by Tom Wheelwright | Oct 1, 2007 | Wealth Strategy
It's Monday morning and I'm in the elevator on my way up to my office from the parking garage. Another person gets on the elevator at the same time. Trying to be polite and friendly, I ask him how he is doing. His response is, “Ugh, it's Monday.” Is this...
by Tom Wheelwright | Sep 4, 2007 | Wealth Strategy
One of the most common questions I get regards “tax-favored” investment vehicles such as Self-employed Retirement Plans (SEP's), IRA's, 401(k)'s, and, in Canada, RRSP's. With the exception of the Roth IRA and Roth 401(k), these vehicles primarily rely on...
by Tom Wheelwright | Aug 10, 2007 | Wealth Strategy
I get a lot of questions from seminar participants about building a wealth team. For example, I was recently asked the following: Is there a particular on-line brokerage firm that you recommend? Do you recommend using any particular stock advisory newsletter? These...
by Tom Wheelwright | Aug 7, 2007 | Wealth Strategy
What is the best way to get started when you don't have a lot of income to invest? This is another question that ultimately needs to be handled by your own personal wealth strategist. However, I may be able to provide a few insights. First, remember that financial...
by Tom Wheelwright | Aug 7, 2007 | Wealth Strategy
I am frequently asked about specific investments. For example, recently, I received the following questions from one of our teleseminar participants. I have $200,000 coming as soon as my investment property sells, what would be the best way to reeinvest? If I do a...
by Tom Wheelwright | Jul 26, 2007 | Wealth Strategy
Multiple Streams of Income has become the catch phrase of the new century. This can be a terrific idea, since it means that we are receiving income from multiple sources and should mean that if one stream dies, then we will still be okay financially. So the question...
by Tom Wheelwright | Jun 19, 2007 | Wealth Strategy
This is the question I received yesterday from one of our participants. Here is the exact scenario she ran into in her words: Hi, First I want to say I really enjoyed session 1 it was basic enough for me, and I am going to keep up with you, understand and learn all...
by Tom Wheelwright | May 3, 2007 | Wealth Strategy
First, I want to thank all those who commented on my recent entry, “Why the Lottery is a Better Investment than Mutual Funds.” This entry is a follow up to several of those commentators, many of whom were asking the question, “If mutual funds are not...
by Tom Wheelwright | Mar 15, 2007 | Wealth Strategy
Even though I am not an investment advisor and never hold myself out as one, clients continue to ask me what to do to prepare for retirement. Should I max out my 401(k) contribution? Should I do an IRA? Should I put more in my profit sharing plan or pension plan?...
by Tom Wheelwright | Dec 4, 2006 | Wealth Strategy
I have often thought over the past couple of years about the difference between being rich and being wealthy. Is there a difference? If so, what is it? And how do we become wealthy? It seems to me that there is a big difference between being rich and being wealthy....
