Rule #1 Finance Blog

financial control

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. 

Is Your “Side Hustle” Making You Money?

Phil Town

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Posted in financial control

Picking up a “side hustle”–a part-time something to earn a little extra money outside of your day job–is becoming all the rage right now. Many people including influencers and self-help gurus talk about side-hustles as a way to make more money, while working even more.

What Really Causes Recessions?

Phil Town

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Posted in financial control

There’s a lot of speculation that another recession is on the horizon.

You may ask…

Are these speculations true?

Will my family be affected?

What will happen to my stocks and my money?

5 Financial Regrets (And How to Avoid Them)

Phil Town

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Posted in financial control

Many times in life, regret is unavoidable. When it comes to financial regret though, you really try to avoid it as much as possible.

Regret over money is just the worst…

How to Save $10,000 This Year

Phil Town

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Posted in financial control

Saving $10,000 in a year may seem like a pretty hefty goal, but it’s a lot easier than it sounds…

I’m not talking about saving pennies through couponing, skipping your lattes, or eating ramen every night either.

4 Bad Investments for the Middle-Class to Avoid

Phil Town

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Posted in financial control

Over 120 million Americans fall into the middle-class.

The American middle class was once thought of as the backbone of the national economy and while the people who make up the middle class are still just as hardworking as ever, some of the things that we thought we’d have – like retirement, a house, a debt-free lifestyle – just aren’t there anymore.

Investment Risk vs Investment Reward

Phil Town

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Posted in financial control

Does taking more risk when you invest actually yield more rewards? Risk and reward are the yin and yang of investing. Both are always present, though it is certainly possible to reduce your investment risk and increase your reward if you follow the right investing strategy.

Before you can go about reducing risk and increasing reward, though, you first must understand what the risks and rewards are – and what you can do to alter them.

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?