Kim and Spencer talk about a white paper called, “The Seven Deadly Investor’s Sins.” They discuss some of these things they agree with and a few of the investor sins they want to scream at. Stay tuned and see if you agree or disagree.
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
- Talking about the PDF report – 0:41
- Inappropriate asset allocation – 1:03
- Certainty is one of the Prosperity Economics Movement Principles -2:52
- Having too much cash – 3:09
- Whole Life Insurance as a wonderful place to store cash – 4:04
- The Control Principle – 5:02
- Paying excessive fees – 5:25
- The Opportunity cost of your fee – 6:44
- Poor tax management – 10:13
- Inflation is your number two enemy – 11:31
- Lifestyle inflation – 12:57
- Two things that help us avoid inflation – 13:27
- Living off interest – 13:58
- Poor debt management – 16:16
- A mistake that people make – 17:14
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