Rule #1 Finance Blog

With Investor Phil Town

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. 

Hyperinflation: What is It & Can We Predict It?

Phil Town

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Posted in financial control

Let’s talk about inflation. 

If you’ve recently heard this word come up in conversation a lot, it’s no surprise.

Over the course of the last few years, the U.S. has experienced a rapid rise in inflation, which has left many of us questioning important investment decisions.

Smart Investment Strategies Every Investor Should Know

Phil Town

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Posted in financial control

One of the biggest obstacles holding people back from investing is that they think it is too complicated or too risky, but there are simple and smart investment strategies everyone can learn.

And by making smart investments based on research, even beginner investors can greatly reduce the risk of investing.

How To Avoid Capital Gains Tax

Phil Town

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Posted in financial control

If you’ve ever bought and sold a rental property, a stock, or any investment, you were likely charged capital gains tax, whether you know it or not. 

Capital gains tax gets a pretty bad rap, and rightfully so. This tax can take a huge cut of your profits from investments. 

I’ll show you how it works, why it can be disadvantageous for investors, and how to avoid capital gains tax to a certain extent. That’s right, there are strategies you can follow that can greatly reduce the taxes you pay on your profits so you can keep more of your money.  

When you invest the Rule #1 way, you can easily avoid capital gains tax. Here’s how.  

What is a Tech Bubble? And How to Tell if We’re in One

Phil Town

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Posted in financial control

Don’t burst your bubble! Understanding if we are in a tech bubble can be tricky. Find the signs of a tech bubble and be prepared for when the bubble bursts.

Ways to Make Extra Money

Phil Town

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Posted in financial control

If someone told you that you could make a few hundred dollars, or maybe even a few thousand dollars, a month on top of your regular paycheck, you’d be interested, right? 

It seems that everyone these days has a “side hustle,” but this isn’t a new concept. Most financially successful people, if not all, have multiple streams of income.

How to Diversify Your Portfolio the Right Way

Phil Town

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Posted in financial control

Warren Buffett once said, “Diversification is protection against ignorance.”

When you think about it, this quote makes perfect sense. If you diversify too much, you will never be an expert in any one industry or company and could lose sight of how to best manage your investment.  

In this instance, ignorance is most certainly not bliss.

Financial Freedom 101: Passive Income and Generating Wealth

Phil Town

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Posted in financial control

Being financially free sounds nice to all of us, doesn’t it? It sounds like a whole lot of stress is gone for good, and having plenty of money in the bank each month. For many of us though, it also sounds too good to be true—But, it isn’t.

Anyone can achieve financial freedom. Yes, this includes you.

How To Become an Investor

Phil Town

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Posted in financial control

Learning to invest is a skill that can provide you with incredible lifelong value. It’s not something anyone knows how to do when they first start, but with the right mindset, drive to keep learning, and commitment to see it through, even you can become a great investor.

I know it can feel intimidating at first, which is why I’m sharing a simple, yet proven, path to becoming an investor.

If you follow the Rule #1 Investing strategy, you can learn not just how to become an investor but more importantly how to build wealth that will sustain you, your family, and the generations to come.

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.