The Prosperity Podcast What Is Your Financial Foundation? - Episode 564
This episode focuses on the concept of carefully investing in one's financial foundation by creating an emergency and opportunity fund, ideally stored in the life insurance industry for life-long accessibility. This fund should be liquid, tax-free, earning a competitive rate, and able to fund any opportunities that come one's choices, and its size should vary based on the kind of deals one seeks. It ensures one doesn't run into financial difficulties like the person mentioned who had sold a business and then invested unfittingly. The hosts, Spencer Shaw and Kim Butler, discuss the importance of cash flow and serving others alongside building wealth, considering wealth building as a marathon rather than a sprint.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Thinkers thinking and strategies today!
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Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- The importance of an emergency and opportunity fund
- Why you should have a foundation fund which is not taxed and readily available to take advantage of opportunities
- The ideal size of your opportunity fund
- Importance of having a larger opportunity fund than the size of the deals you are seeking
- The race towards financial stability
- The concept of serving as a human or spiritual standpoint in one's life
- Why you should go slow in investments and making wise decisions
- The problem of focusing only on sprinters or starters in financial information
- "Perpetual Wealth" and the seven phases of prosperity
- Importance of having checkpoints in one's financial journey
- Use of every decade as a checkpoint
- The need to stretch our perspective of time and have a firm foundation
- The value of cash flow
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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