10 insights to maximize wealth, with tom anderson

@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...

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