Rule #1: The Simple Strategy for Successful Investing in Only 15 Minutes a Week! by Phil TownBefore 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.
In this book I’ll show you how I turned $1,000 into $1 million in only five years, and then proceeded to make many millions more. 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.
Also available as a Random House AudioBook and eBook.
Phil Town RULE #1
September in Atlanta, Georgia. As a hedge-fund manager who has been featured on ABC, CNN, Fox Business and in the Wall Street Journal I review openly how people make financial decisions, the myths that lead to mistakes, and how to create an inflation-proof portfolio. You will be getting three jam-packed days of hands on investing education and direct help from my best coaches in the room.
Rule One Workshop Review
Before I get into what I thought about the workshop, I just want to let you know I am not affiliated with Rule One in any way, so this will be my completely honest opinion. I thought that the three-day workshop was definitely worth the time and money it cost me to attend. For those of you that are on the fence about whether or not you should take the time to go, I would recommend that you go for it. I am thinking that most if not all of the people that apply for those scholarships get them. The reason being is because I applied for one a while ago to attend one of his workshops, just to see how much work it would be to apply for one of his scholarships, after applying within a couple of days I got an email back saying that I had been awarded a scholarship. If you do get to Atlanta the day before the workshop begins I would highly recommend registering the day before at the hotel to avoid the long lines on Friday morning. The first day is Phil and their coaches explaining about how to find a wonderful company to invest in and find its value sticker price.
As it turned out, Town is a Buffett devotee. B and Charlie Munger for decades and his investment philosophy is closely aligned with theirs. As I was extremely interested in learning about Buffett, I devoured Rule One Investing and was hooked on the strategy outlined. Phil has built an incredibly successful business, both as a fund manager AND as an information and training company. He essentially parlayed his success in investing into a NYT best-selling book Rule One Investing and then turned that book into a course that thousands?
And then walks you through each one. Where the real meat is for people will be in how you value and price stocks, looking for the discount.
one direction save you tonight live
As I learn rule 1 investing I learned business and most importantly learned how to be a great person. I attended Rule one investing workshop and I think I got the best financial lessons from Phil and his family. It was more valuable than what I learnt in business school. Thank you, Daniel, for doing the podcast and authoring "Invested" without which I wouldn't have known about your Dad's workshop. If you can learn to invest, so can I. You are a great inspiration.