Today Kim and Spencer talk about the home equity line and how this is going to affect your finances. Should you use a HELOC to pay off your home? (Homeowners beware!) They also discuss whether it is something that you should be doing or not, stay tuned and learn from them!

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!

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Links and Resources from this Episode


Show Notes

  • Using Home Equity Credit Line – 0:34
  • Using the home equity credit line to pay your mortgage – 1:22
  • The Truth Concepts Software and Todd Langford – 2:19
  • Focusing on reducing your debt – 3:54
  • Refining your mortgage – 4:22
  • Talking about extra payments as a problem – 5:18
  • Running your life through the home equity credit line – 6:33
  • How to use Life Insurance as a better vehicle – 8:52
  • Not thinking with a prosperous mindset – 9:50
  • Building equity in your home is not a good strategy – 10:11
  • Building equity with a whole life insurance policy – 10:45
  • A smart plan: having a Life Insurance Policy – 12:30
  • Always using the Seven Principles of Prosperity – 13:47

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