The Prosperity Podcast

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

There are many common questions regarding Self-Directed IRA: what are they, how do they operate, and how they could affect you and your finances. Stay tuned to get the answers you seek. 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 What is a Self Directed IRA? - 1:03 The risks of using Self Directed IRA - 1:46 Choosing your investments - 2:43 The trustee of the IRA - 4:00 Tax benefits of the IRA - 4:33 Beneficial Real Estate Law - 7:09 IRA in Real Estate? - 8:00 How to get a Self Directed IRA - 9:23 Self Directed custodians - 10:54 Fees for Self Directed IRA - 11:44 Restrictions on fee payment - 12:45 Taking The money out - 14:02 IRA as the worst asset to die with - 14:40 What we need to understand about IRA - 16:00 Kim's recommendation - 18:08 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

In the life insurance industry, one of the great commandments is "thou shalt not cancel your policy!" Kim and Spencer also discuss why you should use the flexibility of the policy to sustain it and to help it sustain 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 Article about how to save a life insurance policy https://partners4prosperity.com/save-a-life-insurance-policy-when-you-cant-afford-the-premiums/ For resources and additional information of this episode go to http://partners4prosperity.com/category/podcast Show Notes Understanding more about the whole life policy - 0:59 An asset that you'll never get back - 1:57 The best place to store liquidity - 2:11 Life insurance death benefit - 3:00 Reasons not to cancel your whole life policy - 3:53 Regret after canceling whole life insurance - 4:49 Discussing a whole life insurance case study - 5:33 Borrowing against cash value - 6:41 Helping people understand the importance of whole life insurance policies - 8:10 "I wish I'd bought a policy earlier" - 9:05 Do not cancel your whole life insurance policy - 9:29 Automation and your bank account - 10:44 Financial education for your family - 11:28 What to do if you've canceled a whole life insurance policy? - 12:05 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

This episode is all about mineral rights, how they cash flow and what to expect when using this investment. Kim and Spencer cover being an accredited investor, tax implications and cash flow. 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 Wealth derived from mineral rights - 0:52 Mineral rights and bridge loans - 1:14 Creating income from assets - 1:48 What is a bridge loan? - 2:00 What are mineral rights? - 2:38 Oil and Gas productivity - 3:29 Definition of an accredited investor - 3:55 Oil and Gas companies - 5:51 Creating cash flow on a monthly basis - 6:16 Moral issues with the oil and gas industry - 7:33 The price of Oil - 8:18 Tax implications with oil and gas industry - 9:17 Paying taxes is not a bad thing - 10:02 The bridge loan space as an income provider - 11:11 An asset to create additional cash flow - 11:54 Money needs to flow - 12:25 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, Kim and Spencer talk about the latest version of the "Live Your Life Insurance" book, now in Spanish! They dig into what their expectations are on how it will impact the Latin community, and also some of the differences between how Latins see saving compared to the average American. 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 Vive Tu Seguro de Vida: Estrategias Sorprendentes para Construir la Prosperidad de Toda la Vida con Su Póliza de Vida Total (Spanish Edition) Show Notes The translator had a strong connection with the book so it was done with love - 1:50 It will allow the message to reach more people - 2:20 Trying to find the right person to do the audiobook version - 2:50 How people around the world use whole life insurance - 4:50 How people's view of the economic system shifted in the 1950s How this book will impact the Latin community into using whole life insurance - 6:00 The way Latin Americans save money against how Americans do it - 8:00 An invitation for Spanish speakers to get the book - 10:30 Once again, Kim talks about the first principle of prosperity: THINK! - 10:50 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

It's absolutely crazy that people are celebrating a tax refund. After this episode, you're going to realize why we don't want to put on the celebration hat for getting a tax refund and how you can minimize your tax burdens. 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 Tax refunds and tax returns - 0:45 Not getting a refund - 1:54 Working out your relationship with your money - 2:42 Having control over your cash flow and assets - 2:58 Getting refunds - 3:30 Plan the amount of taxes that you will need to pay - 3:55 The Life Insurance Policy is liquid - 4:22 Handling the extra money - 4:56 A different way to pay taxes - 5:17 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

We discuss why borrowing against your whole life insurance too often, too soon and too much might not be a good idea. 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 Borrowing to invest - 0:55 How to use your emergency fund - 1:22 Being conscious of what we are borrowing for - 1:58 Eliminating your emergency fund - 2:33 Being patient to get better results - 4:50 Getting assets to continue growing - 7:30 Finding cash flow deals - 7:50 The emergency number is zero - 8:34 An emergency and opportunity fund - 9:40 What the emergency fund is for - 10:03 Adding opportunities to our way of thinking - 10:44 Prosperity thinking and prosperous mindset - 11:06 Get in touch with Kim and Spencer - 12:48 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 hereSubscribe on your favorite podcast player to get the latest episodes. iTunes Stitcher RSS

Technology is evolving at an exponential rate, nowadays the subject of adapting to this changing landscape proves to be more relevant than ever, that why on today's episode, Kim and Spencer talk about how we can automate things in our lives to make it more fulfilling, easier, and prosperous. Tune in with Kim D. H. Butler and Spencer Shaw to find out how to take control of your finances 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.expensifythis.com/ https://www.amazon.com/Live-Your-Life-Insurance-Butler/dp/1441486895 Show Notes Innovative thinkers in the world - 0:38 Technologically oriented - 1:26 Reverse mentorship - 1:44 Using Expensify - 2:09 An idea-capturing machine- 4:23 Automatic reminders on your phone - 5:36 The coolest things about podcasts - 5:50 The whole life insurance - 6:55 Automate saving money as a habit - 7:53 If you want good results - 9:23 Dividends first in Life Insurance - 10:39 Mutual Life Insurance Companies - 11:13 Get in touch with Kim Butler - 13:26 Kim's book: Live Your Life Insurance - 14:36 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. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS