Rule #1 Finance Blog
With Investor Phil Town
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?
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.
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.
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.
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.
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.
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.
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.
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.