What is Financial Equity? (Money Basics)
The term “equity” is thrown around in various ways, but in this video, I will be talking about “equity” from a financial perspective. When I was new to the world of money basics and wealth building, I was constantly hearing…
Is Compound Interest Hurting You? | Phil Town
Compound interest is powerful, but you must start taking advantage of it early on in your life. Einstein called it the “8th wonder of the world.” Today, I discuss some of the advantages of compound interest, a few pitfalls, and…
Is Gold Actually an Investment? | Phil Town
Many people are worried about inflation and how it will impact the value of the U.S. dollar. People might start to look for alternative investments, like gold for example. Today I want to talk to you about the pros and…
Your Investing Questions Answered! | Phil Town
The companies we invest in will have a direct impact on the world in 10-20 years. This is why you must love what you own. On today’s clip from the InvestED podcast, Danielle and I announce the winners of the…
5 Mistakes Saving for Retirement | Phil Town
There is a big difference between passively “saving for retirement” and actively making sure you are setting yourself up for financial freedom and the lifestyle you want to live. Today, I discuss the common mistakes people make while planning for…
How is Coronavirus Impacting the Market? | Phil Town
Our economy has been impacted by COVID-19, and it could permanently impact some industries. However, there’s no reason to panic! Learn what you can be doing right now to take advantage of this event, and how to invest your money…
Money Traps to Avoid in 2020 | Phil Town
2020 is a year that will go down in history. Impeachment process, Coronavirus, a Presidential election at the end of the year, and who knows what else! It’s more important to invest now than ever, and the way to get…
5 Financial Resolutions to Set for 2020 | Phil Town
January 1st will be here soon. It’s time to start thinking about your New Year’s resolutions – you know, losing weight, eating out less (but not eating less Chipotle). But there’s another type of fitness to consider – our financial…
Why Your Parents Investing Advice is Kind of Wrong | Phil Town
Your parents mean well. But if you’re a Millennial, their financial advice may be outdated. In today’s world, that advice may no longer be useful. Today I’m going to tell you why your parent’s investing advice might be… wrong! http://bit.ly/2s1rYU1…
What You Should Do if You Lose Money | Phil Town
No matter how good you are at investing, losses will happen. Don’t panic! There isn’t a stock that isn’t going to go down, and there isn’t an investor in the world who hasn’t lost money. Here is what you should…
Is Your 401(k) Recession-Proof? | Phil Town
Even though it may not be the best way to grow your money, many Americans have 401(k)s. If a recession hits, what should someone do with that money? Let’s talk about how you can recession-proof your 401(k) so you don’t…
Money Traps to Avoid in Your 50’s | Phil Town
If you’re turning 50 years old without having invested a dollar over the course of your life, it isn’t too late to save some money to retire with. With the right approach, it is possible to save up enough for…
How to Live Off Of One Income | Phil Town
There are a number of reasons a family may need to or want to live off of one income. If you’re in this situation and you’re looking for ways to save more and still be able to invest for retirement,…
3 Myths About Millionaires | Phil Town
Today we’re busting myths about millionaires. Most people assume that millionaires all have fancy cars, giant mansions, and are just frivolous with their spending in general. So let’s take a look at some actual millionaires and see how they truly…
4 Myths About Baby Boomers (Stock Market) | Phil Town
There’s a common misconception that Baby Boomers – people born between 1946 and 1964 – are all in a great financial situation and fully prepared for retirement. But they might not be as “ok” in retirement as people think. They…
Why You’re Wasting Your Money on a 401k | Phil Town
The 401(k) is not a new concept, and it’s something I get asked about all the time. So, is it worth it? Investing is almost always better than not investing. Making more money WITH your money is the best way…
Why You Shouldn’t Be Saving Money | Phil Town
The truth is if you are putting the bulk of your savings in a traditional savings account you simply aren’t making the best choice for your financial future. In fact, you are actually LOSING money that could amount to thousands…
Bad Investing Habits You NEED to Break | Phil Town
Whether you are a seasoned investor or new to the business of making money with your own money, there are some basic rules you should follow and there are some bad habits that you might need to break. Doing any…
How to Save $10,000 in 2019 | Phil Town
Looking to save more money this year? In this video I give you guys 6 tips for saving money, including setting a budget, paying yourself first, and even starting your own side hustle. I’ve also included a FREE download to…
Do You Really Need That Side Hustle? | Phil Town
Many young Americans are taking on “side hustles” these days for some extra income. Weekend jobs like ride sharing, e-commerce, or even dog walking, are providing supplemental income which sounds good in theory BUT are they actually hurting you? http://bit.ly/2U503vv…