The Prosperity Podcast

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about different alternative investments, debunk some common myths and explain what should be the foundation of all 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 Introduction 00:28 Today’s topic: How To Appreciate the Alternatives 01:41 How Kim and Todd started in the alternative investment arena 04:20 What most people think alternative investments are 05:30 Real estate investment trusts vs bridge loans 08:10 Should you be in life settlements or bridge loans? 09:40 Why cash value life insurance is your financial foundation 11:52 Hear Kim’s story at www.partners4prosperity.com/ebook

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about the invisible workload for women and the statistical differences between men and women and how it has an affect on finances and long term wealth and health. 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 Book Live Your Life Insurance - http://liveyourlifeinsurance.com Submit your questions hello@partners4prosperity.com   Show Notes: 00:00 Introduction 00:29 Today’s topic: The Invisible Workload For Women 01:25 Should we look at women and finances differently than we do men? 03:20 What happens when women become long term caregivers? 05:43 Utilizing a life insurance death benefit 08:12 Children buying policies on their parents for long term care 11:20 Comparing the statistical differences between men and women 13:15 Book on life insurance http://liveyourlifeinsurance.com/ 17:24 What do you do with your free time?

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel review a recent article from JP Morgan titled: 7 Principles for Successful Long Term Investing. Together they cover each principle to see if it is aligned with the 7 Principles of Prosperity. 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: Article on JP Morgan website Listener gift - Financial Planning Has Failed book and audiobook Submit your questions hello@partners4prosperity.com   Show Notes: 00:00 Introduction 00:30 Today’s topic: 7 Principles for Successful Long Term Investing 01:20 #1 Plan on living a long time 02:38 #2 Cash isn't always king 03:10 #3 Harness the power of dividends and compounding 04:37 #4 Avoid emotional biases by sticking to a plan 06:29 #5 Volatility is normal; don’t let it derail you 07:58 #6 Staying invested matters 08:53 #7 Diversification works 15:37 Free ebook and audiobook - www.partners4prosperity.com/ebook

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about different problems with pensions and answer listener questions. In this episode they talk about the changing timetables with pensions and what to do to protect and build your wealth. 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: Free ebook - www.partners4prosperity.com/ebook Listener gift - Financial Planning Has Failed book and audiobook Submit your questions hello@partners4prosperity.com   Show Notes: 00:00 Introduction 00:31 Today’s topic: Problems with Pensions 01:19 Understanding defined contribution plans 03:55 Explaining older style defined benefits plans 04:38 The history of pensions 07:10 How underfunded pensions are affecting all of us 10:38 Pension funds changing timetables and payments 11:21 The best way to get good results with your finances is to take care of them yourself 12:50 The 3 legged stool of: Social Security, Pensions and Savings 14:58 Gift for listeners: Financial Planning Has Failed book and audiobook 16:06 Listener question #1 - Start now or later to draw from your pension? 18:56 Listener question #2 - Taking a lower amount or higher amount from a pension to protect your spouse?

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel take on a listener question where Ben asks if one should use a policy loan to pay for a vacation and other expenses. 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: Free ebook - www.partners4prosperity.com/ebook Book recomendation - Live Your Life Insurance Submit your questions hello@partners4prosperity.com   Show Notes: 00:00 Introduction 00:32 Today’s topic: Listener Question 02:17 Here’s what to do if you truly want to be your own bank 04:08 Why it’s important to be borrowing to invest no borrowing for consumption 06:41 Using convertible term policies 09:00 The typical rate of return for dividends on an insurance company 10:30 Book recomendation: Live Your Life Insurance 11:38 Easiest way to start saving 20% of your gross 13:29 Save 10% more by looking at your taxes or creating a home based business

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel review a case study of an accredited investor. This case study is of a 60 year old doctor with a salary of $175,000 and has CD’s, savings and other investments. 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: Free ebook - www.partners4prosperity.com/ebook Submit your questions hello@partners4prosperity.com   Show Notes: 00:00 Introduction 00:30 Today’s topic: Accredited Investor Case Study 01:25 Cashflow issues don’t go away - they just get bigger zeros 02:29 Do your expenses really go down when you retire? 03:28 Case study: 60 year old doctor with a salary of $175k 04:38 Applying the 7 Principles of Prosperity 05:44 The mantra - Go slow and start small 07:57 Getting CD’s and cash to create income 11:39 What happens when interest rates go up? 14:49 Is it crazy to buy insurance when you’re 60? 17:06 What to do if you can’t qualify for life insurance? 18:37 Giving life insurance policies to children 19:22 What to do if you’re concerned with the stock market? 21:26 The biggest fear can be inflation 22:28 How much time does a person need to invest in this process?

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel cover a case study from a listener that we’ll call CY. Kim and Todd talk about different options and strategies for a 40 year old female that is a medical professional who owns her own business. 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: Free ebook - www.partners4prosperity.com/ebook Submit your questions hello@partners4prosperity.com   Show Notes: 00:00 Introduction 00:29 Today’s topic: Crisis of Conscience 01:18 Todd explaining CY’s background and finances 06:35 Kim tackling each line item 08:37 Gross vs net returns 12:11 Converting life insurance policies 13:01 It’s more important to receive consistent positive returns over time than it is to be tied to an index 14:24 What is real financial freedom? 19:25 How easy is it to get access to your equity in your rental properties?

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about Part 4 of the case study featuring a couple earning $45,000 each a year. This episode specially talks about car buying and strategies to save money on the purchase and loan. 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’s book - Busting the Retirement Lies Submit your questions hello@partners4prosperity.com Truth Concepts Calculator www.truthconcepts.com   Show Notes: 00:00 Introduction 00:30 Today’s topic: Case Study - Part 6: Couple Earning $45k Each a Year 01:31 In this case study the couple is almost 30 and got $5k annual raises put into their 401k’s 02:40 Kim explaining the true numbers behind the 401k match vs max 06:23 The real reason why employers offer a 401k plan 07:24 How to increase the rate on your qualified plan without changing any of the investments 10:16 The true risk of a 401k vs a life insurance plan 11:01 The only product that has a guaranteed cash value dollar figure 12:02 Getting access to cash value life insurance 14:00 PUtting focus on boring but effective strategies 15:24 Free audiobook and ebook Financial Planning Has Failed

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about a recent interview Kim participated in called: Crisis of Conscience. They talk about how there are many misunderstanding and things that are incorrect in the financial services industry. 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: Free ebook - www.partners4prosperity.com/ebook Submit your questions hello@partners4prosperity.com Truth concepts calculator - www.truthconcepts.com   Show Notes: 00:00 Introduction 00:30 Today’s topic: Crisis of Conscience 02:03 The missing parts behind the securities industry 03:15 Why Kim pulled all of her money out of the stock market 05:31 Getting full disclosure of all fees 06:18 With such low interest rates it’s heartbreaking for people to save and only see the money they’ve put in 06:53 The advantages of using alternative investments that provide specific cash flow and dedicated growth 07:55 There’s a concrete a specific path towards prosperity 09:18 Spending time at the philosophy level and changing limiting beliefs 09:53 Free ebook www.partners4prosperity.com/ebook

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about Part 5 of the case study featuring a couple earning $45,000 each a year. This episode Kim and Todd talk about the couple going through the homebuying process. 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’s book - Busting the Interest Rate Lies Submit your questions hello@partners4prosperity.com Truth concepts calculator - www.truthconcepts.com   Show Notes: 00:00 Introduction 00:29 Today’s topic: Case Study - Part 5: Couple Earning $45k Each a Year 02:03 Using the cash value life insurance to avoid the private mortgage insurance 03:07 15 year vs 30 year mortgage 05:32 How do you think and feel if you don’t have any savings? 06:07 Where you would want to put your extra money 07:10 Understanding the time value of money 07:54 You can’t eat equity, Why prepaying your mortgage isn’t always the best option. 08:25 Sometimes it’s better to take a 15 year with higher payments 10:10 Why you want to have control over the equity 11:03 The correct way to measure the 15 year vs 30 year mortgage 12:49 Video explanation of Busting the Interest Rate Lies by emailing hello@partners4prosperity.com