The Prosperity Podcast

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

After working hard to create your personal wealth, the next step is the need to protect it. And one way to do that is to acquire insurance to protect yourself from major financial loss. Wealth protection can be achieved through life insurance, taxes, and asset formation. Other strategies such as reverse mortgages, charitable remainder trusts, and single premium immediate annuities are also effective. In this episode, Spencer Shaw and Kim Butler talk about the different strategies such as to protect liquidity and assets from taxes. They also suggest involving family members in wealth protection by using the Perpetual Wealth Book and game, having family retreats, and talking about values and lessons to pass down. 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 Get access to the Currence app by sending an email to hello@prosperitythinkers.com with the subject "Currence." Perpetual Wealth: How to Use "Family Financing" to Build Prosperity and Leave a Legacy for Generations: https://www.amazon.com/Perpetual-Wealth-Financing-Prosperity-Generations-ebook/dp/B0965MDDLJ For resources and additional information of this episode go to https://prosperitythinkers.com/podcasts/ Show Notes What is Wealth Protection? Different strategies for minimizing tax expenses Impact of taxation on wealth protection strategies Benefits of protecting your wealth through whole life insurance Real estate wealth protection strategies for long-term financial security Exploring different strategies for multiplying retirement wealth Involving family members in wealth protection Resources for intergenerational wealth transfer 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

We all have money concerns from time to time: We want to continue paying the bills, we want to earn more money for investments, and we want to save more for retirement. But to start getting the financial freedom and success that you're aiming for, what's the first step? In this episode, Spencer Shaw and Kim Butler discuss the Prosperity Ladder, an infographic created to help people understand their financial situation and progress. Kim explains that the ladder is useful for people of all ages and financial backgrounds, from those just starting to earn money to those who are more established. She also emphasizes the importance of the conversation about personal finance and the impactful view it provides. 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 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/ Get the Prosperity Ladder Infographic: https://drive.google.com/file/d/1WGnW08W40yAOaLubmjYJbYn6mqyB-KMZ/view Show Notes Exploring the Prosperity Ladder The different categories of wealth The ladder of poverty to prosperity Exploring the financial journey from subsistence to prosperity Establishing the different savings tools for financial security The benefits of opportunity funds and prosperous mindsets for achieving financial prosperity Importance of knowing yourself when investing Rebranding the word "prosperity" for the next 30 years 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! Call to Action Get access to our first beta list: Email hello@prosperitythinkers.com using the subject line Cash App 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

Good news Prosperity Thinkers! After releasing the Currence app, we got positive feedback from users. They've already seen positive results such as AHAs and the value of converting conscious spending into unconscious savings. To get access to the app, send an email to hello@prosperitythinkers.com with the subject line "Currence" today. In this episode, Spencer Shaw and Kim Butler discuss some of the hidden benefits of the Currence app. With the app, users can convert conscious spending into unconscious savings and have an accountability coach right on their phone to automate good measuring and reporting around savings. Additionally, Spencer and Kim talk about emergency funds and opportunity funds, and the importance of having both. 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 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/ Check out the article here: Going Through Levels of Wealth Show Notes Exploring the benefits of the Currence app Why should you start rearranging your financial operations? Utilizing Currence to improve your savings exponentially Streamlining payroll and savings using the Currence app The benefits of life insurance: Taxation and cheat codes Tax-free income opportunities through life insurance Establishing better habits and understanding emergency funds 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! Call to Action Get access to our first beta list: Email hello@prosperitythinkers.com using the subject line Cash App 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

When the members work together to achieve the same goal, team collaboration occurs. As each member of the team has their own unique skills, they can help solve the problem from a different angle and provide a more creative solution. But how can you apply collaboration in your personal life? In this episode of the Prosperity Podcast, Spencer Shaw and Kim Butler discuss the surprising benefits of collaboration. Kim explains that Dan Sullivan, her coach, and mentor, has talked for years about the importance of collaboration and how much more valuable it is than the competition. She then shares her experience of teaching her children the power of collaboration without intentionally doing so. According to Kim, when children learn something without being forced to, it is always the best and most valuable lesson. Furthermore, Kim and Spencer discuss how collaboration can be used to create a better future, build strong relationships, and open up new possibilities. They also emphasize the importance of collaboration being done in a respectful and positive manner. Together, they highlight the importance of collaboration and the many positive outcomes that can come from it. 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/ Check out the article here: Going Through Levels of Wealth Show Notes The many benefits of collaboration How collaboration works Collaboration thru Kim Butler and Dan Sullivan's eyes and perspective Executing collaboration and giving first The power of listening and human connection Collaboration: The secret sauce to solving problems and connecting with others How to become more collaborative 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! Call to Action Get access to our first beta list: Email hello@prosperitythinkers.com using the subject line Cash App 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

Happy 500th episode of the podcast! As we celebrate this milestone, for today's episode, Spencer Shaw and Kim Butler reflect on the journey, noting how listeners have grown with them over the years. They share how they stumbled upon the podcast as a space to communicate with clients and people interested in becoming clients. Spencer and Kim also discuss the growth of podcasts in the past five years and how technological advances have made them more accessible and easier to produce. They share their insight on how podcasts are different from traditional radio, noting that podcasts are about positive forward motion, rather than focusing on negative historical commentary. Spencer and Kim also believe in lifelong service and want to activate that in everyone they talk to, and they believe the podcast is one way to do that. 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/ Check out the article here: Going Through Levels of Wealth Show Notes Our goal: To produce a podcast that can provide value to listeners through personal finance advice, information, action steps, and encouragements Benefits of podcasts and radio Decentralizing talk radio The power to gravitate toward achieving prosperity One of the "ah-ha's" of the podcast: When a client is ready to come on Financial commentary and intergenerational wealth ideas for 2023 and beyond 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! Call to Action Get access to your own Cash Flow data by joining our by invitation-only Currence app+account structure. Email hello@prosperitythinkers.com with the subject Currence app+account and we'll invite you in. 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