Listener Question - Borrowing for Vacations? - Episode 178
The Prosperity Podcast · Kim D. H. Butler
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Show Notes
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 [email protected] and we may answer it in an upcoming episode.
Links in this Episode:
Free ebook - www.partners4prosperity.com/ebook
Book recomendation - Live Your Life Insurance
Submit your questions [email protected]
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 recomendation: 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