Responsible Borrowing: How to Use Debt to Your Advantage - Episode 513
Release Date: 05/02/2023
Busting Scarcity Beliefs Real Life Examples - Episode 618
The Prosperity Podcast
In this episode of the Prosperity Podcast, explore real-world strategies to combat scarcity thinking with insights from the new book “Busting Scarcity Lies.” Discover how shifting mindsets can transform daily challenges into opportunities. Listen in for practical tips and inspiring stories to help you embrace abundance today! 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...
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The Prosperity Podcast
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Jobs Robots Will Take Over - Episode 616
The Prosperity Podcast
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The Prosperity Podcast
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The Prosperity Podcast
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The Prosperity Podcast
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The Prosperity Podcast
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Vision vs Goals - Episode 610
The Prosperity Podcast
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The Hidden Cost of Free Advice - Episode 609
The Prosperity Podcast
Tune into the Prosperity Podcast to explore the real cost of “free” advice, especially in money matters. Discover how to filter out noise, build financial wisdom, and ensure your financial future. Listen to how communities shape prosperity for generations. Unmissable! 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, that as...
info_outlineKim and Spencer discuss responsible borrowing and how to use debt to your advantage, particularly when it comes to building businesses or making investments. The conversation emphasizes the importance of having a proper mindset before considering taking on debt and being confident in the ability of the investment or business to generate enough cash flow to pay off the debt.
The podcast also highlights the need for liquidity to cover potential issues such as delays in business profitability or unexpected expenses. In addition, it recommends using bank financing, borrowing against the cash value of life insurance policies or acquiring funds from venture capital, family or other sources as a means of obtaining debt responsibly.
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!
Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- Discussing responsible debt and debt taken for building businesses and investments
- Building liquidity and why it is important for taking on responsible debt
- Interest rates and the dividing line between good and bad debt
- Approaching OPM (Other People's Money)
- Understanding responsible borrowing from a prosperity perspective
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