This three-time New York Times best-selling author didn’t take the traditional route to the top of the stock market. In fact, Phil Town actually started his humble career as a portfolio manager and value-investing master as a Grand Canyon tour guide looking to escape the cold autumn nights inside his teepee in Flagstaff.

Phil definitely became a force to be reconned with, and fast. In five years flat, following four simple rules, he turned $1,000 into a cool $1.5 million.

From intern to author, and on to speaker, Phil spent the last decade teaching others the exact principles he uses so they can build their own wealth. While his first speaking gig may have landed his wife in jail, Phil, his wife and his team have come a long way since, teaching over 15,000 students at live events every year.

Listen in as Joe and Matt learn how to move past the “head trash” many people face when they start the process of investing in the market. And, if this episode got you jazzed and ready to tackle the market, be sure to check out this day-trading episode with Jason Rotman, and Joe’s post about automated investing to build savings and wealth.

I’m only a little bit rich, but I’m comfortable, and I get to play polo a lot, you know?” - Phil Town

Some Topics We Discussed Include:

Gimmie 4 steps gimmie 4 steps misters…
Why modern portfolio theory is really just a crap shoot
Volatility and fear...It’s everywhere you want to be for growing wealth
Devote one-tenth of your time to doing this and skyrocket your money at fiber-optic speed
Scouting, haggling, managing...Oh my! Why this wealth building vehicle may turn you off
Start the process of building your wealth by answering this one simple question
A big clue that you’re “onto” a company with a competitive advantage
Why “what you find good in the world” matters to building your portfolio
How does Joe really feel about kale?
Where is this amusement park of food again? And, do they have roller coasters?
What the “C” in CEO should really mean and why it matters
Phil’s take on who should come first in the employment line
Mercenary or martyr...Harvard U, are you listening?
TGFG, and why it should be your new mantra before investing with any company
Follow this style of investing and you can take your cues from Discovery Channel wildlife documentaries
Do this, against “modern portfolio theory” advice and win
What Matt really wants to “not know”
“This is stupid and I don’t want to do it,” translates to this one thing
The simplest way to make the world your “oyster”
How investing can contribute to your spiritual enlightenment
Panama Red, Mexico Green...Maybe being a Grand Canyon tour guide did come with a little bonus education

Contact Phil Town:

References and Links Mentioned:

Invested by Danielle Town & Phil Town
Phil’s website Rule One Investing
Phil’s 3-Day Transformational Investing Workshop
Fast Company
Inc. Magazine
Investing Between the Lines by L.J. Rittenhouse
The InvestED podcast
James Altucher newsletters
The Education of a Value Investor by Guy Spier
The Dhando Investor by Mohnish Pabrai
Hustle & Flowchart Masterclass #71 with Jason Rotman
Automated Investing and how to Grow Your Savings and Wealth by Joe Fier
Ready to break free from the entrepreneurial rat race but not sure how to best invest your time to do it? See what's in our portfolio that might help you.

RealClearPolitics Podcast

Funding Ukraine, Biden's Impeachment Inquiry and Latest Polls

Remember Everything You Learn from Podcasts