What is Money?

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 societal changes. What You’ll Learn: How John’s journey in finance and lessons from his parents shaped his understanding of money. David’s insights on how education and generational perspectives influence financial attitudes. The fundamental question: What is money? Exploring its essence beyond the physical to include effort, time, and discipline. Perspectives on real estate as an investment and its role in building wealth, contrasted by the challenges it presents. Anecdotes from both hosts about learning from successes and failures in their financial paths. Timestamps: [00:00] Introduction to the show and hosts [01:00] John’s introduction and the goal of the podcast [02:00] David’s background and his take on money and education [03:00] Deep dive into what money really means [05:00] Discussion on the discipline required in managing money [07:00] Exploring real estate as a cornerstone of financial strategy [09:00] Real-world examples and advice on real estate investment [11:00] Concluding thoughts and what to expect in future episodes Connect with Us: Reach out to John and David with your questions or feedback. SMPL Mortgage Follow us on social media for updates and more insights. @smplmortgage If you enjoyed this episode, please like, share, and subscribe to SMPL Money for more insightful discussions. Stay tuned for our next episode where we continue to unravel the complexities of finance in our lives.