Millionaire teacher’s first rule of Wealth
December 29, 2011
By Sheryl Smolkin
High School English teacher Andrew Hallam started investing when he was 19. In an excerpt from his book Millionaire Teacher published on moneyville.ca, Hallam talks about the benefits of starting to save early and the power of compound interest:
“…Buried in the dull pages of most school math books is something that’s actually useful: the magical premise of compound interest.
Warren Buffett applied it to become a billionaire. More importantly, so can you and I’ll show you how.
Starting early is the greatest gift you can give yourself. If you start early and if you invest efficiently (in a manner that I’ll explain in this book) you can build a fortune over time, while spending just 60 minutes a year monitoring your investments.”Save Early, Save for retirement, Save Often