How to Find a Stock On Sale That’s Right for You

When you encounter a stock for a worthwhile price, you will know it. February 7, 2020 2 min read Opinions expressed by Entrepreneur contributors are their own. What does it mean to buy a stock “on sale?” In this video, Entrepreneur Network partner Phil Town explains when to buy a stock to get the best return on investment.  If you’re looking for a stock on sale, Town emphasizes that you must practice patience, withstand the flow of emotions and resist fleeting impulses.  It can be an extreme thrill when, as an investor, you’re aware of the price you want to pay, you know the quality you’re expecting and then seemingly, out of nowhere, you encounter the stock on sale. The common adage of buying low and selling high is a go-to strategy for Town. Ideally, the stock should be about 50 percent below its real value. Click the video to hear more from Phil Town. Related: 3 Bad […]

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3 Bad Investing Habits You Should Drop Before It’s Too Late

You can still right your investing wrongs and make progress now. January 31, 2020 2 min read Opinions expressed by Entrepreneur contributors are their own. Here are three common but bad investment strategies you should leave behind in the year 2020, according to Entrepreneur Network partner Phil Town.  Putting off saving for retirement. Even though it sounds far-fetched, Town stresses that you should aim to reach $2 million in savings. Down the line in your retirement, you will realize that this amount is not a lot, and for a married couple, last less time than you anticipated.  Stop creating more debt for yourself. Debt is a surefire way to keep you from becoming wealthy. Town mentions that the average household holds almost $7,000 in credit debt.   Following the crowd. Your aim should be to buy high and sell low. If you’re always reacting to others, you’ll always be a step behind. Click the video to hear more from […]

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Nervous About Investing? Think About Your Money This Way.

By avoiding smart investments, you’re cheating yourself of the retirement savings you deserve. January 24, 2020 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner Phil Town talks about how to get over the investing hump. Start by ridding yourself of hesitation. It’s simple: If you want to grow your wealth and build a substantial nest for retirement, it is only in your best interest to make smart investments — and to start as soon as possible.  Aim first to get out of debt, in particular with credit cards and other types of loans. Then, open a brokerage account. Even if you don’t have the amount Town recommends ($2,000) start by just opening an account to get it on paper. From there, start a watchlist of companies you’re interested in and can understand, especially in industries you either work in or know about. To hear more […]

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How to React When a Recession Is Approaching

When the market is taking a dip, here is how you can recover. January 17, 2020 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner Phil Town asks the question, “Is a recession coming?” A few recent signs, such as trade wars and tariff conflicts, are indicators a major recession could be on the horizon. If and when the markets do take a dip, here are some ways to protect yourself. Build up your emergency fund. Put aside a 6-month rainy-day fund.  Don’t sell your stocks just because your investments are at a loss. If you believe in your stocks, don’t give up on them so easily.  Stay rational and don’t panic. Try to make the best decision from a logical place. Load up on some awesome companies. Now is your chance to create a new watchlist of terrific companies that you think will enrich your […]

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Should You Be Worried About a Market Crash in 2020?

It may be time to consider whether your investments are in trouble. January 10, 2020 2 min read Opinions expressed by Entrepreneur contributors are their own. Will the market crash in 2020? That’s the question Entrepreneur Network partner Phil Town asks in this video.  Town outlines a few scenarios and reasons why the market either will or won’t crash. The market is routinely unpredictable, but it does show signs of a downturn every two decades. To keep your head above water no matter what the market does, Town recommends keeping the following points in mind: Markets are cylical. Even if things look bleak for your investments after a crash, rest assured that what goes around will come around.  Continue to save aggressively. No matter the circumstances, Town warns, don’t forget to save.  Click the video to hear more from Phil Town.  Related: The Keys to Becoming Financially Fit in 2020 Entrepreneur Network is a premium video network providing […]

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Why Your Parents Are Wrong About Money

Your parents mean well, but if you’re a Millennial, their financial advice may be outdated. December 26, 2019 1 min read Opinions expressed by Entrepreneur contributors are their own. In today’s world, your parents’ financial advice may no longer be useful. In this video, Entrepreneur Network partner Phil Town explains you why their investing advice might be wrong. Related: The No. 1 Thing That Matters in Investing Read_More Related posts: College Dorms Are So Expensive that Some Parents are Buying ‘Kiddie Condos’ for Their Teenagers to Live In This Young Entrepreneur Explains Why You Shouldn’t Fear Being Wrong We Grew a Company From 12 to 150 Employees in 4 Years. Here’s What We Did Wrong. The Right (and Wrong) Times to Sell Your Long-Held Stock 10 Reasons Why More Parents Should Become Entrepreneurs Give Working Parents What They Really Want: More Time Far Too Many ‘Adults’ Still Using Parents’ Phone Plan […]

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How Your Investments Can Change the World If You Truly Care About Them

Put your money where your values are. December 13, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. According to Entrepreneur Network partner Phil Town, it is possible to make a difference in the world, especially by how you invest and spend your money.  Vote your values with your money. When you invest your money in a company, you are essentially helping a company spread its influence and message. A company’s success and ability to stay in business is reliant on its stock price. The money you invest is a reflection of the goals and values that are important to you.  Be proud of the stocks you buy. Many people only think of their investments as a means to earn a return. In reality, your money is an extension of you and the causes you believe in in the world. As a beginner or small investor, investing with values in mind can […]

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The Importance of Being Thankful for Your Investments (and for Your Life)

Never underestimate the power of gratitude. December 6, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner Phil Town explains how to remain thankful in life and in finance. He describes a snowball effect, where the more you prepare to be grateful, the more things you will find to be grateful for, after which more positive things will flow to you. As a starting point, you can thank those who have taught you valuable life lessons. These people have imparted advice to you that you were formerly unaware of, so try to honor them when you can. Simlarly, if you wish to be thankful as an investor, invest in companies that are important to you. Putting your money behind a certain company is equal to communicating you support its vision of the world.  Click the video to hear more about tactics for showing gratitude. Related: Financial Quiz: […]

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Financial Quiz: How Adept Are You at Investing?

Some of the most common questions about investing may actually surprise you. Read_More Related posts: Tips for Your Next Tough Conversation, the World’s Most Admired Companies and a Quiz to Help Fight Phishing (60-Second Video) The 4 Investing Mistakes Women Often Make, According to a Financial Expert How Ben Graham’s Financial Strategies Still Have Merit Today Can Investing Make You a Millionaire Overnight? Where to Start Investing If You Are Still Paying Off Student Loans Looking for a Lucrative Side Hustle? Try Investing. Become Master of Your Financial Domain With QuickBooks SPI 302: Coaching vs. Teaching—What I’ve Learned Since Investing in the Art of Coaching

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How to Respond When Your Investments Are Losing Money

Plenty of investors have bought great companies and seen dips in price. November 22, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner Phil Town discusses possible strategies you can use after taking losses on your investments. The efficient-market hypothesis, a common and well-held principle in finance, assumes that asset prices reflect all available information, meaning that price drops in concert with a fall in value. In Town’s experience, this is not to be believed. In his words, the value of a stock is not equal to its dollar value.  Even investing maestro Warren Buffet says that you should not buy a company unless you’re comfortable with it going down 50 percent. In fact, it can actually help if a target stock’s price falls, because the true value of the company does not change with its pricetag.  Click the video to hear more tips about handling fluctuations in […]

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The Key Traits of Patient and Successful Investors

Letting your emotions dictate your habits won’t get you far. November 15, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. According to Entrepreneur Network partner Phil Town, one of the most valuable traits an investor can have is patience. If you are a patient investor and decide on good businesses, Town says there is virtually no scenario where you will not make money. Here are some of the traits of patient investors … and thus, investors who will be prepared for retirement: They have long-term goals. They are slow to buy. Most times, the people who hold off on buying companies are also taking time to do their research. Town recommends investing in no more than 10 companies — like you’re hoping to reach the limit on a punch card with 10 slots. They are confident. These investors are sure they will make money on their investments, and act accordingly.  They are […]

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How (and When) to Save During an Economic Downturn

In this video, Entrepreneur Network partner Phil Town discusses how to invest during a recession. November 8, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. If you can purchase companies at affordable, recession-level prices, you can easily get rich, says Entrepreneur Network partner Phil Town. Town talks about recession-proofing your savings by looking for bargain prices. Even investing maestro Warren Buffett says to treat the market’s fluctuations as friends and to profit with the market follies, rather than participate in them. Of course, that’s easier said than done … but it can be done. 401ks work great when your employer matches your contributions. But don’t be fooled: even with their diversified features, if the market tanks, your 401k will also suffer, as well.  According to Town, a recession is a great time to start saving. Even if you’re investing less in the beginning, any time you can save money during this economic period, you are making […]

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How to Approach Your Finances If You Want to Retire Stress-Free

In order to retire with a relaxed outlook, avoid these detrimental money traps. November 1, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. If you’re near the age of 50, the last thing you want to do before you reach retirement is slip up on your financial habits. In this video, Entrepreneur Network partner Phil Town discusses the habits you should avoid when saving for retirement.  Being too conservative with your money Neglecting to set up a will. Retiring too early. Fortunately, many of us live beyond the expected time we anticipate for ourselves, so if you’re unsure about whether you have enough saved up prior to taking retirement, it might be best to keep working. Borrowing from your retirement. Any time it crosses your mind to borrow from your retirement savings, consider how costly this decision will be for you in the long run.  Staying in the market […]

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Incredibly Simple Millionaire Traits You’d Never Expect

Maintain your discipline and keep your money. October 25, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. You might not realize it, but millionaires are often just regular people with regular jobs. As Entrepreneur Network partner Phil Town puts it, if you simply do the right things and follow the path others have established, you too can reach millionaire status. Millionaires make simple, smart decisions when making ⁠— and saving ⁠— their money.  In this video, Town describes the habits that made millionaires millionaires. People who became millionaires may have different personality traits or backgrounds,⁠ but most of them probably did the followings things: They did not spend money on unnecessary expenses. They saved what they earned. They invested their money so it grew over time.  Click the video to hear more from Phil Town. Related: How to Manage and Balance Your Family Finances With a Single Income Stream Entrepreneur Network is a premium video network providing entertainment, ewitducation […]

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How to Manage and Balance Your Family Finances With a Single Income Stream

Here’s how to live and properly talk with your partner about subsisting on one household income. October 18, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner Phil Town discusses how to save money for your goals when you only have one source of income. Town recommends the following: Create a strict budget. The budget will be divided into three categories: Essentials Investing Non-essentials Communicate with your partner. Often, the partner who is not earning an income can feel left out. In order to balance this dynamic, the individual who is earning the majority of the money can pass the management of the money over to his or her partner.  Keep your lifestyle in check. Spend within a reasonable budget on the essential and non-essential items. Town emphasizes there is a unique merit to buying items used — in fact, his own childhood experiences buying used items helped instill […]

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The Right Moment to Buy a Stock at a Great Price

October 11, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner, Phil Town explains how finding just the right time to buy a business is key. How do you establish a margin of safety to make sure you are safe in future years, and how do you determine the sale price that tells you it’s the right time to buy a company?  To determine the margin of safety of the business, and determine whether it is ready for sale, start by understanding the business as much as you can and understand what will protect it. Next, set a goal of 10 percent yield for the year. If you are able to meet this level of profit, you are doing great for the year.  Watch the video to hear more strategies and turn a profit. Related: 5 Financial Choices You’ll Regret Entrepreneur Network is a premium video network providing […]

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5 Financial Choices You’ll Regret

We all make mistakes, but we can make fewer if we remain mindful. October 4, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. Regret, especially finance regret, can stick to you. In this video, Entrepreneur Network partner Phil Town discusses a handful of bad financial habits to keep an eye on. Here are five circumstances that might lead to financial regret.  Not having an emergency fund.  Lacking an automatic savings system. Not having health insurance. Buying things to keep up with others. Not investing enough in your own financial education. Town mentions that he was lucky enough to get a solid education in finance, but many people are not so lucky. This education should offer training outside speculating and diversifying stock choices.  Click the video to hear more.  Related: The Indicators That a Market Crash Is Approaching Entrepreneur Network is a premium video network providing entertainment, ewitducation and inspiration from successful entrepreneurs and […]

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The Indicators That a Market Crash Is Approaching

Phil Town describes the economic and global forces that point to a crash and what it could mean for individual investors. September 27, 2019 1 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrpreneur Network partner Phil Town discusses the signs and implications of a market crash. Some of the economic forces and events, Town explains, that are pushing and stemming from the predicted downturn include the following: A trade war with China The Dow Jones Industrial Average dipped for the second time within one year  The largest economies in the world are shrinking, including the U.S. and Germany The Federal Reserve cutting interest rates Click the video to hear more from Phil Town about the implications of an upcoming crash.  Related: Want to Make Smart Investments? Use These Expert Tips. Entrepreneur Network is a premium video network providing entertainment, ewitducation and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to […]

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Want to Make Smart Investments? Use These Expert Tips.

Finance guru Phil Town shares some of the best information he’s collected over his investment career. Read_More Related posts: 3 Tips for Becoming a Franchisee (60-Second Video) An Expert Reveals Smart Rate-Setting Tips for Your Freelance Writing Business How This Professional Skateboarder Built His Passive Income Streams Through Smart Investments Investments in Your Children’s Future Are the Best ‘Gifts’ You Can Give Them This Holiday Land Your Dream Gig With These Expert Tips Ten Expert Tips for Creating a Viral Content in 2018 11 Expert Tips on How to Successfully Grow and Scale Your Business Relax Easier on Your Next Vacation With These Smart Saving Tips

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How Do Millionaires Spend Their Money?

Not all of the wealthy spend like they’re wealthy. September 13, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner Phil Town busts some of the myths associated with millionaires, including their spending habits. The two most signicant myths Town describes are the following: Millionaires are irresponsible with their money and/or spend it frivilously. Warren Buffet lives in the same five-bedroom home in Nebraska that he bought in the mid-1950s. Bill Gates, the founder of Microsoft, and Sam Walton, the CEO of Wal-Mart, both drive relatively humble cars. These big-name execs prove that you don’t need to spend like you’re a millionaire when you do reach millionaire status.  Millionaires take a lot of risks. Though the running assumption is that millionaires consistently take big swings. In reality, millionaires are often the best at taking calculated risks. What is surprisingly common is how millionaires […]

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