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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

17:25

Why It’s Ok to Stray From the 401(k) - Episode 102

Summary:

Today on the Prosperity Podcast, our hosts, best-selling author Kim Butler and no bs money guy Todd Strobel, sit down to discuss ‘why it’s ok to stray from the 401(k)’. They talk about the difference between “saving” and “investing” and how those words have gotten confused in our everyday language. They also discuss what you should be doing with your money instead of investing in a 401(k) (not buying a jet ski!) - but putting your money in places where you have ‘CLUE’ - control, liquidity, use, and equity. Tune in to find out more about 401(k)s and how to 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:

00:00 Intro

00:36 How it's Ok to Stray from the 401(k)

02:14 What You Should Be Doing with Your 401(k) Money

02:59 What is the Difference Between Saving and Investing?

04:27 CLUE: Control, Liquidity, Use, and Equity

10:19 How is Life Insurance Different from 401(k)s?

13:36 Being Able to Use Your Opportunity Money

15:15 Educating Yourself More

17:00 Outro

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Educational

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Interesting

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Funny

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Agree

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Love

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Wow

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