Opportunity Cost - Episode 538
The Prosperity Podcast · Spencer Shaw, Kim Butler
Audio is streamed directly from the publisher (dts.podtrac.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Kim and Spencer discuss the concept of an "opportunity fund". An opportunity fund is different from a savings account as it actively makes you money and is used to strategically take advantage of any financial opportunities. Unlike a position of debt or constant emergency where opportunities are limited, having an opportunity fund enables people to position their money strategically for future investments. The hosts, Kim and Spencer, discuss the concept of a CLUE test (Control, Legacy, Use, and Equity) as a gauge to measure the accessibility and fluidity of your opportunity fund.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies 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 and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- What an opportunity fund is and the importance of being in a position of cash
- The importance of dedicating a certain amount every month to building an opportunity fund
- Using the CLUE test for identifying the appropriateness of where to store the opportunity fund
- The importance of controlling dollars, particularly in relation to banks
- Liquidity of properties and stocks being dependent on several external factors
- The aspect of equity in different forms of opportunity funds
- The usefulness of the CLUE acronym as a tool for determining the strength of an opportunity fund
- Why you should start learning and preparing to take advantage of opportunities
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.