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☆ More Americans Are Moving Abroad Because the US Is Too Expensive
▼ + stars: | 2024-04-17 | by ( Kelli María Korducki | ) www.businessinsider.com time to read: +12 min

"We realized we couldn't afford the mortgage and the car payments and everything," Stonestreet told me. Americans work more, vacation less, spend more on healthcare, and die sooner than people in other high-income economies. These factors likely explain why some Americans are moving to countries that aren't generally considered low-cost-of-living locales. She said that living abroad afforded her a degree of flexibility and spontaneity that would be out of reach back home. From their temporary perch in Tirana, Albania, the couple told me via WhatsApp that their only regret about moving abroad was not doing it sooner.

Persons: Amelia Basista, Stonestreet, Basista, Maliya, I'm, Fale, scoping, Cristina Johnson, Johnson, Mariana, Dustin Lange, that's, Mariana Lange, Mark Zoril, Andrew Hallam, Zoril, hasn't, — Zoril, Tomorrow's Organizations: State Department, American Citizens, Monmouth University, Labor Statistics, Financial Technology Association, Business Locations: South America, Denver, Cuenca, Ecuador, Germany, Canada, France, Minneapolis, Latin America, America, Puerto Morelos, Mexico, Pennsylvania, Belize, States, Austin, North Carolina, Central America, Portugal, Spain, Lisbon, Europe, Tirana, Albania

☆ My retirement savings have grown for 4 years straight thanks to a foolproof investing strategy I learned from 'Millionaire Teacher'
▼ + stars: | 2023-11-17 | by ( Alexis Rhiannon | Stephanie Hallett | Read More | ) www.businessinsider.com time to read: +7 min

I followed Hallam's advice and invested in index and bond funds, and my portfolio has grown consistently for four years. I keep a ratio of 70% stock funds and 30% bond funds, with an even split between international and domestic stocks. If stock market index funds are unsexy, then bonds are flat-out frumpy. Dips in the stock market. In a wildly volatile year, when the stock market is moving by 20% or more, you could absolutely get in more frequently to try to rebalance your ratios.

Persons: Andrew Hallam, —, I've, Andrew Hallam's, I'd, Hallam, they're, That's, Read, it's, Get Organizations: Service, SoFi, SEC Locations: foolproof, Hallam

Before reading "Millionaire Teacher," I thought my investing options were: go it alone, or hire a pro. But, as it turns out, there's a Goldilocks-esque option sitting smack-dab in the middle that I'd never considered: intelligent investment firms. Hallam uses Vanguard's Target Retirement Funds to outline how intelligent investing works (though robo-advisors aren't quite the same thing). In addition to the Vanguard Target Retirement Funds described above, which come with a wide range of target retirement dates, Hallam lists out a series of companies that offer the same services. ), you might really benefit from handing the reins over to an intelligent investment firm.

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The book lays out five steps to investing your money, from opening a brokerage account to buying index funds. For example, the Vanguard Total Stock Market Index is represented as VTSAX. 30% Vanguard Total Bond Market Index Fund (VBMFX)35% Vanguard Total Stock Market Index Fund (VTSMX)35% Vanguard Total International Stock Index (VGTSX)As you can see, he recommends roughly one-third in an international stock index fund, another third in a domestic index fund, and a final third-ish in a domestic bond index fund. (I have a lot of working years ahead of me and the stock market is currently going nuts, so I've opted for 90% stocks and 10% bonds.) Once you're set up, you need to adjust your ratios just once a year, letting your money work for you instead of the other way around.

Persons: Andrew Hallam's, it's, —, She'd, Hallam, let's, VTSAX, It's, you'd, What's, I've Organizations: Service, That's, Hallam, Vanguard, Index, Market Index Locations: VTSAX

☆ Reading 2 short sentences in 'Millionaire Teacher' convinced me to change my retirement savings strategy, and it's helped me earn thousands
▼ + stars: | 2020-12-27 | by ( Alexis Rhiannon | Read More | Read Less | ) www.businessinsider.com time to read: +6 min

Four years ago I'd started saving for retirement, but I was too afraid to actually invest the money. But reading the book "Millionaire Teacher" opened my eyes: I learned quickly that I was missing out on years of compound interest. But then, two short sentences in the book "Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned In School" finally convinced me the answer was yes. "Over the past 90 years," Hallam wrote, "the US stock market has generated returns exceeding 9% annually. 'Millionaire Teacher' challenged my preconceived notions about the marketBefore I read "Millionaire Teacher," my understanding of the stock market was vague and amorphous.

But when I started reading "Millionaire Teacher" by Andrew Hallam, I had a lightbulb moment: I was living beyond my means. Once I realized I could have a comfortable retirement if I just started saving whatever I could, I changed my ways. Advertisement'Millionaire Teacher' showed me I was living way beyond my meansIn the first chapter of "Millionaire Teacher," Hallam describes an experience he had tutoring the son of a wealthy family. With a little help from "Millionaire Teacher," though, I was able to change my ways. In short, my thinking was completely backward, and thankfully, reading the first chapter of "Millionaire Teacher" finally snapped me out of it.

Persons: Andrew Hallam, —, I'd, Hallam, I've, it's Organizations: Service

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