Rule #1 Finance Blog
With Investor Phil Town
How To Make Passive Income – Some Smart Ideas
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?
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.
Pension vs 401k: What’s the Difference & Which is Better?
You know the things we consistently put off because we don’t want to think about them? Or because we believe we can circle back to them later?
Retirement is one of those things.
But, I’m here to tell you it shouldn’t be. In reality, retirement is a lot closer than you might realize, so it’s important to start planning now to ensure you’re able to build a comfortable, sustainable life that exists outside of a regular paycheck.
The virtual currency market, known as the cryptocurrency market, can be challenging to navigate if you’re unfamiliar with this type of investing space.
In the late 1980s, the idea for cryptocurrency was born from the desire to create a currency that did not need to be regulated by a centralized financial institution, such as a bank.
However, the first cryptocurrency experiments did not begin until the mid-90s, culminating in the successful creation of bitcoin in 2008 and its launch in 2009.
IRA vs Roth IRA: Which Retirement Fund is Best for You?
People haven’t been saving for retirement for all that long. And if they were, they weren’t using Individual Retirement Accounts (IRAs) to do so.
Before IRAs came along in the 1970s, people relied on pension plans and Social Security to fund their retirement. But pension plans have become far less common and many people can’t live off of social security alone.
How The Stock Market Works: Basics Everyone Should Know
The stock market is the best wealth creator in the entire world, yet remains a confusing concept for a lot of people. In fact, most people don’t know the stock market basics.
When it comes to investing, many people wonder where to start. It’s difficult to pick a single starting point with so many strategies out there.
That’s why I’m here. To help you get started and launch your investing practice. The best time to start is now.
Is Cryptocurrency Safe? Should I Invest in It?
Cryptocurrency has made billionaires out of novice investors. Many times, we have thought the price of Bitcoin couldn’t soar any higher, and yet, it does.
New coins and crypto-exchanges continue to flood the market and continue to try to attract the average investor. Naturally, it’s enticing, but it’s also incredibly difficult to grasp.
ETF vs Stocks: Which Should You Invest In?
Whether you’re new to investing or not, trying to figure out where and how to invest your money can feel overwhelming.
There are so many options, methods, strategies, and ways to build wealth.
All of them are different. All of them will yield different returns for different investors. And all of them have the potential to make your head spin in different ways.
And, with the average person making about 35,000 choices per day, I understand that decision fatigue is the last thing you want to experience.
Is Investing Worth It? Should I Start?
If you’re reading this post right now, there’s a good chance you’re viewing investing through a narrow lens.
You might picture the chaos of Wall Street, brokers trading stocks, numbers increasing and decreasing in the blink of an eye, and letter abbreviations that feel impossible to decode as someone who is unfamiliar with this world.
Ever dream about how to retire early?
It sounds amazing to be able to spend more time having the freedom to enjoy the things that matter most to you—whether that’s spending more time with family and friends or having the chance to discover a new passion project.
According to the United States Social Security Administration, the average retirement age is 67 years old, and this estimate applies to individuals born during or after the year 1960.
However, times are changing.