The Prosperity Podcast

Teaching kids about money and working hard is one of the most important things a parent or grandparent can do. In this episode we talk about what you can teach kids in various age groups. Kim D. H. Butler also shares valuable strategies for helping kids learn how to use a budget and build up a savings account. If you’re a parent, grandparent or have influence over children in your life this is a must listen episode.   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 1:05 - Involving kids with your family finances 2:02 - Advice for 2-5 year olds 3:26 - Teaching them about work and money 4:50 - Does allowance make sense for your family? 5:22 - Advice for 10-15 year olds 6:35 - Give kids several bills vs a big bill so they can learn to save a split money up 8:25 - Show your kids rental houses and teach them about other investments 9:30 - Advice for college age kids 10:28 - Give your kids the money for bills and let them pay for it and learn to budget 11:44 - How to teach your kids to love work and be hard workers   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

Talking about finances, budgets and investments are some of the most difficult conversations a couple faces. Kim D. H. Butler shares valuable strategies on how to approach these conversations with clarity and explains the 1-5 scale framework to help understand what your partner actually wants.   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/Kim-D.-H.-Butler/e/B00523N6HE   Special Listener Gift Free eBook: Financial Planning Has Failed   Show Notes 1:08 - Who you should include in the finance conversation 2:00 - It all starts with having good information 3:25 - Getting clear on money in and money out 3:56 - Using the 1-5 scale for decisions 6:08 - How to talk about where to invest or save money 9:12 - Why date night is a great place to talk through finances 11:35 - Put it on the calendar to make it happen 12:55 - Helping your spouse learn through reading, listening or watching   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

Having more than one life insurance policy can benefit you in so many ways. You’ll hear why your human life value and personal cash flow determines how much life insurance you need and why it makes sense to apple the multiple policy strategy in your 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 0:46 - Should you get one large policy or multiple policies 1:06 - Why cash flow dictates how big of a policy you should get 2:42 - Kim’s strategy for getting multiple policies 4:52 - How this multiple policy strategy applies to term life insurance 7:10 - More policies = more flexibility 7:41 - Why you need to keep an eye on your human life value 9:11 - How to stay on top of your policy dues and be organized 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’ve heard the advice “buy term life insurance and invest the difference” you have been fooled. In this episode Kim Butler helps us understand the role term insurance plays in our financial game plan, the different types of insurance and how much to get. You’ll also hear a shocking strategy that is invaluable for anyone that has surprising health needs that come up.   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 transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast   Special Listener Gift Free eBook: Financial Planning Has Failed   Show Notes 0:43 - When should you get term life insurance 1:24 - The role term insurance plays in your life 2:02 - Understanding human life value 4:42 - Why it’s crazy to follow the advice of buy term and invest the difference 7:03 - How term insurance saves your health… this is invaluable! 8:42 - The different types of term insurance 11:38 - What you have to do to switch from term to whole life insurance 13:06 - Different levels of term insurance   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

Lou Pineda comes from the banking industry where he worked with high net worth individuals. In his previous banking experience he was able to see that the most successful individuals understood finance by focusing on the principles.   In this interview you’ll hear how Lou has developed a love for reading and learning and is focused on finding ways to continually grow.   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 Connect with Lou Pineda http://partners4prosperity.com/lou-pineda https://www.linkedin.com/in/louis-pineda-7078847   Special Listener Gift Free eBook: Financial Planning Has Failed   Show Notes 1:20 - Developing a love for reading and learning 3:22 - Lou’s background 5:30 - Working with high net worth individuals in the banking industry 8:10 - What the highest net worth customers focused on 10:06 - How Lou is able to help clients by simplifying balance sheets through principles 11:39 - The to have a healthy body and a healthy mind 14:14 - How Lou is able to help people understand the language of finance   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

There’s a much easier way to prepare for retirement than saving millions of dollars or hoping for recession proof double digit returns. In this episode Kim Butler demystifies what retirement really is helps us see a much favorable path towards financial success. 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 show notes and additional information of this episode go to http://partners4prosperity.com/category/podcast Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 1:09 - Retirement has only existed for about 75 years 2:00 - Why people are starting to wake up and not want to retire 3:11 - How to find a good measuring stick for risk and growth 4:30 - Why human beings are made to serve 5:22 - Your money can grow and not be at risk 5:43 - Why your focus should be on cash flow 6:28 - Growth vs Income 7:50 - How it’s easier to focus on cash flow vs wealth 9:22 - The tax implications and what to expect 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

Setting goals and a clear vision is one sure way to make 2018 your best year ever. In this episode Kim and Spencer talk about how to change your mindset to adopt better habits and how to setup your day for success. We also get to hear what a typical day-in-the-life of Kim is and how we can apply those routines in our 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 https://www.csmonitor.com   Special Listener Gift Free eBook: Financial Planning Has Failed   Show Notes 0:51 - How to change your mindset to adopt better habits 2:03 - Creating a “not to-do” list 3:07 - What are you doing with the first and last 2 hours of your day? 4:28 - A day in the life with Kim 8:55 - How to 10X your mindset 11:54 - Why a vision is better than goals 13:01 - Once you get your mindset correct you need to verbalize what you’re going after   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 want to avoid another stock market crash or market correction then this episode is for you. Kim Butler shares a strategy (not a product you buy) to redirect funds to something that won’t rollercoaster ride, keeping your money safe and giving you more peace of mind. 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 transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast Get the ebook and audiobook www.partners4prosperity.com/ebook Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 0:38 - How we can avoid a 201k 1:26 - If you have an employee 401k and Roth IRA plan you can still protect your asset 2:32 - Kim’s strategy to protect your assets 4:15 - Shifting your money to something that’s ultra conservative 5:03 - How you can make this change without a penalty 6:57 - The penalty for not making the switch 8:01 - Why now is time to stand up and take action 10:15 - Get the ebook and audiobook www.partners4prosperity.com/ebook 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 the difference between match and max on a 401k can be confusing. In this episode Kim Butler lays down the foundation and supplies strategies if you have existing 401k and Roth IRA plans. She even explains why we should shift assets into a more safe category.  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 transcriptions and additional information of this episode go to http://partners4prosperity.com/category/podcast Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 0:29 - What’s next after a Roth IRA and 401k 1:24 - The first step is to create a foundation 2:38 - Why you should only fund your 401k to the match level 4:24 - How come you don’t control the Roth IRA and 401k 5:18 - Really good investments need lump sums of money 6:16 - Should you cancel your 401k plan? 7:34 - Shift existing assets in a 401k to not stock market related choices 8:44 - Making a major change isn’t usually necessary and often not beneficial 10:07 - Borrowing against the difference of the match and max 12:45 - You always want your dollars to be moving 13:41 - While borrowing against cash value life insurance the growth of cash value is unaffected 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

Getting financing for your business can be a difficult challenge if you follow the typical approach of working with a bank. In this episode Kim Butler shares examples from entrepreneurs and corporations that followed the traditional route of getting capital to grow their businesses.   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 transcriptions and additional information of this episode go to: http://partners4prosperity.com/category/podcast https://partners4prosperity.com/business-financing-secret https://www.amazon.com/Live-Your-Life-Insurance-Butler/dp/1441486895 Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 1:48 - We are grateful for No B.S. Money Guy Todd Strobel 2:09 - Traditional vs Typical strategies for financing your business 3:10 - J.C. Penny used whole life to support growth and cashflow challenges 3:33 - Walt Disney and Foster Farms borrowed against cash value to enable growth 4:23 - How Kim Butler uses cash value life insurance to support her business 5:58 - Why we view this as an emergency / opportunity fund 7:00 - You can own life insurance personally or have your business own it 8:02 - How long do you have to wait to access emergency / opportunity funds? 9:54 - There are no limits on the minimum or maximum 11:30 - Why most business owners aren’t following the traditional methods 13:27 - How listeners can take the next step 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