But it's a centering and this grounding exercise. And so those books were very beautiful for me. It's something I teach my children, but it's being happy with what is now rather than always I want, I want, I want. Because that force, when we're in that position, we're spending today's dollars. And as you said earlier, Nour, the time value of money is so precious. Right? So I'd rather that money was compounding than a very transient joy or little dopamine hit from whatever little experience or widget I purchased. So it's funny, those books are, they don't teach investing, they don't teach anything about like making money. They're not even that relevant for the 2020s now. But there's a lot of wisdom there and a lot of universal truths. So, so those are the ones that I really, I really center on. Dr. Nour Khatib: [00:28:45] That's a great add. That's a great one. Dr. Kevin Mailo: [00:28:47] And there are lots of others I recommend whenever I teach but those are the first ones that come to mind. Dr. Nour Khatib: [00:28:53] You made me think of one of my favorite podcasts, actually. It's called The Happiness Lab. So the Happiness Lab by Dr. Laurie Santos. She's a psychologist at Yale. Oh, you're going to love it. You're absolutely going to love it. So every episode she talks about the science of well-being, the science of what makes us happy, and all these evidence-based studies that talk about what makes people truly happy. And the biggest thing that she mentions is something called the hedonic treadmill, the hedonic adaptation, basically the tendency of us mere humans to quickly return to a relatively stable level of happiness despite a recent positive or negative event that has happened. So buying that boat, eventually you'll go back to your stable level of happiness that you had before buying that boat. So just things to consider and things that I learned on that podcast were phenomenal. And adding to my, I would call it wellness wealth, I would say, because it's really helped. It's really helped. Dr. Kevin Mailo: [00:29:56] Your happiness bank. Dr. Nour Khatib: [00:29:57] My happiness bank. Yeah. And it's something that definitely I would add to your financial literacy because it really does help in making us decide on what's important and what's not important. Dr. Kevin Mailo: [00:30:07] And even just the bigger question of the pursuit of money because I think it is important. Money matters. That's why I teach it. That's why I try to live by some of these principles. But in the end, it's like, how much do you need? How much? How much is enough for you? Not looking at what society thinks we should have, not looking at our neighbors, our colleagues, you know, but really, it's that bigger question of what do I need right now to be secure and enjoy peace of mind and have the most amount of happiness? And when I teach it, I've got this little cute slide saying that money isn't the cake, it's one of the ingredients. And that's all it is. That's all it is. And another million probably isn't going to have a meaningful impact in most people's happiness. Dr. Nour Khatib: [00:30:55] Completely agree. Completely agree. When I teach my wellness talks, I tell them wellness wealth, one of the prongs is your financial goals. Dr. Kevin Mailo: [00:31:05] Love it. Dr. Nour Khatib: [00:31:05] One of the prongs of the wellness wealth is your financial stuff. But otherwise it's many different things. Dr. Kevin Mailo: [00:31:11] Nour, this has been absolutely phenomenal. I know we've got more, but I think we've got to wrap up. So that means we just have to get you back on the show again at some point in the future. Dr. Nour Khatib: [00:31:22] It would be my pleasure. Thanks so much, Kevin. Dr. Kevin Mailo: [00:31:24] You know what? It was just amazing. Every time we talk, I always love it, I always feel like I'm learning and not just like concepts, but the wisdom that you share. And for those of you that don't know, look Nour up. She does this incredible work in the space of workplace wellness, which I feel our profession needs now more than ever, because obviously things aren't getting better post-pandemic. So again, I encourage you to reach out to Nour for your group or your event. And with that being said, I want to wrap up and sincerely thank you, Nour, for joining us. Dr. Nour Khatib: [00:31:58] Thanks for having me, Kevin. Have a wonderful evening, everyone, and thanks for joining us. Dr. Kevin Mailo: [00:32:03] Thank you so much for listening to the Physician Empowerment podcast. If you're ready to take those next steps in transforming your practice, finances or personal well-being, then come and join us at PhysEmpowerment.ca - P H Y S Empowerment dot ca - to learn more about how we can help. If today's episode resonated with you, I'd really appreciate it if you would share our podcast with a colleague or friend and head over to Apple Podcasts to give us a five-star rating and review. If you've got feedback, questions or suggestions for future episode topics, we'd love to hear from you. If you want to join us and be interviewed and share some of your story, we'd absolutely love that as well. Please send me an email at KMailo @ PhysEmpowerment.ca. Thank you again for listening. Bye. 

Andrew Hallam is the international best-selling author of Balance: How to Invest and Spend for Happiness, Health and Wealth; Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School and Millionaire Expat: How To Build Wealth Living Overseas. Profiled on such media as CNBC, and The Wall Street Journal, he's also the first person to have a #1 selling finance book on Amazon USA, Amazon Canada and Amazon UAE. "Before my 20th birthday, I started to invest. By the time I reached my late 30s, I had enough money to retire. Yet, I still tap danced to work each day. But I had options: to quit, travel, volunteer or work part-time.  My wife and I now couple our passion for travel with talks around the world. I also continue to write for several publications, including AssetBuilder, Swissquote and Canada's National newspaper, The Globe and Mail. As you might have guessed, I no longer think about working “as little as possible.” Sometimes, I work hard. Other months, I choose to hardly work. I love this variety. It gives me choices as to where and how I spend my time." Check out our new website!https://www.financiallyindependentteachers.com/Sign up for FIT coachinghttps://www.financiallyindependentteachers.com/services-4

Decisions. Hiccups. Hindsight. Meghan and Lindsay reflect on their biggest money mistakes and what they would have done instead. We ALL make money mistakes. Here's just some of) theirs. LINKS: Andrew Hallum “The Millionaire Teacher” https://themillionaireteacher.com/  Black is the New Red: THE place to have Canadian money conversations! www.facebook.com/groups/blackisthenewred  SHOUTOUT: What was your number one money mistake, or money regret?? HOMEWORK: What can you TAKE ACTION on TODAY? Is there a decision that you need to make? Make it! And if you can't… find someone to talk to about it so that you CAN HOW TO GET IN TOUCH:Join in the conversation with 8000+ other Canadians (and finance industry pros) in Black is the New Red: www.facebook.com/groups/blackisthenewred DM Lindsay @ www.facebook.com/lindsayplumbmoneycoach  DM Meghan @ https://www.facebook.com/porterougeco    TL:DR Version  00:00:52 What is your number one money mistake? 00:01:30 If you look at the experts in any industry… they always talk more about the decisions that they DIDN'T make. Successful people make decisions. They make them with confidence, and they make them quickly. 00:02:00 So when I think about money regrets, it's almost always about the decisions that I didn't make, because I didn't have the confidence, or I didn't move fast enough, or I didn't seize the opportunity.  00:02:56 My biggest money mistake was co-signing on a loan for a boyfriend. I should have taken the bank's lead when they decided that he was not a person to lend money to. 00:05:00  But he was a used car salesman, and those types of people are hard to say no to.  I should have said no, and not given an explanation as to why my answer was no… because the more information you give these types of people, the more fuel they have to spin their stories. And it's hard when you are navigating relationships and when you are a person that just wants to help other people. 00:07:34 The other thing is that hindsight is 20/20. You make the best decisions that you can with the information that you have at the time. It's easy to look backward and see how you could have done things differently, but when you're in that moment, making the decisions, the decision you made was the best one at the time.  00:09:31 If you choose NOT to make a decision, against your gut instinct, you will probably find yourself wondering why you didn't decide sooner, when you finally decide. I could have progressed further in my career if I had listened to my gut. 00:11:55 I was listening to a really interesting video the other day by an incredible author named Andrew Hallum (his book is a best seller called The Millionaire Teacher) and he said that even the big wigs on Wall Street don't always make the right decisions. The difference between the rich and average is that the rich make MORE decisions.  00:13:10 People think there is some magic recipe or secret wand that all the experts have, and they don't… but the truth is that experts make a LOT of wrong decisions… and they learn from those wrong decisions, so that they can keep making more decisions.  00:15:19 When I am faced with a very difficult decision, it's helpful to me to think about the advice that I would give my kids if they were facing the same decision. Like… I'm super bossy and really good at telling OTHER people what to do. So when I pretend that I'm giving advice to someone else instead of deciding for myself, it becomes a lot easier. Option A, or Option B. That's it. Make a choice. 

Most people have one big passion in life. Something they love so much that they can't imagine not doing it. For many, this is their career. They pour everything they have into it and hope for the best. But what happens when your passion turns out to be financially unsustainable? You need to have a strategy in place for your financial well-being. This doesn't mean giving up on your passion but it does mean being realistic about the financial limitations.   In this episode we explore how best selling author of Millionaire Teacher, Andrew Hallam began investing on a modest income. His passion wouldn't provide financial security but didn't want to to give it up. So he made a financial plan. We discuss how you can follow your passion AND be financially literate. We also delve into the pitfalls of comparing yourself to others.   Learn more about how to make the most of your money while living a joyful life, your way. Grab a copy of Andrew's latest book Balance: How to Invest and Spend for Happiness, Health and Wealth and explore how to bring more balance into your life.   More on this episode at: https://go2.money/teacher

Author and financial journalist Andrew Hallam joined us from Menton, France for this episode. Andrew Hallam is an international bestselling author and one of the world's most prolific financial wellness speakers. He has given hundreds of talks in over 30 different countries on financial wellness, sound investing, and life satisfaction. He had built a million-dollar portfolio on a schoolteacher's salary by the time he was in his late 30s.  As a financial journalist, Andrew has written for numerous international publications, too many to name. He has been interviewed on the radio, multiple podcasts, and TV. Andrew and his wife are adventurous travelers. They cycled around Europe and Asia on their tandem bike and explored Mexico and Central America in their camper van. Andrew says: “Intelligent investing allows people to buy the only non-renewable resource they'll ever have: time.”Andrew is the internationally bestselling author of Millionaire Teacher and Millionaire Expat.  His latest book isBalance: How To Invest and Spend for Happiness, Health, and Wealth.  The guiding question for the episode was “How can international educators best set themselves up for financial success?” We covered a wide range of topics including advice for those new to international teaching, school retirement benefits, currencies in salaries, investing for non-American expatriates, countries welcoming retiring expatriates, and highlights of Andrew's books. This episode was recorded on September 27, 2022. Andrew's Contact Information: Andrew Hallam | Facebook Millionaire Teacher and Expats & International School Educators - Financial Advice   Categories: Finance | Recruiting | Nature of International Schools | Resources Mentioned in the Episode: Cost of Living Around the World at NumbeoInvesting Services for Expatriates Plan Vision by Mark ZorilRemember to access our Educators Going Global website for more information or to subscribe to our newsletter!Email us with comments or suggestions at educatorsgoingglobal@gmail.com Follow us on Facebook, Instagram or YouTube.Music: YouTube. (2022). Acoustic Guitar | Folk | No copyright | 2022❤️. YouTube. Retrieved October 11, 2022, from https://www.youtube.com/watch?v=YOEmg_6i7jA.

Dr. Kevin Mailo welcomes Dr. Nour Khatib, emergency physician and speaker, to the show to talk about her journey through finance and medicine. Dr. Khatib explains why he introduces her as a “Med School dropout” and shares how both her career backgrounds are valuable to her.Dr. Nour Khatib divulges that in her first year of medicine at McGill she experienced burnout and spoke to administration who gave her a year off. During that year she enrolled in business school and ended up with a financial job at Pratt and Whitney. However, she returned to McGill several years later despite enjoying her financial job and she explains why to Dr. Mailo.In this episode, Dr. Kevin Mailo and guest Dr. Nour Khatib discuss why learning something other than medicine can be a very powerful personal growth experience, the importance of the advice to “pay yourself first”, and why self care and personal wellness are such key components of a successful career as a physician, alongside financial literacy. Dr Khatib's story and advice very much align with Dr. Wing Lam's CBE (Continuous Business Education) theory and this episode helps to explain why it's important practice.About Dr. Nour Khatib:Dr. Nour Khatib MD CM, MBA is an enthusiastic and dynamic emergency physician and financial professional with keen interest in Quality Improvement, Patient Education and Global Health. She completed her family medicine training at Sunnybrook Health Sciences Center and did further training in emergency medicine at the University of Ottawa (CCFP-EM). With extensive experience and a professional record as a financial and business analyst, Dr. Khatib has excelled in both international and local firms with determination, hard work, and resourcefulness. Utilizing a broad acumen in healthcare, finance and business practices, she aims to solve issues regarding the quality of healthcare and the patient experience.Resources discussed in this episode:“Millionaire Teacher” by Andrew Hallam“Your Money or Your Life” by Joe Dominguez and Vicki Robin“Beat the Bank” by Larry BatesDalai Lama XIV quoteDr. GlaucomfleckenTakotsubo CardiomyopathyCEGEP—Physician Empowerment: website | facebook | linkedinDr. Nour Khatib MD CM, MBA: Emergency Physician and Speaker: linkedin Transcript:Kevin Mailo  00:00Hi, I'm Dr. Kevin Mailo, and you're listening to the Physician Empowerment Podcast. At Physician Empowerment, we're focused on transforming the lives of Canadian physicians through education and finance, practice transformation, wellness, and leadership. After you've listened to today's episode, I encourage you to visit us at physempowerment.ca. That's P H Y S empowerment.ca to learn more about the many resources we have to help you make that change in your own life, practice, and personal finances. Now on to today's episode. Kevin Mailo  00:34Hi, everyone. I'm Dr. Kevin Mailo, one of the cofounders of Physician Empowerment, and one of the cohosts of the Physician Empowerment Podcast. And tonight, I am very, very excited to introduce to you Dr. Nour Khatib. And Dr. Nour Khatib is a Med School dropout. And she has had a very exciting journey. And we are very happy to have her as part of our team here, speaking at our webinar, and hopefully speaking at some of our future events as well, because she's just so incredible, not only in her medical career, but also in the sphere of teaching and public speaking. And I don't know that I can introduce you properly, Nour. I think it's probably better if I just let you go. And tell us a little bit about your story. And why I introduce you as a Med School dropout. Dr. Nour Khatib  01:24Sure thing. Absolutely. Nice to meet everyone. Thanks for joining tonight. So yeah, Kevin's right. I am a Med School dropout. But I'm currently an emergency physician so how does that work? So what happened with me is I studied in Quebec, I studied in Quebec and I went to CEGEP and that's when you do, you can get into Med School two ways: do an undergrad, or go through quote/unquote the fast track where you can get into pre-med and you've got a guaranteed position into getting into Med School. So I thought, I was studying at Marianopolis College, which was one of the CEGEPs, there and I thought everybody was applying to Med School, maybe I should apply too. I didn't know what I wanted to, I was 18. But I did apply to Med School and I got in and I started. And within two months, I was like this linear path is scary. I don't know if I want to take this linear path. It felt like that's it, my entire life for the next 10 to 15 years is already laid out. And the path is not going to be changed. And I felt all I will know is medicine. And that, in addition to the worries of medical school, was frightening to me. I come from a family of, previously were refugees. We didn't, no one in my family had an undergraduate degree. In fact, they were all working in business or working as entrepreneurs, and just trying to make things happen, not medicine-related not science-related. So I thought to myself, 'What am I doing going into medical school?' Two months in I decided I'm completely burnt out, especially with all that overthinking and overwhelm at the age of 17 or 18, which I still think is too young to be committing to any of this. But that's a different story. And I went to the - it was McGill - so I went to the administration office and I spoke to them, I told them how I was feeling. And they're like, yep, we recognize this. It's called burnout. You're experiencing it, and now we have a solution to your burnout, you're going to take a year off. Doesn't work like that. A solution to burnout is not just a year off. But that's what they said, I was 18 and they gave me a year off. So I decided to take it. In that year off - really within two weeks - I thought to myself, I can't take a year off, that's, you know, Type A personalities, we're not going to take time off. I ended up enrolling in business school. I ended up enrolling at the John Wilson School of Business, doing some finance courses, and absolutely loving it. And thinking to myself, 'Hey, I fit in'. You know? I fit in here. It makes sense to me. It's so exciting, there's presentations, no one's lives are at stake, it's great. And there's no linear path. That part was great because I didn't have to do another degree after or post grad or decide on what specialty. That's it. I can start there, continue, and literally the world is my oyster, I can work in finance or business in any field I want. A year later, McGill gives me a call and they're like, 'Well, you haven't been responding to our emails. So do you want your spot because it's kind of a guaranteed spot, something that's super coveted'. I was like, 'Oh, thank you so much. I actually am in finance now, I switched careers, please give my spot to someone else'. And of course, they've got tons of people to give the spot to and they went ahead and did that. So I worked in finance. I worked in finance and I did co-op and I ended up at graduation, had already worked for three companies after doing some co-op, and the third company basically offered me a contract. And it was Pratt and Whitney Canada. It's an airplane engine manufacturer. And I loved working there. I can't tell you that I loved the job itself. But working there, being in a team, having projects together with engineers, financial analysts, all sorts, I was thriving in that environment. But come and ask me if I liked what I was doing on an Excel spreadsheet? Excel is dear to my heart this very day, but no, not for the rest of my life. I can't imagine myself doing that for the rest of my life. But I loved being in that company. And had I not left, I would have been there forever. Kevin Mailo  05:41Wow. So okay, so you're, you're at this great company? How did you un-drop out of Med School? Nour, tell us how you un-dropped out of Med School? Dr. Nour Khatib  05:52Sure. So the way it works is, really it just goes to show you that sometimes just stars align and, you know, I never used to be a believer of that, but really, like, there was an opportunity, and I kind of went for it. That year, my prerequisites were going to be expired, that like eight years out-- Kevin Mailo  06:15-- yeah, Med School prerequisites, yeah. Dr. Nour Khatib  06:18And then I heard from a friend of a friend that McGill are removing their  MCATS. And I never thought about going back to Med School. Why would I? Pat and Whitney was paying for my MBA, I had already gotten promoted twice, I'm in the middle of the recession in 2008, and I had a job and life was good. There's no reason for me to think of leaving. But someone, there was a seed that was planted that, hey, McGill has removed their MCATs, now it's easier for you to apply. So I decided to look into it. Because there's no way I would have studied for the MCATs, there's no way I would have like been wanting it enough. I decided to, you know what, I'm going to apply, and I'm going to see what happens. And I ended up going for it. I spoke to my manager at work, and the VP Finance of the company, and we were close, like we were, you know, and I told them about what I was thinking. And what they told me is, they're like, 'You know what, you're gonna get bored here. You like it now but you're gonna get bored, you're gonna get promoted, and you're gonna not enjoy the job at some point. You like who you're working with, but they could change. You need to love your career.' And that's, and they told me, they're like, we will write you your reference letters, just go for it. And I decided to go for it. And it felt like I had nothing to lose, I didn't have the pressures of the first time or the pressures that my colleagues had. And that's something that I've told a lot of my friends who, or a lot of people, friends' kids who are trying to get into Med School, I tell them learn something else first. Learn something else, find something else. And don't let it be a one path, a linear path, to the finish line. Because you're living throughout this journey. It's still life, you're not, you don't start living when you graduate, you're living throughout it. Kevin Mailo  08:17You know it, that's very powerful. That's very powerful. I like that a lot. So you got in. Dr. Nour Khatib  08:24And the thing is, though, all throughout this, whether it's the finance degree or the MBA, I can tell you for certain, none of the personal finance knowledge that I know today came from that. It was all theoretical. It was all, you know, project based, case based for certain companies, and theoretical. Just because I have a finance degree and an MBA does not make me better at personal finance than Kevin. Absolutely not. It's really when I started to make money after residency, and I sat back and I said, 'Oh, okay, so now I'm making money. Now I'm paying off debts. What do I do now with this?' What is there to do? Like, do I go to a financial advisor and just say, here, you do everything? Or do I take care of it myself? So that was hard. The first year out of residency is always difficult. Whether it's, you know, you're doubting yourself, your competence, you're just trying to learn the ropes, you've taken over a practice, which in itself is entrepreneurial and business-minded to begin with. And the first year out, I did a lot of working of course, and learning medicine and building that confidence in medicine, in the first few years out. But what I tried to carve out is a little bit of time every week to look into and learn about personal finance. Kevin Mailo  09:50Can I stop you there? Wing came up with a great term for this, and it's not just about personal finance, but it's also about practice management. And he calls it C B E. And that is Continuous Business Education. Just like we constantly invest in our knowledge and skills as physicians, we need to constantly invest in our knowledge and skills as investors and practice managers, or, you know, those that run our practices. So I'll let you continue, though. Keep going. Dr. Nour Khatib  10:19Oh, no worries. I mean, what did that involve? First of all, I felt defeated right from the start. Because I was like, hold on a second, you were in finance, and you worked in the field, and you don't know what you're doing with your money? Like, that's embarrassing. First of all, I told myself don't admit it to anyone, but here I am. Which is totally fine. It really goes to show you that you do not need to have a degree, these things that you're learning are for yourself and through other people's mistakes. And the quicker you learn them, doesn't matter how far out you're in, but the quicker you decide, and take the initiative to learn from other people's mistakes, the more likely you're going to succeed. And the more freeing it is, once I decided that I am going to be taking care of my own finances, doing my own budgeting, realizing that number one is I pay myself first. And I break down what I earn and from where and I actually know where things are coming from. And in the beginning, in the first few months, I wasn't sure where my money was coming from. I was like, from here, from here, from there, what am I spending it on? Oh, probably like, you know, food and rent and before, you know, before owning anything, what? No, that's probably where it went. But the truth is, I needed to break it down and really study and analyze where things are coming from. Kevin Mailo  11:40Can I stop you there? Talk about paying yourself first. This one's thrown around in finance all the time, it's a very old term. Just share with our audience of what it means, because there's going to be some out there that don't know, or you know, don't think about it expansively enough. Dr. Nour Khatib  11:55Sure. I'll just give you an example of, like, what I do first. So what I do is - and when they say pay yourself first, the underlying meaning is really live within your means, and know the measures of what you're dealing with in terms of your money - but here's what I do. Every 15th of every month, right? Like between the first and the 15th, you pretty much make, everything starts coming in from whatever sources that you're working, right? And then towards the 20th of the month or so I decide, okay - and I'm incorporated, so this example kind of goes to those who are incorporated, but it doesn't matter it'll fit both - I first give myself a salary, and pay my taxes on that salary, and I'm living within that salary means. Everything else goes to savings. Kevin Mailo  12:44Wonderful. Dr. Nour Khatib  12:46So let's keep numbers simple. Let's say I pay myself $10,000, and everything else goes into the corporation, or goes into wherever you decide to put it if you're not incorporated. But let's say that $10,000 I think to myself, okay, what am I going to do with this $10,000? What do I, how much do I need? And I'm just giving you a round number. Let's say I just need $3000 or $4,000 just to live that month, whether it's a mortgage, food, gas, whatever it is, that's aside. And now, what am I doing with the rest? Well, I'm putting some in my TFSA. I am putting a few in my savings accounts. And my savings accounts are funny looking. So I've got like six. Why do I have six? I have one emergency fund. I have one car fund for when my car breaks down six, seven years from now. And I have a vacation fund. And what else? I'm interested in flight school. So I have one for flight school. Kevin Mailo  13:39Wow. Of course you do, Nour, of course you're gonna be flying airplanes. Honestly, it's amazing. It speaks to dreams. And you're one of those people that obviously lives your dreams. I admire it and respect it immensely. Keep going, keep going. Sorry. Dr. Nour Khatib  13:55Once I put enough money in the vacation fund, I know I can take a vacation. So that's every month, that's how I divide things up. And that feels in itself super empowering. Just the fact that you've laid out your dreams, you've laid out what you want to spend your money on, you've already paid yourself. And you know, you can't go over that. Kevin Mailo  14:17Well and it gives you space to really enjoy things. Right? You know what I mean? If you have a budget, and you're like, okay, we're going out for a great dinner tonight. And this is something we budgeted for and there's money for it, we're gonna drop 200 bucks on great food and great wine and not feel one ounce of guilt for it because we saved and, you know, planned for it. It's such a powerful thing, right? It's more than just money. More than money, it's more than dollars and cents. It's really about building a better life and being happier and more at peace with your finances, which are a big part of our everyday existences. Can I go a little bit further on paying yourself first, right? Because we talked about like month to month budgeting, but the notion of paying yourself first is you can go past that as well and you can look to the future. And really, you know, that paying yourself first means that you are setting aside money that you're investing every month, every year, for a time in your life years or decades from now, when you are older, and need to be taken care of, right? And it's not just, you know, those frail years, you know, in the final decade or two of our lives, but it can actually be much sooner. And I think many of us who work in medicine are reminded of that on a daily basis, people who become sick or disabled at tragically young ages. And I don't want to be all doom and gloom, but there's this idea that as we age, we have to create more space for our well being. And I'll just share my own personal story. I remember graduating less than 10 years ago, I graduated in practice in 2013. And I remember loving the night shifts, and you're an ER doctor, right Nour, you know, you understand it. I loved the night shifts, I was working, I was fast. I was, you know, I felt great. I would go to the gym after, you know, a night shift and then go to sleep, wake up, go do it again. Of course I did, right? Dr. Nour Khatib  16:09After a night shift? Kevin Mailo  16:11And then, you know, because I mean, because I'm an ER doctor, I should have gone for a bike ride as well, right? Dr. Nour Khatib  16:15With your Patagonia. Kevin Mailo  16:16Yeah, exactly. Like Dr. Glaucomflecken which, by the way, I should send that link out, it's great. Or he's got a number of those skits. But you know, the bottom line is that for myself, within five years of doing that, and working at that pace, I was already feeling tired. And that's when I realized things need to change. And I was shocked at how quick that came. You know what I mean? Like, I was like, oh, well, I'll get tired in 20 years. No, I got tired within five years. You know, four young kids, you know, careers in the household. There was a lot going on. And so, you know, I downshifted and one of the reasons why I was able to downshift is during that time, thankfully, that first five years, I was doing a lot of paying myself first. I was investing in a lot of real estate, not doing it perfectly, not necessarily doing it with a really clear plan, but I was doing it. And I got to a point where I could actually pause and say, 'You know what, I don't need to work these night shifts anymore'. And so I moved off them within five years of practice. So that's just my own little piece. My own little story. Yeah. So it's this idea that there's going to come a time in our lives, there really does come a time in our lives, when we just want to be doing something else. Right, whether it's focusing on family, passions, hobbies, you know, even just our personal well being, even just sleeping more, you know? I had a doctor told me she has not slept since residency, right? You know what I mean? These things happen all the time in our lives. And so just creating that space to live a better life. And, you know, practice how we want to practice is so important. And a cornerstone to that is paying ourselves first, is, you know, putting away money, learning to invest it, and growing that nest egg, so that we take that pressure off to earn. So sorry, I'll let you continue, and hopefully not have any more interruptions from my busy... Dr. Nour Khatib  18:07Oh, no, please, please. Kevin Mailo  18:09It's really cute. Dr. Nour Khatib  18:10You and your daughter are totally welcome. One thing you mentioned, you mentioned, you know, we don't want to be doing this all our lives, we want to move on to other things and hobbies and whatnot. What I learned early on, and I'm so glad I learned it early on - and even for you, Kevin, it looks like you've learned the importance of all of this early on, and I'm thankful for that - is don't wait for these hobbies. Don't wait for the things you want to do. Don't let it be a linear path. I did not want medicine to be a linear path. I promised myself, had I returned the second time, that it like, if I were to continue-- Kevin Mailo  18:51-- I love how you, I gotta interrupt, I love that you say 'return the second time'. To Med School. I don't meet a lot of people who say that sort of thing. Okay keep going. Dr. Nour Khatib  18:59I thought to myself, if I was going to return, I was going to take this as a life experience. I am not going to be a person in, like with my head in the books all the time. I was, because trust me, you go from finance, when you go from finance to try to learn physiology, you're, you know, like, yeah no, it was a disaster. And of course my head was in the books all the time trying to catch up, really. But the truth is, I told myself, this is not just going to be me, it's not going to be the linear path. Because if it is, I will burn out right away. And I realized that one year out, is that I had colleagues doing 20 shifts a month. And you know what? They're doing it, but really, is that longevity? Is that sustainable? Probably not. I don't do that much. I don't do that many shifts a month. I work probably every day a month, but not necessarily in emergency medicine. Kevin Mailo  19:50Well, and this is exactly it. And this was the advice that, you know, I'd gotten years ago in residency and that is a career in medicine is not a sprint. It is a marathon. And by creating that financial space to have a more balanced life, to sleep, to exercise, to eat right, to all the things you need to be doing that you would tell your own patient, means that you are going to be able to really enjoy your career for the long haul and really do your best medicine. You know, my patients are so much happier since I slowed down. If I can be perfectly honest. And it's wonderful. I just I love love being there. Dr. Nour Khatib  20:26You probably miss it, too, if you haven't gone in a few days. You miss it. Kevin Mailo  20:30A little bit, a little bit. This unbeatable summer weather. I don't know about that right now. But yeah, like, and it's just wonderful to share in it. You know, I picked up a Takotsubo cardiomyopathy, there are gonna be some people that are just rolling their eyes, like what does that mean? You know, because they sat there and talked to an elderly gentleman who said he was really experiencing childhood trauma. Right? Yeah. And I would never, like, you know, I just had that time because I wasn't in that big rush. You know, just enjoying my job more. And so anyhow, I mean I love this, Nour. I love what you're sharing. Keep going. We've got a little bit more time. Tell us a little bit more about your journey. Dr. Nour Khatib  21:07And so where was I? So let's say a year out. A year out, I decided I'm going to teach myself personal finance. How did I do it? Whether it's reading blogs, reading certain books that have helped others? A couple of books that have helped me are... Kevin Mailo  21:22What are your favorites, what are your favorites? Dr. Nour Khatib  21:23"Millionaire Teacher" was my favorite because it just hit all the points. Yeah, it just hit all the points. And it was very basic. It wasn't too complex. And it was one of my favorite recommendations. "Beat the Bank" is a pretty good one, too. Thing is, once you start reading these, they all say the same thing in the end. And one that I'm currently reading, and I know I will be rereading, is "Your Money or Your Life?" Kevin Mailo  21:45Oh, I like that. Dr. Nour Khatib  21:46And the whole concept of that one - and it was written, I believe in the 70s or 80s, but then it was revamped in 2018 for nowadays - "Your Money or Your Life", the concept is, if someone were to put a gun to your back and say 'your money or your life', obviously, you know, you'd say, here take all my money. Kevin Mailo  22:04Absolutely. Dr. Nour Khatib  22:05But the truth is, our rat race towards money is costing us our life. And just because it's not as dramatic as a gun to your back, it's prolonged. You are losing life, because we are chasing money in a way that is a poor relationship with money. We are working more and exhausting ourselves to make more, rather than trying to work smarter or work and be happier in our job. Kevin Mailo  22:33So I'm going to interrupt you there. And I'm just pulling up the quote right now. But there's this great quote from the Dalai Lama when he was asked about what surprised him the most in humanity, and he said, "Man himself, because he sacrifices his health in order to make money. Then he sacrifices his money to recuperate his health." You know, and he is so anxious, what does it say here? Sorry, I'm just, I'm going off, but it's so anxious about the future, he doesn't enjoy the present, right? And it's so true, Nour. It's so true, what you're sharing, that we just get caught up in this rat race of earning, thinking, oh, I'll live next year, or I'll be happier next year. I'll be healthier next year, but we really shouldn't be living like that. Dr. Nour Khatib  23:16100% 100%. And it's, you know,what, not every day is perfect. The last few weeks for me have been rough, I have to say. I worked, I ended up, I would say the first year out was rough. A few years after that, trying to, you know, get things along was great. And then you start getting, you go through this burnout phase of the whole profession is collapsing on itself, unfortunately. And you really just have to step back and realize these are systemic problems. That your job is to take it one patient at a time, and take care of whoever's in front of you right now. And just do the best you can with the intentions and with the resources that you can. And just be, every day ends and a shift ends. Right? At the end of it, it's over and you've tried your best, and that's all you can say to yourself is that you've done everything you can at that time. And then you can move on to helping others. The problem is in our profession, is there's all this cumulative PTSD from the horrible cases that have gone wrong. And that that takes a toll on us. And I honestly do think every doctor needs a therapist. Every doctor needs a therapist, every person needs a therapist. But whether it's in the good times or the bad. Kevin Mailo  24:32I think that's incredibly powerful, incredibly powerful. Dr. Nour Khatib  24:36Let the therapist see your good times, hearing your good times in order for you to be able to go through your bad times. Kevin Mailo  24:41I look at it like going to the gym or eating right. It's something you should make a part of your life. Not something you just do here and there or when things get bad. That is exactly my view as well. Everyone should have one. Everyone should have one. We deal with a lot of sadness and trauma and heartbreak in this job. And we don't necessarily internalize that, because we're so highly trained. But the truth is we deal with a lot, across all specialties, across all specialties. And there's a lot of stress associated with it. We deal with a lot of risk, right? We don't necessarily internalize that either, how much risk we deal with when we discharge patients, you know, your psychiatrists, you decide not to form that patient, there's a risk they could go out and harm themselves, right? Like there's risk to everything we do, even as a radiologist. Is it a thing? Or is it not a thing? Right, but it's true. It's true. You know, that's a very beautiful observation, though. About he importance of ongoing mental and emotional health. Dr. Nour Khatib  25:45100% 100%. Kevin Mailo  25:49Yeah. I love it. Dr. Nour Khatib  25:51And so like I mentioned, I don't do as many emergency shifts as, let's say, the typical emergency doctor. But I still consider myself as I am an emergency physician. It is my profession. I might be doing surgical assist, cardiac stress test clinic, event doctoring, I do speaking on the side to corporations. Kevin Mailo  26:14Of course you do, Nour. Of course you do. Okay, keep going, Dr. Nour Khatib  26:17I teach people about personal finance. And I, you know, I enjoy doing all these different things. One thing that I  - remember earlier, I was saying, don't wait for your hobbies, don't wait to do your hobbies later, try to pick them up and do them now, whatever it is that you enjoy it just make it part of your life, just like how you schedule a shift - so I do Muay Thai kickboxing. I'm a voiceover artists that does work on the side for commercials just for fun. It doesn't pay much, but I enjoy it. So if you ,like, I've done a few commercials on the radio and one for Hershey's as well. And it's just something I enjoy doing. And it's something that I think everyone needs to find what it is they like, whether it pays or doesn't pay, just make sure that it's part of your life. Kevin Mailo  27:00You know, I really, really love that. So we're kind of coming up on 30 minutes. I'm shocked at how quickly it's flown by. And then we obviously have to get you back on another webinar and on to like a formal podcast episode as well. Because there's just so much wisdom here, right? I mean, one of my reflections on this financial journey for myself in talking to physicians coast to coast about money, is that the world is full of knowledge, facts and information. I mean, go on YouTube, you learn about real estate, you buy crypto, you learn about buying crypto, you can learn about day trading, learn about all these things, but that that wisdom, what you're sharing today, Nour, is in such short supply in our world in many respects. And, you know, a lot of us are chasing money or, you know, trying to earn or trying to invest. But not asking ourselves what do I really want in life? You know, and does my financial plan align with my life's goals? But I just, I love what you shared. And I just want to recap that notion of paying yourself first, right? Setting a budget, living within the budget, enjoying the budget, celebrating it right? Like if you've got 10 grand for that vacation, go and blow that 10 grand on a vacation and really enjoy yourself. And do it knowing that you've already paid yourself, then you've already filled up your investment accounts, and you've already made that move in real estate or done whatever. So that you have space to live right now. Knowing that also that future version of yourself that is older, sicker, tired, doesn't want to work those night shifts, doesn't want to do that call, that person is also taken care of. And I think that's so, so important. So I gotta wrap it up. But I'd love to hear any final thoughts you have, anything else you want to share about yourself, about your journey. Dr. Nour Khatib  28:49It's really been about learning, making mistakes, ups and downs. And that's what life is no matter what. The quicker you realize that what your business here is called, physician empowerment, is about feeling empowered with regards to your finances and your life. And don't let medicine win. You are in control of medicine. You are the captain of this ship, and you're going to be steering it. Do not let medicine take over your life. It is a tool we use to help people, but physician heal thyself first. Kevin Mailo  29:29Wow. Wow. That was incredible. And so true. So I think we're gonna, I think we're gonna wrap up there. I'm so, so glad and so, so grateful to have you on tonight like this. Thank you so much, Nour. Kevin Mailo  29:47Thank you so much for listening to the Physician Empowerment Podcast. If you're ready to take those next steps in transforming your practice, finances, or personal wellbeing, then come and join us at physempowerment.ca - P H Y S empowerment.ca - to learn more about how we can help. If today's episode resonated with you, I'd really appreciate it if you would share our podcast with a colleague or friend, and head over to Apple podcasts to give us a five star rating and review. If you've got feedback, questions or suggestions for future episode topics, we'd love to hear from you. If you want to join us and be interviewed and share some of your story, we'd absolutely love that as well. Please send me an email at KMailo@physempowerment.ca. Thank you again for listening. Bye.

Welcome to episode #59My guest Andrew Hallam Andrew is a personal finance journalist, speaker, and author of three books, Millionaire Teacher, Millionaire Expat, and Balance. His books are about how to invest and spend for happiness, health, and wealth. Andrew's love of travel started when, at age 12, his parents encouraged him to take an educational trip to the Mediterranean. His early respect for money started not much later, probably because his parents expected him to pay for his college education.One day, sitting on a friend's patio after finishing a bike race, he realized that travelling, swimming in tropical waters, riding his bike, meeting fascinating people, and working as little as possible was his life's dream.At 19, he met a mechanic who happened to be a millionaire and taught him that one doesn't need a high-paying job to build wealth. The concept is to make money work hard for you instead of working hard for your money. So before his 20th birthday, he started to invest. By the time Andrew reached his late 30s, he had enough money to retire. He kept working, though, as he knew it gave him more options. Twenty years later, he and his wife Pele are now living a nomadic life for the last eight years. He still works hard, but not as often. His love for travelling, swimming in tropical waters, riding his bike, and meeting fascinating people is now his reality.This is his travel story. How it all started and where he has been.  Let's enjoy his story.  https://andrewhallam.com

Today I'm extremely excited to have Canadian best-selling author, Andrew Hallam back on the show. His first book, Millionaire Teacher continues to be the #1 best seller in the Investment and Portfolio Management category on Amazon. He is one of the world's most prolific financial wellness speakers and over the past 16 years, he has given hundreds of talks in over 30 different countries espousing research on financial wellness, sound investing and life satisfaction. He has been investing in the stock market for 32 years, having built a million-dollar portfolio on a schoolteacher's salary when he was in his late 30s. In today's interview with Andrew, we cover the subject of how to achieve balance, and how to maximize your happiness, health, and wealth. We also cover what to expect and how to maintain balance after having hit your financial independence number. Lots of early retirees in the FIRE movement and traditional retirees continue to do some sort of productive paid work. Why is that, and is it realistic to never work again after you retire?  As you can imagine, generating some minor income after retirement, doing something you love, can drastically decrease how much money you actually need to retire from your day job, potentially letting you leave that job you may dislike or be bored with many years earlier.  Since Andrew is already financially independent, we dissect how Andrew has found that balance in his life between taking on meaningful and fulfilling work, and balancing that with leisure, health, and happiness. Questions Covered: 1. When a lot of people, myself included start their financial independence journey, the goal is to never work again and that becomes a major motivator to accumulate all those savings to be able to retire. Yet from my own experience and after interviewing many other early retirees, I've noticed a pattern where most if not all still end up doing some sort of productive work or something that could be classified as “work” even though they don't have to, since they've already reached their financial independence number. Did you have the same experience as you moved from the accumulation stage to the financial independence and retirement stage, and from your experience what have you found to be a good balance in your own life? 2. You've spoken with many other early retirees who I assume had a similar experience in terms of that progression from initially never wanting to work again and live a life of leisure permanently, versus eventually realizing that there needs to be a balance to achieve sustainable happiness. Have you noticed any patterns from those you've talked to in terms of how they were able to find sustainable happiness and what that balance was for them in order to achieve it? 3. After reading your book, it becomes very clear that health and longevity is something that is a high priority for you, and should be for all of us since what's the point of accumulating all this wealth and retiring if you don't live long enough to enjoy it.From the research that you've done, what have you found to be the best practices to maximize our health and longevity? Nutrition? Types of exercise and frequency? Cancer prevention? Stress control? Energy maximization? 4. In terms of maximizing happiness in retirement, is there a routine that you follow during any part of your day that works well for you? Or do you take a more fluid, go-with-the-flow approach, where things are more spontaneous? 5. Do you find that goal setting and trying to achieve growth and improvement in retirement adds to your happiness and fulfilment? Or do you take the approach of trying to just be happy with where you are, living in the moment, as opposed to continuously striving for more? 6. Please tell us again where we can learn more from you and get your latest book.

Saya membahas buku Millionaire Teacher karya Andrew Hallam. Buku ini membahas bagaimana orang biasa bisa jadi miliarder. Penulis bercerita, bagaimana dengan hidup sederhana, dia yang merupakan seorang guru bisa jadi miliarder. Menjadi kaya bukan artinya kamu perlu memperoleh pendapatan yang besar. Tidak peduli sebesar apapun pendapatan yang kamu miliki, jika kamu tidak punya mindset keuangan yang benar, maka uang tersebut tidak pernah cukup. Coba jawab pertanyaan ini, apakah kamu ingin memiliki harta seperti miliarder atau ingin menghabiskan uang seperti miliarder? Jawaban dari pertanyaan ini akan menentukan hubungan kamu dengan uang.

On this episode, Coach Pete D'Arruda is joined in the studio by Chief Wealth Strategist, Parker Holland to analyze retirement planning strategies. Also, Coach brings Andrew Hallam, author of "The Millionaire Teacher", on the show to talk about wealth practices we should all know.  Later on the show, our hosts go into detail about retirement start dates and the importance of setting goals. If you'd like to contact Coach Pete and the team at Capital Financial Advisory Group, call (800) 661-7383. See omnystudio.com/listener for privacy information.

หนังสือ Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School ของ Andrew Hallam - ไม่มีทางลัดสำหรับการเงิน แต่เรามีทางตรงที่เราจะไม่ต้องอ้อมไปไหนไกล นั่นคือการลงทุน - หากการลงทุนเป็นสิ่งสุดท้ายที่คนหลายคนนึกถึง แต่หนังสือเล่มนี้ได้เน้นย้ำอย่างยิ่งว่ามันคือสิ่งแรกที่ควรคิด - ไม่ว่าจะเป็นการลงทุนใด ๆ ก็ตาม ตั้งแต่กองทุน ตราสารหนี้ และหุ้น ทุกสิ่งล้วนแต่บอกเป็นสิ่งเดียวกันว่า หุ้นคือสิ่งที่ให้ผลตอบแทนชนะในระยะยาว - เมื่อคุณกำหนด และวางแผนสิ่งใดก็ตาม อย่าพยายามออกนอกแผนการไปมาก เพราะไม่เช่นนั้นเราก็จะไม่สามารถเรียนรู้ได้ว่าวินัยทางการเงินเป็นอย่างไร - อย่าลืมสิ่งที่สำคัญที่สุดที่ทำให้ผลตอบแทนการลงทุนเราจะน้อยลงอย่างมาก ถ้าหากว่าค่าธรรมเนียมของเราสูงกว่า 0.5% ซึ่งถ้าหากว่ามีก็ไม่ควรเกิน 1% อย่างเด็ดขาด

TSP Podcast #76: Becoming A Millionaire TeacherBecoming a millionaire teacher while also doing great is possible by scaling what we already do by teaching live enrichment and supplemental courses remotely for a fair fee.Support the show (https://cash.app/$thenjokuschool)

When Andrew Hallam isn't getting eaten by mosquitoes in tropical jungles, cycling up a mountain during a downpour with his wife, or trying to drive to Argentina in a van, he's speaking and writing about happiness and personal finance. The former high school teacher wrote the international bestselling books Millionaire Teacher and Millionaire Expat. Profiled by media such as CNBC and the Wall Street Journal, he's the first person to have a #1 selling finance book on Amazon USA, Amazon Canada, and Amazon UAE. He has written columns for the Globe and Mail, Canadian Business, AssetBuilder.com, MoneySense, and Swissquote. Find him online at andrewhallam.com.

In this episode, Coach Pete speaks with Andrew Hallam, Author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School. See omnystudio.com/listener for privacy information.

In this special bonus episode, Coach Pete continues the conversation with Andrew Hallam, Author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School. See omnystudio.com/listener for privacy information.

Today I'm extremely excited to have Canadian best selling author, Andrew Hallam on the show. His first book, Millionaire Teacher is currently the #1 best seller in the Investment and Portfolio Management category on Amazon. He has been investing in the stock market for 32 years, having built a million-dollar portfolio on a schoolteacher's salary when he was in his late 30s.  Over the past 16 years, he has given hundreds of talks in over 30 different countries espousing research on financial wellness, sound investing and life satisfaction. We cover a lot of areas in this interview, but since Andrew achieved financial independence in his 30s, I especially wanted to ask him how we Canadians can live off our portfolios long term, without depleting it prematurely (while also maximizing the income that we are able to withdraw).  We discuss what to do when it comes to our withdrawal strategy in different economic environments, and we discuss how one can best use the 4% rule, and how we can modify it, depending on what happens in the markets.  We also talk about one of my favourite topics, variable withdrawal strategies which help us maximize how much income we can take out of our portfolio every year (while not running out of money). Questions: For anybody that hasn't read your books or is hearing about you for the first time, can you tell us a bit about yourself, especially when it comes to the world of investing, financial planning, and retirement? You're someone that has achieved financial independence many years ago and has had to learn how to live off your portfolio indefinitely in a sustainable fashion. Just to set the groundwork and for somebody that hasn't read your books before, can you tell us what kind of investments your portfolio consists of that has allowed you to do this and retire early? Do you have a system or process that you follow to determine how much money you can take out from your portfolio to live off of every year? (with the implied goal that you're trying to maximize how much you can take out annually, while still having that amount be sustainable so that you don't run out of money in the future). There are many withdrawal strategies that one can use to live off their portfolio. Apart from the one that you just mentioned that you do yourself, are there any other ones that you like or have found to work well for others? What are your thoughts on variable percentage withdrawal approaches? Ex. Taking out 4% of whatever the portfolio value is at the time, instead of more static approaches like the traditional “4% rule”. Before we get into more questions can you tell us more about your new book called Balance and where can we get it. When we spoke before the interview, you mentioned that sometimes when pursuing money and financial independence, we can actually fall into a trap and miss the point of why we pursue it in the first place. And in relation to that, in your book, you talk about how we need to be careful about how we define success, and how we need to strive for the goal of life satisfaction as opposed to just a high monetary figure within our portfolio. Can you speak to that bit?

Millionaire Teacher, Andrew Hallam, sits down with Jon Vassallo, VP of Partnerships at Ratehub.ca,  to discuss Andrew's new book: Balance: How to Invest and Spend for Happiness, Health, and Wealth. The two discuss how to live a better life (money isn't everything), how to align spending with values, and resolving anxiety around spending before diving into investments and socially responsible investing.    [0:00] intro[3:22] Money mistake or makeup - cat litter and ponzi schemes [9:12] What compelled you to write your new book, “Balance: How to Invest and Spend for Happiness, Health, and Wealth” [11:58] The 4 quadrants of success in life: money, relationships, health, purpose (Iki gai) [13:38] Do you have a favourite chapter in the book? What the research says about delaying gratification.[15:20] Daniel Kahneman - Reflective happiness vs. experiential happiness.  [19:10] What's the first step to changing your money habits and getting your finances in order?How to align your spending with your values.  [23:51] How do we resolve anxiety around our spending? How will tracking my spending affect my social life? [28:50] Do you have a gratitude journal? Should we be journaling about gratitude? [30:35] What is one thing you're feeling grateful for these days? [32:12] What's the difference between ETFs and Active Mutual Funds? [34:52] The Spiva persistence scorecard: https://www.spglobal.com/spdji/en/spiva/article/us-persistence-scorecard/ [36:55] We're not designed to invest (and what we should do instead)[40:16] Does Andrew Hallam invest in Crypto? [42:22]   What is SRI (socially responsible investing)? Should we put money where our values are? Does SRI impact our happiness? [47:15] Why is Costa Rica such a happy country? [51:05] Rapid Fire Questions [58:37] Outro

Personal finance expert and author Andrew Hallam has inspired expatriates around the world to invest more effectively through his international bestselling books Millionaire Teacher and Millionaire Expat, which detail his journey about how he built a million-dollar portfolio of low-cost exchange-traded funds on a teacher's salary. Hallam, who started investing as a teenager and became a millionaire at 37, has a new book out this month: Balance: How to Invest and Spend for Happiness, Health and Wealth. Balance was inspired by Hallam's curiosity about why people equate success with money and career. While these aren't bad goals, he says, there is more to life than work and a salary. Hallam believes success should be measured by life satisfaction based on four factors: strong relationships, having enough money, good health and a sense of purpose. But how do we achieve this? Host Felicity Glover is joined by Hallam, who talks about his new book and why it's important to find the right balance in your financial life. Hosted by Felicity Glover Produced by Arthur Eddyson and Ayesha Khan

Today Andrew Hallam discusses his new book Balance, how to invest and spend for happiness, health, and wealth. Pick up a copy today!    Have an idea for our next episode? Email us at podcast@assetbuilder.com   Find all show notes at assetbuilder.com/podcast

In his new book, Balance, Andrew Hallam not only explains evidence-based strategies for providing the best odds of success in the stock market, he provides a lot more than that.  The book helps you answer other important questions:How can we boost longevity, wealth and happiness?When it comes to spending, what sorts of purchases really enhance happiness? And yes, some material purchases do!How should we define success? And based on that definition, how can your children be successful?Buy the book here (Affiliate link)Andrew Hallam is the international best-selling author of Millionaire Teacher, The Nine Rules of Wealth You Should Have Learned in School and Millionaire Expat: How To Build Wealth Living Overseas. Profiled on such media as CNBC, and The Wall Street Journal, he's also the first person to have a #1 selling finance book on Amazon USA, Amazon Canada and Amazon UAE. He has written columns for The Globe and Mail, Canadian Business, MoneySense, Internaxx and AssetBuilder. Since 2016 he has spoken at businesses and international schools in over 30 different countries.

This week on Balance Your Life podcast I am joined by Andrew Hallam. Andrew is one of the world's most prolific financial wellness speakers. Over the past 16 years, he has given hundreds of talks in over 30 different countries espousing research on financial wellness, sound investing and life satisfaction. He has been investing in the stock market for 32 years, having built a million-dollar portfolio on a schoolteacher's salary when he was in his late 30s. Andrew is the international bestselling author of Millionaire Teacher and Millionaire Expat. His latest book is Balance: How to Invest and Spend for Happiness, Health and Wealth. On this episode we talk about pursuing the idea and concept of money from a holistic perspective, how to accumulate long term wealth and financial stability, and where to start even if you are in debt. We also discuss how to find the balance between saving for your future, and living your best life, tools you can use to help you on your financial freedom journey, and so much more! Spread the love by sharing this podcast with your friends and family! Don't forget to subscribe to the channel so you never miss an episode, and I would love if you took a moment to rate and review the show! ------------------------------------- Connect with Meghan: Instagram| TikTok| YouTube| Website To Email the Show: podcast@balancebymeghan.com Connect with Andrew: Website -------------------------------- if you struggle with sleep, inflammation, anxiety, and pain relief then you need to try CBD. The CBD I take and love is 3rd party lab tested, vegan, organic, cruelty free, non-gmo, solvent free, and made in small batches. Email me today info@balancebymeghan.comto find a product that suits your needs today. ----------------------------------------- Join Energy Flow: A Masterclass all about how to use the motor centers in your human design chart to understanding your unique energy flow, and how to use it to your advantage for optimal health! Sign Up Here.

Andrew Hallam is a personal finance author and speaker from Canada. Hallam's book Millionaire Teacher is about becoming a millionaire on a teacher's salary and his latest book (which we will be dissecting today) is called Balance: How to Invest and Spend for Happiness, Health, and Wealth.  Stay tuned to learn how to use investing, happiness hacks, lifestyle ideas, and much more to live a fulfilled life!

In today's episode I'm talking to Andrew Hallam, one of the world's most prolific financial wellness speakers. He has spoken about money and happiness in thirty-three countries. That's more than any other Canadian. He's also the first person (of any nationality) to have a book hit #1 in Amazon's personal finance and investment categories in Canada, the United States, Singapore and the United Arab Emirates. He has been profiled on CNBC and the Wall Street Journal. He writes regularly for The Globe and Mail and he's a lifelong fitness and travel junkie. Featuring: Balance - How to Invest for Happiness, Health and Wealth 4 pillars - Redefine what success means! Travelling Adventures - let's take a page from others. Connect with Andrew: andrewhallam.com

Do you feel like your life needs more balance? Sometimes, in our pursuit of a better job, or more money, we lose sight of what really matters. We search for happiness, but then realize that financial or career success might not be making us any happier. My guest this week is here to talk about balance: How to invest and spend for happiness, Health, and Wealth. Andrew Hallam is one of the world's most prolific personal finance speakers, having spoken at corporations and organisations in more than 32 different countries. As the author of Millionaire Teacher and Millionaire Expat, he's the only Canadian personal finance writer to have a book hit #1 for Amazon's personal finance and investing categories in Canada, the US, the United Arab Emirates and Singapore. Andrew and his wife have been globally nomadic for the past eight years. His latest book is called, Balance: How to Invest and Spend for Happiness, Health and Wealth. You can find the show notes for this episode at https://maplemoney.com/180 This episode of The MapleMoney Show is brought to you by Willful. Did you know that 57% of Canadian adults don't have a will? Willful has made it more affordable, convenient, and easy for Canadians to create legal Will and Power of Attorney documents online from the comfort of home. In less than 20 minutes and for a fraction of the price of visiting a lawyer, you can gain peace of mind knowing you've put a plan in place to protect your children, pets, and loved ones in the event of an emergency. Get started for free at https://maplemoney.com/willful and use promo code MAPLEMONEY to save 15%.

Achieving balance in our life and our finances in this modern world seems like a myth! Even I personally struggle from this dilemma! How to live to the fullest today and prevent financial struggles in our Golden Years? How do we build wealth without sacrificing our health? Is sacrifice required to achieve balance? So in this episode I have invited a man full of wisdom. Andrew Hallam is back in our podcast! And to those who don't know him yet he is: - A former high school teacher who wrote the international bestselling books Millionaire Teacher and Millionaire Expat. - He's the first person to have a #1 selling finance book on Amazon USA, Amazon Canada, and Amazon UAE. - Profiled by media such as CNBC and the Wall Street Journal, and has written columns for the Globe and Mail, Canadian Business, AssetBuilder.com, MoneySense, and Swissquote. What you'll learn: - What balance really means - How to achieve balance - How much money is enough to be happy - How to find a sense of purpose in a time that you're financially struggling - The 4 quadrants to a happy life - Why sacrifice is not necessary to achieve balance Connect with Andrew: www.andrewhallam.com Buy his book "Balance: How to Invest and Spend for Happiness, Health, and Wealth": https://amzn.to/3EMDLVw --

As investment professionals, we focus a lot on saving, investing, and retirement planning. But a successful life is about more than just money, it's about satisfaction and happiness.  Today we're widening our scope and bringing a sense of purpose to why we work and why we have money. To explore this topic, we're joined by bestselling author Andrew Hallam who shares his strategies and the research that has been done on how to improve our life satisfaction levels. Andrew Hallam is the international best-selling author of Millionaire Teacher, The Nine Rules of Wealth You Should Have Learned in School, and Millionaire Expat: How To Build Wealth Living Overseas. His latest book, Balance: How to Invest and Spend for Happiness, Health, and Wealth, takes readers on a holistic journey of success. Profiled on such media as CNBC, and The Wall Street Journal, he's also the first person to have a #1 selling finance book on Amazon USA, Amazon Canada, and Amazon UAE. He has written columns for The Globe and Mail, Canadian Business, MoneySense, Internaxx, and AssetBuilder. Since 2016 he has spoken at businesses and international schools in over 30 different countries. In this episode, Keith, Marcelo, and Andrew talk about why we invest, what success looks like, the four quadrants of success, the importance of connection and relationships, the power of gratitude, saving for experiences, and so much more! Thank you for listening! Key Topics: Introducing Andrew Hallam (1:00) Why Andrew wrote Balance (5:11) Redefining success (7:10) Digging into why we invest our money (9:27) The four quadrants of success (11:42) Spending for life satisfaction (14:48) Why continuously upgrading reduces our life satisfaction (17:04) The desert island litmus test (20:18) What the Blue Zones teach us about relationships and life satisfaction (23:36) The importance of human connection (27:05) The happiness curve (30:47) Recognizing what matters most (33:02) Managing the social pressure to acquire status symbols (35:33) Setting boundaries for social media (37:29) Embracing appreciation (40:46) Improving your spending patterns (44:10) Aligning your spending with your values (46:19) Rethinking early retirement (49:53) Andrew's career as a high school teacher (52:49) The inspiration for writing Millionaire Teacher (55:09) What research shows about the benefits of working past 65 (1:04:15) Expanding your perception of time (1:07:12) Finding a sense of accomplishment and purpose (1:10:41) And much more! Thanks for Listening! Be sure to subscribe on https://podcasts.apple.com/us/podcast/the-empowered-investor/id1508663970 (Apple), https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy5jYXB0aXZhdGUuZm0vdGhlLWVtcG93ZXJlZC1pbnZlc3Rvci8 (Google), https://open.spotify.com/show/1mBnYMtqkbGqP2xyEThAUc (Spotify), or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112 Follow Tulett, Matthews & Associates on social media on https://www.linkedin.com/company/tulett-matthews-&-associates-inc/ (LinkedIn), https://www.facebook.com/TulettMatthewsAssociates/ (Facebook), and more! Follow The Empowered Investor on https://www.facebook.com/theempoweredinvestor/ (Facebook), https://www.linkedin.com/company/theempoweredinvestor/ (LinkedIn), and https://www.instagram.com/theempoweredinvestor/ (Instagram)

Everyone has the exciting decision to make about what kind of assets you want to invest in. If you have chosen Stocks and Bonds (or want a piece of your portfolio to include them), then I can think of no better books to read than Millionaire Teacher by Andrew Hallam, and Retire Before Mom and Dad by Rob Berger (as a side note, you may also wish to read A Random Walk Down Wall Street). Andrew Hallam became a millionaire even though he was a teacher, and Rob Berger is a lawyer who also was a Forbes deputy editor.  Stock investing has its own lexicon, its own unique behavior, and also its own culture. This can be very confusing and lead many investors to just throwing their hands up and randomly putting money in any fund because they don't know the difference. Sadly, there are several financial organizations that prey upon the ignorance of investors and encourage them to invest in much higher cost funds because the the sales-people get a bigger commission. Even worse, many groups deceive investors into thinking their funds are superior because they "actively manage" the investor's portfolio. Don't be one of them!  BIGGEST 3 TAKE-AWAYS: 1.) NEVER invest in an actively managed mutual fund. NO ONE CAN PREDICT THE MARKET. You're paying massive fees (sometimes as high as 1%+) just to underperform. 2.) The MOST proven way to succeed with stocks is a low-cost index mutual fund. (These can be as cheap as .02% in fees! Checkout Vanguard) 3.) For more autonomy, efficiency, and less involvement, but slightly higher fees, consider a life-cycle fund or a robo investor (~.2% for life cycle, and ~.35% for robo investors)    -Millionaire teacher - Andrew Hallam - the 9 rules of wealth you should have learned in school. -Retire before Mom and Dad - Rob Berger - the simple numbers behind a lifetime of financial freedom thegoldcrownpodcast@gmail.com www.thegoldcrownpodcast.com

 Andrew Hallam is the acclaimed author of the popular personal finance books Millionaire Teacher and Millionaire Expat, but he joins me today to discuss his latest book as it relates to money and happiness.The new book is called Balance:  How to Invest and Spend for Happiness, Health and Wealth and is available on January 18, 2022.If you have questions or comments about the podcast, please feel free to reach out through my website at evanneufeld.com 

It's the season finale for Season 13 of the More Money Podcast, can you believe it? Soon, we'll all be ringing in the new year and hopefully see 2022 be the fresh start we all need. Joining me again on the podcast for this very special episode is the international best-selling author behind one of my all-time favourite personal finance books , . Andrew is on the podcast today to talk about his new book , which explores how to spend and invest in happiness and why our definition of success needs to be redefined.  Andrew is a speaker, author, and personal finance writer. He's given personal finance talks in more than 32 countries but still finds time to travel the world, explore jungles and climb volcanoes with his wife. His new book, Balance, is a combination of personal anecdotes and behavioural scientific studies that aim to share how we can get happier and wealthier. Balance is available for pre-order now but will be available on January 18th, 2022.  I loved having Andrew back on the podcast and being able to chat about investing and why we are striving for things that we don't actually want. Our chat was the perfect way to end this year and look toward the future. I hope that you have a wonderful holiday and a happy new year and I'll be back in mid-January 2022! For full episode show notes visit: https://jessicamoorhouse.com/310

Andrew Hallam is a personal finance author and speaker from Canada. Hallam's book Millionaire Teacher is about becoming a millionaire on a teacher's salary and his latest book (which we will be dissecting today) is called Balance: How to Invest and Spend for Happiness, Health, and Wealth.  Stay tuned to learn how to use investing, happiness hacks, lifestyle ideas, and much more to live a fulfilled life! 

The Lifestyle Chase is piloting a new format where each episode is split into shorter segments published throughout the week of the interview. Andrew Hallam is the international best-selling author of Millionaire Teacher, The Nine Rules of Wealth You Should Have Learned in School and Millionaire Expat: How To Build Wealth Living Overseas. Profiled on such media as CNBC, and The Wall Street Journal, he's also the first person to have a #1 selling finance book on Amazon USA, Amazon Canada and Amazon UAE. He has written columns for The Globe and Mail, Canadian Business, MoneySense, Internaxx and AssetBuilder. Since 2016 he has spoken at businesses and international schools in over 30 different countries. In this episode we go over a bit of a preview of Andrew's upcoming book, Balance which you can pre order anywhere books are sold. We talk about how to invest and spend for happiness, health, and wealth. To learn more about your host, Chris Liddle, you can follow on IG @christianliddle , you can follow the show @thelifestylechase and you can head to invigoratetraining.com for all other things. To support the show, please subscribe on your favourite audio platform and on YouTube. Share the episode with a friend and leave a 5 star review. Thanks for your support!

The Lifestyle Chase is piloting a new format where each episode is split into shorter segments published throughout the week of the interview. Andrew Hallam is the international best-selling author of Millionaire Teacher, The Nine Rules of Wealth You Should Have Learned in School and Millionaire Expat: How To Build Wealth Living Overseas. Profiled on such media as CNBC, and The Wall Street Journal, he's also the first person to have a #1 selling finance book on Amazon USA, Amazon Canada and Amazon UAE. He has written columns for The Globe and Mail, Canadian Business, MoneySense, Internaxx and AssetBuilder. Since 2016 he has spoken at businesses and international schools in over 30 different countries. In this episode we go over Andrew's insights on cryptocurrency, investing, and the future of banking as we know it today. You can learn more about Andrew at andrewhallam.com. To learn more about your host, Chris Liddle, you can follow on IG @christianliddle , you can follow the show @thelifestylechase and you can head to invigoratetraining.com for all other things. To support the show, please subscribe on your favourite audio platform and on YouTube. Share the episode with a friend and leave a 5 star review.   Thanks for your support!

The Lifestyle Chase is piloting a new format where each episode is split into shorter segments published throughout the week of the interview. Andrew Hallam is the international best-selling author of Millionaire Teacher, The Nine Rules of Wealth You Should Have Learned in School and Millionaire Expat: How To Build Wealth Living Overseas. Profiled on such media as CNBC, and The Wall Street Journal, he's also the first person to have a #1 selling finance book on Amazon USA, Amazon Canada and Amazon UAE. He has written columns for The Globe and Mail, Canadian Business, MoneySense, Internaxx and AssetBuilder. Since 2016 he has spoken at businesses and international schools in over 30 different countries. In this episode we go over how being frugal is important but how it's equally important to have life experiences, memories, and a sense of purpose in order to be happy. You can learn more about Andrew at andrewhallam.com. To learn more about your host, Chris Liddle, you can follow on IG @christianliddle , you can follow the show @thelifestylechase and you can head to invigoratetraining.com for all other things. To support the show, please subscribe on your favourite audio platform and on YouTube. Share the episode with a friend and leave a 5 star review. Thanks for your support!

The Lifestyle Chase is piloting a new format where each episode is split into shorter segments published throughout the week of the interview. Andrew Hallam is the international best-selling author of Millionaire Teacher, The Nine Rules of Wealth You Should Have Learned in School and Millionaire Expat: How To Build Wealth Living Overseas. Profiled on such media as CNBC, and The Wall Street Journal, he's also the first person to have a #1 selling finance book on Amazon USA, Amazon Canada and Amazon UAE. He has written columns for The Globe and Mail, Canadian Business, MoneySense, Internaxx and AssetBuilder. Since 2016 he has spoken at businesses and international schools in over 30 different countries. We go over a bit of his story into how he became who he is today in this first segment. To learn more about him, head to andrewhallam.com To learn more about your host, Chris Liddle, you can follow on IG @christianliddle , you can follow the show @thelifestylechase and you can head to invigoratetraining.com for all other things. To support the show, please subscribe on your favourite audio platform and on YouTube. Share the episode with a friend and leave a 5 star review. Thanks for your support!

Host Liam Leonard talks about the completely, financially self-sufficient and exciting life of a modern day nomad: Andrew Hallam on this episode of The Prosperity Perspective Podcast. Andrew has been writing from locations across the globe, spending time adventuring from Singapore to Mexico. His financial stability began with investments at age 17 and has continued from there, where he now is busy acting as weekly speaker where he has now given speeches in 90 different places in 14 countries. If you're looking for advice on how to become financially independent and stable, how to create the life you want to live without sacrificing “retirement funds,” or even on how to gain greater life satisfaction today, you won't want to miss this episode. 3 Key TakeawaysWhy you need to look at a backwards design to properly predict your stock financial freedom numberWhy you may need to challenge yourself to get rid of your own “state points” and retire earlyWhy life is like a dark hourglassAbout Andrew HallamWhen Andrew Hallam isn't fighting off mosquitoes in tropical jungles, cycling up a mountain with his wife during a downpour or trying to drive to Argentina in a van, he's speaking and writing about happiness and personal finance. The former high school teacher wrote the international best-selling books, Millionaire Teacher and Millionaire Expat. His latest book is Balance: How To Invest and Spend for Happiness, Health and Wealth. Profiled on such media as CNBC and The Wall Street Journal, he's the first person to have a #1 selling finance book on Amazon USA, Amazon Canada and Amazon UAE. He has written columns for The Globe and Mail, Canadian Business, MoneySense, Swissquote and AssetBuilder. You can access his website at andrewhallam.comResourcesWebsite: andrewhallam.comPreorder upcoming book, Balance by Andrew Hallam!Twitter: @aphallamFB: MillionaireTeacherLinkedIn: Andrew Hallam

Ben is a millionaire educator from Ft. Collins Colorado.  He has a wealth of knowledge on teachers, financial independence and believes financial literacy is a critical social justice issue in America.  Ben's financial life changed by listening to a story on NPR and finding a community of like-minded individuals on bogleheads.org. 

Can you really retire early even with a small income? Andrew started his career as an English Teacher. After paying his student debts, he aggressively began investing in the market. During his mid-30's, he became a millionaire on a teacher's salary. And by age 40, he was more-than-comfortably financially independent. He is a Personal Finance Journalist, a Speaker, and the Author of international best-selling books Millionaire Teacher & the book that made me leave the Financial Services industry, Millionaire Expat AKA “The Book That Your Financial Adviser Don't Want You To Get a Hold Of” He's been featured on CNBC, The Wall Street Journal, Business Insider, and has written columns for The Globe and Mail, Canadian Business, MoneySense, Internaxx and AssetBuilder. Since 2016 he has spoken at businesses and international schools in over 30 different countries. He's also the first person to have a #1 selling finance book on Amazon USA, Amazon Canada and Amazon UAE. -- Jay Adrian Tolentino AKA “Kuya Jay” is a Financial Literacy Evangelist and an Independent Financial Coach based in Dubai. He holds certifications from the Chartered Insurance Institute UK (CII) - Award in Financial Planning and Award in Investment Planning, and from the Registered Financial Philippines - Associate Financial Planner (AFP) and Registered Financial Planner (RFP). He worked as a Consultant in one of the top brokerage firms in the UAE and a Yaman Coach under the Personal Finance Advisers (PFA) in the Philippines. He got featured in ABS CBN Balitang Global in April of 2019 for the Empowered Expats vlog along with Seigmond Abad. June 2020, he was given the Excellence Award in Insurance & Other Financial Services by the Filipino Social Club as part of the celebration of the Philippine Independence Day. Also last August 2020, he was invited to speak in Congress to represented the sentiments of many OF's regarding the mandatory 3% contribution being asked by Philhealth. He also hosts Business Mondays, Finance Fridays, and Real Talk On Real Estate thru his Purpose Driven Finance FB page & YT channel, which can also be listened to on Pera & Purpose Podcast available on Spotify, Apple Podcast and other major podcast platforms.

Mr. Hallam discusses his journey towards becoming a millionaire by the age of 38. --- Support this podcast: https://anchor.fm/the-wealthy-educator/support

Andrew Hallam | Personal Finance Speaker, International Bestselling Author and Investment Writer Highlights How we all trade our time for moneyWhy bland long-term investing WORKS!Why conquering the enemy in the mirror is THE best investment adviceHear Andrew's definition of wealthWhy knowing too much about investing CAN be more harmfulHow to spend like a millionaire…..this one will surprise you!What you see around you might not be the whole storyWhy BALANCE is critical in achieving financial healthThe power of finding a financial mentorThe value of added mini-retirements Links: Andrew's Website: CLICK HEREDownload chapter #1 from Andrew's new book!CLICK HEREMillionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School By Andrew HallamMillionaire Expat: How To Build Wealth Living Overseas By Andrew HallamMr. Money Moustache Blog:CLICK HERE

Join us for your weekly happy news fix! [02:09-06:01] Every Day Action, Inc [06:01-10:10] FedEd Carbon Neutral [10:10-14:32] Ida Holdgreves; Plane Sewer [14:32-17:43] Millionaire Teacher [17:43-21:31] Color Changing Stitches [21:31-26:54] Virtual Museum Roundup Become a Patron: patreon.com/HNNPodcast Links: linktr.ee/HNNPodcast Video: Youtube Social Media: @HNNPodcast Email: HNNPodcast@gmail.com --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/happynewsnetwork/support

If you've ever dreamed of financial freedom, wished for clarity on how to invest your hard-earned dollars, or wanted the confidence to just get started with investing today -- this episode is for you! Andrew Hallam, author of Millionaire Teacher, knows the power of starting small and investing in a low cost portfolio of index funds. He became a millionaire on a teacher's salary.   "Small amounts of money set aside over lengthy periods of time become like a snowball. It just starts growing and growing and growing," says Andrew. "I would love everyone to do it."   In this episode Andrew shares how anyone can turn a small income into a big portfolio, how to find the hidden fees that could be eroding your wealth, why actively managed mutual funds won't beat the market over time, and how you can start investing today with just one fund. @squawkfox @aphallam   C'mon over to https://www.squawkfox.com/become-a-millionaire/ to watch.

Ryan brings back Arjun and Carlos to the podcast. 1:16 - Why we're passionate for sports4:14 - Each of our favourite non-basketball sports icon10:50 - Arjun and Carlos reflecting on Uber rides16:04 - Jason and Arjun's most savage-like moment, Carlos being a witty jokester24:25 - Carlos' affinity for sneakers, Jason's favourite sneaker29:35 - Ryan briefly reflects on what he's learned from “The Millionaire Teacher”, Jason dropping a financial lesson on ETFs33:42 - Chicken wing flavour draft FOLLOW:@dudesinacar@ramillionz@carlosburr

Andrew Hallam became a millionaire at a very early age off a teacher's salary! He is also the international best-selling author of Millionaire Teacher, The Nine Rules of Wealth You Should Have Learned in School and Millionaire Expat: How To Build Wealth Living Overseas.  Listen to learn where you should be investing your money and what get-rich-quick schemes you should be avoiding! You don't have to be a millionaire to start killing your financial adversities!

Do you keep buying stuff to feel happy? Do you want to be happier, healthier, and wealthier without the burden of debt dragging you down? Financial Journalist Andrew Hallam has helped people around the world increase their wealth and find happiness without the trappings of material things. He's the author of Millionaire Teacher, and he's travelled far and wide finding what brings us true joy in life. The answer isn't stuff.   In this episode Andrew shares science-backed keys to happiness, why we pursue the wrong things and how to break the addiction, what true wealth is and how to reach it, and what you can do to improve your day-to-day life, no matter where you live and what you do. @squawkfox @aphallam Show Notes: https://www.squawkfox.com/material-things/

How do you define financial success? For the “Millionaire Teacher,” Andrew Hallam, it doesn’t mean working hard to acquire more wealth at the expense of your health and relationships. Wealth is happiness, and for Andrew, it means being able to spend all the time he wants with the people he loves. This is no pauper we are talking about. Starting as a Personal Finance teacher at the Singapore American School, Andrew became a millionaire by investing in his own financial education and braving the market with the knowledge he gained. He is now a sought-after financial wellness speaker and bestselling author of Millionaire Teacher and Millionaire Expat. Dig into his amazing story and learn from his valuable tips as you listen to the podcast with your host, Joshua Rhodes.

In this episode, I discuss how I have become more financially literate over the last few years through reading various books, attending a few seminars, and doing research online. Episode summary: [00:48] When I first learned about personal finance. [03:36] Millionaire Teacher by Andrew Hallam. [06:08] How much you need to retire with. [10:40] Why I found budgeting so important. [16:59] Why you MUST start investing early (Unshakable by Tony Robbins extract). [21:41] You are on your own race. [27:43] Car finance payments are stopping you from becoming financially independent. Twitter: @FinancialSon Email: financialfatherandson@gmail.com

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. Well, look no further. Andrew Hallam author of the Millionaire Teacher joins me today to explain how the share market works, what index funds are, why fees matter and what makes sense to be investing in. The Money Mindful podcast is all about creating the space for you to improve your relationship with yourself and money. You can expect to learn about your money mindset as well as practical information about making and managing money from expert guests and regular badass ladies, kicking goals and creating abundance in their lives. Hi there! I’m your host Meaghan J Smith; a teacher and life coach. I help women improve their relationship with themselves and money. How to create change from the inside out, so you can grow abundantly, in both your mindset and wellbeing. Get full show notes and more information here: http://moneymindful.com.au/ep34/ https://www.instagram.com/moneymindfulpodcast/ https://www.facebook.com/moneymindfulpodcast/

Andrew Hallam, the author of Millionaire Teacher and Millionaire Expat, is famous for building up a million-dollar portfolio of low-cost stock and bond index funds on a teacher’s salary. Since retiring from his profession in Singapore in 2014, the personal finance author now blogs about his experiences and delivers talks to investors across the globe. What’s unique about Mr Hallam’s method is that he shows investors how to manage their own money or how to find a suitable financial adviser who won’t charge ridiculous fees. With many investors keen to enter the markets following the crash and partial recovery during the pandemic, Mr Hallam’s strategy is simple: first build a globally diversified portfolio of low-cost index exchange traded funds, second invest regularly without speculating and third increase the amount you invest over time as your salary increases. So what do novice investors need to put in place to start their DIY investment journey? And how much attention should they pay to the current volatility in the markets amid Covid-19? Here, Mr Hallam joins podcast host Alice Haine, the personal finance editor of The National, to share his investment journey and explain how others can follow his lead.

In this episode we discussed the following: F.I.R.E = Financial Independence Retire Early: A movement where individuals are extreme savers and investors, which allows them to retire earlier than traditional retirement plans would allow. 30,000 days is an important number. It signifies how many days we live (on average). After sleep and work, we are usually left with little time to ourselves doing what we want. FIRE allows us to buy back our time as we have built up an investment portfolio that pays for our lifestyle. Just because you hit Financial Independence (FI), does not mean you must retire, it just means you have choices to do what you want (e.g. take a year out to travel the world like you always wanted to). During a 30 year professional career, Financial Father has seen a manner of different investment products and schemes that are supposedly designed to work in his favour. This was not always the case. Sometimes unwise financial decisions resulted in poor performance, even money back if he was lucky, or worse, ending up in smoke! After many years of working and learning about investing, he realises which investment asset classes work and which vehicles worked best, namely property rentals and the stock market through index funds. So for Joe Public or Mr Average member of the Public, they only need to focus on a savings habit, building an emergency fund, making regular monthly contributions to index funds, then stay the course. The wealth will build over time. One day, the financial resources will build up to a level that will support your living expenses. There are loads of books written on personal finance. Books we like to help get started on a personal finance journey include, for example, A Simple Path to Wealth by JL Collins, Unshakable by Tony Robbins, Millionaire Teacher by Andrew Hallum and Millionaire Next Door by Thomas.J.Stanley. The best time to start investing was yesterday...failing that today is better than tomorrow. Full show notes for this episode can be found here. Twitter: @FinancialSon Email: financialfatherandson@gmail.com

We often talk about better planning, reduced spending and a consistent long-term strategy on the show and today we have a guest who not only gives that advice himself but clearly lives it too! Andrew Hallam is the author of the new book Millionaire Expat in which he details some strategies for what has been called geographic arbitrage, or moving to another part of the world in order to maximize your financial independence! His earlier book, Millionaire Teacher took a similar approach to education abroad and he has built out his philosophy from there. We hear from Andrew about his definition of wealth and why so many people who earn a relatively large amount of money can never be called wealthy. Andrew lays out the researched correlations between happiness and money and more clearly between debt and misery. He also shares how he has approached spending, saving and budgeting in his own life and relationships before we get into some more technical investing topics such as the benefits of index funds and why many advisors try to persuade clients away from them. Andrew weighs in on finding the right advisor for your needs and when to seek out help with your portfolio. The last part of the show is spent on the topics of education and expatriation. Andrew is a strong believer in leading by example for your children to learn about money matters and he explains his reasons for moving abroad and the gains he has accrued. For all this from a wonderful guest, tune in today!   Key Points From This Episode: How Andrew defines the term 'wealthy' and why it does not depend on income. [03:43] Links between spending and happiness, and debt and misery. [06:51] How Andrew and his wife have managed their own values around spending. [11:55] Benefits and costs of borrowing; could you handle it if interest rates doubled? [13:32] Andrew's thoughts on index investing and why it is a good idea. [19:06] Common tactics that financial advisors use to steer clients away from index funds. [22:40] Advice for staying steady for the long term, through market volatility. [25:45] Considering the place of investing in gold and the 60/40 portfolio model. [27:46] Ignoring all the false information that gets broadcasted and sticking to the data. [35:05] Why to only consider certified financial planners and how much this cuts the options down. [39:53] Going it alone versus using professional advice; average reactions to volatility. [41:22] Education for the younger generation and Andrew's advice for parents. [45:18] Who could benefit from moving abroad and the idea of geographical arbitrage? [49:56] How Andrew defines success in his own life! The importance of relationships. [54:01]

Our regular host correspondent, Michael French, chats with world-renowned author, Andrew Hallam to discuss a whole array of investment topics, including how to retire abroad.  The Millionaire Teacherhttps://www.amazon.com/Millionaire-Teacher-Wealth-Should-Learned/dp/1119356296/ref=sr_1_1?keywords=millionaire+teacher&qid=1565905064&s=books&sr=1-1 Millionaire Expat: How To Build Wealth Living Overseashttps://www.amazon.com/Millionaire-Expat-Wealth-Living-Overseas/dp/1119411890/ref=sr_1_1?keywords=millionaire+expat&qid=1564761510&s=books&sr=1-1 Websitehttps://andrewhallam.com/ Knowledge Centerhttps://assetbuilder.com/knowledge-center

Our regular host correspondent, Michael French, chats with world-renowned author, Andrew Hallam to discuss a whole array of investment topics, including how to retire abroad.  The Millionaire Teacherhttps://www.amazon.com/Millionaire-Teacher-Wealth-Should-Learned/dp/1119356296/ref=sr_1_1?keywords=millionaire+teacher&qid=1565905064&s=books&sr=1-1 Millionaire Expat: How To Build Wealth Living Overseashttps://www.amazon.com/Millionaire-Expat-Wealth-Living-Overseas/dp/1119411890/ref=sr_1_1?keywords=millionaire+expat&qid=1564761510&s=books&sr=1-1 Websitehttps://andrewhallam.com/ Knowledge Centerhttps://assetbuilder.com/knowledge-center

Our regular host correspondent, Michael French, chats with world-renowned author, Andrew Hallam to discuss a whole array of investment topics, including how to retire abroad.  The Millionaire Teacherhttps://www.amazon.com/Millionaire-Teacher-Wealth-Should-Learned/dp/1119356296/ref=sr_1_1?keywords=millionaire+teacher&qid=1565905064&s=books&sr=1-1 Millionaire Expat: How To Build Wealth Living Overseashttps://www.amazon.com/Millionaire-Expat-Wealth-Living-Overseas/dp/1119411890/ref=sr_1_1?keywords=millionaire+expat&qid=1564761510&s=books&sr=1-1 Websitehttps://andrewhallam.com/ Knowledge Centerhttps://assetbuilder.com/knowledge-center

World renowned author, Andrew Hallam, and I discuss his fascinating life, how to invest for a bright future and why we should stay away form market media headlines. The Millionaire Teacherhttps://www.amazon.com/Millionaire-Teacher-Wealth-Should-Learned/dp/1119356296/ref=sr_1_1?keywords=millionaire+teacher&qid=1565905064&s=books&sr=1-1 Millionaire Expat: How To Build Wealth Living Overseashttps://www.amazon.com/Millionaire-Expat-Wealth-Living-Overseas/dp/1119411890/ref=sr_1_1?keywords=millionaire+expat&qid=1564761510&s=books&sr=1-1 Websitehttps://andrewhallam.com/ Knowledge Centerhttps://assetbuilder.com/knowledge-center

World renowned author, Andrew Hallam, and I discuss his fascinating life, how to invest for a bright future and why we should stay away form market media headlines. The Millionaire Teacherhttps://www.amazon.com/Millionaire-Teacher-Wealth-Should-Learned/dp/1119356296/ref=sr_1_1?keywords=millionaire+teacher&qid=1565905064&s=books&sr=1-1 Millionaire Expat: How To Build Wealth Living Overseashttps://www.amazon.com/Millionaire-Expat-Wealth-Living-Overseas/dp/1119411890/ref=sr_1_1?keywords=millionaire+expat&qid=1564761510&s=books&sr=1-1 Websitehttps://andrewhallam.com/ Knowledge Centerhttps://assetbuilder.com/knowledge-center

World renowned author, Andrew Hallam, and I discuss his fascinating life, how to invest for a bright future and why we should stay away form market media headlines. The Millionaire Teacherhttps://www.amazon.com/Millionaire-Teacher-Wealth-Should-Learned/dp/1119356296/ref=sr_1_1?keywords=millionaire+teacher&qid=1565905064&s=books&sr=1-1 Millionaire Expat: How To Build Wealth Living Overseashttps://www.amazon.com/Millionaire-Expat-Wealth-Living-Overseas/dp/1119411890/ref=sr_1_1?keywords=millionaire+expat&qid=1564761510&s=books&sr=1-1 Websitehttps://andrewhallam.com/ Knowledge Centerhttps://assetbuilder.com/knowledge-center

In this episode of the Canadian Investor we interview Andrew Hallam. Andrew is the author of the Millionaire Teacher, The nine Rules of Wealth you Should Have Learned in School. Andrew provides insights on his investing strategy, personal finances and other investing topics. We hope you enjoy this interview with Andrew! --- Send in a voice message: https://anchor.fm/the-canadian-investor/message

Having spent 35 years in the investment business in both Toronto and London, Larry Bates knows a thing or two about how the banks operate and how to be a savvy investor. Which is what inspired him to write his book Beat the Bank, which is all about how to beat the bank at their own game…namely getting rich off you, not helping you get rich! In his book, Larry provides insight into how the investment industry in Canada works, and how best to achieve higher returns through the use of better investment products. In other words, it’s time to stop investing in high-fee actively-managed mutual funds from the bank in favour of index funds or index-ETFs using a robo-advisor or self-directed investing using a discount brokerage. Seeing as this podcast is in its 10th season, I’ve interviewed hundreds of authors and money experts on this show, but I’ve gotta say, if you’re Canadian and you’re looking for a good intro to investing book, this is it! This is my new go-to recommendation (in addition to my other favourites like Millionaire Teacher by Andrew Hallam, Wealthing Like Rabbits by Robert Brown, and The Value of Simple by John Robertson). If you want to start your investing journey and want a non-dry book on investing in Canada, you need to grab this book. You will not be disappointed! Also, don’t forget, I’m giving away a copy of his book! To enter to win you just have to visit jessicamoorhouse.com/contests. For full episode show notes, visit https://jessicamoorhouse.com/223

I read a lot of personal finance books. I also read a lot of niche books on retirement planning. And I’ve gotta say, most of them are so dry it takes me months to finish them. Not Victory Lap Retirement by Mike Drak though. I was given this book (the 1st edition) by Mike’s co-author Jonathan Chevreau at the Canadian Personal Finance Conference a few years ago, and even though it took me until last winter to finally read it…I loved it! I’d say the only other book that I whipped through in record time was Andrew Hallam’s Millionaire Teacher. So, once I finished reading it, on top of telling everyone I know to read it, I made a plan to get Mike on the show. And here is that episode! Mike Drak is a 38-year veteran of the financial services industry, so when he started his victory lap in 2014, he felt compelled to write a book about what he knew on the subject. That and he found that all the retirement books out there only talked about saving up enough for retirement, not what life in retirement actually meant. Something to get excited about too, his second book titled Retirement – Heaven or Hell? is coming out in 2020. Now, what I love most about Mike’s concept of victory lap retirement is that it’s a way to stop thinking of retirement as an end to something. I honestly dread the idea of retirement. It means you’re done with your career and are basically in the last phase of your life. I know many people think of retirement as one big vacation and what’s not to love about that, but for me it always fills me with dread and panic. I don’t want to just hang out with nothing to do and just watch the clock tick. I love working! I love having a purpose! I don’t want to retire! Mike agrees. We need to stop this idea of full-stop retirement and think of “retirement” as point in your life in which you’ve reached financial independence (you have enough money or assets to live on without working again) so you can do whatever you want with very little risk taken. It’s when you can start a second career, or just devote your time how you want, not how you have to because you need to earn money. For me, the concept of victory lap retirement fills me with hope, not dread. So if you ever feel a bit panicked when you start thinking about retirement, read this book (and obviously listen to this episode!). Visit jessicamoorhouse.com/contests to enter to win a copy of her book! For full episode show notes visit https://jessicamoorhouse.com/208

Gavin coaches people so they can organise their knowledge and monetise it. He is a master at marketing and branding. In this episode, we discuss: 1. His story, what led him to follow his passion 2. The digital world we live in today and its opportunities 3. Why have your personal brand and how to get started 4. How to monetise your knowledge and personal brand Follow him on Instagram @gavindantez

My guest today is Andrew Hallam. Andrew is originally from Canada and taught English and Personal Finance internationally for 11 years, setting him up nicely to become a best selling author of the financial guides; Millionaire Teacher and Millionaire Expat while consistently contributing to international publications. We are lucky to have him at Green School this week to share his no-nonsense ideas about saving and investing and preparing for retirement with our students, teachers and parent community. His ideas have an authenticity to them that are hard to ignore and I think you’ll enjoy his thoughts on how schools can make learning ‘authentic’ for our students.

Globetrotting author Andrew Hallam joins Dan to talk about the new edition of his bestselling book, Millionaire Teacher. Dan considers whether indexing investing has become too popular, and answers a reader’s question about how a portfolio should evolve as you move toward retirement. For complete show notes, visit canadiancouchpotato.com/podcast.  

Welcome to Ireland's #1 Financial Planning Blog & Podcast. Our purpose is to help you make informed decisions with your money, and importantly to avoid some costly mistakes that they rest of us have made! We are aiming to make this THE home of Financial Planning ideas and insight for normal people in Ireland!   This week, after last weeks' cracker about clearing your loans at 32, we are back with a bang, and what more do we love than a good oul list! Which is ironic seeing as only recently I had the fortune to have attended a Workshop on using Mind-Maps....which suggest that lists are the devil's work and that our brains hate lists really. I have to say I am a fan of Mind-Maps now, I'm converted, so don't be surprised if I land a financial one on you all in the very near future! It was actually doing a Mind-Map for myself that got me thinking about what is absolutely of most importance to me at the moment in terms of personal, family, career etc. It got me thinking of what we might say to an 18 year old version of ourselves, had we the chance to go back and give ourselves a right good talking to!! So here's my take on the 5 Simple Things I would encourage myself to have done financially from that age:   Be A Life-Time Learner: Personally I'm a little late to this party, only really getting into 'informational sponge' mode in the past 5 years. Had we forced ourselves as 18 year old's to read, and be curious about all things financial it probably fair to say we would be in a much better position financially than we are currently. So if you have found that you are still a little financially illiterate (you couldn't be if you are reading this right!!) then may I suggest starting with this book, a true gem; Millionaire Teacher.    Harness The Power Of Compounding: We have flogged this one to bits here at Informed Decisions but there is absolutely no escaping what Einstein referred to as the 8th wonder of the world. Imagine starting off at 18 years of age saving €250 per month. If you achieved a growth of 6% per annum, by the time you are 48 years of age this is worth €250,000, you yourself contributed a mere €90,000, the rest, €140,000 was magiced-up via compound interest....what possibly are you waiting for dear friend!   Become An Owner As Early As Possible: We believe that owning is much much more advantageous than borrowing. Take a home, for most us we need to be a borrower before we can be an owner.....the earlier you borrow the earlier you own (clear the friggin mortgage!). Despite the ups and downs of property value it is quite often clear to see that the sooner you can get onto that ladder, barring disaster, you may well stand to benefit earlier. The very same can be said of owning investment assets, be they property, equities, or other, it is much better from a long term returns perspective, to own as opposed to borrow, which you essentially are doing by owning Deposits Accounts!   Spend What You Have Left After Saving: Another that we beat the drum about here. Nobody enjoys the process of actually delaying gratification (usually!). Why would I save this money when I can out on the town tonight with my pals and have a whale of a time!?! By removing this choice from our hands we are ensuring that while still enjoying enough nights-out, that we also squirrel some money aside to realise our goals in the future, whatever they may be. It is so easy now to set up standing orders and savings accounts online that there is really no excuse not to, right now, go and set up a standing order out of your current account and into a savings account, the day after pay-day! Again, what oh what are you waiting for dear friend!? Most of the time people find that they can adapt to the new spending amount, so it's a win-win! And while you are at it I'd also make sure to know exactly what is coming in and what is going out each month....and to turn up or down the savings element whenever the situation warranted it...the art of budgeting!   Keep An Eye On The Small Print: So many people are swamped with jargon and terms and conditions when they do anything remotely financial related. Unfortunately it is usually one EU regulation or another that is insisting that you get this stuff. However the providers of these materials don't always make it easy for you to understand and digest them. One of the biggest culprits here is the fees and charges that you may be paying on financial products, savings, pensions, investments. These fees vary so so wildly from provider to provider that the difference between one and another can be a staggering amount of money.......make sure that that difference is in your pocket. Always always, as painful as it might be make every effort to know exactly what the fees are before you enter into anything......if you can't bring yourself to do it then ask someone for help!   So there you have it.....our 5 Simple Things....Simple but not necessarily easy....but hey nothing worthwhile is easy right!? However with a bit of knowledge and some good old fashioned effort we believe they are realistic, timely and above all hugely impactful for anyone to apply. You might want to send this or share it with someone who could do with the nudge! Oh, and we are going to be introducing an element of 'readers & listeners questions' on the show every few weeks, so if you have any question you would like answered on the show just pop me an email here and I will do my utmost to include it in the next weeks' show and to answer it coherently!! Thanks a mill for reading....... Paddy Delaney QFA | RPA | APA | Qualified Coach

I rarely do this, but I just had to put out this special episode to share some really important announcements I don't want you to miss! First off, the next season of the podcast (Season 5 if you’re counting) will officially kick off on Wednesday, Sept. 27 with a fresh new episode! This season has a great line-up of guests and a lot of the interviews focus on making money and earning more to help your finances, so you definitely want to tune in! Another thing that’ll be happening on Sept. 27 is my book club! I started a book club in the summer and I want you to join in for the next one. It'll be going down in my Facebook group (Money Life Balance Community) on Sept. 27 at 7pm ET and we're reading Millionaire Teacher by Andrew Hallam. He'll also join us live for the book club, so you won't want to miss that! To learn more, visit https://jessicamoorhouse.com/bookclub Something that’s happening even before all that is a very special event I’ll be doing in my hometown! For all of my Vancouver friends, I'm going to be hosting my Millennial Money Meetup in Vancouver on Monday, Sept. 18, so visit http://millennialmoneymeetup.com to get your tickets before they're sold out! Last but not least, if you missed out on your chance to register for the Rich & Fit Bootcamp this past June, fear not because the doors are opening once again. Sign up for updates at http://richandfitbootcamp.com to be the first to know when you can enroll!

Want to become a millionaire, but don't think you'll ever earn a crazy salary? Millionaire Teacher author Andrew Hallam shares why it's not how much you earn, it's how much save and invest that's truly important. Long description: I don't normally, or ever, get excited about investing books. Since I started the podcast, you wouldn't believe how many authors, agents and publishers infiltrate my inbox with their latest investing book they like me to check out. Hey, it's nice to get free books to check out, but I've got limited time and I can really only sit down and spend time with the books I know my blog readers and podcast listeners will love to. Millionaire Teacher by Andrew Hallam is one of those books. To find out more about the book and what you can expect to learn when reading it, check out my book review. I think the single most fascinating thing about Andrew's book is that his strategy for investing and becoming a millionaire isn't anything we haven't heard before. He preaches living within your means, not spending like a millionaire before you are, and sticking to simple index funds and ETFs for your portfolio. Then just be patient and consistent. That's it! There's no such thing as a get rich quick strategy that's not a total scam, and the only way to truly build wealth is by being mindful with your money and intentional with your spending. It's that simple. I'm not exaggerating when I say that I whipped through his book in a weekend and then couldn't wait to tell the world about it. His book actually made me realize "Hey, if he can do it on a teacher's salary, my husband and I can do it as two self-employed people." We're still young, we've moved our investments over from actively managed mutual funds to low-fee ETFs, and we're making a very conscious effort to curb our spending and living a frugal lifestyle. I'm not exactly sure if we'll be able to attain millionaire status like Andrew did at 38 (that's only 8 years away), but you never know! I'll just be happy if we can achieve that in our late 40s or 50s, and I'm excited to put Andrew's tips into practice to help us get there. Also, in case you're scratching your head about the giraffe photo I mentioned at the end of the episode, when I was emailing Andrew to set a date to chat for the podcast, he was travelling around Kenya. Because he's awesome, he shared this really cute photo of himself getting headbutted by a giraffe and I literally laughed out loud when I got it. So there you go! Check Out Andrew's Books Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School The Global Expatriate’s Guide To Investing – From Millionaire Teacher to Millionaire Expat Andrew's Investing Book Recommendations The New Coffeehouse Investor: How to Build Wealth, Ignore Wall Street, and Get on with Your Life by Bill Schultheis The Lazy Person’s Guide to Investing: A Book for Procrastinators, the Financially Challenged, and Everyone Who Worries About Dealing With Their Money by Paul Farrell The Smartest Investment Book You’ll Ever Read: The Simple, Stress-Free Way to Reach Your Investment Goals by Daniel Solin The Elements of Investing by Charles Ellis How a Second Grader Beats Wall Street: Golden Rules Any Investor Can Learn by Allan Roth Follow Andrew on Social Like Andrew on Facebook Follow Andrew on Twitter For more podcast episodes, check out the podcast page. Show notes: jessicamoorhouse.com/106

Andrew Hallam became a millionaire on a teacher's salary then retired before the age of 40!   He's a bone cancer survivor, elite athlete, and author of the best-selling book Millionaire Teacher.   You'll be amazed when you hear his story about the mechanic who changed his life forever!   -- Learn more about Andrew Hallam at https://andrewhallam.com   Theme music written and performed by Eric Hutchinson.   More Episodes and Information at https://www.guystellingstories.com 

Not everybody gets life changing investment advice while working a summer job pumping gas in Canada, but my guest today had just that happen to him.Serendipity was smiling on Andrew Hallam when he chatted up the garage mechanic about life and money. Turns out he was a millionaire thanks to some responsible investing and its consistent returns.   This got Andrew thinking and interested in the world of investing.While not the millionaire mechanic, Andrew instead became the millionaire teacher. Not content to just revel in the freedom, Andrew went on to share his knowledge via a regular column, two books Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School, The Global Expatriate's Guide to Investing: From Millionaire Teacher to Millionaire Expat and of course this very podcast.This extended interview covers the basics of investing for international teachers.  It is a must listen!BioAndrew Hallam is an international bestselling author of Millionaire Teacher and The Global Expatriate's Guide To Investing. Personal finance columnist for The Globe and Mail (Canada's national newspaper) and AssetBuilder (a financial services company based in Texas).  He is currently teaching in Singapore.Connect with Andrew AndrewHallam.com Twitter Andrew's blog on Asset BuilderResources Mentioned Wealthfront Betterment Asset Builder Vanguard Target Retirement Funds

Why financial advisors are not always in your corner. "Learn to master money, and not let money master you." -Andrew Hallam The Cheat Sheet: How much would the average US stock from 20 years ago have earned you today? How $6.45 a day can get you a million dollars in 39 years. Why budgeting doesn't work, and what to do instead. Auto loans: why they're a bad idea. Who is Saint Jack and why should you care? And so much more... Nearly anyone in any industry or profession, with proper education, planning and execution can become a millionaire: true or false? True according to our guest for episode 354. Today Andrew Hallam, former finance teacher and author of Millionaire Teacher joins us to talk about the secret to compound interest, how to wisely invest, how to dig yourself out of debt and a host of other finance-related topics. Listen in for all of that and so much more on the 354th edition of The Art of Charm. More About This Show: Very often people believe unless they are making millions of dollars there's no way they can become a millionaire. How could a teacher or a mechanic ever reach millionaire status? By saving and investing wisely and consistently over time, according to Andrew Hallam. And Andrew would know: he taught personal finance to the children of some of the world's most high-octane, Type A business parents. He also wrote the Amazon top-ranked book, Millionaire Teacher. He didn't start out with such lofty upbringing though; he has blue collar roots and earned his way through college, the first of his family to do so. While he was working one summer he met a mechanic who was a millionaire and that man taught him to learn to master money and not the other way around. One of Andrew's keys to mastering money has been understanding the beauty of compound interest. Andrew learned to invest a small amount every month at a young age, and to do so consistently over time while watching that money grow, and grow and grow. On today's show he explains how investing as little as $6.45 a day can become a million dollars over the course of 9 years, he goes into detail on how compound interest makes this possible and how we can start doing this today. But what if you're like millions of people who have credit card debt? Should you still invest while paying off your balance? Not according to Adam. Instead of investing, where you're getting a 9% return on your investment, pay off your credit cards because the average card is charging 18% interest. So take the money you were going to invest and pay down your credit cards. And here's a trick to paying them off even faster: write out exactly how much you owe on a slip of paper and then write the date by which you'll have them all paid off. Take that piece of paper and post it somewhere you'll see it every day, like your bathroom mirror. Look at it and remember you're on your way to mastering your money, and not letting your money master you. Once you're on your way to having paid off your credit cards and you're ready to invest for your future, set up an automatic transfer to your 401(k) or to a separate account which you use only to invest for retirement. And if your company offers to match your 401(k) investment make sure you take advantage of it. On the subject of where to invest, Andrew also has a suggestion: try the Vanguard Index. This particular index is set up by a company called The Vanguard Group, and the index is structured in such a way that you don't pay a sales commission. That means there are no fat cats and no shareholders who are making extra bucks off of you, as is the case with so many other financial packages and financial advisors. If you want to try another option, you can go with Fidelity's Index funds as well. But in most other instances he says the banker or financial advisor who is supposed to be helping you will really be concerned with making money for themselves and their employer first and foremost. On this episode Andrew also explains which assets are appreciating (and worth taking loans out for) and which are depreciating, and why auto loans are such a bad idea. He gives us plenty of actionable suggestions to get us started on the road to financial freedom, so have a listen and make a move after you do! Let's thank Andrew for sharing his wealth of knowledge (pun intended) and for sharing his time so generously. And thank you for being here, having you listen in is always appreciated. We'll see you next time on The Art of Charm. THANKS ANDREW HALLAM! If you enjoyed this session of The Art of Charm Podcast, let John know by clicking on the link below and sending him a quick shout out on Twitter: Click here to thank Andrew on Twitter! Resources from this episode: Andrew Hallam's web siteAndrew Hallam on TwitterMillionaire Teacher, Andrew Hallam's book You'll also like: -The Art of Charm Toolbox -Best of The Art of Charm Podcast Wanna leave a comment? Too bad! Email me instead (we read everything)! HELP US SPREAD THE WORD! If you dug this episode, please subscribe in iTunes and write us a review! This is what helps us stand out from all the fluff out there. FEEDBACK + PROMOTION Hit us up with your comments and guest suggestions. We read EVERYTHING. Download the FREE AoC app for iPhone Email jordan@theartofcharm.com Give us a call at 888.413.7177 Stay Charming!

Have you dreamed of living as an expat? The Millionaire Teacher, Andrew Hallam, knows what you need to be successful financially while living abroad. MMS025: Living As An Expat – What You Need To Know appeared first on Money Mastermind Show.