Rule #1 Finance Blog

financial control

7 Tips For Spending Money Wisely

Phil Town

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Posted in financial control

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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Posted in financial control

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.

What Is Market Capitalization and Why Is It Important?

Phil Town

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Posted in financial control

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.

How To Make Passive Income – Some Smart Ideas

Phil Town

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Posted in financial control

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?

Phil Town

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Posted in financial control

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. 

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. 

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.

The Rule of 72: Learn How To Double Your Money with Compound Interest

Phil Town

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Posted in financial control

Did I have you at “double your money”? 

You can double your investments quickly if you get a great rate of return thanks to the power of compound interest. But, how will you know what rate of return you need to double your money in the next 3, 5, or 10 years? Well, there’s a formula for that and it’s called the Rule of 72

Are Robo-Advisors a Good Idea?

Phil Town

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Posted in financial control

Robo-advisors are one of the hottest topics in the financial advising business right now. 

People are beginning to warm up to the idea of having a computer algorithm manage their money in place of a financial advisor. 

And there are tons of different options out there like Robinhood and Betterment that are becoming increasingly popular – but will these services actually help you make smart investing decisions

Let’s break down how robo-advisors work to determine if it’s the best way to manage your financial portfolio.

Should You Re-Evaluate Your Investments?

Phil Town

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Posted in financial control

If you invest the Rule #1 way, you have probably made some pretty incredible investments. While you have done your due diligence to pick wonderful companies that you can hold onto for years, if not decades, you’d be remiss not to re-evaluate your investments from time to time.