Listener Question - Borrowing for Vacations? - Episode 178

Summary:

Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel take on a listener question where Ben asks if one should use a policy loan to pay for a vacation and other expenses.

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 hello@partners4prosperity.com and we may answer it in an upcoming episode.

 

Links in this Episode:

Free ebook - www.partners4prosperity.com/ebook

Book recomendation - Live Your Life Insurance

Submit your questions hello@partners4prosperity.com

 

Show Notes:

00:00 Introduction

00:32 Today’s topic: Listener Question

02:17 Here’s what to do if you truly want to be your own bank

04:08 Why it’s important to be borrowing to invest no borrowing for consumption

06:41 Using convertible term policies

09:00 The typical rate of return for dividends on an insurance company

10:30 Book recomendation: Live Your Life Insurance

11:38 Easiest way to start saving 20% of your gross

13:29 Save 10% more by looking at your taxes or creating a home based business