The Prosperity Podcast

Summary: Best selling author Kim Butler and No B.S. Money Guy Todd Strobel offer insight on the direction the world seems to be heading- towards digital money. India did it, Australia is next, and they offer advice on what you should do if cash is eliminated in America as well. 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   Show Notes: 00:00 Intro 00:33 What has happened, and what could happen in the future 00:44 Indian gov’t banned cash- 1,000 + 500 rupee notes 01:51 Kim’s opinion on this 02:05 What if they take away the dollar? 02:55 Check off on your list what you can do 03:15 It’s already happening in Australia 03:36 Electronic money is more convenient 04:23 Bitcoin and the blockchain 05:45 Electronic money used for behavioral modification 08:37 What Todd would do in this situation 11:19 Kim’s advice about what families can do to prepare for emergencies 15:32 No problem on earth exists, without the person present to solve it. 16:02 Celebrate success and stay positive

Summary: Best selling author Kim Butler and No B.S. Money Guy Todd Strobel debate some of the financial advising tips offered by an article from the AARP magazine. This episode shows in detail how society is setting you up for financial failure, and how it’s your responsibility to swim upstream. 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: Listener Gift: Kim’s eBook Financial Planning Has Failed Submit your questions hello@partners4prosperity.com   Show Notes: 00:00 Intro 00:34 Topic: an Article in AARP magazine 00:55 How we are tricked into doing the right thing by behavioral science 01:14 Humans don’t always do what’s best for the long term 02:13 Opt-in vs. opt-out 401K plan 03:42 Investing vs. Saving 04:24 5th of the 7 Principles of Prosperity 07:23 Article talks about making saving fun 08:57 Overcoming short term thinking 11:00 New technology for Prosperity Economics 12:40 Competition- is it good? 14:48 Kim doesn’t like the envelope system except for short term savings 16:50 Seven Principles 17:30 Listener gift

Summary: Best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about how to choose a life insurance policy. One thing you’ll learn: assets aren’t everything. 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: Kim Butler’s book: Busting the Life Insurance Lies Kim Butler’s book: Live Your Life Insurance Submit your questions hello@partners4prosperity.com   Show Notes: 00:00 Intro 00:45 Topic: Two investors try to make a decision 01:55 Mutual life insurance companies by law must return 100% of their profits to their owners 05:37 Assets can be irrelevant 06:40 Most important to know: Whether a company is mutual or not, and how long they’ve been in business 08:04 Higher premium equals higher contribution to cash value 09:27 State approved policy design 10:00 Long term, all mutual companies will be the same 11:03 Is there much of a difference on state to state for premiums? 13:17 The three most important things to note 14:21 Direct recognition 15:10 Podcast for direct recognition information 15:27 Kim’s books: Busting the Life Insurance Lies, Live Your Life Insurance 17:21 Kim doesn’t just give answers but teaches you to ask the right questions

Summary: Best selling author Kim Butler and No B.S. Money Guy Todd Strobel analyze how Single Premium Life Insurance policies may not be the best choice in today’s world. 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: Kim Butler’s book: Live Your Life Insurance Submit your questions hello@partners4prosperity.com   Show Notes: 00:00 Intro 00:45 Topic: Two investors try to make a decision 01:55 Mutual life insurance companies by law must return 100% of their profits to their owners 05:37 Assets can be irrelevant 06:40 Most important to know: Whether a company is mutual or not, and how long they’ve been in business 08:04 Higher premium equals higher contribution to cash value 09:27 State approved policy design 10:00 Long term, all mutual companies will be the same 11:03 Is there much of a difference on state to state for premiums? 13:17 The three most important things to note 14:21 Does not matter if a company is direct recognition 15:10 Podcast for direct recognition information 15:27 Kim’s books: Busting the Life Insurance Lies, Live Your Life Insurance 17:21 Kim doesn’t just give answers but teaches you to ask the right questions.

Summary: Best selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about how to maintain a prosperous mindset when life (or your finances) face inevitable setbacks. Their conversation  teaches the importance of always learning, and how you should always remember to take care of yourself so that you can then give to others. 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: GrowingBolder.com : A website for inspiration Submit your questions hello@partners4prosperity.com   Show Notes: 00:00 Intro 00:33 Life is about second chances 01:16 People’s fear of future mistakes 03:00 Go slow and start small, with money and everything else 06:11 Kim’s “give first” attitude 08:11 Learning outside of your main area of focus can indirectly help that focus 10:00 “Failure is learning” 12:00 Kim’s motto: Just do something 12:43 If you plan, plan effectively 14:11 Focus on the present 14:42 Give yourself time

Summary: Best-selling author Kim Butler and No B.S. Money Guy Todd Strobel talk about Prospective Product Bloat, which is the current phenomena of having too many financial planning tools to choose from. They explain how it may be better just to simplify 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: Listener gift - Financial Planning Has Failed book and audiobook Submit your questions hello@partners4prosperity.com   Show Notes: 00:00 Intro 00:30 Prospective Product Bloat 00:45 Is complex better or just a sales technique? 01:21 Kim’s experience selling these products 02:18 Quick answer: Simple is better 03:50 Example of simplifying 04:33 Question for listeners 06:55 3 Things money should do: Be liquid, grow, create income 08:00 Bridge loan investing 10:30 Concepts should be explainable to a high school student 11:33 The client should drive the meeting 13:24 Find an advisor that will listen to you

Summary: Best-selling author Kim Butler and No B.S. Money Guy Todd Strobel debate the topic of data harvesting in the financial and health industries. They want to know: how much information is too much? And how is sharing this information helping us personally? 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   Show Notes: 00:00 Intro 00:50 Computers collect and use information 01:09 How much should financial institutions be able to collect from you? 02:07 Invasive questions 02:39 Cameras determine if you’re lying on a loan application 04:00 Financial institutions: products vs. strategy 05:27 Kim wonders if this is too much big brother, or is it valuable? 06:19 Trading information for benefits 07:16 Would less fraud help interest rates? 07:44 Question for Listeners 10:20 Amazon Alexa taking pictures 11:27 We need to find the good in technology 12:31 Opportunity of the block chain

Summary: No B.S. Money Guy Todd Strobel talks with Rick Randall about why most estate plans don’t work and together they will share a unique 3 step strategy to get your estate plan working for 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 hello@partners4prosperity.com and we may answer it in an upcoming episode.   Links in this Episode: National Network of Estate Planning Attorneys - https://nnepa.com Randall, Gentry & Pike - http://www.lifespanusa.com/ Submit your questions hello@partners4prosperity.com   Show Notes: 00:00 Introduction 00:43 Today’s topic: Why Most Estate Plans Don’t Work 01:37 The 3 step strategy to get your estate plan to work for you 03:05 You have to do two things to make a plan work 03:44 The “snapshot test” 05:25 Wisdom as well as wealth 07:15 If you already have a trust make sure you already have these things in place 10:15 How to find an attorney you are comfortable with 13:44 Does an irrevocable trust mean it can’t be fixed in the future? 16:05 Implementing the 3 step strategy for your estate plan

Summary: No B.S. Money Guy Todd Strobel talks with Rick Randall about estate planning for people with modest means of wealth. Together they will address the cost of doing a trust the wrong way and who needs to have a trust created. 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: Randall, Gentry & Pike - http://www.lifespanusa.com/public/default.asp Submit your questions hello@partners4prosperity.com   Show Notes: 00:00 Introduction 00:38 Today’s topic: Planning For People With Modest Means 01:40 How Rick came up with the Modest Means program 03:29 Why trusts are for everyone and not just the wealthy 04:14 Is it wise to purchase a trust kit online or should you meet with an attorney? 06:21 The cost of doing a trust the wrong way 09:44 Why people are putting off estate planning 15:59 Do you need an estate plan if you have less than $5 million?

Summary: No B.S. Money Guy Todd Strobel talks with Rick Randall about estate planning. Together they debunk the common myths with trusts and explain the 3 main protections that come from a trust. 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: National Network of Estate Planning Attorneys - https://nnepa.com Randall, Gentry & Pike - http://www.lifespanusa.com/public/default.asp Submit your questions hello@partners4prosperity.com   Show Notes: 00:00 Introduction 00:25 Today’s topic: Estate Planning with Rick Randall 01:18 Rick’s background 03:01 The typical client experience with estate planning 05:25 Common myths with trusts 08:09 Different types of trusts 12:51 The 3 main protections that come from a trust 16:40 At what point do you need a trust?