Andrew Hallam - Millionaire Expat: How to Build Wealth Living Overseas

1. Chapter 1
2. Chapter 2
3. Chapter 3
4. Chapter 4
5. Chapter 5
6. Chapter 6
7. Chapter 7
8. Chapter 8
9. Chapter 9
10. Chapter 10
11. Chapter 11
12. Chapter 12
13. Chapter 13
14. Chapter 14
15. Chapter 15
16. Chapter 16
17. Chapter 17
18. Chapter 18
19. Chapter 19
20. Chapter 20

1. Chapter 1
2. Chapter 3
3. Chapter 4
4. Chapter 5
5. Chapter 10
6. Chapter 13
7. Chapter 19
8. Chapter 20

Second Edition

Andrew Hallam

When international schools and employers hire an expatriate, their HR departments should give them a copy ofMillionaire Expat. Life as an expat can be exciting. But years of excitement can turn into years of despair for those who spend too much money and fail to save and properly invest. Andrew Hallam urges expats to plan for their futures and to calculate how much they should be saving to reach their financial goals. His investment guidelines aren't a matter of opinion. They are evidencebased realities, explaining why we all should invest in a globally diversified portfolio of lowcost index funds and never speculate on stocks, times, managers, or styles. This is a mustread book!

Mark T. Hebner, author, Index Funds: The 12Step Recovery Program for Active Investors, featured in the documentary film of the same name, and founder and president of Index Fund Advisors, Inc.

Expats generally move away to seek a better life and career. But then building wealth can be a tough and independent pursuit. Mr. Hallam explains in a straightforward way how to live below your means, invest in lowcost passive index funds, and avoid those cunning investment sharks, so that you can focus on your life and careerand not stress about your financial future.

Robin Speziale, national bestselling author, Market Masters

Millionaire Expat is like a trusted shield, protecting expatriates from the industry's selfserving dragons. Andrew Hallam describes investment strategies that are aligned with academic evidence, not the salesdriven rhetoric to which so many nave investors get burned.

Larry Swedroe, coauthor of Your Complete Guide to FactorBased Investing, The Incredible Shrinking Alpha, and Reducing the Risk of Black Swans; director of research for the Buckingham Family of Financial Services

Andrew Hallam's books are a mustread for anyone sick of buying Porsches for other people. If you're feeling overwhelmed by coldcalling, graphthrusting, 25yearplantouting financial advisors, then you need to hear what Andrew has to say. He'll give you the knowledge and confidence to make your own investment decisions, as well as the ability to sniff out the genuinely good finance professionals from those who see you as just another source of commission.

Brandy Scott, presenter on The Business Breakfast, Dubai Eye 103.8

Education's failing around the globe lies in the high amount of people who are not financially literate. We go to work on a daily basis and somehow hope that 20 or 30 years down the line we will have enough money put aside to keep us in retirement. What Andrew illustrates clearly is that becoming more financially literate does not take a long time (this book only took me a few hours to read) and will save you hundreds of thousands of dollars in the long run. By reading it you are investing in both your own education as well as learning how to wisely invest your own money. Don't leave it to chance or, worse, someone else. As an expat teacher, I make sure there is a copy of this book in our staff room.

Simon Kenworthy, headmaster of Cranleigh Prep School, Abu Dhabi

Andrew Hallam has a huge, international following. I call them Hallamites. Expatriates pack auditoriums to hear him speak. But Millionaire Expat is even better than his talks. It's a humorous pageturner that's packed with solid academic evidence. It provides a stepbystep guide for investors of every nationality. If Warren Buffett had the time (and a quirky sense of humor), I think this is the sort of book he would have written for expatriates. After all, Buffett has instructed that his estate be invested much the way Andrew Hallam describes in Millionaire Expat.

Sam Instone, CEO, AES International

Millionaire Expat combines wit and wisdom. Andrew Hallam's irreverent examination of the expat investment world is very carefully researched. The book is full of unambiguous actionable advice that will help anyone residing away from home who is trying to build financial security and hates being ripped off. The addition of sections on socially responsible investing hits a chord with me. Buy it, read it, and get into action.

Ben Sherwood, principal, Hillier Hopkins LLP, Chartered Accountants and Tax Advisors, UK; author, The 7 Secrets of Money

The majority of offshore financial salespeople should fear this book. All expatriates should embrace it. Packed with numerous reallife examples and wellresearched, practical advice, this book should be compulsory reading for any expat looking to be smart with their money. Buying this book and reading it could be the best investment you ever make.

Jason Butler, financial wellbeing expert and Financial Times personal finance columnist

The seas of expat living can be rough at times, and there are sharks preying on the fresh and inexperienced. Andrew Hallam and his bookMillionaire Expat: How to Build Wealth Living Overseas is the perfect antidote to this. Hallam's advice will helpyou make the move worthwhile. His humorous, straightforward, and expert guidance means that you look after your hardearned investments and actually make your money work for you. The book may cost you $20, but it will save you thousands!

Kate Bradley, headmistress, LCIS (La Cte International School), Nord Anglia, Switzerland

Expat investors have it tough. Not only must they understand the complicated logistics of managing their portfolio in overseas accounts, but they may also be preyed upon by local advisors who see them as hapless tourists. That's why Millionaire Expat is such a unique and important book. No one has more firsthand experience helping expat investors than Andrew Hallam, and no one is more generous in sharing his knowledge.

Dan Bortolotti, CFP, CIM, PWL Capital, Toronto

Andrew Hallam is living proof that ordinary people can build extraordinary wealth by investing in simple, lowcost index funds. His nononsense approachlive within your means, buy and hold, avoid speculationworked for him, and it will work for others who live abroad and want to avoid the predatory investing practices that are all too common in many foreign countries. Millionaire Expat really is a great guide for expatriates.

John Heinzl,The Globe and Mail

The advice in Millionaire Expat is simple but well thought out, fully explained, and easily understood. I now supply a copy to all of our teachers to help them through the minefield of investing and preparing themselves for their future retirement. I would thoroughly recommend this book to anyone looking to enter into the market and, while especially relevant for those expats, the principles apply wherever you are in the world.