19 Burst results for "Phil town"

"phil town" Discussed on Optimal Finance Daily

Optimal Finance Daily

05:22 min | 3 weeks ago

"phil town" Discussed on Optimal Finance Daily

"You live in that, you actually know quite a lot about for most beginning investors. We sort of think we don't know anything about anything I know I certainly felt like that when I started off. But in fact, my teacher told me to start by looking for meaning in each investment. Invest in a business that means something to you. Try to buy businesses that really mean something to you to start with, I have to find out more about me. What actually means something to me what do I actually know something about To figure it out I, want to look at the three circles exercise. Choose Industries you're interested in. What we're doing is loading in industries where we already have a lot of knowledge I'm pretty good at computer software and services as well as Internet hardware, real estate, stuff, clothing, personal items, automotive, and getting those off of this list. If I see things that I made really already know quite a lot about like, let's say leisure and media recreation entertainment hobbies. I just read the description and you can see some of the stocks are in. That category, for example, storm and Ruger and company they make guns and I like guns. So I'm adding Leisure and media to my list. Now, we'll see that leisure and media is on my list and I'm on to the next part of the three circles, which is talent circle to add to that. So you go through each of these circles and simply save and continue by putting on items that you know you already know a lot about. How to choose a business? That is right for you? The first one is passions. The second one is talent. What are you really talented at? What do you know a lot about what can you be world class at and the third one is where you spend your money. So you start to look for things that are in all three of these save them and the program will go out and find industries that matched the talent passions and money circles that you already put up. Now you can see this has come up with a pretty darn good list so it started. OFF THAT I wasn't sure I'd have any companies I might know anything about and it turns out. There are many many companies that I know a lot about for example, let's go over and look at recreational vehicles that sounds like something I might know a bit about what I get is a list of all the companies that are in the recreational vehicle industry group. You can see it's got Harley Davidson and they make motorcycles polaris makes no machines and four wheelers Arctic cat make snow machines winnebago makes those big Winnebago's right. I already know something about these companies. These are companies that I have some connection with in my life. Why we care about understanding a business. So. Why do we care about understanding the business? Well, in one if we buy one share of a company, it's as if we bought the entire company when I buy one share of something I, feel like I own the entire business. Investing, tip the my rule. One Way to think about this is that imagine that my uncle gave me a billion dollars to go out and buy a company with. But the rules were that only get to by one company and that company would be the only way I, make money the whole rest of my life, and if that company went under I would have to live on welfare. So I by every company that I look at it as if it's the only company, my uncle will let me by this is a great rule. You should think about it, I, call it my uncle rule. Investing tip the ten ten rule. I also have what's called a ten ten rule. It says, I'm not going to own a company for ten minutes unless I'm willing to own it for ten years. So if I'm going to buy a company and be willing to own it for ten years, he'd better be something I like and matches my value systems I'm passionate about it I. Love It. I'm talented at it and I spend my money in it. Conclusion. Those are the things that make me connect to my investments and the more I connect with my investments the more I own it as if I owned the whole business, the more I understand the meaning of the business, the better investor I'm going to be. You just listened to the post titled how to Invest Meaning and the three circles by Phil town of rule, one investing dot com. And a real quick thanks to anchor for hosting this podcast anchor is the easiest way to make a podcast. They'll distribute your podcast for you. So it can be heard everywhere spotify, apple podcast, Google podcasts, and many more. You can easily make money from your podcast to with no minimum listenership anchor gives you everything you need in one place for free, which you can use right from your phone or computer creation tools allow you to record and edit your podcast. So it sounds great download the anchor APP or go to Anchor Dot FM to get started. And now, as I mentioned at the top of the show, we've got some changes coming this week and they will begin with episode thirteen a one the first change, which is great news is that we're bringing back our podcast that focuses on entrepreneurship. It's called optimal startup daily and new episodes of that will start back up again on Thursday with me as the host and the other news is that we're going to be getting a new host here on optimal finance daily or name is. Diana she's personal finance enthusiast and she'll be introducing herself here on Thursday. So definitely stick around for that, and hopefully, it will be a smooth transition for you I know it will especially if you've been listening since the beginning, but I've still got one more day with you here on lefty and we back here tomorrow when I'll have some more comments about the changes for now have a great rest of your day and I'll see back here on Wednesday where your optimal life awaits..

Choose Industries Ruger Phil town Winnebago Harley Davidson spotify Google apple
"phil town" Discussed on Optimal Finance Daily

Optimal Finance Daily

04:05 min | 3 weeks ago

"phil town" Discussed on Optimal Finance Daily

"How to invest meaning and the three circles by Phil town of rule one investing dot com. . Investing for beginners. . Circle of competence. . The most important thing. . I can tell you about becoming a great investor is to focus on your circle of competence. . What that means is that area of the world that you live in that, , you actually know quite a lot about for most beginning investors. . We sort of think we don't know anything about anything I know I certainly felt like that when I started off. . But in fact, , my teacher told me to start by looking for meaning in each investment. . Invest in a business that means something to you. . Try to buy businesses that really mean something to you to start with, , I have to find out more about me. . What actually means something to me what do I actually know something about To figure it out I, , want to look at the three circles exercise. . Choose Industries you're interested in. . What we're doing is loading in industries where we already have a lot of knowledge I'm pretty good at computer software and services as well as Internet hardware, , real estate, , stuff, , clothing, , personal items, , automotive, , and getting those off of this list. . If I see things that I made really already know quite a lot about like, , let's say leisure and media recreation entertainment hobbies. . I just read the description and you can see some of the stocks are in. That . category, , for example, , storm and Ruger and company they make guns and I like guns. . So I'm adding Leisure and media to my list. . Now, , we'll see that leisure and media is on my list and I'm on to the next part of the three circles, , which is talent circle to add to that. . So you go through each of these circles and simply save and continue by putting on items that you know you already know a lot about. . How to choose a business? ? That is right for you? ? The first one is passions. . The second one is talent. . What are you really talented at? ? What do you know a lot about what can you be world class at and the third one is where you spend your money. . So you start to look for things that are in all three of these save them and the program will go out and find industries that matched the talent passions and money circles that you already put up. . Now you can see this has come up with a pretty darn good list so it started. . OFF THAT I wasn't sure I'd have any companies I might know anything about and it turns out. . There are many many companies that I know a lot about for example, , let's go over and look at recreational vehicles that sounds like something I might know a bit about what I get is a list of all the companies that are in the recreational vehicle industry group. . You can see it's got Harley Davidson and they make motorcycles polaris makes no machines and four wheelers Arctic cat make snow machines winnebago makes those big Winnebago's right. . I already know something about these companies. . These are companies that I have some connection with in my life. . Why we care about understanding a business. . So. . Why do we care about understanding the business? ? Well, , in one if we buy one share of a company, , it's as if we bought the entire company when I buy one share of something I, , feel like I own the entire business. . Investing, , tip the my rule. . One Way to think about this is that imagine that my uncle gave me a billion dollars to go out and buy a company with. . But the rules were that only get to by one company and that company would be the only way I, , make money the whole rest of my life, , and if that company went under I would have to live on welfare. . So I by every company that I look at it as if it's the only company, my , uncle will let me by this is a great rule. . You should think about it, , I, , call it my uncle rule. . Investing tip the ten ten rule. . I also have what's called a ten ten rule. . It says, I'm , not going to own a company for ten minutes unless I'm willing to own it for ten years. . So if I'm going to buy a company and be willing to own it for ten years, , he'd better be something I like and matches my value systems I'm passionate about it I. . Love It. . I'm talented at it and I spend my money in it. . Conclusion. . Those are the things that make me connect to my investments and the more I connect with my investments the more I own it as if I owned the whole business, , the more I understand the meaning of the business, , the better investor I'm going to be. .

Choose Industries Ruger Phil town Winnebago Harley Davidson spotify Google apple
How to Invest: Meaning and the 3 Circles

Optimal Finance Daily

04:05 min | 3 weeks ago

How to Invest: Meaning and the 3 Circles

"How to invest meaning and the three circles by Phil town of rule one investing dot com. Investing for beginners. Circle of competence. The most important thing. I can tell you about becoming a great investor is to focus on your circle of competence. What that means is that area of the world that you live in that, you actually know quite a lot about for most beginning investors. We sort of think we don't know anything about anything I know I certainly felt like that when I started off. But in fact, my teacher told me to start by looking for meaning in each investment. Invest in a business that means something to you. Try to buy businesses that really mean something to you to start with, I have to find out more about me. What actually means something to me what do I actually know something about To figure it out I, want to look at the three circles exercise. Choose Industries you're interested in. What we're doing is loading in industries where we already have a lot of knowledge I'm pretty good at computer software and services as well as Internet hardware, real estate, stuff, clothing, personal items, automotive, and getting those off of this list. If I see things that I made really already know quite a lot about like, let's say leisure and media recreation entertainment hobbies. I just read the description and you can see some of the stocks are in. That category, for example, storm and Ruger and company they make guns and I like guns. So I'm adding Leisure and media to my list. Now, we'll see that leisure and media is on my list and I'm on to the next part of the three circles, which is talent circle to add to that. So you go through each of these circles and simply save and continue by putting on items that you know you already know a lot about. How to choose a business? That is right for you? The first one is passions. The second one is talent. What are you really talented at? What do you know a lot about what can you be world class at and the third one is where you spend your money. So you start to look for things that are in all three of these save them and the program will go out and find industries that matched the talent passions and money circles that you already put up. Now you can see this has come up with a pretty darn good list so it started. OFF THAT I wasn't sure I'd have any companies I might know anything about and it turns out. There are many many companies that I know a lot about for example, let's go over and look at recreational vehicles that sounds like something I might know a bit about what I get is a list of all the companies that are in the recreational vehicle industry group. You can see it's got Harley Davidson and they make motorcycles polaris makes no machines and four wheelers Arctic cat make snow machines winnebago makes those big Winnebago's right. I already know something about these companies. These are companies that I have some connection with in my life. Why we care about understanding a business. So. Why do we care about understanding the business? Well, in one if we buy one share of a company, it's as if we bought the entire company when I buy one share of something I, feel like I own the entire business. Investing, tip the my rule. One Way to think about this is that imagine that my uncle gave me a billion dollars to go out and buy a company with. But the rules were that only get to by one company and that company would be the only way I, make money the whole rest of my life, and if that company went under I would have to live on welfare. So I by every company that I look at it as if it's the only company, my uncle will let me by this is a great rule. You should think about it, I, call it my uncle rule. Investing tip the ten ten rule. I also have what's called a ten ten rule. It says, I'm not going to own a company for ten minutes unless I'm willing to own it for ten years. So if I'm going to buy a company and be willing to own it for ten years, he'd better be something I like and matches my value systems I'm passionate about it I. Love It. I'm talented at it and I spend my money in it. Conclusion. Those are the things that make me connect to my investments and the more I connect with my investments the more I own it as if I owned the whole business, the more I understand the meaning of the business, the better investor I'm going to be.

Phil Town Choose Industries Ruger Winnebago Harley Davidson
"phil town" Discussed on Hey B*tch!

Hey B*tch!

05:23 min | Last month

"phil town" Discussed on Hey B*tch!

"Eldest interest. She's Filipino. Asian dot raisin you So this is my first. Like I'm I'm trying to self care as much as I can't in my nails. Slum. Yeah. In a weird way because it's like, I'm so sick of covid like on some days I'm great and on somebody's Mike is going to sit there and watch talks with twelve hour. Yeah, basically. Yeah. I was just telling tip before the before we started the podcasts that I just coming out of a slump of like a month or two where I just felt ugly. You've just like you wake up the mirrors like no dude every day for the past month or two I felt the ugliest I have in time is so weird wasn't feeling like that in like Major. Yeah. Yeah. Earlier in the year I wasn't feeling that way was like mental illnesses mental say that every episode. Is Too funny because for me. and IS GOING TO BE A. Moment I'm not trying to do that I'm not trying to do that. But for me, it was my my whole life I, always would be like that in front of a mirror like no, this is like more. Practically, my whole life but like this past year and I don't think it has quarantine or anything more like the self work I've been doing. But now look in the mirror I'm like, Oh, my God, you're court. Finally. Figured that out like zero makeup and I'm like, how do I never see this before Oh my God I'm glowing dude it's crazy. People out there because like I've always liked you're so pretty you. Trying Pretty. Deem this girl I would murder so many orphans for your allowed. Unnecessary. Alive and you'd have eyelashes GonNa. Miss Them. His great eyebrows to. I've gone to really dark path. However. light at the end the off any of you guys are investing in stocks. But what's been a good month for me at least were Shut to Tesla Amazon and Apple. Thank you. You're making moments of money. Wow I. I've been hearing a lot of people get into stocks recently and I'm like is this what I should be doing some grumbly has leading. We'll right now they're kind of those two are like I. Don't I wouldn't buy right now because they're like up like. To wait till they hit like a down. but I bought a couple before the. Star quarantine when everything was crashing and I'm up like eighty percent. Put. Worrying. I'm only twenty, two percent, but eighty percent is fucking pay pal man seeing. People because. He calls. Hey Pal always charge me twenty five dollars. Fifty dollars. That's Why so much I don't like whenever I get like a brand dealer something and they try to send it through pay pal. They just charge a shit ton I'm like, no don't use pay pal. Put in my contract to cover all fees. Yeah. So that's what I'm going to have to do. Now Bill acquired the real reason I jumped. Off. The real reason jumped in was well that, but then also because they were one of the few companies get approved to give small business loans during the pandemic because they're taking all my God damn money. Thank you thank you for the money. I'm actually taking a a seminar in a few weeks. It's a digital seminar like Azuma. Unusually the guy does a person, a workshop weekend workshop but it's the guy that I'm following forever. That does Warren Buffett strategies and he breaks it down into Layman's terms and and like how to find companies long-term. His name is Phil Town and he does a book he wrote a book called. Rule number one and a couple other books too. But I really got into them with roll number one and it was the year it came out with two thousand six and that's when I got into stock investing and a triple my money naming a month. Wow. Yeah. We using his strategies but then when I tried to revisit the book recently a lot of how he breaks it down was. During. The technologies back in two thousand six he did. Yeah and so like I don't know where to find those same tools now they're all completely. Redone completely different and so I went by his baseline strategies, but I couldn't find the. Tools that he uses. So I WANNA take his seminar again, you walk out like with a whole portfolio afterwards of like companies that resonate with you and like using his metrics. I will. Say. We, haven't done our masterclass stuff together I know I. wanted to prove Casey wrong because Casey was like a guy tried. I did like one or two classes that I forgot about it and I was like, well, not meet the. Learning. I get distracted by other things that I'm learning and then I. I. I was distracted for a long time would just animal crossing I blame you too. And you abandoned me you both abandoned me. Both abandoned me. But now ever since I, did the video just like you ever since I did the youtube a what is it? My Island tour? Yeah. I haven't either yeah it's like. Oh. You're done with a yup and then it's Kinda messed up because and now I've kind of abandoned my mom 'cause. I. Got Her into. No she's just like fully into it and she's like we.

Phil Town Casey Mike Warren Buffett youtube murder Azuma Bill Tesla Apple Amazon
"phil town" Discussed on Optimal Finance Daily

Optimal Finance Daily

04:39 min | 3 months ago

"phil town" Discussed on Optimal Finance Daily

"Five retirement mistakes you might be making that could be keeping you from financial freedom by Phil town of rule one investing dot. . com. . If you want to retire comfortably and many Americans believe they are preparing to do. . So in the best way, , possible chances are good that you're just not making the returns you need in order to retire when you want to often the obstacles we face have more to do with the mistakes we make when it comes to investing for retirement. . The problem is most people have no idea whether or not they are on the right plan towards building their retirement wealth retirement planning can be tricky for. . A few reasons. . The first reason is that a lot of different factors affect how you plan for retirement. . These include things like your salary how much you're saving the investment returns you're getting currently and the benefits you're getting from your retirement account. . Another factor is that everyone's actual retirement plan is different. . This leaves things very open to varying opinions and options when it comes to what you should do with your money. . Generally, retirement , planning is about timing and about not losing money, , which is rule number one. . That brings me to the question of what's the best way to save for retirement. . The best way is to learn to invest find companies that you love and understand and buy them when they're on sale when you do that, , you're almost guaranteed to not lose money. . There is no one-size-fits-all retirement plan for everyone, , but there is a place where everyone should start with that in mind. . Here are five retirement mistakes to avoid and what to do if you found yourself in a situation where you made any of them. . One you haven't saved enough for retirement. . Mistake number one is that you haven't saved enough for that. You . haven't saved at all when I first started investing I hadn't saved anything, , but the money that you invest is going to make you more money than anything else in your whole life. . So the earlier you start the better crank down your expenses and crank up the income every dollar you can get into that retirement account now is going to make a huge difference for you down the road. . To your borrowing from your retirement money to pay expenses. . Mistake number two is that you are borrowing from your retirement money to pay your expenses. . You can't do this spend money only on the things you need people often make the mistake of lifestyle creep. . This is what happens when you start to make more money and you buy a more expensive car or House with it quit trying to impress people that you don't like anyway if you're spending out of your retirement account, , it is crucial that you leave that alone if you spend that money you're going to get penalized by getting. . Neither of those things is a good idea. . Three you're paying too much interest on bad debt. . Mystique number three is you're paying too much interest on bad debt. . First of all, , you shouldn't be paying very much interest right now interest rates are at historical lows. . If you're paying eighteen percent interest than something very bad is happening forget about investing. . If you have a lot of credit card debt, , the first thing you have to do is get rid of that bad debt. . If you could make eighteen percent a year, , you're doubling your money every four years you don't WanNa double someone else's money every four years. . Another kind of bad debt is when you're borrowing money to buy, , you don't need don't be borrowing money to go to the mall that's mall investing, , and that's not a great idea save whatever you have to pay down your bad debt as fast as you can. . For your becoming inactive physically and socially. . This one doesn't have to do with money, , but with your well being, , it's easy to become inactive physically and socially this will play a big part in your retirement years. . You've got to be active physically and you've got to be active socially. . For example, , there's a retirement community down in Florida called the villages, , which has one, , hundred, , ten, , thousand seniors, , and what they all have in common is their socially interactive and they're very physically active. . They have something like one hundred golf courses down there when I went down there to play Polo, , three, , thousand people came out to watch and the old wanted to learn about the game staying active and social is so important especially in retirement. . Five you're not taking investing seriously enough. . Mistake number five is that you're not taking investing seriously enough. . This one happens to a lot of people because they just don't think they can do it in our podcast with my daughter Danielle she admits that she doesn't take investing seriously yet. . She didn't even want to learn how to invest, , but that's all about fear and not knowing where to start think about buying stocks like making any meaningful purchase you do a ton of research before buying a new car or a new house right? ? You can handle this investing is no different than that. . When you take it seriously, , it's going to change your life. .

Danielle House Florida
5 Retirement Mistakes You Might Be Making That Could Be Keeping You From Financial Freedom by Phil Town

Optimal Finance Daily

04:39 min | 3 months ago

5 Retirement Mistakes You Might Be Making That Could Be Keeping You From Financial Freedom by Phil Town

"Five retirement mistakes you might be making that could be keeping you from financial freedom by Phil town of rule one investing dot. com. If you want to retire comfortably and many Americans believe they are preparing to do. So in the best way, possible chances are good that you're just not making the returns you need in order to retire when you want to often the obstacles we face have more to do with the mistakes we make when it comes to investing for retirement. The problem is most people have no idea whether or not they are on the right plan towards building their retirement wealth retirement planning can be tricky for. A few reasons. The first reason is that a lot of different factors affect how you plan for retirement. These include things like your salary how much you're saving the investment returns you're getting currently and the benefits you're getting from your retirement account. Another factor is that everyone's actual retirement plan is different. This leaves things very open to varying opinions and options when it comes to what you should do with your money. Generally, retirement planning is about timing and about not losing money, which is rule number one. That brings me to the question of what's the best way to save for retirement. The best way is to learn to invest find companies that you love and understand and buy them when they're on sale when you do that, you're almost guaranteed to not lose money. There is no one-size-fits-all retirement plan for everyone, but there is a place where everyone should start with that in mind. Here are five retirement mistakes to avoid and what to do if you found yourself in a situation where you made any of them. One you haven't saved enough for retirement. Mistake number one is that you haven't saved enough for that. You haven't saved at all when I first started investing I hadn't saved anything, but the money that you invest is going to make you more money than anything else in your whole life. So the earlier you start the better crank down your expenses and crank up the income every dollar you can get into that retirement account now is going to make a huge difference for you down the road. To your borrowing from your retirement money to pay expenses. Mistake number two is that you are borrowing from your retirement money to pay your expenses. You can't do this spend money only on the things you need people often make the mistake of lifestyle creep. This is what happens when you start to make more money and you buy a more expensive car or House with it quit trying to impress people that you don't like anyway if you're spending out of your retirement account, it is crucial that you leave that alone if you spend that money you're going to get penalized by getting. Neither of those things is a good idea. Three you're paying too much interest on bad debt. Mystique number three is you're paying too much interest on bad debt. First of all, you shouldn't be paying very much interest right now interest rates are at historical lows. If you're paying eighteen percent interest than something very bad is happening forget about investing. If you have a lot of credit card debt, the first thing you have to do is get rid of that bad debt. If you could make eighteen percent a year, you're doubling your money every four years you don't WanNa double someone else's money every four years. Another kind of bad debt is when you're borrowing money to buy, you don't need don't be borrowing money to go to the mall that's mall investing, and that's not a great idea save whatever you have to pay down your bad debt as fast as you can. For your becoming inactive physically and socially. This one doesn't have to do with money, but with your well being, it's easy to become inactive physically and socially this will play a big part in your retirement years. You've got to be active physically and you've got to be active socially. For example, there's a retirement community down in Florida called the villages, which has one, hundred, ten, thousand seniors, and what they all have in common is their socially interactive and they're very physically active. They have something like one hundred golf courses down there when I went down there to play Polo, three, thousand people came out to watch and the old wanted to learn about the game staying active and social is so important especially in retirement. Five you're not taking investing seriously enough. Mistake number five is that you're not taking investing seriously enough. This one happens to a lot of people because they just don't think they can do it in our podcast with my daughter Danielle she admits that she doesn't take investing seriously yet. She didn't even want to learn how to invest, but that's all about fear and not knowing where to start think about buying stocks like making any meaningful purchase you do a ton of research before buying a new car or a new house right? You can handle this investing is no different than that. When you take it seriously, it's going to change your life.

Danielle Phil Town Florida House
"phil town" Discussed on Optimal Finance Daily

Optimal Finance Daily

02:17 min | 5 months ago

"phil town" Discussed on Optimal Finance Daily

"Real quick we recommend listening to this show on spotify where you can listen to all of your favorite artists and podcasts in one place for free without a premium account. Spotify has a huge catalog of podcasts. On the imaginable topic. Plus you can follow your favorite podcasts. So you never miss an episode. Premium users can download episodes to listen to off lime wherever and whenever and easily share what. You're listening to with your friends on instagram. So if you haven't done so all right be sure to download the spotify APP search for optimal finance daily on spotify or browse podcasts. In the Your Library Tab also make sure to follow me so you never miss an episode of optimal finance daily. This is optimal finance daily episode. Eleven sixty eight. Don't get caught in the dollar cost averaging trap by Phil town of rule one investing dot com. And I'm Dan I'm your host and narrator bringing you some of the best blogs on personal finance in audio form each and every day and for more of this great content being Mary to you for free covering personal development and much much more you can check out optimal living daily. We've got a bunch of episodes there that you can check out to but since you're here let's get right to it as we start optimizing your life. Don't get caught in the dollar cost. Averaging trap by Phil town of RULE ONE INVESTING DOT COM DOLLAR COST. Averaging is the practice of buying a certain number of shares in a given stock periodically. So you buy a certain dollar amount of shares regardless of the price per share this investing technique supposedly reduces your risk of investing large amount in a single stock at the wrong time you buy more shares when the prices are low and fewer shares when the prices are high dollar cost. Averaging helps you keep your money but it does not guarantee a profit much less a nice retirement if the market drifts for twenty years breaking down dollar cost averaging DCA FOR RULE. Number one investing. You already know what price you're willing to pay so dollar cost. Averaging is necessary every day there are wonderful businesses that you can buy on sale. You might not be able to buy the whole thing but you can certainly by apiece and small piece of the right business even better prices will make you rich over time even after you buy into a business..

spotify Phil town Dan I Mary
"phil town" Discussed on Optimal Finance Daily

Optimal Finance Daily

01:34 min | 6 months ago

"phil town" Discussed on Optimal Finance Daily

"The quick we recommend listening to this show on spotify where you can listen to all of your favorite artists and podcasts in one place for free without a premium account. Spotify has a huge catalog of podcasts. On every imaginable topic. Plus you can follow your favorite podcasts. So you never miss an episode. Premium users can download episodes to listen to off lime wherever and whenever and easily share what. You're listening to with your friends on instagram. So if you haven't done so all right be sure to download the spotify APP search for optimal finance daily on spotify or browse podcasts. In the Your Library Tab also make sure to follow me so you never miss an episode of optimal finance daily. This is optimal finance daily episode. Eleven thirty five three common investing lies busted by Phil town of rule one investing dot com. And I'm Dan. I'm your host here at optimal finance daily and I'm here every day including the weekends bringing you some of the best personal finance blogs on the planet in audio form. And if you didn't know we actually have five different PODCASTS. In this network covering a bunch of different topics it's not just finance. It's much more than that so to check out. All of those shows just search for optimal living daily. Wherever you're hearing this but for now since you're here let's get to today's post as we optimize your life. Three common investing lies busted by Phil town of rule one investing dot com. There are common investing lies and.

spotify Phil town
"phil town" Discussed on Optimal Finance Daily

Optimal Finance Daily

02:09 min | 7 months ago

"phil town" Discussed on Optimal Finance Daily

"The quick we recommend listening to this show on spotify where you can listen to all of your favorite artists and podcasts in one place for free without a premium account. Spotify has a huge catalog of podcasts. On every imaginable topic. Plus you can follow your favorite podcasts. So you never miss an episode. Premium users can download episodes to listen to off lime wherever and whenever and easily share what. You're listening to with your friends on instagram. So if you haven't done so all right be sure to download the spotify APP search for optimal finance daily on spotify or browse podcasts. In the Your Library Tab also make sure to follow me so you never miss an episode of optimal finance daily. This is optimal finance daily episode. Eleven ten what happens when you're ready to retire by Phil town of Rule. One INVESTING DOT COM. And I am Dan. I am here every single day reading to you from some of the best personal finance blogs anywhere. And if you enjoy this crazy idea of reading blogs to you for free it would be great if you could share this podcast with somebody. Today you can email them or text them a link to old PODCAST DOT com slash. Listen or even better. If you're able to subscribe to the podcast right there on their smartphone. That would be great. It's a really big help to keep this show going and growing and I also wanted to give you a little disclaimer about today's posted the author Phil Town a talks about his hobby of Hunting. And we realized that that might be something that you're against. He does acknowledge this in the article and uses it as an analogy. So if hunting isn't your cup of tea you should know that. This is not an endorsement for hunting but simply another analogy anti isn't necessarily saying that everybody should hunt but instead that there's something to learn from the process okay with that of the way let's hear today's post and start optimizing your life. What happens when you're ready to retire by Phil town of Rule One investing dot com? The someday that you've been planning and saving for is today. It's time to retire. You may be feeling ready and excited or you may be feeling overwhelmed and unsure. All of these emotions are completely normal as you are about to.

Phil town spotify Rule One
"phil town" Discussed on Optimal Finance Daily

Optimal Finance Daily

02:01 min | 10 months ago

"phil town" Discussed on Optimal Finance Daily

"This is optimal finance daily episode. Ten Twenty one seven financial goals to set in two thousand nineteen by Phil town of rule one investing dot dot com. And I'm Dan I'm your host happy KWANZAA and boxing day. Hope you are having another great holiday if you're celebrating and this show is where I read to you from some of the very best personal finance blogs on the planet seven days a week including holidays and I WANNA thank fund rise for their support their frequently mentioned as a recommended tool in blogs I narrate here and for good reason to fundraise enables you to instantly access high quality high-potential private market real estate projects from high rises in DC to multifamily apartments in La and each real estate project is carefully vetted and actively managed by fund rises team of Real Estate Pros. fundraise is the future future of real estate. Investing visit fundraise DOT COM slash O. F. D. that's F. U. N. D. R. I S. E. dot com slash o f t to have your first three months of fees waived for now. Let's get right to today's post as we start optimizing your life seven financial goals to set in twenty nineteen by Phil town of rule one investing dot com in order to achieve your financial goals. Else you I have to set them. Setting goals is proven to be an essential factor in finding success. And this is something that applies to all aspects of life one of the most important end of those aspects. Easier financial success whether it's to make an extra ten thousand dollars this year or start investing. Nearly everyone set some money goal every year. Every high achiever and Success Guru does this Warren Buffett Tony Robbins and my friend. Brian Tracy will all tell you that goal setting is a huge part of their success is the key to setting. Goals is to make a habit of setting them and revising them. I set new goals every year every month and every week heck I even look at my goals every day and review..

Phil town Success Guru Brian Tracy Dan I Warren Buffett La Tony Robbins F. U. N. D.
"phil town" Discussed on Optimal Finance Daily

Optimal Finance Daily

01:48 min | 1 year ago

"phil town" Discussed on Optimal Finance Daily

"Real quick we recommend listening to this. Show on spotify where you can listen to all of your favorite artists and podcasts in one place for free without a premium account. spotify has a huge huge catalog of podcasts. On every imaginable topic. Plus you can follow your favorite podcasts. So you never miss an episode. Premium users can download episodes to listen to off off lime wherever and whenever and easily share what. You're listening to with your friends on instagram. So if you haven't done so already be sure to download the spotify APP search for optimal finance finance daily on spotify or browse podcasts. In the Your Library Tab also make sure to follow me so you never miss an episode of optimal finance daily. This is optimal finance daily episode. Nine eighty five four important financial metrics to help evaluate a company by Phil town of rule. ONE INVESTING DOT COM. And I'm Dan I'm your host and this is where I read to you from some of the best blogs on personal finance and do that each and every day including weekends and holidays and we actually have five shows where we narrate blog posts to you but they all cover different topics and you can search for optimal living daily. Wherever you're hearing this show to find all five of these narration style podcasts? But for now let's get right to it as we continue optimizing your life four important financial metrics to help evaluate a company by Phil town of rule one investing DOT COM financial metrics. Are the key numbers numbers that you can focus on in financial statements. There are three financial statements the balance sheet the income statement and the cash flow that we like to look at to find important metrics the foremost important financial metrics for rule number one. We're going to look at some of the most important financial metrics.

spotify Phil town Dan I
"phil town" Discussed on Optimal Finance Daily

Optimal Finance Daily

06:53 min | 1 year ago

"phil town" Discussed on Optimal Finance Daily

"Off lime wherever and whenever and easily share what you're listening to with your friends on instagram so if you haven't done so already be sure to download the spotify APP search for optimal. <Speech_Male> at <Speech_Male> all inflation <Speech_Male> effect everything <Speech_Male> including <Speech_Male> the <Advertisement> cost of <Speech_Male> living your fifty <Speech_Male> thousand dollars is going <Speech_Male> to be sixty seven <Speech_Male> thousand dollars a year <Speech_Male> to live that same <Speech_Male> basic fifty <Speech_Male> thousand a year lifestyle <Speech_Male> even <Speech_Male> if you keep investing the <Speech_Male> money at five percent <Speech_Male> or six percent <Speech_Male> inflation continues <Speech_Male> at three percent <Speech_Male> how many <Speech_Male> years will you be able <Speech_Male> to live in retirement <Speech_Male> before you completely <Speech_Male> run out of money <Speech_Male> spending only fifty <Speech_Male> thousand dollars a <Speech_Male> year in today's dollars <Speech_Male> the answer <Speech_Male> is three years <Speech_Male> if <Speech_Male> you were to not learn <Speech_Male> how to invest <Speech_Male> you need to come up <Speech_Male> with another one <Advertisement> point <Speech_Male> three million dollars <Speech_Male> to live on for thirty <Speech_Male> years <Silence> I know you're <Advertisement> reading <Speech_Male> and thinking that can't <Speech_Male> be right <Advertisement> <Speech_Male> but it's true and <Speech_Male> that's how inflation <Speech_Male> is stealing your money <Speech_Male> <Silence> how to get compound <Speech_Male> interest <Advertisement> to work <Speech_Male> for you <Silence> if you change your <Speech_Male> six percent return <Speech_Male> to fifteen percent <Speech_Male> you're going to make <Speech_Male> a lot more money <Speech_Male> fifteen percent <Speech_Male> is in the range of <Speech_Male> a return that's doable <Speech_Male> for any investor <Speech_Male> who doesn't spend a <Speech_Male> ton of time <Advertisement> investing <Speech_Male> what happens <Speech_Male> then <Advertisement> <Speech_Male> we're going to keep all the <Speech_Male> things the <Advertisement> same but we're <Speech_Male> going to increase the <Speech_Male> rate of Ritchie turned fifteen <Speech_Male> percent <Speech_Male> at that <Advertisement> point your <Speech_Male> number becomes five <Speech_Male> hundred forty thousand <Speech_Male> and you're only short <Speech_Male> about ninety six <Speech_Male> thousand to make it all <Speech_Male> the way those thirty <Speech_Male> years of retirement <Speech_Male> going to have to <Speech_Male> learn how to make fifteen <Speech_Male> percent <Advertisement> a year <Speech_Male> or you're never going to get <Speech_Male> there <Advertisement> the beautiful <Speech_Male> thing about learning <Speech_Male> how to do <Advertisement> rule <Speech_Male> number one investing <Speech_Male> he's you can start <Speech_Male> with relatively <Speech_Male> small amounts <Advertisement> of money <Speech_Male> if you can <Speech_Male> achieve <Advertisement> fifteen percent <Speech_Male> rate of return <Speech_Male> which is <Advertisement> completely <Speech_Male> doable and save <Speech_Male> a little bit of money each <Speech_Male> year you're going <Speech_Male> to be okay <Advertisement> <Silence> I guess there is another <Speech_Male> Listen you <Speech_Male> could love your job so <Speech_Male> much you never wanNA <Speech_Male> retire but <Speech_Male> for most people <Advertisement> they <Speech_Male> work in a real nine to five <Speech_Male> job and <Speech_Male> that's not the dream <Speech_Male> they have for themselves if you're like that and you want to retire comfortably someday you gotTa make sure you're paying

instagram spotify Ritchie thousand dollars fifteen percent six percent three million dollars three percent five percent three years
"phil town" Discussed on Optimal Finance Daily

Optimal Finance Daily

01:43 min | 1 year ago

"phil town" Discussed on Optimal Finance Daily

"Real quick we recommend listening to this show on spotify where you can listen to all of your favorite artists and podcasts in one place for free without a premium account spotify has Huge catalog of podcasts on every imaginable topic plus you can follow your favorite podcasts so you never miss an episode premium users can download episodes to listen to Finance daily on spotify or browse podcasts in the Your Library Tab also make sure to follow me so you never miss an episode of Optimal Finance Daily this is optimal finance daily episode nine fifty four is inflation stealing your money the effects of inflation on your retirement by Phil town of rule one investing dot com and I'm Dan I'm your host and welcome to a weekend edition of Optimal Finance Daily where I read to you from some of the best personal finance logs on the planet and I do hope you're enjoying these news Saturday and Sunday editions even if you're only listening Monday through Friday this does give you a little bit of bonus content to make your way through during the workweek also have subscribed to our other foreign aeration podcasts we cover personal development and minimalism health business and relationships on those other four shows you can just search for optimal living daily wherever you're hearing this to find all four but for now let's get right to today's post as we optimize your life he's inflation stealing your money the effects of inflation on your retirement by Phil town of Rules one investing dot com inflation.

spotify Huge Optimal Finance Daily Phil town Dan I
"phil town" Discussed on Optimal Finance Daily

Optimal Finance Daily

05:14 min | 1 year ago

"phil town" Discussed on Optimal Finance Daily

"Whether they see themselves as completely responsible to you as the owner or if they're just giving you the report because they're obligated by law and by reading these reports you get to see if they are making an effort to explain things to you in a way that you can easily understand them. Small shareholders shareholders often assume that it's their fault that they don't understand the c._e._o. Reports however this is not always the case when you don't understand those quarterly reports it's because the management team is intentionally misleading you by using unclear language to cover up the fact that the company might be in trouble or they simply don't understand their own company enough to explain it whatever the case may be the simple truth is that the company's management team is just not interested in explaining things carefully to you in some cases you the shareholder might not really understand what the the company is all about in either case. You shouldn't start investing in something you don't understand because at that point you're just gambling. Investing is not gambling so as an investor. How do you know which companies to stay away from out. Do you know if the c._e._o. Has talent integrity and your best interest at heart here are six signs of a bad c._e._o. Oh who does not have your best interests in mind avoid companies with this type of c._e._o. Running them won their paychecks. Go up with the size of the company's assets. The i signed to look for is if their paychecks go up with the size of the company's assets if the c._e._o. Goes out and acquires a bunch of companies to increase value so they can pay themselves some more. All while equity and return on investment capital are going down and debt is increasing. You've got yourself a bad ceo. Warren buffet for example is one of the lowest paid c._e._o.'s c._e._o.'s among american companies according to an article from yahoo finance to they have very little invested in the company stock if a c._e._o. Has very little of their personal net worth invested in company stock. That's a bad c._e._o. When a c._e._o. Is earning four or five million dollars per year but they're not putting their own money in the company. That is a big warning warning sign. This means they do not have a stake in the company or the trust that it will do well. A good ceo has most of his net worth in the company. He's running three. They the ad size but not return one of the biggest red flags is their acquisitions adding size but reducing return on equity. This one is a bit tricky to spot not although it may look like the company is getting bigger because of the c._e._o.'s efforts the truth is they're not adding anything of real value to the company instead. They might be adding a lot of debt. This is because most c._e._o.'s nowadays are paid in assets the more assets they have the bigger their paycheck would be because of this only adding to the size of the company could make equity go down. If you see this you should question the c._e._o.'s goal. They are telling you they are on your side but their actions indicate that they are trying to build their own empire on your money for they sell corporate stock and tell you it's undervalued a bad ceo sales corporate stock and says the stock is quote undervalued valued. Let's say the c._e._o. Got a secondary offering and sells the stock at seventy five cents a share but the stock is originally worth a dollar. That's criminal. C._e._o.'s cannot not squander what shareholders own by selling three quarters of what it is worth if they're willing to do that. The ceos are getting rid of shareholders net worth at a discount. This is not a c._e._o. C._e._o. With integrity five their shareholder letter sounds like a sales pitch next pay attention to the c. e. O.'s shareholder letter sounding more like a pitch. He's basically writing you letters without telling you what's really going on with his company. Warren buffett said if his c._e._o. Is willing to mislead others and public. Eve is very likely that he's misleading himself in private in other words the c._e._o. Is a liar a good c._e._o. Tells it like it is a good ceo writes a letter every year that tells you enough about the company. He tells you the facts about the business so you can judge. It's appropriate value for yourself six the c._e._o. Focuses on ebitda as if it were free cashflow the last sign is to look for the c._e._o. Focusing on earnings before interest tax depreciation amortization as if it were free cash flow if a c._e._o. Tells you in their quarterly report that paying interest and taxes and the actual depreciation of the assets don't have a material impact on the value of the business. Nothing could be further from the truth. All of those things have a critical impact on the value of the business when the c._e._o. Excludes them. They are artificially giving you a high valuation of the business on purpose because they lack integrity. They are just trying to bolster their own ego and options a good c._e._o. Focuses on the free cash flow in the business not only ebitda. If you see any of these red flags when researching ceos of businesses you want to invest in they are not worth your time and it's best to move onto the next business. Here's the bottom line no the company you're investing in and know who's running it. Have you ever been burned by a c._e._o. Who's just flat out lying to shareholders about the state date of accompany before we all have to make sure that we understand the company as if we were the c._e._o. When you do that you'll give the actual c._e._o. No excuses if they're being dishonest dishonest with your money you just listened to the post titled watch out for these six red flags of.

ceo Warren buffet c._e._o. yahoo Eve C._e._o. O. five million dollars three quarters
"phil town" Discussed on Optimal Finance Daily

Optimal Finance Daily

01:35 min | 1 year ago

"phil town" Discussed on Optimal Finance Daily

"This is optimal finance daily episode eight ninety seven watch out for these six red flags of a bad c._e._o. When investing in a stock by phil town town of rule one investing dot com and i'm dan i'm your host welcome to optimal financed daily where i read to you from some of the very best personal finance blogs on the planet and before we get to today's post i wanna thank fundraise for their support. Fund rise enables you to instantly access high quality high potential private market real estate projects. It's from high rises in d._c. To multifamily apartments in l._a. And each real estate project is carefully vetted and actively managed by fund rises team realestate pros. Fundraise is the future of real estate investing visit fundraise dot com slash f._d. That's f. u. N. d. r. i s. e. Dot com slash oh f._d._a. Not to have your first three months of fees waived for now. Let's get right to the post. As we start optimizing your life <music> watch out for these six red flags of a bad c._e._o. Win investing in a stock by phil town of rule one investing dot com when you start investing in a company. It's important that you take a good look at the people who run it. You have to make sure that their management team has talent and integrity otherwise though run the company into the ground and you'll be in danger of losing your money. You get a sense whether the management team has integrity or not by reading the c._e._o. Letters or by looking at their report to you the shareholder and how they answer the questions at the quarterly or annual report you can feel whether.

phil town d._c l._a f. u. N. d. three months
"phil town" Discussed on Optimal Finance Daily

Optimal Finance Daily

05:57 min | 1 year ago

"phil town" Discussed on Optimal Finance Daily

"This is optimal finance daily episode eight fifty. Can you actually time the stock market by Phil town of rule one investing dot com, and I am, Dan? I'm your host here on the show. This is where I read to you from some of the best personal finance blogs on the planet, and we've got a brand new author to the show for today's post Phil town is a popular investor podcast. Motivational speaker and he's the author of two books on financial investment that were New York Times, bestsellers, you can check out rule one investing dot com for a lot of info, and we'll be sharing some of his resources in our newsletter to and with that, let's hear I post from fills site as we optimize your life style. Can you actually time the stock market by Phil town of rule one investing dot com? Market timing, or being able to time the stock market predicting when it is going to crash, and investing accordingly is the holy grail of investing. Investing Nevada having a crystal ball to predict the market is every investors dream, no matter what some analysts may tell you timing. The market in this fashion is an impossible goal however instead of predicting a crash. There are different ways to time the market that are entirely doable and can end up being just as valuable the best way to time the stock market the perception of market. Timing is often. Misconstrued, many investors consider timing the market to be predicting when a crash will take place and selling before it does. However, stock market crashes are all but impossible to predict even for the most informed investors instead of trying to time the market by selling before a crash, it's much more beneficial to time the market by buying after one when I got out of the market in two thousand seven it still went up and other ten percent before it crashed. I knew I couldn't. Time the market. But I knew it was time to get out stock market crashes present an excellent opportunity to buy valuable companies at discount prices. After a crash is one of the best times to buy companies that you have targeted as great investments at a price point that leaves plenty of room for big returns timing, the market in this manner predicting gains after a crash rather than predicting the crash itself is the most effective way to time the market, of course, you'll need to invest in companies that can survive the crash as not all companies can following a crash. You want to choose established companies that have a moat something that keeps competitors from carving away. A large portion of their market, share. You'll also want to be sure and by companies that you believe in companies that align with your values, and companies that you have reason to believe will survive, the crash does Warren Buffett time the market, like most great investors, Warren Buffett times the market by buying after a crash rather than trying to sell before one after a crash buffet says that the priority is to find cheap individual companies with saw. Good fundamentals, rather than investing in the market as a whole timing, the market based on the value of individual companies rather than the direction of the overall market timing, individual companies allows you to take advantage of discounts, on companies that will in all likelihood only be affected by a crash for a short period of time. Once the effects of the crash, wear off, great companies will still be going strong, and in most cases, their price will return to its pre crash level in a matter of months, don't sell during small crashes buffet, also warned not to sell during small crashes and instead to weather, the storm by focusing on the long term, if the companies you own are successful established companies, they too are likely to return to their pre crash price before long making holding onto them. The wisest decision trying to play the guessing game about when to sell them before or after a crash will almost always only lead to headaches and lost opportunities. There's a video in this post showing the difference between a market crash and the correction when to sell. Timing. The market by buying stocks after a crash is great for knowing when to buy a stock. But what about knowing when to sell it after all, even the most long term investors must sell their stocks, eventually, if they want to lock in their returns while it's best to buy stocks with the intention of holding onto them as long as possible. There are a few times, you're better off selling if greed has driven the price of a stock up above its true value. You're better off selling in the same way that undervalued stocks almost always eventually reached their true value overvalued stocks almost always drop down to their true value as well. It's important to keep in mind, though, the difference between price and value the price of a stock may fluctuate rapidly, but its value is typically inherent and unchanging unless a major change within the company itself takes place. If there is no major change to the story of a company and its price is still at or below its value. Hold onto it for as long as you can no matter what the market, does throughout all of this. It's important to keep in mind that. When determining whether to sell a stock that you are evaluating time the individual company rather than the overall market. No one can predict with certainty the future of the market. But with the right investment know how you can predict the future of an individual company, allowing you to know when it's time to sell. You just listened to the post titled? Can you actually time the stock market by Phil town of rule one investing dot com and for more from Phil checkout that site rule one investing dot com. He also has a podcast with his daughter, some great books, and more will also share some of his resources in our weekly newsletter, which if you're not a part of now's a good time to join because we have a book giveaway, where somebody random on that list is going to get a book tonight at midnight. So to join for free just come by old podcast dot com. That's well, d podcast dot com and that's going to do it for today. And for the week here at optimal, finance daily, thank you so much for being here have a great weekend, and I'll see you back here on Monday where your optimal life awaits.

Phil town Warren Buffett New York Times Nevada Dan ten percent
"phil town" Discussed on The Mindvalley Podcast with Vishen Lakhiani

The Mindvalley Podcast with Vishen Lakhiani

03:21 min | 1 year ago

"phil town" Discussed on The Mindvalley Podcast with Vishen Lakhiani

"Your way of changing the world improving the world other people and cook went on to say, I wish somebody would have hit me on the head with that message earlier Steve Jobs hit me on the head with it. It took a little while to learn and I loved that he speaks passionately about jobs what human than about serving the world. So thank you for saying that because I think one of the problems that we have facing the well right now is not enough companies with the intention to do good. And I think as we as a species are waking up to this. We are starting to put up money in companies that hit us right where the hottest right like tesla. And look the cult of Ilan because he's constantly. Talking about doing good for humanity. And you look at what's happened with Facebook recently, there was a string of resignations from Facebook from sample. The guys who created what's up and then sold it to Facebook. They just resigned from Facebook one gap eight hundred million in Cher options because they didn't agree with what Facebook was doing in regards to privacy, and this has caused me to question by should keeping my Facebook shows. Right. I love that. That's exactly how you should be thinking as an investor if you're just putting your money in the market somebody else's making those calls for you, and your abdicating your responsibility as a citizen of the world to make good boats here, and I learned this just like Tim dead. I learned some of this at least from Steve Jobs when I was working closely with him I'd funded a little software company that turned out to be a big deal. I don't know if you recall, but he built a computer after apple booted him out. He built a computer called next, which is now the operating system for MacIntosh. Right. Apple uses it. And I. I put money into a software company that was building software for document management on the next computer, and it became so popular that Steve asked me to come in and give him a demonstration of the software because all of the engineers, didn't speak English that well, and so they said would you please go and demonstrate this thing for us. So I started the demo and Steve grab the mouse from me and said, let me see that and wiggled some windows around and then got up and ran out into the hall to Todd rule on Miller who's the VP of sales and said if you ever let that SOB back in my office again, I will kill you personally. And then went upstairs and Todd walked into the room and said what just happened? I looked at Todd, and I went I have no idea he just grabbed the window, and he started moving, and then he started yelling at me and Tutsi. Well, don't leave town. I'll go find out an all call you. So I got a hotel and that night Todd called me and said, well Steve was very upset because he figured out that the demo that you were doing. Thing was not connected actually to the database, and therefore it looked to him like it was vaporware and the company has sold over seventy five million dollars of computers to the Los Angeles sheriff's department and DARPA in northern states power and all these huge companies all based on that software. And if it's favor where he's going to be embarrassed publicly, but he's called the company and talk to the head developers names, pay Wang, and she assured him that it was just because of the development structure, and because you're an idiot, and they didn't wanna give you any real software to us talking to me. Figured I would break it, which is probably true. And so said Steve wants to see you in the morning..

Steve Jobs Facebook Todd apple Ilan DARPA Los Angeles Tim Wang VP of sales Miller seventy five million dollars
"phil town" Discussed on The Mindvalley Podcast with Vishen Lakhiani

The Mindvalley Podcast with Vishen Lakhiani

03:14 min | 1 year ago

"phil town" Discussed on The Mindvalley Podcast with Vishen Lakhiani

"So if I look out there and say, okay, what's apples owner earnings on that number is available to me. It's not hard to find. I look at that. I multiply and assume that it's like, okay. Let's make sure we have a good confidence that that'll be at least that bigger bigger in ten years. Then I'm gonna do ten times that number, and that's what I wanna pay for apple and that comes out actually roughly right now, depending on what number you put in it about one hundred to one hundred forty dollars a share in that range, right? There's a range to it. Depending on what you guessed the future will be. So if you feel very conservative. Maybe you buy it at one hundred Sherry feeling pretty aggressive. You buy it. It hundred forty and we can be pretty confident our method here since Warren Buffett started buying it at one hundred and continued buying it. Right up to one hundred sixty and now it's trading one hundred and forty hundred and fifty dollars a share right now down from two thirty. We sold it at two seven about two months ago. And now we're looking to buy it back cheap. I see. Okay. That's really fascinating. Now. How would we figure out the owner runnings or a stock like apple using a simple to like Google like what do we put in you real Google apple investor relations because apple hides, its financial statements like many companies do that are retail companies. They don't put it on the retail website. So you go apple investor relations and what comes up on Google. We'll give you a link to wear those numbers are and those financial statements are part of learning how to be an investor and so on the financial. Statement surely wouldn't say owner earnings what would be that number that we are gonna search that translates to owner earnings there, three statements in a financial statement. The first one is the income statement that tells you the revenue and the earnings the second one is the balance sheet that tells you what the assets and liabilities are and your net worth. And the third one is called a cashflow statement. And this is where we live a lot. And we'll look at the cash flow statements and the cash flow statement, essentially is saying what actual cash do we have going through the company here? So we take the net earnings of the company, which is the top line of the cash flow statement, and we subtract some of the numbers in the cash flow statement from that line that's a little bit complex to get into that right here. So I'm going to give you kind of the bottom line on this. We subtract those numbers. And then we add back in the taxation got paid because we want owner earnings pre-tax. And then we subtract maintenance, which is a little bit hard to find. So I'm going to give you guys a shortcut. You're going to simply go to the line that says operating cash flow. It's one of the three bold lines on a cash flow statement. It's the summary of all of the cash coming through operations for apple you, go to that line. And then about two lines down at says purchase of property and equipment, which is all of the money. Apple spends on growing, the company they're going out and buying computers and trucks and buildings. That's called capital expenditures in its purchase of property equipment, subtract that from operating cash flow, and what you have is a much easier number to find called free cash flow. So you could take Apple's free cash flow multiplied by ten and if you.

apple Google Warren Buffett Sherry one hundred forty dollars fifty dollars two months ten years
"phil town" Discussed on The Mindvalley Podcast with Vishen Lakhiani

The Mindvalley Podcast with Vishen Lakhiani

03:41 min | 1 year ago

"phil town" Discussed on The Mindvalley Podcast with Vishen Lakhiani

"You might be looking back at thirty years of drudgery as well. So I don't really fall into the drudgery campfire, I've never been good at that. And that's why as a river guide. I decide I am going to learn how to do this. I'm going to learn how to invest because I just couldn't see myself cranking away eight hours a day at some job for somebody and saving every penny. Just wasn't me. You know, what happened you wo- ribbon? And what did you do how you educate yourself inmate string of correct decisions looking back. It took a little bit of good karma. Tell you that. I nearly drowned a guy on the Grand Canyon in one thousand nine hundred eighty and he thought I saved his life as a result. He took me under his wing and said, look, I'm very good investor. Started with nothing, and I've made millions of dollars, and I'll make you my apprentice, if you want to learn, and it was just sort of that time, you know, we're I dunno Dharma Klay or something. I was ready to make a change. It just felt like I was done being a river guide after ten years. And this guy came out of nowhere. And one thing I've been fairly good at is. I've walked through the doors when they open, right? I sorta starting to feel like I'm in this windowless room, and I'm starting to get squeezed, and I don't know which my life should go. And then this door opens which was completely out of the blue and nothing to do with anything. I'd ever thought about in my life, and I decided okay, I'll walk through that door. And I ended up apprentice into this guy for a year, and I learned this style of investing that I continue to do now. And it's made me wealthy, and we teach it, and it's very simple. It comes straight from Warren buffet and Charlie Munger, and it's very very effective. But you have to learn it. It's not something you can just sort of piddle around with you have to actually learn it. And I like what Charlie says about it. He says, it's extreme. Family simple to do this kind of investing. And it really isn't. So what I learned in that year of being an apprentice was that I had to focus on businesses shouldn't think of them as stocks, right? I should think of them as businesses, and it didn't matter whether they were real estate businesses or franchises or laundromat downtown or business. I was gonna start on my own or buying a piece of somebody's company private or public. They were all just businesses. So looking at it as businesses, and then separating out just those ones I can understand which in nineteen eighty that eliminated most everything, and I focused down on just a handful of companies that I thought I could understand at that time. I felt I could understand Harley Davidsons pretty well. Because I was riding a Harley, and the first thing is that Charlie says, you gotta be capable of understanding the business that you're about to own a piece of our all of so that's pretty basic eliminate everything else. Then the second thing is make sure that business. Is a business that has some kind of way of protecting itself from competition that business that has what we call a moat, which is essentially the water around a castle. Right. And it's some sort of intrinsic competitive advantage. For example, if you are a railroad your competitive advantage that's built into the company is that you have railroad tracks, and it's really hard for anybody else to get railroad tracks. So if you're an airline, you have the landing space where you can come up to a terminal, and that's really hard to get. So you have to have a business. That's unique in the sense that it has some kind of protective advantage try to recap this. That's really wonderful advice. So in my case, I'm an opera. Boy, I love my MAC. I love my iphone an apple loyalist every book on apple. So clearly understand atlas a company so that would pass the a business I understand test. Secondly, I would look at apple and I would see do they have a moat and an apples case. Hell, yes. They have a moat..

Charlie Munger apple Harley Davidsons Grand Canyon Warren buffet thirty years eight hours ten years