The Prosperity Podcast

Life insurance and your savings are your runways. In this episode, Kim and Spencer talk about the importance of having cash at home because it is the most important money that all families have in emergencies. They also talk about Kim's nephews story and the purpose of 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 The importance of having a family bank - 1:09 Understanding what a bank is - 1:23 Having a cash reserve - 3:27 Kim's nephew: Seth's story about his life insurance policy - 4:38 Why you should have a life insurance policy - 5:51 The best financial decision to make - 8:07 Recommendation for the book: "Live Your Life Insurance" -12:02 Having an Emergency Opportunity Fund - 13:25 Review and Subscribe If you like what you hear please leave a review by clicking here Having Savings, Saves Families - Episode 258 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

It's a terrible idea to retire with better options to avoid than doing nothing. According to Kim, the key to never retire is finding work that you love to do. She also talks about the "unique ability" and how millennials see 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 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 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 The "unique ability" definition by Dan Sullivan talks about doing work that you love and one that never stops improving. - 3:14 Why retirement is a new concept and how people used to die in the field. - 5:00 Kim's "unique ability" is finding solutions to any problem. - 6:00 If you don't like your job then find another one, but don't retire. - 10:18 Taking a vacation or sabbatical is necessary so we can come back rejuvenated. - 14:06 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

You're going to learn the most common mistakes people make when buying a home. Some of these mistakes seem unconventional and maybe even leave you thinking you will purchase your next home differently. 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 0:55 - When you should you decide to buy a home. 2:06 - How putting more money down is a mistake. 4:27 - Getting a 30 year mortgage vs a 15 year mortgage. 8:42 - Understanding the two sides of buying a house. 10:19 - Avoid buying from a scarcity mindset. 12:08 - The difference between purchasing your first home and a more seasoned home. 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

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