The Prosperity Podcast

Talking about finances, budgets and investments are some of the most difficult conversations a couple faces. Kim D. H. Butler shares valuable strategies on how to approach these conversations with clarity and explains the 1-5 scale framework to help understand what your partner actually wants. Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast https://www.amazon.com/Kim-D.-H.-Butler/e/B00523N6HE Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 1:08 - Who you should include in the finance conversation 2:00 - It all starts with having good information 3:25 - Getting clear on money in and money out 3:56 - Using the 1-5 scale for decisions 6:08 - How to talk about where to invest or save money 9:12 - Why date night is a great place to talk through finances 11:35 - Put it on the calendar to make it happen 12:55 - Helping your spouse learn through reading, listening or watching 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. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

Having more than one life insurance policy can benefit you in so many ways. You'll hear why your human life value and personal cash flow determines how much life insurance you need and why it makes sense to apple the multiple policy strategy in your finances. Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 0:46 - Should you get one large policy or multiple policies 1:06 - Why cash flow dictates how big of a policy you should get 2:42 - Kim's strategy for getting multiple policies 4:52 - How this multiple policy strategy applies to term life insurance 7:10 - More policies = more flexibility 7:41 - Why you need to keep an eye on your human life value 9:11 - How to stay on top of your policy dues and be organized 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. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

If you've heard the advice "buy term life insurance and invest the difference" you have been fooled. In this episode Kim Butler helps us understand the role term insurance plays in our financial game plan, the different types of insurance and how much to get. You'll also hear a shocking strategy that is invaluable for anyone that has surprising health needs that come up. Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 0:43 - When should you get term life insurance 1:24 - The role term insurance plays in your life 2:02 - Understanding human life value 4:42 - Why it's crazy to follow the advice of buy term and invest the difference 7:03 - How term insurance saves your health… this is invaluable! 8:42 - The different types of term insurance 11:38 - What you have to do to switch from term to whole life insurance 13:06 - Different levels of term insurance 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. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

Lou Pineda comes from the banking industry where he worked with high net worth individuals. In his previous banking experience he was able to see that the most successful individuals understood finance by focusing on the principles. In this interview you'll hear how Lou has developed a love for reading and learning and is focused on finding ways to continually grow. Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast Connect with Lou Pineda http://partners4prosperity.com/lou-pineda https://www.linkedin.com/in/louis-pineda-7078847 Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 1:20 - Developing a love for reading and learning 3:22 - Lou's background 5:30 - Working with high net worth individuals in the banking industry 8:10 - What the highest net worth customers focused on 10:06 - How Lou is able to help clients by simplifying balance sheets through principles 11:39 - The to have a healthy body and a healthy mind 14:14 - How Lou is able to help people understand the language of finance 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. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

There's a much easier way to prepare for retirement than saving millions of dollars or hoping for recession proof double digit returns. In this episode Kim Butler demystifies what retirement really is helps us see a much favorable path towards financial success. Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For show notes and additional information of this episode go to http://partners4prosperity.com/category/podcast Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 1:09 - Retirement has only existed for about 75 years 2:00 - Why people are starting to wake up and not want to retire 3:11 - How to find a good measuring stick for risk and growth 4:30 - Why human beings are made to serve 5:22 - Your money can grow and not be at risk 5:43 - Why your focus should be on cash flow 6:28 - Growth vs Income 7:50 - How it's easier to focus on cash flow vs wealth 9:22 - The tax implications and what to expect 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. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

Setting goals and a clear vision is one sure way to make 2018 your best year ever. In this episode Kim and Spencer talk about how to change your mindset to adopt better habits and how to setup your day for success. We also get to hear what a typical day-in-the-life of Kim is and how we can apply those routines in our lives. Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast https://www.csmonitor.com Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 0:51 - How to change your mindset to adopt better habits 2:03 - Creating a "not to-do" list 3:07 - What are you doing with the first and last 2 hours of your day? 4:28 - A day in the life with Kim 8:55 - How to 10X your mindset 11:54 - Why a vision is better than goals 13:01 - Once you get your mindset correct you need to verbalize what you're going after 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. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

If you want to avoid another stock market crash or market correction then this episode is for you. Kim Butler shares a strategy (not a product you buy) to redirect funds to something that won't rollercoaster ride, keeping your money safe and giving you more peace of mind. Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast Get the ebook and audiobook www.partners4prosperity.com/ebook Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 0:38 - How we can avoid a 201k 1:26 - If you have an employee 401k and Roth IRA plan you can still protect your asset 2:32 - Kim's strategy to protect your assets 4:15 - Shifting your money to something that's ultra conservative 5:03 - How you can make this change without a penalty 6:57 - The penalty for not making the switch 8:01 - Why now is time to stand up and take action 10:15 - Get the ebook and audiobook www.partners4prosperity.com/ebook 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. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

Understanding the difference between match and max on a 401k can be confusing. In this episode Kim Butler lays down the foundation and supplies strategies if you have existing 401k and Roth IRA plans. She even explains why we should shift assets into a more safe category. Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 0:29 - What's next after a Roth IRA and 401k 1:24 - The first step is to create a foundation 2:38 - Why you should only fund your 401k to the match level 4:24 - How come you don't control the Roth IRA and 401k 5:18 - Really good investments need lump sums of money 6:16 - Should you cancel your 401k plan? 7:34 - Shift existing assets in a 401k to not stock market related choices 8:44 - Making a major change isn't usually necessary and often not beneficial 10:07 - Borrowing against the difference of the match and max 12:45 - You always want your dollars to be moving 13:41 - While borrowing against cash value life insurance the growth of cash value is unaffected 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. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

Getting financing for your business can be a difficult challenge if you follow the typical approach of working with a bank. In this episode Kim Butler shares examples from entrepreneurs and corporations that followed the traditional route of getting capital to grow their businesses. Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For transcriptions and additional information of this episode go to: http://partners4prosperity.com/category/podcast https://partners4prosperity.com/business-financing-secret https://www.amazon.com/Live-Your-Life-Insurance-Butler/dp/1441486895 Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 1:48 - We are grateful for No B.S. Money Guy Todd Strobel 2:09 - Traditional vs Typical strategies for financing your business 3:10 - J.C. Penny used whole life to support growth and cashflow challenges 3:33 - Walt Disney and Foster Farms borrowed against cash value to enable growth 4:23 - How Kim Butler uses cash value life insurance to support her business 5:58 - Why we view this as an emergency / opportunity fund 7:00 - You can own life insurance personally or have your business own it 8:02 - How long do you have to wait to access emergency / opportunity funds? 9:54 - There are no limits on the minimum or maximum 11:30 - Why most business owners aren't following the traditional methods 13:27 - How listeners can take the next step 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. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

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 [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast The original interview with Patrick and Tom - http://thewealthstandard.com/the-trump-era-tax-plans-winners-and-losers-episode-217 http://paradigmlife.net http://tomwheelwright.com Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 2:08 - Why Tom doesn't consider this a tax reform bill 3:20 - The differences between the Senate bill and the House bill 7:23 - How the VAT is our biggest competition overseas 16:55 - Why Wall Street has the most to gain from this tax bill 20:35 - Over 400 pages of pork spending and other surprises inside 35:13 - Will this bill really create jobs and follow the Trump narrative? 38:45 - How this may create the biggest real estate tax opportunities we've seen in decades 41:09 - Who the biggest losers may be under this tax plan 48:03 - Should we adopt a VAT in the USA? 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. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

The final years of life are often the most expensive and unpredictable. We cover the different options with long term care and how the principles of prosperity can prepare you for the future. This is a past recording which was one of our most popular episodes. Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast Medcure: medcure.org Heritage Cremation Provider: www.heritagecremationprovider.com Five Wishes: fivewishes.org Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 1:07 Asset Based Long Term Care 1:32 Long Term Care Riders in Whole Life Policies 2:30 Asset Based Long Term Care formed with An Annuity 3:45 Looking at Your Situation Holistically 6:57 Seven Principles & Long Term Care 10:41 You can have life insurance, long term care and still receive positive interest rates 14:00 Outro Review and Subscribe If you like what you hear please leave a review by clicking hereSubscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

We've all heard the debate about 30 year vs 15 year mortgages and what is best for the long term and short term financial situations. In this episode we'll cover prepaying mortgages, home equity and why to consider the peace of mind approach. This is a segment from one of our most popular past recordings. Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast https://www.amazon.com/Busting-Interest-Rate-Lies-Discover-ebook/dp/B01DX0JP6I Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 01:18 Prepaying Your Mortgage & 15 Year Vs. 30 Year Mortgages 01:52 Why Prepaying Your Mortgage is Not the Answer 02:41 Why Home Equity May Not Be the Right Asset for You: The CLUE Test 06:34 What About Interest? 08:38 Busting the Interest Rate Lies 10:00 The Times When Peace of Mind Overrides the Financial Decision Review and Subscribe If you like what you hear please leave a review by clicking hereSubscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

This episode is about how to make the most of your dollar and create cash flow from your assets. This audio is one of our most popular episodes covering the different ways to create cash flow. Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast Financial Calculator: truthconcepts.com Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 00:57 The old way of creating assets that pay you 01:55 Interest and bonds are not as secure now 02:33 More effective ways to create income with real estate investing 02:55 Bridge Loan Providers take away some of the work of Real Estate 04:25 Financial Calculator 09:10 Truth trainings 09:45 Questions about bridge loans 10:25 Residential vs. Commercial bridge loans 13:20 Accredited advisors 14:00 Senior Life settlements 14:41 eBook: Financial Planning Has Failed 16:41 Independent Advisors provide better advice Review and Subscribe If you like what you hear please leave a review by clicking hereSubscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

Credit cards are used in nearly every store and even on our phones. In this episode Kim and Todd talk about the different types of credit cards and which type of cards to avoid. They also share resources on credit card calculators so you can understand how much interest you are really paying back. Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast http://truthconcepts.com/how-155-in-credit-card-debt-becomes-38850-in-payments/ https://www.dallasfed.org/educate/calculators/open-calc.aspx https://venmo.com Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 1:45 - Writing a check is one of the more exposed way of transferring money 2:21 - You can now use credit card for purchases less than a dollar 5:00 - The different types of credit cards 6:43 - Why Kim isn't a fan of store cards 10:18 - The debit card discussion 10:53 - Venmo, an easy way to move money around 14:04 - How the state laws and credit cards can affect you 16:36 - Pay off your card every month or put together a game plan Review and Subscribe If you like what you hear please leave a review by clicking hereSubscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

In this episode Kim and Todd go through a life insurance quiz where they talk about the differences between universal life and whole life and some of the more technical details inside the life insurance industry. Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 1:21 - Kim begins sharing her answers to the quiz 2:45 - Converting to whole life and how you can do it 7:47 - What endowment means with life insurance 9:45 - Understanding the differences between universal life and whole life 12:15 - Who owns the cash value on whole life policies? 15:02 - Hear why Kim doesn't like this type of policy 22:04 - This type of policy would be best used when the need for protection declines 33:28 - What happens when a policy covers two lives but only pays when the second insured person dies? 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. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

Patrick Donohoe talks with Todd Strobel about his perspective of the economy right now and how we should open our eyes to discover a lot of opportunities amidst this current disruption we are in. This is a special episode that's sure to pique your interest. Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast Connect with Patrick https://paradigmlife.net/about/patrick-donohoe https://www.linkedin.com/in/paradigmlife www.thewealthstandard.com https://www.amazon.com/Simon-Sinek/e/B002CB2SDC Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 1:12 - Where Patrick see's the economy right now 4:28 - Don't be paralyzed and be prepared 5:50 - Alternative investments to look at 7:42 - If you were starting over from scratch where would you go for information? 11:23 - We are amidst a disruption with a lot of opportunity if people open their eyes 14:04 - Where to put extra money to outpace inflation 15:25 - Find out what you love doing, not what you have to do to pay your bills 17:37 - Why retirement doesn't work 18:39 - Patrick discovered something he didn't want in his business 21:17 - A different way to look at the 401k 23:30 - The alternatives to a 401k 25:10 - How to catch up when you don't feel prepared in your 50's 28:20 - Advice for passing wealth to the next generation 32:12 - Leave a legacy Review and Subscribe If you like what you hear please leave a review by clicking hereSubscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

If you're thinking about retiring and factoring in the cost of living, taxes, environment and recreation this is the podcast to pay special attention to. Your hosts Kim and Todd talk about the top 25 cheapest cities places to retire. Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast https://www.cbsnews.com/media/25-cheapest-places-to-retire/3 Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 3:18 - Bakersfield, CA 4:15 - St. Louis, MO 4:50 - Gainesville, FL 5:14 - Columbia, SC 6:18 - Phoenix, AZ 6:54 - Austin, TX 7:36 - Dallas, TX 8:43 - Greenville, SC 9:47 - Pensacola, FL 10:20 - Sioux Falls, SD 11:20 - Ann Arbor, MI 12:02 - Fremont, CA 12:52 - Tulsa, OK 13:22 - Salem, OR 14:13 - Madison, WI 14:38 - Kansas City, MO 15:13 - Rochester, NY 15:51 - Salt Lake City, UT 16:30 - Omaha, NE 17:07 - Albuquerque, NM 17:47 - Mobile, AL 18:49 - Tucson, AZ 19:14 - Oklahoma City, OK 19:39 - San Antonio, TX 20:15 - Athens, GA Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

Kim and Todd talk about a recent AARP article: When a Con Man Calls. They discuss the top scams and fraud that get people in hot water and how you can avoid getting duped. Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For transcriptions and additional information of this episode go to http://prosperitythinkers.com/category/podcast https://www.aarp.org/money/scams-fraud/info-2017/imposter-scams-con-man.html Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 0:33 - AARP article: When a Con Man Calls 2:17 - Scam #1 - Courthouse calling 3:09 - Scam #2 - Winning the lottery 4:25 - Scam #3 - Puppy breeder 6:05 - Scam #4 - Dr. representative 7:06 - Scam #5 - Utility scam 8:26 - Scam #5 - Police and Fire donations 11:04 - Scam #6 - Unclaimed property 12:17 - Scam #7 - IRS scam 12:57 - Scam #8 - Ticket seller 13:36 - Scam #9 - Long distance lover 14:07 - Scam #10 - Verify bank information 15:04 - Scam #11 - Military representative 15:38 - The one scam that almost got Kim Review and Subscribe If you like what you hear please leave a review by clicking hereSubscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

Warren Buffett is known as one of the world's most successful investors and in this episode Kim and Todd cover a recent article from US News called: 9 Investing Steps from Warren Buffett's Playbook. Tune in with Kim D.H. Butler and No B.S. Money Guy T

Peter Diamandis is one of the world's most innovative thinking people and in this episode Kim and Todd talk about the new evidences of abundance that Peter often talks about. These evidences touch the many areas of life from health, wealth, energy, food and even the blockchain. This is a great episode to immerse yourself in where the world is going. Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast http://www.diamandis.com Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 1:05 - Peter Diamandis is the topic of today's conversation 4:36 - The truth of the world's global economy 5:41 - Find a way to be apart of GDP and get paid for it 6:53 - How 3rd world countries are going to leap forward 7:23 - Blockchain and government 10:39 - Health and mortality 11:42 - Plummeting teen birth 13:24 - Exponential tech impact on health 15:07 - The environment 15:57 - Drones 16:51 - Energy 19:11 - Food 20:59 - What to watch out for Review and Subscribe If you like what you hear please leave a review by clicking hereSubscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

In this special episode Kim D.H. Butler shares her personal story with us today. She talks about the early beginning of her career and gives us an insight into her life. Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast https://www.amazon.com/Live-Your-Life-Insurance-Butler/dp/1441486895 http://liveyourlifeinsurance.com Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 2:04 Kim prefers to be a private person 3:48 Kim working a bank job and being introduced to life insurance 5:34 In 1991 she believed you needed to walk the talk and have life insurance 9:15 She left banking in 1990 and started in the insurance / financial planning industry 11:16 Her breaking point with the financial planning industry 15:48 Why she was buying multiple policies over the years 18:18 Dividend rates she was getting on her policies 19:34 If you have a fixed rate loan against your life insurance cash value that's fixed rate forever 20:26 Another reason why insurance companies are more stable than banks 22:18 In 2004 they purchased an imploded policy from someone else 28:39 Kim wants everyone to learn that whole life insurance is the best way to store cash Review, Subscribe and Share If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

Self worth is the permission to be free. In this episode Kim and Todd talk about how self worth applies to your net worth and what you can do to improve your self worth and become more valuable. Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 1:18 You will never be able to maintain a financial level that you do not believe you are worth 2:13 The #1 skill of entrepreneur is to be able to have self-generated confidence 3:23 What you need to do to increase your income in the marketplace 5:10 People with the highest self worth are willing to give the most 6:37 Why fake it till you make it doesn't work 7:53 If you're earning more than $100/hr you should have an assistant 9:29 Where to start to improve your self worth 13:20 Paying it forward and being of service Review, Subscribe and Share If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

In a recent CNBC article they talk about how much you should have saved by age 50. Together Kim and Todd talk about this article and go through the principles of savings. Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast https://www.cnbc.com/2017/09/01/how-much-you-should-have-saved-by-50.html Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 1:21 The medium working age family had $5,000 in savings 1:46 If you're going to retire by age 67 you need a minimum of 6X your salary by age 50 3:03 What are you going to live on when you get close to retirement age? 4:17 The assumption is that your expenses are lower at age 67, but is that correct? 7:01 If you're 50 you need to be thinking about cashflow living an active lifestyle 7:49 Self worth is so much more important than net worth 9:20 Why even try? Review, Subscribe and Share If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

"What is an efficient way to transfer wealth to my posterity and still have some control over, and enjoy that wealth?" Kim Butler and No B.S. Money Guy Todd Strobel address this question to help listeners understand their best options. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this EpisodeSubmit your questions: [email protected] Book - The Opposite of Spoiled by Ron Lieber www.partners4prosperity.com Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes: 00:00 Intro 01:21 "The Opposite of Spoiled--Raising Kids Who Are Grounded, Generous, and Smart about Money" by Ron Lieber 03:04 How to share wealth with your posterity, but still have some control on it 04:03 Benefits of getting a life insurance policy on a grown child 06:00 Listener question: "Do you need to give to all the kids, and should it be equal?" 07:26 What about the spouse? 09:13 Tax efficient ways of transferring wealth 11:30 The "Family Banking Book" go to [email protected] to sign up 13:11 What banks don't want people to know Review, Subscribe and ShareLeave a review about the podcast by clicking here Subscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

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 [email protected] and we may answer it in an upcoming episode. Links in this Episode: Submit your questions: [email protected] eBook: Financial Planning Has Failed Show Notes: 00:00 Intro 01:35 Understand the car loan interest rate 02:13 The 3 components to understand in this listener question 04:15 The best thing to do with the down payment. 06:25 If you already have an emergency fund here's what to do next. 08:12 How to make your car loan least expensive as possible 11:48 Mutual life insurance companies vs typical whole life companies

Kim Butler and No B.S. Money Guy Todd Strobel share financial wisdom that's mentioned in a June article from The Penny Hoarder titled "10 Things We Learn From Our TV Dads". Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Submit your questions: [email protected] eBook: Financial Planning Has Failed The Penny Hoarder article: "10 Things We Learn From Our TV Dads" Show Notes: 00:00 Intro 00:56 Article "10 Things We Learn From Our TV Dads" 01:21 Mike Brady from Brady Bunch "Look and don't get took": The importance of Due Diligence 03:57 Homer Simpson "Work hard to get what you want, now be quiet while I play the lottery." 04:55 One of the biggest myths out there: That you can get something for nothing 05:32 Find work that you love and more into life, so you can get more out of life 06:07 Get in the habit of saving money, look into Stash.com 06:53 Tony Soprano from Sopranos "How to be a more effective boss (mafia style)-- buy land" 08:17 Danny Clutter of Full House "You have to move on in life" 11:07 Ward Cleaver from Leave It To Beaver "When you make a mistake admit it. If you don't, you only make matters worse," 13:07 Louis C.K. "The only time you look in your neighbor's bowl is to make sure that they have enough. You don't look in your neighbor's bowl to make sure you have as much as them." 15:38 Creating an emergency and opportunity fund 17:55 Ned Stark "Winter is coming. In the winter, we must protect ourselves, look after one another." 20:38 Walter White "You can have anything you want if you're willing to work for it." 23:50 Don Draper "Change is neither good or bad, it simply is."

The way you do finances may not be the same way your parents did it. Let best-selling author and financial planner Kim Butler and No B.S. Money Guy Todd Strobel tell you the top ten tricks to financial prosperity in today's world. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Submit your questions: [email protected] eBook: Financial Planning Has Failed Show Notes: 00:00 Intro 00:35 Article: "Ten Pieces of Financial Advice I Wish I Knew In My Twenties" 01:16 Financial memory is 7 years 01:30 1. Report your rent to the credit bureau (as the renter) 02:43 2. Learn how to use a credit card the right way 04:29 3. Don't inquire unless you know for sure 05:40 4. Build your credit 07:23 5. You don't have to be rich to invest 09:04 6. Save enough for rainy days 09:40 Saving creates peace of mind 11:10 7. Hold off on buying a car 13:23 8. Beware of predatory lending 14:59 9. Stop spending money on socializing 16:16 Listener gift: Financial Planning Has Failed 17:01 10. Harder to get out of a hole than in it

To achieve prosperity means more than to just have money. In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel outline the Five Faces to Prosperity. These are the old-school values to Prosperity Economics that have continued to define the movement. Learn what it takes to live a harmonious life in just 18 minutes. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Submit your questions: [email protected] Book Recommendation: Cracking the Camouflage Ceiling Show Notes: 00:00 Intro 00:36 Old School Principles: The Five Faces of Prosperity 01:34 We believe in harmony 03:37 The first face 06:17 The second face 06:36 Everything begins with mindset 08:05 The third face 09:15 Add to your physical life, don't subtract 11:51 The fourth face 12:31 Social Capital & The Four Habits 13:51 The fifth face 14:44 Cracking the Camouflage Ceiling 15:48 Hawthorne Publishing hawthornepub.com 16:11 Spirituality is important 17:25 Give first attitude

Welcome to the 212th episode of the Prosperity Podcast! In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about the five biggest financial mistakes that startups make according to David Ehrenberg. Find out how to avoid these mistakes to maximum your cash flow and ensure the success or your small business. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Submit your questions: [email protected] Article: The Five Giant Financial Mistakes that Startups Make Show Notes: 0:00 Intro 00:57 Starting up a Business 01:15 So Many Tools are Available for Starting up a Small Business like a Big Business 03:25 The Five Giant Financial Mistakes that Startups Make 03:44 Mistake #1: Miscalculating Your Cash Burn Rate 06:21 Mistake #2: Not Completely Understanding Your MarketPlace 10:00 The Importance of Pricing Effectively 11:06 Mistake #3: Hiring and Expanding too Quickly 13:07 Mistake #4: Making Bad Hires 14:12 Mistake #5: Doing Your Own Finances (When You Have No Training)

Join best-selling author Kim Butler and No B.S. Money Guy Todd Strobel in this episode of the the Prosperity Podcast as they discuss the financial challenges that millennials, and really many generations face. Find out what solutions they have for problems like student debt, financial illiteracy and stagnant wages, and how they differ from popular opinions and mainstream media. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Submit your questions: [email protected] eBook: Financial Planning Has Failed Credit help: NationalCreditCare.com Article: How Millennials Can Overcome their Six Biggest Financial Obstacles Show Notes: 0:00 Intro 00:24 How Millennials Can Overcome their Six Biggest Financial Obstacles 02:08 Challenge #1: Millennials are Financially Illiterate 05:38 Solution: Get An Auto-Didactic (Self Taught) Education in Personal Finance 08:35 Solution: Get Help With Your Education 10:45 Challenge #2: Millennials are Financially Fragile 12:42 Challenge #3: Millennials are Burdened with Student Loan Debt 13:32 Why You Might Not Want to Pay Down Student Loan Debt as Fast as Possible 15:00 Solution: Skip College? Maybe Not, But Consider Postponing 16:26 Challenge #4: Millennials Wages are Stagnant 18:26 Kim's Solution: Learn to Save, Live on Your Salary 17:04 Articles Solution: Negotiate for a Higher Salary, Look for a Higher Paying Job 19:44 Challenge #5: Rising Rents Eat up a Burdensome Amount of Millennial's Income 20:32 Kim's Solution: Get a Cheaper Apartment, a Second Job, or a Roommate 21:08 Article's Solution: Move Somewhere Cheaper 22:28 Challenge: Fewer and Fewer Millennials are Becoming Full-Time Entrepreneurs 23:03 Solution: Do Both 23:40 Pursue an Entrepreneurial Thought Process

In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel pack in a ton of information on how to make the most of your dollar. They offer take-away solutions that you can start using today. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Submit your questions: [email protected] Financial Calculator: truthconcepts.com eBook: Financial Planning Has Failed Show Notes: 00:00 Intro 00:37 How to Make Cash Flow from Your Asset Base 01:05 Make your dollar do many jobs. 02:19 Interest and bonds are not as secure now 03:10 Real Estate Investing 03:25 Bridge Loan Providers take away some of the work of Real Estate 04:54 Financial Calculator 09:45 Truth trainings 10:10 Questions about bridge loans 10:51 Residential vs. Commercial bridge loans 13:48 Accredited advisors 14:24 Senior Life settlements 14:41 eBook: Financial Planning Has Failed 17:14 Independent Advisors provide better advice

Summary: In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel walk through a magazine article from Kiplinger Magazine. This episode sheds light on some technical facts about everyday finance you may be surprised to learn. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Submit your questions: [email protected] Show Notes: 00:00 Intro 00:43 Kiplinger Magazine- Financial Fluency 01:34 Where to store large sums of cash 04:02 How to boost your paychecks 06:30 What will help you build a credit history or build your credit? 07:12 Your credit card balance should never be 30% of your limit 09:44 Investments for your long term financial goals 11:36 Senior Life Settlements- send us an email about this 12:11 What insurance could you do without? 13:41 FDIC explained 16:54 What affects your auto-insurance rates? 18:00 What age do you start filing a tax return? 20:43 Withdrawing from a Roth IRA 22:22 Please leave us questions

In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about how to continue giving to your community after passing on. If you think you might want to include a charity in your will, give this episode a listen and you'll find out some keen insight on how to do that. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode.

Summary: In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about the differences between Stock and Mutual Insurance Companies. In just 15 minutes you will have a better understanding of where you should invest your money for life insurance. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Submit your questions: [email protected] Free ebook and audiobook: Financial Planning Has Failed Show Notes: 00:00 Intro 01:20 Should you go with a Stock company or a Mutual Company? 01:35 Kim defines these terms 03:23 Only 19% of life insurance companies are mutual 03:42 75% are stock companies, who pay stock holders first 04:03 6% of life insurances companies are fraternal. 05:35 Explaining dividends. 07:44 Cash value can never go down- aspect of choosing mutual 13:39 Most mutual companies are over 100 years old. 14:31 Mutual reserves are dollar for dollar 14:45 Listener gift: Financial Planning Has Failed

Summary: In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about the importance of finding out what Prosperity means to you. This is the first step to developing a prosperous mindset, in life and with finances. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Submit your questions: [email protected] Sneak Peak of New Book: Eight Perspectives on Prosperity Economics Show Notes: 00:00 Intro 00:37 Today's topic: the definition of Prosperity 00:50 We want listener feedback 01:00 Define Prosperity to have a goal to work towards 02:30 Gratitude comes first 02:36 Applying a good mentality to your finances 04:51 Definition of Prosperity changes throughout time for individuals 07:07 Three listener questions 09:12 Patrick Donohoe: The infinite vs. the finite game 12:29 Article about Chic-fil-a 12:42 New book: 8 Perspectives on Prosperity Economics 13:15 Sneak peek of book for listeners 13:41 Contact the podcast for questions [email protected]

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 [email protected] and we may answer it in an upcoming episode. Links in this Episode: Submit your questions: [email protected] Free ebook and audiobook: Financial Planning Has Failed Show Notes: 00:00 Intro 01:50 The authors opinion focuses on three different options 02:37 Challenges from the lease company 04:22 The biggest issue with a lease and how they add up massive fees. 06:05 If you're going to do a lease understand all the costs 08:09 Paying cash vs financing cars 10:56 Each time you decide to get a new car look at dealer financing vs your own financing

Summary: In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about 99 Ways to save money which was featured in the July/August AARP magazine. Listen to hear how many of these saving strategies you are applying in your financial life. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Submit your questions: [email protected] www.pparx.org - Partnership for Prescription Assistance www.wallethub.com - Credit card comparisons www.farecompare.com - Flight pricing comparisions Show Notes: 00:00 Intro 01:44 Maxing out your retirement plan 04:35 Apply for free medication www.pparx.org 05:23 Audit a college course to expand your learning 07:13 Paying your mortgage twice a month 09:46 Transferring your credit card debt to a card with 0% interest 10:49 Cancel your collision coverage on your auto insurance 12:25 Pick your flights carefully by flying on the best days 14:04 Hire someone to negotiate your bills 14:58 Quit drinking soda to save $120 a year 15:58 Get reimbursed for ATM fees from using outside banks

Summary: In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel test their knowledge by taking a quiz from FINRA.org. Advisors: listen up to see if you could correctly answer these interesting financial questions. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Submit your questions: [email protected] Financial quiz: FINRA.org Show Notes: 00:00 Intro 00:38 Taking a quiz on financial literacy on FINRA.org 01:30 Calculating compounding interest 02:30 Calculators that Kim and Todd use 02:46 Free Calculator App 04:20 Inflation vs. Interest rates 04:45 What happens to bond prices if interest rates fall 06:00 Mortgage payments 07:20 Financial Planning Has Failed 07:44 Buying single company stock vs. stock mutual fund 08:50 Investment calculations 12:45 Busting The Interest Rate Lies 14:00 Listener input welcomed

Summary: In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel debate statistics that were published by FINRA. These stats claim that Americans are improving financially, but is this really true? Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Submit your questions: [email protected] Show Notes: 00:00 Intro 00:41 Report issued by FINRA.org 01:17 Intro to the article 02:46 Kim: "Everything's ok as long as everything's ok" 03:22 Digital wealth goes through cycles 04:00 You get paid what you're worth. If you want to get paid more, provide more value. 04:34 Moving towards a global workforce 05:56 Going over statistics in the article 07:15 Retirement vs. Future finances 12:13 Student loans not getting paid 13:31 Financial literacy is different from stock market literacy 16:25 Spending vs. Savings 17:17 Spending going up and saving rate is going down 22:25 Pay yourself back at interest

Summary: In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about the time it takes to double your money. Surprisingly, it's not always the same amount of time, even if you have the same interest rate. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Submit your questions: [email protected] Show Notes: 00:00 Intro 00:43 How long does it take 1,000 to get to 2,000? 01:31 Time Period Financial Calculator 02:53 What about the human element? 03:16 How AI and Robot Financial Advisors are affecting the industry 05:18 Peter DiaMandis and AI 06:48 Computers can only tell you certain things 08:56 Simple ways to make good rates of return 09:24 Use free trials of software 10:29 Holistic Calculator

Summary: In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel demystify an interesting article from Inc. Magazine. Each bullet point they highlight has juicy information that will make you better at managing your finances. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Submit your questions: [email protected] Listener Gift: eBook Show Notes: 00:00 Intro 00:37 Article of INC Magazine- June 2017 episode 02:37 Money is at the root of every decision 03:15 Treat your personal finances like a business 04:29 Credit Card 05:09 Your bank statements are your reputation 06:56 Make money before you start asking for it 08:55 Pay yourself first 12:00 Budgets don't work 14:23 The difference between purpose, passion and a good idea 16:05 Cash flow is better than net worth 18:24 If it's too good to be true: dig deeper 19:45 Buy what you love, and what is essential 21:19 People in this article are considered wealthy 22:09 Connecting to the day-to-day person 23:28 Necessity never made a good bargain 23:59 Listener Gift- Financial Planning Has Failed

Summary: In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about Mel Robbins' new book. It's called: The 5 Second Rule: Transform Your Life, Work, and Confidence with Everyday Courage. This book helps thousands transform themselves into action oriented people who lead better lives. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Submit your questions: [email protected] Listener Gift: eBook Dan Sullivan's Strategic Coaching: https://www.strategiccoach.com/ Mel Robbins' Book: The 5 Second Rule Show Notes: 00:00 Intro 00:42 Mel Robbins' Book: the 5 Second Rule 01:31 What is the 5 second rule? 01:41 Help your mind tackle things you don't want to do 02:17 Count backwards, 5 4 3 2 1..Launch 03:17 Highlights from the book 04:20 Kolbe Assessment 05:21 Dan Sullivan's Strategic Coaching 06:20 The connection between your brain and your instincts 08:20 Locus of control 12:23 3 Main Behaviors people want to change 14:58 30 before 7:30 15:23 Concept of stopping your day 16:22 Listener Gift 16:51 We also want book recommendations!

Summary: In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about writing your own will. If you're unsure where to even get started, this episode maps out the essentials-how to do it, what to include, and resources to help you. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Submit your questions: [email protected] Listener Gift: Financial Planning Has Failed ebook Resources for listener: partners4prosperity.com/blog Show Notes: 00:00 Intro 00:45 Article in Money Magazine 01:31 Will + living trust combination is best 03:20 Do you need an attorney or can you do it with online resources? 06:27 Probate delays things 07:28 Deciding who is an heir 07:46 Naming an executor 08:41 Guardianship issues 10:30 Splitting up your finances 11:58 Biological vs. Stepchildren 12:20 Do you give inheritance all at once? 13:16 Incentive Trusts 14:15 Recommended Resources 15:00 Listener gift

Summary: In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about the pros and cons of opening a Home Equity Line of Credit. Listeners will learn about when they should be used, and why mortgages may be the better way to go. Stay tuned for the listener gift at the end! Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Submit your questions: [email protected] Listener Gift: Financial Planning Has Failed ebook Show Notes: 00:00 Intro 00:45 Answering a listener question 00:57 Home equity line of credit vs. Traditional Mortgage 03:22 Additional facts on the listener case 05:04 Busting the Interest Rate Lies 05:38 General Rule of Thumb: Putting extra money against a mortgage is not a good idea 07:06 Variable interests rate vs. Fixed interests rate 08:14 How home equity is handled at the banks 08:48 Can the bank still call the note? 11:07 Never have borrowed money as your emergency fund. 14:27 Tax implications of Home Equity Credit Lines 17:33 Mortgages are efficient debt 19:16 Listener Gift

Summary: In this short episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about some hard questions. She gives advice on how to handle your own death arrangements, so your family members won't have to worry later. Included in this episode are awesome resources to help make the process easy and affordable. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Submit your questions: [email protected] Medcure: medcure.org Heritage Cremation Provider: www.heritagecremationprovider.com Five Wishes: fivewishes.org Show Notes: 00:00 Intro 00:36 Kim looks into arranging for her death 02:25 Medcure- cremations for free, but you donate to science 02:51 Heritage Cremation Provider 03:40 Very affordable cremation services 05:00 Be done with it so your family members don't have to worry 06:11 Is this a question you handle on your own or should it be a family discussion? 09:01 Who do you entrust with this information to make sure it's executed properly? 10:46 After you pass away, who's in control of what kind of service you have? 12:21 Any other resources you'd like to share? 12:31 Five Wishes 14:11 We want listener questions!

Summary: In this short episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about whether or not Robo-Advisors are taking over the industry. Apparently, the future looks bright for real financial advisors. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Submit your questions: [email protected] Show Notes: 00:00 Intro 00:31 AARP article: Should a robot manage your money? 01:29 The future looks good for advisors 03:00 Numbers vs. Philosophy 04:30 Robo-advisors= only stock market 05:43 Why have Robo-Advisors continued to gain popularity? 07:39 AARP says: Robot Advisors are democratizing financial planning 08:24 Independent RIA firms will eventually outshine Robo-Advisors 10:37 Robots cannot give people advice 11:40 What is a Robo-Advisor? 14:30 Comparing three different investment strategies 18:43 Give 90%, get 90% 19:30 AUM Model 21:43 Robots can help you invest, but not give you advice.

Summary: In this short episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel break down the do's and don'ts to saving money quick. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Submit your questions: [email protected] Show Notes: 00:00 Intro 00:34 Debunking the Money Saving Section in AARP magazine 01:53 Advisors get paid when people invest money, not save it 02:19 1.Sell the shirt off your back- sell your clothes 03:49 2.Redeem U.S. Savings bonds 05:19 3.Become a dog-sitter 05:44 4. Join a Focus group-nope 07:04 Ask Book by Ryan Levesque 08:45 5. Rent out your car 10:12 6. Refer a friend as a new hire- yes! 10:45 7. Clean out your house- yes! 11:41 8. Tap Insurance- yes! Borrow against your life insurance savings 12:50 Contact us directly if you are interested in Whole Life Insurance 15:46 Listener question

Summary: In this short episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel break down the benefits and uses for an MEC (Modified Endowment Contract) versus a Single Premium Life Insurance Policy. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Submit your questions: [email protected] Listener gift: Ebook, Financial Planning Has Failed Kim Butler's book: Busting the Life Insurance Lies Kim Butler's book: Live Your Life Insurance Show Notes: 00:00 Intro 00:20 Todd + Kim 00:33 Single Premium Life Insurance question 01:29 When Single Premium Life immediately turns into a MEC 02:44 You can borrow against Life Insurance 03:27 What a MEC is good for 04:51 Bridge Loan Investments 06:18 MEC is not a liquid asset 07:41 Underlying expenses with Life insurance 08:24 Have confidence in a dividend, not in the stock market. 09:41 Are there any particular strategies Kim would use? 10:47 If you're more focused on a legacy, then we recommend MEC 11:23 Listener resources- Live Your Life Insurance, Busting the Life Insurance Lies 12:20 Listener gift- Financial Planning Has Failed, ebook partners4prosperity.com/ebook

Summary: Best selling author Kim Butler and No B.S. Money Guy Todd Strobel offer insight on the direction the world seems to be heading- towards digital money. India did it, Australia is next, and they offer advice on what you should do if cash is eliminated in America as well. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Submit your questions [email protected] Show Notes: 00:00 Intro 00:33 What has happened, and what could happen in the future 00:44 Indian gov't banned cash- 1,000 + 500 rupee notes 01:51 Kim's opinion on this 02:05 What if they take away the dollar? 02:55 Check off on your list what you can do 03:15 It's already happening in Australia 03:36 Electronic money is more convenient 04:23 Bitcoin and the blockchain 05:45 Electronic money used for behavioral modification 08:37 What Todd would do in this situation 11:19 Kim's advice about what families can do to prepare for emergencies 15:32 No problem on earth exists, without the person present to solve it. 16:02 Celebrate success and stay positive

Summary: Best selling author Kim Butler and No B.S. Money Guy Todd Strobel debate some of the financial advising tips offered by an article from the AARP magazine. This episode shows in detail how society is setting you up for financial failure, and how it's your responsibility to swim upstream. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Listener Gift: Kim's eBook Financial Planning Has Failed Submit your questions [email protected] Show Notes: 00:00 Intro 00:34 Topic: an Article in AARP magazine 00:55 How we are tricked into doing the right thing by behavioral science 01:14 Humans don't always do what's best for the long term 02:13 Opt-in vs. opt-out 401K plan 03:42 Investing vs. Saving 04:24 5th of the 7 Principles of Prosperity 07:23 Article talks about making saving fun 08:57 Overcoming short term thinking 11:00 New technology for Prosperity Economics 12:40 Competition- is it good? 14:48 Kim doesn't like the envelope system except for short term savings 16:50 Seven Principles 17:30 Listener gift