What Financial Mistakes to Avoid in a Crisis – Episode 358

Kim and Spencer talk about the financial mistakes that you should avoid during a crisis. They define what a crisis is and what to do through one.


Best-selling author
Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!

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Links and Resources from this Episode

 

Show Notes

  • What is a crisis? – 0:28
  • What to do if you have an opportunity – 1:50
  • The importance of how you look at the situation – 2:13
  • Looking at things differently – 2:35
  • One of the financial mistakes to avoid – 2:51
  • Dangers and opportunities right now – 3:39
  • Not having liquidity is a danger – 5:38
  • Prepaying a mortgage – 6:41
  • Today’s opportunities – 8:41
  • Different opportunities during a crisis – 9:45
  • Having a bread machine – 11:23
  • A family dinner environment – 11:37
  • The opportunities that will arise for investors – 12:28
  • Specific categories of assets classes – 13:44
  • Learning helps us grow – 14:12
  • The size of our thinking – 14:59
  • The worst thing that we can do right now – 15:32
  • The importance of having an entrepreneurial mindset – 16:56


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