Wise Money Tools

Everybody, this is Dan Thompson with wise money tools. Thanks for joining us on this video. So in the past couple videos, we've been talking about the five elements to wealth. And today we're gonna talk about one of the other elements. Remember our formula, y=a(1+r)x. And each one of these things has it's own little element. That's part of it a is our cash, pay yourself first. One is our capital a...

Hi everyone, Dan Thompson here, if you remember, we're talking about the five elements to wealth. Now remember the formula created by Einstein. He called it the eighth wonder of the world. It's compound interest, y=a(1+r)x. If you recall, why is our outcome? This is the answer, right? This is our goal. This is our wealth. Now the first element that we have to understand is "a" and "a" equals cash....

Well! Hi everyone, this is Dan Thompson with wise money tools. Welcome to this video. Today we're gonna talk about the most critical and least understood basic money principles. Now, listen closely here for just a second. Okay, I'm gonna be putting out these next five to six videos pretty quickly. As you know, I typically put one out about once a week. But this next five or six are gonna come a li...

Hi everyone, this is Dan Thompson with wise money tools. Welcome to another video or podcast, however you listen to us. You know, if you look around there's a bunch of different financial advisors and they're kind of divided, if you will. You know, on one hand, you've got the advisors that are all about selling you. You know, mutual funds, maybe some stocks, nothing they sell has guarantees. And w...

Well! Hi everyone, this is Dan Thompson wise money tools. Glad you could join me on this wise money tools video. So I got a quick question for you. Are you capable of picking your own mutual funds? Now that might sound kind of silly, but I started as a financial advisor back in 1986. Yep, old guy, little gray here. Now, if you work for a big firm, what happens on a fairly regular basis is you get...

Well! Hi everyone, and welcome to another wise money tools video. This is Dan Thompson. Glad you could be with me today. So today we're gonna talk about what happens if the cost of living goes up? Well, first off, we got to understand some of the reasons why the cost of living might go up. A few things can happen because of recession, it can be inflation, it can actually because of you know, a dyn...

Hey everyone, this is Dan Thompson. Welcome to another wise money tools video and podcast. Now in this video we're gonna talk about and take a look at the new proposed health care that Elizabeth Warren just came out of. But we're gonna try to look at it from the perspective of, you know, a hard working middle class American, if you will, who's, you know, trying to get to a point where they can ret...

Well! Hi everyone, and welcome to another wise money tools video. I'm so glad you could join me today. How is it out in your world? You know, every morning, I should say I try every morning to do an elliptical workout. And I use a program called I fit it's really cool because do you run with a trainer in all parts of the world. I've been a run on the beach in Hawaii in the Cinque Terre in Italy, I...

Hi everyone, and welcome to another wise money tools video. Hope you're having a great week. So I want to ask you some did you ever see the movie "The Big Short?" So "The Big Short", very interesting movie a guy named Michael burry. He essentially shorted the mortgage market back in 2007-2008. So, I got to kind of paint this picture first you got to get a better understanding why shorting is to un...

Well! Hi everyone, and welcome to another wise money tools video. Glad you could join me today. You know, it's funny how just a little market turbulence really wakes people up, and it even gets politicians fired up as well. Over the past few days we've seen some pretty significant drops in the market yesterday, October 2, we saw about a 500 point drop in the Dow. So what I wanted to do real quick...

Well! Hi everyone, welcome to another wide money tools video. And I promise we're gonna finish up the six items today. Just to have a little recall here, in our previous three videos we talked about, basically the six items that are pushed by traditional financial advisors, get out of debt, defer all the taxes you can, if you have more than 10 years to invest in by mutual funds. Number four was do...

Well! Hi everyone, welcome to another wise money tools video. Glad you could join me. So we're pushing into part three if you will, on the six major items that most traditional financial planners talk about and push as their financial planning practice. And we're on to number four. Number four is something that I pretty much disagree with wholeheartedly from traditional financial planners. And tha...

Well, Hi everyone, and welcome to another wise money tools video. So in our last video, we were talking about this radio guy who was talking about the six main points about money and investing. And we got through a couple of them. The first one we talked about was getting out of debt, that seemed very obvious, I think every financial advisor would agree that getting out of debt is a good idea. The...

Hi everyone, and welcome to another wise money tools video. Glad you could join me today. Well, on August 28th on Wednesday, I was driving back from the hospital, where I got to go check out my newest grandson had makes an even dozen. And in a few weeks, we're gonna get number 13. So it's been pretty exciting. So we're excited to welcome Jeremiah to the family. Anyway, on the way home, I was liste...

Well, Hi everyone, and welcome to another wise money tools video. Glad you could join me this week. You know, I love when new economic news comes out. It's so funny how you they get the viewpoints that are totally opposite from one another. They'll have a couple different guests on their each one talking about their particular point of view. You know, economists and weather forecasters are the onl...

Hi everybody, welcome to another wise money tools video. Glad to have you with me today. So I had a really interesting conversation the other day was, and it may fit some of your situations. You know, I know a couple of you still have some teenagers at home, maybe you're in your, I don't know, early 40s, late 40s, who knows. But this couple very similar situation had a couple teenagers at home. He...

Well, Hi everyone, and welcome to another wise money tools video or podcast depending on how you contact with us. So in this video, I want to talk about something that may not be so easy to talk about. You know, one of the hardest things when it comes to money and finances is kind of talking about debt. Right. Now all that, before you click away, I want you to hear me out, this isn't gonna make yo...

Hi everyone, and welcome to another wise money tools video. Glad you could join me today. Maybe you're on the podcast driving, glad to have you as well. So we're gonna talk about trade wars. I mean, this has been a big deal, it's dropped this stock market. Today is the fifth of August and we've had a 1700 point drop in the last a week or so. So there's a lot of people scared wondering what these t...

Hey everyone, welcome to another wise money tools video. Glad you could join me today. So I got something kind of fun to talk about let's see if this is kind of interesting to you. So what if politicians were stocks? Now the question is, would anyone want to own them? One thing about Wall Street is they like predictability, and very little change. In fact when news hits the street, and there's eve...

How big are you thinking when it comes to your money?

Are you prepared to take the next step in investing?

Picking up from where we left off. Everyone, welcome to another wise money tools video. Last week, we kind of dove in a little deep on some numbers for real estate investing, and we want to pick it up from there. So what we're gonna do is talk about how to use the banking system as part of your real estate investing. Okay, so now let's do something kind of interesting. So we've looked at an all ca...

Hi everyone, and welcome to another wise money tools video. I've been thinking about doing this real estate video for quite some time now. But a few things happened over this past week or so that has really kind of spurred this. And I kind of want to get this out there because I think it's really critical, a lot of you might be interested in investing in real estate. So it's, one of those things t...

Well, hi everyone, welcome to another wealthy and wise video. And today we're going to kind of talk a little bit about education and capitalism and hopefully, finish up this series. They're pretty quick. And just the other day I watched an interview a college student on this financial channel. She's leading this group of students in this big protest. Now, she was an admitted socialist, and basical...