Getting financing for your business can be a difficult challenge if you follow the typical approach of working with a bank. In this episode Kim Butler shares examples from entrepreneurs and corporations that followed the traditional route of getting capital to grow their businesses.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at welcome@ProsperityThinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For transcriptions and additional information of this episode go to: https://prosperitythinkers.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
- 1:48 – We are grateful for No B.S. Money Guy Todd Strobel
- 2:09 – Traditional vs Typical strategies for financing your business
- 3:10 – J.C. Penny used whole life to support growth and cashflow challenges
- 3:33 – Walt Disney and Foster Farms borrowed against cash value to enable growth
- 4:23 – How Kim Butler uses cash value life insurance to support her business
- 5:58 – Why we view this as an emergency / opportunity fund
- 7:00 – You can own life insurance personally or have your business own it
- 8:02 – How long do you have to wait to access emergency / opportunity funds?
- 9:54 – There are no limits on the minimum or maximum
- 11:30 – Why most business owners aren’t following the traditional methods
- 13:27 – How listeners can take the next step
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Disclosure: Our content is meant for educational purposes only. While it’s our goal to help you learn about building a life of prosperity, we do not intend to provide financial advice. Please consult your financial, tax or legal advisor before making any investment or financial decisions.