Rule #1 Finance Blog

financial control

The Rule of 72: Double Your Money Every 7 Years With Compound Interest

Phil Town

6 comments.

Posted in financial control

There’s a very easy way to tell the amount of time it will take to double your money and it’s called the Rule of 72. Getting a sense of how compound interest can potentially grow your portfolio is enough to light a fire under you and get you started saving as early as possible. I use the Rule of 72 all of the time, and chances are, if you’ve listened to my podcast or read either of my books, you’ve heard me use it.

Knowing how long it takes to double your money, tells you what your compounded rate of return is over time. Watch the video below to learn more. Read more.

5 Really Smart Things to Do With Your Tax Return This Year

Phil Town

1 comments.

Posted in financial control

With tax season around the corner, it’s a good idea to start thinking about what are you going to do when the federal government or the state government gives you back some money.

For starters, there are some really bad things you can do with your tax refund and there are some really good things you can do with it. Read more.

A Guide to Choosing Your Investment Vehicle

Phil Town

0 comments.

Posted in financial control

As an investor, you need a place to house your money and actually do your investing.

That’s where choosing an investment vehicle comes into play. What an investment vehicle? An investment vehicle is simply the method by which you invest your assets and control your money. Read more.

Should You Invest in Your Company’s 401(k)?

Phil Town

4 comments.

Posted in financial control

A 401(k) program can be a very important part of saving for retirement. Especially if the company you work for matches you money. Are there any drawbacks to putting your money in a 401(k)? There could be.

The main thing to remember is to always be informed of where your money is going and if it’s growing enough for you to retire when you want to.

In this video, I’ll explain what a 401(k) is and what options you have when choosing to invest in one. Read more.

How to Save $500 This Month (Without Skipping Your Latte)

Phil Town

11 comments.

Posted in financial control

Frugality can be painful. There are too many articles telling people to take a short, cold shower or skip their Macchiato.

I’m not going to tell you how skipping your Starbucks can save you money, because there are bigger and better ways to save while you sip on life’s little luxuries. Read more.

A Note About This Market

Phil Town

49 comments.

Posted in financial control

I wrote these four Commentaries on August 10th, 12th, 17th and 24th to give my opinion about a major market change to students who are enrolled in the “Phil Town Live” class. I’m publishing these again today for the Rule One blog readers Read more.

Market Capitalization Meaning: Why Price Doesn’t Always Equal Value

Phil Town

22 comments.

Posted in financial control

Market cap, also known as market capitalization is the total market value of all of a company’s outstanding shares. It is also incorrectly known to some as what the company is really worth, or in other words the value of the business.

Keep reading to learn more about why it doesn’t always reflect a company’s actual value. Read more.

The Benefits of a Roth IRA

Phil Town

28 comments.

Posted in financial control

Roth IRAs are so good that they’re probably not going to last. I think that one of these days the federal government is going to say, “Wait a second, that’s just too good of a deal,” and they’re going to yank it, so you want to get one now and grandfather that thing in. Read more.

Why You Should Practice Paper Trading

Phil Town

17 comments.

Posted in financial control

I’m going to talk to you real quick about using something called “paper money” in order to learn how to invest. Paper money trading is really cool. Let me tell you about it. Read more.

Responsible Investing With Your Own Personal Values

Phil Town

10 comments.

Posted in financial control

Our personal values are incredibly important to successful investing. Almost no one talks about how to connect your values or your heart to where your money is going.

I think it is the most important vote in your life to invest your money into the things that you value and that you want to see in the world 20 years from now. Read more.