The Prosperity Podcast

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

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