Rule #1 Finance Blog
With Investor Phil Town
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.
What Makes Stocks Go Up & Down?
Having a solid understanding of the stock market can often feel out of reach. Sometimes it follows a predictable pattern and seems to make sense, while other times it’s volatile for no apparent reason.
Both are true!
Over the long term, the stock market will usually follow regular patterns, and in the short term, there’s more market volatility.
Saving vs Investing: Which Route Should I Take?
The key difference between saving vs investing is that one action stores your money while the other one grows it.
As Rulers, we want to focus on the method that grows our money, which is investing.
How to Invest During Inflation & Protect Your Assets
Inflation has been central to many conversations over the course of the last few years.
In fact, the U.S. Bureau of Labor Statistics noted the Consumer Price Index rose 6.8% between November 2020 and November 2021, making this new rise the largest increase since June 1982.
High-Risk Investments You Should Avoid in 2022
With the way things have been going (rising inflation, uncertainty around interest rates, an ongoing global pandemic, etc.), the stock market has been on a crazy rise— and we may have an interesting 2022.
As you begin to look at the year ahead and wonder how you should invest given everything going on, you may be considering other types of investments.
Or maybe, you’re just starting out and wondering what to invest in as a beginner and what to avoid.
Credit Card Debt: Why is it Hard to Pay Off?
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.
Hyperinflation: What is It & Can We Predict It?
Let’s talk about inflation.
If you’ve recently heard this word come up in conversation a lot, it’s no surprise.
Over the course of the last few years, the U.S. has experienced a rapid rise in inflation, which has left many of us questioning important investment decisions.
Smart Investment Strategies Every Investor Should Know
One of the biggest obstacles holding people back from investing is that they think it is too complicated or too risky, but there are simple and smart investment strategies everyone can learn.
And by making smart investments based on research, even beginner investors can greatly reduce the risk of investing.
How To Avoid Capital Gains Tax
If you’ve ever bought and sold a rental property, a stock, or any investment, you were likely charged capital gains tax, whether you know it or not.
Capital gains tax gets a pretty bad rap, and rightfully so. This tax can take a huge cut of your profits from investments.
I’ll show you how it works, why it can be disadvantageous for investors, and how to avoid capital gains tax to a certain extent. That’s right, there are strategies you can follow that can greatly reduce the taxes you pay on your profits so you can keep more of your money.
When you invest the Rule #1 way, you can easily avoid capital gains tax. Here’s how.