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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


Should I Open A Home Equity Line of Credit? - Episode 197


In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about the pros and cons of opening a Home Equity Line of Credit. Listeners will learn about when they should be used, and why mortgages may be the better way to go. Stay tuned for the listener gift at the end!

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 and we may answer it in an upcoming episode.


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Listener Gift: Financial Planning Has Failed ebook


Show Notes:

00:00 Intro

00:45 Answering a listener question

00:57 Home equity line of credit vs. Traditional Mortgage

03:22 Additional facts on the listener case

05:04 Busting the Interest Rate Lies

05:38 General Rule of Thumb: Putting extra money against a mortgage is not a good idea

07:06 Variable interests rate vs. Fixed interests rate

08:14 How home equity is handled at the banks

08:48 Can the bank still call the note?

11:07 Never have borrowed money as your emergency fund.

14:27 Tax implications of Home Equity Credit Lines

17:33 Mortgages are efficient debt

19:16 Listener Gift

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