The Prosperity Podcast

Is paying rent throwing away money? In this episode Kim and Spencer talk about the pivotal moment that changed their minds about paying rent and why flexibility is an important part of the equation. They also have a lightning round of questions about different life scenarios where Kim answers if you should pay rent or if you should buy. 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 Send Kim an email hello@partners4prosperity.com and she can help analyze and answer specific questions Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 1:15 - Why it's not the same perspective it used to be in the past 3:22 - The pivotal moment why Kim changed her mind 5:13 - Spencer used to own a real estate brokerage and investment firm and shares his insights 6:47 - Lightning round of questions 8:09 - What to do with excess savings if you're paying rent 9:23 - Does it ever make sense to buy rentals but rent your primary residence? 11:45 - Remember that buying and renting is an emotional process 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

We talk about the 7 benefits of having an emergency fund. Some of these benefits are things you may have never thought about. We also share the different strategies to follow if you're self-employed vs a salary employee. 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 Send an email to hello@partners4prosperity.com with the subject line: EO Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 1:15 - Why most people skip over the emergency / opportunity fund 2:05 - Opportunities present themselves more often when we're in a position to take advantage of them 4:55 - Health benefits from an emergency fund 6:51 - Fun travel and unexpected travel 8:21 - How Kim took advantage of an education opportunity 10:19 - Opportunities that create cash flow 14:16 - When and how you should start your emergency / opportunity fund 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

Cryptocurrencies are the current hot topic of the day. With the boom of Bitcoin, Ethereum, Litecoin and Ripple it seems like everybody's talking about this new world. In this episode Kim and Spencer talk about the different coins but more importantly talk about the technology behind it which is called the blockchain. 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://coinbase.com Special Listener Gift Free eBook: Financial Planning Has Failed Show Notes 0:59 - Why you must understand the blockchain 2:37 - How you can view the blockchain like an escrow company 3:41 - Demystifying cryptocurrencies 6:12 - Understanding the top cryptocurrencies 9:51 - Do research and learn about the best options for yourself 13:07 - Currently cryptos is a place to play but not gamble 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 Tweet and Share You must understand the blockchain to understand cryptocurrencies.

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