This episode discusses the 'anti-debt snowball', challenging mainstream financial advice from figures like Dave Ramsey and Suze Orman. The hosts criticize these advisors for focusing solely on eliminating debt without preparing listeners for steps afterward. They argue that efficiently managed debts, such as student loans and mortgages, can be integral to personal financial strategy and shouldn't necessarily be the priority to eliminate. Instead, the hosts emphasize the need for the cash flow focus, particularly for higher-income individuals, and for establishing an emergency opportunity fund.

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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

• Advice and alternatives for upper-income individuals dealing with student loan, car loan, and mortgage debts
• Future mortgage types and why mortgage debt should be kept as long as possible
• Criticism of incorrect information spread by financial personalities
• Introduction to the benefits of utilizing cash value of whole life insurance as an effective and controlled wealth building strategy
• Entertainment and influence of financial personalities Dave Ramsey and Suze Orman
• Assessment of Dave Ramsey and Suze Orman's financial advice
• Why you should start thinking long-term and have a guide for effective wealth planning and management

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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