The Prosperity Podcast

Summary: Join Kim Butler and Todd Strobel today as they discuss financial triage. Learn what three steps occur in a triage, and what personal financial triage means to you. Also, find out what to do if you are experiencing financial triage to take back control of your money and regain your lost opportunity cost. Most importantly, listen as Kim and Todd discuss addressing systemic finance errors, i.e., habits, like not saving consistently or investing with too much risk. Thank you for listening to the Prosperity Podcast and, as always, don’t hesitate to reach out to us at welcome@partners4prosperity.com, with any and all of your questions, comments, and concerns. We’d love to hear from you!   Show notes: 00:00 Intro 00:15 Financial Triage 01:12 What Three Steps Occur in a Triage? 02:19 What is Financial Triage? 06:02 A Simple Example of Financial Triage 07:24 Financial Triage Around Insurance 08:16 What To Do If You're Experiencing Financial Triage 10:20 How To Make Today's Finances the Most Efficient That You Can 10:42 How the Media Affects Financial Triage 11:25 Addressing Systemic Finance Errors: Habits 11:55 Not Saving Consistently 12:58 Investing with too Much Risk 14:48 What Are the Most Important Financial Systems? 15:46 Contact Info 16:37 Savings Does Not Mean Sacrifice 16:58 Outro

Summary: Welcome to the eighty first episode of the Prosperity Podcast! Join best-selling author Kim Butler and host Todd Strobel as the talk about the concepts of double line investing and triple wins in finance. The best investments are investments where both the buyer (or the investor) and the seller (or the borrower) have opportunities to grow and make more money. This is called a double line investment. The coiner of this term, Peter Diamandis, just published a new book Bold: How to Go Big, Create Wealth, and Impact the World, where he elaborates on this concept. Kim Butler and Todd Strobel also explain what a triple win investment is, a very similar concept, except in this case, it’s important that both the buyer, the seller, and the community as a whole (which could be a global community!) win too. 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 [00:34] Double Line Investing & The Triple Win [03:07] Examples of Investments That Benefit Everyone [07:07] More About the Double Bottom Line [10:27] Passion & Investments [12:38] Outro

Summary: What is the difference between typical finance and traditional finance? Join Kim Butler and Todd Strobel on this episode of The Prosperity Podcast to find out. Learn about how the stock market, and the risk involved in stock market investments, has changed over time and how that affects the most stable retirement and savings strategies today. Also, learn about the how different financial strategies are like either farming or hunting - either long term or short term - and either risk saturated, or risk avoidant. If you have any questions or comments, please reach out to us! We’ll be happy to do a podcast answering your questions and will get back to you on any comments or feedback you might have!   Show Notes: 0:00 Intro 0:55 Ways to Compare Partners for Prosperity to the Mainstream 1:22 Traditional Versus Typical Finances 6:06 How the Stock Market Has Changed 10:55 The Difference Between Farming and Hunting (as an analogy for finance) 12:29 Farming Work as Long Term Work 16:06 Resources - Live Your Life Insurance 17:07 Outro

Summary: Welcome to the 80th episode of the Prosperity podcast! Join bestselling author Kim Butler and no bs money guy Todd Strobel today as they discuss the millennial mindset and it’s implications for our future. Are millennials really ruining the future, or is there room to hope? How should their preferences influence our investment decisions today? And maybe most importantly, what is valuable about their mentality? 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 00:32 The Millennial Mindset 01:37 Spending Money on Experiences 04:04 Technology and Millennials Peter Diamandis “Abundance is our future.” 06:56 Experience Oriented Products 07:57 Solving the Challenges of Today with Future Technology 09:55 How To Prepare to Transition into an Experiential Economy 11:29 The Six D's of Technology 13:37 Outro

Summary: What type of mindset do you have? On this episode of the Prosperity Podcast, join Kim Butler and Todd Strobel as they talk about the important difference between a growth mindset and a fixed mindset. Find out how a growth mindset can help you make more money and become more prosperous, while a fixed mindset will cause you to plateau. For more information on fixed and growth mindsets, check out our favorite new book by Carol Dweck, Mindset: The New Psychology of Success. If you have any questions or comments, please reach out to us! We’ll be happy to do a podcast asking your questions and will get back to you on any comments or feedback you might have for us!   Show Notes: 00:00 Intro 00:43 Mindset: The New Psychology of Success by Carol Dweck 02:09 The Importance of the Growth Mindset 02:53 Tony Gonzalez & Mental Strength 04:37 Growth Mindset vs. Fixed Mindset 06:43 How This Applies to Finances 11:33 Dealing with Criticism 11:40Alternative Investments 13:26 Learning From the Success of Others 16:00 Outro

Summary: What’s the difference between good and bad debt? When do you want to prepay a loan? Should your investment strategy be the same for an investment property and a property you live at (your home)? What is a good interest rate? When should you take out loans? Let best-selling author Kim Butler and co-host Todd Strobel walk you through the answers to these questions and more on this episode of the Prosperity Podcast. If you have any questions or comments, please reach out to us! We’ll be happy to do a podcast asking your questions and will get back to you on any comments or feedback you might have for us!   Show Notes: 0:00 Intro 0:40 The Idea of Good Debt Versus Bad Debt 1:03 When to Prepay? 3:56 Is My Strategy the Same for an Investment Property and My Home? 8:50 Pay Attention to Your Interest Rates 9:52 Paying for Your Children's Education Versus Using a Student Loan 12:11 Other Debt Factors to Consider 14:12 Outro

Summary: Join us on the seventy-seventh episode of the prosperity podcast as best selling author Kim Butler and co-host Todd Strobel investigate fifteen year versus thirty year mortgages. Conventional wisdom seems to be based off of bank’s best interest and marketing tactics, so the Prosperity Podcast breaks down the best ways to analyze different mortgages so that you can make the financial decision that’s right for you. For more information on different types of mortgages, take a look at Kim Butler’s book Busting the Financial Planning Lies or drop by truthconcepts.com for their visual breakdown of the differences. If you’re looking to calculate the differences for yourself, try their free ten day download of this financial calculator. 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 [00:49] A Fifteen Year Versus a Thirty Year Mortgage [01:34] What Does "Conventional Wisdom" Say? [02:31] Consistent Time Frames & Consistent Cash Flows [05:19] How to Calculate This On Your Own [07:36] Consistent Interest Rates [08:29] The Third Alternative: Cash [11:03] Peace of Mind Versus Financial Discussions [13:07] The Importance of Having Cash Vs. Having Equity [16:18] Outro

Summary: Join Kim Butler and Todd Strobel today as they discuss negative interest rates. Learn about what they are, what their purpose is, and how that should affect your investment strategy. Also find out whether, ultimately, negative interest rate are a positive or negative thing for our economic well being. Always, don’t hesitate to reach out to us at welcome@partners4prosperity.com, with any and all of your questions, comments, and concerns. We’d love to hear from you!   Show notes: 00:00 Intro 00:47 Today's Topic: Negative Interest Rates 01:04 Are We Experiencing Negative Interest Rates? 02:31 Are Negative Interest Rates Good or Bad? 08:25 An Inflationary Environment vs. A Deflationary Environment 11:55 The Importance of Free Market Inflation and Deflation 14:26 Understanding the Positive Aspects of Technology Peter Diamandis Positive Aspects of Technology Blog 15:32 Summary of Ideas 16:23 Outro

Summary: Welcome to the seventy-fifth episode of the prosperity podcast! Join our host Todd Strobel and bestselling author Kim Butler as they discuss the important difference between faux prosperity and real prosperity. Learn why annuities and universal life are more accurately labeled as faux prosperity products and how to become more aware of financial products that don’t deliver on their promise. And of course, don’t hesitate to reach out to us at welcome@partners4prosperity.com, with all your questions, comments, and concerns. We’d love to hear from you! Shownotes: 0:00 Intro 0:35 The Difference Between 4-Prosperity and Faux-Prosperity 1:42 Faux Financial Products: Universal Life 4:35 Annuities as a Faux Financial Product 6:42 The Importance of The First Principle of Prosperity: Think 7:36 Paying Attention to What We Read 9:05 Ignoring Marketing Messages: Don't Believe You're Not Enough 10:24 Always Look for the Whole Truth: Busting Interest Rate Lies 13:30 Outro

Summary: The worst day to invest your money is tomorrow! This episode of the prosperity podcast centers around the importance of educating ourselves and investing our money today, and not tomorrow. Join best selling financial author Kim Butler and host Todd Strobel as they discuss the importance of acting now and the cost of indecision. 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 00:43 The Worst Possible Day to Invest: Tomorrow 03:54 Why You Shouldn't Wait for More Money 05:40 If You Already Have the Money, Why You Need to Invest 07:13 The Importance of Against the Grain Education 09:53 The Definition of an Investment for Partners for Prosperity 10:51 The Problem With The "More Risk, More Reward" Premise 12:50 How to Keep Learning 13:28 Outro