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The Wealthy English Teacher: Teach, Travel, and Secure Your Financial Future by [Bolen, Jackie]
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The Wealthy English Teacher: Teach, Travel, and Secure Your Financial Future Kindle Edition

3.8 out of 5 stars 9 customer reviews

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Length: 86 pages Word Wise: Enabled Enhanced Typesetting: Enabled
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Product Details

  • File Size: 1135 KB
  • Print Length: 86 pages
  • Publication Date: February 22, 2015
  • Sold by: Amazon Digital Services LLC
  • Language: English
  • ASIN: B00TX02K7Y
  • Text-to-Speech: Enabled
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  • Word Wise: Enabled
  • Lending: Enabled
  • Enhanced Typesetting: Enabled
  • Amazon Best Sellers Rank: #251,439 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

Top Customer Reviews

Format: Kindle Edition Verified Purchase
I really wanted to like this book because I've enjoyed her other books and blog about teaching, but I had a really hard time with this one. To begin, there are some glaring factual errors when she talks about investing and a couple of moments in which her cultural insensitivity caught me off guard. While she clearly has an enthusiasm for what she does and what she is conveying, I do wish she'd done more fact checking. Here are some examples...

"I recommend waiting until you have $10,000 to begin investing...." & "You do not want to have all your eggs in one basket and with less than $10,000, it is simply too hard to diversify without paying too high of a proportion in fees." There are SEVERAL fund companies that will allow you to begin investing in no-load, broad index funds for just a few hundred dollars. Many of these no-load funds offer such as the Total Stock Market Index Fund through Vanguard or the Spartan Total Market Index Fund through Fidelity have expense ratios of around just 20 basis points (0.2%) and offer diversification across the entire US stock market with minimums far below $10,000. On top of that, there are no fees for buying or selling these funds. This sum of money is way off the mark, and her statement that it's "too hard to diversify" with anything less is misleading.

"Reason number two why mutual funds are bad news is loads that you have to pay when you buy or sell them." Just a bit of research would reveal that there are TONS of no-load mutual funds out there (as I mentioned above). Many of the most popular ones are through Vanguard, a company that she even mentions as a good place to buy ETF's. Many of these funds have minimums as low as $1,000.
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Format: Kindle Edition Verified Purchase
As someone who is relocating overseas to improve overall living conditions, this book is a fantastic source to start focusing on financial goals. Plenty of tips to plan a secure future while still managing to enjoy life.
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Format: Kindle Edition
You do not need this book, all the information is available online. If you want to be wealthy do not spend your hard earned money on this book. The book is littered with grammatical mistakes which makes one think the author rushed it off to add another title to his list of books.
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Format: Kindle Edition Verified Purchase
The book is very helpful for those who have little/no experience in the financial world. If anything, just reading about investments/saving will encourage you to save money and that alone is worth it. I know many newbie ESL teachers spend most of their money on nights out and traveling. While that is all well, and good, I would still encourage you to save some money for the end.
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Format: Kindle Edition Verified Purchase
This book is well-organized and easy to read; the author lays out a manageable plan and clear arguments for saving money and making good financial choices without going into too much jargon. Good resources for people who are interested in but unfamiliar with investing.
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