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The Prosperity Podcast

505 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

10:01

The Value of Borrowing Against Your Savings - Episode 112

Summary:

How are you saving your money? Do you withdrawal money from your saving account, then pay yourself back later? What if you left that money in your account and let it grow and borrowed against that instead? Most people don’t figure this out until much later in life, but doing so allows you to take advantage of the value of uninterrupted compound growth. Today’s episode is a little bit more technical, but very important. Tune in to find out how to take control of your finances and keep your money safe!

If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!

 

Show Notes:

0:00 Intro

0:39 The Value of An Uninterrupted Compound Interest Curve

2:33 The Importance of Borrowing Against Your Savings

5:21 Why It Matters What You Do With the Money

9:37 Outro

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