Rule #1 Finance Blog
With Investor Phil Town
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.
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.
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.
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.
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.
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.
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.
With the way things have been going (rising inflation, uncertainty around interest rates, an ongoing global pandemic, etc.), the stock market has been on a crazy rise— and we may have an interesting 2022.
Or maybe, you’re just starting out and wondering what to invest in as a beginner and what to avoid.
If you struggle with credit card debt or have a close family member or friend who does, you know they didn’t get into debt overnight.
Credit card debt is often accumulated with small purchases here and there that go unpaid over the course of months. Just as it didn’t accrue at once, it usually can’t be paid off at once either.