Are you kidding?!? Life insurance? What does life insurance have to do with real estate – and how can it help a real estate investor succeed? Good questions! So we turned to one of the foremost experts on the creative uses of life insurance and learned how to add another powerful financial tool to our investor’s tool box. Check it out!
Backing the hearse up to the studio doors:
• Chief Undertaker and Show Host, Robert Helms
• Pallbearer for Hire and Co-Host, Russell Gray
• Hearse Driver and “The Godfather of Real Estate”, Bob Helms
• Non-traditional Financial Planner, Kim Butler
Let’s face it. Most people would cross the street to avoid a life insurance salesman. Who wants to spend a bunch of time talking about dying? Worse, who wants to spend money on a product you hope you never use – and when you do, all the benefits go to someone else? Yuck!
That’s what we thought until we met Kim Butler. Kim calls herself a “non-traditional” financial planner, which had us liking her right away. If “traditional” means turning your money over to the Wall Street Wizards to play with, we’re not fans. So we’re very interested in what Kim has to say.
Kim teaches what she calls “Prosperity Economics” and what it means to real estate investors. Sitting here wallowing in the Great Recession, “Prosperity Economics” sounds pretty good!
The first thing Kim tells us is that life insurance “done right” means benefits to the LIVING! What a great concept! She says rather than waiting to die to “enjoy” (we use the term loosely) the benefits of life insurance, she explains how life insurance is a powerful financial tool in the here and now. We like it.
One of our FAVORITE parts of the discussion is when Kim reveals how one particular type of life insurance has amazing similarities to real estate as a financial tool. Even better, she tells us how savvy investors actually use life insurance not as an investment, but as a cash management tool. Very interesting!
We came away with pages of notes – and are still hungry for more! Look for a follow up show on this intriguing topic in the near future.
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