The Prosperity Podcast

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about how your cash value life insurance grows and how to get an accurate long term view by comparing it to bank rates. 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 Kim’s latest book Busting The Life Insurance Lies Quick read Live Your Life Insurance Free financial calculators at Truth Concepts   Show Notes: 00:00 Introduction 00:28 Today’s topic: Whole Life Insurance and How Your Cash Value Grows 01:06 The whole life cash value is the perfect emergency fund 02:36 Kim’s newest book Busting The Life Insurance Lies talks about calculating internal rate of return on page 228 in the book 05:25 If you look at whole life companies website you’ll see a gross dividend around 6% which is irrelevant because fees are not factored in 07:39 Your cash value should be looked at when viewed over time, not 5 to 7 years 09:00 The rule of thumb is cash value whole life insurance grows at 2-3 points above bank rates 10:05 What happens when interest rates come up on CD’s? 10:46 When purchasing life insurance you’re purchasing an asset 12:25 Books: Live Your Life Insurance and Busting The Life Insurance Lies to learn more 13:30 Financial calculators at Truth Concepts

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel share different morning health habits that will help you live a more happy and prosperous life. 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 Tim Ferriss’s new book Tools of Titans Miracle Morning by Hal Elrod The Path to Wealth by May McCarthy The new coffee phenomenon Bulletproof Coffee   Show Notes: 00:00 Introduction 00:31 Today’s topic: Morning Health Habits 01:40 Tips in the book Tools of Titans by Tim Ferriss 02:39 Todd’s advice is to live a life in balance 04:24 Kim shares the book Miracle Morning by Hal Elrod 05:32 Book: The Path to Wealth by May McCarthy 07:27 Todd’s tip is to lay The Bible in the kitchen so you can do “Bible Nibbling” 08:18 Play the gratitude game while you’re waiting and notch it up one by adding the spiritual or inspired aspect of the item 09:40 Get outside and enjoy the fresh air 11:11 Todd’s advice is: ADIO - Healing comes from Above, Down, Inside your body and Out 12:38 Put fuel in your body every morning 13:28 Todd Langford uses Bulletproof Coffee and Protein 16:55 Drink enormous amounts of water especially first thing in the morning 17:17 Make sure you laugh at least 30 minutes a day to release healing chemicals

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about the books they are currently reading and share insights on how to get the most out of reading and thinking more clearly. 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 Books Kim and Todd are reading: Jump by Steve Harvey The Other Side of the Coin by Will Duffy The Noticer by Andy Andrews Success for Teens by John Fleming Essentialism by Greg McKeown The End of Average by Todd Rose   Show Notes: 00:00 Introduction 00:31 Today’s topic: Kim and Todd’s favorite books 01:59 Why reading books help develop thought more thoroughly 03:27 Todd is reading Jump by Steve Harvey 05:04 Quick tip: Get the sample of the book on your kindle to see if you like it 05:43 Kim is reading The Other Side of the Coin by Will Duffy 10:35 Kim is also reading The Noticer by Andy Andrews 12:34 Another book Kim is reading Success for Teens by John Fleming 15:01 Kim is also reading Essentialism by Greg McKeown 15:52 The last book Kim mentions is The End of Average by Todd Rose 17:56 Book Giveaway: Financial Planning has FAILED get it at www.partners4prosperity.com/ebook

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about auto financing and the advantages of buying vs leasing. They also share how to avoid the traps car dealers lay out when financing a car. 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   Show Notes: 00:00 Introduction 00:34 Today’s topic: Financing Your Vehicles 01:46 Different ways to reduce the amount of money you spend on cars 02:50 Understanding rebates and 0% financing 03:55 Why car dealers add the interest to the total price but call it 0% interest 05:11 How to get the true price of the car 07:31 A negotiation tip to get the best price 08:15 We want dealerships to be profitable but transparent 09:06 Deductions from leasing a car 10:59 How often should you trade vehicles and get new cars 12:12 Absolutely make sure you have high deductibles for lower premiums 12:50 When leasing a vehicle be careful about overage on your mileage 13:20 Accounting tip for your deductions

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel answer a listener question and share strategies on creating family financial liquidity and decisions to make with college education. 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 Live Your Life Insurance - ebook Busting The Life Insurance Lies - ebook   Show Notes: 00:00 Introduction 00:33 Today’s topic: Listener questions answered by Kim Butler 02:21 Case study: 45 year old couple with $80,000 annual income 04:05 It so important for families to have liquidity because it’s flexible 06:44 When does it make sense to increase contributions to a 401k 10:05 What options you have when your child doesn’t want to go to college 14:45 What to do when a 401k is not matched 16:32 Kim’s favorite place to begin savings

Summary: In this episode your hosts Kim Butler and co-host No B.S. Money Guy Todd Strobel answer another listener question. They take on a case study of a 70 year old with $1.5 million in the stock market and talk about beating inflation. 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   Show Notes: 00:00 Introduction 00:58 Today’s topic: Case Study of a 70 Year Old With $1.5 Million In The Stock Market 02:42 Why the stock market isn’t a good choice as your emergency opportunity liquid account, growth account or income account 03:52 First thing is to divide the money up and create an emergency opportunity fund 05:45 Strategy for passing money to the next generation without tax implications 07:23 Ideas for getting more monthly income 09:39 In this case study the number one long term problem is beating inflation 11:10 A million dollars is not a million dollar anymore 12:00 Longevity is another challenge because money didn’t have to last as long when we died at age 65

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel take another listener question and create a case study of a 25 year old. They discuss the two most important financial strategies for people early on in their careers. 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 The Surprising Business Financing Secret of Top Entrepreneurs blog post Submit your questions hello@partners4prosperity.com   Show Notes: 00:00 Introduction 00:30 Today’s topic: 25 Year Old College Graduate Case Study 01:33 Saving money is the first thing to do 02:42 The best way to get in the habit of paying yourself first 04:27 Advantages of starting early with your savings and policies 05:19 Strategies for rolling over your 401k into a self directed IRA 08:13 The two most important financial strategies for a 25 year old 09:43 Growing wealth through life insurance 10:59 Grab the Prosperity Accelerator Pack at www.partners4prosperity.com/ebook

Summary: Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel cover a listener question of what to do when you have a million dollars. They give several case studies on how to protect the money and what to do with it to make it grow. 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 email subject line: Million Dollar Podcast   Show Notes: 00:00 Introduction 00:38 Today’s topic: 1 Million Dollar Question 02:41 Listener question of what to do with your first million 03:25 What does it mean to be a millionaire? 05:55 How much debt you should pay off if you had $1M 07:03 After inefficient debt is paid off there is something more important to do before you invest 08:43 How to protect yourself by buying your own disability coverage 10:01 Taking advantage of your insurance policy while still alive 10:50 Create extra cashflow and save it to protect yourself from emergencies 11:59 Does it make sense to put money in an annuity? 14:17 The argument of net worth vs cash flow 16:01 Putting money into life settlements 17:09 If you want more information on how to use cash flow from life insurance, bridge loans or life settlements email hello@partners4prosperity.com with the subject line: Million Dollar Podcast 18:21 Case study for a 59 ½ year old 19:45 Inflation is one of the biggest detriments for retirees. Kim explains how to beat inflation.

Summary: Kim Butler and No B.S. Money Guy Todd Strobel talk about how to separate information from wisdom and the critical step of taking action and avoiding analysis paralysis. 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 Show Notes: 00:00 Introduction 00:32 Today’s topic: Real, Raw and Relevant 01:05 A lot of people are sitting on the fence with estate planning and investments 01:24 It’s so important that we take action and avoid analysis paralysis 04:03 How to separate information from wisdom 06:08 Special gift for podcast listeners Financial Planning has FAILED ebook 07:53 The 3 components in the alternative investment space 09:35 Let’s start feeding our brains with mental nutrition 14:02 There’s a much better use of time than worrying about what will happen in the marketplace 16:21 The Partners 4 Prosperity structure requires us to put the client's best interest first

Summary: Your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about a Money Magazine article that addresses saving, investing, and career moves that applies to couples of all ages. Together they talk about 401k’s, paying off mortgages, and creating independence for 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.