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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

13:03

Being an Honest Banker - Episode 060

Summary:

Are you an honest banker? You probably think the answer to that is yes, but it might not be as simple as you think. Tune in to Todd Strobel and best selling financial author Kim Butler as they discuss the meaning of being an honest banker - especially when it comes to paying yourself back.

If you have an comments, tips, or questions, - or you’d like to be a quest on our show! shoot us an email at welcome@prosperitythinkers.com. Thanks for listening!

Show Notes:

0:00 Intro

1:11 Why You Should Be An Honest Banker

1:31 What It Means to Own A Loan

2:53 Paying Yourself Back: Being an Honest Banker with Your Savings

3:30 Borrowing Against Your Life Insurance Cash Value & Remaining Honest with Yourself

4:45 What Does it Mean to Borrow Against Your Life Insurance Cash Value?

5:52 Why Would You Want to Pay the Principle of This Type of Loan?

8:24 What We Recommend: Handle Your Loan Based on What You Borrowed Against Your Cash Value For

9:44 The Time Value of Money: Paying Yourself Back With Interest

11:47 Being an Honest Banker: Even with Family?

12:40 Outro

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