The Prosperity Podcast

Summary: Best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about how to choose a life insurance policy. One thing you'll learn: assets aren't everything. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Kim Butler's book: Busting the Life Insurance Lies Kim Butler's book: Live Your Life Insurance Submit your questions [email protected] Show Notes: 00:00 Intro 00:45 Topic: Two investors try to make a decision 01:55 Mutual life insurance companies by law must return 100% of their profits to their owners 05:37 Assets can be irrelevant 06:40 Most important to know: Whether a company is mutual or not, and how long they've been in business 08:04 Higher premium equals higher contribution to cash value 09:27 State approved policy design 10:00 Long term, all mutual companies will be the same 11:03 Is there much of a difference on state to state for premiums? 13:17 The three most important things to note 14:21 Direct recognition 15:10 Podcast for direct recognition information 15:27 Kim's books: Busting the Life Insurance Lies, Live Your Life Insurance 17:21 Kim doesn't just give answers but teaches you to ask the right questions

Summary: Best selling author Kim Butler and No B.S. Money Guy Todd Strobel analyze how Single Premium Life Insurance policies may not be the best choice in today's world. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Kim Butler's book: Live Your Life Insurance Submit your questions [email protected] Show Notes: 00:00 Intro 00:45 Topic: Two investors try to make a decision 01:55 Mutual life insurance companies by law must return 100% of their profits to their owners 05:37 Assets can be irrelevant 06:40 Most important to know: Whether a company is mutual or not, and how long they've been in business 08:04 Higher premium equals higher contribution to cash value 09:27 State approved policy design 10:00 Long term, all mutual companies will be the same 11:03 Is there much of a difference on state to state for premiums? 13:17 The three most important things to note 14:21 Does not matter if a company is direct recognition 15:10 Podcast for direct recognition information 15:27 Kim's books: Busting the Life Insurance Lies, Live Your Life Insurance 17:21 Kim doesn't just give answers but teaches you to ask the right questions.

Summary: Best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about how to maintain a prosperous mindset when life (or your finances) face inevitable setbacks. Their conversation teaches the importance of always learning, and how you should always remember to take care of yourself so that you can then give to others. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: GrowingBolder.com : A website for inspiration Submit your questions [email protected] Show Notes: 00:00 Intro 00:33 Life is about second chances 01:16 People's fear of future mistakes 03:00 Go slow and start small, with money and everything else 06:11 Kim's "give first" attitude 08:11 Learning outside of your main area of focus can indirectly help that focus 10:00 "Failure is learning" 12:00 Kim's motto: Just do something 12:43 If you plan, plan effectively 14:11 Focus on the present 14:42 Give yourself time

Summary: Best-selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about Prospective Product Bloat, which is the current phenomena of having too many financial planning tools to choose from. They explain how it may be better just to simplify your finances. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] 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 [email protected] Show Notes: 00:00 Intro 00:30 Prospective Product Bloat 00:45 Is complex better or just a sales technique? 01:21 Kim's experience selling these products 02:18 Quick answer: Simple is better 03:50 Example of simplifying 04:33 Question for listeners 06:55 3 Things money should do: Be liquid, grow, create income 08:00 Bridge loan investing 10:30 Concepts should be explainable to a high school student 11:33 The client should drive the meeting 13:24 Find an advisor that will listen to you

Summary: Best-selling author Kim Butler and No B.S. Money Guy Todd Strobel debate the topic of data harvesting in the financial and health industries. They want to know: how much information is too much? And how is sharing this information helping us personally? Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [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 00:50 Computers collect and use information 01:09 How much should financial institutions be able to collect from you? 02:07 Invasive questions 02:39 Cameras determine if you're lying on a loan application 04:00 Financial institutions: products vs. strategy 05:27 Kim wonders if this is too much big brother, or is it valuable? 06:19 Trading information for benefits 07:16 Would less fraud help interest rates? 07:44 Question for Listeners 10:20 Amazon Alexa taking pictures 11:27 We need to find the good in technology 12:31 Opportunity of the block chain

Summary: No B.S. Money Guy Todd Strobel talks with Rick Randall about why most estate plans don't work and together they will share a unique 3 step strategy to get your estate plan working for you. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: National Network of Estate Planning Attorneys - https://nnepa.com Randall, Gentry & Pike - http://www.lifespanusa.com/ Submit your questions [email protected] Show Notes: 00:00 Introduction 00:43 Today's topic: Why Most Estate Plans Don't Work 01:37 The 3 step strategy to get your estate plan to work for you 03:05 You have to do two things to make a plan work 03:44 The "snapshot test" 05:25 Wisdom as well as wealth 07:15 If you already have a trust make sure you already have these things in place 10:15 How to find an attorney you are comfortable with 13:44 Does an irrevocable trust mean it can't be fixed in the future? 16:05 Implementing the 3 step strategy for your estate plan

Summary: No B.S. Money Guy Todd Strobel talks with Rick Randall about estate planning for people with modest means of wealth. Together they will address the cost of doing a trust the wrong way and who needs to have a trust created. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Randall, Gentry & Pike - http://www.lifespanusa.com/public/default.asp Submit your questions [email protected] Show Notes: 00:00 Introduction 00:38 Today's topic: Planning For People With Modest Means 01:40 How Rick came up with the Modest Means program 03:29 Why trusts are for everyone and not just the wealthy 04:14 Is it wise to purchase a trust kit online or should you meet with an attorney? 06:21 The cost of doing a trust the wrong way 09:44 Why people are putting off estate planning 15:59 Do you need an estate plan if you have less than $5 million?

Summary: No B.S. Money Guy Todd Strobel talks with Rick Randall about estate planning. Together they debunk the common myths with trusts and explain the 3 main protections that come from a trust. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: National Network of Estate Planning Attorneys - https://nnepa.com Randall, Gentry & Pike - http://www.lifespanusa.com/public/default.asp Submit your questions [email protected] Show Notes: 00:00 Introduction 00:25 Today's topic: Estate Planning with Rick Randall 01:18 Rick's background 03:01 The typical client experience with estate planning 05:25 Common myths with trusts 08:09 Different types of trusts 12:51 The 3 main protections that come from a trust 16:40 At what point do you need a trust?

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about different alternative investments, debunk some common myths and explain what should be the foundation of all finances. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] 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 [email protected] Show Notes: 00:00 Introduction 00:28 Today's topic: How To Appreciate the Alternatives 01:41 How Kim and Todd started in the alternative investment arena 04:20 What most people think alternative investments are 05:30 Real estate investment trusts vs bridge loans 08:10 Should you be in life settlements or bridge loans? 09:40 Why cash value life insurance is your financial foundation 11:52 Hear Kim's story at www.partners4prosperity.com/ebook

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about the invisible workload for women and the statistical differences between men and women and how it has an affect on finances and long term wealth and health. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Listener gift - Financial Planning Has Failed book and audiobook Book Live Your Life Insurance - http://liveyourlifeinsurance.com Submit your questions [email protected] Show Notes: 00:00 Introduction 00:29 Today's topic: The Invisible Workload For Women 01:25 Should we look at women and finances differently than we do men? 03:20 What happens when women become long term caregivers? 05:43 Utilizing a life insurance death benefit 08:12 Children buying policies on their parents for long term care 11:20 Comparing the statistical differences between men and women 13:15 Book on life insurance http://liveyourlifeinsurance.com/ 17:24 What do you do with your free time?

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel review a recent article from JP Morgan titled: 7 Principles for Successful Long Term Investing. Together they cover each principle to see if it is aligned with the 7 Principles of Prosperity. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Article on JP Morgan website Listener gift - Financial Planning Has Failed book and audiobook Submit your questions [email protected] Show Notes: 00:00 Introduction 00:30 Today's topic: 7 Principles for Successful Long Term Investing 01:20 #1 Plan on living a long time 02:38 #2 Cash isn't always king 03:10 #3 Harness the power of dividends and compounding 04:37 #4 Avoid emotional biases by sticking to a plan 06:29 #5 Volatility is normal; don't let it derail you 07:58 #6 Staying invested matters 08:53 #7 Diversification works 15:37 Free ebook and audiobook - www.partners4prosperity.com/ebook

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about different problems with pensions and answer listener questions. In this episode they talk about the changing timetables with pensions and what to do to protect and build your wealth. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Free ebook - www.partners4prosperity.com/ebook Listener gift - Financial Planning Has Failed book and audiobook Submit your questions [email protected] Show Notes: 00:00 Introduction 00:31 Today's topic: Problems with Pensions 01:19 Understanding defined contribution plans 03:55 Explaining older style defined benefits plans 04:38 The history of pensions 07:10 How underfunded pensions are affecting all of us 10:38 Pension funds changing timetables and payments 11:21 The best way to get good results with your finances is to take care of them yourself 12:50 The 3 legged stool of: Social Security, Pensions and Savings 14:58 Gift for listeners: Financial Planning Has Failed book and audiobook 16:06 Listener question #1 - Start now or later to draw from your pension? 18:56 Listener question #2 - Taking a lower amount or higher amount from a pension to protect your spouse?

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel take on a listener question where Ben asks if one should use a policy loan to pay for a vacation and other expenses. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Free ebook - www.partners4prosperity.com/ebook Book recomendation - Live Your Life Insurance Submit your questions [email protected] Show Notes: 00:00 Introduction 00:32 Today's topic: Listener Question 02:17 Here's what to do if you truly want to be your own bank 04:08 Why it's important to be borrowing to invest no borrowing for consumption 06:41 Using convertible term policies 09:00 The typical rate of return for dividends on an insurance company 10:30 Book recomendation: Live Your Life Insurance 11:38 Easiest way to start saving 20% of your gross 13:29 Save 10% more by looking at your taxes or creating a home based business

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel review a case study of an accredited investor. This case study is of a 60 year old doctor with a salary of $175,000 and has CD's, savings and other investments. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Free ebook - www.partners4prosperity.com/ebook Submit your questions [email protected] Show Notes: 00:00 Introduction 00:30 Today's topic: Accredited Investor Case Study 01:25 Cashflow issues don't go away - they just get bigger zeros 02:29 Do your expenses really go down when you retire? 03:28 Case study: 60 year old doctor with a salary of $175k 04:38 Applying the 7 Principles of Prosperity 05:44 The mantra - Go slow and start small 07:57 Getting CD's and cash to create income 11:39 What happens when interest rates go up? 14:49 Is it crazy to buy insurance when you're 60? 17:06 What to do if you can't qualify for life insurance? 18:37 Giving life insurance policies to children 19:22 What to do if you're concerned with the stock market? 21:26 The biggest fear can be inflation 22:28 How much time does a person need to invest in this process?

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel cover a case study from a listener that we'll call CY. Kim and Todd talk about different options and strategies for a 40 year old female that is a medical professional who owns her own business. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Free ebook - www.partners4prosperity.com/ebook Submit your questions [email protected] Show Notes: 00:00 Introduction 00:29 Today's topic: Crisis of Conscience 01:18 Todd explaining CY's background and finances 06:35 Kim tackling each line item 08:37 Gross vs net returns 12:11 Converting life insurance policies 13:01 It's more important to receive consistent positive returns over time than it is to be tied to an index 14:24 What is real financial freedom? 19:25 How easy is it to get access to your equity in your rental properties?

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about Part 4 of the case study featuring a couple earning $45,000 each a year. This episode specially talks about car buying and strategies to save money on the purchase and loan. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Kim's book - Busting the Retirement Lies Submit your questions [email protected] Truth Concepts Calculator www.truthconcepts.com Show Notes: 00:00 Introduction 00:30 Today's topic: Case Study - Part 6: Couple Earning $45k Each a Year 01:31 In this case study the couple is almost 30 and got $5k annual raises put into their 401k's 02:40 Kim explaining the true numbers behind the 401k match vs max 06:23 The real reason why employers offer a 401k plan 07:24 How to increase the rate on your qualified plan without changing any of the investments 10:16 The true risk of a 401k vs a life insurance plan 11:01 The only product that has a guaranteed cash value dollar figure 12:02 Getting access to cash value life insurance 14:00 PUtting focus on boring but effective strategies 15:24 Free audiobook and ebook Financial Planning Has Failed

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about a recent interview Kim participated in called: Crisis of Conscience. They talk about how there are many misunderstanding and things that are incorrect in the financial services industry. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Free ebook - www.partners4prosperity.com/ebook Submit your questions [email protected] Truth concepts calculator - www.truthconcepts.com Show Notes: 00:00 Introduction 00:30 Today's topic: Crisis of Conscience 02:03 The missing parts behind the securities industry 03:15 Why Kim pulled all of her money out of the stock market 05:31 Getting full disclosure of all fees 06:18 With such low interest rates it's heartbreaking for people to save and only see the money they've put in 06:53 The advantages of using alternative investments that provide specific cash flow and dedicated growth 07:55 There's a concrete a specific path towards prosperity 09:18 Spending time at the philosophy level and changing limiting beliefs 09:53 Free ebook www.partners4prosperity.com/ebook

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about Part 5 of the case study featuring a couple earning $45,000 each a year. This episode Kim and Todd talk about the couple going through the homebuying process. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Kim's book - Busting the Interest Rate Lies Submit your questions [email protected] Truth concepts calculator - www.truthconcepts.com Show Notes: 00:00 Introduction 00:29 Today's topic: Case Study - Part 5: Couple Earning $45k Each a Year 02:03 Using the cash value life insurance to avoid the private mortgage insurance 03:07 15 year vs 30 year mortgage 05:32 How do you think and feel if you don't have any savings? 06:07 Where you would want to put your extra money 07:10 Understanding the time value of money 07:54 You can't eat equity, Why prepaying your mortgage isn't always the best option. 08:25 Sometimes it's better to take a 15 year with higher payments 10:10 Why you want to have control over the equity 11:03 The correct way to measure the 15 year vs 30 year mortgage 12:49 Video explanation of Busting the Interest Rate Lies by emailing [email protected]

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about Part 4 of the case study featuring a couple earning $45,000 each a year. This episode specially talks about car buying and strategies to save money on the purchase and loan. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Kim's book - Busting the Retirement Lies Submit your questions [email protected] Show Notes: 00:00 Introduction 00:30 Today's topic: Case Study - Part 4: Couple Earning $45k Each a Year 02:17 Starting off with the 7 Principles of Prosperity 03:04 Thinking from a prosperous mindset 04:06 Todd says to "assume nothing" 05:09 See the big picture 07:37 Identifying opportunity costs 10:00 Cashflow: In and Out 12:23 You maintaining control over your own money 13:34 Moving money through assets 14:04 Getting a multiplier effect 19:22 Get a video explanation by emailing [email protected] 21:09 Book - Busting the Retirement Lies

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about a recent article and quiz from AARP magazine. Todd asks Kim the quiz questions to see if she is a spendthrift or a skinflint. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Kim's book and audiobook - Financial Planning has FAILED AARP article Do You Have Cheap Genes Submit your questions [email protected] Show Notes: 00:00 Introduction 00:30 Today's topic: AARP Quiz - Are You a Spendthrift or a Skinflint? 02:05 Todd asking Kim the quiz questions 07:20 Results to Kim's quiz questions 08:04 Having a saving account gives you freedom to spend money on the things that are important to you 10:42 Freedom allows you to make decisions based on what you want not what you can and cannot afford 13:18 Finances are the #1 stress in individual lives and the media is the #1 incorrect source of incorrect information about finances 14:14 People deserve to have the whole truth about their financial decisions and that lessens stress

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel share tips about organizing your finances. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Kim's book and audiobook - Financial Planning has FAILED Submit your questions [email protected] Show Notes: 00:00 Introduction 00:30 Today's topic: Organization Your Finances 01:12 Preparing before you take action 03:29 Why it's important to take time to get organized with your finances 04:33 Managing the emergency and opportunity money 05:04 Many people are unorganized with their IRA's and 401k's 07:15 What Kim does to get prepared for her taxes 09:53 Is a tax refund a good thing? 12:52 A financial advisors role in many cases is to make the dollars you already have more efficient without sacrificing lifestyle 14:14 Kim's gift of an ebook and audiobook - Financial Planning has FAILED

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about Part 3 of the case study featuring a couple earning $45,000 each a year. This episode specially talks about car buying and strategies to save money on the purchase and loan. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Kim's book Busting the Interest Rate Lies Submit your questions [email protected] Truth Concepts Calculators - http://truthconcepts.com Show Notes: 00:00 Introduction 00:28 Today's topic: Case Study - Part 3: Couple Earning $45k Each a Year 01:20 Making the decision to buy a $35,000 car with 0% financing 02:39 The price of a car has added costs that most consumers don't realize 05:32 For the best rate and price get letter from a credit union or local bank 06:22 The golden question is: What is the price if I pay all cash? 08:56 How buying a 1-2 year old vehicle saves a lot on your costs 09:43 Car ownership will be completely changed by 2025 in urban areas 12:28 Listener question: Using a home equity line of credit to purchase a car 13:43 Kim's book Busting the Interest Rate Lies

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about transitioning from a WE Economy to a ME economy and how we can apply this knowledge to our current lives. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] 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 [email protected] Truth Concepts Calculators - http://truthconcepts.com Show Notes: 00:00 Introduction 00:28 Today's' topic: Transitioning from a WE Economy to a ME Economy 03:23 Why it's a good thing to be self interested and take responsibility 05:18 Our primary asset is our ability to take care of ourselves and earn an income 07:03 The people that are getting good results have a good ME economy and WE economy 09:08 You need to achieve balance between the two 10:47 Tips for millennial to have less stress and more success 14:14 Gift for listeners - Financial Planning has FAILED

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel go through Part 2 of a case study involving a married couple where each is making $45,000 and the wife has a whole life insurance policy from her parents. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] 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 [email protected] Truth Concepts Calculators - http://truthconcepts.com Show Notes: 00:00 Introduction 00:28 Today's' topic: Case Study - Part 2: Couple Earning $45k Each a Year with a Life Insurance Policy 01:34 Talking about the borrowing strategies calculator and how it affects growth 02:40 Borrowing against the cash value life insurance 03:51 The maximum potential calculator 05:50 Buying term insurance 09:19 Getting a liability umbrella 11:32 Strategy for savings 13:10 Instead of Maxing out your 401k you should Match it out

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel go through a case study involving a married couple where each is making $45,000 and the wife has a whole life insurance policy from her parents. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] 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 [email protected] Truth Concepts Calculators - http://truthconcepts.com Show Notes: 00:00 Introduction 00:28 Today's' topic: Case Study - Couple Earning $45k Each a Year with a Life Insurance Policy 02:28 Should she continue paying on a whole life policy? 03:34 Understanding what your real debt and payment terms are 05:33 Getting an inforce illustration from the policy 06:52 Why you can't compare cash value life insurance to the stock market 08:30 What is the death benefit? 09:30 Understanding the funding calculator 10:44 Explaining inforce illustration 11:58 Busting the Life Insurance Lies table G has a picture of the calculator

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about a recent article that highlights the rise of digital currency and the growing trend of blockchain capital. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] 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 [email protected] Article - The Coming Abolition of Cash Show Notes: 00:00 Introduction 00:38 Today's topic - The Coming Abolition of Cash 02:33 Why the unbanked and underbanked are opening bank accounts 04:05 The disadvantages of going to a cashless society 05:12 Who's holding the large bills? 06:54 Demonetization, and the good that will come from it 09:18 Why the blockchain will transform how we vote, conduct business and transact 09:56 The fear of big brother becoming more involved in our lives 11:39 One of the good things that comes from more transparency is the bad guys can no longer hide 13:03 How much control do we want the government to have? 15:53 Be comfortable in a changing society

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about a recent article from Peter Diamandis called: Are You an Exponential Entrepreneur? They cover the six mindsets every entrepreneur must master. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] 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 [email protected] Article by Peter Diamandis - Are You An Exponential Entrepreneur? Crowdfunding problem solving www.herox.com Show Notes: 00:00 Introduction 00:30 Today's topic: Are You an Exponential Entrepreneur? 03:27 Understanding how to make technology work for you 04:21 Even if you're on the right track you'll get run over if you're standing still 04:39 The 6 mindsets and tools every exponential entrepreneur needs to master 04:49 Mindset #1 - You Must Understand Exponentials 06:11 Mindset #2 - You See the World as Abundant (vs. Scarce) 08:45 Mindset #3 - You Leverage Exponential Technologies 09:51 Mindset #4 - You Have an MTP and a Moonshot 13:50 Mindset #5 - You Tap the Crowd for Expertise, Solutions & Capital 15:30 Mindset #6 - You Launch Your Vision, Experiment & Disrupt Yourself

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about a recent article from AARP called The Bank of Mom and Dad. Together they discuss the different questions and scenarios when handling finances with adult children. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] 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 [email protected] AARP's article from January 2017 called The Bank of Mom and Dad Show Notes: 00:00 Introduction 00:29 Today's topic: AARP's article from January 2017 called The Bank of Mom and Dad 01:47 Question #1 - Will this investment add stability and security to my child's life or is it simply a good to have purchase or investment? 05:22 When helping children in their 30's and 40's it may be causing their children problems 05:47 Question #2 - Is this a short-term or one time cash need, or is it something that could drag on for years? 06:26 Question #3 - Is there risk in the investment beyond the cash outlay, such as financial liability on a contract or damage to your credit? 8:04 Question #4 - Can you lend or give this money without fear of damaging your relationship with your child or will it cause tensions or resentments for the people involved? 12:58 The AARP scenarios 13:32 Scenario #1 - Dead Car 14:41 Scenario #2 - Fairy Tale Wedding 16:37 Scenario #3 - Apartment Lease 18:03 Scenario #4 - Home Down Payment 21:35 Scenario #5 - Divorce Bailout 23:39 Scenario #6 - Business Loans 25:05 Scenario #7 - Graduate School

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about how your cash value life insurance grows and how to get an accurate long term view by comparing it to bank rates. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] 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 [email protected] Kim's latest book Busting The Life Insurance Lies Quick read Live Your Life Insurance Free financial calculators at Truth Concepts Show Notes: 00:00 Introduction 00:28 Today's topic: Whole Life Insurance and How Your Cash Value Grows 01:06 The whole life cash value is the perfect emergency fund 02:36 Kim's newest book Busting The Life Insurance Lies talks about calculating internal rate of return on page 228 in the book 05:25 If you look at whole life companies website you'll see a gross dividend around 6% which is irrelevant because fees are not factored in 07:39 Your cash value should be looked at when viewed over time, not 5 to 7 years 09:00 The rule of thumb is cash value whole life insurance grows at 2-3 points above bank rates 10:05 What happens when interest rates come up on CD's? 10:46 When purchasing life insurance you're purchasing an asset 12:25 Books: Live Your Life Insurance and Busting The Life Insurance Lies to learn more 13:30 Financial calculators at Truth Concepts

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel share different morning health habits that will help you live a more happy and prosperous life. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] 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 [email protected] Tim Ferriss's new book Tools of Titans Miracle Morning by Hal Elrod The Path to Wealth by May McCarthy The new coffee phenomenon Bulletproof Coffee Show Notes: 00:00 Introduction 00:31 Today's topic: Morning Health Habits 01:40 Tips in the book Tools of Titans by Tim Ferriss 02:39 Todd's advice is to live a life in balance 04:24 Kim shares the book Miracle Morning by Hal Elrod 05:32 Book: The Path to Wealth by May McCarthy 07:27 Todd's tip is to lay The Bible in the kitchen so you can do "Bible Nibbling" 08:18 Play the gratitude game while you're waiting and notch it up one by adding the spiritual or inspired aspect of the item 09:40 Get outside and enjoy the fresh air 11:11 Todd's advice is: ADIO - Healing comes from Above, Down, Inside your body and Out 12:38 Put fuel in your body every morning 13:28 Todd Langford uses Bulletproof Coffee and Protein 16:55 Drink enormous amounts of water especially first thing in the morning 17:17 Make sure you laugh at least 30 minutes a day to release healing chemicals

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about the books they are currently reading and share insights on how to get the most out of reading and thinking more clearly. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] 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 [email protected] Books Kim and Todd are reading: Jump by Steve Harvey The Other Side of the Coin by Will Duffy The Noticer by Andy Andrews Success for Teens by John Fleming Essentialism by Greg McKeown The End of Average by Todd Rose Show Notes: 00:00 Introduction 00:31 Today's topic: Kim and Todd's favorite books 01:59 Why reading books help develop thought more thoroughly 03:27 Todd is reading Jump by Steve Harvey 05:04 Quick tip: Get the sample of the book on your kindle to see if you like it 05:43 Kim is reading The Other Side of the Coin by Will Duffy 10:35 Kim is also reading The Noticer by Andy Andrews 12:34 Another book Kim is reading Success for Teens by John Fleming 15:01 Kim is also reading Essentialism by Greg McKeown 15:52 The last book Kim mentions is The End of Average by Todd Rose 17:56 Book Giveaway: Financial Planning has FAILED get it at www.partners4prosperity.com/ebook

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about auto financing and the advantages of buying vs leasing. They also share how to avoid the traps car dealers lay out when financing a car. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] 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 [email protected] Show Notes: 00:00 Introduction 00:34 Today's topic: Financing Your Vehicles 01:46 Different ways to reduce the amount of money you spend on cars 02:50 Understanding rebates and 0% financing 03:55 Why car dealers add the interest to the total price but call it 0% interest 05:11 How to get the true price of the car 07:31 A negotiation tip to get the best price 08:15 We want dealerships to be profitable but transparent 09:06 Deductions from leasing a car 10:59 How often should you trade vehicles and get new cars 12:12 Absolutely make sure you have high deductibles for lower premiums 12:50 When leasing a vehicle be careful about overage on your mileage 13:20 Accounting tip for your deductions

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel answer a listener question and share strategies on creating family financial liquidity and decisions to make with college education. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] 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 [email protected] Live Your Life Insurance - ebook Busting The Life Insurance Lies - ebook Show Notes: 00:00 Introduction 00:33 Today's topic: Listener questions answered by Kim Butler 02:21 Case study: 45 year old couple with $80,000 annual income 04:05 It so important for families to have liquidity because it's flexible 06:44 When does it make sense to increase contributions to a 401k 10:05 What options you have when your child doesn't want to go to college 14:45 What to do when a 401k is not matched 16:32 Kim's favorite place to begin savings

Summary: In this episode your hosts Kim Butler and co-host No B.S. Money Guy Todd Strobel answer another listener question. They take on a case study of a 70 year old with $1.5 million in the stock market and talk about beating inflation. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] 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 [email protected] Show Notes: 00:00 Introduction 00:58 Today's topic: Case Study of a 70 Year Old With $1.5 Million In The Stock Market 02:42 Why the stock market isn't a good choice as your emergency opportunity liquid account, growth account or income account 03:52 First thing is to divide the money up and create an emergency opportunity fund 05:45 Strategy for passing money to the next generation without tax implications 07:23 Ideas for getting more monthly income 09:39 In this case study the number one long term problem is beating inflation 11:10 A million dollars is not a million dollar anymore 12:00 Longevity is another challenge because money didn't have to last as long when we died at age 65

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel take another listener question and create a case study of a 25 year old. They discuss the two most important financial strategies for people early on in their careers. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Get the free ebook and audiobook - Financial Planning has FAILED The Surprising Business Financing Secret of Top Entrepreneurs blog post Submit your questions [email protected] Show Notes: 00:00 Introduction 00:30 Today's topic: 25 Year Old College Graduate Case Study 01:33 Saving money is the first thing to do 02:42 The best way to get in the habit of paying yourself first 04:27 Advantages of starting early with your savings and policies 05:19 Strategies for rolling over your 401k into a self directed IRA 08:13 The two most important financial strategies for a 25 year old 09:43 Growing wealth through life insurance 10:59 Grab the Prosperity Accelerator Pack at www.partners4prosperity.com/ebook

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel cover a listener question of what to do when you have a million dollars. They give several case studies on how to protect the money and what to do with it to make it grow. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] 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 [email protected] email subject line: Million Dollar Podcast Show Notes: 00:00 Introduction 00:38 Today's topic: 1 Million Dollar Question 02:41 Listener question of what to do with your first million 03:25 What does it mean to be a millionaire? 05:55 How much debt you should pay off if you had $1M 07:03 After inefficient debt is paid off there is something more important to do before you invest 08:43 How to protect yourself by buying your own disability coverage 10:01 Taking advantage of your insurance policy while still alive 10:50 Create extra cashflow and save it to protect yourself from emergencies 11:59 Does it make sense to put money in an annuity? 14:17 The argument of net worth vs cash flow 16:01 Putting money into life settlements 17:09 If you want more information on how to use cash flow from life insurance, bridge loans or life settlements email [email protected] with the subject line: Million Dollar Podcast 18:21 Case study for a 59 ½ year old 19:45 Inflation is one of the biggest detriments for retirees. Kim explains how to beat inflation.

Summary: Kim Butler and No B.S. Money Guy Todd Strobel talk about how to separate information from wisdom and the critical step of taking action and avoiding analysis paralysis. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] 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 [email protected] Show Notes: 00:00 Introduction 00:32 Today's topic: Real, Raw and Relevant 01:05 A lot of people are sitting on the fence with estate planning and investments 01:24 It's so important that we take action and avoid analysis paralysis 04:03 How to separate information from wisdom 06:08 Special gift for podcast listeners Financial Planning has FAILED ebook 07:53 The 3 components in the alternative investment space 09:35 Let's start feeding our brains with mental nutrition 14:02 There's a much better use of time than worrying about what will happen in the marketplace 16:21 The Partners 4 Prosperity structure requires us to put the client's best interest first

Summary: Your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about a Money Magazine article that addresses saving, investing, and career moves that applies to couples of all ages. Together they talk about 401k's, paying off mortgages, and creating independence for children. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode.

Your host No B.S. Money Guy Todd Strobel talks with Jimmy Vreeland from Joint Ops Properties. Together they discuss lease option real estate investments and what is currently happening in the investment real estate market. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode.

Summary: Listen to your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about the downside of financial planning and how to create a better financial future by following the 7 Principles of Prosperity. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] 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 [email protected] Show Notes: 00:00 Introduction 00:30 Today's topic: Why We Don't Do Financial Planning 01:06 What do you do instead of financial planning? 02:25 A business plan should be no longer than 3-5 years, yet we're still trying to plan our lives financially in 30-40 year increments. 03:25 Why Todd doesn't do financial planning 05:45 Averages do not equal actual dollars. Don't believe in the assumptions. 07:12 Principles are more effective than planning 07:51 Looking at the 7 Principles of Prosperity 08:27 When you get serious about handling your finances is when you want to start your savings program 10:22 The history of financial planning in this ebook www.partners4prosperity.com/ebook

Summary: In this episode your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about getting all the profits from a mutual life insurance company and the differences between a mutual life insurance company and a traditional stock company. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] 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 [email protected] Show Notes: 00:00 Introduction 00:30 Today's topic: How Can There Be More Than All? 00:44 Getting all of the profits from a company you are working with 02:20 Todd explains how you get all the profits from a mutual life insurance company 03:44 The difference between a mutual life insurance company and a bank 04:22 Dividends are paid to policyholders 06:32 Why life insurance companies continuously pay dividends even when other institutions fail 09:11 How long can life insurance companies stay in business under their current model? 10:34 As a business owner do you want to be involved in something for the short run or long run? 11:42 Comparing a dividend payment from a mutual life insurance company from a regular stock company 14:34 Index policies have caps and expenses and they're not something for nothing

Summary: Business owners are constantly thinking of how to grow their business and that is often tied to raising capital. Today, Kim Butler and No B.S. Money Guy Todd Strobel share different strategies on how to use whole life insurance to grow a business. talks with guest Sam Denton from Denton Wealth Strategies. Together they approach the topic of student loan debt with a focus on the best ways to help medical professionals tackle their student loan debt. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] 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 [email protected] Show Notes: 00:00 Introduction 00:29 Today's topic: How To Use Whole Life In Your Business 01:00 Walt Disney and Ray Kroc both used life insurance in their businesses 03:04 Real Estate and construction companies using whole life to grow their business 05:04 How borrowing against the life insurance doesn't impact the growth 06:29 How to get business loans even when you don't have a tradional credit line 07:57 The effectiveness of the cash value continuing to grow when borrowing against it 09:09 Direct recognition vs non direct recognition and what it means 11:06 Within the next 7 years will there be an opportunity to grow or save your business with an injection of cash? 12:31 Kim's opinion on buying life insurance policies on employees 13:55 Setting up a 401k company match vs insurance policies

Summary: In this special episode No B.S. Money Guy Todd Strobel talks with guest Sam Denton from Denton Wealth Strategies. Together they approach the topic of student loan debt with a focus on the best ways to help medical professionals tackle their student loan debt. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] 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 [email protected] www.dentonwealthstrategies.com/debtreduction www.studentdebtloanhero.com Show Notes: 00:00 Introduction 00:24 Special guest interview with Sam Denton of Denton Wealth Strategies 03:16 Over 43 million people have student loan debt with many doctors over $180k 05:11 The first step is to start saving and be in control of your money 07:04 Offensive and Defensive approach to student debt 09:19 Understanding the difference between inflationary vs non inflationary 11:22 How the student loan bubble will impact our economy 12:39 Why Doctors can benefit the most from approaching student loan debt correctly 14:51 Visit www.studentdebtloanhero.com and www.dentonwealthstrategies.com/debtreduction

Your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about different strategies and benefits to having savings. Kim shares her family savings plan and together they discuss how to create the discipline of savings. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode.

Summary: Today your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about the money myth of borrowing against life insurance without ever intending to pay it back. In this episode you'll see the power of life insurance loans and get an idea on how you could use this financial vehicle in your life. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] 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 [email protected] Show Notes: 00:00 Introduction 00:28 Today's topic: The money myth of borrowing against a cash value life insurance policy without intending to pay it back. 01:59 How the strategy of not paying off cash value policies came about 04:27 What happened in 2008 that changed how we look at cash value policies 05:57 Why life insurance loans are so attractive 07:08 The shocking difference between taking a loan from a bank and borrowing against life insurance 09:18 Real Estate fix and flip case study example 10:49 How opportunity will seek you out if you have a position of cash 11:26 Should you overfund a life insurance policy if you have a lot of credit card debt? 14:04 Resources for more information about life insurance loans at www.partners4prosperity.com/ebook

Summary: With the negativity of news it feels like our current economic situation is all doom and gloom, but is it? In today's episode Kim Butler and No B.S. Money Guy Todd Strobel sit down and talk about the things we can control and the actions we can take. They dive into 401k options and even talk about food storage and growing food with heirloom seeds. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] 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 [email protected] Website www.essentialseeds.us for heirloom seeds Show Notes: 00:00 Introduction 01:16 Today's topic: What can we control and what should we worry about? 01:49 You can control your thinking and actions which direct your finances 02:15 How to stop worrying about the stock market 02:50 Ask your 401k provider about an in-service withdrawal 03:55 Employment concerns in this current economy 04:47 How to make yourself more valuable in the marketplace 07:32 Tips Kim learned from Elon Musk's book 09:01 The advantages of reading books and listening to podcasts 10:53 Are you worried about the Federal Reserve? Here's what to do. 13:29 Listeners help: What ideas do you have about revitalizing a neighborhood for neighborhood food growing?

Summary: Your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about a case study of a 51 year old female who owns real estate, has some cash on hand and is making decisions on what to do with her money for the remainder or her life. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] 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 [email protected] Show Notes: 00:00 Introduction 00:29 Today's topic is the Great American case study 01:42 Case Study of 51 year old female 03:15 To get a clear picture you need to determine your longevity and health 04:33 Determine your risk tolerance to get an idea of your rate of return 05:53 The #1 rule is we must protect principle 06:03 The #2 rule is we must grow investments higher than inflation 06:54 Tips so you don't erode principle 07:52 Specific recommendations for this American case study 09:09 Setting aside an emergency and opportunity fund 11:05 Taking $5,000 per year of the $50k fund and put it into a whole life policy 12:26 What to expect with the death benefits

Summary: In this episode Kim Butler and No B.S. Money Guy Todd Strobel sit down and talk about another financial myth that even affects some financial advisors. Kim and Todd share the 3 mistakes people make around the calculations of finances. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links in this Episode: Grab your free ebook Busting the Interest Rate Lies for more details Submit your questions [email protected] Show Notes: 00:00 Introduction 00:30 Today's topic is addressing the Financial Myth - Finding Miscalculations 02:09 The 3 mistakes people make around the calculations of finances 02:34 Mistake #1 - Trying to Make Financial Calculations with a Traditional Calculator 03:39 Look for additional calculator functions that provide future value, present value, time, rate and payment 07:17 Mistake #2 - Time Value of Money 07:42 Anytime you have dollars doing anything greater than one day's work you have a time value issue 09:14 Time value of money is essentially applying an interest rate to your calculation 10:43 For more information on how this works look at the ebook: Busting the Interest Rate Lies 10:51 Mistake #3 - Misunderstanding and Misstating Timeframes

In this episode Kim Butler and No B.S. Money Guy Todd Strobel sit down and talk about another financial myth that even affects some financial advisors. Kim and Todd share the 3 mistakes people make around the calculations of finances. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode.

Today's episode comes from a listener question where Kim Butler and No B.S. Money Guy Todd Strobel sit down and address the topic of life settlements. They share some of the confusing terms and address common questions. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode.