Payback Time Audiobook By Phil Town cover art

Payback Time

Making Big Money Is the Best Revenge!

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Payback Time

By: Phil Town
Narrated by: Marc Cashman
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About this listen

Don’t get mad, get even… Phil Town’s first book, the #1 New York Times bestseller Rule #1, was a guide to stock trading for people who believe they lack the knowledge to trade. But because many people aren’t ready to go from mutual funds directly into trading without understanding investing—for the long term – he created Payback Time.

Too often, people see long-term investing as “mutual fund contributing” – otherwise known as “long-term hoping.” But the sad truth is that mutual fund investors are, to a stunning degree, pinning their hopes on an institution that is hopeless. It turns out that only 4% of fund managers consistently beat the S&P 500 index over the long term, which means that 96% of fund investors see a smaller return on their nest egg than a chimpanzee who simply buys stocks in the 500 biggest companies in America and watches what happens.

But it’s worse than that. The net effect of hitching your wagon to mutual funds is that over a lifetime they’ll fritter away as much 60% of your nest egg in fees. Once you understand how funds engineer this, you’ll rush to invest on your own.

Payback Time’s risk-free approach is called “stockpiling” and it’s how billionaires get rich in bad markets. It’s a set of rules for investing (not trading but investing) in the right businesses at the right time -- rules that will ensure you make the big money.

©2010 Phil Town (P)2010 Random House
Investing & Trading Personal Finance
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Critic reviews

“Finally, an investment book that’s easy to understand and actually works in the real world. PAYBACK TIME will make a lot of people very, very rich!” --T. Harv Eker, author of the New York Times #1 bestseller, SECRETS OF THE MILLIONAIRE MIND

“There's never been a better time then now to start over and finish rich! Recessions make millionaires and Phil Town's strategy for stockpiling wealth in the stock market is a fantastic vehicle for achieving that goal. You'll realize when you read this that it’s still possible to recapture your dreams of a richer, better future.” --David Bach, #1 New York Times bestselling author of START OVER, FINISH RICH and THE AUTOMATIC MILLIONAIRE

“Masterful in its insights...brilliant in its simplicity and practicality! With uncompromising clarity, Phil Town exposes the truth about how poorly mutual fund managers perform, then proceeds to teach a very precise methodology for finding, evaluating, and investing in valuable businesses. PAYBACK TIME is a must read for everyone who's ready to take complete control of their financial freedom, and wants to do so with confidence, safety, and sound investment principles.” --Tony Martinez, Founding Partner, Wealth Without Risk, LLC

What listeners say about Payback Time

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Follow up success.

Great book, it has taught me how to do the math to pick good Companies to invest in.

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Great book

Loved it. A book that is simple to understand and makes a lot of sense.

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Loved the book

Where does Payback Time rank among all the audiobooks you’ve listened to so far?

Both Payback Time and Rule 1 where really good. The narrator is enthusiastic which makes me interested. He also gives a step by step approach which is easy to understand.

What other book might you compare Payback Time to and why?

Rich Dad series... because it is simple to understand

What about Marc Cashman’s performance did you like?

he was enthusiastic

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this book has helped my investment

this book has helped my investment strategy so far in real investments. I recommend this book to anyone starting their investing journey.

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2 people found this helpful

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Amazing

I will become a RULER! Phil is a master teacher and I cannot wait for his workshop!

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Great book

Lots of info in this step by step guide to a investing strategy that sounds reasonable. Narrater is horrible he sound like the weather warning guy very monotone.

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Great Addition to the First Book

I loved Rule #1, but as a beginner it took me a while to connect all the dots. Payback Time was the perfect follow-up to help me solidify the old concepts and add some new ones as well. PBT also translated a little better into audible format, I felt.
Both are MUST READS

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must have

if you like rule #1, then you must buy this book
the idea stockpile makes you feel much better when in down market because you can build your portfolio in a much lower price

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Narrator is fine at 2x

Content is great, although a bit dated. The narrator is fine if you run at 1.5x or 2x speed

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Very good pointers

Overall the book is a great book, no doubt! Once you invest your time and follow the actionable pointers you could do well in any market.

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