The Prosperity Podcast

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   Show Notes: 00:00 Introduction 00:30 Today’s topic: Case Study - Part 4: Couple Earning $45k Each a Year 02:17 Starting off with the 7 Principles of Prosperity 03:04 Thinking from a prosperous mindset 04:06 Todd says to “assume nothing” 05:09 See the big picture 07:37 Identifying opportunity costs 10:00 Cashflow: In and Out 12:23 You maintaining control over your own money 13:34 Moving money through assets 14:04 Getting a multiplier effect 19:22 Get a video explanation by emailing hello@partners4prosperity.com 21:09 Book - Busting the Retirement Lies

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about a recent article and quiz from AARP magazine. Todd asks Kim the quiz questions to see if she is a spendthrift or a skinflint. 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 and audiobook - Financial Planning has FAILED AARP article Do You Have Cheap Genes Submit your questions hello@partners4prosperity.com   Show Notes: 00:00 Introduction 00:30 Today’s topic: AARP Quiz - Are You a Spendthrift or a Skinflint? 02:05 Todd asking Kim the quiz questions 07:20 Results to Kim’s quiz questions 08:04 Having a saving account gives you freedom to spend money on the things that are important to you 10:42 Freedom allows you to make decisions based on what you want not what you can and cannot afford 13:18 Finances are the #1 stress in individual lives and the media is the #1 incorrect source of incorrect information about finances 14:14 People deserve to have the whole truth about their financial decisions and that lessens stress

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel share tips about organizing 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: Kim’s book and audiobook - Financial Planning has FAILED Submit your questions hello@partners4prosperity.com   Show Notes: 00:00 Introduction 00:30 Today’s topic: Organization Your Finances 01:12 Preparing before you take action 03:29 Why it’s important to take time to get organized with your finances 04:33 Managing the emergency and opportunity money 05:04 Many people are unorganized with their IRA’s and 401k’s 07:15 What Kim does to get prepared for her taxes 09:53 Is a tax refund a good thing? 12:52 A financial advisors role in many cases is to make the dollars you already have more efficient without sacrificing lifestyle 14:14 Kim’s gift of an ebook and audiobook - Financial Planning has FAILED

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about Part 3 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 Interest Rate Lies Submit your questions hello@partners4prosperity.com Truth Concepts Calculators - http://truthconcepts.com   Show Notes: 00:00 Introduction 00:28 Today’s topic: Case Study - Part 3: Couple Earning $45k Each a Year 01:20 Making the decision to buy a $35,000 car with 0% financing 02:39 The price of a car has added costs that most consumers don’t realize 05:32 For the best rate and price get letter from a credit union or local bank 06:22 The golden question is: What is the price if I pay all cash? 08:56 How buying a 1-2 year old vehicle saves a lot on your costs 09:43 Car ownership will be completely changed by 2025 in urban areas 12:28 Listener question: Using a home equity line of credit to purchase a car 13:43 Kim’s book Busting the Interest Rate Lies

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about transitioning from a WE Economy to a ME economy and how we can apply this knowledge to our current 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 hello@partners4prosperity.com and we may answer it in an upcoming episode.   Links in this Episode: Get the free ebook and audiobook - Financial Planning has FAILED Submit your questions hello@partners4prosperity.com Truth Concepts Calculators - http://truthconcepts.com   Show Notes: 00:00 Introduction 00:28 Today's’ topic: Transitioning from a WE Economy to a ME Economy 03:23 Why it’s a good thing to be self interested and take responsibility 05:18 Our primary asset is our ability to take care of ourselves and earn an income 07:03 The people that are getting good results have a good ME economy and WE economy 09:08 You need to achieve balance between the two 10:47 Tips for millennial to have less stress and more success 14:14 Gift for listeners - Financial Planning has FAILED

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel go through Part 2 of a case study involving a married couple where each is making $45,000 and the wife has a whole life insurance policy from her parents. 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: Get the free ebook and audiobook - Financial Planning has FAILED Submit your questions hello@partners4prosperity.com Truth Concepts Calculators - http://truthconcepts.com   Show Notes: 00:00 Introduction 00:28 Today's’ topic: Case Study - Part 2: Couple Earning $45k Each a Year with a Life Insurance Policy 01:34 Talking about the borrowing strategies calculator and how it affects growth 02:40 Borrowing against the cash value life insurance 03:51 The maximum potential calculator 05:50 Buying term insurance 09:19 Getting a liability umbrella 11:32 Strategy for savings 13:10 Instead of Maxing out your 401k you should Match it out

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel go through a case study involving a married couple where each is making $45,000 and the wife has a whole life insurance policy from her parents. 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: Get the free ebook and audiobook - Financial Planning has FAILED Submit your questions hello@partners4prosperity.com Truth Concepts Calculators - http://truthconcepts.com   Show Notes: 00:00 Introduction 00:28 Today's’ topic: Case Study - Couple Earning $45k Each a Year with a Life Insurance Policy 02:28 Should she continue paying on a whole life policy? 03:34 Understanding what your real debt and payment terms are 05:33 Getting an inforce illustration from the policy 06:52 Why you can’t compare cash value life insurance to the stock market 08:30 What is the death benefit? 09:30 Understanding the funding calculator 10:44 Explaining inforce illustration 11:58 Busting the Life Insurance Lies table G has a picture of the calculator

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about a recent article that highlights the rise of digital currency and the growing trend of blockchain capital. 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: Get the free ebook and audiobook - Financial Planning has FAILED Submit your questions hello@partners4prosperity.com Article - The Coming Abolition of Cash   Show Notes: 00:00 Introduction 00:38 Today’s topic - The Coming Abolition of Cash 02:33 Why the unbanked and underbanked are opening bank accounts 04:05 The disadvantages of going to a cashless society 05:12 Who’s holding the large bills? 06:54 Demonetization, and the good that will come from it 09:18 Why the blockchain will transform how we vote, conduct business and transact 09:56 The fear of big brother becoming more involved in our lives 11:39 One of the good things that comes from more transparency is the bad guys can no longer hide 13:03 How much control do we want the government to have? 15:53 Be comfortable in a changing society

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about a recent article from Peter Diamandis called: Are You an Exponential Entrepreneur? They cover the six mindsets every entrepreneur must master. 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: Get the free ebook and audiobook - Financial Planning has FAILED Submit your questions hello@partners4prosperity.com Article by Peter Diamandis - Are You An Exponential Entrepreneur? Crowdfunding problem solving www.herox.com   Show Notes: 00:00 Introduction 00:30 Today’s topic: Are You an Exponential Entrepreneur? 03:27 Understanding how to make technology work for you 04:21 Even if you’re on the right track you’ll get run over if you’re standing still 04:39 The 6 mindsets and tools every exponential entrepreneur needs to master 04:49 Mindset #1 - You Must Understand Exponentials 06:11 Mindset #2 - You See the World as Abundant (vs. Scarce) 08:45 Mindset #3 - You Leverage Exponential Technologies 09:51 Mindset #4 - You Have an MTP and a Moonshot 13:50 Mindset #5 - You Tap the Crowd for Expertise, Solutions & Capital 15:30 Mindset #6 - You Launch Your Vision, Experiment & Disrupt Yourself

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about a recent article from AARP called The Bank of Mom and Dad. Together they discuss the different questions and scenarios when handling finances with adult children. 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: Get the free ebook and audiobook - Financial Planning has FAILED Submit your questions hello@partners4prosperity.com AARP's article from January 2017 called The Bank of Mom and Dad   Show Notes: 00:00 Introduction 00:29 Today’s topic: AARP's article from January 2017 called The Bank of Mom and Dad 01:47 Question #1 - Will this investment add stability and security to my child's life or is it simply a good to have purchase or investment? 05:22 When helping children in their 30’s and 40’s it may be causing their children problems 05:47 Question #2 - Is this a short-term or one time cash need, or is it something that could drag on for years? 06:26 Question #3 - Is there risk in the investment beyond the cash outlay, such as financial liability on a contract or damage to your credit? 8:04 Question #4 - Can you lend or give this money without fear of damaging your relationship with your child or will it cause tensions or resentments for the people involved? 12:58 The AARP scenarios 13:32 Scenario #1 - Dead Car 14:41 Scenario #2 - Fairy Tale Wedding 16:37 Scenario #3 - Apartment Lease 18:03 Scenario #4 - Home Down Payment 21:35 Scenario #5 - Divorce Bailout 23:39 Scenario #6 - Business Loans 25:05 Scenario #7 - Graduate School