The Prosperity Podcast

In this episode Kim Butler and No B.S. Money Guy Todd Strobel sit down and talk about building a team of trusted advisors that can manage your financial affairs. This topic conversation comes from a recent issue in the AARP magazine. Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode.

Kim Butler and no B.S. money guy Todd Strobel sit down and talk about the money myths that float around in the financial world and one of those biggest myths is that the government wants to build people's wealth. Anyone with a 401k will hear about the government's true objective and see the potential risk on the horizon. Tune in to find out how to take control of your finances today. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!

Summary: Best-selling author Kim Butler and No BS money guy Todd Strobel talk about money myths in particular whether or not it is a good idea to "self-insure" if you have enough money. Kim asks why it is that insurance companies provide more for you if you have more wealth, when society thinks you should have less? And finally Kim and Todd discuss the difference between gross and net worth insurance coverage. Tune in to find out how to take control of your finances today. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Links in this Episode: Get the free ebook and audiobook - Financial Planning has FAILED Submit your questions [email protected] Show Notes: 00:00 Introduction 00:43 2 questions: can you self-insure? And should you self-insure? 02:35 Life insurance is not necessary. Especially if you have built up enough assets 06:34 Kim asks why is it that insurance companies will provide more if you have more wealth, yet our society thinks you should have less? 08:36 Life insurance runs things completely different from any other insurance-- it's need-based 08:58 Gross worth vs Net Worth insurance coverage 09:39 The answers to if you should self-insure, and can you? 12:15 The income tax free benefits of life insurance

Summary: Best-selling author Kim Butler and no B.S. money guy Todd Sterobel talk about how to convert a traditional IRA to a Roth IRA. They discuss the Who, Why, and How to convert. They also talk about certain situations in which converting to a Roth IRA would not be beneficial. There are several advantages of converting to a Roth IRA that Kim and Todd discuss in detailed, yet simple and clear terms. Tune in to find out how to take control of your finances today. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Links in this Episode: Get the free ebook and audiobook - Financial Planning has FAILED Submit your questions [email protected] Show Notes: 00:00 Introduction 01:02 There is no income requirement for converting a traditional IRA over to a Roth IRA 01:26 Kim answers the how, why, and who the Roth IRA is a good strategy for 01:56 The Who: converting can be beneficial if you have the dollars to pay the tax that are going to be due 03:06 Converting is good for people who believe that taxes are going up, that want to access the Roth IRA tax laws, and have extra cash sitting around 03:47 Yes, you can do a partial conversion 04:38 If Hillary Clinton's plan goes through all loopholes may be cut so this might be your only time to convert to a Roth IRA 05:02 People are believing that taxes are going to go up-- it would be beneficial to go ahead and pay the taxes now and put those tax dollars into a Roth IRA and you would not pay taxes on it in the future 06:13 The Why: You have enough dollars TODAY that you are willing to pay the tax with. You may want to even take a lower income this year and convert to the Roth IRA and because you are in a lower tax bracket, you pay lower taxes on the IRA conversion 07:19 Todd makes a point that those parents sending their kids off to college and trying to receive financial aid, may NOT want to convert to a Roth IRA as having that extra income could affect that negatively 07:47 Kim talks about the advantages of the Roth IRA-- it's like the old adage: Roth IRA law is like paying taxes on the seed, and not on the harvest 08:42 One of the differences between a traditional IRA and Roth IRA is that a traditional IRA pays taxes at distribution, whereas a Roth IRA does not 08:59 The How: There's 2 ways-- 1. A simple conversion just requires paperwork 2. Get a discount for that conversion in other words, get taxed on a lesser dollar amount 11:12 There are no penalties for converting to a Roth IRA 12:41 Special email for podcast listeners only is: [email protected] get the ebook at partners4prosperity.com/ebook audio version available also

Summary: In this fun and resourceful episode Kim Butler and no B.S. money guy Todd Strobel sit down and talk about the mental nutrition and routines we have in our lives for consuming information and sharpening our minds. Together they share some of their favorite news sites, books, podcasts and much more. Tune in to find out how to take control of your finances today. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Links in this Episode: Get the free ebook and audiobook - Financial Planning has FAILED Submit your questions [email protected] Show Notes: 00:00 Introduction 00:28 Today's topic - Your News Diet and Your Mental Nutrition 02:27 How Kim gets news and information 04:05 The bulk of news is negative news 05:20 Be very careful of how you feed your brain 05:35 Kim's first pick is Christian Science Monitor 06:07 Todd's first pick is Audible.com 07:40 The podcast The Kind World Podcast 09:27 Positive and uplifting news The Good News Network 10:27 AARP.org inspiring stories for baby boomers 11:23 GrowingBolder.com hope and inspiration 12:55 Book Disrupt Aging by Jo Ann Jenkins 14:20 Book Quiet by Susan Cain 14:41 Share your favorite books and resources with us at [email protected] 15:17 Audiobook Learning How to Avoid the Gap by Dan Sullivan

Summary: Can employing your kids be a tax advantage? In this episode Kim Butler and no B.S. money guy Todd Strobel sit down and talk about how employing children can offer several tax benefits and teach them the value of money. Children can do menial or low-skilled work and get compensated and you can benefit with tax breaks. For you to implement this in your financial strategy you will want to consult with your CPA or advisor and follow the guidelines presented by the IRS Tune in to find out how to take control of your finances today. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Links in this Episode: Get the free ebook and audiobook - Financial Planning has FAILED Submit your questions [email protected] Show Notes: 00:00 Introduction 00:29 Today's topic: Taxes; and how to lower your tax bill 01:16 If tax money could be put back into your business, where would it do the most good? 01:54 Kim Butler: firm believer in paying someone else to do the work 02:32 Employ your kids so they learn the value of work and money (check with your CPA first) 3:45 Getting your kids to help work in your business may help solve family dynamics if they have their own money 4:14 Todd's idea: using your kid's pictures in marketing 5:34 Talks about teens having their own money, learn how to make their dollar stretch 6:39 Kim's ideas on what work kids and teens can do and in turn make them more independent financially 8:03 It's a win-win from a business point of view, child's point of view, and parent's point of view, and job market point of view 9:18 Make sure you stay in line with the law when employing children 10:20 Send in questions or comments

Summary: Most market expectations are based on information from the past. That alone won't cut it anymore since we live in an economy that advances by nanoseconds with bots and bytes of information. In this episode Kim Butler and no B.S. money guy Todd Strobel sit down and talk about rearview mirror investing and share one of the key principles of prosperity. Tune in to find out how to take control of your finances today. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Links in this Episode: Get the free ebook and audiobook - Financial Planning has FAILED Submit your questions [email protected] Show Notes: 00:00 Introduction 00:29 Today's topic: Rearview Mirror Investing 00:56 "Pilots don't use rearview mirrors" famous quote by Joel Weldon 01:47 Investing and trading happens in millionths of a second 02:58 Why the stock market did so well over the last 20 years 04:00 Why do you think we are so hung up on history as it relates to our investments? 04:21 Focus on what you can control 05:00 If you cannot control a particular marketplace you have no business investing in that company in the stock market 05:24 The reasons why Warren Buffett and Donald Trump win in the market 07:10 The 401k and baby boomers have completely changed the marketplace 10:09 The distinct difference between an asset that is growth oriented and an asset that is income oriented 10:41 Start your knowledge about the new economy in this free ebook Financial Planning has FAILED 12:50 Ask a question for the podcast [email protected]

Summary: If you have money tied up in a 401k, 403b or a 529 plan then you will be shocked to hear about the regulations and restrictions placed on your money. Kim Butler and no B.S. money guy Todd Strobel sit down and talk about the important prosperity values of maintaining control and simplicity. Tune in to find out how to take control of your finances today. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Links in this Episode: Get the ebook - Financial Planning has FAILED Show Notes: 01:25 Talking about 401k, 403b and 529 plans 03:23 Giving up control is a major prosperity violation 04:20 Savings should be a guarantee and not fluctuate 04:47 Every 529 plan has the amount of money put in and the growth has been destroyed 06:18 Sometimes it's worth paying the penalty for the freedom of your money 06:50 What do you think the government's goal is? 10:34 Control and simplicity are important things to seek out in your investments 12:47 Your money needs to do 3 these three things

Summary: Should you get a conventional mortgage or a jumbo loan? In this episode Kim Butler and no B.S. money guy Todd Strobel sit down and talk about the advantages of a 30 year mortgage and see numerically what makes sense in the long run. Tune in to find out how to take control of your finances today. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Links in this Episode: Financial Planning Has Failed Ebook Busting Interest Rate Lies Show Notes: 00:00 Intro 00:51 What Are Jumbo Loans & Are They Actually Bad? 01:15 What Do You Need to Know About Jumbo Loans? 04:11 Is It Worth it to Pay the PMI or Should You Put 20% Down? 07:07 Jumbo Rate vs. Conventional Rate Mortgage 12:45 Proving Numerically that a 30 Year Mortgage is More Efficient 13:41 Should You Work Toward Refinancing? 15:36 Should You Keep Your Equity in Your House? 18:18 Outro

Summary: Retirement planning is huge in the financial industry! But is it actually a good idea? Today our hosts, best selling author Kim Butler and no B.S. money guy Todd Strobel sit down to talk about the idea of "planning your retirement" and why you should avoid it all costs. They discuss the harms of trying to plan your financial future, and the alternatives to financial planning that provide the most financial security and return. Tune in to find out how to take control of your finances today. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Links in this Episode: Financial Planning Has Failed Ebook Busting Interest Rate Lies Show Notes: 00:00 Intro 00:42 Discussing the Concept of Retirement 03:02 What's Wrong With "Planning" Retirement 06:44 What Can You Do Instead of Retirement? 08:51 How Crucial It Is to Save 09:50 Resources 10:39 Why Financial Decisions Should Be Simple & Made By You 11:41 Outro

Summary: What's so great about compound interest? Our hosts Kim Butler and Todd Strobel think not as much as you think. For today's podcast, we sit down to discuss more financial planning industry lies - this time lies about compound interest. They talk about the importance of opportunity cost, how compounding is making problems worse, and how to be smart with your taxes and investments. Tune in to find out how to take control of your finances today! If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Links in this Episode: Financial Planning Has Failed Ebook Busting Interest Rate Lies Dalbar Show Notes: 00:00 Intro 00:54 Lies that the Financial Planning Industry Promotes 01:07 What's So Great About Compound Interest? 02:53 The Importance of Opportunity Cost 05:51 Compounding is Making the Problem Worse 09:56 Being Smart With Taxes & Investments 13:00 Different Types of Investment & Savings Vehicles 15:06 Outro

Summary: Today our hosts, best selling author Kim Butler and No B.S. money guy Todd Strobel continue to talk about lies and myths within the financial planning industry! They discuss the fallacy of the "average" rate of return, and explain why no one actually receives this amount. They also talk about the difference between savings, investments...and gambling. Tune in to find out how to take control of your money today! If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Links in this Episode: Financial Planning Has Failed Ebook Busting Interest Rate Lies Dalbar Show Notes: 00:00 Intro 00:38 More Financial Planning Myths & Lies 00:48 An Average Rate of Return Versus An Actual Return 04:12 Why You Should Never Store Wealth on the Stock Market 05:32 Why Do People Think Stocks are the Only Investment? 09:13 Why a Higher Rate of Risk Does Not Produce a Higher Rate of Return 11:06 What Else Can You Invest in Other Than Stocks? 13:15 Resources 15:03 Outro

Summary: Should you be prepaying your mortgage or getting a 15 year mortgage instead of a 30 year mortgage? Today our hosts best selling author Kim Butler and co-host Todd Strobel sit down to tackle one of the most pervasive lies in the financial industry: you should be trying to pay down your house as soon as possible. They talk about the flaws that home equity has as an asset, alternative places to store your money, and the value of peace of mind. Tune in to find out how to take control of your finances today! If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Links in this Episode: Financial Planning Has Failed Ebook Busting Interest Rate Lies Show Notes: 00:00 Intro 00:44 Prepaying Your Mortgage & 15 Year Vs. 30 Year Mortgages 01:41 Why Prepaying Your Mortgage is Not the Answer 02:30 Why Home Equity May Not Be the Right Asset for You: The CLUE Test 06:27 What About Interest? 08:24 Busting the Interest Rate Lies 09:39 The Times When Peace of Mind Overrides the Financial Decision 10:32 How to Compare a 30 Year to a 15 Year Mortgage 14:32 What is a "Run Rate" 15:39 Resources 16:34 Outro

Summary: Today our hosts, No B.S. money guy Todd Stroble and best-selling author Kim Butler talk about the financial planning lie of "buying term and investing difference", why this concept is fallacious and what some good alternatives are. Tune in to find out how to take control of your money today! If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Links in this Episode: Financial Planning Has Failed Ebook CreateSpace Show Notes: 00:00 Intro 00:24 Addressing More Financial Planning Lies 00:32 Buying Term & "Investing the Difference" 02:11 What is the Most Profitable Product to the Life Insurance Agent and Company? 06:01 Why Whole Life Insurance is Better for the Client than Term Insurance 07:32 99.5% of Life Insurance Premiums Never Pay a Death Benefit 11:24 Using Insurance As a Savings Equivalent 11:37 Why Not all Term Policies Are Equal 14:45 Resources for Listeners 16:39 Outro

Summary: How much of the typical financial planning "wisdom" is actually a lie? Today our hosts best selling author Kim Butler and co-host Todd Strobel sit down to try and unpack some of the most common lies in the financial industry. They discuss whether bonds are actually a safe place to store your money, and whether or not "savings" and "investments" are the same thing. Tune in to learn how to take control of your money and your financial future. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Links in this Episode: Financial Planning Has Failed Ebook CreateSpace Show Notes: 0:00 Intro 0:42 List of Financial Planning Lies 2:37 Lie #1: Saving & Investing Are The Same Thing 6:34 When You Should Be Saving vs. Investing 13:06 Lie #2: Bonds Are the Place to Store Your Safe Money 19:10 Cash Value of Whole Life Insurance as a Safe Place for Money 20:40 Outro

Summary: Today on the Prosperity Podcast, best selling author Kim Butler and co-host Todd Strobel tackle a tough but important question: how to teach your kids about Prosperity economics & finances. They talk about how our own attitude about money can affect our children, and how to install in them the positive values of hard work and perseverance. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Links in this Episode: Financial Planning Has Failed Ebook Prosperitypeaks.com (Website for Consumers) Prosperityeconomicsadvisors.com (Website for Advisors) Kim Butler's Amazon Author Page Show Notes: 0:00 Intro 0:27 How Do You Introduce the Principles of Prosperity Economics to Your Children? 3:10 Stop Limiting Thinking to Show a Prosperity Mindset 8:01 Using Money to Teach Values 10:09 What About Allowances? 14:39 Supporting the "How" Around Prosperity Economics 16:38 The Concept of Giving Away Money 18:18 Resources for Learning About Prosperity Economics 19:33 Outro

Summary: Today on the Prosperity Podcast one of our hosts, No B.S. Money Guy Todd Strobel sits down to discuss best selling author's Kim Butler's background and goals. Kim and Todd talk about Kim learning about money, finances, and hard work at early age when her father bought her a cow! They also discuss how she became a financial advisor, and when she realized typical financial planning was not working for her clients. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Links in this Episode: Financial Planning Has Failed Ebook Prosperitypeaks.com (Website for Consumers) Prosperityeconomicsadvisors.com (Website for Advisors) Kim Butler's Amazon Author Page Show Notes: 00:00 Intro 00:35 Who is Kim Butler, Where Did She Come From, Why Did She Decide to Be Where She is Today? 01:22 What's Your Background, Where Did This All Start? 09:24 Taking Personal Responsibility Once You Know the Truth 12:23 What is Your Goal? 15:28 Outro

Summary: What is the Prosperity Economics Movement, and where is it going? Today the hosts of the Prosperity Podcast, best-selling author Mary Juetten and No B.S. Money Guy Todd Strobel sit down to discuss the movement that Kim started. They talked about why she named it the prosperity economics movement, what it's for, and where they think it's going. Tune in to find out how you can take control of your finances and achieve prosperity for you and your family! If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Links in this Episode: Financial Planning Has Failed Ebook Prosperitypeaks.com (Website for Consumers) Prosperityeconomicsadvisors.com (Website for Advisors) Show Notes: 00:00 Intro 00:32 Kim Butler's Non Profit Movement 00:46 The Prosperity Economics Movement 02:11 Typical Financial Planning 04:11 Why "Prosperity" and "Economics" 07:10 The Concept of Abundance 08:48 Where is Prosperity Economics Going? 13:00 Outro

Summary: Today our hosts, best-selling author Kim Butler and No B.S. Money Guy Todd Strobel sit down to talk about the company that Kim started, Partners for Prosperity. They discuss the meaning of the company's name, it's purpose, their philosophies as advisors, and the importance of keeping curious & taking baby steps. Tune in to find out more about how to take control of your financial future and ensure yourself and your loved ones prosperity! If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Links in this Episode: Financial Planning Has Failed Ebook Show Notes: 00:00 Intro 00:33 Partners For Prosperity: Where The Company Came From & What It Stands For 01:05 The Origin of the Name "Partners for Prosperity" 02:30 The Purpose of Partners For Prosperity 05:04 Are You A Better Advisor Today Than A Year Ago? 08:14 Asking Questions, Keeping Curious, and Taking Baby Steps 12:32 Resources for Listeners 14:17 The Importance of An the Opportunity Aspect of Building Cash 16:55 Outro

Summary: What are the top financial concerns people have today? And what are their solutions? Today our hosts, best selling author Kim Butler and No B.S. Money Guy sit down to address people's top eight financial concerns. They discuss out of control spending, the rising costs of higher education, not having an emergency fund, steep housing prices, overwhelming debts, the volatility of the stock market, and lack of a financial plan. Tune in to find out how to take control of your finances today! If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Links in this Episode: Financial Planning Has Failed Ebook Show Notes: 00:00 Intro 01:11 The Top 8 Financial Concerns on the Internet 01:33 1. Out of Control Spending 03:31 2. Planning for Retirement 05:45 3. The Rising Costs of Higher Education 07:55 4. No Emergency Fund 10:44 5. Steep Housing Prices 13:17 6. Overwhelming Debts 15:48 7. The Volatility of the Stock Market 18:04 8. Lack of Financial Plan 21:26 Outro

Summary What is the secret to attracting wealth into your life? Would you believe that it starts as simple as changing your thoughts? Today our hosts, Brett Kitchen and Ethan Kap, sit down to talk about the number one principle of wealth attraction. They talk about how our thought patterns, and the thought patterns of those around us, influence who we are and who we become. Tune in to Wealth Beyond Wall Street every week to learn more about creating passive wealth, enjoying your work, and finding financial freedom. Also, don't be scared to tap into Brett and Ethan's wealth of financial experience and send them your questions here. Show Notes 00:00 Intro 01:36 Secret of Attracting Wealth Into Our Life 03:01 Changing Your Thoughts to Attract Wealth 04:14 Understanding the Human Psyche 06:46 Bring Positive Self Talk Into Your Everyday Conversations 08:30 Believe in Yourself 11:11 Outro

Summary: Today our host, best selling author Kim Butler and No B.S. Money Guy Todd Strobel sit down to talk about guaranteed whole life insurance, what it is, and how it works. They discuss the problem with instant policies and "deals" (aka tradeoffs). They also talk about when guaranteed whole life policies are a good thing and how to get life insurance when you are at an older age, and/or medical disabilities or health problems. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Links in this Episode: Financial Planning Has Failed Ebook Show Notes: 00:00 Intro 00:35 Talking About Guaranteed Whole Life 02:11 What A Guaranteed Whole Life Policy Is 04:30 Problems with Instant Policies & "Deals" 05:55 When Are Guaranteed Whole Life Policies a Good Thing 08:26 Getting Life Insurance at an Older Age or with Medical Disabilities/Health Problems 09:28 Resources 10:49 Outro

Summary: The millennial generation have learned to distrust so much of what they see: they don't believe the hype or the marketing and they're wearing of ending up in the same place financially as their parents. Today our hosts, best selling author Kim Butler and No BS Money Guy Todd Strobel, sit down to talk about best practices millennials should be following to keep their money safe and set themselves up to be in a good place, financially, years down the line. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Links in this Episode: Financial Planning Has Failed Ebook Show Notes: 00:00 Intro 00:37 Talking about Millennials 01:18 Do Your Own Research 06:10 Getting Clear on the Concept 06:57 Investing in Your Own Education 08:13 Learn How You Learn 10:18 Simplicity and Clarity 12:39 Send Us Your Questions 13:37 Outro

Summary: Finding the right financial advisor is an extremely important step to taking control of your money. Today, our hosts best selling author Kim Butler and No BS Money Guy Todd Strobel talk about taking the right steps to finding a good financial advisor. They talk about principles and philosophy, strategy, licensing, and product. Tune in to find out how to take control of your financial future today! If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Links in this Episode: Financial Planning Has Failed Ebook Show Notes: 0:00 Intro 0:59 Choosing a Financial Advisor 2:22 Getting Clear on their Principles and Philosophy 2:42 Checking their Licensing 4:34 The Fiduciary Standard & The Suitability Standard 6:41 Evaluating their Products 8:36 Paying for Advice 9:47 Separating Marketing from Fact 12:58 Outro

Summary: In the last episode, our hosts, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talked over how to choose a life insurance company. In this episode, they talk about how to choose a life insurance agent. They discuss what to look for in an agent, what to be wary of, how to think about commissions, and how to determine "objectivity". Tune in to learn more about your finances and find out how to take control of you money! If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: 00:00 Intro 00:39 How to Choose a Life Insurance Agent 02:26 What is it that You're Really Looking For? 05:00 Putting Your Money Where Your Mouth Is 05:11 Proving What You're Talking About 06:04 Being Able to Understand Your Advisor's Philosophy 08:39 Compensation & Savings for the Client 10:16 Answering Your Questions Directly 12:22 How Important is it That Your Agent Has a Web Presence? 16:20 Additional Resources Financial Planning Has Failed

Summary: When it comes to whole life insurance, does it matter what company you buy from? The answer is both yes and no. Tune in today as best selling author Kim Butler and No BS Money Guy Todd Strobel talk about which questions are, and are not, important when it comes to whole life insurance. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: 00:00 Intro 01:01 Whole Life Insurance: Focusing on the Wrong Things 01:25 Typical Whole Life Questions 03:49 Mutual Companies versus Stock Companies 08:47 What About Ratings Assigned to Companies? 13:08 Finding a Company or Companies to Work With 17:40 Outro

Summary: Today on the Prosperity Podcast our hosts, best selling author Kim Butler and No BS Money Guy Todd Strobel sit down to talk about Fixed Indexed Annuities. They talk about the benefits and drawbacks of Fixed Indexed Annuities, how they work, and who sell them. They also discuss the importance of knowing exactly what you want out of your money and finding the right vehicle for that purpose. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: 00:00 Intro 00:39 Fixed Indexed Annuities 02:54 How Fixed Indexed Annuities Work 06:09 The Problem of Liquidity with Fixed Index Annuities 06:27 Fees Associated with Fixed Index Annuities 07:32 What Goals Do You Have for Your Money? 13:39 The Fifth Principle of Prosperity: Control 15:23 Outro

Summary: Many people respond very emotionally to the idea of a reverse mortgage. On this episode of the Prosperity Podcast, best selling author Kim Butler and No BS Money Guy Todd Strobel sit down to talk about what a reverse mortgage is and what the benefits and drawbacks are. They also discuss the benefits of combining both a reverse mortgage and life insurance to maximize benefits. Tune in to find out how you can take control of your finances and become a more educated banker and consumer. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: 00:00 Intro 00:49 Reverse Mortgages 01:24 Quicken Reverse Mortgage Department The Quicken employees are specifically trained to work with prosperity clients on reverse mortgages: Call 888-500-7210 03:57 Combining Life Insurance with a Reverse Mortgage 06:45 The Mechanics of the Reverse Mortgage 11:11 Purchasing Life Insurance for Your Family 15:25 Outro

Summary: Saving for retirement can be hard, especially as life spans get longer. In fact, a lot of people lose most or all of their assets by not properly preparing for a long term care situation. They might even plan for the right number of years, but not for the cost of their medical expenses. Today best selling author Kim Butler and No B.S. Money Buy Todd Strobel talk about several different ways we can prepare for long term care and still maintain control of our money and follow the seven principles of prosperity. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: 0:00 Intro 0:35 Asset Based Long Term Care 1:09 Long Term Care Riders in Whole Life Policies 2:21 Asset Based Long Term Care formed with An Annuity 4:13 Looking at Your Situation Wholistically 7:51 Seven Principles & Long Term Care 14:18 Outro

Summary: Today's topic is something that a lot of people might not understand completely - the multiple uses of paying life insurance premiums. Best selling author Kim Butler and No BS Money Guy Todd Strobel clarify and explain just how pay your life insurance premium works, when you can stop, what that money really does and goes toward, and the flexibility that minimum and maximum pay depositions allow. Tune in today to learn more about whole life insurance and take control of your financial future! If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: 0:00 Intro 0:44 Multiple Uses of Paying Life Insuraance Premiums 1:29 When Can You Stop Paying Your Premium? 2:50 What Happens When You Pay Your Premium? 6:22 The Importance of the Annual Break Even 7:55 How Premium Builds the Death Benefit 11:45 Minimum & Maximum Pay Depositions 17:34 Peace of Mind that Comes with Whole Life Insurance 18:29 Where to Go for More Information 19:18 Outro

Summary: How are you saving your money? Do you withdrawal money from your saving account, then pay yourself back later? What if you left that money in your account and let it grow and borrowed against that instead? Most people don't figure this out until much later in life, but doing so allows you to take advantage of the value of uninterrupted compound growth. Today's episode is a little bit more technical, but very important. Tune in to find out how to take control of your finances and keep your money safe! If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: 0:00 Intro 0:39 The Value of An Uninterrupted Compound Interest Curve 2:33 The Importance of Borrowing Against Your Savings 5:21 Why It Matters What You Do With the Money 9:37 Outro

Summary: What is the value of good health? Probably not something we can measure! However, the effect of certain healthy habits (and lack of unhealthy ones) can have a measurable effect on your finances! Today Kim Butler and Todd Strobel sit down to talk about the financial value of healthy living, and the best ways to incorporate healthy practices into your lifestyle, to not only feel better but increase your net worth! If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: 00:00 Intro 00:45 The Value of Good Health 02:20 Sleeping and Salary Increase 09:12 Exercise and Higher Pay 12:00 Smoking's Effect on Your Finances 15:31 Managing Stress 18:11 Outro

Summary: Today's episode covers a very specific situation, however, if you have or plan on purchasing a whole life policy, this very well may be a situation that you run into. Best selling author Kim Butler and co-host Todd Strobel sit down to talk about the best way to repay debt on loans against a permanent life insurance policy. They talk about the various reasons a loan may have been made, including hard financial times - and then they discuss how to optimize the repaying of this loan. Tune in to learn more about taking control of your financial future and keeping your money safe. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: 0:00 Intro 0:34 How To Repay Debt on Loans Against a Permanent Life Insurance Policy 1:26 Investigating a Case Study 8:03 Why the Loan Must Be Paid Before Making More Than Minimum Pay Deposition 11:53 What Else Can Be Done to Reduce the Outlay on the Policy 13:34 What Strategies Can Be Used to Anticipate Problems Setting Up the Policy? 16:42 Resources Financial Planning Has Failed 17:27 Outro

Summary: Approximately seven years ago, many good, profitable businesses found themselves in a bind because their line of credit was pulled by the bank, and ultimately had to shut down. Many business owners wonder if there is a way to continue to feed their business if the worst should happen to again and their access to reliable credit is cut off. Today on the Prosperity Podcast, best selling author Kim Butler and co-host Todd Strobel reach out to those trying to grow and manage their own business to discuss the importance of being able to borrow against cash value of life insurance in instances where credit is not an option. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: 00:00 Intro 00:33 Reaching Out to the Self Employed 01:02 Keeping Our Doors Open With Cash Value of Life Insurance 04:41 How Do You Access Your Cash Value of Life Insurance? 07:21 The Problem With Seven Year Apnesia 07:59 What Do I Have To Do To Pay It Back? 13:15 What Could a Death Benefit Be Useful For in Business? 14:22 Should This Be Set Up as a Business Expenditure? 16:04 Outro

Summary: We all want to invest our money in profitable enterprises. Conversely, many of would also like to invest in programs and organizations that make the world a better place. Do these two goals always need to be separate? Today, our hosts best selling author Kim Butler and no b.s. Money guy Todd Strobel sit down to talk about investments that benefit the world, the investor, and the investee, or win win win investments. Tune in to find out how you can use your money to make a difference, while still keeping it safe and securing a profit! If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: 0:00 Intro 0:30 Investments that Improve the World 2:40 The Importance of a Win Win Win Investment (Triple Bottom Line) 3:19 What is the Definition of a Win Win Win Investment? 3:39 How Do You Feel About Investing in Alcohol and Tobacco to Fund a Charity 4:56 Examples of Value Laden Investments 7:18 Investing Locally 10:55 The Benefits of For-Profits that Improve the World 12:36 Outro

Summary: Could low interest rates ever be a bad thing? Today our hosts best selling author Kim Butler and no b.s. Money guy Todd Strobel sit down to talk about how the federal reserve might be hurting us with low interest rates. They talk about the effect that low interest rates have on the majority of people's retirement plans and tax deferred accounts, the effects they may have on your pension, and their effects on the life insurance business, dividends, and mutual life insurance companies. Tune in to plan for your retirement and ensure that your money is safe and profitable. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: 00:00 Intro 00:44 How the Federal Reserve is Tricking Us 01:21 Why Would the Federal Reserve Lower Interest Rates? 04:18 How This Affects Pension Funds 08:15 How Are Life Insurance Companies Dealing With This? 18:22 How Life Insurance Benefits the Living 20:03 Financial Planning Has Failed partners4prosperity.com/ebook 20:56 Outro

Summary: Annuities are super safe, require a super long commitment, and they could also cost you superbly. Today our hosts, best selling financial author Kim Butler and no b.s. money guy Todd Strobel sit down to talk about annuities, and the different type of annuities available. They talk about the different reasons why financial advisors might recommend annuities and why they never recommend tax deferred, fixed or equity index annuities. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: 0:00 Intro 0:43 Annuities 1:52 How Tax Deferred, Fixed & Equity Index, and Immediate Annuities Work 9:05 Alternatives to Annuities 14:43 Outro

Summary How do we get an accurate picture of our finances - not so up close that we can't see the forest from the trees, and not so far away that we're up in the clouds? Today, best selling author Kim Butler and no b.s. money guy Todd Strobel talk about how to get that perfect snapshot, that thirty thousand foot view, of our money. They explain what a prosperity profile sheet is, where you can go to get one, or how you can make your own! Tune in to take control of your finances and get your house in order today. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes 00:00 Intro 00:42 The Thirty Thousand Foot View 03:45 How to See the Big Picture 05:49 The Prosperity Profile - What's In It partners4prosperity.com 13:09

Summary: Why are so many retirees dissatisfied? Today our hosts no bs money guy Todd Strobel and best selling author Kim Butler sit down to talk about the growing number of dissatisfied and unhappy retirees. They talk about the primary importance of choosing to be happy, day to day and even minute to minute. They then turn their attention to the learning how to prepare (not plan!) for retirement, the role of fear in retirement preparation, and the importance of having cash flow. Tune in to find out more about how to set yourself up for a secure, prosperous retirement. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: 00:00 Intro 00:24 Talking About the So Sad Retirees 01:14 Dissatisfied Retirees - Why is it Happening? 03:11 How to Prepare and Practice Creating a Choice to be Happy 10:02 The Importance of Cash Flow and the Role of Fear 12:12 Resources to Help Financial Planning Has Failed 14:48 Outro

Summary: Today on the Prosperity Podcast, our hosts, best-selling author Kim Butler and no bs money guy Todd Strobel, sit down to discuss 'why it's ok to stray from the 401(k)'. They talk about the difference between "saving" and "investing" and how those words have gotten confused in our everyday language. They also discuss what you should be doing with your money instead of investing in a 401(k) (not buying a jet ski!) - but putting your money in places where you have 'CLUE' - control, liquidity, use, and equity. Tune in to find out more about 401(k)s and how to keep your money safe. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: 00:00 Intro 00:36 How it's Ok to Stray from the 401(k) 02:14 What You Should Be Doing with Your 401(k) Money 02:59 What is the Difference Between Saving and Investing? 04:27 CLUE: Control, Liquidity, Use, and Equity 10:19 How is Life Insurance Different from 401(k)s? 13:36 Being Able to Use Your Opportunity Money 15:15 Educating Yourself More Financial Planning Has Failed 17:00 Outro

Summary: Today on the prosperity podcast, we'd like to welcome Rhea Perry, an expert on educating your children for financial success. Rhea Perry has managed to homeschool all of her six children for financial and entrepreneurial success, by teaching them the principles of the prosperity and encouraging hands on learning. Tune in to find out more about her unorthodox teaching methods and her path to success! If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: 0:00 Intro 0:22 Introducing Rhea Perry 1:01 The Benefits of Homeschooling Our Children 1:21 How Rhea Perry Homeschooled Her Children to Become Successful Entrepreneurs www.education4success.com 8:41 Educating Parents on Educating their Children 11:47 How to Educate Your Children for Responsible Prosperity 16:11 Outro

Summary: Today on the Prosperity Podcast we welcome special guest Joe Pantozzi! Joe Pantozzi is the CEO and founder of Alpha Omega Wealth, a financial advising firm that specializes in privatized banking planning strategies. Joe is a seasoned professional with 30 plus years in the financial services industry dedicated to providing the highest quality service and sound advice based on thorough research. He talks about the importance of insuring your parents, something that can provided financial security and ease children and their parents through the process of caring for a loved one as and when they die. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: 00:00 Intro 00:23 Introducing Joe Pantozzi 00:52 Insuring Your Parents 01:23 What Made You Think About Insuring Parents? 05:57 Are You Actually Prepared? 08:52 How Old Is Too Old For This Strategy 12:29 Creating a Hard Benefit 15:04 Contacting Joe Pantozzi alphaomegawealth.com 702-430-4400 15:48 Outro

Summary: Do you have money in a qualified plan like a 401(k) or an IRA? Are you thinking about putting money into one? If so, this episode is for you. Today, our hosts Kim Butler and Todd Strobel sit down with special guest John Cummuta to talk about the dangers that qualified plans pose to your hard earned savings. They discuss the statistics that prove qualified plans are poor places to store your money, the alternatives, and the reasons why these plans are failing us. Tune in to take control of your finances and learn more about the way money works. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: 0:00 Intro 0:26 Introducing John Cummuta 1:06 How John Discovered the Problem With Qualified Plans 4:49 The System is Broken 6:44 Statistics that Show that Qualified Plans Are Broken 10:29 Why Have Qualified Plans Failed? 15:06 How to Get a John Cummuta's Banker's Secret to Permanent Family Wealth Text "smartestwealth" to 44422 15:59 Outro

Summary: Today on the Prosperity Podcast, best-selling author Kim Butler and our host Todd Strobel review a book they've both read recently, Disrupt Aging: A Bold New Path to Living Your Best Life at Every Age. They discuss the changing face of aging, and how new technologies and medicine that cause is to live longer and healthier are changing the way we think about death, dying, and the aging process. They talk about the effect that this has on financial planning and personal finance, as well as larger societal movements. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: 00:00 Intro 00:29 Discussing Disrupt Aging: A Bold New Path to Living Your Best Life at Every Age 02:01 Shifting the Mindset 06:01 Products from the Financial Industry for the Aging (pg 138) 08:21 Social Security and Aging 13:02 What Is the Value of a Sabbatical Is? 17:58 Outro

Summary: Welcome to the ninety seventh episode of the Prosperity Podcast! Today we welcome special guest Tom Laune to our podcast to talk about finding financial security while self employed. Tom Luanne is the CEO of Stress Free Planning and is able to help many high profile, self employed clients in the music and entertainment industry find financial security for what can often be very volatile work. Tune in to find out more about his business, and about how you can find financial security no matter what your job! If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: 0:00 Intro 0:32 Introducing Tom Laune 2:51 The Importance of Insurance 6:10 Financial Security While Being Self Employed 12:54 Contacting Tom Laune from Stress Free Planning bulletproofwealth.coach 800-591-3928 14:45 Outro

Summary: Welcome to the ninety-sixth episode of the Prosperity Podcast! Today best-selling author Kim Butler and no b.s. money guy Todd Strobel sit down to review Matt Ridley's new book, The Evolution of Everything: How New Ideas Emerge. They talk about how the book dissects economics and economics progress, and the importance of letting things develop naturally. They also talk about the internet, education, and the very good reasons we have to be positive about our future. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: 0:00 Intro 0:30 Reviewing The Evolution of Everything: How New Ideas Emerge by Matt Ridley 1:49 The Evolution of Everything on Prosperity 4:28 Unlimited Prosperity: Leaving the Government Out of It 7:58 The Evolution of the Internet 10:42 The Education System in the Past, the Present, and the Future 13:36 The Importance of Unintended Things 17:06 Outro

Summary It's finally happened! What we've been hinting at for so long, best-selling author Kim Butler's book, "Busting the Interest Rate Lies: Discover the Whole Truth About Money and How You Can Take Control of Yours" is published! On this episode of the Prosperity Podcast, Todd Strobel and Kim Butler talk about the inspiration behind the book and the content included. Don't be afraid to go and take a look for yourself - and if you do, don't forget to leave a review! If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes 00:00 Intro 00:38 The Inspiration Behind Busting the Interest Rate Lies 04:12 How Truth Concept Calculator Ties Into the Book 06:06 Where to Find the Book & Who to Share it With 11:04 The Ability to Calculate the Interest Rate on a Real Estate Deal 13:48 The Subtitle: Discover the Whole Truth About Money and How You Can Take Control of Yours 15:20 Outro

Summary Today our hosts, best-selling author Kim Butler and no bs money guy Todd Strobel, discuss a financial article that Todd read on Modern Money Theory. Modern money theory is the idea that is actually makes sense to lower people's taxes, increase benefits, reduce the sale of bonds, and just inject more money into the money supply. Find out - is this a long term strategy? Will policies like this make for a stable economy? And more on this episode of the Prosperity Podcast. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes 0:00 Intro 0:48 What is Modern Money Theory? 1:54 Is Modern Money Theory a Good Idea? 3:36 A Hypothetical Question About Alpacas 6:34 What Can We Learn From Equating These Examples? 9:18 Your Thoughts on This? 11:14 Outro

Summary: Welcome to the ninety third episode of the prosperity podcast! Today our hosts Kim Butler and Todd Strobel talk about the idea of buying gold as an investment. They discuss the problem with labeling gold an "investment" and ask gold buyers to consider - what exactly do you want your money to do for you, and how does gold fit into that? Tune in to find out what investments can replace gold and what investments are actually effective hedges against inflation. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes: 00:00 Intro 00:53 Gold as an Investment 02:09 The Three Things That We Want Our Money to Do 03:56 Does Gold Create Value or Solve a Problem? 06:03 What About Gold That is Also Art? 08:51 Why You Shouldn't Use Gold as a Hedge Against Inflation 10:33 What is a Hedge Against Inflation? 12:02 The Problem With Storing and Controlling Gold 15:32 Outro

Summary Today on the Prosperity Podcast, our host Todd Strobel and co-host best-selling author Kim Butler sit down with a very special guest! Curtis May talks to us about his company, Practical Wealth Advisors, and his five step money organizer plan to putting you in a position to be prosperous and to live prosperously. Tune in to learn more about managing your money and find a way to live the life you want to live, now and later. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us! Show Notes 00:00 Intro 00:37 Introducing Curtis May Practical Wealth Advisors 01:22 The Money Organizer Plan email [email protected] for free report for all listeners on good debt vs. bad debt 02:07 How the Money Organizer Plan Came About 03:17 Step One: Creating ATM Money: Establishing a Short Term Liquid Fund 10:11 Step Two: Debt Elimination 14:21 Step Three: Building Cash Reserves 16:24 Where to Go to Learn More? 601-622-3121 20:34 Outro