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Business
Education
Investing
Self-Improvement

The Prosperity Podcast

Updated 4 days ago

Business
Education
Investing
Self-Improvement
Read more

Take control of your own money with alternative investments that get your money off of Wall Street and into reliable, profitable substitutes. 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 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. Produced by Partners for Prosperity Inc., a Registered Investment Advisor, Prosperity Podcast will give you the tools you need to get away from the risky stock market and ineffective banking and into alternative investments that will put your money to work without leaving you at the mercy of the markets or rising income taxes. Learn how you can use tools such as life insurance, life settlements, private lending, entrepreneurship and out-of- the-box thinking to build true, sustainable wealth. For more information and to get in touch, visit www.Partners4Prosperity.com

Read more

Take control of your own money with alternative investments that get your money off of Wall Street and into reliable, profitable substitutes. 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 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. Produced by Partners for Prosperity Inc., a Registered Investment Advisor, Prosperity Podcast will give you the tools you need to get away from the risky stock market and ineffective banking and into alternative investments that will put your money to work without leaving you at the mercy of the markets or rising income taxes. Learn how you can use tools such as life insurance, life settlements, private lending, entrepreneurship and out-of- the-box thinking to build true, sustainable wealth. For more information and to get in touch, visit www.Partners4Prosperity.com

iTunes Ratings

48 Ratings
Average Ratings
42
3
2
1
0

Amazing podcast

By Fcnkfbjnu - Jul 06 2019
Read more
Love this podcast and the beautiful energy that Kim and Spencer and previously No BS Todd bring to us. It’s like they are Lightbeings with a life mission to show us a way out of the typical financial roadmap that we are on. So thankful for being shown this alternate better way of handling our financial affairs. It all started with some free Money Revealed shows for me that opened my eyes up to a different worldview!! I came across Garrett Gunderson and so many others in there and somehow found myself here with Kim and Patrick Donohoe, Bob Murphy, Carlos Lara (almost done listening to all the Lara Murphy podcast episodes too), Nelson Nash. Love it that they are all spreading the good news of a better way of life. I have been soaking up almost all the episodes here in just a short period of time, maybe two weeks and couldn’t recommend this podcast more. I have read some of the Busting Lies books of Kim and am working myself up to finish all of them. Thank you for the service you provide.

Great Info

By Jmasondc - Feb 27 2019
Read more
Great personal finance information. Super applicable. Love the “shorter” length of each episode.

iTunes Ratings

48 Ratings
Average Ratings
42
3
2
1
0

Amazing podcast

By Fcnkfbjnu - Jul 06 2019
Read more
Love this podcast and the beautiful energy that Kim and Spencer and previously No BS Todd bring to us. It’s like they are Lightbeings with a life mission to show us a way out of the typical financial roadmap that we are on. So thankful for being shown this alternate better way of handling our financial affairs. It all started with some free Money Revealed shows for me that opened my eyes up to a different worldview!! I came across Garrett Gunderson and so many others in there and somehow found myself here with Kim and Patrick Donohoe, Bob Murphy, Carlos Lara (almost done listening to all the Lara Murphy podcast episodes too), Nelson Nash. Love it that they are all spreading the good news of a better way of life. I have been soaking up almost all the episodes here in just a short period of time, maybe two weeks and couldn’t recommend this podcast more. I have read some of the Busting Lies books of Kim and am working myself up to finish all of them. Thank you for the service you provide.

Great Info

By Jmasondc - Feb 27 2019
Read more
Great personal finance information. Super applicable. Love the “shorter” length of each episode.

Listen to:

Cover image of The Prosperity Podcast

The Prosperity Podcast

Updated 4 days ago

Read more

Take control of your own money with alternative investments that get your money off of Wall Street and into reliable, profitable substitutes. 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 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. Produced by Partners for Prosperity Inc., a Registered Investment Advisor, Prosperity Podcast will give you the tools you need to get away from the risky stock market and ineffective banking and into alternative investments that will put your money to work without leaving you at the mercy of the markets or rising income taxes. Learn how you can use tools such as life insurance, life settlements, private lending, entrepreneurship and out-of- the-box thinking to build true, sustainable wealth. For more information and to get in touch, visit www.Partners4Prosperity.com

Understanding Bridge Loans (Episode 066)

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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

Dec 24 2015

16mins

Play

Buying vs Leasing a Car - Episode 205

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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

Aug 02 2017

12mins

Play

Interest Rates On Investments - Episode 263

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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

Special Listener Gift

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

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.

Jul 17 2018

18mins

Play

Accredited Investor Case Study - Episode 177

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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?

Apr 05 2017

25mins

Play

Whole Life Insurance and How Your Cash Value Grows - Episode 162

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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

Feb 01 2017

15mins

Play

Myths of Borrowing Against Life Insurance Loans - Episode 146

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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

Dec 01 2016

16mins

Play

The Bank of Mom and Dad - Episode 163

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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

Feb 06 2017

28mins

Play

Should I Open A Home Equity Line of Credit?- Episode 197

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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 hello@partners4prosperity.com and we may answer it in an upcoming episode.

Links in this Episode:

Submit your questions: hello@partners4prosperity.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

Jun 29 2017

20mins

Play

The Trump Era Tax Plan Bonus Episode

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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

Special Listener Gift

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?

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.

Dec 08 2017

53mins

Play

Indexed And Universal Life Insurance

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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

Nov 24 2015

15mins

Play

Creating and Updating Wills, Trusts, and Power of Attorney (Episode 065)

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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

Dec 22 2015

11mins

Play

Is It Better To Get A Home Equity Loan or Refinance A Property? - Episode 277

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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

Special Listener Gift

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

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.

Oct 23 2018

12mins

Play

Car Insurance Agents and Life Insurance - Episode 269

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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

Special Listener Gift

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

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.

Aug 28 2018

13mins

Play

Living a Longer And More Fulfilling Life - Episode 268

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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

Special Listener Gift

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

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.

Aug 21 2018

15mins

Play

Peer To Peer Lending

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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

Sep 22 2015

18mins

Play

Borrowing Against Cash Value of Life Insurance- (Episode 108)

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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

Jul 05 2016

16mins

Play

Can You Buy A Car With Life Insurance? - Episode 216

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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

Sep 21 2017

14mins

Play

15 Year Versus 30 Year Mortgages (Episode 077)

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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

Feb 09 2016

16mins

Play

Converting a Traditional IRA to a Roth IRA - Episode 138

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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

Nov 03 2016

14mins

Play

Zero Risk Tolerance for Losing Money.mp3

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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:

1. When saving, they don’t know where to store cash where it can keep pace with inflation. 2. When investing, they have a hard time creating growth in their assets without risking principal. 3. 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

May 19 2015

18mins

Play

Diving into General Electric Freezing Pension Plan - Episode 335

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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 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
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Dec 03 2019

11mins

Play

Being Grateful In Thanksgiving - Episode 334

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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 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

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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Nov 26 2019

11mins

Play

Demystifying the Term Millionaire - Episode 333

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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 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

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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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Nov 19 2019

18mins

Play

The Prosperity Credit - Episode 332

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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 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
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Nov 12 2019

17mins

Play

The Role of an Advisor and Coach in Your Life, Business, and Finances - Episode 331

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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 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

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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Nov 05 2019

17mins

Play

What to Do When You are Stuck in Your Career and Finances - Episode 330

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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 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

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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Oct 29 2019

11mins

Play

Step Up Your Bookkeeping Game With The Right Help! - Episode 329

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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

 

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

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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Oct 22 2019

15mins

Play

Why You Should Not Max Out Your 401(K) Before the End of the Year - Episode 328

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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 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

 

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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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Oct 15 2019

11mins

Play

Preparing Yourself for the End of the Year- Episode 327

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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 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
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Oct 08 2019

12mins

Play

An Upcoming Recession? - Episode 326

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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 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

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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Oct 01 2019

15mins

Play

The Seven Deadly Investor’s Sins - Episode 325

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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 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

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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Sep 24 2019

18mins

Play

Savings is a Verb - Episode 324

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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 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

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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Sep 17 2019

15mins

Play

Back to Good Habits - Episode 323

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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

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

Special Listener Gift

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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Sep 10 2019

9mins

Play

The Circle of Money to Create Wealth - Episode 322

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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

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

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Sep 03 2019

13mins

Play

How Early Should You Start Educating Your Children About Money? - Episode 321

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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

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

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Aug 27 2019

14mins

Play

Estate Planning Mistakes to Avoid - Episode 320

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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

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

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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Aug 20 2019

14mins

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The One Tool For Creating Wealth For Legacy - Episode 319

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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

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

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.

Aug 13 2019

11mins

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The Biggest Missing Piece In Personal Finance - Episode 318

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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

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

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.

Aug 06 2019

10mins

Play

The Better Step: The Prosperity Snowball - Episode 317

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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

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

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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Jul 30 2019

16mins

Play

The Endowment Effect - Episode 316

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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

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

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.

Jul 23 2019

14mins

Play