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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