Episode 178

Listener Question – Borrowing for Vacations? – Episode 178

Summary:

Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel take on a listener question where Ben asks if one should use a policy loan to pay for a vacation and other expenses.

Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at welcome@prosperitythinkers.com and we may answer it in an upcoming episode.

Links in this Episode:

Free eBook:  Activating Your Prosperity Guide.

Book recommendation:  Live Your Life Insurance

Show Notes:

00:00 Introduction

00:32 Today’s topic: Listener Question

02:17 Here’s what to do if you truly want to be your own bank

04:08 Why it’s important to be borrowing to invest no borrowing for consumption

06:41 Using convertible term policies

09:00 The typical rate of return for dividends on an insurance company

10:30 Book recommendation: Live Your Life Insurance

11:38 Easiest way to start saving 20% of your gross

13:29 Save 10% more by looking at your taxes or creating a home based business

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