Unavailable
Unavailable
Unavailable
Ebook40 pages22 minutes
Rule #1: Book Review
By PCC
Rating: 0 out of 5 stars
()
Currently unavailable
Currently unavailable
About this ebook
In this book, self-made millionaire Phil Towns will show you how he turned $1,000 into $1 million in only five years, and then proceeded to make many millions more.
Before I became “Phil Town, teacher of investing principles to more than 500,000 people a year,” I was a lot like you: someone who viewed individual stock investing as way too hard to do successfully. As a guy who barely made a living as a river guide, I considered the whole process pretty impenetrable, and I was convinced that to do it right you had to make it a full-time job. Me, I was more interested in having full-time fun.
So I was tempted to do what you’re probably doing right now: letting some mutual fund manager worry about growing your nest egg. Let me tell you why that decision could one day make you absolutely miserable.
The fact is, because of natural market cycles, the mutual fund industry is likely to soon be facing twenty years of flat returns. That means that if you’ve got your nest egg tucked away in funds—especially the type found in most 401ks—your egg won’t get much bigger than it is now. Translation: Get ready for a retirement filled with lots of cold cuts, plenty of quality TV-watching time, and a place to live that’s too small to accommodate your visiting kids.
I came to investing as a person who wasn’t great at math, possessed zero extra cash, and wanted a life—not an extra three hours of work to do every day. Fortunately, I was introduced to The Rule.
Rule #1, as famed investor Warren Buffett will tell you, is don’t lose money. Through an intriguing process that I’ll clarify in this book, not losing money results in making more money than you ever imagined. What it comes down to is buying shares of companies only when the numbers—and the intangibles—are on your side. If that sounds too good to be true, it’s because the mind-set I’ll be introducing you to leads not to bets but to certainties. Believe me, if there were anything genius-level about this, I’d still be a river guide collecting unemployment much of the year.
Part of the secret is thinking of yourself as a business owner rather than a stock investor. Part is taking advantage of today’s new Internet tools, which drastically reduce the “homework factor.” (We’re talking a few minutes, tops.) Part is knowing the only five numbers that really count in valuing a potential investment. And part—maybe the most important part—is using the risk-free Rule #1 approach to consistently pay a mere 50 cents to buy a dollar’s worth of a business.
What I won’t waste your time with is fluff: a lot of vague parables reminding you of what you already know and leaving you exactly where you started. This is the real deal, folks: a start-to-finish, one-baby-step-at-a-time approach that will allow you to retire ten years sooner than you planned, with more creature comforts than you ever imagined.
Before I became “Phil Town, teacher of investing principles to more than 500,000 people a year,” I was a lot like you: someone who viewed individual stock investing as way too hard to do successfully. As a guy who barely made a living as a river guide, I considered the whole process pretty impenetrable, and I was convinced that to do it right you had to make it a full-time job. Me, I was more interested in having full-time fun.
So I was tempted to do what you’re probably doing right now: letting some mutual fund manager worry about growing your nest egg. Let me tell you why that decision could one day make you absolutely miserable.
The fact is, because of natural market cycles, the mutual fund industry is likely to soon be facing twenty years of flat returns. That means that if you’ve got your nest egg tucked away in funds—especially the type found in most 401ks—your egg won’t get much bigger than it is now. Translation: Get ready for a retirement filled with lots of cold cuts, plenty of quality TV-watching time, and a place to live that’s too small to accommodate your visiting kids.
I came to investing as a person who wasn’t great at math, possessed zero extra cash, and wanted a life—not an extra three hours of work to do every day. Fortunately, I was introduced to The Rule.
Rule #1, as famed investor Warren Buffett will tell you, is don’t lose money. Through an intriguing process that I’ll clarify in this book, not losing money results in making more money than you ever imagined. What it comes down to is buying shares of companies only when the numbers—and the intangibles—are on your side. If that sounds too good to be true, it’s because the mind-set I’ll be introducing you to leads not to bets but to certainties. Believe me, if there were anything genius-level about this, I’d still be a river guide collecting unemployment much of the year.
Part of the secret is thinking of yourself as a business owner rather than a stock investor. Part is taking advantage of today’s new Internet tools, which drastically reduce the “homework factor.” (We’re talking a few minutes, tops.) Part is knowing the only five numbers that really count in valuing a potential investment. And part—maybe the most important part—is using the risk-free Rule #1 approach to consistently pay a mere 50 cents to buy a dollar’s worth of a business.
What I won’t waste your time with is fluff: a lot of vague parables reminding you of what you already know and leaving you exactly where you started. This is the real deal, folks: a start-to-finish, one-baby-step-at-a-time approach that will allow you to retire ten years sooner than you planned, with more creature comforts than you ever imagined.
Unavailable
Related to Rule #1
Related ebooks
Rule #1 (Review and Analysis of Town's Book) Rating: 5 out of 5 stars5/5Summary of Phil Town's Rule #1 Rating: 0 out of 5 stars0 ratingsBuilt to Sell (Review and Analysis of Warrilow's Book) Rating: 4 out of 5 stars4/5Turn Your Startup Into Money Making Robot Rating: 0 out of 5 stars0 ratingsFaster Company (Review and Analysis of Kelly and Case's Book) Rating: 0 out of 5 stars0 ratingsBusiness Intelligence: Thomas Cantone, #1 Rating: 0 out of 5 stars0 ratings7 Steps to Starting Your Own Business Rating: 0 out of 5 stars0 ratingsBinary Trading Strategies: Learn Binary Options Profit Making Strategies Rating: 2 out of 5 stars2/5Entrepreneurship: How Entrepreneurs Get Rich Rating: 0 out of 5 stars0 ratingsA Comprehensive Guide on the Importance of Business Rating: 0 out of 5 stars0 ratingsLaunchpad: A Beginner's Guide to Starting Your Own Business Rating: 0 out of 5 stars0 ratingsSummary of Michelle Seiler Tucker & Sharon Lechter's Exit Rich Rating: 0 out of 5 stars0 ratingsSummary of Tom Golisano's Built, Not Born Rating: 0 out of 5 stars0 ratingsRecurring Income Secrets: Fool Proof Strategies on How to Succeed in Network Marketing and Build Your Own Cash Pipeline! Rating: 0 out of 5 stars0 ratingsRecurring Income Secrets Rating: 0 out of 5 stars0 ratingsBusiness Plans that Win $$$ (Review and Analysis of Rich and Gumpert's Book) Rating: 0 out of 5 stars0 ratingsSummary of Norm Brodsky & Bo Burlingham's Street Smarts Rating: 0 out of 5 stars0 ratingsRECURRING INCOME SECRETS Rating: 0 out of 5 stars0 ratingsCommon Sense Business (Review and Analysis of Gottry's Book) Rating: 0 out of 5 stars0 ratingsHow to Outperform the Market Rating: 3 out of 5 stars3/5Summary of Anthony Parinello's Selling To Vito Rating: 0 out of 5 stars0 ratingsBusiness Venture Secrets Rating: 0 out of 5 stars0 ratingsScale (Review and Analysis of Hoffman and Finkel's Book) Rating: 0 out of 5 stars0 ratingsInvesting By Donald Reed Rating: 0 out of 5 stars0 ratingsHow To Make Money In Stocks Value Investing Strategies Rating: 0 out of 5 stars0 ratingsSummary of John Warrillow's The Art of Selling Your Business Rating: 0 out of 5 stars0 ratingsMake Your First Million: Ditch the 9-5 and Start the Business of Your Dreams Rating: 0 out of 5 stars0 ratings
Budgeting For You
Personal Finance for Beginners - A Simple Guide to Take Control of Your Financial Situation Rating: 5 out of 5 stars5/5How to Pay Zero Taxes, 2020-2021: Your Guide to Every Tax Break the IRS Allows Rating: 0 out of 5 stars0 ratingsBookkeeping: An Essential Guide to Bookkeeping for Beginners along with Basic Accounting Principles Rating: 4 out of 5 stars4/5Fundamentals of Project Management Rating: 4 out of 5 stars4/530-Day Kickass Single Mom Money Makeover: Get Your Financial Act Together, Finally and Forever! Rating: 0 out of 5 stars0 ratingsGood Money Revolution: How to Make More Money to Do More Good Rating: 4 out of 5 stars4/5Dirty Little Secrets: What the Credit Reporting Agencies Won't Tell You Rating: 4 out of 5 stars4/5Frugalpreneur: How to Launch, Manage and Market Your Online Business For Under $100 Per Month: Preneur Series, #1 Rating: 0 out of 5 stars0 ratingsHow To Budget And Manage Your Money In 7 Simple Steps Rating: 5 out of 5 stars5/5QuickBooks: A Beginner’s Guide to Bookkeeping and Accounting for Small Businesses Rating: 0 out of 5 stars0 ratingsCredit Repair: Make a Plan, Improve Your Credit, Avoid Scams Rating: 4 out of 5 stars4/530 Day Spending Detox: The Simple Plan To Save Money & Get Out Of Debt In One Month Rating: 2 out of 5 stars2/5More Money Now: A Millennial's Guide to Financial Freedom and Security Rating: 0 out of 5 stars0 ratingsFinancial Planning & Analysis and Performance Management Rating: 3 out of 5 stars3/5Living Well, Spending Less / Unstuffed Bible Study Guide: Eight Weeks to Redefining the Good Life and Living It Rating: 0 out of 5 stars0 ratingsHow to Fix Your Terrible Credit Score: Getting Out of Debt the Easy Way! Rating: 0 out of 5 stars0 ratingsFinancial Literacy for All: Disrupting Struggle, Advancing Financial Freedom, and Building a New American Middle Class Rating: 0 out of 5 stars0 ratingsSustainable Non-Profit Management Rating: 0 out of 5 stars0 ratingsSummary of Covid 19: by Klaus Schwab - The Great Reset - A Comprehensive Summary Rating: 0 out of 5 stars0 ratingsRich Nurse Poor Nurses The Critical Stuff Nursing School Forgot To Teach You Rating: 0 out of 5 stars0 ratingsHow to Save Money: 50 Tips for Frugal Living Rating: 4 out of 5 stars4/5Saving Money: The 40 Tip Cheat Sheet for Peace of Mind, Effective Budgeting and Financial Success Rating: 4 out of 5 stars4/5The 1-Page Budgeting Plan: Become Debt Free, Accumulate Savings, Build Wealth Investing, and Live Life on Your Terms Rating: 0 out of 5 stars0 ratingsThe Facility Management Handbook Rating: 0 out of 5 stars0 ratings
Reviews for Rule #1
Rating: 0 out of 5 stars
0 ratings
0 ratings0 reviews