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Business
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The Prosperity Podcast

Updated 7 days ago

Business
Education
Investing
Self-Improvement
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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

62 Ratings
Average Ratings
53
5
2
1
1

Thank you P4P!!!!

By Pool Rat 👍🏊‍♂️😎 - Apr 03 2020
Read more
Thank y’all at P4P for doin’ all the wonderful good work y’all do!!!! :)

Prosperity

By dwinsure - Apr 02 2020
Read more
Kim does a great job discussing uncommon planning topics!

iTunes Ratings

62 Ratings
Average Ratings
53
5
2
1
1

Thank you P4P!!!!

By Pool Rat 👍🏊‍♂️😎 - Apr 03 2020
Read more
Thank y’all at P4P for doin’ all the wonderful good work y’all do!!!! :)

Prosperity

By dwinsure - Apr 02 2020
Read more
Kim does a great job discussing uncommon planning topics!
Cover image of The Prosperity Podcast

The Prosperity Podcast

Latest release on Oct 20, 2020

The Best Episodes Ranked Using User Listens

Updated by OwlTail 7 days ago

Rank #1: 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

Rank #2: 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

Rank #3: Having A $500,000 Year-Income And Not Saving - Episode 306

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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

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

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.

May 07 2019

19mins

Play

Rank #4: 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

Rank #5: Looking Into Cash Flow Through A Different Perspective - Episode 308

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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

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

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.

May 21 2019

18mins

Play

Rank #6: 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

Rank #7: 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

Rank #8: Graduating To A Prosperous Mindset - Episode 310

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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

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

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.

Jun 11 2019

13mins

Play

Rank #9: Real Estate Investing with Keith Weinhold

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

Links and Resources from this Episode

Special Listener Gift

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

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 12 2018

27mins

Play

Rank #10: 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

Rank #11: 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

Rank #12: The Life Insurance Model

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Today, on the Partners 4 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

Dec 01 2015

13mins

Play

Rank #13: 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

Rank #14: How to Make Cash Flow from Your Assets - Episode 210

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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

Sep 01 2017

18mins

Play

Rank #15: 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

Rank #16: How To Appreciate the Alternatives - Episode 182

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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

Apr 25 2017

13mins

Play

Rank #17: When it’s Time to Move to a Different Policy - Episode 313

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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

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

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 02 2019

13mins

Play

Rank #18: Tips For Lowering Your Taxes - Episode 136

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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

Oct 26 2016

11mins

Play

Rank #19: Gross Retuns Vs Net Returns

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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

Oct 06 2015

19mins

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Rank #20: 5 Things You Need To Know About Jumbo Loans - (Episode 133)

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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:

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

Oct 20 2016

18mins

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