Rule #1 Finance Blog

financial control

How To Make Passive Income – Some Smart Ideas

Phil Town

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Posted in financial control

Having a passive income can be a real game changer, but first, let’s talk about money. Believe it or not, the money you make today doesn’t only affect your future. It can also have an impact on the lives of your children, your grandkids, their grandkids…you get the picture. 

What Is A Recession? How Should We Prepare?

Phil Town

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Posted in financial control

Recently, there’s been endless debate over whether or not the U.S. is on the brink of, in the early stages of, or is officially in a recession. The recession probabilities are endless.

Many economists argue that the signs and indications of recession are clearly evident, while others say more qualifiers and economic research are needed to make a final call. 

Credit Card Debt: Why is it Hard to Pay Off?

Phil Town

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Posted in financial control

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. 

Best Ways to Save Money And Improve Your Financial Standing

Phil Town

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Posted in financial control

Saving money can be difficult to commit to, but if you start now, you can set yourself up for the future you’ve always hoped for.

For many people, financial struggles are a direct result of not bringing in enough money.

The Rule of 72: Learn How To Double Your Money with Compound Interest

Phil Town

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Posted in financial control

Did I have you at “double your money”? 

You can double your investments quickly if you get a great rate of return thanks to the power of compound interest. But, how will you know what rate of return you need to double your money in the next 3, 5, or 10 years? Well, there’s a formula for that and it’s called the Rule of 72

Are Robo-Advisors a Good Idea?

Phil Town

20 comments.

Posted in financial control

Robo-advisors are one of the hottest topics in the financial advising business right now. 

People are beginning to warm up to the idea of having a computer algorithm manage their money in place of a financial advisor. 

And there are tons of different options out there like Robinhood and Betterment that are becoming increasingly popular – but will these services actually help you make smart investing decisions

Let’s break down how robo-advisors work to determine if it’s the best way to manage your financial portfolio.

Should You Re-Evaluate Your Investments?

Phil Town

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Posted in financial control

If you invest the Rule #1 way, you have probably made some pretty incredible investments. While you have done your due diligence to pick wonderful companies that you can hold onto for years, if not decades, you’d be remiss not to re-evaluate your investments from time to time.

How to Build Generational Wealth and Keep it!

Phil Town

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Posted in financial control

You have likely thought about generational wealth whether you know it or not. It means wealth for you, your children, your grandkids, their grandkids and so on all the way down generations of family members.

Worrying about our kids is second nature. If you have considered how your own parents provided for you, or have thought about how you will make sure you have enough in the bank to sustain your family after you’re gone, you have mulled over this concept of generational wealth.

With the right planning, you can set up your family business or investment portfolios to bring financial success for hundreds of years.

5 Step Money Challenge to Prepare for 2022

Phil Town

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Posted in financial control

It’s important that before you actually start investing on your own, that you get your financial house in order. Many people don’t track their spending and many of us haven’t started saving for retirement. There’s always room for improvement when it comes to what we’re doing with our money, which is why I want to give you a financial challenge…

Are You Ready to Commit to Saving and Investing?

Get Your Finances on Track with my 14-Day Financially Fit Challenge

InvestED: The Rule #1 Podcast Hits 7 Million Listens!

Phil Town

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Posted in financial control

From stock market basics, to learning how to invest money on your own, to your weekly dose of real-time news, investing tips, and insights… InvestED has covered it all over the past few years.