Summary:
Welcome to the 84th episode of the Prosperity Podcast! Today, host Todd Strobel and best-selling author Kim Butler sit down to discuss the power of systems. Systems allow us to let our money work for us (to leverage our money) and to create cash flow, one of the main principles of prosperity. Taking advantage of systems doesn’t require us to work harder to make more money, just smarter. One of the biggest components of utilizing systems is creating habits that work towards our financial prosperity, not against it.
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Show Notes:
00:00 Intro
00:19 The Power of Systems
01:41 Building Linear Income & Having Your Money Work for You
03:02 Systems in the Real Estate Environment
06:14 Pitfalls of Systems & Problems with IRA Real Estate
08:14 How You Can Get One Dollar to Do Lots of Jobs in Real Estate
10:07 How to Get One Dollar to Do Lots of Job with Life Insurance
14:59 Good Debt Vs. Bad Debt
17:00 Combining Life Insurance Leverage and Real Estate
19:12 The Importance of Doing Your Homework
21:09 Outro
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.