Rule #1 Finance Blog
With Investor Phil Town
Financial Promises to Make to Yourself for 2023 (and Beyond)
There are things you want to achieve for which goals are an insufficient tool. For example, you get down on a knee to ask your girlfriend if she’d marry you, and you say, “Honey, if you’ll agree to marry me, it’s my goal to never sleep with another woman for the rest of my life.” Some things you want require a promise.
How To Invest Like the Best Investors in the World
Of the many different investing strategies that a modern-day investor may choose, value investing is among the most common. It is also the foundation of the Rule One investing strategy.
Posted in personal development
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
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
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
“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
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?
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?
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
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.