The Prosperity Podcast

When you apply emotions to finance you often open yourself up for a disaster. Today you’ll hear why education is one of the antidotes to risk and how you can avoid loses in the future following some simple principles.   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   Special Listener Gift Free eBook: Financial Planning Has Failed   Show Notes The more that you learn, the less risk there is - 1:32 Risk as a propensity for loss - 1:44 The number one rule for investments - 2:48 Emotions are what scare people - 3:09 Is the risk in the investor? - 4:00 The abundance mindset of an investor- 9:38 Spencer tells us that we need to play smart - 10:36   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

Kim and Spencer talk about the easiest changes that make the biggest financial differences in your life. 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.reddit.com/r/personalfinance/comments/8t9iqt/what_are_the_easiest_changes_that_make_the/ Special Listener Gift Free eBook: Financial Planning Has Failed   Show Notes You need to set up automatic payments and automatic transfers - 1:29 Having two savings accounts - 2:31 Spencer talks about his kid’s bank accounts - 3:00 Review all your monthly subscriptions and cancel any you have debts on - 4:49 Kim talks about paying things monthly - 7:14 Investing in your health is an important thing to do - 8:11 The importance of figuring out your own values - 9:15 Stop eating out! - 9:38 Be aware of how much money you are monthly spending on eating out - 11:40 Kim talks about the "And" mentality - 13:20 The "bonuses" help families save money -14:30 Kim recommends us a book that will help us on this topic - 17:17   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

If you’re wondering what the real relationship should be between an IRA and Real Estate this is the episode for you. Kim and Spencer take a listener question where they explain the priority between the two and talk about the tax implications.   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   Special Listener Gift Free eBook: Financial Planning Has Failed   Show Notes Kim explains why an IRA is the first thing we should die with - 1:19 Kim tells us the pay down on an IRA - 2:26 Why Real Estate has a good an efficient tax law - 3:29 Kim talks about the Real Estate and the IRA relationship - 4:00 IRA Tax law - 5:14 Where do you want the tax benefit? - 6:18 Spencer tells us two things that we can not avoid - 6:55 Real Estate transactions and transactions with an IRA using bridge loans- 8:49 Kim gives us a prosperity tip: Think about your finances! - 11:05   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

One of the most debated topics in 2018: 70% of millennials regret buying their homes. Kim and Spencer explain to us why. 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 Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes Millennials are regretting paying the downpayment on a home - 1:21 Kim explains to us a big issue on this topic - 2:06 Borrowing to get cash value - 2:29 The Third Principle of Prosperity - 3:50 Spencer tells us a Prosperity tip: the “from” versus “against” - 4:33 Kim talks about the frustration of buying a home - 5:30 The true value of what you are paying to our home by using the truth concepts and calculators - 6:48 The final regret that millennials have - 7:24 Underestimating the homeownership - 8:00 Kim recommends to us: save first! - 9:09 Another prosperity tip: Focus on your savings! - 10:01 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

Kim and Spencer talk about life insurance. They also talk about an important question: Should we buy a life insurance from our car insurance agent? 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   Special Listener Gift Free eBook: Financial Planning Has Failed   Show Notes Kim tells us if we should buy a life insurance from the car insurance agent - 0:42 Life insurance and car insurance - 1:37 What is permanent life insurance - 2:12 Some car agents don't have the knowledge in whole life insurance - 3:56 How to know if a car insurance agent is qualified? - 4:30 Why people use car insurance agents for life insurance? - 6:28 What are the things that a whole life insurance agent can do for you? - 6:46 Use life insurance death benefit while you are living - 9:38 Differences between a car insurance agent and a financial advisor - 10:40 What can do a financial planner - 11:50   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

What to do to live longer and to actually “live more”. Kim and Spencer recommend us to stay active: keep working if you are and if you aren't, find something to do! They suggest some books on these topic and also mention the “myth” of retirement. 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   Special Listener Gift Free eBook: Financial Planning Has Failed   Show Notes Kim shared with us the web page livingto100.com - 1:08 The web page gives you a life expectancy number - 1:20 Kim also recommends to us the web page: mylongevityquest.com - 2:48 Those web pages help you know how long you are going to live - 5:30 All life insurance companies today are using a mortality table maximum - 7:53 Kim recommends us to save as much as we can, find a job that we love doing and work to make our lives more elegant - 8:50 Boredom and retirement are a critical issue - 11:00 Keep working if you are and if you aren't, find something to do - 12:02   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

Kim and Spencer talk about an essential question: How do you go from middle class to wealth? They mention specific steps that you can take to make it there and the  importance of handling the family's finances.   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   Special Listener Gift Free eBook: Financial Planning Has Failed   Show Notes Everybody can be mentally wealthy - 1:14 The importance of handling the family's finances - 3:30 The average millionaire has 7 sources of income - 5:30 Kim recommends us to create investments income - 6:13 Kim explains to us the concept of paying yourself first - 9:50 One of the things that wealthy people do: they don't take risks - 12:02 What does it means to take a risk with your money? - 12:20 Kim shares with us information about an accredited investor - 14:32   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

Kim and Spencer talk about life insurance for your children, when you should get it and how much you should spend on a life insurance policy. 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   Special Listener Gift Free eBook: Financial Planning Has Failed   Show Notes Kim explains to us when you should get life insurance for children - 1:01 What’s the act of saving - 2:40 Kim explains to us what is the life insurance premium - 2:58 What is the liquid cash value account?  - 3:51 Kim tells us how much you should spend on a life insurance policy - 5:02 What is "The Rule of Thumb" - 7:20 Kim explains to us what is the Human Life Value - 8:12 Needs analysis and human life value - 10:12 Why a life insurance company could decline you?13:18 Kim tells us about the "Net-Net-Net Return" - 14:40 The importance of buying a life insurance policy for your children -15:09 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

Kim and Spencer talk about putting yourself in the right conversations where money is, where money works, where money acts and where money lives. He shares with us an experience that he had during a dinner with his wife.   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   Special Listener Gift Free eBook: Financial Planning Has Failed   Show Notes Prosperity economics is good thinking around money - 2:53 Spencer talks about a conversation that he heard about different corporate structures - 3:16 How to put capital in investments - 4:10 Kim explains to us one of the seven principles of prosperity: move - 4:50 The concept of moving money through assets - 5:58 Spencer recommends us to associate with the right people at the right time - 7:10 The principle of associating with the right people - 7:24 Kim tells us some general categories of alternative investments - 10:39 The importance of putting capital into bridge loans - 11:55 Others sectors of real estate investments - 12:20 Kim recommends people to open their minds and learn - 13:30   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

Understanding how life insurance loans work and their real costs can help you see the truth in this financial situation. Kim and Spencer also take a listener question: Why did my financial advisor lead me down the wrong course? 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   Special Listener Gift Free eBook: Financial Planning Has Failed   Show Notes There are typical financial planners out in the marketplace that have wrong information - 1:03 Kim explains to us how interest rates do matter - 3:23 Kim tells us how you can't have a win-win situation - 5:25 She shares us the magic of the life insurance loan - 6:04 Kim and Spencer talk about extra interests in your policy loan - 7:40 How to use a life insurance loan - 9:00 How the financial planner or advisor can confuse a client? - 10:30 Kim and Spencer explain to us how to use the interest rates - 11:10 Kim explains to us that life insurance is a net-net-net product- 12:19 She shares with us the idea of financial calculation based on rates - 14:10 Kim and Spencer talk about the importance of interests rates - 17:00   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