We discuss why borrowing against your whole life insurance too often, too soon and too much might not be a good idea.
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
- For resources and additional information of this episode go to https://prosperitythinkers.com/category/podcast
- Borrowing to invest – 0:55
- How to use your emergency fund – 1:22
- Being conscious of what we are borrowing for – 1:58
- Eliminating your emergency fund – 2:33
- Being patient to get better results – 4:50
- Getting assets to continue growing – 7:30
- Finding cash flow deals – 7:50
- The emergency number is zero – 8:34
- An emergency and opportunity fund – 9:40
- What the emergency fund is for – 10:03
- Adding opportunities to our way of thinking – 10:44
- Prosperity thinking and prosperous mindset – 11:06
- Get in touch with Kim and Spencer – 12:48
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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.