The Prosperity Podcast

In this episode of the Prosperity Thinkers Podcast, the focus is on the importance of philanthropy and giving forward. The hosts discuss the concept of the "velocity of money" and how participation in initiatives like kiva.org can help move money and improve one's own personal economy. They highlight different ways of engaging in philanthropy, such as donating small amounts to causes important to the individual, using donor-advised funds, and even creating a family foundation. Spencer and Kim agree that engaging in philanthropy can provide a sense of purpose, align with one's values, and create opportunities for families to bond and work together for the greater good. 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://www.heifer.org/ https://www.kiva.org/ https://www.amazon.com/Perpetual-Wealth-Financing-Prosperity-Generations/dp/B0977PM7JD   Show Notes The concept of giving forward and its importance for enabling money to keep moving.\ Kim shares her own experience with microloan organization Kiva.org, and how it helped her get money moving during a difficult time The book "Busting the Charitable Giving Lies" and its current status Discussion of donor advised funds and their benefits for controlling where donations go Kim shares her experience of participating in her alma mater's 24-hour giving day and the impact it had on her The importance of starting small with charitable giving and how it can put energy and thought behind the causes you care about Various methods of giving, from small donations to creating a full public charity How families can involve multiple generations in the process of choosing and researching charities to support 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

Kim and Spencer discuss responsible borrowing and how to use debt to your advantage, particularly when it comes to building businesses or making investments. The conversation emphasizes the importance of having a proper mindset before considering taking on debt and being confident in the ability of the investment or business to generate enough cash flow to pay off the debt. The podcast also highlights the need for liquidity to cover potential issues such as delays in business profitability or unexpected expenses. In addition, it recommends using bank financing, borrowing against the cash value of life insurance policies or acquiring funds from venture capital, family or other sources as a means of obtaining debt responsibly. 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 Discussing responsible debt and debt taken for building businesses and investments Building liquidity and why it is important for taking on responsible debt Interest rates and the dividing line between good and bad debt Approaching OPM (Other People's Money) Understanding responsible borrowing from a prosperity perspective 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

Kim and Spencer discuss the intersection of health and wealth and the importance of investing in personal well-being for long-term prosperity. They emphasize the significant impact of physical and mental health on a person's overall prosperity and ability to think and function optimally. The conversation highlights the benefits of seeking personalized guidance in various aspects of life, such as personal finance, health, and fitness. The hosts suggest trying out services like Viome, which offers personalized nutritional advice based on an individual's unique biology. 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://truthconcepts.com/ https://www.viome.com/   Show Notes Kim's appreciation for AI and how it changed her daily life The intersection of health and wealth, investing in well-being for long-term prosperity The importance of physical and mental health for overall prosperity Kim’s personal experiences of how food choices affected her mental and physical wellness. The connection between health and the brain Kim's realization about her health and mental activity Initial experiences with a food coach and learning how to make healthy food choices to improve your health Discovering the significance of blood types in diet and how red meat works well for Kim's system Undergoing the Viome test to determine personal superfoods, providing a more personalized approach to diet The significance and benefits of personalized guidance on food, health, and finances 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

Kim and Spencer discuss the concept of living for experiences versus living for stuff. They share personal experiences and observations from their careers and highlight the importance of focusing on more meaningful aspects of life, such as relationships and personal growth. The conversation touches on the role of social media in showcasing one's possessions or experiences, and they emphasize the need to be aware of the messages being sent to children about the importance of material possessions. Kim and Spencer also discuss how they incorporate celebration and tradition into their lives in ways that are personally meaningful rather than centered around material possessions. 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://truthconcepts.com/   Show Notes Discussing living for experiences and focusing on things like hikes in the woods, beautiful sunsets, and family moments instead of showing off material possessions like cars and homes Kim shares examples of how small changes and investments in property can make significant impacts on daily experiences such as a swing for relaxation with her dog or a morning walk to feed the alpacas How being conscious of living for experiences can extend to teaching the same values to children in the family Prioritizing family activities and time spent bonding creates a valuable environment for growth and connection Why you should start celebrating your wins Kim admits that while she could do a better job, she is happy with her life and her social interactions, despite not celebrating in the traditional sense Tying celebration to accomplishments and milestones like annual premium payments for life insurance policies. This way, every time an annual premium is paid, it's an opportunity for a small celebration with a dinner, massage, or another activity as a reward for the effort put in 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

Kim and Spencer focus on the safest ways to store savings during uncertain times for banks, considering alternatives like mutual life insurance companies and T-bills. The expert, Kim, explains mutual life insurance companies as a secure place for storing cash value, emphasizing the safety of the institution in comparison to banks with fractional reserves. She also encourages people to focus on what's within their control as the dollar isn't going away any time soon and banking systems will continue to be in place. The importance of long-term thinking and following principles is highlighted as essential to financial 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://truthconcepts.com/  Show Notes How’s the safety of banks and savings accounts now? Mutual life insurance companies as an alternative place to store money Prepaid premium accounts in life insurance Mutual life insurance companies backed up 100% The dollar is still being used by 57% of countries, unlikely to vanish soon Cash accessibility is changing, banks storing less physical cash Necessity of adapting to current financial systems and control Storing cash in T-bills or real estate Life insurance as an alternative to T-bills and T-bonds Long-established banks and credit unions as safe options for cash storage Equity in real estate may be a risky place to store cash 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

Kim and Spencer talk about the fascinating world of Artificial Intelligence (AI) and its potential to reshape the financial advising industry as we know it. With Kim sharing her firsthand experience from attending the renowned Abundance360 event, this conversation offers valuable insights for listeners who aspire to stay ahead of the curve and harness the power of AI in their practices. Throughout the discussion, Kim and Spencer emphasize the unique aspects of human interaction that AI will not be able to replace, especially when it comes to raising funds and nurturing valuable client relationships. The significance of emotional intelligence, empathy, and trust cannot be understated, and these irreplaceable qualities are what set human advisors apart in this evolving landscape. 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://truthconcepts.com/ https://embodied.com/   Show Notes What Kim’s takeaways are from the Abundance360 event The unique human skill of raising money, which is about building relationships and transforming lives, will likely not be entirely replaced by AI AI can help pick up on emotions in words and between lines in email interactions, enabling us to get to the human element even quicker AI scheduling assistants can take the onus off sales assistants by sending text messages to clients and prospects, filling up calendars without overwhelming email inboxes Robots designed as communication devices and playmates for senior citizens can provide them with valuable company and engagement Innovations on AI and technology While robots may increasingly take up service positions in restaurants and other industries, having a financial advisor for personalized advice is still crucial 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

Kim and Spencer discuss why paying off your mortgage early may not be the best strategy for financial prosperity, as emotional attachment to homes can lead to emotional decision-making. The time value of money and opportunity cost must be considered, and the best mortgage loan is a 30-year fixed interest rate mortgage paid over time and refinanced until the borrower dies. Redirecting extra mortgage payments towards paid-up life insurance can be more efficient in building an asset that is not taxed. The goal is to keep refinancing, eventually do a reverse mortgage to free up equity, and educate oneself on the concept of time value of money. 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://truthconcepts.com/   Show Notes Prepaying your mortgage may not actually be a good idea The time value of money and opportunity cost are important factors to consider when it comes to mortgages A 30-year fixed-rate mortgage is the best option, and it's okay to refinance every 10 years or so Emotions often drive decisions regarding mortgages, but it's important to step back and make decisions based on finances and long-term goals For those who feel stuck in the belief that they must pay off their mortgage, it can be a difficult hurdle, but withdrawing from the cash value of life insurance may be an option for peace of mind Education is key in helping people make informed decisions about their mortgages Objectives and methods should be clearly defined to reach financial goals Refinancing and reverse mortgages are strategic ways to free up equity Contrary beliefs about mortgages may require multiple listens to understand 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

What’s the meaning of money for you? A lot of people believe that the more money you have, the happier you are. But how can you maintain the balance between your time, your value, and your money? In this episode, Spencer Shaw and Kim Butler delve into the concept of the time value of money. They take a deep dive into the importance of finding a balance between saving and spending along with valuing time as much as money. Spencer and Kim also share their best practices in looking at money from a long term perspective and promote how you can start finding the balance between time, value, and money. 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://truthconcepts.com/  Show Notes What is the time value of money? How Kim discovered the true value of money Using a financial calculator to help you equate, calculate, understand, and function with he concept of the time value of money The principle that taught Spencer’s kids to look at their money on a long term perspective Time value of money not just a financial principle, but as an economic principle as well The connection between time, value, and money How to find the balance between time, value, and money 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

The concept of visioneering is believed to help lift people’s chins up and look forward to the future. It can be used to look at the opposite side of a goal: Like paying a s much tax as possible to achieve a higher tax bracket. For today’s episode, Spencer Shaw and Kim Butler talk about how to create and promote a wealth-building plan, emphasizing the importance of having a vision and diversifying your own portfolio. They also discuss the different tax implications of various retirement vehicles and how real estate can be a great tax shelter. 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/ Tax-Free Wealth Book: https://www.amazon.com/Tax-Free-Wealth-Permanently-Lowering-Advisors/dp/1947588052 https://twitter.com/itsdanny_v/status/1630583616601219074?s=51&t=xQQnk6ikx4VnuNXpNvH8xw   Show Notes Exploring tax-free wealth What visioneering is Real estate as a tax shelter by balancing tactical and strategic considerations Tax-free wealth strategies Tax implications of various retirement vehicles Establishing a 1099 business and financial planning Financial planning and taxation strategies Alternative retirement strategies 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

They say that people die twice: The first time is their physical death and the second time is the last time their names get mentioned. While life is still ahead of us, should you start preparing as early as now? In this episode, the conversation between Spencer Shaw and Kim Butler centers around wealth protection and the need for preparing for what to come upon your death. This episode not only covers wealth protection, but also family protection, memory protection, and more. The conversation emphasizes the importance of capturing personal stories, lessons learned, ideas, and values for the next generation. They talk about preserving your memories through photos and videos using digital storage solutions. Kim also discusses the importance of estate planning and how to prepare for the future. She suggests getting final expenses worked out and decided upon so that the next generation won't be burdened with the cost. Estate planning is important to ensure that one's wishes are taken care of and their family is not left with a financial burden. 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 https://protectmyplans.com/ https://www.heritagecremationprovider.com/ https://www.fivewishes.org/ https://twitter.com/businessbarista/status/1622633176081235971 https://twitter.com/kimdhbutler Get access to the Currence app by sending an email to hello@prosperitythinkers.com with the subject “Currence.” For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/   Show Notes Protecting digital assets and values for future generations How protectmyplans.com can help prevent the lengthy digital assets recovery Different prompt questions that will be valuable in getting things recorded in a way that would be helpful to the next generation Preserving wisdom for the future generation by recording audios and videos Estate planning for long-term prosperity protection by preparing for final expenses The benefits of planning for end-of-life decisions on an 80-year-old’s perspective Tips to spending time with your grandchildren and family Pre-paying funeral costs to save families from extra financial stress 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