The Prosperity Podcast

A new kind of graduation: the prosperous mindset graduation, is the ravaging topic that Kim and Spencer tackle on this brand new episode, so don't miss out on this opportunity to hear their exclusive insight on how it may change your life for the better. 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 Graduations  - 0:55 Am I done or just getting started? - 1:06 "Getting started" as a prosperous mindset - 1:15 Paying money to continue learning - 2:02 Education does not stop after graduation - 2:20 Your best learning method - 3:10 What does a prosperous person do? - 4:51 Having humility - 5:07 The retention piece of the learning process - 5:35 Learning and retaining knowledge  - 7:17 The whole point of learning - 8:11 The meaning of "WHO" - 9:06 Teaching and retaining knowledge - 10:45 Teaching what we are learning - 11:23 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

Kim Butler and Jimmy Vreeland talk about their latest book: Busting The Real Estate Investing Lies. Join us to listen to the authors comment on their favorite stories and topics from the book and why this is a must-read piece 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://bustingtherealestateinvestinglies.com/ Show Notes Discussing the book: Busting the Real Estate Investing Lies - 0:56 Jimmy's failures - 2:43 Trying every investment strategy - 3:29 Life Insurance and Real Estate together - 3:58 Real Estate is the oldest way to build wealth - 4:17 The oldest form of storing wealth: Life Insurance - 4:25 Life Insurance has the liquidity, Real Estate has the cash flow - 4:30 Kim and Jimmy's audiobook - 6:38 Understanding a little bit more about passive and active income - 8:41 What does a wealthy person do? - 9:06   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 know what is cash flow out and cash flow in? Knowing the difference may help your financial situation significantly, so don't miss out on this opportunity as we listen to Kim and Spencer address the subject with their unique insight and characteristic wit. 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.amazon.com/Busting-Interest-Rate-Lies-Discover/dp/0991305418 https://www.amazon.com/Live-Your-Life-Insurance-Butler/dp/1441486895   Show Notes What is cash flow out? - 0:31 Starting to save - 0:42 Saving 10 to 20 % of your income - 1:15 Cash flow out is the act of saving - 2:46 Our favorite way to save: automating savings - 3:25 Buying a whole life insurance policy - 4:03 Cash value's job - 5:22 Whole Life Insurance has warranties - 6:06 The Emergency fund and Life Insurance - 6:51 The Opportunity fund - 8:34 Pay yourself first - 9:46 Cash flow out savings first - 10:33 Kim helps you - 11:34 Live your life insurance book: A Kim's recommendation - 12:03   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

Kim Butler’s newest book titled “Busting the Real Estate Investing Lies” is now out and Kim and Spencer talk about what you will learn. Get your copy of the book on Amazon https://www.amazon.com/Kim-D.-H.-Butler/e/B00523N6HE 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.amazon.com/Kim-D.-H.-Butler/e/B00523N6HE   Show Notes The roles of real estate and life insurance as similar assets - 0:39 Whole life insurance is liquid - 0:48 The difference between Real Estate and Life Insurance - 1:23 The thing that all investors must have - 1:58 Real Estate investors and speculation - 3:10 The successful Real Estate investor - 4:33 A property flipper - 5:35 The cash flow investor is always employed - 5:55 A reasonable amount of cash flow - 6:46 A cash flow deal - 7:08 Applying reason to back up your pursuits - 8:58 Selling your property without paying a lot of taxes - 9:49 Strategies that are taught inside the book - 11:23 The true experiences that are taught inside the book - 12:59   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

An in-depth look into the concept of cash flow is the topic of today's episode as Kim and Spencer explain this somewhat elusive concept with easy to understand metaphors such as running a 5k, a 1/2 marathon and a marathon, and their cash flow equivalents of 5k bridge loans and 1/2 marathon bridge loans. 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 A couple close to retirement - 0:43 What is net worth? - 1:15 What cash flow does for you - 1:54 Understanding cash flow through a metaphor - 2:23 Creating monthly cash flow - 3:18 Creating cash flow requires practice - 3:45 Discussing bridge-loans - 4:23 Accredited investors that create cash flow - 8:31 Addressing turnkeys - 9:09 Learning about Real Estate - 9:59 Turnkey Real Estate - 10:42 Getting involved in the Oil and Gas field - 12:00 Looking for the "marathon" cash flow - 13:35   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

Today’s podcast is on how multiple life insurance policies can be a savvy financial strategy! Join us to listen to Kim and Spencer as they dive into all the policies that could be of use to you as well as how, when and why you should have multiple policies at once. 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/how-do-i-tell-if-my-real-estate-deal-is-a-good-one/    https://truthconcepts.com/   Show Notes Discussing term insurance - 0:30 Kim talks about whole life policies - 0:49 Needing more policies - 1:30 A paradigm shift - 2:12 Starting whole life insurance - 2:32 Addressing the subject of the death benefit - 3:13 Having a monthly premium  - 4:39 Building a solid foundation - 5:54 Your premium payments - 6:55 When it is time to buy another policy? - 7:13 The emergency fund - 8:49 Borrowing against the cash value - 9:27 Earning more than the borrowing costs - 10:30 The Real Estate calculator - 11:47 Your cash value and life insurance as a liquid asset - 13:13   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

Could you imagine how a $500,000 income could be considered scraping by? Kim and Spencer dive into the actual definition of scraping by and give us some examples of their own experiences as financial advisors. Stay tuned to listen to our hosts discuss the terms “lean years” and “green years” as they analyze their applications with an example of a couple that has a $500,000 year-income. 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.cnbc.com/2018/03/06/budget-breakdown-of-a-couple-that-makes-500000-a-year-but-cant-save.html Show Notes Defining income and expense - 0:48 Lean years and Green years - 1:00 The profitability of a business - 1:14 What is a green year? - 1:40 Teaching your kids about lean and green years - 2:52 Example of a lean year - 3:13 Earning $500,000 a year - 3:50 Discussing the CNBC article - 4:16 Discussing the subject of “money” with the family - 9:22 Communication in the family - 10:05 Increasing your cash flow - 10:30 Discussing the importance of “savings” -  10:55 A high-income earning couple - 12:34 Saving first - 12:46 The cost of personal care - 14:24 Thinking differently to get different results  - 17:58 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

Today we learn why every business earns a commission and why you need to look at fees and commissions in a completely new way. Stay tuned to this new Prosperity Podcast episode to get Kim's and Spencer's intellectual wisdom on this matter. 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.amazon.com/Sell-Human-Surprising-Moving-Others/dp/1594631905 Show Notes One of Kim's favorite subject - 0:29 Earning a commission - 0:54 Compensation is problematic - 1:40 Kim's book recommendation: “To Sell Is Human” - 2:38 Currently disrupted industries - 3:15 Fees and commissions - 4:15 The fiduciary platform - 4:54 The medical industry and their fees - 6:20 A store named "Dirt Cheap" - 7:53 The importance of values - 9:43 A story about longevity - 10:44 Pick your products the same way that you pick your relationships - 11:15 Wealthy people plan for the next generations - 12:36 Decide what type of relationships you want for your business - 14:00 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

Kim and Spencer dive into an extensive topic: College tuition. Is it really a game that we should be playing? if so, let's understand what the rules are so we can participate in it more effectively. 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.udacity.com/ https://www.amazon.es/Education-Millionaires-Michael-Ellsberg/dp/1591845610 Show Notes The value of a four-year degree - 0:35 Focusing on college - 0:47 Getting a service degree - 1:07 An emphasis on online education - 2:11 College tuition is a cost - 2:36 Being able to study in a college - 3:21 Spending time and money on education -4:24 What is Opportunity Cost? - 5:49 Measuring the opportunity cost of college - 6:09 The whole college experience has become unnecessarily expensive - 6:48 Spencer's college experience - 7:39 Focusing on online learning opportunities - 9:08 Kim's recommendation: “audacity for nanodegrees” - 9:50 Kim's book recommendation: “Education For millionaires” - 10:27 Finding a way to start a business - 11:08 Learning as a part of growing - 11:45 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

Kim and Spencer approach this episode a little bit differently, that's because today they answer some listener's questions regarding the movement, Kim's principles system, and her amazing background story. Don't miss out on this opportunity to find out more about our amazing host. 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.amazon.es/Yes-Improvisation-Reverses-Creativity-Collaboration-Lessons/dp/0062248545 Show Notes The Prosperity Economics Movement is related to clients - 1:07 There is a better way to deal with your finances - 1:45 The movement is a way for people to learn - 2:26 Kim's background - 3:06 Working for a bank - 4:51 The value of teaching children how to deal with money - 5:09 Kim's guiding principles in life - 6:04 Being tired of banks' restrictions - 6:30 When Kim knew that she wanted to work with clients - 8:04 Being certified as a financial planner - 8:46 The definition of typical in the financial world - 12:16 What “typical” implies for Kim - 12:43 An important value: efficiency - 14:29 Living in the house of both - 15:28 Discussing the book "Yes, And" - 16:15 Discussing Kim's book: “Financial Planning Has Failed” - 17:45 The importance of having principles in life - 18:49 The Seven Principles Of Prosperity - 19:36 Developing the Seven Principles of Prosperity - 21:52 The need for a name - 23:23 The Prosperity Economics concept and definition - 24:54 Creating an event about financial education for advisors and clients - 27:06 The Truth Training - 30:02 One of the goals of the Prosperity Economics Movement - 31:05 What the future holds for the movement - 31:20 Helping more people in more ways - 33:00 What do the Principles for Prosperity do for the listeners? - 35:50 Discussing the Prosperity Economics' Principles - 36:16 Readjusting the Principles and adding a few - 37:20 Remaining open to change for the better - 37:50 The Truth Concepts Software - 39:20 Trying to help you and your family - 41:35 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