Profile of Success: Phil Town

Can Getting Rich As An Investor Really Be Simple?

Phil Town is one of those great oddball stories, including a true-life version of the “stranger reveals amazing secret” story (‘Blackie’ story) that is classically used in advertising, and familiar to readers of this newsletter who are students of direct marketing.

Phil was a river-rafting guide, who saved a wealthy investor from the rapids in 1980. The rescued investor, ‘Wolf’, took Phil under his wing and taught him how to de-mystify stock market investing to such a degree that the “plan” has only four steps, and anybody with basic math skills, common sense, and a ‘feel’ for what is a fundamentally good business can use.

Entrepreneurs and small business owners will like Phil and his approach. Phil Town started out by turning just $1,000.00 into One Million Dollars in 5 years. Now he says you can do it faster and bigger by doing research online.

Not to discourage you from reading the book, hopefully to encourage you to read Phil’s book, here’s The Plan:

Step 1: Find a wonderful business/company
Step 2: Figure out what it is really worth (thus predicting future value)
Step 3: Buy it at 50% off (find under-valued but not highly speculative stocks)
Step 4: Repeat Steps 1, 2 and 3 until very rich

The book is: Rule#1: The Simple Plan For Getting Rich – In Only 15 Minutes A Week.