The Prosperity Podcast

Summary: In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel debate statistics that were published by FINRA. These stats claim that Americans are improving financially, but is this really true? Tune in 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 in this Episode: Submit your questions: welcome@prosperitythinkers.com   Show Notes: 00:00 Intro 00:41 Report issued by FINRA.org 01:17 Intro to the article 02:46 Kim: “Everything’s ok as long as everything’s ok” 03:22 Digital wealth goes through cycles 04:00 You get paid what you’re worth. If you want to get paid more, provide more value. 04:34 Moving towards a global workforce 05:56 Going over statistics in the article 07:15 Retirement vs. Future finances 12:13 Student loans not getting paid 13:31 Financial literacy is different from stock market literacy 16:25 Spending vs. Savings 17:17 Spending going up and saving rate is going down 22:25 Pay yourself back at interest

Summary: In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about the time it takes to double your money. Surprisingly, it’s not always the same amount of time, even if you have the same interest rate. Tune in 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 in this Episode: Submit your questions: welcome@prosperitythinkers.com   Show Notes: 00:00 Intro 00:43 How long does it take 1,000 to get to 2,000? 01:31 Time Period Financial Calculator 02:53 What about the human element? 03:16 How AI and Robot Financial Advisors are affecting the industry 05:18 Peter DiaMandis and AI 06:48 Computers can only tell you certain things 08:56 Simple ways to make good rates of return 09:24 Use free trials of software 10:29 Holistic Calculator

Summary: In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel demystify an interesting article from Inc. Magazine. Each bullet point they highlight has juicy information that will make you better at managing your finances. Tune in 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 in this Episode: Submit your questions: hello@partners4prosperity.com Listener Gift: eBook   Show Notes: 00:00 Intro 00:37 Article of INC Magazine- June 2017 episode 02:37 Money is at the root of every decision 03:15 Treat your personal finances like a business 04:29 Credit Card 05:09 Your bank statements are your reputation 06:56 Make money before you start asking for it 08:55 Pay yourself first 12:00 Budgets don’t work 14:23 The difference between purpose, passion and a good idea 16:05 Cash flow is better than net worth 18:24 If it’s too good to be true: dig deeper 19:45 Buy what you love, and what is essential 21:19 People in this article are considered wealthy 22:09 Connecting to the day-to-day person 23:28 Necessity never made a good bargain 23:59 Listener Gift- Financial Planning Has Failed

Summary: In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about Mel Robbins’ new book. It’s called: The 5 Second Rule: Transform Your Life, Work, and Confidence with Everyday Courage. This book helps thousands transform themselves into action oriented people who lead better lives. Tune in 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 in this Episode: Submit your questions: welcome@prosperitythinkers.com Listener Gift: eBook Dan Sullivan’s Strategic Coaching: https://www.strategiccoach.com/ Mel Robbins’ Book: The 5 Second Rule   Show Notes: 00:00 Intro 00:42 Mel Robbins’ Book: the 5 Second Rule 01:31 What is the 5 second rule? 01:41 Help your mind tackle things you don’t want to do 02:17 Count backwards, 5 4 3 2 1..Launch 03:17 Highlights from the book 04:20 Kolbe Assessment 05:21 Dan Sullivan’s Strategic Coaching 06:20 The connection between your brain and your instincts 08:20 Locus of control 12:23 3 Main Behaviors people want to change 14:58 30 before 7:30 15:23 Concept of stopping your day 16:22 Listener Gift 16:51 We also want book recommendations!

Summary: In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about writing your own will. If you’re unsure where to even get started, this episode maps out the essentials-how to do it, what to include, and resources to help you.   Tune in 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 in this Episode: Submit your questions: welcome@prosperitythinkers.com Listener Gift: Financial Planning Has Failed ebook Resources for listener: partners4prosperity.com/blog   Show Notes: 00:00 Intro 00:45 Article in Money Magazine 01:31 Will + living trust combination is best 03:20 Do you need an attorney or can you do it with online resources? 06:27 Probate delays things 07:28 Deciding who is an heir 07:46 Naming an executor 08:41 Guardianship issues 10:30 Splitting up your finances 11:58 Biological vs. Stepchildren 12:20 Do you give inheritance all at once? 13:16 Incentive Trusts 14:15 Recommended Resources 15:00 Listener gift

Summary: In this episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about the pros and cons of opening a Home Equity Line of Credit. Listeners will learn about when they should be used, and why mortgages may be the better way to go. Stay tuned for the listener gift at the end! Tune in 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 in this Episode: Submit your questions: welcome@prosperitythinkers.com Listener Gift: Financial Planning Has Failed ebook   Show Notes: 00:00 Intro 00:45 Answering a listener question 00:57 Home equity line of credit vs. Traditional Mortgage 03:22 Additional facts on the listener case 05:04 Busting the Interest Rate Lies 05:38 General Rule of Thumb: Putting extra money against a mortgage is not a good idea 07:06 Variable interests rate vs. Fixed interests rate 08:14 How home equity is handled at the banks 08:48 Can the bank still call the note? 11:07 Never have borrowed money as your emergency fund. 14:27 Tax implications of Home Equity Credit Lines 17:33 Mortgages are efficient debt 19:16 Listener Gift

Summary: In this short episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about some hard questions. She gives advice on how to handle your own death arrangements, so your family members won’t have to worry later. Included in this episode are awesome resources to help make the process easy and affordable. Tune in 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 in this Episode: Submit your questions: welcome@prosperitythinkers.com Medcure: medcure.org Heritage Cremation Provider: www.heritagecremationprovider.com Five Wishes: fivewishes.org   Show Notes: 00:00 Intro 00:36 Kim looks into arranging for her death 02:25 Medcure- cremations for free, but you donate to science 02:51 Heritage Cremation Provider 03:40 Very affordable cremation services 05:00 Be done with it so your family members don’t have to worry 06:11 Is this a question you handle on your own or should it be a family discussion? 09:01 Who do you entrust with this information to make sure it’s executed properly? 10:46 After you pass away, who’s in control of what kind of service you have? 12:21 Any other resources you’d like to share? 12:31 Five Wishes 14:11 We want listener questions!

Summary: In this short episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about whether or not Robo-Advisors are taking over the industry. Apparently, the future looks bright for real financial advisors. Tune in 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 in this Episode: Submit your questions: welcome@prosperitythinkers.com   Show Notes: 00:00 Intro 00:31 AARP article: Should a robot manage your money? 01:29 The future looks good for advisors 03:00 Numbers vs. Philosophy 04:30 Robo-advisors= only stock market 05:43 Why have Robo-Advisors continued to gain popularity? 07:39 AARP says: Robot Advisors are democratizing financial planning 08:24 Independent RIA firms will eventually outshine Robo-Advisors 10:37 Robots cannot give people advice 11:40 What is a Robo-Advisor? 14:30 Comparing three different investment strategies 18:43 Give 90%, get 90% 19:30 AUM Model 21:43 Robots can help you invest, but not give you advice.

Summary: In this short episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel break down the do’s and don’ts to saving money quick. Tune in 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 in this Episode: Submit your questions: welcome@prosperitythinkers.com   Show Notes: 00:00 Intro 00:34 Debunking the Money Saving Section in AARP magazine 01:53 Advisors get paid when people invest money, not save it 02:19 1.Sell the shirt off your back- sell your clothes 03:49 2.Redeem U.S. Savings bonds 05:19 3.Become a dog-sitter 05:44 4. Join a Focus group-nope 07:04 Ask Book by Ryan Levesque 08:45 5. Rent out your car 10:12 6. Refer a friend as a new hire- yes! 10:45 7. Clean out your house- yes! 11:41 8. Tap Insurance- yes! Borrow against your life insurance savings 12:50 Contact us directly if you are interested in Whole Life Insurance 15:46 Listener question

Summary: In this short episode, best selling author Kim Butler and No B.S. Money Guy Todd Strobel break down the benefits and uses for an MEC (Modified Endowment Contract) versus a Single Premium Life Insurance Policy. Tune in 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 in this Episode: Submit your questions: welcome@prosperitythinkers.com Listener gift: Ebook,  Financial Planning Has Failed Kim Butler’s book: Busting the Life Insurance Lies Kim Butler’s book: Live Your Life Insurance   Show Notes: 00:00 Intro 00:20 Todd + Kim 00:33 Single Premium Life Insurance question 01:29 When Single Premium Life immediately turns into a MEC 02:44 You can borrow against Life Insurance 03:27 What a MEC is good for 04:51 Bridge Loan Investments 06:18 MEC is not a liquid asset 07:41 Underlying expenses with Life insurance 08:24 Have confidence in a dividend, not in the stock market. 09:41 Are there any particular strategies Kim would use? 10:47 If you’re more focused on a legacy, then we recommend MEC 11:23 Listener resources- Live Your Life Insurance, Busting the Life Insurance Lies 12:20 Listener gift- Financial Planning Has Failed, ebook partners4prosperity.com/ebook