The Prosperity Podcast

Summary: Today’s topic is something that a lot of people might not understand completely - the multiple uses of paying life insurance premiums. Best selling author Kim Butler and No BS Money Guy Todd Strobel clarify and explain just how pay your life insurance premium works, when you can stop, what that money really does and goes toward, and the flexibility that minimum and maximum pay depositions allow. Tune in today to learn more about whole life insurance and take control of 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!   Show Notes: 0:00 Intro 0:44 Multiple Uses of Paying Life Insuraance Premiums 1:29 When Can You Stop Paying Your Premium? 2:50 What Happens When You Pay Your Premium? 6:22 The Importance of the Annual Break Even 7:55 How Premium Builds the Death Benefit 11:45 Minimum & Maximum Pay Depositions 17:34 Peace of Mind that Comes with Whole Life Insurance 18:29 Where to Go for More Information 19:18 Outro

Summary: How are you saving your money? Do you withdrawal money from your saving account, then pay yourself back later? What if you left that money in your account and let it grow and borrowed against that instead? Most people don’t figure this out until much later in life, but doing so allows you to take advantage of the value of uninterrupted compound growth. Today’s episode is a little bit more technical, but very important. Tune in to find out how to take control of your finances and keep your money safe! 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!   Show Notes: 0:00 Intro 0:39 The Value of An Uninterrupted Compound Interest Curve 2:33 The Importance of Borrowing Against Your Savings 5:21 Why It Matters What You Do With the Money 9:37 Outro

Summary: What is the value of good health? Probably not something we can measure! However, the effect of certain healthy habits (and lack of unhealthy ones) can have a measurable effect on your finances! Today Kim Butler and Todd Strobel sit down to talk about the financial value of healthy living, and the best ways to incorporate healthy practices into your lifestyle, to not only feel better but increase your net worth! 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!   Show Notes: 00:00 Intro 00:45 The Value of Good Health 02:20 Sleeping and Salary Increase 09:12 Exercise and Higher Pay 12:00 Smoking’s Effect on Your Finances 15:31 Managing Stress 18:11 Outro

Summary: Today’s episode covers a very specific situation, however, if you have or plan on purchasing a whole life policy, this very well may be a situation that you run into. Best selling author Kim Butler and co-host Todd Strobel sit down to talk about the best way to repay debt on loans against a permanent life insurance policy. They talk about the various reasons a loan may have been made, including hard financial times - and then they discuss how to optimize the repaying of this loan. Tune in to learn more about taking control of your financial future and keeping your money safe. 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!   Show Notes: 0:00 Intro 0:34 How To Repay Debt on Loans Against a Permanent Life Insurance Policy 1:26 Investigating a Case Study 8:03 Why the Loan Must Be Paid Before Making More Than Minimum Pay Deposition 11:53 What Else Can Be Done to Reduce the Outlay on the Policy 13:34 What Strategies Can Be Used to Anticipate Problems Setting Up the Policy? 16:42 Resources Financial Planning Has Failed 17:27 Outro

Summary: Approximately seven years ago, many good, profitable businesses found themselves in a bind because their line of credit was pulled by the bank, and ultimately had to shut down. Many business owners wonder if there is a way to continue to feed their business if the worst should happen to again and their access to reliable credit is cut off. Today on the Prosperity Podcast, best selling author Kim Butler and co-host Todd Strobel reach out to those trying to grow and manage their own business to discuss the importance of being able to borrow against cash value of life insurance in instances where credit is not an option. 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!   Show Notes: 00:00 Intro 00:33  Reaching Out to the Self Employed 01:02 Keeping Our Doors Open With Cash Value of Life Insurance 04:41 How Do You Access Your Cash Value of Life Insurance? 07:21 The Problem With Seven Year Apnesia 07:59 What Do I Have To Do To Pay It Back? 13:15 What Could a Death Benefit Be Useful For in Business? 14:22 Should This Be Set Up as a Business Expenditure? 16:04 Outro

Summary: We all want to invest our money in profitable enterprises. Conversely, many of would also like to invest in programs and organizations that make the world a better place. Do these two goals always need to be separate? Today, our hosts best selling author Kim Butler and no b.s. Money guy Todd Strobel sit down to talk about investments that benefit the world, the investor, and the investee, or win win win investments. Tune in to find out how you can use your money to make a difference, while still keeping it safe and securing a profit! 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!   Show Notes: 0:00 Intro 0:30 Investments that Improve the World 2:40 The Importance of a Win Win Win Investment (Triple Bottom Line) 3:19 What is the Definition of a Win Win Win Investment? 3:39 How Do You Feel About Investing in Alcohol and Tobacco to Fund a Charity 4:56 Examples of Value Laden Investments 7:18 Investing Locally 10:55 The Benefits of For-Profits that Improve the World 12:36 Outro

Summary: Could low interest rates ever be a bad thing? Today our hosts best selling author Kim Butler and no b.s. Money guy Todd Strobel sit down to talk about how the federal reserve might be hurting us with low interest rates. They talk about the effect that low interest rates have on the majority of people’s retirement plans and tax deferred accounts, the effects they may have on your pension, and their effects on the life insurance business, dividends, and mutual life insurance companies. Tune in to plan for your retirement and ensure that your money is safe and profitable. 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!   Show Notes: 00:00 Intro 00:44 How the Federal Reserve is Tricking Us 01:21 Why Would the Federal Reserve Lower Interest Rates? 04:18 How This Affects Pension Funds 08:15 How Are Life Insurance Companies Dealing With This? 18:22 How Life Insurance Benefits the Living 20:03 Financial Planning Has Failed partners4prosperity.com/ebook 20:56 Outro

Summary: Annuities are super safe, require a super long commitment, and they could also cost you superbly. Today our hosts, best selling financial author Kim Butler and no b.s. money guy Todd Strobel sit down to talk about annuities, and the different type of annuities available. They talk about the different reasons why financial advisors might recommend annuities and why they never recommend tax deferred, fixed or equity index annuities. 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!   Show Notes: 0:00 Intro 0:43 Annuities 1:52 How Tax Deferred, Fixed & Equity Index, and Immediate Annuities Work 9:05 Alternatives to Annuities 14:43 Outro

Summary How do we get an accurate picture of our finances - not so up close that we can’t see the forest from the trees, and not so far away that we’re up in the clouds? Today, best selling author Kim Butler and no b.s. money guy Todd Strobel talk about how to get that perfect snapshot, that thirty thousand foot view, of our money. They explain what a prosperity profile sheet is, where you can go to get one, or how you can make your own! Tune in to take control of your finances and get your house in order 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!   Show Notes   00:00 Intro 00:42 The Thirty Thousand Foot View 03:45 How to See the Big Picture 05:49 The Prosperity Profile - What's In It partners4prosperity.com 13:09

Summary: Why are so many retirees dissatisfied? Today our hosts no bs money guy Todd Strobel and best selling author Kim Butler sit down to talk about the growing number of dissatisfied and unhappy retirees. They talk about the primary importance of choosing to be happy, day to day and even minute to minute. They then turn their attention to the learning how to prepare (not plan!) for retirement, the role of fear in retirement preparation, and the importance of having cash flow. Tune in to find out more about how to set yourself up for a secure, prosperous retirement. 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!   Show Notes: 00:00 Intro 00:24 Talking About the So Sad Retirees 01:14 Dissatisfied Retirees - Why is it Happening? 03:11 How to Prepare and Practice Creating a Choice to be Happy 10:02 The Importance of Cash Flow and the Role of Fear 12:12 Resources to Help Financial Planning Has Failed 14:48 Outro