This guy hit college as an adult. He knew who he was and where he was going and doesn't talk about drama or make excuses. Until you grow up you can't build wealth. I've seen people who made a heck of a lot of money who never grew up and in the end they were broke and crying about how much they used to make.
I guess Im randomly asking but does anyone know a way to get back into an Instagram account..? I was stupid lost the login password. I love any tips you can give me
A great mentor who changes your life is like a compass helping you navigate the uncharted path in life. Become a mentor - you can make such a positive impact in someone else's life.
Many thanks, Paula, for having Andrew share his wonderful everyday millionaire journey. I relate perfectly to what he did: e.g., all my coworkers buy meals every day plus drinks plus snacks but I make all my meals at home and cook every day, saving over $10,000 per year there alone. Everyone else has a car, but I have been walking to and from work and, where necessary, travelling by bus, saving over $10,000 per year on the cost of owning a car. These and other daily choices, habits and decisions add to millions of dollars over the decades!
Just recently starting doing this!!!!!!!!! Not eating out everyday with the coworkers & I sold my car (I live in a city, I wasn't driving it anyways) and am commuting to work. Can't wait to pay off most of this debt and go in on investing!
What I find fascinating is that most people can become incredibly wealthy whether in a dual income household or solo earner, but I think a lot of fear and comfortability takes hold which stops people from committing.
Good advice for teachers and others too! Super discussion on teaching and managing funds, we have our own as well that teachers might enjoy. I am loving how many good people are making helpful resources for education!
i'm obsessed with your channel, not only you have all kinds of people with different methods that come over and share their knowledge but you kind of break it so someone like me (who doesn't know terms yet and is just getting her head wrap around things can understand). My husband and I are very interested in investing in real state and have passive income trickling in for later retirement, or just not being dependant on our 9-6 jobs. I find so interesting what is important for people, for me for example family, living comfortably in a house i love (i'm a home body) in an area i like to walk around. Interested in some travelling though not really into travelling the world, mostly family vacations, but will like to take years off as they come to enjoy life, do art and just be with my husband and kid.
The content of this interview has blessed me greatly and answered a question I'd been pondering for years. It was the final piece of my investment puzzle.. Thank you both for this interview. (No stopping me now!)
I tried to invest online. But because I'm not a US citizen or resident, I was denied access to different platforms. So how can i invest in low index funds that you described while being a foreigner?
Forget the rest of the other comments. You need to exchange money into Dollars and send it to an off sure broker who charges very low fees that will invest in Vanguard for you such as Interactive Brokers.
Hi A khalil, I'm I. Canada and to answer your question, yes you can own index funds without being a US citizen. The difference is that you have too purchase ETF's instead of index funds. They're both very similar as they work in the same fashion. Check them out.
His MATH doesn’t add up AT ALL. He claimed he had built his portfolio “to 7 figures in 2011 having invested for 12 years.” And that it was “through a combination of individual stocks & index investing” & that “he was outperforming the market 2% every year over the 12 years” Here’s a HUGE Math problem - from 1999 - 2011 the time period he’s mostly invested in stocks the S&P returned 0%. On Jan 1, 1999 the S&P 500 was 1248.77 on Jan 1, 2011 it was 1,282.62. It’s referred to as the lost decade. So he did 2% ROI over a decade & grew $12K a year into 7 figures? NO HE DID NOT! Fictional stories like this are harmful to others.
No, he might add money from multiple jobs in his portfollio so it does not mean he gained high ptofit from stocks only but also adding active income into portfollio to expand it.
Good Audio But how much did he have at age 40? lol she said And by age 40, Andrew was more-than-comfortably financially independent. No number was given that was kinda funny.
Are you saying that he's not credible (because there is a lack of actual numbers)? I guess one can always google him if one wants to know more about him.
So if you are a millionaire in your 30sand then become financially free in your 40s, what does that mean? Sounds like you went backwards...or is it a millionaire on paper somehow but not in reality ( money in the bank)
from my understanding financially free is when you don't have to work unless u want 2. You make enough passive income that covers ur annual expenses. 1million at 30 is not enough to stop working and won't last you 55+ years (assuming you live until 85+)
This guy hit college as an adult. He knew who he was and where he was going and doesn't talk about drama or make excuses. Until you grow up you can't build wealth. I've seen people who made a heck of a lot of money who never grew up and in the end they were broke and crying about how much they used to make.
So true.👍🏼
I guess Im randomly asking but does anyone know a way to get back into an Instagram account..?
I was stupid lost the login password. I love any tips you can give me
I am a Cambodian. I'm so surprised to hear what you had done for devastating Cambodian families. Thank you, Andrew Hallam!
A great mentor who changes your life is like a compass helping you navigate the uncharted path in life. Become a mentor - you can make such a positive impact in someone else's life.
Many teachers are underpaid and overworked. Glad Andrew is able to break the cycle for teachers...if they choose to take his advice.
This remains one of my favorite videos on youtube.
Many thanks, Paula, for having Andrew share his wonderful everyday millionaire journey. I relate perfectly to what he did: e.g., all my coworkers buy meals every day plus drinks plus snacks but I make all my meals at home and cook every day, saving over $10,000 per year there alone. Everyone else has a car, but I have been walking to and from work and, where necessary, travelling by bus, saving over $10,000 per year on the cost of owning a car. These and other daily choices, habits and decisions add to millions of dollars over the decades!
Just recently starting doing this!!!!!!!!! Not eating out everyday with the coworkers & I sold my car (I live in a city, I wasn't driving it anyways) and am commuting to work. Can't wait to pay off most of this debt and go in on investing!
No car here as well.
He was doing well picking individual stocks and still course corrected. That takes incredible humility.
Wow 70 miles cycling commute. Respect.
Calculate how long that would take X2
What I find fascinating is that most people can become incredibly wealthy whether in a dual income household or solo earner, but I think a lot of fear and comfortability takes hold which stops people from committing.
Wish i knew you back in my early 20s....not too late to save.
ImTia Ros I know right???
Good advice for teachers and others too! Super discussion on teaching and managing funds, we have our own as well that teachers might enjoy. I am loving how many good people are making helpful resources for education!
i'm obsessed with your channel, not only you have all kinds of people with different methods that come over and share their knowledge but you kind of break it so someone like me (who doesn't know terms yet and is just getting her head wrap around things can understand). My husband and I are very interested in investing in real state and have passive income trickling in for later retirement, or just not being dependant on our 9-6 jobs. I find so interesting what is important for people, for me for example family, living comfortably in a house i love (i'm a home body) in an area i like to walk around.
Interested in some travelling though not really into travelling the world, mostly family vacations, but will like to take years off as they come to enjoy life, do art and just be with my husband and kid.
The content of this interview has blessed me greatly and answered a question I'd been pondering for years. It was the final piece of my investment puzzle.. Thank you both for this interview. (No stopping me now!)
This is just simply amazing! Thank you Paula and thank you Andrew. I thoroughly enjoyed this interview!🌹🌹🌹
Biking in the snow is a truly Canadian thing. Biking in the rain is a Vancouver, B.C. thing.
Paula, does Vanguard operate in Mexico? I would love to learn more about low cost index funds. Thanks!
im falling in love with Andrew...crazy frugal weirdo...lol
Hi Andrew, I live in Bahrain and I was wondering if you know what the best platform for trading in this part of the world may be? Thank you
Thank you
Ok, you lost me at bike.
awesome mentor
what is his first investment?
Paula's forced laugh is difficult to listen to.
I really don't care about Paula's laugh. I am listening for content. Plain and Simple.
I tried to invest online. But because I'm not a US citizen or resident, I was denied access to different platforms. So how can i invest in low index funds that you described while being a foreigner?
Have you tried Vanguard?
JL Collins talks about it a little in his blog put the comments from users provide very specific examples in Europe and Canada
@a khalil where do you live and what is your status there?
Forget the rest of the other comments. You need to exchange money into Dollars and send it to an off sure broker who charges very low fees that will invest in Vanguard for you such as Interactive Brokers.
Hi A khalil, I'm I. Canada and to answer your question, yes you can own index funds without being a US citizen. The difference is that you have too purchase ETF's instead of index funds. They're both very similar as they work in the same fashion. Check them out.
His MATH doesn’t add up AT ALL. He claimed he had built his portfolio “to 7 figures in 2011 having invested for 12 years.” And that it was “through a combination of individual stocks & index investing” & that “he was outperforming the market 2% every year over the 12 years” Here’s a HUGE Math problem - from 1999 - 2011 the time period he’s mostly invested in stocks the S&P returned 0%. On Jan 1, 1999 the S&P 500 was 1248.77 on Jan 1, 2011 it was 1,282.62. It’s referred to as the lost decade. So he did 2% ROI over a decade & grew $12K a year into 7 figures? NO HE DID NOT! Fictional stories like this are harmful to others.
High Testosterone Thank you for noticing
No, he might add money from multiple jobs in his portfollio so it does not mean he gained high ptofit from stocks only but also adding active income into portfollio to expand it.
From 2003 to 2011 it doubled. You skipped the dot com crash which allowed him to “buy the dip”
Good Audio But
how much did he have at age 40?
lol
she said And by age 40, Andrew was more-than-comfortably financially independent.
No number was given that was kinda funny.
Are you saying that he's not credible (because there is a lack of actual numbers)?
I guess one can always google him if one wants to know more about him.
They say that he was a millionaire by his mid thirties.
So if you are a millionaire in your 30sand then become financially free in your 40s, what does that mean? Sounds like you went backwards...or is it a millionaire on paper somehow but not in reality ( money in the bank)
So Hara frugal weirdos work and have the money in the bank
from my understanding financially free is when you don't have to work unless u want 2. You make enough passive income that covers ur annual expenses. 1million at 30 is not enough to stop working and won't last you 55+ years (assuming you live until 85+)
❤
clam digger 😆😆😆