The Prosperity Podcast

This episode of the Prosperity Podcast discusses the concept of retirement, challenges the connotation associated with it, and explores alternatives for a fulfilling post-work life phase which they struggle to find a suitable term for. The hosts explore the phenomenon of retirees spending their time idly, attributing it to financial frugality or unwillingness to invest in hobbies. Kim and Spencer further discuss the fear of outliving one's savings and suggest purchasing a Single Premium Immediate Annuity, which offers guaranteed lifetime income to relieve such concerns. Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity. 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 Thinkers thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com 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 https://prosperitythinkers.com/podcasts/ https://gravystack.com/prosperity   Show Notes The need for a new term to replace "retirement" The concept of "go-go years", "slow-go years", and "no-go years" Retirement attitudes and financial limitations Navigating the fear of outliving money during retirement Dan Sullivan's time management system for fulfilling life in retirement The practical idea of utilizing a hobby in the service of the community Special Listener Gift Free eBook: Activating Your Prosperity Guide. 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

Scott Donnell, developer of the GravyStack app, highlights the need for children to learn money skills. Drawing from his study of wealthy families' strategies, he found that these families fostered financial responsibility in their kids by simulating real-world expenses and expectations from a young age. This empowers kids to handle money related to everyday activities, cultivating a sense of generosity and responsibility. The GravyStack app includes fun and interactive 'gigs', including chores to earn money, saving parents' time.  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 Thinkers thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com 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 https://prosperitythinkers.com/podcasts/ https://gravystack.com/prosperity Creator of app for families with kids: https://partners.gravystackpartners.com/prosperity  https://www.amazon.com/Value-Creation-Kid-Struggles-Children-ebook/dp/B0BY9Z1VH5 https://www.linkedin.com/in/scott-donnell-0335b011/es    Show Notes Scott emphasizes his dedication to improving the financial literacy of young people The outcome of interviewing a thousand parents, revealing their insecurity in teaching finances to their kids His journey of interviewing a hundred legacy wealth families to understand how to effectively pass on good money skills to children Scott's exploration led him to writing a book called "Value Creation Kid" Money being a tool rather than the end goal, shaping the fundamentals behind the app Kim shares her personal experiences from her upbringing in understanding the schooling system and parenting How the app features 'brain gigs' where kids can earn by performing educational tasks, emphasizing developing value-creating skills   Special Listener Gift Free eBook: Activating Your Prosperity Guide. 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 Prosperity Podcast episode emphasizes the idea of collaboration over competition. Kim calls this concept "win times three” where each party involved in a deal benefits inclusively. This approach encourages sharing and giving first, believing that life will reward those who are generous. Kim highlights the instances when she collaboratively worked with professionals like Patrick Donahoe and Caleb Williams, who could be considered competitors, but instead became collaborators. Through such collaborations, they managed to further the Prosperity Economics Movement and improve client services. Kim also mentions a few other professionals she collaborated with like Spencer Shaw, stating that such collaborations can have enlightening outcomes. Kim expresses gratitude and shares the experiences where she was recognized by peers for her impact on their career, which she found fulfilling. Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity. 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 Thinkers thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com 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 https://prosperitythinkers.com/podcasts/ https://gravystack.com/prosperity   Show Notes The concept "win times three": A concept that reflects collaboration instead of competition "Give first" attitude and the notion of collaboration even with potential competitors Examples of collaborators who are also potential competitors in the world of whole life insurance The Prosperity Economics Movement and its benefits Attendance and participation at an event for advisors, promoting openness and sharing Books, copyrights, and the freedom of ideas. Adopting a lens of prosperity thinking around collaboration The benefits of the weekend spent with collaborators. Recognition of gratitude from collaborators, despite the initial discomfort in expressing it Impacts and contributions made by the books and podcast Kim’s gratitude to collaborators who have been particularly helpful. Special Listener Gift Free eBook: Activating Your Prosperity Guide. 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 this episode of the Prosperity Podcast, Spencer Shaw and Kim Butler discuss a new direction for teaching children financial literacy, competency, and responsibility through the use of a new app called Gravy Stack. The app, along with a book titled Value Creation Kid, aims to help children learn about personal finance and money management in a fun, engaging, and interactive way. Prosperity Thinkers is proud to be an affiliate of the transformative Gravy Stack movement, helping individuals around the world unlock their potential and achieve financial freedom. By providing resources, tools, and mentorship, we contribute to creating a culture of abundance, possibility, and growth. Please note, as an affiliate, we may receive compensation for our efforts. Our collaboration, however, goes beyond financial arrangements; we truly believe in the power of the Gravy Stack movement to change lives and foster prosperity. 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 Thinkers thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com 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 https://prosperitythinkers.com/podcasts/ https://gravystack.com/prosperity   https://partners.gravystackpartners.com/prosperity  Show Notes Delivering on the promise of a better future for children Introduction of the book "Value Creation Kid" and the app "Gravy Stack" Moving away from the concept of allowances and introducing home gigs and mental games for children to learn financial competency Real-life example of children learning financial competency through entrepreneurial activities, such as curb painting and lemonade stands Implementing financial literacy and competency through "Gravy Stack" and its features like bank accounts, debit cards, and sub accounts Encouraging sharing of the podcast and the link to the app to help improve communities Special Listener Gift Free eBook: Activating Your Prosperity Guide. 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 this episode of the Prosperity Podcast, Spencer Shaw and Kim Butler discuss the impact of remote work on family prosperity and share their personal experiences and insights on working from home. They highlight the benefits and challenges of remote work through various perspectives, such as time management, leveraging technology and human resources, effective communication, and maintaining work-life balance. 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 Thinkers thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com  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 https://prosperitythinkers.com/podcasts/  Show Notes Kim discusses her experience with remote work and the positive impact it has had on family life The benefits of remote work in terms of time management and flexibility with family schedules Importance of time management and how it can be leveraged in a remote work environment The concept of free days, focus days, and buffer days to improve productivity and prevent burnout Leveraging technology and utilizing other people's unique abilities in a remote work situation Communication as a key component of successful remote work and family interactions Special Listener Gift Free eBook: Activating Your Prosperity Guide. 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 this episode of the Prosperity Podcast, Spencer Shaw and Kim Butler discuss the impact and potential benefits of AI in various aspects of life and business. They reference Dan Sullivan's insight on using AI, stressing the importance of prompts when using AI systems for specific tasks. The conversation highlights both personal and professional examples of AI application, including AI tools for crafting emails, creating a complex Google Sheet formula, and assisting in household organization, among other examples. Kim and Spencer also acknowledge the potential for time-saving and increased efficiency in leveraging AI for tasks that complement human skills and unique abilities. 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 Thinkers thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com 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 https://prosperitythinkers.com/podcasts/  Show Notes The prosperity thinking mindset towards AI and how AI can serve as a helping mechanism in various aspects Kim shares her personal experience of using AI to write emails and how it saved her time Spencer argues that AI can be proactive too with proper prompting and feeding good information How Spencer used AI for helping with his oldest son's job opportunity path Using AI for family chores planning and meal planning AI as a companion during Zoom meetings, recording, and summarizing the meetings AI being used for summarizing and extracting important points from long emails Special Listener Gift Free eBook: Activating Your Prosperity Guide. 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 this episode of the Prosperity Podcast, Spencer Shaw and Kim Butler discuss the things people should stop doing once they have accumulated wealth. They highlight the importance of transitioning focus from cash value to the death benefit in their whole life insurance policies, and also to stop being overly focused on tax deductions. Instead, it's recommended to build wealth with after-tax dollars that will be held as after-tax for the rest of their lives. The hosts also emphasize the need to stop doing small transactions and delegate tasks with a humble approach to others who may have unique abilities in those areas. 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 Thinkers thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com 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 https://prosperitythinkers.com/podcasts/    Show Notes The importance of shifting focus from the cash value of whole life insurance to its death benefit and how to utilize it to impact other assets during your life Once a person reaches a net worth of $1 million or above, it's crucial to stop the overt focus on tax deductions, and instead, build wealth with after-tax dollars After your wealth accumulates, small transactions and low-value tasks should be stopped, and time should be spent more strategically on higher-value activities and unique abilities Why should you stop making decisions based on fear and scarcity and focus on protecting their mental space by seeking learning and opportunities from sources that align with their current financial standing Special Listener Gift Free eBook: Activating Your Prosperity Guide. 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 this episode of the Prosperity Podcast, the hosts discuss the debt ceiling crisis and its impact on people's lives. They emphasize the importance of a long-term perspective to make principle-based decisions that can weather any storm. Spencer and Kim also highlight the longevity and success of the mutual life insurance industry as an example of responsible financial management. By focusing on the things they can control and applying the principles of prosperity, they assert that individuals can remain resilient even in the face of financial challenges. 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 Thinkers thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com 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 https://prosperitythinkers.com/podcasts/  Show Notes Acknowledging various types of debt How to approach personal and business debt situations Importance of focusing on forward momentum and opportunity Recognizing the shifts that can occur with time Understanding the importance of focusing on principle-based thinking Discussing the longevity of mutual life insurance companies Emphasizing the importance of long-term perspective in decision-making Applying the principles of prosperity Special Listener Gift Free eBook: Activating Your Prosperity Guide. 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 this episode of the Prosperity Podcast, Spencer Shaw and Kim Butler discuss wealth building secrets of millionaires and why the term millionaire isn't as exciting as it used to be. They mention that focusing on cash flow is more important than net worth. The conversation explores the importance of transactions, such as starting, buying, and selling a business or real estate, which can lead to significant wealth growth. Spencer and Kim emphasize simplicity, principles, and real-world experience in their wealth-building tips, as well as the importance of focusing on the right things using the appropriate language. 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 Thinkers thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com 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 https://prosperitythinkers.com/podcasts/  Show Notes Why the term "millionaire" isn't as exciting as it used to be Importance of focusing on cash flow rather than net worth The common wealth building secrets of millionaires The importance of liquidity for opportunities Role of transactions in wealth building The importance of building liquid cash that can be controlled Leverage and debt in wealth building The focus on control and leverage as key wealth-building tips Control in relation to leverage Focusing on the correct language and principles Special Listener Gift Free eBook: Activating Your Prosperity Guide. 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 this episode of the Prosperity Podcast, the hosts, Spencer Shaw and Kim Butler, discuss the importance of avoiding zero-sum games, in which there is a winner and a loser. They provide examples of such games, including gossip, which can harm all parties involved, and share ways to combat this mentality. They also discuss the role of life insurance as a "win-win-win" financial product, particularly whole life insurance from a mutual company, which benefits the buyer, seller, and company alike. Additionally, they emphasize the importance of timely action when it comes to life insurance purchases, as medical complications and other factors can impact one's ability to buy a policy in the future. 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 Thinkers thinking and strategies today! Do you have a question you would like answered on the show? Please send it to us at hello@prosperitythinkers.com 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 https://prosperitythinkers.com/podcasts/  Show Notes How a zero-sum game means there's a winner and a loser and how it can apply to various situations, such as gossiping or bullying A discussion on how life insurance, particularly from a mutual company, can be a win-win-win situation: For the person buying the insurance, the person selling the insurance, and the insurance company The importance of the mutual life insurance company structure and its benefits The significance of ownership and sharing the concept of win-win-win situations with children A story about how timing can impact life insurance and the importance of taking action sooner rather than later How to get in touch with Kim to discuss the zero-sum game, mindset, or the life insurance space Special Listener Gift Free eBook: Activating Your Prosperity Guide. 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