SMPL Money

Hosts: John and David Thompson

Episode Summary:

In this episode of SMPL Money, John and David dive into the topic of volatility—not just in financial markets, but in everyday life. They explore how market fluctuations, mortgage rates, and stock movements can impact decision-making, and why volatility is often an opportunity rather than a threat.

John shares insights on how younger and older investors should approach volatile marke...

Hosts: John and David Thompson

Episode Summary:

In this episode of SMPL Money, John and David discuss the various types of insurance—why it is essential, how it works, and how to choose the right coverage based on your needs. They break down the misconceptions surrounding insurance and explain why having the right policies in place is a crucial part of financial planning.

• The purpose of insurance and why it ...

Hosts: John and David Thompson

Episode Summary:

In this episode of SMPL Money, John and David break down one of the most important and often misunderstood financial topics—interest rates. They explore how interest rates impact borrowing, saving, and investing, and why understanding both sides of interest (paying vs. earning) is crucial for making smarter financial decisions. They also discuss the Federal Reserve’s role in setting ...

Hosts: John and David Thompson

Episode Summary: In this episode of SMPL Money, John and David provide an in-depth look at mortgage refinancing, covering when it makes sense to refinance, common mistakes to avoid, and how refinancing can impact your long-term financial goals. They discuss real-world scenarios to illustrate how refinancing can save money and improve cash flow, while also cautioning against common pitfalls such as ex...

Hosts: John and David Thompson

In this episode of SMPL Money, John and David tackle the classic question: “Should you buy or rent?” They dive into the factors influencing the decision, such as market conditions, cash flow, personal goals, and lifestyle considerations. With insights from their own experiences and practical examples, they discuss why owning a home might not always be the best financial choice for everyone and explore...

Hosts: John and David Thompson

Episode Summary: In this episode of SMPL Money, John and David discuss the principles behind the FIRE (Financial Independence, Retire Early) movement, drawing connections to the popular book Your Money or Your Life. They explore how people can build an ideal lifestyle by saving early, living frugally, and prioritizing time and freedom over material possessions. They also discuss how younger generation...

Hosts: John and David Thompson

Episode Summary: In this final installment of the Mortgages series, John and David continue discussing Ric Edelman’s reasons for carrying a big, long mortgage. They cover reasons 8 through 11, focusing on how mortgages can provide greater liquidity, flexibility, and help build long-term wealth. They also dive into the bonus reason that you're never really "done" paying for housing, whether it’s throug...

Hosts: John and David Thompson

Episode Summary: In this episode of SMPL Money, John and David dive into the growing trend of "Buy Now, Pay Later" (BNPL) services and the psychology behind debt. They discuss the different types of debt, the potential pitfalls of BNPL, and how it can impact financial behavior. The conversation also covers strategies for managing debt and making mindful financial decisions.

What You'll Learn:

• The ...

Hosts: John and David Thompson

Episode Summary: In this episode of SMPL Money, John and David continue their discussion on Ric Edelman’s article, "11 Great Reasons to Carry a Big Long Mortgage." In this part, they cover reasons 4 through 7, diving into the tax benefits, the impact of inflation on mortgage payments, and how mortgages can provide liquidity without selling your home.

What You'll Learn:

• Reason 4 & 5: The tax de...

Hosts: John and David Thompson

Episode Summary: In this episode of SMPL Money, John and David discuss the first three reasons from Ric Edelman's article, "11 Great Reasons to Carry a Big Long Mortgage." They provide insights from their generational perspectives on why carrying a mortgage can be beneficial, challenging conventional wisdom that encourages paying off mortgages quickly.

What You'll Learn:

• Reason 1: Your mortgage do...

Hosts: John and David Thompson

Episode Summary: In this episode of SMPL Money, John and David discuss the importance of goal setting and discipline from their generational perspectives. They explore why goal setting is crucial for personal and professional success, the common challenges people face when setting goals, and practical tips for maintaining discipline to achieve those goals.

What You'll Learn:

• The concept and import...

Hosts: John and David Thompson

Hosts: John and David Thompson

Episode Summary: In this episode of SMPL Money, John and David explore the evolution of money from its origins in bartering to modern-day digital currencies like Bitcoin. They discuss the fundamental properties of money, their personal experiences with money growing up, and speculate on the future of money and financial transactions.

What You'll Learn:

• The essential ...

Hosts: John and David Thompson

Episode Summary: In this episode of SMPL Money, John and David explore the concept of financial health and how it differs across generations. They discuss the importance of having an emergency fund, understanding personal cash flow, and setting financial goals. They also share practical tips and tools to help listeners achieve financial well-being.

What You'll Learn:

• The definition of financial h...

Hosts: John and David Thompson

Episode Summary:

In this episode of SMPL Money, John and David discuss the essentials of investing, focusing on stocks and the equities market. John shares his extensive experience, while David brings a fresh perspective on how younger generations approach investing. They delve into the accessibility of investment tools today, the concept of dollar-cost averaging, and the importance of long-term inves...

Hosts: John and David Thompson

Episode Summary:

In this episode of SMPL Money, John and David delve into the concept of retirement, exploring it from their generational perspectives. John brings insights from his extensive career in finance, while David offers a fresh viewpoint from the early stages of his career. They discuss the meaning of retirement, the impact of economic downturns, and strategies for preparing for this signifi...

Hosts: John and David Thompson

Episode Summary: In this inaugural episode of SMPL Money, John, a seasoned finance professional with over three decades in the mortgage industry, and his son David, who brings a fresh, younger perspective from his recent entry into the field, explore the multifaceted concept of money. They delve into how different generations understand and interact with money, influenced by varied upbringing and soci...