Wise Money Tools

Policy Loan: $60,000 Home Build Cost: $250,000 Total Cost: $310,000 Sales Price: $370,000 Expenses: RE Fees - $22,000 Bank Interest - $5,000 Policy Interest - $1000 Total: $28,000 Net: $342,000 Profit: $32,000 ROI: 53%

Nearly every employer offers a 401k, but is it a good deal for you? Think about the alternatives and what you might be able to do with that money if you controlled it!

Diversification is a big deal in the traditional financial planning community. But does it work or is it smoke and mirrors.

I went to a financial conference and was surprised what some of the most popular channels are. There are lots of them too!

Hey everyone, it is good to have you here on another wealthy and wise Wednesday and I hope life is going great for you. So I want to run something past you and I am serious this time when I say I love your feedback and your feedback can go the same place, questions@wisemoneytools.com and I will like to get your input and if you think this would be a worthwhile idea or not. So I have been an invest...

You can pretty much watch the TV for signs that the market is topping out.

Hi everyone and welcome to another wealthy and wise Wednesday, you know maybe if you have been on my video channel, you have seen that I have had this other playlist, if you will, they are called 3 minutes to money mastery and it is just a bunch of short videos that are 3 minutes long, they talk about certain concepts and what they do is they try to keep them under 3 minutes and get a lot of conte...

Well, hi everyone and welcome to another wealthy and wise Wednesday, I am really glad you can join me today and I think our conversations will be a little eye opening and maybe interesting. Because I wanted to start off by asking you this questions, what do you ultimately want your money or your investment to do for you? You probably have the answer right off the top of your head. Maybe you don't...

Well, hi everyone, welcome to another wealthy and wise Wednesday, glad you can join me today. As the summer draws to a close, kids back to school, hope your world going okay for you? And if you do have those youngster, I hope they are enjoying school? Because you know school is just an interesting thing. You know when I went to high school, I grew up in California, I went to a very unique high sch...

Hi everyone and welcome to another wealthy and wise Wednesday. Well, as promised from our last episode, we are going to talk about indexes and what an index is and why you might want to pay attention every once in a while to what is going on in the index. So what is an index? The most famous one is called the Dial Jones Industrial Average (DJIA) you might have seen that a time or two or every time...

Warren Buffet says that diversifcation is for the ignorant. Pretty strong words, right? In this episode, we talk about diversification and why so many advisors push it. Hi everyone and welcome to another wealthy and wise Wednesday and I hope your week is going great for you and let's see just a couple of more days to the weekend, hope you got some good plans, hope where you are at the weather is g...

Hi everyone, here we are again with another wealthy and wise Wednesday, thanks for joining me whether you are on video or podcast, want to welcome you all. You know I am kind of a water ski fanatic, I try to go at least two or three times a week and I ski the course, you might have seen a tournament [00:00:44] course skiing, there are 6 balls that you got to get around and it is really fun and the...

Retirement plan distubtions are all about TAX MANAGEMENT! When you take money from your retirement plans, make sure you do it when it's at your best tax advantage.

Finacial advisors are never taught how Warren Buffet created Billions of dollars in wealth with a very simple forumla to follow. He's arguably the best investor, ever, yet advisors have no idea how he got there, let alone teach it to their clients.

Let's stipulate that most credit card uses are TROUBLE! If you are buying something with a credit card, thinking it's going to be easier to pay for it later - you are kidding yourself! It's harder! However, there are ways to use credit cards wisely. Let's talk about it!

Early on in my career, I ran into this family that had one of the worst debt disasters I'd ever seen! 30 years later it still is a top ten worst financial situations I've seen.  What can we learn from their mistakes?

Active investing and passive investing each have its strong suit. What is best for you and how do you adjust your investing philosophy to maximize your wealth? Hello everyone and happy fourth of July to you, you know aren't you glad we are living in a country that is free or we can have opportunities, really the sky is the limit, I know there is a lot of negative talk about America and certainly t...

Here are the charts talked about in the podcast.    

What are the major diffences between a ROTH and Traditional IRA? Is one better than the other? What are the tax consequences when it's all said and done? Let's talk about the differences in this podcast.

Well, hi everyone it is Dan Thompson again with another wealthy and wise Wednesday, hope everything is going great for you? We are just about this expect some puppies around our house, I am really excited about that, we got a beautiful golden Doodle and she is going to deliver some pups in the next probably week or week and half. Somewhere there, so I will definitely bring them on the video and sh...

Hi everyone, welcome to another wealthy and wise Wednesday hope you are doing great this week, we just got a couple of more days until the weekend and hope you might be having some good times, summertime out there, nice and sunny, ready to go. I got a little bit of exciting news to share with you today, we are going to start something that I think is going to be really unique and very helpful, I c...

Hi everyone and welcome to another wealthy and wise Wednesday, hope everything is going good in your world and welcome, I am glad you can join us today. You know every once in a while I get the thinking about the economy, actually not every once in a while, almost every day and I am sure you do too because some of the things that are going on in the economy directly affects you and certainly affec...