4 Easy Ways to Save Money to Invest | Phil Town

You must first control your spending and this can be done through a budget. Spontaneous spending is your enemy and must control. The richest man in Babylon is a great book you must read, and law number one is pay yourself 10% to save. richest man in Babylon check here: https://www.youtube.com/watch?v=KVQqzEKKD2Q

My biggest challenge to saving money is that I am self employed chiropractor that depends upon patients and insurance companies to pay me. There are times I never know when I will get paid because today's culture will pay for luxuries rather than medical/chiropractic bills. Today's insurance companies pay what they think is usual and customary. If a patient is involved in an accident, an attorney will ask me to cut my fees (I don't!) So with having a variable income, it's difficult to save money. I feel as though I have to hoard it for those dry spells.

Hello and thank you for sharing

My question is as a beginner how do I choose my investing platform?

There's so much choices there that I know you have to compare the spreads and everything but there might be something else I am missing

I am saving up right now because I have the intention to invest in a particular company but still cannot find the right broker

And something shares are too complicated there's different types of shares

Well I'm doing what you're saying that I started saving money I open my broker's account I put $1,000 and I have a few Investments that I already made but I'm saving to put more money in because pretty soon we're going into a correction if I understand that's what I'm feeling that you're saying so if I'm right thank you

It was Babylon, phill ?

biggest challenge when saving money has got to be food lol

is it worth it?

Have 1k each month going to MMA savings account or investments.

Compounding. Means I would have 720K in My portfolio bij 2048. Hihi

Hi Phil. It's confusing to me how you say to invest in individual stocks, mainly because if I'm investing every month, the stocks are obviously not going to be on sale every month. Are you suggesting investing continuously in something monthly "other than individual stocks", and then waiting to buy the individual stocks only when they go on sale? If you say not to pick more than 10 individual stocks, and they don't go on sale for years until there's a crash, what do I invest in all the other months? Sorry, but It's confusing!!! I love your videos.

hey phil I am 18 from lebanon in middle east I just wonder how to apply all your methods and advice in a difficult country

Question?
What’s the average rate of return on stock market?

"What's your biggest challenge when it comes to saving money?"

My wife!… heh heh… Totally kidding…. kinda…
😉

Please show me the video of how you lived on $4,000 a year. Lol I'm starting to cut back on unnecessary expenses as well trying to keep up with the latest trends and with my friends will perpetually drive me broke

Thank you for sharing this precious video. I need your personal help. I am now 45 years old man who have messed up most of my life working to make people rich (employers). Two years ago I read the richest man of Babylon by "Georges Classon" and win to pay myself first and save up to 5000$. But I need your advice how to start investing?

how to now the rea value of a company to be able to spot when it's on sale!

Yup, The Richest Man in Babylon. A great tool to use about saving.

Thanks for the valuable short video Phil!
I've been following you and your podcast since it started for about a year and a half now. I really want to get into your online Rule #1 course for a while now but my greatest challenge is controlling my expenses to have the money to get into the course. I started keeping track of my expenses for about 3 months now and I've got to say it's not easy to keep track of all my expenses and spending. I've already participated in 14-day challenge and have been keeping up with as much as possible. Alongside your podcast, I'm listening to The Investors Podcast as well to increase my knowledge base to keep my risks down.

Hey Phil, I'm a 16 year old from the UK, I am extremely interested on learning how to become a successful entrepreneur. I want to get as much experience as I can so when I am older I will not have as much difficulties and mistakes, I have around £700 I want to invest right now with? Any Ideas? Thanks

well getting 25% is a but too optimistic … if u make it 12% its credit in itself

Thanks for the video. Do you think people should primarily invest in stocks? I'm 25 and it seems like land would be the smartest thing for me to invest in down the road. However, I have been looking at corporate bonds since that seems fairly safe if you can get a decent return rate. I'm not too sure where to focus putting money into, but I'll check out the links you gave in the comment section earlier.

great video

Thanks or the great video! My biggest challenge when it comes to saving money is setting an end goal, if I can't visualize what the money is going towards I struggle to keep steady savings and end up splurging on things I don't really need

You are preaching to the choir! People I can tell you how satisfying it is to reach that ultimate goal/promise that Phil is talking about. It really works try it what the hell do you have to loose?

On the video you said that we can get our return about 26% on our investment? Would you show us step by step how to achieve  that. Thank you

Who do you recommend opening an account with to start saving? Etrade, Scott, Fidelity etc etc????