Rule #1 Finance Blog
With Investor Phil Town
Every phase of life has its own set of things that you should avoid.
If you’re in your 50s and nearing retirement avoiding these money traps is especially important. The last thing you want to do is trip now when you are so close to the finish line.
With that said, let’s talk about money traps to avoid in your 50s.
Figuring out how to invest money can be a real challenge. And I’m sure you’ll agree with me when I say: There’s certainly no shortage of information on investing available in the digital age. However, too much information can be overwhelming. Right? That’s why we made a guide to help you get a solid grasp of Read more.
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… Read more.
What comes to mind when you think of a millionaire?
If you’re like most people, you probably think fancy cars, an elaborate mansion, and a frivolous, over-the-top lifestyle.
In reality, the real lives of most millionaires are much different than our stereotypes would suggest.
Let’s clear up some of these misconceptions and a look at some of the most common millionaire lifestyle myths to uncover what the life of the typical millionaire is really like.
People often say they could never be successful investors… But Phil, I’m not smart enough! But Phil, I don’t have a background in math or finance! But Phil, I could never do better than the market! I want you to know that it is possible. How do I know that? Because EVERY successful investor got Read more.
Few people in the world TRULY understand investing. This means that there are a lot of misconceptions about it that have been perpetuated for a long time and cause a distance between investing expectations and reality. Read more.
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. Read more.
When you invest in the things that you understand and are passionate about, the entire investing process is simplified, making it easier for you to navigate the various decisions that must be made along the way. This is a concept that Warren Buffett has used to become a billionaire, and it’s something that he continues to abide by to this day.
In every sense of the phrase, Warren Buffett’s favorite things have made him rich.
Let’s look at Warren Buffett’s stocks and just how he has used his values and his passions to earn money through investing. Consider these examples as inspiration for what can be achieved when you invest with your values.
It’s truly been a great joy in my life being able to work with my daughter, Danielle, and teach her investing. I find her intelligence and unique take on investing vital to keeping my own investing practice current. Read more.
Before I ever invested a single penny, I worked as a river guide making barely enough to keep a roof over my head. When I got the opportunity to learn how to invest, let me tell you, I jumped on it, and I’ve done pretty well for myself. I’ve gotten and given a lot of investing advice over the years but today, I’m going to give you the best I’ve ever gotten. I hope it’s as helpful for you as it was for me.