Phil Town Net Worth and Details of How He Made His Money
Following his graduation from Newport High School, Phil moved on to achieve a Bachelor of Arts degree in Philosophy from the University of California, San Diego. Subsequently, he took on odd jobs which included pumping gas and digging ditches.
He later joined the United States Army and served as a Green Beret during the Vietnam War. After spending almost four years in the Army, Town returned to Colorado and started working as a river guide on the Grand Canyon. He began boating in 1972 and spent 10 years working as a river guide, during which he pocketed an annual salary of $4000, working seven months a year.
His life turned for the better in 1980 when he came in contact with the trustees of the educational program, Outward Bound. While guiding them across the Colorado River, he made a split-second decision that saved the boat from capsizing. Consequently, a wealthy investor among the trustees introduced Town to financial investment using rule #1 set by eminent investor and author, Warren Buffet, which reads: “Don’t Lose Money”.
The rule helped Phil Town turn $1000 the Outward Bound trustee loaned him into $1 million in five years. As a result, he embarked on a mission to teach the investing principles to others, explaining how he became a millionaire from investing $1000.
