Andrew Hallam (Part One): How I Became a Millionaire on a Teacher's Salary
#212: It’s September!! If you’ve been listening to the show for the past few months, then you know that I’m on what I’ve dubbed my September Sabbatical, in which I’m taking a break from podcast production and traveling the globe.
In light of that, we’re digging through the archives and airing some of my favorite interviews on the show, in between airing interviews I’ve done on other podcasts.
First up is a two-part interview with Andrew Hallam, a teacher who became a millionaire in his 30s and reached FI in his 40s.
How? Beyond investing small sums (we’re talking less than $100 per month) throughout college, he also saved half of his starting salary of $28,000.
This episode is for anyone who thinks it’s impossible to reach FIRE on a low salary.
I originally interviewed Andrew in January 2017, and we could not stop talking. Which is why our three-hour interview was divided into two parts.
In this first part, Andrew shares his story - how he became a millionaire, and why he wanted to achieve FIRE in the first place.
He also shares three principles from his book, Millionaire Teacher: Nine Rules of Wealth You Should Have Learned in School:
Rule 1: Spend like you want to grow rich. (Don’t waste money on junk.)
Rule 2: Use the greatest financial ally you have. (Time.)
Rule 3: Small percentages pack big punches. (Avoid high-fee funds.)
As for the other six, they’re coming up in Part 2. :)
P.S. - We’ll return to our regular podcast production schedule in October!
For more information, visit the show notes at https://affordanything.com/episode212