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Wise Money Tools with Dan Thompson


Dec 12, 2018

With the year end stock market losses, mutual funds could send of what is called "Phantom Income" which basically means you could be paying taxes on short term capital gains, even though you end up with losses!


Dec 5, 2018

We live in a world of immediate gratification, however to build wealth requires some patience and a proven process.



Nov 14, 2018

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%