Jim Interviews Phil Town

February 28, 2006

If you have been reading personal finance or investing blogs for a while, you have probably heard of Phil Town, the author of “Rule #1”. My MoneyBlogNetwork buddy, Jim, has posted an interview with Phil. One thing that bugs me about this interview is how Phil skirts around the question:

What did you actually invest in to get from $1,000 to $1,000,000 in five years?”

I think this is a fair question since Phil mentions it on his blog. The math is staggering. In order to go from $1,000 to $1,000,000 in five years, you would have to average over 298% return per year! Possible? Yes. Likely? No.

To be fair, I have not read the book. And, there are things about Phil’s philosophy that I do like. I just wish he would answer the question.

5 responses to Jim Interviews Phil Town

  1. Will you be reviewing the book in the future?

  2. FMF,

    Doubtful. I didn’t recieve a preview copy and I also have a lot on my plate right now. How about you?

  3. I didn’t see this as skirting the question, really. But yeah, that said I think this is addressed in the intro to his book.

  4. Why does it smell like Kyosaki or some other monstrously leveraged real-estate high-wire act? Not that many don’t make this sort of thing work, but I’d love to hear about investments that make you rich doing something other than peddling your get-rich-quick book :)

    I guess I’m more of a boring “millionaire next door” fan…

  5. Well, mutual funds aren’t making any of us rich, so why not try someone else’s take?