10 Things You Shouldn’t Invest In

This entrepreneur and author explains which industries he considers smart investments … and which ones aren’t. Grow Your Business, Not Your Inbox Stay informed and join our daily newsletter now! May 16, 2020 1 min read Opinions expressed by Entrepreneur contributors are their own. Daulat CEO Rick Mirza shares how his upbringing shaped him and how he was able to turn his first job into an equity position in the business. Mirza and The Playbook host David Meltzer then chat about a range of topics, including whether genetics or environment is a bigger factor in becoming an entrepreneur, how self-development became a major part of Rick’s life at a young age and the most important investment lessons from his new book, Ten Things Not to Invest In, which comes out later this summer. Related: How This Lifestyle Brand Is Trying to Make the World a More Optimistic Place Read_More Related posts: ‘If We Don’t Know the Product, […]

Read more

Invest in a Better Pharmaceutical Industry With NowRX

Want to see a better future? Invest in it today. April 19, 2020 2 min read Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. The pharmaceutical industry is a famously intransigent one, resisting disruption for so long that it has helped contribute to enormously high medication and pharmaceutical costs. Retail pharmacy today is a $330 billion industry, marked by high premiums and inconvenience. The pharmaceutical industry simply offers customers a bad model and, until now, there has been hardly any effort at change. NowRx, however, is spearheading innovations in technology, service, and convenience to disrupt the market and promote positive change, and it’s proving to be a solid prospect for enterprising investors. Their modern business model focuses on low cost, highly […]

Read more

An Investment Opportunity for a Better Pharmaceutical Industry

NowRx is improving the way we get our prescriptions. March 29, 2020 2 min read Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. It’s no secret to anyone that the American pharmaceutical industry is firmly entrenched in its ways. And that’s not necessarily a good thing for customers. Retail pharmacy is a $330 billion industry, driven by high medication costs and stringent means of delivery through brick-and-mortar stores. NowRx, however, is disrupting the market. Founded in 2016, NowRx is spearheading innovations in technology, convenience and service, carving out a significant chunk of the pharmaceutical market. They say they’ve seen a 280 percent jump in revenue since 2017 and a 1,000 percent account growth rate since 2016, demonstrating clear resonance in a market that is […]

Read more

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 […]

Read more

The High-Earning Investment Techniques Only the Wealthy Know

If you want to become rich, invest like the rich. January 22, 2020 1 min read Opinions expressed by Entrepreneur contributors are their own. How do wealthy people invest their money? In this video, Entrepreneur Network partner Jeff Rose discusses some investment hacks wealthy people know. He grew up among family and friends who did not have an idea of how to get rich, and it seemed nearly impossible. However, Rose made smart financial decisions to get the most out of his money, choosing smart investments with high growth potential. Click the video to hear more. Related: How Past Mistakes Can Lead to Incredible Future Achievements Entrepreneur Network is a premium video network providing entertainment, education 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 all digital platforms for the business genre. EN is partnered with hundreds of top YouTube […]

Read more

Make Smarter Investment Decisions with These Courses

Learn how to gain a competitive advantage and work toward financial independence. January 19, 2020 1 min read Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. They say you have to spend money to make money, but that doesn’t mean you should spend with impunity. Investing is all about making smart, educated decisions so you can maximize your ROI. Of course, knowing how to make those decisions takes some practice and training. Training you can get in The Learn Business Finance & Valuation Master Class Bundle Ft. Andrew Stotz. Andrew Stotz co-founded CoffeeWORKS, Thailand’s leading B2B specialty coffee roaster, and now runs A. Stotz Investment Research, which provides research tools for institutions and high-net-worth investors. Safe to say he knows a […]

Read more

More Americans Ready To Put Money Into Cannabis Investments

While legalization at the national level remains elusive, almost half of investors say they are willing to put cash into cannabis stocks if Washington gets it done. December 26, 2019 3 min read Opinions expressed by Entrepreneur contributors are their own. Survey after survey has found a majority of Americans favor marijuana legalization. Now, a new study finds Americans are also willing to back the legal marijuana industry with their cash, too. In a survey of 800 American investors, GOBankingrates asked about views on legalized marijuana and willingness to add cannabis stocks to their investment mix. They found that 49 percent are willing to put their money into cannabis stocks, and that some have already done so — even as federal legalization in the U.S. is still questionable. The reported stated: “The results demonstrated that, despite people’s concerns about the future of the legal cannabis industry, about half of Americans […]

Read more

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 […]

Read more

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 […]

Read more

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 […]

Read more

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

Read more

Are You Wasting Money on Your 401(k)?

Phil Town discusses the pros and cons of using this popular workplace investment method. August 2, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. Is it a wise investment decision to put your money in a 401(k)? In this video, Entrepreneur Network partner Phil Town discusses the advantages and disadvantages of investing in a 401(k). And is it really worth it? According to Town, investing is always worth more than not investing at all, especially if your employer is matching your financial contributions.  However, Town explains there are many shortcomings to a 401(k), such as limited options in terms of where your money is invested and high fees paid to managers. To hear all the advantages and disadvantages, watch the full video. Related: Adopt These Smart Money Habits When Stock Prices Skyrocket Entrepreneur Network is a premium video network providing entertainment, ewitducation and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities […]

Read more

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 […]

Read more

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 […]

Read more

Want to Become a Billionaire? Invest in Your Own Business, Not Your 401(K).

Many investors haven’t kept up with inflation over the last 20 years. Have you? June 18, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. Entrepreneurs are, by nature, risk-takers, so investing in the stock market may be appealing, a side hustle that just might make you rich. After all, a few top investors have become billionaires playing the Wall Street casino, so why not you? Related: Millennials Scared of the Stock Market Risk Being Broke When It’s Time to Retire But I have to burst your bubble here because, for starters, you probably are not Warren Buffett. And even the Oracle of Omaha, one of the most successful investors of all time, has been sounding alarms about the perils of the market. In a recent annual letter to shareholders, the Berkshire Hathaway CEO said that market losses of 50 percent or more would not only be possible but […]

Read more

Here Are 5 Ways to Become a ‘Monster Truck’

Fast money doesn’t always mean long-term money. So sidestep those temptations. May 16, 2019 8 min read Opinions expressed by Entrepreneur contributors are their own. Every company needs money to stay alive, let alone grow. This is especially true in the tech world, where even slow growth is equated with slow death. But sometimes, acquiring too much investment too soon is the very thing that causes a business to take down the open sign rather than put up the moved to larger facilities sign. Related: Forget Unicorns. We Need More ‘Zebra’ Startups. Indeed, I’ve seen a slew of startups in recent years wear a badge of honor following a huge investment round. They’ve boasted about post-money valuations, but then the bad news: They’ve disappointed their investors with a down round due to poor execution, market volatility or a product or market fit miss. So, the lesson here is that reaching unicorn status, […]

Read more

3 Great Ways to Invest Your Savings (If Your Business Hasn’t Yet Made You a Millionaire)

Here’s a money-making idea you perhaps haven’t thought of: Buy a house. But don’t live in it. Rent it. March 11, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. As business owners, we get really good at all sorts of things, like branding, marketing, sales, account and project management. But one skill many new business owners are lacking in is how to manage their finances. Related: 7 Quick Ways to Make Money Investing $1,000 This isn’t surprising: Nearly two-thirds of us Americans can’t pass a basic financial literacy test (the kind that asks you how much 20 percent interest on a $1,000 loan amounts to). And, as the financial regulator FINRA has reported, things aren’t looking up. FINRA’s surveys of Americans between 2009 and 2015 showed our financial knowledge nationwide growing steadily worse, not better. In short, we’re laughably bad at counting money and figuring out how to save and invest […]

Read more

Why Making Easy, Passive Income Is Possible With the Right Approach

Name a billionaire. Most likely, he or she is earning income passively. December 28, 2018 2 min read Opinions expressed by Entrepreneur contributors are their own. If there is one way many peole have dreamed of making money, it is by making it passively. The key to truly generating passive income is by putting it in one, lucrative place and watching it grow exponentially, says Entrepreneur Network partner Phil Town. To start growing income passively, you should look into investing.  Investing in businesses with a solid moat around them, or which have built a solid ecosystem around their products, can make money for its investors by paying back a rate of return of 20 percent, a real rate that Apple does, in fact, pay its investors. So, if you are investing in your money in a worthwhile business, then you can very well see your money grow, year after year, without much of your help. Click […]

Read more

Investments in Your Children’s Future Are the Best ‘Gifts’ You Can Give Them This Holiday

Learn about four investments you can make to protect your kids long-term. December 5, 2018 6 min read Opinions expressed by Entrepreneur contributors are their own. With the holidays upon us, chances are your children are clamoring for that new toy or video game. But there’s another gift you can give even if Junior won’t appreciate it for years to come. Related: How I Used Real Estate to Pay for My Newborn Daughter’s College Education That gift is an investment in your children’s future. As a parent and an entrepreneur, you likely already have a retirement fund under your belt, but have you considered alternative and traditional ways you can invest your extra cash to protect your children? In fact, it’s easier than ever to invest these days, thanks to advancements in technology; and you can start a new investment fund with as little as five dollars. Think of that fund as […]

Read more

What Signs to Look Out for When Reading Shareholder Letters

Phil Town points out a few markers to take note of when reviewing these occasional correspondences. November 9, 2018 2 min read Opinions expressed by Entrepreneur contributors are their own.  Within Entrepreneur Network partner Phil Town’s portfolio of Rule No. 1 investing rules, there are four principles that begin with “M” to follow. One of these rules is management. Warren Buffett calls the management behind your investments as equivalent to in-laws. Communication with the management that controls your money is crucial. One of the main forms which management uses to correspond with its investors is shareholder letters. In order to draw out the right tidbits from your management’s communication, look for the following within shareholder letters: State of the company culture, according to adjustments in tone. If there is a fluctuation in how the shareholder letters come across, there may be something new (good or bad) happening at the company. Honesty and directness. Is […]

Read more
1 2