- Paperback: 416 pages
- Publisher: John Wiley & Sons Inc; 2nd edition (December 15, 2017)
- Language: English
- ISBN-10: 9781119411895
- ISBN-13: 978-1119411895
- ASIN: 1119411890
- Product Dimensions: 5.9 x 1.3 x 9 inches
- Shipping Weight: 544 g
- Average Customer Review: Be the first to review this item
- Amazon Best Sellers Rank: #1 in Books (See Top 100 in Books)
Millionaire Expat: How To Build Wealth Living Overseas Paperback – 15 December 2017
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From the Inside Flap
Few expats realize how much they're giving up when they choose to work abroad. For example, many public sector workers in the U.S., Canada, U.K., and Australia earn generous government benefits. As a result, they retire with more disposable income than most career expatriates. But it doesn't have to be that way. Andrew Hallam shows expats how to build stock market wealth.
And he shows where dangers lurk. Financial salespeople abroad often slither into expat workplaces. They cold-call you at home. They e-mail you at work. They sell the worst financial products in pursuit of huge commissions.
Millionaire Expat shows how to avoid such snakes. It shows how to spend just 90 minutes a year on an investment portfolio and beat most professional investors. Nobel Prize winners in economics agree with Hallam's strategy. Warren Buffett does too.
Whether you're from the United States, Canada, United Kingdom, Australia, New Zealand, South Africa, South America, Ireland, Europe, or Asia, Millionaire Expat has a tailored portfolio for you. But many people are terrified to invest on their own. If that describes you, there's no need to worry. Millionaire Expat also shows how to find the right kind of advisor. These aren't the typical, financial snakes in suits. These are certified experts, trained to follow the principles that are outlined in this book.
Hallam's final two chapters offer a hands-on activity. Using your personal goals, he shows how much money you'll need to save for retirement.
You don't need a massive income to build the retirement you deserve. Let Millionaire Expat be your guide.
From the Back Cover
"Wise investment advice delivered with clarity and humor." --Burton G. Malkiel, author of A Random Walk Down Wall Street, 11th Edition
Praise for MILLIONAIRE EXPAT
"Millionaire Expat pulls the cover off a septic 'investment' industry overseas. Andrew Hallam brilliantly explains how armies of untrained financial salespeople service expats the way Bonnie and Clyde used to service banks. No responsible employer would let a new expatriate begin working without first handing them a copy of this important book." --Sonny Wadera, MBA, financial security advisor, Kelson Financial
"I like to think of Andrew Hallam as the Johnny Appleseed of Index Investing. He travels the world, introducing his fellow expats to the humble miracle of low-cost investing. That same investing is the best path to a well-funded and independent future. If he comes your way, make every effort to meet him. Listen carefully. Whether you meet him or not, read this book. First, you can use it as a shield against blood-sucking sales people. They will gladly drain the return on your savings to line their pockets. They will happily deprive you of a well-funded future. But there is a more important use for Millionaire Expat It will be your detailed road map. It tells you exactly how to save and invest for your future while living in the growing tribe of expats." --Scott Burns, U.S. syndicated finance columnist
"Andrew's book is about dismantling myths, making complex things easy and answering those questions one would have always liked to ask...but didn't dare. Based on a thorough analysis, tons of data and evidence, Andrew provides the easiest formula for financial planning: a clear set of very simple do's...and an even simpler set of don'ts. Follow these rules. It is simple. It is easy. It is rewarding right from the start." --Alberto Pamias, Director, Delta Partners Group
"In Millionaire Expat, Andrew Hallam removes the complicated jargon of investing, helping readers understand the importance of sound, proven retirement strategies. With nearly two decades of living and working internationally, Andrew teaches readers how to avoid the financial sharks preying on unsuspecting expats. Regardless of whether you're new to the international scene or a veteran, whether you live in Chincha, Peru or Sim Reap, Cambodia (the world's two furthest cities apart), this book is an indispensable guide to investing and retiring well." --Jeff Devens, PhD, International School Psychologist and author of A Parent's Guide to Raising Kids OverseasSee all Product description
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Most helpful customer reviews on Amazon.com
I've read tons of information on investing and tons of information on expat finances, but I have found nothing like this book or the author's website that combines those two issues. The author was a teacher of personal finance at an international school. You can feel his teaching skills, financial expertise, and expat experience on every page. He's not only informative but also generous with his advice (see his site) and funny too!
I repeat: Where was this book when I first moved overseas?!?
Right off the bat the colorful phrases / humor was almost enough to make me put the book down. Perhaps some people like it but I find it annoying. Just a little bit of humor and personality goes a long way. Don't overdo it.
Anyway it does contain some very quality information, the same quality investment advice found in Warren Buffet's books, or that of Buffet's mentor Benjamin Graham, and provides a great deal of contemporary research to back up all the advice given. The information for Expats is definitely valuable and the horror stories important lessons indeed
That being said, there is some good information in here, and every expat should definitely be aware of their situation. I skipped the sections that didn’t apply to me, so I can’t comment for non-Americans, but as a US citizen, I would have appreciated just a little bit more information.
One of the reasons I chose to purchase the book was because I saw a section in the Table of Contents that mentioned not contributing illegally to an IRA. Imagine my disappointment when that section was about a page long after going through all those repetitive stories... Also, it would have been nice to get a mention for us expats who sometimes work freelance gigs in addition to or opposed to long-term contract jobs. Sometimes I’m making a couple thousand a month, and sometimes I have no income for several months. I can’t contribute a regular amount consistently, and the author seems to take it for granted that all of us can.
Maybe the tax stuff is beyond the scope of this book, especially since it caters to all nationalities, but it would have been nice to get a mention and footnote for extra reading elsewhere, at least.
All of the information in this book can be found by doing your own research, so if you’re like me, you might not find anything new. But it is great to have it all (mostly) in one place, and if you feel lost or clueless about this stuff, you absolutely owe it to yourself to learn. This book is a great place to start, and only about average if you’ve already done the research.