Knowing when to take the next step can be critical when getting another policy. Kim and Spencer discuss when it makes sense to get another policy. Listen to Kim’s financial wisdom and experience, and enjoy the podcast!
Best-selling author Kim Butler and Spencer Shaw teach 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
- For resources and additional information on this episode go to https://prosperitythinkers.com/category/podcast
- The best place to store cash – 0:32
- What to do after 2-3 years after buying your first policy – 1:05
- Psychological triggers – 2:19
- Immediate results – 3:37
- The savings habit – 4:38
- Thinking about a second policy – 6:20
- Term insurance vs whole life insurance – 7:31
- Starting a policy on a child – 8:04
- What is convertible term insurance? – 9:17
- A convertible policy to whole life policy – 10:20
- Understanding your cash flow to get another policy – 11:11
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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.