Apr 17, 2015
You’ve heard what the 7 Principles of Prosperity™ are, now how do you use them to maximize your money?
In this episode of The Prosperity Podcast, No B.S. Money Guy, Todd Strobel, and best-selling financial author, Kim D. H. Butler, examine a real life example through the lens of the 7 Principles.
Using the 7 Principles of Prosperity as an “opportunity filter,” Kim and Todd look at Bridge Loan investments in the form of first lien commercial and investment mortgages. (Read about bridge loan investments and hard money lending here.)
Breaking it down, principle by principle, Todd and Kim explain how each of these 7 concepts work in the example of a first lien mortgage situation. They also explain how to evaluate any investment for its wealth-building potential according to the 7 Principles of Prosperity™.
0:18 – Welcome with Todd Strobel
0:30 – Episode Preview
1:11 – Starting off with first lien mortgage loans
2:20 – Using the 7 Principles of Prosperity as an opportunity filter
2:35 – Applying Principle #1: Thinking about investments
4:53 – Applying Principle #2: Seeing from a big picture perspective
7:29 – Applying Principe #3: Measure opportunity costs
9:30 – Appling Principle #4: Cash Flow
10:49 – Applying Principle #5: Controlling your investment
12:20 – Applying Principle #6: Move your dollars
13:10 – Applying Principle #7: Multiply your money
13:39 – Touching on life insurance
14:05 – Optimizing your dollars
15:18 – Recapping/Clarifying
16:55 – Utilize our advice!
18:20 – Closing comments