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. Â
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
- https://prosperitythinkers.com/business-financing-secret
- https://www.amazon.com/Live-Your-Life-Insurance-Butler/dp/1441486895
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 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.