In this episode, Kim and Spencer explain lifestyle insurance and how to avoid the “lifestyle creep” problems that can happen as a salary increases and how you can create a strategy that works for you. 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!
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Links and Resources from this Episode
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- What’s Lifestyle Insurance? – 0:13
- The term Lifestyle Insurance – 1:07
- How does it work? – 1:51
- The cost of living – 3:37
- What’s so awesome about life insurance? – 3:59
- What happens when you are making more money? – 4:30
- What’s the Lifestyle creep? – 5:05
- How do you feel when you spend money and time? – 8:37
- Sustaining and maintaining the budget – 9:02
- What to do when you are on a lean time – 11:19
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