Wealth Renegade

Analyzing the wisdom, learning, and strategies needed to invest according to your fundamental purpose as an investor. Opportunities are everywhere - so why shouldn't you buy that office building or throw your weight behind that startup? Or... should you? Your opportunity filter will tell you… Highlights Why the podcast's name is Wealth Renegade - 1:06 Everything they recommend is different - 4:02 Finding investments that work for you - 4:20 We have to be responsible with our choices - 4:55 What you want to be successful at - 6:14 Thinking about your thinking - 7:31 Wanting to be life-long learners - 12:40 The word investment is interesting - 14:11 Using your time wisely to learn - 18:40 Episode Resources Connect with Kim Butler and Robby Butler www.wealthrenegadepodcast.com www.prosperityeconomics.org [email protected] Pew Research Center: https://www.pewresearch.org/ Wealth Management Real Estate: https://www.wealthmanagement.com/real-estate Google Alerts: https://www.google.com/alerts [email protected]

Kim and Robby discuss how to have a disagreement regarding financial advice that is prosperous and valuable. (Hint: it's a little longer of a road to change someone else's mind than we think it is!). Highlights Many opinions about financial advising - 0:57 Changing minds - 2:01 A get out of debt mantra - 2:47 Having efficient savings habits - 4:30 What entertainers are focused on - 5:54 How you change somebody's mind - 6:56 There are complexities that need to be respected - 9:55 Asking open-ended questions - 14:07 The importance of seeking to understand others - 14:56 Episode Resources Connect with Kim Butler and Robby Butler www.wealthrenegadepodcast.com www.prosperityeconomics.org [email protected]

The hosts of the Wealth Renegade Podcast talk about "Other People's Money" and how to get it into your transactions, business ideas, and investment philosophy. Highlights What's OPM - 0:43 The time value of money - 3:02 Using other people's money - 3:49 Opportunity cost - 6:15 The cost of cash - 8:39 The idea of other people's money - 15:17 Episode Resources Connect with Kim Butler and Robby Butler www.wealthrenegadepodcast.com www.prosperityeconomics.org [email protected] Guy Raz "How I Built This" https://www.guyraz.com/howibuiltthisbook Book for reference Busting the Interest Rate Lies https://smile.amazon.com/Busting-Interest-Rate-Lies-Discover-ebook/dp/B01DX0JP6I/ref=sr_1_1?crid=1RW7F3ZCHEW7U&dchild=1&keywords=busting+the+interest+rate+lies&qid=1615000396&sprefix=busting+the+interest+rate+lies%2Caps%2C168&sr=8-1

Robby and Kim discuss fortitude, grit, hardiness, conviction, and its relationship to your financial wellbeing and prosperity. Highlights Believing in yourself - 1:38 Grit applied to business and finances - 1:51 Our financial lives need tenacity - 2:38 Loving the term - 3:47 Spend time planning long-term goals - 6:52 Reduce your lifestyle expenses - 9:36 What Kim loves about entrepreneurial business - 11:17 Applying grit to the things that you like to do - 12:51 Episode Resources Connect with Kim Butler and Robby Butler www.wealthrenegadepodcast.com www.prosperityeconomics.org [email protected] True Grit movie https://www.imdb.com/title/tt1403865/ Carol Dweck book: https://www.amazon.com/Mindset-Psychology-Carol-S-Dweck/dp/0345472322 [email protected]

Kim and Robby dive into wills and trusts and how to protect your assets! Do you want to know what will happen to somebody that dies without a will? Check it out in this episode. Highlights Dying without a will - 0:59 What could happen to you - 3:39 The living will - 6:31 Accumulating assets - 9:47 What's a living trust - 10:54 A revocable living trust - 12:05 Episode Resources Connect with Kim Butler and Robby Butler www.wealthrenegadepodcast.com www.prosperityeconomics.org [email protected]

Kim and Robby dive into personal finance in the entertainment industry. They discuss gaming, using a financial strategy well, and why money is a magnifier. Highlights Money affects everything that is important - 0:56 Using a financial strategy well - 2:23 Gaming is a great way to learn - 4:28 People's financial decisions - 8:11 Money is a magnifier - 11:46 The games that wealthy people play - 12:23 There's nothing wrong with entertainment - 13:37 Being interested in learning - 15:00 Episode Resources Connect with Kim Butler and Robby Butler www.wealthrenegadepodcast.com www.prosperityeconomics.org [email protected]

Having a financial discussion that happens everyday… cash value and life insurance. Robby and Kim share their insights about whole life insurance policies. Highlights Learning about life insurance - 2:02 Lack of information and understanding about what this product can do for your life - 2:54 Kim's story from when she was in a bank - 4:58 A financial strategy - 6:08 Having a true strategy - 6:56 Three types of life insurance - 8:10 The acronym CLUE - 9:55 Control and Life insurance - 10:17 Whole Life Insurance - 13:54 Universal Life is different than Whole Life Insurance - 17:38 Episode Resources Connect with Kim Butler and Robby Butler www.wealthrenegadepodcast.com www.prosperityeconomics.org [email protected]

Regular calculators vs. financial calculators. What kind of calculator do you have? What is the most common calculator that most people use? Highlights The word "calculator" - 1:06 Personal finance math is not the same that we learned in school - 1:33 Using financial calculators - 4:49 The rate calculator - 6:32 What's the present value? - 8:31 Present value as a weird concept - 10:06 Present value and future value - 11:34 Episode Resources Connect with Kim Butler and Robby Butler www.wealthrenegadepodcast.com www.prosperityeconomics.org [email protected]

Defining a goal… where your life is going and what financial advice do you select to achieve that goal? Kim and Robby talk about financial goals and how to achieve them. Highlights Realistic goals - 1:09 Specific, measure, actionable… that's a goal - 1:30 How to set up goals - 3:02 Stages of the Prosperity Ladder - 4:56 Having ownership, what you have control of - 5:40 Thinking about your thinking - 9:35 Doing deep and serious thinking - 10:40 An opportunity to start strategic coach - 12:35 Having no purpose in mind - 14:13 The orientation of your life - 15:44 Episode Resources https://www.dropbox.com/s/23m2f02em7r91ou/Prosperity%20Ladder.pdf?dl=0 Ray Dalio video link: https://www.youtube.com/watch?v=B9XGUpQZY38 Prof. Clayton Christensen article: https://hbr.org/2010/07/how-will-you-measure-your-life?utm_medium=email&utm_source=newsletter_weekly&utm_campaign=insider_not_activesubs_balance&referral=03551&deliveryName=DM65693 Ben Hardy article "You make or break your life between 5 and 7 am": https://www.linkedin.com/pulse/you-make-break-your-life-between-57-am-benjamin-hardy Connect with Kim Butler and Robby Butler www.wealthrenegadepodcast.com www.prosperityeconomics.org [email protected]

The myth of retirement… Do you think that you should retire at 65? Listen in as Kim and Robby talk about retirement and better options! Highlights Retirement is so "weird" - 1:26 Schools of thought - 2:29 Having more opportunities at your 60s - 3:31 The "societal thought" - 4:19 Life expectancy is growing - 4:56 Wanting to pursue work opportunities - 6:31 Some myths of retirement - 7:23 Find work that you love - 8:32 An act of service - 9:35 Enjoying your job - 14:25 What would happen if you want to suddenly retire - 15:48 Episode Resources Connect with Kim Butler and Robby Butler www.wealthrenegadepodcast.com www.prosperityeconomics.org [email protected] https://truthconcepts.com/retirement-87-is-new-65/

Buying your first home is a wild experience; you learn so much in a short amount of time. Financial transactions, responsibility, the negotiation process, different home systems, and the financial opportunities of being a first-time homebuyer will be some of the topics addressed in this episode! Highlights Robby's friends and their first time home buying process - 1:41 Homeshopping Zillow funny video - 2:44 Getting "pre-approved" - 3:34 What does "pre-approval" mean? - 5:24 The minimum time payment is the best - 7:03 Private mortgage insurance - 8:32 "Busting the Interest Rate Lies" book - 15:00 First time home buyers need to be aware of these financial things - 16:09 A friend that recently bought a home - 19:52 Episode Resources Homeshopping on Zillow funny video link: Pretend You Can Afford a Home with Zillow Busting the Interest Rate Lies book (audibles link): https://smile.amazon.com/Busting-Interest-Rate-Lies-Discover/dp/B01IRGYVRQ/ref=tmm_aud_swatch_0?_encoding=UTF8&qid=1609552946&sr=8-1 Connect with Kim Butler and Robby Butler www.wealthrenegadepodcast.com www.prosperityeconomics.org [email protected]

What do you do if your opinion differs on what your parents think? Robby and Kim talk about what you can do when you do not think the same as your parents. Highlights Being in "learning mode" - 1:21 Not knowing much about personal finance - 1:55 The learning curve - 2:34 Do not take it "personally" - 3:32 Not fighting over the idea - 4:12 The cost of many fights in family - 4:45 An ownership obsession - 5:10 Having conversations about money - 7:43 The Perpetual Wealth Book - 13:09 Explaining yourself in a humble way - 15:08 Episode Resources Connect with Kim Butler and Robby Butler www.wealthrenegadepodcast.com www.prosperityeconomics.org [email protected]

What are the different types of financial advisors? Kim and Robby talk about what they are and how they can help you. Highlights Deciding to do the right thing for your client - 2:08 A certified financial planner - 3:26 How wealth is made - 4:22 Accumulating the wealth or building the wealth - 4:58 Advisors that help people - 5:55 Seeking out financial advisors - 6:54 The time value of money is a fundamental concept - 7:36 Questions that you should ask a financial advisor - 9:36 A variety of series - 13:00 The life insurance license - 15:54 Become conscious of the space - 21:13 Episode Resources Connect with Kim Butler and Robby Butler www.wealthrenegadepodcast.com www.prosperityeconomics.org [email protected]

Kim and Robby Butler discuss the different types of debt. Kim explains the difference between good debt and bad debt and how it affects your finances. Highlights Credit card debt, home debt, and car debt - 0:50 Good debt and bad debt - 1:24 Secure debt and unsecured debt - 2:30 When good credit comes in - 4:56 What unsecured debt does for you - 6:46 Struggling with debt - 12:44 What it means to be "in debt" - 14:07 The time value money concept - 16:42 Finance everything you buy - 17:23 Episode Resources Connect with Kim Butler and Robby Butler www.wealthrenegadepodcast.com www.prosperityeconomics.org [email protected]

Financing furniture and cars… Kim and Robby talk about these two first purchases that you make in life. Highlights Not everybody has car loans - 1:09 The book: Economics in One Lesson - 2:20 Mistakes on car financing - 3:55 Paying cash for the car - 8:53 Driving by the furniture stores - 9:22 The mindset is SO important - 15:39 Episode Resources https://smile.amazon.com/Economics-One-Lesson-Shortest-Understand/dp/0517548232/ref=sr_1_2?crid=2Z1X4SNLDXYEA&dchild=1&keywords=henry+hazlitt&qid=1607700436&sprefix=henry+haz%2Caps%2C184&sr=8-2 https://smile.amazon.com/Didnt-They-Teach-This-School/dp/1481027565/ref=sr_1_1?dchild=1&keywords=cary+siegel&qid=1607702234&sr=8-1 Connect with Kim Butler and Robby Butler www.wealthrenegadepodcast.com www.prosperityeconomics.org [email protected]

What does credit mean for your financial life? Kim and Robby dive into credit, credit cards, and their first memories of credit. Highlights The concept of credit - 1:09 Debit cards and credit cards - 3:53 What you can do with a credit card - 4:11 Interest payments and rates - 5:53 Not having credit availability - 7:35 Companies that provide credit scores - 8:13 Your cell phone bill can impact your credit - 12:30 If you're late on your payments, that can affect your credit - 13:00 Getting a free credit report - 16:14 Things that cause credit scores to go down - 18:02 Searching for a home loan - 20:46 Making significant financial decisions - 23:16 Episode Resources www.nationalcreditcare.com Connect with Kim Butler and Robby Butler www.wealthrenegadepodcast.com www.prosperityeconomics.org [email protected]

Do you have a what-to-do list for your daily tasks? Well, probably you should have a "what not to do list" Kim and Robby explain why! Highlights Figuring out what not to do - 1:08 Investing in art - 1:43 Invest in what you know - 2:59 Helping people with alternative investments - 5:31 Willing to know as much as possible - 7:59 Do whatever it takes to learn - 9:35 Robby's not to do list - 11:09 Not paying too much attention to the news - 12:00 Not watching TV - 16:23 Episode Resources Connect with Kim Butler and Robby Butler www.wealthrenegadepodcast.com www.prosperityeconomics.org [email protected]

Kim and Robby dive into principles 9 to 12 which are principles of prosperity. They share their experiences with these principles and encourage you to use them in your day-to-day life. Having principles around your money will help you in your financial life. Highlights Actuarial Science - 1:33 Why Actuarial Science and life expectancy are important - 1:48 The multiplying principle - 3:50 What's multiplying the effects of your dollars - 5:12 The leverage principle - 5:56 The principle of uncertainty - 7:25 A life without uncertainty would be so boring - 8:01 Episode Resources Busting the Real Estate Investing Lies book link: https://smile.amazon.com/Busting-Real-Estate-Investing-Lies-ebook/dp/B07RJ1ZY44/ref=sr_1_3?crid=ZJF7SXGJZBVA&dchild=1&keywords=busting+the+real+estate+investing+lies&qid=1611073469&sprefix=busting+the+real+e%2Caps%2C170&sr=8-3 Connect with Kim Butler and Robby Butler www.wealthrenegadepodcast.com www.prosperityeconomics.org [email protected]

Kim and Robby continue their discussion of the principles of the Prosperity Economics Movement, and the importance of having principles, and today they explain principles 5 to 8. Highlights The fifth principle: control - 0:55 A good thing to pay attention to - 2:42 The sixth principle: liquidity - 3:08 Having an opportunity fund - 4:02 Why liquidity is so important - 5:50 The economic rates principle - 6:03 Averages and rates of return - 7:45 The certainty principle - 9:36 What's having certainty in your financial life? - 10:06 Episode Resources https://prosperityeconomics.org/money-myth-6-average-ror-reflects-actual-ror/ https://www.investopedia.com/ https://fee.org/ Mary Kimball Morgan quote: "I find that progress is essential mentally before there can be any externalization of real progress. If I excavate and lay the foundation for a bungalow, I cannot use that foundation for a skyscraper. I must think of a "skyscraper" and adjust my thoughts to its size and demands." - "Education at The Principia" by Mary Kimball Morgan, p. 92 Connect with Kim Butler and Robby Butler www.wealthrenegadepodcast.com www.prosperityeconomics.org [email protected]

There's more out there for you as an investor! Find your own success and prosperity by understanding the idea of having principles. Highlights The idea of having principles - 1:27 The principle of "think" - 2:01 Your personal finances should be thinkable - 2:28 Thinking with a prosperous mindset - 3:15 The process of buying his first home - 4:45 Understanding the term "opportunity cost" - 6:23 What cash flow is - 9:34 What's cash flow out - 10:20 Seeking investments that provide cash flow in - 10:56 The 4 principles - 13:00 Principles are practicable - 15:09 Episode Resources Connect with Kim Butler and Robby Butler www.wealthrenegadepodcast.com www.prosperityeconomics.org