The Prosperity Blog

Self-Service Life Insurance




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Along with advertising for automobiles and beer, there are several commercials in heavy rotation on cable TV channels for insurance. One ad features an animated “virtual world” where consumers can meet all their insurance needs with a click of a button on their computer. Another ad shows a make-believe insurance “grocery store” with consumers choosing their products off the shelf and paying at a check-out counter where they are met by a perky cashier.

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Understanding the Impact of Credit in the Economy

Most of us have a basic understanding of how credit and debt works based on our personal experiences. We borrow someone else’s money (the bank’s, the mortgage company’s, a friend’s), then we buy something and repay the lender with interest. That’s the basic formula: whether credit is for a house purchase, a car, or dinner at a restaurant. Whether credit is for a house purchase, a car or dinner at a restaurant, that’s the basic formula.

Likewise, the typical questions asked are as simple as, “Who will lend me the money, and can I afford the payments?” While important considerations, we also think there are equally important questions that people aren’t asking. And right now, the question on many people’s minds is, “What will happen to debt if the dollar inflates?

So let’s talk about debt–good debt, bad debt, inflation, and credit. How do these ideas fit together?

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Financial Pep Talk: 3 Ways to Step Boldly into 2021


First, take a deep breath. If 2020 has left you feeling “adrift,” you’re not alone. The changing world is a shared experience, one that we can navigate together. We think it’s time for a pep talk—so that you can shift gears and get that forward momentum you’ve been looking for. 

Within every challenge, there is an opportunity—so it’s time to start seeking opportunities! If you’ve been looking for a sign to do things differently, this is it. Below, we offer three steps to move boldly into 2021.

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SELF-INSURANCE: A DIY Project to Avoid!

Ever take pride in something you did on your own? It could be something as simple as preparing an expense tracking sheet or as involved as a home repair. American society celebrates those that are self-made. It’s why we hold entrepreneurs on a pedestal; like Steve Jobs that took Apple from a garage to the iconic company, it is today. The American dream still holds power today, founded on the principles of working hard, being self-sufficient, and tackling the world one day at a time.

But when it comes to insurance, is it the right choice to “do-it-yourself”? “Self-insurance” is the idea that one can insure themselves by simply building more assets. Unfortunately, the reality of “self-insurance” is that it is no insurance at all.

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The Impact Of NOT Paying Policy Interest When It Is Due – Episode 340

This is a different episode because Kim and Spencer have their video camera on! Today, they will talk about a course where you can learn more about whole life insurance. Kim will explain what the course is about and what you can learn from it, so stay tuned and enjoy!

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 Economics thinking and strategies today!

Do you have a question you would like answered on the show? Please send it to us at and we may answer it in an upcoming episode.

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