Show 75 - Creating Life Satisfaction with Andrew Hallam The Millionaire Teacher
In this episode, I talk about how a more satisfied life also makes you richer with the Millionaire Teacher Andrew Hallam.
3/5/20251 min read
The point of money isn’t to have more money it is to use that money well to have greater life satisfaction. Andrew Hallam, the Millionaire Teacher, talks with me today about creating life satisfaction as part of our journey toward financial independence AND how being more satisfied will often lead to better financial outcomes! It is a great episode, I can’t wait for you to check it out.
Show Notes
Recommended Books (Amazon Affiliate Links)
Key Ideas
There are simple steps you can take to start building wealth, but they aren’t easy.
$7 a day invested over 40 years will get out roughly a million dollar portfolio (assuming a 10% return).
Ruthlessly cut spending on things you don’t care about.
Your pension is probably worth around a million dollars.
Sleep more! (he gave a ton of advice on life satisfaction, but this one stood out to me).
Bonus Tip
Here is a bonus tip I didn't get to in the episode.
The biggest pitfall for teachers investing for their future is the unregulated 403b. A teacher can do everything right, but choose the wrong 403b provider, and have a massive shortfall of what they could have gained over the course of a career investing.