How borrowing against cash value works

You can download Evan’s free monthly budgeting spreadsheet here:
https://einvestingforbeginners.com/budget/

In this episode of At Any Rate, Evan Raidt sits down with Kim Butler—founder of Prosperity Thinkers, host of the Prosperity Podcast, and bestselling author of Live Your Life Insurance—to break down how life insurance can be used as a tool for building wealth (not just protecting your family).

They dive into the mechanics of whole life insurance: how it works, how you can borrow against your cash value, and why it’s more flexible than most people realize.

Kim covers the pros and cons, compares insurance to other savings vehicles, and highlights the importance of control and flexibility in your financial life.

Topics Covered:

• Why saving comes before investing
• How whole life insurance works (and why it’s not just for death benefits)
• Borrowing against your policy: what really happens
• Pros and cons vs. high-yield savings, bonds, and the stock market

Timestamps: 00:00 Intro and Kim’s financial awakening
03:00 Lessons from 4-H, cows, and early entrepreneurship
06:00 The real role of life insurance and why people misunderstand it
10:00 How to use whole life insurance as a savings tool
15:00 Borrowing against your policy: mechanics and benefits
20:00 Pros, cons, and comparisons to other savings options
25:00 Flexibility: loans, skipping premiums, and paying yourself back
30:00 Building control and opportunity into your financial life
33:00 Kim’s special resource for listeners
35:00 Where to find Kim and final thoughts

Resources Mentioned:

Kim Butler’s Website: ⁠https://prosperitythinkers.com/special/

Prosperity Podcast: ⁠ https://open.spotify.com/show/0T5efslEuybSsGH6rlp1nn?si=6ca2f4a7256a40dc⁠

Live Your Life Insurance (Book): ⁠https://a.co/d/9YF1lAf⁠

Kim’s Website: ⁠https://prosperitythinkers.com

Free monthly budgeting spreadsheet: ⁠https://einvestingforbeginners.com/budget/⁠

Have questions or feedback? Email Evan at evan@einvestingforbeginners.com or comment below—your thoughts help shape future episodes.

Remember, financial freedom is built one smart move at a time. Keep it simple, keep it steady, and at any rate, we’ll see you next time.

Timestamps are generated by artificial intelligence, and are not 100% accurate depending on the platform used for listening.

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