The Prosperity Podcast

How is President Trump’s tax plan going to affect you and your finances? In this special bonus episode our friend Patrick Donohoe from The Wealth Standard Radio podcast interviews Tom Wheelwright who is an expert with taxes. Together they talk about this new tax plan and help us understand what we should expect moving forward.   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 The original interview with Patrick and Tom - http://thewealthstandard.com/the-trump-era-tax-plans-winners-and-losers-episode-217 http://paradigmlife.net http://tomwheelwright.com   Special Listener Gift Free eBook: Financial Planning Has Failed   Show Notes 2:08 - Why Tom doesn’t consider this a tax reform bill 3:20 - The differences between the Senate bill and the House bill 7:23 - How the VAT is our biggest competition overseas 16:55 - Why Wall Street has the most to gain from this tax bill 20:35 - Over 400 pages of pork spending and other surprises inside 35:13 - Will this bill really create jobs and follow the Trump narrative? 38:45 - How this may create the biggest real estate tax opportunities we’ve seen in decades 41:09 - Who the biggest losers may be under this tax plan 48:03 - Should we adopt a VAT in the USA?   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 final years of life are often the most expensive and unpredictable. We cover the different options with long term care and how the principles of prosperity can prepare you for the future. This is a past recording which was one of our most popular episodes. Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel 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 Medcure: medcure.org Heritage Cremation Provider: www.heritagecremationprovider.com Five Wishes: fivewishes.org Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 1:07 Asset Based Long Term Care 1:32 Long Term Care Riders in Whole Life Policies 2:30 Asset Based Long Term Care formed with An Annuity 3:45 Looking at Your Situation Holistically 6:57 Seven Principles & Long Term Care 10:41 You can have life insurance, long term care and still receive positive interest rates 14:00 Outro 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. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS  

We’ve all heard the debate about 30 year vs 15 year mortgages and what is best for the long term and short term financial situations. In this episode we’ll cover prepaying mortgages, home equity and why to consider the peace of mind approach. This is a segment from one of our most popular past recordings. Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel 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://www.amazon.com/Busting-Interest-Rate-Lies-Discover-ebook/dp/B01DX0JP6I Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 01:18 Prepaying Your Mortgage & 15 Year Vs. 30 Year Mortgages 01:52 Why Prepaying Your Mortgage is Not the Answer 02:41 Why Home Equity May Not Be the Right Asset for You: The CLUE Test 06:34 What About Interest? 08:38 Busting the Interest Rate Lies 10:00 The Times When Peace of Mind Overrides the Financial Decision 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. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS  

This episode is about how to make the most of your dollar and create cash flow from your assets. This audio is one of our most popular episodes covering the different ways to create cash flow. Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel 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 Financial Calculator: truthconcepts.com Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 00:57 The old way of creating assets that pay you 01:55 Interest and bonds are not as secure now 02:33 More effective ways to create income with real estate investing 02:55 Bridge Loan Providers take away some of the work of Real Estate 04:25 Financial Calculator 09:10 Truth trainings 09:45 Questions about bridge loans 10:25 Residential vs. Commercial bridge loans 13:20 Accredited advisors 14:00 Senior Life settlements 14:41 eBook: Financial Planning Has Failed 16:41 Independent Advisors provide better advice 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. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS  

Credit cards are used in nearly every store and even on our phones. In this episode Kim and Todd talk about the different types of credit cards and which type of cards to avoid. They also share resources on credit card calculators so you can understand how much interest you are really paying back. Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel 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 http://truthconcepts.com/how-155-in-credit-card-debt-becomes-38850-in-payments/ https://www.dallasfed.org/educate/calculators/open-calc.aspx https://venmo.com Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 1:45 - Writing a check is one of the more exposed way of transferring money 2:21 - You can now use credit card for purchases less than a dollar 5:00 - The different types of credit cards 6:43 - Why Kim isn’t a fan of store cards 10:18 - The debit card discussion 10:53 - Venmo, an easy way to move money around 14:04 - How the state laws and credit cards can affect you 16:36 - Pay off your card every month or put together a game plan 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. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS  

In this episode Kim and Todd go through a life insurance quiz where they talk about the differences between universal life and whole life and some of the more technical details inside the life insurance industry. Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel 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 1:21 - Kim begins sharing her answers to the quiz 2:45 - Converting to whole life and how you can do it 7:47 - What endowment means with life insurance 9:45 - Understanding the differences between universal life and whole life 12:15 - Who owns the cash value on whole life policies? 15:02 - Hear why Kim doesn’t like this type of policy 22:04 - This type of policy would be best used when the need for protection declines 33:28 - What happens when a policy covers two lives but only pays when the second insured person dies? 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  

Patrick Donohoe talks with Todd Strobel about his perspective of the economy right now and how we should open our eyes to discover a lot of opportunities amidst this current disruption we are in. This is a special episode that’s sure to pique your interest. Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel 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 Connect with Patrick https://paradigmlife.net/about/patrick-donohoe https://www.linkedin.com/in/paradigmlife www.thewealthstandard.com https://www.amazon.com/Simon-Sinek/e/B002CB2SDC Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 1:12 - Where Patrick see’s the economy right now 4:28 - Don’t be paralyzed and be prepared 5:50 - Alternative investments to look at 7:42 - If you were starting over from scratch where would you go for information? 11:23 - We are amidst a disruption with a lot of opportunity if people open their eyes 14:04 - Where to put extra money to outpace inflation 15:25 - Find out what you love doing, not what you have to do to pay your bills 17:37 - Why retirement doesn’t work 18:39 - Patrick discovered something he didn’t want in his business 21:17 - A different way to look at the 401k 23:30 - The alternatives to a 401k 25:10 - How to catch up when you don’t feel prepared in your 50’s 28:20 - Advice for passing wealth to the next generation 32:12 - Leave a legacy 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. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS  

If you’re thinking about retiring and factoring in the cost of living, taxes, environment and recreation this is the podcast to pay special attention to. Your hosts Kim and Todd talk about the top 25 cheapest cities places to retire. Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel 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://www.cbsnews.com/media/25-cheapest-places-to-retire/3 Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 3:18 - Bakersfield, CA 4:15 - St. Louis, MO 4:50 - Gainesville, FL 5:14 - Columbia, SC 6:18 - Phoenix, AZ 6:54 - Austin, TX 7:36 - Dallas, TX 8:43 - Greenville, SC 9:47 - Pensacola, FL 10:20 - Sioux Falls, SD 11:20 - Ann Arbor, MI 12:02 - Fremont, CA 12:52 - Tulsa, OK 13:22 - Salem, OR 14:13 - Madison, WI 14:38 - Kansas City, MO 15:13 - Rochester, NY 15:51 - Salt Lake City, UT 16:30 - Omaha, NE 17:07 - Albuquerque, NM 17:47 - Mobile, AL 18:49 - Tucson, AZ 19:14 - Oklahoma City, OK 19:39 - San Antonio, TX 20:15 - Athens, GA 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 Todd talk about a recent AARP article: When a Con Man Calls. They discuss the top scams and fraud that get people in hot water and how you can avoid getting duped. Tune in with Kim D.H. Butler and No B.S. Money Guy Todd Strobel 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://prosperitythinkers.com/category/podcast https://www.aarp.org/money/scams-fraud/info-2017/imposter-scams-con-man.html Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 0:33 - AARP article: When a Con Man Calls 2:17 - Scam #1 - Courthouse calling 3:09 - Scam #2 - Winning the lottery 4:25 - Scam #3 - Puppy breeder 6:05 - Scam #4 - Dr. representative 7:06 - Scam #5 - Utility scam 8:26 - Scam #5 - Police and Fire donations 11:04 - Scam #6 - Unclaimed property 12:17 - Scam #7 - IRS scam 12:57 - Scam #8 - Ticket seller 13:36 - Scam #9 - Long distance lover 14:07 - Scam #10 - Verify bank information 15:04 - Scam #11 - Military representative 15:38 - The one scam that almost got Kim   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. Click here to subscribe with iTunes Click here to subscribe with Stitcher Click here to subscribe with RSS

Warren Buffett is known as one of the world’s most successful investors and in this episode Kim and Todd cover a recent article from US News called: 9 Investing Steps from Warren Buffett’s Playbook. Tune in with Kim D.H. Butler and No B.S. Money Guy T