Personal Finance

risk insurance

Are You Insurance Poor? The Truth About Insurance Deductibles and Premiums

“Insurance Poor” is when you’ve got tons of insurance coverage…at the cost of “crushing” payments. In other words, you’re so poor from making the payments to protect yourself from the “what ifs” that you don’t have money for much else! When you’re insurance poor, it’s likely that your insurance deductibles and premiums are the culprits. …

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How to Put the 7 Principles of Prosperity in Action!

At Prosperity Thinkers, the foundation of our practice is Prosperity Economics philosophy. We use the 7 Principles of Prosperity to guide our strategies and actions, and help YOU to do so, too. These principles are truths about wealth-building that have stood the test of time! We didn’t “invent” Prosperity Economics so much as we coined the phrase …

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Re-Think Your Mindset for Prosperity and Abundance

The first of the Prosperity Thinker’s 7 Principles of Prosperity is “THINK.” While THINK can apply to the many ways you interact with money, first and foremost, we believe it’s important to be intentional about HOW you think about money. By this, we mean to have a Prosperity Mindset—to think from a mindset of Abundance …

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Protecting Assets from Lawsuits and Creditors: Part 2

Part One of “Protecting Assets from Lawsuits and Judgments” described the many kinds of personal and professional liability that can make somebody susceptible to judgments and lawsuits. We also provided some tips on protecting your assets from judgments or lawsuits with proper insurance and business entities. Now, we’ll detail more strategies to protect your cash, …

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Protecting Your Assets from Lawsuits and Judgments: Are You a Target?

You might be a careful driver with good insurance. You might treat people fairly and with respect, enjoy excellent relationships, and avoid conflicts and risky behavior like the plague. Why would you need to be protecting assets from lawsuits? Unfortunately, it doesn’t matter. Someone can still sue you for everything you’ve got. There is always …

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Updating Your Will: One of Those Things That Requires Regular Attention

Years ago, a story surfaced in the news that sounded like something straight out of a sitcom. A wealthy London widow, who had outlived both her husband and lone son, repaid the kindness shown to her by the owners of a Chinese restaurant by leaving them a $21million inheritance. The woman, Golda Bechal, had stated …

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Family Banking 101

This strategy has been called “Family Banking,” “Private Family Banking,” the “Private Reserve Strategy,” “Infinite Banking,” “Insurance Banking,” and probably a half-dozen other names, too. In our newest book, Perpetual Wealth, we call it “Family Financing.” Whatever your preferred name, Family Banking is a method of using permanent, high cash value life insurance policies to …

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Stock or Mutual? That is the Question – Episode 208

Summary: In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about the differences between Stock and Mutual Insurance Companies. In just 15 minutes you will have a better understanding of where you should invest your money for life insurance. Tune in to find out how to take control …

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