The Prosperity Podcast

Bookkeeping is a great tool to keep your finances in order, but what more can you do to stay organized? In today's episode, Kim and Spencer dive into this topic and tell you what to do to keep your finances organized so you can achieve the greatest results. Stay tuned and enjoy this episode! Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast Bookkeeping Company: https://www.bookkeepinghelpers.com/ Show Notes A principle from Dan Sullivan: Who not How - 1:01 Hiring a bookkeeper - 2:44 The nature of bookkeeping - 3:28 Finding the Who and not the How - 4:42 Having the solution for a problem - 6:20 What are you looking for in hiring a person to help you? - 6:40 A bookkeeper will really help you out! - 8:24 Difference between a bookkeeper and an accountant - 10:24 Why bookkeeping is so important - 13:17 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

Kim and Spencer dive into an interesting topic for today's episode: Why you should not max out your 401(K) before the end of the year. Stay tuned and listen to their insights. Enjoy! Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast Kim's book recommendation: https://www.amazon.com/Accidental-Superpower-Generation-American-Preeminence-ebook/dp/B00JJ322NC Show Notes Deferring a tax problem - 0:34 Understanding the definition of deferring - 0:50 The deferral of taxes - 3:24 Kim's book recommendation - 6:13 Having your money in the stock market - 7:40 The importance of control as a principle of prosperity - 7:56 Pay the tax and keep the money! - 8:38 Keep seeking other deductions - 9:54 Do not use the 401(K) - 10:30 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

How can you prepare yourself for the end of the year? Kim and Spencer will dive into how to create cash flow, emergency funds, getting your estate in order, and how to get organized with your finances. Stay tuned and enjoy this episode! Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast Show Notes Top three things to focus on: cash, cash and cash flow - 0:54 Cash and cash flow - 1:47 Having money saved - 2:03 Emergency funds - 2:44 Create enough cash flow to cover minimum expenses - 4:00 Creating cash flow from your assets - 5:06 The importance of organization - 6:06 Getting your estate in order - 7:49 Be focused and take action! - 10:00 Reach out to Kim Butler - 10:04 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

Is there a recession on the horizon? This is the topic of today's podcast. Kim and Spencer talk about if that is going to happen, when it is going to happen, and how you should be prepared for it. Stay tuned and take notes! Best-selling author Kim Butler and Spencer Shaw show you how to take control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast Peter Zeihan's book: https://www.amazon.com/Absent-Superpower-Revolution-Without-America/dp/099850520X https://www.youtube.com/watch?v=feU7HT0x_qU Show Notes We may not need to worry about it at all - 0:27 Some things that you can do to be prepared - 0:38 The monetary side of being prepared for a recession - 0:59 Talking about Peter Zeihan's book - 2:06 What is going to happen if the dollar fails? - 4:04 Kim's biggest suggestion about an upcoming recession - 4:49 Stock market prices - 5:44 What business is all about - 7:07 When most millionaires were created - 8:00 Focus on your thinking first - 9:22 A course about Whole Life Insurance - 11:29 Helping children understand what a recession is - 13:50 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

Kim and Spencer talk about a white paper called, "The Seven Deadly Investor's Sins." They discuss some of these things they agree with and a few of the investor sins they want to scream at. Stay tuned and see if you agree or disagree. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast Show Notes Talking about the PDF report - 0:41 Inappropriate asset allocation - 1:03 Certainty is one of the Prosperity Economics Movement Principles -2:52 Having too much cash - 3:09 Whole Life Insurance as a wonderful place to store cash - 4:04 The Control Principle - 5:02 Paying excessive fees - 5:25 The Opportunity cost of your fee - 6:44 Poor tax management - 10:13 Inflation is your number two enemy - 11:31 Lifestyle inflation - 12:57 Two things that help us avoid inflation - 13:27 Living off interest - 13:58 Poor debt management - 16:16 A mistake that people make - 17:14 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

Savings: an important tool that every family should address to have control over their finances. In today's episode, Kim and Spencer talk about savings, because most financial advisors tend to not address that very much. Listen to Kim and Spencer share their wisdom and advice and enjoy this episode! Best-selling author Kim Butler and Spencer Shaw show you how to take control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast Show Notes Savings as a verb and as a noun - 1:03 Talking about a recent post about savings - 1:48 The value of intention - 3:22 Looking at savings differently - 4:15 Kim's ideas about savings - 5:44 The whole idea of a unique ability - 6:57 Where to cut expenses? - 8:52 Having a Prosperity Mindset to save -10:35 Getting help when you do not know something - 13:06 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

It's that time again— students go back to school, adults go back to work, and now we all need to go back into good habits! Kim and Spencer explain what it is to get back to good habits and how we should address it, so stay tuned and enjoy! Best-selling author Kim Butler and Spencer Shaw show you how to take control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast Article mentioned in the episode: https://www.rd.com/advice/parenting/back-to-school-secrets/ Show Notes Talking about habits - 0:47 How to add new habits - 1:06 Thinking on a new habit that you want to add - 1:23 Taking some examples from a post - 2:00 Designate a homework spot for your kids - 2:10 An example of a ballerina's habit - 3:37 Another example of habit inside the article - 3:50 Working on personal things to have progress - 4:24 Ask yourself: what rejuvenates you? - 5:05 Having an attitude of gratitude - 5:36 Thinking on what you are grateful for - 6:48 Kim and Spencer being grateful for their listeners - 8:21 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

Do you want to understand more about money processes? In today's episode, Kim and Spencer dive into the circle of money to create wealth, how it's going in, how it's going out, and how it affects you. You will learn more about good financial habits that will help you build wealth. They explain this topic in the previous podcast #307, but today they dive into it more deeply. Stay tuned and enjoy! Best-selling author Kim Butler and Spencer Shaw show you how to take control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast Link to episode 307: https://partners4prosperity.com/having-numerous-policies-as-a-financial-strategy-episode-307/ [email protected] Show Notes The previous podcast in which Kim and Spencer explain the circle of money - 0:43 The principle of cash flow - 1:00 Money is going out every month - 1:29 Storing savings: using a life insurance policy - 1:43 Working on creating cash flow - 2:44 How to enable your wealth efficiency- 3:46 Where can I put the extra money? - 4:30 A whole life insurance to save your money - 4:56 Explaining the circle of money to create wealth - 6:30 Premium policies - 8:17 Convertible Term Insurance - 9:49 If you are confused about what to do, schedule a call with Kim - 11:07 Part one of this circle of money: episode 307 - 11:30 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

Educating your children can be a daunting yet important and fulfilling task, but when it comes to money, what's the appropriate age to educate them? In this episode, Kim and Spencer talk about how early you should start educating your children about finances and money... Stay tuned and enjoy this episode! Best-selling author Kim Butler and Spencer Shaw show you how to take control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast Book Kim mentioned: https://www.amazon.com/Even-Your-Toes-Turn-Purple-ebook/dp/B072HL74P4 Kim's latest book: https://partners4prosperity.com/perpetual-wealth-book Show Notes Teaching them as early and as often as possible - 0.28 The idea of delayed gratification - 1:10 Having conversations at 3 or 4 years old with our children - 2:30 Teaching the connection between work and money - 3:39 Being conscious of the words that we use around our children about money - 4:32 Can I afford it or how can I afford it? - 5:55 An example of not having money to afford a car - 6:32 Kim recommends a book: Even If Your Toes Turn Purple - 7:16 Teaching our children from an entrepreneurial perspective about money - 7:48 How you speak about money impacts younger people - 9:31 Being aware of our language now to create a legacy generation - 10:01 Kim's book Perpetual Wealth and the Legacy part - 10:30 Strategies for raising responsible children - 11:26 Working with the younger generations - 12:20 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

Estate planning, what is it and how to address it... Kim and Spencer talk about this important topic and the estate planning mistakes to avoid, how to get better prepared for it, and manage an individual's asset base. How can you prepare now for the future? Listen to this episode so you'll know what to do, and just as importantly, what not to do. Best-selling author Kim Butler and Spencer Shaw show you how to take control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast http://nnepa.com Book Kim mentioned: https://www.amazon.com/Click-Here-When-Die-Making-ebook/dp/B071ZQ2WWC Show Notes Estate Planning: too big, too much, too challenging - 0:31 On Estate Planning you are going to do the work - 0:52 The difference between doing the work now and doing the work later - 1:23 Kim's story about her mom and grandmother - 1:55 Doing the work "now" - 2:20 Should I have a Revocable Living Trust? - 4:10 Paying an attorney to settle estate planning - 5:27 Procrastination equals more money and paperwork - 6:02 Repercussions - 8:00 Kim's recommendation: consider a revocable living trust - 10:10 Rick Randall's website: National Estate Planning Attorneys - 10:55 What Kim likes of Rick's work - 11:49 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

Creating wealth for legacies, is the topic of today's episode, so join us as we listen to Kim and Spencer dive into a useful tool that they consider valuable for the pursuit of your goals: The Perpetual Wealth Book, so don't miss this opportunity to get one step closer to your desired objectives. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast https://partners4prosperity.com/perpetual-wealth-book/ Show Notes The Book as a tool - 0:31 Build, maintain and transfer wealth - 0:56 Family Banking - 1:50 The Perpetual Wealth Book - 2:41 The value of the death benefit - 2:55 A snapshot of the book - 3:12 The concept of maintaining - 4:09 Inflation is the number one enemy - 5:11 Transferring wealth - 6:50 Transferring values - 7:55 Winning the long game of wealth - 8:34 Savings as an important habit - 9:14 How to get the Perpetual Wealth book - 9:46 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

What's the biggest missing piece in personal finance? Well, if you want to know, you should tune in to today's podcast because Kim and Spencer dive into the subject of opportunity cost and why understanding it may be the difference between success and failure. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast https://truthconcepts.com/ Show Notes Opportunity Cost - 0:30 Todd Langford's calculator - 1:49 Kim's story of the opportunity cost - 2:34 Understanding the opportunity cost term with an example - 3:36 When Spencer learned about opportunity cost - 4:42 Opportunity cost around mortgages - 6:34 The Truth Concepts website - 9:07 Todd's youtube channel - 9:36 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

A potentially life-changing approach to debt payment, Dave Ramsey's "snowball method" will be the topic of discussion today, as Kim goes into detail as to how paying off bills in order of smallest to largest, regardless of the interest rate, may prove beneficial for you. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast https://www.daveramsey.com/blog/get-out-of-debt-with-the-debt-snowball-plan https://www.udacity.com/ Show Notes The Dave Ramsey Snowball method- 0:53 Paying your debts - 1:00 What happens if you do not use your credit card? - 1:46 Building up savings - 2:49 Solving future problems - 3:03 Having money in a savings account - 3:32 Your bills in auto pay - 4:14 The "Perpetual Wealth" book - 6:06 How to build wealth - 6:41 Benchmarks of the Emergency Fund - 7:47 Savings is the foundation - 9:28 Building your opportunity fund - 10:24 Principles that are applicable for so many things - 11:29 Finding ways to earn extra money - 12:23 Make personal finance your focus - 13:30 Talking about Udacity.com - 14:28 The Prosperity Snowball - 15:30 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

The Endowment Effect, is perhaps something that you've never heard about, but stay tuned and you'll learn the importance of having a grasp over the concept, as Kim and Spencer discuss this surprisingly interesting topic through their emblematic intellectual wisdom. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast Show Notes Financial terms - 0:32 Understanding the theory - 1:06 The endowment effect - 2:02 A negative aspect of the endowment effect - 3:20 Understanding the concept through an example - 5:11 Misunderstanding the Whole Life Insurance - 7:18 A place to store cash - 8:40 The importance of the word "save" - 9:35 The act of savings save families - 10:04 The cash opportunity - 11:41 Get in touch with Kim - 12:33 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

What is your unique ability? How can you use in your personal finances? Learn the answers to these questions and more on today's Prosperity Podcast as Kim and Spencer discuss the implications of this term. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast http://www.kolbe.com/ https://www.amazon.com/Busting-Real-Estate-Investing-Lies/dp/1544504233 Show Notes The term unique ability - 0:29 Unique areas of expertise - 1:15 Your unique ability has been with you forever - 2:13 The Kolbe profile - 3:21 Having self-knowledge - 3:58 Maximizing your unique abilities - 4:48 Kim shares an example of her unique ability and Todd's unique ability - 6:00 Follow what you love - 9:10 The first investment is ourselves - 10:14 The importance of knowing your unique ability - 11:20 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

Learn how to overcome the hardest moments in life with Kim and Spencer as they discuss the subject of preparing for a disaster or hardship while also giving us specific tips and recommendations that we may find useful. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast https://www.funeralocity.com/ Show Notes Preparing for a disaster - 0:30 What happens during a storm? - 1:33 Tips to prepare for a disaster - 1:55 Water, light, and food - 3:46 What to do when a disaster is happening? - 5:03 Having cash on hand - 5:57 The importance of having a family plan - 6:31 Finding solutions and help - 8:10 Being prepared - 11:20 Deciding what you want to do - 12:26 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

Knowing when to take the next step can be critical when getting another policy. Kim and Spencer discuss when it makes sense to get another policy. Listen to Kim's financial wisdom and experience, and enjoy the podcast! Best-selling author Kim Butler and Spencer Shaw teach you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast Show Notes The best place to store cash - 0:32 What to do after 2-3 years after buying your first policy - 1:05 Psychological triggers - 2:19 Immediate results - 3:37 The savings habit - 4:38 Thinking about a second policy - 6:20 Term insurance vs whole life insurance - 7:31 Starting a policy on a child - 8:04 What is convertible term insurance? - 9:17 A convertible policy to whole life policy - 10:20 Understanding your cash flow to get another policy - 11:11 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

The Principle of Control is one of the Seven Principles of Prosperity Economics and on today's podcast, Kim and Spencer expose how millennials apply this principle in their financial decisions and help us shift the way we think about this concept, so sit back, relax and enjoy. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast Show Notes Control as a principle of prosperity - 0:44 Understanding the other principles - 1:16 Kim talks about "typical financial planning" - 2:47 Using the word "traditional" - 2:58 Traditional financial planning - 3:29 Helping millennials have more control - 4:10 The most important principle - 4:59 Things that we can control - 6:16 Using the seven principles of prosperity - 7:00 Control and self-directed IRA - 8:36 Implementing control and changing your strategy - 11:42 Seeking the right education - 13:25 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

Today Kim and Spencer talk about the home equity line and how this is going to affect your finances. They also discuss whether it is something that you should be doing or not, stay tuned and learn from them! Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast Show Notes Using Home Equity Credit Line - 0:34 Using the home equity credit line to pay your mortgage - 1:22 The Truth Concepts Software and Todd Langford - 2:19 Focusing on reducing your debt - 3:54 Refining your mortgage - 4:22 Talking about extra payments as a problem - 5:18 Running your life through the home equity credit line - 6:33 How to use Life Insurance as a better vehicle - 8:52 Not thinking with a prosperous mindset - 9:50 Building equity in your home is not a good strategy - 10:11 Building equity with a whole life insurance policy - 10:45 A smart plan: having a Life Insurance Policy - 12:30 Always using the Seven Principles of Prosperity - 13:47 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

A new kind of graduation: the prosperous mindset graduation, is the ravaging topic that Kim and Spencer tackle on this brand new episode, so don't miss out on this opportunity to hear their exclusive insight on how it may change your life for the better. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast Show Notes Graduations - 0:55 Am I done or just getting started? - 1:06 "Getting started" as a prosperous mindset - 1:15 Paying money to continue learning - 2:02 Education does not stop after graduation - 2:20 Your best learning method - 3:10 What does a prosperous person do? - 4:51 Having humility - 5:07 The retention piece of the learning process - 5:35 Learning and retaining knowledge - 7:17 The whole point of learning - 8:11 The meaning of "WHO" - 9:06 Teaching and retaining knowledge - 10:45 Teaching what we are learning - 11:23 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

Kim Butler and Jimmy Vreeland talk about their latest book: Busting The Real Estate Investing Lies. Join us to listen to the authors comment on their favorite stories and topics from the book and why this is a must-read piece for you. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast https://bustingtherealestateinvestinglies.com/ Show Notes Discussing the book: Busting the Real Estate Investing Lies - 0:56 Jimmy's failures - 2:43 Trying every investment strategy - 3:29 Life Insurance and Real Estate together - 3:58 Real Estate is the oldest way to build wealth - 4:17 The oldest form of storing wealth: Life Insurance - 4:25 Life Insurance has the liquidity, Real Estate has the cash flow - 4:30 Kim and Jimmy's audiobook - 6:38 Understanding a little bit more about passive and active income - 8:41 What does a wealthy person do? - 9:06 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

Do you know what is cash flow out and cash flow in? Knowing the difference may help your financial situation significantly, so don't miss out on this opportunity as we listen to Kim and Spencer address the subject with their unique insight and characteristic wit. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast https://www.amazon.com/Busting-Interest-Rate-Lies-Discover/dp/0991305418 https://www.amazon.com/Live-Your-Life-Insurance-Butler/dp/1441486895 Show Notes What is cash flow out? - 0:31 Starting to save - 0:42 Saving 10 to 20 % of your income - 1:15 Cash flow out is the act of saving - 2:46 Our favorite way to save: automating savings - 3:25 Buying a whole life insurance policy - 4:03 Cash value's job - 5:22 Whole Life Insurance has warranties - 6:06 The Emergency fund and Life Insurance - 6:51 The Opportunity fund - 8:34 Pay yourself first - 9:46 Cash flow out savings first - 10:33 Kim helps you - 11:34 Live your life insurance book: A Kim's recommendation - 12:03 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

Kim Butler's newest book titled "Busting the Real Estate Investing Lies" is now out and Kim and Spencer talk about what you will learn. Get your copy of the book on Amazon https://www.amazon.com/Kim-D.-H.-Butler/e/B00523N6HE Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast https://www.amazon.com/Kim-D.-H.-Butler/e/B00523N6HE Show Notes The roles of real estate and life insurance as similar assets - 0:39 Whole life insurance is liquid - 0:48 The difference between Real Estate and Life Insurance - 1:23 The thing that all investors must have - 1:58 Real Estate investors and speculation - 3:10 The successful Real Estate investor - 4:33 A property flipper - 5:35 The cash flow investor is always employed - 5:55 A reasonable amount of cash flow - 6:46 A cash flow deal - 7:08 Applying reason to back up your pursuits - 8:58 Selling your property without paying a lot of taxes - 9:49 Strategies that are taught inside the book - 11:23 The true experiences that are taught inside the book - 12:59 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

An in-depth look into the concept of cash flow is the topic of today's episode as Kim and Spencer explain this somewhat elusive concept with easy to understand metaphors such as running a 5k, a 1/2 marathon and a marathon, and their cash flow equivalents of 5k bridge loans and 1/2 marathon bridge loans. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast Show Notes A couple close to retirement - 0:43 What is net worth? - 1:15 What cash flow does for you - 1:54 Understanding cash flow through a metaphor - 2:23 Creating monthly cash flow - 3:18 Creating cash flow requires practice - 3:45 Discussing bridge-loans - 4:23 Accredited investors that create cash flow - 8:31 Addressing turnkeys - 9:09 Learning about Real Estate - 9:59 Turnkey Real Estate - 10:42 Getting involved in the Oil and Gas field - 12:00 Looking for the "marathon" cash flow - 13:35 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

Today's podcast is on how multiple life insurance policies can be a savvy financial strategy! Join us to listen to Kim and Spencer as they dive into all the policies that could be of use to you as well as how, when and why you should have multiple policies at once. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast https://truthconcepts.com/how-do-i-tell-if-my-real-estate-deal-is-a-good-one/ https://truthconcepts.com/ Show Notes Discussing term insurance - 0:30 Kim talks about whole life policies - 0:49 Needing more policies - 1:30 A paradigm shift - 2:12 Starting whole life insurance - 2:32 Addressing the subject of the death benefit - 3:13 Having a monthly premium - 4:39 Building a solid foundation - 5:54 Your premium payments - 6:55 When it is time to buy another policy? - 7:13 The emergency fund - 8:49 Borrowing against the cash value - 9:27 Earning more than the borrowing costs - 10:30 The Real Estate calculator - 11:47 Your cash value and life insurance as a liquid asset - 13:13 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

Could you imagine how a $500,000 income could be considered scraping by? Kim and Spencer dive into the actual definition of scraping by and give us some examples of their own experiences as financial advisors. Stay tuned to listen to our hosts discuss the terms "lean years" and "green years" as they analyze their applications with an example of a couple that has a $500,000 year-income. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast https://www.cnbc.com/2018/03/06/budget-breakdown-of-a-couple-that-makes-500000-a-year-but-cant-save.html Show Notes Defining income and expense - 0:48 Lean years and Green years - 1:00 The profitability of a business - 1:14 What is a green year? - 1:40 Teaching your kids about lean and green years - 2:52 Example of a lean year - 3:13 Earning $500,000 a year - 3:50 Discussing the CNBC article - 4:16 Discussing the subject of "money" with the family - 9:22 Communication in the family - 10:05 Increasing your cash flow - 10:30 Discussing the importance of "savings" - 10:55 A high-income earning couple - 12:34 Saving first - 12:46 The cost of personal care - 14:24 Thinking differently to get different results - 17:58 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

Today we learn why every business earns a commission and why you need to look at fees and commissions in a completely new way. Stay tuned to this new Prosperity Podcast episode to get Kim's and Spencer's intellectual wisdom on this matter. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast https://www.amazon.com/Sell-Human-Surprising-Moving-Others/dp/1594631905 Show Notes One of Kim's favorite subject - 0:29 Earning a commission - 0:54 Compensation is problematic - 1:40 Kim's book recommendation: "To Sell Is Human" - 2:38 Currently disrupted industries - 3:15 Fees and commissions - 4:15 The fiduciary platform - 4:54 The medical industry and their fees - 6:20 A store named "Dirt Cheap" - 7:53 The importance of values - 9:43 A story about longevity - 10:44 Pick your products the same way that you pick your relationships - 11:15 Wealthy people plan for the next generations - 12:36 Decide what type of relationships you want for your business - 14:00 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

Kim and Spencer dive into an extensive topic: College tuition. Is it really a game that we should be playing? if so, let's understand what the rules are so we can participate in it more effectively. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast https://www.udacity.com/ https://www.amazon.es/Education-Millionaires-Michael-Ellsberg/dp/1591845610 Show Notes The value of a four-year degree - 0:35 Focusing on college - 0:47 Getting a service degree - 1:07 An emphasis on online education - 2:11 College tuition is a cost - 2:36 Being able to study in a college - 3:21 Spending time and money on education -4:24 What is Opportunity Cost? - 5:49 Measuring the opportunity cost of college - 6:09 The whole college experience has become unnecessarily expensive - 6:48 Spencer's college experience - 7:39 Focusing on online learning opportunities - 9:08 Kim's recommendation: "audacity for nanodegrees" - 9:50 Kim's book recommendation: "Education For millionaires" - 10:27 Finding a way to start a business - 11:08 Learning as a part of growing - 11:45 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

Kim and Spencer approach this episode a little bit differently, that's because today they answer some listener's questions regarding the movement, Kim's principles system, and her amazing background story. Don't miss out on this opportunity to find out more about our amazing host. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast https://www.amazon.es/Yes-Improvisation-Reverses-Creativity-Collaboration-Lessons/dp/0062248545 Show Notes The Prosperity Economics Movement is related to clients - 1:07 There is a better way to deal with your finances - 1:45 The movement is a way for people to learn - 2:26 Kim's background - 3:06 Working for a bank - 4:51 The value of teaching children how to deal with money - 5:09 Kim's guiding principles in life - 6:04 Being tired of banks' restrictions - 6:30 When Kim knew that she wanted to work with clients - 8:04 Being certified as a financial planner - 8:46 The definition of typical in the financial world - 12:16 What "typical" implies for Kim - 12:43 An important value: efficiency - 14:29 Living in the house of both - 15:28 Discussing the book "Yes, And" - 16:15 Discussing Kim's book: "Financial Planning Has Failed" - 17:45 The importance of having principles in life - 18:49 The Seven Principles Of Prosperity - 19:36 Developing the Seven Principles of Prosperity - 21:52 The need for a name - 23:23 The Prosperity Economics concept and definition - 24:54 Creating an event about financial education for advisors and clients - 27:06 The Truth Training - 30:02 One of the goals of the Prosperity Economics Movement - 31:05 What the future holds for the movement - 31:20 Helping more people in more ways - 33:00 What do the Principles for Prosperity do for the listeners? - 35:50 Discussing the Prosperity Economics' Principles - 36:16 Readjusting the Principles and adding a few - 37:20 Remaining open to change for the better - 37:50 The Truth Concepts Software - 39:20 Trying to help you and your family - 41:35 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

There are many common questions regarding Self-Directed IRA: what are they, how do they operate, and how they could affect you and your finances. Stay tuned to get the answers you seek. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast Show Notes What is a Self Directed IRA? - 1:03 The risks of using Self Directed IRA - 1:46 Choosing your investments - 2:43 The trustee of the IRA - 4:00 Tax benefits of the IRA - 4:33 Beneficial Real Estate Law - 7:09 IRA in Real Estate? - 8:00 How to get a Self Directed IRA - 9:23 Self Directed custodians - 10:54 Fees for Self Directed IRA - 11:44 Restrictions on fee payment - 12:45 Taking The money out - 14:02 IRA as the worst asset to die with - 14:40 What we need to understand about IRA - 16:00 Kim's recommendation - 18:08 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

In the life insurance industry, one of the great commandments is "thou shalt not cancel your policy!" Kim and Spencer also discuss why you should use the flexibility of the policy to sustain it and to help it sustain you. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode Article about how to save a life insurance policy https://partners4prosperity.com/save-a-life-insurance-policy-when-you-cant-afford-the-premiums/ For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast Show Notes Understanding more about the whole life policy - 0:59 An asset that you'll never get back - 1:57 The best place to store liquidity - 2:11 Life insurance death benefit - 3:00 Reasons not to cancel your whole life policy - 3:53 Regret after canceling whole life insurance - 4:49 Discussing a whole life insurance case study - 5:33 Borrowing against cash value - 6:41 Helping people understand the importance of whole life insurance policies - 8:10 "I wish I'd bought a policy earlier" - 9:05 Do not cancel your whole life insurance policy - 9:29 Automation and your bank account - 10:44 Financial education for your family - 11:28 What to do if you've canceled a whole life insurance policy? - 12:05 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

This episode is all about mineral rights, how they cash flow and what to expect when using this investment. Kim and Spencer cover being an accredited investor, tax implications and cash flow. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast Show Notes Wealth derived from mineral rights - 0:52 Mineral rights and bridge loans - 1:14 Creating income from assets - 1:48 What is a bridge loan? - 2:00 What are mineral rights? - 2:38 Oil and Gas productivity - 3:29 Definition of an accredited investor - 3:55 Oil and Gas companies - 5:51 Creating cash flow on a monthly basis - 6:16 Moral issues with the oil and gas industry - 7:33 The price of Oil - 8:18 Tax implications with oil and gas industry - 9:17 Paying taxes is not a bad thing - 10:02 The bridge loan space as an income provider - 11:11 An asset to create additional cash flow - 11:54 Money needs to flow - 12:25 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

Today, Kim and Spencer talk about the latest version of the "Live Your Life Insurance" book, now in Spanish! They dig into what their expectations are on how it will impact the Latin community, and also some of the differences between how Latins see saving compared to the average American. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast Vive Tu Seguro de Vida: Estrategias Sorprendentes para Construir la Prosperidad de Toda la Vida con Su Póliza de Vida Total (Spanish Edition) Show Notes The translator had a strong connection with the book so it was done with love - 1:50 It will allow the message to reach more people - 2:20 Trying to find the right person to do the audiobook version - 2:50 How people around the world use whole life insurance - 4:50 How people's view of the economic system shifted in the 1950s How this book will impact the Latin community into using whole life insurance - 6:00 The way Latin Americans save money against how Americans do it - 8:00 An invitation for Spanish speakers to get the book - 10:30 Once again, Kim talks about the first principle of prosperity: THINK! - 10:50 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

It's absolutely crazy that people are celebrating a tax refund. After this episode, you're going to realize why we don't want to put on the celebration hat for getting a tax refund and how you can minimize your tax burdens. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast Show Notes Tax refunds and tax returns - 0:45 Not getting a refund - 1:54 Working out your relationship with your money - 2:42 Having control over your cash flow and assets - 2:58 Getting refunds - 3:30 Plan the amount of taxes that you will need to pay - 3:55 The Life Insurance Policy is liquid - 4:22 Handling the extra money - 4:56 A different way to pay taxes - 5:17 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

We discuss why borrowing against your whole life insurance too often, too soon and too much might not be a good idea. Best-selling author Kim Butler and Spencer Shaw show you how to take more control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast Show Notes Borrowing to invest - 0:55 How to use your emergency fund - 1:22 Being conscious of what we are borrowing for - 1:58 Eliminating your emergency fund - 2:33 Being patient to get better results - 4:50 Getting assets to continue growing - 7:30 Finding cash flow deals - 7:50 The emergency number is zero - 8:34 An emergency and opportunity fund - 9:40 What the emergency fund is for - 10:03 Adding opportunities to our way of thinking - 10:44 Prosperity thinking and prosperous mindset - 11:06 Get in touch with Kim and Spencer - 12:48 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking hereSubscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

Technology is evolving at an exponential rate, nowadays the subject of adapting to this changing landscape proves to be more relevant than ever, that why on today's episode, Kim and Spencer talk about how we can automate things in our lives to make it more fulfilling, easier, and prosperous. Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast https://www.expensifythis.com/ https://www.amazon.com/Live-Your-Life-Insurance-Butler/dp/1441486895 Show Notes Innovative thinkers in the world - 0:38 Technologically oriented - 1:26 Reverse mentorship - 1:44 Using Expensify - 2:09 An idea-capturing machine- 4:23 Automatic reminders on your phone - 5:36 The coolest things about podcasts - 5:50 The whole life insurance - 6:55 Automate saving money as a habit - 7:53 If you want good results - 9:23 Dividends first in Life Insurance - 10:39 Mutual Life Insurance Companies - 11:13 Get in touch with Kim Butler - 13:26 Kim's book: Live Your Life Insurance - 14:36 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

The challenges of old age will be the topic of this new episode of the Prosperity Podcast as Kim and Spencer talk about what happens when you or your family members start to get older and attempt to answer the question: is it possible to reverse the aging process? Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast https://www.seniorliving.org/basics/corporateseniorcare/seniors-helping-seniors/ https://www.padsplit.com/ https://www.udacity.com/ Show Notes Ideas of a futurist - 0:49 Senior living and elderly care - 1:17 Surpassing previous life expectancy - 1:30 Headsets that help the elderly come alive - 1:53 Tools that can help the elderly - 3:28 Transforming elderly life - 4:05 Seniors Helping Seniors - 5:05 The Padsplit App - 5:40 Decreasing the cost of living for seniors - 6:47 Families need savings - 7:05 Keep working - 7:14 Using Udacity for seniors - 7:54 Find the work that you love doing - 8:34 Human beings were made to work - 9:00 Getting paid for what you love - 10:00 A long term guaranteed product - 11:30 Control, Liquidity, Use, and Equity - 12:38 What's the opposite of whole life insurance? - 14:10 Let's live a life that's alive - 14:50 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

On this new episode Kim and Spencer address a community question, is it worth to take a pay cut in order to be happier? while also analyzing all the implications surrounding this decision. Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast https://www.amazon.es/Busting-Interest-Rate-Lies-Discover/dp/0991305418 Show Notes A bad question - 0:39 Understanding the concept of pay cut - 0:42 What a pay cut feels like - 1:13 Stop watching TV - 1:26 Changing your job - 3:09 Increasing your income - 3:50 Providing more value in the market place - 3:57 The importance of mindset - 6:34 Useful books to work on your mindset - 6:41 The way that we learn - 8:49 Learning through virtual reality - 9:54 What makes podcasts amazing - 11:38 Teaching financial advisors about personal finances - 13:00 Time, rate, present value, future value and payment - 13:32 Encouraging people to learn more about personal finances -15:38 The challenge of personal finances- 17:00 Kim recommends the ebook: Busting the interest rate lies - 17:20 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

How to get to the next level? finding the right mentor to guide you could be the key, that's why on today's episode we listen to Kim share some wonderful wisdom about choosing the right people to provide you with the tutelage you need to achieve your goals and how doing so can be the difference between success and failure. Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast Show Notes The importance of getting help - 0:37 Coaching for almost 25 years - 0:53 Helping people with their finances - 1:24 A coach and mentor - 1:58 The mindset impacts everything - 2:27 When to ask for help? - 3:00 First coaching experience - 5:30 Can't afford a coach? - 8:55 Finding a mentor - 11:32 The importance of learning - 12:57 Get in touch with Kim - 14:37 Learning about finances - 15:16 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

How to help our children save? on this episode Kim and Spencer go deeper into the topic of savings in an attempt to illustrate the importance of promoting this practice in our youth, if you've ever had any doubts about how to properly save or why you should even save at all, then this episode has your name written all over it. Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast Show Notes A prevalent conversation - 1:09 A mutual friend: Caleb Williams - 1:52 Helping the youth save - 2:26 Benefits of late gratification - 4:04 Late gratification on savings - 5:22 A young Kim and the idea of saving - 7:30 The first person to pay - 9:21 Saving 20% of your income - 9:51 What is not saving? - 11:11 Developing the habit while young - 12:24 Saving saves families - 13:19 Get in touch with Kim Butler - 14:42 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

What happens when you become uninsurable? On this episode, Kim and Spencer discuss the importance of savings, the opportunities that doing so creates and the possible consequences of avoiding it, all from the perspective of a real-life example in the form of Jeff's story. Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast Show Notes Jeff's story - 1:00 Serious medical diagnosis - 1:49 Understanding cheap term insurance - 3:11 One of the best ways to save - 4:24 Saving creates opportunity - 4:52 Don't worry about the past - 6:13 Avoid budgeting - 7:31 Remember to save first! - 9:14 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

On this episode we listen to Kim and Spencer talk about an interesting piece of literature they've read titled "I just got fired, the importance of savings" and the lessons they wish to underline related to the importance of savings. Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast Show Notes 11,300 views in 24 days - 2:35 Savings on an emotional level - 3:22 Cash flow issues - 5:28 The importance of having savings - 5:57 Life Insurance Policy for emergencies - 7:00 What happens if you have a Life Insurance Policy? - 8:02 Financial Savings Account V.S. Life Insurance Savings Account - 10:29 Get in touch with Kim - 11:12 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

We are here to help you, that's why on this episode Kim and Spencer take two listener's questions related to cash value life insurance and the criteria for using it for investing, and attempt to answer them in an original and captivating way. Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast https://www.amazon.com/Busting-Interest-Rate-Lies-Discover-ebook/dp/B01DX0JP6I Show Notes The first listener's question - 1:25 Cash flow investing - 1:32 Watching our time frames when investing - 2:24 Making cash flow investments - 3:28 Borrowing and Investing - 4:37 The opportunity costs of investment fees - 6:15 The second listener's question - 7:28 Obtaining passive income - 8:23 Understanding passive income - 9:40 Growth vs. income - 12:10 Creating income from assets - 12:19 Kim´s book suggestion : busting the interest rate lies - 15:18 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

What's the relationship between growth and income like? on this episode, Kim and Spencer share their views on growth and income investments, discussing the differences between the two as well as gambling categories. Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast Show Notes Over twenty types of investments - 0:42 The two primary types - 0:52 Growth or income creation - 1:51 A definition of growth - 2:10 The importance of creating income - 4:50 The income-producing investments - 6:51 Income investment examples - 8:14 Go slow and start small - 11:11 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

Welcome to the New Year! The Prosperity Economics Movement wishes you all a Happy New Year. Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast Show Notes Buying fireworks - 0:36 A professional firework show - 0:58 Adding good habits into our lives - 2:48 New year resolutions - 5:22 Focusing on habits - 9:01 Envision a goal - 9:24 How principles and values will guide your actions in the coming year - 10:23 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

What is charity? How much do we give to charity? How are charitable foundations created? If these questions have ever crossed your mind and you want to learn more about the subject, then this episode is what you've been waiting for. Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast Show Notes What you are not going to do - 1:16 Giving first - 2:51 Putting charity first - 3:59 Dates for being grateful - 5:20 Charitable foundations - 6:03 Charities and family - 8:04 The Five Love Languages Book - 9:14 Charitable financial education - 10:31 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

The intricacy of inflation is an incredibly relevant topic, its effects can be perceived differently throughout several aspects of day to day life and understanding how it works is often challenging. This episode is entirely dedicated to the discussion of the ins and outs of inflation and how the process of monetary devaluation works. Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast Show Notes The impact of inflation - 1:21 How to combat inflation - 1:40 The role of the media - 2:30 Keep working - 2:51 Improving your skill set - 4:56 Inflation-proof - 5:46 Control: a principle of prosperity - 8:54 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

How to improve the state of our careers and in the process improve our way of life will be the topic of discussion throughout this episode, as we listen to Kim and Spencer talk about negotiation hacks and the things we could be doing right now to better ourselves. Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast Financial Planning Has Failed: https://partners4prosperity.com/ebook/ Show Notes What is a negotiation hack? - 0:40 Silence in a negotiation - 1:32 Thinking before speaking - 2:14 Examples of negotiations - 2:42 Is the money secondary? - 4:21 Our values are not negotiable - 4:55 Focusing on what's essential - 8:40 Opportunity cost -12:10 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

Have you ever wondered how wealthy people use their credit cards, handle expenses and save? Kim and Spencer talk about the financial life of wealthy people and how you can adopt some of their good habits. Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast Show Notes Why you should have a separate credit card for personal and business - 1:16 Everybody should consider having a second credit card -1:52 Kim tells us that she has a third credit card for convenience - 2:45 Why wealthy people like to put as much as they can on credit cards - 4:31 Spencer tells us why he thinks that people use credit cards - 4:53 The value of money and the value of time - 5:48 "The Prosperity View" - 6:35 What is opportunity cost? - 7:20 Every single family has an opportunity cost - 8:09 Understanding interest cost and opportunity cost - 10:26 Kim and Spencer gives us some Prosperity Points - 13:01 Wealthy people pay their credit cards every single month - 13:03 The importance of having a prosperity mindset - 13:28 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

Risk is not the investment! Kim busts the myth of "no risk, no return" and many others in this jam-packed episode. Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at [email protected] and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast Show Notes Kim talks about whether an investment is risky or not - 0:59 Why people take on risks - 1:51 Understanding risk tolerance questionnaires - 1:56 Kim tells us that the risk is on the investor side - 3:26 What is the investor mindset? - 4:10 Why it's a personal choice to do an investment - 6:26 Kim explains the difference between "traditional and typical" - 7:19 Similarities in traditional thinkers - 11:40 Why you need to invest in yourself - 13:49 Kim recommends the Seven Principles Of Prosperity as an opportunity filter for any investment - 15:19 Special Listener Gift Free eBook: Financial Planning Has Failed Kim Butler's groundbreaking eBook/ audiobook explains why typical financial advice may be sabotaging your wealth... and what to do instead! Review and Subscribe If you like what you hear please leave a review by clicking here Subscribe on your favorite podcast player to get the latest episodes. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS