The Prosperity Podcast: Recent Episodes
Kim D. H. Butler and Spencer Shaw
Take control of your money. Join Kim D. H. Butler, best-selling financial author, and Spencer Shaw, as they use their prosperity mindset to utilize wealth-building tactics. Learn about the 7 Principles of Prosperity and how to make your money work as hard as you do.
The Prosperity Podcast is the personal finance show for independent thinkers, investors, and business owners, who want off of Wall Street and out of the big banks. We teach listeners how to take control of their money and start living the life they choose NOW rather than waiting for retirement at some future date. There are 7 principles that when followed, lead to increased wealth and prosperity. We share the 7 principles and show you how they can help to create lasting results in your life.
Learn how you can use tools such as life insurance, entrepreneurship, and out-of-the-box thinking to build true, sustainable wealth. For more information and to get in touch, visit https://prosperitythinkers.com
In this episode of the Prosperity Thinker Podcast, Kim and Spencer tackle a listener’s query on wealth preservation across generations. Drawing on family tales and lessons, they explore why wealth seldom survives beyond three generations and share actionable strategies to change this. Learn how to instill enduring values, work ethics, and financial competence in kids through gigs instead of chores, a “three jar” system for financial literacy, and fostering open money discussions. Tune in for invaluable insights to nurture a legacy of prosperity.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
- https://www.marketwatch.com/story/why-wealth-rarely-survives-grandchildren-and-how-your-family-can-beat-the-odds-0ec8cb9d
- https://prosperityparents.com/
Show Notes
- Wealth rarely survives grandchildren.
- Shirt sleeves to shirt sleeves in three generations.
- First generation raises money; third generation forgets.
- Family communication and financial literacy as a foundation.
- A personal story of resilience from 4-H competitions.
- Instilling work values through storytelling.
- Prodigal son’s story and value of work.
- Creating “gigs” for children to learn work value.
- Teaching financial competence from childhood.
- The role of charity in family legacy.
Special Listener Gift
- Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
In this episode of The Prosperity Podcast, financial expert Kim Butler tackles myths surrounding the Infinite Banking Concept (IBC) and the Rockefeller Myth. She offers practical insights on finding a balanced financial strategy, highlighting the importance of understanding both high cash value and high death benefit life insurance approaches. A must-listen for anyone looking to enhance their financial literacy and make informed decisions tailored to their personal goals. Special segment on leveraging opportunities without overextending financially.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
Show Notes
- Beyond Infinite Banking: Middle Ground Approach
- Importance of Adding Term Insurance
- The Importance of Cash Availability
- Clarifying Personal Financial Goals
- Legacy and Values in Financial Planning
- Red Flags with Leveraging Assets
- Paying Back Loans with Profit
- Finding Balance Between Risk and Legacy
Special Listener Gift
- Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
This episode of the Prosperity Podcast explores the vital role of family councils in nurturing multi-generational wealth. Kim, an expert who penned the Perpetual Wealth book, shares practical advice on fostering financial literacy, responsibility, and prosperity among families. With engaging tips like the “quarter system” and “gigs” instead of chores, Kim provides actionable steps to inspire financial confidence and legacy planning, making this a must-listen for those keen on long-term family prosperity.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
Show Notes
- Societal reluctance to discuss money.
- Learnings as legacy beyond wealth.
- The need for healthy struggle.
- Importance of teaching responsibility through freedom.
- Quarter system for financial education.
- Multi-generational property and perspective.
- Impactful family council interactions.
Special Listener Gift
- Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
In this episode of the Prosperity Podcast, explore why financial simplicity is key and how complex legal and accounting structures often just profit attorneys, not you. Learn actionable tips on achieving a 23.5% savings rate, with a clear look at prioritizing cash flow and savings. Simplifying your finances isn’t just wise; it’s achievable. Tune in to get the most practical advice on streamlining your financial life!.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
Show Notes
- Simplifying decisions for better results.
- Families’ account complexity problems.
- The importance of cash flow control.
- Saving as a verb and a noun.
- Average savings rate: Ambitious predictions and reality.
- Defining personal financial runway.
- Don’t mix income with bill payments.
- Dealing with deceptive financial advice.
- Simplifying financial information for clarity.
Special Listener Gift
- Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
Tune in to the Prosperity Podcast for an incisive discussion on the Tuttle Twins, whose books are sparking debate and even getting banned for fostering independent thought. Host Kim highlights this controversy and challenges the standard notions of entrepreneurship and retirement. Essential listening for those ready to question mainstream financial beliefs!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
- https://x.com/cboyack/status/1916855662887489968
Show Notes
- Tuttle Twins controversy.
- Books banned for political views.
- Value creation vs. entitlement in children.
- The rise of entrepreneurship.
- Importance of not needing entrepreneurship for success.
- Retirement: A selfish act.
- Financial lies and the risk-reward myth.
- Gen Z and Millennials losing hope.
Special Listener Gift
- Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
Tune into this episode of the Prosperity Podcast as hosts Kim and Spencer take on a FINRA financial literacy quiz, highlighting key concepts like inflation, opportunity cost, and smart decision-making. Perfect for those eager to boost their financial savvy!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
- https://www.finra.org/
- https://www.usatoday.com/story/money/2025/04/19/american-consumers-inflation-financial-literacy-quiz-education/83145630007/
Show Notes
- Understanding Inflation and Interest Rates.
- Explaining Opportunity Cost.
- The Importance of Financial Calculators.
- The Truth About Car Payments.
- Creating a Financial Competency Quiz.
- Switching from Financial Literacy to Competency.
Special Listener Gift
- Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
In this episode of the Prosperity Podcast, explore real-world strategies to combat scarcity thinking with insights from the new book “Busting Scarcity Lies.” Discover how shifting mindsets can transform daily challenges into opportunities. Listen in for practical tips and inspiring stories to help you embrace abundance today!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
Show Notes
- Success of “Busting Scarcity Lies”
- Switching mindset about an unexpected situation
- Scarcity beliefs affecting creativity
- Frequency of scarcity thoughts
- Turning complaints into gratitude
- Using self-reflection for personal growth
- Importance of everyday practice
Special Listener Gift
- Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
Tune into the Prosperity Podcast for a fresh take on summer income for kids! Host Kim Butler shares practical tips to teach your children financial responsibility, while making summer chores engaging. Discover the 3 E’s—expectations, earnings, expenses—and transform your child’s summer learning. Perfect for unlocking more responsibility and freedom for kids aged 5 to 15!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
Show Notes
- Summer income for kids: introduction.
- Teaching kids the three Es: expectations, earnings, expenses.
- Differentiating between chores and earning opportunities.
- Encouraging kids to take on extra earning tasks.
- Implementing a system for savings, sharing, and spending.
- The importance of financial structure at home.
- Revealing a savings structure with Currents.
- Average savings rate of families using Currents.
- Encouraging parents to discuss financial responsibility with kids.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
Tune into this Prosperity Podcast episode as we explore the future of jobs in a world with AI and robots. Discover which tasks robots will handle and how we can work with AI to stay ahead. Plus, learn about lucrative work-from-home roles. Join us for insight and strategy!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
Show Notes
- Peter Diamandis’ vision on robot adoption.
- Benefits of robots for repetitive tasks.
- Human-robot collaboration: 24/7 work potential.
- AI’s role in job displacement and adaptation.
- Paid ChatGPT’s impact on productivity.
- AI’s role in creating presentations.
- Norman Rockwell-style image creation with AI.
- AI enhancing personal productivity.
- Leveraging Free ChatGPT for collaborative writing.
- Importance of introducing kids to AI.
- Resources for high-paying work-from-home roles.
- Retirement transition through flexible work.
- Encouragement to engage with AI advancements.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
On this episode of the Prosperity Podcast, host Kim explores the implications of tariffs, highlighting their short and long-term effects on the economy. Through a candid chat with her nephew about maple syrup and tariffs, Kim emphasizes staying solution-focused despite economic disruptions. She argues that, in the long term, such disruptions can strengthen the American market and urges listeners to find opportunities through service, leveraging their unique talents to thrive in challenging times. Tune in for a refreshing perspective on turning economic changes into growth opportunities!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
Show Notes
- Ignoring the news for a broader perspective.
- Personal story: maple syrup and tariffs.
- Emotional reactions to stock market fluctuations.
- Reallocating business focus: short-term vs. long-term.
- Tariffs’ impact on economies.
- Long-term benefits for American companies.
- Argentina case study: economic resilience.
- Opportunity during disruption: entrepreneurial mindset.
- Serving with purpose and community appreciation.
- Embracing shifts as a fresh start.
- Service as a lifelong commitment.
- Navigating careers in service with available resources.
- Encouragement for resilience and strength.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
In this episode of The Prosperity Podcast, hosts dive into the vital difference between building wealth and merely chasing returns. They discuss the common pitfall of focusing on high returns without considering the risk of loss, sharing insights on how to create a solid financial foundation. Tune in to learn why simplicity and security can lead to lasting peace of mind and financial control!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
- https://bustingscarcitymindset.com/
Show Notes
- Overemphasis on high returns
- Learning from investment losses
- The appeal of risk-free investments
- Simplicity in investment strategies
- Mutual life insurance advantages
- Delegation in business and life insurance
- Certainty in financial planning
- Negative guarantees in the stock market
- Importance of avoiding risky deals
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
Uncover your hidden money scripts and reprogram your mind for abundance in this episode of The Prosperity Podcast! Hosts explore tackling the scarcity mindset, emphasizing the power of resilience and simple shifts. Plus, learn about the inspirational children’s book, “The Boy, The Mole, The Fox, and The Horse.” Tune in for practical strategies and insights that promise to transform your financial journey. Join us for wisdom that spans generations!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
- https://www.amazon.com/Boy-Mole-Fox-Horse/dp/0062976583
Show Notes
- Busting the scarcity mindset.
- Generational scarcity mindset.
- Importance of teaching children prosperity.
- Family bonding through audio books.
- Recommended activities for resilience.
- Gratitude as an antidote to monotony.
- Upcoming book on scarcity mindset.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes. iTunes RSS
In this episode of The Prosperity Podcast, Kim discusses the complexities of 3% mortgages sparked by an engaging Reddit debate. Are such rates truly “golden handcuffs”? Explore how whole life insurance can be a savvy financial strategy. Tune in for actionable insights!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
- https://bustingscarcitymindset.com/
- https://www.reddit.com/r/personalfinance/comments/1iz5whk/3_mortgage_too_good_to_give_up/?rdt=62852
Show Notes
- Refinance troubles: the “golden handcuffs.”
- Debating the value of a 3% mortgage.
- The misconception of home equity accessibility.
- CLUE acronym for financial efficiency.
- Overlooked value of whole life insurance.
- Educating financial concepts through various media.
- The challenge and payoff of long-term financial learning.
- Understanding the importance of knowing your "why."
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
In this engaging episode of the Prosperity Podcast, dive into unconventional parenting and financial wisdom inspired by entrepreneur Naval Ravikant. Discover the balance of freedom and structure in raising competent adults, the importance of saving, and the parallels between reading and financial growth. With insights into long-term consequences and creative approaches to learning and finance, this episode is a must-listen for parents and prosperity thinkers alike. Explore the art of setting priorities for a richer, more fulfilling life!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
- https://bustingscarcitymindset.com/
- https://x.com/thefernandocz/status/1894142440388661385
Show Notes
- Norwegian saying: No bad weather, only bad clothing.
- The importance of setting priorities.
- Teaching consequences and trade-offs in finance.
- Reading and long-term financial habits.
- Impact of time on savings and finances.
- Time value of money in financial planning.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes. iTunes RSS
Dive into the Prosperity Podcast as we explore Kim’s new book, “Busting the Scarcity Mindset.” Learn why having a vision is as crucial as setting goals. Kim shares insights on visioneering—turning your dreams into reality. Pre-order bonuses await at BustingScarcityMindset.com!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
- https://bustingscarcitymindset.com/
Show Notes
- Vision as a core component.
- Combatting scarcity mindset.
- Importance of vision over goals.
- How to polish a fuzzy vision.
- Vision and lifestyle evolution.
- Realizing and articulating vision.
- Personal development and long-term vision.
- The talent of serving others.
- Expanding intellectual property.
- Money’s influence on life.
- Special bonuses for pre-ordering the book.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
Tune into the Prosperity Podcast to explore the real cost of “free” advice, especially in money matters. Discover how to filter out noise, build financial wisdom, and ensure your financial future. Listen to how communities shape prosperity for generations. Unmissable!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
- https://bustingscarcitymindset.com/
Show Notes
- The Hidden Element in Financial Advice
- Filtering Financial Advice
- Experiential Learning vs. Homework in Finance
- Long-term Financial Decision Making
- Alignment of Incentives in Advice
- The Prosperity Pledge Membership
- Community Participation and Feedback
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
Join the Prosperity Podcast as Kim explores high living versus high living costs, inspired by the Amish lifestyle. Discover how aligning your values can create your own version of a fulfilling life regardless of income. Plus, get a sneak peek at Kim’s upcoming book “Busting the Scarcity Mindset” for actionable financial insights. Perfect for anyone seeking purposeful living. Listen now!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
- https://www.eastvalleytribune.com/nation_world/article_6c41d7ea-ec84-11e0-99a6-001cc4c03286.html
Show Notes
- Defining high living by personal values.
- High living is not always monetary.
- Value-based living across diverse incomes.
- Merging values in relationships.
- Shift from single to dual-income households.
- Purposeful living vs. being pushed by the world.
- Personal reflection on thoughtfulness and values.
- Understanding love languages and being purposeful.
- Practicing graciousness and stepping back.
- Defining high living and understanding others.
- Crafting life with purposeful actions.
- Focused on being and doing.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
In this enlightening episode of the Prosperity Podcast, host Kim explores the power of saying “no” to financial demands from family. Discover how to tackle tricky money conversations without guilt or pressure. With insights from Randy Gage’s Twitter thread, listeners learn to identify manipulators and assist those genuinely struggling. Plus, the episode emphasizes the importance of an Emergency Opportunity Fund. If mastering finances and gaining peace of mind pique your interest, this is a must-listen!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
- https://x.com/Randy_Gage/status/1881357096161267892
Show Notes
- The challenge of saying “no” about finances.
- Kim’s parenting story: “Not Robby’s” method.
- Financial education gap for 40 to 60-year-olds.
- Identifying “professional victims.”
- “No amount of money will fix their situation.”
- Manipulators: “Endless emergencies” tactic.
- The importance of an emergency opportunity fund.
- Defining your family’s emergency fund number.
- Genuinely struggling people’s situations.
- Bruce Wilkinson’s “God pocket” concept.
- The principle of moving money for prosperity.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
Explore the intriguing link between minimalism and prosperity on this episode of the Prosperity Podcast. Discover how adopting a minimalist mindset in personal finance, like simplifying savings, can optimize your life and reduce stress.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
Show Notes
- Linking minimalism with prosperity.
- Personal definition of minimalism leads to prosperity.
- Financial minimalism and intentionality.
- Pitfalls of multiple savings accounts.
- Whole life insurance for lifelong utility.
- Optimization versus maximization.
- Risks of chasing maximum return.
- Financial losses in pursuit of maximizing.
- The mental impact of financial loss.
- Happiness between having too little or too much.
- Middle ground: Whole life insurance as minimalism and prosperity.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
Kim and Spencer celebrate the upcoming release of the book, “Busting the Scarcity Mindset”; featuring co-author Kristen Huggins. The discussion includes the importance of mindset in overcoming challenges, with personal stories that highlight resilience and growth. Don’t miss how they tackle scarcity thinking and why mindset is key to prosperity!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
Show Notes
- URL decision: Mindset vs. Mindsets.
- Importance of mindset simplicity.
- Overcoming scarcity thinking.
- Story of a 5-minute loss recovery.
- Personal impact of mindset shift.
- Overcoming childhood challenges.
- Learning from others’ hard experiences.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
Join the Prosperity Podcast as we explore “Wealth Accumulation vs. Wealth Enjoyment.” Discover why deferring happiness isn’t the answer and how aligning short-term and long-term goals can boost fulfillment. Perfect for those seeking balance between living for today and planning for tomorrow!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
Show Notes
- Society’s Materialism and Joyful Living
- Long-Term Thinking and Wealth Building
- Societal Constructs of Wealth Deferral
- Creator of 401K Regrets
- Millennials and Gen Z Living for Today
- The Pendulum: Past Deferment vs. Present Instant Gratification
- House of Both – Aligning Short and Long-term Goals
- Thriving with Alignment Instead of Balance
- Graduation Insights on Retirement
- The Trap of Over-Accumulation
- Shifting from External to Internal Happiness
- Insights for Wealthy and Youthful Generations
- The Importance of Serving and Gratitude
- Gratitude’s Role in Happiness and Spiritual Value
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
Tune into The Prosperity Podcast to kickstart your 2025 with a fresh money mindset! Discover the art of daily resolutions and the power of visualization. Host Kim shares tips on purposeful time management and how to stay on track when life goes sideways. Perfect for anyone eager to seize the year with focus and gratitude.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
Show Notes
- Calendar control vs. time management.
- Importance of time blocking.
- Daily resolutions over New Year’s resolutions.
- Strategies to reset a day gone sideways.
- Knowing yourself for effective resets.
- Visualization vs. goal-setting.
- Focus on desired outcomes, not fears.
- Importance of consistent bedtime and gratitude.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
Unlock the secrets of “stealth wealth” in this Prosperity Podcast episode. Join Kim as she reveals simple, automated strategies to quietly build and store wealth—no offshore accounts needed! Tune in for practical tips that promise financial growth beyond a quick fix!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
Show Notes
- Definition of “Stealth Wealth.”
- Automating financial habits like morning routines.
- Importance of long-term financial planning.
- Utilizing extra paychecks for wealth-building.
- The impact of fixed mortgage payments over time.
- Mortgages as a stealth wealth strategy.
- Explanation of “accumulation” in wealth-building.
- Storing savings: Whole life insurance benefits.
- Suggested resources for learning financial strategies.
- Learning from past financial practices of content wealthy individuals.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
In this episode of the Prosperity Podcast, Kim and Spencer unravel the vital principle of “money movement” in personal finance. Discover the common traps like retirement plans and mortgages where your money gets stuck. Learn actionable strategies for freeing your finances and optimizing every dollar’s potential. It’s a fresh take on making your money work for you, not the other way around!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
Show Notes
- Economic Principles for Personal Finance
- Historical Perspective on Economic Crises
- Problems with Lack of Money Movement
- Pre-Paying Mortgages and Money Stagnation
- Strategy for Keeping Money Moving
- Financial Institutions’ Impact on Money Strategies
- Tax Issues with Compounding Gain
- Call to Stop Pre-Paying Mortgages
- Benefits of Whole Life Insurance for Money Movement
- Control and Effective Growth Strategies
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
Join the Prosperity Podcast for an exclusive reveal of “Busting the Scarcity Mindset” by Kim and co-author Kristin Huggins of Joyful Communications. Discover the book’s creation journey, its transformative ideas, and take part in shaping its title! An unmissable episode for those keen to shift their thinking from scarcity to abundance.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
Show Notes
- New book title debate: scarcity mindset or mindsets?
- Listener poll: singular or plural mindset?
- Writing journey without journaling.
- Busting scarcity mindsets is a daily practice.
- Crafting the book’s table of contents framework.
- Co-author collaboration and storytelling.
- Diverse writing process and author roles.
- Embracing an 80/80 approach to writing.
- Unique launch strategy with Amber Villauer.
- Seeking book promoters for a global reach.
- Book’s universal appeal, beyond finance.
- Engaging audience in the book’s creation process.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
In this episode of the Prosperity Podcast, explore the future of finances as Kim unpacks why it’s time to rethink your relationship with banks. Delve into the realms of digital payment systems, money markets, and the enduring stability of the life insurance industry. Discover how open-minded investing can safeguard your wealth and keep you ahead of the curve! Tune in for insights that could redefine your financial strategy!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
- https://www.amazon.com/stores/Kim-D.-H.-Butler/author/B00523N6HE
Show Notes
- Banks no longer reliable?
- Civil forfeiture: banks’ hidden power.
- Other places to store wealth.
- Cashless bank branches in Australia.
- Little-known risks of money markets.
- Oldest financial industry: life insurance.
- Insurance companies on blockchain?
- Potential of blockchain in finance.
- Increasing relevance of Bitcoin and blockchain.
- Prepare to break up with banks.
- Open-mindedness key to financial innovation.
- Learning about life insurance industry.
- Wisdom and growth through financial adaptation.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
In this episode of the Prosperity Podcast, learn how ChatGPT can be a powerful tool for building wealth. Hosts Kim and Todd explore innovative ways to use AI, from generating side hustle ideas to crafting personalized budgets. Discover how AI can extract insights, enhance decision- making, and accelerate your financial journey. This engaging discussion highlights practical steps for using technology and wisdom to increase prosperity effortlessly. Don’t miss the chance to blend cutting-edge AI with practical financial tips!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
- https://www.amazon.com/stores/Kim-D.-H.-Butler/author/B00523N6HE
- https://www.kolbe.com/?kapcode=P2R0S3P
Show Notes
- Wealth through ChatGPT.
- Private GPTs for personalized insights.
- Favorite recent ChatGPT task.
- Daily use of ChatGPT.
- OpenAI-enabled conversational necklace.
- ChatGPT and wealth generation.
- Wisdom vs. knowledge from ChatGPT.
- Importance of human element in finance.
- Tiny steps build wealth.
- Capturing financial differences over time.
- Surprising mortgage savings example.
- Capture extra paychecks.
- Removing noise for younger generations.
- Applying Kolbe profile for decision-making.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
Tune into this episode of The Prosperity Podcast as we discuss the importance of the Beneficial Ownership Information (BOI) filing, a significant yet often overlooked government requirement. Discover how it impacts privacy, freedoms, and what you can do to protect your financial information. Don’t miss insights on safe havens like life insurance and trusts, offering valuable privacy benefits. For business owners and freedom lovers, this episode is your wake-up call!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
- https://www.amazon.com/stores/Kim-D.-H.-Butler/author/B00523N6HE
Show Notes
- Government Overreach and Privacy Concerns
- Limited Liability Companies and Information Control
- Life Insurance as a Haven for Privacy
- Mutual Life Insurance Companies vs. Public Companies
- The Fourth Amendment and Privacy Rights
- Civil Forfeiture Awareness
- Evaluating Personal Freedoms and Privacy
- Importance of Discussing Ownership and Privacy with Family
- Encouragement to Take Action on Ownership and Insurance
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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In this episode of the Prosperity Podcast, dive into the art of end-of-year goal-setting with host Kim. While most wait for January, Kim shares why the end of the year is her prime time for productivity. Discover her frameworks for setting smart goals, fueled by gratitude and accountability. If you’re eager to rethink when and how to start your goals, this episode is a must-listen to get motivated and make the most of the year’s end!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
- https://www.amazon.com/stores/Kim-D.-H.-Butler/author/B00523N6HE
Show Notes
- End-of-year goal-setting timing.
- The benefit of focusing on big projects.
- Gratitude as a catalyst for productivity.
- Upcoming project: book revisions and marketing.
- Vision, goals, and accountability framework.
- Importance of sharing gratitude.
- Starting goals before January.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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Unlock the secrets of sustainable wealth transfer in this enlightening episode of the Prosperity Podcast! Explore how it’s not just about passing on money, but instilling values and creating meaningful connections across generations. Discover practical strategies and the transformative impact of life insurance, inspired by the Rockefeller family method. A must-listen for anyone wanting to leave a lasting legacy beyond wealth.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
- https://www.amazon.com/What-Would-Rockefellers-Do-Wealthy/dp/1717167160/
Show Notes
- Values over money: what you leave in them.
- Introduction to the Rockefeller Method.
- Generational wealth: Using whole life insurance.
- The importance of values in wealth transfer.
- Communicating values to children and grandchildren.
- Engaging teenagers with responsibility and values.
- Importance of sharing personal stories.
- Technology’s limitation in wealth transfer.
- Tiny habit: Purposeful conversations.
- Creating space for meaningful discussions.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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Tune in to the Prosperity Podcast episode on “Batteries Included, Brains On” to discover the secret to energized relationships and work life. Host Kim shares insights from Dan Sullivan on bringing energy and focus to every task. Learn how to recharge your mental batteries and be fully present. It’s a game-changer for anyone aiming to maximize personal and professional fulfillment!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
Show Notes
- Batteries included, brains on concept.
- Dan Sullivan’s relationship insight.
- Importance of energy in relationships.
- Recharging the “battery pack.”
- Concept of “free days.”
- Weekend preparation mindset.
- “Brains on” for focus.
- Listening actively in silence.
- Impact of overstimulation.
- Practicing silence for results.
- Kim’s battery brain recipe.
- Mindfulness over wealth.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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Join the Prosperity Podcast for a heartwarming episode where we explore Brad Aronson’s “HumanKind” and its inspiring tales of small acts of kindness that create big changes. Learn how shifting focus from receiving to giving can transform lives, exemplified by a story of a teacher who helped a one-handed child tie his shoes. Perfect for anyone seeking uplifting and practical insights into fostering positivity and community impact. Don’t miss this engaging discussion that could enrich your perspective on generosity!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
- https://www.amazon.com/HumanKind-Change-World-Small-Time/dp/192805563X
Show Notes
- Book Recommendation: “HumanKind” by Brad Aronson
- Transforming Santa Claus Tradition
- Encouraging Children as Givers
- Shoelace Story: Overcoming Challenges
- Applying the One-Handed Technique
- Financial Structure: Currents App
- Importance of Long-Term Perspective
- Incorporating Behavioral Change in Finances
- The Power of Yet
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
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This episode of the Prosperity Podcast dives into the unique habits and mindsets of America’s 1%, featuring insights from Kim Butler. Discover how they focus on cash flow over net worth, invest in themselves, and maintain financial discipline. Learn why tiny habits and long-term efficiency are key to prosperity. Whether you’re looking to manage wealth or understand affluent strategies, this episode offers invaluable takeaways in a straightforward, actionable manner. Tune in for a practical guide to financial thinking at a higher level!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity. 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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
Show Notes
- Focus on Cash Flow Over Net Worth
- Investing in Self to Provide Value
- The Power of Incremental Habits
- Tortoise and the Hare: Wealth Creation
- Leveraging Business Collaborations
- Principles Wealthiest Avoid: Three Key Points
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
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Tune into the Prosperity Podcast for a refreshing episode about cutting through the noise in turbulent times. Kim shares practical tips for focusing on your strengths and nurturing 10X thinking. Perfect for those seeking clarity amid chaos.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
Show Notes
- Signal vs. Noise.
- Not Participating in Negativity.
- Strengths Overcomes Noise.
- Staying Focused on Value Creation.
- Measuring Progress, Not Gap.
- Identifying 10X Opportunities.
- Seeking Signal Amidst Noise.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
Tune into the Prosperity Podcast as we journey back to early 2020 with Kim Butler. Discover how drastic shifts in savings habits can prepare you for both emergencies and opportunities. Learn why saving isn’t just crucial—it’s transformative. Don’t miss this insightful episode!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
Show Notes
- Time Machine to Early 2020
- U.S. Savings Rate History
- Saving as a Verb
- Automatic Savings Structure
- Impact of Poor Saver’s Life
- Opportunity Blindness Due to Stress
- Margin Call Story
- Acquiring Business for $1
- Wisdom for Younger Savers
- Seeing Beyond the Paycheck
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
Tune in to the Prosperity Podcast as Kim offers her no-nonsense insights on current mortgage rates and refinancing. With a straightforward perspective, she shares the importance of locking in a fixed rate and compares it to life insurance’s long-term benefits. Get financial wisdom for today and future clarity!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
- To be invited into Currence send an email to hello@prosperitythinkers.com with the subject line: Currence
Show Notes
- Historical perspective on mortgage rates.
- The value of a 30-year fixed mortgage.
- Comparing mortgage rates to past decades.
- Locking in mortgage rates below 8%.
- Life insurance and long-term financial planning.
- Understanding the impact of present value math.
- The desire for wealth and financial freedom.
- Personal experience with wealth in early career.
- Advice for young investors: don’t fear high values.
- Importance of preserving principal.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
In this episode of The Prosperity Podcast, learn how small financial tweaks can yield big long- term gains. Fresh from a top financial advisors’ event, Kim shares surprising money habits that can transform your financial future. It’s all about saving as a verb!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
- To be invited into Currence send an email to hello@prosperitythinkers.com with the subject line: Currence
Show Notes
- Saving as a verb vs. a noun
- Savings linked to control
- Importance of monthly cash flow control
- Capturing extra dollars can mean millions
- Smoothing income fluctuations for business owners
- Conscious choices during high-income months
- Reducing decision fatigue with fewer financial sessions
- Prosperity Pledge Membership benefits
- Tax planning reminder for the end of the year
- Wealthy individual prioritizes cash reserves
- Prep now for future opportunities
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
On this episode of the Prosperity Podcast, special guest Teresa Sheridan, an expert from Prosperity Thinkers, breaks down the complexities of life insurance. With nearly 20 years in the field, Teresa shares a step-by-step guide, from policy inception to usage and renewals. If you’re confused about whole life insurance, this episode is a must-listen for clear insights and practical advice. Teresa’s expertise in designing policies tailored to individual needs will help you navigate insurance decisions with confidence. Tune in to understand the full spectrum of life insurance and plan effectively for the future!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
- Connect with Special guest Theresa Sheridan from Prosperity Thinkers
- theresa@prosperitythinkers.com
Show Notes
- Overview of the podcast’s topic.
- Teresa’s 20-year experience with Prosperity Thinkers.
- Common points in the life insurance process where clients get hung up.
- Complexity of whole life insurance.
- Strategies to make whole life insurance understandable and appealing.
- Importance of long-term thinking in life insurance.
- Explaining whole life insurance benefits including long-term care.
- Floor and ceiling concept for policy design.
- Convertible term for maximum future flexibility.
- Importance of not just cost but value in insurance planning.
- Use of illustrations in life insurance for projections.
- Checking in regularly with clients to update their policy based on life changes.
- Encouragement for listeners to start conversations to understand their insurance needs.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
In this episode of the Prosperity Podcast, hosts Kim and Spencer unpack the hidden costs of private wealth management and the impact of fees on your long-term financial health. Discover why traditional wealth managers may not be worth their fees and how opportunity costs can erode your wealth. Kim uses real-life scenarios to highlight the staggering effect these fees can have over a 30-year period. Essential listening for anyone looking to take control of their financial future!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
- https://x.com/moizali/status/1831063524707369424?s=12&t=Wx4UH3H0WqT4Xg1RSCK9hA
Show Notes
- Defining private wealth
- Hidden cost of fees
- Long-term impact of fees
- Example of compounding fee costs
- Opportunity cost of fees
- Misunderstanding fee impact
- Critique of private wealth management
- Misaligned incentives in wealth management
- The illusion of unique advisors
- Automated trading vs. human managers
- Monkey with darts analogy
- Misalignment of interests with clients
- Importance of liquidity and cashflow
- Differentiating prosperity thinking from wealth management
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
On this episode of the Prosperity Podcast, Kim unravels the mystery behind financial bubbles and dispels misconceptions fueled by the media. Learn vital strategies to manage cash flow and liquidity, and hear firsthand stories of those who thrived and those who ailed during past bubbles. Discover the power of a prosperous mindset and practical steps to ensure your financial resilience. A must-listen for anyone seeking financial stability and growth!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
- https://prosperitythinkers.com/wealth/cagr-vs-average-annual-return/
Show Notes
- Interest rates and their misunderstood impact.
- Financial bubbles and the math behind averages.
- People’s reactions to financial uncertainty.
- Importance of thinking long-term in personal finances.
- Addressing real estate bubbles and market conditions.
- Principle of thinking prosperously.
- Lessons from the 1980s savings and loan crisis.
- Cash flow and liquidity during financial crises.
- Wealthy individuals’ strategies during economic downturns.
- Effects of greediness and lack of proper cash flow.
- Providing perspective and support during financial crises.
- Role of liquidity and cash flow in financial strategy.
- How financial strategists can help provide clarity and air.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
In this must-listen episode of the Prosperity Podcast, Kim Butler breaks down the critical question, “Where do you store your cash?” Drawing from 30+ years of financial expertise, Kim shares invaluable insights on the distinction between savings and investments, dismissing the common pitfall of chasing fleeting interest rates. Instead, she highlights the stability of whole life insurance from mutual companies as a superior cash storage solution. Tune in to grasp how you can secure your financial future with confidence and peace of mind.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
Show Notes
- Savings versus investments distinction.
- Chasing interest rates is futile.
- Whole life insurance as a cash storage solution.
- The impact of liquidity on quality investment opportunities.
- Context of cash-heavy trends in the financial community.
- The importance of clarifying emergency fund levels within families.
- Advising against frequent changes in liquid accounts due to interest rates.
- Mutual Life Insurance as a safe, reliable liquid storage option.
- Misunderstandings and misinformation about whole life insurance.
- The value of long-term financial products over short-term solutions.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
In this engaging episode of the Prosperity Podcast, meet Emma Herman in her debut appearance. Dive into her unique journey from maxing out a 401k to leveraging whole life insurance for real estate investments. Gain valuable financial tips and discover what being a Prosperity Thinkers means to her. A must-listen for fresh perspectives on financial freedom!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
- Connect with Emma Herman
- emma@prosperitythinkers.com
Show Notes
- Emma’s interest in personal finance sparked by fiancé.
- Fascination with life insurance for real estate leverage.
- Transition from traditional 401k to whole life insurance policy.
- Emma’s approach to leveraging life insurance for real estate.
- Description of Emma’s real estate investments.
- Balancing real estate investments with life insurance repayments.
- Advice to friends and peers about affording property.
- Explanation of financial discipline and transitioning strategies.
- Emma’s role in advising personal financial strategies with insurance.
- Importance of tailoring advice to individual financial stages.
- Emma’s definition and view of Prosperity Thinkers.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
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On this episode of the Prosperity Podcast, financial expert Kim Butler reflects on the advice she would give her 18-year-old self. From earning and saving money early on to understanding the value of hard work, Kim shares invaluable lessons. Spencer also chimes in with his experience, making it a discussion rich with practical insights. Whether you’ve been handed financial opportunities or have earned them through hard work, this episode emphasizes the importance of gratitude and leveraging your resources wisely. Tune in for an inspiring and actionable conversation!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
Show Notes
- Kim’s early financial journey: Milk money and college without debt.
- Financial habits: The importance of work and saving.
- Challenges today: Kids and early work opportunities.
- Spencer’s background: Music career and Silicon Valley insights.
- Seeing opportunities and racing to them.
- Relationship dynamics: Earning vs. being given financial support.
- Observations in college: The difference in student behaviors based on financial backgrounds.
- Finding communities within college based on financial responsibilities.
- Crossing over: Being responsible regardless of financial background.
- Key advice: Gratitude and leveraging opportunities.
- Managing inherited and earned wealth: Tips for listeners.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes. iTunes RSS
Join Prosperity Thinkers for an enlightening discussion on the power of ordinary actions in achieving extraordinary results. Inspired by a tweet from a business influencer, Kim and Todd Langford share insights from their 30-year careers and emphasize the importance of consistent, “boring” inputs to succeed in personal finance and beyond. Discover practical steps to improve your financial health and relationship with money. A must-listen for anyone seeking long-term prosperity!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- http://prosperityparents.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
- https://x.com/i/bookmarks?post_id=1818630283219833115
Show Notes
- Tweet highlighting boring inputs lead to exciting outputs.
- Personal experiences in long-term careers.
- Essence of boring yet essential financial products.
- Drawing parallels between life insurance and personal finance.
- Human behavior in finance: science vs. art.
- Importance of consistent, repetitive actions for success.
- Fast-food society vs. the need for patience.
- Balancing quick starts with the need for systematic work.
- Essential element: saving or paying yourself first.
- Long-term cash flow management’s critical role.
- Combining technology and traditional methods in saving.
- The impact of inflation on long-term finances.
- Relationship with money: prosperity mindset.
- Fear-based modes and wealthy individuals.
- Power dynamics in financial capability.
- Fear-based financial planning and its consequences.
- The detrimental notion of retirement.
- Wealthy individuals’ philanthropy and ulterior motives.
- Short-term vs. long-term financial gains.
- Encouragement for listeners to aim for long-term financial stability.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
In this episode of the Prosperity Podcast, Kim and Spencer dive into back-to-school routines with practical tips for families. Learn about the three essential E’s: Expectations, Expenses, and Extra Pay, and how these can foster financial competency in kids. With Kim’s unique insights from being raised by teacher parents and her experiences as a community leader, this episode offers actionable advice to help young families navigate financial lessons at home. Perfect for parents looking to instill valuable life skills in their children!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://prosperitythinkers.dinnertable.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
Show Notes
- The “three Es” for back-to-school routines.
- Kim reflects on the importance of financial competency over financial literacy.
- Starting expectations without monetary reward.
- The significance of teaching children about expenses.
- Extra pay for additional tasks and fostering a work ethic.
- Practical application of pay rates and job evaluations.
- Encouraging entrepreneurial thinking in children.
- Using project-based payments to teach value of work.
- Communicating new routines effectively within the family.
- Recalibrate routines and habits as the seasons change.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
Dive into The Prosperity Podcast as financial expert Kim Butler breaks down the art of true financial literacy! Discover why just picking stocks or cryptos isn’t enough and what schools often miss. Learn about practical tools like Truth Concepts calculators and how to teach kids real-world money skills through fun and engaging activities. Essential listening for anyone wanting to master their finances and impart valuable knowledge to the next generation!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://prosperitythinkers.dinnertable.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
- www.truthconcepts.com
Show Notes
- High school misconceptions about financial literacy.
- Young adults equating financial literacy to picking cryptocurrency.
- Time value of money explained.
- The inadequacy of basic calculators for financial calculations.
- Teacher competency in financial literacy.
- The influence of financial institutions on education.
- Importance of financial competency.
- Hands-on approach: Teaching kids about income and expenses.
- Practical lessons – grocery shopping as a financial exercise.
- Cashflow lessons for kids.
- Earning and spending – learning the value of money through chores and gigs.
- Differentiating good and bad debt.
- Leveraging cash flow and understanding different types of debt.
- Human leverage – outsourcing tasks.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
This episode tackles the provocative idea of “retirement” as a detrimental societal construct. Kim reveals why rethinking retirement is crucial, emphasizing longevity, meaning in work, and financial strategies. Perfect for anyone re-evaluating their future!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://prosperitythinkers.dinnertable.com/
- https://prosperitythinkers.com/action/
- https://www.youtube.com/@KimDHButler
Show Notes
- Origin and negative impact of the concept of retirement.
- Importance of finding meaningful work regardless of age.
- Story about college graduates’ views on retirement.
- The impact of longevity on retirement planning.
- Egaging with energy as a means to sustain vitality in old age.
- Inflation and its impact on financial planning for older age.
- Encouragement to use a portion of savings to pursue new work or investments.
- Importance of finding work that aligns with your God-given talents.
- Shifting to online education to reach a broader audience and create a more sustainable business model.
- Encouragement to join like-minded communities for mutual support and learning.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
Kim and Todd tackle the impact of major events on families and illustrate how to lead through change effectively. They explore strategies for maintaining a positive mindset, preparing physically and financially, and teaching leadership skills to children during crises. Kim shares practical tips on creating “go-bags” and ensuring emergency funds, making this episode invaluable for anyone looking to bolster their family’s resilience. Tune in for a thoughtful guide on steering your loved ones through life’s unexpected challenges.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://prosperitythinkers.dinnertable.com/
- https://prosperitythinkers.com/action/
Show Notes
- Changes in leadership: Huge recent announcement.
- Impact on presidency and technology: Not just politics.
- Response to events: Be a learner, not a gossiper.
- Adjusting mindsets: Critical first step.
- Skill in mindset adjustment: Personal anecdotes.
- Importance of go bags: Be prepared.
- Emergency fund necessity: Good decision-making.
- Trauma response: Grow or shrink.
- Leadership during serious events: Key strategies.
- Who your family follows: Importance of positive leadership.
- Teaching children leadership: Practical steps.
- Memorizing critical info: Leadership prep.
- Leadership skills: Choose what to pay attention to.
- Identifying good leaders: Teach children.
- Being a follower: Equally important skills.
- Awareness and responsibility: Impact on families during leadership changes.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes. iTunes RSS
Kim dives into guiding young adults on foundational financial habits, focusing on the critical aspects of saving and basics of alternative investments. Discover why accumulating liquid savings is vital before diving into riskier options. Engaging and insightful, this episode equips you with strategies for building a stable financial future. Worth a listen for practical advice and motivation!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://prosperitythinkers.dinnertable.com/
- https://prosperitythinkers.com/action/
Show Notes
- Adult children and finances.
- Definition of accredited investors.
- Minimum investments in alternative assets.
- Focus on savings over interest rates.
- Different forms of saving.
- Learning about yourself and investments.
- Importance of a growth mindset.
- Changing perspective on failure.
- Bicycle accident as a learning metaphor.
- Holistic view of investments and cash.
- Emergency funds for young adults.
- Timeframe to build emergency funds.
- Advice against going all-in on investments.
- Importance of savings habits.
- Using education to pick investments.
- Example of a young couple investing in real estate.
- Different investment paths for young professionals.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
In this episode of the Prosperity Podcast, Kim dives into essential tax tips learned from a recent conference with renowned tax professional, Tom Wheelwright. Discover why labeling your education expenses correctly and securing 1099 income can optimize your finances. A must-listen for insightful tax strategies!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
- https://www.wealthability.com/
Show Notes
- Tax conference anecdote with Tom Wheelwright.
- Key tax tip: Seminars vs. continuing education.
- 1099 income benefits and importance.
- Home office deduction details.
- Real estate professional status benefits.
- Real estate activity requirements for deductions.
- Potential downsides of relying on real estate professional status.
- Todd’s insight on analyzing real estate deals.
- Prosperity mindset and tax strategies.
- Using 1099C to address unpaid debts.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
Help your adult kids master finances without just writing checks! In this episode, Kim Butler shares valuable insights on coaching your children aged 18+ on money matters, from saving and insurance to smart investments. Essential advice for parents wanting to raise financially savvy adults.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- Importance of discipline from a young age
- Strategy for engaging with adult children about finances
- First paycheck as a teaching moment
- Establishing a long-term relationship for financial conversations
- Apologizing for not discussing finances earlier
- Essential financial concepts: saving, insurance, medical power of attorney
- Specific example on savings: Automating finances
- Importance of medical power of attorney for adult children
- Comprehensive discussion about insurances with adult children
- Understanding interest rates and the actual financial impact
- Clarification on the difference between mathematical averages and actual returns
- Basic steps for young adults to start investing
- Setting up a whole life insurance policy as an investment
- Encouraging young adults to consider homeownership
- Adding an adult child as an authorized user on a credit card
- Teaching patience and financial principles to young adults
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
Dive into the latest episode of the Prosperity Podcast where we discuss modern wealth-building strategies! Learn how AI tools like the Currence app can revolutionize your savings by gamifying cash flow control. Maximize your financial habits and save more effortlessly. Don’t miss this game-changer!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- Leveraging AI for modern financial education.
- The innovation of cash flow control.
- Budgeting myths and practical advice.
- Behavioral finance: Dopamine hits from saving.
- Currence app: A tool for effective cash flow management.
- Remarkable savings statistics with Currence app.
- Currence app’s impact on saving habits.
- The ease and time efficiency of Currence app.
- AI in interior design and real estate.
- AI replacing full-time roles with efficiency.
- One-sheet financial summary for better management.
- Holistic view of personal finance.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
Dive into today’s Prosperity Podcast episode on market volatility, especially relevant during election years and the AI surge. Kim and the host discuss how to leverage volatility as an opportunity rather than a setback, emphasizing the importance of understanding actual returns versus averages. They explore the balance between certain, stable investments like life insurance and riskier, potentially higher-yield options. Tune in to learn how to navigate financial turbulence with confidence and strategy!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
- www.livecurrence.com
Show Notes
- Discussion on market volatility.
- Volatility in life and finance.
- Difference between average and actual.
- Sequence of returns explained.
- Real-world examples of market changes.
- Balancing certainty with risk.
- The importance of diversification.
- Time and its impact on finance.
- Influence of inflation over time.
- Misaligned perspective on lifespan.
- Adapt to longevity and finance.
- Inflation-protected assets: mortgages and insurance.
- Encouragement for proactive financial steps.
- Post-depression prosperity and future outlook.
Special Listener Gift
- Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
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Dive into the Prosperity Podcast as Kim Butler explores the truth behind the dollar’s value, sharing insights on managing financial fears and avoiding economic misinformation. Listener-driven and packed with practical advice, this episode will empower you to think critically and make informed financial decisions. Perfect for growth-minded individuals!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity. 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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- Emphasis on thinking for oneself.
- FBI and police study of real dollars.
- Example of Japan’s currency issue.
- Argentina’s extreme inflation.
- Addressing financial fears.
- Decision making from fear.
- Impact of comparison in financial decisions.
- Control what you can in finances.
- Central Bank Digital Currency (CBDC) concerns.
- Simplifying and streamlining financial life.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
In this eye-opening episode of the Prosperity Podcast, Kim Butler unpacks the “illusion of liquidity”, revealing what liquidity truly means, why it’s crucial in volatile markets, and how to structure your finances for genuine liquidity using whole life insurance. Perfect for anyone keen on understanding the real value of liquid assets and steering clear of common financial pitfalls!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- Importance of quick access to cash
- Definition of liquidity
- Unpacking the meaning of being liquid
- Permission barriers to liquidity
- Example of home equity lines of credit as illiquid
- Fire-selling assets and liquidity consequences
- The illusion of control over liquidity
- Liquidity in cryptocurrency
- Tax burden implications of liquidity
- Emergency funds and tax efficiency over a lifetime
- Cash value of whole life insurance as a solution
- Control and tax benefits with life insurance cash value
- Borrowing against life insurance for liquidity
- Liquidity versus return on investment
- Total rate of return on stocks and bonds
- Factors reducing actual returns: Fees, taxes, and opportunity costs
- Effects of interest rate adjustments on bond value
- Encouragement to evaluate liquid assets for tax efficiency
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
In this episode of the Prosperity Podcast, Kim and Spencer dive into the world of personal finance, sharing compelling success stories. From the couple simplifying their 11 savings accounts to an accredited investor’s journey of balancing high-risk investments, there’s invaluable advice for everyone. Learn how to streamline your savings, gain cash flow control, and build lasting wealth without the stress. Perfect for listeners of all ages aiming to enhance their financial strategies. Tune in for practical tips and inspiring stories!.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- Bill and Pam Case Study: Overcomplicated Savings
- Simplification of Savings Strategy
- Shift to Life Insurance for Consistent Growth
- Motivation Through Small Savings Milestones
- Savings Discipline as Key to Overcoming Consumer Fear
- Impact of Simplified Cash Flow Management
- Ron’s Admission: Losses in Alternative Investments
- Parallel Insurance Policies with High-Risk Investments
- Slow and Steady Financial Strategy Benefits
- Importance of Cash-Flowing Investments vs. Growth-Oriented Investments
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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In this Prosperity Podcast episode, discover how renters can navigate financial hurdles and strive for homeownership amidst economic challenges. Unusual Whales’ research dives into politicians' investment patterns as a path to savvy wealth building. Kim Butler's expertise shines through as she unpacks emotional and financial intelligence needed for home buying—and offers effective savings strategies to turn home ownership dreams into reality. Tune in for actionable insights!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
- https://twitter.com/unusual_whales/status/1787490501756895487?s=46&t=Wx4UH3H0WqT4Xg1RSCK9hA
Show Notes
- Concerns About Home Ownership Accessibility.
- Discussing the Importance of Homeownership in Wealth Building.
- Efficiency and Plugging the “Rent Hole” in Your Finances.
- Emotional Intelligence and Homeownership Decisions.
- Simplifying Savings to Achieve Home Ownership.
- Structured Approach to Saving and Overcoming Spending Habits.
- Shifting Mindset from “I Can’t” to “How Can I”.
- Systems for Saving and the Importance of Hope in Financial Goals.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
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Unlock the secrets to becoming an accredited investor with our latest Prosperity Podcast episode! Expert Kim shares actionable steps and knowledge on achieving this financial milestone—no products, just pure insight. Learn key definitions, why liquidity matters, and strategies for smart saving. Tune in to level up your investing game!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- Defining accredited investor status.
- The importance of liquidity for accredited investors.
- Series 65 as an alternate route to accredited investor status.
- Strategies to build liquidity for investment opportunities.
- Considerations for 401(k) contributions and liquidity.
- The strategy of 'paying yourself first.'
- Utilizing non-retirement account investments for liquidity.
- Creating wealth through business and real estate involvement.
- The importance of transactions in wealth creation.
- Steps to take when approaching accredited investor status.
- The benefits of learning about accredited investments.
- Focusing on specific investment areas as an accredited investor.
- Kim's advice: Go slow and start small to minimize principal loss.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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Dive into resilience with Kim on the Prosperity Podcast! Amidst global uncertainties, we discuss CS Lewis' wisdom on thriving—not just surviving—in challenging times. From mindset shifts to practical financial safety nets, this episode is packed with strategies for a calm, proactive approach to life's chaos. Tune in for a life-affirming session!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- Embracing Prosperity Thinking Amid World Chaos.
- Managing Fear with a Positive Mindset in Uncertain Times.
- CS Lewis on Living in an Atomic Age - Choosing Life Over Fear.
- Navigating Business Shifts and Personal Growth.
- Enforcing Daily Gratitude Practice for Clarity and Opportunity.
- Parenting as an Act of Service and Purpose.
- The Importance of Serving and Continuous Self-Improvement.
- Balancing Work with Rest and Continuous Personal Development.
- Encouraging Love for Work and Lifelong Labor.
- Redefining Retirement as Pursuit of Freedom and Independence.
- Must-Have Safety Nets: Disability Insurance, Life Insurance, Trusts.
- Building an Emergency Opportunity Fund for Liquidity and Peace of Mind.
- The Significance of Community and Relationships in Challenging Times.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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Embrace financial wisdom with Kim Butler, a Robert Kiyosaki-recommended guru! With a passion for truth in finance, Kim busts budgeting myths in her new book, "Busting the Budgeting Lies." Discover how to align money with life, not math, and transform your cash flow confidence. Tune in to stop the guilt treadmill and start saving smarter.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- Kim Butler's introduction and endorsement by financial figures.
- The concept of "Busting the Budgeting Lies" and its relevance to personal finance.
- Challenging the effectiveness of budgets in real life.
- The myth that saving first doesn't work in today's world debunked.
- Personal story on saving first through life insurance premiums.
- Introduction to the "Currence" app for cash flow management.
- How "Currence" helps to measure financial progress backwards.
- The potential impact of properly managed cash flow over a lifetime.
- Utilizing technology to control and enhance personal finance.
- Final advice for business owners to balance personal finances with business success.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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Unveil the millionaires' playbook! In this episode of the Prosperity Podcast, expert Kim delves into 9+ strategies on how wealthy families build and shield their wealth—and their kids' future. From tax-savvy trusts to the controversial 529 plans, discover actionable methods to enhance financial literacy and capability in your household. Bonus: Kim reveals a "silver bullet" often missed by many! Perfect for parents & future planners. Tune in now!
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, that as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers' thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
- https://twitter.com/FluentInFinance/status/1782561174472507667
Show Notes
- Tax strategy: Follow or not follow the tax code?
- Trusts for wealth protection and tax benefits.
- The pitfalls of irrevocable trusts.
- Custodial Roth IRAs and their limitations.
- Taxable brokerage accounts and gift tax exemptions.
- Why to avoid 529 plans.
- Hiring kids legally for tax benefits and life skills.
- The need for a business for tax advantages.
- Financial literacy vs. financial capability for kids.
- The truth about compound interest and taxes.
- Addressing misconceptions about investing in the S&P 500 for children's wealth.
- The crucial role of whole life insurance in wealth growth and protection.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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This episode focuses on the concept of carefully investing in one's financial foundation by creating an emergency and opportunity fund, ideally stored in the life insurance industry for life-long accessibility. This fund should be liquid, tax-free, earning a competitive rate, and able to fund any opportunities that come one's choices, and its size should vary based on the kind of deals one seeks. It ensures one doesn't run into financial difficulties like the person mentioned who had sold a business and then invested unfittingly. The hosts, Spencer Shaw and Kim Butler, discuss the importance of cash flow and serving others alongside building wealth, considering wealth building as a marathon rather than a sprint.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- The importance of an emergency and opportunity fund
- Why you should have a foundation fund which is not taxed and readily available to take advantage of opportunities
- The ideal size of your opportunity fund
- Importance of having a larger opportunity fund than the size of the deals you are seeking
- The race towards financial stability
- The concept of serving as a human or spiritual standpoint in one's life
- Why you should go slow in investments and making wise decisions
- The problem of focusing only on sprinters or starters in financial information
- "Perpetual Wealth" and the seven phases of prosperity
- Importance of having checkpoints in one's financial journey
- Use of every decade as a checkpoint
- The need to stretch our perspective of time and have a firm foundation
- The value of cash flow
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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Kim and Spencer discuss drawing on experts' knowledge instead of trying to become an expert in all areas. They highlight the importance of self-guided learning and financial education, and the current trends in both. The hosts mention the 'who, not how’ philosophy that involves leaning on expert advice rather than trying to become an expert in all areas.
Kim shares her experience with financial education, emphasizing the need to simplify complex financial topics for consumers. They discuss the societal obsession with retirement at age 65, which they view as harmful.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
- https://prosperitythinkers.com/vote/
Show Notes
- The importance of financial education and shares her experiences writing the book 'Busting the College Planning Lies'
- Experiences from Kim's own financial education and how it fuels her drive to simplify financial education for everyone, regardless of age or financial awareness
- Distinction between products that people buy and strategies that people do to control their money
- Age and the societal misconception surrounding retirement at 65, urging people in their 50s and 60s to envision working for another 30 or more years
- Individual stories of reinventing oneself and continuous learning shared
- Planned client event for learning, along with the concept of a potential community for mindset of prosperity relating to personal finance
- Creating a voting system in the next episode for listeners to decide on the type of community they seek
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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Kim and Spencer discuss the important difference between 'Family Bank' and 'Family Banking.' The hosts emphasize that understanding the distinction between these two concepts is crucial to managing personal and familial finances effectively. While Family Bank remains a widely misunderstood and elusive concept due to certain legal and ownership restrictions, Family Banking refers to the strategic process of managing monetary inflow and outflow, which every family can do. Essentially, Family Banking is about understanding the principles of prosperity and the philosophy of cash flow, as well as applying these principles both personally and as a family. The hosts also discussed the importance of pursuing financial literacy for safer and better banking and financial decisions.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- The importance of language in understanding financial concepts
- The clarity that comes with understanding family banking, as opposed to the confusion that arises from the term "family bank”
- Why anyone can practice family banking
- The importance of focusing on cash flow as a starting point before progressing to other financial considerations
- Value of repaying loans with interest and how the concept has been lost in present society
- Opportunity cost in the context of personal finance
- Individuals avoiding debt due to lack of financial literacy or fear
- Why personal finances should not be handled with a mindset looking for shortcuts
- Significance of financial education and having someone trustworthy to help guide you through your financial decisions
- The importance of having a clear set of financial principles to live by
- How to adopt or create a set of financial principles based on the seven principles of prosperity
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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Kim and Spencer discuss the concept of Charitable Remainder Trusts, an estate and wealth planning tool that not many people are familiar with. The hosts explain that these trusts allow individuals to donate assets, particularly highly appreciated ones, to a charity while avoiding substantial capital gains taxes that would be incurred as a result of selling these assets. The individual also receives a consistent income stream from the donated asset throughout their lifetime. Notably, these trusts are particularly beneficial to older individuals. One commonly overlooked step in the process, though, is the acquisition of life insurance to ensure that their family is not left without an inheritance when the individual passes away and the remaining value of the asset goes to the charity.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- Who can benefit from a charitable remainder trust
- Dispelling the myth that it is only for those with millions in assets
- Family dynamics and the need for life insurance when setting up charitable remainder trusts
- How life insurance and charitable remainder trusts work together
- What happens when you donate an asset to a charity
- The potential challenges that come up when a charity inherits the asset
- What happens when things could go sideways
- Real-life scenario of someone who used a charitable remainder trust to their advantage
- Reaching out to your preferred charity to find out their experience with charitable remainder trust
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes. iTunes RSS
Kim and Spencer, in this The Prosperity Podcast episode, featured a discussion about whole life insurance as a financial asset and tool for emergencies and opportunities. It started with a historical look at the inception of whole life insurance by "bands of brothers" and church brethren centuries ago, aiming to address the financial losses of term insurance. As opposed to term insurance, whole life insurance was created to build an asset called cash value, which policyholders could borrow against. This role of life insurance in financial planning has expanded over time, with books like Nelson Nash's "Becoming Your Own Banker" and Kim's "Live Your Life Insurance" reiterating its use as a strategy to tackle life events. Kim debunked the misleading term "bank" often used to describe mutual life insurance companies and pointed out that life insurance allows control, liquidity, usability, and equity (CLUE). She also highlighted the need for financial control in current times where bank accounts could be frozen, suggesting using life insurance as a reliable and secure financial tool. The hosts concluded the episode with a note to delve deeper into the intricacies of becoming one's own banker in future episodes.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- The history of life insurance and how it developed for policyholders to borrow against their cash value
- Life insurance as a vehicle for becoming truly based on something that is freedom-focused
- The importance of control in life insurance and the present context when businesses are being shut down and their accounts frozen
- Importance of having control over money in the present time where accounts can be frozen leading to a lack of freedom
- How to utilize the life insurance industry for storing extra liquidity
- Additional recommendations to oneself financially to handle any sudden societal issues
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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Kim and Spencer discuss the tax advantages and personal protections of life insurance. They discussed points that include the basis of taxation on life insurance, how it is similar to taxation of vehicle and home insurance, and a detailed comparison of life insurance with Roth IRA and 401(k) from a taxation perspective. They briefly talk about borrowing against life insurance cash value and also touch upon the nuances of premium structure and death benefits of a policy.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- Why life insurance has been a crucial financial product for hundreds of years
- The premium structure of whole life insurance and its tax-free growth
- Benefit and importance of this rider
- How life insurance loans are taxed
- How the accelerated benefits rider operates and its benefits
- The benefits and functionalities of waiver premium and disability insurance together
- Circumstances under which life insurance loan interest can be tax deductible
- Suggestions on borrowing against cash value from the bank to avoid potential tax issues with life insurance lenders
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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Kim and Spencer engage in a deep-dive discussion about life insurance policies. They emphasize the importance of having the right mindset and principles when dealing with life insurance policies. They elaborate on the concept of overfunding and underfunding these policies. Kim and Spencer mention how the premium of a policy can build cash value and the ways that a "Paid Up Addition" could increase the death benefit and build cash value. They caution against overfunding your policy beyond the IRS's Modified Endowment Contract (MEC) limit, which could lead to tax implications.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- The future possibility of creating a video of the book
- First step in life insurance - funding
- "Paid up addition" in life insurance
- The flexibility of funding in whole life insurance
- What MEC limit is
- The seven-year MEC limit analysis
- The right timing to utilize life insurance
- Using life insurance in your financial situation
- The timing of insuring people from multi-generation families
- Who is the key person in life insurance
- The concept and benefits of key person life insurance
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Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Spencer and Kim discuss the concept of luck and its relation to hard work. They argue that luck can be misleading since it insinuates that success doesn't need work or can be taken away at any moment. Instead, they emphasize that working is a way of serving and creating value, making it the foundation for success. They also underline that when one is prepared and actively participating, opportunities arise that may be perceived as luck but in reality, are the product of effort and preparation. The hosts also express skepticism towards beliefs that advocate for good fortune through actions like playing the lottery or burning fake money, highlighting the importance of work, savings, and ownership as the means to control and independence.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- Kim’s perspective on luck and why it's not one of her favorite words
- Alternative perspective of work as a positive thing
- The idea of uncontrollable good or bad luck
- How to create abundance without relying on luck
- Individual responsibility and control in attaining prosperity
- Optimizing for independence instead of freedom
- Dangers of government-sponsored plans removing control from individuals
- The importance of controlling our reaction to uncertain situations
- The LUC (Liquidity, Use, Control) concept and how it's misconstrued as "luck"
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
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This episode centered around the concept of cutting expenses, discussing how efforts to decrease spending often lead to limited financial success. Referencing the book, No Worries by Jared Dillian, a finance writer and former Wall Street employee, this episode highlighted the drawbacks of focusing solely on expense reduction. Rather than achieving true prosperity, continual cost-cutting may lead to financial stagnation. Spencer and Kim also emphasized the importance of rising above cutting costs and shifting focus onto cultivating abundance and increasing income. They discouraged clinging onto the concept of emergencies and being fixated on escaping debt. This negative focus might invite more of the unwelcome circumstances, aligning with the principle of attracting what one mostly thinks about.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
- No Worries by Jared Dillian: https://www.amazon.com/No-Worries-live-stress-free-financial/dp/1804090409
Show Notes
- Why cutting expenses is not always beneficial
- More insight about Jared Dillian's perspective on cutting expenses
- Personal experiences in managing day to day expenses
- Perspective on dealing with debts
- Why you should increase income rather than merely focusing on cutting costs
- Suggestion to expand financial thinking
- Looking at increased upsides rather than cutting costs
- Importance of thinking positively for prosperity.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
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Prosperity Pets consists of a series of stories that provide lessons concerning prosperity. Kim shares the unique idea behind a stuffed pet that is an exact replica of her dog, Emma, leading the hosts to connect it with the idea of Prosperity Pets. The primary aim of these stories is to teach children and adults alike the importance of being prosperity thinkers, akin to pets that pull out positivity and live in the moment. The intention is to combine the fun and engaging nature of pets with the substantial principles of prosperity.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
- Prosperity Pets book link for Amazon: https://www.amazon.com/THINK-Adventures-at-Prosperity-Patch-ebook/dp/B0CVLJZ251
Show Notes
- How animals represent Prosperity Thinkers and how it is incorporated in story format
- The integration of the series in home learning environments
- How prosperity can begin at a young age
- The importance of learning about money
- Example of how mindset can lead to prosperity
- How prosperity can start from a checking account and a saving first mentality
- How changing your mindset is the starting line of prosperity
- Using the Currence app for building better cash flow habits
- The perception of wealth and the concept of budgeting
- Example of inherited wealth and the challenges associated with it
- How wealth can impact with generations
- The importance of instilling habits for perpetual wealth
- The practical implementation of Prosperity Pets in real life to learn about prosperity thinking
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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Kim Butler chats with Garrett Gunderson, they talk about his ongoing book projects including revised versions of "Killing Sacred Cows'' and "What Would the Rockefellers do," and his children's book "I am Money". They delve into the importance of adaptive learning and self-care, illustrating how treating oneself as the greatest asset can lead to better productivity and generosity.
In another segment, Butler shares her views on the perception of work, resilience, failure, and retirement. She argues that work should be enjoyable, and recovery from failure is crucial for growth. Significantly, she introduces her book "Prosperity Pets," a unique approach to teach kids about money using interactive methods.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
- https://garrettgunderson.com/
- https://www.linkedin.com/in/garrett-gunderson-651359b3
Show Notes
- Garrett’s writing projects, focusing on updating his previous books
- The notable changes since his books were published, like the rise of cryptocurrencies
- His experience of writing a children's book and a chance meeting with a successful children's book author on a flight
- The importance of investing in oneself and teaching this concept to the younger generation through children's books
- The impact of children's education on their understanding of financial management
- The metaphorical representation of pets in their children's book, "The Prosperity Pets"
- The underlying message of Kim's children's book, Prosperity Pets, which is about prosperity, thinking and serving others
- The potential of learning from children's books as adults, especially in fostering an open-minded mindset
- The hope that the children's book could reach an audience that may not be reading their other books, thus spreading the concept of prosperity thinking
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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This episode talks about the concept of "thinking big enough" inspired by some song lyrics, highlighting the importance of songs as they carry messages that stick. Kim, introduces the term "visioneering", which substitutes setting specific goals with envisioning a future that inspires and propels us forward, as she believes goals can be inherently limiting. She explains that visioneering differs from goal setting as it encourages long-term and expansive thinking that is constantly changing, instead of being strictly focused on achieving specific, short-term, and measurable results. She makes the point that we should keep dreaming and visioneering, and always refer back to what we genuinely want, rather than focusing on societal expectations.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
- An Almighty Thud by We Were Promised Jetpacks https://open.spotify.com/track/7g8H1198jHO0STkaLlf7zX?si=3180efc283584a6e
Show Notes
- Reading out and analyzing song lyrics, with a focus on one particular word, 'advocated,' that prompted interesting insights.
- Comparison of goals to the horizon, which is an ephemeral target that's always moving and inspirational yet disruptive if not handled properly.
- Discussion on the potential need to move beyond goal setting to visioneering.
- Kim advocates for starting from where you currently are and being clear about your dreams and desires for the future.
- The concept of fluid visioneering, where visions adjust and transform over time as circumstances change.
- Explaining the importance of leading your own thoughts and inspiring others through personal beliefs and values, with help from a higher power or support system when needed.
- How to dream bigger for the prosperity community in the coming year by focusing on families and legacy building.
- Kim explains her process of visioneering by creating a physical environment conducive to expansive thinking.
- The emphasis on creating a lasting non-monetary legacy for future generations by leaving important lessons and values in them.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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This episode delves into the topic of offshore banking alternatives. The hosts, contemplating the changing economy and threats of central bank digital currencies, discuss the importance of retaining control over personal wealth. They share fascinating insights into medical tourism and reflect on the attractiveness of the US dollar in countries like Brazil and Mexico. They underline the importance of having control over personal wealth. For those just starting their careers to those with a net worth of fewer than 10 million dollars, they highly recommend considering such domestic institutions over offshore banking alternatives. Ultimately, research, understanding, and control are key factors when it comes to managing finances effectively.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- The trend of medical tourism and its financial benefits
- The complexities and risks associated with offshore banking and the need for professional guidance
- Importance of researching and understanding the administration and legal necessities in offshore banking
- The resemblance between mutual life insurance companies and credit unions
- The difference in operations between stock life insurance companies and mutual life insurance companies
- Where to best store and use dollars
- Suitability of offshore banking for individuals at various levels of wealth
- Whole life insurance policy as a beneficial alternative for storing cash and for long-term financial management
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
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This episode discusses the 'anti-debt snowball', challenging mainstream financial advice from figures like Dave Ramsey and Suze Orman. The hosts criticize these advisors for focusing solely on eliminating debt without preparing listeners for steps afterward. They argue that efficiently managed debts, such as student loans and mortgages, can be integral to personal financial strategy and shouldn't necessarily be the priority to eliminate. Instead, the hosts emphasize the need for the cash flow focus, particularly for higher-income individuals, and for establishing an emergency opportunity fund.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- Advice and alternatives for upper-income individuals dealing with student loan, car loan, and mortgage debts
- Future mortgage types and why mortgage debt should be kept as long as possible
- Criticism of incorrect information spread by financial personalities
- Introduction to the benefits of utilizing cash value of whole life insurance as an effective and controlled wealth building strategy
- Entertainment and influence of financial personalities Dave Ramsey and Suze Orman
- Assessment of Dave Ramsey and Suze Orman's financial advice
- Why you should start thinking long-term and have a guide for effective wealth planning and management
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
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Kim and Spencer discuss the importance of regulating one's own reactions to global events, particularly how these events impact personal finance. They emphasize the idea of having a 'news diet' or 'news fast' to maintain a sense of perspective and control, arguing that individuals should not allow uncontrollable world events to impact their controllable personal finances. They also delve into how individual mindset plays a key role in personal finance and the danger of fear. They propose choosing where to direct attention and focusing on positive, prosperous events instead. They also recognize the interconnectedness of external events and personal lives but encourage listeners to think before sharing potentially distressing news, thereby protecting the emotional wellbeing of themselves and others.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- The harm that allowing global events outside our control can cause to personal finances, mindsets, and relationships
- Effects of smaller scale events, such as city or family incidents, on one’s financial life
- How to manage the consumption of information from world events
- The importance of being conscious about the information that is interjected into current events
- Relevance of setting up filters when consuming information and deciding what is worth sharing with others
- How focusing on catastrophes can hinder prosperous thinking but also present opportunities for problem-solving
- Kim’s experience in a strategic coach event and how she applied the prosperity lens on the information she got
- The importance of listening to find potential in every story and praises the positive elements in every situation
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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The hosts share their thoughts on financial education and empowerment, critiquing the recent push in high schools for required financial literacy classes, which they feel are of varying quality and focus too heavily on stock trading. They discuss the need for better analysis and interpretation skills in the face of Artificial Intelligence and sound bites that can provide misleading information.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- The importance of foundational financial education compared to YouTube sound bites or a reliance on AI for information
- A politician who proposed concerns about reliance on AI and its implications for financial education
- The use of the seven principles of prosperity as a guideline for filtering information and making decisions
- How to navigate persuasive but wrong information
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
This episode of the Prosperity Podcast discusses the importance of aligning money and life goals. The hosts stress the common misconception that personal finance is separate from life's 'woo woo stuff', arguing instead that they are interconnected. They mention the Currence app, which is an invitation-only savings structure that encourages sustainable spending patterns and purposeful saving. However, the app is not for budgeting, which the hosts believe is an ineffective method of managing finances. They stress the importance of 'purposeful spending' and highlight a case example of a family who prioritized saving to the detriment of their lifestyle and personal joy.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- What the Currence app is and how it aids in purpose-driven spending
- Story about a family that was overzealous with their savings habits, compromising their joy and comfort
- The importance of individual and family decisions about what brings them joy to spend money on
- Different examples of purposeful spending are provided, from lavish holidays to upgrading home furniture
- The importance of preemptive financial decisions
- Utilization of deliberate saving to allow for unrestrained spending on meaningful things
- The feasibility of creating extra income streams today with less time commitment
- How to improve and expand existing businesses
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
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In this episode of the Prosperity Podcast, the hosts discuss the practice of year-end reflection and goal setting. Rather than strictly adhering to the January 1st New Year timeline, they advocate for personalized reflective dates, such as birthdays or anniversaries. The hosts stress the importance of turning the process of goal-setting into a collective family activity and the significance of handwriting responses due to its brain engagement.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
- https://twitter.com/ClintFiore/status/1733938550461108603
Show Notes
- Discussion about Clint's unique approach of discussing yearly review and goals with his family.
- Kim concurs with Clint's method, drawing parallel with her own guidance in the Perpetual Wealth book.
- Discussion about the question about self-pride from Clint's list.
- Transition to discussing the importance of reminiscing favorite memories.
- Discussion about the need to replace negative habits with positive ones.
- Transition to the application of the principle of replacing negative habits in financial terms.
- Discussion about differentiating between past accomplishments and future focus.
- Kim shares personal goals for the upcoming year, focusing on increasing spiritual study time.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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This episode of the Prosperity Podcast discusses overcoming financial anxiety. The hosts, Spencer Shaw and Kim Butler, stress the importance of ensuring cash flow structure in one's life to manage and control cash flow. The conversation revolves around averting financial anxiety through a conscious understanding of one's financial status and the need for investments and assets to work harmoniously together. Spencer and Kim differentiate the approach to financial anxiety across various lifespans. For those above 60, the focus is on curbing uncertainties related to inflation of expenses or governmental inflation. Meanwhile, the 30-60 age group needs to first plug the holes leaking money before seeking investments. Finally, for those below 30, building a solid foundation of liquidity is crucial.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- The necessity of structured cash flow in minimizing financial anxiety
- The varied reasons behind financial anxiety
- Dealing with uncertainty in financial matters
- What the financial strategies for different age groups are
- A specific case study highlighting the need for liquidity in young professionals
- Importance of emergency savings as the foundation for financial investments
- The importance of positive financial thoughts
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
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This episode delves into insurance policy setups, trust setups, and beneficiaries. The hosts argue that it's often made to seem complicated to confuse listeners and push them to go for certain services. Their mission is to demystify the process and teach it from a 'prosperity perspective'. The complexities of the field are discussed, including beneficiary classes, and how people often feel overwhelmed when they become a beneficiary or executor to a parent's will. The importance of setting things up while one has the chance is emphasized, as unforeseen situations can complicate the processes.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- The experience with clients facing confusion and fear when understanding their responsibilities as executors or beneficiaries.
- The strategy to achieve financial durability, and when complexities like LLCs and trusts are necessary.
- The role of a financial advisor in simplifying complex setups like beneficiaries and trusts.
- Appropriate layers of financial planning and the importance of wills and trusts.
- The myth of tax protection and asset protection through revocable living trusts.
- The role of liability umbrella for asset protection and the lack of tax protection features in revocable living trusts.
- Reinforcing the ability of modification and progression in revocable living trusts.
- Emphasizing the importance of not delaying the financial planning process, and offering resources for trustworthy attorneys.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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This episode centers around the concept of debt and how it can be viewed from the perspective of optimism, drawing from the writings of finance author Jared Dillian. Kim and Spencer point out that while many associate debt with negative feelings, it can also be an indicator of confidence in the future. However, they warn caution, citing the importance of avoiding frivolous debt and "keeping up with the Joneses." They share their belief in maintaining a positive approach towards financial future, explaining that those who constantly focus solely on paying off their debt often find themselves in a cycle of indebtedness, whereas those who view debt as a strategy and think optimistically about creating opportunities, serving and aiding others, and adding value are more likely to get out of it.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- The importance of optimism in getting better results in traveling the journey towards prosperity
- The idea of distinguishing good and bad debt
- Significance of debt management and having confidence in the future
- A poll result revealing that around 50% of people don't feel optimistic about their financial future and stressing the importance of a change in mindset
- How clients who focus on creating opportunities and helping others manage to get out of debt effectively
- The personal interpretation of prosperity
- Finding happiness outside of material things and not having to work as the primary source of happiness
- The importance of purposiveness in spending both time and money
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer discuss how individuals can identify what they genuinely love doing, opening pathways to career satisfaction and personal fulfillment. The episode suggests that the traditional advice to 'follow your passion' may not always be beneficial, and instead recommends that individuals find work that matches their skills or interests. Lastly, the hosts highlight the essential role that daily habits and routines play in facilitating progress, suggesting that individuals consider slightly adjusting these if their current results are not as desired.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- Online resources to help people find work that they love
- Encouragement for people, especially young adults, to experiment, to learn by doing, and to consider part time or intern jobs as learning opportunities
- Recommendation for self-knowledge, experimenting, and starting with love for what you do
- The speed of advancements in technology and the opportunities it brings
- The concept of vision and how it can inspire us Importance of habits, routines, and behaviors on making progress and achieving results
- Why you should start reflecting on your habits and routines
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
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Kim and Spencer discuss the importance of language and thought patterns in one's relationship with money. They quote Robert Kiyosaki's concept of replacing "I can't afford it" with "how can I afford it?" as a building block of prosperous thinking. They also touch on the erroneous focus of individuals on earnings instead of value provided and emphasize the significance of cash flow over net worth, particularly for business owners. The episode features in-depth conversations regarding linguistics and how the use of wrong terminologies can be misleading, especially in finance and life insurance. The hosts also propose an exercise of assessing one's language and forming a list of “prosperity words.”
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- The influence of language on the way people approach money
- The importance of laying a solid foundation from a young age
- Distinguishing between people who talk about their earnings per hour, per month or yearly
- How mindsets can be adjusted to think in a prosperous way based on knowledge of the three earning brackets
- Influence of language on our perception of earnings
- The misinterpretation of earnings in the media and the significance of value provision and learning over earnings
- Role of language habits in shaping financial well-being
- The societal impacts of conversational themes, using life insurance as an example
- Correlation between a person's language and their financial well-being
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
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Kim and Spencer discuss the concept of retirement, with reference to thoughts from the founder of AngelList, Naval Ravikant. Ravikant's advice for retirement includes saving money, lowering your spending rate, and doing what you love so that retirement becomes unnecessary. The hosts emphasize the benefit of virtual jobs, saying that they are perfect for older people who wish to keep working and earning, while staying active and engaged. They add that this kind of work can help offset inflation and contribute to a fulfilled life.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- Ravikant’s first point: Saving money for retirement
- How the word 'save' is being used in the context of retirement
- Naval Ravikant's background and accomplishments
- The second point: Lowering your burn rate for retirement
- Ravikant's third approach to retirement: Doing what you love
- Benefits of doing what you love as a strategy for retirement
- The concept of working until old age Saving and burning from a retirement perspective
- Ineffectiveness of forward-budgeting and the importance of looking back at expenses
- Should you still start saving for retirement even if it may not provide enough for people to live on during their retirement years?
- Organizations that provide opportunities for seniors
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
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Kim and Spencer discuss the importance of cash flow, or financial flow, over stagnation in wealth building. They argue that one of the often-overlooked principles of prosperity is the necessity for cash flow rather than letting money sit idly. For them, cash flow refers not only to money coming in but also the money going out. Important elements of cash flow include expenses, investments in real estate and life insurance, and outgoing cash flow in general.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- The significance of both incoming and outgoing money as part of cash flow, and how outgoing cash flow is equitably crucial
- The need to create money movement in our personal economy through the concept of cash flow
- How to get more movement in finances, whether small or large sums of money
- Using a case study to explain how to create movement, focus on cash flow, and generate a multiplier effect leading to long-term financial stability
- Universality of the principles of cash flow, irrespective of the amount of money involved
- Underlining the importance of planning for a lifetime guaranteed income, especially for older people and the peace of mind it brings
- Introducing the concept of Prosperity Economics and its history and relevance across different times and ages
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
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In this episode of the Prosperity podcast, the hosts, Spencer Shaw and Kim Butler, discuss guidance for managing finances for a couple aged 25 with a net worth of $50,000. The hosts review a previously given AI recommendation and give revised insights. Initially, they discuss the importance of building an emergency fund of three to six months worth of living expenses, tactics for investing in retirement through 401(k)s and IRAs, and investing in one's financial education. They also discuss building a diversified investment portfolio via index funds and ETFs and the importance of setting financial goals and the associated futility with long-term financial goal setting due to life's unpredictability.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- The importance of building an emergency fund
- Suggestion to have six to 12 months of living expenses
- Investing in retirement and contributing to a 401k or IRA
- The need to invest in financial education
- Concept of diversifying investments and issues with the definition
- Setting financial goals in the short, medium and long-term
- Importance of emergency funds and protection plans
- Why retirement funds shouldn't be top priority for young adults
- The difference between an emergency fund and opportunity fund
- What are estate planning and cash flow control
- The call to action to email for guidance on cash flow control
- Importance of setting targets and taking action towards those targets
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
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In this episode of the Prosperity Podcast, Kim, the host, interacts with an AI to discuss the principles of prosperity as they apply to a 60-year-old couple with a net worth of $2 million. The AI suggests the sequence of five steps: Estate planning, purchasing life insurance, investing in the education of their children and grandchildren, actively teaching financial literacy to their children and grandchildren, and establishing a charitable foundation or donor advised fund. The next episode is set to cover the same scenario, but for a couple that is 25 years old.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- First scenario introduction: A 60-year-old couple with a net worth of $2 million
- The idea of estate planning and the right to change order
- Investing in the education of your children and grandchildren
- Kim disagrees with the choice of products for investment in education
- Teaching financial literacy to your children and grandchildren
- Positive response by Kim to the fourth solution, teaching financial literacy
- Validation of life insurance as the first step
- Why having a guaranteed lifetime income is important
- Kim's client expressed her stress about having a high net worth but low income
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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Kim and Spencer discuss the concept of an "opportunity fund". An opportunity fund is different from a savings account as it actively makes you money and is used to strategically take advantage of any financial opportunities. Unlike a position of debt or constant emergency where opportunities are limited, having an opportunity fund enables people to position their money strategically for future investments. The hosts, Kim and Spencer, discuss the concept of a CLUE test (Control, Legacy, Use, and Equity) as a gauge to measure the accessibility and fluidity of your opportunity fund.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- What an opportunity fund is and the importance of being in a position of cash
- The importance of dedicating a certain amount every month to building an opportunity fund
- Using the CLUE test for identifying the appropriateness of where to store the opportunity fund
- The importance of controlling dollars, particularly in relation to banks
- Liquidity of properties and stocks being dependent on several external factors
- The aspect of equity in different forms of opportunity funds
- The usefulness of the CLUE acronym as a tool for determining the strength of an opportunity fund
- Why you should start learning and preparing to take advantage of opportunities
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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Kim and Spencer delve into the concept of personal credit scores and a new concept they describe as prosperity credit. The episode begins with a reference to their book, which details guidelines around credit scores. They also announce that they are in the process of developing the idea of prosperity credit and invite listeners to share their thoughts on what this phrase means via email. Kim and Spencer advocate for acting proactively with finances and treating personal credit seriously, and they offer resources for credit cleanup and improvement.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
- https://uqual.com/
Show Notes
- What is hard money lending in the real estate investing world
- Definition of prosperity credit, starting with mindset and involving time in the game, maintaining relationships, and turning obstacles into opportunities
- Four "referability habits" from mentor Dan Sullivan to avoid having bad credit
- Insights about the relevance of personal finances' time element to personal credit
- The importance of keeping old credit cards open
- The need to know one's credit scores
- Difficulties in getting life insurance after a health problem
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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This podcast episode centers around a book titled "Don't Tell Me I Can't" by a 14-year-old author going by the pen name, Cole Summers. The hosts discuss the book and the message of possibility, hard work, self-belief, resilience, and learning it delivers. The episode also talks about the author's unconventional life journey, from his purchase of a tractor at nine and a house at ten, to owning a 350-acre farm, all while being homeschooled and later, unschooled.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
- https://www.amazon.com/Dont-Tell-Cant-Ambitious-Homeschoolers-ebook/dp/B0B1GQ9ZRM/
Show Notes
- Kim speaks about her experience reading the book and how inspired she was by Cole Summers' story
- Spencer provides insight into how he discovered Cole's book, emphasizing the importance of being open to wisdom and learning from others
- The hosts discuss how Cole was repeatedly underestimated because of his age but continued to prove himself through hard work and dedication
- They conclude their review of Cole's book highlighting how it encourages adopting a mindset of unlimited possibilities
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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Spencer and Kim discuss the concept of the "velocity of money." This is likened to the pace of marathon running, using this as an analogy to explain the movement of money. The hosts make use of the acronym CLUE, which stands for Control, Liquidity, Use, and Equity, to explain how one can get optimal long-term benefits from their money.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- How to use products and strategies to initiate velocity
- Putting money through life insurance and investment real estate
- How to understand CLUE and its impact on asset management and unraveling misconceptions about liquidity
- Misconceptions about the liquidity of the stock market
- Misleading financial strategies that do not follow the CLUE strategy
- Human behavior and its impact on financial decisions
- Why automated discipline and having save-first mentalities are preferred approaches for building wealth
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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Spencer and Kim delve deeply into the topic of inflation, reflecting on how it's affecting individual lives and businesses worldwide. The hosts share a story about a business owner in Argentina, a country currently going through significant monthly inflation. To protect his business, he uses US dollars due to their stability and he invests his profits back into his business to purchase supplies, expecting the inflation to worsen. This leads to discussion on how tangibles like food, water, supplies can help maintain or beat inflation.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- Inflation and its impact on the economy.
- A personal story about inflation and its effects in Argentina.
- Two things that benefit from inflation.
- The impact of inflation on investments and the need for supplies to maintain pace with it.
- How whole life insurance premiums benefit from inflation.
- The importance of building an emergency fund instead of focusing solely on retirement savings.
- Use CLUE (Control, Liquidity/Legacy, Use, Equity) as a way to approach investments in a time of inflation.
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- RSS
Spencer and Kim discuss the concept of value and altering perspective on it. They use a personal anecdote to illustrate the idea, wherein his content creator son understands his work's value in a different way when his father becomes his 'employer'. This story is used to spark discussion on how people value their wealth and finances, and their aversion to taking action due to perceived risks. Kim suggests methods to think about value in personal terms - seeing the value in our future selves and tying decisions to emotions to facilitate desired behavior.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- Spencer’s personal story regarding his teenage son who is a content creator and his recent struggles with consistency
- Recognizing personal investment and values
- The emotional nature of financial decision-making and the need to ascertain how people best interpret and integrate information
- The importance of individuals recognizing value for the benefit of themselves and their future selves
- Strategies on how to create and understand the value of our future selves
- The importance of personal motivation, whether that be self-preservation or family preservation
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
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Spencer and Kim discuss the rising cost and decreasing availability of homeowners insurance, and how people can prepare for potential future issues. A recent incident where a tree limb fell and damaged a greenhouse on their property led them to talk about the potential costs and benefits of having homeowners insurance, especially when it comes to damage repair and tree removal. They also touched on the increase in homeowners insurance costs and difficulty in obtaining it in certain areas like California and Florida. The hosts also discuss how life insurance can be a place to build up cash value that can potentially be used to replace or repair a property in case of an emergency. However, they strongly advise against turning down house insurance and self-insuring.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- Story about a tree falling and damaging a property, illustrating the role of homeowners insurance
- The rising costs of homeowners insurance CA and FL, resulting from real estate transactions
- Advantages and complexities of self-insuring a home
- The role of cash value in life insurance policy in replacing a home
- The service offered at prosperitythinkers.com
- Potential foreclosure triggered by lack of homeowners insurance
- Possible solutions: Banks providing insurance or community-built insurance like Christian medical communities
- The concept of self-insuring and the role of a life insurance policy
- Importance of having a stable, guaranteed asset such as cash value of whole life insurance to self-insure
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Spencer and Kim compared Indexed Universal Life (IUL) insurance and Whole Life insurance. They compare IUL to a mobile home due to its flexible and adjustable nature, which also means it carries more risk. Meanwhile, Whole Life insurance is compared to a brick and mortar home due to its stability and permanence.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://prosperitythinkers.com/action/
Show Notes
- What IUL and whole life insurance are and how are they different from each other?
- Analogy between universal life and a mobile home, and whole life to a brick and mortar home
- Personal experiences of weaknesses of mobile homes compared to brick and mortar homes
- Suggestions for those who have an IUL policy and realize they might be in trouble due to impending risk
- Sunk cost fallacy in life insurance decisions, and how to overcome it
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Spencer and Kim discuss a provocative concept called the 100% death tax, proposed by self-made millionaire Alex Hormozi. The idea suggests that if entrepreneurs knew their entire wealth would be seized upon their death, they would be more inclined to invest their wealth, experiment with new ideas, and constantly innovate.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://www.youtube.com/playlist?list=PLakZJR9Rc1WKnIv5svrxPHI3o8JugWYJf
Show Notes
- Introduction of Alex Hormozi, a self-funded, self-started entrepreneur who supports the idea of 100% death tax
- Explanation of Hormozi’s belief: Entrepreneurs would be more willing to spend their money if they knew it wasn't being left on the table
- Discussion on wealthy entrepreneurs such as Warren Buffett, Jeff Bezos, and Bill Gates who've shifted from entrepreneurial thinking to a more governmental control orientation
- Support for creating an environment where entrepreneurs keep experimenting via policies like 100% death tax
- How creating an environment where values, learning, and some amount of money get passed down is crucial
- How transformation in thinking can be more effective in wealth accumulation
- The power of life insurance to facilitate the transformation in dollars and thinking
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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This episode of the Prosperity Podcast discusses the mindset of givers and takers, particularly among millionaires and billionaires. Drawing insights from a study by Patrick Campbell, a man who has owned a data analytics company, the hosts note that Campbell's study shows that takers tend to seek 51% of value from their interactions and see relationships as a series of single moves.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://twitter.com/patticus/status/1684556264062296064?s=46&t=Wx4UH3H0WqT4Xg1RSCK9hA
Show Notes
- The importance of using the word 'strategy' instead of 'plan'.
- The study of Patrick Campbell: Based on interactions with 18 millionaires and six billionaires, revealing that net takers expect 51% of value from relationships
- Findings that the richest 13 out of 24 people studied were net givers
- The importance of being a net giver and how the practice of gratitude can facilitate that
- The values and actions of net givers to the motivations and operations of mutual life insurance companies
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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In this episode of the Prosperity Podcast, Jim Klauck interviews Kim Butler, who discusses her approach to assisting people in managing their finances and accumulating wealth. This involves simplifying savings, automating assets, and instilling faith in finances. Kim highlights the importance of establishing an emergency fund and opportunity fund to counter unexpected life events and investment opportunities, which also promotes peace of mind and overall health. She also emphasizes automating savings and using traditional assets like whole life policies to build wealth.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
Show Notes
- Kim discusses her financial strategies and how she values simplicity and automation in personal finances
- Helping families transfer wealth and values through generations
- The concept of paying yourself first
- Considering beach money as a lifestyle leading to freedom and peace rather than focusing on the monetary aspect
- The importance of mindset and intention in achieving financial goals
- Managing finances isn't an overly complicated task, it's all about setting intentions and following a systematic approach
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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This episode of the Prosperity Podcast focuses on the surprising success story of Oliver Anthony, an Appalachian-based singer/songwriter. Oliver's unexpected hit song, "Rich Men North of Richmond," reflects the frustrations and hopes of blue-collar, hard working Americans. Hosts emphasize that the song, depicting struggles with poverty and feeling controlled by others, resonated deeply with audiences, thrusting the home-grown artist to the top of several music charts. The discussion then shifts to the attributes of their listeners, appreciating those who exhibit humility, long-term thinking, and hard work.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- https://www.youtube.com/watch?v=sqSA-SY5Hro
Show Notes
- Background of Oliver Anthony and his struggle which leads him to start creating his own music.
- Humility and long-term thinking.
- Oliver Anthony's latest song and its popularity.
- Comparison between the themes of Anthony's song and Prosperity Thinkers' ideologies.
- Viewing scenarios from two perspectives.
- Providing assistance to those feeling trapped and seeking a way out.
- Stressing on the importance of thinking prosperously.
- The song's themes and its emotional depth.
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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This episode focuses on two central topics - the concept of outliving one's money and the worth of one's money in the current economic climate. The common theme of the episode is challenging conventional notions of retirement and financial planning. Kim is highly critical of the societal construct of retirement, describing it as a "scam" and an inherently selfish way of living that often leaves retirees discontented and unproductive.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
Show Notes
- Retirement is a scam, initiated from a Twitter thread
- Her perspective on Retirement, detailing her experience with people who retired but have struggles filling their time beyond short-lived excitements.
- The problems enforced by the government, like mandatory medical programs and paperwork on reaching a certain age, are discussed.
- The idea of engaging retired people into productive activities and letting them share their wisdom with younger generations is brought forward.
- The importance of long-term planning and avoiding short-term distractions to see desired results is stressed upon.
- The aspect of pursuing a 0% tax bracket as a race to the bottom is discussed, comparing it to cheap goods selling strategy.
- Retirement assets management and how to prioritize income sources are discussed, with life insurance proposed as the last asset to turn to.
- Concern about inflation and strategies to overcome it by keeping working rather than retiring are underscored.
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer discuss the importance of educating children at home, guiding them towards finding something they enjoy, teaching them responsibility, and cultivating them into becoming responsible human beings. The hosts emphasize the vital role that homeschooling played in their children's positive development, citing their ability to guide them towards their interests and passions.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
Show Notes
- How families educate their children
- Kim and Spencer’s own experiences with raising responsible adults
- The book "My First 300 Babies" and its influence on parenting methods
- What a homeschool high school graduation looks like
- Celebration of Zane's drone company and how homeschooling contributed to his success
- The challenges young adults face after graduation like renting a car or getting a hotel room
- The book "Perpetual Wealth" and applying its legacy learning method to homeschooling
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer discuss the concept of having intentional money conversations at the dinner table. These talks don't center around politics or religion but on financial education, a subject usually avoided or not tackled properly at home. The intention is to use "prosperity thinking" to add more valuable information and perspectives for the listeners and their families.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
Show Notes
- The common lack of effective communication at dinner tables
- Importance of being purposeful about dinner time conversations
- The need to start financial conversations from a young age, using real-life examples like temper tantrums in grocery stores
- Introduction of using AI as a tool for stimulating meaningful dinner table conversations
- Making smart monetary decisions with examples of cheese purchasing to stimulate conversations at the table
- The importance of teaching children the art of active listening at dinner tables
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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The hosts, Spencer Shaw and Kim Butler, focus on the topic of the home economy system, which involves three important elements: Expectations, expenses, and extra money for gigs. This concept applies to households of varying sizes and configurations. They attribute the basis of this concept to the book written by Scott Donnell and Lee Benson, Value Creation Kids, as it is a practical guide to personal finance from a principle-based viewpoint.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
Show Notes
- The concepts in "Value Creation Kids”
- The idea of the home economy
- Three E's of the home economy system
- Importance of clear communication in ensuring everyone's expectations
- The need for kids to contribute and feel heard as a significant part of setting expectations
- Application of these principles to adult children who still live at home
- Establishing an expectation of prosperity thinking at home
- Sharing an example about one particular experience with money management and how it plays a part in maturity and personal growth
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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This episode of the Prosperity Podcast discusses the concept of retirement, challenges the connotation associated with it, and explores alternatives for a fulfilling post-work life phase which they struggle to find a suitable term for. The hosts explore the phenomenon of retirees spending their time idly, attributing it to financial frugality or unwillingness to invest in hobbies. Kim and Spencer further discuss the fear of outliving one's savings and suggest purchasing a Single Premium Immediate Annuity, which offers guaranteed lifetime income to relieve such concerns.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
Show Notes * The need for a new term to replace "retirement" * The concept of "go-go years", "slow-go years", and "no-go years" * Retirement attitudes and financial limitations * Navigating the fear of outliving money during retirement * Dan Sullivan's time management system for fulfilling life in retirement * The practical idea of utilizing a hobby in the service of the community
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Scott Donnell, developer of the GravyStack app, highlights the need for children to learn money skills. Drawing from his study of wealthy families' strategies, he found that these families fostered financial responsibility in their kids by simulating real-world expenses and expectations from a young age. This empowers kids to handle money related to everyday activities, cultivating a sense of generosity and responsibility. The GravyStack app includes fun and interactive 'gigs', including chores to earn money, saving parents' time.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
- Creator of app for families with kids: https://partners.gravystackpartners.com/prosperity
- https://www.amazon.com/Value-Creation-Kid-Struggles-Children-ebook/dp/B0BY9Z1VH5
- https://www.linkedin.com/in/scott-donnell-0335b011/es
Show Notes
- Scott emphasizes his dedication to improving the financial literacy of young people
- The outcome of interviewing a thousand parents, revealing their insecurity in teaching finances to their kids
- His journey of interviewing a hundred legacy wealth families to understand how to effectively pass on good money skills to children
- Scott's exploration led him to writing a book called "Value Creation Kid"
- Money being a tool rather than the end goal, shaping the fundamentals behind the app
- Kim shares her personal experiences from her upbringing in understanding the schooling system and parenting
- How the app features 'brain gigs' where kids can earn by performing educational tasks, emphasizing developing value-creating skills
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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This Prosperity Podcast episode emphasizes the idea of collaboration over competition. Kim calls this concept "win times three” where each party involved in a deal benefits inclusively. This approach encourages sharing and giving first, believing that life will reward those who are generous. Kim highlights the instances when she collaboratively worked with professionals like Patrick Donahoe and Caleb Williams, who could be considered competitors, but instead became collaborators. Through such collaborations, they managed to further the Prosperity Economics Movement and improve client services. Kim also mentions a few other professionals she collaborated with like Spencer Shaw, stating that such collaborations can have enlightening outcomes. Kim expresses gratitude and shares the experiences where she was recognized by peers for her impact on their career, which she found fulfilling.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity Show Notes
- The concept "win times three": A concept that reflects collaboration instead of competition
- "Give first" attitude and the notion of collaboration even with potential competitors
- Examples of collaborators who are also potential competitors in the world of whole life insurance
- The Prosperity Economics Movement and its benefits
- Attendance and participation at an event for advisors, promoting openness and sharing
- Books, copyrights, and the freedom of ideas.
- Adopting a lens of prosperity thinking around collaboration
- The benefits of the weekend spent with collaborators.
- Recognition of gratitude from collaborators, despite the initial discomfort in expressing it
- Impacts and contributions made by the books and podcast
- Kim’s gratitude to collaborators who have been particularly helpful.
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Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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In this episode of the Prosperity Podcast, Spencer Shaw and Kim Butler discuss a new direction for teaching children financial literacy, competency, and responsibility through the use of a new app called Gravy Stack. The app, along with a book titled Value Creation Kid, aims to help children learn about personal finance and money management in a fun, engaging, and interactive way.
Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://gravystack.com/prosperity
Show Notes * Delivering on the promise of a better future for children * Introduction of the book "Value Creation Kid" and the app "Gravy Stack" * Moving away from the concept of allowances and introducing home gigs and mental games for children to learn financial competency * Real-life example of children learning financial competency through entrepreneurial activities, such as curb painting and lemonade stands * Implementing financial literacy and competency through "Gravy Stack" and its features like bank accounts, debit cards, and sub accounts * Encouraging sharing of the podcast and the link to the app to help improve communities
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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In this episode of the Prosperity Podcast, Spencer Shaw and Kim Butler discuss the impact of remote work on family prosperity and share their personal experiences and insights on working from home. They highlight the benefits and challenges of remote work through various perspectives, such as time management, leveraging technology and human resources, effective communication, and maintaining work-life balance.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- Kim discusses her experience with remote work and the positive impact it has had on family life
- The benefits of remote work in terms of time management and flexibility with family schedules
- Importance of time management and how it can be leveraged in a remote work environment
- The concept of free days, focus days, and buffer days to improve productivity and prevent burnout
- Leveraging technology and utilizing other people's unique abilities in a remote work situation
- Communication as a key component of successful remote work and family interactions
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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In this episode of the Prosperity Podcast, Spencer Shaw and Kim Butler discuss the impact and potential benefits of AI in various aspects of life and business. They reference Dan Sullivan's insight on using AI, stressing the importance of prompts when using AI systems for specific tasks. The conversation highlights both personal and professional examples of AI application, including AI tools for crafting emails, creating a complex Google Sheet formula, and assisting in household organization, among other examples. Kim and Spencer also acknowledge the potential for time-saving and increased efficiency in leveraging AI for tasks that complement human skills and unique abilities.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- The prosperity thinking mindset towards AI and how AI can serve as a helping mechanism in various aspects
- Kim shares her personal experience of using AI to write emails and how it saved her time
- Spencer argues that AI can be proactive too with proper prompting and feeding good information
- How Spencer used AI for helping with his oldest son's job opportunity path
- Using AI for family chores planning and meal planning
- AI as a companion during Zoom meetings, recording, and summarizing the meetings
- AI being used for summarizing and extracting important points from long emails
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In this episode of the Prosperity Podcast, Spencer Shaw and Kim Butler discuss the things people should stop doing once they have accumulated wealth. They highlight the importance of transitioning focus from cash value to the death benefit in their whole life insurance policies, and also to stop being overly focused on tax deductions. Instead, it's recommended to build wealth with after-tax dollars that will be held as after-tax for the rest of their lives. The hosts also emphasize the need to stop doing small transactions and delegate tasks with a humble approach to others who may have unique abilities in those areas.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- The importance of shifting focus from the cash value of whole life insurance to its death benefit and how to utilize it to impact other assets during your life
- Once a person reaches a net worth of $1 million or above, it's crucial to stop the overt focus on tax deductions, and instead, build wealth with after-tax dollars
- After your wealth accumulates, small transactions and low-value tasks should be stopped, and time should be spent more strategically on higher-value activities and unique abilities
- Why should you stop making decisions based on fear and scarcity and focus on protecting their mental space by seeking learning and opportunities from sources that align with their current financial standing
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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In this episode of the Prosperity Podcast, the hosts discuss the debt ceiling crisis and its impact on people's lives. They emphasize the importance of a long-term perspective to make principle-based decisions that can weather any storm. Spencer and Kim also highlight the longevity and success of the mutual life insurance industry as an example of responsible financial management. By focusing on the things they can control and applying the principles of prosperity, they assert that individuals can remain resilient even in the face of financial challenges.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- Acknowledging various types of debt
- How to approach personal and business debt situations
- Importance of focusing on forward momentum and opportunity
- Recognizing the shifts that can occur with time
- Understanding the importance of focusing on principle-based thinking
- Discussing the longevity of mutual life insurance companies
- Emphasizing the importance of long-term perspective in decision-making
- Applying the principles of prosperity
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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In this episode of the Prosperity Podcast, Spencer Shaw and Kim Butler discuss wealth building secrets of millionaires and why the term millionaire isn't as exciting as it used to be. They mention that focusing on cash flow is more important than net worth. The conversation explores the importance of transactions, such as starting, buying, and selling a business or real estate, which can lead to significant wealth growth. Spencer and Kim emphasize simplicity, principles, and real-world experience in their wealth-building tips, as well as the importance of focusing on the right things using the appropriate language.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- Why the term "millionaire" isn't as exciting as it used to be
- Importance of focusing on cash flow rather than net worth
- The common wealth building secrets of millionaires
- The importance of liquidity for opportunities
- Role of transactions in wealth building
- The importance of building liquid cash that can be controlled
- Leverage and debt in wealth building
- The focus on control and leverage as key wealth-building tips
- Control in relation to leverage
- Focusing on the correct language and principles
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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In this episode of the Prosperity Podcast, the hosts, Spencer Shaw and Kim Butler, discuss the importance of avoiding zero-sum games, in which there is a winner and a loser. They provide examples of such games, including gossip, which can harm all parties involved, and share ways to combat this mentality. They also discuss the role of life insurance as a "win-win-win" financial product, particularly whole life insurance from a mutual company, which benefits the buyer, seller, and company alike. Additionally, they emphasize the importance of timely action when it comes to life insurance purchases, as medical complications and other factors can impact one's ability to buy a policy in the future.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- How a zero-sum game means there's a winner and a loser and how it can apply to various situations, such as gossiping or bullying
- A discussion on how life insurance, particularly from a mutual company, can be a win-win-win situation: For the person buying the insurance, the person selling the insurance, and the insurance company
- The importance of the mutual life insurance company structure and its benefits
- The significance of ownership and sharing the concept of win-win-win situations with children
- A story about how timing can impact life insurance and the importance of taking action sooner rather than later
- How to get in touch with Kim to discuss the zero-sum game, mindset, or the life insurance space
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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In this episode of the Prosperity Thinkers Podcast, the focus is on the importance of philanthropy and giving forward. The hosts discuss the concept of the "velocity of money" and how participation in initiatives like kiva.org can help move money and improve one's own personal economy. They highlight different ways of engaging in philanthropy, such as donating small amounts to causes important to the individual, using donor-advised funds, and even creating a family foundation. Spencer and Kim agree that engaging in philanthropy can provide a sense of purpose, align with one's values, and create opportunities for families to bond and work together for the greater good.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://www.heifer.org/
- https://www.kiva.org/
- https://www.amazon.com/Perpetual-Wealth-Financing-Prosperity-Generations/dp/B0977PM7JD Show Notes
- The concept of giving forward and its importance for enabling money to keep moving.\
- Kim shares her own experience with microloan organization
- Kiva.org, and how it helped her get money moving during a difficult time
- The book "Busting the Charitable Giving Lies" and its current status
- Discussion of donor advised funds and their benefits for controlling where donations go
- Kim shares her experience of participating in her alma mater's 24-hour giving day and the impact it had on her
- The importance of starting small with charitable giving and how it can put energy and thought behind the causes you care about
- Various methods of giving, from small donations to creating a full public charity
- How families can involve multiple generations in the process of choosing and researching charities to support
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer discuss responsible borrowing and how to use debt to your advantage, particularly when it comes to building businesses or making investments. The conversation emphasizes the importance of having a proper mindset before considering taking on debt and being confident in the ability of the investment or business to generate enough cash flow to pay off the debt.
The podcast also highlights the need for liquidity to cover potential issues such as delays in business profitability or unexpected expenses. In addition, it recommends using bank financing, borrowing against the cash value of life insurance policies or acquiring funds from venture capital, family or other sources as a means of obtaining debt responsibly.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- Discussing responsible debt and debt taken for building businesses and investments
- Building liquidity and why it is important for taking on responsible debt
- Interest rates and the dividing line between good and bad debt
- Approaching OPM (Other People's Money)
- Understanding responsible borrowing from a prosperity perspective
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer discuss the intersection of health and wealth and the importance of investing in personal well-being for long-term prosperity. They emphasize the significant impact of physical and mental health on a person's overall prosperity and ability to think and function optimally. The conversation highlights the benefits of seeking personalized guidance in various aspects of life, such as personal finance, health, and fitness. The hosts suggest trying out services like Viome, which offers personalized nutritional advice based on an individual's unique biology.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://truthconcepts.com/
- https://www.viome.com/ Show Notes
- Kim's appreciation for AI and how it changed her daily life
- The intersection of health and wealth, investing in well-being for long-term prosperity
- The importance of physical and mental health for overall prosperity
- Kim’s personal experiences of how food choices affected her mental and physical wellness.
- The connection between health and the brain
- Kim's realization about her health and mental activity
- Initial experiences with a food coach and learning how to make healthy food choices to improve your health
- Discovering the significance of blood types in diet and how red meat works well for Kim's system
- Undergoing the Viome test to determine personal superfoods, providing a more personalized approach to diet
- The significance and benefits of personalized guidance on food, health, and finances
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer discuss the concept of living for experiences versus living for stuff. They share personal experiences and observations from their careers and highlight the importance of focusing on more meaningful aspects of life, such as relationships and personal growth. The conversation touches on the role of social media in showcasing one's possessions or experiences, and they emphasize the need to be aware of the messages being sent to children about the importance of material possessions. Kim and Spencer also discuss how they incorporate celebration and tradition into their lives in ways that are personally meaningful rather than centered around material possessions.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://truthconcepts.com/ Show Notes
- Discussing living for experiences and focusing on things like hikes in the woods, beautiful sunsets, and family moments instead of showing off material possessions like cars and homes
- Kim shares examples of how small changes and investments in property can make significant impacts on daily experiences such as a swing for relaxation with her dog or a morning walk to feed the alpacas
- How being conscious of living for experiences can extend to teaching the same values to children in the family
- Prioritizing family activities and time spent bonding creates a valuable environment for growth and connection
- Why you should start celebrating your wins
- Kim admits that while she could do a better job, she is happy with her life and her social interactions, despite not celebrating in the traditional sense
- Tying celebration to accomplishments and milestones like annual premium payments for life insurance policies. This way, every time an annual premium is paid, it's an opportunity for a small celebration with a dinner, massage, or another activity as a reward for the effort put in
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer focus on the safest ways to store savings during uncertain times for banks, considering alternatives like mutual life insurance companies and T-bills. The expert, Kim, explains mutual life insurance companies as a secure place for storing cash value, emphasizing the safety of the institution in comparison to banks with fractional reserves. She also encourages people to focus on what's within their control as the dollar isn't going away any time soon and banking systems will continue to be in place. The importance of long-term thinking and following principles is highlighted as essential to financial prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://truthconcepts.com/ Show Notes
- How’s the safety of banks and savings accounts now?
- Mutual life insurance companies as an alternative place to store money
- Prepaid premium accounts in life insurance
- Mutual life insurance companies backed up 100%
- The dollar is still being used by 57% of countries, unlikely to vanish soon
- Cash accessibility is changing, banks storing less physical cash
- Necessity of adapting to current financial systems and control
- Storing cash in T-bills or real estate
- Life insurance as an alternative to T-bills and T-bonds
- Long-established banks and credit unions as safe options for cash storage
- Equity in real estate may be a risky place to store cash
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
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Kim and Spencer talk about the fascinating world of Artificial Intelligence (AI) and its potential to reshape the financial advising industry as we know it. With Kim sharing her firsthand experience from attending the renowned Abundance360 event, this conversation offers valuable insights for listeners who aspire to stay ahead of the curve and harness the power of AI in their practices.
Throughout the discussion, Kim and Spencer emphasize the unique aspects of human interaction that AI will not be able to replace, especially when it comes to raising funds and nurturing valuable client relationships. The significance of emotional intelligence, empathy, and trust cannot be understated, and these irreplaceable qualities are what set human advisors apart in this evolving landscape.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://truthconcepts.com/
- https://embodied.com/ Show Notes
- What Kim’s takeaways are from the Abundance360 event
- The unique human skill of raising money, which is about building relationships and transforming lives, will likely not be entirely replaced by AI
- AI can help pick up on emotions in words and between lines in email interactions, enabling us to get to the human element even quicker
- AI scheduling assistants can take the onus off sales assistants by sending text messages to clients and prospects, filling up calendars without overwhelming email inboxes
- Robots designed as communication devices and playmates for senior citizens can provide them with valuable company and engagement
- Innovations on AI and technology
- While robots may increasingly take up service positions in restaurants and other industries, having a financial advisor for personalized advice is still crucial
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer discuss why paying off your mortgage early may not be the best strategy for financial prosperity, as emotional attachment to homes can lead to emotional decision-making. The time value of money and opportunity cost must be considered, and the best mortgage loan is a 30-year fixed interest rate mortgage paid over time and refinanced until the borrower dies. Redirecting extra mortgage payments towards paid-up life insurance can be more efficient in building an asset that is not taxed. The goal is to keep refinancing, eventually do a reverse mortgage to free up equity, and educate oneself on the concept of time value of money.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://truthconcepts.com/ Show Notes
- Prepaying your mortgage may not actually be a good idea
- The time value of money and opportunity cost are important factors to consider when it comes to mortgages
- A 30-year fixed-rate mortgage is the best option, and it's okay to refinance every 10 years or so
- Emotions often drive decisions regarding mortgages, but it's important to step back and make decisions based on finances and long-term goals
- For those who feel stuck in the belief that they must pay off their mortgage, it can be a difficult hurdle, but withdrawing from the cash value of life insurance may be an option for peace of mind
- Education is key in helping people make informed decisions about their mortgages
- Objectives and methods should be clearly defined to reach financial goals
- Refinancing and reverse mortgages are strategic ways to free up equity
- Contrary beliefs about mortgages may require multiple listens to understand
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
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What’s the meaning of money for you? A lot of people believe that the more money you have, the happier you are. But how can you maintain the balance between your time, your value, and your money?
In this episode, Spencer Shaw and Kim Butler delve into the concept of the time value of money. They take a deep dive into the importance of finding a balance between saving and spending along with valuing time as much as money. Spencer and Kim also share their best practices in looking at money from a long term perspective and promote how you can start finding the balance between time, value, and money.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://truthconcepts.com/ Show Notes
- What is the time value of money?
- How Kim discovered the true value of money
- Using a financial calculator to help you equate, calculate, understand, and function with he concept of the time value of money
- The principle that taught Spencer’s kids to look at their money on a long term perspective
- Time value of money not just a financial principle, but as an economic principle as well
- The connection between time, value, and money
- How to find the balance between time, value, and money
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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The concept of visioneering is believed to help lift people’s chins up and look forward to the future. It can be used to look at the opposite side of a goal: Like paying a s much tax as possible to achieve a higher tax bracket.
For today’s episode, Spencer Shaw and Kim Butler talk about how to create and promote a wealth-building plan, emphasizing the importance of having a vision and diversifying your own portfolio. They also discuss the different tax implications of various retirement vehicles and how real estate can be a great tax shelter.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- Tax-Free Wealth Book: https://www.amazon.com/Tax-Free-Wealth-Permanently-Lowering-Advisors/dp/1947588052
- https://twitter.com/itsdanny_v/status/1630583616601219074?s=51&t=xQQnk6ikx4VnuNXpNvH8xw Show Notes
- Exploring tax-free wealth
- What visioneering is
- Real estate as a tax shelter by balancing tactical and strategic considerations
- Tax-free wealth strategies
- Tax implications of various retirement vehicles
- Establishing a 1099 business and financial planning
- Financial planning and taxation strategies
- Alternative retirement strategies
Special Listener Gift Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
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They say that people die twice: The first time is their physical death and the second time is the last time their names get mentioned.
While life is still ahead of us, should you start preparing as early as now?
In this episode, the conversation between Spencer Shaw and Kim Butler centers around wealth protection and the need for preparing for what to come upon your death. This episode not only covers wealth protection, but also family protection, memory protection, and more.
The conversation emphasizes the importance of capturing personal stories, lessons learned, ideas, and values for the next generation. They talk about preserving your memories through photos and videos using digital storage solutions. Kim also discusses the importance of estate planning and how to prepare for the future. She suggests getting final expenses worked out and decided upon so that the next generation won't be burdened with the cost. Estate planning is important to ensure that one's wishes are taken care of and their family is not left with a financial burden.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- https://protectmyplans.com/
- https://www.heritagecremationprovider.com/
- https://www.fivewishes.org/
- https://twitter.com/businessbarista/status/1622633176081235971
- https://twitter.com/kimdhbutler
- Get access to the Currence app by sending an email to hello@prosperitythinkers.com with the subject “Currence.”
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/ Show Notes
- Protecting digital assets and values for future generations
- How protectmyplans.com can help prevent the lengthy digital assets recovery
- Different prompt questions that will be valuable in getting things recorded in a way that would be helpful to the next generation
- Preserving wisdom for the future generation by recording audios and videos
- Estate planning for long-term prosperity protection by preparing for final expenses
- The benefits of planning for end-of-life decisions on an 80-year-old’s perspective
- Tips to spending time with your grandchildren and family
- Pre-paying funeral costs to save families from extra financial stress
Special Listener Gift Free eBook: Activating Your Prosperity Guide. Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
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After working hard to create your personal wealth, the next step is the need to protect it. And one way to do that is to acquire insurance to protect yourself from major financial loss.
Wealth protection can be achieved through life insurance, taxes, and asset formation. Other strategies such as reverse mortgages, charitable remainder trusts, and single premium immediate annuities are also effective.
In this episode, Spencer Shaw and Kim Butler talk about the different strategies such as to protect liquidity and assets from taxes. They also suggest involving family members in wealth protection by using the Perpetual Wealth Book and game, having family retreats, and talking about values and lessons to pass down.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- Get access to the Currence app by sending an email to hello@prosperitythinkers.com with the subject “Currence.”
- Perpetual Wealth: How to Use "Family Financing" to Build
- Prosperity and Leave a Legacy for Generations: https://www.amazon.com/Perpetual-Wealth-Financing-Prosperity-Generations-ebook/dp/B0965MDDLJ
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/ Show Notes
- What is Wealth Protection?
- Different strategies for minimizing tax expenses
- Impact of taxation on wealth protection strategies
- Benefits of protecting your wealth through whole life insurance
- Real estate wealth protection strategies for long-term financial security
- Exploring different strategies for multiplying retirement wealth
- Involving family members in wealth protection
- Resources for intergenerational wealth transfer
Special Listener Gift Free eBook: Activating Your Prosperity Guide. Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
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We all have money concerns from time to time: We want to continue paying the bills, we want to earn more money for investments, and we want to save more for retirement.
But to start getting the financial freedom and success that you’re aiming for, what’s the first step?
In this episode, Spencer Shaw and Kim Butler discuss the Prosperity Ladder, an infographic created to help people understand their financial situation and progress. Kim explains that the ladder is useful for people of all ages and financial backgrounds, from those just starting to earn money to those who are more established. She also emphasizes the importance of the conversation about personal finance and the impactful view it provides.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- Get access to the Currence app by sending an email to hello@prosperitythinkers.com with the subject “Currence.”
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- Get the Prosperity Ladder Infographic: https://drive.google.com/file/d/1WGnW08W40yAOaLubmjYJbYn6mqyB-KMZ/view Show Notes
- Exploring the Prosperity Ladder
- The different categories of wealth
- The ladder of poverty to prosperity
- Exploring the financial journey from subsistence to prosperity
- Establishing the different savings tools for financial security
- The benefits of opportunity funds and prosperous mindsets for achieving financial prosperity
- Importance of knowing yourself when investing
- Rebranding the word “prosperity” for the next 30 years
Special Listener Gift Free eBook: Activating Your Prosperity Guide. Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Call to Action Get access to our first beta list: Email hello@prosperitythinkers.com using the subject line Cash App
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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Good news Prosperity Thinkers!
After releasing the Currence app, we got positive feedback from users. They’ve already seen positive results such as AHAs and the value of converting conscious spending into unconscious savings.
To get access to the app, send an email to hello@prosperitythinkers.com with the subject line "Currence" today.
In this episode, Spencer Shaw and Kim Butler discuss some of the hidden benefits of the Currence app. With the app, users can convert conscious spending into unconscious savings and have an accountability coach right on their phone to automate good measuring and reporting around savings. Additionally, Spencer and Kim talk about emergency funds and opportunity funds, and the importance of having both.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- Get access to the Currence app by sending an email to hello@prosperitythinkers.com with the subject “Currence.”
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- Check out the article here: Going Through Levels of Wealth Show Notes
- Exploring the benefits of the Currence app
- Why should you start rearranging your financial operations?
- Utilizing Currence to improve your savings exponentially
- Streamlining payroll and savings using the Currence app
- The benefits of life insurance: Taxation and cheat codes
- Tax-free income opportunities through life insurance
- Establishing better habits and understanding emergency funds
Special Listener Gift Free eBook: Activating Your Prosperity Guide. Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Call to Action Get access to our first beta list: Email hello@prosperitythinkers.com using the subject line Cash App
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
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- RSS
When the members work together to achieve the same goal, team collaboration occurs. As each member of the team has their own unique skills, they can help solve the problem from a different angle and provide a more creative solution.
But how can you apply collaboration in your personal life?
In this episode of the Prosperity Podcast, Spencer Shaw and Kim Butler discuss the surprising benefits of collaboration. Kim explains that Dan Sullivan, her coach, and mentor, has talked for years about the importance of collaboration and how much more valuable it is than the competition. She then shares her experience of teaching her children the power of collaboration without intentionally doing so. According to Kim, when children learn something without being forced to, it is always the best and most valuable lesson.
Furthermore, Kim and Spencer discuss how collaboration can be used to create a better future, build strong relationships, and open up new possibilities. They also emphasize the importance of collaboration being done in a respectful and positive manner. Together, they highlight the importance of collaboration and the many positive outcomes that can come from it.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- Check out the article here: Going Through Levels of Wealth Show Notes
- The many benefits of collaboration
- How collaboration works
- Collaboration thru Kim Butler and Dan Sullivan’s eyes and perspective
- Executing collaboration and giving first
- The power of listening and human connection
- Collaboration: The secret sauce to solving problems and connecting with others
- How to become more collaborative
Special Listener Gift Free eBook: Activating Your Prosperity Guide. Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Call to Action Get access to our first beta list: Email hello@prosperitythinkers.com using the subject line Cash App
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
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- RSS
Happy 500th episode of the podcast!
As we celebrate this milestone, for today’s episode, Spencer Shaw and Kim Butler reflect on the journey, noting how listeners have grown with them over the years. They share how they stumbled upon the podcast as a space to communicate with clients and people interested in becoming clients.
Spencer and Kim also discuss the growth of podcasts in the past five years and how technological advances have made them more accessible and easier to produce. They share their insight on how podcasts are different from traditional radio, noting that podcasts are about positive forward motion, rather than focusing on negative historical commentary. Spencer and Kim also believe in lifelong service and want to activate that in everyone they talk to, and they believe the podcast is one way to do that.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- Check out the article here: Going Through Levels of Wealth
Show Notes
- Our goal: To produce a podcast that can provide value to listeners through personal finance advice, information, action steps, and encouragements
- Benefits of podcasts and radio
- Decentralizing talk radio
- The power to gravitate toward achieving prosperity
- One of the “ah-ha’s” of the podcast: When a client is ready to come on
- Financial commentary and intergenerational wealth ideas for 2023 and beyond
Special Listener Gift Free eBook: Activating Your Prosperity Guide. Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Call to Action Get access to your own Cash Flow data by joining our by invitation-only Currence app+account structure. Email hello@prosperitythinkers.com with the subject Currence app+account and we'll invite you in.
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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How can you go from being in the lower middle class to the upper middle class? Is it even possible? If so, how can you go and raise your level of wealth?
For today’s episode, Spencer Shaw and Kim Butler discuss different levels of wealth. They explain that the bottom is an emergency fund, the middle class is often stuck, the upper middle class is when you become an accredited investor, and the upper class is when passive income exceeds expenses.
The middle level of wealth is often where people get stuck because they don't have a clear plan for the next step. To help with this, it's important to create an opportunity fund so you know where to invest your money. Spencer and Kim also highlight the importance of having a clear plan and goal in order to move to the next level of wealth.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- Check out the article here: Going Through Levels of Wealth Show Notes
- Exploring the different levels of wealth
- What the very bottom of wealth looks like
- Moving from middle to upper middle class
- Accelerating social mobility through mindset and relationships
- Upper class is when passive income exceeds expenses
- Why people are stuck in their levels of wealth
Special Listener Gift Free eBook: Activating Your Prosperity Guide. Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Call to Action Get access to our first beta list: Email hello@prosperitythinkers.com using the subject line Cash App
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- Stitcher
- RSS
How do you keep track of your expenses and finances? Do you use the traditional pen and paper to jot down the numbers you’re spending or saving or do you take advantage of the technology to effectively track your finances?
For today’s episode, Spencer Shaw and Kim Butler discuss a new innovation for tracking finances: Currence.
What exactly is Currence?
Currence is an app and account that tracks finances and optimizes them based on the Profit First methodology. It puts all income into its account and automatically schedules payments out of it each month, so users have a better handle on their money.
To get access to the Currence app is by invitation only. Email hello@prosperitythinkers.com with the Subject: “Currence” to get access.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- To get access to the Currence app, it is by invite only. Email hello@prosperitythinkers.com with the Subject: Currence to get access. Show Notes
- The Currence app tracks finances and optimizes them based on the Profit First methodology
- Automatically schedules payments out of your account each month
- What goals to have before you start using the Currence app
- Prosperity Thinkers offers financial advice and guidance
- Helps users take control of their money
Special Listener Gift Free eBook: Activating Your Prosperity Guide. Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Call to Action Get access to our first beta list: Email hello@prosperitythinkers.com using the subject line Cash App
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- Stitcher
- RSS
Whole life is an insurance product that is designed to help families build and store emergency opportunity money. Although it is oftentimes a misunderstood space in personal finance, it is the most valuable tool for building liquid emergency money.
In this episode, Spencer Shaw and Kim Butler discuss the reasons why whole life insurance is a better investment than other options like savings accounts or CDs. They mention that the monthly premium forces you to save, the life policy earns a higher rate of return, and the growth is not taxed. They also talk about how this investment is long-term and can be passed down to future generations.
Spencer and Kim also talk about the advantages of life insurance as an investment. They explain that the industry is regulated by the state, rather than the federal government and that this makes it more trustworthy. They also explain that life insurance companies are mutual companies, meaning that they are owned by their policyholders and that this gives them more control over their own destinies.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- The big WHY: Why should you start whole life insurance?
- What is liquid money?
- The importance of life insurance
- Why whole life insurance is the best way to build wealth
- Benefits of life insurance
- Why the life insurance industry matters
- Working with a mutual life insurance company
Special Listener Gift Free eBook: Activating Your Prosperity Guide. Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Call to Action Get access to our first beta list: Email hello@prosperitythinkers.com using the subject line Cash App
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- Stitcher
- RSS
Do you use artificial intelligence in your personal and business life? How does using AI help simplify your tasks?
In this episode, Spencer Shaw and Kim Butler discuss open AI and how it is changing the world as we know it. They talk about how technology is revolutionizing the way we think about and use artificial intelligence. They also share how this technology is impacting our lives and how we can use it to prosper.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- Innovations in Open AI and technology
- The benefits and risks of Artificial Intelligence
- What the future of AI and bots look like
- What are the benefits of using AI in financial planning?
Special Listener Gift Free eBook: Activating Your Prosperity Guide. Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Call to Action Get access to our first beta list: Email hello@prosperitythinkers.com using the subject line Cash App
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
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What are the things you’re grateful for this year?
The conversation centered around the importance of having a prosperous mindset going into the new year. Spencer and Kim discuss how to shift your mindset to be more prosperous. Kim recommends starting with physical activity to wake up your body and mind, and then connecting with a dog to find joy in the moment.
Kim also mentions that it is important to take some time to reflect on what we are grateful for and to focus on what brings us joy. She said that this will help us overcome any challenges that we may face in the new year.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/ Show Notes
- How next year will be a prosperous one
- Kim’s take on prosperity, physical activity, and gratitude
- How she get her mind to come back and to be prosperous
- Things she’s grateful for
Special Listener Gift Free eBook: Activating Your Prosperity Guide. Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Call to Action Get access to our first beta list: Email hello@prosperitythinkers.com using the subject line Cash App
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- Stitcher
- RSS
Racing to pay zero taxes is a race to the bottom and nobody wins. With the end of the year fast approaching, how can you minimize the amount of tax you’re paying for?
For today’s episode, Spencer Shaw and Kim Butler share the seven different tax-related strategies that people can use to reduce their taxable income. They caution against letting the tax tail wag the financial dog, meaning that people should not pursue tax benefits at the expense of their financial well-being. They also emphasize the importance of understanding opportunity costs when making decisions about taxes.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- Paying zero taxes
- Different investments that can help with taxes
- Benefits and risks of tax-advantaged investments
- Should you contribute to your 401k?
- The seven best tax strategies for the end of the year
- Role of life insurance in your tax strategies
Special Listener Gift Free eBook: Activating Your Prosperity Guide. Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Call to Action Get access to our first beta list: Email hello@prosperitythinkers.com using the subject line Cash App
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- Stitcher
- RSS
People are making money in ways that may seem unconventional, but there are opportunities for making money everywhere. Whether it's selling photos of surfers in Bali or charging people to name their babies, there are ways to make money if you're willing to think outside the box.
In this episode, Spencer Shaw and Kim Butler discuss the difference between money and wealth. Money is everywhere, but wealth is something that is built over time. They also talk about the importance of saving money and investing in yourself in order to be successful.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://twitter.com/jakobgreenfeld/status/1529477419685408768 Show Notes
- Is money truly everywhere?
- The difference between money and wealth
- Making money in unexpected ways
- What Udacity is and how it works
- The importance of starting early when saving and investing
- Money from good and prosperity thinking
Special Listener Gift Free eBook: Activating Your Prosperity Guide. Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Call to Action Get access to our first beta list: Email hello@prosperitythinkers.com using the subject line Cash App
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- Stitcher
- RSS
Is going to college necessary? While a lot of people will argue that everyone should go and get a college education, there are also many successful people who think that going to a university is not for them.
In this episode, Spencer Shaw and Kim Butler talk about college planning and how it can be detrimental to a student’s success. They discuss the new book, Busting the College Planning Lies, how these lies can cause students to waste time and money, and provide advice on how to avoid them. Spencer and Kim also debunked the different college alternatives for families and kids who don’t wish to go to college.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- Busting the College Planning Lies: What is it all about?
- How many people have concerns about funding their kid’s college education
- Major concerns surrounding funding for college
- Cutting costs without cutting value
- College alternatives for the family
Special Listener Gift Free eBook: Activating Your Prosperity Guide. Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Call to Action Get access to our first beta list: Email hello@prosperitythinkers.com using the subject line Cash App
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- Stitcher
- RSS
Should children learn the value of money as early as they can? How can you teach kids to prioritize their needs over their wants, like picking the needs for new clothes rather than wanting a new toy?
For this episode, Spencer Shaw and Kim Butler discuss the importance of teaching delayed gratification and saving money to kids. They talk about the benefits of having an abundant mindset when it comes to money at a young age. Spencer and Kim also reiterate the importance of investing and how it can create more wealth than saving money.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://twitter.com/rajatsonifnance/status/1586350049130414082?s=46&t=pkw-nA-BuCYCFAn1QBuYZQ
Show Notes * What are the 11 money rules for kids? * The benefits of teaching kids to prioritize needs over wants * Practicing delayed gratification * Giving back and counting your blessings * Are mistakes good? * Which has more impact: Saving or investing? * The ten ways to build wealth
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Call to Action
Get access to our first beta list: Email hello@prosperitythinkers.com using the subject line Cash App
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
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- RSS
Delegation can be an effective way to free up time and energy for people to focus on what they are good at. It should be done properly, with clear expectations and responsibilities, and it can also be done within a community, in a business, and within the family.
Spencer Shaw and Kim Butler explain how delegation can be an act of love and in order to delegate effectively, you need to find the best person for the job. They also discuss the concept of delegation in the community and how parents can use it in order to balance their workloads and their family. Spencer and Kim also talk about how delegation can also be a beneficial way to utilize other people’s talents and skills.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- Delegation: The key to efficiency
- How delegation works
- The benefits of delegation in business, in the community, and within the family
- Difference between an audience and a community
- Using delegation in teaching children to learn
- Achieving financial success through delegation
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Call to Action
Get access to our first beta list: Email hello@prosperitythinkers.com using the subject line Cash App
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
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- RSS
What will happen once the dollar crashes? As a lot of people are scared of inflation and its impact, is there a way to minimize its effect?
For today’s episode, Spencer Shaw and Kim Butler talk about how you should focus on what you can control and not worry about the things that you can’t control in terms of inflation. They discuss the current state of the economy and the stock market and how you should start focusing on things that will maintain their value in the long term, like real estate or precious metals, as well as keeping a reserve of cash on hand in case of emergencies.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- What will happen when the dollar crashes?
- The big impact of a potential dollar crash
- Things that you can control that can overcome inflation
- Effect of the rising interest rates on savings and mortgages
- Benefits of dividends from life insurance companies
- Simplifying your savings and automating your assets
- The multiplier effect of money
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Call to Action
Get access to our first beta list: Email hello@prosperitythinkers.com using the subject line Cash App
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
iTunes
Stitcher
RSS
Achieving wealth is about more than just money - it is about putting in place strategies that will enable perpetual wealth in a family. In order to create wealth, it is important to have the right mindset and to be clear about one's values. Success starts in the mind, and Prosperity Thinkers help people to achieve this success.
In this special, bonus episode, Kim Butler speaks with Steve Gordon, the host of The Unstoppable CEO Podcast. Kim talks about how families can achieve perpetual wealth, and how it is something that can be passed down from generation to generation. She also shares how financial education is lacking in our society and how banks and other financial institutions do not teach people how to build wealth. Kim reiterates the value of whole life insurance and having the perpetual thinking of building sustainable wealth.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Who’s The Guest?
Steve Gordon is the host of the Unstoppable CEO Podcast and has published more than 400 articles on marketing and sales for professional services firms. He is a 2-time entrepreneur and best-selling author of the book Unstoppable Referrals. His firm, The Unstoppable Agency helps consultants and digital agencies land great clients by hosting their own podcast and using his proprietary Podcast Prospecting Method.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- Connect with Kim Butler
- Perpetual Wealth Book
- Family Legacy Card Game
- Prosperity Thinkers
- https://www.linkedin.com/in/kimdhbutler/
- https://www.facebook.com/kimdhbutler/
- Connect with Steve Gordon
- https://unstoppableceo.net/
- https://www.linkedin.com/in/gordonsteve
- https://podcasts.apple.com/us/podcast/the-unstoppable-ceo-podcast/id1198412298
Highlights * What is wealth? * The importance of wealth in our lives * Different aspects of wealth * Concepts from the book Perpetual Wealth * How the Family Legacy Game drives conversation * Importance of a legacy mindset * Why long-term thinking in financial planning should be a top priority * Whole life insurance as a perpetual wealth strategy for businesses * Dealing with your digital footprint * The importance of planning your life after death
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Call to Action
Get access to our first beta list: Email hello@prosperitythinkers.com using the subject line Cash App
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
iTunes
Stitcher
RSS
In order to have prosperity, it is important to be grateful for what is there and to be conscious of pulling the good out of whatever the occurrences are. It is also important to be prepared for what one is afraid of and to take action to solve those fears.
In this episode, Spencer Shaw and Kim Butler talk about having a Plan B to protect yourself and your family, in case something goes wrong. Kim believes that humans have the ability to find the good in any situation, no matter how difficult it may be. They also cite examples of financial and weather-related challenges that her clients have faced in the past, and how they were able to overcome them. It is important to have a backup plan in case something goes wrong in life.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- Jay Martin, How to Fix the Financial System (with Russell Gray and Brien Lundin)
Show Notes * Plan B as a main street knowledge * Having whole life insurance as part of his plan B as a place to store cash * The power of optimism in the face of adversity * How to prosper in any economic climate * The benefits of cash value life insurance * Importance of long-term thinking in money management * Why you should have a Plan B for your family’s financial future
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Call to Action
Get access to our first beta list: Email hello@prosperitythinkers.com using the subject line Cash App
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Giving back is an important part of living a prosperous life, and there are many ways to do it. One way is to save up for an emergency fund or an opportunity fund. This money can be used to help others in need or to invest in something that will improve someone's life.
In today’s episode, Spencer Shaw and Kim Butler discuss the importance of taking vacations and spending time doing things that you enjoy, rather than working all the time. They talk about how retirement is a social construct that doesn't really benefit anyone, and how you should save and spend your money based on your own values rather than what others around you are doing. Kim also shares the principle of giving first and explains how this can help people get unstuck and achieve their goals. She mentions how giving is an ongoing process, and how it takes daily work to maintain a give-first mentality.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
https://kiva.org/
Show Notes
- If you are helping others live a prosperous life or deal with emergency and opportunity funds, where should the other money go?
- Ways you should save and spend your money
- Why Kim decided to donate to Kiva
- The power of giving forward
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Call to Action
Get access to our first beta list: Email hello@prosperitythinkers.com using the subject line Cash App
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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Giving back is an important part of living a prosperous life, and there are many ways to do it. One way is to save up for an emergency fund or an opportunity fund. This money can be used to help others in need or to invest in something that will improve someone's life.
In today’s episode, Spencer Shaw and Kim Butler discuss the importance of taking vacations and spending time doing things that you enjoy, rather than working all the time. They talk about how retirement is a social construct that doesn't really benefit anyone, and how you should save and spend your money based on your own values rather than what others around you are doing. Kim also shares the principle of giving first and explains how this can help people get unstuck and achieve their goals. She mentions how giving is an ongoing process, and how it takes daily work to maintain a give-first mentality.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
https://kiva.org/
Show Notes
- If you are helping others live a prosperous life or deal with emergency and opportunity funds, where should the other money go?
- Ways you should save and spend your money
- Why Kim decided to donate to Kiva
- The power of giving forward
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Call to Action
Get access to our first beta list: Email hello@prosperitythinkers.com using the subject line Cash App
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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Lazy assets are those that do not generate income or require much effort to maintain. They are typically seen as a drag on finances, and can even be dangerous if they are not properly managed.
While lazy assets may seem like a cure-all for those looking to make money with very little effort, there are some downsides to consider — which is what Spencer Shaw and Kim Butler discuss for today’s episode.
Spencer and Kim differentiate lazy assets from working assets, as well as the different assets that can be categorized under lazy assets. They also share how you can start multiplying your lazy assets and make them work better for you.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
How to Multiply Your Money - A Cure for Lazy Assets
Show Notes
- What are lazy assets?
- Lazy assets vs Working assets: What are the biggest differences between the two?
- The different assets that cannot be considered lazy assets
- How can you start multiplying your lazy assets?
- Paying business bills with borrowed against cash value dollars
- What are the different tiers of assets banks have
- What is Airbnb arbitrage?
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Call to Action
Get access to our first beta list: Email hello@prosperitythinkers.com using the subject line Cash App
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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Lazy assets are those that do not generate income or require much effort to maintain. They are typically seen as a drag on finances, and can even be dangerous if they are not properly managed.
While lazy assets may seem like a cure-all for those looking to make money with very little effort, there are some downsides to consider — which is what Spencer Shaw and Kim Butler discuss for today’s episode.
Spencer and Kim differentiate lazy assets from working assets, as well as the different assets that can be categorized under lazy assets. They also share how you can start multiplying your lazy assets and make them work better for you.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
How to Multiply Your Money - A Cure for Lazy Assets
Show Notes
- What are lazy assets?
- Lazy assets vs Working assets: What are the biggest differences between the two?
- The different assets that cannot be considered lazy assets
- How can you start multiplying your lazy assets?
- Paying business bills with borrowed against cash value dollars
- What are the different tiers of assets banks have
- What is Airbnb arbitrage?
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Call to Action
Get access to our first beta list: Email hello@prosperitythinkers.com using the subject line Cash App
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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If you're like most people, you probably have a few hundred dollars in your savings account that you consider your "emergency fund." But what if I told you that you could have a cash reserve that was 10 times that size?
For today’s episode, Spencer Shaw and Kim Butler talk about how you can start your own emergency slash opportunity fund and start taking advantage of the opportunities from your cash on hand. Kim also shares what her best practices are when it comes to recalibrating her life. Additionally, Spencer and Kim discuss how you can start with opportunity and prosperity thinking and use the money to gain even more money.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- How much should be your emergency slash opportunity fund?
- When is the best time to take advantage of the opportunities from your cash on hand?
- What is an emergency opportunity fund and what are the advantages of keeping one?
- How you can start with opportunity and prosperity thinking
Kim’s best practices when she wants to sit back and recalibrate - Cash App: How you can start using it
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Call to Action
Get access to our first beta list: Email hello@prosperitythinkers.com using the subject line Cash App
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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The 0% tax bracket is a race to the bottom. It's a mentality that big stores such as Walmart support, where the goal is to pay as little in taxes as possible. This hurts everyone in the long run because it means less money for things like infrastructure and education.
In today’s episode, Spencer Shaw and Kim Butler talk about the importance of NOT focusing on 0% taxes. They argue as to why the race to the bottom mentality can actually hurt people in the long run, rather than helping them financially. Spencer and Kim also discuss the difference between paying more and paying fewer taxes and which you should choose to reach your financial goals.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- Why 0% taxes is something you should not be focusing on.
- What is the race to the bottom mentality and why are big stores such as Walmart supporting this?
- Paying more tax or less tax: Which hurts more?
- The huge difference between financial math and school math.
- What is the appropriate principle of prosperity that we should focus on?
- How does the multiplier effect work?
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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There's never been a better time to start than now. Why? Because you can't predict the future, and things could always get worse. So if you're thinking about starting something new, whether it's a business or a relationship or anything else, now is the time to take action.
For today’s episode, Spencer Shaw and Kim Butler talk about the best time to take action. Together, they discuss the big connection between starting a business and getting your own policy, and why the best time to start taking action is NOW.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- What Spencer was extremely grateful for while working on a neighbor’s sawmill
- When is the best time for us to take action and do things?
- The big connection between starting a business, planting a tree, and getting your own policy.
- Why now is the best time to start taking action?
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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Whole life insurance has been around for a long time, and for good reason. It's a type of insurance that can provide you with coverage for your entire life, as long as you continue to pay the premiums. This can be a great option if you want to make sure your family is taken care of financially in the event of your death.
For today’s episode, Spencer Shaw and Kim Butler talk about the many advantages of overfunding your whole life insurance and treating it as your savings account. They share how you can start building your life insurance portfolio and when is the best time to do so. Spencer and Kim also differentiate term insurance and whole life insurance and which will work better for you.
Building your own insurance portfolio can be expensive, but it will benefit you and your family in the long run.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- What the history behind whole life insurance is
- Why people are buying whole life insurances
- What the differences are between term insurance and whole life insurance
- What are the advantages of overfunding the policy
- Why Kim decided to get serious about buying, stacking, and building her insurance portfolio
- When is the best time to start building your life insurance portfolio
- What are the benefits of overfunding whole-life insurance
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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We all know the saying, "There's no such thing as a stupid question." And yet, we often find ourselves holding back from asking questions, for fear of sounding foolish.
But the truth is, asking questions is one of the most powerful things you can do. Good questions can help you learn more about someone or something, get to the heart of a problem, and build better relationships.
For today’s episode, Spencer Shaw and Kim Butler talk about how you can start asking really good questions when speaking with other people. They share what questions to ask to prepare for a conversation and what tips to keep in mind whenever you ask questions.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- Hero on a Mission by Donald Miller
Show Notes * Why you should start asking really good questions * What questions Kim loves asking when speaking with other people * What questions to ask to prepare * Tips to keep in mind when you ask questions * How you can do better with your finances
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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It's no secret that family traditions are important. They help us feel connected to our loved ones and give us a sense of belonging. But what happens when those traditions change?
For today’s episode, Spencer and Kim talk about old and new traditions. They share why creating new traditions can help bridge the gap between the older and the newer generation. Spencer and Kim also describe how families can stay connected and continue to grow together by having positive family traditions.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- Perpetual Wealth book
- Family Legacy Card Game
Show Notes * Why talking about family traditions is a very important topic * What kind of family traditions do Kim and Spencer’s families have * The differences between old and new traditions * The importance of having a positive focus
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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Do you ever feel like you're stuck in a rut, just going through the motions day after day? If so, you're not alone. A lot of people feel that way at some point in their lives. But the good news is, it doesn't have to be this way. You can choose to break out of your routine and learn something new.
For today’s episode, Spencer Shaw and Kim Butler talk about learning new skills that can help you feel more fulfilled and motivated. They also discuss why it is important to choose your own thing to learn. If you're looking for a way to improve your life, why not start learning something new?
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- Tim Ferriss
Show Notes * What the movie Thirteen Lives is all about * What additional constraints you can learn or do at home * Why it is important to choose your own thing to learn * How you can start gaining new skills * How you can increase the speed and pace at which you get to learn whatever the skill is that you want to learn
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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As a parent, one of the things you worry about is your kids' safety. You want them to be safe when they're driving, and you want to make sure they have the right insurance in case something happens.
Unfortunately, insurance rates for teenage drivers are rising. In some cases, they're doubling or even tripling. But before you start panicking about the cost, it's important to understand why this is happening. And more importantly, how you can use this as an opportunity to protect your family's assets.
For today’s episode, Spencer and Kim tackle why insurance companies are starting to catch on to the fact that teenage drivers are more likely to get into accidents than adults and more likely to make claims on their insurance policies. They talk about connections between car, home, and personal liability umbrellas. Spencer and Kim also defend why setting up a personal liability umbrella is not an additional expense, but additional protection for yourself.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- How the increase in insurance prices for teenage kids is actually a good thing
- Why paying more is an opportunity to reflect, look, and approach things differently
- What are the connections between car, home, and personal liability umbrellas are
- What the purpose of having a personal liability umbrella is and why you should have it
- What kind of life insurance policy should you set up once your kids move out of your home?
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
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As a parent, one of the things you worry about is your kids' safety. You want them to be safe when they're driving, and you want to make sure they have the right insurance in case something happens.
Unfortunately, insurance rates for teenage drivers are rising. In some cases, they're doubling or even tripling. But before you start panicking about the cost, it's important to understand why this is happening. And more importantly, how you can use this as an opportunity to protect your family's assets.
For today’s episode, Spencer and Kim tackle why insurance companies are starting to catch on to the fact that teenage drivers are more likely to get into accidents than adults and more likely to make claims on their insurance policies. They talk about connections between car, home, and personal liability umbrellas. Spencer and Kim also defend why setting up a personal liability umbrella is not an additional expense, but additional protection for yourself.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- How the increase in insurance prices for teenage kids is actually a good thing
- Why paying more is an opportunity to reflect, look, and approach things differently
- What are the connections between car, home, and personal liability umbrellas are
- What the purpose of having a personal liability umbrella is and why you should have it
- What kind of life insurance policy should you set up once your kids move out of your home?
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- Stitcher
- RSS
Pets are often considered to be part of the family, and as such, their well-being is important to pet owners. Pets can bring joy, companionship, and even health benefits to their humans. But they can also come with unexpected costs, like veterinary bills. Pet insurance can help cover these costs and give peace of mind to pet owners
For today's show, Kim and Spencer sit down to discuss pet insurance. They talk about why it's important to get insurance for your furry friends, and how it can help you in the long run. Just like any other family member, you want to make sure they're well protected in case of an emergency. That's where pet insurance comes in.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- Article: Pet Finance: Putting a price tag on a dog’s life through economic modeling
Show Notes * What’s the purpose of having a dog in your life * What pet insurance is * What are the different types of insurance for your pets * How opportunity cost is measured * Why is doing a needs analysis a very incorrect mathematical formula to figure out your life insurance need * How human life value is computed
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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Pets are often considered to be part of the family, and as such, their well-being is important to pet owners. Pets can bring joy, companionship, and even health benefits to their humans. But they can also come with unexpected costs, like veterinary bills. Pet insurance can help cover these costs and give peace of mind to pet owners
For today's show, Kim and Spencer sit down to discuss pet insurance. They talk about why it's important to get insurance for your furry friends, and how it can help you in the long run. Just like any other family member, you want to make sure they're well protected in case of an emergency. That's where pet insurance comes in.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- Article: Pet Finance: Putting a price tag on a dog’s life through economic modeling
Show Notes * What’s the purpose of having a dog in your life * What pet insurance is * What are the different types of insurance for your pets * How opportunity cost is measured * Why is doing a needs analysis a very incorrect mathematical formula to figure out your life insurance need * How human life value is computed
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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When faced with a huge problem, can you still face it with a positive outlook even if you are full of emotions? Yes, you can!
Everyone is entitled to abundance and prosperity, but it’s not just handed to you easily. In order to attract it and have a property mindset, you also have to change your thoughts and beliefs towards it. And that’s what Spencer and Kim talked about for today’s episode.
For today’s show, Spencer and Kim share the simple steps to being a prosperity thinker. They explore how you can look for positive possibilities even if everything around you is experiencing problems. Spencer and Kim also talk about how important it is to broaden your perspective and your point of view. They highlighted how you can get yourself out of the fear mode to the prosperity thinking mode and find the solution even if you are full of emotions.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- What is happening in Kim’s local and how does it affect the whole America
- How to look for the positive possibilities
- Why it is important to broaden your perspective and your point of view
- How you can get yourself out of the fear mode to the prosperity thinking mode
- How to help someone experiencing a lot of emotions
- How often the solution appears at the very beginning
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
- iTunes
- Stitcher
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When faced with a huge problem, can you still face it with a positive outlook even if you are full of emotions? Yes, you can!
Everyone is entitled to abundance and prosperity, but it’s not just handed to you easily. In order to attract it and have a property mindset, you also have to change your thoughts and beliefs towards it. And that’s what Spencer and Kim talked about for today’s episode.
For today’s show, Spencer and Kim share the simple steps to being a prosperity thinker. They explore how you can look for positive possibilities even if everything around you is experiencing problems. Spencer and Kim also talk about how important it is to broaden your perspective and your point of view. They highlighted how you can get yourself out of the fear mode to the prosperity thinking mode and find the solution even if you are full of emotions.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- What is happening in Kim’s local and how does it affect the whole America
- How to look for the positive possibilities
- Why it is important to broaden your perspective and your point of view
- How you can get yourself out of the fear mode to the prosperity thinking mode
- How to help someone experiencing a lot of emotions
- How often the solution appears at the very beginning
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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With more and more people worrying about inflation and its effects, when is inflation good for you? Are there benefits from inflation that you can benefit from?
For today’s episode, Spencer and Kim talked about the good side of inflation: When and how people can benefit from it. They discussed how fixed policies like whole life can benefit from inflation. Spencer and Kim also describe the importance of getting your loan interests fixed and locked in, even if you’re paying a slightly higher rate.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes * What the three benefits of inflation are * What financial calculators you can use to figure out what interest rate to use * How fixed policies like whole life can benefit from inflation * How long business loans are locked in * How you can teach inflation and the value of money to kids
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Should families be open to each other’s financial situations? What if you are embarrassed to share your current financial standing with the people around you?
For today’s episode, Kim and Spencer take a deep dive into the importance of discussing your finances with the family. They describe the different ways of providing and getting help as well as how the different prosperous families get prosperous and stay prosperous. Additionally, Kim and Spencer share how the team helps the Prosperity Thinkers Community implement the ideas of perpetuity and how it worked for 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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information on this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- What last episode’s topics were
- How the Prosperity Pledge can help you and your family
- What are the different ways to provide help and get help
- What the very definition of not complaining is
- How prosperous families get prosperous and stay prosperous
- How Kim and her team help the Prosperity Thinkers Community implement the ideas of perpetuity
- How it worked for Spencer and his family
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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If you like what you hear please leave a review by clicking here
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Do you use apps to keep track of your finances? What kind of application works for you and which doesn’t? Apps can be a hit or miss: It might work for others, but it might not work for you.
Thankfully, Kim and Spencer talk about a life-changing app that will not only help you in keeping track of your finances, but it can also be an eye opener on which categories you’re spending too much (or too little). For today’s episode, Kim and Spencer introduce the Prosperity Pledge and how it works. They also share what the differences are between the Prosperity Pledge and other finance applications today.
As Kim and Spencer delve deeper into the topic, you will discover how using the Prosperity Pledge will not only benefit you but also the whole family in the long run. You will also learn why using these apps can help not only save money but grow it over time.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information on this episode go to https://prosperitythinkers.com/podcasts/
- https://prosperitythinkers.com/product/prosperity-pledge/
Show Notes * What the Prosperity Pledge is * What the difference is between other finance apps and the Prosperity Pledge * Why the Prosperity Pledge is a must-use app * What are the three different courses or learning applications are * How the Prosperity Pledge works * How the Prosperity Pledge can be a game changer for clients who are using the app * How the app can help a family as a whole
Special Listener Gift * Free eBook: Activating Your Prosperity Guide. * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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- RSS
Do you use apps to keep track of your finances? What kind of application works for you and which doesn’t? Apps can be a hit or miss: It might work for others, but it might not work for you.
Thankfully, Kim and Spencer talk about a life-changing app that will not only help you in keeping track of your finances, but it can also be an eye opener on which categories you’re spending too much (or too little). For today’s episode, Kim and Spencer introduce the Prosperity Pledge and how it works. They also share what the differences are between the Prosperity Pledge and other finance applications today.
As Kim and Spencer delve deeper into the topic, you will discover how using the Prosperity Pledge will not only benefit you but also the whole family in the long run. You will also learn why using these apps can help not only save money but grow it over time.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information on this episode go to https://prosperitythinkers.com/podcasts/
- https://prosperitythinkers.com/product/prosperity-pledge/
Show Notes * What the Prosperity Pledge is * What the difference is between other finance apps and the Prosperity Pledge * Why the Prosperity Pledge is a must-use app * What are the three different courses or learning applications are * How the Prosperity Pledge works * How the Prosperity Pledge can be a game changer for clients who are using the app * How the app can help a family as a whole
Special Listener Gift * Free eBook: Activating Your Prosperity Guide. * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
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People are more focused on the short-term by nature. Many think that it is easier to center on the short-term gains and goals and neglect the longer-term dreams and goals. Little do people know that long-term thinking can bring to life the exciting possibilities of what’s to come.
In this episode, Spencer and Kim talk about the differences between long-term and short-term thinking. They share how these types of thinking affected their lives and how long-term thinking became useful, especially when it came to their life decisions. Spencer and Kim also gave a glimpse of the two new exciting updates from Kim: The Family Legacy Game and the Perpetual Wealth Workbook.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- Family Legacy Card Game
- Perpetual Wealth Workbook
Show Notes * How long-term thinking is most useful in a volatile market * How long-term thinking has helped Kim * What short-term thinking is * The differences between short-term and long-term thinking * How the daily actions in your life involve short-term and long-term thinking * What stoic philosophy is * The Family Legacy Game * How the Perpetual Wealth Workbook can help you
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Don’t be fooled by the promise of easy wealth: They hide giant risks and you might lose money. Instead, you should spend your time learning how to build your wealth and adopt a win-win mindset.
Kim welcomes Tom Wheelwright to talk about his new book: The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make. Together, they talk about why Tom decided to use that title and about his goals for writing the book. Tom also discusses the liability umbrella policy and why it is essential. Additionally, Kim and Tom break down the difference between term and permanent insurance and why you should get both, especially when protecting not only your life but your assets.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- Connect with Tom Wheelwright
- The Win-Win Wealth Strategy with Tom Wheelwright
- https://tomwheelwright.com/
- https://wealthability.com/tom/
- https://www.linkedin.com/in/tomwheelwright
- https://www.facebook.com/Tom.Wheelwright.CPA/
- https://www.youtube.com/channel/UCdqKCRdapuU1DFRu3fGeL0g
- https://twitter.com/tom_wheelwright
Show Notes * Why Tom decided to name his book “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” * Who are the two most important people in your professional life are * What is it about human nature that makes us feel like we have to get a win and we don't think about the other side of the win * The importance of a liability umbrella * Why Tom likes the umbrella policy * What is term insurance and why it is important? * The difference between term insurance and permanent insurance * What his views are regarding commissions
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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If you like what you hear please leave a review by clicking here
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Some families converse easily, but there are others who don’t. There are some who find it easy to get along with others, do fun activities together, and even work out problems along the way, but not all families have strong bonds like that.
For this episode, Kim and Spencer speak about gathering your family's stories and legacies. Kim walks down memory lane as she narrates what epiphany she had, how her perspective shifted and made her weekends more enjoyable. They share how to tie in the generational piece with storytelling. Kim and Spencer also talk about different habits when it comes to sharing a failure and learning and how the Family Legacy game can bring families closer.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- What the legacy element best pairs with
- What positive results storytelling can bring
- How to ask questions to get the specifics of a story
- The epiphany Kim had shifted her perspective and made her weekends more enjoyable
- How to tie in the generational piece with storytelling
- What is Kim’s family habit when it comes to sharing a failure and learning
- What the Family Legacy game is about
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Stories play an important role in the development and growth of your kids. Reading helps with their confidence level, as well as coping with learning, language, and feelings.
But did you know that as an adult, you can also learn a lot from children’s books?
Spencer and Kim center their conversation around the book, America's History: A Tuttle Twins Series of Stories, a 240-page storybook that teaches inspiring stories and powerful ideas from the nation’s pasts, and helps empower kids to live their best lives today. They also talk about the values that kids can adapt from the book, as well as their top takeaways from reading it. Spencer and Kim conclude that even if it’s a children’s book, the Tuttle Twins series can change anyone’s perspective and can give clarity about things that we probably are not clear about.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- The Tuttle Twins
Show Notes * Who Connor Boyack is * What the story behind the book, America’s History: A Tuttle Twins Series of Stories, is * What the signs of a really good writer are * How is the A Tuttle Twins book different from other children’s books * What are the values of the stories from the A Tuttle Twins books that children can adapt to * Kim’s top takeaways from reading the book * What’s the problem with the current history
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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When a company is experiencing financial difficulties, the owner can go through the process of deleveraging their balance sheets and their business. Deleveraging reduces debt and the risks to avoid bankruptcy. But the big question is: How can you go about it?
For today’s episode, Kim and Spencer circle their discussion around deleveraging. Together, they talk about how you can apply to leverage and deleverage your business. Kim and Spencer also share when is the best time to deleverage and how it can work for you, as the business owner, and your business.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information on this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- What deleveraging is
- How you can apply leveraging to your business
- Why people are doing generational harvest
- When the best time to deleverage is
- How deleveraging should work for you and your business
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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When you have money to spare, what are the best investments to have? What’s the assurance that the money you’ll spend on a property or investment is going to grow, especially during inflation?
For today’s episode, Kim and Spencer answer different questions surrounding inflation. They talk about what you should do about inflation and when is the best time to start investing. To get the value out of your hard-earned money, Kim and Spencer teach how a prosperous thinker thinks so that you can start getting the assets that will give you the most peace of mind.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information on this episode go to https://prosperitythinkers.com/podcasts/
Show Notes * What happened to Spencer during his time working at the farm * The first thing you should do about inflation * When you should buy acts * What the characteristics of a prosperous thinker are * The most peace of mind-oriented asset that you can own * What the cash value of life insurance can do
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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To express your viewpoint and for others to answer the questions you have set, raising arguments is a good standpoint. Arguing can help structure the conversation and even guide the person you’re talking to to the different points of the conversation.
For this episode, Spencer and Kim circle their talk around arguing. First off, they discuss the concept from Alex Epstein's book, Fossil Future. Spencer and Kim talk about what arguing to 100 and arguing to zero are, the results of arguing to zero, as well as the new styles of arguments. They also argue on the differences between life insurances and investments, and what benefits people can get from getting one.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- Fossil Future
Show Notes * The concept from Alex Epstein's book, Fossil Future * What the two frameworks of a life insurance product are * How the language of understanding and comparing correctly works * Examples of arguing to 100 * What the results of arguing to zero are * What the difference between life insurances and investments * The guarantees of a life insurance * What the new styles of arguments are * How you can take the arguments that people may want to have while giving them the truth
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
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Are all debts considered to be bad debts? If not, what’s the difference between a good debt and a bad debt?
For today’s episode, Spencer and Kim talk about the difference between a good debt and a bad debt. They break down the characteristics of the two kinds of debts, along with the different kinds of debts and home equity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- Busting the Interest Rate Lies
Show Notes * What the difference between good debt and bad debt is * Examples of good debts * Where does the consideration of the asset and liability mix in when looking at good debt * Mortgage as a good debt * Where the peace of mind should truly come into play when it comes to making payments on the debt * What home equity is
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Not taking control of your finances could lead you to having difficulties paying and saving for things. If you find yourself with no savings and spending more than what you earn, it’s time to drop your bad spending habits and start building better financial habits.
For this episode today, Spencer and Kim talk about inversion thinking and bad finances. They share the essential pieces of bad finances and how you can resolve them. Spencer and Kim also open up about something exciting, the Prosperity Pledge, which will help you in building better money habits that can increase your wealth and set you up for financial success.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes * What inversion thinking is * What would bad finances look like * The essential pieces of bad finances * How to resolve bad finances * What to look out for: The Prosperity Pledge * How Kim sets an action rhythm when trying to solve a problem
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Feeling the need to be in control is natural. You can feel at your best if you know exactly what is going on in the different areas of your life. However, you can never control everything: What other people think of you, losing a loved one or how others behave, to name a few.
Luckily, there are things that you can manage and control in your life — and that is the center of today’s discussion with Spencer and Kim.
Spencer and Kim talk about the two things that you can control in life: Thinking and calendar management. They share the different practices that they keep to heart in order to control their own calendar, especially for high achievers. Spencer and Kim also break down what controlling thinking is and how shifting your thoughts can work for you, which in return, can help you control your money, your behavior, and other aspects of your life.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- The two things that you can control
- How you can take control of your calendar
- How to encourage your younger kids to get started on calendar control
- Kim and Todd’s own practice of calendar control to get things done
- How you can practice calendar control
- For high achievers, what’s the best way to take control of your calendar?
- What controlling your thinking means
- How shifting the thought can work for you
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Is retirement a scam?
Once you retire early, can you picture what you would like to do to fully enjoy your years of freedom?
Spencer and Kim revolve their conversation around the major part of life that most people tend to overlook: Retirement. You might be excited to get off work, but once you’re free from your professional and business obligations, what will you do in life?
In this episode, Spencer and Kim discuss the need of having a different mindset in approaching your after-work years, as retirement should not be a punishment. They break down how you can use your well-deserved freedom after working 30 or 40 years in finding and creating an environment that will give you time for hobbies or anything that you want to do.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://twitter.com/joecassandra
Show Notes * Is retirement a scam? * What happens after retirement * The different problems that the government forces people into * One of the biggest fallacies around retirement * Retirement as an extremely selfish way of living * What people in retirement should do to sharpen their minds and enjoy their freedom
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Are there things that you tend to overlook?
Spencer and Kim revolve their conversation around the invisible thing that we often overlook: intention. It sneaks into our lives, and the decision to observe and act on it is in our hands. However, if it’s the other way around, we might be forced to reckon with it in the future.
In this episode, you will learn some essential critical points on developing intention habits on savings and handling finances. Ways to save time during the learning process will also be revealed!
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Show Notes
- Learning to activate finances
- The intentional space
- Getting help is a win-win situation
- Developing good habits in finances
- Asset Automation
- The importance of having a grateful heart
- Why hard work builds the machine
Links and Resources from this Episode
For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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What is a good or bad financial strategy??
For today’s episode, Kim and Spencer talk about the traits of good and bad property owners and how they differ from one another. These comparisons are made throughout various points and questions. You will also learn why making your money grow, is a choice.
As Kim and Spencer delve deeper into this topic, you will discover how ongoing savings are equally significant as nurturing the mind. And they will also share why putting money into things unaffected by outside forces is essential.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Show Notes
- Relation of property owner traits to finances
- What is the McDonald mentality?
- Tenant relationships in different lenses of property owners
- Why attention and focus is paramount in the personal financial space
- Hiring the best vendors
- Money movement creates a shift on everything
- The Kiva Movement
- Using a broker to list the property to sell?
- To learn is to share
Links and Resources from this Episode * For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/ * Make a loan, change a life - Kiva
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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With every chance and opportunity that comes your way, what do you do with them?
Today's bonus episode is the third and last episode of the podcast series on Kobi Yamada's three children's books. Kim, and her sister Tammi, continue their entrepreneurial conversation by discussing the third book, What Do You Do With a Chance.
The final book has more color in its illustrations than the previous one. Kim and Tammi touch on the significance of believing in every opportunity and idea you deserve and that you need to be bold in claiming your chances in life.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Show Notes
- Why we should not ignore chances
- Letting go of fears and hesitations
- What is meant for you will fuel you with enthusiasm and excitement
- Taking on chances will teach you the right way to go
- Avoidance of failure culture shuns opportunities away
Links and Resources from this Episode * For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/ * Wealth Renegade Podcast * What Do You Do With a Problem by Kobi Yamada
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Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Do you want to attain a prosperous life?
For today’s episode, Kim and Spencer discuss the three mistakes in handling finances. People want to have a life full of prosperity, yet little did they know that they should avoid financial miscalculations.
As Kim and Spencer delve deeper into this topic, you will find out how essential attitude, people you spend time with, mindset, and perception are. They are the building blocks of financial success.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Show Notes
- Present and future value of money: the usage of financial calculators
- How inflation can affect the value of money
- Series of payments and interest rate
- Wrong information from financial people
- Busting the interest rate lies
- Retirement programs
- Life insurance during emergencies
- Robert Kiyosaki's cashflow game
Links and Resources from this Episode * For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/ * Prosperity Thinkers Newsletter Sign Up * Book - Busting the Interest Rate Lies: Discover the Whole Truth About Money and How You Can Keep Control of Yours
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Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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What do you do with a problem you are currently facing?
Kim, and her sister Tammi, continue the second part of a podcast series on Kobi Yamada's three children's books for today's bonus episode.
Kim and Tammi want to talk about these books through the lens of an entrepreneur. However, though the book is as delightful as the first one in this particular episode, the illustration is a bit sadder. This is because it leans more towards solving a problem.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Show Notes
- Reconstructing the negative perception on a problem
- Why most business owners run away from a problem
- What to do with a problem
- Why worry makes the problem bigger
- A positive focus
Links and Resources from this Episode * For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/ * Wealth Renegade Podcast * What Do You Do With a Problem by Kobi Yamada
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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There is a gap between the rich and the ultra wealthy.
For today’s episode, Kim and Spencer give their sentiments on the YouTube Channel called Rich versus Really Rich. This channel usually creates shorts, reels, and tech talks. In the video, a guy plays three roles: rich guy, manager of a business, and a really rich guy.
As Kim and Spencer delve deeper into this topic, you will find out the difference between a rich and a really rich guy in terms of actions and how they talk. They will also discuss how mindset and self-identity play an essential role in this discourse.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Show Notes
- Talk and act: knowing the difference between the rich and really rich
- Knowing who you really are
- Why is mindset important?
- Who always takes advantage of opportunities?
- Attitudes with the daily activities
- Collaboration, respect, and kindness: treating people equally
- Importance of focusing on the constraint
- Faith as an aspect of prosperity
- The value of paying someone in exchange for their expertise and service
- What happens when decisions are made out of fear?
Links and Resources from this Episode * For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/ * Rich vs Really Rich channel
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Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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What do you do with an idea you recently thought about?
For today's bonus episode, Kim and her sister Tammi, start a series of podcasts based on three kids' books.
Kim and Tammi want to talk about these books through the lens of an entrepreneur. They believe that children's books contain principles directly applicable to running a business. As they discuss, they tackle the first of the three books written by Kobi Yamada, What Do You Do With an Idea.
Imagine how a 20-page book can contain a 200-page worth of business lessons. With its amazing pictures, kids can quickly grasp powerful messages with their young minds.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Show Notes
- Books written by Kobi Yamada
- How kids books contain business-applicable principles
- What to do with an idea
- Why ideas seem to be fragile for us
- The idea has to have love with it
- Importance of commitment and time
Links and Resources from this Episode * For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/ * Wealth Renegade Podcast * What Do You Do With an Idea by Kobi Yamada
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Focus on preparing instead of planning.
For today’s episode, Kim and Spencer take a deep dive into the principle and value of preparing rather than planning for your future.
As they contend on the topic of focus, Kim also shares the learnings she got with her training and experiences as an advisor and what it really looks like working with prosperity-minded people when it comes to preparing for what is yet to come.
Kim and Spencer also discuss what real estate and life insurance have in common and why listeners should start listening to the Wealth Renegade Podcast. They also talk about what sustainable wealth is and why it is important to start building one.
Sustainable wealth is having wealth that will sustain your family, sustain you both mentally and in times of emergency and opportunity. So instead of planning, start preparing for your sustainable wealth and foundational items. They’ll be there for more centuries in the future.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Show Notes
- The value of preparation over planning
- What Kim learned with her training as an advisor
- How it looks for Kim as she works with prosperity-minded people
- How being single or not matters when it comes to deciding what your protection and preparation plans should be
- What sustainable wealth is and why is it important?
- What real estate and life insurance have in common
- The Wealth Renegade podcast
Links and Resources from this Episode * For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/ * Wealth Renegade Podcast
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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People by nature always want fast results.
In this episode, Kim and Spencer argue that taking a long-term approach to investment will yield a greater reward than short-term investments, despite their seeming convenience.
Their conversation revolves around insurance as a place to store cash for the future and why it is essential to have confidence as an entrepreneur. They also share how to prospect with certainty and prosperity.
In life, our desires are often motivated by fast results. We want to lose weight in 10 minutes at the gym and have a better body. But we learn that this isn't sustainable or healthy; if you want something bad enough, it will take time – just like your financial goals need time to mature into something lasting. You need to be ready for the long game. You don't have to be a millionaire to start investing.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Highlights:
- The difference between a prospect and a client.
- Why investment and finance is a long-term journey.
Insurance as a place to store cash. - The importance of building relationships and helping people in prospecting confidently.
- Certainty and prosperity for both prospects and clients.
Links and Resources from this Episode
For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Money is not everything, it affects everything.
In this episode of Prosperity Thinkers, Spencer and Kim talk about the importance of paying attention to Economic Laws and how a business runs its personal finances. The said practice will lead you to success in terms of finance.
According to them, personal finance is a capital flow that passes through the family to be preserved and controlled. Because of the misconceptions that exist, it is important to handle this space.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- Live Your Life Insurance - A book by Kim Butler
Show Notes * What does personal finance mean? - 0:13 * Definition of financial literacy - 3:23 * Helping clients: protection, savings, retirement, debt, and investment - 5:00 * People skipping the personal finance steps: failing to look at things holistically - 7:32 * A relevant story on personal finance - 10:53 * Looking at the car insurance deductible and prepaying mortgages - 12:29
Special Listener Gift * Free eBook: Activating Your Prosperity Guide. * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Everybody wants to have peace of mind. The question is “HOW?”
In this episode of Prosperity Thinkers, Spencer and Kim delve deeper into the process of infinite banking. They emphasize how cash value should perform two vital roles: solve emergencies where a liquid account should be borrowed instead of a credit card and open opportunities for investment and buying new businesses. Because of this, Kim shares how life insurance can provide this cash flow which equates to having peace of mind.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- Live Your Life Insurance - A book by Kim Butler
Show Notes * Nelson Nash: Becoming Your Own Banker Concept - 0:30 * Whole-life is the product, banking is the idea - 3:24 * Cash value: solve emergencies and open opportunities - 5:18 * Home equity credit line - 8:11 * Liquidity is equal to peace of mind: The support of life insurance - 11:15 * The guaranteed access - 13:42
Special Listener Gift * Free eBook: Activating Your Prosperity Guide. * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Do you really need that life insurance? What are the benefits of having one?
Kim and Spencer take a deep dive into whole life insurance as a whole. They talk about why you should get a life insurance instead of investing in another multifamily or another fund. Kim also cites the different benefits of having one and how you can take advantage of the opportunities in buying life insurance. Listen to Kim and Spencer as they talk about why it’s never too late to buy life insurance.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://truthconcepts.com/
Show Notes * Reasons for the topic, Alternatives to Cash. - 0:13 * Understanding the space of a mutually owned life insurance company. - 3:01 * The variables. - 3:37 * Focusing on what you can control is critical. - 5:01 * Why life insurance when you can just get another multifamily or put it in another fund? - 6:13 * Life insurance is one product we may not be able to buy tomorrow. - 8:51 * The problem with investing in companies with younger investors. - 12:53 * The presence of whole life insurance in your personal economic environment will benefit you. - 15:03 * It’s never too late to buy whole life insurance. - 16:00 * The benefits of having whole life insurance. - 17:04
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Prosperity is defined by more than just material and financial wealth.
Kim and Spencer examine the various definitions of the word "prosperity" as well as other related topics. Prosperity is a noun and a verb. It contains a spiritual component. And money, according to Kim, has an impact on everything, including the things that are most important to every individual – time and relationships.
Topics such as savings simplification, asset automation, and financial faith installation are also discussed. Listen in to learn how your mindset affects your ability to flourish.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes * The definition of “Prosperity” - 0:40 * It starts in the mind: Prosperity mindset vs. fearful mindset - 3:24 * Learning how to be positive - 5:45 * Awareness is an important variable for change: shifting the physical and mental state - 8:30 * Delving into a work that you love - 12:02 * The prosperous cycle: why shouldn't you participate? - 12:58 * A prayer of affirmation: writing a prosperity note to a little one - 15:30 * Share your own definition of prosperity - 18:38
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Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Everyone wishes to have a restful night's sleep and a stress-free day. However, the argument remains: HOW?
Kim and Spencer's discussion on whole life insurance continues. This episode focuses on the death benefit, the second most important financial advantage of whole life insurance. Kim and Spencer reuse their last episode's analogy of a house to get more people on the same page.
The death benefit, according to Kim, is like a protective roof. Individuals frequently forget about this protection on a daily basis, despite the fact that it has had a significant impact on their lives from the start. Listen in to learn how you can use your death benefit while you're still alive.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes * Death benefit: A roof of protection - 0:38 * Guaranteed payment for guaranteed event: utilizing death benefits while living - 3:15 * The light bulb moment from reluctant people - 5:08 * Savings as a verb and as a noun - 8:06 * Distribution and payment during the event - 9:03 * Do not make any decisions around death claims upon receiving - 10:54 * A hundred years of emergencies and opportunities - 14:23 * From “what if?” to “what is”: set it for your loved ones - 16:29
Special Listener Gift
Free eBook: Activating Your Prosperity Guide.
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Do you believe that we get more, when we know more? How can we accumulate liquid funds for emergencies and uncertainties?
Kim and Spencer focus their discussion on critical aspects of whole-life insurance. It is, they believe, the foundation of everything. However, it has amassed a number of myths over time. In this episode, Kim and Spencer clarify these misconceptions and reveal the reality of whole life insurance. The discussion concentrates on the first of its two main functions: emergency fund storage.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- Live Your Life Insurance - A book by Kim Butler
Show Notes * The foundation of everything: Whole-life insurance - 1:00 * A Twitter thread from a finance expert: debunking one of his two hard rules - 1:16 * A product that survived over 200 years: delving into its truths - 2:34 * Two parts of whole life insurance - 4:38 * Basing facts on death benefits and failing to understand the living benefit - 5:02 * The variable that causes schism: The Wall Street Game - 7:19 * What happens to our money in the 50s and 60s - 9:42 * Why people are uneducated about whole-life insurance - 10:47 * Look at your sources, feed your mind with correct information - 13:23 * Sharing the truth and the analogy of a house: Living your life insurance - 14:25 * Live your life insurance: Learn more, further your education! - 18:40
Special Listener Gift
Free eBook: Activating Your Prosperity Guide
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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“Providing” especially for the family, goes way beyond the context of money.
Kim and Spencer tackle the different stages of life, particularly the winding-down stage. Time will come where your role as a family provider will end. However, if you own a business that provides a passive income, you can move forward smoothly into the next stage.
Yet, Kim emphasizes you should also pass down wealth beyond money — legacy, vision, lessons, and family tradition. In this episode, Spencer and Kim’s conversation revolves around other relevant topics such as death day preparation and celebration of life.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- Perpetual Wealth Book
Show Notes * The providing part is done: after the battle, what now? - 0:35 * Death day preparation - 2:18 * Why are people not taking care of their death day? - 5:00 * Society needs to engage itself - 7:30 * How to plan your death day? - 9:36
Special Listener Gift
Free eBook: Activating Your Prosperity Guide
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Breakthroughs occur when people open their minds for change. What kind of future do you think awaits you?
Kim and Spencer share and reflect on things that may happen in the future, especially with cryptocurrency, insurance, and real estate space. Kim also emphasizes how “change” is one of the driving factors for us to have a brighter tomorrow, especially in the business industry.
Technology makes everything move in a fast-paced manner. What you think is an absurd invention today may turn out to be a genius one tomorrow. This episode will help you learn the significance of having a forward thinking mindset and knowing how to achieve your breakthrough in business.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- Rocket Fuel Assessment by Gino Wickman and Mark C. Winters
Show Notes * Setting up the foundation - 0:29 * The cryptocurrency space - 2:06 * Changing the mental model - 3:25 * The day before something is invented, it's a crazy idea - 4:41 * Other foreseen things: blockchain and bitcoin - 6:52 * The forgotten value of a network - 9:55 * Zooming out of the real estate industry - 12:20 * There is no such thing as a bad investment - 15:31 * Massive wealth transfer through business - 16:26 * The future of business - 18:12 * How to figure out the type of business fit for you? - 19:41 * Leaning more towards the entrepreneurial side of service provision - 20:27 * Be involved, change the relationship, and take action - 21:35
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Free eBook: Activating Your Prosperity Guide
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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As another year begins, people challenge themselves to journey through new horizons, new accomplishments. The question is: How great are your goals this 2022?
Kim and Spencer start the year by talking about goals, time-frames, and habit-building as elements of being a true prosperity thinker. We often get overwhelmed by how vast our goals can be. Hence, we perceive these goals as too good to be true. But Kim emphasizes the significance of thinking long-term accompanied by tiny steps in making goals more achievable. It does not matter how small the steps are as long as they are consistent, you will get the results you desire. As Spencer says, “The zeros don’t matter, but the habits do.”
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- Tiny Habits by BJ Fogg - Book
Show Notes * Bringing people along is an obligation as human beings - 0:57 * Long term time preference: a crucial variable in achieving goals - 2:07 * Starting is a significant element of time frame - 4:36 * Things can leave as fast as it arrives - 7:47 * The tiny habits of a prosperity thinker - 8:46
Special Listener Gift
Free eBook: Activating Your Prosperity Guide
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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We can never get rid of the past. It is what makes us ready to face the present and the future. Therefore, never forget to look back.
Kim and Spencer try to look backward and get a glimpse of their pasts. They say that the experiences and the events that happened have the power to hone your present— stronger and bolder. Kim shares the recent challenge that her business faced and conquered. She teaches listeners the process of up-levelling and appreciating things beyond their physical aspects.
In this episode, their subject also leans on the importance of daily reflection, whether it’s bad or good experiences. Incorporating this into our habits can change the way we perceive the past as we move forward towards the future.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- Kolbe - https://www.kolbe.com/
Show Notes * Look back to the past to improve the present - 0:18 * Up-levelling: appreciating the extra elements and going beyond the physical aspects - 3:08 * The process of reflecting and learning on good and bad experiences - 4:50 * Reflection can alter the past: gratitude despite of adversities - 8:58 * Benefits of adding moments of reflection to daily life - 11:18 * Tapping into the 20th century and why we should build habits - 14:47
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Whenever a new year starts, we hope to gain more prosperity than the previous one. Then, it should be the time to get our assets into place.
Joe Barkate interviews Kim Butler about asset protection. Joe is the current Co-Founder of ASR Alternative Investments and the host of the Cover Your ASSets podcast. In this special bonus episode, you will learn how annuity and life insurance go hand in hand to protect your assets from lawsuits and creditors.
They lay down processes and tips on how to get finances into place. Kim shares the importance of having life insurance to protect your assets from market loss. She also breaks down the true definition of annuity and the process of possessing a “Be Your Own Banker” strategy.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- Connect with Joe Barkate
- The ASR Alternative Investments
- Cover Your ASSets Podcast
- Kim Butler’s Books
- Perpetual Wealth
- Live Your Life Insurance
- Busting the Life Insurance Lies
Show Notes * Kim Butler’s Books - 2:04 * Best Selling Life Insurance Products - 3:00 * What can protect you from the downside of market loss - 5:00 * Be your own banker strategy - 7:00 * Describing what Annuity is - 8:40 * How the long-term care rider works - 11:00 * Why everybody should consider a prominent life insurance - 12:30 * Breaking down the “be your own banker” principle - 13:13 * There are ways to borrow against your cash value - 16:58
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Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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In today's society, exposing and sharing information to the public is a tap away. How strong are your privacy protection for you, your family, and your money?
Kim and Spencer talk about a subject often neglected by many, yet is very important, privacy. They converse why privacy is important and why we should discuss it with our family. In this world, we need to desire humility and be wise with every action that we do, especially in terms of sharing about our assets. Also, they tackle why bragging is not a form of prosperity as well as the issues faced by people due to the convenience brought about by technology in transferring vast amounts of money.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- How profoundly do people know about privacy? - 0:20
- Asset protection and private assets - 0:51
- Why would someone practice privacy? - 1:45
- Structure of having your life insurance cash flow protected correctly - 4:15
- LLC and layers of privacy - 6:02
- Privacy as a family: talking about finances and getting everybody on the same page - 7:25
- Issues and problems on cryptocurrencies and large sums of money transfer - 8:30
- Bragging is not a form of prosperity - 9:35
Special Listener Gift
Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Sometimes, we must do the things we hate to grow in this world. But, after all your hardships, how will you feel if you have been told that the world we live in is not real? Will you still be willing to attract abundance and get the results you want?
In this episode, Kim and Spencer revolve their conversation around Srikumar Rao’s book “Are You Ready to Succeed?”. They discuss why the book is only for those ready for it and how it can help us attract success and miracles. People nowadays are craving grandiose events. Yet, it’s the baby steps that will take us to the results that we aspire to.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- Are You Ready to Succeed by Srikumar Rao
Show Notes * Are you ready to succeed?: Spencer’s take on the book - 1:25 * Our world is not real - 2:05 * Who is Srikumar Rao? - 3:20 * Be conscious about mindset and perspectives - 4:00 * Page 180: Creating your own world from what is within you - 4:57 * Baby steps to grand events - 6:23 * Gently try to make more things happen: EXPECT! - 7:23 * A Summer Story of Miracles: how to think abundantly to attract miracles - 8:20 * Selflessness makes leaders grow into themselves - 9:27 * Doing things you hate makes you flourish - 11:00
Special Listener Gift * Free eBook: Financial Planning Has Failed * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Is the world we’re living in now a better place compared with before? What makes the world now more prosperous than ever?
Spencer and Kim talk about the different charts that are showing the prosperity around us. They discuss what are the significant improvements in education, life expectancy, and the political system we’re living in. Kim also shares what her responsibilities, as a human, are, in helping other people and what we should be thankful for as it can be easy to forget that the world is wonderful.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes * The average life expectancy of people that were born in the 1950s and in foreign countries was 41.5 years. - 0:51 * The life expectancy in the US. - 1:17 * The second piece of prosperity: Child mortality. - 1:38 * World literacy has nearly been flipped. - 2:21 * The significant improvements in education. - 2:51 * Economic output: Is a more educated population continually create more opportunities for the world? - 4:32 * Income and inequality is real issue. - 5:12 * More of the world is living in the best political system for creativity, inclusion, and capitalism. - 6:03 * The problem? The perception is off. - 7:16 * Part of Kim’s responsibilities as a human. - 9:43
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Are you tired of linear growth despite working hard?
Kim and Spencer revolve their conversation around leveraging in the business world. Kim emphasizes that the term “leverage” is not always about debt. Moreover, she explains that leveraging people in a good and ethical way can bring exponential success to your business. You can also leverage your mind by being willing to unlearn and learn things. Possess a growth mindset and a good attitude towards business.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- The Leverage Space - 1:25
- A Story with the Team: benefits of leveraging people - 2:32
- The Measuring Stick: What is human life value? - 4:20
- Be the support person your people need - 5:07
- Look for leverage in all deals - 6:05
- The money invested is a measure of potential return - 6:40
- Linear vs. Exponential Growth - 7:25
- Have good quiet time, take it one day at a time - 9:38
- The Gray Zone of Living - 10:18
- Leverage Your Mind - 10:50
- Call-to-Action for Listeners - 12:49
Special Listener Gift
* Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Are you worried about retirement funds, savings, and having cash? Do you want to learn about timing the market and how it works? Be happier in life and take control! Now is the time to make deals and opportunities for prosperity and success.
Kim and Spencer talk about timing the market and switching focus on productivity, growth, and forward movement. Kim shares valuable lessons on deciding what you want to pay attention to in the market.
Remember that cash and liquidity equate to peace of mind. It is not easy to shift into the paradigm of growth. It doesn’t come overnight, but it is achievable with hard work, effort, and willingness to learn.
We can time the market, but not our attitude. Sometimes, it is just a matter of mind setting and acceptance of economic things we cannot control, such as inflation.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- Timing the market in social media - 0:48
- Put some money in, let it rise - 2:00
- Decide on what you want to focus on, pay attention to the market - 3:11
- Growth, productivity, and forward-thinking - 3:41
- Look into the lens of opportunity - 4:25
- Choice and action matters - 5:40
- Cash and liquidity is equal to peace of mind - 7:55
- Building emergency funds are vital - 8:49
- A glimpse of shifting the self towards growth - 11:35
- What to do with inflation? - 11:41
- Mental freedom Kim got from the shift - 13:26
- Retirement as the most detrimental construct- 15:28
- Message to the listeners about expanding time horizon - 16:08
- Be happier in life - 21:30
Special Listener Gift * Free eBook: Financial Planning Has Failed * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Look at your calendar: What does your week or your month look like? Is it swamped with too many meetings and appointments? But do you have a free day to spend for yourself or your family? If you don’t have it, now is the time to start adding a day (or two) of your me day.
Kim and Spencer talk about the value of having your own free days and free time. They share their journey of finding what works for them and what the concept of having a free day or free time really is.
Believe us, having a day off is important. Having a free day to just slack off, exercise, eat out or just relax, can give you a release after another week of stress.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- Why is the topic a fun thing to share? - 0:17
- Understanding the benefits and priorities of a day off will help bring more meaning into your life. - 0:55
- Learning the concept of a free day. - 2:55
- Have a day of your own. - 5:35
- Why did it take time for her to learn what she wanted to do? - 7:11
- Other types of constraints led to her prosperity. - 10:47
- One exercise that helps Spencer. - 14:30
Special Listener Gift * Free eBook: Financial Planning Has Failed * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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When taking a new opportunity, once you see it, do you pounce immediately?
Kim and Spencer talk about the differences between chasing the deals and opportunities versus prospering deals and opportunities. They talk about the role of a magnet as well as the value of being ready and prepared.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- Live Your Life Insurance
Show Notes * Are you a magnet? - 0:14 * Things that can enable you to become a magnet for deals and opportunities. - 1:33 * The value of getting ready and being prepared with extra liquidity. - 3:35 * Going great with the gaze versus stare story. - 6:40 * The term “dry powder” or having capital is important. - 7:53 * Learning more from the book Live Your Life Insurance. - 10:37 * Instead of chasing deals and opportunities, you need to be prospering deals and opportunities. - 10:56
Special Listener Gift * Free eBook: Financial Planning Has Failed * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Is your location a factor in reaching prosperity? If it is, where do you think you should be situated to reach the success that you’re aiming for?
Kim and Spencer tackle the important question of the day: Does location matter for your prosperity? Spencer shares the reasons why he chose this interesting topic while Kim talks about her family members who were able to do something they love, by standing up and making an important decision because it’s important to 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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information on this episode go to https://prosperitythinkers.com/podcasts/
Show Notes * Does location matter for your prosperity? - 0:13 * How Spencer came up with the topic today and why he thinks it’s an interesting conversation. - 2:04 * Storytime: How Kim’s family members were able to do something they love by saving up and making an important decision. - 5:00 * Just because the country’s government is unbearable doesn’t mean you can’t be prosperous. It just takes more effort and strategy. - 8:34 * What should you change? - 10:27 * You are more in control of it than you think. - 10:51 * Being a thinker in most cases as someone in a rural town. - 11:58 * Some would say your location is a hindrance, I’m choosing to see it as probably the greatest blessing out there. - 13:08
Special Listener Gift * Free eBook: Financial Planning Has Failed * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Do you wait to get what you want? If there’s a delay for an immediate reward, do you still wait to get more rewards at a later time?
In connection with instant and delayed gratifications, Spencer and Kim talk about the reason why Spencer chose this topic for today. They also discuss whether you can get instant gratification from delayed gratification. Spencer also took the time to point out the different things that people can’t easily notice about gratifications in general.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- We want a quick fix and technology has supported the quick fix, along with other things that are speeding up. - 1:44
- The research that Spencer made brought the topic to talk about. - 2:47
- Taking delayed gratification and getting instant gratification from it. - 4:27
- What other people might not notice. - 11:12
- Realization: The North Star that we have as individuals is the one that will dictate us, versus the one that the society is being. - 16:25
Special Listener Gift * Free eBook: Financial Planning Has Failed * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Do you talk about money with your family? How about the financial mistakes you created?
Communication in a family where financial matters are discussed ensures that each and every family member are on the same page. However, it may not be an easy topic to start talking about.
Spencer and Kim discuss the importance of holding a family board or council with money as the main topic. They talk about the importance of holding one, even if it’s a sensitive thing to talk about. Together, Spencer and Kim also go on a deep dive about the book, Perpetual Wealth, and the workbook that comes with it.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- Perpetual Wealth
Show Notes * A simple example of including family. - 1:09 * Not everyone has the same thoughts, feelings, and opinions. - 2:43 * The Perpetual Wealth Book and the Work Book: How can it help families? - 3:56 * Don’t be afraid to share your mistakes with your family. - 8:30 * When you have your family board or council, you’ll gonna learn from other people’s mistakes. - 9:17 * Why the answer “I don’t care” is not helpful. - 13:08 * It’s so fun to be able to just learn and listen and make mistakes and sometimes, a couple of steps backward and forward again. - 14:35
Special Listener Gift * Free eBook: Financial Planning Has Failed * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Which do you prefer: Email or snail mail? Of course, when it comes to speed and productivity, email is the best option.
However, it’s fun and exciting to get something sent via snail mail, right?
Excited and grateful, Kim and Spencer talk about something special they received via snail mail: The Tuttle Times Monthly Magazine. Together, they give a glimpse of what's inside the magazine. Spencer also describes how the world has changed while Kim shares what is the most gracious gift that you can give not only to yourself but also to your loved ones.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
- https://myfirstsale.com/
- https://tuttletwins.com/magazine/
- https://fee.org/
Show Notes * Who are the Tuttle Twins? - 0:15 * What’s inside the magazine? - 1:51 * A possible reason why the cryptocurrency is included in the magazine. - 3:09 * How the world has changed. - 5:52 * The most gracious gift that you can give yourself and the person that you’re sharing it with. - 9:57
Special Listener Gift * Free eBook: Financial Planning Has Failed * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Is it possible to start a business with little to no money?
In today’s show, Spencer and Kim talked about OPMs. They shared what are the different deals on how OPM works. Spencer and Kim also discussed the different sources of capital and where you can get the funding to start your own business.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- What is OPM? - 0:31
- Why Spencer thought about OPM. - 2:10
- Different deals on how OPM works. 4:22
- Depending on who your OPM is, they care about the mind more about the money. - 5:09
- Another aspect of money. - 9:09
- Different OPMs and where can source capital. - 10:14
- One of the most unique ideas recently. - 12:45
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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How can we improve the supply chain issues in the country as people and how can we apply prosperity thinking to it?
Spencer and Kim surround their conversation for today with these two questions. They share their thoughts and ideas on how you can level up your thinking to a prosperity mindset. Spencer and Kim also talk about how you can apply the prosperity supply vision to your life.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes
- The idea of unleveling your thoughts around the area of supply. - 0:50
- Level up your thinking away from the physicality of the item that may or may not be connected to the supply. - 1:24
- There’s always an alternative. - 3:17
- Thinking in a prosperity mindset: Who can we have a relationship with that will be able to supply us with great quality meat and can take out the middleman? - 4:41
- Sometimes we apply prosperity thinking with a decision to say no. - 5:41
- There are three sides to a coin: You have the heads, you have the tails, and you have the edge. Everything out there has three sides. - 9:29
- How can you apply the prosperity supply vision to your life? - 10:34
Special Listener Gift * Free eBook: Financial Planning Has Failed * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Do you often ask yourself, “Why am I not good enough?” or “Did I do enough today?”
Spencer and Kim discuss the important question “How much is enough?” A lot of times, people focus on the challenges and forget to focus on small wins that when put together, can create a grand success. Spencer and Kim also talked about how people, even teenagers, can solve the problem of thinking “How much is enough?” or “Do I have enough?” And how you can give forward, instead of giving back.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes * The question of the day: How much is enough? - 0:08 * How does Kim answer this question? - 0:37 * Maybe it’s the wrong question to be asking. - 2:16 * We were put on this earth to serve. When we don’t serve, we are wasting our life. - 3:05 * Even teenagers could solve the problem of thinking “How much is enough?” or “Do I have enough?”. - 6:30 * You don’t give back, you give forward. - 8:19
Special Listener Gift * Free eBook: Financial Planning Has Failed * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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What lessons should you impart to your kids? One of the most important lessons that you can teach your children is handling finances. Teach them young: As they grow older and start building their career and their own family, they’ll thank you for it.
Spencer and Kim discuss the importance of using Quickbooks, doing proper accounting, and focusing on what’s going in and out of your family’s finances. They also talk about teaching kids the importance of handling family finances at an early age.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes * The importance of having Quickbooks and keeping records separate. - 1:22 * Educate your children in the family business called your personal finances until they rise to their capability. - 2:41 * Are affluent clients doing the proper accounting? - 4:20 * Paying attention to your finances: Making sure to look at what’s going in and what’s going out on a monthly basis. - 5:12 * Should families who will not enter their information in * Quickbooks be hiring bookkeepers? - 6:27 * Other pieces about the family business that you should teach your kids. - 9:39 * I’m a firm believer that when kids get out of college, even if there’s a family business, they should experience life and work outside the family business. - 10:19 * Today is your opportunity: Whatever their interest is, start there. - 12:14
Special Listener Gift * Free eBook: Financial Planning Has Failed * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Saying no to a big decision… is that the right solution? It may not be! Spencer and Kim tackle this idea of Prosperity Decision Making. They share their insights about making big and important decisions by saying yes and no on different occasions. Spencer and Kim also discussed decision fatigue and the important aspects of decision making and following the principles of prosperity.
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 Thinkers thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/
Show Notes * “Decide” means to kill, in other words, to kill off your “no” decisions so that you can accept your “yes” decisions. - 0:25 * What are things that you can do to feel less frustrated? - 1:56 * If you’re not in the habit of digging the good out of the little things, it’s gonna be way harder. - 2:16 * Whatever it is that you happen to see, it’s what you choose to do about, it’s what you decide to do about it. Not only in that moment, but in subsequent moments as well. - 5:03 * What’s decision fatigue? - 7:08 * Sometimes, the things we say no to are more important than the things we say yes to. Being okay saying no and being clear with what you want to say no about makes bigger decisions easier. - 11:15 * What’s the most important aspect of decision-making? - 12:42 * Where’s the best place for people to get the principles of prosperity? - 13:19
Special Listener Gift * Free eBook: Financial Planning Has Failed * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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What’s the perfect retirement age? Do you really have to retire at the tender age of 65? These are just some of the topics revolving around retirement that Spencer and Kim discussed. They also cite down the Action Item List: What are the five things that a person nearing the retirement age can do alternatively, after quitting their business and their job? Find the answers to these questions in this exciting episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://seniorshelpingseniors.com/
Show Notes * One of the greatest conspiracies alive is that people must retire when they are 65 yet our country is run by 70 and 80-year-olds. - 0:14 * New adults of the new generation start to question “Why would you want to retire and not look for a job that you love?” - 2:36 * Every decade, just have a good time away. Do a check-in of yourself and a shift in your business, in your career or work that you’re doing that will enable you to bring back in more of the work that you love or a new perspective on the work that you love or possibly, an entirely new career. - 4:08 * The Action Item List: Five things that a person nearing the retirement age can do alternatively. - 6:29 * To make your mind young, you have to be around someone that’s young. So find someone to mentor. - 7:27 * Your community is your family. - 9:58 * Mentoring allows you to get help in the areas you need help with. - 12:01
Special Listener Gift * Free eBook: Financial Planning Has Failed * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Do you believe that easy cash exists? You might see a lot of rags to riches stories on different websites and on social media, but believe it or not, they’re just showing you the end result, easy cash doesn’t exist.
In today’s episode, Kim and Spencer talk about not seeking the easy way out: Instead, work smart AND work hard. If you seek the easier route, you’ll get easy results. But if you seek the hard, you’ll get hard results that you can enjoy longer.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- Mike Rowe of Dirty Jobs Show Notes
- Easy cash doesn’t exist. - 0:14
- You were given two hands: One to serve yourself, one to serve others. - 1:12
- Just seeing the end of the result makes people delusional. - 2:41
- We can come back and go to work and not be seeking the easy way out all the time. - 4:31
- There is nothing wrong with seeking passive income from lump sums of money to getting your basic expenses paid. But always ask yourself: “And then what?” - 6:39
- When you seek easy, you’ll get easy results. When you seek hard, you’ll get hard results. 8:08
- What’s the next area of growth? - 10:48
- Ask yourself: “And then what?” - 12:09
Special Listener Gift * Free eBook: Financial Planning Has Failed * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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There is nothing permanent except change: Especially in the world today. Spencer and Kim discuss using the prosperity lens in dealing with the changes. They also talked about how adults today can move knowledge to the next generation. Is progress impossible without change? Find out in this episode today.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- The Gap and The Gain by Dan Sullivan and Benjamin Hardy
Show Notes * What’s the prosperity lens? - 0:16 * Things are changing quickly in the world. - 1:12 * Be very, very careful about who you read, who you listen to, what you pay attention to, where you spend your time. - 4:40 * How does Spencer find out about the change, after undergoing the news diet approach? - 5:51 * What are the two ways to go and find information? - 6:09 * The meaning behind the statement “More than I could allow.” - 9:45 * Dealing with change through seeking the gain - 11:44 * Using the prosperity lens through different situations. - 13:29 * Moving knowledge to the next generation by thinking about and developing different questions to ask without just simply giving them the information. - 15:52
Special Listener Gift * Free eBook: Financial Planning Has Failed * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer talk about something that is affecting everyone: Inflation! They are going to talk about what to do with it.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- http://www.shadowstats.com/
- https://partners4prosperity.com/adjusted-for-inflation/
Show Notes * The real inflation number - 2:23 * There’s nothing that you can do about it - 2:46 * Focus on working on something that you love - 3:00 * What’s going to happen with inflation - 5:33
Special Listener Gift * Free eBook: Financial Planning Has Failed * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer talk about how to change the way you feel about money. Check out their insights about it!
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes * Do everything with love - 3:02 * Taking action daily - 3:49 * Moving money everyday with love - 4:04 * The word love when it comes to money - 4:51 * Moving money is good - 6:08 * Using your money with love - 10:30
Special Listener Gift * Free eBook: Financial Planning Has Failed * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer will talk about a concept called freedom from vs. freedom to. A very interesting and poignant concept!
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://partners4prosperity.com/what-is-death-day-7-steps-to-prepare-for-end-of-life/
Show Notes * What freedom from means to Kim - 1:02 * Examples about freedom from and freedom to - 2:05 * It’s a mindset thing - 3:21 * Shift your mind towards what you’re really wanting - 4:09 * Replacing a habit - 5:33 * Why controlling the banking function is so valuable - 9:40 * Having a structure to talk about money - 11:34 * Moving from to “to” - 12:34 * Having finances in order - 14:04
Special Listener Gift * Free eBook: Financial Planning Has Failed * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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This episode is everything you’ve ever wanted to know about annuities!
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- When is a good time to have an annuity - 0:51
- Deferred annuity - 1:37
- An immediate annuity - 2:14
- Learning more about the immediate annuity - 5:37
- The use of actuarial science - 6:27
- Converting an IRA into an annuity - 10:46
- An immediate annuity is not an IRA - 12:17
Special Listener Gift
- Free eBook: Financial Planning Has Failed
- Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Spencer and Kim will be covering three ways to save money vs. three ways to create money! They talk about savings vs. creating and how to approach these two words when it comes to money.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes * Savings vs. creation - 1:55 * Automate your savings - 2:25 * The first way to create: be grateful - 3:52 * Having a good financial base - 5:12 * A way to save - 5:51 * The challenges are good - 10:21
Special Listener Gift * Free eBook: Financial Planning Has Failed * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer are diving into one of Spencer’s favorite subjects: business! They talk about why everyone needs a business. Listen in as they share their insights about this topic with us!
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://e-leap.com/
Show Notes * There’s a mental aspect of creating a business - 1:45 * Having a strong mind - 4:00 * Why every single person needs a business - 4:16 * Reasons to have a business - 4:45 * True free-market capitalism - 7:04 * What’s an entrepreneurial thinker - 8:30 * Starting a business with a mindset of providing value - 9:02 * The e-leap book - 12:13
Special Listener Gift * Free eBook: Financial Planning Has Failed * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Spencer and Kim talk about tax free vs. tax deferred. Nobody likes to talk about taxes, but it’s necessary. Taxes are a good thing because they mean that you’re getting money, right? Kim will dive into this topic, so take notes and 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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes * What’s tax free - 1:12 * Examples of what’s tax free - 4:01 * Seven different things that can be tax beneficial - 6:29 * Taxes are our biggest expense - 7:27 * Business is something that anyone can do - 9:10 * There’s a traditional and typical way of thinking - 10:02 * What makes insurance even more efficient - 11:38 * We only have control over the present - 12:38
Special Listener Gift * Free eBook: Financial Planning Has Failed * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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There’s a lot of noise about inflation, building costs, and everything going up, but there's a way that you can look at it differently. Listen in as Kim Butler shares her insights about this topic.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes * What to do? - 1:49 * Building costs in some areas - 3:04 * External problems and internal problems - 5:45 * What does matter? - 8:04 * There will be lots of opportunities coming up - 10:03 * Becoming an accredited investor - 10:51 * Education has to happen before any investing - 11:18
Special Listener Gift * Free eBook: Financial Planning Has Failed * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer give a short and punchy message about the importance of constant education and consistent learning. Kim will tell us what she just learned over this past weekend.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- Attending a CPA conference - 0:24
- Tax benefit is not tax deduction - 5:48
- Three days of fabulous training - 6:14
- Why we attend events - 6:28
- Getting to the next level - 8:08
Special Listener Gift * Free eBook: Financial Planning Has Failed * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer will be covering a topic from one of Spencer’s favorite books, “How to Get Rich” by Felix Dennis. They cover the 8 ways to get rich and how to delegate.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- www.kolbe.com
- www.fiverr.com
- https://www.amazon.com/How-Get-Rich-Greatest-Entrepreneurs/dp/1591842719
Show Notes * What enables delegation - 1:51 * Appreciating opposites - 3:03 * The Kolbe profile - 3:37 * Getting a multiplier effect - 4:13 * It’s critical to delegate - 7:03 * There are all kinds of ways that delegation can happen - 8:03 * Delegating to the right people - 10:40 * How do you find the right people to delegate? - 10:54 * What every delegation needs - 13:02
Special Listener Gift * Free eBook: Financial Planning Has Failed * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer talk about unbelievable thinking, from Perpetual Wealth. Kim is the author of this book and shares insider tips and insights.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- A PDF about unbelievable thinking - 0:25
- Why the word unbelievable is “perfect” - 1:01
- Nine different subtopics in a minute - 2:19
- Increase income and cash flow by providing value - 4:06
- What prosperity thinkers do - 4:21
- Poverty thinkers vs. prosperity thinkers - 5:17
- Getting into poverty thinking - 7:30
- It’s important to set attainable goals - 8:32
- Prosperity thinkers keep moving money - 11:07
- The economy is moving - 12:49
- The strategy that keeps money moving - 14:59
- Finding a way to move forward - 18:11
- Poverty thinkers complain - 19:20
- Prosperity thinkers build internal confidence - 21:41
Special Listener Gift * Free eBook: Financial Planning Has Failed * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Welcome to the show! Today’s episode will be a little bit different as we will have another person on the microphone: Kate Phillips. This will be an insightful and funny episode because you’ll hear the language that Kim uses and the reason is that Kate is the writer behind the books, blog posts, things that get us to say: WOW! They’ll talk about the four cornerstones of generational wealth.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
- Links and Resources from this Episode
For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast - Connect with Kate Phillips
- Total Wealth:
- Web: www.TotalWealthCoaching.com
- Facebook: www.Facebook.com/totalwealth
Show Notes * The 4 cornerstones of generational wealth - 1:32 * Losing wealth - 2:33 * How to prepare your beneficiaries - 3:13 * How important human capital is - 5:29 * The wealth of families - 6:00 * Explaining the cornerstones - 8:26 * Borrowing money - 8:40 * Money plus knowledge - 11:54 * The whole idea with perpetual wealth - 12:43 * You can leave your kids a better life - 16:11 * Trying to create shortcuts - 21:54 * The importance of diversification - 23:27 * The principles for creating a legacy - 25:02 * Building a legacy takes time - 29:50
Special Listener Gift * Free eBook: Financial Planning Has Failed * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Goals: Do they actually help or hinder? Listen in as Spencer and Kim talk about goals and why they matter.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- Goals can be limiting and they can matter - 0:43
- Don’t let the goal limit you - 2:00
- What happens if you do not achieve a goal - 5:03
- The vision stretches a goal - 6:20
- Being a visionary - 7:14
- The reason why people listen to this podcast - 9:30
Special Listener Gift * Free eBook: Financial Planning Has Failed * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer talk about lending money vs giving money to your children. This is a multi-faceted topic and Kim shares a lot of insights!
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- A story to understand how to lend money - 0:57
- Any habit that we want to install to our children, should begin since day 1 - 2:27
- Starting to train your children - 4:28
- A story from one of the Truth Trainings - 5:48
- Teaching your kids to be resourceful individuals - 8:49
- Lending money teaches lessons - 12:13
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer talk about family retreats and what better time than now since we have the summer months coming up and families may be traveling. Kim has some great ideas on time with families!
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!
Do you have a question you would like answered on the show?
Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- Conversation when families are together - 1:45
- Having a deeper level of conversation - 2:12
- Some exercises to make on a family retreat - 5:20
- Having done several family retreats - 5:45
- Some ideas on family retreats - 6:51
- Going beyond surface-level - 8:26
Special Listener Gift * Free eBook: Financial Planning Has Failed * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer talk about wealth skipping a generation and how to keep wealth-generating within the family. Spencer shares a Chinese quote to explain a little bit more how wealth and generations are related.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- Financial education is not prevalent in high schools - 1:20
- Managing money - 2:16
- Not teaching children about money - 3:37
- Truth Training - 4:37
- Four people under the age of 21 in the last Truth Training - 6:32
- The Perpetual Wealth book - 7:59
- Money is something not natural to us - 8:53
- Not having financial planning education - 11:33
Special Listener Gift * Free eBook: Financial Planning Has Failed * Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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If you’re looking to hire good accountants, lawyers, or professionals to help you or your family… This is the episode to listen to!
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://wealthability.com/
Show Notes
* Location no longer matters - 1:04
* Setting up your bookkeeping - 1:51
* Who you choose to work with - 2:39
* The ability to solve problems and resourcefulness - 4:58
* Where to find the answers - 6:31
* Geolocation and progress - 9:28
Special Listener Gift
* Free eBook: Financial Planning Has Failed
* Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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The secrets of paid up additions… are you familiar with that term? Listen in as Kim and Spencer unpack this term and explain it for you!
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
* What are paid up additions? - 1:10
* What “paid up” means - 3:11
* The death benefit of a policy - 3:37
* The paid up additions minimum - 5:05
* The maximum paid up additions and your financial planning - 7:08
* Term insurance plays a role - 12:26
* Premium equals cost - 15:06
* Maximizing your paid up additions every year - 17:39
Special Listener Gift
* Free eBook: Financial Planning Has Failed
* Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Real estate is one of the most talked-about topics in the financial world right now and the large institutions are getting in, especially in the residential markets. Check out more about real estate in this episode as Kim and Spencer dive deep into this topic.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
* Buying a large home - 1:47
* Where the money is coming from - 2:09
* Permanent capital - 2:4
* House prices rising - 3:54
* Knowing what’s important for you - 10:15
* Purchasing based on speculation - 10:53
* Don’t speculate - 13:20
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The time value of money isn’t a commonly discussed concept but by the end of this episode, you’re going to look at money differently and how your money is spent and invested.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- www.truthconcepts.com
- Kim's book Busting the Interest Rate Lies https://www.amazon.com/Busting-Real-Estate-Investing-Lies/dp/1544504233
Show Notes
- What’s the time value of money? - 0:51
- Money in our lives exist in time - 2:03
- The world of finance and the basic personal financial space - 2:49
- Time value of money and the passing of time - 4:50
- Inflation as an aspect of the time value of money - 5:52
- How Spencer explains time value of money - 7:00
- Most do not have the financial education about time value of money - 12:30
- About compound interest - 13:52
- Bitcoin and cryptocurrency - 16:00
- Cash value life insurance - 17:16
- One of the nice things about the Truth Concepts Calculator - 19:43
- Find out about the personal finances arena with a Truth
- Concepts Calculator - 22:41
Special Listener Gift - Free eBook: Financial Planning Has Failed
- Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Getting a lump sum of money for your retirement or cash flow? Which one would you choose? Check out what Kim and Spencer have to say about this decision.
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!
Do you have a question you would like answered on the show?
Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this EpisodeFor resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- A human resources decision - 0:34
- Having a retirement pension decision - 2:00
- What inflation does to money - 2:12
- Why Kim does not like financial plans - 3:08
- How you can beat inflation - 5:10
- Not happy with a lump sum - 5:29
- Helping the world by having cash flow - 7:45
- It’s hard to create cash flow - 8:34
Special Listener Gift
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Do your kids know the value of money? How much should you pay your kids? Kim and Spencer talk about some ways to help your kids learn the value of money.
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!
Do you have a question you would like answered on the show?
Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- Helping kids understand how money works - 0:44
- One of Kim’s lifetime goals - 2:38
- What’s “NFT” - 6:42
- Specialized skill - 8:13
- Having time to spend - 9:11
- Teaching kids the value of money - 9:59
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer talk about a complaint-free world. Listen to their insights about this topic!
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!
Do you have a question you would like answered on the show?
Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- A life complaint-free - 0:30
- Remove complaints from your life - 1:30
- A complaint-free world - 2:42
- Trying to not play the victim card - 3:20
- Complain only when it is appropriate - 5:08
- Focus on what you can control - 6:00
- Creating a recipe for a complaint- free world - 10:13
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Spencer asks some questions to Kim that came from a Twitter thread that went viral! Kim gives the answers to those questions from the Twitter thread!
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!
Do you have a question you would like answered on the show?
Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- First question: Can you really control it? - 0:43
- What are the things that we can control - 1:20
- Second question: Did you start today with a victory? - 2:30
- Third question: What are you optimizing for? - 2:50
- Optimizing vs. Maximizing - 2:52
- Fourth question: Are you being optimistic? - 4:06
- Fifth question: Are you reacting or responding? - 5:14
- Being in response mode - 6:00
- Sixth question: Can you disagree politely? - 6:20
- Seventh question: Are you thinking in decades or years? - 7:20
- Eighth question: Are you earning trust? - 8:23
- Do you understand the rules? - 9:06
- Ninth question: Why don’t you get straight to the point? - 10:13
- Tenth question: Why do you take things so personally? - 10:55
- Are you seeking truth or just want to validate your beliefs? - 11:20
- Are you learning fast or are you learning well? - 12:32
- Are you building something authentic? - 12:55
- What would you do for a living? - 13:28
- Growth is your lifelong purpose, money affects everything - 14:17
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer talk about the different regulations and protections that you get state by state, how you're more protected or less protected about cash value life insurance and whether your state protects you in case of a lawsuit.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://assetprotectionsociety.org
Show Notes
- The protection percentage by state - 1:54
- What happens if you move - 3:28
- A story about protection and the state of Arizona - 6:56
- Not liking the idea of retirement - 7:56
- The Perpetual Wealth Book coming out - 8:47
- “Think” as the first principle of prosperity - 11:15
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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This is a special episode because we’re going to go inside Kim’s world and understand the gifts and the presents she gives to new couples when they get married.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- Kim’s books:
- https://www.amazon.com/Love-Languages-Secret-that-Lasts/dp/080241270X
- https://www.amazon.com/Striving-Zones-People-when-Themselves-ebook/dp/B00X0UMBR2
- https://www.amazon.com/Discover-Your-Strengths-Marcus-Buckingham/dp/0743201140
- https://www.amazon.com/Treasure-Tree-Helping-Understand-Personality/dp/0849958490
- https://www.amazon.com/First-300-Babies-Gladys-Hendrick/dp/0960040013
Show Notes
- Spending a lot of money for a one-day event - 0:56
- Seeing their future prosperity - 1:43
- Giving the couple two of the five books she always recommends - 3:19
- Books are valuable for a couple - 4:12
- Books that are the foundation of a strong marriage - 4:54
- “The 5 Love Languages” book - 5:54
- “Striving Zones” by Kathy Kolbe - 6:34
- “Now, Discover Your Strengths” book - 7:35
- A book about raising a child: “My First 300 Babies” - 8:29
- Giving financial books as a wedding present - 10:40
- Communication to solve problems - 13:45
- Enjoy these five books and learn from them - 15:13
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
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Kim and Spencer will talk about FOMO, which is the Fear Of Missing Out and it’s very important right now because of the manipulation of the stock market, cryptocurrencies, and so on. Look at things differently and add prosperity to your life.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- The missing out thing in our society - 1:21
- Take action on the things that are important to you - 2:18
- The position of the fear of missing out - 2:38
- FOMO happens a lot in this environment - 5:23
- Search in our blog the seven principles of prosperity - 6:43
- Focus on the principles and keep on the right track - 9:00
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
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Kim and Spencer talk about the principle of multiply, but what does that mean for you? It means to learn how to seek out deals!
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- It’s so important to train our eyes and ears to look for the best deals - 0:55
- Seeking deals that have a multiplier effect - 2:11
- Knowing what interests you - 3:46
- Some investments are not easy to find - 4:53
- What about taxes - 6:03
- Finding the types of deals that fit you - 7:34
- The definition of an accredited investor - 8:08
- Life insurance as an alternative to cash - 9:20
- There are a lot of deals right now - 10:35
- There are always opportunities - 11:10
- Evidence of their transparency - 12:01
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
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This question is about the current events that are happening: about inflation and the rumors that it’s going to go up… Kim and Spencer take a prosperity perspective on this.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- What would happen with inflation - 0:38
- Inflation and mortgage payments - 1:12
- Benefit your life insurance premium - 2:00
- What does inflation do to cash? - 2:27
- A fabulous alternative to cash - 3:47
- Life insurance as the best place to store cash - 4:40
- A fact that we have to acknowledge - 6:32
- Using financial calculators - 7:36
- Understanding the true numbers - 8:52
- Keep an eye on your mindset - 9:31
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
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Kim and Spencer will be addressing a listener’s question about technology. The question is: “How are you taking your personal financing statements, your whole life policy into account especially in platforms and different apps and programs?”...
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- The liquid asset column - 1:18
- Having a large statement - 2:49
- Balance sheets and income statements - 4:01
- What does not makes sense in today’s economic environment - 7:34
- We need to be saving money - 8:59
- Something to create cash flow for you in the future - 9:59
- The interest rates in our economy - 11:01
- Economic rates are part of our lives - 11:54
- Assembling a portfolio of policies - 12:36
- All human beings need habits - 14:38
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer take a listener’s question about a topic that is making the headlines all around the world which is dealing with the changes in Congress. Also, they dive into life insurance solvency.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- The insurance solvency - 0:51
- Inflation numbers - 3:21
- Bank rates - 3:31
- Life insurance company’s solvency - 3:45
- Very large transactions of life insurance companies - 5:32
- What insurance companies are doing with their money - 7:42
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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You may have heard about the book, The Millionaire Next Door, but Kim and Spencer are going to go beyond that. They will be talking about the psychology of wealth.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- Having a prosperous mindset - 0:45
- The mental side comes first - 1:51
- Mental frameworks are easy to change - 2:55
- Shift your psychology about money - 3:35
- Treat money as the resource that it is - 6:08
- Spending what you have - 6:59
- How you can improve your psychology - 7:43
- Kim’s book: Perpetual Wealth - 8:04
- The Millionaire Next Door - 9:15
- Money is a magnifier - 9:30
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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“Thinking like'' is an experiment that Kim and Spencer did before hitting the record button for this episode! Thinking like other persons in a specific situation of how can you step in their shoes and more… Get into this adventure with 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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- Put yourself in another’s shoes - 1:01
- Thinking like the other person - 2:02
- Gaining a different perspective on a situation - 2:32
- Having some senior statements - 3:23
- Thinking like an owner or an entrepreneur - 5:15
- “Thinking like” can be beneficial - 6:30
- Valuable insights that Kim shares in a newsletter - 6:57
- Thinking more prosperously - 8:08
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Do you know there are 4 different types of money? Kim and Spencer talk about the 4 different types and how to invest and save more wisely.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- The foundation of the 4 types of money - 0:43
- Money that you earn that you spent on yourself - 2:03
- The kind of money that you earn that you spent on somebody else - 3:00
- Working with money that was not earned but that you still need it to spend something for yourself - 4:49
- Helping children to understand this process - 6:13
- Understanding the sources of money - 7:45
- One of the best ways to install consciousness - 11:48
- Take a moment to think - 12:19
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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In today’s episode, Kim and Spencer talk about your not-to-do list. New Year is starting out and we have a to-do list and we have to also focus on what not to do. Take notes!
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- Being conscious on what not to do - 0:43
- Not wanting to listen to people that are in victim mode - 1:02
- Kim’s do not want to do list next year - 1:30
- What you do not want to invest in - 1:51
- Do not want to be around people that do not want to take responsibility - 2:48
- The idea of time blocking - 4:05
- Not necessarily setting goals - 5:50
- A goal is limiting, Kim prefers to have vision - 6:18
- Create your not to do list - 9:06
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Spencer and Kim have something special they want to share with you today! The holidays are a prosperous time, a stage of gratitude and to think about prosperity. How to get a mindset of prosperity for all 365 days?
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- Giving gets celebrated - 1:45
- We are always learning - 2:21
- Giving first - 2:41
- Transferring and transforming - 3:17
- A time to disconnect and focus - 5:06
- Getting good results - 9:19
- Kim’s favorite books - 11:10
- What do you want to do in 2021 - 11:30
- Free days first - 12:20
- The Prosperity Vaccine - 13:57
- The best holiday season ever! - 18:00
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer talk about how you can afford the payments, if you should, and why Kim and Spencer talk about the word “afford”.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- Affording the payments - 0:45
- Affording payments mentality - 1:03
- What you can do to be able to afford something - 4:09
- Shifting to how can I afford something - 5:17
- All of our clients are aware of the human life value amount - 12:00
- Affording payments for life insurance - 13:26
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer talk about how you can replace life insurance plans. You’ll want to listen to Kim’s insights about it!
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://partners4prosperity.com/exchange-life-insurance-policy/
Show Notes
- Talking about term insurance - 0:41
- Other types of policies that are not permanent - 1:55
- Talking about financial success - 2:25
- Paying the startup costs twice - 3:20
- The best of both worlds - 5:44
- Kim’s book - 8:54
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Work smart and hard! Learn how to do both by listening to Spencer and Kim’s insights. Be sure to take free days, as they are important in your life.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- Work smart and hard - 1:13
- Defining “free” days - 1:26
- For some retired people, every day is the same - 3:14
- What means working smart - 3:48
- We should do our very best - 7:28
- Giving ourselves free days - 9:13
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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The week of gratitude is coming up! Do you know what “partners” mean? Kim and Spencer talk about this term and why that word means something different than what people think.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- Why the word “partners” - 1:01
- What implies a partnership? - 2:02
- Creating a partnership community - 3:05
- A partnership relationship - 5:45
- When partnerships go wrong - 6:36
- A time of gratitude - 11:36
- A time to look for a partner - 13:04
- An example of gratitude - 17:38
- Being familiar with the Principles of Prosperity - 21:04
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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There’s very little more annoying than an entitled kid(s). If you are a parent or in a relationship that could cause you to be passing wealth, you’ll want to listen to this episode.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- About college - 0:51
- Understanding the term “entitlement” - 2:02
- A shift in language - 2:56
- The entitlement trap - 4:22
- The wrong side of entitlement - 4:47
- Wanting more for your kids - 6:37
- Kim’s book addresses this issue - 7:30
- What are you doing to help future generations? - 11:34
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer talk about a trampoline year and how you can accomplish your goals if you have faith.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- What’s having faith for Kim - 0:50
- Thinking less selfishly - 1:15
- Having faith in a higher power - 3:23
- Having a space for faith in her finances - 4:26
- The Path to Wealth book - 5:56
- Trying to manage every single piece - 8:01
- What faith can do for a business - 8:27
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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We are coming up towards the end of the year...now, don’t wait until December 31st to write down your goals for next year! Kim and Spencer talk about long-term thinking, so take notes and 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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- 2020 as your trampoline year - 0:31
- It is up to you to choose 2020 as a trampoline year - 1:28
- The beginning of a decade - 2:15
- Being an entrepreneurial thinker - 3:08
- What’s visionaring? - 5:56
- Finances are long term - 9:57
- You can do more if you save more - 11:52
- All starts with our thinking - 12:52
- Making long-term decisions - 14:52
- Get ready for a trampoline year - 17:33
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer dive into the world of real estate where they discuss the historic low interest rates, some tax implications, and how they think it is going to be in the future.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- The real estate investing game - 0:32
- Real estate as a right thing for you or not? - 1:02
- One of the best ways to reduce taxes - 1:58
- What does real estate investing mean? - 3:26
- Do not speculate with real estate - 5:40
- Life insurance as a product - 8:05
- All real estate investors need a place to store cash - 8:47
- A reasonable rate of return - 13:14
- Using financial calculators - 15:57
- Getting access to capital - 18:32
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer talk about some of the historic changes that we are seeing in our world, and one of those major changes is about interest rates. The feds said that rates are going to be near zero for a number of years… Kim discusses this with her awesome expertise on this topic.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- Focus on what we can control - 0:56
- We always need to be careful - 1:43
- Having an emergency fund - 5:41
- Life insurance as a fabulous place to store cash - 6:33
- Seeking new opportunities - 9:00
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
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In this episode, Kim and Spencer take a community question about the various permanent types of life insurance policies. Take notes and 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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- What’s the definition of permanent? - 0:43
- Types of life insurance - 1:25
- Permanent or non-permanent life insurance policies - 2:14
- The biggest issue - 3:22
- Guaranteed and permanent work together - 3:37
- You can benefit from life insurance - 5:08
- The idea of a permanent product - 6:29
- Talking about universal life policies - 7:09
- Premium isn't guaranteed - 8:39
- An introductory book for you and another one for a deeper dive about life insurance - 12:57
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer dive deeper into a listener’s question: “How do paid up additions affect dividends?” They give a great answer to this question, so be sure to stay tuned!
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- Sharing knowledge with you - 1:50
- What do you think when you hear the word “premium” - 2:41
- Premium builds cash value - 3:16
- Understanding more about paid up additions - 4:23
- A dividend non guaranteed to be paid - 5:17
- What’s going on with dividends - 6:52
- Making a real estate investment - 10:04
- What will drastically benefit you long term - 11:17
- You do not have to go to the bank and ask for a loan - 12:55
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer talk about what the difference is between guaranteed and non guaranteed cash value life insurance. You’ll learn how this affects you and your family’s finances.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- How to understand this - 1:25
- The future projection of payments of dividends - 2:10
- Dividends are not guaranteed to be paid - 3:33
- Using the Truth Concepts Software - 4:38
- What happens when a dividend gets paid - 6:57
- The whole idea of financial planning - 9:39
- What requires life insurance - 10:22
- Encourage people to move forward - 13:43
- A guaranteed and non guaranteed rate - 14:43
- What’s the guaranteed cash value? - 15:27
- Kim talks about her book and why you should read it - 16:59
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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In the life insurance world, there’s a phrase called “Human Life Value”. In this episode, Kim and Spencer explore this topic: how to understand it, and find out what number fits for you.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- An internally used term - 0:35
- Understanding Human Life Value - 1:06
- Human Life Value calculation - 2:44
- What happens when we have other investments - 5:55
- Figure out what you need - 7:06
- Death is a guaranteed event - 8:28
- Whole life insurance and term insurance - 12:02
- Guidance that will help - 12:44
- Insurance the older generations first - 14:38
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
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Kim and Spencer talk about cash flow, salary, income, and much more. How can you increase your income? To find the answers, listen to this episode!
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- Learning more about taxation - 2:08
- Having an entrepreneurial mindset - 2:49
- Wanting to create more cash flow - 4:39
- Cash flow passive income type - 5:25
- Talking about tax brackets - 8:07
- Turning an asset into cash flow - 12:06
- Time is the variable - 14:34
- An aspect of time - 15:45
- Being clear on the why - 16:36
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
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Are you familiar with the term “adulting”? Kim and Spencer talk about what it is, and how prosperity got over adulting.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://www.goodnewsnetwork.org/its-amusing-the-ways-each-generation-defines-adulting/
Show Notes
- The generation that is coming up now - 1:00
- Getting clear about this word - 1:22
- Adulting could be around finances - 1:59
- The top twenty signs of being an adult - 3:01
- Understanding and monitoring your credit score - 5:07
- Build your opportunity fund first - 6:39
- Watching the news - 8:20
- Starting the morning with coffee - 11:08
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
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Kim and Spencer discuss how to create an income from your policies when you are in your nineties, but if you don’t think that you will make it into your nineties, Kim will advise you what to do instead.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- The killer is television - 0:57
- What happens in your nineties - 1:15
- Answering a listener question: “How do I create income?” - 1:56
- The word “annuity” is not well used - 4:02
- 85 is better than 80 - 4:49
- Creating lifetime income - 5:30
- The risk of longevity - 6:10
- What’s the whole point of insurance? - 7:34
- Having multiple policies - 8:50
- Using the death benefit while you are living - 10:27
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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This is a special episode, Spencer and Kim talk about the Principles of Prosperity and how to teach your kids about this important concept.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://partners4prosperity.com/subscribe
Show Notes
- Children are so teachable - 0:44
- Control: the ability to choose - 1:53
- Wanting to teach your kids - 3:52
- It is all about control - 4:47
- Helping you teach your kids - 7:26
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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What’s the fire movement? Spencer and Kim explain and dive into some important concepts: inflation, taxes, and longevity.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- One of the things that Kim is grateful for- 0:16
- What’s the fire movement? - 0:58
- Inflation and longevity - 1:44
- About inflation - 2:09
- Getting money and certainty - 5:14
- The Fire Movement - 7:16
- Using the word “retirement” - 8:05
- Overcome inflation and longevity - 9:05
- Longevity, taxes and, inflation - 10:13
- The next step to take - 12:10
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
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Subscribe on your favorite podcast player to get the latest episodes.
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Kim discusses the paid up additions and contributions for 2020. Learn more about it in this special edition!
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- What are paid up additions? - 2:06
- Raising the death benefit? - 2:58
- What limits are paid up additions? - 3:71
- The seven paid tests - 4:22
- The limits for 2020 - 5:35
- Ask for your maximum paid up additions for the year - 6:55
- Earning dividends - 9:14
- What other thing do you have to ask your agent? - 11:26
- Life insurance should become the norm for your family - 13:36
- What would give you more paid up additions - 15:35
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
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Subscribe on your favorite podcast player to get the latest episodes.
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Kim discusses 401k plans and how it causes credit card debts. She also shares one of her favorite books that she recently read.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- One of the latest books that Kim read - 0:21
- The most amazing listeners - 2:09
- One thing you can do as listeners - 2:49
- 401k and credit card debts - 3:27
- Being forced to use credit cards - 4:24
- Money where you can control it - 5:46
- Have cash on hand - 7:57
- Where do you store your cash? - 9:17
- The importance of having cash on hand - 10:37
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
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Kim and Spencer dive into the definition of capitalism: how it works, is created, and provides in today’s world, its future, and how we can embrace it.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- http://partners4prosperity.com/ebook
Show Notes
- Kim’s definition of capitalism - 0:23
- The movement of money - 1:44
- Capitalism works, creates and provides - 2:16
- Spencer’s definition of capitalism - 5:14
- How to have conversations with people - 10:45
- The tone of voice when you have a conversation - 11:35
- Seeking to be understood - 15:44
- The principle of control - 17:18
- What capitalism is all about - 18:26
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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What’s a favorite book that you’ve read recently? Kim and Spencer dive into some financial and entrepreneur book lists that you can use!
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://www.amazon.com/Letter-Great-Grandson-Message-Advice/dp/074324723X
- https://www.amazon.com/Disunited-Nations-Scramble-Power-Ungoverned-ebook/dp/B07RB1HMRM
- https://www.amazon.com/Rich-Kid-Smart-Financial-Paperback-ebook/dp/B017QL9AIS
- https://www.amazon.com/Education-Millionaires-Everything-College-Successful-ebook/dp/B0052RDJFE
- https://www.amazon.com/Tuttle-Twins-Learn-About-Law-ebook/dp/B00K7LEUPI
- https://www.amazon.com/Business-Reality-Checks-Family-Owned-Companies-ebook/dp/B01N4QTGXO
- https://www.amazon.com/Willpower-Doesnt-Work-Discover-Success-ebook/dp/B073P421QC
- https://www.amazon.com/Greatest-Salesman-World-Og-Mandino-ebook/dp/B004G8PIQ8
- https://www.amazon.com/Alchemist-Paulo-Coelho-ebook/dp/B00U6SFUSS
Show Notes
- Kim’s favorite list of books - 1:06
- Letter to a Great Grandson book - 2:00
- Financial books for kids - 4:15
- Books that are great for kids - 6:53
- Education of millionaires book by Ellsburg - 7:10
- The Greatest Salesman in the world book and The Alchemist book by Coelho - 9:20
- We all need to read - 11:46
Special Listener Gift
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Instead of coping at home, let’s focus on thriving. Kim and Spencer dive into an article on the AARP website.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- Coping at home - 3:02
- Talking about whole life insurance - 4:04
- Coping vs thriving - 4:49
- It’s easy to say “I can’t” - 5:55
- It is time to shift our language - 6:18
- Think about how you can make things better - 7:46
- Giving first and working to provide value - 10:17
- Thriving at home - 13:08
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Most people get stuck building wealth using the typical methods which are saving the wrong way, depleting capital to invest, and then relinquishing control. Wealthy families build legacies by following proven traditional methods. Kim and Spencer go deep and talk about making the transition from being a typical thinker and investor, to actually creating generational wealth.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- What they look for in the clients that they help - 1:36
- Focusing on your networth - 2:39
- Taking responsibility for our finances - 3:44
- The traditional thinker - 7:13
- Starting to do things differently - 8:58
- Having good investments - 15:14
- The ability to have liquidity - 18:34
- Building and maintaining wealth - 22:20
- Opportunity cost - 25:29
- Making decisions out of fear - 28:41
- The definition of alternative investments - 35:39
- The definition of an investment - 36:00
- Focus on the deal that you want - 39:40
- Take the time to learn - 42:25
- The act of savings - 45:20
- Providing a better place to store liquidity - 46:11
- Alternative financing - 50:07
- Creating legacy wealth and generational wealth - 52:10
- An important part of legacy - 57:55
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What are the habits of wealthy people? Kim and Spencer talk about how wealthy people think, act, and what they are thinking and doing with the current world circumstances.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- A dividend line to define wealth - 1:03
- The accredited investor definition - 2:07
- How are the wealthy responding to this world? - 3:17
- Things that we cannot control - 5:16
- Looking for deals and willing to buy - 6:48
- Focus on what you can control - 8:37
- How wealthy people think -10:08
- Lessons that Kim and Spencer have learned from millionaires - 14:00
Special Listener Gift
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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If you’re a recent high school or college graduate, there are boundless opportunities ahead! Kim and Spencer offer work and life advice to help direct you on a clear and successful path.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- What did you learn at school - 1:11
- A college graduate that wants to go to work - 1:55
- The Shopify example - 3:26
- Working from home - 4:18
- Looking at the results and paying accordingly - 6:56
- Being a more valuable employee - 8:03
- Looking at extremely wealthy people - 9:08
- An English degree - 12:04
- Having a positive mindset - 13:34
- Making a career change - 14:07
Special Listener Gift
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Learn all about liquidity with Kim and Spencer and how you can set up your finances to make it work for you.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- Talking about liquidity - 1:12
- What’s liquidity? - 1:50
- Money that you can get and having access to it - 2:24
- Cost fee and interest rate - 3:47
- Value and liquidity - 4:34
- The first job of liquid money - 5:28
- Liquidity for emergencies - 6:18
- Not having an emergency fund - 8:26
- What liquidity does - 9:39
- Financial liquidity - 13:30
- Emergency fund and opportunity fund - 16:42
- The best vehicle to create an emergency fund - 17:37
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Most people avoid talking about money and death. Kim and Spencer share how to make these conversations easy and even a great learning experience for all.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://www.visualcapitalist.com/rapid-rise-in-life-expectancy/
Show Notes
- Diving into the taboo subjects - 0:09
- Money and death - 0:35
- The importance of discussing money in a family - 1:21
- Why are those subjects taboo? - 3:14
- Appreciate your savings - 5:56
- The definition of an investment - 7:28
- Saving and investing - 8:41
- The taboo subject of money - 12:15
- The opportunity side of life insurance - 12:53
- What is your legacy - 13:45
- Questions are a helpful tool - 15:10
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Taking the prosperity idea challenge is a game we can all play whenever we need to pause and recalibrate. The acronym of PIC stands for Pause, Internalize and Compliment. Listen in and see if you would like to take on this challenge today.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- The Prosperity Idea Challenge - 0:10
- Making a situation prosperous - 1:58
- What we can do in a challenge - 2:38
- What Kim has learned throughout the years - 5:32
- Learning and practice skills - 6:50
- Having a positive mindset - 7:42
- The ability to pause and take a breath - 10:30
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
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When you see 0% offers for cars, furniture, or other promotions it's critical to get the entire picture. In this episode, Kim and Spencer unpack the purpose of these offers and how to remove emotions from the purchase so you can make the best decision.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes * Kim’s story - 0:24 * A phrase that Spencer uses - 2:21 * What are 0% APR promotions and other misleading offers? - 5:36 * Furniture stores and opportunity - 7:01 * Taking control of the situation and your emotions - 9:06 * Using the Principles of Prosperity - 10:36 * Thinking with a prosperous mindset - 11:39
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Gold and silver is a popular topic right now. Kim and Spencer share their insights and when it is the best time to buy.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes * Owning gold and silver - 0:29 * Should you buy gold and silver? - 1:26 * Buying gold as an investment - 2:17 * The idea of certainty that people are seeking - 3:54 * Putting things in your home that can help you change your mindset - 5:11 * Take action and move on - 5:57 * The opportunities during a crisis - 6:16 * Spencer’s experience in Ecuador - 6:52 * Having prosperous thinking - 7:38 * Take a look into the cryptocurrency space - 8:02 * A new currency - 8:30 * Opening our thoughts to new ideas - 8:44
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
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Kim and Spencer talk about the financial mistakes that you should avoid during a crisis. They define what a crisis is and what to do through one.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast * https://partners4prosperity.com/cash-from-scratch/
Show Notes * What is a crisis? - 0:28 * What to do if you have an opportunity - 1:50 * The importance of how you look at the situation - 2:13 * Looking at things differently - 2:35 * One of the financial mistakes to avoid - 2:51 * Dangers and opportunities right now - 3:39 * Not having liquidity is a danger - 5:38 * Prepaying a mortgage - 6:41 * Today’s opportunities - 8:41 * Different opportunities during a crisis - 9:45 * Having a bread machine - 11:23 * A family dinner environment - 11:37 * The opportunities that will arise for investors - 12:28 * Specific categories of assets classes - 13:44 * Learning helps us grow - 14:12 * The size of our thinking - 14:59 * The worst thing that we can do right now - 15:32 * The importance of having an entrepreneurial mindset - 16:56
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
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What should you do when you have credit card bills at this unbelievable time: pay your bills or not? Listen to Kim and Spencer’s insights.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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes * Pay off debt? - 0:52 * Lower your credit limit - 1:30 * Saving money - 2:08 * Savings is more important right now - 2:19 * Keep extra cash in the bank - 2:44 * Thinking with a prosperous mindset - 3:46 * At what point does it make sense to pay off credit cards? - 4:59 * Credit card interest rates - 5:44 * The importance of having savings - 6:35 * Handling emergencies - 7:12 * What we should do right now - 7:50 * The amount of credit scores - 9:07 * Your financial balance sheet - 11:02
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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With the rise in sickness and death, there is a lot of uncertainty circulating around how life insurance companies pay death claims and take care of their responsibilities.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast
Show Notes * Many people that are dying - 0:17 * Being conscious of death - 0:40 * Life insurance companies and industries - 2:12 * Life insurance companies dealing with death - 3:42 * Death is a serious thing - 4:36 * Life insurance companies and death claims - 4:58 * Companies that are dealing with today’s situation - 7:41 * What to do if you have the particular virus - 9:59 * Term life insurance as a valuable product - 11:06 * Human life value calculation - 13:02 * What is the convertible term insurance - 13:44 * Living in unbelievable times - 17:07
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
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While securities are volatile, there is one industry that remains constant. Find out why cash value whole life insurance is safe based on their business model and principles.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast * https://www.amazon.com/Federal-Reserve-Everyone-Needs-Know%C2%AE/dp/0199934479 * https://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/0912986212
Show Notes * The safety of whole life insurance - 0:12 * Understanding the financial principles - 2:03 * Life insurance company business models - 2:49 * The life insurance industry - 4:06 * The most important asset - 4:20 * Federal Reserve and central bank issue book - 5:08 * Key books to read - 5:59 * Continue taking action - 6:29 * How you can grow your cash value - 7:09 * Cash value and life insurance - 8:11 * What are the dividends? - 10:21 * Truth Concepts calculators - 12:21
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe to your favorite podcast player to get the latest episodes.
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Human ingenuity is going to help us get through these unbelievable times. Kim and Spencer talk about what they have control over, what they are thinking about, and how you can prosper even when it feels chaotic.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast
Show Notes * What's happening today - 1:04 * Entrepreneurial spirits - 1:15 * Mindsets ready for the transition - 2:24 * What we can control - 3:13 * Creating and promoting positivity - 3:40 * Finding ways to create value - 4:02 * Being future-focused - 4:41 * Growing in a time of crisis - 5:29 * What will lead us forward - 6:23 * What can I control right now? - 7:07 * Having massive learning possibilities - 7:59 * Taking care of your mind - 9:19 * Taking distance - 10:56 * Trying to find more prosperity in your life? - 11:50 * Starting your own podcast - 13:03 * Podkick’s work - 14:14
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
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Looking back at history, some of the most difficult times gave us the greatest innovations. The wagon was replaced by the car and work from home is replacing the office building. Listen to how Spencer and Kim are at a pivotal moment for innovation and what we can do at this unbelievable time.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast
Show Notes * A transition that we all are facing - 0:11 * Kim's experience using technology - 0:31 * Working from home - 1:36 * When you work from home - 2:40 * A complete revolution - 4:04 * The efficiency of working virtually - 4:14 * Figuring out how to learn - 5:12 * It is time to create something new - 6:19 * Think about what your self-thoughts are doing to you - 8:14 * Learning from the past - 9:33 * The importance of gratitude and innovation - 9:58 * Using the principles of prosperity - 10:36
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
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Self-isolation can feel like early retirement, many are realizing they don’t enjoy it. Find out how to be a creator in this unbelievable time and take control over your own personal prosperity.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast
Show Notes * The idea of retirement - 0:20 * How you can entertain yourself - 1:26 * Creating something new and valuable - 2:36 * What's going to be the biggest challenge? - 3:00 * What happens if you do not do anything productive? - 3:29 * Being careful of the amount of news that you take in - 4:32 * Shift your context and think differently- 7:21 * We need to control our environment - 8:18 * Focus on creating value - 9:58 * It is an unbelievable time for the world - 10:52 * The seven principles of prosperity - 11:26
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe to your favorite podcast player to get the latest episodes.
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Annuities, what they are, how they work, and how you can be prosperous with them, all of this will be answered in today's episode! 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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes * Kim's farm update - 0:37 * What are annuities - 2:19 * Schools of thought about annuities - 3:20 * The deferred annuities - 4:04 * Benefits of an immediate annuity - 5:15 * A place to put your money - 8:11 * Do the annuities match with the principles of prosperity? - 9:33 * Converting your life insurance policy into annuities - 10:31 * What does not provide an annuity - 11:44
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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This week on The Prosperity Podcast, Best-selling author Kim Butler and Spencer Shaw walk us through how to take control of our finances with great strategy and expertise! This week’s episode will help us navigate the overwhelming world of dividend options as well as establishing misconceptions believed about life insurance. Tune in today to increase your knowledge on Prosperity Economics, financial thinking, and how to incorporate these strategies in your life with The Prosperity Podcast!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it with an episode to follow!
Links and Resources from this Episode * For resources and additional information on this episode, visit http://partners4prosperity.com/category/podcast * To ask those difficult questions or have any curiosity on a subject, contact us by emailing hello@partnersforprosperity.com * To learn more about Whole Life Course 101, visit this page to dive into the endless opportunities of knowledge https://partners4prosperity.com/wholelife101/ * To sign up for the Whole Life Course 101 visit this page to get registered here www.wholelifecourse.com
Show Notes * 1:11—Let’s Dive In: What is the Best Dividend Option? * 1:15—The Insurance Company Dividend * 2:25—Dividend Election Much Like Reinvesting: “Sets a new floor for guaranteed cash value that will never go down again.” * 2:54—"Since This Is a Common Belief, Is This Where We See Many People Staggering?” * 3:08—The Staggering Fallacy in Confusion of Dividend Election * 3:38—Cash Dividends Are Not Recommended * 3:48—Policy and Profit: The Importance of Basis and Tax * 4:44—The Long Term Side: Front-End and Back-End * 5:00—Reduce Premium: A Strategy Recommended by Life Insurance Agents * 5:30—"it is much better for you to be paying your own premium and let your dividends go to either cash or paid of additions than to reduce your premium” * 5:46— A Necessary Evil: The Common Belief of Life Insurance * 6:05—Truth Logics Calculated, “Numerically Proven and Socially Vetted” * 7:00—Benefits of Dividends: Get a Variety of Term Insurance * 7:30—Pros and Cons of Term Writers * 8:20—Self-Education: The Newest and Hottest Business Model * 8:43— "as a society of consumers we need to understand this product, because it is valuable to us.” * 9:06—The Importance of Life Insurance Terms * 9:25—Whole Life Academy 101 Available For All to Purchase * 10:05—The Useful Tool of Legal Speak * 11:13—Medium Term Policy: Premium Offset Versus Premium Reduce * 11:38— “When a Premium is Being Paid, the Cash Value Rises” * 12:05—Investment Income That is Greater Than Your Expenses: Payment Premium * 12:30—Safety Net: Elect for Dividends to Repay Loan * 13:30—The Value of Navigating the Dividend for Your Phase of Life * 13:50—Jump into the Whole Life Course to Learn More and Download the Term List * 14:40—Be Sure to Send in Those Difficult Questions Today to hello@partnersforprosperity.com * 15:00—Thank You for Listening!
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Download today to listen on your way to work or read the eBook to enhance your knowledge on how you can improve your finances to live a flourishing life!
Review and Subscribe We are so glad you joined with us today to become a better version of yourself through listening to The Prosperity Podcast. Tune in for weekly updates on financial advice, Prosperity Economics, and answering those difficult questions! If you enjoyed today’s Podcast, be sure to rate, subscribe, and leave a review by clicking here.
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Kim and Spencer talk about questions that you will fill out when you have an insurance application and the implications of your answers. Stay tuned!
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast * https://truthconcepts.com/
Show Notes * What you can find in an insurance application - 1:28 * Why do you want life insurance - 1:51 * Talking about mortgages - 2:46 * Having a prosperity mindset - 3:05 * The effect of a business decision - 4:14 * Using Truth Concepts software - 4:55 * Life insurance as an advanced strategy - 5:19 * How to protect the business owner - 6:31 * The deferred compensation agreement - 7:20 * The use of a life insurance policy - 8:14 * Why you are setting up new policies - 9:15
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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Have you asked yourself how I can be prosperous in moments of pandemonium? With the news of fluctuating markets and viruses, Kim and Spencer dive into this unusual topic so you can have an idea of what to do if pandemonium happens.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes * What to do when pandemonium happens - 0:39 * How to control your thinking - 1:26 * Our mindset is the beginning of everything - 1:48 * Operating from a place of confidence - 3:10 * What to do when you are afraid - 3:24 * Controlling our thoughts when we are afraid - 4:16 * Avoiding the overwhelm - 5:04 * You can choose what to focus on - 5:29 * Getting your mental peace - 6:18 * Choosing how to think - 9:29 * The importance of focusing on your mindset - 10:43 * We live in a world of complete abundance - 12:14
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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Kim and Spencer talk about an often overlooked, but vital part of looking at your money in the future: which is the time value of money calculation. Stay tuned as they explain this important concept. 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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast * TC Financial Calculators App: https://apps.apple.com/us/app/tc-financial-calculators/id1469848563 * TC Financial Calculators App: https://play.google.com/store/apps/details?id=com.truthconcepts.financialcalcs&fbclid=IwAR0S51xcVYWA1E8nu4RI_Gq55QTCR-Un8ZaBKWgCrmAWiFO3lC3YbzV8O64
Show Notes * What's interesting about the time value of money? - 1:00 * It's easy to make mistakes in personal finances - 1:59 * The lack of time value of money - 2:37 * Paying less interest on mortgages? - 3:07 * Why people do not talk about the time value of money - 5:16 * Getting the whole truth using the time value of money - 6:26 * Always trying to find the truth - 7:40
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Do you know how important privacy and asset protection are? Kim and Spencer will share some insights about how you can have protection from the government by putting your assets into the right vehicle.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast * https://assetprotectionsociety.org/ * TC Financial Calculators: https://apps.apple.com/us/app/tc-financial-calculators/id1469848563 and https://play.google.com/store/apps/details?id=com.truthconcepts.financialcalcs&fbclid=IwAR0S51xcVYWA1E8nu4RI_Gq55QTCR-Un8ZaBKWgCrmAWiFO3lC3YbzV8O64
Show Notes * What Kim does to have privacy and asset protection - 0:27 * Different rules for different states when it comes to protection - 2:28 * A way to approach your finances - 3:46 * Talking about privacy and asset protection - 6:44 * The future value calculator - 7:05 * Opportunity cost is one of the biggest areas we make mistakes on - 8:00 * Common investments in 401K - 8:48 * Protecting ourselves gives us a valuable future - 9:19
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Learn about how the CLUE Method creates better opportunities to gain control and leverage. Listen as Kim and Spencer explain this method and how it can be valuable for you!
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast
Show Notes * What's The CLUE Method? - 0:20 * Using the CLUE method - 0:42 * "C" stands for control in the CLUE method - 1:05 * "L" Stands for liquidity in the CLUE Method - 3:43 * "U" stands for use in the CLUE Method - 5:33 * "E" stands for equity in the CLUE Method - 6:50 * Cash value and equity - 8:28 * Increasing the rate of return of property - 11:23 * If we look for CLUES, we will find opportunities - 11:47 * Follow the clues and follow the money - 12:22 * Teach the CLUE Method to your children - 12:42
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer dive into the principles of the Emergency Opportunity Fund and how to be prepared. Stay tuned and learn what to do in emergencies!
Best-selling author Kim Butler and Spencer Shaw show you how to take control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast
Show Notes * Mindset when your life throws you curveballs - 0:36 * What makes a curveball worse - 2:13 * The shift in mindset - 2:38 * Choose something to be grateful for - 3:07 * What do we do to handle the emergency fund when we do not have enough money - 3:40 * Awesome investment and potential investments - 4:19 * Never stop building your opportunity fund - 4:40 * What happens if you don't have enough in your emergency fund - 6:10 * What's disability insurance? - 6:55 * What to do when emergencies happen? - 8:59 * Steps for being prepared for emergencies - 10:12
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim Butler and Spencer Shaw discuss how often we talk about our credit score as an arbitrary number, but it affects almost everything that we do. They're going to explain how you can set yourself up for success in the future and other insights about improving your credit score. So, stay tuned and enjoy this episode!
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast * http://www.nationalcreditcare.com/
Show Notes * Where you can find your credit score - 0:37 * What's the credit score? - 1:06 * Your available credit limit on your credit card - 2:14 * The credit score is important - 2:39 * What can make an impact in your credit score - 3:52 * Being late on your payments - 4:44 * You can go to a variety of places to get your credit score - 6:49 * The annual credit report - 7:42 * The credit score in a healthy economy - 9:15
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer explain all about the Kolbe profile: what it means and how it can help express your talents, how to use it as a powerful business tool, and how it can give you guidance throughout your life. Stay tuned to learn about this impactful tool and learn more about yourself in the process!
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast * https://www.kolbe.com/
Show Notes * Are you familiar with the Kolbe Profile? - 0:11 * Kim's thoughts about the Kolbe Profile - 0:37 * The Kolbe Profile as a business tool - 0:56 * What's the Conative Connection? - 1:55 * Kolbe helps to express your talents - 2:49 * The Kolbe Profile gives you guidance about time - 3:32 * What's the Kolbe score - 5:02 * The Kolbe Profile is something to invest in - 5:30
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes * 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
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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This is a different episode because Kim and Spencer have their video camera on! Today, they will talk about a course where you can learn more about whole life insurance. Kim will explain what the course is about and what you can learn from it, so stay tuned and 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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast * Whole Life Course Link: https://academy.partners4prosperity.com/ * www.wholelifeinsurance.com
Show Notes * Teaching all about whole life insurance - 0:31 * Why the course was created - 1:25 * Questions with the course - 2:12 * Impact of not paying the policy interest - 3:22 * What happens when you pay interest - 4:22 * Borrow from the insurance company - 5:46 * The impact on loans and dividends - 7:03 * A non-direct recognition loan - 8:53 * The impact of paying premiums monthly or annually - 9:19 * All players equal for the insurance company - 10:41 * We have to deal with cash flow - 12:09 * Does it matter when you pay the premium? - 12:48 * The policy will exist until the person dies - 15:59 * Kim encourages people to pay their premiums as long as they can - 16:55 * The number one job of the policy - 18:11 * The perfect time to start another policy - 19:54 * Managing cash flow for new policies - 21:26
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
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In today's episode, Kim and Spencer talk about the gold rush and its impact. When people went out West in hopes to strike gold and become rich, it was actually those who were selling the picks and shovels that made the real money. Stay tuned and enjoy this insightful episode!
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast * https://www.scientificamerican.com/article/new-virtual-reality-interface-enables-touch-across-long-distances/
Show Notes * How sustainable wealth is built - 1:49 * The Perpetual Wealth book - 2:32 * Benefits of thinking perpetually - 3:11 * Thinking generationally? - 4:36 * Why it is important to have a bookkeeper - 5:03 * Using technology tools to help others - 10:14 * Learn as much as you can about finances - 11:50
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
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Using the latest innovations in science and technology can take you to the next level. Listen as Kim and Spencer discuss the different technological tools used in the finance world such as the Kolbe test, and how to implement these tools into your business and life. Stay tuned and 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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast
- https://www.kolbe.com/
Show Notes
- Prepping business owners for technology - 0:59
- Understanding who Dan Sullivan is - 1:55
- We need to find different mentors - 2:19
- Innovations in the financial industry - 2:55
- The difference between advice and implementation - 3:12
- Innovations that are happening in the industry - 5:50
- Some of the innovations that you can use - 6:17
- Kim's innovations - 7:15
- Talking about www.kolbe.com - 8:37
- Kolbe as a very useful tool - 9:06
- Helping people build a longevity mindset - 11:13
- Having a conversation around innovation - 11:49
- There's a massive innovation in the life insurance world - 12:36
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
If you like what you hear please leave a review by clicking here
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If you want to understand how to future proof your finances, this is one of the essential episodes to listen to. Kim and Spencer dive into how to increase your liquidity and where to store money. Be sure to stay tuned, and enjoy their intellectual wisdom!
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast * https://thetorch.com/
Show Notes * What it is we should be focused on to future proof our finances - 0:30 * Some changes to increase your liquidity - 1:59 * Where can you store your money? - 2:46 * There is not a right answer for where to store cash - 3:25 * Using whole life insurance to store your money - 4:10 * It is a joy to be able to help people - 7:02 * There is no better place than whole life insurance to store money - 8:10 * Massive lack of financial education - 9:36 * Part of your finances is your personal network - 10:59
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
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Kim and Spencer are so thrilled to share a personal story with you! Kim tells us how it was a bit difficult for her to title this story. So, if you want to know what the story is about, be sure to stay tuned until the end and enjoy it!
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes * Thinking on a title for the story - 1:05 * Retitling the story - 1:42 * A way to feel awesome - 2:02 * What's the story about? - 2:25 * The back part of the story - 3:38 * Saving first: learning about finances - 4:46 * Having a prosperity mindset - 5:28 * A piece of advice for parents that have kids - 6:28 * What builds character? - 8:22 * How can we as adults live more awesomely? - 9:00 * Having liquid cash to do the things that we need to do - 10:08
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
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Did you know what happened in the news recently? Kim and Spencer talk about how General Electric froze pensions for 20,000 employees. There's a principle of prosperity that would change all of it, so stay tuned and enjoy this episode!
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast * Latest CBS News: https://www.cbsnews.com/news/ge-pension-freeze-general-electric-freezing-pension-plan-20000-us-employees/ * Kim’s Book: https://www.amazon.com/Busting-Retirement-Lies-Abundance-Throughout/dp/099130540X
Show Notes * What you can do to not be like those people in the future - 0:42 * What can you do today? - 1:02 * Taking action with money - 2:08 * Lower taxes in the future is possible? - 2:45 * Creating as much income as possible - 4:05 * The principle of control gives the answers to all questions - 4:19 * Having control of your money - 6:24 * A savings plan is the best tool for retirement - 6:49 * Companies are always changing things - 8:54 * Focus on building more money that you can control - 9:40 * Busting the Retirement Lies book will help you! - 10:04
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
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A long-standing Thanksgiving tradition of the P4P podcast: the gratitude episode! Kim will dive into the things that she is grateful for and her perspective on this Thanksgiving season. One of the most important shifts that a person can make in their life is to be more grateful, so listen to this episode, and enjoy it!
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 about Prosperity Economics thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes * Celebrating Thanksgiving! - 0:14 * What it means to be more grateful - 1:18 * Identify things that you are grateful for - 1:40 * What Kim is grateful for - 2:29 * Applying gratitude for the future - 4:57 * Having huge growth goals - 6:41 * A point of view with gratitude - 7:30 * Combining gratitude and a proactive attitude with future focus - 8:19 * Thinking on this Thanksgiving season - 9:11 * A call to action for you - 10:13
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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Years ago, the term millionaire really meant something. On today's episode, Kim and Spencer talk about a well-known millionaire and why being a millionaire really is just the beginning. Enjoy this episode!
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 about Prosperity Economics thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes * Kim has been helping people for over 30 years - 0:37 * A million dollars doesn't mean the same as 30 years ago - 0:55 * Reading an article about saving one income - 1:41 * Realizing the definition of millionaire - 2:24 * Always focus on cash flow! - 3:17 * Two sides of the coin: net worth and cash flow - 5:10 * Common vehicles for millionaires that can build net worth - 8:52 * The importance of bridge loans - 10:38 * Practice to create income - 11:40 * Demystifying the term millionaire - 13:50 * Creating perpetual wealth for your family - 14:28
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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Today, Kim and Spencer talk about a new credit system. You’ve heard about personal credit, business credit, and now Kim and Spencer will introduce you to the Prosperity Credit! Stay tuned and learn more!
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes * The Prosperity Credit - 0:27 * Finding ways to increase and improve your business credit - 0:50 * The two elements of the Prosperity Credit - 1:15 * Two aspects of the Prosperity Credit space - 2:13 * The human life value and the Prosperity Credit - 3:09 * Several types of credit that you can have - 4:45 * The Prosperity Credit line - 5:50 * How the Prosperity Credit will impact your family - 6:22 * How you can create Prosperity Credit - 7:33 * For what you can use the Prosperity Credit - 8:19 * The first job of the credit - 9:40 * Talking about personal credit and credit report - 11:40 * The Whole Life Insurance Company Focus - 13:38 * Start to build Prosperity Credit - 14:45
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer discuss how the right coach or advisor can take you to the next step and overcome hurdles that you may not see. Stay tuned and 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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast * https://www.strategiccoach.com/
Show Notes * A coaching program for businesses: Strategic Coach ® - 0:35 * Taking a coaching program every 90 days - 1:04 * Why you should seek coaches - 1:27 * You always learn something: you cannot learn less - 2:18 * What's the beginner's mind? - 2:51 * The outsider’s perspective - 3:50 * Advisors can help us get better results quicker - 6:40 * Teachers that coach advisors - 7:44 * It is really important to have a coach - 11:30 * The idea of paying zero tax - 12:49 * Getting clear about what is most important for us - 14:03 * The words that you choose to use to define your thinking - 14:55 * People that think with a prosperous mindset - 16:10
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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If you are feeling stuck in your career and finances, don’t despair—Kim and Spencer explain in what way you might be stuck, why are you and how to “unstuck” yourself! They discuss how taking action, seeking guidance, being grateful, and investing in yourself can help you get out of the rut you’re in and soar to new heights. Stay tuned and don’t waste another minute feeling stuck!
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast * Kim’s Book: https://www.amazon.com/Busting-Retirement-Lies-Abundance-Throughout/dp/099130540X
Show Notes * Being stuck in your career - 0:51 * What happens when you feel stuck? - 1:12 * Solve a problem responding to "Why?" - 2:49 * Why do people get stuck? - 3:10 * What helps you get unstuck - 3:50 * Doing something to get things moving - 5:14 * Taking action! - 6:00 * A fun story about a person that hated his work - 7:13 * Seek guidance to get different results - 9:11 * Be grateful and invest in yourself - 10:00 * Busting the Retirement Lies book - 10:30
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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Bookkeeping is a great tool to keep your finances in order, but what more can you do to stay organized? In today's episode, Kim and Spencer dive into this topic and tell you what to do to keep your finances organized so you can achieve the greatest results. Stay tuned and enjoy this episode!
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast * Bookkeeping Company: https://www.bookkeepinghelpers.com/
Show Notes * A principle from Dan Sullivan: Who not How - 1:01 * Hiring a bookkeeper - 2:44 * The nature of bookkeeping - 3:28 * Finding the Who and not the How - 4:42 * Having the solution for a problem - 6:20 * What are you looking for in hiring a person to help you? - 6:40 * A bookkeeper will really help you out! - 8:24 * Difference between a bookkeeper and an accountant - 10:24 * Why bookkeeping is so important - 13:17
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
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Kim and Spencer dive into an interesting topic for today’s episode: Why you should not max out your 401(K) before the end of the year. Stay tuned and listen to their insights. 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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast * Kim’s book recommendation: https://www.amazon.com/Accidental-Superpower-Generation-American-Preeminence-ebook/dp/B00JJ322NC
Show Notes * Deferring a tax problem - 0:34 * Understanding the definition of deferring - 0:50 * The deferral of taxes - 3:24 * Kim’s book recommendation - 6:13 * Having your money in the stock market - 7:40 * The importance of control as a principle of prosperity - 7:56 * Pay the tax and keep the money! - 8:38 * Keep seeking other deductions - 9:54 * Do not use the 401(K) - 10:30
Special Listener Gift * Free eBook: Financial Planning Has Failed
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How can you prepare yourself for the end of the year? Kim and Spencer will dive into how to create cash flow, emergency funds, getting your estate in order, and how to get organized with your finances. Stay tuned and enjoy this episode!
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast
Show Notes * Top three things to focus on: cash, cash and cash flow - 0:54 * Cash and cash flow - 1:47 * Having money saved - 2:03 * Emergency funds - 2:44 * Create enough cash flow to cover minimum expenses - 4:00 * Creating cash flow from your assets - 5:06 * The importance of organization - 6:06 * Getting your estate in order - 7:49 * Be focused and take action! - 10:00 * Reach out to Kim Butler - 10:04
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe If you like what you hear please leave a review by clicking here
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Is there a recession on the horizon? This is the topic of today's podcast. Kim and Spencer talk about if that is going to happen, when it is going to happen, and how you should be prepared for it. Stay tuned and take notes!
Best-selling author Kim Butler and Spencer Shaw show you how to take control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast * Peter Zeihan’s book: https://www.amazon.com/Absent-Superpower-Revolution-Without-America/dp/099850520X * https://www.youtube.com/watch?v=feU7HT0x_qU
Show Notes * We may not need to worry about it at all - 0:27 * Some things that you can do to be prepared - 0:38 * The monetary side of being prepared for a recession - 0:59 * Talking about Peter Zeihan’s book - 2:06 * What is going to happen if the dollar fails? - 4:04 * Kim's biggest suggestion about an upcoming recession - 4:49 * Stock market prices - 5:44 * What business is all about - 7:07 * When most millionaires were created - 8:00 * Focus on your thinking first - 9:22 * A course about Whole Life Insurance - 11:29 * Helping children understand what a recession is - 13:50
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer talk about a white paper called, “The Seven Deadly Investor’s Sins.” They discuss some of these things they agree with and a few of the investor sins they want to scream at. Stay tuned and see if you agree or disagree.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes * Talking about the PDF report - 0:41 * Inappropriate asset allocation - 1:03 * Certainty is one of the Prosperity Economics Movement Principles -2:52 * Having too much cash - 3:09 * Whole Life Insurance as a wonderful place to store cash - 4:04 * The Control Principle - 5:02 * Paying excessive fees - 5:25 * The Opportunity cost of your fee - 6:44 * Poor tax management - 10:13 * Inflation is your number two enemy - 11:31 * Lifestyle inflation - 12:57 * Two things that help us avoid inflation - 13:27 * Living off interest - 13:58 * Poor debt management - 16:16 * A mistake that people make - 17:14
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Savings: an important tool that every family should address to have control over their finances. In today's episode, Kim and Spencer talk about savings, because most financial advisors tend to not address that very much. Listen to Kim and Spencer share their wisdom and advice and enjoy this episode!
Best-selling author Kim Butler and Spencer Shaw show you how to take control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode * For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast
Show Notes * Savings as a verb and as a noun - 1:03 * Talking about a recent post about savings - 1:48 * The value of intention - 3:22 * Looking at savings differently - 4:15 * Kim's ideas about savings - 5:44 * The whole idea of a unique ability - 6:57 * Where to cut expenses? - 8:52 * Having a Prosperity Mindset to save -10:35 * Getting help when you do not know something - 13:06
Special Listener Gift * Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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It’s that time again— students go back to school, adults go back to work, and now we all need to go back into good habits! Kim and Spencer explain what it is to get back to good habits and how we should address it, so stay tuned and enjoy!
Best-selling author Kim Butler and Spencer Shaw show you how to take control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- Article mentioned in the episode:
- https://www.rd.com/advice/parenting/back-to-school-secrets/
Show Notes
- Talking about habits - 0:47
- How to add new habits - 1:06
- Thinking on a new habit that you want to add - 1:23
- Taking some examples from a post - 2:00
- Designate a homework spot for your kids - 2:10
- An example of a ballerina's habit - 3:37
- Another example of habit inside the article - 3:50
- Working on personal things to have progress - 4:24
- Ask yourself: what rejuvenates you? - 5:05
- Having an attitude of gratitude - 5:36
- Thinking on what you are grateful for - 6:48
- Kim and Spencer being grateful for their listeners - 8:21
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Do you want to understand more about money processes? In today's episode, Kim and Spencer dive into the circle of money to create wealth, how it’s going in, how it’s going out, and how it affects you. You will learn more about good financial habits that will help you build wealth. They explain this topic in the previous podcast #307, but today they dive into it more deeply. Stay tuned and enjoy!
Best-selling author Kim Butler and Spencer Shaw show you how to take control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast
- Link to episode 307: https://partners4prosperity.com/having-numerous-policies-as-a-financial-strategy-episode-307/
- hello@partners4prosperity.com
Show Notes
- The previous podcast in which Kim and Spencer explain the circle of money - 0:43
- The principle of cash flow - 1:00
- Money is going out every month - 1:29
- Storing savings: using a life insurance policy - 1:43
- Working on creating cash flow - 2:44
- How to enable your wealth efficiency- 3:46
- Where can I put the extra money? - 4:30
- A whole life insurance to save your money - 4:56
- Explaining the circle of money to create wealth - 6:30
- Premium policies - 8:17
- Convertible Term Insurance - 9:49
- If you are confused about what to do, schedule a call with Kim - 11:07
- Part one of this circle of money: episode 307 - 11:30
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Educating your children can be a daunting yet important and fulfilling task, but when it comes to money, what’s the appropriate age to educate them? In this episode, Kim and Spencer talk about how early you should start educating your children about finances and money... Stay tuned and enjoy this episode! Best-selling author Kim Butler and Spencer Shaw show you how to take control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast
- Book Kim mentioned: https://www.amazon.com/Even-Your-Toes-Turn-Purple-ebook/dp/B072HL74P4
- Kim’s latest book: https://partners4prosperity.com/perpetual-wealth-book
Show Notes
- Teaching them as early and as often as possible - 0.28
- The idea of delayed gratification - 1:10
- Having conversations at 3 or 4 years old with our children - 2:30
- Teaching the connection between work and money - 3:39
- Being conscious of the words that we use around our children about money - 4:32
- Can I afford it or how can I afford it? - 5:55
- An example of not having money to afford a car - 6:32
- Kim recommends a book: Even If Your Toes Turn Purple - 7:16
- Teaching our children from an entrepreneurial perspective about money - 7:48
- How you speak about money impacts younger people - 9:31
- Being aware of our language now to create a legacy generation - 10:01
- Kim's book Perpetual Wealth and the Legacy part - 10:30
- Strategies for raising responsible children - 11:26
- Working with the younger generations - 12:20
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Estate planning, what is it and how to address it... Kim and Spencer talk about this important topic and the estate planning mistakes to avoid, how to get better prepared for it, and manage an individual's asset base. How can you prepare now for the future? Listen to this episode so you’ll know what to do, and just as importantly, what not to do.
Best-selling author Kim Butler and Spencer Shaw show you how to take control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast
- http://nnepa.com
- Book Kim mentioned: https://www.amazon.com/Click-Here-When-Die-Making-ebook/dp/B071ZQ2WWC
Show Notes
- Estate Planning: too big, too much, too challenging - 0:31
- On Estate Planning you are going to do the work - 0:52
- The difference between doing the work now and doing the work later - 1:23
- Kim's story about her mom and grandmother - 1:55
- Doing the work "now" - 2:20
- Should I have a Revocable Living Trust? - 4:10
- Paying an attorney to settle estate planning - 5:27
- Procrastination equals more money and paperwork - 6:02
- Repercussions - 8:00
- Kim's recommendation: consider a revocable living trust - 10:10
- Rick Randall's website: National Estate Planning Attorneys - 10:55
- What Kim likes of Rick's work - 11:49
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Creating wealth for legacies, is the topic of today's episode, so join us as we listen to Kim and Spencer dive into a useful tool that they consider valuable for the pursuit of your goals: The Perpetual Wealth Book, so don't miss this opportunity to get one step closer to your desired objectives.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://partners4prosperity.com/perpetual-wealth-book/
Show Notes
- The Book as a tool - 0:31
- Build, maintain and transfer wealth - 0:56
- Family Banking - 1:50
- The Perpetual Wealth Book - 2:41
- The value of the death benefit - 2:55
- A snapshot of the book - 3:12
- The concept of maintaining - 4:09
- Inflation is the number one enemy - 5:11
- Transferring wealth - 6:50
- Transferring values - 7:55
- Winning the long game of wealth - 8:34
- Savings as an important habit - 9:14
- How to get the Perpetual Wealth book - 9:46
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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What's the biggest missing piece in personal finance? Well, if you want to know, you should tune in to today's podcast because Kim and Spencer dive into the subject of opportunity cost and why understanding it may be the difference between success and failure.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://truthconcepts.com/
Show Notes
- Opportunity Cost - 0:30
- Todd Langford's calculator - 1:49
- Kim's story of the opportunity cost - 2:34
- Understanding the opportunity cost term with an example - 3:36
- When Spencer learned about opportunity cost - 4:42
- Opportunity cost around mortgages - 6:34
- The Truth Concepts website - 9:07
- Todd's youtube channel - 9:36
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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A potentially life-changing approach to debt payment, Dave Ramsey's "snowball method" will be the topic of discussion today, as Kim goes into detail as to how paying off bills in order of smallest to largest, regardless of the interest rate, may prove beneficial for you.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://www.daveramsey.com/blog/get-out-of-debt-with-the-debt-snowball-plan
- https://www.udacity.com/
Show Notes
- The Dave Ramsey Snowball method- 0:53
- Paying your debts - 1:00
- What happens if you do not use your credit card? - 1:46
- Building up savings - 2:49
- Solving future problems - 3:03
- Having money in a savings account - 3:32
- Your bills in auto pay - 4:14
- The "Perpetual Wealth" book - 6:06
- How to build wealth - 6:41
- Benchmarks of the Emergency Fund - 7:47
- Savings is the foundation - 9:28
- Building your opportunity fund - 10:24
- Principles that are applicable for so many things - 11:29
- Finding ways to earn extra money - 12:23
- Make personal finance your focus - 13:30
- Talking about Udacity.com - 14:28
- The Prosperity Snowball - 15:30
Special Listener Gift
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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The Endowment Effect, is perhaps something that you've never heard about, but stay tuned and you'll learn the importance of having a grasp over the concept, as Kim and Spencer discuss this surprisingly interesting topic through their emblematic intellectual wisdom.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- Financial terms - 0:32
- Understanding the theory - 1:06
- The endowment effect - 2:02
- A negative aspect of the endowment effect - 3:20
- Understanding the concept through an example - 5:11
- Misunderstanding the Whole Life Insurance - 7:18
- A place to store cash - 8:40
- The importance of the word "save" - 9:35
- The act of savings save families - 10:04
- The cash opportunity - 11:41
- Get in touch with Kim - 12:33
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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What is your unique ability? How can you use in your personal finances? Learn the answers to these questions and more on today's Prosperity Podcast as Kim and Spencer discuss the implications of this term.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- http://www.kolbe.com/
- https://www.amazon.com/Busting-Real-Estate-Investing-Lies/dp/1544504233
Show Notes
- The term unique ability - 0:29
- Unique areas of expertise - 1:15
- Your unique ability has been with you forever - 2:13
- The Kolbe profile - 3:21
- Having self-knowledge - 3:58
- Maximizing your unique abilities - 4:48
- Kim shares an example of her unique ability and Todd's unique ability - 6:00
- Follow what you love - 9:10
- The first investment is ourselves - 10:14
- The importance of knowing your unique ability - 11:20
Special Listener Gift
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Learn how to overcome the hardest moments in life with Kim and Spencer as they discuss the subject of preparing for a disaster or hardship while also giving us specific tips and recommendations that we may find useful.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://www.funeralocity.com/
Show Notes
- Preparing for a disaster - 0:30
- What happens during a storm? - 1:33
- Tips to prepare for a disaster - 1:55
- Water, light, and food - 3:46
- What to do when a disaster is happening? - 5:03
- Having cash on hand - 5:57
- The importance of having a family plan - 6:31
- Finding solutions and help - 8:10
- Being prepared - 11:20
- Deciding what you want to do - 12:26
Special Listener Gift
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Knowing when to take the next step can be critical when getting another policy. Kim and Spencer discuss when it makes sense to get another policy. Listen to Kim’s financial wisdom and experience, and enjoy the podcast!
Best-selling author Kim Butler and Spencer Shaw teach 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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- The best place to store cash - 0:32
- What to do after 2-3 years after buying your first policy - 1:05
- Psychological triggers - 2:19
- Immediate results - 3:37
- The savings habit - 4:38
- Thinking about a second policy - 6:20
- Term insurance vs whole life insurance - 7:31
- Starting a policy on a child - 8:04
- What is convertible term insurance? - 9:17
- A convertible policy to whole life policy - 10:20
- Understanding your cash flow to get another policy - 11:11
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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The Principle of Control is one of the Seven Principles of Prosperity Economics and on today's podcast, Kim and Spencer expose how millennials apply this principle in their financial decisions and help us shift the way we think about this concept, so sit back, relax and 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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- Control as a principle of prosperity - 0:44
- Understanding the other principles - 1:16
- Kim talks about "typical financial planning" - 2:47
- Using the word "traditional" - 2:58
- Traditional financial planning - 3:29
- Helping millennials have more control - 4:10
- The most important principle - 4:59
- Things that we can control - 6:16
- Using the seven principles of prosperity - 7:00
- Control and self-directed IRA - 8:36
- Implementing control and changing your strategy - 11:42
- Seeking the right education - 13:25
Special Listener Gift
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Today Kim and Spencer talk about the home equity line and how this is going to affect your finances. 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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
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
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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A new kind of graduation: the prosperous mindset graduation, is the ravaging topic that Kim and Spencer tackle on this brand new episode, so don't miss out on this opportunity to hear their exclusive insight on how it may change your life for the better.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- Graduations - 0:55
- Am I done or just getting started? - 1:06
- "Getting started" as a prosperous mindset - 1:15
- Paying money to continue learning - 2:02
- Education does not stop after graduation - 2:20
- Your best learning method - 3:10
- What does a prosperous person do? - 4:51
- Having humility - 5:07
- The retention piece of the learning process - 5:35
- Learning and retaining knowledge - 7:17
- The whole point of learning - 8:11
- The meaning of "WHO" - 9:06
- Teaching and retaining knowledge - 10:45
- Teaching what we are learning - 11:23
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim Butler and Jimmy Vreeland talk about their latest book: Busting The Real Estate Investing Lies. Join us to listen to the authors comment on their favorite stories and topics from the book and why this is a must-read piece for you.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://bustingtherealestateinvestinglies.com/
Show Notes
- Discussing the book: Busting the Real Estate Investing Lies - 0:56
- Jimmy's failures - 2:43
- Trying every investment strategy - 3:29
- Life Insurance and Real Estate together - 3:58
- Real Estate is the oldest way to build wealth - 4:17
- The oldest form of storing wealth: Life Insurance - 4:25
- Life Insurance has the liquidity, Real Estate has the cash flow - 4:30
- Kim and Jimmy's audiobook - 6:38
- Understanding a little bit more about passive and active income - 8:41
- What does a wealthy person do? - 9:06
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Do you know what is cash flow out and cash flow in? Knowing the difference may help your financial situation significantly, so don't miss out on this opportunity as we listen to Kim and Spencer address the subject with their unique insight and characteristic wit.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://www.amazon.com/Busting-Interest-Rate-Lies-Discover/dp/0991305418
- https://www.amazon.com/Live-Your-Life-Insurance-Butler/dp/1441486895
Show Notes
- What is cash flow out? - 0:31
- Starting to save - 0:42
- Saving 10 to 20 % of your income - 1:15
- Cash flow out is the act of saving - 2:46
- Our favorite way to save: automating savings - 3:25
- Buying a whole life insurance policy - 4:03
- Cash value's job - 5:22
- Whole Life Insurance has warranties - 6:06
- The Emergency fund and Life Insurance - 6:51
- The Opportunity fund - 8:34
- Pay yourself first - 9:46
- Cash flow out savings first - 10:33
- Kim helps you - 11:34
- Live your life insurance book: A Kim's recommendation - 12:03
Special Listener Gift
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim Butler’s newest book titled “Busting the Real Estate Investing Lies” is now out and Kim and Spencer talk about what you will learn. Get your copy of the book on Amazon https://www.amazon.com/Kim-D.-H.-Butler/e/B00523N6HE
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://www.amazon.com/Kim-D.-H.-Butler/e/B00523N6HE
Show Notes
- The roles of real estate and life insurance as similar assets - 0:39
- Whole life insurance is liquid - 0:48
- The difference between Real Estate and Life Insurance - 1:23
- The thing that all investors must have - 1:58
- Real Estate investors and speculation - 3:10
- The successful Real Estate investor - 4:33
- A property flipper - 5:35
- The cash flow investor is always employed - 5:55
- A reasonable amount of cash flow - 6:46
- A cash flow deal - 7:08
- Applying reason to back up your pursuits - 8:58
- Selling your property without paying a lot of taxes - 9:49
- Strategies that are taught inside the book - 11:23
- The true experiences that are taught inside the book - 12:59
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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An in-depth look into the concept of cash flow is the topic of today's episode as Kim and Spencer explain this somewhat elusive concept with easy to understand metaphors such as running a 5k, a 1/2 marathon and a marathon, and their cash flow equivalents of 5k bridge loans and 1/2 marathon bridge loans.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- A couple close to retirement - 0:43
- What is net worth? - 1:15
- What cash flow does for you - 1:54
- Understanding cash flow through a metaphor - 2:23
- Creating monthly cash flow - 3:18
- Creating cash flow requires practice - 3:45
- Discussing bridge-loans - 4:23
- Accredited investors that create cash flow - 8:31
- Addressing turnkeys - 9:09
- Learning about Real Estate - 9:59
- Turnkey Real Estate - 10:42
- Getting involved in the Oil and Gas field - 12:00
- Looking for the "marathon" cash flow - 13:35
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Today’s podcast is on how multiple life insurance policies can be a savvy financial strategy! Join us to listen to Kim and Spencer as they dive into all the policies that could be of use to you as well as how, when and why you should have multiple policies at once.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://truthconcepts.com/how-do-i-tell-if-my-real-estate-deal-is-a-good-one/
- https://truthconcepts.com/
Show Notes
- Discussing term insurance - 0:30
- Kim talks about whole life policies - 0:49
- Needing more policies - 1:30
- A paradigm shift - 2:12
- Starting whole life insurance - 2:32
- Addressing the subject of the death benefit - 3:13
- Having a monthly premium - 4:39
- Building a solid foundation - 5:54
- Your premium payments - 6:55
- When it is time to buy another policy? - 7:13
- The emergency fund - 8:49
- Borrowing against the cash value - 9:27
- Earning more than the borrowing costs - 10:30
- The Real Estate calculator - 11:47
- Your cash value and life insurance as a liquid asset - 13:13
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Could you imagine how a $500,000 income could be considered scraping by? Kim and Spencer dive into the actual definition of scraping by and give us some examples of their own experiences as financial advisors. Stay tuned to listen to our hosts discuss the terms “lean years” and “green years” as they analyze their applications with an example of a couple that has a $500,000 year-income.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://www.cnbc.com/2018/03/06/budget-breakdown-of-a-couple-that-makes-500000-a-year-but-cant-save.html
Show Notes
- Defining income and expense - 0:48
- Lean years and Green years - 1:00
- The profitability of a business - 1:14
- What is a green year? - 1:40
- Teaching your kids about lean and green years - 2:52
- Example of a lean year - 3:13
- Earning $500,000 a year - 3:50
- Discussing the CNBC article - 4:16
- Discussing the subject of “money” with the family - 9:22
- Communication in the family - 10:05
- Increasing your cash flow - 10:30
- Discussing the importance of “savings” - 10:55
- A high-income earning couple - 12:34
- Saving first - 12:46
- The cost of personal care - 14:24
- Thinking differently to get different results - 17:58
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Today we learn why every business earns a commission and why you need to look at fees and commissions in a completely new way. Stay tuned to this new Prosperity Podcast episode to get Kim's and Spencer's intellectual wisdom on this matter.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://www.amazon.com/Sell-Human-Surprising-Moving-Others/dp/1594631905
Show Notes
- One of Kim's favorite subject - 0:29
- Earning a commission - 0:54
- Compensation is problematic - 1:40
- Kim's book recommendation: “To Sell Is Human” - 2:38
- Currently disrupted industries - 3:15
- Fees and commissions - 4:15
- The fiduciary platform - 4:54
- The medical industry and their fees - 6:20
- A store named "Dirt Cheap" - 7:53
- The importance of values - 9:43
- A story about longevity - 10:44
- Pick your products the same way that you pick your relationships - 11:15
- Wealthy people plan for the next generations - 12:36
- Decide what type of relationships you want for your business - 14:00
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer dive into an extensive topic: College tuition. Is it really a game that we should be playing? if so, let's understand what the rules are so we can participate in it more effectively.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://www.udacity.com/
- https://www.amazon.es/Education-Millionaires-Michael-Ellsberg/dp/1591845610
Show Notes
- The value of a four-year degree - 0:35
- Focusing on college - 0:47
- Getting a service degree - 1:07
- An emphasis on online education - 2:11
- College tuition is a cost - 2:36
- Being able to study in a college - 3:21
- Spending time and money on education -4:24
- What is Opportunity Cost? - 5:49
- Measuring the opportunity cost of college - 6:09
- The whole college experience has become unnecessarily expensive - 6:48
- Spencer's college experience - 7:39
- Focusing on online learning opportunities - 9:08
- Kim's recommendation: “audacity for nanodegrees” - 9:50
- Kim's book recommendation: “Education For millionaires” - 10:27
- Finding a way to start a business - 11:08
- Learning as a part of growing - 11:45
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Kim and Spencer approach this episode a little bit differently, that's because today they answer some listener's questions regarding the movement, Kim's principles system, and her amazing background story. Don't miss out on this opportunity to find out more about our amazing host. 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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://www.amazon.es/Yes-Improvisation-Reverses-Creativity-Collaboration-Lessons/dp/0062248545
Show Notes
- The Prosperity Economics Movement is related to clients - 1:07
- There is a better way to deal with your finances - 1:45
- The movement is a way for people to learn - 2:26
- Kim's background - 3:06
- Working for a bank - 4:51
- The value of teaching children how to deal with money - 5:09
- Kim's guiding principles in life - 6:04
- Being tired of banks' restrictions - 6:30
- When Kim knew that she wanted to work with clients - 8:04
- Being certified as a financial planner - 8:46
- The definition of typical in the financial world - 12:16
- What “typical” implies for Kim - 12:43
- An important value: efficiency - 14:29
- Living in the house of both - 15:28
- Discussing the book "Yes, And" - 16:15
- Discussing Kim's book: “Financial Planning Has Failed” - 17:45
- The importance of having principles in life - 18:49
- The Seven Principles Of Prosperity - 19:36
- Developing the Seven Principles of Prosperity - 21:52
- The need for a name - 23:23
- The Prosperity Economics concept and definition - 24:54
- Creating an event about financial education for advisors and clients - 27:06
- The Truth Training - 30:02
- One of the goals of the Prosperity Economics Movement - 31:05
- What the future holds for the movement - 31:20
- Helping more people in more ways - 33:00
- What do the Principles for Prosperity do for the listeners? - 35:50
- Discussing the Prosperity Economics' Principles - 36:16
- Readjusting the Principles and adding a few - 37:20
- Remaining open to change for the better - 37:50
- The Truth Concepts Software - 39:20
- Trying to help you and your family - 41:35
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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There are many common questions regarding Self-Directed IRA: what are they, how do they operate, and how they could affect you and your finances. Stay tuned to get the answers you seek.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- What is a Self Directed IRA? - 1:03
- The risks of using Self Directed IRA - 1:46
- Choosing your investments - 2:43
- The trustee of the IRA - 4:00
- Tax benefits of the IRA - 4:33
- Beneficial Real Estate Law - 7:09
- IRA in Real Estate? - 8:00
- How to get a Self Directed IRA - 9:23
- Self Directed custodians - 10:54
- Fees for Self Directed IRA - 11:44
- Restrictions on fee payment - 12:45
- Taking The money out - 14:02
- IRA as the worst asset to die with - 14:40
- What we need to understand about IRA - 16:00
- Kim's recommendation - 18:08
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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In the life insurance industry, one of the great commandments is “thou shalt not cancel your policy!” Kim and Spencer also discuss why you should use the flexibility of the policy to sustain it and to help it sustain you.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- Article about how to save a life insurance policy https://partners4prosperity.com/save-a-life-insurance-policy-when-you-cant-afford-the-premiums/
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- Understanding more about the whole life policy - 0:59
- An asset that you’ll never get back - 1:57
- The best place to store liquidity - 2:11
- Life insurance death benefit - 3:00
- Reasons not to cancel your whole life policy - 3:53
- Regret after canceling whole life insurance - 4:49
- Discussing a whole life insurance case study - 5:33
- Borrowing against cash value - 6:41
- Helping people understand the importance of whole life insurance policies - 8:10
- "I wish I’d bought a policy earlier" - 9:05
- Do not cancel your whole life insurance policy - 9:29
- Automation and your bank account - 10:44
- Financial education for your family - 11:28
- What to do if you’ve canceled a whole life insurance policy? - 12:05
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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This episode is all about mineral rights, how they cash flow and what to expect when using this investment. Kim and Spencer cover being an accredited investor, tax implications and cash flow.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- Wealth derived from mineral rights - 0:52
- Mineral rights and bridge loans - 1:14
- Creating income from assets - 1:48
- What is a bridge loan? - 2:00
- What are mineral rights? - 2:38
- Oil and Gas productivity - 3:29
- Definition of an accredited investor - 3:55
- Oil and Gas companies - 5:51
- Creating cash flow on a monthly basis - 6:16
- Moral issues with the oil and gas industry - 7:33
- The price of Oil - 8:18
- Tax implications with oil and gas industry - 9:17
- Paying taxes is not a bad thing - 10:02
- The bridge loan space as an income provider - 11:11
- An asset to create additional cash flow - 11:54
- Money needs to flow - 12:25
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Today, Kim and Spencer talk about the latest version of the “Live Your Life Insurance” book, now in Spanish! They dig into what their expectations are on how it will impact the Latin community, and also some of the differences between how Latins see saving compared to the average American.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- Vive Tu Seguro de Vida: Estrategias Sorprendentes para Construir la Prosperidad de Toda la Vida con Su Póliza de Vida Total (Spanish Edition)
Show Notes
- The translator had a strong connection with the book so it was done with love - 1:50
- It will allow the message to reach more people - 2:20
- Trying to find the right person to do the audiobook version - 2:50
- How people around the world use whole life insurance - 4:50
- How people’s view of the economic system shifted in the 1950s
- How this book will impact the Latin community into using whole life insurance - 6:00
- The way Latin Americans save money against how Americans do it - 8:00
- An invitation for Spanish speakers to get the book - 10:30
- Once again, Kim talks about the first principle of prosperity: THINK! - 10:50
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Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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It’s absolutely crazy that people are celebrating a tax refund. After this episode, you're going to realize why we don't want to put on the celebration hat for getting a tax refund and how you can minimize your tax burdens.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- Tax refunds and tax returns - 0:45
- Not getting a refund - 1:54
- Working out your relationship with your money - 2:42
- Having control over your cash flow and assets - 2:58
- Getting refunds - 3:30
- Plan the amount of taxes that you will need to pay - 3:55
- The Life Insurance Policy is liquid - 4:22
- Handling the extra money - 4:56
- A different way to pay taxes - 5:17
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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We discuss why borrowing against your whole life insurance too often, too soon and too much might not be a good idea.
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!
Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- Borrowing to invest - 0:55
- How to use your emergency fund - 1:22
- Being conscious of what we are borrowing for - 1:58
- Eliminating your emergency fund - 2:33
- Being patient to get better results - 4:50
- Getting assets to continue growing - 7:30
- Finding cash flow deals - 7:50
- The emergency number is zero - 8:34
- An emergency and opportunity fund - 9:40
- What the emergency fund is for - 10:03
- Adding opportunities to our way of thinking - 10:44
- Prosperity thinking and prosperous mindset - 11:06
- Get in touch with Kim and Spencer - 12:48
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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Technology is evolving at an exponential rate, nowadays the subject of adapting to this changing landscape proves to be more relevant than ever, that why on today’s episode, Kim and Spencer talk about how we can automate things in our lives to make it more fulfilling, easier, and prosperous.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://www.expensifythis.com/
- https://www.amazon.com/Live-Your-Life-Insurance-Butler/dp/1441486895
Show Notes
- Innovative thinkers in the world - 0:38
- Technologically oriented - 1:26
- Reverse mentorship - 1:44
- Using Expensify - 2:09
- An idea-capturing machine- 4:23
- Automatic reminders on your phone - 5:36
- The coolest things about podcasts - 5:50
- The whole life insurance - 6:55
- Automate saving money as a habit - 7:53
- If you want good results - 9:23
- Dividends first in Life Insurance - 10:39
- Mutual Life Insurance Companies - 11:13
- Get in touch with Kim Butler - 13:26
- Kim’s book: Live Your Life Insurance - 14:36
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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The challenges of old age will be the topic of this new episode of the Prosperity Podcast as Kim and Spencer talk about what happens when you or your family members start to get older and attempt to answer the question: is it possible to reverse the aging process?
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://www.seniorliving.org/basics/corporateseniorcare/seniors-helping-seniors/
- https://www.padsplit.com/
- https://www.udacity.com/
Show Notes
- Ideas of a futurist - 0:49
- Senior living and elderly care - 1:17
- Surpassing previous life expectancy - 1:30
- Headsets that help the elderly come alive - 1:53
- Tools that can help the elderly - 3:28
- Transforming elderly life - 4:05
- Seniors Helping Seniors - 5:05
- The Padsplit App - 5:40
- Decreasing the cost of living for seniors - 6:47
- Families need savings - 7:05
- Keep working - 7:14
- Using Udacity for seniors - 7:54
- Find the work that you love doing - 8:34
- Human beings were made to work - 9:00
- Getting paid for what you love - 10:00
- A long term guaranteed product - 11:30
- Control, Liquidity, Use, and Equity - 12:38
- What's the opposite of whole life insurance? - 14:10
- Let's live a life that's alive - 14:50
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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On this new episode Kim and Spencer address a community question, is it worth to take a pay cut in order to be happier? while also analyzing all the implications surrounding this decision.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://www.amazon.es/Busting-Interest-Rate-Lies-Discover/dp/0991305418
Show Notes
- A bad question - 0:39
- Understanding the concept of pay cut - 0:42
- What a pay cut feels like - 1:13
- Stop watching TV - 1:26
- Changing your job - 3:09
- Increasing your income - 3:50
- Providing more value in the market place - 3:57
- The importance of mindset - 6:34
- Useful books to work on your mindset - 6:41
- The way that we learn - 8:49
- Learning through virtual reality - 9:54
- What makes podcasts amazing - 11:38
- Teaching financial advisors about personal finances - 13:00
- Time, rate, present value, future value and payment - 13:32
- Encouraging people to learn more about personal finances -15:38
- The challenge of personal finances- 17:00
- Kim recommends the ebook: Busting the interest rate lies - 17:20
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
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If you like what you hear please leave a review by clicking here
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How to get to the next level? finding the right mentor to guide you could be the key, that’s why on today’s episode we listen to Kim share some wonderful wisdom about choosing the right people to provide you with the tutelage you need to achieve your goals and how doing so can be the difference between success and failure.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- The importance of getting help - 0:37
- Coaching for almost 25 years - 0:53
- Helping people with their finances - 1:24
- A coach and mentor - 1:58
- The mindset impacts everything - 2:27
- When to ask for help? - 3:00
- First coaching experience - 5:30
- Can’t afford a coach? - 8:55
- Finding a mentor - 11:32
- The importance of learning - 12:57
- Get in touch with Kim - 14:37
- Learning about finances - 15:16
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
If you like what you hear please leave a review by clicking here
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How to help our children save? on this episode Kim and Spencer go deeper into the topic of savings in an attempt to illustrate the importance of promoting this practice in our youth, if you’ve ever had any doubts about how to properly save or why you should even save at all, then this episode has your name written all over it.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- A prevalent conversation - 1:09
- A mutual friend: Caleb Williams - 1:52
- Helping the youth save - 2:26
- Benefits of late gratification - 4:04
- Late gratification on savings - 5:22
- A young Kim and the idea of saving - 7:30
- The first person to pay - 9:21
- Saving 20% of your income - 9:51
- What is not saving? - 11:11
- Developing the habit while young - 12:24
- Saving saves families - 13:19
- Get in touch with Kim Butler - 14:42
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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What happens when you become uninsurable? On this episode, Kim and Spencer discuss the importance of savings, the opportunities that doing so creates and the possible consequences of avoiding it, all from the perspective of a real-life example in the form of Jeff’s story.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- Jeff’s story - 1:00
- Serious medical diagnosis - 1:49
- Understanding cheap term insurance - 3:11
- One of the best ways to save - 4:24
- Saving creates opportunity - 4:52
- Don't worry about the past - 6:13
- Avoid budgeting - 7:31
- Remember to save first! - 9:14
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
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On this episode we listen to Kim and Spencer talk about an interesting piece of literature they've read titled "I just got fired, the importance of savings" and the lessons they wish to underline related to the importance of savings.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- 11,300 views in 24 days - 2:35
- Savings on an emotional level - 3:22
- Cash flow issues - 5:28
- The importance of having savings - 5:57
- Life Insurance Policy for emergencies - 7:00
- What happens if you have a Life Insurance Policy? - 8:02
- Financial Savings Account V.S. Life Insurance Savings Account - 10:29
- Get in touch with Kim - 11:12
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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We are here to help you, that's why on this episode Kim and Spencer take two listener’s questions related to cash value life insurance and the criteria for using it for investing, and attempt to answer them in an original and captivating way.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://www.amazon.com/Busting-Interest-Rate-Lies-Discover-ebook/dp/B01DX0JP6I
Show Notes
- The first listener's question - 1:25
- Cash flow investing - 1:32
- Watching our time frames when investing - 2:24
- Making cash flow investments - 3:28
- Borrowing and Investing - 4:37
- The opportunity costs of investment fees - 6:15
- The second listener's question - 7:28
- Obtaining passive income - 8:23
- Understanding passive income - 9:40
- Growth vs. income - 12:10
- Creating income from assets - 12:19
- Kim´s book suggestion : busting the interest rate lies - 15:18
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
If you like what you hear please leave a review by clicking here
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What’s the relationship between growth and income like? on this episode, Kim and Spencer share their views on growth and income investments, discussing the differences between the two as well as gambling categories.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- Over twenty types of investments - 0:42
- The two primary types - 0:52
- Growth or income creation - 1:51
- A definition of growth - 2:10
- The importance of creating income - 4:50
- The income-producing investments - 6:51
- Income investment examples - 8:14
- Go slow and start small - 11:11
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
If you like what you hear please leave a review by clicking here
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Welcome to the New Year! The Prosperity Economics Movement wishes you all a Happy New Year.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- Buying fireworks - 0:36
- A professional firework show - 0:58
- Adding good habits into our lives - 2:48
- New year resolutions - 5:22
- Focusing on habits - 9:01
- Envision a goal - 9:24
- How principles and values will guide your actions in the coming year - 10:23
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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What is charity? How much do we give to charity? How are charitable foundations created? If these questions have ever crossed your mind and you want to learn more about the subject, then this episode is what you’ve been waiting for.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- What you are not going to do - 1:16
- Giving first - 2:51
- Putting charity first - 3:59
- Dates for being grateful - 5:20
- Charitable foundations - 6:03
- Charities and family - 8:04
- The Five Love Languages Book - 9:14
- Charitable financial education - 10:31
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
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Subscribe on your favorite podcast player to get the latest episodes.
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The intricacy of inflation is an incredibly relevant topic, its effects can be perceived differently throughout several aspects of day to day life and understanding how it works is often challenging. This episode is entirely dedicated to the discussion of the ins and outs of inflation and how the process of monetary devaluation works.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- The impact of inflation - 1:21
- How to combat inflation - 1:40
- The role of the media - 2:30
- Keep working - 2:51
- Improving your skill set - 4:56
- Inflation-proof - 5:46
- Control: a principle of prosperity - 8:54
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
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Subscribe on your favorite podcast player to get the latest episodes.
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How to improve the state of our careers and in the process improve our way of life will be the topic of discussion throughout this episode, as we listen to Kim and Spencer talk about negotiation hacks and the things we could be doing right now to better ourselves.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- Financial Planning Has Failed: https://partners4prosperity.com/ebook/
Show Notes
- What is a negotiation hack? - 0:40
- Silence in a negotiation - 1:32
- Thinking before speaking - 2:14
- Examples of negotiations - 2:42
- Is the money secondary? - 4:21
- Our values are not negotiable - 4:55
- Focusing on what’s essential - 8:40
- Opportunity cost -12:10
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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Have you ever wondered how wealthy people use their credit cards, handle expenses and save? Kim and Spencer talk about the financial life of wealthy people and how you can adopt some of their good habits.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- Why you should have a separate credit card for personal and business - 1:16
- Everybody should consider having a second credit card -1:52
- Kim tells us that she has a third credit card for convenience - 2:45
- Why wealthy people like to put as much as they can on credit cards - 4:31
- Spencer tells us why he thinks that people use credit cards - 4:53
- The value of money and the value of time - 5:48
- "The Prosperity View" - 6:35
- What is opportunity cost? - 7:20
- Every single family has an opportunity cost - 8:09
- Understanding interest cost and opportunity cost - 10:26
- Kim and Spencer gives us some Prosperity Points - 13:01
- Wealthy people pay their credit cards every single month - 13:03
- The importance of having a prosperity mindset - 13:28
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
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Risk is not the investment! Kim busts the myth of “no risk, no return” and many others in this jam-packed episode.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- Kim talks about whether an investment is risky or not - 0:59
- Why people take on risks - 1:51
- Understanding risk tolerance questionnaires - 1:56
- Kim tells us that the risk is on the investor side - 3:26
- What is the investor mindset? - 4:10
- Why it’s a personal choice to do an investment - 6:26
- Kim explains the difference between “traditional and typical” - 7:19
- Similarities in traditional thinkers - 11:40
- Why you need to invest in yourself - 13:49
- Kim recommends the Seven Principles Of Prosperity as an opportunity filter for any investment - 15:19
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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At some point, most of us will be faced with having to care for an aging parent. Kim and Spencer talk about the challenges of the life cycle and how do to emotionally prepare for this.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- http://www.fivewishes.org
Show Notes
- Kim talks about one of the biggest challenges we have as adults - 1:27
- When you have to start parenting your parents - 1:36
- A common view in our society: when one gets old they decline and die - 2:35
- Kim tells us that we don't have to decline mentally and emotionally - 3:18
- What does the home health environments create? - 6:13
- Caring for elderly parents - 7:13
- The two periods of time that is extremely expensive for life - 7:58
- The first steps that Kim gives to get prepared - 8:20
- Kim recommends www.fivewishes.org - 8:52
- Spencer recommends the listeners to ask Kim personal questions - 10:57
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
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This episode is all about gratitude and it begins with you the listener. We are so thankful that you listen in week after week and send us questions. Kim also shares insightful experiences where gratitude pulled her out of challenging circumstances and shares strategies on how you can do it too.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Show Notes
- Why podcasts are about the future - 1:16
- How Kim and Spencer are grateful for all their listeners - 1:46
- Specific things for being grateful for - 2:09
- Kim is being grateful for working with Spencer - 3:17
- The importance of being taught to be grateful - 3:28
- Spiritual gratitude as a part of everyday life - 3:50
- Not only being grateful for the material things but also adding in the inspirational aspect - 4:26
- Being grateful for the people in our lives - 5:14
- The importance of giving first - 9:13
- Spencer shares his gratitude for knowing Kim as a person - 10:10
- We almost become like a family - 11:11
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead!
Review and Subscribe
If you like what you hear please leave a review by clicking here
Subscribe on your favorite podcast player to get the latest episodes.
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If you have a term life insurance policy that is aged, or you wanting to just convert that policy to a whole life policy this is the episode for you. Kim and Spencer talk about the maximum cash value method so you can make the best decision.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- Kim talks about a term policy - 3:25
- Switching to one type of policy from another - 3:38
- Kim tells us that in India, people understand what is a term policy, and a Life Insurance Policy - 4:28
- The next steps a person should take? - 6:15
- Kim talks about the importance of savings - 6:45
- How Kim would approach a case study situation - 8:44
- Understanding the Death Benefit - 9:35
- They talk about "Human Life Value" -10:13
- Minimum Death Benefit and Maximum Cash Value Method - 11:16
- Kim recommends a book: "Live Your Life Insurance" - 15:15
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Kim and Spencer talk about how we learn and what we are learning in today’s world. Also, Kim shares some of her favorite books and the things that she is currently learning about.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- Never Stop Learning by Bradley Staats
- When by Daniel Pink
- The Message by Eugene Peterson
- Science and Health by Mary Baker Eddy
- Reverse Mortgages by Wade Pfau
- New York: The Novel by Edward Rutherfurd
- The Good Good Pig by Sy Montgomery
- What Would the Rockefellers Do by Garrett Gunderson
- Willpower Doesn't Work by Benjamin Hardy
- The AND Asset by Caleb Guilliams
- What Matters by Cam Thornton and Rob Zeeb
- Head I Win, Tails You Lose by Patrick Donohoe
- Mindset by Carol Dweck
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- Kim shares with us the books that she is reading right now - 0:55
- "Never stop learning"; "When"; "The Message"; "Science And Health"; "Mortgages"; The Novel; “New York"; "The Good, Good Pig"; Mindset, and other books you should check out - 2:13
- Why Kim loves reading business books - 3:41
- A specific book about Life Insurance - 5:10
- The books Kim plans to write - 7:54
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The retirement phase of life is more complicated than you think. In this podcast, Kim and Spencer dive into the specific situation when people fall into the retiree lifestyle continually facing the challenge of what to do with their new found “free days”.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- The definition of “free day” according to Strategic Coach - 1:22
- Focus days and buffer days - 2:33
- Addressing the necessary items versus the fun stuff - 5:47
- Why Kim separates free days from vacations - 8:15
- Understanding retirees' obligations - 9:59
- Kim’s retirement time system -12:08
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In this listener question episode you’ll hear if it’s better to get a home equity loan or refinancing a property. With the current marketplace of low rates and high speculation this is for sure a dicey topic.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- Get a home equity loan or refinancing the property? - 1:38
- Kim explains the details of a home equity loan - 1:55
- Are you solving a long-term problem with a short-term solution? - 3:43
- Understanding mortgages - 4:48
- Borrowed money requires payments - 5:32
- What “liquidity” means in this case - 6:55
- Kim tells us the importance of thinking carefully- 11:50
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In this podcast, Kim and Spencer talk about direct recognition versus non-direct recognition: Two different ways of charging for loans.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- How a life insurance company charges for loans: direct recognition and non-direct recognition - 1:00
- Kim talks about direct recognition: the loan will be affecting the dividend - 1:40
- A positive effect of borrowing cash value - 2:20
- Kim explains to us what is non-direct recognition: doesn't impact the dividend - 3:30
- Kim tells us that life insurance companies don't check credits - 6:46
- What's the best thing to do to take the next step?: always learn, learn, learn - 7:35
- Kim shares with us a special email for the podcast listeners - 8:25
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Have you ever wondered what happens at the life insurance medical and how to prepare for the exam? Join Kim and Spencer as they walk you through the life insurance medical and what you should expect from it.
In in this occasion, you will find out what you can do to be the master of your finances with Life Insurance Medical! Do you have a question we can talk about it on the show? Go and share it with us at hello@partners4prosperity.com. We may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- What to expect at the life insurance medical - 1:38
- When they may do an ECG - 2:20
- The process of getting a life insurance physical - 2:59
- What actually affects your longevity - 7:11
- Questions you can prepare for by yourself - 7:30
- What happens in a life insurance exam - 8:53
- What your Life Insurance is going to do for you - 9:09
- Using the death benefit and how it applies to you - 10:52
- How life insurance is a savings account - 12:40
- Why life Insurance is boring, but effective - 13:30
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In this podcast, Kim and Spencer talk about the different types of capital in our life. They tell us that there is more than financial capital, there are other two types of capital that affect our financial one: the mental and the relationship capital.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- They talk about the "mental capital" - 1:06
- Mental capital: what you have in your thinking every single day - 1:16
- Kim tells us the importance of thinking in your thinking - 3:39
- Kim shares with us her "airplane story" as an example of mental capital - 4:11
- The relationship capital - 8:06
- They talk about the financial capital - 10:23
- How relationship capital and mental capital affect financial capital - 10:28
- The importance of our thought - 14:04
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When you apply emotions to finance you often open yourself up for a disaster. Today you’ll hear why education is one of the antidotes to risk and how you can avoid loses in the future following some simple principles.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- The more that you learn, the less risk there is - 1:32
- Risk as a propensity for loss - 1:44
- The number one rule for investments - 2:48
- Emotions are what scare people - 3:09
- Is the risk in the investor? - 4:00
- The abundance mindset of an investor- 9:38
- Spencer tells us that we need to play smart - 10:36
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Kim and Spencer talk about the easiest changes that make the biggest financial differences in your life.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://www.reddit.com/r/personalfinance/comments/8t9iqt/what_are_the_easiest_changes_that_make_the/
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- You need to set up automatic payments and automatic transfers - 1:29
- Having two savings accounts - 2:31
- Spencer talks about his kid’s bank accounts - 3:00
- Review all your monthly subscriptions and cancel any you have debts on - 4:49
- Kim talks about paying things monthly - 7:14
- Investing in your health is an important thing to do - 8:11
- The importance of figuring out your own values - 9:15
- Stop eating out! - 9:38
- Be aware of how much money you are monthly spending on eating out - 11:40
- Kim talks about the "And" mentality - 13:20
- The "bonuses" help families save money -14:30
- Kim recommends us a book that will help us on this topic - 17:17
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If you’re wondering what the real relationship should be between an IRA and Real Estate this is the episode for you. Kim and Spencer take a listener question where they explain the priority between the two and talk about the tax implications.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- Kim explains why an IRA is the first thing we should die with - 1:19
- Kim tells us the pay down on an IRA - 2:26
- Why Real Estate has a good an efficient tax law - 3:29
- Kim talks about the Real Estate and the IRA relationship - 4:00
- IRA Tax law - 5:14
- Where do you want the tax benefit? - 6:18
- Spencer tells us two things that we can not avoid - 6:55
- Real Estate transactions and transactions with an IRA using bridge loans- 8:49
- Kim gives us a prosperity tip: Think about your finances! - 11:05
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One of the most debated topics in 2018: 70% of millennials regret buying their homes. Kim and Spencer explain to us why.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- Millennials are regretting paying the downpayment on a home - 1:21
- Kim explains to us a big issue on this topic - 2:06
- Borrowing to get cash value - 2:29
- The Third Principle of Prosperity - 3:50
- Spencer tells us a Prosperity tip: the “from” versus “against” - 4:33
- Kim talks about the frustration of buying a home - 5:30
- The true value of what you are paying to our home by using the truth concepts and calculators - 6:48
- The final regret that millennials have - 7:24
- Underestimating the homeownership - 8:00
- Kim recommends to us: save first! - 9:09
- Another prosperity tip: Focus on your savings! - 10:01
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Kim and Spencer talk about life insurance. They also talk about an important question: Should we buy a life insurance from our car insurance agent?
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- Kim tells us if we should buy a life insurance from the car insurance agent - 0:42
- Life insurance and car insurance - 1:37
- What is permanent life insurance - 2:12
- Some car agents don't have the knowledge in whole life insurance - 3:56
- How to know if a car insurance agent is qualified? - 4:30
- Why people use car insurance agents for life insurance? - 6:28
- What are the things that a whole life insurance agent can do for you? - 6:46
- Use life insurance death benefit while you are living - 9:38
- Differences between a car insurance agent and a financial advisor - 10:40
- What can do a financial planner - 11:50
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What to do to live longer and to actually “live more”. Kim and Spencer recommend us to stay active: keep working if you are and if you aren't, find something to do! They suggest some books on these topic and also mention the “myth” of retirement.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- Kim shared with us the web page livingto100.com - 1:08
- The web page gives you a life expectancy number - 1:20
- Kim also recommends to us the web page: mylongevityquest.com - 2:48
- Those web pages help you know how long you are going to live - 5:30
- All life insurance companies today are using a mortality table maximum - 7:53
- Kim recommends us to save as much as we can, find a job that we love doing and work to make our lives more elegant - 8:50
- Boredom and retirement are a critical issue - 11:00
- Keep working if you are and if you aren't, find something to do - 12:02
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Kim and Spencer talk about an essential question: How do you go from middle class to wealth? They mention specific steps that you can take to make it there and the importance of handling the family's finances.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- Everybody can be mentally wealthy - 1:14
- The importance of handling the family's finances - 3:30
- The average millionaire has 7 sources of income - 5:30
- Kim recommends us to create investments income - 6:13
- Kim explains to us the concept of paying yourself first - 9:50
- One of the things that wealthy people do: they don't take risks - 12:02
- What does it means to take a risk with your money? - 12:20
- Kim shares with us information about an accredited investor - 14:32
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Kim and Spencer talk about life insurance for your children, when you should get it and how much you should spend on a life insurance policy.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- Kim explains to us when you should get life insurance for children - 1:01
- What’s the act of saving - 2:40
- Kim explains to us what is the life insurance premium - 2:58
- What is the liquid cash value account? - 3:51
- Kim tells us how much you should spend on a life insurance policy - 5:02
- What is "The Rule of Thumb" - 7:20
- Kim explains to us what is the Human Life Value - 8:12
- Needs analysis and human life value - 10:12
- Why a life insurance company could decline you?13:18
- Kim tells us about the "Net-Net-Net Return" - 14:40
- The importance of buying a life insurance policy for your children -15:09
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Kim and Spencer talk about putting yourself in the right conversations where money is, where money works, where money acts and where money lives. He shares with us an experience that he had during a dinner with his wife.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- Prosperity economics is good thinking around money - 2:53
- Spencer talks about a conversation that he heard about different corporate structures - 3:16
- How to put capital in investments - 4:10
- Kim explains to us one of the seven principles of prosperity: move - 4:50
- The concept of moving money through assets - 5:58
- Spencer recommends us to associate with the right people at the right time - 7:10
- The principle of associating with the right people - 7:24
- Kim tells us some general categories of alternative investments - 10:39
- The importance of putting capital into bridge loans - 11:55
- Others sectors of real estate investments - 12:20
- Kim recommends people to open their minds and learn - 13:30
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Understanding how life insurance loans work and their real costs can help you see the truth in this financial situation. Kim and Spencer also take a listener question: Why did my financial advisor lead me down the wrong course?
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- There are typical financial planners out in the marketplace that have wrong information - 1:03
- Kim explains to us how interest rates do matter - 3:23
- Kim tells us how you can't have a win-win situation - 5:25
- She shares us the magic of the life insurance loan - 6:04
- Kim and Spencer talk about extra interests in your policy loan - 7:40
- How to use a life insurance loan - 9:00
- How the financial planner or advisor can confuse a client? - 10:30
- Kim and Spencer explain to us how to use the interest rates - 11:10
- Kim explains to us that life insurance is a net-net-net product- 12:19
- She shares with us the idea of financial calculation based on rates - 14:10
- Kim and Spencer talk about the importance of interests rates - 17:00
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Kim and Spencer talk about interest rates on investments and what to do if they go up or go down.
They also talk about the two categories of investments.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- Interest rates related to investments -1:01
- The most liquid asset: liquid money - 1:54
- Investments into two categories: an income creator or a growth creator - 5:06
- Investments creating income - 6:05
- Kim tells us what is "medium turn time frame" - 6:40
- Five to ten years to growth investments - 7:10
- Kim recommends us not to use average in investments - 11:26
- She recommends us to have a financial calculator - 12:40
- The stock and real estate are not the only places for investments - 13:50
- Alternative investments for credit investors - 14:40
- Kim's recommendation: Learn and be a seeker of information - 15:15
- Books to learn more about investments - 17:00
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Keith Weinhold is a writer for Forbes and the owner of getricheducation.com and where he teaches others about Real Estate investing.
Keith explains to us the five different ways that real estate investors get paid and what actually is real estate and cash flow.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at welcome@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- Connect with Keith
-
- GETRICHEDUCATION.COM
- keith@getricheducation.com
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- Keith's background - 2:33
- How did he start in the Real Estate arena - 3:40
- Stop looking for properties - 5:38
- The property is the fourth most important thing in Real Estate investing - 6:25
- The most important thing in Real Estate investing is yourself - 6:40
- What is Access Housing Capacity - 10:45
- Keith talks about interest rates - 12:10
- One of the distinctions between the middle class and the wealthy - 13:40
- In Real Estate you can ethically get other people’s money to work for you - 14:20
- You use people’s money in three ways - 15:40
- Combining life insurance and Real Estate - 16:20
- Keith shares with us extra ways that real estate investors can get paid - 18:10
- Keith shares with us the importance of "keeping score" in the Real Estate - 25:00
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Kim and Spencer talk about interest rates and what happens in the real estate market. They also talk about what to do in the interest rate world.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- What do we do in the craziest interest rate world? - 1:01
- Kim recommends us to seek information about interest rates from authors that write in the newspaper - 1:40
- Kim tells us to stay off the news because they aren't helpful - 2:26
- What is a "decent" rate? - 3:10
- Kim's recommendation about interest rates and media - 4:00
- What is a zero percent loan?- 6:40
- Kim talks about her husband and the financial calculators for financial advisors - 9:20
- Kim tells us the importance of life insurance cash value - 10:40
- Spencer tells us to see Robert Kiyosaki's rules - 13:00
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Kim and Spencer talk about money, the way people look at it and make it grow. They tell us that money isn't good or bad and the most simple ways to look at it. You’ll also hear how money affects you and your family and how to gain a financial education.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- How talking and reading books give us different perspectives about money - 0:46
- Kim tells us that she doesn't think about money in a philosophical perspective - 1:06
- Be very conscious about money - 1:20
- With work, money can come - 5:40
- Spencer shares with us how he views money - 6:40
- He tells us how he teaches principles about money to his kids - 7:38
- Kim shares with us the story about the savings habits of her son: Robby - 8:50
- One important aspect of money is that it gives us flexibility - 11:18
- She encourages us to think of our philosophy about money - 13:56
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Understanding IRA money and how it fits into your finances is critical for growth. Kim and Spencer share with us the different types of investments that use IRA money and also tell us about 'Unrelated Business Taxable Income - UBTI'.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- Types of investments that use cash money - 1:33
- A particular rule in the IRA world - 2:19
- What is 'Unrelated Business Taxable Income - UBTI'? - 3:47
- Understanding IRA money - 6:06
- IRA’s and growth - 6:32
- Why the worst asset to die with is and IRA - 10:30
- Life Insurance Death benefits - 11:53
- What happens if you don't pay IRA taxes? - 12:30
- Cash money should be invested to create income - 13:30
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Kim and Spencer talk about what you need to do if you decide to make the next step in your finances and how to have a little bit of organization around them. Kim also shares with us how a Prosperity Profile is a tool to help people get organized. Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- What is Prosperity Economics? - 1:41
- Help people know how things act in the future - 1:52
- Having a phone conversation to really listen to people and help them prosper - 3:36
- Choose the right product that will fit your finances - 5:30
- Uses of a Prosperity Profile - 6:05
- Have a strategy with financial planning products - 6:40
- Products against a strategy - 7:49
- Kim's recommendation to read: "Financial planning has failed" - 11:29
- Which is the real key to an efficient financial planning? - 13:30
- Treat your finances like a business - 14:36
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We’ve talked about Robby Butler who is Kim’s son but we’ve never had him on as a guest. In this episode you’ll get to hear from a different generation that thinks about prosperity. Robby shares how money is a tool and why his mom encourage him to save money. Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- Robby's background - 0:50
- Some of the things that Robby Butler has learned from his mom: Kim Butler - 2:19
- Robby shares with us how college kids think of money - 3:57
- Some stories about Robby's childhood - 6:30
- Robby tells us that fundraising is based on relationships - 9:20
- There’s a currency that people are seeking besides money - 11:47
- A fundraiser job shows any donor that their money is making an impact - 13:55
- Principles that his mom continue to teach him - 15:00
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Life insurance and your savings are your runways. In this episode, Kim and Spencer talk about the importance of having cash at home because it is the most important money that all families have in emergencies. They also talk about Kim's nephews story and the purpose of a life insurance policy.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- The importance of having a family bank - 1:09
- Understanding what a bank is - 1:23
- Having a cash reserve - 3:27
- Kim’s nephew: Seth's story about his life insurance policy - 4:38
- Why you should have a life insurance policy - 5:51
- The best financial decision to make - 8:07
- Recommendation for the book: "Live Your Life Insurance" -12:02
- Having an Emergency Opportunity Fund - 13:25
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Having Savings, Saves Families - Episode 258
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It’s a terrible idea to retire with better options to avoid than doing nothing. According to Kim, the key to never retire is finding work that you love to do. She also talks about the “unique ability” and how millennials see retirement.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at welcome@prosperitythinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to
- http://partners4prosperity.com/category/podcast
- https://www.amazon.com/Busting-Life-Insurance-Lies-Misconceptions/dp/154060697X
- https://www.amazon.com/Live-Your-Life-Insurance-Butler/dp/1441486895
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- The “unique ability” definition by Dan Sullivan talks about doing work that you love and one that never stops improving. - 3:14
- Why retirement is a new concept and how people used to die in the field. - 5:00
- Kim’s “unique ability” is finding solutions to any problem. - 6:00
- If you don't like your job then find another one, but don't retire. - 10:18
- Taking a vacation or sabbatical is necessary so we can come back rejuvenated. - 14:06
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You’re going to learn the most common mistakes people make when buying a home. Some of these mistakes seem unconventional and maybe even leave you thinking you will purchase your next home differently.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://www.amazon.com/Busting-Interest-Rate-Lies-Discover-ebook/dp/B01DX0JP6I
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 0:55 - When you should you decide to buy a home.
- 2:06 - How putting more money down is a mistake.
- 4:27 - Getting a 30 year mortgage vs a 15 year mortgage.
- 8:42 - Understanding the two sides of buying a house.
- 10:19 - Avoid buying from a scarcity mindset.
- 12:08 - The difference between purchasing your first home and a more seasoned home.
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Garrett Gunderson makes a huge announcement about his new book ‘5 Day Weekend’ that he co-authored with Nik Halik. This book is packed full of valuable information to help you keep more of your money and become a better investor so that you can live a more fulfilling life. Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- Garrett’s new book - https://www.amazon.com/dp/B07B89FWP6
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- Why Garrett is writing to further freedom and liberty.
- How Nik Halik, Garrett’s co-author is living a 5 day weekend.
- How to keep more of your money and become a better investor.
- Why now is the time to focus on economic independence.
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Saving saves families. Kim and Spencer talk about how much you should be saving and the best places to put that money. They also share personal stories about how savings has helped made a difference in their lives.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- http://truthconcepts.com/how-can-borrowing-at-4-and-investing-at-5-be-a-25-return
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 1:36 - Why it’s horrific to put money into an IRA and avoid savings
- 2:50 - The “forced savings account” Kim likes to use
- 4:00 - Understanding the emergency opportunity fund
- 7:19 - How cash value life insurance can be a storage place for money
- 10:14 - Story about a business Spencer was able to buy because of his savings
- 12:55 - Breaking down returns using truth concepts calculations
- 15:26 - Start saving with what you can
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Ken Ma has been translating Kim’s books into Chinese and helping spread the message of Prosperity Economics with the Eastern culture. Together Kim and Ken talk about how the Chinese think differently than Western culture when it comes to finances and why honor, integrity and precision is important for them. Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- Why Ken was attracted to Kim’s teaching and the Prosperity Economics thinking
- Understanding the saving and financial habits of the Chinese
- How scarcity thinking affects all cultures
- Why the Chinese culture is skeptical and pays attention to the details
- The Chinese view on life insurance
- Ken’s biggest surprises he learned from attending Truth Concepts
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The future of education is changing drastically. It may be classrooms with virtual reality glasses or artificial intelligence and this technology can feel overwhelming. Luckily the principles of education don’t change and together Kim and Spencer talk about these principles shared from a recent Peter Diamandis article.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
- Kolbe
- http://www.diamandis.com/blog/reinventing-how-we-teach-our-kids
Show Notes
- Why we want to be lifelong learners - 1:13
- Do you have grit? - 3:39
- Helping children create a passion for learning - 5:05
- Curiosity and how it applies to school - 9:12
- Imagination - 11:31
- Surprising ways an emergency/opportunity fund will help your kids education - 14:52
- Critical thinking - 16:19
- How Kim takes the time to think - 18:14
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If you pay cash for something you still have an interest cost because you pass up the opportunity to make interest on your money. There’s an interest cost associated with all money and in this episode Kim and Spencer talk about the true interest cost.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://www.amazon.com/Busting-Interest-Rate-Lies-Discover-ebook/dp/B01DX0JP6I
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 1:12 - You’re either paying interest or passing up interest.
- 3:10 - Understanding your interest cost
- 5:06 - How to measure your opportunity cost
- 6:23 - The dynamics of car loans
- 8:40 - Does it make sense to get a car loan or pay off mortgages early?
- 14:34 - A method for creating compound interest
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Most people don’t talk about the life insurance death benefit because they don’t understand the 5 strategies of how to use it. Kim Butler talks about these different strategies along with a different approach to spending your assets when you approach retirement age.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- Free Report: Permission to Spend - https://www.prosperitypeaks.com/permission
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 1:02 - Understanding the death benefit or face value of life insurance
- 2:41 - Why most people aren’t educated about the death benefit
- 3:39 - 5 strategies of how you can use your death benefit
- 6:45 - Understanding the paydown and how it affects principle and interest
- 10:01 - Why most people don’t talk about the death benefit
- 12:23 - A different approach to spending your assets
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A mortgage is one of the most efficient debts you can have and paying it off early is often one of the biggest mistakes people make. In this episode Kim and Spencer talk about the importance of having control over your finances and using tax efficiencies and deductions.
They also bust the myth of converting your mortgage to a home equity and why that simply doesn’t work and why appreciation shouldn’t even be a factor in your house buying decision.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- www.truthconcepts.com
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 0:53 - Busting the myth of paying off real estate early
- 3:51 - Why peace of mind can override financial decision making
- 4:26 - The most efficient mortgage strategy
- 6:50 - Why people want to get their homes paid off
- 7:36 - Converting your mortgage to a home equity line and why it doesn’t work
- 10:08 - Why a mortgage is one of the most efficient debt you can have
- 11:48 - Use OPM (other people's money)
- 12:25 - Tax efficiencies and mortgage deductions
- 14:47 - Why appreciation is something we can’t control and shouldn’t focus on
- 16:40 - Investing for cash flow and not appreciation
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The news would tell you that it’s bad for corporations to be profitable, but is that the truth? In this episode Kim and Spencer talk about why life insurance companies have been around for centuries and why it’s beneficial for you.
You’ll also hear about the dangers of having a universal life insurance policy and how that could have an effect on your future.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://www.amazon.com/Busting-Life-Insurance-Lies-Misconceptions/dp/154060697X
- https://www.amazon.com/Live-Your-Life-Insurance-Butler/dp/1441486895
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 0:52 - If companies don’t make profits they don’t stay in business
- 2:06 - Most insurance is an IF event while life insurance is a WHEN event
- 3:41 - How life insurance companies have been sustainable for centuries
- 5:21 - What it means to have a mutual life insurance company
- 6:45 - Why whole life insurance is designed to be around for 121 years and beyond
- 7:54 - If you have Universal Life Insurance it may be running out before you die
- 8:55 - Why whole life insurance has a rising death benefit every year
- 12:43 - How mutual life insurance companies are motivated to be more efficient
- 17:47 - The typical S&P 500 lifespan is only 10-15 years
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Why has society accepted that financial loss is okay? In this episode Kim and Spencer explain why risk does not equal reward and how you can put together a strategy that avoids losing your hard earned money.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 0:51 - Why most people believe risk equals reward
- 1:50 - How Kim defines risk
- 3:02 - Kim’s risk tolerance is zero and she explains why
- 5:50 - Why has society accepted that loss is okay?
- 10:05 - How to avoid losing money
- 13:18 - Often good investments that have high protection require a lump sum
- 14:49 - Where to put your money
- 15:20 - Are you more interested in growth or cash flow?
- 17:17 - A new $25k investment opportunity
- 20:06 - Your gameplan to avoid risk
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If you view life insurance as a savings account that shows up like a bill it’s easy to see how it truly is the best savings plan imaginable. In this episode Kim and Spencer talk about the differences of paying for life insurance on a monthly basis or annually and also how long it takes for most people to being to understand the powerful results of life insurance.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at Welcome@ProsperityThinkers.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to ProsperityThinkers.com/Podcast-Whole-Life-Insurance
- www.truthconcepts.com
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 1:39 - Why life insurance is a savings account that shows up like a bill
- 2:43 - Most people pay all their other bills before they save money
- 4:31 - Strategy for saving 50% of your pay raise
- 6:36 - How long it takes for most people to understand the results of life insurance
- 9:56 - Paying life insurance monthly vs yearly
- 12:36 - Why it doesn’t matter how old you are to start with life insurance
- 13:55 - Understanding CLUE
- 15:00 - Life insurance is not the black box people think it is. It’s an asset.
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Creating abundance and prosperity is fully in your control and the foundation of that abundance begins with gratitude. Kim and Spencer talk about the easiest ways to create an abundance mindset and share insights on favorite books and activities you and adopt to create a more prosperous mindset.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://www.amazon.com/Mans-Search-Meaning-Viktor-Frankl/dp/080701429X
- https://www.amazon.com/Path-Wealth-Spiritual-Financial-Abundance/dp/1938289595
- https://partners4prosperity.com/business-financing-secret/
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 3:03 - The importance of having a Massive Transformative Purpose
- 5:08 - The easiest way to create an abundance mindset is to start with gratitude
- 5:52 - Formula for starting your day with gratitude
- 8:04 - A real case study of how to create gratitude
- 9:59 - 2 book recommendations to create more abundance
- 13:06 - Why switching your mind often requires physical action
- 14:41 - Bonus Tip: Upgrading a material thing to an inspirational or spiritual level
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Kim recently returned from the Abundance 360 event with Peter Diamandis and she shares with us the 8 amazing trends that are happening in the world and where we should be looking towards the future.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- http://www.diamandis.com/
- https://viome.com
- www.nvidia.com
- https://www.hirevue.com
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 0:43 - Kim’s experience from attending the Abundance 360 event
- 2:38 - An overview of the 8 amazing trends
- 3:05 - Trend #1 Communication
- 3:42 - Trend #2 Capital
- 4:43 - Trend #3 Energy
- 6:40 - Trend #4 Healthcare
- 8:58 - Trend #5 Transportation
- 11:10 - Trend #6 Robotics and Drones
- 13:26 - Trend #7 AI and Computation
- 17:09 - Trend #8 Space and Physics
- 23:05 - Optimism is not a prediction of the future but a self fulfilling prophecy
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Creating an extra income or doing a side hustle is a great way to create more opportunity in your life. In this episode Kim and Spencer talk about different side hustle ideas and how you can be an example to those around you.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 1:05 - How network marketing can create a good side income
- 4:07 - The amazing tax benefits for having a side business
- 4:30 - Side Hustle and extra income ideas
- 6:55 - Being an example and creating side income for your kids
- 7:21 - Focus on how to increase your income
- 9:08 - Look for ways to provide more freedoms for yourself
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We’re experiencing a revolution by seeing an entire new asset class being created right before our eyes. In today’s conversation Spencer Shaw talks with two of his friends Scott Paul and Austin Emery who share their thoughts about bitcoin and other crypto currencies. Scott Paul has been a long time evangelist for the blockchain technology and makes a compelling case to why everyone should vote with their dollar to challenge our fiat currency and own some cryptocurrencies.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- www.coinbase.com
- https://www.linkedin.com/in/scottpaul2
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 0:57 - What we do know about cryptocurrencies
- 2:00 - How www.coinbase.com made it possible for average people to get in
- 3:49 - Why normal everyday people should purchase bitcoin
- 7:07 - Why not challenge the fiat currency and USD
- 8:45 - How Scott views risk with cryptocurrencies
- 11:44 - When it makes sense to sell and how much to put in
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With the raising of the minimum wage to $15 an hour in cities like Seattle we’re going to see those impact on our cost of goods and a cultural shift in labor.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- http://www.diamandis.com
- Learning Resources
-
- https://ocw.mit.edu/index.htm
- https://www.khanacademy.org
- https://www.udemy.com
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 0:55 - What really happens when minimum wage goes up
- 2:08 - How this will affect people on a fixed income
- 3:58 - Why technology is replacing workers and what to expect moving forward
- 5:57 - How would Peter Diamandis approach this subject?
- 7:37 - Why raising the minimum wage is a benefit and causes us to be more innovative
- 8:47 - Innovative resources we can all take advantage of
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With Trump’s new tax plan you are either happy, or fuming mad with these changes. Kim shares a strategy that we should all follow to make our futures even better.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- Tom Wheelwright’s episode about Trumps tax paln - https://partners4prosperity.com/the-trump-era-tax-plan-bonus-episode
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 0:57 - Focus on what you can control
- 2:26 - Getting a perspective of the new tax law
- 5:03 - Removing emotion to learn
- 6:55 - Why now is time to focus on making more money
- 9:18 - The duck fighting story
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Preparing ourselves for disastrous times ahead is can be overwhelming. Together Kim and Spencer talk about creating a strategy that will help an individual, couple or family in times of despair.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://thetorch.com
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 1:33 - Case Study of a 38 year old spouse having a stroke
- 1:56 - We can prepare without having a scarcity mindset and not be afraid
- 2:58 - Organization is what keys a family going
- 3:35 - Automating your finances
- 4:05 - Game: The First 100 Days
- 5:55 - How we can prepare our kids and create a strategy
- 7:54 - The ‘Gratitude Game’ helps you avoid overwhelm
- 10:37 - A story of Spencer’s friend unexpectedly passing away
- 12:25 - Give help and listen
- 13:47 - How to make a hardship a blessing
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Is paying rent throwing away money? In this episode Kim and Spencer talk about the pivotal moment that changed their minds about paying rent and why flexibility is an important part of the equation.
They also have a lightning round of questions about different life scenarios where Kim answers if you should pay rent or if you should buy.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- http://truthconcepts.com
- Send Kim an email hello@partners4prosperity.com and she can help analyze and answer specific questions
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 1:15 - Why it’s not the same perspective it used to be in the past
- 3:22 - The pivotal moment why Kim changed her mind
- 5:13 - Spencer used to own a real estate brokerage and investment firm and shares his insights
- 6:47 - Lightning round of questions
- 8:09 - What to do with excess savings if you’re paying rent
- 9:23 - Does it ever make sense to buy rentals but rent your primary residence?
- 11:45 - Remember that buying and renting is an emotional process
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We talk about the 7 benefits of having an emergency fund. Some of these benefits are things you may have never thought about. We also share the different strategies to follow if you’re self-employed vs a salary employee.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- Send an email to hello@partners4prosperity.com with the subject line: EO
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 1:15 - Why most people skip over the emergency / opportunity fund
- 2:05 - Opportunities present themselves more often when we’re in a position to take advantage of them
- 4:55 - Health benefits from an emergency fund
- 6:51 - Fun travel and unexpected travel
- 8:21 - How Kim took advantage of an education opportunity
- 10:19 - Opportunities that create cash flow
- 14:16 - When and how you should start your emergency / opportunity fund
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Cryptocurrencies are the current hot topic of the day. With the boom of Bitcoin, Ethereum, Litecoin and Ripple it seems like everybody's talking about this new world.
In this episode Kim and Spencer talk about the different coins but more importantly talk about the technology behind it which is called the blockchain.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- http://coinbase.com
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 0:59 - Why you must understand the blockchain
- 2:37 - How you can view the blockchain like an escrow company
- 3:41 - Demystifying cryptocurrencies
- 6:12 - Understanding the top cryptocurrencies
- 9:51 - Do research and learn about the best options for yourself
- 13:07 - Currently cryptos is a place to play but not gamble
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You must understand the blockchain to understand cryptocurrencies.
Teaching kids about money and working hard is one of the most important things a parent or grandparent can do. In this episode we talk about what you can teach kids in various age groups. Kim D. H. Butler also shares valuable strategies for helping kids learn how to use a budget and build up a savings account. If you’re a parent, grandparent or have influence over children in your life this is a must listen episode.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 1:05 - Involving kids with your family finances
- 2:02 - Advice for 2-5 year olds
- 3:26 - Teaching them about work and money
- 4:50 - Does allowance make sense for your family?
- 5:22 - Advice for 10-15 year olds
- 6:35 - Give kids several bills vs a big bill so they can learn to save a split money up
- 8:25 - Show your kids rental houses and teach them about other investments
- 9:30 - Advice for college age kids
- 10:28 - Give your kids the money for bills and let them pay for it and learn to budget
- 11:44 - How to teach your kids to love work and be hard workers
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Talking about finances, budgets and investments are some of the most difficult conversations a couple faces. Kim D. H. Butler shares valuable strategies on how to approach these conversations with clarity and explains the 1-5 scale framework to help understand what your partner actually wants.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://www.amazon.com/Kim-D.-H.-Butler/e/B00523N6HE
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 1:08 - Who you should include in the finance conversation
- 2:00 - It all starts with having good information
- 3:25 - Getting clear on money in and money out
- 3:56 - Using the 1-5 scale for decisions
- 6:08 - How to talk about where to invest or save money
- 9:12 - Why date night is a great place to talk through finances
- 11:35 - Put it on the calendar to make it happen
- 12:55 - Helping your spouse learn through reading, listening or watching
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Having more than one life insurance policy can benefit you in so many ways. You’ll hear why your human life value and personal cash flow determines how much life insurance you need and why it makes sense to apple the multiple policy strategy in your finances.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 0:46 - Should you get one large policy or multiple policies
- 1:06 - Why cash flow dictates how big of a policy you should get
- 2:42 - Kim’s strategy for getting multiple policies
- 4:52 - How this multiple policy strategy applies to term life insurance
- 7:10 - More policies = more flexibility
- 7:41 - Why you need to keep an eye on your human life value
- 9:11 - How to stay on top of your policy dues and be organized
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If you’ve heard the advice “buy term life insurance and invest the difference” you have been fooled. In this episode Kim Butler helps us understand the role term insurance plays in our financial game plan, the different types of insurance and how much to get. You’ll also hear a shocking strategy that is invaluable for anyone that has surprising health needs that come up.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 0:43 - When should you get term life insurance
- 1:24 - The role term insurance plays in your life
- 2:02 - Understanding human life value
- 4:42 - Why it’s crazy to follow the advice of buy term and invest the difference
- 7:03 - How term insurance saves your health… this is invaluable!
- 8:42 - The different types of term insurance
- 11:38 - What you have to do to switch from term to whole life insurance
- 13:06 - Different levels of term insurance
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Lou Pineda comes from the banking industry where he worked with high net worth individuals. In his previous banking experience he was able to see that the most successful individuals understood finance by focusing on the principles. In this interview you’ll hear how Lou has developed a love for reading and learning and is focused on finding ways to continually grow.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- Connect with Lou Pineda
-
- http://partners4prosperity.com/lou-pineda
- https://www.linkedin.com/in/louis-pineda-7078847
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 1:20 - Developing a love for reading and learning
- 3:22 - Lou’s background
- 5:30 - Working with high net worth individuals in the banking industry
- 8:10 - What the highest net worth customers focused on
- 10:06 - How Lou is able to help clients by simplifying balance sheets through principles
- 11:39 - The to have a healthy body and a healthy mind
- 14:14 - How Lou is able to help people understand the language of finance
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There’s a much easier way to prepare for retirement than saving millions of dollars or hoping for recession proof double digit returns. In this episode Kim Butler demystifies what retirement really is helps us see a much favorable path towards financial success.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For show notes and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 1:09 - Retirement has only existed for about 75 years
- 2:00 - Why people are starting to wake up and not want to retire
- 3:11 - How to find a good measuring stick for risk and growth
- 4:30 - Why human beings are made to serve
- 5:22 - Your money can grow and not be at risk
- 5:43 - Why your focus should be on cash flow
- 6:28 - Growth vs Income
- 7:50 - How it’s easier to focus on cash flow vs wealth
- 9:22 - The tax implications and what to expect
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Setting goals and a clear vision is one sure way to make 2018 your best year ever. In this episode Kim and Spencer talk about how to change your mindset to adopt better habits and how to setup your day for success. We also get to hear what a typical day-in-the-life of Kim is and how we can apply those routines in our lives. Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://www.csmonitor.com
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 0:51 - How to change your mindset to adopt better habits
- 2:03 - Creating a “not to-do” list
- 3:07 - What are you doing with the first and last 2 hours of your day?
- 4:28 - A day in the life with Kim
- 8:55 - How to 10X your mindset
- 11:54 - Why a vision is better than goals
- 13:01 - Once you get your mindset correct you need to verbalize what you’re going after
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If you want to avoid another stock market crash or market correction then this episode is for you. Kim Butler shares a strategy (not a product you buy) to redirect funds to something that won’t rollercoaster ride, keeping your money safe and giving you more peace of mind.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast
- Get the ebook and audiobook www.partners4prosperity.com/ebook
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 0:38 - How we can avoid a 201k
- 1:26 - If you have an employee 401k and Roth IRA plan you can still protect your asset
- 2:32 - Kim’s strategy to protect your assets
- 4:15 - Shifting your money to something that’s ultra conservative
- 5:03 - How you can make this change without a penalty
- 6:57 - The penalty for not making the switch
- 8:01 - Why now is time to stand up and take action
- 10:15 - Get the ebook and audiobook www.partners4prosperity.com/ebook
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Understanding the difference between match and max on a 401k can be confusing. In this episode Kim Butler lays down the foundation and supplies strategies if you have existing 401k and Roth IRA plans. She even explains why we should shift assets into a more safe category.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 0:29 - What’s next after a Roth IRA and 401k
- 1:24 - The first step is to create a foundation
- 2:38 - Why you should only fund your 401k to the match level
- 4:24 - How come you don’t control the Roth IRA and 401k
- 5:18 - Really good investments need lump sums of money
- 6:16 - Should you cancel your 401k plan?
- 7:34 - Shift existing assets in a 401k to not stock market related choices
- 8:44 - Making a major change isn’t usually necessary and often not beneficial
- 10:07 - Borrowing against the difference of the match and max
- 12:45 - You always want your dollars to be moving
- 13:41 - While borrowing against cash value life insurance the growth of cash value is unaffected
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Getting financing for your business can be a difficult challenge if you follow the typical approach of working with a bank. In this episode Kim Butler shares examples from entrepreneurs and corporations that followed the traditional route of getting capital to grow their businesses.
Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For transcriptions and additional information of this episode go to: http://partners4prosperity.com/category/podcast
- https://partners4prosperity.com/business-financing-secret
- https://www.amazon.com/Live-Your-Life-Insurance-Butler/dp/1441486895
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 1:48 - We are grateful for No B.S. Money Guy Todd Strobel
- 2:09 - Traditional vs Typical strategies for financing your business
- 3:10 - J.C. Penny used whole life to support growth and cashflow challenges
- 3:33 - Walt Disney and Foster Farms borrowed against cash value to enable growth
- 4:23 - How Kim Butler uses cash value life insurance to support her business
- 5:58 - Why we view this as an emergency / opportunity fund
- 7:00 - You can own life insurance personally or have your business own it
- 8:02 - How long do you have to wait to access emergency / opportunity funds?
- 9:54 - There are no limits on the minimum or maximum
- 11:30 - Why most business owners aren’t following the traditional methods
- 13:27 - How listeners can take the next step
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How is President Trump’s tax plan going to affect you and your finances? In this special bonus episode our friend Patrick Donohoe from The Wealth Standard Radio podcast interviews Tom Wheelwright who is an expert with taxes. Together they talk about this new tax plan and help us understand what we should expect moving forward. Tune in with Kim D.H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast
- The original interview with Patrick and Tom - http://thewealthstandard.com/the-trump-era-tax-plans-winners-and-losers-episode-217
- http://paradigmlife.net
- http://tomwheelwright.com
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 2:08 - Why Tom doesn’t consider this a tax reform bill
- 3:20 - The differences between the Senate bill and the House bill
- 7:23 - How the VAT is our biggest competition overseas
- 16:55 - Why Wall Street has the most to gain from this tax bill
- 20:35 - Over 400 pages of pork spending and other surprises inside
- 35:13 - Will this bill really create jobs and follow the Trump narrative?
- 38:45 - How this may create the biggest real estate tax opportunities we’ve seen in decades
- 41:09 - Who the biggest losers may be under this tax plan
- 48:03 - Should we adopt a VAT in the USA?
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The final years of life are often the most expensive and unpredictable. We cover the different options with long term care and how the principles of prosperity can prepare you for the future. This is a past recording which was one of our most popular episodes.
Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast
- Medcure: medcure.org
- Heritage Cremation Provider: www.heritagecremationprovider.com
- Five Wishes: fivewishes.org
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 1:07 Asset Based Long Term Care
- 1:32 Long Term Care Riders in Whole Life Policies
- 2:30 Asset Based Long Term Care formed with An Annuity
- 3:45 Looking at Your Situation Holistically
- 6:57 Seven Principles & Long Term Care
- 10:41 You can have life insurance, long term care and still receive positive interest rates
- 14:00 Outro
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We’ve all heard the debate about 30 year vs 15 year mortgages and what is best for the long term and short term financial situations. In this episode we’ll cover prepaying mortgages, home equity and why to consider the peace of mind approach. This is a segment from one of our most popular past recordings.
Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://www.amazon.com/Busting-Interest-Rate-Lies-Discover-ebook/dp/B01DX0JP6I
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 01:18 Prepaying Your Mortgage & 15 Year Vs. 30 Year Mortgages
- 01:52 Why Prepaying Your Mortgage is Not the Answer
- 02:41 Why Home Equity May Not Be the Right Asset for You: The CLUE Test
- 06:34 What About Interest?
- 08:38 Busting the Interest Rate Lies
- 10:00 The Times When Peace of Mind Overrides the Financial Decision
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This episode is about how to make the most of your dollar and create cash flow from your assets. This audio is one of our most popular episodes covering the different ways to create cash flow.
Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast
- Financial Calculator: truthconcepts.com
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 00:57 The old way of creating assets that pay you
- 01:55 Interest and bonds are not as secure now
- 02:33 More effective ways to create income with real estate investing
- 02:55 Bridge Loan Providers take away some of the work of Real Estate
- 04:25 Financial Calculator
- 09:10 Truth trainings
- 09:45 Questions about bridge loans
- 10:25 Residential vs. Commercial bridge loans
- 13:20 Accredited advisors
- 14:00 Senior Life settlements
- 14:41 eBook: Financial Planning Has Failed
- 16:41 Independent Advisors provide better advice
Review and Subscribe
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Credit cards are used in nearly every store and even on our phones. In this episode Kim and Todd talk about the different types of credit cards and which type of cards to avoid. They also share resources on credit card calculators so you can understand how much interest you are really paying back.
Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast
- http://truthconcepts.com/how-155-in-credit-card-debt-becomes-38850-in-payments/
- https://www.dallasfed.org/educate/calculators/open-calc.aspx
- https://venmo.com
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 1:45 - Writing a check is one of the more exposed way of transferring money
- 2:21 - You can now use credit card for purchases less than a dollar
- 5:00 - The different types of credit cards
- 6:43 - Why Kim isn’t a fan of store cards
- 10:18 - The debit card discussion
- 10:53 - Venmo, an easy way to move money around
- 14:04 - How the state laws and credit cards can affect you
- 16:36 - Pay off your card every month or put together a game plan
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In this episode Kim and Todd go through a life insurance quiz where they talk about the differences between universal life and whole life and some of the more technical details inside the life insurance industry.
Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 1:21 - Kim begins sharing her answers to the quiz
- 2:45 - Converting to whole life and how you can do it
- 7:47 - What endowment means with life insurance
- 9:45 - Understanding the differences between universal life and whole life
- 12:15 - Who owns the cash value on whole life policies?
- 15:02 - Hear why Kim doesn’t like this type of policy
- 22:04 - This type of policy would be best used when the need for protection declines
- 33:28 - What happens when a policy covers two lives but only pays when the second insured person dies?
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Patrick Donohoe talks with Todd Strobel about his perspective of the economy right now and how we should open our eyes to discover a lot of opportunities amidst this current disruption we are in. This is a special episode that’s sure to pique your interest.
Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast
- Connect with Patrick
-
- https://paradigmlife.net/about/patrick-donohoe
- https://www.linkedin.com/in/paradigmlife
- www.thewealthstandard.com
- https://www.amazon.com/Simon-Sinek/e/B002CB2SDC
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 1:12 - Where Patrick see’s the economy right now
- 4:28 - Don’t be paralyzed and be prepared
- 5:50 - Alternative investments to look at
- 7:42 - If you were starting over from scratch where would you go for information?
- 11:23 - We are amidst a disruption with a lot of opportunity if people open their eyes
- 14:04 - Where to put extra money to outpace inflation
- 15:25 - Find out what you love doing, not what you have to do to pay your bills
- 17:37 - Why retirement doesn’t work
- 18:39 - Patrick discovered something he didn’t want in his business
- 21:17 - A different way to look at the 401k
- 23:30 - The alternatives to a 401k
- 25:10 - How to catch up when you don’t feel prepared in your 50’s
- 28:20 - Advice for passing wealth to the next generation
- 32:12 - Leave a legacy
Review and Subscribe
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If you’re thinking about retiring and factoring in the cost of living, taxes, environment and recreation this is the podcast to pay special attention to. Your hosts Kim and Todd talk about the top 25 cheapest cities places to retire.
Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://www.cbsnews.com/media/25-cheapest-places-to-retire/3
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 3:18 - Bakersfield, CA
- 4:15 - St. Louis, MO
- 4:50 - Gainesville, FL
- 5:14 - Columbia, SC
- 6:18 - Phoenix, AZ
- 6:54 - Austin, TX
- 7:36 - Dallas, TX
- 8:43 - Greenville, SC
- 9:47 - Pensacola, FL
- 10:20 - Sioux Falls, SD
- 11:20 - Ann Arbor, MI
- 12:02 - Fremont, CA
- 12:52 - Tulsa, OK
- 13:22 - Salem, OR
- 14:13 - Madison, WI
- 14:38 - Kansas City, MO
- 15:13 - Rochester, NY
- 15:51 - Salt Lake City, UT
- 16:30 - Omaha, NE
- 17:07 - Albuquerque, NM
- 17:47 - Mobile, AL
- 18:49 - Tucson, AZ
- 19:14 - Oklahoma City, OK
- 19:39 - San Antonio, TX
- 20:15 - Athens, GA
Review and Subscribe
If you like what you hear please leave a review by clicking here
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Kim and Todd talk about a recent AARP article: When a Con Man Calls. They discuss the top scams and fraud that get people in hot water and how you can avoid getting duped.
Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For transcriptions and additional information of this episode go to http://prosperitythinkers.com/category/podcast
- https://www.aarp.org/money/scams-fraud/info-2017/imposter-scams-con-man.html
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 0:33 - AARP article: When a Con Man Calls
- 2:17 - Scam #1 - Courthouse calling
- 3:09 - Scam #2 - Winning the lottery
- 4:25 - Scam #3 - Puppy breeder
- 6:05 - Scam #4 - Dr. representative
- 7:06 - Scam #5 - Utility scam
- 8:26 - Scam #5 - Police and Fire donations
- 11:04 - Scam #6 - Unclaimed property
- 12:17 - Scam #7 - IRS scam
- 12:57 - Scam #8 - Ticket seller
- 13:36 - Scam #9 - Long distance lover
- 14:07 - Scam #10 - Verify bank information
- 15:04 - Scam #11 - Military representative
- 15:38 - The one scam that almost got Kim
Review and Subscribe
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Warren Buffett is known as one of the world’s most successful investors and in this episode Kim and Todd cover a recent article from US News called: 9 Investing Steps from Warren Buffett’s Playbook. Tune in with Kim D.H. Butler and No B.S. Money Guy T
Peter Diamandis is one of the world’s most innovative thinking people and in this episode Kim and Todd talk about the new evidences of abundance that Peter often talks about. These evidences touch the many areas of life from health, wealth, energy, food and even the blockchain. This is a great episode to immerse yourself in where the world is going.
Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast
- http://www.diamandis.com
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 1:05 - Peter Diamandis is the topic of today’s conversation
- 4:36 - The truth of the world’s global economy
- 5:41 - Find a way to be apart of GDP and get paid for it
- 6:53 - How 3rd world countries are going to leap forward
- 7:23 - Blockchain and government
- 10:39 - Health and mortality
- 11:42 - Plummeting teen birth
- 13:24 - Exponential tech impact on health
- 15:07 - The environment
- 15:57 - Drones
- 16:51 - Energy
- 19:11 - Food
- 20:59 - What to watch out for
Review and Subscribe
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In this special episode Kim D.H. Butler shares her personal story with us today. She talks about the early beginning of her career and gives us an insight into her life.
Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://www.amazon.com/Live-Your-Life-Insurance-Butler/dp/1441486895
- http://liveyourlifeinsurance.com
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 2:04 Kim prefers to be a private person
- 3:48 Kim working a bank job and being introduced to life insurance
- 5:34 In 1991 she believed you needed to walk the talk and have life insurance
- 9:15 She left banking in 1990 and started in the insurance / financial planning industry
- 11:16 Her breaking point with the financial planning industry
- 15:48 Why she was buying multiple policies over the years
- 18:18 Dividend rates she was getting on her policies
- 19:34 If you have a fixed rate loan against your life insurance cash value that’s fixed rate forever
- 20:26 Another reason why insurance companies are more stable than banks
- 22:18 In 2004 they purchased an imploded policy from someone else
- 28:39 Kim wants everyone to learn that whole life insurance is the best way to store cash
Review, Subscribe and Share
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Self worth is the permission to be free. In this episode Kim and Todd talk about how self worth applies to your net worth and what you can do to improve your self worth and become more valuable.
Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 1:18 You will never be able to maintain a financial level that you do not believe you are worth
- 2:13 The #1 skill of entrepreneur is to be able to have self-generated confidence
- 3:23 What you need to do to increase your income in the marketplace
- 5:10 People with the highest self worth are willing to give the most
- 6:37 Why fake it till you make it doesn’t work
- 7:53 If you’re earning more than $100/hr you should have an assistant
- 9:29 Where to start to improve your self worth
- 13:20 Paying it forward and being of service
Review, Subscribe and Share
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In a recent CNBC article they talk about how much you should have saved by age 50. Together Kim and Todd talk about this article and go through the principles of savings.
Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this Episode
- For transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast
- https://www.cnbc.com/2017/09/01/how-much-you-should-have-saved-by-50.html
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes
- 1:21 The medium working age family had $5,000 in savings
- 1:46 If you’re going to retire by age 67 you need a minimum of 6X your salary by age 50
- 3:03 What are you going to live on when you get close to retirement age?
- 4:17 The assumption is that your expenses are lower at age 67, but is that correct?
- 7:01 If you’re 50 you need to be thinking about cashflow living an active lifestyle
- 7:49 Self worth is so much more important than net worth
- 9:20 Why even try?
Review, Subscribe and Share
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“What is an efficient way to transfer wealth to my posterity and still have some control over, and enjoy that wealth?” Kim Butler and No B.S. Money Guy Todd Strobel address this question to help listeners understand their best options.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links and Resources from this EpisodeSubmit your questions: hello@partners4prosperity.com
Book - The Opposite of Spoiled by Ron Lieber
www.partners4prosperity.com
Special Listener Gift
- Free eBook: Financial Planning Has Failed
Show Notes:
- 00:00 Intro
- 01:21 “The Opposite of Spoiled--Raising Kids Who Are Grounded, Generous, and Smart about Money” by Ron Lieber
- 03:04 How to share wealth with your posterity, but still have some control on it
- 04:03 Benefits of getting a life insurance policy on a grown child
- 06:00 Listener question: “Do you need to give to all the kids, and should it be equal?”
- 07:26 What about the spouse?
- 09:13 Tax efficient ways of transferring wealth
- 11:30 The “Family Banking Book” go to hello@partners4prosperity.com to sign up
- 13:11 What banks don’t want people to know
Review, Subscribe and ShareLeave a review about the podcast by clicking here
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Today’s episode is a listener question from Chris where he’s asking if it makes sense to buy a car using a life insurance policy. Kim Butler and No B.S. Money Guy Todd Strobel address this question to help listeners understand their best options.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Submit your questions: hello@partners4prosperity.com
eBook: Financial Planning Has Failed
Show Notes:
00:00 Intro
01:35 Understand the car loan interest rate
02:13 The 3 components to understand in this listener question
04:15 The best thing to do with the down payment.
06:25 If you already have an emergency fund here’s what to do next.
08:12 How to make your car loan least expensive as possible
11:48 Mutual life insurance companies vs typical whole life companies
Kim Butler and No B.S. Money Guy Todd Strobel share financial wisdom that’s mentioned in a June article from The Penny Hoarder titled “10 Things We Learn From Our TV Dads”.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Submit your questions: hello@partners4prosperity.com
eBook: Financial Planning Has Failed
The Penny Hoarder article: “10 Things We Learn From Our TV Dads"
Show Notes:
00:00 Intro
00:56 Article “10 Things We Learn From Our TV Dads”
01:21 Mike Brady from Brady Bunch “Look and don’t get took”: The importance of Due Diligence
03:57 Homer Simpson “Work hard to get what you want, now be quiet while I play the lottery.”
04:55 One of the biggest myths out there: That you can get something for nothing
05:32 Find work that you love and more into life, so you can get more out of life
06:07 Get in the habit of saving money, look into Stash.com
06:53 Tony Soprano from Sopranos “How to be a more effective boss (mafia style)-- buy land”
08:17 Danny Clutter of Full House “You have to move on in life”
11:07 Ward Cleaver from Leave It To Beaver “When you make a mistake admit it. If you don’t, you only make matters worse,”
13:07 Louis C.K. “The only time you look in your neighbor’s bowl is to make sure that they have enough. You don’t look in your neighbor’s bowl to make sure you have as much as them.”
15:38 Creating an emergency and opportunity fund
17:55 Ned Stark “Winter is coming. In the winter, we must protect ourselves, look after one another.”
20:38 Walter White “You can have anything you want if you’re willing to work for it.”
23:50 Don Draper “Change is neither good or bad, it simply is.”
The way you do finances may not be the same way your parents did it. Let best-selling author and financial planner Kim Butler and No B.S. Money Guy Todd Strobel tell you the top ten tricks to financial prosperity in today’s world.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at welcome@prosperitythinkers.com and we may answer it in an upcoming episode.
Links in this Episode:
Submit your questions: welcome@prosperitythinkers.com
eBook: Financial Planning Has Failed
Show Notes:
00:00 Intro
00:35 Article: “Ten Pieces of Financial Advice I Wish I Knew In My Twenties”
01:16 Financial memory is 7 years
01:30 1. Report your rent to the credit bureau (as the renter)
02:43 2. Learn how to use a credit card the right way
04:29 3. Don’t inquire unless you know for sure
05:40 4. Build your credit
07:23 5. You don’t have to be rich to invest
09:04 6. Save enough for rainy days
09:40 Saving creates peace of mind
11:10 7. Hold off on buying a car
13:23 8. Beware of predatory lending
14:59 9. Stop spending money on socializing
16:16 Listener gift: Financial Planning Has Failed
17:01 10. Harder to get out of a hole than in it
To achieve prosperity means more than to just have money. In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel outline the Five Faces to Prosperity. These are the old-school values to Prosperity Economics that have continued to define the movement. Learn what it takes to live a harmonious life in just 18 minutes.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at welcome@prosperitythinkers.com and we may answer it in an upcoming episode.
Links in this Episode:
Submit your questions: welcome@prosperitythinkers.com
Book Recommendation: Cracking the Camouflage Ceiling
Show Notes:
00:00 Intro
00:36 Old School Principles: The Five Faces of Prosperity
01:34 We believe in harmony
03:37 The first face
06:17 The second face
06:36 Everything begins with mindset
08:05 The third face
09:15 Add to your physical life, don’t subtract
11:51 The fourth face
12:31 Social Capital & The Four Habits
13:51 The fifth face
14:44 Cracking the Camouflage Ceiling
15:48 Hawthorne Publishing hawthornepub.com
16:11 Spirituality is important
17:25 Give first attitude
Welcome to the 212th episode of the Prosperity Podcast! In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about the five biggest financial mistakes that startups make according to David Ehrenberg. Find out how to avoid these mistakes to maximum your cash flow and ensure the success or your small business.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Submit your questions: hello@partners4prosperity.com
Article: The Five Giant Financial Mistakes that Startups Make
Show Notes:
0:00 Intro
00:57 Starting up a Business
01:15 So Many Tools are Available for Starting up a Small Business like a Big Business
03:25 The Five Giant Financial Mistakes that Startups Make
03:44 Mistake #1: Miscalculating Your Cash Burn Rate
06:21 Mistake #2: Not Completely Understanding Your MarketPlace
10:00 The Importance of Pricing Effectively
11:06 Mistake #3: Hiring and Expanding too Quickly
13:07 Mistake #4: Making Bad Hires
14:12 Mistake #5: Doing Your Own Finances (When You Have No Training)
Join best-selling author Kim Butler and No B.S. Money Guy Todd Strobel in this episode of the the Prosperity Podcast as they discuss the financial challenges that millennials, and really many generations face. Find out what solutions they have for problems like student debt, financial illiteracy and stagnant wages, and how they differ from popular opinions and mainstream media.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Submit your questions: hello@partners4prosperity.com
eBook: Financial Planning Has Failed
Credit help: NationalCreditCare.com
Article: How Millennials Can Overcome their Six Biggest Financial Obstacles
Show Notes:
0:00 Intro
00:24 How Millennials Can Overcome their Six Biggest Financial Obstacles
02:08 Challenge #1: Millennials are Financially Illiterate
05:38 Solution: Get An Auto-Didactic (Self Taught) Education in Personal Finance
08:35 Solution: Get Help With Your Education
10:45 Challenge #2: Millennials are Financially Fragile
12:42 Challenge #3: Millennials are Burdened with Student Loan Debt
13:32 Why You Might Not Want to Pay Down Student Loan Debt as Fast as Possible
15:00 Solution: Skip College? Maybe Not, But Consider Postponing
16:26 Challenge #4: Millennials Wages are Stagnant
18:26 Kim's Solution: Learn to Save, Live on Your Salary
17:04 Articles Solution: Negotiate for a Higher Salary, Look for a Higher Paying Job
19:44 Challenge #5: Rising Rents Eat up a Burdensome Amount of Millennial's Income
20:32 Kim's Solution: Get a Cheaper Apartment, a Second Job, or a Roommate
21:08 Article's Solution: Move Somewhere Cheaper
22:28 Challenge: Fewer and Fewer Millennials are Becoming Full-Time Entrepreneurs
23:03 Solution: Do Both
23:40 Pursue an Entrepreneurial Thought Process
In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel pack in a ton of information on how to make the most of your dollar. They offer take-away solutions that you can start using today.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Submit your questions: hello@partners4prosperity.com
Financial Calculator: truthconcepts.com
eBook: Financial Planning Has Failed
Show Notes:
00:00 Intro
00:37 How to Make Cash Flow from Your Asset Base
01:05 Make your dollar do many jobs.
02:19 Interest and bonds are not as secure now
03:10 Real Estate Investing
03:25 Bridge Loan Providers take away some of the work of Real Estate
04:54 Financial Calculator
09:45 Truth trainings
10:10 Questions about bridge loans
10:51 Residential vs. Commercial bridge loans
13:48 Accredited advisors
14:24 Senior Life settlements
14:41 eBook: Financial Planning Has Failed
17:14 Independent Advisors provide better advice
Summary:
In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel walk through a magazine article from Kiplinger Magazine. This episode sheds light on some technical facts about everyday finance you may be surprised to learn.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at welcome@prosperitythinkers.com and we may answer it in an upcoming episode.
Links in this Episode:
Submit your questions: welcome@prosperitythinkers.com
Show Notes:
00:00 Intro
00:43 Kiplinger Magazine- Financial Fluency
01:34 Where to store large sums of cash
04:02 How to boost your paychecks
06:30 What will help you build a credit history or build your credit?
07:12 Your credit card balance should never be 30% of your limit
09:44 Investments for your long term financial goals
11:36 Senior Life Settlements- send us an email about this
12:11 What insurance could you do without?
13:41 FDIC explained
16:54 What affects your auto-insurance rates?
18:00 What age do you start filing a tax return?
20:43 Withdrawing from a Roth IRA
22:22 Please leave us questions
In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about how to continue giving to your community after passing on. If you think you might want to include a charity in your will, give this episode a listen and you’ll find out some keen insight on how to do that.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at welcome@prosperitythinkers.com and we may answer it in an upcoming episode.
Summary:
In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about the differences between Stock and Mutual Insurance Companies. In just 15 minutes you will have a better understanding of where you should invest your money for life insurance.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at welcome@prosperitythinkers.com and we may answer it in an upcoming episode.
Links in this Episode:
Submit your questions: welcome@prosperitythinkers.com
Free ebook and audiobook: Financial Planning Has Failed
Show Notes:
00:00 Intro
01:20 Should you go with a Stock company or a Mutual Company?
01:35 Kim defines these terms
03:23 Only 19% of life insurance companies are mutual
03:42 75% are stock companies, who pay stock holders first
04:03 6% of life insurances companies are fraternal.
05:35 Explaining dividends.
07:44 Cash value can never go down- aspect of choosing mutual
13:39 Most mutual companies are over 100 years old.
14:31 Mutual reserves are dollar for dollar
14:45 Listener gift: Financial Planning Has Failed
Summary:
In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about the importance of finding out what Prosperity means to you. This is the first step to developing a prosperous mindset, in life and with finances.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Submit your questions: hello@partners4prosperity.com
Sneak Peak of New Book: Eight Perspectives on Prosperity Economics
Show Notes:
00:00 Intro
00:37 Today’s topic: the definition of Prosperity
00:50 We want listener feedback
01:00 Define Prosperity to have a goal to work towards
02:30 Gratitude comes first
02:36 Applying a good mentality to your finances
04:51 Definition of Prosperity changes throughout time for individuals
07:07 Three listener questions
09:12 Patrick Donohoe: The infinite vs. the finite game
12:29 Article about Chic-fil-a
12:42 New book: 8 Perspectives on Prosperity Economics
13:15 Sneak peek of book for listeners
13:41 Contact the podcast for questions hello@partners4prosperity.com
Summary:
In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about the advantages and disadvantages of buying vs leasing a car. This topic comes from a recent article by Jane Bryan Quinn in AARP magazine.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Submit your questions: hello@partners4prosperity.com
Free ebook and audiobook: Financial Planning Has Failed
Show Notes:
00:00 Intro
01:50 The authors opinion focuses on three different options
02:37 Challenges from the lease company
04:22 The biggest issue with a lease and how they add up massive fees.
06:05 If you’re going to do a lease understand all the costs
08:09 Paying cash vs financing cars
10:56 Each time you decide to get a new car look at dealer financing vs your own financing
Summary:
In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about 99 Ways to save money which was featured in the July/August AARP magazine. Listen to hear how many of these saving strategies you are applying in your financial life.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Submit your questions: hello@partners4prosperity.com
www.pparx.org - Partnership for Prescription Assistance
www.wallethub.com - Credit card comparisons
www.farecompare.com - Flight pricing comparisions
Show Notes:
00:00 Intro
01:44 Maxing out your retirement plan
04:35 Apply for free medication www.pparx.org
05:23 Audit a college course to expand your learning
07:13 Paying your mortgage twice a month
09:46 Transferring your credit card debt to a card with 0% interest
10:49 Cancel your collision coverage on your auto insurance
12:25 Pick your flights carefully by flying on the best days
14:04 Hire someone to negotiate your bills
14:58 Quit drinking soda to save $120 a year
15:58 Get reimbursed for ATM fees from using outside banks
Summary:
In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel test their knowledge by taking a quiz from FINRA.org. Advisors: listen up to see if you could correctly answer these interesting financial questions.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at welcome@prosperitythinkers.com and we may answer it in an upcoming episode.
Links in this Episode:
Submit your questions: welcome@prosperitythinkers.com
Financial quiz: FINRA.org
Show Notes:
00:00 Intro
00:38 Taking a quiz on financial literacy on FINRA.org
01:30 Calculating compounding interest
02:30 Calculators that Kim and Todd use
02:46 Free Calculator App
04:20 Inflation vs. Interest rates
04:45 What happens to bond prices if interest rates fall
06:00 Mortgage payments
07:20 Financial Planning Has Failed
07:44 Buying single company stock vs. stock mutual fund
08:50 Investment calculations
12:45 Busting The Interest Rate Lies
14:00 Listener input welcomed
Summary:
In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel debate statistics that were published by FINRA. These stats claim that Americans are improving financially, but is this really true?
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at welcome@prosperitythinkers.com and we may answer it in an upcoming episode.
Links in this Episode:
Submit your questions: welcome@prosperitythinkers.com
Show Notes:
00:00 Intro
00:41 Report issued by FINRA.org
01:17 Intro to the article
02:46 Kim: “Everything’s ok as long as everything’s ok”
03:22 Digital wealth goes through cycles
04:00 You get paid what you’re worth. If you want to get paid more, provide more value.
04:34 Moving towards a global workforce
05:56 Going over statistics in the article
07:15 Retirement vs. Future finances
12:13 Student loans not getting paid
13:31 Financial literacy is different from stock market literacy
16:25 Spending vs. Savings
17:17 Spending going up and saving rate is going down
22:25 Pay yourself back at interest
Summary:
In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about the time it takes to double your money. Surprisingly, it’s not always the same amount of time, even if you have the same interest rate.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at welcome@prosperitythinkers.com and we may answer it in an upcoming episode.
Links in this Episode:
Submit your questions: welcome@prosperitythinkers.com
Show Notes:
00:00 Intro
00:43 How long does it take 1,000 to get to 2,000?
01:31 Time Period Financial Calculator
02:53 What about the human element?
03:16 How AI and Robot Financial Advisors are affecting the industry
05:18 Peter DiaMandis and AI
06:48 Computers can only tell you certain things
08:56 Simple ways to make good rates of return
09:24 Use free trials of software
10:29 Holistic Calculator
Summary: In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel demystify an interesting article from Inc. Magazine. Each bullet point they highlight has juicy information that will make you better at managing your finances.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Submit your questions: hello@partners4prosperity.com
Listener Gift: eBook
Show Notes:
00:00 Intro
00:37 Article of INC Magazine- June 2017 episode
02:37 Money is at the root of every decision
03:15 Treat your personal finances like a business
04:29 Credit Card
05:09 Your bank statements are your reputation
06:56 Make money before you start asking for it
08:55 Pay yourself first
12:00 Budgets don’t work
14:23 The difference between purpose, passion and a good idea
16:05 Cash flow is better than net worth
18:24 If it’s too good to be true: dig deeper
19:45 Buy what you love, and what is essential
21:19 People in this article are considered wealthy
22:09 Connecting to the day-to-day person
23:28 Necessity never made a good bargain
23:59 Listener Gift- Financial Planning Has Failed
Summary:
In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about Mel Robbins’ new book. It’s called: The 5 Second Rule: Transform Your Life, Work, and Confidence with Everyday Courage. This book helps thousands transform themselves into action oriented people who lead better lives.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at welcome@prosperitythinkers.com and we may answer it in an upcoming episode.
Links in this Episode:
Submit your questions: welcome@prosperitythinkers.com
Listener Gift: eBook
Dan Sullivan’s Strategic Coaching: https://www.strategiccoach.com/
Mel Robbins’ Book: The 5 Second Rule
Show Notes:
00:00 Intro
00:42 Mel Robbins’ Book: the 5 Second Rule
01:31 What is the 5 second rule?
01:41 Help your mind tackle things you don’t want to do
02:17 Count backwards, 5 4 3 2 1..Launch
03:17 Highlights from the book
04:20 Kolbe Assessment
05:21 Dan Sullivan’s Strategic Coaching
06:20 The connection between your brain and your instincts
08:20 Locus of control
12:23 3 Main Behaviors people want to change
14:58 30 before 7:30
15:23 Concept of stopping your day
16:22 Listener Gift
16:51 We also want book recommendations!
Summary:
In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about writing your own will. If you’re unsure where to even get started, this episode maps out the essentials-how to do it, what to include, and resources to help you.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at welcome@prosperitythinkers.com and we may answer it in an upcoming episode.
Links in this Episode:
Submit your questions: welcome@prosperitythinkers.com
Listener Gift: Financial Planning Has Failed ebook
Resources for listener: partners4prosperity.com/blog
Show Notes:
00:00 Intro
00:45 Article in Money Magazine
01:31 Will + living trust combination is best
03:20 Do you need an attorney or can you do it with online resources?
06:27 Probate delays things
07:28 Deciding who is an heir
07:46 Naming an executor
08:41 Guardianship issues
10:30 Splitting up your finances
11:58 Biological vs. Stepchildren
12:20 Do you give inheritance all at once?
13:16 Incentive Trusts
14:15 Recommended Resources
15:00 Listener gift
Summary:
In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about the pros and cons of opening a Home Equity Line of Credit. Listeners will learn about when they should be used, and why mortgages may be the better way to go. Stay tuned for the listener gift at the end!
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at welcome@prosperitythinkers.com and we may answer it in an upcoming episode.
Links in this Episode:
Submit your questions: welcome@prosperitythinkers.com
Listener Gift: Financial Planning Has Failed ebook
Show Notes:
00:00 Intro
00:45 Answering a listener question
00:57 Home equity line of credit vs. Traditional Mortgage
03:22 Additional facts on the listener case
05:04 Busting the Interest Rate Lies
05:38 General Rule of Thumb: Putting extra money against a mortgage is not a good idea
07:06 Variable interests rate vs. Fixed interests rate
08:14 How home equity is handled at the banks
08:48 Can the bank still call the note?
11:07 Never have borrowed money as your emergency fund.
14:27 Tax implications of Home Equity Credit Lines
17:33 Mortgages are efficient debt
19:16 Listener Gift
Summary:
In this short episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about some hard questions. She gives advice on how to handle your own death arrangements, so your family members won’t have to worry later. Included in this episode are awesome resources to help make the process easy and affordable.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at welcome@prosperitythinkers.com and we may answer it in an upcoming episode.
Links in this Episode:
Submit your questions: welcome@prosperitythinkers.com
Medcure: medcure.org
Heritage Cremation Provider: www.heritagecremationprovider.com
Five Wishes: fivewishes.org
Show Notes:
00:00 Intro
00:36 Kim looks into arranging for her death
02:25 Medcure- cremations for free, but you donate to science
02:51 Heritage Cremation Provider
03:40 Very affordable cremation services
05:00 Be done with it so your family members don’t have to worry
06:11 Is this a question you handle on your own or should it be a family discussion?
09:01 Who do you entrust with this information to make sure it’s executed properly?
10:46 After you pass away, who’s in control of what kind of service you have?
12:21 Any other resources you’d like to share?
12:31 Five Wishes
14:11 We want listener questions!
Summary:
In this short episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about whether or not Robo-Advisors are taking over the industry. Apparently, the future looks bright for real financial advisors.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at welcome@prosperitythinkers.com and we may answer it in an upcoming episode.
Links in this Episode:
Submit your questions: welcome@prosperitythinkers.com
Show Notes:
00:00 Intro
00:31 AARP article: Should a robot manage your money?
01:29 The future looks good for advisors
03:00 Numbers vs. Philosophy
04:30 Robo-advisors= only stock market
05:43 Why have Robo-Advisors continued to gain popularity?
07:39 AARP says: Robot Advisors are democratizing financial planning
08:24 Independent RIA firms will eventually outshine Robo-Advisors
10:37 Robots cannot give people advice
11:40 What is a Robo-Advisor?
14:30 Comparing three different investment strategies
18:43 Give 90%, get 90%
19:30 AUM Model
21:43 Robots can help you invest, but not give you advice.
Summary:
In this short episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel break down the do’s and don’ts to saving money quick.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at welcome@prosperitythinkers.com and we may answer it in an upcoming episode.
Links in this Episode:
Submit your questions: welcome@prosperitythinkers.com
Show Notes:
00:00 Intro
00:34 Debunking the Money Saving Section in AARP magazine
01:53 Advisors get paid when people invest money, not save it
02:19 1.Sell the shirt off your back- sell your clothes
03:49 2.Redeem U.S. Savings bonds
05:19 3.Become a dog-sitter
05:44 4. Join a Focus group-nope
07:04 Ask Book by Ryan Levesque
08:45 5. Rent out your car
10:12 6. Refer a friend as a new hire- yes!
10:45 7. Clean out your house- yes!
11:41 8. Tap Insurance- yes! Borrow against your life insurance savings
12:50 Contact us directly if you are interested in Whole Life Insurance
15:46 Listener question
Summary:
In this short episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel break down the benefits and uses for an MEC (Modified Endowment Contract) versus a Single Premium Life Insurance Policy.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at welcome@prosperitythinkers.com and we may answer it in an upcoming episode.
Links in this Episode:
Submit your questions: welcome@prosperitythinkers.com
Listener gift: Ebook, Financial Planning Has Failed
Kim Butler’s book: Busting the Life Insurance Lies
Kim Butler’s book: Live Your Life Insurance
Show Notes:
00:00 Intro
00:20 Todd + Kim
00:33 Single Premium Life Insurance question
01:29 When Single Premium Life immediately turns into a MEC
02:44 You can borrow against Life Insurance
03:27 What a MEC is good for
04:51 Bridge Loan Investments
06:18 MEC is not a liquid asset
07:41 Underlying expenses with Life insurance
08:24 Have confidence in a dividend, not in the stock market.
09:41 Are there any particular strategies Kim would use?
10:47 If you’re more focused on a legacy, then we recommend MEC
11:23 Listener resources- Live Your Life Insurance, Busting the Life Insurance Lies
12:20 Listener gift- Financial Planning Has Failed, ebook partners4prosperity.com/ebook
Summary:
Best selling author Kim Butler and No B.S. Money Guy Todd Strobel offer insight on the direction the world seems to be heading- towards digital money. India did it, Australia is next, and they offer advice on what you should do if cash is eliminated in America as well.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Intro
00:33 What has happened, and what could happen in the future
00:44 Indian gov’t banned cash- 1,000 + 500 rupee notes
01:51 Kim’s opinion on this
02:05 What if they take away the dollar?
02:55 Check off on your list what you can do
03:15 It’s already happening in Australia
03:36 Electronic money is more convenient
04:23 Bitcoin and the blockchain
05:45 Electronic money used for behavioral modification
08:37 What Todd would do in this situation
11:19 Kim’s advice about what families can do to prepare for emergencies
15:32 No problem on earth exists, without the person present to solve it.
16:02 Celebrate success and stay positive
Summary:
Best selling author Kim Butler and No B.S. Money Guy Todd Strobel debate some of the financial advising tips offered by an article from the AARP magazine. This episode shows in detail how society is setting you up for financial failure, and how it’s your responsibility to swim upstream.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Listener Gift: Kim’s eBook Financial Planning Has Failed
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Intro
00:34 Topic: an Article in AARP magazine
00:55 How we are tricked into doing the right thing by behavioral science
01:14 Humans don’t always do what’s best for the long term
02:13 Opt-in vs. opt-out 401K plan
03:42 Investing vs. Saving
04:24 5th of the 7 Principles of Prosperity
07:23 Article talks about making saving fun
08:57 Overcoming short term thinking
11:00 New technology for Prosperity Economics
12:40 Competition- is it good?
14:48 Kim doesn’t like the envelope system except for short term savings
16:50 Seven Principles
17:30 Listener gift
Summary:
Best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about how to choose a life insurance policy. One thing you’ll learn: assets aren’t everything.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Kim Butler’s book: Busting the Life Insurance Lies
Kim Butler’s book: Live Your Life Insurance
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Intro
00:45 Topic: Two investors try to make a decision
01:55 Mutual life insurance companies by law must return 100% of their profits to their owners
05:37 Assets can be irrelevant
06:40 Most important to know: Whether a company is mutual or not, and how long they’ve been in business
08:04 Higher premium equals higher contribution to cash value
09:27 State approved policy design
10:00 Long term, all mutual companies will be the same
11:03 Is there much of a difference on state to state for premiums?
13:17 The three most important things to note
14:21 Direct recognition
15:10 Podcast for direct recognition information
15:27 Kim’s books: Busting the Life Insurance Lies, Live Your Life Insurance
17:21 Kim doesn’t just give answers but teaches you to ask the right questions
Summary:
Best selling author Kim Butler and No B.S. Money Guy Todd Strobel analyze how Single Premium Life Insurance policies may not be the best choice in today’s world.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Kim Butler’s book: Live Your Life Insurance
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Intro
00:45 Topic: Two investors try to make a decision
01:55 Mutual life insurance companies by law must return 100% of their profits to their owners
05:37 Assets can be irrelevant
06:40 Most important to know: Whether a company is mutual or not, and how long they’ve been in business
08:04 Higher premium equals higher contribution to cash value
09:27 State approved policy design
10:00 Long term, all mutual companies will be the same
11:03 Is there much of a difference on state to state for premiums?
13:17 The three most important things to note
14:21 Does not matter if a company is direct recognition
15:10 Podcast for direct recognition information
15:27 Kim’s books: Busting the Life Insurance Lies, Live Your Life Insurance
17:21 Kim doesn’t just give answers but teaches you to ask the right questions.
Summary:
Best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about how to maintain a prosperous mindset when life (or your finances) face inevitable setbacks. Their conversation teaches the importance of always learning, and how you should always remember to take care of yourself so that you can then give to others.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
GrowingBolder.com : A website for inspiration
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Intro
00:33 Life is about second chances
01:16 People’s fear of future mistakes
03:00 Go slow and start small, with money and everything else
06:11 Kim’s “give first” attitude
08:11 Learning outside of your main area of focus can indirectly help that focus
10:00 “Failure is learning”
12:00 Kim’s motto: Just do something
12:43 If you plan, plan effectively
14:11 Focus on the present
14:42 Give yourself time
Summary: Best-selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about Prospective Product Bloat, which is the current phenomena of having too many financial planning tools to choose from. They explain how it may be better just to simplify your finances.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Listener gift - Financial Planning Has Failed book and audiobook
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Intro
00:30 Prospective Product Bloat
00:45 Is complex better or just a sales technique?
01:21 Kim’s experience selling these products
02:18 Quick answer: Simple is better
03:50 Example of simplifying
04:33 Question for listeners
06:55 3 Things money should do: Be liquid, grow, create income
08:00 Bridge loan investing
10:30 Concepts should be explainable to a high school student
11:33 The client should drive the meeting
13:24 Find an advisor that will listen to you
Summary:
Best-selling author Kim Butler and No B.S. Money Guy Todd Strobel debate the topic of data harvesting in the financial and health industries. They want to know: how much information is too much? And how is sharing this information helping us personally?
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Intro
00:50 Computers collect and use information
01:09 How much should financial institutions be able to collect from you?
02:07 Invasive questions
02:39 Cameras determine if you’re lying on a loan application
04:00 Financial institutions: products vs. strategy
05:27 Kim wonders if this is too much big brother, or is it valuable?
06:19 Trading information for benefits
07:16 Would less fraud help interest rates?
07:44 Question for Listeners
10:20 Amazon Alexa taking pictures
11:27 We need to find the good in technology
12:31 Opportunity of the block chain
Summary:
No B.S. Money Guy Todd Strobel talks with Rick Randall about why most estate plans don’t work and together they will share a unique 3 step strategy to get your estate plan working for you.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
National Network of Estate Planning Attorneys - https://nnepa.com
Randall, Gentry & Pike - http://www.lifespanusa.com/
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Introduction
00:43 Today’s topic: Why Most Estate Plans Don’t Work
01:37 The 3 step strategy to get your estate plan to work for you
03:05 You have to do two things to make a plan work
03:44 The “snapshot test”
05:25 Wisdom as well as wealth
07:15 If you already have a trust make sure you already have these things in place
10:15 How to find an attorney you are comfortable with
13:44 Does an irrevocable trust mean it can’t be fixed in the future?
16:05 Implementing the 3 step strategy for your estate plan
Summary:
No B.S. Money Guy Todd Strobel talks with Rick Randall about estate planning for people with modest means of wealth. Together they will address the cost of doing a trust the wrong way and who needs to have a trust created.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Randall, Gentry & Pike - http://www.lifespanusa.com/public/default.asp
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Introduction
00:38 Today’s topic: Planning For People With Modest Means
01:40 How Rick came up with the Modest Means program
03:29 Why trusts are for everyone and not just the wealthy
04:14 Is it wise to purchase a trust kit online or should you meet with an attorney?
06:21 The cost of doing a trust the wrong way
09:44 Why people are putting off estate planning
15:59 Do you need an estate plan if you have less than $5 million?
Summary:
No B.S. Money Guy Todd Strobel talks with Rick Randall about estate planning. Together they debunk the common myths with trusts and explain the 3 main protections that come from a trust.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
National Network of Estate Planning Attorneys - https://nnepa.com
Randall, Gentry & Pike - http://www.lifespanusa.com/public/default.asp
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Introduction
00:25 Today’s topic: Estate Planning with Rick Randall
01:18 Rick’s background
03:01 The typical client experience with estate planning
05:25 Common myths with trusts
08:09 Different types of trusts
12:51 The 3 main protections that come from a trust
16:40 At what point do you need a trust?
Summary:
Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about different alternative investments, debunk some common myths and explain what should be the foundation of all finances.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Listener gift - Financial Planning Has Failed book and audiobook
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Introduction
00:28 Today’s topic: How To Appreciate the Alternatives
01:41 How Kim and Todd started in the alternative investment arena
04:20 What most people think alternative investments are
05:30 Real estate investment trusts vs bridge loans
08:10 Should you be in life settlements or bridge loans?
09:40 Why cash value life insurance is your financial foundation
11:52 Hear Kim’s story at www.partners4prosperity.com/ebook
Summary:
Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about the invisible workload for women and the statistical differences between men and women and how it has an affect on finances and long term wealth and health.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Listener gift - Financial Planning Has Failed book and audiobook
Book Live Your Life Insurance - http://liveyourlifeinsurance.com
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Introduction
00:29 Today’s topic: The Invisible Workload For Women
01:25 Should we look at women and finances differently than we do men?
03:20 What happens when women become long term caregivers?
05:43 Utilizing a life insurance death benefit
08:12 Children buying policies on their parents for long term care
11:20 Comparing the statistical differences between men and women
13:15 Book on life insurance http://liveyourlifeinsurance.com/
17:24 What do you do with your free time?
Summary:
Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel review a recent article from JP Morgan titled: 7 Principles for Successful Long Term Investing. Together they cover each principle to see if it is aligned with the 7 Principles of Prosperity.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Article on JP Morgan website
Listener gift - Financial Planning Has Failed book and audiobook
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Introduction
00:30 Today’s topic: 7 Principles for Successful Long Term Investing
01:20 #1 Plan on living a long time
02:38 #2 Cash isn't always king
03:10 #3 Harness the power of dividends and compounding
04:37 #4 Avoid emotional biases by sticking to a plan
06:29 #5 Volatility is normal; don’t let it derail you
07:58 #6 Staying invested matters
08:53 #7 Diversification works
15:37 Free ebook and audiobook - www.partners4prosperity.com/ebook
Summary:
Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about different problems with pensions and answer listener questions. In this episode they talk about the changing timetables with pensions and what to do to protect and build your wealth.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Free ebook - www.partners4prosperity.com/ebook
Listener gift - Financial Planning Has Failed book and audiobook
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Introduction
00:31 Today’s topic: Problems with Pensions
01:19 Understanding defined contribution plans
03:55 Explaining older style defined benefits plans
04:38 The history of pensions
07:10 How underfunded pensions are affecting all of us
10:38 Pension funds changing timetables and payments
11:21 The best way to get good results with your finances is to take care of them yourself
12:50 The 3 legged stool of: Social Security, Pensions and Savings
14:58 Gift for listeners: Financial Planning Has Failed book and audiobook
16:06 Listener question #1 - Start now or later to draw from your pension?
18:56 Listener question #2 - Taking a lower amount or higher amount from a pension to protect your spouse?
Summary:
Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel take on a listener question where Ben asks if one should use a policy loan to pay for a vacation and other expenses.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Free ebook - www.partners4prosperity.com/ebook
Book recomendation - Live Your Life Insurance
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Introduction
00:32 Today’s topic: Listener Question
02:17 Here’s what to do if you truly want to be your own bank
04:08 Why it’s important to be borrowing to invest no borrowing for consumption
06:41 Using convertible term policies
09:00 The typical rate of return for dividends on an insurance company
10:30 Book recomendation: Live Your Life Insurance
11:38 Easiest way to start saving 20% of your gross
13:29 Save 10% more by looking at your taxes or creating a home based business
Summary:
Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel review a case study of an accredited investor. This case study is of a 60 year old doctor with a salary of $175,000 and has CD’s, savings and other investments.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Free ebook - www.partners4prosperity.com/ebook
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Introduction
00:30 Today’s topic: Accredited Investor Case Study
01:25 Cashflow issues don’t go away - they just get bigger zeros
02:29 Do your expenses really go down when you retire?
03:28 Case study: 60 year old doctor with a salary of $175k
04:38 Applying the 7 Principles of Prosperity
05:44 The mantra - Go slow and start small
07:57 Getting CD’s and cash to create income
11:39 What happens when interest rates go up?
14:49 Is it crazy to buy insurance when you’re 60?
17:06 What to do if you can’t qualify for life insurance?
18:37 Giving life insurance policies to children
19:22 What to do if you’re concerned with the stock market?
21:26 The biggest fear can be inflation
22:28 How much time does a person need to invest in this process?
Summary:
Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel cover a case study from a listener that we’ll call CY. Kim and Todd talk about different options and strategies for a 40 year old female that is a medical professional who owns her own business.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Free ebook - www.partners4prosperity.com/ebook
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Introduction
00:29 Today’s topic: Crisis of Conscience
01:18 Todd explaining CY’s background and finances
06:35 Kim tackling each line item
08:37 Gross vs net returns
12:11 Converting life insurance policies
13:01 It’s more important to receive consistent positive returns over time than it is to be tied to an index
14:24 What is real financial freedom?
19:25 How easy is it to get access to your equity in your rental properties?
Summary:
Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about Part 4 of the case study featuring a couple earning $45,000 each a year. This episode specially talks about car buying and strategies to save money on the purchase and loan.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Kim’s book - Busting the Retirement Lies
Submit your questions hello@partners4prosperity.com
Truth Concepts Calculator www.truthconcepts.com
Show Notes:
00:00 Introduction
00:30 Today’s topic: Case Study - Part 6: Couple Earning $45k Each a Year
01:31 In this case study the couple is almost 30 and got $5k annual raises put into their 401k’s
02:40 Kim explaining the true numbers behind the 401k match vs max
06:23 The real reason why employers offer a 401k plan
07:24 How to increase the rate on your qualified plan without changing any of the investments
10:16 The true risk of a 401k vs a life insurance plan
11:01 The only product that has a guaranteed cash value dollar figure
12:02 Getting access to cash value life insurance
14:00 PUtting focus on boring but effective strategies
15:24 Free audiobook and ebook Financial Planning Has Failed
Summary:
Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about a recent interview Kim participated in called: Crisis of Conscience. They talk about how there are many misunderstanding and things that are incorrect in the financial services industry.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Free ebook - www.partners4prosperity.com/ebook
Submit your questions hello@partners4prosperity.com
Truth concepts calculator - www.truthconcepts.com
Show Notes:
00:00 Introduction
00:30 Today’s topic: Crisis of Conscience
02:03 The missing parts behind the securities industry
03:15 Why Kim pulled all of her money out of the stock market
05:31 Getting full disclosure of all fees
06:18 With such low interest rates it’s heartbreaking for people to save and only see the money they’ve put in
06:53 The advantages of using alternative investments that provide specific cash flow and dedicated growth
07:55 There’s a concrete a specific path towards prosperity
09:18 Spending time at the philosophy level and changing limiting beliefs
09:53 Free ebook www.partners4prosperity.com/ebook
Summary:
Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about Part 5 of the case study featuring a couple earning $45,000 each a year. This episode Kim and Todd talk about the couple going through the homebuying process.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Kim’s book - Busting the Interest Rate Lies
Submit your questions hello@partners4prosperity.com
Truth concepts calculator - www.truthconcepts.com
Show Notes:
00:00 Introduction
00:29 Today’s topic: Case Study - Part 5: Couple Earning $45k Each a Year
02:03 Using the cash value life insurance to avoid the private mortgage insurance
03:07 15 year vs 30 year mortgage
05:32 How do you think and feel if you don’t have any savings?
06:07 Where you would want to put your extra money
07:10 Understanding the time value of money
07:54 You can’t eat equity, Why prepaying your mortgage isn’t always the best option.
08:25 Sometimes it’s better to take a 15 year with higher payments
10:10 Why you want to have control over the equity
11:03 The correct way to measure the 15 year vs 30 year mortgage
12:49 Video explanation of Busting the Interest Rate Lies by emailing hello@partners4prosperity.com
Summary:
Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about Part 4 of the case study featuring a couple earning $45,000 each a year. This episode specially talks about car buying and strategies to save money on the purchase and loan.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Kim’s book - Busting the Retirement Lies
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Introduction
00:30 Today’s topic: Case Study - Part 4: Couple Earning $45k Each a Year
02:17 Starting off with the 7 Principles of Prosperity
03:04 Thinking from a prosperous mindset
04:06 Todd says to “assume nothing”
05:09 See the big picture
07:37 Identifying opportunity costs
10:00 Cashflow: In and Out
12:23 You maintaining control over your own money
13:34 Moving money through assets
14:04 Getting a multiplier effect
19:22 Get a video explanation by emailing hello@partners4prosperity.com
21:09 Book - Busting the Retirement Lies
Summary:
Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about a recent article and quiz from AARP magazine. Todd asks Kim the quiz questions to see if she is a spendthrift or a skinflint.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Kim’s book and audiobook - Financial Planning has FAILED
AARP article Do You Have Cheap Genes
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Introduction
00:30 Today’s topic: AARP Quiz - Are You a Spendthrift or a Skinflint?
02:05 Todd asking Kim the quiz questions
07:20 Results to Kim’s quiz questions
08:04 Having a saving account gives you freedom to spend money on the things that are important to you
10:42 Freedom allows you to make decisions based on what you want not what you can and cannot afford
13:18 Finances are the #1 stress in individual lives and the media is the #1 incorrect source of incorrect information about finances
14:14 People deserve to have the whole truth about their financial decisions and that lessens stress
Summary:
Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel share tips about organizing your finances.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Kim’s book and audiobook - Financial Planning has FAILED
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Introduction
00:30 Today’s topic: Organization Your Finances
01:12 Preparing before you take action
03:29 Why it’s important to take time to get organized with your finances
04:33 Managing the emergency and opportunity money
05:04 Many people are unorganized with their IRA’s and 401k’s
07:15 What Kim does to get prepared for her taxes
09:53 Is a tax refund a good thing?
12:52 A financial advisors role in many cases is to make the dollars you already have more efficient without sacrificing lifestyle
14:14 Kim’s gift of an ebook and audiobook - Financial Planning has FAILED
Summary:
Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about Part 3 of the case study featuring a couple earning $45,000 each a year. This episode specially talks about car buying and strategies to save money on the purchase and loan.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Kim’s book Busting the Interest Rate Lies
Submit your questions hello@partners4prosperity.com
Truth Concepts Calculators - http://truthconcepts.com
Show Notes:
00:00 Introduction
00:28 Today’s topic: Case Study - Part 3: Couple Earning $45k Each a Year
01:20 Making the decision to buy a $35,000 car with 0% financing
02:39 The price of a car has added costs that most consumers don’t realize
05:32 For the best rate and price get letter from a credit union or local bank
06:22 The golden question is: What is the price if I pay all cash?
08:56 How buying a 1-2 year old vehicle saves a lot on your costs
09:43 Car ownership will be completely changed by 2025 in urban areas
12:28 Listener question: Using a home equity line of credit to purchase a car
13:43 Kim’s book Busting the Interest Rate Lies
Summary:
Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about transitioning from a WE Economy to a ME economy and how we can apply this knowledge to our current lives.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Get the free ebook and audiobook - Financial Planning has FAILED
Submit your questions hello@partners4prosperity.com
Truth Concepts Calculators - http://truthconcepts.com
Show Notes:
00:00 Introduction
00:28 Today's’ topic: Transitioning from a WE Economy to a ME Economy
03:23 Why it’s a good thing to be self interested and take responsibility
05:18 Our primary asset is our ability to take care of ourselves and earn an income
07:03 The people that are getting good results have a good ME economy and WE economy
09:08 You need to achieve balance between the two
10:47 Tips for millennial to have less stress and more success
14:14 Gift for listeners - Financial Planning has FAILED
Summary:
Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel go through Part 2 of a case study involving a married couple where each is making $45,000 and the wife has a whole life insurance policy from her parents.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Get the free ebook and audiobook - Financial Planning has FAILED
Submit your questions hello@partners4prosperity.com
Truth Concepts Calculators - http://truthconcepts.com
Show Notes:
00:00 Introduction
00:28 Today's’ topic: Case Study - Part 2: Couple Earning $45k Each a Year with a Life Insurance Policy
01:34 Talking about the borrowing strategies calculator and how it affects growth
02:40 Borrowing against the cash value life insurance
03:51 The maximum potential calculator
05:50 Buying term insurance
09:19 Getting a liability umbrella
11:32 Strategy for savings
13:10 Instead of Maxing out your 401k you should Match it out
Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel go through a case study involving a married couple where each is making $45,000 and the wife has a whole life insurance policy from her parents.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Get the free ebook and audiobook - Financial Planning has FAILED
Submit your questions hello@partners4prosperity.com
Truth Concepts Calculators - http://truthconcepts.com
Show Notes:
00:00 Introduction
00:28 Today's’ topic: Case Study - Couple Earning $45k Each a Year with a Life Insurance Policy
02:28 Should she continue paying on a whole life policy?
03:34 Understanding what your real debt and payment terms are
05:33 Getting an inforce illustration from the policy
06:52 Why you can’t compare cash value life insurance to the stock market
08:30 What is the death benefit?
09:30 Understanding the funding calculator
10:44 Explaining inforce illustration
11:58 Busting the Life Insurance Lies table G has a picture of the calculator
Summary:
Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about a recent article that highlights the rise of digital currency and the growing trend of blockchain capital.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Get the free ebook and audiobook - Financial Planning has FAILED
Submit your questions hello@partners4prosperity.com
Article - The Coming Abolition of Cash
Show Notes:
00:00 Introduction
00:38 Today’s topic - The Coming Abolition of Cash
02:33 Why the unbanked and underbanked are opening bank accounts
04:05 The disadvantages of going to a cashless society
05:12 Who’s holding the large bills?
06:54 Demonetization, and the good that will come from it
09:18 Why the blockchain will transform how we vote, conduct business and transact
09:56 The fear of big brother becoming more involved in our lives
11:39 One of the good things that comes from more transparency is the bad guys can no longer hide
13:03 How much control do we want the government to have?
15:53 Be comfortable in a changing society
Summary:
Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about a recent article from Peter Diamandis called: Are You an Exponential Entrepreneur? They cover the six mindsets every entrepreneur must master.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Get the free ebook and audiobook - Financial Planning has FAILED
Submit your questions hello@partners4prosperity.com
Article by Peter Diamandis - Are You An Exponential Entrepreneur?
Crowdfunding problem solving www.herox.com
Show Notes:
00:00 Introduction
00:30 Today’s topic: Are You an Exponential Entrepreneur?
03:27 Understanding how to make technology work for you
04:21 Even if you’re on the right track you’ll get run over if you’re standing still
04:39 The 6 mindsets and tools every exponential entrepreneur needs to master
04:49 Mindset #1 - You Must Understand Exponentials
06:11 Mindset #2 - You See the World as Abundant (vs. Scarce)
08:45 Mindset #3 - You Leverage Exponential Technologies
09:51 Mindset #4 - You Have an MTP and a Moonshot
13:50 Mindset #5 - You Tap the Crowd for Expertise, Solutions & Capital
15:30 Mindset #6 - You Launch Your Vision, Experiment & Disrupt Yourself
Summary:
Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about a recent article from AARP called The Bank of Mom and Dad. Together they discuss the different questions and scenarios when handling finances with adult children.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Get the free ebook and audiobook - Financial Planning has FAILED
Submit your questions hello@partners4prosperity.com
AARP's article from January 2017 called The Bank of Mom and Dad
Show Notes:
00:00 Introduction
00:29 Today’s topic: AARP's article from January 2017 called The Bank of Mom and Dad
01:47 Question #1 - Will this investment add stability and security to my child's life or is it simply a good to have purchase or investment?
05:22 When helping children in their 30’s and 40’s it may be causing their children problems
05:47 Question #2 - Is this a short-term or one time cash need, or is it something that could drag on for years?
06:26 Question #3 - Is there risk in the investment beyond the cash outlay, such as financial liability on a contract or damage to your credit?
8:04 Question #4 - Can you lend or give this money without fear of damaging your relationship with your child or will it cause tensions or resentments for the people involved?
12:58 The AARP scenarios
13:32 Scenario #1 - Dead Car
14:41 Scenario #2 - Fairy Tale Wedding
16:37 Scenario #3 - Apartment Lease
18:03 Scenario #4 - Home Down Payment
21:35 Scenario #5 - Divorce Bailout
23:39 Scenario #6 - Business Loans
25:05 Scenario #7 - Graduate School
Summary:
Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about how your cash value life insurance grows and how to get an accurate long term view by comparing it to bank rates.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Get the free ebook and audiobook - Financial Planning has FAILED
Submit your questions hello@partners4prosperity.com
Kim’s latest book Busting The Life Insurance Lies
Quick read Live Your Life Insurance
Free financial calculators at Truth Concepts
Show Notes:
00:00 Introduction
00:28 Today’s topic: Whole Life Insurance and How Your Cash Value Grows
01:06 The whole life cash value is the perfect emergency fund
02:36 Kim’s newest book Busting The Life Insurance Lies talks about calculating internal rate of return on page 228 in the book
05:25 If you look at whole life companies website you’ll see a gross dividend around 6% which is irrelevant because fees are not factored in
07:39 Your cash value should be looked at when viewed over time, not 5 to 7 years
09:00 The rule of thumb is cash value whole life insurance grows at 2-3 points above bank rates
10:05 What happens when interest rates come up on CD’s?
10:46 When purchasing life insurance you’re purchasing an asset
12:25 Books: Live Your Life Insurance and Busting The Life Insurance Lies to learn more
13:30 Financial calculators at Truth Concepts
Summary:
Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel share different morning health habits that will help you live a more happy and prosperous life.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Get the free ebook and audiobook - Financial Planning has FAILED
Submit your questions hello@partners4prosperity.com
Tim Ferriss’s new book Tools of Titans
Miracle Morning by Hal Elrod
The Path to Wealth by May McCarthy
The new coffee phenomenon Bulletproof Coffee
Show Notes:
00:00 Introduction
00:31 Today’s topic: Morning Health Habits
01:40 Tips in the book Tools of Titans by Tim Ferriss
02:39 Todd’s advice is to live a life in balance
04:24 Kim shares the book Miracle Morning by Hal Elrod
05:32 Book: The Path to Wealth by May McCarthy
07:27 Todd’s tip is to lay The Bible in the kitchen so you can do “Bible Nibbling”
08:18 Play the gratitude game while you’re waiting and notch it up one by adding the spiritual or inspired aspect of the item
09:40 Get outside and enjoy the fresh air
11:11 Todd’s advice is: ADIO - Healing comes from Above, Down, Inside your body and Out
12:38 Put fuel in your body every morning
13:28 Todd Langford uses Bulletproof Coffee and Protein
16:55 Drink enormous amounts of water especially first thing in the morning
17:17 Make sure you laugh at least 30 minutes a day to release healing chemicals
Summary:
Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about the books they are currently reading and share insights on how to get the most out of reading and thinking more clearly.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Get the free ebook and audiobook - Financial Planning has FAILED
Submit your questions hello@partners4prosperity.com
Books Kim and Todd are reading:
Jump by Steve Harvey
The Other Side of the Coin by Will Duffy
The Noticer by Andy Andrews
Success for Teens by John Fleming
Essentialism by Greg McKeown
The End of Average by Todd Rose
Show Notes:
00:00 Introduction
00:31 Today’s topic: Kim and Todd’s favorite books
01:59 Why reading books help develop thought more thoroughly
03:27 Todd is reading Jump by Steve Harvey
05:04 Quick tip: Get the sample of the book on your kindle to see if you like it
05:43 Kim is reading The Other Side of the Coin by Will Duffy
10:35 Kim is also reading The Noticer by Andy Andrews
12:34 Another book Kim is reading Success for Teens by John Fleming
15:01 Kim is also reading Essentialism by Greg McKeown
15:52 The last book Kim mentions is The End of Average by Todd Rose
17:56 Book Giveaway: Financial Planning has FAILED get it at www.partners4prosperity.com/ebook
Summary:
Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about auto financing and the advantages of buying vs leasing. They also share how to avoid the traps car dealers lay out when financing a car.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Get the free ebook and audiobook - Financial Planning has FAILED
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Introduction
00:34 Today’s topic: Financing Your Vehicles
01:46 Different ways to reduce the amount of money you spend on cars
02:50 Understanding rebates and 0% financing
03:55 Why car dealers add the interest to the total price but call it 0% interest
05:11 How to get the true price of the car
07:31 A negotiation tip to get the best price
08:15 We want dealerships to be profitable but transparent
09:06 Deductions from leasing a car
10:59 How often should you trade vehicles and get new cars
12:12 Absolutely make sure you have high deductibles for lower premiums
12:50 When leasing a vehicle be careful about overage on your mileage
13:20 Accounting tip for your deductions
Summary:
Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel answer a listener question and share strategies on creating family financial liquidity and decisions to make with college education.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Get the free ebook and audiobook - Financial Planning has FAILED
Submit your questions hello@partners4prosperity.com
Live Your Life Insurance - ebook
Busting The Life Insurance Lies - ebook
Show Notes:
00:00 Introduction
00:33 Today’s topic: Listener questions answered by Kim Butler
02:21 Case study: 45 year old couple with $80,000 annual income
04:05 It so important for families to have liquidity because it’s flexible
06:44 When does it make sense to increase contributions to a 401k
10:05 What options you have when your child doesn’t want to go to college
14:45 What to do when a 401k is not matched
16:32 Kim’s favorite place to begin savings
Summary:
In this episode your hosts Kim Butler and co-host No B.S. Money Guy Todd Strobel answer another listener question. They take on a case study of a 70 year old with $1.5 million in the stock market and talk about beating inflation.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Get the free ebook and audiobook - Financial Planning has FAILED
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Introduction
00:58 Today’s topic: Case Study of a 70 Year Old With $1.5 Million In The Stock Market
02:42 Why the stock market isn’t a good choice as your emergency opportunity liquid account, growth account or income account
03:52 First thing is to divide the money up and create an emergency opportunity fund
05:45 Strategy for passing money to the next generation without tax implications
07:23 Ideas for getting more monthly income
09:39 In this case study the number one long term problem is beating inflation
11:10 A million dollars is not a million dollar anymore
12:00 Longevity is another challenge because money didn’t have to last as long when we died at age 65
Summary:
Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel take another listener question and create a case study of a 25 year old. They discuss the two most important financial strategies for people early on in their careers.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Get the free ebook and audiobook - Financial Planning has FAILED
The Surprising Business Financing Secret of Top Entrepreneurs blog post
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Introduction
00:30 Today’s topic: 25 Year Old College Graduate Case Study
01:33 Saving money is the first thing to do
02:42 The best way to get in the habit of paying yourself first
04:27 Advantages of starting early with your savings and policies
05:19 Strategies for rolling over your 401k into a self directed IRA
08:13 The two most important financial strategies for a 25 year old
09:43 Growing wealth through life insurance
10:59 Grab the Prosperity Accelerator Pack at www.partners4prosperity.com/ebook
Summary:
Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel cover a listener question of what to do when you have a million dollars. They give several case studies on how to protect the money and what to do with it to make it grow.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Get the free ebook and audiobook - Financial Planning has FAILED
Submit your questions hello@partners4prosperity.com email subject line: Million Dollar Podcast
Show Notes:
00:00 Introduction
00:38 Today’s topic: 1 Million Dollar Question
02:41 Listener question of what to do with your first million
03:25 What does it mean to be a millionaire?
05:55 How much debt you should pay off if you had $1M
07:03 After inefficient debt is paid off there is something more important to do before you invest
08:43 How to protect yourself by buying your own disability coverage
10:01 Taking advantage of your insurance policy while still alive
10:50 Create extra cashflow and save it to protect yourself from emergencies
11:59 Does it make sense to put money in an annuity?
14:17 The argument of net worth vs cash flow
16:01 Putting money into life settlements
17:09 If you want more information on how to use cash flow from life insurance, bridge loans or life settlements email hello@partners4prosperity.com with the subject line: Million Dollar Podcast
18:21 Case study for a 59 ½ year old
19:45 Inflation is one of the biggest detriments for retirees. Kim explains how to beat inflation.
Summary:
Kim Butler and No B.S. Money Guy Todd Strobel talk about how to separate information from wisdom and the critical step of taking action and avoiding analysis paralysis.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Get the free ebook and audiobook - Financial Planning has FAILED
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Introduction
00:32 Today’s topic: Real, Raw and Relevant
01:05 A lot of people are sitting on the fence with estate planning and investments
01:24 It’s so important that we take action and avoid analysis paralysis
04:03 How to separate information from wisdom
06:08 Special gift for podcast listeners Financial Planning has FAILED ebook
07:53 The 3 components in the alternative investment space
09:35 Let’s start feeding our brains with mental nutrition
14:02 There’s a much better use of time than worrying about what will happen in the marketplace
16:21 The Partners 4 Prosperity structure requires us to put the client's best interest first
Summary:
Your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about a Money Magazine article that addresses saving, investing, and career moves that applies to couples of all ages. Together they talk about 401k’s, paying off mortgages, and creating independence for children.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Your host No B.S. Money Guy Todd Strobel talks with Jimmy Vreeland from Joint Ops Properties. Together they discuss lease option real estate investments and what is currently happening in the investment real estate market.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Summary:
Listen to your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about the downside of financial planning and how to create a better financial future by following the 7 Principles of Prosperity.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Get the free ebook and audiobook - Financial Planning has FAILED
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Introduction
00:30 Today’s topic: Why We Don’t Do Financial Planning
01:06 What do you do instead of financial planning?
02:25 A business plan should be no longer than 3-5 years, yet we’re still trying to plan our lives financially in 30-40 year increments.
03:25 Why Todd doesn’t do financial planning
05:45 Averages do not equal actual dollars. Don’t believe in the assumptions.
07:12 Principles are more effective than planning
07:51 Looking at the 7 Principles of Prosperity
08:27 When you get serious about handling your finances is when you want to start your savings program
10:22 The history of financial planning in this ebook www.partners4prosperity.com/ebook
Summary:
In this episode your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about getting all the profits from a mutual life insurance company and the differences between a mutual life insurance company and a traditional stock company.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Get the free ebook and audiobook - Financial Planning has FAILED
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Introduction
00:30 Today’s topic: How Can There Be More Than All?
00:44 Getting all of the profits from a company you are working with
02:20 Todd explains how you get all the profits from a mutual life insurance company
03:44 The difference between a mutual life insurance company and a bank
04:22 Dividends are paid to policyholders
06:32 Why life insurance companies continuously pay dividends even when other institutions fail
09:11 How long can life insurance companies stay in business under their current model?
10:34 As a business owner do you want to be involved in something for the short run or long run?
11:42 Comparing a dividend payment from a mutual life insurance company from a regular stock company
14:34 Index policies have caps and expenses and they’re not something for nothing
Summary:
Business owners are constantly thinking of how to grow their business and that is often tied to raising capital. Today, Kim Butler and No B.S. Money Guy Todd Strobel share different strategies on how to use whole life insurance to grow a business.
talks with guest Sam Denton from Denton Wealth Strategies. Together they approach the topic of student loan debt with a focus on the best ways to help medical professionals tackle their student loan debt.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Get the free ebook and audiobook - Financial Planning has FAILED
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Introduction
00:29 Today’s topic: How To Use Whole Life In Your Business
01:00 Walt Disney and Ray Kroc both used life insurance in their businesses
03:04 Real Estate and construction companies using whole life to grow their business
05:04 How borrowing against the life insurance doesn’t impact the growth
06:29 How to get business loans even when you don’t have a tradional credit line
07:57 The effectiveness of the cash value continuing to grow when borrowing against it
09:09 Direct recognition vs non direct recognition and what it means
11:06 Within the next 7 years will there be an opportunity to grow or save your business with an injection of cash?
12:31 Kim’s opinion on buying life insurance policies on employees
13:55 Setting up a 401k company match vs insurance policies
Summary:
In this special episode No B.S. Money Guy Todd Strobel talks with guest Sam Denton from Denton Wealth Strategies. Together they approach the topic of student loan debt with a focus on the best ways to help medical professionals tackle their student loan debt.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Get the free ebook and audiobook - Financial Planning has FAILED
Submit your questions hello@partners4prosperity.com
www.dentonwealthstrategies.com/debtreduction
www.studentdebtloanhero.com
Show Notes:
00:00 Introduction
00:24 Special guest interview with Sam Denton of Denton Wealth Strategies
03:16 Over 43 million people have student loan debt with many doctors over $180k
05:11 The first step is to start saving and be in control of your money
07:04 Offensive and Defensive approach to student debt
09:19 Understanding the difference between inflationary vs non inflationary
11:22 How the student loan bubble will impact our economy
12:39 Why Doctors can benefit the most from approaching student loan debt correctly
14:51 Visit www.studentdebtloanhero.com and www.dentonwealthstrategies.com/debtreduction
Your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about different strategies and benefits to having savings. Kim shares her family savings plan and together they discuss how to create the discipline of savings.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Summary:
Today your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about the money myth of borrowing against life insurance without ever intending to pay it back. In this episode you’ll see the power of life insurance loans and get an idea on how you could use this financial vehicle in your life.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Get the free ebook and audiobook - Financial Planning has FAILED
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Introduction
00:28 Today’s topic: The money myth of borrowing against a cash value life insurance policy without intending to pay it back.
01:59 How the strategy of not paying off cash value policies came about
04:27 What happened in 2008 that changed how we look at cash value policies
05:57 Why life insurance loans are so attractive
07:08 The shocking difference between taking a loan from a bank and borrowing against life insurance
09:18 Real Estate fix and flip case study example
10:49 How opportunity will seek you out if you have a position of cash
11:26 Should you overfund a life insurance policy if you have a lot of credit card debt?
14:04 Resources for more information about life insurance loans at www.partners4prosperity.com/ebook
Summary:
With the negativity of news it feels like our current economic situation is all doom and gloom, but is it? In today’s episode Kim Butler and No B.S. Money Guy Todd Strobel sit down and talk about the things we can control and the actions we can take. They dive into 401k options and even talk about food storage and growing food with heirloom seeds.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Get the free ebook and audiobook - Financial Planning has FAILED
Submit your questions hello@partners4prosperity.com
Website www.essentialseeds.us for heirloom seeds
Show Notes:
00:00 Introduction
01:16 Today’s topic: What can we control and what should we worry about?
01:49 You can control your thinking and actions which direct your finances
02:15 How to stop worrying about the stock market
02:50 Ask your 401k provider about an in-service withdrawal
03:55 Employment concerns in this current economy
04:47 How to make yourself more valuable in the marketplace
07:32 Tips Kim learned from Elon Musk’s book
09:01 The advantages of reading books and listening to podcasts
10:53 Are you worried about the Federal Reserve? Here’s what to do.
13:29 Listeners help: What ideas do you have about revitalizing a neighborhood for neighborhood food growing?
Summary:
Your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about a case study of a 51 year old female who owns real estate, has some cash on hand and is making decisions on what to do with her money for the remainder or her life.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Get the free ebook and audiobook - Financial Planning has FAILED
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Introduction
00:29 Today’s topic is the Great American case study
01:42 Case Study of 51 year old female
03:15 To get a clear picture you need to determine your longevity and health
04:33 Determine your risk tolerance to get an idea of your rate of return
05:53 The #1 rule is we must protect principle
06:03 The #2 rule is we must grow investments higher than inflation
06:54 Tips so you don’t erode principle
07:52 Specific recommendations for this American case study
09:09 Setting aside an emergency and opportunity fund
11:05 Taking $5,000 per year of the $50k fund and put it into a whole life policy
12:26 What to expect with the death benefits
Summary: In this episode Kim Butler and No B.S. Money Guy Todd Strobel sit down and talk about another financial myth that even affects some financial advisors. Kim and Todd share the 3 mistakes people make around the calculations of finances.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Links in this Episode:
Grab your free ebook Busting the Interest Rate Lies for more details
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Introduction
00:30 Today’s topic is addressing the Financial Myth - Finding Miscalculations
02:09 The 3 mistakes people make around the calculations of finances
02:34 Mistake #1 - Trying to Make Financial Calculations with a Traditional Calculator
03:39 Look for additional calculator functions that provide future value, present value, time, rate and payment
07:17 Mistake #2 - Time Value of Money
07:42 Anytime you have dollars doing anything greater than one day's work you have a time value issue
09:14 Time value of money is essentially applying an interest rate to your calculation
10:43 For more information on how this works look at the ebook: Busting the Interest Rate Lies
10:51 Mistake #3 - Misunderstanding and Misstating Timeframes
In this episode Kim Butler and No B.S. Money Guy Todd Strobel sit down and talk about another financial myth that even affects some financial advisors. Kim and Todd share the 3 mistakes people make around the calculations of finances.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Today’s episode comes from a listener question where Kim Butler and No B.S. Money Guy Todd Strobel sit down and address the topic of life settlements. They share some of the confusing terms and address common questions.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
In this episode Kim Butler and No B.S. Money Guy Todd Strobel sit down and talk about building a team of trusted advisors that can manage your financial affairs. This topic conversation comes from a recent issue in the AARP magazine.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode.
Kim Butler and no B.S. money guy Todd Strobel sit down and talk about the money myths that float around in the financial world and one of those biggest myths is that the government wants to build people's wealth. Anyone with a 401k will hear about the government's true objective and see the potential risk on the horizon.
Tune in to find out how to take control of your finances today. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Summary:
Best-selling author Kim Butler and No BS money guy Todd Strobel talk about money myths in particular whether or not it is a good idea to “self-insure” if you have enough money. Kim asks why it is that insurance companies provide more for you if you have more wealth, when society thinks you should have less? And finally Kim and Todd discuss the difference between gross and net worth insurance coverage.
Tune in to find out how to take control of your finances today. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Links in this Episode:
Get the free ebook and audiobook - Financial Planning has FAILED
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Introduction
00:43 2 questions: can you self-insure? And should you self-insure?
02:35 Life insurance is not necessary. Especially if you have built up enough assets
06:34 Kim asks why is it that insurance companies will provide more if you have more wealth, yet our society thinks you should have less?
08:36 Life insurance runs things completely different from any other insurance-- it’s need-based
08:58 Gross worth vs Net Worth insurance coverage
09:39 The answers to if you should self-insure, and can you?
12:15 The income tax free benefits of life insurance
Summary:
Best-selling author Kim Butler and no B.S. money guy Todd Sterobel talk about how to convert a traditional IRA to a Roth IRA. They discuss the Who, Why, and How to convert. They also talk about certain situations in which converting to a Roth IRA would not be beneficial. There are several advantages of converting to a Roth IRA that Kim and Todd discuss in detailed, yet simple and clear terms.
Tune in to find out how to take control of your finances today. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Links in this Episode:
Get the free ebook and audiobook - Financial Planning has FAILED
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Introduction
01:02 There is no income requirement for converting a traditional IRA over to a Roth IRA
01:26 Kim answers the how, why, and who the Roth IRA is a good strategy for
01:56 The Who: converting can be beneficial if you have the dollars to pay the tax that are going to be due
03:06 Converting is good for people who believe that taxes are going up, that want to access the Roth IRA tax laws, and have extra cash sitting around
03:47 Yes, you can do a partial conversion
04:38 If Hillary Clinton’s plan goes through all loopholes may be cut so this might be your only time to convert to a Roth IRA
05:02 People are believing that taxes are going to go up-- it would be beneficial to go ahead and pay the taxes now and put those tax dollars into a Roth IRA and you would not pay taxes on it in the future
06:13 The Why: You have enough dollars TODAY that you are willing to pay the tax with. You may want to even take a lower income this year and convert to the Roth IRA and because you are in a lower tax bracket, you pay lower taxes on the IRA conversion
07:19 Todd makes a point that those parents sending their kids off to college and trying to receive financial aid, may NOT want to convert to a Roth IRA as having that extra income could affect that negatively
07:47 Kim talks about the advantages of the Roth IRA-- it’s like the old adage: Roth IRA law is like paying taxes on the seed, and not on the harvest
08:42 One of the differences between a traditional IRA and Roth IRA is that a traditional IRA pays taxes at distribution, whereas a Roth IRA does not
08:59 The How: There’s 2 ways-- 1. A simple conversion just requires paperwork 2. Get a discount for that conversion in other words, get taxed on a lesser dollar amount
11:12 There are no penalties for converting to a Roth IRA
12:41 Special email for podcast listeners only is: hello@partners4prosperity.com get the ebook at partners4prosperity.com/ebook audio version available also
Summary:
In this fun and resourceful episode Kim Butler and no B.S. money guy Todd Strobel sit down and talk about the mental nutrition and routines we have in our lives for consuming information and sharpening our minds. Together they share some of their favorite news sites, books, podcasts and much more.
Tune in to find out how to take control of your finances today. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Links in this Episode:
Get the free ebook and audiobook - Financial Planning has FAILED
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Introduction
00:28 Today’s topic - Your News Diet and Your Mental Nutrition
02:27 How Kim gets news and information
04:05 The bulk of news is negative news
05:20 Be very careful of how you feed your brain
05:35 Kim’s first pick is Christian Science Monitor
06:07 Todd’s first pick is Audible.com
07:40 The podcast The Kind World Podcast
09:27 Positive and uplifting news The Good News Network
10:27 AARP.org inspiring stories for baby boomers
11:23 GrowingBolder.com hope and inspiration
12:55 Book Disrupt Aging by Jo Ann Jenkins
14:20 Book Quiet by Susan Cain
14:41 Share your favorite books and resources with us at hello@partners4prosperity.com
15:17 Audiobook Learning How to Avoid the Gap by Dan Sullivan
Summary:
Can employing your kids be a tax advantage? In this episode Kim Butler and no B.S. money guy Todd Strobel sit down and talk about how employing children can offer several tax benefits and teach them the value of money. Children can do menial or low-skilled work and get compensated and you can benefit with tax breaks. For you to implement this in your financial strategy you will want to consult with your CPA or advisor and follow the guidelines presented by the IRS
Tune in to find out how to take control of your finances today. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Links in this Episode:
Get the free ebook and audiobook - Financial Planning has FAILED
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Introduction
00:29 Today’s topic: Taxes; and how to lower your tax bill
01:16 If tax money could be put back into your business, where would it do the most good?
01:54 Kim Butler: firm believer in paying someone else to do the work
02:32 Employ your kids so they learn the value of work and money (check with your CPA first)
3:45 Getting your kids to help work in your business may help solve family dynamics if they have their own money
4:14 Todd’s idea: using your kid’s pictures in marketing
5:34 Talks about teens having their own money, learn how to make their dollar stretch
6:39 Kim’s ideas on what work kids and teens can do and in turn make them more independent financially
8:03 It’s a win-win from a business point of view, child’s point of view, and parent’s point of view, and job market point of view
9:18 Make sure you stay in line with the law when employing children
10:20 Send in questions or comments
Summary:
Most market expectations are based on information from the past. That alone won’t cut it anymore since we live in an economy that advances by nanoseconds with bots and bytes of information. In this episode Kim Butler and no B.S. money guy Todd Strobel sit down and talk about rearview mirror investing and share one of the key principles of prosperity.
Tune in to find out how to take control of your finances today. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Links in this Episode:
Get the free ebook and audiobook - Financial Planning has FAILED
Submit your questions hello@partners4prosperity.com
Show Notes:
00:00 Introduction
00:29 Today’s topic: Rearview Mirror Investing
00:56 “Pilots don’t use rearview mirrors” famous quote by Joel Weldon
01:47 Investing and trading happens in millionths of a second
02:58 Why the stock market did so well over the last 20 years
04:00 Why do you think we are so hung up on history as it relates to our investments?
04:21 Focus on what you can control
05:00 If you cannot control a particular marketplace you have no business investing in that company in the stock market
05:24 The reasons why Warren Buffett and Donald Trump win in the market
07:10 The 401k and baby boomers have completely changed the marketplace
10:09 The distinct difference between an asset that is growth oriented and an asset that is income oriented
10:41 Start your knowledge about the new economy in this free ebook Financial Planning has FAILED
12:50 Ask a question for the podcast hello@partners4prosperity.com
Summary: If you have money tied up in a 401k, 403b or a 529 plan then you will be shocked to hear about the regulations and restrictions placed on your money. Kim Butler and no B.S. money guy Todd Strobel sit down and talk about the important prosperity values of maintaining control and simplicity. Tune in to find out how to take control of your finances today.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Links in this Episode:
Get the ebook - Financial Planning has FAILED
Show Notes:
01:25 Talking about 401k, 403b and 529 plans
03:23 Giving up control is a major prosperity violation
04:20 Savings should be a guarantee and not fluctuate
04:47 Every 529 plan has the amount of money put in and the growth has been destroyed
06:18 Sometimes it's worth paying the penalty for the freedom of your money
06:50 What do you think the government's goal is?
10:34 Control and simplicity are important things to seek out in your investments
12:47 Your money needs to do 3 these three things
Summary: Should you get a conventional mortgage or a jumbo loan? In this episode Kim Butler and no B.S. money guy Todd Strobel sit down and talk about the advantages of a 30 year mortgage and see numerically what makes sense in the long run.
Tune in to find out how to take control of your finances today. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Links in this Episode:
- Financial Planning Has Failed Ebook
- Busting Interest Rate Lies
Show Notes:
00:00 Intro
00:51 What Are Jumbo Loans & Are They Actually Bad?
01:15 What Do You Need to Know About Jumbo Loans?
04:11 Is It Worth it to Pay the PMI or Should You Put 20% Down?
07:07 Jumbo Rate vs. Conventional Rate Mortgage
12:45 Proving Numerically that a 30 Year Mortgage is More Efficient
13:41 Should You Work Toward Refinancing?
15:36 Should You Keep Your Equity in Your House?
18:18 Outro
Summary: Retirement planning is huge in the financial industry! But is it actually a good idea? Today our hosts, best selling author Kim Butler and no B.S. money guy Todd Strobel sit down to talk about the idea of “planning your retirement” and why you should avoid it all costs. They discuss the harms of trying to plan your financial future, and the alternatives to financial planning that provide the most financial security and return. Tune in to find out how to take control of your finances today.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Links in this Episode:
- Financial Planning Has Failed Ebook
- Busting Interest Rate Lies
Show Notes:
00:00 Intro
00:42 Discussing the Concept of Retirement
03:02 What's Wrong With "Planning" Retirement
06:44 What Can You Do Instead of Retirement?
08:51 How Crucial It Is to Save
09:50 Resources
10:39 Why Financial Decisions Should Be Simple & Made By You
11:41 Outro
Summary: What’s so great about compound interest? Our hosts Kim Butler and Todd Strobel think not as much as you think. For today’s podcast, we sit down to discuss more financial planning industry lies - this time lies about compound interest. They talk about the importance of opportunity cost, how compounding is making problems worse, and how to be smart with your taxes and investments. Tune in to find out how to take control of your finances today!
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Links in this Episode:
- Financial Planning Has Failed Ebook
- Busting Interest Rate Lies
- Dalbar
Show Notes:
00:00 Intro
00:54 Lies that the Financial Planning Industry Promotes
01:07 What's So Great About Compound Interest?
02:53 The Importance of Opportunity Cost
05:51 Compounding is Making the Problem Worse
09:56 Being Smart With Taxes & Investments
13:00 Different Types of Investment & Savings Vehicles
15:06 Outro
Summary: Today our hosts, best selling author Kim Butler and No B.S. money guy Todd Strobel continue to talk about lies and myths within the financial planning industry! They discuss the fallacy of the “average” rate of return, and explain why no one actually receives this amount. They also talk about the difference between savings, investments...and gambling. Tune in to find out how to take control of your money today!
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Links in this Episode:
- Financial Planning Has Failed Ebook
- Busting Interest Rate Lies
- Dalbar
Show Notes:
00:00 Intro
00:38 More Financial Planning Myths & Lies
00:48 An Average Rate of Return Versus An Actual Return
04:12 Why You Should Never Store Wealth on the Stock Market
05:32 Why Do People Think Stocks are the Only Investment?
09:13 Why a Higher Rate of Risk Does Not Produce a Higher Rate of Return
11:06 What Else Can You Invest in Other Than Stocks?
13:15 Resources
15:03 Outro
Summary:
Should you be prepaying your mortgage or getting a 15 year mortgage instead of a 30 year mortgage? Today our hosts best selling author Kim Butler and co-host Todd Strobel sit down to tackle one of the most pervasive lies in the financial industry: you should be trying to pay down your house as soon as possible. They talk about the flaws that home equity has as an asset, alternative places to store your money, and the value of peace of mind. Tune in to find out how to take control of your finances today!
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Links in this Episode:
- Financial Planning Has Failed Ebook
- Busting Interest Rate Lies
Show Notes:
00:00 Intro
00:44 Prepaying Your Mortgage & 15 Year Vs. 30 Year Mortgages
01:41 Why Prepaying Your Mortgage is Not the Answer
02:30 Why Home Equity May Not Be the Right Asset for You: The CLUE Test
06:27 What About Interest?
08:24 Busting the Interest Rate Lies
09:39 The Times When Peace of Mind Overrides the Financial Decision
10:32 How to Compare a 30 Year to a 15 Year Mortgage
14:32 What is a "Run Rate"
15:39 Resources
16:34 Outro
Summary:
Today our hosts, No B.S. money guy Todd Stroble and best-selling author Kim Butler talk about the financial planning lie of “buying term and investing difference”, why this concept is fallacious and what some good alternatives are. Tune in to find out how to take control of your money today!
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Links in this Episode:
- Financial Planning Has Failed Ebook
- CreateSpace
Show Notes:
00:00 Intro
00:24 Addressing More Financial Planning Lies
00:32 Buying Term & "Investing the Difference"
02:11 What is the Most Profitable Product to the Life Insurance Agent and Company?
06:01 Why Whole Life Insurance is Better for the Client than Term Insurance
07:32 99.5% of Life Insurance Premiums Never Pay a Death Benefit
11:24 Using Insurance As a Savings Equivalent
11:37 Why Not all Term Policies Are Equal
14:45 Resources for Listeners
16:39 Outro
Summary: How much of the typical financial planning “wisdom” is actually a lie? Today our hosts best selling author Kim Butler and co-host Todd Strobel sit down to try and unpack some of the most common lies in the financial industry. They discuss whether bonds are actually a safe place to store your money, and whether or not “savings” and “investments” are the same thing. Tune in to learn how to take control of your money and your financial future.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Links in this Episode:
- Financial Planning Has Failed Ebook
- CreateSpace
Show Notes:
0:00 Intro
0:42 List of Financial Planning Lies
2:37 Lie #1: Saving & Investing Are The Same Thing
6:34 When You Should Be Saving vs. Investing
13:06 Lie #2: Bonds Are the Place to Store Your Safe Money
19:10 Cash Value of Whole Life Insurance as a Safe Place for Money
20:40 Outro
Summary: Today on the Prosperity Podcast, best selling author Kim Butler and co-host Todd Strobel tackle a tough but important question: how to teach your kids about Prosperity economics & finances. They talk about how our own attitude about money can affect our children, and how to install in them the positive values of hard work and perseverance.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Links in this Episode:
- Financial Planning Has Failed Ebook
- Prosperitypeaks.com (Website for Consumers)
- Prosperityeconomicsadvisors.com (Website for Advisors)
- Kim Butler’s Amazon Author Page
Show Notes:
0:00 Intro
0:27 How Do You Introduce the Principles of Prosperity Economics to Your Children?
3:10 Stop Limiting Thinking to Show a Prosperity Mindset
8:01 Using Money to Teach Values
10:09 What About Allowances?
14:39 Supporting the "How" Around Prosperity Economics
16:38 The Concept of Giving Away Money
18:18 Resources for Learning About Prosperity Economics
19:33 Outro
Summary: Today on the Prosperity Podcast one of our hosts, No B.S. Money Guy Todd Strobel sits down to discuss best selling author’s Kim Butler’s background and goals. Kim and Todd talk about Kim learning about money, finances, and hard work at early age when her father bought her a cow! They also discuss how she became a financial advisor, and when she realized typical financial planning was not working for her clients.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Links in this Episode:
- Financial Planning Has Failed Ebook
- Prosperitypeaks.com (Website for Consumers)
- Prosperityeconomicsadvisors.com (Website for Advisors)
- Kim Butler’s Amazon Author Page
Show Notes:
00:00 Intro
00:35 Who is Kim Butler, Where Did She Come From, Why Did She Decide to Be Where She is Today?
01:22 What's Your Background, Where Did This All Start?
09:24 Taking Personal Responsibility Once You Know the Truth
12:23 What is Your Goal?
15:28 Outro
Summary: What is the Prosperity Economics Movement, and where is it going? Today the hosts of the Prosperity Podcast, best-selling author Mary Juetten and No B.S. Money Guy Todd Strobel sit down to discuss the movement that Kim started. They talked about why she named it the prosperity economics movement, what it’s for, and where they think it’s going. Tune in to find out how you can take control of your finances and achieve prosperity for you and your family!
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Links in this Episode:
- Financial Planning Has Failed Ebook
- Prosperitypeaks.com (Website for Consumers)
- Prosperityeconomicsadvisors.com (Website for Advisors)
Show Notes:
00:00 Intro
00:32 Kim Butler's Non Profit Movement
00:46 The Prosperity Economics Movement
02:11 Typical Financial Planning
04:11 Why "Prosperity" and "Economics"
07:10 The Concept of Abundance
08:48 Where is Prosperity Economics Going?
13:00 Outro
Summary: Today our hosts, best-selling author Kim Butler and No B.S. Money Guy Todd Strobel sit down to talk about the company that Kim started, Partners for Prosperity. They discuss the meaning of the company’s name, it’s purpose, their philosophies as advisors, and the importance of keeping curious & taking baby steps. Tune in to find out more about how to take control of your financial future and ensure yourself and your loved ones prosperity!
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Links in this Episode:
- Financial Planning Has Failed Ebook
Show Notes:
00:00 Intro
00:33 Partners For Prosperity: Where The Company Came From & What It Stands For
01:05 The Origin of the Name "Partners for Prosperity"
02:30 The Purpose of Partners For Prosperity
05:04 Are You A Better Advisor Today Than A Year Ago?
08:14 Asking Questions, Keeping Curious, and Taking Baby Steps
12:32 Resources for Listeners
14:17 The Importance of An the Opportunity Aspect of Building Cash
16:55 Outro
Summary: What are the top financial concerns people have today? And what are their solutions? Today our hosts, best selling author Kim Butler and No B.S. Money Guy sit down to address people’s top eight financial concerns. They discuss out of control spending, the rising costs of higher education, not having an emergency fund, steep housing prices, overwhelming debts, the volatility of the stock market, and lack of a financial plan. Tune in to find out how to take control of your finances today!
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Links in this Episode:
- Financial Planning Has Failed Ebook
Show Notes:
00:00 Intro
01:11 The Top 8 Financial Concerns on the Internet
01:33 1. Out of Control Spending
03:31 2. Planning for Retirement
05:45 3. The Rising Costs of Higher Education
07:55 4. No Emergency Fund
10:44 5. Steep Housing Prices
13:17 6. Overwhelming Debts
15:48 7. The Volatility of the Stock Market
18:04 8. Lack of Financial Plan
21:26 Outro
Summary What is the secret to attracting wealth into your life? Would you believe that it starts as simple as changing your thoughts? Today our hosts, Brett Kitchen and Ethan Kap, sit down to talk about the number one principle of wealth attraction. They talk about how our thought patterns, and the thought patterns of those around us, influence who we are and who we become.
Tune in to Wealth Beyond Wall Street every week to learn more about creating passive wealth, enjoying your work, and finding financial freedom. Also, don’t be scared to tap into Brett and Ethan’s wealth of financial experience and send them your questions here.
Show Notes
00:00 Intro
01:36 Secret of Attracting Wealth Into Our Life
03:01 Changing Your Thoughts to Attract Wealth
04:14 Understanding the Human Psyche
06:46 Bring Positive Self Talk Into Your Everyday Conversations
08:30 Believe in Yourself
11:11 Outro
Summary: Today our host, best selling author Kim Butler and No B.S. Money Guy Todd Strobel sit down to talk about guaranteed whole life insurance, what it is, and how it works. They discuss the problem with instant policies and “deals” (aka tradeoffs). They also talk about when guaranteed whole life policies are a good thing and how to get life insurance when you are at an older age, and/or medical disabilities or health problems.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Links in this Episode:
- Financial Planning Has Failed Ebook
Show Notes:
00:00 Intro
00:35 Talking About Guaranteed Whole Life
02:11 What A Guaranteed Whole Life Policy Is
04:30 Problems with Instant Policies & "Deals"
05:55 When Are Guaranteed Whole Life Policies a Good Thing
08:26 Getting Life Insurance at an Older Age or with Medical Disabilities/Health Problems
09:28 Resources
10:49 Outro
Summary: The millennial generation have learned to distrust so much of what they see: they don’t believe the hype or the marketing and they’re wearing of ending up in the same place financially as their parents. Today our hosts, best selling author Kim Butler and No BS Money Guy Todd Strobel, sit down to talk about best practices millennials should be following to keep their money safe and set themselves up to be in a good place, financially, years down the line.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Links in this Episode:
- Financial Planning Has Failed Ebook
Show Notes:
00:00 Intro
00:37 Talking about Millennials
01:18 Do Your Own Research
06:10 Getting Clear on the Concept
06:57 Investing in Your Own Education
08:13 Learn How You Learn
10:18 Simplicity and Clarity
12:39 Send Us Your Questions
13:37 Outro
Summary: Finding the right financial advisor is an extremely important step to taking control of your money. Today, our hosts best selling author Kim Butler and No BS Money Guy Todd Strobel talk about taking the right steps to finding a good financial advisor. They talk about principles and philosophy, strategy, licensing, and product. Tune in to find out how to take control of your financial future today!
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Links in this Episode:
- Financial Planning Has Failed Ebook
Show Notes:
0:00 Intro
0:59 Choosing a Financial Advisor
2:22 Getting Clear on their Principles and Philosophy
2:42 Checking their Licensing
4:34 The Fiduciary Standard & The Suitability Standard
6:41 Evaluating their Products
8:36 Paying for Advice
9:47 Separating Marketing from Fact
12:58 Outro
Summary: In the last episode, our hosts, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talked over how to choose a life insurance company. In this episode, they talk about how to choose a life insurance agent. They discuss what to look for in an agent, what to be wary of, how to think about commissions, and how to determine “objectivity”. Tune in to learn more about your finances and find out how to take control of you money!
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
00:00 Intro
00:39 How to Choose a Life Insurance Agent
02:26 What is it that You're Really Looking For?
05:00 Putting Your Money Where Your Mouth Is
05:11 Proving What You're Talking About
06:04 Being Able to Understand Your Advisor's Philosophy
08:39 Compensation & Savings for the Client
10:16 Answering Your Questions Directly
12:22 How Important is it That Your Agent Has a Web Presence?
16:20 Additional Resources
- Financial Planning Has Failed
Summary: When it comes to whole life insurance, does it matter what company you buy from? The answer is both yes and no. Tune in today as best selling author Kim Butler and No BS Money Guy Todd Strobel talk about which questions are, and are not, important when it comes to whole life insurance.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
00:00 Intro
01:01 Whole Life Insurance: Focusing on the Wrong Things
01:25 Typical Whole Life Questions
03:49 Mutual Companies versus Stock Companies
08:47 What About Ratings Assigned to Companies?
13:08 Finding a Company or Companies to Work With
17:40 Outro
Summary: Today on the Prosperity Podcast our hosts, best selling author Kim Butler and No BS Money Guy Todd Strobel sit down to talk about Fixed Indexed Annuities. They talk about the benefits and drawbacks of Fixed Indexed Annuities, how they work, and who sell them. They also discuss the importance of knowing exactly what you want out of your money and finding the right vehicle for that purpose.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
00:00 Intro
00:39 Fixed Indexed Annuities
02:54 How Fixed Indexed Annuities Work
06:09 The Problem of Liquidity with Fixed Index Annuities
06:27 Fees Associated with Fixed Index Annuities
07:32 What Goals Do You Have for Your Money?
13:39 The Fifth Principle of Prosperity: Control
15:23 Outro
Summary: Many people respond very emotionally to the idea of a reverse mortgage. On this episode of the Prosperity Podcast, best selling author Kim Butler and No BS Money Guy Todd Strobel sit down to talk about what a reverse mortgage is and what the benefits and drawbacks are. They also discuss the benefits of combining both a reverse mortgage and life insurance to maximize benefits. Tune in to find out how you can take control of your finances and become a more educated banker and consumer.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
00:00 Intro
00:49 Reverse Mortgages
01:24 Quicken Reverse Mortgage Department
The Quicken employees are specifically trained to work with prosperity clients on reverse mortgages:
- Call 888-500-7210
03:57 Combining Life Insurance with a Reverse Mortgage
06:45 The Mechanics of the Reverse Mortgage
11:11 Purchasing Life Insurance for Your Family
15:25 Outro
Summary: Saving for retirement can be hard, especially as life spans get longer. In fact, a lot of people lose most or all of their assets by not properly preparing for a long term care situation. They might even plan for the right number of years, but not for the cost of their medical expenses. Today best selling author Kim Butler and No B.S. Money Buy Todd Strobel talk about several different ways we can prepare for long term care and still maintain control of our money and follow the seven principles of prosperity.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
0:00 Intro
0:35 Asset Based Long Term Care
1:09 Long Term Care Riders in Whole Life Policies
2:21 Asset Based Long Term Care formed with An Annuity
4:13 Looking at Your Situation Wholistically
7:51 Seven Principles & Long Term Care
14:18 Outro
Summary: Today’s topic is something that a lot of people might not understand completely - the multiple uses of paying life insurance premiums. Best selling author Kim Butler and No BS Money Guy Todd Strobel clarify and explain just how pay your life insurance premium works, when you can stop, what that money really does and goes toward, and the flexibility that minimum and maximum pay depositions allow. Tune in today to learn more about whole life insurance and take control of your financial future!
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
0:00 Intro
0:44 Multiple Uses of Paying Life Insuraance Premiums
1:29 When Can You Stop Paying Your Premium?
2:50 What Happens When You Pay Your Premium?
6:22 The Importance of the Annual Break Even
7:55 How Premium Builds the Death Benefit
11:45 Minimum & Maximum Pay Depositions
17:34 Peace of Mind that Comes with Whole Life Insurance
18:29 Where to Go for More Information
19:18 Outro
Summary: How are you saving your money? Do you withdrawal money from your saving account, then pay yourself back later? What if you left that money in your account and let it grow and borrowed against that instead? Most people don’t figure this out until much later in life, but doing so allows you to take advantage of the value of uninterrupted compound growth. Today’s episode is a little bit more technical, but very important. Tune in to find out how to take control of your finances and keep your money safe!
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
0:00 Intro
0:39 The Value of An Uninterrupted Compound Interest Curve
2:33 The Importance of Borrowing Against Your Savings
5:21 Why It Matters What You Do With the Money
9:37 Outro
Summary: What is the value of good health? Probably not something we can measure! However, the effect of certain healthy habits (and lack of unhealthy ones) can have a measurable effect on your finances! Today Kim Butler and Todd Strobel sit down to talk about the financial value of healthy living, and the best ways to incorporate healthy practices into your lifestyle, to not only feel better but increase your net worth!
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
00:00 Intro
00:45 The Value of Good Health
02:20 Sleeping and Salary Increase
09:12 Exercise and Higher Pay
12:00 Smoking’s Effect on Your Finances
15:31 Managing Stress
18:11 Outro
Summary: Today’s episode covers a very specific situation, however, if you have or plan on purchasing a whole life policy, this very well may be a situation that you run into. Best selling author Kim Butler and co-host Todd Strobel sit down to talk about the best way to repay debt on loans against a permanent life insurance policy. They talk about the various reasons a loan may have been made, including hard financial times - and then they discuss how to optimize the repaying of this loan. Tune in to learn more about taking control of your financial future and keeping your money safe.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
0:00 Intro
0:34 How To Repay Debt on Loans Against a Permanent Life Insurance Policy
1:26 Investigating a Case Study
8:03 Why the Loan Must Be Paid Before Making More Than Minimum Pay Deposition
11:53 What Else Can Be Done to Reduce the Outlay on the Policy
13:34 What Strategies Can Be Used to Anticipate Problems Setting Up the Policy?
16:42 Resources
- Financial Planning Has Failed
17:27 Outro
Summary: Approximately seven years ago, many good, profitable businesses found themselves in a bind because their line of credit was pulled by the bank, and ultimately had to shut down. Many business owners wonder if there is a way to continue to feed their business if the worst should happen to again and their access to reliable credit is cut off. Today on the Prosperity Podcast, best selling author Kim Butler and co-host Todd Strobel reach out to those trying to grow and manage their own business to discuss the importance of being able to borrow against cash value of life insurance in instances where credit is not an option.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
00:00 Intro
00:33 Reaching Out to the Self Employed
01:02 Keeping Our Doors Open With Cash Value of Life Insurance
04:41 How Do You Access Your Cash Value of Life Insurance?
07:21 The Problem With Seven Year Apnesia
07:59 What Do I Have To Do To Pay It Back?
13:15 What Could a Death Benefit Be Useful For in Business?
14:22 Should This Be Set Up as a Business Expenditure?
16:04 Outro
Summary: We all want to invest our money in profitable enterprises. Conversely, many of would also like to invest in programs and organizations that make the world a better place. Do these two goals always need to be separate? Today, our hosts best selling author Kim Butler and no b.s. Money guy Todd Strobel sit down to talk about investments that benefit the world, the investor, and the investee, or win win win investments. Tune in to find out how you can use your money to make a difference, while still keeping it safe and securing a profit!
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
0:00 Intro
0:30 Investments that Improve the World
2:40 The Importance of a Win Win Win Investment (Triple Bottom Line)
3:19 What is the Definition of a Win Win Win Investment?
3:39 How Do You Feel About Investing in Alcohol and Tobacco to Fund a Charity
4:56 Examples of Value Laden Investments
7:18 Investing Locally
10:55 The Benefits of For-Profits that Improve the World
12:36 Outro
Summary: Could low interest rates ever be a bad thing? Today our hosts best selling author Kim Butler and no b.s. Money guy Todd Strobel sit down to talk about how the federal reserve might be hurting us with low interest rates. They talk about the effect that low interest rates have on the majority of people’s retirement plans and tax deferred accounts, the effects they may have on your pension, and their effects on the life insurance business, dividends, and mutual life insurance companies. Tune in to plan for your retirement and ensure that your money is safe and profitable.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
00:00 Intro
00:44 How the Federal Reserve is Tricking Us
01:21 Why Would the Federal Reserve Lower Interest Rates?
04:18 How This Affects Pension Funds
08:15 How Are Life Insurance Companies Dealing With This?
18:22 How Life Insurance Benefits the Living
20:03 Financial Planning Has Failed partners4prosperity.com/ebook
20:56 Outro
Summary: Annuities are super safe, require a super long commitment, and they could also cost you superbly. Today our hosts, best selling financial author Kim Butler and no b.s. money guy Todd Strobel sit down to talk about annuities, and the different type of annuities available. They talk about the different reasons why financial advisors might recommend annuities and why they never recommend tax deferred, fixed or equity index annuities.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
0:00 Intro
0:43 Annuities
1:52 How Tax Deferred, Fixed & Equity Index, and Immediate Annuities Work
9:05 Alternatives to Annuities
14:43 Outro
Summary How do we get an accurate picture of our finances - not so up close that we can’t see the forest from the trees, and not so far away that we’re up in the clouds? Today, best selling author Kim Butler and no b.s. money guy Todd Strobel talk about how to get that perfect snapshot, that thirty thousand foot view, of our money. They explain what a prosperity profile sheet is, where you can go to get one, or how you can make your own! Tune in to take control of your finances and get your house in order today.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes
00:00 Intro
00:42 The Thirty Thousand Foot View
03:45 How to See the Big Picture
05:49 The Prosperity Profile - What's In It
- partners4prosperity.com
13:09
Summary: Why are so many retirees dissatisfied? Today our hosts no bs money guy Todd Strobel and best selling author Kim Butler sit down to talk about the growing number of dissatisfied and unhappy retirees. They talk about the primary importance of choosing to be happy, day to day and even minute to minute. They then turn their attention to the learning how to prepare (not plan!) for retirement, the role of fear in retirement preparation, and the importance of having cash flow. Tune in to find out more about how to set yourself up for a secure, prosperous retirement.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
00:00 Intro
00:24 Talking About the So Sad Retirees
01:14 Dissatisfied Retirees - Why is it Happening?
03:11 How to Prepare and Practice Creating a Choice to be Happy
10:02 The Importance of Cash Flow and the Role of Fear
12:12 Resources to Help
- Financial Planning Has Failed
14:48 Outro
Summary: Today on the Prosperity Podcast, our hosts, best-selling author Kim Butler and no bs money guy Todd Strobel, sit down to discuss ‘why it’s ok to stray from the 401(k)’. They talk about the difference between “saving” and “investing” and how those words have gotten confused in our everyday language. They also discuss what you should be doing with your money instead of investing in a 401(k) (not buying a jet ski!) - but putting your money in places where you have ‘CLUE’ - control, liquidity, use, and equity. Tune in to find out more about 401(k)s and how to keep your money safe.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
00:00 Intro
00:36 How it's Ok to Stray from the 401(k)
02:14 What You Should Be Doing with Your 401(k) Money
02:59 What is the Difference Between Saving and Investing?
04:27 CLUE: Control, Liquidity, Use, and Equity
10:19 How is Life Insurance Different from 401(k)s?
13:36 Being Able to Use Your Opportunity Money
15:15 Educating Yourself More
- Financial Planning Has Failed
17:00 Outro
Summary: Today on the prosperity podcast, we’d like to welcome Rhea Perry, an expert on educating your children for financial success. Rhea Perry has managed to homeschool all of her six children for financial and entrepreneurial success, by teaching them the principles of the prosperity and encouraging hands on learning. Tune in to find out more about her unorthodox teaching methods and her path to success!
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
0:00 Intro
0:22 Introducing Rhea Perry
1:01 The Benefits of Homeschooling Our Children
1:21 How Rhea Perry Homeschooled Her Children to Become Successful Entrepreneurs
- www.education4success.com
8:41 Educating Parents on Educating their Children
11:47 How to Educate Your Children for Responsible Prosperity
16:11 Outro
Summary:
Today on the Prosperity Podcast we welcome special guest Joe Pantozzi! Joe Pantozzi is the CEO and founder of Alpha Omega Wealth, a financial advising firm that specializes in privatized banking planning strategies. Joe is a seasoned professional with 30 plus years in the financial services industry dedicated to providing the highest quality service and sound advice based on thorough research. He talks about the importance of insuring your parents, something that can provided financial security and ease children and their parents through the process of caring for a loved one as and when they die.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
00:00 Intro
00:23 Introducing Joe Pantozzi
00:52 Insuring Your Parents
01:23 What Made You Think About Insuring Parents?
05:57 Are You Actually Prepared?
08:52 How Old Is Too Old For This Strategy
12:29 Creating a Hard Benefit
15:04 Contacting Joe Pantozzi
- alphaomegawealth.com
- 702-430-4400
15:48 Outro
Summary: Do you have money in a qualified plan like a 401(k) or an IRA? Are you thinking about putting money into one? If so, this episode is for you. Today, our hosts Kim Butler and Todd Strobel sit down with special guest John Cummuta to talk about the dangers that qualified plans pose to your hard earned savings. They discuss the statistics that prove qualified plans are poor places to store your money, the alternatives, and the reasons why these plans are failing us. Tune in to take control of your finances and learn more about the way money works.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
0:00 Intro
0:26 Introducing John Cummuta
1:06 How John Discovered the Problem With Qualified Plans
4:49 The System is Broken
6:44 Statistics that Show that Qualified Plans Are Broken
10:29 Why Have Qualified Plans Failed?
15:06 How to Get a John Cummuta's Banker's Secret to Permanent Family Wealth
- Text “smartestwealth” to 44422
15:59 Outro
Summary: Today on the Prosperity Podcast, best-selling author Kim Butler and our host Todd Strobel review a book they’ve both read recently, Disrupt Aging: A Bold New Path to Living Your Best Life at Every Age. They discuss the changing face of aging, and how new technologies and medicine that cause is to live longer and healthier are changing the way we think about death, dying, and the aging process. They talk about the effect that this has on financial planning and personal finance, as well as larger societal movements.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
00:00 Intro
00:29 Discussing Disrupt Aging: A Bold New Path to Living Your Best Life at Every Age
02:01 Shifting the Mindset
06:01 Products from the Financial Industry for the Aging (pg 138)
08:21 Social Security and Aging
13:02 What Is the Value of a Sabbatical Is?
17:58 Outro
Summary: Welcome to the ninety seventh episode of the Prosperity Podcast! Today we welcome special guest Tom Laune to our podcast to talk about finding financial security while self employed. Tom Luanne is the CEO of Stress Free Planning and is able to help many high profile, self employed clients in the music and entertainment industry find financial security for what can often be very volatile work. Tune in to find out more about his business, and about how you can find financial security no matter what your job!
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
0:00 Intro
0:32 Introducing Tom Laune
2:51 The Importance of Insurance
6:10 Financial Security While Being Self Employed
12:54 Contacting Tom Laune from Stress Free Planning
- bulletproofwealth.coach
- 800-591-3928
14:45 Outro
Summary: Welcome to the ninety-sixth episode of the Prosperity Podcast! Today best-selling author Kim Butler and no b.s. money guy Todd Strobel sit down to review Matt Ridley’s new book, The Evolution of Everything: How New Ideas Emerge. They talk about how the book dissects economics and economics progress, and the importance of letting things develop naturally. They also talk about the internet, education, and the very good reasons we have to be positive about our future.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
0:00 Intro
0:30 Reviewing The Evolution of Everything: How New Ideas Emerge by Matt Ridley
1:49 The Evolution of Everything on Prosperity
4:28 Unlimited Prosperity: Leaving the Government Out of It
7:58 The Evolution of the Internet
10:42 The Education System in the Past, the Present, and the Future
13:36 The Importance of Unintended Things
17:06 Outro
Summary It’s finally happened! What we’ve been hinting at for so long, best-selling author Kim Butler’s book, “Busting the Interest Rate Lies: Discover the Whole Truth About Money and How You Can Take Control of Yours” is published! On this episode of the Prosperity Podcast, Todd Strobel and Kim Butler talk about the inspiration behind the book and the content included. Don’t be afraid to go and take a look for yourself - and if you do, don’t forget to leave a review!
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes
00:00 Intro
00:38 The Inspiration Behind Busting the Interest Rate Lies
04:12 How Truth Concept Calculator Ties Into the Book
06:06 Where to Find the Book & Who to Share it With
11:04 The Ability to Calculate the Interest Rate on a Real Estate Deal
13:48 The Subtitle: Discover the Whole Truth About Money and How You Can Take Control of Yours
15:20 Outro
Summary Today our hosts, best-selling author Kim Butler and no bs money guy Todd Strobel, discuss a financial article that Todd read on Modern Money Theory. Modern money theory is the idea that is actually makes sense to lower people’s taxes, increase benefits, reduce the sale of bonds, and just inject more money into the money supply. Find out - is this a long term strategy? Will policies like this make for a stable economy? And more on this episode of the Prosperity Podcast.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes
0:00 Intro
0:48 What is Modern Money Theory?
1:54 Is Modern Money Theory a Good Idea?
3:36 A Hypothetical Question About Alpacas
6:34 What Can We Learn From Equating These Examples?
9:18 Your Thoughts on This?
11:14 Outro
Summary: Welcome to the ninety third episode of the prosperity podcast! Today our hosts Kim Butler and Todd Strobel talk about the idea of buying gold as an investment. They discuss the problem with labeling gold an “investment” and ask gold buyers to consider - what exactly do you want your money to do for you, and how does gold fit into that? Tune in to find out what investments can replace gold and what investments are actually effective hedges against inflation.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
00:00 Intro
00:53 Gold as an Investment
02:09 The Three Things That We Want Our Money to Do
03:56 Does Gold Create Value or Solve a Problem?
06:03 What About Gold That is Also Art?
08:51 Why You Shouldn't Use Gold as a Hedge Against Inflation
10:33 What is a Hedge Against Inflation?
12:02 The Problem With Storing and Controlling Gold
15:32 Outro
Summary Today on the Prosperity Podcast, our host Todd Strobel and co-host best-selling author Kim Butler sit down with a very special guest! Curtis May talks to us about his company, Practical Wealth Advisors, and his five step money organizer plan to putting you in a position to be prosperous and to live prosperously. Tune in to learn more about managing your money and find a way to live the life you want to live, now and later.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes
00:00 Intro
00:37 Introducing Curtis May
- Practical Wealth Advisors
01:22 The Money Organizer Plan
- email curtmay@gmail.com for free report for all listeners on good debt vs. bad debt
02:07 How the Money Organizer Plan Came About
03:17 Step One: Creating ATM Money: Establishing a Short Term Liquid Fund
10:11 Step Two: Debt Elimination
14:21 Step Three: Building Cash Reserves
16:24 Where to Go to Learn More?
- 601-622-3121
20:34 Outro
Summary: Join our host Todd Strobel and best selling author Kim Butler, today on the ninety first episode of the prosperity article as they discussed the absurdity of an article entitled “The Turning Forty Checklist in Planning for Retirement”. They talk about some of the problems with trying to save for retirement (when do you plan on start saving for?) and the importance of not putting things off till retirement (why not do it now?). They also discuss how being educated, and having a realy growth mindset and mentality, is better than a checklist where you rotely cross off boxes which is better than well...nothing.
If you have any questions or comments, please reach out to us! We’ll be happy to do a podcast answering your questions and will get back to you on any comments or feedback you might have!
Show Notes:
[00:00] Intro
[00:43] "The Turning Forty Checklist in Planning for Retirement"
[01:28] What is the Checklist?
[04:20] What's Your Opinion About Equities?
[06:21] How to Protect Yourself & Your Loved Ones
[09:11] Whole Life Insurance & Savings
[11:58] Keeping Your Money Safe & Productive
[14:18] Up to the Match Level Only
[14:37] Just Save More Money
[16:23] Outro
Summary: Welcome to the ninetieth episode of the Prosperity Podcast! Join our host Todd Strobel and best selling Kim Butler as they talk about the best way to share prosperity economics with your friends, family, and co-workers. More important than any one product is the mindset and strategy of prosperity economics, and alternative financial strategy that allows people to keep their money save and build wealth. Most people would want to share those ideas with their loved ones - but they might not know how. If you’re looking to share the principles of prosperity economics with the people close to you, but aren’t sure how, this podcast is for you!
If you have any questions or comments, please reach out to us! We’ll be happy to do a podcast answering your questions and will get back to you on any comments or feedback you might have!
Show Notes:
[00:00] Intro
[01:18] How to Share the Information of Prosperity Economics
[02:19] Rule Number 1: You Don't Need to Know their Personal Finances
[03:53] Question Number 1: Where do you store your cash?
[05:24] Question Number 2: Who do you know who wants to learn?
[07:12] Rule Number 2: Refer them to Our Podcast
[09:07] Helping Both Listeners & Readers
[11:00] The Most Important Thing is Education
[11:59] Outro
Summary Best-selling author Kim Butler and co-host Todd Strobel welcome you the eighty ninth episode of the Prosperity Podcast! Today, they get together to talk about how to spend your (whole life insurance) death benefit while living! A lot of people don’t need or don’t want money after they die, they need it as they retire and as they grow older. Conversely, some people do not have heirs or close family they want to pass their money. Tune in to find out how to spend your death benefit while you’re still alive!
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
00:00 Intro
00:30 How to Spend Your Death Strategy While Living
- For a PDF of strategies email: tods@partners4prosperity.com
03:42 Strategy 1: The Pay Down
06:11 Strategy 2: A Reverse Mortgage
10:47 Strategy 3: Selling Your Death Benefit
11:17 Strategy 4: Charitable Remainder Trust
14:44 Outro
Summary Welcome to the eighty eighth episode of the Prosperity Podcast! Today, best-selling author Kim Butler and host Todd Strobel “do the dividend thing” and go in depth with dividends! They explain the important difference between stock dividends and whole life insurance dividends - namely, that whole life insurance dividends are risk free (unlike stock) and virtually guaranteed (also unlike stocks). We hope you tune in today to learn more about how to guarantee your money, your savings, and your retirement, without being dependent on the random fluctuations of the stock market.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes
00:00 Intro
00:44 Doing the Dividend Thing
00:50 Comparing Whole Life Insurance & Stock Dividends
04:30 Example of Stock Versus Whole Insurance Dividends
06:43 How Are Whole Life Insurance Dividends Paid Out?
08:40 Interest Rates & Dividends
13:35 Whole Life Insurance is Not an Investment
14:54 Whole Life Insurance is a Place to Store Cash
15:53 Where to Find More Resources
- Financial Planning Has Failed by Kim D.H. Butler
17:52 Outro
Summary: Welcome to the 87th episode of the Prosperity Podcast! Today, best selling author Kim Butler and host Todd Strobel sit down to talk about their favorite financial books. They take care to differentiate between well written financial books and well informed financial books. Finally, Kim Butler talks about her own books that she has published, how they were written, and her soon to be published book Busting the Life Insurance Lies.
Thank you for listening to the Prosperity Podcast! As always, don’t hesitate to reach out to us at welcome@partners4prosperity.com, with any and all of your questions, comments, and concerns. We’d love to hear from you!
Show notes:
00:00 Intro
00:53 The Best Financial Books (to Kim Butler)
Atlas Shrugged by Ayn Rand
05:28 The Mystery of Capital: Why Capitalism Triumphs in the West & Fails Everywhere Else by Hernando De Soto
07:02 Pirates of Manhattan by Barry Dyke
11:51 Busting the Retirement Lies by Kim Butler
12:37 Financial Planning Has Failed by Kim Butler
12:59 The Prosperity Paradigm by Steve D'annuncio
14:28 Outro
Summary: Welcome to the 86th episode of the Prosperity Podcast! Today, host Todd Strobel and best-selling author Kim Butler sit down to discuss the relationship between life insurance and savings. They answer the question of the one of the listeners “Do premiums paid to whole life insurance count as savings?”. They also discuss the same question for term life insurance. Finally, they explain insurance dividends in terms that everyone can understand.
If you have any questions or comments, please reach out to us! We’ll be happy to do a podcast asking your questions and will get back to you on any comments or feedback you might have for us!
Show Notes:
00:00 Intro
00:37 The Facts of Life
02:02 Do I Count My Whole Life Insurance Premiums as "Savings"?
05:25 Does Term Insurance Also Count as Savings?
07:07 Understanding Dividends
12:25 The Advantages and Stability of Whole Life Insurance
Financial Planning has Failed free audio & ebook by Kim Butler
Summary Tune in to the eighty-fifth episode of the Prosperity Podcast! Today, our host Todd Strobel and best-selling author Kim Strobel talk about “unbelievable thinking” and the difference between Prosperity Thinkers and Poverty Thinkers. They explain how poverty thinkers reduce involvement, whereas prosperity thinkers work on self improvement - poverty thinkers stop dreaming, and prosperity thinkers set attainable goals. We hope this episode can help you improve your personal thinking so that you can enjoy more prosperity in your life!
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes
00:00 Intro
00:24 Unbelievable Thinking
02:03 Poverty Thinkers versus Prosperity Thinking
06:27 Setting Attainable Goals
09:05 Financial Problems with Poverty Based Thinking
11:31 Seeking out Opportunity Especially in Crisis
12:46 Holding Back Constantly vs. Moving Forward in Some Form
14:28 Poverty Thinkers and Complaining versus Gratitude
16:57 Seeks Outside Approval vs. Building Internal Confidence
21:35 Outro
Summary: Welcome to the 84th episode of the Prosperity Podcast! Today, host Todd Strobel and best-selling author Kim Butler sit down to discuss the power of systems. Systems allow us to let our money work for us (to leverage our money) and to create cash flow, one of the main principles of prosperity. Taking advantage of systems doesn’t require us to work harder to make more money, just smarter. One of the biggest components of utilizing systems is creating habits that work towards our financial prosperity, not against it.
If you have any questions or comments, please reach out to us! We’ll be happy to do a podcast asking your questions and will get back to you on any comments or feedback you might have for us!
Show Notes:
00:00 Intro
00:19 The Power of Systems
01:41 Building Linear Income & Having Your Money Work for You
03:02 Systems in the Real Estate Environment
06:14 Pitfalls of Systems & Problems with IRA Real Estate
08:14 How You Can Get One Dollar to Do Lots of Jobs in Real Estate
10:07 How to Get One Dollar to Do Lots of Job with Life Insurance
14:59 Good Debt Vs. Bad Debt
- The Millionaire Next Door
17:00 Combining Life Insurance Leverage and Real Estate
19:12 The Importance of Doing Your Homework
21:09 Outro
Summary: Join Kim Butler and Todd Strobel today as they discuss financial triage. Learn what three steps occur in a triage, and what personal financial triage means to you. Also, find out what to do if you are experiencing financial triage to take back control of your money and regain your lost opportunity cost. Most importantly, listen as Kim and Todd discuss addressing systemic finance errors, i.e., habits, like not saving consistently or investing with too much risk. Thank you for listening to the Prosperity Podcast and, as always, don’t hesitate to reach out to us at welcome@partners4prosperity.com, with any and all of your questions, comments, and concerns. We’d love to hear from you!
Show notes:
00:00 Intro
00:15 Financial Triage
01:12 What Three Steps Occur in a Triage?
02:19 What is Financial Triage?
06:02 A Simple Example of Financial Triage
07:24 Financial Triage Around Insurance
08:16 What To Do If You're Experiencing Financial Triage
10:20 How To Make Today's Finances the Most Efficient That You Can
10:42 How the Media Affects Financial Triage
11:25 Addressing Systemic Finance Errors: Habits
11:55 Not Saving Consistently
12:58 Investing with too Much Risk
14:48 What Are the Most Important Financial Systems?
15:46 Contact Info
16:37 Savings Does Not Mean Sacrifice
16:58 Outro
Summary: Welcome to the eighty first episode of the Prosperity Podcast! Join best-selling author Kim Butler and host Todd Strobel as the talk about the concepts of double line investing and triple wins in finance. The best investments are investments where both the buyer (or the investor) and the seller (or the borrower) have opportunities to grow and make more money. This is called a double line investment. The coiner of this term, Peter Diamandis, just published a new book Bold: How to Go Big, Create Wealth, and Impact the World, where he elaborates on this concept. Kim Butler and Todd Strobel also explain what a triple win investment is, a very similar concept, except in this case, it’s important that both the buyer, the seller, and the community as a whole (which could be a global community!) win too.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
[00:00] Intro
[00:34] Double Line Investing & The Triple Win
[03:07] Examples of Investments That Benefit Everyone
[07:07] More About the Double Bottom Line
[10:27] Passion & Investments
[12:38] Outro
Summary: What is the difference between typical finance and traditional finance? Join Kim Butler and Todd Strobel on this episode of The Prosperity Podcast to find out. Learn about how the stock market, and the risk involved in stock market investments, has changed over time and how that affects the most stable retirement and savings strategies today. Also, learn about the how different financial strategies are like either farming or hunting - either long term or short term - and either risk saturated, or risk avoidant.
If you have any questions or comments, please reach out to us! We’ll be happy to do a podcast answering your questions and will get back to you on any comments or feedback you might have!
Show Notes:
0:00 Intro
0:55 Ways to Compare Partners for Prosperity to the Mainstream
1:22 Traditional Versus Typical Finances
6:06 How the Stock Market Has Changed
10:55 The Difference Between Farming and Hunting (as an analogy for finance)
12:29 Farming Work as Long Term Work
16:06 Resources - Live Your Life Insurance
17:07 Outro
Summary: Welcome to the 80th episode of the Prosperity podcast! Join bestselling author Kim Butler and no bs money guy Todd Strobel today as they discuss the millennial mindset and it’s implications for our future. Are millennials really ruining the future, or is there room to hope? How should their preferences influence our investment decisions today? And maybe most importantly, what is valuable about their mentality?
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
00:00 Intro
00:32 The Millennial Mindset
01:37 Spending Money on Experiences
04:04 Technology and Millennials
- Peter Diamandis “Abundance is our future.”
06:56 Experience Oriented Products
07:57 Solving the Challenges of Today with Future Technology
09:55 How To Prepare to Transition into an Experiential Economy
11:29 The Six D's of Technology
13:37 Outro
Summary: What type of mindset do you have? On this episode of the Prosperity Podcast, join Kim Butler and Todd Strobel as they talk about the important difference between a growth mindset and a fixed mindset. Find out how a growth mindset can help you make more money and become more prosperous, while a fixed mindset will cause you to plateau. For more information on fixed and growth mindsets, check out our favorite new book by Carol Dweck, Mindset: The New Psychology of Success.
If you have any questions or comments, please reach out to us! We’ll be happy to do a podcast asking your questions and will get back to you on any comments or feedback you might have for us!
Show Notes:
00:00 Intro
00:43 Mindset: The New Psychology of Success by Carol Dweck
02:09 The Importance of the Growth Mindset
02:53 Tony Gonzalez & Mental Strength
04:37 Growth Mindset vs. Fixed Mindset
06:43 How This Applies to Finances
11:33 Dealing with Criticism
11:40Alternative Investments
13:26 Learning From the Success of Others
16:00 Outro
Summary: What’s the difference between good and bad debt? When do you want to prepay a loan? Should your investment strategy be the same for an investment property and a property you live at (your home)? What is a good interest rate? When should you take out loans? Let best-selling author Kim Butler and co-host Todd Strobel walk you through the answers to these questions and more on this episode of the Prosperity Podcast.
If you have any questions or comments, please reach out to us! We’ll be happy to do a podcast asking your questions and will get back to you on any comments or feedback you might have for us!
Show Notes:
0:00 Intro
0:40 The Idea of Good Debt Versus Bad Debt
1:03 When to Prepay?
3:56 Is My Strategy the Same for an Investment Property and My Home?
8:50 Pay Attention to Your Interest Rates
9:52 Paying for Your Children's Education Versus Using a Student Loan
12:11 Other Debt Factors to Consider
14:12 Outro
Summary: Join us on the seventy-seventh episode of the prosperity podcast as best selling author Kim Butler and co-host Todd Strobel investigate fifteen year versus thirty year mortgages. Conventional wisdom seems to be based off of bank’s best interest and marketing tactics, so the Prosperity Podcast breaks down the best ways to analyze different mortgages so that you can make the financial decision that’s right for you.
For more information on different types of mortgages, take a look at Kim Butler’s book Busting the Financial Planning Lies or drop by truthconcepts.com for their visual breakdown of the differences. If you’re looking to calculate the differences for yourself, try their free ten day download of this financial calculator.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
[00:00] Intro
[00:49] A Fifteen Year Versus a Thirty Year Mortgage
[01:34] What Does "Conventional Wisdom" Say?
[02:31] Consistent Time Frames & Consistent Cash Flows
[05:19] How to Calculate This On Your Own
[07:36] Consistent Interest Rates
[08:29] The Third Alternative: Cash
[11:03] Peace of Mind Versus Financial Discussions
[13:07] The Importance of Having Cash Vs. Having Equity
[16:18] Outro
Summary: Join Kim Butler and Todd Strobel today as they discuss negative interest rates. Learn about what they are, what their purpose is, and how that should affect your investment strategy. Also find out whether, ultimately, negative interest rate are a positive or negative thing for our economic well being.
Always, don’t hesitate to reach out to us at welcome@partners4prosperity.com, with any and all of your questions, comments, and concerns. We’d love to hear from you!
Show notes:
00:00 Intro
00:47 Today's Topic: Negative Interest Rates
01:04 Are We Experiencing Negative Interest Rates?
02:31 Are Negative Interest Rates Good or Bad?
08:25 An Inflationary Environment vs. A Deflationary Environment
11:55 The Importance of Free Market Inflation and Deflation
14:26 Understanding the Positive Aspects of Technology
- Peter Diamandis Positive Aspects of Technology Blog
15:32 Summary of Ideas
16:23 Outro
Summary: Welcome to the seventy-fifth episode of the prosperity podcast! Join our host Todd Strobel and bestselling author Kim Butler as they discuss the important difference between faux prosperity and real prosperity. Learn why annuities and universal life are more accurately labeled as faux prosperity products and how to become more aware of financial products that don’t deliver on their promise.
And of course, don’t hesitate to reach out to us at welcome@partners4prosperity.com, with all your questions, comments, and concerns. We’d love to hear from you!
Shownotes:
0:00 Intro
0:35 The Difference Between 4-Prosperity and Faux-Prosperity
1:42 Faux Financial Products: Universal Life
4:35 Annuities as a Faux Financial Product
6:42 The Importance of The First Principle of Prosperity: Think
7:36 Paying Attention to What We Read
9:05 Ignoring Marketing Messages: Don't Believe You're Not Enough
10:24 Always Look for the Whole Truth: Busting Interest Rate Lies
13:30 Outro
Summary: The worst day to invest your money is tomorrow! This episode of the prosperity podcast centers around the importance of educating ourselves and investing our money today, and not tomorrow. Join best selling financial author Kim Butler and host Todd Strobel as they discuss the importance of acting now and the cost of indecision.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
00:00 Intro
00:43 The Worst Possible Day to Invest: Tomorrow
03:54 Why You Shouldn't Wait for More Money
05:40 If You Already Have the Money, Why You Need to Invest
07:13 The Importance of Against the Grain Education
09:53 The Definition of an Investment for Partners for Prosperity
10:51 The Problem With The "More Risk, More Reward" Premise
12:50 How to Keep Learning
13:28 Outro
Summary: Welcome to this episode of the prosperity podcast! Join our host Todd Strobel and bestselling author Kim Butler as they talk about the importance of having for-profit entities competing in a non-profit space. Listen as they discuss some of the advantages of for-profit businesses, like sustainability and scalability.
Also, feel free to check out some the products mentioned in the podcast - interesting ideas happening in the for-profit world that solve non-profit problems like this little vacuum that might help companies more efficiently separate their waste for recycling, and this fitness device, that helps people - including some high profile athletes stay fit.
Ultimately, the important idea is not that non-profits don’t deserve support, but the importance of developing creative and functional ideas in the for-profit world that provide services that people desperately need and solve problems affecting people's everyday lives and our future.
Thanks for tuning in, and keep sending in all the good questions and feedback! We’d love to answer your questions in one of our upcoming shows, and we appreciate your support.
Show Notes:
00:00 Intro
00:56 Non-Profits Make Non-sense
03:03 Examples of For-Profits Competing in Non Profit Space
- Hizero
06:11 The Problem of Non Profit Sustainability & Scalability
09:07 Providing a Service that Helps People
- HNB Connection
12:01 Make A Profit While Creating a Better World
12:29 Zappos & Principled Business
15:07 Sustainable Environments
16:48 Outro
Summary: Budgeting is almost ubiquitous financial advice - but is it effective? Join bestseller author Kim Butler and Todd Strobel as they discuss how budgets can be counter productive. Learn about the benefits of paying yourself first, or saving money, instead of trying to budget out your expenses.
And keep sending in all the good questions and feedback! We’d love to answer your questions in one of our upcoming shows, and we appreciate your support.
Show Notes:
0:00 Intro
0:41 Budgeting: Stop it!
1:12 What's wrong with Budgeting?
3:29 What to do instead: Pay Yourself First
5:52 Paying off Debt Without Budgeting
6:54 The Benefits of an Opportunity Fund
8:37 Calculating Your Run Rate
9:40 The Importance of Confidence
11:52 Addressing Retirees About Budgeting and Income
13:49 Business that Solve Problems
15:10 Outro
Summary: Should you rebalance your portfolio? This episode of the prosperity podcast discusses this common piece of financial advice. Is rebalancing your portfolio basically selling assets that work to buy assets that aren’t working? Is it important to buy bonds in order to have a balanced portfolio? Tune in to figure out the answers to these questions and more.
Also, please keep sending in all the good questions and feedback! We’d love to answer your questions in one of our upcoming shows, and we appreciate your support.
Show Notes:
0:00 Intro
0:39 Rebalancing Your Portfolio: What Does it Mean?
3:19 What Assets Should You Buy?
5:32 The Trouble With A Balanced Portfolio & Loosing Principle
7:01 Pros and Cons of Bonds
11:39 Income After Retirement: Why Bonds Aren't the Best Option
12:27 The Advisor Side of Rebalancing and Diversifying
13:50 Principle of Prosperity: Seeing the Big Picture
15:02 Our Goal
15:44 Resources:
- Feel free to email us with all your questions
- Check out our blog for free articles and more podcast episodes
- And finally, check out this truth concepts video about diversification (85 minute free educational video)
17:08 Outro
Summary: Welcome to a very special episode of the Prosperity Podcast! On this episode, instead of our usual co-host Kim Butler, we are interviewing her son, Robby Butler, a nineteen year old finance major, to get a feel for how the upcoming generation is thinking about finance, the role of government, non profits, and more.
Keep sending in all the good questions and feedback! We’d love to answer your questions in one of our upcoming shows, and we appreciate your support.
Show Notes:
0:00 Intro
0:43 The Next Generation of Finance
0:29 Introducing Our Guest, Robby Butler
2:58 How Does Our Current Education System Prepare the Next Generation to Handle Money?
4:16 Going to College & Automatic Debt
5:48 The Role of Government in Our Everyday Financial Lives: Are They Doing What They Should?
7:17 How Do You Feel About The Role of Nonprofit Versus For-Profits
10:45 What Does The Future Look Like For You?
13:20 What Would You Say to Parents About Finance?
14:33 Outro
Summary: Welcome to the 68th episode of the Prosperity Podcast! Join Kim Butler and Todd Strobel as they discuss the timely issue of habits, resolutions, and the dangers of following the crowd. Learn about the best places to save your money and the way that habits shape our lives.
And, please! Keep sending in all the good questions and feedback! We’d love to answer your questions in one of our upcoming shows, and we appreciate your support.
Show Notes:
0:00 Intro
0:39 Habits, Resolutions, and Following the Crowd
1:57 The Dangers of Under Preparing
3:06 The Importance of Habits
7:02 Saving: Disciplining Yourself to Have a Positive Cash Flow
9:06 The Difference in Where You Save
12:26 Not Following the Crowd: Just Start Thinking
14:04 Outro
Summary: In this episode of the Prosperity Podcast, Todd Strobel and Kim Butler address a big issue for the upcoming generation and their parents: paying for a college education. So often today a college education is the expected and automatic next step after high school, and the costs can be very high. Join them as they discuss how to help your children succeed and how to help yourself to remain financially stable while supporting them.
For more insight and ideas concerning education, specifically college education, we’d like to recommend The Education of Millionaires: Everything You Don't Learn in College About How to Be Successful, a book by Michael Ellsberg about where we learn some of the critical skills for success. (Hint: It’s not in college).
Also, please keep sending us all the good questions and feedback. We’d love to answer your questions in one of our upcoming shows and we appreciate your support!
Show Notes:
0:00 Intro
0:44 The Cost of An Education: Student Loan Debt and More
1:54 The Expectations of College
3:30 The Average Cost of Coll
ege (Including Opportunity Cost)
6:49 Interesting Solutions to the Cost of College
7:44 The Time Opportunity Cost of College
10:47 How to Help Kids Who Are Searching
- The KOLBE Profile
11:43 How Much Should I Help My Child With College Tuition?
12:50 What About Prepaid College Funds? An Issue of Control
14:42 Look Forward to Audio Book of Live Your Life Insurance
15:19 Outro
Summary: Why are bridge loan investments profitable, and what documentation should you have before starting? What are the risks of bridge loan investments? Find out the answers to these questions and more as Kim Butler and Todd Strobel discuss bridge loan investments, both from the perspective of an investor and a realtor.
Also, please keep sending us all the good questions and feedback. We’d love to answer your questions in one of our upcoming shows and we appreciate your support!
Show Notes:
00:00 Intro
00:44 What Is A Bridge Loan Investment?
02:49 Why Do Bridge Loans Make Sense?
05:14 Three Different Sections of Documentation for Bridge Loans
06:11 1. Documentation Section 1: The Borrower
- loan application for each borrower
- resumes and background for the borrower
- entity validation
- list of projects the borrower has already completed
- written management/disposition strategy for project
07:09 2. Documentation Section 2: The Property
- an appraisal report
- title insurance
- a survey of the property
- sales contract
- hazard or builder's risk insurance
07:54 3. Documentation Section 3: The Construction
- full set of construction plans
- copies of building permits
- itemized cost breakdown of all construction phases
- full building/material specs
- structural engineering report
- construction contract
- contact information for everyone involved
09:26 Looking at Bridge Loans from the Perspective of a Realtor
To find out what rate of return your property should be earning:
- visit truthconcepts.com for Todd Langford’ss calculator system w/ real estate calculator OR
- ask Kim for fillable pdf, email it back to her, and she will do the calculation for you
- (full disclosure Todd Langford is Kim Butler's husband)
12:15 Recommendations on Specific Bridge Loans and Investments
14:01 All Bridge Loan/Mezzanine Financing Are Not The Same
16:34 Outro
Summary: Join Kim and Todd on this episode of the Prosperity podcast as they discuss the importance of creating wills, trusts, and power of attorney and keeping them updated. Find out what the minimum age is to start worrying about these documents, and the minimum amount of money you should have to create a living trust.
Also, for help creating and updating all these documents visit nnepa.com (national network of estate planning attorneys) to find an attorney in your area to help you with you paperwork, for one flat fee.
Please keep sending us all the good questions and feedback at welcome@partners4prosperity.com! We appreciate your feedback and support!
Show Notes:
0:00 Intro
0:37 Documentation: The Documents That You Sign
1:34 Looking At Wills, Trust, Healthcare, Power of Attorney: The Importance of Paying Attention
2:18 Getting Help to Update Your Documentation
- visit nnepa.com (national network of estate planning attorneys)
- finding an attorney in your area to get to create the necessary documents and keep them current
3:24 Making Changes to Your Documents While You Can
5:34 Is There A Minimum Age To Start Worrying About These Documents?
6:19 Keeping Life Insurance Policies Updated
6:48 At What Dollar Figure Should You Have a Living Trust?
7:45 The Consequences of Neglecting a Living Trust
9:32 How Often Should You Review Your Documents?
10:02 Sharing Financial Information at the Appropriate Time
11:21 Outro
Summary: On this episode of the Prosperity Podcast, we’re proud to welcome a new guest, Gina Wells, President of an Advanced Capital Group in Detroit. Gina Wells is an expert of financial planning and social security, so today we talked about new social security laws introduced in Congress’s Bipartisan Budget Act.
Understanding social security and planning for your retirement is a huge part of anyone’s financial health, so make sure you don’t miss this episode of the Prosperity Podcast!
Also, make sure to call Gina Wells at 801-579-5808 to take receive a free, 6 page social security report for just for you.
And of course, don’t hesitate to reach out to us at welcome@partners4prosperity.com, with all your questions, comments, and concerns. We’d love to hear from you!
Show notes:
0:00 Intro
0:31 Introducing Gina Wells, President of Advanced Capital Group
2:01 Understanding New Social Security Laws
3:02 Finding Your Social Security Earnings Record:
- Visit www.socialsecurity.gov/myaccount to understand your estimated benefits
3:45 Important New Dates to Know with Social Security
5:25 What Is a File and Suspend Rule?
11:03 How to Find Your Free 6 Page Customized Social Security Report
- Come prepared with your most recent social security report that you can find here
- Call Gina Wells at 810-579-5808
- Be prepared to talk longevity, assets, family circumstances etc.
- Receive your free, completely customized, 6 page social security report!
12:51 The New Social Security: No Guarantees - What Does That Mean For You?
15:39 Outro
Summary:
Join Bestselling author, Kim Butler and Todd Strobel as they discuss insurance dividends - what are they, where they come from, and what they can be used for. Figure out whether or not you can change your dividend policy, and what the most common strategy for dividends is.
If you’re looking to learn about your insurance policy, ask for an “inforce” illustration or ledger from your insurance company. Then feel free to send it over to Kim and she’ll be happy to explain it to you, in plain english. She’ll tell you whether it’s universal life or whole life, the internal rate of return, strategies for how to save the policy if it’s starting to have problems, etc.
As always, we appreciate your questions, concerns and comments! Send us an email at welcome@prosperitythinkers.com.
Show Notes:
00:00 Intro
0:56 Dividend Election: What They Are, Where They Come From
03:03 Do All Insurance Companies Pay Dividends?
04:33 What Else Can You Do With Your Dividends?
05:42 Can You Change Your Dividend Policy?
06:22 Using the Dividend to Buy Term Riders
07:26 A Strategy for Modified Endowment Contracts and Dividends
08:43 Which of These Strategies Are Used Most?
08:55 Repaying Your Loans Using Your Dividends
10:58 How can I learn about my insurance policy?
- call your insurance company
- ask for an "inforce" insurance illustration or ledger
- email it to kim
- she’ll be more than happy to explain and discuss it with you!
12:31 Outro
Summary:
Tune in with Todd and Kim as they discuss one of the most common theories of saving: The Bucket Theory - and what’s wrong with it! Learn how to “pick a side of the fence” with your savings and investment for more control over your money. Find out which savings vehicle is best for you and how your government sponsored saving account might be hurting you - especially if you have college aged kids!
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
0:00 Intro
0:43 The Bucket Theory: Setting aside buckets of money for specific purposes
1:11 The Big Idea: Why the Bucket Theory is wrong and you shouldn't split up your money
4:22 The Ability to Act Like Equity: What your savings dollars should be available for
5:11 The Other Side of the Fence: The difference between savings and investment
6:33What Type of Savings Vehicle Is Best For You?
7:36 What's wrong with government sponsored saving accounts: don't be penalized for saving
9:24 Resources for listeners:
-
The Financial Planning has Failed ebook
-
Busting the Retirement Lies: Living with Passion, Purpose and Abundance Throughout Our Lives
-
Partners for Prosperity blog
10:18 Outro
Summary:
Are you an honest banker? You probably think the answer to that is yes, but it might not be as simple as you think. Tune in to Todd Strobel and best selling financial author Kim Butler as they discuss the meaning of being an honest banker - especially when it comes to paying yourself back.
If you have an comments, tips, or questions, - or you’d like to be a quest on our show! shoot us an email at welcome@prosperitythinkers.com. Thanks for listening!
Show Notes:
0:00 Intro
1:11 Why You Should Be An Honest Banker
1:31 What It Means to Own A Loan
2:53 Paying Yourself Back: Being an Honest Banker with Your Savings
3:30 Borrowing Against Your Life Insurance Cash Value & Remaining Honest with Yourself
4:45 What Does it Mean to Borrow Against Your Life Insurance Cash Value?
5:52 Why Would You Want to Pay the Principle of This Type of Loan?
8:24 What We Recommend: Handle Your Loan Based on What You Borrowed Against Your Cash Value For
9:44 The Time Value of Money: Paying Yourself Back With Interest
11:47 Being an Honest Banker: Even with Family?
12:40 Outro
Today, on the Prosperity Podcast, Todd and Kim discuss how life insurance companies make money and get paid. Kim explains the life insurance model and how it works. Todd describes how premiums are handled. They wrap-up by separating life insurance from other insurances and why that is important.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
[0:00] Prologue
[0:19] Intro
[0:47] Overview
[1:37] Explaining the Life Insurance Model
[4:55] Collecting Premiums
[7:36] Separating Life Insurance From All Other Insurance
[10:34] Summary and Rates of Return
[12:15] Outro
On this episode of the Prosperity Podcast, Todd Strobel and Kim D.H. Butler breakdown the benefits of delaying social security. Kim explains this contrarian strategy. Todd discusses why financial advisors would want you to delay using qualified money as a source of retirement income. Finally, Kim and Todd look at the value of life and summarize the P4P school of thought on retirement.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
[0:00] Prologue
[0:20] Intro
[0:32] Overview
[2:53] A Different Strategy
[5:37] Why Do We Delay Qualified Money?
[6:54] Valuing Quality of Life
[7:50] Our School of Thought
[9:57] Financial Planning Has Failed
[11:11] Outro
Kim D.H. Butler and Todd Strobel chat about the reasons to not use Universal life insurance when storing cash. In this episode, they compare and contrast indexed, or universal, to whole life insurance. Kim discusses the advantages the whole life insurance hold above indexed. Finally, Todd and Kim ask listeners to do their research because, if it’s too good to be true, dig a little deeper. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
[0:00] Prologue
[0:21] Intro
[1:01] Indexed Sounds Sexy
[1:58] Universal vs. Whole Life
[3:49] Guaranteed Premiums
[4:56] Cash Value
[11:37] New Requirements for Universal Life
[13:09] Dig a Little Deeper
[14:07] Wrap-Up
[14:47] Outro
Today, on the Prosperity Podcast, Todd Strobel chats with Tammi Brannan of Instinctive Life Career Development about attracting more clients and finding your purpose. Todd discusses his time with the Instinctive Life training. Tammi reviews her 8 characteristic questions. Finally, Todd and Tammi examine the benefits behind finding purpose.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
This episode of the Prosperity Thinkers podcast focuses on the financial leaks that build up if we don’t pay attention to our bank statements. Todd Strobel and Kim D.H. Butler discuss multiple ways to avoid allowing the fees and charges to build up. Finally, Kim explains how a specialized, separate account can help your money flow to more prosperous opportunities instead of going towards needless bank fees.
In the beginning of the podcast, Kim and Todd discuss The Summit for Prosperity Economics Advisors and also the importance of transparency.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
[0:00] Prologue
[0:21] Summit for Advisors Review
[1:12] Promoting Prosperity Economics Education and Transparency
[4:33] Non-Commission Products
[6:41] Paying the Bank for Your Own Money
[9:40] No Overdraft Policy
[10:59] Reimbursed ATM Fees
[11:51] Prosperity Flow-Through Account
[14:05] Money Market Account Minimums
[16:32] Financial Planning Has Failed
[18:12] Outro
Todd Strobel and Kim D.H. Butler examine your vocabulary and explain the power in words. Today, Kim breaks down several ways to adjust your vocabulary to create more positive outcomes. Todd looks into the way we feed our brains. Finally, they compare trains of thought to better understand the words we attribute to different phrases in the financial world. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
[0:00] Prologue
[0:20] Intro
[1:06] Overview
[1:40] The Power of Words from Will Duffy
[2:36] Gratitude vs Entitlement
[4:01] Compliment vs Criticize/Complain
[5:51] Forgiving vs Holding a Grudge
[6:48] Fail and Pivot vs Fail and Blame
[9:09] Talking Ideas vs Talking People/Things
[10:10] Feed Your Brain Valuable Words
[11:28] Borrowing Against vs Borrowing From
[13:41] Interest Payment vs Interest Cost
[14:45] Pay-Up vs Pass-Up
[15:50] Opportunity Cost
[17:17] Busting the Interest Rate Lies
[19:10] Wrap-Up
[19:29] Outro
Today, on the Partners for Prosperity Podcast, Todd Strobel and Kim D.H. Butler dissect marketing spin as it applies to life insurance. Kim defines what marketing spin is as Todd explains how it affects different financial products and what we “know.” They look at buzzworthy terms and all of the alternate names given to whole life insurance strategies, and why those terms may have a legitimate use to open minds. Finally, they look at how life insurance breaks through the negative spin the media has put on it.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
[0:00] Prologue
[0:18] Intro
[1:07] What is Marketing Spin?
[1:42] Alternate names for Whole Life with PUA Rider
[5:19] Dig a Little Deeper
[7:55] A More Unique Look
[10:31] The Stock Market and the Economy
[13:24] Terms Around Marketing Spin
[16:08] Summary
[16:55] Financial Planning Has Failed
[17:46] Outro
“No B.S. Money Guy” Todd Strobel and best-selling financial author Kim D.H. Butler discuss the lies we believe about interest rates. Todd looks at the traditional arenas in which people interact with interest rates. Kim breaks down the truths behind the perceived facts that surround interest rates. Finally, they discuss Kim’s new book, Busting the Interest Rate Lies, which you can sign-up to be notified when it becomes available through our link.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
[0:00] Prologue
[0:19] Intro
[1:16] Overview
[3:38] Understanding Interest Rates
[4:53] Car and Furniture Financing Lies
[7:07] Get the Cash Price
[9:53] Busting the Interest Rate Lies
[12:06] Wrap-Up
[12:54] Outro
Todd Strobel and Kim D.H. Butler sit down to talk about the truths in life insurance returns. Todd breaks down the gross returns and how it’s offset by your policy’s expenses. Kim analyzes what returns for life insurance in 2015 look like. Finally, they implore listeners, if you have any questions or areas of confusion, reach out and we will explain it further and more clearly. How does whole life differ from IUL in how returns are calculated? What ARE the 2015 returns right now for whole life policies at various ages? Find out on today’s episode!
Show Notes:
[0:00] Prologue
[0:19] Intro
[0:43] Overview
[1:19] Explaining Life Insurance Returns
[4:24] Numbers in Gross Returns
[7:31] Peeling Back the Expenses
[9:24] Mortality Expense
[10:53] Index Universal Life Expense
[11:56] Breaking Down the Returns
[15:15] Live Your Life Insurance
[15:32] Impact of Age on Life Insurance
[17:26] Inforce Illustrations
[19:09] Wrap-Up
[19:25] Outro
On this episode of the Prosperity Podcast, Todd Strobel and Kim D.H. Butler examine how to have a positive mindset in a negative news world. Kim describes the way she finds best to shift her mindset. Todd talks about the process of trying to control your thoughts. Finally, they look at the recent interest rate talk and how it may be a matter of mindset shifting.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
[0:00] Prologue
[0:19] Intro
[0:55] Overview
[2:19] Ideas from Strategic Coach
[4:44] Can’t Afford 15-Year Mortgage? Then Don’t Buy
[6:48] Falling Into “Scarcity Thinking”
[8:38] Shift Your Mindset
[10:03] Act As If…
[11:12] You Can’t Control What You Think
[12:05] Interest Rate Mindset
[13:33] Financial Planning Has Failed
[15:16] Leave a Comment and Rate Us!
[15:40] Outro
“No B.S. Money Guy” Todd Strobel and best-selling financial author Kim D.H. Butler sit down to talk bridge loans for the non-accredited investor. On today’s episode, Todd and Kim explain the difference between being an accredited and non-accredited investor. Kim defines bridge loans and what makes investors eligible for them. Finally, Todd discusses why education on financial matters sits above all else. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
[0:00] Prologue
[0:19] Intro
[0:47] Accredited and Non-Accredited Investors
[3:28] Unchanged Financial Terms
[4:50] Options for Non-Accredited Investors
[5:56] Explaining Bridge Loans
[8:42] Contact Us for More Information
[9:23] Availability of Accounts
[10:10] Education is Paramount
[10:49] Summary
[12:55] Wrap-Up
[13:04] Outro
Todd Strobel and Kim D.H. Butler look at important questions to ask on this episode of the Prosperity Podcast. The question of comparison is analyzed by Todd and Kim. Kim breaks down finances into three simple areas. Todd explains what your money should be doing. Finally, Kim describes alternative investing solutions to non-accredited investors.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes:
[0:00] Prologue
[0:19] Intro
[0:42] “As Compared to What?”
[3:27] Avoiding Invalid Comparisons
[5:39] Finance Area 1: Savings
[7:13] Finance Area 2: Cash Flow
[8:39] Finance Area 3: Growth
[9:34] Everything Your Money Should be Doing
[11:08] One Product Won’t do Everything
[13:17] Always Ask Questions
[14:53] Financial Planning Has Failed
[16:32] Solutions Outside of Accredited Investing
[18:24] Wrap-Up
[19:06] Outro
Today, on the Prosperity Podcast, Todd Strobel and Kim D.H. Butler discuss peer-to-peer lending. In this episode, Kim speaks to the several advantages of P2P lending, for both investor and borrower. Todd lays out a few statistics regarding P2P lending and how these numbers compare to other ways of investing. Finally, they explain the potential dangers of P2P and how to utilize it in your portfolio.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes:
[0:00] Prologue
[0:19] Intro
[1:46] Overview
[2:22] From the Investor POV
[5:15] From the Borrower POV
[6:52] P2P Lending Statistics
[10:14] Spreading Out Your Investments
[12:45] P2P as a Learning Tool
[15:22] P2P in Your Portfolio
[17:17] Beware of the Bank Players
[17:59] Financial Planning Has Failed
[18:25] Outro
To pay, or not to pay, that is the question on today’s episode of the Prosperity Podcast. Todd Strobel and Kim D.H. Butler respond to a client question about how to approach and handle money in a pre-tax account against when it’s in a post-tax account. Kim and Todd explain the issues that arise with the 401(k) and IRA realms. They offer alternatives to handle IRA money, as well as, options outside of traditional thinking, which include bridge loans, life settlements, and life insurance.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
[0:00] Prologue
[0:19] Intro
[0:31] Overview
[1:16] Pre-tax vs. Post-tax Money
[4:11] ‘Net’ It Down
[5:23] Explaining the Stretch IRA
[7:41] Split-Up Your IRA
[10:04] Shift Your Thinking
[12:00] Leaving Money for a Charity
[13:57] Money in a Tax-deferred Account
[15:32] Converting to a Roth IRA
[17:53] Summary
[18:31] Financial Planning Has Failed
[18:50] Wrap-Up
[19:13] Outro
Todd Strobel and Kim D.H. Butler take a look at the U.S. Bureau of Labor Statistics report on how the average American spends their money. Todd goes over the demographics and how it reflects the “average” American. Kim explains what each category means and what the numbers are indicative of. Finally, they look over the most troubling numbers of all regarding Americans life insurance and pension expenditures. What do the spending trends reveal? Do you know how your spending stacks up? Find out on today’s episode of the Prosperity Podcast.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
[0:00] Prologue
[0:19] Intro
[0:35] Overview
[1:17] A Look at the Demographics
[1:48] Owning and Renting Residences
[4:01] A House As An Investment
[5:09] Annual Costs of Dwellings
[6:29] Food At and Away From Home
[8:07] Transportation Costs
[10:04] Health Care Expenditures
[11:53] Personal Insurance and Pensions
[15:46] Insurance Summary
[16:13] Entertainment vs. Education
[17:26] Wrap-Up
[18:13] Outro
Todd Strobel and best-selling financial author Kim D.H. Butler look at the recent downturn and volatility in the stock market. Kim explains that risk does not have to equal reward. They offer alternative investment options away from the market. Todd questions the thrill of gambling. Finally, they discuss leaving the wild ride and share information to contact our Prosperity Economic Advisors. If breaking even is your goal, do you know the opportunities you’ve already missed? Find out how to get OFF the stock market roller coaster on today’s episode of the Prosperity Podcast!
If you would like the opportunity for us to answer your question on the show, be sure to keep sending us questions and reach out to us!
Show Notes:
[0:00] Prologue
[0:19] Intro
[0:31] Overview
[1:27] Volatility in the Market
[2:44] We’ve Been Programmed to Accept Risk
[3:55] Know What You Know
[8:29] People Looking For a Thrill
[10:11] Breaking “Even”
[12:39] Phase-Based Investment Strategy
[13:54] Our Open Door
[14:59] Financial Planning Has Failed
[15:40] Outro
Today, on the Prosperity Podcast, Kim D.H. Butler and Todd Strobel explain what occurs when whole life insurance policyholders miss one or more premium payments. They discuss the flexibility built into whole life insurance policies, and what many policyholders forget – that if they have an interruption in income, their policy may be able to HELP them pay essential bills! Kim breaks down the order to use your money when you’re able to make payments again: base premiums, repaying the policy loan, or paid-up additions? Todd looks at the benefits in the self-employment realm. It’s important to have your money accessible when it’s needed – do you have that safety net? Find out on today’s episode how life insurance provisions can help.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
[0:00] Prologue
[0:19] Intro
[0:43] Overview
[1:22] Automatic Premium Loans
[4:22] Where to Focus Your Money
[5:27] You Always Qualify for Your Cash Value
[6:31] Start on the Base Premium Payments
[7:35] Reduce the Loan Down
[8:24] Paid-Up Additional Contribution
[9:40] Self-Employed Life Insurance
[11:10] Life Insurance Flexibility
[13:14] Financial Planning Has Failed
[13:49] Outro
Todd Strobel and Kim D.H. Butler explore what people do when they can’t (or don’t want to) make their life insurance premium payments. On today’s episode, Kim dives into the possibility of selling your policy to investors of life settlements vs. just cancelling your policy and taking the cash value. Kim discusses the benefits and potential drawbacks of selling a policy, and who might be able to sell a policy. Todd chimes in with the type of policyholder that may have the most to gain from selling their death benefit. Finally, they assess how life settlements have increased the flexibility and choices for both investors and policyholders.
If you are “too young” to sell your policy, you’ll also want to read this article for more options: “7 Ways to Save a Life Insurance Policy (even when you can’t afford the premiums)”
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
[0:00] Prologue
[0:19] Intro
[0:46] Overview – What if You Don’t Want or Need Your Policy? What then?
[1:57] Understanding Life Settlements from Policyholder Perspective.
[5:18] Benefit of Selling Your Death Benefit
[6:36] Separating from a Viatical Policy
[7:19] What You Lose if You Sell
[8:45] Making the Most of Your Assets
[11:13] Leveraging Your Death Benefit
[14:06] How Life Settlements Build the Industry
[16:33] The Growth of the Settlement Market
[17:32] Summary
[18:02] Requirements for an Investor
[18:41] Non-correlated Investments
[19:18] Outro
Tim Wright, of ASR Alternative Investments, joins Todd Strobel on the Prosperity Podcast. They discuss what alternative investments are and their benefits. Tim explains the type of client that would gain the most from life settlements and why they’re similar to owning real estate. Finally, the look at the type of returns to expect within a growing market. Can you make your money more prosperable and less of a gamble outside the stock market? Find out on today’s episode.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
[0:00] Prologue
[0:20] Intro
[0:50] What are Alternative Investments and Life Settlements
[3:50] The Ideal Client
[5:04] Comparing Life Settlements to Real Estate
[8:50] Calculating a Rate of Return
[10:52] What to Anticipate as an Investor
[13:20] Explaining Underwriting
[16:21] Whose Market is it?
[18:02] Wrap-Up
[18:37] Your Portfolio Shouldn’t be a Gamble
[20:37] Outro
“No B.S.” Money Guy Todd Strobel and best-selling author Kim D.H. Butler look at what it takes to become a Prosperity Economics Advisor. Todd explores what an advisor does on a day-to-day level. Kim breaks down the steps in becoming an advisor. Finally, they explain the type of person best suited for prosperity economic advising. Have you got what it takes? Find out on today’s episode of the Prosperity Podcast. (By the way, Kim took the “long route” to being a Prosperity Economics Advisor, getting her CFP designation and Series 6 then Series 7 licenses, as well as a Series 63, Series 65 and additional education and experience (such as 4 years as co-trainer of Truth Concepts financial software and a banking background. All of the above have been learning experiences but NOT necessary to get started!)
Not mentioned in the show but also HIGHLY recommended are Truth ConceptsSoftware, Truth Training (some advisors attend about once a year), and The Summit for Prosperity Economics Advisors. If you were going to do ONE thing to jump-start a new venture as a Prosperity Economics Advisor – or even to just seriously explore it – we would say, “Come to The Summit!”
If you would like for us to answer your question on the show be sure to keep sending us questions and reach out to us!
Show Notes:
[0:00] Prologue
[0:19] Intro
[1:07] Overview
[2:33] Life Insurance Licenses
[3:28] Alternative Investments
[4:38] Planning and Processes
[7:02] Five-Step Prosperity Pathway
[9:03] Fiduciary vs. Suitability Standard
[10:35] The Big Picture
[12:50] What is Your Passion Level?
[13:19] The “Secret”
[15:13] Wrap-Up
[15:30] Financial Planning Has Failed
[15:48] Outro
Kim Butler and Todd Strobel respond to a user-question about annuities, analyzing annuities to see what they can and can’t do for you. Kim and Todd take a hypothetical annuity through the gamut of our Prosperity Principles. Kim defines the different types of annuities. Todd uses the Prosperity Principles against annuities. Finally, Kim and Todd explain where the apprehension towards annuities comes from and look at what to do with an annuity you already possess. Do you know how to apply the Principles of Prosperity to financial decisions? Find out on today’s episode of the Prosperity Podcast. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
[0:00] Prologue
[0:19] Intro
[0:37] Annuity Clarity
[2:02] Fixed and Variable Annuities
[7:01] Think From a Prosperous Mindset
[8:41] Look From a Macroeconomic POV
[9:39] Life-Only Payout
[12:17] Low Interest Rates
[13:37] Measure Opportunity Cost
[14:45] Where Does the Objection Come From?
[16:45] LIFO
[17:24] Cash Flow
[19:56] Control Your Money
[20:43] Money Should Move Through an Asset
[22:19] Multiply
[23:31] Summary
[24:05] Financial Planning Has Failed
[24:46] What to do With an Annuity
[26:28] Wrap-Up
[27:30] Outro
Kim Butler and Todd Strobel dive into financial strategies to best utilize your assets by actually spending down your taxable assets first, and relying on non-taxable assets later in life. Kim explains three strategies and their upsides. Todd focuses on the benefit of life insurance to maximize the strategies effectiveness. Finally, they discuss resources available through Partners 4 Prosperity that explores these strategies further. Is your financial strategy allowing you to have your cake and eat it too? Find out on today’s episode of the Prosperity Podcast.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
[0:00] Prologue
[0:19] Intro
[0:32] Have Your Cake and Eat it Too Strategy
[4:19] Strategy 1: Pay Down, Spend Down
[5:53] Using the Life Insurance Benefit
[6:55] An Alternate Giving Strategy
[9:56] The Permission Slip
[9:38] Type of Life Insurance to Utilize
[11:02] Strategy 2: Reverse Mortgages
[12:38] Using Other Types of Assets
[13:40] Strategy #3: Charitable Remainder Trust
[15:39] Live Your Life Insurance
[16:38] When is it Too Late?
[17:35] Where to Start – Ask for Permission to Spend Special Report
[19:22] Financial Planning Has Failed
[19:25] Wrap-Up
[21:12] Outro
Kim Butler and Todd Strobel dive into an old article of Kim’s entitled, “7 Phases of Financial Success.” Whether you started saving in your 20’s or whether you’re just starting in your 50’s or 60’s, you can adapt these phases for you. Kim explains each phase of life and it’s accompanying financial goals. Todd breaks down effective ways to reach those goals. Finally, the importance of life insurance (and later converting it to whole life insurance) is analyzed as the backbone of your financial success through each phase. Which financial phase are you in and is it too late to be successful now? Find out on today’s episode of the Prosperity Podcast.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
[0:00] Prologue
[0:19] Intro to the phases of financial success
[0:48] Phase 1: Leaving School, Entering Workforce (20s)
[4:17] Savings Before Debt
[5:41] Paying the Minimums
[6:22] Completing a Will
[7:03] Life Insurance and “Human Life Value”
[8:43] Insurance Outside of Your Employer
[9:35] Phase 2: Building a Prosperity Flow Through Account (30s)
[10:49] Converting Term to Whole Life Insurance
[12:14] Advantages of Life Insurance Over Banks
[12:59] Mortgages
[13:59] Phase 3: Conversions & Upgrades (40s)
[15:39] Rates of Returns
[17:28] Non-Correlated Assets
[18:11] Whole Life Insurance Interest Rates
[19:28] Aggressive Risks
[20:41] Phase 4: Paying Off Life Insurance Loans (50s)
[22:20] Phase 5: Don’t Retire, Yet (60s)
[25:22] Phase 6: Taking Dividends & Stopping Premium Payment (70s)
[26:49] Reverse Mortgages
[28:08] Phase 7: Focusing on the Death Benefit (80+)
[29:38] Financial Planning Has Failed
[30:37] Outro
Kim Butler and Todd Strobel respond to a user-question about why the American society refers to investing with the stock market. Kim discusses ways around the market and the multiple outlets outside of the stock market. Todd explains the importance of educating yourself on all the ways in which your money can be invested. Finally, life settlements from life insurance are analyzed. Where else can you invest? Find out about investing away from the stock market on today’s episode of the Prosperity Podcast.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
[0:00] Prologue
[0:19] Intro
[0:32] Why Does Investment Equate to the Stock Market?
[2:19] You Get What You Pay For
[4:02] Potential Market Scare
[6:38] Non-Correlated Investments
[9:38] Are These Partners 4 Prosperity Inventions?
[12:22] Financial Planning Has Failed
[14:00] Educating Yourself
[15:32] Life Settlements
[19:25] Wrap-Up
[20:14] Outro
Kim Butler and Todd Strobel dig into the theory that banks are the safest place to save money. Kim explains how life insurance provides better dividends than banks and details what banks ought to be used for. Todd talks about government interventions and how life insurance affects college aid. Finally, Kim and Todd look into the resources available that we provide to broaden your knowledge about life insurance. Have you ever wondered why movies never show a life insurance agency being held up? Find out on today’s episode of the Prosperity Podcast.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
[0:00] Prologue
[0:19] Intro
[0:33] Banking Myths
[0:55] Are Banks a Good Place to Save Money?
[2:03] Money Being Reduced to 1’s and 0’s
[4:54] Focus on Control
[7:31] Cash Value of Life Insurance for Businesses
[8:26] Rates of Return
[9:41] Government Intervention in Bank Accounts
[12:27] Life Insurance and College Applications
[13:25] Live Your Life Insurance (and Book)
[13:48] Financial Planning Has Failed
[14:33] P.U.A.
[17:48] Wrap-Up
[18:19] Outro
On today’s episode of the Prosperity Podcast, best-selling financial author Kim Butler and No BS Money Guy Todd Strobel uncover the reasons you should know about self-directed IRAs. They discuss their benefits and disadvantages. Kim explains the term “roll” as it relates to finances. Todd compares self-directed IRAs against a 401(k). Finally, they breakdown the different payoffs that are associated with your self-directed IRA.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
[0:00] Prologue
[0:19] Intro
[0:36] Self-Directed IRAs
[2:59] Self-Directed IRA Trustees
[4:04] Fees and Costs
[7:35] Defining the Term “Roll”
[9:24] Rolling into a Self-Directed IRA
[11:00] Fighting Off the 401(k) Pressure
[13:07] Self-Directed IRA Payoffs
[14:35] Peer-to-Peer Lending
[16:08] Financial Planning Has Failed
[16:45] Wrap-Up
[17:21] Outro
Kim Butler and Todd Strobel respond to a user question about when to talk about money with your children. Kim explains the benefits of starting early and brings up, The Opposite of Spoiled, by Ron Lieber in discussing allowances. Then, Todd breaks down a trend in millennial student debt and they look into alternative solutions to that debt. We all know money talks, but do we know how to talk about money? Find out on today’s episode of the Prosperity Podcast. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
[0:00] Prologue
[0:19] Intro
[0:30] A User-Submitted Question
[0:50] What Age to Start?
[3:05] Ad Marketing to Young Children
[4:34] Exposing Kids to Household Finances
[7:26] Teaching Savings
[9:41] Setting Up a Family Business
[10:21] Changing Attitudes to Curb Trends
[11:56] Understanding Alternatives
[15:58] Involving Children When Family Finances Change
[18:04] Financial Planning Has Failed
[18:46] Outro
Kim Butler and Todd Strobel go over several ideas, strategies, and best practices to maximize your money. For instance, Kim explains how you may be able to dramatically increase the upper limits of your property and casualty protection… with NO out-of-pocket costs! Kim and Todd also give an important tip on how you can use your smartphone to help protect your belongings! Kim discusses mortgages, life insurance, disability, and long-term care insurance as well. Finally, they discuss where and how to store your cash. When was the last time you looked over your insurance and finances? Has it been too long? Find out what steps to put on your financial checklist on today’s episode of the Prosperity Podcast.
If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
[0:00] Prologue
[0:19] Intro
[0:39] Choosing a Time to Review
[1:08] Automobile Deductibles
[5:09] Keeping Pictures of Your Valuables
[6:33] Personal Liability Umbrella
[10:41] Medical & Disability Insurance
[14:19] Long-Term Care Insurance
[15:47] Wills, Trusts, and Power of Attorney
[19:06] Types of Ownership
[20:46] Life Insurance
[22:56] Reviewing Your Own Money
[24:25] Mutual Funds, Stocks, and Bonds
[25:55] 401(k) and IRA’s
[28:37] Mortgages and Investment Real Estate
[31:20] Bridge Loans and Life Settlements
[32:30] Financial Planning Has Failed
[33:18] Wrap-Up
[34:05] Outro
Best-selling financial author Kim Butler and No B.S. Money Guy Todd Strobel explain why Partners for Prosperity has chosen to be part of a MOVEMENT – not simply a “financial practice.” They discuss how a movement differs from a practice. Kim tells us how Prosperity Thinkers is focused more on cooperation with others in our industry than gaining a competitive advantage against them.
Todd recommends the best type of people to have in your corner on your financial team. Finally, they leave us with action steps to help you analyze your life insurance. Will you join the movement? Find out more on today’s episode of the Prosperity Podcast.
If you would like the opportunity for us to answer your question on the show or be a guest on our show, be sure to keep sending us questions and reach out to us!
Show Notes:
[0:00] Prologue
[0:19] Intro
[1:06] Cooperation in Competition
[2:59] Impact of Inflation
[4:26] The Prosperity Economics Movement
[6:52] Truth Concepts
[10:03] Numbers are not Static
[12:14] Financial Planning Has Failed
[15:45] Handling Your Own Finances
[18:20] Building a Financial Team
[21:28] Action Steps
[23:15] Wrap-Up
[24:15] Outro
Kim D. H. Butler and host Todd Strobel discuss an article in Money Magazine, “13 Things to Do with $100k.” Should you remodel your home? Buy a franchise? Purchase an annuity? They break down the list of options and also discuss alternative investments. Kim defends the belief of protecting the principle. Todd praises Kim for all her work in making clients’ money do more for them.
If they had $100,000, wouldn’t our hosts buy a Tesla, too? Find out on today’s episode of the Prosperity Podcast.
If you would like the opportunity for us to answer your question on the show, be sure to keep sending us questions!
Show Notes:
[0:00] Prologue
[0:19] Intro
[0:32] 13 Things to Do with $100k
[2:07] Remodel Your House
[4:27] Pay Off Your Mortgage
[5:43] Opportunity Costs
[7:02] Buy a Franchise
[8:42] Invest in a New Degree
[10:46] Buy an Annuity
[12:39] Financial Planning Has Failed
[13:20] Buy a Tesla
[15:05] Cash Flow Stream
[17:50] Buy a Vacation Home
[20:51] Buy an Indexed Fund
[22:06] Summary
[23:35] Wrap-Up
[24:11] Outro
Kim Butler and Todd Strobel discuss a recent analysis from an insurance company we do business with. What do the findings tell us? What kind of life insurance do our clients buy, and why? What do they do with it? What do we know about our clients from the study? Find out on today’s show.
If you would like the opportunity for us to answer your question on the show, be sure to keep sending us questions!
Show Notes:
[0:00] Prologue
[0:19] Intro
[1:01] What’s Up at Partners 4 Prosperity?
[2:49] Assets Under Management
[4:11] Death Benefit Over Time
[9:01] Creating an Arbitrage
[11:08] The Insurance Benefit
[12:47] Big Picture Numbers
[16:08] Shift in Thinking
[18:02] Diversity in Ages
[19:39] Financial Planning Has Failed
[20:11] Wrap-Up
[20:21] Outro
P4P’s Kim Butler and No BS Money Guy Todd Strobel answer another listener-submitted question. Life insurance terminology and lingo is the topic of discussion. Kim and Todd travel the A to Z’s of life insurance with a few pit stops along the way. Also, will this episode be the last for Todd’s favorite phrase, “super?” Find out on today’s episode of the Prosperity Podcast.
If you would like the opportunity for us to answer your question on the show, be sure to keep sending us questions!
Show Notes:
[0:00] Prologue
[0:19] Intro
[0:52] Understanding Life Insurance Terms and Terminology
[3:11] Premiums
[5:08] Cash Value
[8:43] Dividends
[12:37] Gross Cash Value
[13:22] Automatic Paid-Up Additions
[16:35] Waiver of Premium
[18:36] Death Benefit or Face Amount
[19:41] Financial Planning Has Failed
[20:34] Increasing Death Benefit
[21:15] Interest
[23:42] Positions Within Life Insurance
[25:52] Automatic Premium Loans
[27:02] Reduced Paid-Up
[29:26] Opportunity Cost
[30:41] Wrap-Up
[31:29] Outro
Kim Butler and Todd Strobel stay after class to finish their test. Questions about Financial Literacy are asked, answered, and discussed as Kim and Todd go through the last half of a financial literacy test. This section of the test features segments about saving and investing. Also, the final part of our test asks a few questions about taxes and the role of government over your money.
Sit down and take out a No. 2 pencil for today’s episode of the Prosperity Podcast!
If you haven’t already, get your copy of Financial Planning Has Failed, now available as both an audiobook and ebook! Read or listen today to learn how you can build wealth without Wall Street risks and worries.
Show Notes:
[0:00] Prologue
[0:19] Intro
[0:38] Irrelevant Questions
[2:01] Annual Interest Earned on a Savings Account from a Bank
[3:19] Mutual Funds and Securities
[5:53] Accounts for Retirement with After-Tax Contributions
[7:16] Conservative Holdings on an Account
[9:30] Families Most Affected by a 10-Year Period of High Inflation
[12:26] Assets that Protect You Against Inflation Increases
[13:49] Actions to Benefit Large Sums of Money (and the importance of liquidity!)
[15:39] How to Calculate Savings
[16:30] Taxes that Change When You Move
[17:47] Retirement Income from the Federal Government
[18:30] United States Corporate Tax Rates
[21:49] Federal Income Tax Payment
[23:54] Wrap-Up
[24:45] Prosperity Accelerator Pack
[25:31] Send Us More Questions
[25:58] Outro
How financially literate are students? Kim Butler and Todd Strobel head back to high school to take a test. Questions about Financial Literacy are asked, answered, and discussed, as well as why a few of the questions themselves might be misleading! This financial literacy test features a segment about investing, financial responsibility and insurance, as well as a segment on credit cards and debt. There will be no talking during the test on today’s episode of the Prosperity Podcast. If you haven’t already, check out our ebook, Financial Planning Has Failed, now available as an audiobook as well. Visit our site and download your free copy now!
Show Notes:
[0:00] Prologue
[0:19] Intro
[0:37] The Financial Literacy Test
[1:59] The Best Source of Investment Advice
[4:22] Brokerage Firms that Provide Lowest Cost of Shares
[5:31] Who Supports the Loss of Value in a Mutual Fund?
[7:10] When are You Least Likely to be Asked About Your Credit Score?
[8:30] Which of These People Needs the Greatest Amount of Life Insurance?
[11:43] Prosperity Accelerator Pack
[12:21] Insurance that Covers Automobile Flood Damage
[13:05] Credit Cards for Those that Pay the Monthly Balance
[14:54] Minimizing Future Interest Payments
[16:30] Terms Not Associated with Borrowing
[16:58] Actions that Most Change a Credit Score
[17:51] Credit Scores and Finance Charges
[19:59] Wrap-Up
[20:38] Outro
How should investors respond to the 401(k) on the decline? Is the stock market poised for another correction? Today’s episode presents the argument for self-directed IRAs and non-correlated investments. Kim Butler and Todd Strobel explain the ripple effect that Baby Boomers have had on 401(k). They explain how this will impact the market and why it may be a good thing, in the long run. They also discuss alternative ways to invest, particularly non-correlated asset classes and investments that do not fluctuate with stock market prices. It’s all about making your money grow and work for you in today’s episode of the Prosperity Podcast.
We now have our ebook, Financial Planning Has Failed, available as an audiobook. Visit our site and download your free copy now!
Show Notes:
[0:00] Prologue
[0:19] Intro
[1:12] Money Flows Out of 401(k)
[4:04] How Will This Affect the Stock Market?
[7:05] Explaining 401(k)
[9:05] Using That Money Elsewhere
[9:33] Self-Directed IRA
[11:11] Non-correlated Investments
[12:39] Creating Income
[14:11] Wrap-Up
[15:38] Outro
Kim Butler and Todd Strobel breakdown college and why the costs keep rising. They analyze higher education based on the Prosperity Principles and also from looking at the numbers. They take into account both the parent’s and the student’s prosperity as factors. Are there alternatives to handling the cost of education? Yes, and we discuss why a 529 plan is NOT what we recommend.
Finally, we answer the age old question of, “What are they teaching kids these days?” in today’s episode of the Prosperity Podcast.
We now have our ebook, Financial Planning Has Failed, available as an audiobook. Go here to get your free copy now! You’ll get access to the PDF ebook along with the audiobook version.
Show Notes:
[0:00] Prologue
[0:19] Intro
[1:06] Why Does a College Degree Cost so Much? (Article)
[4:12] College by the Numbers
[5:38] Parent’s Point-of-View
[8:36] Is College Teaching Prosperity Thinking?
[11:34] The Cost is MUCH More Than Just Tuition
[13:31] Underfunded Pensions and How They Affect College Costs
[14:12] An Expensive Question
[17:00] Pro-Prosperity Thinking
[18:56] Wrap-Up
[19:39] Outro
RESOURCES:
Tammi Brannan at Instinctive Life
Kim Butler and Todd Strobel discuss the importance of having meaningful conversations. They discuss the importance of keeping partners involved, informed, and prepared in case of an untimely crises or other changes. The Big D’s such as Death, Divorce, Debt, and Documents stage on today’s episode of the Prosperity Podcast. How can you prepare for the unexpected? Find out on today’s show!
Show Notes:
[0:00] Prologue
[0:19] Intro
[1:15] How to Prepare for Crises – Communication is KEY!
[4:13] Put it on Paper – FiveWishes.org is a great resource, Quickbooks, Mint.com
[7:15] Dealing With “The Problem” – What happens when one spouse doesn’t want the other to know?
[10:46] Pro-activity in Emergencies. – Use TheTorch.com
[13:33] Permission to Spend
[15:43] Financial Planning Has Failed
[16:36] Keep Sending Questions
[17:15] Wrap-Up
[17:39] Outro
Kim Butler and Todd Strobel continue their discussion on mortgages. They show how debt and mortgages are intertwined and how it’s not a bad thing. Reverse mortgages are also discussed and can be recommended to a specific audience. Yet Kim proposes a specific solution. The Prosperity Principles are on full display in today’s episode of the Prosperity Podcast.
Show Notes:
[0:00] Prologue
[0:19] Intro
[1:07] “HAVING” Debt vs. Being “IN” Debt
[3:12] Debt, Peace of Mind, and the Unique Role that Mortgages play in Debt
[6:32] Why We Became Afraid of Mortgages
[9:12] Interest Vs. Tax Deduction
[11:11] Reverse Mortgages Can Provide Tax-Free Income (but this should NOT be the goal!)
[14:14] What To Do with Extra Money Each Month (How to keep control of it!)
[15:35] The DANGER of Pre-Paying Your Mortgage! (from a former mortgage banker)
[16:30] Get the Prosperity Accelerator Pack or just Financial Planning Has Failed
[17:11] Wrap-Up
[17:49] Outro
Kim Butler and Todd Strobel set their sights on mortgages in this episode, analyzing different strategies by using the Prosperity Principles to uncover the best options. They discuss down payments, compare 15 vs 30 year mortgages, and tackle other questions to consider when getting a mortgage, with some surprising answers! How big should your down payment be? Is a 15 or 30 year mortgage more efficient in the long run? What is the value of your cash down payment, or your cash flow? And is there value in “peace of mind”, even if it means choosing a less effective economic strategy? Find out in today’s episode of the Prosperity Podcast.
Show Notes:
[0:00] Prologue
[0:19] Intro
[0:41] Mortgages – the Largest Debt Many People Have (and greatly misunderstood)
[2:01] Questions to Ask… Your Cash has a Cost
[3:33] Considering the Amount to Put Down
[8:11] 15 or 30 Year Mortgages (and how to compare correctly)
[12:16] How to be More Prosperous by “Investing the Difference”
[17:03] Summary of Recommendations
[17:57] Outro
Daring to be “politically incorrect,” Kim Butler and Todd Strobel attempt to break down the stigmas between economics and politics. Obamacare and the language of economics are discussed, along with the challenge of having honest and open conversations about economics. Is there any room for political correctness in economics? How are Todd’s economic discussions affecting his dating life? Find out in today’s episode of the Prosperity Podcast! [0:00] Prologue
[0:19] Intro
[1:40] Consequential Discussions
[2:51] The Science of Economics VS the Art of Politics
[4:22] A Change in Vernacular
[5:13] Building Wealth
[6:57] Are we exchanging Wealth for Freedom?
[8:20] The Fifth Principle of Prosperity: Control
[9:06] Obamacare and Todd’s experience purchasing health insurance for employees
[12:15] The First Principle of Prosperity: Think
[13:30] Bring it Back to Economics
[14:18] Ebook giveaway to our listenings: Financial Planning Has Failed
[15:12] Outro
On today’s episode of the Prosperity Podcast, Kim Butler and Todd Strobel analyze whole life insurance rates of return for different age brackets. Surprisingly, this reveals that “you’re never too old for life insurance!” The current net rate of return is discussed. Finally, if you do not qualify for life insurance due to health or lifestyle risk factors, have you considered the alternatives to insuring yourself? There are ways to be the policy owner without having to qualify for life insurance if you can establish an insurable interest in someone else, such as a child, grandchild, business partner or key employee.
Kim and Todd also discuss something she is very proud of: Kim’s daughter, Kaylea Butler has released a book, Every Day is A Miracle: Lessons from Susan Rammekwa.
On today’s episode of The Prosperity Podcast, Kim Butler and Todd Strobel dive into the realm of bonds. They discuss the history and current climate of bonds, such as muni-bonds. The current market and quality of those bonds are examined as well. The recent San Bernadino ruling on bondholders and pension funds is broken down. They wrap the show up by reminding you to adjust your strategies and techniques as the times change. [0:00] Prologue
[0:19] Intro
[0:41] What is a bond?
[1:55] Investing Today – Bond Funds
[3:32] Consider the Stability of the Issuer
[5:34] Recent Bankruptcy Hearing
[6:28] Pension Promise VS 401k/403(b)
[8:52] History of the “Promise”
[10:01] A Pension Perfect Storm
[11:11] The Current Quality of Bonds
[13:33] Will Interest Rates Increase and What Happens if they do?
[15:04] Change the Strategies & Techniques with the Times
[15:58] Cash Value of Life Insurance
[17:10] Outro
[17:58] Epilogue
Be sure to check out Kim D.H. Butler’s book, Live Your Life Insurances, which can be purchased on her site or on Amazon.
In this episode, Kim D.H. Butler and Todd Strobel talk about the differences between Austrian and Keynesian Economics and how these economic theories relate to today’s economy. They also share the challenge of having our savings and investments beat inflation. [00:00:32] Today we’re talking about Austrian vs Keynesian economics
[00:01:32] With our current economic issues it’s critical to understand how finances are being managed
[00:02:42] The current President is running our country by the Keynesian economic theory
[00:03:23] Keynesian economists believe that spending money is what drives things
[00:05:29] Talking about Austrian economics
[00:06:05] Austrian economists believe that saving is the motor of the economy and that private property and a free market drives growth
[00:06:58] The challenge with Austrian thinking is that when we save money we temporarily remove that money from the money supply
[00:07:34] Austrian economics type of thinking is a fabulous long term solution
[00:07:41] Keynesian type of thinking is a short term solution
[00:09:17] In our current interest rate environment we are penalized to save
[00:10:13] Many of our grandparents lived in the era of Austrian thinking with little government control
[00:11:16] Kim and Todd talk about inflation and how it affects us
[00:12:17] “The inflation tax, while largely ignored, hurts middle class and low income Americans the most…” – Ron Paul
[00:12:36] We need to look at inflation like we look at taxes
[00:13:05] Having investments that earn a low double-digit rate of return is necessary to beat inflation
[00:13:49] Roles of a free market under the two economic systems
[00:14:58] The United States of America was formed on the basis of a free market and the desire for personal freedom which then comes with personal responsibility
[00:17:16] Todd shares a powerful quote from John Maynard Keynes
In this episode, Kim D.H. Butler and Todd Strobel talk about life settlements and the history and benefits of this underrated investment. Life settlement investments produce predictable, healthy returns and follow the “zero risk tolerance” guideline discussed in episode 15. However, they are controversial and often misunderstood.
In this episode, Kim and Todd discuss the benefits, the history, and some of the ins and outs of life settlements. Learn if this investment with healthy returns and low, low risk is for you!
0:30 – Introducing today’s topic of life settlements
1:18 – Kim explaining life settlements in plain and simple terms
4:02 – Why it’s a good idea to diversify with life settlements outside of the markets
5:15 – How this a predictable investment and follows our zero risk tolerance policy
7:02 – Answering the question: How are life settlements related or not related to viaticals
9:17 – Win-Win: We like the fact that life settlements help seniors as well as investors.
12:08 – Todd summarizes the topic and goes into more details about life settlements
13:24 – Using the law of large numbers produces a consistent rate of return
14:40 – Time commitments and barrier to entry for life settlements
15:47 – Get the full resources and details about life settlements at Partners4Prosperity.com – Click for our Life Settlement articles.
16:12 – If you are an accredited investor Kim and Todd have specific websites and information you can access to learn more.
How to Save Better, Grow Your Assets Faster and Create Substantial Cash Flow… Without Stock Market Risks! This special episode of The Prosperity Podcasts features an interview Mark Cosman from Experts Showcase did with best-selling financial author, Kim D.H. Butler. Mark presses Kim to name the 3 biggest problems that investors face:
- When saving, they don’t know where to store cash where it can keep pace with inflation.
- When investing, they have a hard time creating growth in their assets without risking principal.
- When desiring investment income, they don’t know how to use their assets to create efficient cash flow.
Fortunately, Mark also asks Kim for her proven investment solutions! Kim shares her favorite financial strategies and vehicles for saving money, growing assets, and creating cash flow.
They also discuss how to protect yourself from risk, why Kim has “zero risk tolerance,” and how risk tolerance questionnaires make investors think they have no choice but to subject their assets to the risks of the stock market to earn respectable gains! Fortunately, that is not true.
Mark reveals how listeners can get more details as part of the Prosperity Accelerator Pack. You certainly don’t want to miss this special episode!
0:17 – Kim Butler and Todd Strobel share some highlights of the interview
2:23 – Start of The Experts Showcase interview
3:54 – The 3 main themes of the show
4:17 – Finding alternatives to storing your money in banks and money market accounts.
5:53 – Kim reveals 200 year old financial secret that earns 4 – 5% and can replace your inefficient bank account
8:03 – Creating cash flow in our investments today
10:15 – Sharing examples of a consistent cash flowing investment
12:20 – How to avoid losing your money!
13:35 – Why I have a zero risk tolerance for losing money
15:45 – Mark talking about the prosperity accelerator pack
17:09 – How to get your money to work at least as hard as you do
In this episode, Kim D.H. Butler and NO BS Money Guy Todd Strobel tell the real story of the qualified retirement plan.
Who really benefits?
Which types of plans give you the most freedom towards your prosperity, and which should you AVOID?
One key thought in today’s conversation is, “When the government is benefiting, it typically means that we are not.”
0:27 – Let’s talk about the real story of the qualified plan
2:01 – The difference in tax treatments between qualified plans
3:05 – Is the qualified retirement plan structure truly beneficial?
3:54 – Sharing the 7 Principles of Prosperity
5:11 – In order to gain prosperity, you need to have your brain on, you need to be thinking, you need to be consciously doing things not just letting it happen.
5:21 – Todd’s profound quote, “prosperity follows responsibility”
7:48 – Why is the government providing a tool for tax deferrals and is it really beneficial
8:57 – When the government’s benefitting, it typically means that we are not
9:44 – Should you contribute to the up to the match or the max in your retirement plan?
11:24 – Kim talks about her latest book, Busting the Retirement Lies
12:50 – Why you should be investing for cash flow from the get go
14:30 – Investing for cashflow vs. equity
15:55 – You should have control over your structure and over the investments inside that structure
18:00 – How to create movement with your money
19:39 – When money is moving or leveraged in any way, it is healthier money
20:52 – How to get your money to multiply
22:33 – When dollars are just doing one job, if they’re just enabling us to retire, if they’re just educating a child, that’s not as effective or as efficient as dollars that could do both.
22:58 – How to avoid paying huge penalties in taxes to use your own money
In this episode of the Prosperity Podcast, you’ll learn why you should be very careful with any government plans and strategies when it comes to your wealth! Kim D.H. Butler and NO BS Money Guy Todd Strobel talk about freedom and liberty, and how they relate to prosperity. They share excerpts from the book ‘Are We Good Enough for Liberty?’ by Lawrence W. (aka Larry) Reed of FEE.org. FEE is the Foundation for Economic Education, a non-profit organization dedicated to educating future leaders about the economic, ethical and legal principles of a free society.
0:33 – Today we are talking about the book, Are We Good Enough For Liberty?
1:21 – Kim shares how she was introduced to FEE and Larry Reed the head of the organization.
3:04 – FEE’s mission is to enhance each individual’s understanding of themselves and the systems that they live in.
3:35 – How to be in control when everything feels out-of-control.
4:07 – The three requirements in order to have an effective and productive society.
6:06 – Why private property encourages pride of ownership.
6:15 – What does free competition mean and how can we benefit from it?
7:59 – The fight towards increasing wage and what affect it has on you.
11:08 – Why we prosper with a severely limited government.
11:43 – Kim shares a story where Donald Trump stepped in and outperformed the government because of the free market.
12:53 – Any time the government puts forth a plan, strategy or structure we need to be really careful.
15:04 – Todd talks about the base of the prosperity pyramid.
16:45 – “No people who lost their character ever kept their liberties”
17:25 – The one key quality Warren Buffett looks for in people.
20:10 – Talking about the integrity of the main character in the movie Cinderella Man.
21:05 – The #1 thing you can do to improve your character.
In the debate over what kind of financial advisor you should (and shouldn’t) take advice from, it is clear where best-selling financial author Kim Butler and “No B.S. Money Guy” Todd Strobel stand. In this podcast they discuss the differences between advisors who operate from a Fiduciary standard and those who work from a Suitability standard. Kim stresses the value of the focus a fiduciary advisor will place on their client, contrasted with the focus the advisor will put on themselves. Whose best interests take priority?
Todd summarizes the episode’s theme in one poignant comment. He encourages buyers to listen for two different sentences when meeting with their advisors. If they say, “I am required to say if the recommendations I make are good or bad for you,” their focus is on not on you. If they say, “I am required to say if the recommendations I make are the best for you,” your success is the first point on their agenda.
The two leave the podcast with a few words regarding the value of Prosperity Economicsand ways that those listening can hear more about it.
0:00 Intro
0:18 Welcome
0:32 Fiduciary vs. Suitability Standard
1:21 Advisor working from a fiduciary standard definition
1:51 Advisor working from a Suitability standard definition
4:40 Good or bad for you vs. best for you
5:19 License differences
6:05 Assets under management
7:00 Investment fees separate from advice fees
9:56 Qualifications for making a decision on a specific investment advisor
12:00 Prosperity Economics vs. typical financial planning.
13:58 List of Kim D. H. Butlers books on Prosperity Economics.
15:14 Wrap up
Today’s episode of The Prosperity Podcast continues the debate over whole life insurance vs. term life insurance. Best selling financial author, Kim D. H. Butler and “No B.S. Money Guy,” Todd Strobel pick up where they left off previously, discussing comments sent in by a reader in support of term insurance vs. whole life insurance. The arguments and responses covered include: price comparison, investing comparison, and large commission comparison.
Kim and Todd address the reasoning behind each question the viewer had and then proceed to teach why both whole life and term insurance are important and practical. Most clearly, they express why term on its own is not a long term option, as its name suggests.
Once again, the final consensus is that a combination of both insurance options is the best way to stay protected as well as save for the future.
0:00 – Introduction
0:18 – Welcome
1:06 – Recap on previous podcast concerning term insurance vs. whole life insurance debate
2:51 – Argument #5 Why is term insurance cheaper than whole life?
3:02 – Response to argument #5 Immediate price comparison is not helpful because they have different functions over time. It’s like renting vs. buying.
6:16 – Argument #6 “Unbundling” gives the client more cash back and more options on investing.
7:10 – Response to argument #6 part one: Actually, it’s the “investing” part of “buy term and invest the difference” that often doesn’t work well.
9:33 – Typical advisor recommended investment information.
10:15 – Response to argument #6 part two: Whole life out-performs many other savings vehicles and even many investment vehicles, depending on the environment.
12:00 – Sales of term insurance helps the insurance company meet the 4 to 5 percent net figures to the whole life policy owners.
13:24 – Argument #7 insurance agents sell whole life to make huge commission.
13: 34 – Response to argument #7: Term, whole life and mutual funds can all deliver good commissions. Commissions are necessary to business success. It is ludicrous to think that a 200-year old product has survived only because of commissions!
14:44 – Wrap up
In this episode of The Prosperity Podcast, best selling financial author, Kim D. H. Butler and “No B.S. Money Guy,” Todd Strobel take on some misconstrued ideas regarding whole life insurance vs. term insurance. Looking at a comment that was left on Partners for Prosperity’s blog, they clarify four aspects of whole life insurance, busting four common myths: These include:
- Do you “pay for two and get one” benefit?
- Is there really “zero cash value”?
- What about the death benefits – does term really give you more? and
- Is whole life too expensive for middle income families?
The question and answer sequence of this particular podcast is a great way to uncover misconceptions that various insurance buyers might have, especially if they are relying on “internet advice” or even advice from financial planners who do NOT specialize in life insurance.
This episode presents facts that will help buyers make properly informed decisions. Through questions and answers, Kim and Todd determine that a combination of both whole life insurance and term insurance may actually be the safest and most reasonable option for many families.
0:00 – Introduction
0:18 – Welcome
0:40 – Recap on past podcast encouraging combination of term insurance and whole life insurance.
1:00 – Whole Life insurance vs. Term Insurance
2:44 – Comment on partners4prosperity.com website with concerns regarding whole life insurance.
3:36 – Argument #1 Pay for two and only get one with whole life insurance (death benefit or cash value).
3:41 – Response to argument #1 Pay for one and get three or four benefits!
6:17 – Argument #2 Zero cash value.
7:39 – Response to argument #2 Cash value always grows with whole life.
7:53 – Examples of growth and also paid-up additions rider.
9:01 – Argument #3 Insurance company takes accumulated cash value in exchange for the death benefit.
9:50 – Response to argument #3 Death benefit grows along with cash value. Rate of return is excellent when claims are paid.
12:00 – Term insurance is limited because claims are rarely made.
13:15 – Argument #4 Cost to cover death benefit is too expensive for middle income family
13:54 – Response to argument #4 Whole life insurance is one of the best places to save money long-term.
15:00 – Wrapping up.
Our hosts are back in this episode of The Prosperity Podcast to answer all of your life insurance questions. “No BS Money Guy,” Todd Strobel, and best-selling financial author, Kim D. H. Butler instruct listeners in Life Insurance 101. Answering common questions, Kim and Todd clarify differences between types of life insurance, and give listeners sound insurance advice. They explain the many different ways we can use life insurance, and which types are the most ideal for different situations. This truly is a life (insurance) lesson you won’t want to miss!
0:19 – Welcome
0:42 – Common questions regarding life insurance
1:00 – What to do with your cash?
2:00 – The oldest life insurance product
3:40 – Clarifying whole life vs. term insurance
6:10 – Summarizing functions of life insurance
7:07 – Convertible term insurance
9:31 – Term/whole life hybrids
13:49 – “In force” illustrations
15:10 – Kim’s last thoughts
Are financial advising and financial planning the same thing? Todd and Kim say they are NOT! In this episode of The Prosperity Podcast, “No BS Money Guy” Todd Strobel and Kim D. H. Butler, best-selling financial author, clear the murky air and set straight the differences between financial advising and planning. Our hosts point out the impossible problems of financial planning and the traps we can fall into when relying on financial planning. They also talk about how financial advisingis different and WHY it works better than financial planning to build wealth and prosperity.
0:20 – Welcome!
0:45 – Financial Advising vs Financial Planning
1:48 – The faults of financial planning
4:20 – The advantages of financial advice
5:50 – “Projected” retirement age?
7:30 – The risk tolerance question
9:00 – Average vs. Actual
11:10 – Target portfolios and the stock vs. bond split
12:30 – Full disclosure
13:20 – Focusing on the next 3-5 years
13:45 – Using Prosperity Economics
14:40 – Wrapping up
In this episode of the Prosperity Podcast, “No BS Money Guy,” Todd Strobel and best-selling financial author, Kim D. H. Butler talk about the different types of financial advisers that exist and the pros and cons of each type. They answer questions about which type of adviser is the most beneficial for various situations and how to decide which is best for your situation. Our hosts answer the question about free financial advice and whether or not the phrase “you get what you pay for” rings true in those types of situations. Referring to insurance, Todd and Kim remind us that investments are not our only way toward gaining financial stability and growth.
0:19 – Welcome to another edition
0:31 – Praise for Prosperity
1:15 – Developing a prosperity mindset
3:14 – What is a financial adviser?
4:30 – 1st camp: the suitability standard
5:15 – 2nd camp: fiduciary adviser
6:11 – 3rd camp: insurance agents
6:50 – Investments aren’t everything
7:45 – Clarifying questions
8:05 – Which one do I need?
13:12 – What about free financial advice?
15:29 – Take care!
Picking up where they left off last episode, “No BS Money Guy,” Todd Strobel, and best-selling financial author, Kim D. H. Butler, resume talking about life insurance and how we can use it for our benefit beforeour death.
Todd and Kim discuss two different working examples of how we can utilize our death benefits during our lifetime. They present the pros and cons of various life insurance policy options and make recommendations on which they believe could be in our best interest in certain situations.
Many people do not realize how life insurance can be used to transfer wealth while the policyholder/insured is still alive and well! We are encouraged by the hosts to not wait until death to use our insurance to benefit others, but rather to give while we live.
0:19 – Hi everybody!
0:33 – Picking up where we left off
0:50 – Using your life insurance in your 70’s 80’s and 90’s
1:11 – Benefiting the next generation with life insurance
1:29 – Utilizing both term and life insurance
2:20 – Example of how to use your own death benefit during life
4:00 – Second Example
6:58 – Clarifying examples
8:20 – Buying life insurance for permission to spend
9:40 – Touching on universal life insurance policies
10:17 – Question: using life insurance to give
11:35 – Wrapping up
Together again, “No BS Money Guy,” Todd Strobel, and best-selling financial author, Kim D. H. Butler, take on the topic of the hidden tax that all Amercians face. It’s a silent, stealth tax that no voters approve, yet it robs us nonetheless. The hidden tax our hosts refer to in this episode is INFLATION. It erodes our savings and injures our earning potential.
With an open transparency, Todd and Kim discuss this hidden tax and tell us what the government doesn’t want us to know about who it is benefiting. They caution us against lifestyle inflation as well, and give us tools to help us navigate through these sly and concealed financial thieves.
0:18 – Welcome back
0:40 – Preview of episode content
2:02 – What exactly is this hidden tax?
3:45 – Who is inflation actually benefiting?
6:15 – Talking about lifestyle inflation
7:00 – Addressing top challenges of inflation
9:10 – Reviewing top challenges
11:10 – For personal situations, visit our website
What is it you want to accomplish with your money? Is what you’re doing with your dollars helping to make that happen? Join “No BS Money Guy” Todd Strobel and bestselling financial author, Kim D.H. Butler as they discuss how the power of focus relates to your prosperity. Are your thoughts and actions helping you reach your financial goals? Hear examples and suggestions of how our focus can serve us and help us build peace of mind as well as financial prosperity.
When investors try to be fence sitters, their dollars end up compromised and ineffective. Todd and Kim discuss how putting some money firmly on each side of the fence can stabilize us and help prevent a nasty financial tumble. By looking outside the stock market, the hosts show listeners how they can increase control over their dollars and produce the best, most immediate financial results.
0:19 – Hi and Welcome
0:49 – What are we talking about in this episode?
2:00 – The power of focus and why we must focus on what we can control
3:30 – Don’t sit on the fence with your money!
5:20 – Safety outside of the stock market
12:20 – Are you making your money do what you want it to?
13:00 – What to do about the rumored collapse of the US dollar
14:24 – Last minute 401K question
16:40 – Thank you for listening!
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 Flow10:49 – 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
Picking up where they left off last episode, Kim D. H. Butler joins No BS Money Guy Todd Strobel in discussing the remaining 4 principles of the 7 Principles of Prosperity. Kim and Todd start the episode off by reminding us of the first 3 principles – Think, See, and Measure – and briefly recap details and applications of these 3 principles.
Continuing on, Kim then introduces the remaining 4 principles: Flow, Control, Move, and Multiply. She goes into detail about what these principles are and what they mean for us. She provides strategies involving these principles to help us more fully utilize our money and maximize our prosperity potential.
After Kim briefly reviews with us the 7 principles, Todd recounts two real-life client examples to help illustrate how using these principles can help us be more financially prosperous and have financial flexibility. He then compares that to a story illustrating how ignoring these principles can cause fiscal hurt and restrict our financial freedom.
0:00 – Introduction
0:15 – Hello with Todd Strobel
0:27 – Picking up where we left off
0:51 – Reviewing first 3 principles of prosperity
4:23 – Principle #4: Flow
5:08 – Cash flow should start the day you start saving money
5:45 – Money shouldn’t end when in a retirement or savings account
7:04 – Principle #5: Control
7:30 – Who controls your money?
8:49 – Principle #6: Move
9:30 – Move your money through things, not to them
11:00 – Principle #7: Multiply
11:50 – Do your dollars do multiple things?
12:35 – Review of 7 Principles
14:00 – Example of real life clients
15:48 – Wrapping up
Bestselling author Kim D. H. Butler and co-host Todd Strobel sit down to talk Prosperity and discuss strategies to help us reach that lofty goal. Kim shares what Prosperity means to her and how to get our dollars to do more by utilizing a prosperous mindset. Kim and Todd discuss the differences between Scarcity and Prosperity and the benefit of recognizing continuous potential for more resources. We can learn how to experience prosperity without taking away from someone else.
Todd and Kim tell us about how we don’t have to take greater risks with our money in order to experience prosperity; we don’t have to settle and deal with risk tolerance. They introduce us to the 7 Principles of Prosperity and review the first three: Think, See and Measure.
0:17 – Introduction with Todd Strobel
1:21 – Kim D. H. Butler’s take on the word Prosperity.
3:10 – Prosperity versus scarcity.
6:22 – Isn’t prosperity related to risk?
10:20 – Introducing the 7 Principles of Prosperity.
10:30 – Principle number one: Think.
13:51 – Principle number two: See.
16:32 – Principle number three: Measure (opportunity cost).
18:42 – Questions? Reach out to us!
20:44 – Wrapping it up