Adopt These Smart Money Habits When Stock Prices Skyrocket

Patience is a virtue in life and investing. July 19, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. Entrepreneur Network partner Phil Town says that the higher the stock market capitalization-to-GDP ratio is, the more confident you can be in saying that the market is overpriced, which can make it difficult to find value. To find success in pricey times, Phil Town recommends a few tips. To start, stay patient. Make sure you are staying alert to good value and good opportunities. Use the time you don’t spend investing to research promising companies and build up your savings, so you can strike when the time is right. Click the video to hear more.  Related: How Warren Buffett Got Rich by Following What Makes Him Happy Entrepreneur Network is a premium video network providing entertainment, ewitducation and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and […]

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How Warren Buffet Got Rich by Following What Makes Him Happy

If you’re actively investing in companies that stoke your interests and follow your values, you’ll see great returns. July 12, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner Phil Town explains how passion can simplify the entire investment process. For example, Town points out how the Oracle of Omaha Warren Buffett invests in Coca-Cola and drinks a Coke every day. Buffett also famously starts each day by eating a McDonald’s breakfast, another company in which he has invested. While Buffett’s investments in McDonald’s, Coca-Cola and See’s Candies might not be very health-conscious, it’s important that Buffett maintains a connection to each one. He also creates connections through his rabid reading habits. Town shares that Buffett is known to read about 300 pages a day, including multiple newspapers.  Click the video to hear more about how Buffett manages his investments while staying true to himself. Related: The […]

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The Right (and Wrong) Times to Sell Your Long-Held Stock

If you’re looking to sell, do a review of this convenient list to confirm you’re making the right decision. July 5, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Phil Town details a few instances where it is a good — or bad — idea to sell a long-held stock.  According to Warren Buffet, the most ideal investment is one which you can hold onto and watch grow for an infinite amount of time, building your money over long durations of time. However, if you are considering selling a stock — these are a few times where it is very wise to sell. For one, if a company has changed its company story, especially one that seemed to be the crux of its identity, it could be time to move on. Town also recommends selling when you are presented with a better opportunity. Even if your […]

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Why You Should Spend More Money and Avoid Savings Accounts

Practice good judgment as to whether spending money may actually be more conducive to your ultimate goals. June 28, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner Phil Town describes some of the ways that saving can actually be detrimental to long-term financial health. Nobody wants to lose money, but that impulse can be destructive if it means sacrificing important life experiences and opportunities. Town mentions there is a difference between establishing a safety cushion and saving every dime for fear of losing your money. According to Town, putting your money in a traditional savings account can also be a mistake, in part because the value of your money kept in them will decrease over time. Click play to hear more from Phil Town. Related: Break Bad Investing Habits by Adopting These Tried-and-True Tips Entrepreneur Network is a premium video network providing entertainment, ewitducation and inspiration from successful entrepreneurs and thought leaders. We […]

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Break Bad Investing Habits by Adopting These Tried-and-True Tips

Phil Town describes a few traits of smart investors. June 21, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. Many investors unwittingly follow a slew of bad habits that prevent them from making money. Thankfully, if you are one of these people, you can change your course by following these tips from Entrepreneur Network partner, Phil Town. First off, stop trying to get rich fast. Get-rich-quick schemes often blow up and backfire. A good investor knows that to make money, you should commit to investing in a company for an extended period of time. Exiting an investment too soon directly cuts into your ability to build up wealth, and practicing patience can lead to a big payoff down the road.  Town says that most people who are willing to take your money and invest it are not great at it. that’s why you should dive into companies on your own and figure out the strategies […]

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Want to Improve Your Investing Habits? Try Warren Buffett’s Circle of Confidence.

Make your financial strategy sleeker and more customized to your passion with this concept. June 14, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. According to Entrepreneur Network partner Phil Town, if you want to become a successful investor, you should develop a circle of competence. A circle of competence is an aggregation of all the things you have expertise in, and Town says you should focus on making investment decisions on topics, businesses and industries that fit within the circle. To further narrow your search and identify possible investments, you should look at the companies within your circle that match your values.  Click play to learn more about how you can define your circle of competence and make better investments.  Related: The Pros and Cons of Investing in a Stock Index Entrepreneur Network is a premium video network providing entertainment, ewitducation and inspiration from successful entrepreneurs and thought leaders. We provide expertise […]

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The Pros and Cons of Investing in a Stock Index

If you lack the time and resources to research individual companies, then investing in a stock index could provide a substitute. June 7, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner Phil Town about the benefits of investing with an index.  As always, Town stresses the importance of doing research before your start investing. However, if you’re strapped for time and resources, you can turn to index investing. Individual stock investing triumphs over index investing, since individual investments can fluctuate but are not reliant on the market’s movements. Town points out that an especially solid company can weather even the worst financial recessions. Indices tend to perform, in the long-term, as well as the overall market. That said, there can still be benefits to investing in an index. Click the video to hear more from Phil Town.  Related: These Tips Can Help You Discover Which Stocks to […]

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These Tips Can Help You Discover Which Stocks to Buy

Don’t just go with your gut when it comes to your finances. May 31, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner Phil Town explains what to do when researching a company you might want to invest in. There are tons of resources you can turn to, including specialty reports and tipsters. Town recalls an old saying that “very smart people can do very dumb things.” So, take a step back from all the noise, stop listening to others and do your own research.  Town also recommends avoiding companies that fail to demonstrate consistent growth, and that you should always buy stocks with a margin of safety attached. That way, you will have a cushion to make mistakes in case your chosen companies don’t perform as expected. Click play to hear more from Phil Town.  Related: 6 Bad Habits That Can Cut Into Your Retirement Savings Entrepreneur Network is […]

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6 Bad Habits That Can Cut Into Your Retirement Savings

If you’re close to retirement, keep an eye out for these bad habits and save more for retirement. May 24, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner Phil Town discusses some traps 40-year-olds should be wary of before retirement. In your 40s, you are ideally at a state where are actively earning more, saving more and also perhaps traveling more. But as you are circulating through these activities, you have to be wary of certain habits that will dip into your savings. They include: Spending too much on your children, especially if you start dipping into your retirement savings to support your children. Leave your nest egg alone if at all possible.  Failing to take care of yourself. Keep tabs on your fitness, your diet and your wellness. You may just be able to avoid some medical bills and pocket the savings.  […]

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Want to Save $10,000 This Year? These Tips Can Help.

Here’s how to end the year with some extra cash in your bank account. May 10, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner Phil Town talks about strategies you can use to improve your annual savings like compound interest. Town also recommends that you should pay yourself first with each check — that is, putting money into a savings account that you won’t touct before you’re tempted to spend it. Then, you can live on what is left to stay the course of your savings goal. Even if you’re only able to put away a little each paycheck, it can still make a big difference by the end of the year. Click the video to hear all of Phil Town’s tips for building your savings this year.   Related: Red Flags You Should Look for in Quarterly Earnings Reports Entrepreneur Network is […]

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Red Flags You Should Look for in Quarterly Earnings Reports

Phil Town explains the key areas to watch out for when reviewing this financial info. May 3, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner Phil Town discusses how to approach listening to quarterly earnings calls, which can be a gold mine of information for investors.  In terms of general information, Phil Town points out that these calls usually take place on the same day that the quarterly earnings report comes out. It may also be a good idea to review the annual report, the 10k, as well. If a company is worthwhile, these reports will be extremely enlightening, since the document will provide accurate and honest information.  Town also recommends being overly critical when listening to calls, such as evaluating if you even believe what you’re hearing. You want to make sure your money is going into a trustworthy company […]

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These Tips Can Help You Invest More Confidently

Here’s why investing is like public speaking. April 26, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner Phil Town breaks down a few tips that can help you be more confident while investing.  To start, remember that investing is a learning process, one that takes multiple efforts. Town likens it to public speaking because both require a lot of practice and confidence comes over time. As a rule, the more you try and the more experience you have, the more confident you will become. You should also focus on research and being rational. Don’t judge your investments off emotions, which will only serve to cloud your judgment. Make sure you have a general idea where the company will be in a decade. Take a long-term view, and you will be able to make more of an informed decision about whether a stock is right for […]

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These Simple Tactics Will Help You Become More Mindful With Your Money

Modern technology can help you spend your money, not save. April 12, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner Phil Town says we can all benefit from being more mindful with our money. Destructive habits like using our credit cards and failing to balance our budgets can deplete your savings.  Before you make big purchases, you should probably wait a week to really consider all of the pros and cons. You will come to realize that your impulse buys are mostly empty in the long run and investing your money is ultimately more lucrative.  Click the video to hear more from Phil Town. Related: Is Your Side Hustle Actually Making You Money? Entrepreneur Network is a premium video network providing entertainment, ewitducation and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed […]

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Is Your Side Hustle Actually Making You Money?

April 5, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. Many people are involved in side hustles today. This can include driving for Uber, running a shop on Etsy, or completing graphic deisgn projects and other forms of reliable sources of revenue.  In this video, Entrepreneur Network partner Phil Town notes that side hustle income is often treated like luxury income. The money is often used by people to buy luxury items, rather than being put toward savings. Whether you’re making an extra $50 or $500, you must have a plan before the money is in your hand.  Some smart moves to make with your side hustle earnings include putting more money into your retirement and more into your investment portfolio. You can even invest further into your side hustle, so that one day it will blossom into a full-time, discernibly lucrative job.  Click the video to hear more. Related: How You […]

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How You Spend Your Money Sends a Message to the World

Put your money behind businesses that actually make a difference. March 29, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner Phil Town explains that you send a message to the rest of the world when you put your money behind certain causes. That’s why it’s important to do the research. You should know where your money will end up and whether or not it will align with your values. Take ownership of your investments, so that you are making decisions — not your financial advisor. To hear more about how your investments speak to others, click the video. Related: If You Want to Break Out of the Middle Class, Avoid These Money Habits Entrepreneur Network is a premium video network providing entertainment, ewitducation and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across […]

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If You Want to Break Out of the Middle Class, Avoid These Money Habits

The ease of falling into these unproductive money traps is dangerously high. March 22, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner Phil Town discusses how people in the middle class often have only $1,000 in savings and piles of debt.  So, if your goal is to break out of the middle class and retire comfortably, here are a few habits — or “traps” — you should avoid: Having no emergency funds. Not investing enough. Having no trust in the stock market (putting away money in a 401K is just the start) Not thinking long-term. Town recommends only buying things when it is absolutely required. Invest everything else. Click the video to hear more. Related: The Biggest Risks (and Rewards) of Investing Entrepreneur Network is a premium video network providing entertainment, ewitducation and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate […]

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The Biggest Risks (and Rewards) of Investing

Always make sure you know a company’s pros and cons before you invest. March 15, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner Phil Town explains a few of the most significant risks and rewards of investing.  It can be risky to invest in companies without sufficient research or businesses that lack a proven track record, and you probably shouldn’t trust companies with unreliable leadership.  Town recommends practicing discernment with the efficient market theory and always keeping an eye out for stocks that are price wildly below their value.  In the words of star investor Ben Graham: In the short-run, the stock market is a voting machine in the short term, but in the long-run, it’s a weighing machine. This means that underpriced stocks today will often produce rewards later on. Click the vieo to hear more from Phil Town.  Related: Set Clear Financial Goals by Making Unbreakable Promises Entrepreneur Network is […]

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How Ben Graham’s Financial Strategies Still Have Merit Today

Phil Town breaks down the benefits of value investing. March 8, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner Phil Town discusses the history of value investing and its significance for your modern investing strategies. Buying low and selling high makes a lot of sense in theory, but it is rarely ever so simple. Town explains that in the 1930s, Ben Graham made a deliberate effort to snap up undervalued stocks before other investors. While value investing has changed since then, Town says that modern investors can use value investing in new ways to help them make money. These tactics include understanding what is the true value of a company as well as maintaining patience throughout the research process. Click the video to learn more. Related: Set Clear Financial Goals by Making Unbreakable Promises Entrepreneur Network is a premium video network providing entertainment, ewitducation and inspiration from successful entrepreneurs and thought leaders. We […]

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Set Clear Financial Goals by Making Unbreakable Promises

To accomplish your goals, you have to establish clear milestones. March 1, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner Phil Town says that financial goals can also be problematic. At times, making a promise is better; form goals around solid promises.  Town stresses that making a goal that involves “making X amount of dollars in X amount of time.” Town sets some clear methods to set goals, including setting a definite budget. Town points out that if you have less money to work with, most likely you will — out of necessity — stay within your budget.  Many entrepreneurs, Phil Town points out, also consider goal-setting an integral part of their success. The financial pro shares that in order to achieve something specific, you have to be specific about what you want to achieve. Town shares that he reviews his goals each day, taking care to review […]

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How to Figure Out Which Stocks Fit Your Portfolio

Look at these key factors when making your decisions. February 22, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner Phil Town discusses how to set up a stock wishlist and a watchlist. Town explains that stocks on your wishlist should be companies you have completed research on and are interested in buying. On the otherhand, a watchlist should be a collection of stocks you are interested but still need to look into.  Instead of being extremely lazy during a certain period, and very aggressive in the next, Town recommends an alternative. When other investors are pulling back, you should choose to be more aggressive.  A stock wishlist — a list backed up by research — can be extremely helpful when you are in a high pressure scenario and need to make a decision quickly, without letting emotions get in the way.  To move stocks […]

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