The Prosperity Podcast

It's that time again— students go back to school, adults go back to work, and now we all need to go back into good habits! Kim and Spencer explain what it is to get back to good habits and how we should address it, so stay tuned and enjoy! Best-selling author Kim Butler and Spencer Shaw show you how to take control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.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 http://partners4prosperity.com/category/podcast Article mentioned in the episode: https://www.rd.com/advice/parenting/back-to-school-secrets/ Show Notes Talking about habits - 0:47 How to add new habits - 1:06 Thinking on a new habit that you want to add - 1:23 Taking some examples from a post - 2:00 Designate a homework spot for your kids - 2:10 An example of a ballerina's habit - 3:37 Another example of habit inside the article - 3:50 Working on personal things to have progress - 4:24 Ask yourself: what rejuvenates you? - 5:05 Having an attitude of gratitude - 5:36 Thinking on what you are grateful for - 6:48 Kim and Spencer being grateful for their listeners - 8:21 Special Listener Gift Free eBook: Financial Planning Has Failed 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 want to understand more about money processes? In today's episode, Kim and Spencer dive into the circle of money to create wealth, how it's going in, how it's going out, and how it affects you. You will learn more about good financial habits that will help you build wealth. They explain this topic in the previous podcast #307, but today they dive into it more deeply. Stay tuned and enjoy! Best-selling author Kim Butler and Spencer Shaw show you how to take control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast Link to episode 307: https://partners4prosperity.com/having-numerous-policies-as-a-financial-strategy-episode-307/ hello@partners4prosperity.com Show Notes The previous podcast in which Kim and Spencer explain the circle of money - 0:43 The principle of cash flow - 1:00 Money is going out every month - 1:29 Storing savings: using a life insurance policy - 1:43 Working on creating cash flow - 2:44 How to enable your wealth efficiency- 3:46 Where can I put the extra money? - 4:30 A whole life insurance to save your money - 4:56 Explaining the circle of money to create wealth - 6:30 Premium policies - 8:17 Convertible Term Insurance - 9:49 If you are confused about what to do, schedule a call with Kim - 11:07 Part one of this circle of money: episode 307 - 11:30 Special Listener Gift Free eBook: Financial Planning Has Failed 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

Educating your children can be a daunting yet important and fulfilling task, but when it comes to money, what's the appropriate age to educate them? In this episode, Kim and Spencer talk about how early you should start educating your children about finances and money... Stay tuned and enjoy this episode! Best-selling author Kim Butler and Spencer Shaw show you how to take control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast Book Kim mentioned: https://www.amazon.com/Even-Your-Toes-Turn-Purple-ebook/dp/B072HL74P4 Kim's latest book: https://partners4prosperity.com/perpetual-wealth-book Show Notes Teaching them as early and as often as possible - 0.28 The idea of delayed gratification - 1:10 Having conversations at 3 or 4 years old with our children - 2:30 Teaching the connection between work and money - 3:39 Being conscious of the words that we use around our children about money - 4:32 Can I afford it or how can I afford it? - 5:55 An example of not having money to afford a car - 6:32 Kim recommends a book: Even If Your Toes Turn Purple - 7:16 Teaching our children from an entrepreneurial perspective about money - 7:48 How you speak about money impacts younger people - 9:31 Being aware of our language now to create a legacy generation - 10:01 Kim's book Perpetual Wealth and the Legacy part - 10:30 Strategies for raising responsible children - 11:26 Working with the younger generations - 12:20 Special Listener Gift Free eBook: Financial Planning Has Failed 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

Estate planning, what is it and how to address it... Kim and Spencer talk about this important topic and the estate planning mistakes to avoid, how to get better prepared for it, and manage an individual's asset base. How can you prepare now for the future? Listen to this episode so you'll know what to do, and just as importantly, what not to do. Best-selling author Kim Butler and Spencer Shaw show you how to take control of your finances. Tune in to The Prosperity Podcast to learn more about Prosperity Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.com and we may answer it in an upcoming episode. Links and Resources from this Episode For resources and additional information on this episode go to http://partners4prosperity.com/category/podcast http://nnepa.com Book Kim mentioned: https://www.amazon.com/Click-Here-When-Die-Making-ebook/dp/B071ZQ2WWC Show Notes Estate Planning: too big, too much, too challenging - 0:31 On Estate Planning you are going to do the work - 0:52 The difference between doing the work now and doing the work later - 1:23 Kim's story about her mom and grandmother - 1:55 Doing the work "now" - 2:20 Should I have a Revocable Living Trust? - 4:10 Paying an attorney to settle estate planning - 5:27 Procrastination equals more money and paperwork - 6:02 Repercussions - 8:00 Kim's recommendation: consider a revocable living trust - 10:10 Rick Randall's website: National Estate Planning Attorneys - 10:55 What Kim likes of Rick's work - 11:49 Special Listener Gift Free eBook: Financial Planning Has Failed 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

Creating wealth for legacies, is the topic of today's episode, so join us as we listen to Kim and Spencer dive into a useful tool that they consider valuable for the pursuit of your goals: The Perpetual Wealth Book, so don't miss this opportunity to get one step closer to your desired objectives. 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 Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.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 http://partners4prosperity.com/category/podcast https://partners4prosperity.com/perpetual-wealth-book/ Show Notes The Book as a tool - 0:31 Build, maintain and transfer wealth - 0:56 Family Banking - 1:50 The Perpetual Wealth Book - 2:41 The value of the death benefit - 2:55 A snapshot of the book - 3:12 The concept of maintaining - 4:09 Inflation is the number one enemy - 5:11 Transferring wealth - 6:50 Transferring values - 7:55 Winning the long game of wealth - 8:34 Savings as an important habit - 9:14 How to get the Perpetual Wealth book - 9:46 Special Listener Gift Free eBook: Financial Planning Has Failed 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 biggest missing piece in personal finance? Well, if you want to know, you should tune in to today's podcast because Kim and Spencer dive into the subject of opportunity cost and why understanding it may be the difference between success and failure. 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 Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.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 http://partners4prosperity.com/category/podcast https://truthconcepts.com/ Show Notes Opportunity Cost - 0:30 Todd Langford's calculator - 1:49 Kim's story of the opportunity cost - 2:34 Understanding the opportunity cost term with an example - 3:36 When Spencer learned about opportunity cost - 4:42 Opportunity cost around mortgages - 6:34 The Truth Concepts website - 9:07 Todd's youtube channel - 9:36 Special Listener Gift Free eBook: Financial Planning Has Failed 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

A potentially life-changing approach to debt payment, Dave Ramsey's "snowball method" will be the topic of discussion today, as Kim goes into detail as to how paying off bills in order of smallest to largest, regardless of the interest rate, may prove beneficial 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 Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.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 http://partners4prosperity.com/category/podcast https://www.daveramsey.com/blog/get-out-of-debt-with-the-debt-snowball-plan https://www.udacity.com/ Show Notes The Dave Ramsey Snowball method- 0:53 Paying your debts - 1:00 What happens if you do not use your credit card? - 1:46 Building up savings - 2:49 Solving future problems - 3:03 Having money in a savings account - 3:32 Your bills in auto pay - 4:14 The "Perpetual Wealth" book - 6:06 How to build wealth - 6:41 Benchmarks of the Emergency Fund - 7:47 Savings is the foundation - 9:28 Building your opportunity fund - 10:24 Principles that are applicable for so many things - 11:29 Finding ways to earn extra money - 12:23 Make personal finance your focus - 13:30 Talking about Udacity.com - 14:28 The Prosperity Snowball - 15:30 Special Listener Gift Free eBook: Financial Planning Has Failed 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 Endowment Effect, is perhaps something that you've never heard about, but stay tuned and you'll learn the importance of having a grasp over the concept, as Kim and Spencer discuss this surprisingly interesting topic through their emblematic intellectual wisdom. 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 Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.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 http://partners4prosperity.com/category/podcast Show Notes Financial terms - 0:32 Understanding the theory - 1:06 The endowment effect - 2:02 A negative aspect of the endowment effect - 3:20 Understanding the concept through an example - 5:11 Misunderstanding the Whole Life Insurance - 7:18 A place to store cash - 8:40 The importance of the word "save" - 9:35 The act of savings save families - 10:04 The cash opportunity - 11:41 Get in touch with Kim - 12:33 Special Listener Gift Free eBook: Financial Planning Has Failed 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 is your unique ability? How can you use in your personal finances? Learn the answers to these questions and more on today's Prosperity Podcast as Kim and Spencer discuss the implications of this term. 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 Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.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 http://partners4prosperity.com/category/podcast http://www.kolbe.com/ https://www.amazon.com/Busting-Real-Estate-Investing-Lies/dp/1544504233 Show Notes The term unique ability - 0:29 Unique areas of expertise - 1:15 Your unique ability has been with you forever - 2:13 The Kolbe profile - 3:21 Having self-knowledge - 3:58 Maximizing your unique abilities - 4:48 Kim shares an example of her unique ability and Todd's unique ability - 6:00 Follow what you love - 9:10 The first investment is ourselves - 10:14 The importance of knowing your unique ability - 11:20 Special Listener Gift Free eBook: Financial Planning Has Failed 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

Learn how to overcome the hardest moments in life with Kim and Spencer as they discuss the subject of preparing for a disaster or hardship while also giving us specific tips and recommendations that we may find useful. 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 Economics thinking and strategies today!Do you have a question you would like answered on the show? Please send it to us at hello@partners4prosperity.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 http://partners4prosperity.com/category/podcast https://www.funeralocity.com/ Show Notes Preparing for a disaster - 0:30 What happens during a storm? - 1:33 Tips to prepare for a disaster - 1:55 Water, light, and food - 3:46 What to do when a disaster is happening? - 5:03 Having cash on hand - 5:57 The importance of having a family plan - 6:31 Finding solutions and help - 8:10 Being prepared - 11:20 Deciding what you want to do - 12:26 Special Listener Gift Free eBook: Financial Planning Has Failed 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