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The Prosperity Podcast

506 EpisodesProduced by Kim D. H. Butler and Spencer ShawWebsite

Take control of your money. Join Kim D. H. Butler, best-selling financial author, and Spencer Shaw, as they use their prosperity mindset to utilize wealth-building tactics. Learn about the 7 Principles of Prosperity and how to make your money work as hard as you do.The Prosperity Podcast is the pers… read more

17:54

Why Life Insurance Is a Savings Account That Shows Up Like a Bill - Episode 248

If you view life insurance as a savings account that shows up like a bill it’s easy to see how it truly is the best savings plan imaginable. In this episode Kim and Spencer talk about the differences of paying for life insurance on a monthly basis or annually and also how long it takes for most people to being to understand the powerful results of life insurance.

 

Tune in with Kim D. H. Butler and Spencer Shaw 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.

 

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Show Notes

  • 1:39 - Why life insurance is a savings account that shows up like a bill
  • 2:43 - Most people pay all their other bills before they save money
  • 4:31 - Strategy for saving 50% of your pay raise
  • 6:36 - How long it takes for most people to understand the results of life insurance
  • 9:56 - Paying life insurance monthly vs yearly
  • 12:36 - Why it doesn’t matter how old you are to start with life insurance
  • 13:55 - Understanding CLUE
  • 15:00 - Life insurance is not the black box people think it is. It’s an asset.

 

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