The Prosperity Podcast

Garrett Gunderson makes a huge announcement about his new book ‘5 Day Weekend’ that he co-authored with Nik Halik. This book is packed full of valuable information to help you keep more of your money and become a better investor so that you can live a more fulfilling 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 Garrett’s new book - https://www.amazon.com/dp/B07B89FWP6   Special Listener Gift Free eBook: Financial Planning Has Failed   Show Notes Why Garrett is writing to further freedom and liberty. How Nik Halik, Garrett’s co-author is living a 5 day weekend. How to keep more of your money and become a better investor. Why now is the time to focus on economic independence.   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

Saving saves families. Kim and Spencer talk about how much you should be saving and the best places to put that money. They also share personal stories about how savings has helped made a difference in their lives. 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 http://truthconcepts.com/how-can-borrowing-at-4-and-investing-at-5-be-a-25-return   Special Listener Gift Free eBook: Financial Planning Has Failed   Show Notes 1:36 - Why it’s horrific to put money into an IRA and avoid savings 2:50 - The “forced savings account” Kim likes to use 4:00 - Understanding the emergency opportunity fund 7:19 - How cash value life insurance can be a storage place for money 10:14 - Story about a business Spencer was able to buy because of his savings 12:55 - Breaking down returns using truth concepts calculations 15:26 - Start saving with what you can   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

Ken Ma has been translating Kim’s books into Chinese and helping spread the message of Prosperity Economics with the Eastern culture. Together Kim and Ken talk about how the Chinese think differently than Western culture when it comes to finances and why honor, integrity and precision is important for them.   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 Why Ken was attracted to Kim’s teaching and the Prosperity Economics thinking Understanding the saving and financial habits of the Chinese How scarcity thinking affects all cultures Why the Chinese culture is skeptical and pays attention to the details The Chinese view on life insurance Ken’s biggest surprises he learned from attending Truth Concepts   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

The future of education is changing drastically. It may be classrooms with virtual reality glasses or artificial intelligence and this technology can feel overwhelming. Luckily the principles of education don’t change and together Kim and Spencer talk about these principles shared from a recent Peter Diamandis article.   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 Kolbe http://www.diamandis.com/blog/reinventing-how-we-teach-our-kids   Show Notes Why we want to be lifelong learners - 1:13 Do you have grit? - 3:39 Helping children create a passion for learning - 5:05 Curiosity and how it applies to school - 9:12 Imagination - 11:31 Surprising ways an emergency/opportunity fund will help your kids education - 14:52 Critical thinking - 16:19 How Kim takes the time to think - 18:14   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 pay cash for something you still have an interest cost because you pass up the opportunity to make interest on your money. There’s an interest cost associated with all money and in this episode Kim and Spencer talk about the true interest cost.   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.amazon.com/Busting-Interest-Rate-Lies-Discover-ebook/dp/B01DX0JP6I   Special Listener Gift Free eBook: Financial Planning Has Failed   Show Notes 1:12 - You’re either paying interest or passing up interest. 3:10 - Understanding your interest cost 5:06 - How to measure your opportunity cost 6:23 - The dynamics of car loans 8:40 - Does it make sense to get a car loan or pay off mortgages early? 14:34 - A method for creating compound interest   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

Most people don’t talk about the life insurance death benefit because they don’t understand the 5 strategies of how to use it. Kim Butler talks about these different strategies along with a different approach to spending your assets when you approach retirement age. 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 Free Report: Permission to Spend - https://www.prosperitypeaks.com/permission   Special Listener Gift Free eBook: Financial Planning Has Failed   Show Notes 1:02 - Understanding the death benefit or face value of life insurance 2:41 - Why most people aren’t educated about the death benefit 3:39 - 5 strategies of how you can use your death benefit 6:45 - Understanding the paydown and how it affects principle and interest 10:01 - Why most people don’t talk about the death benefit 12:23 - A different approach to spending your assets   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

A mortgage is one of the most efficient debts you can have and paying it off early is often one of the biggest mistakes people make. In this episode Kim and Spencer talk about the importance of having control over your finances and using tax efficiencies and deductions.   They also bust the myth of converting your mortgage to a home equity and why that simply doesn’t work and why appreciation shouldn’t even be a factor in your house buying decision.   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 www.truthconcepts.com   Special Listener Gift Free eBook: Financial Planning Has Failed   Show Notes 0:53 - Busting the myth of paying off real estate early 3:51 - Why peace of mind can override financial decision making 4:26 - The most efficient mortgage strategy 6:50 - Why people want to get their homes paid off 7:36 - Converting your mortgage to a home equity line and why it doesn’t work 10:08 - Why a mortgage is one of the most efficient debt you can have 11:48 - Use OPM (other people's money) 12:25 - Tax efficiencies and mortgage deductions 14:47 - Why appreciation is something we can’t control and shouldn’t focus on 16:40 - Investing for cash flow and not appreciation   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

The news would tell you that it’s bad for corporations to be profitable, but is that the truth? In this episode Kim and Spencer talk about why life insurance companies have been around for centuries and why it’s beneficial for you.   You’ll also hear about the dangers of having a universal life insurance policy and how that could have an effect on your future.   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.amazon.com/Busting-Life-Insurance-Lies-Misconceptions/dp/154060697X https://www.amazon.com/Live-Your-Life-Insurance-Butler/dp/1441486895   Special Listener Gift Free eBook: Financial Planning Has Failed   Show Notes 0:52 - If companies don’t make profits they don’t stay in business 2:06 - Most insurance is an IF event while life insurance is a WHEN event 3:41 - How life insurance companies have been sustainable for centuries 5:21 - What it means to have a mutual life insurance company 6:45 - Why whole life insurance is designed to be around for 121 years and beyond 7:54 - If you have Universal Life Insurance it may be running out before you die 8:55 - Why whole life insurance has a rising death benefit every year 12:43 - How mutual life insurance companies are motivated to be more efficient 17:47 - The typical S&P 500 lifespan is only 10-15 years   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

Why has society accepted that financial loss is okay? In this episode Kim and Spencer explain why risk does not equal reward and how you can put together a strategy that avoids losing your hard earned money.   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 0:51 - Why most people believe risk equals reward 1:50 - How Kim defines risk 3:02 - Kim’s risk tolerance is zero and she explains why 5:50 - Why has society accepted that loss is okay? 10:05 - How to avoid losing money 13:18 - Often good investments that have high protection require a lump sum 14:49 - Where to put your money 15:20 - Are you more interested in growth or cash flow? 17:17 - A new $25k investment opportunity 20:06 - Your gameplan to avoid risk   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. Subscribe with Apple Podcasts Subscribe with Stitcher Subscribe with RSS

If you view life insurance as a savings account that shows up like a bill it’s easy to see how it truly is the best savings plan imaginable. In this episode Kim and Spencer talk about the differences of paying for life insurance on a monthly basis or annually and also how long it takes for most people to being to understand the powerful results of life insurance.   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 Welcome@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 ProsperityThinkers.com/Podcast-Whole-Life-Insurance www.truthconcepts.com   Special Listener Gift Free eBook: Financial Planning Has Failed   Show Notes 1:39 - Why life insurance is a savings account that shows up like a bill 2:43 - Most people pay all their other bills before they save money 4:31 - Strategy for saving 50% of your pay raise 6:36 - How long it takes for most people to understand the results of life insurance 9:56 - Paying life insurance monthly vs yearly 12:36 - Why it doesn’t matter how old you are to start with life insurance 13:55 - Understanding CLUE 15:00 - Life insurance is not the black box people think it is. It’s an asset.   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