The Endowment Effect is perhaps something that you’ve never heard about, but stay tuned and you’ll learn the importance of having a grasp over the concept, as Kim and Spencer discuss this surprisingly interesting topic through their emblematic intellectual wisdom.
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
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- Financial terms – 0:32
- Understanding the theory – 1:06
- The endowment effect – 2:02
- A negative aspect of the endowment effect – 3:20
- Understanding the concept through an example – 5:11
- Misunderstanding the Whole Life Insurance – 7:18
- A place to store cash – 8:40
- The importance of the word “save” – 9:35
- The act of savings saves families – 10:04
- The cash opportunity – 11:41
- Get in touch with Kim – 12:33
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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.