10 insights to maximize wealth, with tom anderson
DESCRIPTION
Listen to the full interview at www.33voices.com/thomas-j-anderson/audio Tom Anderson has his MBA from the University of Chicago and a B.S.B.A. from Washington University in St. Louis, where he achieved a double major in Finance and International Business. During his undergraduate years Tom studied abroad extensively, participating in programs at the London School of Economics and the Cass Business School at City University London, and he spent a full year at ESCP Europe on their Madrid campus. In 2002, Tom attended the Wharton School of the University of Pennsylvania, and subsequently obtained the title of Certified Investment Management Analyst (CIMA®), sponsored by the Investment Management Consultants Association (IMCA). In addition, Tom has earned the Chartered Retirement Planning CounselorSM (CRPC®) designation through the College for Financial Planning. Tom worked in investment banking in New York before moving into private wealth management. He is fluent in Spanish and has lived and worked in Spain and Mexico. His extensive academic studies at some of the top schools in finance and economics, international experiences, and institutional background deliver a unique perspective on global markets. Tom has received multiple national recognitions for his wealth management accomplishments including being named three times to Barron's Magazine as one of America's Top 1000 advisors: State by State. He is married and lives with his wife and three children in Chicago. He's the author of The Value of Debt: How to Manage Both Sides of a Balance Sheet to Maximize Wealth.TRANSCRIPT
@33voices
creative intelligence to help entrepreneursthink, grow, and live.
The following represents 10 highlights from the interview by @MoeAbdou,
founder & host of 33voices®.
Tom AndersonTom Anderson has his MBA from the Uni-
versity of Chicago and a B.S.B.A. from Washington University in St. Louis, where
he achieved a double major in Finance and International Business.
Tom has received multiple national recog-nitions for his wealth management accom-plishments including being named three
times to Barron’s Magazine as one of Amer-ica’s Top 1000 advisors: State by State.
Stream interview Watch videoWatch videoNo.1
A intelligent debt strategy may be your gateway to multiplying your wealth.
Think like a CFO.
Stream interview Watch videoWatch videoNo.2
The higher the interest rate of your debt,
the more important it is to eliminate it;
that means all credit card debt.
Stream interview Watch videoWatch videoNo.3
It’s wise to use an asset-based loan facility
to enhance your liquidity position;
think of it as a low cost emergency fund.
Stream interview Watch videoWatch videoNo.4
Your debt-to-asset ratio is highly personal,
but will generally range between 15-35%.
Stream interview Watch videoWatch videoNo.4
Your debt-to-asset ratio is highly personal,
but will generally range between 15-35%.
33voicesTom Anderson - Optimal Debt Number
Stream interview Watch videoWatch videoNo.5
Before financing your next purchase,
consider these four principles:
Stream interview Watch videoWatch videoNo.5
Before financing your next purchase,
consider these four principles:The value of the item is 100% independent
of the financing you have around that item.
Stream interview Watch videoWatch videoNo.5
Before financing your next purchase,
consider these four principles:Amortization stinks.
Stream interview Watch videoWatch videoNo.5
Before financing your next purchase,
consider these four principles:A fixed rate on a loan is similar to a form of insurance.
is it better to self-insure?
Stream interview Watch videoWatch videoNo.5
Before financing your next purchase,
consider these four principles:Think holistically
Stream interview Watch videoWatch videoNo.6
Think twice before paying down your mortgage;
it has a bigger liquidity impact than you think.
Stream interview Watch videoWatch videoNo.7
One hundred percent of all debt issued by publicly traded American corporations is issued on an interest-only basis;
it’s about flexibility.
Stream interview Watch videoWatch videoNo.8
Your rate of return on paying debt is exactly equal to
your after tax cost of that debt.
Stream interview Watch videoWatch videoNo.9
All things equal, a lower-volatility portfolio with debt may be better than
a high-volatility portfolio with no debt.
Stream interview Watch videoWatch videoNo.10
Always dig your well
before you’re thirsty!
Really reflect...
Have you considered your optimal debt-to-asset ratio?
Really reflect...
