Rule #1 Finance Blog

With Investor Phil Town

How To Become an Investor

Phil Town

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Learning to invest is a skill that can provide you with incredible lifelong value and even result in generational wealth, but it’s not something anyone knows how to do when they first start. Not even Warren Buffett.

7 Tips For Spending Money Wisely

Phil Town

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For some people, financial struggles are due to not bringing in enough money. But for most of us, the problem comes from spending more money than we make.

Investment Vehicles – A Complete Guide

Phil Town

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When we talk about financial investments, a few of the most important things to keep in mind are where you’re going to house your money and the choices that follow about how you’ll go about investing it.

Everything You Should Know About NFTs

Phil Town

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Posted in stock market basics

“Pssst. Hey, buddy. Wanna buy an NFT of Jack Dorsey’s first tweet? Special deal. Some moron paid $2.9 million for this, but my guy got it from him super cheap. For you? $280 bucks.”

Before you jump at the deal, you might want to look a little closer at what you’re getting. And that, of course, is the catch for any NFT.

How To Hedge Against Inflation

Phil Town

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For the past few decades, we’ve experienced an average rate of inflation between 2% and 3%.

But then, something happened. A global pandemic shut down the world’s economy and created major supply shortages. Governments responded around the world with unprecedented money printing by central banks.

What Is Market Capitalization and Why Is It Important?

Phil Town

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Market capitalization, also commonly referred to as “market cap,” is a common term thrown around by investors that many people think to be complex, but it’s extremely important.

The Future of Money: Will Digital Currency Replace Paper Money?

Phil Town

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Posted in stock market basics

Much of the Western world already operates in a nearly cashless society. 

Credit cards are accepted almost everywhere, people are using tap and pay more and more, and payment apps like Venmo and Paypal are a part of most people’s wallets. 

Saving vs Investing: Understand The Difference

Phil Town

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Saving and investing are both methods for setting money aside to shape the financial future you want. 

While both play critical roles in helping you build your long-term wealth, it’s important to recognize the differences between saving vs investing so you can determine when it’s best to save and when it’s best to invest.

Why Is Inflation in the US High?

Phil Town

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Posted in stock market basics

The increasingly steep food prices, gas prices, and commodity prices we’ve been seeing mean we’re living in a time where high inflation is significantly impacting the US economy.

We see its effects reflected in the price of goods, but what are the drivers that are responsible for high inflation? And why is inflation in the US at the highest level it’s been in years?

Low-Risk Investments for Your Portfolio

Phil Town

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Nothing in life is ever linear. 

We experience ups and downs, highs and lows, successes and failures. But, each one of these seasons serves a purpose and it teaches us lessons that we can carry with us into the next chapter of our story.