Rule #1 Finance Blog
With Investor Phil Town
“Pssst. Hey, buddy. Wanna buy an NFT of Jack Dorsey’s first tweet? Special deal. Some moron paid $2.9 million for this, but my guy got it from him super cheap. For you? $280 bucks.”
Before you jump at the deal, you might want to look a little closer at what you’re getting. And that, of course, is the catch for any NFT.
For the past few decades, we’ve experienced an average rate of inflation between 2% and 3%.
But then, something happened. A global pandemic shut down the world’s economy and created major supply shortages. Governments responded around the world with unprecedented money printing by central banks.
Market capitalization, also commonly referred to as “market cap,” is a common term thrown around by investors that many people think to be complex, but it’s extremely important.
Much of the Western world already operates in a nearly cashless society.
Credit cards are accepted almost everywhere, people are using tap and pay more and more, and payment apps like Venmo and Paypal are a part of most people’s wallets.
Saving and investing are both methods for setting money aside to shape the financial future you want.
While both play critical roles in helping you build your long-term wealth, it’s important to recognize the differences between saving vs investing so you can determine when it’s best to save and when it’s best to invest.
The increasingly steep food prices, gas prices, and commodity prices we’ve been seeing mean we’re living in a time where high inflation is significantly impacting the US economy.
We see its effects reflected in the price of goods, but what are the drivers that are responsible for high inflation? And why is inflation in the US at the highest level it’s been in years?
Nothing in life is ever linear.
We experience ups and downs, highs and lows, successes and failures. But, each one of these seasons serves a purpose and it teaches us lessons that we can carry with us into the next chapter of our story.
Having a passive income can be a real game changer, but first, let’s talk about money. Believe it or not, the money you make today doesn’t only affect your future. It can also have an impact on the lives of your children, your grandkids, their grandkids…you get the picture.