Rule #1 Finance Blog

With Investor Phil Town

Understanding The Pros and Cons of Credit Cards

Phil Town

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Posted in financial control

The average United States household now carries more than $16,000 in credit card debt.

Can you relate? Read more.

International Investing Using Rule #1 Investing Strategies

Phil Town

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Posted in financial control

The U.S. stock market may be the largest and most well-known market, but it is not the only one available. If you’re thinking about international investing there are stock markets in countries all over the world, ranging dramatically in size, volatility, and every other factor. Read more.

Start Early With These 5 Tips for Investing in Your 20s

Phil Town

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Posted in financial control

When it comes to investing, the earlier you start the better. Compound interest will help grow your money exponentially, meaning that if you start investing in your 20s, rather than later in life, you can end up with many times the amount you saved as a young person. When it’s time to retire, you will find that a few hundred dollars invested at age 20 has grown into a valuable asset.

If you are in your 20s and want to get a head start on investing, here are a few tips to help you out.

Read more.

6 Money Traps to Avoid in Your 30s

Phil Town

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Posted in financial control

Getting to middle adulthood demands a shift in priorities. Once you stop needing to count the days to your next paycheck, it’s time to start really planning out your financial future. There are so many money traps that can get in the way, and you may not even realize it. Read more.

5 Tips to Help Improve Your Credit Score

Phil Town

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Posted in financial control

Learning how to improve your credit score is essential for financial and investing success.

It’s no secret that your credit score can have a major impact on your ability to get approved for financing—but did you know that your credit score can even affect your ability to rent an apartment or secure certain jobs? Read more.

5 Smart Ways to Make the Most of Investing in Your 30s

Phil Town

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Posted in financial control

The time value of compound interest simply can’t be overstated. If you begin investing in your 30s by putting aside $5,000 per year, you can expect to have around $1 million by the time you retire at age 65.

Meanwhile, someone who doesn’t start saving until their 40s will need to set aside three times this annual amount to achieve the same total return. Read more.

Can You Actually Time the Stock Market?

Phil Town

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Posted in financial control

Market timing or being able to time the stock market – predicting when it is going to crash and investing accordingly – is the holy grail of investing…investing Nirvana.

Having a crystal ball to predict the market is every investor’s dream. Read more.

Why You Don’t Need a Financial Advisor

Phil Town

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Posted in financial control

One of the most commonly held misconceptions in investing is the idea that you must work with a financial advisor in order to be successful.

Perhaps this myth has persisted for so long thanks to persistent marketing on behalf of financial advisory firms.

However, the reality is that investors who manage their own money are often able to perform just as well or better than those who work with a financial advisor and without any high fees eating into their returns. Read more.

Here’s How Rich You’d Be If You Followed Warren Buffett’s Investment Strategy

Phil Town

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Posted in financial control

Anybody who knows me for more than two seconds knows Warren Buffett has made a big impact on me and my investment strategy. Heck, I even named my business Rule #1 after one of his quotes, “Rule #1 never lose money. Rule #2 never forget rule number one.”  – Warren Buffett That’s a rule I Read more.

3 Common Investing Lies Busted

Phil Town

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Posted in financial control

There are common investing lies and myths that can often scare off the individual investor and make them wonder if investing is worth it.

I have put together my top 3 straight up investing lies that the majority of people are taught to believe. Read more.

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