Rule #1 Finance Blog

With Investor Phil Town

Is Bitcoin a Good Investment?

Phil Town

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Posted in how to invest

The virtual currency market, known as the cryptocurrency market, can be challenging to navigate if you’re unfamiliar with this type of investing space. 

In the late 1980s, the idea for cryptocurrency was born from the desire to create a currency that did not need to be regulated by a centralized financial institution, such as a bank. 

However, the first cryptocurrency experiments did not begin until the mid-90s, culminating in the successful creation of bitcoin in 2008 and its launch in 2009.

IRA vs Roth IRA: Which Retirement Fund is Best for You?

Phil Town

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Posted in how to invest

People haven’t been saving for retirement for all that long. And if they were, they weren’t using Individual Retirement Accounts (IRAs) to do so.  

Before IRAs came along in the 1970s, people relied on pension plans and Social Security to fund their retirement. But pension plans have become far less common and many people can’t live off of social security alone. 

How The Stock Market Works: Basics Everyone Should Know

Phil Town

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Posted in how to invest

The stock market is the best wealth creator in the entire world, yet remains a confusing concept for a lot of people. In fact, most people don’t know the stock market basics.

When it comes to investing, many people wonder where to start. It’s difficult to pick a single starting point with so many strategies out there.

That’s why I’m here. To help you get started and launch your investing practice. The best time to start is now.

Is Cryptocurrency Safe? Should I Invest in It?

Phil Town

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Posted in how to invest

Cryptocurrency has made billionaires out of novice investors. Many times, we have thought the price of Bitcoin couldn’t soar any higher, and yet, it does. 

New coins and crypto-exchanges continue to flood the market and continue to try to attract the average investor. Naturally, it’s enticing, but it’s also incredibly difficult to grasp. 

ETF vs Stocks: Which Should You Invest In?

Phil Town

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Posted in how to invest

Whether you’re new to investing or not, trying to figure out where and how to invest your money can feel overwhelming. 

There are so many options, methods, strategies, and ways to build wealth. 

All of them are different. All of them will yield different returns for different investors. And all of them have the potential to make your head spin in different ways.

And, with the average person making about 35,000 choices per day, I understand that decision fatigue is the last thing you want to experience.

Is Investing Worth It? Should I Start?

Phil Town

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Posted in how to invest

If you’re reading this post right now, there’s a good chance you’re viewing investing through a narrow lens.

You might picture the chaos of Wall Street, brokers trading stocks, numbers increasing and decreasing in the blink of an eye, and letter abbreviations that feel impossible to decode as someone who is unfamiliar with this world.

8 Steps to Retire Early

Phil Town

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Posted in how to invest

Ever dream about how to retire early? 

It sounds amazing to be able to spend more time having the freedom to enjoy the things that matter most to you—whether that’s spending more time with family and friends or having the chance to discover a new passion project.

According to the United States Social Security Administration, the average retirement age is 67 years old, and this estimate applies to individuals born during or after the year 1960.

However, times are changing. 

What Makes Stocks Go Up & Down?

Phil Town

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Posted in how to invest

Having a solid understanding of the stock market can often feel out of reach. Sometimes it follows a predictable pattern and seems to make sense, while other times it’s volatile for no apparent reason. 

Both are true! 

Over the long term, the stock market will usually follow regular patterns, and in the short term, there’s more market volatility.  

Saving vs Investing: Which Route Should I Take?

Phil Town

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Posted in how to invest

The key difference between saving vs investing is that one action stores your money while the other one grows it. 

As Rulers, we want to focus on the method that grows our money, which is investing

How to Invest During Inflation & Protect Your Assets

Phil Town

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Posted in how to invest

Inflation has been central to many conversations over the course of the last few years.

In fact, the U.S. Bureau of Labor Statistics noted the Consumer Price Index rose 6.8% between November 2020 and November 2021, making this new rise the largest increase since June 1982.