The Prosperity Podcast

Summary: Retirement planning is huge in the financial industry! But is it actually a good idea? Today our hosts, best selling author Kim Butler and no B.S. money guy Todd Strobel sit down to talk about the idea of “planning your retirement” and why you should avoid it all costs. They discuss the harms of trying to plan your financial future, and the alternatives to financial planning that provide the most financial security and return. Tune in to find out how to take control of your finances today. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!   Links in this Episode: Financial Planning Has Failed Ebook Busting Interest Rate Lies   Show Notes: 00:00 Intro 00:42 Discussing the Concept of Retirement 03:02 What's Wrong With "Planning" Retirement 06:44 What Can You Do Instead of Retirement? 08:51 How Crucial It Is to Save 09:50 Resources 10:39 Why Financial Decisions Should Be Simple & Made By You 11:41 Outro

Summary: What’s so great about compound interest? Our hosts Kim Butler and Todd Strobel think not as much as you think. For today’s podcast, we sit down to discuss more financial planning industry lies - this time lies about compound interest. They talk about the importance of opportunity cost, how compounding is making problems worse, and how to be smart with your taxes and investments. Tune in to find out how to take control of your finances today! If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!   Links in this Episode: Financial Planning Has Failed Ebook Busting Interest Rate Lies Dalbar   Show Notes: 00:00 Intro 00:54 Lies that the Financial Planning Industry Promotes 01:07 What's So Great About Compound Interest? 02:53 The Importance of Opportunity Cost 05:51 Compounding is Making the Problem Worse 09:56 Being Smart With Taxes & Investments 13:00 Different Types of Investment & Savings Vehicles 15:06 Outro

Summary: Today our hosts, best selling author Kim Butler and No B.S. money guy Todd Strobel continue to talk about lies and myths within the financial planning industry! They discuss the fallacy of the “average” rate of return, and explain why no one actually receives this amount. They also talk about the difference between savings, investments...and gambling. Tune in to find out how to take control of your money today!   If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!   Links in this Episode: Financial Planning Has Failed Ebook Busting Interest Rate Lies Dalbar   Show Notes: 00:00 Intro 00:38 More Financial Planning Myths & Lies 00:48 An Average Rate of Return Versus An Actual Return 04:12 Why You Should Never Store Wealth on the Stock Market 05:32 Why Do People Think Stocks are the Only Investment? 09:13 Why a Higher Rate of Risk Does Not Produce a Higher Rate of Return 11:06 What Else Can You Invest in Other Than Stocks? 13:15 Resources 15:03 Outro

Summary: Should you be prepaying your mortgage or getting a 15 year mortgage instead of a 30 year mortgage? Today our hosts best selling author Kim Butler and co-host Todd Strobel sit down to tackle one of the most pervasive lies in the financial industry: you should be trying to pay down your house as soon as possible. They talk about the flaws that home equity has as an asset, alternative places to store your money, and the value of peace of mind. Tune in to find out how to take control of your finances today! If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!   Links in this Episode: Financial Planning Has Failed Ebook Busting Interest Rate Lies   Show Notes: 00:00 Intro 00:44 Prepaying Your Mortgage & 15 Year Vs. 30 Year Mortgages 01:41 Why Prepaying Your Mortgage is Not the Answer 02:30 Why Home Equity May Not Be the Right Asset for You: The CLUE Test 06:27 What About Interest? 08:24 Busting the Interest Rate Lies 09:39 The Times When Peace of Mind Overrides the Financial Decision 10:32 How to Compare a 30 Year to a 15 Year Mortgage 14:32 What is a "Run Rate" 15:39 Resources 16:34 Outro

Summary: Today our hosts, No B.S. money guy Todd Stroble and best-selling author Kim Butler talk about the financial planning lie of “buying term and investing difference”, why this concept is fallacious and what some good alternatives are. Tune in to find out how to take control of your money today!   If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!   Links in this Episode: Financial Planning Has Failed Ebook CreateSpace   Show Notes: 00:00 Intro 00:24 Addressing More Financial Planning Lies 00:32 Buying Term & "Investing the Difference" 02:11 What is the Most Profitable Product to the Life Insurance Agent and Company? 06:01 Why Whole Life Insurance is Better for the Client than Term Insurance 07:32 99.5% of Life Insurance Premiums Never Pay a Death Benefit 11:24 Using Insurance As a Savings Equivalent 11:37 Why Not all Term Policies Are Equal 14:45 Resources for Listeners 16:39 Outro

Summary: How much of the typical financial planning “wisdom” is actually a lie? Today our hosts best selling author Kim Butler and co-host Todd Strobel sit down to try and unpack some of the most common lies in the financial industry. They discuss whether bonds are actually a safe place to store your money, and whether or not “savings” and “investments” are the same thing. Tune in to learn how to take control of your money and your financial future. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!   Links in this Episode: Financial Planning Has Failed Ebook CreateSpace   Show Notes: 0:00 Intro 0:42 List of Financial Planning Lies 2:37 Lie #1: Saving & Investing Are The Same Thing 6:34 When You Should Be Saving vs. Investing 13:06 Lie #2: Bonds Are the Place to Store Your Safe Money 19:10 Cash Value of Whole Life Insurance as a Safe Place for Money 20:40 Outro

Summary: Today on the Prosperity Podcast, best selling author Kim Butler and co-host Todd Strobel tackle a tough but important question: how to teach your kids about Prosperity economics & finances. They talk about how our own attitude about money can affect our children, and how to install in them the positive values of hard work and perseverance. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!   Links in this Episode: Financial Planning Has Failed Ebook Prosperitypeaks.com (Website for Consumers) Prosperityeconomicsadvisors.com (Website for Advisors) Kim Butler’s Amazon Author Page   Show Notes: 0:00 Intro 0:27 How Do You Introduce the Principles of Prosperity Economics to Your Children? 3:10 Stop Limiting Thinking to Show a Prosperity Mindset 8:01 Using Money to Teach Values 10:09 What About Allowances? 14:39 Supporting the "How" Around Prosperity Economics 16:38 The Concept of Giving Away Money 18:18 Resources for Learning About Prosperity Economics 19:33 Outro

Summary: Today on the Prosperity Podcast one of our hosts, No B.S. Money Guy Todd Strobel sits down to discuss best selling author’s Kim Butler’s background and goals. Kim and Todd talk about Kim learning about money, finances, and hard work at early age when her father bought her a cow! They also discuss how she became a financial advisor, and when she realized typical financial planning was not working for her clients. If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!   Links in this Episode: Financial Planning Has Failed Ebook Prosperitypeaks.com (Website for Consumers) Prosperityeconomicsadvisors.com (Website for Advisors) Kim Butler’s Amazon Author Page   Show Notes: 00:00 Intro 00:35 Who is Kim Butler, Where Did She Come From, Why Did She Decide to Be Where She is Today? 01:22 What's Your Background, Where Did This All Start? 09:24 Taking Personal Responsibility Once You Know the Truth 12:23 What is Your Goal? 15:28 Outro

Summary: What is the Prosperity Economics Movement, and where is it going? Today the hosts of the Prosperity Podcast, best-selling author Mary Juetten and No B.S. Money Guy Todd Strobel sit down to discuss the movement that Kim started. They talked about why she named it the prosperity economics movement, what it’s for, and where they think it’s going. Tune in to find out how you can take control of your finances and achieve prosperity for you and your family! If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!   Links in this Episode: Financial Planning Has Failed Ebook Prosperitypeaks.com (Website for Consumers) Prosperityeconomicsadvisors.com (Website for Advisors)   Show Notes: 00:00 Intro 00:32 Kim Butler's Non Profit Movement 00:46 The Prosperity Economics Movement 02:11 Typical Financial Planning 04:11 Why "Prosperity" and "Economics" 07:10 The Concept of Abundance 08:48 Where is Prosperity Economics Going? 13:00 Outro

Summary: Today our hosts, best-selling author Kim Butler and No B.S. Money Guy Todd Strobel sit down to talk about the company that Kim started, Partners for Prosperity. They discuss the meaning of the company’s name, it’s purpose, their philosophies as advisors, and the importance of keeping curious & taking baby steps. Tune in to find out more about how to take control of your financial future and ensure yourself and your loved ones prosperity! If you would like the opportunity for us to answer your question on the show or to be a guest on our show, be sure to keep sending us questions and reach out to us!   Links in this Episode: Financial Planning Has Failed Ebook   Show Notes: 00:00 Intro 00:33 Partners For Prosperity: Where The Company Came From & What It Stands For 01:05 The Origin of the Name "Partners for Prosperity" 02:30 The Purpose of Partners For Prosperity 05:04 Are You A Better Advisor Today Than A Year Ago? 08:14 Asking Questions, Keeping Curious, and Taking Baby Steps 12:32 Resources for Listeners 14:17 The Importance of An the Opportunity Aspect of Building Cash 16:55 Outro