In this 6th episode of Kim's seven blind spots of personal finance, Kim talks about a lie: "we invest before we save". We shouldn't invest before we save first. Kim also talks about the importance of teaching the young people to save first.
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Show Notes
- Kim talks about how we invest before we save - 2:27
- She talks about savings accounts called: Cash value life insurance - 3:09
- Kim explains to us the importance of saving - 3:49
- She talks about the cash value life insurance - 3:59
- It's savings that indicate liquidity and opportunity- 4:58
- Kim's recommendation: Dollars should be spent on needs - 5:37
- Kim talks about a cash flow calculator - 6:55
- She tells us the importance of saving - 8:30
- In the advisor section of the podcast we get to listen to John Householder at the 2018 Summit for Prosperity Economics Advisors - 9:07
- He talks about his favorite speaker on stage - 9:40
- He talks about one of his favorite conversations with an advisor - 10:51
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