The Prosperity Podcast

Lazy assets are those that do not generate income or require much effort to maintain. They are typically seen as a drag on finances, and can even be dangerous if they are not properly managed. While lazy assets may seem like a cure-all for those looking to make money with very little effort, there are some downsides to consider — which is what Spencer Shaw and Kim Butler discuss for today’s episode. Spencer and Kim differentiate lazy assets from working assets, as well as the different assets that can be categorized under lazy assets. They also share how you can start multiplying your lazy assets and make them work better 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 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/  How to Multiply Your Money - A Cure for Lazy Assets Show Notes What are lazy assets? Lazy assets vs Working assets: What are the biggest differences between the two? The different assets that cannot be considered lazy assets How can you start multiplying your lazy assets? Paying business bills with borrowed against cash value dollars What are the different tiers of assets banks have What is Airbnb arbitrage? 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

If you're like most people, you probably have a few hundred dollars in your savings account that you consider your "emergency fund." But what if I told you that you could have a cash reserve that was 10 times that size? For today’s episode, Spencer Shaw and Kim Butler talk about how you can start your own emergency slash opportunity fund and start taking advantage of the opportunities from your cash on hand. Kim also shares what her best practices are when it comes to recalibrating her life. Additionally, Spencer and Kim discuss how you can start with opportunity and prosperity thinking and use the money to gain even more 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/  Show Notes How much should be your emergency slash opportunity fund? When is the best time to take advantage of the opportunities from your cash on hand? What is an emergency opportunity fund and what are the advantages of keeping one? How you can start with opportunity and prosperity thinking Kim’s best practices when she wants to sit back and recalibrate Cash App: How you can start using it 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

The 0% tax bracket is a race to the bottom. It's a mentality that big stores such as Walmart support, where the goal is to pay as little in taxes as possible. This hurts everyone in the long run because it means less money for things like infrastructure and education. In today’s episode, Spencer Shaw and Kim Butler talk about the importance of NOT focusing on 0% taxes. They argue as to why the race to the bottom mentality can actually hurt people in the long run, rather than helping them financially. Spencer and Kim also discuss the difference between paying more and paying fewer taxes and which you should choose to reach your financial goals. 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 0% taxes is something you should not be focusing on. What is the race to the bottom mentality and why are big stores such as Walmart supporting this? Paying more tax or less tax: Which hurts more? The huge difference between financial math and school math. What is the appropriate principle of prosperity that we should focus on? How does the multiplier effect work? 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

There's never been a better time to start than now. Why? Because you can't predict the future, and things could always get worse. So if you're thinking about starting something new, whether it's a business or a relationship or anything else, now is the time to take action. For today’s episode, Spencer Shaw and Kim Butler talk about the best time to take action. Together, they discuss the big connection between starting a business and getting your own policy, and why the best time to start taking action is NOW. 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 What Spencer was extremely grateful for while working on a neighbor’s sawmill When is the best time for us to take action and do things? The big connection between starting a business, planting a tree, and getting your own policy. Why now is the best time to start taking action? 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

Whole life insurance has been around for a long time, and for good reason. It's a type of insurance that can provide you with coverage for your entire life, as long as you continue to pay the premiums. This can be a great option if you want to make sure your family is taken care of financially in the event of your death. For today’s episode, Spencer Shaw and Kim Butler talk about the many advantages of overfunding your whole life insurance and treating it as your savings account. They share how you can start building your life insurance portfolio and when is the best time to do so. Spencer and Kim also differentiate term insurance and whole life insurance and which will work better for you. Building your own insurance portfolio can be expensive, but it will benefit you and your family in the long run. 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 What the history behind whole life insurance is Why people are buying whole life insurances What the differences are between term insurance and whole life insurance What are the advantages of overfunding the policy Why Kim decided to get serious about buying, stacking, and building her insurance portfolio When is the best time to start building your life insurance portfolio What are the benefits of overfunding whole-life insurance  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 know the saying, "There's no such thing as a stupid question." And yet, we often find ourselves holding back from asking questions, for fear of sounding foolish. But the truth is, asking questions is one of the most powerful things you can do. Good questions can help you learn more about someone or something, get to the heart of a problem, and build better relationships. For today’s episode, Spencer Shaw and Kim Butler talk about how you can start asking really good questions when speaking with other people. They share what questions to ask to prepare for a conversation and what tips to keep in mind whenever you ask questions. 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/ Hero on a Mission by Donald Miller Show Notes Why you should start asking really good questions What questions Kim loves asking when speaking with other people What questions to ask to prepare Tips to keep in mind when you ask questions How you can do better with your 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

It's no secret that family traditions are important. They help us feel connected to our loved ones and give us a sense of belonging. But what happens when those traditions change? For today’s episode, Spencer and Kim talk about old and new traditions. They share why creating new traditions can help bridge the gap between the older and the newer generation. Spencer and Kim also describe how families can stay connected and continue to grow together by having positive family traditions. 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/ Perpetual Wealth book Family Legacy Card Game Show Notes Why talking about family traditions is a very important topic What kind of family traditions do Kim and Spencer’s families have The differences between old and new traditions The importance of having a positive focus 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

Do you ever feel like you're stuck in a rut, just going through the motions day after day? If so, you're not alone. A lot of people feel that way at some point in their lives. But the good news is, it doesn't have to be this way. You can choose to break out of your routine and learn something new. For today’s episode, Spencer Shaw and Kim Butler talk about learning new skills that can help you feel more fulfilled and motivated. They also discuss why it is important to choose your own thing to learn. If you're looking for a way to improve your life, why not start learning something new? 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/ Tim Ferriss Show Notes What the movie Thirteen Lives is all about What additional constraints you can learn or do at home Why it is important to choose your own thing to learn How you can start gaining new skills How you can increase the speed and pace at which you get to learn whatever the skill is that you want to learn 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

As a parent, one of the things you worry about is your kids' safety. You want them to be safe when they're driving, and you want to make sure they have the right insurance in case something happens. Unfortunately, insurance rates for teenage drivers are rising. In some cases, they're doubling or even tripling. But before you start panicking about the cost, it's important to understand why this is happening. And more importantly, how you can use this as an opportunity to protect your family's assets. For today’s episode, Spencer and Kim tackle why insurance companies are starting to catch on to the fact that teenage drivers are more likely to get into accidents than adults and more likely to make claims on their insurance policies. They talk about connections between car, home, and personal liability umbrellas. Spencer and Kim also defend why setting up a personal liability umbrella is not an additional expense, but additional protection for yourself. 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 the increase in insurance prices for teenage kids is actually a good thing Why paying more is an opportunity to reflect, look, and approach things differently What are the connections between car, home, and personal liability umbrellas are What the purpose of having a personal liability umbrella is and why you should have it What kind of life insurance policy should you set up once your kids move out of your home? 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

Pets are often considered to be part of the family, and as such, their well-being is important to pet owners. Pets can bring joy, companionship, and even health benefits to their humans. But they can also come with unexpected costs, like veterinary bills. Pet insurance can help cover these costs and give peace of mind to pet owners For today's show, Kim and Spencer sit down to discuss pet insurance. They talk about why it's important to get insurance for your furry friends, and how it can help you in the long run. Just like any other family member, you want to make sure they're well protected in case of an emergency. That's where pet insurance comes in. 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/ Article: Pet Finance: Putting a price tag on a dog’s life through economic modeling Show Notes What’s the purpose of having a dog in your life What pet insurance is What are the different types of insurance for your pets How opportunity cost is measured Why is doing a needs analysis a very incorrect mathematical formula to figure out your life insurance need How human life value is computed 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