Wise Money Tools

Hey guys…. Welcome.. So, the other day, my partners and I were talking to an advisor who worked for a big firm. It was a big firm, been around for well over a century, and this advisor was really interested in doing the right thing for his clients. He had found us on this Wise Money Tools YouTube channel and wanted to learn more. What was interesting is this advisor had been in the business for ov...

Hi everyone….. Seems a day hasn't gone by this path month where someone doesn't ask me, think its a good time to buy into the stock market now? I mean a market that dropped 30% seems like it's a good bargain, right? Well….let's do a little homework on that and see what you think.   I like to start with a couple of indicators. I've shown these before in previus vidos cause they do a good job of loo...

Hi everyone, this is Dan Thompson with wise money tools video. Thanks for joining me today. If you recall in our last video, we were talking about another video out there called the index card. It was done by PBS or something like that. Basically it was an index card with a list of 10 items that basically everything you need to know to have financial success or to create a financial plan that woul...

Hi everyone, this is Dan Thompson with wise money tools. Welcome to our video slash podcast today. You know, I always like to look around and see what's going on out there in YouTube land. And I saw kind of an interesting video. It was a I believe it was a PBS special on what is called the index card method. And what it did is essentially was all the financial advice you'll ever need on 1 index ca...

Hi everyone, this is Dan Thompson. Welcome to another wise money tools video. Glad you could join me today. You know, in the last video, we were talking about some comments on a post put on Facebook. And the advice or non advice that was given after that. And just as I finished up those videos, I started reading through it again and there were some more comments. And I just thought, Man, I've real...

Hey everyone, Dan Thompson with wise money tools. Glad you could join me this week, we're gonna continue our conversation where we left off with this Facebook post. Because this has been really interesting to see all the comments that came after this one little post. Okay, so the next comment was kind of interesting. This guy said, I do use a financial advisor. And I can tell you why and the risk....

Well! Hi everyone, this is Dan Thompson. Welcome to another wise money tools video. So we've been right in the thick of this virus, this Coronavirus scare over the last few weeks. And boy has this market taken quite a tumble on February 20th, literally just a month from today. So today's March 20th. So a month ago, the Dow kind of peaked out it was 29,000 and some change 29,300. And then just fast...

Well! Hi everyone, and welcome to another wise money tools video. This is Dan Thompson, glad you could join me this week. You know, an interesting thing happened on Facebook just a couple of days ago, I saw a post from I guess you consider this like a second generation person. Anyway, this is what he posted. He said, for those of you who have stocks and bonds, do you use an investment advisor or d...

Hi everyone, this is Dan Thompson and welcome to another wise money tools video. So I read this interesting article the other day about the economy, said in the 2010s, the national unemployment rate dropped from a high of 9.9% to its current rate of just 3.5%. And then it said the economy expanded each and every year in that decade. America's confidence in the economy hit its highest point since 2...

Well! Hi everyone, this is Dan Thompson with another wise money tools video. Glad you could join me today. So have we seen a crazy market or what? This thing started back on? What February 24. We saw over 1000 point drop just in one day. I mean, it was 28,000- 29,000 dropped all the way down to 24,600. Then a couple days ago, I think it was on Monday it climbed back up to 26 nine, and then today w...

Hi everyone, Dan Thompson here. Thanks for joining me on another wise money tools video. Today I want to talk about college tuition and retirement and how they can kind of battle against each other. Not a lot of families out there have the capacity to fully fund college and fully fund their retirement and something typically has to give. So I went and did a little bit of research, if you will, and...

Hey everyone, Dan Thompson here with another wise money tools video. You know, last week I talked about the Golden Goose and how important that was to start saving your eggs. And we alluded to the fact how important it is that those eggs have time. Time to mature, to hatch to become other geese and then build even more eggs from there. So one thing that we all need, and we all run out of, and that...

Hi everyone, Dan Thompson here. Thanks for joining us on another wise money tools video. You know, I've used this analogy of the golden goose over the years and in the next video or two kind of want to lay out how this might be one of the most important money concepts you'll ever learn. I know that sounds Whoo. But really it's true. You know what's fascinating to me about money and investing is it...

Hi everyone, Dan Thompson here. Welcome to another wise money tools video. So we've talked a couple different videos now recently about leverage. Well, let's look at what that really means. Now there are several reasons as you know why we like to use life insurance when it comes to safe money. The plus sign in the equation and in a second here, I'm going to show you how to add leverage to a policy...

Hi everyone, Dan Thompson here. Thanks for joining us on another wise money tools video. In the last few videos, we've been talking about the 5 elements to wealth, and I hope you've gotten a real good sense of what all that really means. If you recall that first element is so important, it's where it all starts. It's extremely critical and that is pay yourself first. You know, this is such a simpl...

Hey everyone, and welcome to another wise money tools video. As you know the last few videos, we've been talking about the five elements to wealth. We're gonna finish it up with the fifth one today. Remember our equation y=a(1=r)x. Well, today we're gonna talk about that the power of x. Just as a quick review, a is our cash. Remember, we got to pay ourselves first one is the capital or the debt eq...

Hi everyone, this is Dan Thompson with wise money tools. Welcome to this video we are in part two of compounding. Now if you didn't watch part one, I need you to go back and watch that because it's gonna make a lot more sense if you watch that first. Trying to keep these videos short because I want you to stay tuned and not go away because this is good stuff. So in our compounding discussion that...

Hi everyone, this is Dan Thompson with wise money tools. Welcome to this video or podcast. You know today I want to talk about debt and credit some of the pitfalls that people fall into, and they don't even do it necessarily on purpose. But we live in a world today with really easy credit, which means easy debt. We got bank and finance companies are always out to look to grab another family, shack...

Hi everyone, this is Dan Thompson and welcome to another wise money tools video. We are talking about the 5 elements to wealth. And this time we're going to have a little bit of a crossover from our last video where we were talking about debt. In our last video, we were trying to determine good debt, bad debt, when to have debt, when to be using your money to build and grow. So this is kind of a c...

Hi everyone, Dan Thompson here and welcome to another wise money tools video or maybe podcast depend on how you keep in touch with us. Well, at the time of this video, it's early December 2019. And you may have a few more weeks to do something that you probably should seriously consider, and that is to convert your IRA or maybe even some of your 401k to a Roth. Okay, this is called a Roth conversi...