Prosperity Thinkers BLOG
At Prosperity Thinkers™, we have a wealth of information for you. Please take a moment to look through everything and if you have questions, please email Support@Prosperitythinkers.com.
Is Life Insurance a Liquid Asset? Liquidity in Life Insurance
The three pillars of a solid personal economy are often considered to be certainty, growth, and liquidity. Today, we’re focusing on liquidity: what is it, and is life insurance a liquid asset too? Let’s unpack what it means when your account has liquidity, and
What Happens if You Don’t Have Life Insurance?
There are many reasons to want life insurance, as we frequently discuss on Prosperity Thinkers. However, it can be a big decision to make–there are several types of life insurance, as well as various ways to structure a policy. You may still be wondering
5 Benefits of Whole Life Insurance for Business Owners, Part 2
Last week, we started the discussion about the 5 reasons whole life insurance is a good asset to have as a business owner. If you own a business—big or small—you know that there’s a unique problem set that arises financially. You have to think
5 Benefits of Whole Life Insurance for Business Owners (Part 1)
“Cash value life insurance plays a massive role in financial institutions, corporations and banks…. Not only does it increase their financial stability and reduce their taxes, it is an ideal place to fund employee pensions, healthcare costs, and other benefits.”– Jake Thompson, Money. Wealth.
What is Opportunity Cost? How to Accelerate Wealth By Measuring Opportunity Cost
Are you missing chances to build your economic prosperity effortlessly? Unfortunately, many people are, simply because the financial industry does not talk about opportunity cost enough. It’s treated as an abstract concept rather than one that actually has a tangible impact on your wealth!
5 Surprising Benefits of Whole Life Insurance for Grandchildren and Children
Should you get life insurance for grandchildren? What about children? Don’t people only “need” life insurance if they have a family to support? Why do people insure their children and grandchildren, and does it make any sense to insure your heir? Not only is
Legacy Estate Planning Strategies 101
Building wealth today is only one piece of the financial puzzle, and yet it’s the piece that often gets the most attention. After all, if you don’t build wealth, you’ve got nothing to protect. And yet, if you’re going to go to the effort
How to Leave a Legacy by Teaching Values
What is a legacy? It largely depends on who you ask, though in a financial sense, most people consider their legacy to be the money they leave to loved ones. However, if you want to leave a legacy, it can be so much more
How Does Policy Loan Interest Work?
What do you do when you want to use money from your cash value account? There are several ways to access your cash, the most advantageous of which is usually the policy loan. Let’s review why you might want to take a policy loan,