The Prosperity Podcast

Your host No B.S. Money Guy Todd Strobel talks with Jimmy Vreeland from Joint Ops Properties. Together they discuss lease option real estate investments and what is currently happening in the investment real estate market. 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.

Summary: Listen to your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about the downside of financial planning and how to create a better financial future by following 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: Get the free ebook and audiobook - Financial Planning has FAILED Submit your questions hello@partners4prosperity.com Show Notes: 00:00 Introduction 00:30 Today’s topic: Why We Don’t Do Financial Planning 01:06 What do you do instead of financial planning? 02:25 A business plan should be no longer than 3-5 years, yet we’re still trying to plan our lives financially in 30-40 year increments. 03:25 Why Todd doesn’t do financial planning 05:45 Averages do not equal actual dollars. Don’t believe in the assumptions. 07:12 Principles are more effective than planning 07:51 Looking at the 7 Principles of Prosperity 08:27 When you get serious about handling your finances is when you want to start your savings program 10:22 The history of financial planning in this ebook www.partners4prosperity.com/ebook

Summary:  In this episode your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about getting all the profits from a mutual life insurance company and the differences between a mutual life insurance company and a traditional stock company. 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 00:30 Today’s topic: How Can There Be More Than All? 00:44 Getting all of the profits from a company you are working with 02:20 Todd explains how you get all the profits from a mutual life insurance company 03:44 The difference between a mutual life insurance company and a bank 04:22 Dividends are paid to policyholders 06:32 Why life insurance companies continuously pay dividends even when other institutions fail 09:11 How long can life insurance companies stay in business under their current model? 10:34 As a business owner do you want to be involved in something for the short run or long run? 11:42 Comparing a dividend payment from a mutual life insurance company from a regular stock company 14:34 Index policies have caps and expenses and they’re not something for nothing

Summary: Business owners are constantly thinking of how to grow their business and that is often tied to raising capital. Today, Kim Butler and No B.S. Money Guy Todd Strobel share different strategies on how to use whole life insurance to grow a business. talks with guest Sam Denton from Denton Wealth Strategies. Together they approach the topic of student loan debt with a focus on the best ways to help medical professionals tackle their student loan debt. 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 00:29 Today’s topic: How To Use Whole Life In Your Business 01:00 Walt Disney and Ray Kroc both used life insurance in their businesses 03:04 Real Estate and construction companies using whole life to grow their business 05:04 How borrowing against the life insurance doesn’t impact the growth 06:29 How to get business loans even when you don’t have a tradional credit line 07:57 The effectiveness of the cash value continuing to grow when borrowing against it 09:09 Direct recognition vs non direct recognition and what it means 11:06 Within the next 7 years will there be an opportunity to grow or save your business with an injection of cash? 12:31 Kim’s opinion on buying life insurance policies on employees 13:55 Setting up a 401k company match vs insurance policies

Summary: In this special episode No B.S. Money Guy Todd Strobel talks with guest Sam Denton from Denton Wealth Strategies. Together they approach the topic of student loan debt with a focus on the best ways to help medical professionals tackle their student loan debt. 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 www.dentonwealthstrategies.com/debtreduction www.studentdebtloanhero.com     Show Notes: 00:00 Introduction 00:24 Special guest interview with Sam Denton of Denton Wealth Strategies 03:16 Over 43 million people have student loan debt with many doctors over $180k 05:11 The first step is to start saving and be in control of your money 07:04 Offensive and Defensive approach to student debt 09:19 Understanding the difference between inflationary vs non inflationary 11:22 How the student loan bubble will impact our economy 12:39 Why Doctors can benefit the most from approaching student loan debt correctly 14:51 Visit www.studentdebtloanhero.com and www.dentonwealthstrategies.com/debtreduction

Your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about different strategies and benefits to having savings. Kim shares her family savings plan and together they discuss how to create the discipline of savings. 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.

Summary: Today your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about the money myth of borrowing against life insurance without ever intending to pay it back. In this episode you’ll see the power of life insurance loans and get an idea on how you could use this financial vehicle in your 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     Show Notes: 00:00 Introduction 00:28 Today’s topic: The money myth of borrowing against a cash value life insurance policy without intending to pay it back. 01:59 How the strategy of not paying off cash value policies came about 04:27 What happened in 2008 that changed how we look at cash value policies 05:57 Why life insurance loans are so attractive 07:08 The shocking difference between taking a loan from a bank and borrowing against life insurance 09:18 Real Estate fix and flip case study example 10:49 How opportunity will seek you out if you have a position of cash 11:26 Should you overfund a life insurance policy if you have a lot of credit card debt? 14:04 Resources for more information about life insurance loans at www.partners4prosperity.com/ebook

Summary: With the negativity of news it feels like our current economic situation is all doom and gloom, but is it? In today’s episode Kim Butler and No B.S. Money Guy Todd Strobel sit down and talk about the things we can control and the actions we can take. They dive into 401k options and even talk about food storage and growing food with heirloom seeds. 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 Website www.essentialseeds.us for heirloom seeds   Show Notes: 00:00 Introduction 01:16 Today’s topic: What can we control and what should we worry about? 01:49 You can control your thinking and actions which direct your finances 02:15 How to stop worrying about the stock market 02:50 Ask your 401k provider about an in-service withdrawal 03:55 Employment concerns in this current economy 04:47 How to make yourself more valuable in the marketplace 07:32 Tips Kim learned from Elon Musk’s book 09:01 The advantages of reading books and listening to podcasts 10:53 Are you worried about the Federal Reserve? Here’s what to do. 13:29 Listeners help: What ideas do you have about revitalizing a neighborhood for neighborhood food growing?

Summary: Your hosts Kim Butler and No B.S. Money Guy Todd Strobel talk about a case study of a 51 year old female who owns real estate, has some cash on hand and is making decisions on what to do with her money for the remainder or her 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     Show Notes: 00:00 Introduction 00:29 Today’s topic is the Great American case study 01:42 Case Study of 51 year old female 03:15 To get a clear picture you need to determine your longevity and health 04:33 Determine your risk tolerance to get an idea of your rate of return 05:53 The #1 rule is we must protect principle 06:03 The #2 rule is we must grow investments higher than inflation 06:54 Tips so you don’t erode principle 07:52 Specific recommendations for this American case study 09:09 Setting aside an emergency and opportunity fund 11:05 Taking $5,000 per year of the $50k fund and put it into a whole life policy 12:26 What to expect with the death benefits

Summary: In this episode Kim Butler and No B.S. Money Guy Todd Strobel sit down and talk about another financial myth that even affects some financial advisors. Kim and Todd share the 3 mistakes people make around the calculations of 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: Grab your free ebook Busting the Interest Rate Lies for more details Submit your questions hello@partners4prosperity.com   Show Notes: 00:00 Introduction 00:30 Today’s topic is addressing the Financial Myth - Finding Miscalculations 02:09 The 3 mistakes people make around the calculations of finances 02:34 Mistake #1 - Trying to Make Financial Calculations with a Traditional Calculator 03:39 Look for additional calculator functions that provide future value, present value, time, rate and payment 07:17  Mistake #2 - Time Value of Money 07:42 Anytime you have dollars doing anything greater than one day's work you have a time value issue 09:14 Time value of money is essentially applying an interest rate to your calculation 10:43 For more information on how this works look at the ebook: Busting the Interest Rate Lies 10:51 Mistake #3 - Misunderstanding and Misstating Timeframes